Hidalgo County Real Estate and Livability Trends
Hidalgo County, Texas, has witnessed a rise in median home values from $79,200 in 2015 to $112,700 in 2022, making it an affordable housing investment option despite remaining below state and national averages. The jump in the average residential energy tax credit per tax return, from $609.51 in 2013 to $2314.28 in 2021, underscores a growing interest in energy-efficient homes. Real estate taxes... Read more
Hidalgo County Market Trends
Median home values in Hidalgo County, Texas, have risen from $79,200 in 2015 to $112,700 in 2022, yet still remain below state and national averages, making it a potentially attractive option for more affordable housing investments. Over the past nine years, there has been a dramatic rise in the average residential energy tax credit per tax return, from $609.51 in 2013 to $2314.28 in 2021,... Read more
Median Value of Occupied Housing Units in Hidalgo County, Texas Over the Last 8 Years
Median home values in Hidalgo County, Texas have seen consistent growth over the last eight years, increasing from $79,200 in 2015 to $112,700 in 2022. This rise, while significant, still places the county below both the Texas and national averages for the same period. For context, Texas saw home values climb from $136,000 to $238,000, and nationally, values increased from $125,500 to $179,400. This trend potentially positions Hidalgo County as an attractive option for those looking to invest or move to a more affordable area within Texas, particularly given the steady appreciation without the steeper price jumps seen statewide and nationally.
Residential Energy Tax Credit Per Tax Return in Hidalgo County, TX Over the Last 9 Years
Over the last nine years, Hidalgo County, Texas, has seen a notable increase in the average residential energy tax credit per tax return. Starting at around $609.51 in 2013 and steadily rising to approximately $2314.28 in 2021, this trend suggests a growing investment in energy-efficient home improvements. For investors, builders, and real estate agents, this pattern may indicate a heightened consumer focus on sustainable living, likely driving demand for energy-efficient properties. Insurers and appraisers might also find these insights valuable as they assess property values and risks associated with modern energy-efficient homes.
Average Real Estate Taxes Per Tax Return in Hidalgo County, TX Over the Last 10 Years
Over the past decade in Hidalgo County, Texas, average real estate taxes per tax return have shown a steady upward trend. Starting at approximately $4,153.57 in 2012, they rose slightly each year, reaching around $4,441.36 by 2017. However, a significant jump occurred in 2018, with averages hitting roughly $5,896.57, continuing to climb to about $6,434.84 by 2021. This escalation suggests increasing property values or tax rates, which could impact investment decisions and housing costs in the area.
Percentage of Farm Returns in Hidalgo County, TX Over the Last 10 Years
Hidalgo County, Texas has shown a notable increase in the percentage of farm tax returns over the last decade, moving from around 0.84% in 2012 to approximately 1.29% in 2021. The upward trend, peaking notably in 2021, could indicate a growing agricultural sector, which might appeal to investors looking at farmland or agribusiness opportunities. For those considering moving to or investing in property within the county, this growth suggests a thriving agricultural community which could positively impact local economies and real estate values. Farm tax returns typically provide insights into the number of individuals or entities reporting income from farming activities, thus acting as a useful indicator of the region's economic health and focus on agriculture. This growth in farm returns might offer a promising outlook for agricultural development and related industries within Hidalgo County.
Number of Mortgages by Occupancy Type in Hidalgo County, TX Over the Last 5 Years in Hidalgo County
In Hidalgo County, Texas, over the past five years, there's been a noticeable trend in mortgage counts, especially in principal residences, which consistently outnumber those for investment and second properties. The count for principal residences peaked in 2021 before dipping in 2022, possibly reflecting broader economic conditions or housing market dynamics. These changes in occupancy type could signal shifts in demand or investment interest, which are crucial for investors, real estate agents, and insurance agents to monitor. For those considering moving to Hidalgo County or appraising property, understanding these trends may aid in making informed decisions about future housing market conditions and property values.
Economic Outlook
Hidalgo County, Texas, has seen a rise in average taxable income per tax return, climbing from $37,267.82 in 2013 to $45,235.56 in 2021, which indicates potential growth in property values. The fluctuating average state and local income taxes, spiking to $4,693.44 in 2020, could impact investment attractiveness due to changing tax burdens. Meanwhile, average total tax liabilities have hovered between $5,500 and $6,500, with a notable peak at $6,451.06 in 2021, possibly reflecting economic or... Read more
Average Taxable Income per Tax Return in Hidalgo County, TX over the last 9 years
Over the past nine years, Hidalgo County, Texas has seen a gradual increase in average taxable income per tax return, rising from $37,267.82 in 2013 to $45,235.56 in 2021. This suggests a steady improvement in the economic conditions, which potentially translates to a stronger local economy and increasing property values. Despite minor fluctuations, the general upward trend may indicate favorable conditions for real estate investment and could influence property appraisals, insurance premiums, and overall market confidence.
Average State and Local Income Taxes Per Tax Return in Hidalgo County, TX Over the Last 10 Years
The average state and local income taxes per tax return in Hidalgo County, Texas have exhibited considerable fluctuations over the last decade. Starting from around $2,898.68 in 2012, there was a decrease to $2,417.11 by 2015. However, from 2018 onwards, there was a noticeable uptick, peaking at approximately $4,693.44 in 2020 before seeing a slight dip to $4,638.67 in 2021. This varied trend might interest potential investors, appraisers, and real estate professionals who need to consider the evolving tax landscape's impact on economic decisions and property values.
Average Total Tax Liability Per Tax Return in Hidalgo County, TX Over the Last 10 Years
Over the past decade, Hidalgo County, Texas has experienced fluctuating average total tax liabilities per tax return, with figures generally hovering between $5,500 and $6,500. The most notable spike occurred in 2021, with an average liability of $6,451.06, potentially signaling economic shifts or policy changes affecting taxpayers. Understanding these trends can be crucial for real estate agents and investors as they provide insights into the county’s economic landscape and potential tax implications for property investments.
Cost of Living in Hidalgo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,141 | $1,239 | $1,624 | $1,247 | $681 |
| 1 adult 4 children | $1,141 | $1,012 | $1,240 | $1,247 | $749 |
| 2 adults 3 children | $1,141 | $1,012 | $1,411 | $1,247 | $549 |
| 1 adult 3 children | $1,141 | $826 | $1,026 | $1,247 | $541 |
| 2 adults 2 children | $877 | $828 | $1,197 | $1,085 | $490 |
| 1 adult 2 children | $877 | $619 | $812 | $1,085 | $435 |
| 2 adults 1 child | $877 | $655 | $983 | $559 | $494 |
| 1 adult 1 child | $877 | $423 | $598 | $559 | $416 |
| 2 adults | $693 | $526 | $769 | $0 | $445 |
| 1 adult | $689 | $287 | $385 | $0 | $413 |
Safety trends & Data
Hidalgo County, Texas has seen significant fluctuations in property crime over the past five years, affecting larceny-theft, burglary, and vandalism. Larceny-theft decreased drastically from 2,854 incidents in 2018 to 918 in 2021 but rose again in 2022. Burglary rates dipped during the pandemic, hitting 151 in 2021, before a minor rise to 220 in 2022. Vandalism also declined overall from 347 cases in 2018 to 206 in 2021, though it saw a slight uptick last year. These trends could influence... Read more
Property Crime Trends in Hidalgo County, TX Over the Last 5 Years
Hidalgo County, Texas has experienced notable fluctuations in property crime over the past five years. Larceny-theft is persistently high, though it has seen a dramatic decrease from 2018's 2,854 incidents to 918 in 2021, before climbing back up in 2022. Burglary rates have also trended down, especially during the peak pandemic year of 2020, dropping to 151 in 2021, but saw a slight resurgence in 2022 to 220. Vandalism has shown a general decline from 347 cases in 2018 to 206 in 2021, yet reversed course slightly in 2022. Motor vehicle thefts have remained relatively stable, with minor yearly variations. These shifts could impact property valuations, insurance premiums, and real estate investment strategies in the region.
Demographics
The adult population in Hidalgo County, Texas, reflects a fairly balanced gender distribution with a slight majority of females over males. When considering educational attainment, it seems there might be a considerable segment of the population with less than a high school education, which could influence the county's workforce dynamics. Meanwhile, the age distribution skews younger, particularly with a substantial population under 35 years, hinting at potential long-term population growth and... Read more
Race Distribution in Hidalgo County, Texas (2022)
Educational Attainment in Hidalgo County, Texas (2022)
Age Distribution in Hidalgo County, Texas
Citizen Population in Hidalgo County, Texas (2022)
Political Trends & Data
Hidalgo County, Texas, leaned significantly toward the Democratic Party in the 2020 U.S. Presidential Election, with about 58% of the votes, while the Republican Party received roughly 41%. Third-party candidates made negligible impact, raking in less than 1% altogether. This potential trend away from a historically conservative stance could hint at evolving political dynamics in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hidalgo County, Texas, exhibited a leaning toward the Democratic Party in the 2020 U.S. Presidential Election, with approximately 58% of the votes. The Republican Party garnered around 41%, suggesting a significant yet smaller base of support. Third-party candidates, including Libertarian and Green parties, had minimal impact, collectively receiving less than 1% of the vote. This shift could imply changing political dynamics in historically conservative regions.
40.98% of voters voted for the Republican party in the 2020 Presidential Election
58.04% 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
0.39% of voters voted for the Green party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Hidalgo County, Texas has consistently hovered above the national average of 14 students per teacher over the past decade, typically ranging between 15 and 16 students per teacher, with a slight dip to 14.77 in 2022. This ratio matters for those considering education quality in their real estate decisions, as larger class sizes can impact student performance and teacher workload. For appraisers and insurance agents, these education trends offer extra layers of... Read more
Student-to-teacher ratio in Hidalgo County, Texas over the last 10 years
Over the past decade, the student-to-teacher ratio in Hidalgo County, Texas has mostly hovered above the national average of 14 students per teacher. Notably, it remained consistently between 15 and 16 students per teacher from 2014 to 2021, with a slight dip to 14.77 in 2022. However, in 2023, the ratio increased again to 15 students per teacher. These fluctuations in the student-to-teacher ratio may be pivotal for those considering education quality as a factor for investment, relocation, or real estate decisions. A higher ratio often signals larger class sizes, which can affect student performance and teacher workload, while a lower ratio might indicate more personalized attention in classrooms. For appraisers and insurance agents, such education trends provide additional context when assessing property values and potential risks in the area. Understanding these dynamics helps build a comprehensive picture for stakeholders involved in the local real estate and education sectors.
