Hardeman County Real Estate and Livability Trends
Hardeman County, Texas, shows intriguing real estate market trends with median home values rising from $45,600 in 2015 to $65,800 in 2022, still below state and national medians. This affordability aspect could catch the eye of buyers seeking lower-cost investments. Despite inconsistencies in real estate taxes, peaking at $3,050.00 in 2019 and dropping to $2,150.00 by 2021, principal residences... Read more
Hardeman County Market Trends
In Hardeman County, Texas, median home values have risen from $45,600 in 2015 to $65,800 in 2022, still notably below state and national medians of $238,000 and $179,400, respectively. This affordability could attract buyers seeking lower-cost property investments. Real estate taxes have shown inconsistencies, peaking at $3,050.00 in 2019 but dropping to $2,150.00 by 2021, which might point to... Read more
Median Value of Occupied Housing Units in Hardeman County, Texas Over the Last 8 Years
Over the past eight years, Hardeman County, Texas has seen its median home values fluctuate, ultimately rising from $45,600 in 2015 to $65,800 in 2022. Despite this increase, home values in Hardeman County are significantly lower compared to the state median of $238,000 and the national median of $179,400 in 2022. This sharp contrast could make Hardeman County an attractive option for those looking to invest or purchase property without the higher costs seen in other parts of Texas and the U.S. The growth might hint at emerging opportunities or changing dynamics within the local real estate market.
Average Real Estate Taxes Per Tax Return in Hardeman County, TX Over the Last 8 Years
In Hardeman County, Texas, there's been a noticeable fluctuation in real estate taxes per tax return over the past eight years, peaking significantly in 2019 at $3,050.00. Although the average taxes hit $2,383.33 in 2016, they subsequently dropped to $2,150.00 by 2021. This trend suggests some inconsistencies likely influenced by local economic factors, making it crucial for prospective investors, real estate agents, and property developers to consider the underlying market dynamics and potential tax implications when dealing in this area.
Percentage of Farm Returns in Hardeman County, TX Over the Last 10 Years
The percentage of farm returns in Hardeman County, Texas has fluctuated over the last decade, ranging from 11.53% in 2020 to a peak of 14.55% in 2013. There was a noticeable decline between 2013 and 2014, dropping from 14.55% to 12.73%, and a more gradual decrease followed, bottoming out in 2020. Farm tax returns indicate the portion of total tax returns filed that are associated with agricultural activities, which can serve as a financial health barometer of the local agricultural sector. These trends could suggest varying economic conditions for farmers in the county, possibly impacting decisions for potential investors, developers, or new residents interested in rural property development or agricultural ventures.
Number of Mortgages by Occupancy Type in Hardeman County, TX Over the Last 5 Years in Hardeman County
Hardeman County, Texas has seen fluctuating trends in mortgage counts over the last five years, with principal residences consistently dominating the market. Investment properties and second residences have shown comparatively minimal activity. Changes in occupancy type may influence investment decisions, affecting property values and insurance premiums. Additionally, a high number of principal residences can signal stability and potentially attract more businesses and services to the area, while shifts towards investment properties might indicate growing investor interest, possibly leading to increased competition and higher property prices.
Economic Outlook
Hardeman County, Texas, has seen fluctuating average taxable incomes per tax return over the past nine years, peaking at $47,511.25 in 2021 from a low of $35,135.63 in 2016. This pattern hints at a gradually recovering economy, making the area potentially attractive to investors and developers looking for growth opportunities. Meanwhile, variations in average total tax liabilities, such as peaks in 2013 at $6,774.11 and steadier figures around $6,051.24 in 2021, reflect changing economic... Read more
Average Taxable Income per Tax Return in Hardeman County, TX over the last 9 years
Hardeman County, Texas has seen fluctuating average taxable incomes per tax return over the past nine years. Income peaked at around $47,511.25 in 2021, showing an overall upward trend from the low in 2016 at $35,135.63. This variability suggests a slowly recovering local economy, which might entice investors and developers who see potential for growth in the region. Real estate agents and insurance assessors could find the rising income levels indicative of a stabilizing market, potentially impacting property values and insurance premiums.
Average Total Tax Liability Per Tax Return in Hardeman County, TX Over the Last 10 Years
Over the last 10 years, Hardeman County, Texas has seen fluctuations in average total tax liability per tax return. Notable peaks occurred in 2013 with an average of $6774.11 and more steady figures around 2021 with $6051.24. The lowest point was in 2015, reaching $5467.26. These trends might suggest varying economic conditions and tax policies impacting taxpayers differently each year. Prospective investors and real estate stakeholders could consider these tax liability shifts as indicative of broader financial patterns in the county.
Cost of Living in Hardeman County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,157 | $1,331 | $2,285 | $1,109 | $896 |
| 1 adult 4 children | $1,157 | $1,087 | $1,751 | $1,109 | $975 |
| 2 adults 3 children | $1,157 | $1,087 | $1,980 | $1,109 | $712 |
| 1 adult 3 children | $1,157 | $888 | $1,447 | $1,109 | $724 |
| 2 adults 2 children | $826 | $890 | $1,676 | $968 | $594 |
| 1 adult 2 children | $826 | $665 | $1,142 | $968 | $519 |
| 2 adults 1 child | $826 | $704 | $1,372 | $510 | $584 |
| 1 adult 1 child | $826 | $454 | $838 | $510 | $469 |
| 2 adults | $628 | $565 | $1,067 | $0 | $511 |
| 1 adult | $623 | $308 | $534 | $0 | $441 |
Safety trends & Data
Recent data suggests that Hardeman County, Texas has experienced minimal and varied property crime activity over the past two years. For instance, 2018 recorded 3.00 larceny-theft occurrences, and 2020 saw just a single instance of burglary. This sporadic crime pattern may interest investors, insurers, and real estate professionals, either due to the potential for improved local security measures or as a selling point highlighting the area's relatively low crime... Read more
Property Crime Trends in Hardeman County, TX Over the Last 2 Years
Recent data indicates minimal yet varied property crime activity in Hardeman County, Texas over the past two years. In 2018, larceny-theft occurrences were recorded at 3.00, while 2020 saw a single instance of burglary. This sporadic pattern suggests potential for investors, insurers, and real estate professionals to note possible areas of improvement in local security or highlight the relatively low crime rate as a selling point for prospective property buyers and residents.
Demographics
Hardeman County, Texas, displays intriguing demographic characteristics, suggesting its adult population skews slightly male with 1,444 men to 1,196 women. Residents' educational attainment spans widely, though a considerable number seem to have not pursued higher education beyond high school. Age distribution in Hardeman County appears fairly balanced across age groups, with notable peaks in the 35 to 64-year bracket. The racial composition is predominantly White, which might reflect regional... Read more
Race Distribution in Hardeman County, Texas (2022)
Educational Attainment in Hardeman County, Texas (2022)
Age Distribution in Hardeman County, Texas
Citizen Population in Hardeman County, Texas (2022)
Political Trends & Data
Hardeman County, Texas strongly leaned towards the GOP in the 2020 Presidential Election, with around 84% of votes likely going to Republicans. Democrats potentially received only 15%, and the Libertarian party attracted just a small fraction of the remaining votes. This trend indicates a significant Republican presence and minimal competition from other parties in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hardeman County, Texas saw an overwhelming lean towards the Republican party in the 2020 Presidential Election, with about 84% of votes possibly going to the GOP. In stark contrast, Democrats perhaps only received around 15% of the vote, and the Libertarian party garnered just a small fraction of the remaining votes. This trend could suggest a strong Republican presence and limited competition from other parties within the county.
84.18% of voters voted for the Republican party in the 2020 Presidential Election
15.25% of voters voted for the Democrat party in the 2020 Presidential Election
0.57% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Hardeman County, Texas, student-to-teacher ratios have consistently ranged between 7 and 11 over the past decade, significantly lower than the national average of 14. This trend suggests smaller class sizes, appealing to families seeking individualized attention for their children. Investors could see this as indicative of a stable or growing demand for education-related services. Real estate agents might leverage these figures as a selling point, while appraisers and insurance agents could... Read more
Student-to-teacher ratio in Hardeman County, Texas over the last 10 years
Over the past ten years, Hardeman County, Texas has seen a consistently lower student-to-teacher ratio compared to the national average of 14, with fluctuations between 7 and 11 students per teacher. This trend may indicate smaller class sizes, which could appeal to families looking for more individualized attention for their children. For investors, lower ratios could signal a stable or possibly increasing demand for education-related services, while real estate agents might use this as a selling point for properties in the area. Appraisers and insurance agents could also see these figures as indicators of a well-supported community, potentially affecting property valuations and risk assessments. Those considering moving to or already living in Hardeman County might find these lower ratios reflective of the county’s commitment to education.
