Harris County Real Estate and Livability Trends
Harris County, Texas, showcases notable real estate trends, highlighted by a rise in median home values from $137,800 in 2015 to approximately $235,300 in 2022, outpacing state and national growth. Increased residential energy tax credits, jumping from $407.35 in 2013 to $2,143.88 in 2021, underline a growing focus on energy efficiency. Property taxes almost doubling to $11,529.25 in 2021 point... Read more
Harris County Market Trends
Harris County, Texas has experienced a significant rise in median home values from $137,800 in 2015 to $235,300 in 2022, outpacing both Texas and national growth rates. Residential energy tax credits also surged, from $407.35 in 2013 to $2,143.88 by 2021, highlighting a trend toward energy-efficiency. Real estate taxes have nearly doubled in a decade, reaching $11,529.25 in 2021, suggesting... Read more
Median Value of Occupied Housing Units in Harris County, Texas Over the Last 8 Years
Harris County, Texas has seen a steady increase in median home values over the past 8 years, starting at $137,800 in 2015 and reaching $235,300 in 2022. This growth outpaces both the state of Texas and national trends, where the median values for the same period increased from $136,000 to $238,000 and from $125,500 to $179,400, respectively. This upward trend suggests a robust housing market, making Harris County a potentially strong investment opportunity compared to broader state and national averages.
Residential Energy Tax Credit Per Tax Return in Harris County, TX Over the Last 9 Years
The average residential energy tax credit per tax return in Harris County, Texas has shown a notable increase over the past nine years. Starting at $407.35 in 2013, it steadily climbed, reaching a peak of $2,143.88 by 2021. This upward trend suggests a growing emphasis on energy-efficient home improvements, possibly driven by local incentives or rising energy costs. For those considering investment or development in Harris County, understanding these trends could highlight opportunities for incorporating energy-saving features in residential properties.
Average Real Estate Taxes Per Tax Return in Harris County, TX Over the Last 10 Years
Over the past decade, Harris County, Texas has experienced a notable increase in average real estate taxes per tax return. Starting at $5,992.55 in 2012, taxes have escalated dramatically, reaching $11,529.25 by 2021. This upward trend could be indicative of rising property values and an expanding tax base. For potential investors, real estate agents, and those considering moving to the county, this trend underscores the need to factor in significant property tax hikes when assessing long-term commitments and financial projections.
Percentage of Farm Returns in Harris County, TX Over the Last 10 Years
Over the past decade in Harris County, Texas, the percentage of farm tax returns has shown a slight downward trend, starting at 0.50% in 2012 and dipping to 0.40% by 2021. Farm tax returns—essentially the required filings for agricultural income and expenses—can indicate the vitality and scale of local farming operations. For prospective investors, urban developers, or potential new residents, this subtle decline might suggest a shift away from agricultural activities, hinting at increased urbanization or diversification of land use in the area. Understanding these shifts can provide valuable insights for economic planning and community development.
Number of Mortgages by Occupancy Type in Harris County, TX Over the Last 5 Years in Harris County
Mortgages for principal residences in Harris County, Texas, peaked at 242,767 in 2021 before dropping significantly to 151,246 in 2022, which might indicate shifting market conditions or economic changes impacting homebuyer sentiment. Investment property mortgages also saw a notable rise in 2021, reaching 18,512, but declined thereafter, suggesting fluctuating investor confidence or market saturation. Variations in second residence mortgages seem less pronounced but still showed a similar pattern. These trends can inform potential movers, investors, appraisers, and real estate professionals about the dynamic nature of property demand and market conditions in Harris County, helping them make more informed decisions about investment and property development strategies.
Economic Outlook
In Harris County, Texas, there's been a significant upward trend in average taxable income per tax return since 2016, peaking at $94,057.88 in 2021, possibly signaling enhanced economic prosperity and purchasing power. Concurrently, a rise in state and local income taxes to $25,841.06 in 2021 suggests an increasing tax burden that could influence investment decisions. Tax liability figures also showed fluctuations, with notable rebounds after 2016, reflecting shifts in the financial landscape.... Read more
Average Taxable Income per Tax Return in Harris County, TX over the last 9 years
Over the last nine years, Harris County, Texas has seen fluctuations in average taxable income per tax return, with notable increases starting after 2016. Despite a dip in taxable income during the 2016 year to $65,941.75, figures rebounded sharply, peaking at $94,057.88 in 2021. This upward trend is essential for potential investors, property buyers, and real estate agents as it may indicate growing economic prosperity and higher purchasing power among residents, making Harris County an attractive area for investment and development.
Average State and Local Income Taxes Per Tax Return in Harris County, TX Over the Last 10 Years
Harris County, Texas has seen a notable increase in average state and local income taxes per tax return over the past decade, with a dramatic rise from $13,975.54 in 2012 to $25,841.06 in 2021. This significant upward trend suggests a growing tax burden that could impact both cost of living and investment attractiveness. Anyone considering moving to or investing in real estate within the county should closely consider these financial implications.
Average Total Tax Liability Per Tax Return in Harris County, TX Over the Last 10 Years
Over the past decade in Harris County, Texas, average total tax liability per tax return showed notable fluctuations. Noteworthy are the significant drop in 2016 to $14,131.68 and the subsequent rise in 2017 to $19,245.66. Another increase was observed in 2021, reaching $19,577.52. These variations could be critical for anyone assessing the financial landscape for investment or property-related considerations in Harris County, providing a clearer picture of the economic environment and potential tax burden trends.
Cost of Living in Harris County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,679 | $1,351 | $1,717 | $1,688 | $1,053 |
| 1 adult 4 children | $1,679 | $1,103 | $1,311 | $1,688 | $1,188 |
| 2 adults 3 children | $1,679 | $1,104 | $1,490 | $1,688 | $868 |
| 1 adult 3 children | $1,679 | $901 | $1,085 | $1,688 | $992 |
| 2 adults 2 children | $1,274 | $904 | $1,264 | $1,469 | $712 |
| 1 adult 2 children | $1,274 | $675 | $858 | $1,469 | $706 |
| 2 adults 1 child | $1,274 | $714 | $1,038 | $757 | $667 |
| 1 adult 1 child | $1,274 | $461 | $632 | $757 | $576 |
| 2 adults | $1,068 | $574 | $811 | $0 | $559 |
| 1 adult | $1,004 | $313 | $406 | $0 | $487 |
Safety trends & Data
Harris County, Texas has seen notable shifts in property crime trends over the last five years. Arson incidents have risen, peaking at 91 in 2021, while larceny-theft dropped significantly in 2020 before surging back to 5,711 cases in 2022. Motor vehicle thefts are also up, hitting 1,058 in 2022. Vandalism has spiked to 1,649 incidents. These trends could impact the area's risk profile, making it crucial for investors and realtors to stay informed while insurance agents may find increased... Read more
Property Crime Trends in Harris County, TX Over the Last 5 Years
Harris County, Texas has experienced noticeable shifts in property crime trends over the last five years. Arson incidents have generally increased, peaking at 91 in 2021. Larceny-theft, although consistently high, saw a significant drop in 2020 before rebounding in 2022 with 5,711 cases. Motor vehicle thefts have been on the rise, reaching 1,058 in 2022. Meanwhile, embezzlement incidents remain low but somewhat stable, fluctuating between 12 and 58 cases. Vandalism has also increased, with a notable spike to 1,649 incidents in 2022. Investors and realtors should consider these patterns when evaluating the area’s risk profile, while insurance agents might see demand for comprehensive property coverage increase.
Demographics
Harris County, Texas showcases a vibrant and diverse population, with slightly more females than males. The age spread leans towards a younger demographic, particularly in the 25-34 age bracket, hinting at a dynamic workforce. Educational attainment varies significantly, with a notable portion holding a Bachelor’s degree or higher, yet a considerable number still not finishing high school. Racial diversity is quite prominent; a substantial segment of the population identifies as White or... Read more
Race Distribution in Harris County, Texas (2022)
Educational Attainment in Harris County, Texas (2022)
Age Distribution in Harris County, Texas
Citizen Population in Harris County, Texas (2022)
Political Trends & Data
In Harris County, Texas, the 2020 U.S. Presidential Election outcomes leaned Democratic with Democrats seemingly securing around 56% of the vote, while Republicans likely garnered close to 43%. Libertarians and Green Party candidates captured smaller fractions, with approximately 1% and 0.3% respectively. This competitive political landscape, with a slight Democratic tilt, might influence future electoral strategies and resource allocation in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Harris County, Texas, the 2020 U.S. Presidential Election saw Democrats possibly securing around 56% of the vote, while Republicans might have garnered close to 43%. Libertarians and Green Party candidates captured smaller fractions of the vote, with about 1% and 0.3% respectively. These numbers could suggest a competitive political landscape with a slight Democratic edge, potentially influencing future electoral strategies and resource allocation in the area.
42.70% of voters voted for the Republican party in the 2020 Presidential Election
55.96% of voters voted for the Democrat party in the 2020 Presidential Election
1.03% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
School Data
Harris County, Texas, has witnessed a notable shift in student-to-teacher ratios, which began at about 18 students per teacher in 2014 and reduced to roughly 15 by 2023. While these figures have historically been above the national average of 14, the recent decline indicates a move towards better educational quality. This trend may enhance property values and neighborhood desirability, providing valuable insights for real estate agents and appraisers assessing the local... Read more
Student-to-teacher ratio in Harris County, Texas over the last 10 years
Harris County, Texas, has seen fluctuations in student-to-teacher ratios over the past decade, starting at nearly 18 students per teacher in 2014 and dropping to around 15 by 2023. These ratios have been consistently higher than the national average of 14 students per teacher, though recent years show a decline that brings the county closer to this benchmark. For potential investors or those considering a move, a lower student-to-teacher ratio could indicate improving education quality, potentially affecting property values and community desirability. Real estate agents and appraisers may find these trends useful as they assess the attractiveness of local neighborhoods.
