Kimble County Real Estate and Livability Trends
Kimble County, Texas has seen a notable rise in average taxable income, from $44,358.25 in 2013 to $63,309.91 in 2021, suggesting economic growth that could drive up real estate demand. Median home values have surged from $85,400 in 2015 to $189,600 in 2022, significantly outpacing broader trends in Texas and the U.S. Real estate taxes, spiking at $5,740.00 in 2021, may indicate higher property... Read more
Kimble County Market Trends
Kimble County, Texas has experienced some intriguing real estate market trends over the past several years. Median home values in the county have swung dramatically from $85,400 in 2015 to a striking $189,600 in 2022, far outpacing the steadier growth seen in Texas and nationwide. Real estate taxes have also fluctuated, peaking at $5,740.00 in 2021, which might indicate increasing property values... Read more
Median Value of Occupied Housing Units in Kimble County, Texas Over the Last 8 Years
The median home values in Kimble County, Texas have shown significant volatility over the past eight years, with values swinging from $85,400 in 2015 to $189,600 in 2022. This is in contrast to the steadier increases in both Texas and national averages, which rose from $136,000 and $125,500, respectively, in 2015, to $238,000 and $179,400 in 2022. Kimble County's recent spike to $189,600 in 2022 merits attention from potential investors and homeowners, as it marks a sharp rise above historical trends and significantly outpaces the overall growth seen in both the state and the country. These fluctuations may suggest a dynamic market that offers unique investment opportunities but could also imply a higher degree of risk.
Average Real Estate Taxes Per Tax Return in Kimble County, TX Over the Last 10 Years
Over the past decade, Kimble County, Texas has seen fluctuations in real estate taxes per tax return, starting at $3,476.00 in 2012 and peaking at $5,740.00 in 2021. Notable increases occurred between 2017 and 2019, with a significant jump from $3,683.33 to $5,316.67. This upward trend could suggest rising property values or increased county budget needs, relevant for anyone interested in the local real estate market.
Percentage of Farm Returns in Kimble County, TX Over the Last 10 Years
Over the past decade in Kimble County, Texas, the percentage of farm tax returns has exhibited minor fluctuations, starting at 17.33% in 2012 and seeing a slight decline to 14.39% by 2021. Those with an interest in investing or moving to this region might find these trends indicative of economic shifts within the agricultural sector, potentially impacting land values and investment opportunities. Farm tax returns usually represent farms' income declarations to state and federal authorities, reflecting the financial health and activity level in the agriculture community. This data can serve as a useful indicator for gauging economic stability and the viability of agricultural ventures within the county.
Number of Mortgages by Occupancy Type in Kimble County, TX Over the Last 5 Years in Kimble County
Kimble County, Texas has seen fluctuating trends in mortgage counts across different occupancy types over the last five years. Notably, mortgages for principal residences consistently outweigh those for investment and second residences, suggesting strong owner-occupier demand. The spike in mortgages for principal residences in 2021 at 113 marks a peak in recent years, while investment properties saw a modest increase starting from a low of 1 in 2018 to 11 in 2021, then a dip to 8 in 2022. This variability in mortgage types can influence real estate valuations, investor interest, and insurance calculations, highlighting neighborhood stability and investment potential. For those looking to invest, these patterns might suggest emerging opportunities in the investment property segment despite its volatility, while appraisers and insurance agents may factor in the higher stability seen in principal residence trends for risk assessments.
Economic Outlook
Kimble County, Texas has exhibited a significant increase in average taxable income per tax return, jumping from $44,358.25 in 2013 to $63,309.91 in 2021. This trend suggests growing economic prosperity, potentially boosting demand for real estate. Meanwhile, the average total tax liability has seen fluctuations, peaking at around $10,353.37 in 2021 and dipping to approximately $7,681.69 in 2018. These variations could reflect changing economic conditions or policy impacts, offering key... Read more
Average Taxable Income per Tax Return in Kimble County, TX over the last 9 years
Kimble County, Texas has seen a notable increase in average taxable income per tax return over the past nine years, rising significantly from $44,358.25 in 2013 to $63,309.91 in 2021. While there have been fluctuations, the overall trend suggests growing economic prosperity in the area, which could indicate a higher standard of living and potentially increase demand for real estate. For investors and developers, this upward trend might signal promising investment opportunities, while appraisers and insurance agents may need to adjust valuations and coverage accordingly.
Average Total Tax Liability Per Tax Return in Kimble County, TX Over the Last 10 Years
Over the past decade, Kimble County, Texas has seen some fluctuation in its average total tax liability per tax return. Notable highs include 2015 at approximately $9,992.09 and 2021 peaking at about $10,353.37, suggesting periods of increased taxable income or higher tax rates. Conversely, 2018 showed a dip down to around $7,681.69. These ups and downs may indicate varying economic conditions or policy changes impacting local taxpayers. Understanding these trends is crucial for investors and real estate professionals as it reflects economic health and could influence property valuations and investment strategies. For insurance agents and appraisors, these figures can offer insight into potential market stability and risk assessment.
Cost of Living in Kimble County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,049 | $1,295 | $2,205 | $1,164 | $858 |
| 1 adult 4 children | $1,049 | $1,057 | $1,689 | $1,164 | $936 |
| 2 adults 3 children | $1,049 | $1,058 | $1,911 | $1,164 | $680 |
| 1 adult 3 children | $1,049 | $864 | $1,396 | $1,164 | $691 |
| 2 adults 2 children | $862 | $866 | $1,618 | $1,013 | $610 |
| 1 adult 2 children | $862 | $647 | $1,102 | $1,013 | $547 |
| 2 adults 1 child | $862 | $684 | $1,325 | $523 | $597 |
| 1 adult 1 child | $862 | $442 | $809 | $523 | $487 |
| 2 adults | $718 | $550 | $1,031 | $0 | $538 |
| 1 adult | $650 | $300 | $516 | $0 | $456 |
Safety trends & Data
Kimble County, Texas has seen fluctuating property crime rates over the past five years, impacting potential real estate dynamics. In 2018, burglary incidents peaked at 8, while motor vehicle thefts have shown minor increases in some years, such as 2019 and 2022. These safety concerns could potentially affect property values, insurance costs, and general investment sentiment, making it important to consider crime trends when evaluating real estate opportunities in the... Read more
Property Crime Trends in Kimble County, TX Over the Last 5 Years
Property crime rates in Kimble County, Texas have shown some fluctuation over the last five years, with varied occurrences of burglary, motor vehicle theft, and lesser instances of forgery, fraud, and vandalism. Notably, 2018 saw a higher frequency of burglary (8) compared to subsequent years. Motor vehicle theft remained somewhat consistent with minor increases in certain years, like 2019 and 2022, indicating potential areas of concern for community safety and law enforcement focus. These trends could influence property values, insurance premiums, and overall investment sentiment in the county.
Demographics
Kimble County, Texas exhibits a nearly balanced gender distribution with males and females forming roughly equal halves of the adult population. The age profile is skewed towards an older demographic, with notable spikes in the 55-64 and 65-74 year age brackets. The educational attainment spans wide, but the most notable clusters are high school graduates and individuals with some college education but no degree. Racially, the area is predominantly White, with other racial groups making up a... Read more
Race Distribution in Kimble County, Texas (2022)
Educational Attainment in Kimble County, Texas (2022)
Age Distribution in Kimble County, Texas
Citizen Population in Kimble County, Texas (2022)
Political Trends & Data
Kimble County, Texas, displayed a striking conservative preference in the 2020 U.S. Presidential Election, with around 87% of the vote going to Republican candidates. Democrats captured just over 12%, and Libertarians accounted for roughly 0.7%. Minor parties, including the Green Party, barely made an impact, contributing less than 0.2% combined. This could imply that political leanings here are significantly tilted toward conservative values, which may influence local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Kimble County, Texas, leaned heavily Republican in the 2020 U.S. Presidential Election, with roughly 87% of the vote going to the GOP. Democrats garnered just over 12%, while Libertarians received a minor share of approximately 0.7%. Other parties, including the Green Party, barely registered, accounting for less than 0.2% combined. This suggests a strong conservative preference among voters in this region.
86.69% of voters voted for the Republican party in the 2020 Presidential Election
12.39% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Kimble County, Texas, has seen a notable improvement, trending downward from 13 students per teacher in 2014 to around 11 in 2023. This is better than the national average of 14, possibly signaling higher quality education and positively impacting property values. Wannabe investors, families, and developers might find this data particularly compelling when considering local real estate... Read more
Student-to-teacher ratio in Kimble County, Texas over the last 10 years
The student-to-teacher ratio in Kimble County, Texas, has generally trended downward over the past decade, moving from 13 students per teacher in 2014 to around 11 students per teacher in 2023. This compares favorably to the current national average of 14 students per teacher, suggesting that smaller class sizes might enhance individualized attention and potentially improve educational outcomes. For those looking to invest in or move to Kimble County, these figures could imply a higher quality of education, which might also affect property values positively. Additionally, local real estate agents and insurance agents could consider this data when influencing clients' decisions, and developers might find it compelling to build properties targeting families who prioritize education.
