Hockley County Real Estate and Livability Trends
Hockley County, Texas has seen significant ups and downs in average taxable income, with peaks at $59,805.50 in 2021 and dips to $49,606.02 in 2016. This mirrors the fluctuating state and local income taxes, which hit $3,260.00 in 2014 before falling to $1,975.00 by 2017. Median home values have climbed steadily from $81,600 in 2015 to $110,800 in 2022, highlighting the area’s growth potential.... Read more
Hockley County Market Trends
Hockley County, Texas has seen its median home values steadily rise from $81,600 in 2015 to $110,800 in 2022, making it a budget-friendly market with growth potential compared to state and national levels. The surge in residential energy tax credits, peaking at $2,644.44 in 2021, suggests a growing investment in energy-efficient home upgrades, presenting opportunities for investors and builders... Read more
Median Value of Occupied Housing Units in Hockley County, Texas Over the Last 8 Years
Over the past eight years, Hockley County, Texas has experienced a steady rise in median home values, increasing from $81,600 in 2015 to $110,800 in 2022. This upward trend in home values might be appealing for potential investors and homebuilders seeking relatively less pricey yet appreciating markets. Compared to the Texas state median, which surged from $136,000 in 2015 to $238,000 in 2022, and the national median rising from $125,500 to $179,400 over the same period, Hockley County remains a more budget-friendly option. Buyers could find this market advantageous for its growth potential without the heftier price tags seen at the state and national levels.
Residential Energy Tax Credit Per Tax Return in Hockley County, TX Over the Last 9 Years
Residential energy tax credits in Hockley County, Texas have demonstrated significant growth over the past nine years, with a particularly notable spike in the last few years. The 2013 average credit per tax return was around $253.85, climbing steadily until a dramatic increase in 2018 to $766.67 and then peaking sharply in 2021 at $2,644.44. This trend indicates a growing emphasis and possibly higher investment in energy-efficient home upgrades among residents, which could be a compelling consideration for investors, builders, and real estate professionals looking to tap into a market increasingly valuing sustainability.
Average Real Estate Taxes Per Tax Return in Hockley County, TX Over the Last 10 Years
Over the last decade, real estate taxes per return in Hockley County, Texas have seen a notable increase, peaking in 2018 at $6,627.59, which is nearly double the figure in 2012. This substantial hike around 2017-2018 could possibly reflect a valuation shift or increased county expenditure passed onto homeowners. Though there has been a slight decline since the peak, the 2021 level of $5,357.69 still represents a marked rise from earlier years, suggesting a lasting upward trend. This information is crucial for potential investors, property developers, and those considering moving into the area, as it impacts cost calculations and long-term fiscal planning.
Percentage of Farm Returns in Hockley County, TX Over the Last 10 Years
Farm tax returns in Hockley County, Texas have seen some fluctuation over the last decade, oscillating between approximately 4.35% and 5.12%. The most notable dip occurred in 2020, where the percentage dropped to around 4.35%. This trend might indicate a subtle but notable decrease in farm profitability or reporting. For potential investors or property developers, understanding these figures could provide insights into the agricultural viability and economic conditions of the region. Those looking to move or invest may want to consider these factors when assessing the overall economic health and sustainability of local farming operations.
Number of Mortgages by Occupancy Type in Hockley County, TX Over the Last 5 Years in Hockley County
Hockley County, Texas has shown a consistent dominance of principal residence mortgages over the last five years, with principal residence counts peaking at 966 in 2021 and generally increasing from 2018 levels. Investment property mortgages have remained comparatively stable, hovering around the low 40s to low 50s mark. Meanwhile, second residences had minimal activity, never exceeding 12 mortgages in any given year. For investors, these trends suggest a focused demand for homes intended as primary residences, which might affect housing market stability and insurance considerations. For potential homeowners, the scarcity of second residences points to a community-centric residential pattern. Builders and real estate agents might infer a steady market for new primary homes, while appraisers and insurance agents should note that the market appears heavily driven by long-term residents rather than transient or investment-based ownership.
Economic Outlook
Hockley County, Texas, has seen notable fluctuations in its average taxable income per tax return over the past nine years, with highs of $57,009.65 in 2014 and $59,805.50 in 2021, and a noticeable dip to $49,606.02 in 2016. State and local income taxes have also varied, peaking at $3,260.00 in 2014 and dropping to $1,975.00 by 2017. Additionally, the average total tax liability per tax return hit a high of $10,059.69 in 2014 before dipping to $8,216.87 in 2016, and most recently settling at... Read more
Average Taxable Income per Tax Return in Hockley County, TX over the last 9 years
Over the past nine years, Hockley County, Texas has seen fluctuations in average taxable income per tax return, with noticeable peaks in 2014 and 2021, where values reached $57,009.65 and $59,805.50 respectively. A significant dip occurred in 2016, bringing the average down to $49,606.02. These variations may signal economic changes or shifts in the local job market, both critical for potential investors, real estate agents, and those looking to relocate. The general upward trend in recent years could be an indicator of economic improvement, making it a potentially attractive area for real estate development and investment.
Average State and Local Income Taxes Per Tax Return in Hockley County, TX Over the Last 6 Years
Over the past six years, Hockley County, Texas, has experienced fluctuating state and local income taxes per tax return. Peaking at $3,260.00 in 2014, and dropping to a low of $1,975.00 by 2017, these fluctuations could affect financial planning for potential investors and residents. This variability may also influence assessment strategies for appraisers, insurance agents, and real estate professionals looking to market or valuate properties in the area. The downward trend from 2014 to 2017 might suggest changes in local economic conditions or tax policies worth considering.
Average Total Tax Liability Per Tax Return in Hockley County, TX Over the Last 10 Years
Over the last decade, Hockley County, Texas has experienced some fluctuations in the average total tax liability per tax return, peaking at $10,059.69 in 2014 and seeing a notable dip to $8,216.87 in 2016. Most recently, the liability settled at $8,461.90 in 2021. These shifts could be an indicator of economic changes and can impact investment decisions, property values, and tax planning strategies in the county. For potential investors, real estate professionals, and local residents, understanding these trends may help in making more informed financial and property-related decisions.
Cost of Living in Hockley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,311 | $2,079 | $1,199 | $863 |
| 1 adult 4 children | $1,174 | $1,071 | $1,592 | $1,199 | $950 |
| 2 adults 3 children | $1,174 | $1,071 | $1,803 | $1,199 | $689 |
| 1 adult 3 children | $1,174 | $874 | $1,316 | $1,199 | $737 |
| 2 adults 2 children | $826 | $877 | $1,527 | $1,046 | $591 |
| 1 adult 2 children | $826 | $655 | $1,040 | $1,046 | $511 |
| 2 adults 1 child | $826 | $693 | $1,250 | $548 | $566 |
| 1 adult 1 child | $826 | $448 | $763 | $548 | $463 |
| 2 adults | $731 | $557 | $974 | $0 | $521 |
| 1 adult | $623 | $304 | $487 | $0 | $434 |
Safety trends & Data
Property crime trends in Hockley County, Texas, illustrate fluctuating patterns over the past five years. While larceny-theft has steadily declined from 34.0 incidents in 2018 to 17.0 in 2022, burglary incidents have shown more variation, with an increase to 11.0 in 2022 from a low point of 5.0 in 2019. Motor vehicle thefts have maintained a steady rate, peaking at 12.0 in 2022. Incidents of forgery and counterfeiting peaked at 12.0 in 2019 but settled at 9.0 in 2022. Vandalism cases decreased... Read more
Property Crime Trends in Hockley County, TX Over the Last 5 Years
Property crime trends in Hockley County, Texas, indicate variable patterns over the last five years, with larceny-theft consistently leading while showing a gradual decline from 34.0 incidents in 2018 to 17.0 in 2022. Burglary incidents saw a notable fluctuation, with a dip to 5.0 in 2019 and a rise to 11.0 in 2022. Motor vehicle thefts hovered around a steady rate, peaking at 12.0 in 2022. Incidents of forgery and counterfeiting showed inconsistency, spiking at 12.0 in 2019 before settling at 9.0 in 2022. Vandalism remained relatively steady, though slightly decreased with 10.0 cases in 2019 and 3.0 in 2022. For investors, insurers, and real estate professionals, these figures may suggest varying security needs and risk considerations when assessing property in the region.
Demographics
Hockley County, Texas, has an intriguing balance between male and female residents, with nearly equal figures for both genders. Almost half the adult population doesn't hold a college degree, indicating some room for educational development. Children under 10 years old represent the largest age group, suggesting a young population that promises growth in community services and education. The region is predominantly White, with minimal representation from Asian and Pacific Islander communities,... Read more
Race Distribution in Hockley County, Texas (2022)
Educational Attainment in Hockley County, Texas (2022)
Age Distribution in Hockley County, Texas
Citizen Population in Hockley County, Texas (2022)
Political Trends & Data
Hockley County in Texas leaned significantly Republican in the 2020 U.S. Presidential Election, suggesting an entrenched partisan preference. Democratic support seemed notably low, while third-party candidates like the Libertarian and Green parties garnered minimal votes, indicating limited appeal outside the major political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hockley County in Texas demonstrated a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, possibly reflecting broader regional trends. Democratic support appears notably lower, while Libertarian and Green party votes were minimal, suggesting limited traction for third-party candidates.
80.69% of voters voted for the Republican party in the 2020 Presidential Election
18.30% of voters voted for the Democrat party in the 2020 Presidential Election
0.75% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hockley County, Texas boasts a consistently low student-to-teacher ratio, dropping from 11.73 in 2016 to 10.62 in 2023, well below the national average of fourteen. This trend may signal higher educational quality and more individualized attention for students, which can be a significant draw for families. Real estate agents might find this appealing to market homes to education-focused buyers, while appraisers and insurance agents might view it as a value-adding attribute. Developers could... Read more
Student-to-teacher ratio in Hockley County, Texas over the last 10 years
Hockley County, Texas has consistently maintained a student-to-teacher ratio well below the national average of fourteen, fluctuating from 11.73 in 2016 to 10.62 in 2023. For those looking to invest in the area, this lower ratio could suggest more individualized attention for students and potentially higher education quality. For real estate agents, this trend may be appealing to families seeking better educational outcomes for their children. Appraisers and insurance agents might view a lower student-to-teacher ratio as a value-adding attribute for properties in the county, while developers could market new builds with an emphasis on access to more personalized education.
