Hopkins County Real Estate and Livability Trends
In Hopkins County, Texas, median home values nearly doubled from $92,800.00 in 2015 to $172,800.00 in 2022, presenting a lucrative opportunity for investors. Rising average real estate taxes and energy tax credits indicate higher fiscal demands but also a push towards energy-efficient homes, possibly increasing property values. Economic stability is reflected in the sharp rise in average taxable... Read more
Hopkins County Market Trends
Median home values in Hopkins County, Texas, have almost doubled from $92,800 in 2015 to $172,800 in 2022, offering a potential investment boon compared to broader state and national increases. Energy tax credits have grown significantly, peaking at $2,700 in 2018, indicating a local trend toward energy-efficient home improvements that may boost property values. Rising average real estate taxes,... Read more
Median Value of Occupied Housing Units in Hopkins County, Texas Over the Last 8 Years
Over the last 8 years, median home values in Hopkins County, Texas, have surged from $92,800 in 2015 to $172,800 in 2022. This rapid increase contrasts with both state and national trends, as Texas saw values climb from $136,000 to $238,000, and the United States moved from $125,500 to $179,400 within the same time span. For those eyeing investment opportunities or planning relocations, this data suggests Hopkins County may offer growing future value while still being a more affordable option relative to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Hopkins County, TX Over the Last 9 Years
Residential energy tax credits in Hopkins County, Texas, have seen a significant upward trend over the past nine years. Starting at around $315.00 per tax return in 2013, the incentives shot up to an impressive $2,700.00 by 2018 before stabilizing slightly above the $2,360.00 range from 2019 to 2021. This surge suggests an increased local investment in energy-efficient home improvements, which could be a key draw for those looking to invest, move to, or develop property in the area. Real estate agents and appraisers may find this trend particularly relevant as it potentially elevates property values and attractiveness to eco-conscious buyers. Insurance agents could also note that homes with energy-efficient upgrades might pose different risk profiles.
Average Real Estate Taxes Per Tax Return in Hopkins County, TX Over the Last 10 Years
Over the past decade, Hopkins County, Texas, has seen a steady increase in average real estate taxes per tax return, with notable jumps since 2017. From $3,247.55 in 2012, the average tax amount rose sharply to $5,024.59 by 2018, peaking at $5,618.52 in 2020. This upward trend could indicate rising property values and increasing fiscal demands on homeowners, making it a critical factor to consider for potential investors, new residents, and those involved in property-related fields.
Percentage of Farm Returns in Hopkins County, TX Over the Last 10 Years
Over the past decade, Hopkins County, Texas has seen a gradual decline in the percentage of farm tax returns, dropping from approximately 12.00% in 2012 to around 10.30% in 2021. Farm tax returns are filings submitted by farmers to report their income from agricultural activities, and decreasing numbers could suggest changes in the local agricultural economy, possibly indicating fewer active farms or shifts in financial health. For those considering investment, relocation, or development, this trend might raise questions about the sustainability and growth potential of the agricultural sector in the area.
Number of Mortgages by Occupancy Type in Hopkins County, TX Over the Last 5 Years in Hopkins County
In Hopkins County, Texas, there has been a noticeable increase in the number of mortgages for principal residences, peaking in recent years. Interestingly, investment property mortgages also show a subtle upward trend, while second residence mortgages remain relatively low and stable. Shifts in occupancy types might matter due to their impact on housing demand patterns, neighborhood composition, and local market stability. These trends could attract both investors and those looking to move, as they hint at growing opportunities for primary and investment housing. Real estate agents and appraisers may find these insights valuable for pricing strategies and market analysis, while insurance agents might consider the risk profiles associated with different occupancy types.
Economic Outlook
In Hopkins County, Texas, average taxable income has risen sharply over nine years, from $43,991.65 in 2013 to $64,902.18 in 2021, indicating greater economic stability that may attract investors and new residents. Fluctuating state and local income taxes, peaking at $5,783.33 in 2019, hint at varying economic conditions and employment incomes. Meanwhile, the total tax liability per tax return has also climbed, hitting over $10,000.00 by 2021, potentially reflecting local policy shifts and... Read more
Average Taxable Income per Tax Return in Hopkins County, TX over the last 9 years
Hopkins County, Texas, shows a generally upward trend in average taxable income per tax return over the past nine years, with a notable increase from $43,991.65 in 2013 to $64,902.18 in 2021. This rise could signal a growing economic stability, potentially making the locale attractive to investors, developers, and new residents. The increase in taxable income might also affect property appraisals and insurance considerations, reflecting elevated property values and associated risks. For real estate agents and market watchers, these trends suggest a progressively affluent clientele in the county.
Average State and Local Income Taxes Per Tax Return in Hopkins County, TX Over the Last 10 Years
In Hopkins County, Texas, the average state and local income taxes per tax return tend to fluctuate. From $3,900.00 in 2012, there's an increase peaking at $5,783.33 in 2019, before slightly dipping to $5,366.67 in 2020 and edging back up to $5,660.00 in 2021. Such variations could hint at local economic shifts and varying employment incomes. For potential investors, real estate agents, and those looking to move, these trends might point to changing economic conditions and tax burdens in the area.
Average Total Tax Liability Per Tax Return in Hopkins County, TX Over the Last 10 Years
Over the last decade, Hopkins County, Texas has seen notable fluctuations in average total tax liability per tax return, with a general trend upward. Starting at $7,727.43 in 2012, the average showed some variation, dipping to $7,272.40 in 2013 but climbing past $10,000.00 by 2021. Particularly significant is the sharp increase in 2019, where the liability reached $8,785.24, and continued growth through 2021 reflecting potential economic changes or policy shifts impacting the local tax landscape. These variations could suggest a changing economic environment that might interest investors, appraisers, or those considering relocating to Hopkins County.
Cost of Living in Hopkins County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,302 | $1,295 | $1,940 | $1,085 | $837 |
| 1 adult 4 children | $1,302 | $1,057 | $1,484 | $1,085 | $928 |
| 2 adults 3 children | $1,302 | $1,058 | $1,682 | $1,085 | $670 |
| 1 adult 3 children | $1,302 | $864 | $1,227 | $1,085 | $697 |
| 2 adults 2 children | $916 | $866 | $1,425 | $947 | $557 |
| 1 adult 2 children | $916 | $647 | $970 | $947 | $495 |
| 2 adults 1 child | $916 | $684 | $1,168 | $496 | $561 |
| 1 adult 1 child | $916 | $442 | $713 | $496 | $464 |
| 2 adults | $732 | $550 | $910 | $0 | $507 |
| 1 adult | $612 | $300 | $455 | $0 | $424 |
Safety trends & Data
Property crime in Hopkins County, Texas shows variability, especially in Larceny-Theft, which rose to 51 incidents in 2020 before dropping to 28 by 2022. Burglaries decreased from 19 in 2018 to 7 in 2021, slightly rising to 10 in 2022. Fraud and Forgery cases also saw inconsistent trends. This unpredictable crime landscape is crucial for investors, insurers, and property developers when assessing risk and... Read more
Property Crime Trends in Hopkins County, TX Over the Last 5 Years
Property crime in Hopkins County, Texas fluctuates year by year, with Larceny-Theft consistently taking the lead. In 2018, 39 incidents were reported, peaking at 51 in 2020, then declining to 28 by 2022. Burglary and Motor Vehicle Theft also saw variable trends, with Burglaries dropping significantly from 19 in 2018 to 7 by 2021, then slightly increasing to 10 in 2022. Fraud and Forgery cases reflect inconsistency, suggesting possible shifts in local criminal behavior or law enforcement focus. This unpredictable crime landscape offers critical insights for potential investors, insurers, and property developers when assessing risk and opportunity in the area.
Demographics
Hopkins County, Texas seems to skew slightly older, with a significant portion of the population being 55 years and older. The educational landscape reveals that high school graduates make up the largest segment, yet there is an evident gap in higher education attainment, with fewer residents holding bachelor's or graduate degrees. This might suggest an opportunity or need for enhanced educational programs. Racially, the county is predominantly white, but there is some diversity with Black or... Read more
Race Distribution in Hopkins County, Texas (2022)
Educational Attainment in Hopkins County, Texas (2022)
Age Distribution in Hopkins County, Texas
Citizen Population in Hopkins County, Texas (2022)
Political Trends & Data
The political landscape in Hopkins County, Texas, appears notably conservative, with nearly 80% of the 2020 U.S. Presidential Election vote potentially favoring the Republican Party. Meanwhile, the Democratic Party received just over 19%, pointing to a stark divide between the major parties. This trend may influence local policies and community planning in ways that align with conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hopkins County, Texas, displayed a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with nearly 80% of the vote potentially favoring the GOP. In contrast, the Democratic party garnered just over 19%, while smaller parties like the Libertarian and Green parties made minimal impacts. This significant disparity between the two major parties could highlight a predominantly conservative electorate in this region.
79.79% of voters voted for the Republican party in the 2020 Presidential Election
19.11% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% 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 Hopkins County, Texas has steadily decreased from 14 in 2014 to about 11 in 2023. This trend suggests more individualized attention for students, which could attract families looking to move to the area. For real estate investors, this could potentially drive housing demand, while insurance agents might find value in these figures when evaluating risk. Generally, smaller class sizes are seen as a positive indicator of educational quality, a compelling selling... Read more
Student-to-teacher ratio in Hopkins County, Texas over the last 10 years
The student-to-teacher ratio in Hopkins County, Texas has shown a steady decrease over the past ten years, starting from 14 in 2014 to roughly 11 in 2023. This trend indicates smaller class sizes, which may be a draw for families considering moving to the area, as it suggests more individualized attention for students compared to the national average of 14 students per teacher. For investors and real estate agents, this could potentially drive demand for housing in the county. Insurance agents might also consider this trend when evaluating risk, as smaller class sizes can sometimes correlate with lower incidences of student-related claims. Lower ratios are generally seen as a positive indicator of educational quality, which could be a selling point for anyone building or selling property in the region.
