Hamilton County Real Estate and Livability Trends
Hamilton County, Texas, has experienced a noticeable rise in average taxable income per tax return from $49,616.07 in 2013 to $119,416.27 in 2021, hinting at economic improvements appealing to investors. The affordable median home value at about $122,600 in 2022 makes it a compelling choice compared to the $238,000 state average. Real estate taxes have almost doubled from $3,814.89 in 2012 to... Read more
Hamilton County Market Trends
With Hamilton County's median home value at about $122,600 in 2022, it presents a significantly more affordable option compared to the broader Texas market at $238,000 and the national median of $179,400. This affordability might appeal to buyers looking for cost-effective investments. Fluctuations in residential energy tax credits, peaking at $1,133.33 in 2019, indicate rising interest in... Read more
Median Value of Occupied Housing Units in Hamilton County, Texas Over the Last 8 Years
With the median home value in Hamilton County, Texas reaching $122,600 in 2022, the area shows a slower growth trend compared to the broader Texas market, which saw values rise to $238,000. Nationally, the median home value climbed to $179,400 in the same year. This suggests that Hamilton County may offer more affordable investment opportunities and housing options relative to both the state and national levels, potentially attracting buyers looking for cost-effective alternatives within Texas. The fluctuations and relatively modest increase in median home value over the past eight years in Hamilton County could reflect local economic conditions and demand trends.
Residential Energy Tax Credit Per Tax Return in Hamilton County, TX Over the Last 7 Years
Hamilton County, Texas, has seen notable fluctuations in the average residential energy tax credit per tax return over the past seven years. In 2013, the credit averaged $400.00, taking a dip to $200.00 in 2014. The highest point was in 2019 with an average of $1,133.33, which suggests increased adoption of energy-efficient upgrades or enhancements during that period. From 2020 onwards, the average appears relatively consistent with figures hovering around $800.00 to $775.00. This pattern may interest potential investors and property developers, indicating a growing trend in energy-efficient investments in the county.
Average Real Estate Taxes Per Tax Return in Hamilton County, TX Over the Last 10 Years
Over the past decade, Hamilton County, Texas, has experienced significant fluctuations in average real estate taxes per tax return, reaching a low of around $3,814.89 in 2012 and climbing notably to $6,630.77 in 2021. The most noticeable increase appeared between 2017 and 2018, suggesting a potential shift in property assessments or local tax policies. Understanding these trends could be crucial for potential investors, current residents, or real estate professionals when evaluating long-term property costs in the area. If you’re considering purchasing property or moving to Hamilton County, these variable tax rates might impact your financial planning.
Percentage of Farm Returns in Hamilton County, TX Over the Last 10 Years
Hamilton County, Texas has seen a fluctuating trend in farm tax returns over the past decade. Starting at 20.60% in 2012, the percentage of farm returns saw minor fluctuations peaking at 21.11% in 2015 before dipping to its lowest at 18.65% in 2020 and slightly recovering to 19.17% in 2021. For those interested in agricultural investments or rural living, this could suggest variable farming profitability which should be considered in financial planning and investment strategies. In the context of Hamilton County, farm tax returns reflect the proportion of total tax filings that include farm income or expenses, indicating the area's engagement in agricultural activities. This might be particularly relevant for those looking to purchase farmland or invest in agricultural businesses in Hamilton County.
Number of Mortgages by Occupancy Type in Hamilton County, TX Over the Last 5 Years in Hamilton County
Hamilton County, Texas, shows fluctuating mortgage counts over the past five years, with principal residences consistently capturing the majority share, peaking in 2021 with 378 mortgages. Investment property mortgages reveal a more modest yet steady increase, highlighting burgeoning investor interest. Second residences, though sporadically low, indicate niche appeal. Shifts in occupancy types can signal changes in market dynamics, influencing decisions for investors, developers, and insurers who track demand and predict potential risks or growth in value areas.
Economic Outlook
Hamilton County, Texas, has seen an increase in average taxable income per tax return from $49,616.07 in 2013 to $119,416.27 in 2021, indicating potential economic growth and attractiveness for investors and real estate professionals. The recent dip in average state and local income taxes from $5,100.00 in 2014 to around $4,566.67 in 2017 could make the area more appealing due to lower living costs. Notably, there's been a sharp rise in average total tax liability, spiking to $30,977.29 in... Read more
Average Taxable Income per Tax Return in Hamilton County, TX over the last 9 years
Hamilton County, Texas, has experienced notable fluctuations in average taxable income per tax return over the past nine years. With a marked increase from $49,616.07 in 2013 to $119,416.27 in 2021, the data suggest economic growth and potential prosperity, which might be of particular interest to investors and real estate professionals. The substantial rise in 2021 hints at possible economic shifts, worth investigating for those considering property development or market entry. However, such a sharp increase also points to potential variability, necessitating cautious evaluation by appraisers and insurance agents.
Average State and Local Income Taxes Per Tax Return in Hamilton County, TX Over the Last 2 Years
Over the past two years, Hamilton County, Texas, has seen a noticeable decline in average state and local income taxes per tax return, dropping from $5,100.00 in 2014 to around $4,566.67 in 2017. This trend could be appealing for potential property investors or individuals looking to relocate, as lower taxes often translate to increased disposable income and potentially lower overall costs of living in the county. For real estate agents and those in property development, understanding this shift is critical since it may impact buyer interest and market dynamics in the area.
Average Total Tax Liability Per Tax Return in Hamilton County, TX Over the Last 10 Years
Over the past decade, Hamilton County, Texas has experienced notable fluctuations in its average total tax liability per tax return. Starting from $9,000.00 in 2012, there was a steady increase peaking in 2014 at $11,831.89 before stabilizing around $10,347.86 to $12,201.20 between 2015 and 2019. A significant spike was observed in 2020, reaching $14,651.15, with an incredible jump to $30,977.29 in 2021. This sharp increase could signal rising incomes or changes in tax structures, making it a critical point for investors, real estate agents, and new residents to consider.
Cost of Living in Hamilton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,071 | $1,219 | $1,973 | $1,174 | $788 |
| 1 adult 4 children | $1,071 | $995 | $1,510 | $1,174 | $868 |
| 2 adults 3 children | $1,071 | $995 | $1,711 | $1,174 | $626 |
| 1 adult 3 children | $1,071 | $813 | $1,249 | $1,174 | $665 |
| 2 adults 2 children | $880 | $815 | $1,450 | $1,024 | $589 |
| 1 adult 2 children | $880 | $609 | $987 | $1,024 | $519 |
| 2 adults 1 child | $880 | $644 | $1,188 | $539 | $571 |
| 1 adult 1 child | $880 | $416 | $725 | $539 | $475 |
| 2 adults | $674 | $517 | $926 | $0 | $500 |
| 1 adult | $663 | $282 | $463 | $0 | $445 |
Safety trends & Data
Hamilton County, Texas, has seen variable and unpredictable property crime trends over the last five years. Forgery and counterfeiting spiked in 2020 with 5 cases, while burglary incidents dropped from 3 in 2019 to none in 2022. Larceny-theft cases have remained relatively low, peaking at 4 in 2018. Despite a decrease in motor vehicle thefts in 2019, 2 cases were reported in 2021. These fluctuations are important for investors and real estate professionals to consider when assessing the... Read more
Property Crime Trends in Hamilton County, TX Over the Last 5 Years
Property crime trends in Hamilton County, Texas over the last five years display fluctuations in various crime categories. Notable spikes include forgery and counterfeiting peaking in 2020 with 5 cases, while incidents of burglary have subsided gradually from 3 arrests in 2019 to just one in 2021 and none reported in 2022. Larceny-theft cases varied but remained relatively low, with the highest being 4 cases in 2018. Although motor vehicle thefts were initially down in 2019, they resurfaced in 2021 with 2 cases. These shifts indicate variable and somewhat unpredictable property crime patterns, which potential investors, residents, and real estate professionals should keep in mind when considering the stability and safety of the area.
Demographics
Hamilton County, Texas, shows a male-to-female ratio that is almost balanced, indicative of a stable gender population. The age distribution suggests a mature demographic, with a noticeable concentration in the 55 to 64 and 65 to 74 age brackets, which might imply an aging community. When it comes to educational attainment, a significant portion of the population has completed high school or some college, but fewer have obtained a bachelor's degree or higher, suggesting potential areas for... Read more
Race Distribution in Hamilton County, Texas (2022)
Educational Attainment in Hamilton County, Texas (2022)
Age Distribution in Hamilton County, Texas
Citizen Population in Hamilton County, Texas (2022)
Political Trends & Data
Hamilton County, Texas, leans heavily Republican with the GOP potentially capturing over 83% of the vote in the 2020 U.S. Presidential Election. Democrats may find limited success, possibly securing around 15% of votes. Minor parties like the Libertarians and Greens could have minimal influence, garnering slightly more than 1% and less than 1% respectively. This political landscape might affect local policies and development strategies, making it a critical factor for potential real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hamilton County, Texas, tends to lean heavily Republican, with the Republican party potentially securing over 83% of the vote in the 2020 U.S. Presidential Election. Democrats could struggle to gain significant traction, as they might only gather around 15% of the vote. Minor parties like the Libertarians and Greens may not make a substantial impact, capturing slightly more than 1% and less than 1% of the vote, respectively.
83.11% of voters voted for the Republican party in the 2020 Presidential Election
14.73% of voters voted for the Democrat party in the 2020 Presidential Election
1.20% of voters voted for the Livertarian party in the 2020 Presidential Election
0.92% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hamilton County, Texas has consistently maintained a student-to-teacher ratio around 11 students per teacher, notably below the national average. This trend suggests more individualized attention for students, which could attract families and investors in residential properties. These educational benefits may impact property values, contribute to the area's overall appeal, and influence policy rates and development strategies in the... Read more
Student-to-teacher ratio in Hamilton County, Texas over the last 10 years
Hamilton County, Texas has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher over the last decade. The trend shows a slight fluctuation around an average of approximately 11 students per teacher, with 2023 being the most recent data point at about 11. This lower ratio generally suggests more individualized attention for students, which could be a significant factor for families considering relocating and for investors in residential properties. For appraisers and real estate agents, the educational environment contributes to the overall appeal of the area, potentially impacting property values. Insurance agents and those involved in building properties might also find this lower ratio indicative of a stable and possibly growing community, which can influence policy rates and development strategies.
