Hood County Real Estate and Livability Trends
Hood County, Texas, offers intriguing investment opportunities with median home values leaping from $153,000 in 2015 to $249,400 in 2022, significantly outpacing state and national trends. This surge hints at increased local demand and profitability potential. Additionally, rising average taxable incomes and doubling property taxes suggest economic growth and higher property values, making the... Read more
Hood County Market Trends
Hood County's median home values skyrocketed from $153,000 in 2015 to $249,400 in 2022, notably outpacing both Texas and national growth rates, hinting at increased local demand and a potentially profitable market for real estate investors. Residential energy tax credits have fluctuated significantly, with a peak of around $3,490.00 in 2018 and settling at $2,141.86 by 2021, suggesting... Read more
Median Value of Occupied Housing Units in Hood County, Texas Over the Last 8 Years
Hood County's median home values surged to $249,400 in 2022 from $153,000 in 2015, outpacing both Texas and national growth rates. Texas saw an increase from $136,000 to $238,000, while national figures grew from $125,500 to $179,400 over the same period. This implies a thriving local real estate environment for potential investors, suggesting increased demand and a potentially lucrative market.
Residential Energy Tax Credit Per Tax Return in Hood County, TX Over the Last 9 Years
Residential energy tax credit trends in Hood County, Texas exhibit significant variability over the past nine years. Average credits ranged from about $428.85 in 2013 to an unexpected high of approximately $3,490.00 in 2018, indicating a substantial increase and fluctuation in claimed credits. Notably, the spike in 2018 suggests a temporary rise possibly tied to policy changes or increased adoption of energy-efficient home upgrades. By 2021, credits settled at around $2,141.86, still notably higher than earlier years. Such dynamics are critical for investors, real estate agents, and homeowners considering energy-efficient upgrades due to potential tax benefits and long-term savings on energy costs.
Average Real Estate Taxes Per Tax Return in Hood County, TX Over the Last 10 Years
In Hood County, Texas, average real estate taxes per tax return have shown a consistent upward trend over the past decade. Starting from around $3,944.78 in 2012, these taxes have steadily increased to approximately $7,138.91 by 2021. This considerable rise in real estate taxes could reflect escalating property values, making the area potentially more costly for prospective property buyers. Such data is essential for investors, real estate agents, and insurance agents who need to account for increasing taxes in their financial assessments and long-term planning.
Percentage of Farm Returns in Hood County, TX Over the Last 10 Years
Hood County, Texas has seen a gradual decline in the percentage of farm returns over the last decade. Starting at about 4.87% in 2012 and dropping to approximately 3.80% by 2021, this trend indicates a potential reduction in farm-based economic activity or reporting within the area. Farm tax returns generally represent the share of local tax filings tied to agricultural businesses, providing insight into the agricultural economy's vitality. Investors or new residents considering Hood County should take note of this downturn, as it might influence decisions related to agricultural investments, land development, or understanding broader economic shifts within the county.
Number of Mortgages by Occupancy Type in Hood County, TX Over the Last 5 Years in Hood County
In Hood County, Texas, the number of mortgages for principal residences consistently makes up the bulk of financing, peaking at over 5,500 in 2020 before dropping to around 3,600 in 2022. Investment property and second residence mortgages have remained relatively stable but significantly lower, with second residences seeing a noticeable decline in 2022. These shifts in occupancy types can influence market dynamics, property values, and development strategies. For investors, a higher volume of principal residence mortgages might suggest a stable and desirable residential market. Real estate agents and developers may need to consider these trends for project feasibility and targeting the right buyer segments. Appraisers and insurance agents might also find these trends relevant for risk assessment and valuation perspectives.
Economic Outlook
Hood County, Texas, has experienced a significant rise in average taxable income per tax return, increasing from about $65,564.99 in 2013 to roughly $91,374.19 in 2021. This trend may indicate economic growth and bolstered financial stability among residents, appealing to investors and real estate professionals. Additionally, average total tax liability per tax return has climbed from approximately $11,509.10 in 2012 to around $15,779.60 by 2021, which could imply rising incomes and property... Read more
Average Taxable Income per Tax Return in Hood County, TX over the last 9 years
Hood County, Texas has seen a notable increase in average taxable income per tax return over the past nine years, jumping from approximately $65,564.99 in 2013 to around $91,374.19 in 2021. This upward trend could be attractive for investors and real estate professionals, suggesting potential economic growth and increased financial stability among residents. With income levels rising, appraisers and insurance agents might anticipate higher property valuations and insured amounts, indicating a stronger local market.
Average State and Local Income Taxes Per Tax Return in Hood County, TX Over the Last 10 Years
Over the past decade, Hood County, Texas, has seen significant fluctuations in average state and local income taxes per tax return. Notably, taxes peaked in 2020 at $12,809.52 before slightly decreasing to $12,305.26 in 2021. The sharp increases in certain years, such as 2015 and 2018, suggest a dynamic fiscal environment that could impact financial planning for both current residents and prospective investors. This variability may reflect broader economic trends or changes in local tax policies, making it crucial for stakeholders to stay informed about potential tax liabilities.
Average Total Tax Liability Per Tax Return in Hood County, TX Over the Last 10 Years
Over the last decade, Hood County, Texas has shown a general upward trend in the average total tax liability per tax return, starting from around $11,509.10 in 2012 and reaching approximately $15,779.60 by 2021. This significant increase might hint at rising incomes or property values, making it an attractive spot for investors and real estate agents looking to capitalize on a growing market. Insurance agents and property appraisers may also find this upward trend useful for forecasting future premiums and property valuations. Overall, this data could be crucial for anyone considering building or moving to Hood County, as it might suggest economic growth and increasing demand for housing and services.
Cost of Living in Hood County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,473 | $1,311 | $2,121 | $1,570 | $1,097 |
| 1 adult 4 children | $1,473 | $1,071 | $1,625 | $1,570 | $1,241 |
| 2 adults 3 children | $1,473 | $1,071 | $1,839 | $1,570 | $911 |
| 1 adult 3 children | $1,473 | $874 | $1,343 | $1,570 | $1,022 |
| 2 adults 2 children | $1,210 | $877 | $1,557 | $1,371 | $775 |
| 1 adult 2 children | $1,210 | $655 | $1,061 | $1,371 | $778 |
| 2 adults 1 child | $1,210 | $693 | $1,275 | $724 | $728 |
| 1 adult 1 child | $1,210 | $448 | $779 | $724 | $605 |
| 2 adults | $992 | $557 | $993 | $0 | $594 |
| 1 adult | $831 | $304 | $497 | $0 | $482 |
Safety trends & Data
In Hood County, Texas, over the past five years, property crime trends have shown that larceny-theft stands out with 128 incidents in 2022. Burglary has been less consistent, reaching 15 instances in 2021 and dropping to 5 in 2022. Motor vehicle theft and fraud have been relatively stable, while vandalism saw minor changes. Although arson cases were noted in 2020 and 2022, they remain infrequent. These fluctuations could provide valuable insights for investors, insurers, and real estate... Read more
Property Crime Trends in Hood County, TX Over the Last 5 Years
Over the past five years in Hood County, Texas, larceny-theft has consistently emerged as the most frequent property crime, peaking at 128 incidents in 2022. Burglary numbers have fluctuated, with 2021 seeing a high of 15 instances and a notable drop to 5 in 2022. Motor vehicle theft and fraud have shown relative stability, while vandalism has seen minor variations. Interestingly, cases of arson were recorded in 2020 and 2022 but remain infrequent. These patterns could inform decisions for potential investors, insurers, and real estate professionals considering this region.
Demographics
Hood County, Texas boasts a nearly balanced gender ratio among adults, with men slightly outnumbering women. Educational attainment is diversified, showing a notable portion of the population achieving a high school diploma or some college experience, yet a significant share possesses a bachelor’s or higher degree. The age distribution suggests a large percentage of residents are approaching retirement, which might impact local businesses and healthcare services. Racial diversity is... Read more
Race Distribution in Hood County, Texas (2022)
Educational Attainment in Hood County, Texas (2022)
Age Distribution in Hood County, Texas
Citizen Population in Hood County, Texas (2022)
Political Trends & Data
Hood County, Texas saw a notable inclination towards Republican candidates during the 2020 U.S. Presidential Election, with an estimated 81% of votes leaning Republican compared to just 17% for Democrats. Third parties like Libertarian and Green saw minimal support, each drawing less than 1% of the vote. This political landscape hints at a strong Republican presence, potentially influencing various aspects of life and policy in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hood County in Texas showed a striking preference for the Republican party during the 2020 U.S. Presidential Election, with over 81% of votes potentially going to Republican candidates. In contrast, the Democratic party likely garnered around 17%, indicating a rather significant gap between the two major parties. Meanwhile, third parties such as Libertarian and Green received minimal support, each capturing less than 1% of the vote, which may suggest limited influence or voter interest in alternative party options within this county.
81.42% of voters voted for the Republican party in the 2020 Presidential Election
17.36% of voters voted for the Democrat party in the 2020 Presidential Election
0.98% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Hood County, Texas has seen its student-to-teacher ratio fluctuate around the national average of 14 students per teacher, peaking at 15 in 2016 before recently declining to around 13 in 2023. This trend toward smaller class sizes could enhance student attention and educational outcomes, making the area more attractive to families and possibly boosting property... Read more
Student-to-teacher ratio in Hood County, Texas over the last 10 years
Over the past decade, Hood County, Texas has seen its student-to-teacher ratio fluctuate around the national average of 14 students per teacher. Notably, the ratio peaked at approximately 15 in 2016 and generally hovered close to that mark, suggesting manageable class sizes. More recently, a decline to around 13 students per teacher in 2023 indicates a trend toward smaller class sizes, which could enhance individual student attention and educational outcomes. For investors, real estate agents, and families considering a move, this shift may reflect positively on the local education system and potentially influence property values and appeal.
