Gray County Real Estate and Livability Trends
Gray County, Texas has seen median home values rise to $93,600 in 2022, remaining notably more affordable compared to state and national averages. This affordability, alongside a growing interest in energy-efficient home investments, marked by peaks in residential energy tax credits in 2018 and 2021, hints at sustainable living trends. Additionally, rising real estate taxes from $3,027.83 in 2012... Read more
Gray County Market Trends
Gray County, Texas has experienced a steady rise in median home values, reaching $93,600 in 2022, well below both the state and national averages, potentially offering affordable housing opportunities. The area has seen significant ups and downs in residential energy tax credits, particularly spiking in 2018 and 2021, reflecting a possible rise in energy-efficient home investments. This trend may... Read more
Median Value of Occupied Housing Units in Gray County, Texas Over the Last 8 Years
Gray County, Texas has seen a generally steady increase in median home values over the last eight years, ending at $93,600 in 2022. This figure remains substantially below the Texas state average of $238,000 and even further below the national average of $179,400 for the same year. This lower median value might present an attractive opportunity for those looking to invest in or move to an area with relatively affordable housing compared to broader market trends.
Residential Energy Tax Credit Per Tax Return in Gray County, TX Over the Last 9 Years
Over the last nine years in Gray County, Texas, the average residential energy tax credit per tax return has shown significant volatility. Notably, after relatively modest figures from 2013 to 2017, the credit spiked dramatically in 2018 to $1516.67 and again in 2021 to over $2000. Despite the fluctuations, this trend suggests a growing investment in energy-efficient home improvements. This matters for prospective investors, real estate agents, and residents as it could indicate a heightened local interest in sustainable living and energy savings, potentially boosting property values and altering market dynamics.
Average Real Estate Taxes Per Tax Return in Gray County, TX Over the Last 10 Years
Gray County, Texas has seen a relatively steady increase in average real estate taxes per tax return over the past decade. Starting at $3,027.83 in 2012, the taxes have surged to $4,914.29 by 2021. This upward trend suggests that property values might be increasing, presenting potentially lucrative investment opportunities. It could also indicate rising fiscal demands within the county, which might affect budget planning for residents, insurers, and real estate agents. Investors and developers should consider these tax trends when evaluating property costs and long-term financial projections in the area.
Percentage of Farm Returns in Gray County, TX Over the Last 10 Years
Over the last decade, Gray County, Texas has shown variations in the percentage of farm returns, generally hovering between 3.59% and 4.21%. Notable fluctuations include peaks in 2013 and 2018, both around 4.16% and 4.21% respectively, and a dip to approximately 3.59% in 2020 and 2021. Farm tax returns reflect the region's agricultural activity and can serve as a gauge for economic health in farming. These trends may suggest a gradual decline in farm operations or profitability, which could be essential for potential investors, property developers, and residents to consider when assessing the area's economic vitality and growth potential.
Number of Mortgages by Occupancy Type in Gray County, TX Over the Last 5 Years in Gray County
Gray County, Texas has seen fluctuating trends in mortgage counts across different occupancy types over the past five years. Principal Residence mortgages dominate, peaking in 2021 with 767 counts but then dropping sharply to 508 in 2022. Investment Property mortgages have shown a gradual increase but remain significantly lower, reaching a high of 62 in 2021. Second Residence mortgages have consistently been minimal, with a slight peak in 2021 at 10 counts. These shifts in occupancy types can impact local market dynamics, influencing everything from real estate investment strategies to supplies of owner-occupied housing. Investors might find opportunities in the lagging Investment Property segment, while appraisers and insurers need to account for these trends when evaluating risks and property values. Real estate agents and those considering moving will want to pay attention to the availability and competition for Principal Residences, potentially revealing both challenges and opportunities in the Gray County housing market.
Economic Outlook
Gray County, Texas has experienced notable fluctuations in its economic metrics over the past decade, with average taxable income per tax return peaking at $58,417.86 in 2013 before dropping to a low of $46,983.82 in 2016 and recovering to $56,809.43 by 2021. State and local income taxes followed a similar pattern, starting at $4,733.33 in 2012, dipping to $2,707.14 in 2015, and then stabilizing around $3,100 by 2019. Average total tax liability also fluctuated, peaking at $11,525.53 in 2013... Read more
Average Taxable Income per Tax Return in Gray County, TX over the last 9 years
Gray County, Texas has seen significant fluctuations in average taxable income per tax return over the past nine years. The peak was in 2013 with an average of $58,417.86, which then dipped to a low of $46,983.82 in 2016. The income figures have shown a recovery trend since 2017, with a notable rebound to $56,809.43 in 2021. This up-and-down pattern can be telling for investors, insurers, and real estate agents assessing the economic stability and growth potential in the area, as it suggests both vulnerability and resilience in Gray County's economic landscape.
Average State and Local Income Taxes Per Tax Return in Gray County, TX Over the Last 7 Years
Gray County, Texas has seen a noticeable fluctuation in average state and local income taxes per tax return over the past seven years. Beginning at $4,733.33 in 2012, there was a peak, followed by dips in subsequent years, reaching a low of $2,707.14 in 2015. Post-2015, the values show minor variation, averaging around $3,100 by 2019. This trend could indicate shifting economic conditions, which might be important for anyone considering property investment, moving to the area, or assessing local financial landscapes.
Average Total Tax Liability Per Tax Return in Gray County, TX Over the Last 10 Years
Over the past decade, Gray County, Texas has seen a fluctuating average total tax liability per tax return, peaking around 2013 at approximately $11,525.53 and hitting a low in 2020 at roughly $7,319.41. The data suggests a downward trend overall but with notable increases in 2017 and 2021. For potential investors, property developers, and real estate agents, these fluctuations could indicate varying economic conditions and income stability in the area, which might be relevant when considering market conditions and long-term fiscal planning.
Cost of Living in Gray County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,110 | $1,375 | $1,948 | $1,242 | $822 |
| 1 adult 4 children | $1,110 | $1,123 | $1,491 | $1,242 | $899 |
| 2 adults 3 children | $1,110 | $1,124 | $1,689 | $1,242 | $650 |
| 1 adult 3 children | $1,110 | $917 | $1,232 | $1,242 | $688 |
| 2 adults 2 children | $912 | $920 | $1,431 | $1,084 | $601 |
| 1 adult 2 children | $912 | $687 | $974 | $1,084 | $528 |
| 2 adults 1 child | $912 | $727 | $1,173 | $572 | $575 |
| 1 adult 1 child | $912 | $470 | $715 | $572 | $474 |
| 2 adults | $693 | $584 | $914 | $0 | $494 |
| 1 adult | $610 | $319 | $457 | $0 | $416 |
Safety trends & Data
Gray County, Texas, has seen notable fluctuations in property crime over the past five years, with larceny-theft peaking at 59.0 occurrences in 2018 but dropping to 25.0 by 2022. Burglary rates spiked in 2020 with 19.0 incidents but fell to just 4.0 in 2022, while motor vehicle theft remained stable, ranging between 2.0 and 12.0 incidents annually. This shifting landscape is crucial for potential investors, property builders, real estate agents, and residents who are concerned about safety and... Read more
Property Crime Trends in Gray County, TX Over the Last 5 Years
Gray County, Texas has seen notable fluctuations in property crimes over the past five years. Larceny-theft consistently leads the trend, peaking at 59.0 occurrences in 2018, but dropping to 25.0 by 2022. Burglary rates spiked in 2020 with 19.0 incidents but saw a significant drop to just 4.0 in 2022. Motor vehicle theft remained relatively stable, hovering between 2.0 and 12.0 incidents annually. More minor offenses like fraud, forgery, and counterfeiting have also shown varying numbers, indicating a dynamic crime environment. This shifting landscape is crucial for potential investors, property builders, real estate agents, and residents who are concerned about safety and risk assessments.
Demographics
Gray County, Texas shows a gender disparity with a higher male population than female. The educational attainment chart suggests that while a significant chunk of the population has a high school diploma or some college education, fewer individuals complete higher education degrees. The age distribution highlights a balanced spread across various age groups, though there is a noticeable drop in the population over 65. The racial composition is predominantly White, with smaller representations... Read more
Race Distribution in Gray County, Texas (2022)
Educational Attainment in Gray County, Texas (2022)
Age Distribution in Gray County, Texas
Citizen Population in Gray County, Texas (2022)
Political Trends & Data
Gray County, Texas, leans heavily conservative with nearly 88% voting Republican in the 2020 U.S. Presidential Election, leaving Democrats with around 11% and minor party influence at just over 1%. This skew suggests a strong preference for conservative policies, posing possible difficulties for other parties seeking substantial... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Gray County, Texas, showed a strong preference for the Republican party in the 2020 U.S. Presidential Election, with nearly 88% of the votes. Democrats seemed to secure a modest portion, potentially around 11%. Both Libertarian and Green parties appeared to have minimal influence, collectively accounting for just over 1% of the vote. This trend indicates Gray County's likely leaning towards conservative values and policies, hinting at potential challenges for other parties trying to make significant inroads.
87.90% of voters voted for the Republican party in the 2020 Presidential Election
10.65% of voters voted for the Democrat party in the 2020 Presidential Election
1.25% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
School Data
Gray County, Texas boasts a student-to-teacher ratio consistently hovering around 10 to 11, significantly lower than the national average of 14. This trend points towards more individualized attention for students and potentially higher educational outcomes. For those in the real estate market, such a supportive educational environment could be a key selling point for families and make properties in the area more attractive. It could also positively impact appraisers' assessments and insurance... Read more
Student-to-teacher ratio in Gray County, Texas over the last 10 years
Gray County, Texas has consistently shown a student-to-teacher ratio ranging from around 10 to 11 over the past decade. This is notably lower than the current national average of fourteen students per teacher, which can suggest more individualized attention for students and potentially higher educational outcomes. For those considering a move or investment in Gray County, this trend might signify a strong, supportive educational environment. This information could also influence appraisers' assessments and insurance agents' risk evaluations positively, while builders and real estate agents might find it appealing to families looking for quality education for their children.
