Jim Wells County Real Estate and Livability Trends
Jim Wells County in Texas has experienced varied economic conditions over the past decade, with average taxable incomes fluctuating significantly and total tax liabilities per return falling from $12,552.70 in 2014 to $7,269.62 in 2021. Meanwhile, the median home value jumped from $70,100 in 2015 to $91,600 in 2022, though still below state and national figures, making the area attractive for... Read more
Jim Wells County Market Trends
The median home value in Jim Wells County, Texas has appreciably risen to $91,600 in 2022 from $70,100 in 2015, yet these values still fall below state and national averages. This makes Jim Wells County an interesting option for affordable housing investments with appreciating values. Residential energy tax credits have surged by over 350% from $590.00 in 2013 to $2,768.42 in 2021, suggesting... Read more
Median Value of Occupied Housing Units in Jim Wells County, Texas Over the Last 8 Years
The median home value in Jim Wells County, Texas has demonstrated noticeable growth over the past eight years, rising from $70,100 in 2015 to $91,600 in 2022. Despite this increase, home values in Jim Wells County remain significantly lower than the state and national averages, which reached $238,000 in Texas and $179,400 nationally by 2022. For investors and residents, this suggests that Jim Wells County may offer more affordable housing options while still experiencing appreciation, making it a potentially attractive market for those looking to invest or relocate within Texas.
Residential Energy Tax Credit Per Tax Return in Jim Wells County, TX Over the Last 9 Years
The data suggests a noticeable increase in the average residential energy tax credit per tax return in Jim Wells County, Texas over the past nine years. Starting from $590.00 in 2013, there's a significant upward trend reaching $2,768.42 in 2021. This pattern could indicate heightened awareness and investment in energy-efficient technologies among residents, potentially making this area attractive for investors and property developers focusing on sustainable living initiatives. It may also reflect increasing incentives from state or federal programs, which is crucial for appraisers, real estate agents, and insurance agents when evaluating property values and risks.
Average Real Estate Taxes Per Tax Return in Jim Wells County, TX Over the Last 10 Years
Jim Wells County, Texas has seen a notable increase in average real estate taxes per tax return over the past decade. From $2,805.21 in 2012 to $5,194.74 in 2021, there has been a general upward trend with a significant jump starting in 2016. This rise could be crucial for potential homeowners, real estate investors, and appraisers when evaluating property values and long-term financial planning in the area. Calculating property taxes is essential for anyone looking to move, build, or invest here, reflecting a possibly thriving or adjusting real estate market.
Percentage of Farm Returns in Jim Wells County, TX Over the Last 10 Years
Jim Wells County, Texas, has seen a relatively stable percentage of farm tax returns over the last decade, fluctuating from a high of approximately 7.36% in 2015 to a low of about 6.41% in 2020. Farm tax returns indicate income reported from agricultural activities, which is crucial for understanding the economic landscape and viability of farming in the county. This stability in farm returns suggests that agriculture remains a consistent part of the local economy, making it appealing for investors and those interested in agricultural ventures. However, the small variations also hint at some fluctuations in agricultural yield or market conditions over the years, which could be a point of consideration for future planning and development.
Number of Mortgages by Occupancy Type in Jim Wells County, TX Over the Last 5 Years in Jim Wells County
Over the past five years, Jim Wells County, Texas has shown some fluctuating trends in the number of mortgages by occupancy type. Principal Residences consistently represent the majority, peaking in 2021 with 1,233 mortgages, whereas Investment Properties and Second Residences lag significantly behind. For investors, this indicates a market primarily driven by owner-occupants, potentially making competition in rental and secondary markets less intense. Real estate agents and appraisers might find the dominance of principal residences noteworthy when valuing properties or advising clients. For insurance agents, knowing that a majority lean towards primary homes could impact risk assessments and policy structuring. Developers eyeing new construction should prioritize features catering to long-term residents given the primary residence focus.
Economic Outlook
Jim Wells County in Texas has seen significant economic fluctuations over the past decade, with average taxable incomes peaking at $58,316.33 in 2014 before dropping to a low of $42,623.33 in 2016 and recovering modestly to $49,637.79 by 2021. State and local income taxes have also varied widely, from highs around $4,500.00 in 2014 to lows near $1,871.43 in 2017. Total tax liabilities per tax return declined from $12,552.70 in 2014 to $7,269.62 in 2021, reflecting potential shifts in economic... Read more
Average Taxable Income per Tax Return in Jim Wells County, TX over the last 9 years
Jim Wells County in Texas has experienced fluctuating average taxable incomes over the last nine years, impacting potential real estate and investment decisions. After peaking at $58,316.33 in 2014, averages saw a significant decline, falling to a low of $42,623.33 in 2016. Recent years have shown modest recovery with 2021's average taxable income at $49,637.79, indicating some economic volatility but also resilience. Those considering investment or property development might find opportunistic value in this dynamic financial landscape.
Average State and Local Income Taxes Per Tax Return in Jim Wells County, TX Over the Last 7 Years
Over the past seven years, Jim Wells County in Texas has seen fluctuating average state and local income taxes per tax return. While 2012 and 2014 peaked at approximately $4,260.00 and $4,500.00 respectively, there was a notable decline to around $1,871.43 by 2017. Investors and relocators might find these variations indicative of economic shifts, potentially impacting property values and cost of living. For appraisers, insurers, and real estate agents, these trends could reflect broader fiscal policies or local economic health, necessitating a closer look at underlying factors.
Average Total Tax Liability Per Tax Return in Jim Wells County, TX Over the Last 10 Years
Over the past decade, Jim Wells County, Texas has experienced a noticeable decline in the average total tax liability per tax return, dropping from a high of $12,552.70 in 2014 to $7,269.62 in 2021. This suggests a potentially changing economic landscape or shifts in income levels that could be relevant for prospective investors, real estate agents, and appraisers. The fluctuation could influence various aspects of financial planning, property valuation, and tax considerations for those looking to engage with the local market.
Cost of Living in Jim Wells County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,142 | $1,279 | $1,822 | $1,334 | $797 |
| 1 adult 4 children | $1,142 | $1,044 | $1,394 | $1,334 | $887 |
| 2 adults 3 children | $1,142 | $1,045 | $1,581 | $1,334 | $638 |
| 1 adult 3 children | $1,142 | $853 | $1,152 | $1,334 | $665 |
| 2 adults 2 children | $902 | $855 | $1,340 | $1,165 | $571 |
| 1 adult 2 children | $902 | $639 | $911 | $1,165 | $522 |
| 2 adults 1 child | $902 | $676 | $1,098 | $616 | $559 |
| 1 adult 1 child | $902 | $437 | $670 | $616 | $470 |
| 2 adults | $728 | $543 | $857 | $0 | $489 |
| 1 adult | $680 | $296 | $428 | $0 | $434 |
Safety trends & Data
Jim Wells County, Texas, has had a rollercoaster of property crime trends, particularly with burglaries and larceny-theft. Burglaries hit a high of 65 cases in 2019 before halving to 32 by 2022. Larceny-theft tells a similar story, peaking at 98 cases in 2018 and 2019, with a dip followed by a rise to 86 in 2022. Vandalism spiked to 68 cases in 2020 but fell to 40 by 2022. Arson, though low, doubled to 6 cases by 2022. These crime fluctuations could hint at better law enforcement or shifts in... Read more
Property Crime Trends in Jim Wells County, TX Over the Last 5 Years
Over the past five years, Jim Wells County, Texas, has seen fluctuations in property crimes, notably in burglary and larceny-theft. Burglaries peaked at 65.0 cases in 2019 but showed a significant drop to 32.0 by 2022. Larceny-theft also varied, reaching a high of 98.0 cases in both 2018 and 2019 before dipping and then climbing back to 86.0 in 2022. Vandalism saw notable increases and decreases, peaking at 68.0 cases in 2020 and then dropping to 40.0 by 2022. Arson remains relatively low, though it doubled to 6.0 cases by 2022 compared to previous years. These trends could be of interest to potential investors, home buyers, and real estate agents, hinting at possibly improving law enforcement or changing socio-economic factors impacting crime rates in the region.
Demographics
Jim Wells County, Texas, has a fairly balanced gender distribution, with a modestly higher female population. Despite a significant percentage of residents possessing only a high school diploma or lower, there still exist pockets with college and graduate degrees, suggesting diverse educational experiences. Age-wise, the population is spread across various brackets, with people under 10 years making up a notable segment, which might imply a growing younger population. Racially, the county is... Read more
Race Distribution in Jim Wells County, Texas (2022)
Educational Attainment in Jim Wells County, Texas (2022)
Age Distribution in Jim Wells County, Texas
Citizen Population in Jim Wells County, Texas (2022)
Political Trends & Data
Jim Wells County in Texas showcased a notable lean towards Republican preferences in the 2020 U.S. Presidential Election, where roughly 54.5% of votes likely went to the Republican candidate. Democrats appeared to secure around 44.8% of the vote, suggesting a fairly competitive two-party dynamic. Minor parties, including Libertarians and Greens, seemed to have minimal impact, garnering just over 0.7% of the total vote... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Jim Wells County in Texas exhibited a potential lean towards Republican preferences in the 2020 U.S. Presidential Election, with around 54.5% of votes possibly going to the Republican candidate. Democrats appeared to capture approximately 44.8% of the vote, likely indicating a somewhat competitive two-party race. Minor party candidates, including Libertarians and Greens, seemed to have gained minimal traction, collectively earning just over 0.7% of the total vote share.
54.52% of voters voted for the Republican party in the 2020 Presidential Election
44.77% of voters voted for the Democrat party in the 2020 Presidential Election
0.50% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
School Data
Over the last decade, Jim Wells County, Texas, has seen its student-to-teacher ratio fluctuate between 14 and 16 students per teacher, with a notable dip to 14 in 2022 and a rebound to 15 in 2023. This trend, which parallels and sometimes surpasses the national average of 14 students per teacher, could highlight shifts in resource allocation or changing student enrollment numbers. These variations might influence decisions for potential investors, homebuyers, builders, and real estate agents... Read more
Student-to-teacher ratio in Jim Wells County, Texas over the last 10 years
Over the last decade, Jim Wells County, Texas, has seen fluctuations in its student-to-teacher ratios, with numbers oscillating between 14 and 16 students per teacher. Although the ratio fell to a low of 14 in 2022, it rebounded to 15 in 2023. This trend parallels and occasionally surpasses the national average of 14 students per teacher. Such variations could imply shifts in resource allocation or changing student enrollments, influencing decisions for potential investors, homebuyers, builders, real estate agents, and residents considering the quality and attention students might receive in the educational system. For appraisers and insurance agents, these dynamics might also reflect broader demographic trends and economic conditions in Jim Wells County.
