Glasscock County Real Estate and Livability Trends
Glasscock County, Texas displays significant economic volatility, with average taxable income swinging from $184,296.88 in 2014 to $126,248.44 in 2017, then rebounding to $160,867.19 by 2018. Home values have fluctuated sharply, peaking at $303,300 in 2020 before dropping to $203,100 in 2021 and rising again to $258,300 in 2022. This variance, unlike Texas’s general upward trend, indicates... Read more
Glasscock County Market Trends
Over the past eight years, home values in Glasscock County, Texas, have shown notable volatility, peaking at $303,300 in 2020 before dropping to $203,100 in 2021, and then rising again to $258,300 in 2022. This fluctuating trend differs from Texas's generally steady increase and suggests potential price instability. Average real estate taxes have also seen significant swings, from $1,875.00 in... Read more
Median Value of Occupied Housing Units in Glasscock County, Texas Over the Last 8 Years
In the last eight years, Glasscock County, Texas, saw a dynamic shift in median home values, peaking at $303,300 in 2020 before dropping to $203,100 in 2021 and then rising again to $258,300 in 2022. Compared to the Texas state median, which steadily climbed from $136,000 in 2015 to $238,000 in 2022, Glasscock County exhibited more volatility and overall higher values. Nationally, the median home value rose from $125,500 in 2015 to $179,400 in 2022, making Glasscock County a significantly more expensive market than both the state and the national averages. This suggests that those looking to invest or move to Glasscock County should be prepared for a potentially fluctuating but generally higher-priced housing market.
Average Real Estate Taxes Per Tax Return in Glasscock County, TX Over the Last 6 Years
Glasscock County, located in Texas, has experienced notable fluctuations in average real estate taxes per tax return over the past six years. Starting at $1,875.00 in 2012, there was a significant jump to $2,700.00 in 2013, followed by varied trends leading to a peak of $2,920.00 in 2016. Such variability could be indicative of shifting property valuations or changes in tax policies. For those considering investments or property developments in this county, these trends might reflect broader economic conditions and local governance strategies. Appraisers and insurance agents should also be aware of these dynamics, which could influence property values and insurance premiums respectively.
Percentage of Farm Returns in Glasscock County, TX Over the Last 10 Years
The percentage of farm tax returns in Glasscock County, Texas, has hovered between roughly 19.69% and 23.81% over the past decade. Peaks occurred in 2013 and 2015, hitting approximately 23.33% and 23.81%, respectively, suggesting occasional boosts in agricultural activity. Understanding farm tax returns can help gauge the economic health and trends of the farming sector, impacting decisions on investment and development in the county. The stable yet fluctuating farm return rates might indicate variable but significant agricultural engagement, potentially influencing property values and local economic strategies.
Number of Mortgages by Occupancy Type in Glasscock County, TX Over the Last 5 Years in Glasscock County
In Glasscock County, Texas, the data on mortgage counts over the past five years suggests a significant tilt towards principal residences, peaking notably in 2020 with 51 mortgages. In contrast, investment properties and second residences have consistently seen minimal activity, with occasional single-digit numbers. This shift in occupancy types may concern investors and real estate agents, indicating that the housing market is largely driven by owner-occupied homes rather than rental or secondary properties. For appraisers and insurance agents, it signals a market less influenced by transient or non-primary residents, potentially affecting property values and risk assessments. For those considering the county for relocation or investment, understanding this trend can provide insights into community stability and long-term investment viability.
Economic Outlook
The real estate market in Glasscock County, Texas, could be significantly influenced by the area's fluctuating average taxable income and tax liabilities. In 2014, taxable income peaked at $184,296.88 before dropping to a low of $126,248.44 in 2017 and then recovering to $160,867.19 by 2018. Similarly, average tax liability peaked at $60,667.27 in 2014 but saw a notable drop to $30,500.00 in 2020. These income and tax liability swings indicate economic volatility that could affect property... Read more
Average Taxable Income per Tax Return in Glasscock County, TX over the last 9 years
The average taxable income per tax return in Glasscock County, Texas, shows notable fluctuation over the last nine years. After peaking at approximately $184,296.88 in 2014, it saw a decline, hitting a low of around $126,248.44 in 2017, before modestly recovering to roughly $160,867.19 in 2018. These shifts suggest potential economic volatility that could impact investment decisions, property appraisals, or real estate trends. Those interested in the area might find these variations useful for understanding the fiscal landscape and economic resilience of Glasscock County.
Average Total Tax Liability Per Tax Return in Glasscock County, TX Over the Last 10 Years
Glasscock County, Texas exhibits fluctuating trends in average total tax liability per tax return over the past decade, with notable highs and lows. In 2014, the average tax liability peaked at $60,667.27, while 2017 and 2020 saw significant declines to $34,075.00 and $30,500.00 respectively. This volatility may suggest varying economic conditions or shifts in taxpayer demographics and income levels within the county. Such trends are critical for real estate agents, investors, and appraisers looking to understand the area's financial landscape and for insurance agents assessing risk and coverage requirements.
Cost of Living in Glasscock County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,161 | $1,275 | $1,762 | $1,310 | $925 |
| 1 adult 4 children | $1,161 | $1,041 | $1,347 | $1,310 | $1,066 |
| 2 adults 3 children | $1,161 | $1,041 | $1,529 | $1,310 | $762 |
| 1 adult 3 children | $1,161 | $850 | $1,114 | $1,310 | $866 |
| 2 adults 2 children | $885 | $853 | $1,296 | $1,145 | $675 |
| 1 adult 2 children | $885 | $637 | $881 | $1,145 | $643 |
| 2 adults 1 child | $885 | $674 | $1,063 | $608 | $647 |
| 1 adult 1 child | $885 | $435 | $648 | $608 | $558 |
| 2 adults | $705 | $541 | $830 | $0 | $569 |
| 1 adult | $667 | $295 | $415 | $0 | $502 |
Safety trends & Data
Glasscock County, Texas has seen sporadic but notable fluctuations in property crime over the past four years. Burglary incidents spiked significantly in 2020 with 11 reported cases, while other crimes like fraud and motor vehicle theft were more common in 2021 and 2022, though not consistently. This sporadic pattern could be a factor for real estate investors weighing local crime trends and insurance agents assessing risk factors for... Read more
Property Crime Trends in Glasscock County, TX Over the Last 4 Years
Glasscock County, Texas has experienced sporadic but notable fluctuations in property crime over the past four years. Burglary incidents peaked significantly in 2020 with 11 reported cases, unlike any other year in this period. Other crimes like fraud and motor vehicle theft were reported mainly in 2021 and 2022, with isolated incidents rather than consistent trends. The data suggests that while certain crimes such as burglary saw temporary spikes, other common property crimes were less prevalent but still present. This could potentially influence a variety of stakeholders from real estate investors concerned with local crime trends to insurance agents considering risk factors for coverage.
Demographics
Glasscock County, Texas, shows intriguing demographic trends. The adult population is fairly balanced between 370 males and 335 females. Educational attainment hints at a diverse array of backgrounds with a notable portion having some college education but no degree, standing equal with those holding Bachelor's degrees at 217 each. Age distribution skews slightly towards middle-aged residents, with a significant cluster in the 35 to 54-year range. Racially, the county is overwhelmingly White... Read more
Race Distribution in Glasscock County, Texas (2022)
Educational Attainment in Glasscock County, Texas (2022)
Age Distribution in Glasscock County, Texas
Citizen Population in Glasscock County, Texas (2022)
Political Trends & Data
Glasscock County, Texas, shows a noticeable Republican stronghold in the 2020 U.S. Presidential Election, with around 94% of votes favoring the Republican candidate. Democratic support is minimal, accounting for about 6% of the votes, while Libertarian participation is almost negligible at just under 0.5%. The lack of votes for Green Party or other third-party candidates underscores the electorate's overwhelming preference for the two main... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Glasscock County, Texas, Republican dominance in the 2020 U.S. Presidential Election appears to be substantial, with nearly 94% of the votes estimated to lean towards the Republican candidate. Democratic presence, while significantly lower, seems to hover around 6%. Libertarian support might be marginal, barely making an impact at just under half a percent. It's intriguing to note the absence of any measurable votes for Green Party or other third-party candidates, suggesting a strong preference for major party candidates among the electorate.
93.57% of voters voted for the Republican party in the 2020 Presidential Election
5.97% of voters voted for the Democrat party in the 2020 Presidential Election
0.46% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Glasscock County, Texas boasts a student-to-teacher ratio consistently between 8 to 9.5 students per teacher, significantly below the national average of 14. This might attract families seeking a more personalized education experience, adding a unique appeal for real estate agents targeting quality-conscious buyers. Lower ratios could also influence property values positively and impact insurance policy considerations, reflecting the community's strong educational... Read more
Student-to-teacher ratio in Glasscock County, Texas over the last 10 years
Glasscock County, Texas has consistently maintained a student-to-teacher ratio well below the national average of 14 students per teacher over the past decade. From 2014 to 2023, ratios have fluctuated slightly, staying between approximately 8 and 9.5 students per teacher. This lower ratio might attract families and investors looking for a more personalized education environment. For real estate agents, highlighting this could appeal to buyers prioritizing educational quality, and appraisers might consider this when evaluating property values. Insurance agents might also take note, as lower ratios could be indicative of a community's investment in its educational infrastructure, potentially impacting policy considerations.
