Hale County Real Estate and Livability Trends
Hale County, Texas has seen its average taxable income rise from $40,240.69 in 2013 to $49,334.59 in 2021, indicating economic growth that real estate developers might find appealing. Median home values jumped from $73,400 in 2015 to $97,500 in 2022, which, although still lower than state and national averages, could signify a thriving market. Noteworthy energy tax credits in 2018 and 2019... Read more
Hale County Market Trends
Hale County, Texas' real estate market reveals a jump in median home values, from $73,400 in 2015 to $97,500 in 2022, still more affordable compared to the state and national figures of $238,000 and $179,400, respectively. Interestingly, energy tax credits experienced notable peaks in 2018 and 2019, hinting at substantial investments in home energy improvements. Property taxes have surged, with a... Read more
Median Value of Occupied Housing Units in Hale County, Texas Over the Last 8 Years
Hale County, Texas has seen a median home value increase from $73,400 in 2015 to $97,500 in 2022. While this presents a steady climb, it trails both the state and national levels which stood at $238,000 and $179,400 respectively in 2022. This disparity might suggest Hale County offers more affordable housing options, potentially appealing to budget-conscious buyers or investors looking for cost-effective opportunities.
Residential Energy Tax Credit Per Tax Return in Hale County, TX Over the Last 9 Years
Hale County, Texas has seen notable fluctuations in the average residential energy tax credit per tax return over the past nine years. Significant spikes occurred in 2018 with $1,066.67 and 2019 close behind at $977.78, suggesting increased home energy efficiency investments during these periods. More moderate figures were seen in years like 2013 at $307.14 and 2020 at $688.89. Understanding these trends could be valuable for potential investors, appraisers, and real estate agents looking to assess long-term investment viability or property value impacts tied to energy efficiency improvements.
Average Real Estate Taxes Per Tax Return in Hale County, TX Over the Last 10 Years
Over the past decade, Hale County, Texas has experienced a notable increase in average real estate taxes per tax return, peaking at $5144.44 in 2020 before slightly declining to $5039.29 in 2021. This upward trend, beginning at approximately $3038.84 in 2012, could indicate growing property values or shifts in tax policy. The sharp rise post-2017, and particularly from 2018 onwards, might suggest significant developments in the area affecting real estate dynamics, which could be of interest to potential investors, real estate agents, and property developers.
Percentage of Farm Returns in Hale County, TX Over the Last 10 Years
In Hale County, Texas, the percentage of farm tax returns over the last 10 years appears to have some fluctuation, with a slight general downward trend. Starting from a peak of approximately 4.50% in 2014, it decreased to around 3.76% by 2020 before experiencing a minor rise to about 3.90% in 2021. Farm tax returns help allocate financial resources effectively, reflecting the economic health and activity level in the agricultural sector. This subtle yet notable decline might imply changing economic conditions, environmental factors, or shifts in farming practices that investors and property developers should consider.
Number of Mortgages by Occupancy Type in Hale County, TX Over the Last 5 Years in Hale County
Over the last five years in Hale County, Texas, the number of mortgages for principal residences has shown considerable variation, peaking at 845 in 2021, but falling to 610 by 2022. Investment property mortgages remain relatively stable, oscillating slightly around the 50-mark, while second residence loans are markedly sparse, never exceeding 13 annually. These occupancy type trends are crucial for would-be investors and real estate professionals, as principal residence stability might suggest a steady population base, while the limited demand for second residences might deter luxury property developments. Understanding these shifts can help insurer agents and appraisers better gauge risk and value, as mortgage dynamics often mirror economic and demographic changes.
Economic Outlook
Hale County, Texas has witnessed a steady rise in the average taxable income per tax return—from $40,240.69 in 2013 to $49,334.59 in 2021—highlighting consistent economic growth. Real estate developments and appraisals may find this trend appealing, as it points to a resilient local economy. Fluctuations in state and local income taxes, including a peak at $5,000.00 in 2015, reflect variable economic conditions that could impact fiscal planning and market dynamics for property... Read more
Average Taxable Income per Tax Return in Hale County, TX over the last 9 years
Over the past nine years, Hale County, Texas has shown a gradual increase in the average taxable income per tax return, rising from $40,240.69 in 2013 to $49,334.59 in 2021. The notable spikes in 2017 and especially from 2019 to 2021 suggest economic growth, potentially attracting investors and homebuyers. This positive trend indicates a resilient local economy, which could be appealing for potential real estate developments and appraisals, as well as offering favorable conditions for insurance agents assessing risk.
Average State and Local Income Taxes Per Tax Return in Hale County, TX Over the Last 6 Years
Over the past six years, Hale County, Texas has seen fluctuations in the average state and local income taxes per tax return. In 2012, the average was $3,900.00, dropping to $3,380.00 in 2013 but spiking to $4,750.00 in 2014. The peak was observed in 2015 at $5,000.00, followed by a slight decline to $4,650.00 in 2016, and a modest rise to $4,875.00 in 2017. These changes suggest varying economic conditions which could be pivotal for investors, property developers, and real estate professionals who need to gauge fiscal trends and their potential impact on local market dynamics.
Average Total Tax Liability Per Tax Return in Hale County, TX Over the Last 10 Years
Over the past decade in Hale County, Texas, the average total tax liability per tax return has experienced fluctuations, starting at approximately $6,849.94 in 2012 and ultimately rising to $7,202.77 in 2021. The most significant drop was seen in 2014, with the liability falling to about $6,086.85, while notable increases occurred in 2020 and 2021. These trends could suggest economic variations and shifting financial landscapes, potentially affecting decisions for investors, real estate agents, or anyone considering moving to or insuring property in the region.
Cost of Living in Hale County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,160 | $1,303 | $2,079 | $1,199 | $839 |
| 1 adult 4 children | $1,160 | $1,064 | $1,592 | $1,199 | $917 |
| 2 adults 3 children | $1,160 | $1,064 | $1,803 | $1,199 | $667 |
| 1 adult 3 children | $1,160 | $869 | $1,316 | $1,199 | $682 |
| 2 adults 2 children | $826 | $871 | $1,527 | $1,046 | $562 |
| 1 adult 2 children | $826 | $651 | $1,040 | $1,046 | $494 |
| 2 adults 1 child | $826 | $689 | $1,250 | $548 | $553 |
| 1 adult 1 child | $826 | $445 | $763 | $548 | $450 |
| 2 adults | $721 | $553 | $974 | $0 | $507 |
| 1 adult | $623 | $302 | $487 | $0 | $425 |
Safety trends & Data
In Hale County, Texas, larceny-theft emerges as the prevalent property crime, peaking at 34.00 arrests in 2018 but experiencing a slight decline thereafter, with a rise to 25.00 arrests in 2022. Motor vehicle thefts have shown some fluctuation, ranging from 10.00 to 14.00 yearly arrests, while burglary arrests saw a significant drop from 9.00 in 2018 to just 2.00 in 2020. Notably, vandalism incidents doubled from 4.00 arrests in 2019 to 19.00 in 2022. Fraud and forgery-counterfeiting incidents... Read more
Property Crime Trends in Hale County, TX Over the Last 5 Years
Over the past five years in Hale County, Texas, property crime trends reveal interesting shifts. Larceny-theft consistently remains the most frequent crime, peaking at 34.00 arrests in 2018 with a slight decline in subsequent years but rising again in 2022 to 25.00 arrests. Motor vehicle thefts have also fluctuated, maintaining a range between 10.00 and 14.00 arrests each year. Instances of burglary, however, show a notable decrease, significantly dropping from 9.00 arrests in 2018 to just 2.00 in 2020. Vandalism appears to be on the rise, doubling from 4.00 arrests in 2019 to 19.00 in 2022. Fraud and forgery-counterfeiting incidents have fluctuated but remained relatively low in comparison to other property crimes. This overall variability in crime types and frequencies can be an insightful metric for potential investors, property developers, and residents assessing the county’s safety and investment opportunities.
Demographics
In Hale County, Texas, males marginally outnumber females. High school graduates form the largest educational segment, while a low percentage hold advanced degrees. The population under 10 years is fairly significant, hinting at a youthful demographic. Predominantly White, the community also showcases diversity with smaller but present representations of Black or African American, American Indian, and other... Read more
Race Distribution in Hale County, Texas (2022)
Educational Attainment in Hale County, Texas (2022)
Age Distribution in Hale County, Texas
Citizen Population in Hale County, Texas (2022)
Political Trends & Data
In Hale County, Texas, the 2020 U.S. Presidential Election results showed a pronounced preference for the Republican party, which garnered approximately 74.87% of the vote. Democratic candidates received around 23.77%, underscoring a firm Republican stronghold. Minor parties, including Libertarian and Green, had negligible support, hinting at a consistently bipartisan landscape with little room for third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hale County, Texas, the 2020 U.S. Presidential Election displayed a significant leaning towards the Republican party, with a substantial 74.87% of the vote. The Democratic party trailed with roughly 23.77%, suggesting a strong Republican presence. Minor parties like the Libertarian and Green barely registered, indicating limited support for these alternatives in the county. This distribution highlights Hale County's political preferences and might suggest entrenched partisan dynamics.
74.87% of voters voted for the Republican party in the 2020 Presidential Election
23.77% of voters voted for the Democrat party in the 2020 Presidential Election
1.01% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Green party in the 2020 Presidential Election
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hale County, Texas, has seen its student-to-teacher ratio improve from a peak of 14 in 2015 to about 11 in 2023, which is better than the US national average of 14 students per teacher. This improvement suggests potentially better educational outcomes, which can make the area more attractive to families evaluating school quality. For real estate stakeholders, this educational trend could enhance the appeal of residential properties, indicating a community invested in... Read more
Student-to-teacher ratio in Hale County, Texas over the last 10 years
Hale County, Texas, has seen fluctuations in its student-to-teacher ratio over the past decade, with a peak at 14 in 2015 but gradually decreasing to around 11 in 2023. This tends to indicate improvement when compared against the US national average of 14 students per teacher, suggesting potentially more personalized attention and better educational outcomes for students in the area. Such trends may be a significant consideration for families evaluating school quality, as lower ratios often translate to more focused instruction. For investors, appraisers, and real estate agents, these educational metrics could enhance the appeal of residential properties, signaling a community dedicated to education.
