Hill County Real Estate and Livability Trends
Hill County, Texas, exhibits a generally upward trend in average taxable income per tax return, despite periodic dips, growing from $45,075.24 in 2013 to $62,040.33 in 2021. This complex financial landscape, marked by rising home values from $85,000 in 2015 to $142,000 in 2022, suggests potential for real estate investment and valuation shifts. The county has seen a notable rise in average... Read more
Hill County Market Trends
Hill County, Texas has seen a consistent increase in median home values over the past eight years, rising from $85,000 in 2015 to $142,000 in 2022, although this lags behind the Texas and national averages. Notably, the average residential energy tax credit per tax return in Hill County has surged, suggesting increased investment in energy-efficient home improvements, which could be attractive to... Read more
Median Value of Occupied Housing Units in Hill County, Texas Over the Last 8 Years
Hill County, Texas has seen a consistent increase in median home values over the past eight years, starting at $85,000 in 2015 and climbing to $142,000 by 2022. This local trend appears to be tracking behind both Texas and national averages, where Texas jumped from $136,000 to $238,000 and the national figures grew from $125,500 to $179,400 during the same period. Investors or potential homeowners in Hill County might find this region more affordable than other parts of Texas or the United States while still benefiting from steady property value appreciation.
Residential Energy Tax Credit Per Tax Return in Hill County, TX Over the Last 9 Years
Over the past nine years, Hill County, Texas has seen a notable upward trend in the average residential energy tax credit per tax return. Starting at $426.32 in 2013, the credit amount has progressively increased, peaking at $2026.67 in 2021. This growth suggests a rising investment in energy-efficient improvements by homeowners, which could be attractive to real estate investors and appraisers. For insurance agents and property developers, the emphasis on energy efficiency may imply a shift in building standards and potential reductions in hazards associated with less efficient homes. For residents or those considering moving, it's indicative of a community increasingly prioritizing energy sustainability.
Average Real Estate Taxes Per Tax Return in Hill County, TX Over the Last 10 Years
Hill County, Texas has seen a gradual increase in average real estate taxes over the last decade, with notable jumps particularly after 2017. From $3,365.56 per tax return in 2012, taxes steadily rose to $5,858.33 by 2021. Significant hikes, especially in 2018 and 2019, with averages reaching $5,194.00 and $5,856.00 respectively, could suggest increasing property values or changes in tax policies. Potential buyers, investors, and real estate professionals should consider these trends as indicative of a potentially appreciating market or shifting economic measures within the community.
Percentage of Farm Returns in Hill County, TX Over the Last 10 Years
Over the last decade, Hill County, Texas has seen a noticeable gradual decline in the percentage of farm returns, dipping from 10.30% in 2012 to 8.36% in 2021. Farm tax returns, which detail income and expenditures related to agricultural activities, are essential indicators of the economic health and productivity of the agricultural sector. This drop might suggest shifts in the county's agricultural economic landscape, potentially due to factors like changing agricultural practices, economic pressures, or diversification into other industries. For anyone looking to invest in or move to Hill County, these trends could imply a lessening reliance on traditional farming, which might present both opportunities and challenges depending on their objectives and interests.
Number of Mortgages by Occupancy Type in Hill County, TX Over the Last 5 Years in Hill County
Hill County, Texas has seen noticeable shifts in mortgage counts across different types of occupancy over the last five years. A significant uptick in the number of mortgages for principal residences, from 1,042 in 2018 to 1,746 in 2022, suggests growing demand for primary homes. The fluctuations in investment property mortgages, though more modest, highlight varied investor confidence or strategic shifts, ranging from 50 in 2020 to 83 in 2022. Changes in second residence mortgages also offer insights into possible lifestyle changes or economic factors; for instance, 47 in 2019 versus 43 in 2022. These dynamics are crucial for investors, real estate agents, and insurance agents, as they indicate market health, risk levels, and potential growth areas within the county.
Economic Outlook
Hill County, Texas has shown a generally upward trend in average taxable income per tax return, growing from $45,075.24 in 2013 to $62,040.33 in 2021, despite periodic dips in certain years. Average state and local income taxes have also fluctuated but increased overall, peaking at $6,800.00 in both 2019 and 2021. Total tax liability per tax return has seen significant shifts, with highs in 2017 ($8,272.20) and 2021 ($9,588.69). These trends suggest a complex financial landscape that could... Read more
Average Taxable Income per Tax Return in Hill County, TX over the last 9 years
Over a nine-year span, Hill County, Texas has experienced a fluctuating but generally upward trend in average taxable income per tax return. Starting at $45,075.24 in 2013, there was a notable increase to $62,040.33 in 2021. Periodic dips were observed, such as in 2016 and 2019, yet the overall trajectory suggests growing economic robustness. This trend could be a promising indicator for investors, appraisers, real estate agents, and others interested in the region's financial health and potential for development.
Average State and Local Income Taxes Per Tax Return in Hill County, TX Over the Last 10 Years
Over the last decade, Hill County, Texas has seen a fluctuating yet generally upward trend in average state and local income taxes per tax return, with notable spikes in 2017 at $5,390.91 and in 2018 reaching $6,066.67. The tax values continued to escalate, peaking at $6,800.00 in both 2019 and 2021. This trend suggests a rising tax burden that investors and residents might need to consider, possibly reflecting economic changes or policy adjustments within the county that could impact financial planning for those involved in the local property and real estate markets.
Average Total Tax Liability Per Tax Return in Hill County, TX Over the Last 10 Years
Over the past decade, Hill County, Texas has seen significant fluctuations in average total tax liability per tax return, with notable highs in 2017 ($8,272.20) and 2021 ($9,588.69), and a dip in 2016 ($7,047.46). These variations could reflect broader economic changes and local fiscal policies, impacting potential property investors and residents. With 2021 showing a sharp increase, professionals in real estate, insurance, and finance may want to closely monitor these trends as they might affect property valuations and tax planning.
Cost of Living in Hill County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,171 | $1,287 | $1,848 | $1,105 | $769 |
| 1 adult 4 children | $1,171 | $1,051 | $1,414 | $1,105 | $845 |
| 2 adults 3 children | $1,171 | $1,051 | $1,603 | $1,105 | $609 |
| 1 adult 3 children | $1,171 | $858 | $1,169 | $1,105 | $620 |
| 2 adults 2 children | $882 | $861 | $1,359 | $964 | $535 |
| 1 adult 2 children | $882 | $643 | $924 | $964 | $474 |
| 2 adults 1 child | $882 | $680 | $1,114 | $505 | $541 |
| 1 adult 1 child | $882 | $439 | $679 | $505 | $448 |
| 2 adults | $695 | $546 | $869 | $0 | $488 |
| 1 adult | $590 | $298 | $434 | $0 | $412 |
Safety trends & Data
Hill County, Texas, has experienced varied property crime trends over the past five years. Larceny-theft, which peaked at 91 cases in 2019 but has settled at 54 in 2022, shows some improvement. Burglary incidents have notably dropped from 17 in 2018 to just 9 in 2022. Motor vehicle thefts spiked at 14 in 2021 but then halved to 7 in 2022. Interestingly, fraud cases have risen from 5 in 2019 to 15 in 2022, posing a growing concern for potential investors and residents. These shifts can influence... Read more
Property Crime Trends in Hill County, TX Over the Last 5 Years
Hill County, Texas, has seen fluctuating trends in property crimes over the past five years. Larceny-theft consistently holds the highest numbers, peaking at 91 in 2019 but showing a decrease to 36 by 2021 and then slightly rising to 54 in 2022. Burglary incidents have reduced significantly from 17 in 2018 to 9 in 2022. Motor vehicle thefts saw an increase, peaking at 14 in 2021 before dipping to 7 in 2022. Fraud experienced a notable increase from 5 in 2019 to 15 in 2022, suggesting a growing concern for those investing or living in the area. Vandalism has remained relatively stable with minor fluctuations. Understanding these patterns is crucial for investors, real estate agents, and residents as they indicate underlying trends that may affect property values and insurance premiums.
Demographics
Hill County, Texas, shows a balanced gender distribution among its adult population with males and females nearly equal in number. The educational landscape reveals that high school graduates and those with some college experience form the largest segments, while relatively fewer residents have attained higher education degrees. Age distribution indicates a relatively larger proportion of the population in the 55-64 age bracket, possibly spotlighting a significant nearing-retirement... Read more
Race Distribution in Hill County, Texas (2022)
Educational Attainment in Hill County, Texas (2022)
Age Distribution in Hill County, Texas
Citizen Population in Hill County, Texas (2022)
Political Trends & Data
Hill County, Texas real estate trends could potentially be influenced by its political leanings, as seen in the 2020 U.S. Presidential Election where nearly 80% of the vote favored the Republican Party. This substantial preference might shape local policies, community initiatives, and development projects, possibly aligning with conservative values. Local market dynamics could also be reflective of these political influences, synchronizing with broader trends seen across... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hill County, Texas, the 2020 U.S. Presidential Election results showed a compelling lean towards the Republican Party, capturing nearly 80% of the votes. Democrats garnered closer to 19%, with minor party preferences barely notable. This trend might suggest a strong Republican foothold in the area, reflective of broader state-level trends in Texas.
79.87% of voters voted for the Republican party in the 2020 Presidential Election
19.15% of voters voted for the Democrat party in the 2020 Presidential Election
0.80% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
School Data
Hill County, Texas, has seen its student-to-teacher ratio fluctuate, starting around 11 students per teacher in 2014 and peaking at nearly 12.5 in 2019 before stabilizing between 11 and 11.5 in recent years. This consistently lower-than-average ratio compared to the national figure of 14 could suggest higher quality education, drawing in families and possibly making local property more desirable. For appraisers and insurance agents, this stable ratio may signal positive community aspects,... Read more
Student-to-teacher ratio in Hill County, Texas over the last 10 years
Hill County, Texas has experienced some fluctuations in its student-to-teacher ratio over the past decade. Starting at around 11 students per teacher in 2014, it saw slight variations, peaking at nearly 12.5 in 2019 before stabilizing in the range of 11 to 11.5 over the last few years. Compared to the national average of 14 students per teacher, Hill County consistently maintains smaller class sizes. This trend could indicate better quality education and more individualized attention for students, making it appealing for families considering relocation and possibly boosting the attractiveness of local property investments. For school appraisers and insurance agents, a stable or declining student-to-teacher ratio may reflect positive community aspects and lower risks, potentially impacting property values and insurance premiums favorably.
