Irion County Real Estate and Livability Trends
Irion County, Texas has experienced notable economic volatility over the past decade, affecting key real estate metrics. Average taxable income per tax return hit a peak of $125,952.05 in 2014 and saw a sharp decline to $77,791.55 by 2016, reflecting economic conditions that can impact property values and market stability. Median home values have swung between $153,000 in 2016 and $114,200 in... Read more
Irion County Market Trends
Median home values in Irion County, Texas have displayed notable volatility over the past eight years, swinging from a high of $153,000 in 2016 to a low of $114,200 in 2021, eventually recovering to $149,600 in 2022. This contrasts with the smoother, upward trends seen in Texas and across the nation. Real estate taxes in the county also showed fluctuations, averaging from $2,233.33 in 2013 and... Read more
Median Value of Occupied Housing Units in Irion County, Texas Over the Last 8 Years
Median home values in Irion County, Texas have experienced significant fluctuations over the last eight years, peaking at $153,000 in 2016 and dipping to $114,200 in 2021, before climbing back up to $149,600 in 2022. This pattern contrasts with the generally increasing trends observed at both state and national levels. For instance, Texas saw a steady rise from $136,000 in 2015 to $238,000 in 2022, while national figures went from $125,500 to $179,400 in the same period. Aspiring homeowners and investors may want to consider that Irion County's market shows greater volatility compared to broader trends, potentially offering unique opportunities for those prepared for market variability.
Average Real Estate Taxes Per Tax Return in Irion County, TX Over the Last 9 Years
Over the past nine years, Irion County, Texas has seen varying trends in average real estate taxes per tax return, ranging from $2,233.33 in 2013 to $4,700.00 in 2019. There was a noticeable dip in 2013, followed by a general upward trajectory, suggesting a potential increase in property values or tax rates. This trend might be of particular interest to investors, real estate agents, and appraisers looking to understand the region's fiscal landscape. The peak in 2019 at $4,700.00 indicates that those budgeting for property-related costs should consider potential fluctuations in tax liabilities in their long-term planning.
Percentage of Farm Returns in Irion County, TX Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Irion County, Texas has seen slight fluctuations, generally hovering around 15.00%. In 2012, the percentage was approximately 15.79%, peaking again at 16.44% in 2014. There was a gradual decline through 2018 and 2019, where the values steadied at around 14.67%. By 2021, the percentage saw a minor increase to roughly 14.86%. Farm tax returns, in this context, reflect filings by individuals or businesses engaged in agricultural activities, indicating the health and scale of local farming operations. For potential investors, movers, or property builders, these numbers may suggest stability with minor variations in the agricultural sector over the past decade. This could imply consistent, though modest, economic activity centered around farming in the county.
Number of Mortgages by Occupancy Type in Irion County, TX Over the Last 5 Years in Irion County
The trends in Irion County, Texas, indicate a steady prominence of mortgages for principal residences, peaking at 51 in 2020 and slightly dropping to 48 in 2021 and 36 in 2022. Mortgages for investment properties have remained minimal yet stable, with a slight dip between 2019 and 2022. Second residence mortgages are sparse, showing negligible movement. For potential investors, this suggests a stronger demand for primary living spaces, which could mean a more reliable rental market for residential properties. For appraisers and insurance agents, understanding these trends can help in accurately assessing property values and risks associated with different occupancy types. Builders and real estate agents could leverage this information to focus their efforts on new developments or marketing strategies that cater primarily to principal residences, ensuring they meet local demand.
Economic Outlook
Irion County, Texas has witnessed significant fluctuations in the average taxable income per tax return over the past decade, with a peak at $125,952.05 in 2014 followed by a sharp dip in 2016 to $77,791.55. Despite these variations, there has been a generally upward trend, reaching $106,773.61 in 2021. This income volatility could be of interest to investors and property developers, reflecting economic conditions that may affect property values and market stability. Over the same period,... Read more
Average Taxable Income per Tax Return in Irion County, TX over the last 9 years
Over the last nine years, Irion County, Texas has seen fluctuations in the average taxable income per tax return, with a notable peak at $125,952.05 in 2014 followed by a sharp dip in 2016 to $77,791.55. Despite these ups and downs, there has been a relatively upward trend, reaching $106,773.61 in 2021. This financial variability could be of interest to potential investors and property developers as it reflects economic conditions that may affect property values and market stability. For insurance agents and real estate professionals, these fluctuations can signal income volatility, potentially impacting coverage needs and housing market dynamics.
Average Total Tax Liability Per Tax Return in Irion County, TX Over the Last 10 Years
Over the last decade, Irion County, Texas has seen fluctuating average total tax liabilities per tax return, peaking in 2014 at $38,288.33 and showing significant variability. The trend may suggest economic factors or policy changes impacting residents' tax obligations. This volatility could be of particular interest to investors and real estate agents assessing the financial stability and growth potential of the county. Additionally, appraisers and insurance agents might gauge property value trends and associated risks by analyzing these fluctuations.
Cost of Living in Irion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,512 | $1,299 | $2,242 | $1,242 | $1,096 |
| 1 adult 4 children | $1,512 | $1,061 | $1,717 | $1,242 | $1,233 |
| 2 adults 3 children | $1,512 | $1,061 | $1,944 | $1,242 | $904 |
| 1 adult 3 children | $1,512 | $866 | $1,419 | $1,242 | $1,004 |
| 2 adults 2 children | $1,156 | $869 | $1,646 | $1,079 | $746 |
| 1 adult 2 children | $1,156 | $649 | $1,121 | $1,079 | $702 |
| 2 adults 1 child | $1,156 | $687 | $1,348 | $549 | $703 |
| 1 adult 1 child | $1,156 | $443 | $823 | $549 | $588 |
| 2 adults | $923 | $552 | $1,050 | $0 | $608 |
| 1 adult | $773 | $301 | $525 | $0 | $492 |
Demographics
Irion County, Texas, shows a nearly even split between males and females among its adult population. The county's educational attainment levels are diverse, although many have only completed some college without obtaining a degree. The age distribution is skewed towards a younger demographic, with significant representation in age ranges typically comprising working adults and seniors. Racially, the population is predominantly White, with a noteworthy portion identifying as "Some other race,"... Read more
Race Distribution in Irion County, Texas (2022)
Educational Attainment in Irion County, Texas (2022)
Age Distribution in Irion County, Texas
Citizen Population in Irion County, Texas (2022)
Political Trends & Data
Irion County in Texas showed a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with Republicans possibly securing around 85% of the vote. Democrats may have gathered nearly 13.5%, while Libertarians and the Green party trailed with approximately 0.9% and 0.2%, respectively. Other parties seemingly had no notable impact. These trends might suggest a deeply entrenched conservative base in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Irion County in Texas showed a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with Republicans possibly securing around 85% of the vote. The Democratic party may have garnered nearly 13.5%, while Libertarians and the Green party trailed far behind with approximately 0.9% and 0.2% of the votes, respectively. It's worth noting that other parties didn't seem to have any notable impact in this county. These trends could indicate a deeply entrenched conservative base in the area.
85.38% of voters voted for the Republican party in the 2020 Presidential Election
13.50% 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
0.22% of voters voted for the Green party in the 2020 Presidential Election
School Data
Over the past decade, Irion County, Texas has seen its student-to-teacher ratio fall below the national average, starting at 11 students per teacher in 2014 and dropping to 9 in 2023. This trend could draw families prioritizing education quality, offering a potential edge for real estate agents and developers marketing properties to young families or education-focused buyers. Higher property values might also be inferred by appraisers and insurance agents, considering the perceived better... Read more
Student-to-teacher ratio in Irion County, Texas over the last 10 years
Over the past decade, Irion County, Texas has seen its student-to-teacher ratio consistently fall below the national average. Starting at 11 students per teacher in 2014 and dipping as low as 9 in 2023, the trend suggests more personalized attention for students compared to the national average of 14 students per teacher. This could be a significant draw for families prioritizing education quality and small class sizes, as well as for investors looking at the community’s potential for high-quality education outcomes. For real estate agents and developers, the declining ratios might be a selling point for marketing properties to young families or education-focused buyers. Additionally, appraisers and insurance agents could consider this trend as part of their evaluations, indicating possibly higher property values due to perceived better education standards.
