Gregg County Real Estate and Livability Trends
Gregg County, Texas has seen median home values increase from $124,600 in 2015 to $171,900 in 2022, making it relatively affordable compared to the state and national medians. Real estate taxes per return have surged from $3,790.66 in 2012 to $6,819.35 in 2021, reflecting rising property values and market demand. Noteworthy is the spike in residential energy tax credits, from $553.33 in 2013 to... Read more
Gregg County Market Trends
Median home values in Gregg County, Texas have risen from $124,600 in 2015 to $171,900 in 2022, making it more affordable compared to the state median of $238,000 and the national median of $179,400. Residential energy tax credits per tax return exploded from $553.33 in 2013 to $1,631.75 in 2018, implying growing investments in energy-efficient home improvements. Real estate taxes per tax return... Read more
Median Value of Occupied Housing Units in Gregg County, Texas Over the Last 8 Years
Median home values in Gregg County, Texas have shown consistent growth from $124,600 in 2015 to $171,900 in 2022, reflecting a strong upward trend. When compared to the state of Texas, where median values increased from $136,000 to $238,000 over the same period, Gregg County presents a more affordable option while still offering significant appreciation. Nationally, median home values rose from $125,500 to $179,400, suggesting that while Gregg County remains below both state and national averages, its housing market is climbing at a steady pace, making it a potentially enticing opportunity for investors and homebuyers.
Residential Energy Tax Credit Per Tax Return in Gregg County, TX Over the Last 9 Years
Over the past nine years, Gregg County, Texas has seen significant growth in residential energy tax credits per tax return. Starting at $553.33 in 2013, the average credit climbed to a peak of $1,631.75 in 2018, suggesting a growing investment in energy-efficient home improvements. This trend indicates potential for property value increases and improved home appraisals, which could be of interest to real estate agents, property developers, and investors. For insurance agents and homeowners, the rise in energy efficiency might imply lower risk and maintenance costs, enhancing the property's market appeal.
Average Real Estate Taxes Per Tax Return in Gregg County, TX Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Gregg County, Texas have shown a steady increase from $3,790.66 in 2012 to $6,819.35 in 2021. This upward trend is notable for those interested in investing in or moving to the area, as it reflects rising property values and potentially increasing market demand. Real estate agents, appraisers, insurance agents, and property developers might infer from these figures that the local housing market is experiencing growth. However, potential homeowners and investors should be mindful of the parallel rise in property tax expenses when considering financial commitments in Gregg County.
Percentage of Farm Returns in Gregg County, TX Over the Last 10 Years
Farm tax returns in Gregg County, Texas, have shown a mild but steady increase over the past decade. Starting at approximately 2.07% in 2012, the percentage crept up each year, reaching a peak of around 2.57% in 2019 before slightly dipping to 2.38% in 2021. Farm tax returns are essentially financial documents filed with the IRS by those involved in agricultural activities. This can be particularly insightful for potential investors or property developers; consistent growth in farm returns could indicate a burgeoning agricultural sector, hinting at economic stability and opportunities in the county.
Number of Mortgages by Occupancy Type in Gregg County, TX Over the Last 5 Years in Gregg County
Interest in Gregg County, Texas has seen a notable uptick in mortgages for principal residences over the past five years, peaking in 2021 with 5,283 counts but then dipping to 3,732 in 2022. Investment properties have remained somewhat stable but with a gradual increase, reflecting potential opportunities for real estate investors looking for rental yields or property flips. Second residences have consistently trailed far behind the other categories, indicating limited demand, possibly due to market focus on primary living spaces or investment potential rather than vacation or secondary homes. These trends suggest a shifting dynamic that could impact appraisors, insurance agents, and realtors, as the demand and valuation of principal versus investment properties fluctuate. For anyone considering building property, it's worth noting the ongoing health of the primary market and the resilient interest in investment properties.
Economic Outlook
Gregg County, Texas has seen fluctuating average taxable incomes, peaking at $68,548.49 in 2021 and dipping to $52,763.87 in 2016. Average state and local income taxes have surged notably from $6,103.33 in 2012 to $10,703.70 in 2021, potentially impacting living costs. Total tax liabilities have varied, with a notable dip in 2016 at $9,899.70 and a peak of $12,188.20 in 2015, likely reflecting broader economic trends. Poverty rates have decreased to 13.9% as of 2022, down from a high of 17.7%... Read more
Average Taxable Income per Tax Return in Gregg County, TX over the last 9 years
Over the past nine years, Gregg County, Texas has experienced fluctuating average taxable incomes per tax return, with notable highs in 2014 and 2021, reaching approximately $60,292.60 and $68,548.49 respectively. There were dips, particularly in 2016 at around $52,763.87 and in 2020 at approximately $56,769.11. These variances might suggest economic shifts or changes in the local job market, making it worthwhile for investors, real estate agents, and appraisers to consider these trends when evaluating the county's economic stability and growth potential.
Average State and Local Income Taxes Per Tax Return in Gregg County, TX Over the Last 10 Years
Gregg County, Texas has experienced a notable increase in average state and local income taxes per tax return over the last decade. Taxes surged from $6,103.33 in 2012 to $10,703.70 in 2021, suggesting a persistent upward trend. This uptick may influence the cost of living, making it a critical factor for potential investors, real estate agents, and those considering relocating or developing property in the area. For insurers and appraisers, these tax shifts could contribute to fluctuations in property values and insurance premiums.
Average Total Tax Liability Per Tax Return in Gregg County, TX Over the Last 10 Years
Gregg County, Texas has seen fluctuations in average total tax liability per tax return over the past decade, with amounts ranging from around $9,899.70 in 2016 to a peak of approximately $12,188.20 in 2015. Notably, there was a significant dip in 2016 and 2020, which could suggest economic factors impacting residents' taxable incomes during those years. For potential investors, real estate agents, appraisers, and others interested in economic trends within the county, these shifts are worth noting as they may reflect broader economic dynamics and can influence decisions on property investments, insurance policies, and local real estate market strategies.
Cost of Living in Gregg County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,417 | $1,347 | $1,710 | $1,252 | $825 |
| 1 adult 4 children | $1,417 | $1,100 | $1,306 | $1,252 | $923 |
| 2 adults 3 children | $1,417 | $1,101 | $1,485 | $1,252 | $665 |
| 1 adult 3 children | $1,417 | $898 | $1,081 | $1,252 | $706 |
| 2 adults 2 children | $1,017 | $901 | $1,259 | $1,088 | $551 |
| 1 adult 2 children | $1,017 | $673 | $855 | $1,088 | $499 |
| 2 adults 1 child | $1,017 | $712 | $1,034 | $557 | $546 |
| 1 adult 1 child | $1,017 | $460 | $630 | $557 | $459 |
| 2 adults | $855 | $572 | $808 | $0 | $495 |
| 1 adult | $777 | $312 | $404 | $0 | $436 |
Safety trends & Data
Gregg County, Texas, has seen intriguing property crime trends over the past five years. Larceny-theft, although once peaking at 444 instances in 2018, dipped to 313 by 2022. Burglary rates remained fairly stable except for notable spikes in 2021 and 2022, each with 59 incidents. Motor vehicle thefts trended upwards, culminating at 34 events in 2022, while fraud cases nearly doubled from 16 in 2021 to 33 in 2022. These fluctuations offer essential insights for real estate agents, investors, and... Read more
Property Crime Trends in Gregg County, TX Over the Last 5 Years
Gregg County, Texas has shown some notable property crime trends over the last five years. Larceny-theft remains the most prevalent, though it peaked in 2018 at 444 instances and saw a significant decline to 313 in 2022. Burglary arrests were relatively stable, except for a noticeable rise in 2021 and 2022, both years reporting 59 incidents. Motor vehicle theft saw fluctuations, generally trending upwards, peaking at 34 incidents in 2022. Interestingly, fraud and forgery/counterfeiting have seen variable increases, with fraud nearly doubling from 16 instances in 2021 to 33 in 2022. These dynamics suggest potential shifting focus areas for local law enforcement, while also serving as critical insights for real estate agents, investors, and insurance professionals assessing risk and property values in the county.
Demographics
Gregg County, Texas shows a notable gender imbalance with more females than males. Educationally, a substantial portion of the population holds only a high school diploma or some college experience without a degree, indicating potential barriers to higher education. The age distribution is relatively balanced, though residents under 10 and those between 25 and 34 years show slight peaks. Racial composition is predominantly White and Black or African American, with minimal representation from... Read more
Race Distribution in Gregg County, Texas (2022)
Educational Attainment in Gregg County, Texas (2022)
Age Distribution in Gregg County, Texas
Citizen Population in Gregg County, Texas (2022)
Political Trends & Data
In Gregg County, Texas, the 2020 U.S. Presidential Election leaned heavily toward the Republican Party, potentially securing more than twice the votes of Democrats. Libertarians also seemed to make a small but noticeable impression, while Green Party and other candidates might have garnered minimal support. This trend could hint at a strong local preference for conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Gregg County, Texas, the 2020 U.S. Presidential Election could be seen as skewed heavily in favor of the Republican Party, with Republicans potentially securing more than twice the votes of Democrats. Libertarians appeared to gather a small but noticeable fraction of the vote, while Green Party and other candidates likely garnered negligible support. These numbers might indicate a strong preference toward conservative policies in this county.
67.72% of voters voted for the Republican party in the 2020 Presidential Election
30.84% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% 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
In Gregg County, Texas, the student-to-teacher ratio has trended downward over recent years, from a high of nearly 15 in 2016 to around 12.8 in 2023. This declining ratio suggests more personalized classroom attention, which could appeal to families and investors considering a move to the area. Such statistics might be a strong selling point for real estate agents and may indicate community engagement and stability for appraisers and insurance agents. Developers can also highlight these figures... Read more
Student-to-teacher ratio in Gregg County, Texas over the last 10 years
In Gregg County, Texas, the student-to-teacher ratio has shown some fluctuation over the past decade. Peaking close to 15 in 2016, the ratio has generally decreased in recent years, dropping to approximately 12.8 in 2023. This trend is particularly relevant for prospective investors and families considering a move to the area, as a lower student-to-teacher ratio often translates to more personalized attention in classrooms, potentially leading to better educational outcomes. For real estate agents, this can be a significant selling point, while appraisers and insurance agents might view it as an indicator of community engagement and stability. Furthermore, developers and those building properties could leverage these metrics to highlight the quality of local education, compared to the national average of 14 students per teacher.
