Grayson County Real Estate and Livability Trends
Grayson County, Texas has seen significant economic growth, with average taxable income rising from $49,500.29 in 2013 to $73,789.28 in 2021, potentially influencing property values and attracting investment. Median home values have nearly doubled from $107,000 in 2015 to $206,900 in 2022, outstripping state and national growth rates. Energy tax credits and real estate taxes per return have... Read more
Grayson County Market Trends
Grayson County, Texas has seen its median home values nearly double from $107,000 in 2015 to $206,900 in 2022, outpacing both state and national growth rates. Energy tax credits in the county have also risen markedly, from $317.58 in 2013 to $2,552.50 in 2021, indicating a growing interest in energy-efficient home improvements. Real estate taxes per return have increased significantly, from... Read more
Median Value of Occupied Housing Units in Grayson County, Texas Over the Last 8 Years
Over the past eight years, median home values in Grayson County, Texas have surged from $107,000 in 2015 to $206,900 in 2022. This dramatic rise outpaces the statewide increase in Texas, where median values climbed from $136,000 to $238,000 over the same period. Nationally, median home values grew more modestly from $125,500 to $179,400. This makes Grayson County increasingly attractive for investors and potential homeowners considering Texas's dynamic real estate market.
Residential Energy Tax Credit Per Tax Return in Grayson County, TX Over the Last 9 Years
Over the past nine years, Grayson County, Texas, has seen a remarkable increase in the average residential energy tax credit per tax return. Starting at a modest $317.58 in 2013, the tax credit surged to $2,552.50 by 2021. Notably, there was a significant jump between 2016 and 2017, where the average credit nearly doubled from $590.67 to $1,188.89, and another spike in 2018 with a peak at $2,461.90. These trends suggest a growing adoption of energy-efficient home improvements, potentially driven by increasing awareness and incentives. For investors, homeowners, and real estate professionals, this trend might indicate a robust market for green home upgrades and could imply long-term savings and increased property values through energy efficiency.
Average Real Estate Taxes Per Tax Return in Grayson County, TX Over the Last 10 Years
Over the past decade, Grayson County, Texas has seen a noticeable increase in average real estate taxes per tax return, climbing from approximately $3,782.53 in 2012 to roughly $6,810.08 in 2021. This trend suggests a potentially growing demand for property in the area, which could be reflective of increased property values or heightened investment. For investors, this indicates a potentially robust market, while current homeowners and those considering a move should factor in the escalating tax implications. Real estate agents and appraisers might see this as a sign of the region's appreciation in value, and insurance agents should consider how rising property values and taxes might influence coverage needs.
Percentage of Farm Returns in Grayson County, TX Over the Last 10 Years
Over the past decade, Grayson County, Texas, has seen a slight but consistent decrease in the percentage of farm tax returns, dropping from approximately 4.89% in 2012 to around 3.91% in 2021. Farm tax returns indicate the proportion of agricultural operations filing for tax considerations, reflecting agricultural economic activity and potentially land use changes. This trend might influence decisions for future investment, development, or residence, making it worth noting for those considering the area's economic landscape and potential shifts in land utilization.
Number of Mortgages by Occupancy Type in Grayson County, TX Over the Last 5 Years in Grayson County
Grayson County, Texas has seen fluctuations in mortgage activity across different occupancy types over the past five years. There was a notable increase in mortgages for principal residences from 2018 to 2021, peaking at 9,795 in 2021 before dropping to 7,475 in 2022. Investment property mortgages also spiked in 2021 but slightly declined in 2022. These shifts might influence homebuyers and investors by indicating changing market preferences and economic conditions. For appraisers, this trend suggests varying property values, while insurance agents might adjust policies based on the occupancy type mix. This data could be crucial for real estate agents to strategize their offerings and for anyone considering building property in the area.
Economic Outlook
Grayson County, Texas has seen a notable increase in average taxable income per tax return, climbing from $49,500.29 in 2013 to $73,789.28 by 2021, indicating potential economic growth and increased earning power in the area. This upward trend could attract investors, new residents, and impact property values and insurance rates. Similarly, the average state and local income taxes per tax return have risen from $4,428.57 in 2012 to $8,591.30 in 2021, which might suggest economic shifts and... Read more
Average Taxable Income per Tax Return in Grayson County, TX over the last 9 years
Over the last nine years, the average taxable income per tax return in Grayson County, Texas has shown a notable upward trend. Starting from approximately $49,500.29 in 2013, the figure gradually increased year over year, reaching about $73,789.28 in 2021. This indicates a potential rise in earning power and economic growth in the area, which could attract investors, new residents, and bolster confidence among appraisers and real estate agents. The steady increase, especially the significant jump in the last year, may also influence insurance rates and property values, making Grayson County an intriguing option for both small and large-scale property investments.
Average State and Local Income Taxes Per Tax Return in Grayson County, TX Over the Last 10 Years
Over the past decade, Grayson County, Texas has seen a notable increase in average state and local income taxes per tax return. Starting at $4,428.57 in 2012, the average has consistently risen, hitting $8,591.30 by 2021. Fluctuations occurred, with a dip in 2015 to $4,253.42 and peaks like $7,209.38 in 2018. This trend may interest those considering property investments, as higher income taxes could be indicative of economic shifts or higher valuations in the area, impacting real estate appraisals and insurance rates.
Average Total Tax Liability Per Tax Return in Grayson County, TX Over the Last 10 Years
Over the last decade, Grayson County, Texas has seen fluctuating but generally increasing average total tax liabilities per tax return. Starting at approximately $8,200.42 in 2012, the amount climbed steadily, reaching a significant peak of about $11,600.96 in 2021. Key jumps occurred around 2015 and 2016, showing a substantial upward trend. This escalation might be indicative of rising property values, economic growth, or changes in tax regulations, which are crucial considerations for investors, property developers, and residents.
Cost of Living in Grayson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,419 | $1,351 | $2,135 | $1,432 | $1,034 |
| 1 adult 4 children | $1,419 | $1,103 | $1,634 | $1,432 | $1,157 |
| 2 adults 3 children | $1,419 | $1,104 | $1,852 | $1,432 | $849 |
| 1 adult 3 children | $1,419 | $901 | $1,351 | $1,432 | $937 |
| 2 adults 2 children | $1,050 | $904 | $1,568 | $1,245 | $700 |
| 1 adult 2 children | $1,050 | $675 | $1,068 | $1,245 | $665 |
| 2 adults 1 child | $1,050 | $714 | $1,285 | $640 | $663 |
| 1 adult 1 child | $1,050 | $461 | $784 | $640 | $540 |
| 2 adults | $900 | $574 | $1,002 | $0 | $568 |
| 1 adult | $733 | $313 | $501 | $0 | $458 |
Safety trends & Data
Over the past five years in Grayson County, Texas, property crime trends reveal intriguing shifts for real estate stakeholders. Burglary incidents peaked at 102 in 2019 and 2022, while larceny-theft significantly dropped from 180 in 2018 to 80 in 2022. Notably, motor vehicle theft doubled from 14 in 2018 to 32 in 2022, potentially indicating evolving local conditions. These crime trends could affect property values and influence risk assessments for potential investors or... Read more
Property Crime Trends in Grayson County, TX Over the Last 5 Years
Over the past five years in Grayson County, Texas, property crime reveals some key trends for potential stakeholders. While burglary incidents have fluctuated with highs at 102 in both 2019 and 2022, and larceny-theft saw a significant decrease from 180 in 2018 to 80 in 2022, motor vehicle theft has notably doubled from 14 in 2018 to 32 in 2022. These shifts potentially signal varying enforcement effectiveness, economic conditions, or other systemic factors. For those considering real estate investments or insurance, these details suggest evolving crime profiles that could impact property values and risk assessments.
Demographics
Grayson County, Texas shows a fairly balanced adult gender ratio, with females slightly outnumbering males. A large portion of the adult population has a high school diploma or some college education, but relatively fewer have advanced degrees. The age distribution suggests a broad spread, with a sizable proportion aged 55 and older, indicating potential healthcare and retirement needs. The county is predominantly white, with small yet notable Black, Asian, and other racial minorities adding to... Read more
Race Distribution in Grayson County, Texas (2022)
Educational Attainment in Grayson County, Texas (2022)
Age Distribution in Grayson County, Texas
Citizen Population in Grayson County, Texas (2022)
Political Trends & Data
Grayson County, Texas, potentially shows a strong lean towards Republican preferences, with around 74% of the electorate favoring the GOP in the 2020 Presidential Election. In comparison, Democratic support might be considerably lower at around 24%. This substantial Republican majority could reflect broader conservative trends typical in many areas across... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Grayson County, Texas, potentially reflects a significant Republican majority, with GOP voters comprising approximately 74% of the electorate in the 2020 Presidential Election. Democratic support appears to trail significantly at around 24%, while minor parties like Libertarian and Green attract only about 1% and 0.2% respectively. These figures might suggest a strong conservative inclination within this region, indicative of broader political trends in parts of Texas.
74.26% of voters voted for the Republican party in the 2020 Presidential Election
24.39% of voters voted for the Democrat party in the 2020 Presidential Election
1.07% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Grayson County, Texas has persistently fallen below the national average of 14, recently hitting a 10-year low of 12.53 in 2022 and currently at 12.66 for 2023. This favorable educational metric could attract families seeking more individualized attention for their kids, making the area particularly appealing. Investors and real estate professionals might see this trend as a key selling point, potentially boosting property values and appealing to buyers who... Read more
Student-to-teacher ratio in Grayson County, Texas over the last 10 years
Grayson County, Texas has maintained a student-to-teacher ratio that generally falls below the national average of 14 students per teacher over the past decade. The ratio has fluctuated slightly, peaking at 13.35 in 2018 before declining to a 10-year low of 12.53 in 2022. Most recently, the ratio stands at 12.66 for 2023. This lower student-to-teacher ratio could suggest more individualized attention for students, which might be a compelling factor for families considering moving to the area, as well as for investors and real estate agents highlighting the educational landscape in their pitch. Additionally, this trend may also influence appraisal values and insurance considerations, as properties in regions with favorable educational statistics can often command higher value and potentially lower risks.
