Howard County Real Estate and Livability Trends
Howard County, Texas, has experienced a notable rise in median home values, jumping from $73,800 in 2015 to $132,900 in 2022, keeping homes relatively more affordable compared to state and national averages. The climbing average taxable income per tax return also hints at economic growth, peaking at $79,949.08 in 2021, suggesting higher disposable incomes. Meanwhile, real estate taxes have... Read more
Howard County Market Trends
In Howard County, Texas, median home values have significantly increased from $73,800 in 2015 to $132,900 in 2022, staying more affordable than the state and national averages, making it an attractive market for new residents and investors. Marked by a substantial rise in residential energy tax credits—from $266.67 in 2013 to $4921.43 in 2021—there's a growing emphasis on sustainable home... Read more
Median Value of Occupied Housing Units in Howard County, Texas Over the Last 8 Years
Over the past eight years, median home values in Howard County, Texas have experienced a steady climb from $73,800 in 2015 to $132,900 in 2022. Despite this growth, Howard County remains more affordable than both Texas overall and the national median values, which reached $238,000 and $179,400 respectively in 2022. This trend suggests potential opportunities for investors and new residents looking for lower-cost housing markets while still benefiting from overall appreciation.
Residential Energy Tax Credit Per Tax Return in Howard County, TX Over the Last 9 Years
The upward trajectory in Howard County, Texas, for residential energy tax credits per tax return over the past nine years indicates a significant increase in homeowners investing in energy-efficient improvements. Notably, the average credit soared from approximately $266.67 in 2013 to an impressive $4921.43 by 2021. This trend suggests a growing emphasis on sustainability and energy savings in residential properties, which could be crucial for those considering property investments, construction, or real estate ventures in the area. It also underscores potential opportunities for appraisers and insurance agents to reassess property valuations and risk profiles given the enhanced energy resilience of homes.
Average Real Estate Taxes Per Tax Return in Howard County, TX Over the Last 10 Years
In Howard County, Texas, the average real estate taxes per tax return have gradually increased over the past decade, indicating a consistent rise in property-related costs. Starting at approximately $2,761.29 in 2012, these taxes rose steadily each year, peaking at around $5,688.89 in 2021. This trend suggests a growing financial consideration for potential investors, builders, and homebuyers, making it essential to factor in higher property tax expenses when planning long-term investments in this area.
Percentage of Farm Returns in Howard County, TX Over the Last 10 Years
Farm tax returns in Howard County, Texas have experienced some fluctuations over the last decade, ranging from a high of 2.79% in 2012 to a low of 2.14% in 2020. This trend could suggest variability in agricultural profitability or reporting practices. While the returns have shown signs of rebounding to 2.52% in 2021, prospective investors and property developers should consider these trends when evaluating the agricultural sector in the region. Additionally, those interested in moving to or investing in Howard County might find the relative stability in better-performing years indicative of market potential.
Number of Mortgages by Occupancy Type in Howard County, TX Over the Last 5 Years in Howard County
Over the last 5 years in Howard County, Texas, the majority of mortgages have been for principal residences, with significant fluctuations, peaking at 1356 in 2021. Investment property mortgages have remained relatively stable but much lower in volume compared to primary residences. Second residences have consistently seen the least activity, suggesting a limited market for vacation or secondary homes. The changes in occupancy type can impact various stakeholders; for example, investors might see opportunities in the stable yet lower-volume investment property market, while appraisers and insurance agents can tailor their services to the dominant need for principal residences. Understanding these dynamics can help in making informed decisions related to property development, real estate transactions, and market forecasting.
Economic Outlook
Howard County, Texas, has seen a notable increase in average taxable income per tax return over the past nine years, peaking at $79,949.08 in 2021. Significant growth between 2017 and 2019, including a sharp rise to $77,959.50 in 2018, suggests economic growth and higher disposable incomes. Meanwhile, average state and local income taxes per tax return have fluctuated, hitting $6,500.00 in 2019 after peaking at $4,200.00 in 2017. The average total tax liability per tax return also grew,... Read more
Average Taxable Income per Tax Return in Howard County, TX over the last 9 years
Howard County, Texas has seen a notable upward trend in average taxable income per tax return over the past nine years, peaking at $79,949.08 in 2021. The period between 2017 and 2019 showcased significant growth, particularly with a sharp rise in 2018 to $77,959.50. These shifts might interest those looking to invest in or move to the area, as they suggest economic growth and potentially higher disposable incomes within the community. While there was a slight dip in 2020, the following year recovered, indicating resilience in the local economy.
Average State and Local Income Taxes Per Tax Return in Howard County, TX Over the Last 9 Years
Over the past nine years, Howard County, Texas has seen significant fluctuations in average state and local income taxes per tax return. After peaking at $4,200.00 in 2017, there was a substantial increase to $6,500.00 in 2019, which could imply shifts in local tax policies or economic changes. Meanwhile, 2014 saw a notable dip to $2,714.29, marking it as a uniquely low-tax year amidst otherwise rising trends. These variations are important for investors, real estate agents, and residents alike, as they reflect both the economic environment and potential future tax burdens in the area.
Average Total Tax Liability Per Tax Return in Howard County, TX Over the Last 10 Years
Over the past decade, Howard County, Texas has seen significant fluctuations in its average total tax liability per tax return, with a notable increase from $10,234.31 in 2012 to $15,908.52 in 2021. The peak occurred in 2018 at $16,062.72, implying economic factors that year may have heightened tax burdens. Investors and real estate agents might find these trends indicative of broader economic shifts, potentially affecting property values and market dynamics. Insurance agents and appraisers should consider these variations when assessing risk or property worth. Those looking to move to Howard County might want to factor in these periodic fluctuations in their financial planning.
Cost of Living in Howard County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,307 | $1,275 | $1,762 | $1,310 | $829 |
| 1 adult 4 children | $1,307 | $1,041 | $1,347 | $1,310 | $933 |
| 2 adults 3 children | $1,307 | $1,041 | $1,529 | $1,310 | $671 |
| 1 adult 3 children | $1,307 | $850 | $1,114 | $1,310 | $738 |
| 2 adults 2 children | $1,074 | $853 | $1,296 | $1,145 | $616 |
| 1 adult 2 children | $1,074 | $637 | $881 | $1,145 | $583 |
| 2 adults 1 child | $1,074 | $674 | $1,063 | $608 | $608 |
| 1 adult 1 child | $1,074 | $435 | $648 | $608 | $507 |
| 2 adults | $883 | $541 | $830 | $0 | $521 |
| 1 adult | $755 | $295 | $415 | $0 | $444 |
Safety trends & Data
In Howard County, Texas, property crime trends over the last five years offer some intriguing insights. Larceny - Theft arrests peaked at 135 in 2021, while Vandalism rose significantly in 2022, reaching 66 incidents. Motor Vehicle Theft varied, peaking at 42 in 2019 and dropping to 20 by 2022. Burglary generally declined from 32 in 2018 to 22 in 2022. These patterns could influence property values and insurance considerations, impacting decisions for investors, builders, and real estate... Read more
Property Crime Trends in Howard County, TX Over the Last 5 Years
In Howard County, Texas over the last five years, property crime trends show fluctuating levels with specific categories like Larceny - Theft and Vandalism being particularly notable. Larceny - Theft arrests peaked in 2021 with 135, while Vandalism saw a significant rise in 2022, reaching 66. Meanwhile, Motor Vehicle Theft varied, peaking in 2019 at 42 and declining to 20 by 2022. Burglary saw a general downward trend, from 32 in 2018 to 22 in 2022. For those looking to invest, build property, or work in real estate, these trends offer valuable insights into the local crime landscape which could impact property values and insurance decisions.
Demographics
The adult population in Howard County, Texas, skews slightly male, with 13,417 males compared to 10,940 females. Education levels show a diverse spectrum; a significant portion has completed high school, while smaller groups hold bachelor's or graduate degrees. Age-wise, most residents fall in the 25 to 44 years range, indicating a potentially active workforce. The racial demographic is predominantly white, with notable, though smaller, African American and other minority communities. This... Read more
Race Distribution in Howard County, Texas (2022)
Educational Attainment in Howard County, Texas (2022)
Age Distribution in Howard County, Texas
Citizen Population in Howard County, Texas (2022)
Political Trends & Data
Howard County, Texas, exhibited a substantial leaning toward the Republican party in the 2020 U.S. Presidential Election, with Republicans possibly securing around 79% of the vote. Democrats might have captured just over 20%, while support for the Libertarian and Green parties appeared minimal. This conservative voter base could shape future policy and electoral strategies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Howard County, Texas displayed a significant tilt toward the Republican party in the 2020 U.S. Presidential Election, with Republicans possibly capturing nearly 79% of the vote. Democrats may have garnered just over 20%, while the Libertarian and Green parties likely received minimal support. This distribution suggests a strongly conservative voter base, potentially impacting future policy and electoral strategies in the region.
78.64% of voters voted for the Republican party in the 2020 Presidential Election
20.20% of voters voted for the Democrat party in the 2020 Presidential Election
0.87% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% 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 Howard County, Texas has experienced notable shifts, peaking in 2018 at nearly 17 before decreasing steadily to around 12.5. Such trends suggest smaller class sizes and potentially more personalized student attention, especially when compared to the national average of 14. This could serve as a compelling factor for prospective homeowners and real estate agents. Additionally, insurance agents and appraisers might leverage these metrics to better understand... Read more
Student-to-teacher ratio in Howard County, Texas over the last 10 years
Analyzing the student-to-teacher ratio trends in Howard County, Texas over the past decade reveals noticeable fluctuations, peaking in 2018 at nearly 17 and declining steadily to around 12.5 more recently. These changes can influence stakeholders in multiple ways. For instance, real estate agents and prospective homeowners might consider the lower ratios an indicator of smaller class sizes and potentially more personalized attention for students, contrasting with the national average of 14. Similarly, insurance agents and appraisers may find these evolving metrics crucial for assessing community investment in education, which often correlates with property values. Investors and developers might glean insights into the county's prioritization of educational resources, thereby affecting their decisions on where to allocate funds or initiate projects.
