Hall County Real Estate and Livability Trends
Hall County, Texas has experienced a stable rise in median home values, reaching $68,000 in 2022, but this growth lags behind broader trends, indicating potential for further appreciation. The student-to-teacher ratio has improved significantly, dropping to just under 9 in 2023, making the area attractive for families prioritizing education. Property crimes have notably decreased, suggesting a... Read more
Hall County Market Trends
Hall County, Texas has witnessed a steady climb in median home values, from $36,500 in 2015 to $68,000 in 2022. This growth, while notable locally, lags behind state and national increases, suggesting potential for further appreciation. Real estate tax fluctuations, including a drop from $2,237.50 in 2012 to $1,616.67 in 2013, followed by a rise to $1,980.00 by 2017, highlight the dynamic... Read more
Median Value of Occupied Housing Units in Hall County, Texas Over the Last 8 Years
Hall County, Texas has seen a consistent rise in median home values over the last eight years, jumping from $36,500 in 2015 to $68,000 in 2022. This growth, while impressive for the local area, still places Hall County significantly below both state and national figures, with Texas median home values increasing from $136,000 to $238,000 over the same period and U.S. medians rising from $125,500 to $179,400. This suggests that while Hall County is experiencing growth, it has potential room for more rapid appreciation compared to its broader counterparts, potentially making it an attractive spot for investors seeking undervalued markets.
Average Real Estate Taxes Per Tax Return in Hall County, TX Over the Last 6 Years
Over the past six years, Hall County, Texas, has seen fluctuations in average real estate taxes per tax return, with a notable decrease from $2,237.50 in 2012 to $1,616.67 in 2013, followed by a steady climb to $1,980.00 by 2017. These variations can provide insight into the county's shifting property values and economic adjustments. This trend might interest potential investors and real estate agents, offering them a nuanced view on the taxation landscape, which can affect property affordability and investment returns. For appraisers and insurance agents, understanding these shifts can assist in effectively assessing property values and risk factors.
Percentage of Farm Returns in Hall County, TX Over the Last 10 Years
Over the past decade, Hall County, Texas has seen its percentage of farm returns hover around 12.00%-14.00%. The highest percentage was observed in 2017 at approximately 14.05%, while the lowest was in 2014, roughly 12.00%. This indicates a relatively stable agricultural economy in the region. For those interested in investing in, moving to, or developing property in Hall County, this stability in farm tax returns could signal a consistent agricultural base, which might be reassuring. Farm tax returns reflect the profitability and viability of farming operations, providing valuable insights for prospective stakeholders in the agricultural sector.
Number of Mortgages by Occupancy Type in Hall County, TX Over the Last 5 Years in Hall County
In Hall County, Texas, the trends in mortgage activity over the last five years show a clear dominance of principal residence mortgages, with notably fewer loans for investment properties and second residences. This is important because a higher proportion of principal residence mortgages generally indicates a stable, resident-driven housing market, which can be appealing for long-term investors and homeowners. Conversely, minimal growth in investment property loans could suggest limited interest from those looking to capitalize on rental or resale opportunities. For appraisers and insurance agents, the preponderance of principal residences typically reflects in lower vacancy rates and different risk profiles compared to areas with higher investment property activity. Real estate agents and developers might find opportunities in this stability but also face challenges enticing speculative buyers.
Economic Outlook
Hall County, Texas, has seen an overall modest upward trend in average taxable income per tax return, peaking at $44,208.73 in 2021 despite some dips, such as in 2016 with $34,967.77. On the tax liability front, the most significant rise occurred post-2015, nearing $9,230.00, only to drop sharply by 2016, followed by a more stable average between $5,690.00 and $6,300.00 from 2019 to 2021. This mix of growing income but fluctuating tax liabilities hints at a complex economic environment, which... Read more
Average Taxable Income per Tax Return in Hall County, TX over the last 9 years
Hall County, Texas, has experienced fluctuating average taxable income per tax return over the past nine years, with figures like $39,681.25 in 2013 and peaking at $44,208.73 in 2021. Although there were notable dips, such as in 2016 at $34,967.77, the overall trend suggests a modest upward movement. This pattern may attract potential investors or those planning to relocate, hinting at a gradually improving economic landscape. Real estate agents and appraisers in the county might find this data useful for assessing property values and market conditions, while insurance agents can leverage the income data to tailor their offerings.
Average Total Tax Liability Per Tax Return in Hall County, TX Over the Last 10 Years
Over the last decade in Hall County, Texas, there has been notable fluctuation in average tax liabilities. Post-2015 saw the highest rise reaching nearly $9,230.00. However, it drastically reduced by 2016, indicating possible changes in economic conditions or tax regulations. More recent years suggest less volatility, averaging around $5,690.00 to $6,300.00 from 2019 to 2021. These patterns may point to variable economic stability and tax policies impacting residents, important for anyone interested in understanding the financial landscape for investment, real estate, or tax planning in the county.
Cost of Living in Hall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,106 | $1,375 | $1,948 | $1,242 | $869 |
| 1 adult 4 children | $1,106 | $1,123 | $1,491 | $1,242 | $962 |
| 2 adults 3 children | $1,106 | $1,124 | $1,689 | $1,242 | $692 |
| 1 adult 3 children | $1,106 | $917 | $1,232 | $1,242 | $720 |
| 2 adults 2 children | $826 | $920 | $1,431 | $1,084 | $594 |
| 1 adult 2 children | $826 | $687 | $974 | $1,084 | $536 |
| 2 adults 1 child | $826 | $727 | $1,173 | $572 | $579 |
| 1 adult 1 child | $826 | $470 | $715 | $572 | $475 |
| 2 adults | $628 | $584 | $914 | $0 | $499 |
| 1 adult | $623 | $319 | $457 | $0 | $436 |
Safety trends & Data
Hall County, Texas has experienced a notable decrease in property crimes over the past four years. Burglary arrests dropped from 6.00 in 2018 to just 1.00 by 2020, and motor vehicle thefts fell from 5.00 in 2018 to 1.00 in 2021. While there were spikes in forgery and counterfeiting in 2018, these activities have not resurfaced recently. This trend might suggest improving safety and reduced property crime, which could be encouraging for potential investors and newcomers. The data also implies... Read more
Property Crime Trends in Hall County, TX Over the Last 4 Years
Over the past four years in Hall County, Texas, property crimes have shown a notable decrease, with burglary arrests dropping from 6.0 in 2018 to just 1.0 by 2020. Motor vehicle theft also decreased significantly, from 5.0 in 2018 to 1.0 in 2021. Despite spikes in forgery and counterfeiting in 2018, such activities have not resurfaced in recent years. These trends point to potentially improving safety and reduced property crime, which might be encouraging for potential investors and newcomers aiming for a more secure environment. The data could also imply evolving patterns in criminal behavior, necessitating updated approaches in law enforcement and community vigilance.
Demographics
Hall County, Texas shows a slight majority female population, with a nearly balanced gender ratio. Educational attainment skews toward high school graduates and those with some college education, indicating a focus on basic and mid-level education. Age distribution highlights a broad spectrum, with notable spikes in the senior populations, possibly implying a significant retiree community. Racial distribution data suggests a predominantly white demographic with some diversity, which might... Read more
Race Distribution in Hall County, Texas (2022)
Educational Attainment in Hall County, Texas (2022)
Age Distribution in Hall County, Texas
Citizen Population in Hall County, Texas (2022)
Political Trends & Data
Hall County, Texas, appears to have a strong conservative lean, as indicated by the 2020 U.S. Presidential Election results where about 85.1% of votes went to the Republican candidate. Democrats received around 14.4%, and third-party options barely made a dent with less than 0.5%. This voting pattern might reflect a deeply rooted conservative ideology, potentially influencing local policy and economic decisions, which can be crucial for understanding the real estate market dynamics in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hall County, Texas, seems to have shown a pronounced preference for the Republican party in the 2020 U.S. Presidential Election, with an estimated 85.1% of the votes. Democrats trailed significantly with approximately 14.4%, while third parties, including Libertarian and Green, collectively garnered less than 0.5%. These voting patterns might suggest a deeply entrenched conservative inclination within this region.
85.12% of voters voted for the Republican party in the 2020 Presidential Election
14.37% of voters voted for the Democrat party in the 2020 Presidential Election
0.34% of voters voted for the Livertarian party in the 2020 Presidential Election
0.09% of voters voted for the Green party in the 2020 Presidential Election
0.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hall County, Texas has seen its student-to-teacher ratio drop from around 11 in 2014 to just under 9 in 2023, which could be a big draw for families focused on education quality. With a student-to-teacher ratio significantly lower than the national average of 14, this shift might enhance the area's appeal to parents and boost long-term property values. Investors and real estate agents could see this as a positive trend for community growth and home... Read more
Student-to-teacher ratio in Hall County, Texas over the last 10 years
Hall County, Texas has experienced a consistent decrease in the student-to-teacher ratio over the past decade, moving from around 11 students per teacher in 2014 to just under 9 in 2023. This lower ratio suggests more individualized attention for students, potentially appealing to families prioritizing education quality. Compared to the US national average of 14 students per teacher, Hall County's figures could be attractive to parents looking for a more personalized learning environment for their children. Investors, real estate agents, and new residents might find this trend beneficial for long-term property values and community appeal, given the heightened emphasis on education quality.
