Hutchinson County Real Estate and Livability Trends
Hutchinson County, Texas has exhibited a consistent increase in housing values from $73,500.00 in 2015 to $96,500.00 in 2022, signaling steady, affordable growth that's appealing for budget-conscious buyers. Energy tax credits spiked to $1,440.00 in 2020, pointing to a rising interest in sustainable home upgrades. The demand for primary residences, reflected by a peak of 807 mortgages in 2021,... Read more
Hutchinson County Market Trends
Hutchinson County, Texas has seen modest yet steady housing value increases, rising from $73,500.00 in 2015 to $96,500.00 in 2022, slower than the Texas state average but still notable. This makes it a potentially attractive locale for those seeking stability and affordability. Energy tax credits in the county spiked dramatically to $1,440.00 in 2020, hinting at a growing interest in sustainable... Read more
Median Value of Occupied Housing Units in Hutchinson County, Texas Over the Last 8 Years
Hutchinson County, Texas has experienced a consistent, albeit modest, increase in median home values over the past eight years, climbing from $73,500.00 in 2015 to $96,500.00 in 2022. This growth is relatively subdued compared to the state of Texas, where median home values surged from $136,000.00 to $238,000.00 in the same period. On a national level, the median values moved from $125,500.00 to $179,400.00, indicating that Hutchinson County remains an affordable option with slower, steady appreciation. This slower growth could appeal to investors and homebuyers seeking stability and a lower entry point in the booming Texas housing market.
Residential Energy Tax Credit Per Tax Return in Hutchinson County, TX Over the Last 8 Years
Hutchinson County, Texas, has seen fluctuations in residential energy tax credits over the past eight years. Notably, there was a significant spike in 2017 with an average credit of $525.00, and a dramatic increase in 2020 reaching $1,440.00 per tax return, potentially reflecting increased investment in energy-efficient home improvements. The credits in 2021 slightly decreased to $1,200.00, still considerably higher than earlier years. This trend could suggest a growing commitment to sustainable living and might be an attractive factor for investors, builders, and property appraisers focusing on energy-efficient developments.
Average Real Estate Taxes Per Tax Return in Hutchinson County, TX Over the Last 10 Years
Over the past decade, Hutchinson County, Texas, has seen a notable rise in average real estate taxes per tax return. From $2,626.36 in 2012, there's been an upward trajectory with a significant jump to $4,742.11 in 2020 before slightly dipping to $4,536.36 in 2021. This trend could signal increased property values or changing tax policies, making the area of interest for potential investors and real estate professionals monitoring local tax impacts.
Percentage of Farm Returns in Hutchinson County, TX Over the Last 10 Years
Hutchinson County, Texas has seen slight fluctuations in farm tax returns over the past decade, generally hovering around 2%. The percentage peaked at approximately 2.50% in 2018. Farm tax returns reflect agricultural activity and profitability in the area, indicating a modest but consistent presence in the local economy. Investors, property developers, and new residents may find these trends reassuring, suggesting relatively stable agricultural engagement without significant year-to-year volatility.
Number of Mortgages by Occupancy Type in Hutchinson County, TX Over the Last 5 Years in Hutchinson County
In Hutchinson County, Texas, there's been a noticeable fluctuation in mortgage counts over the past five years, with a clear dominance of principal residence mortgages compared to investment and second residences. For instance, the number of mortgages for principal residences reached a peak of 807 in 2021, while investment properties and second residences saw much lower and less volatile numbers. These shifts suggest a robust demand for primary housing, possibly driven by local economic factors or demographic changes. Changes in occupancy types matter because they can indicate broader trends in the local real estate market, influencing everything from property values to rental demand. For investors, stable or rising investment property mortgages may signal a healthy rental market, while a high number of principal residence mortgages might suggest a stable, family-friendly community. For insurance agents and appraisers, understanding these trends helps assess risk and property values more accurately. Real estate agents, builders, and those considering moving to the area can tailor their strategies and expectations based on these occupancy trends.
Economic Outlook
Hutchinson County, Texas has experienced fluctuations in average taxable income per tax return, often ranging between $58,000.00 and $66,000.00, with peaks above $63,000.00 in key years like 2014 and 2018, and topping at approximately $66,414.60 in 2021. Average state and local income taxes have generally declined from $4450.00 in 2012 to about $3612.50 in 2017, though 2018 saw a significant spike to $8500.00. Total tax liability has also varied, peaking at $11,001.79 in 2014 and dipping to... Read more
Average Taxable Income per Tax Return in Hutchinson County, TX over the last 9 years
Hutchinson County, Texas has seen fluctuations in average taxable income per tax return over the past nine years, generally hovering between $58,000.00 and $66,000.00. Key years like 2014 and 2018 show notable spikes reaching above $63,000.00, peaking in 2021 at approximately $66,414.60. This trend could be significant for potential investors and real estate professionals, indicating periods of economic growth and stability. Such data may suggest an environment that supports higher average incomes, which potentially translates to a more robust local economy and better investment opportunities.
Average State and Local Income Taxes Per Tax Return in Hutchinson County, TX Over the Last 7 Years
The average state and local income taxes per tax return in Hutchinson County, Texas have generally decreased between 2012 and 2017, dropping from approximately $4450.00 in 2012 to around $3612.50 in 2017. A notable exception occurred in 2018, where a significant spike to $8500.00 can be observed. This upward jump might indicate economic changes or a shift in tax policy that could impact financial planning for potential investors, appraisers, insurance agents, and real estate professionals considering opportunities in the area.
Average Total Tax Liability Per Tax Return in Hutchinson County, TX Over the Last 10 Years
Over the last decade, Hutchinson County, Texas has seen notable fluctuations in average total tax liability per tax return, with a peak at $11,001.79 in 2014 and a low of $8,917.17 in 2019. This volatility can influence investment decisions, potentially impacting property values and insurance premiums. The data provides a snapshot of the economic environment, useful for real estate agents, appraisers, and potential investors gauging the financial landscape of the area.
Cost of Living in Hutchinson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,192 | $1,395 | $1,948 | $1,242 | $884 |
| 1 adult 4 children | $1,192 | $1,140 | $1,491 | $1,242 | $982 |
| 2 adults 3 children | $1,192 | $1,140 | $1,689 | $1,242 | $709 |
| 1 adult 3 children | $1,192 | $931 | $1,232 | $1,242 | $768 |
| 2 adults 2 children | $940 | $933 | $1,431 | $1,084 | $633 |
| 1 adult 2 children | $940 | $697 | $974 | $1,084 | $569 |
| 2 adults 1 child | $940 | $738 | $1,173 | $572 | $605 |
| 1 adult 1 child | $940 | $476 | $715 | $572 | $504 |
| 2 adults | $714 | $593 | $914 | $0 | $520 |
| 1 adult | $709 | $323 | $457 | $0 | $463 |
Safety trends & Data
In Hutchinson County, Texas, property crime has generally been on the decline over the past five years. Burglary incidents dropped from 8.0 to 6.0, and larceny-theft saw a significant decrease from 41.0 to 10.0. Motor vehicle thefts also showed a downward trend, dropping from 10.0 to 4.0. However, vandalism incidents have been less predictable, spiking to 15.0 in 2022. These trends could be crucial for investors and property developers assessing safety and risk in the... Read more
Property Crime Trends in Hutchinson County, TX Over the Last 5 Years
Property crime in Hutchinson County, Texas, has exhibited a gradual decline over the last five years. Burglary incidents decreased from 8.0 in 2018 to 6.0 in 2022, while larceny-theft showed a significant drop from 41.0 to 10.0 in the same period. Motor vehicle thefts also saw a downward trend, falling from 10.0 in 2018 to 4.0 in 2022. Conversely, vandalism fluctuated, reaching a notable high of 15.0 in 2022. These shifts in crime trends are pertinent to investors, property developers, and those considering moving to the area, as they help gauge the safety and potential risk factors associated with property ownership or development in Hutchinson County.
Demographics
Hutchinson County, Texas shows a balanced gender distribution with a slightly higher male population. Education levels reveal a significant portion of the population with high school diplomas and some college experience but fewer with higher degrees. Age demographics lean towards a mature population with a notable percentage over 55, possibly indicating an aging community. In terms of racial composition, the county is predominantly White with small representations from other racial groups,... Read more
Race Distribution in Hutchinson County, Texas (2022)
Educational Attainment in Hutchinson County, Texas (2022)
Age Distribution in Hutchinson County, Texas
Citizen Population in Hutchinson County, Texas (2022)
Political Trends & Data
Hutchinson County, Texas, saw a strong conservative tilt in the 2020 U.S. Presidential Election, with about 87.6% of votes going to the Republican party. This demographic trend might indicate a deeply rooted Republican voter base, which could influence local real estate market preferences and policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hutchinson County in Texas leaned significantly toward the Republican party in the 2020 U.S. Presidential Election, with approximately 87.6% of the vote. The Democratic party received around 11%, while smaller parties like the Libertarians and Greens garnered notably less support, at about 1.3% and 0.1%, respectively. This heavily favors conservative ideologies and could suggest a deeply entrenched Republican voter base in the county.
87.55% of voters voted for the Republican party in the 2020 Presidential Election
11.00% of voters voted for the Democrat party in the 2020 Presidential Election
1.31% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% 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
In Hutchinson County, Texas, the student-to-teacher ratio has consistently remained below the national average of 14:1 over the past decade, with a peak of 12.53 in 2014 and a low of 11.21 in 2021. This trend indicates smaller class sizes, potentially providing more individualized attention for students—an appealing factor for families. For investors and real estate professionals, these educational metrics could impact property values and demand in the... Read more
Student-to-teacher ratio in Hutchinson County, Texas over the last 10 years
Over the last decade, the student-to-teacher ratio in Hutchinson County, Texas has generally hovered below the national average of 14 students per teacher. The ratio has seen slight fluctuations, peaking at 12.53 in 2014 and dropping to a low of 11.21 in 2021. These relatively low ratios might suggest smaller class sizes, which can be a significant factor for families considering a move to the area, as they often correlate with more individualized attention for students. Investors, real estate agents, and appraisers should note these educational metrics, as they could influence property values and demand in the region.
