King County Real Estate and Livability Trends
King County, Texas, has experienced dramatic changes in its median home values, plunging from $73,000 in 2015 to just $22,800 by 2020, diverging from broader rising trends nationally and in the state. Meanwhile, average taxable income and total tax liability per tax return have shown significant volatility, emphasizing the financial unpredictability in the area. The low student-to-teacher ratio,... Read more
King County Market Trends
King County, Texas, has seen a dramatic drop in median home values, plunging from $73,000 in 2015 to just $22,800 by 2020, which contrasts sharply with the rising state and national trends. Despite this, a notable rise in principal residences since 2020 suggests shifting priorities towards owner-occupied homes. Farm returns in the area have also fluctuated significantly, hinting at varied... Read more
Median Value of Occupied Housing Units in King County, Texas Over the Last 8 Years
King County, Texas has shown fluctuating trends in median home values over the past eight years, significantly diverging from both state and national patterns. From $73,000 in 2015, the value dropped sharply to $22,800 by 2020, raising some eyebrows among potential investors and residents. This decline stands in stark contrast to Texas, which saw consistent growth from $136,000 in 2015 to $238,000 in 2022. Nationally, the trend was similarly positive, rising from $125,500 in 2015 to $179,400 in 2022. Such a downturn in King County’s housing market might hint at underlying economic or demographic shifts worth investigating.
Percentage of Farm Returns in King County, TX Over the Last 9 Years
King County, Texas has seen fluctuating percentages of farm returns over the past nine years, ranging from a low of 16.67% in 2016 to a high of 27.27% in 2018. The trends suggest varying levels of agricultural productivity and economic shifts in the area. Farm tax returns, essentially documentation of income from agricultural activities, serve as a key indicator of the financial health of the farming community, reflecting both opportunities and challenges in local agriculture. Investors and prospective residents interested in the agricultural sector of King County could find these trends particularly relevant, as they hint at both the stability and variability of farming profitability in the region.
Number of Mortgages by Occupancy Type in King County, TX Over the Last 5 Years in King County
The mortgage landscape in King County, Texas reveals an intriguing shift in occupancy types over the past five years. Principal residences have seen a significant rise, especially from 2020 onward, with a peak in 2022. Investment properties and second residences show minimal activity by comparison. These changes in occupancy types can impact various stakeholders: investors may spot opportunities in a rising market for primary homes; developers and real estate agents may prioritize accommodating growing residential demand; appraisers and insurance agents might adjust models to reflect the increasing proportion of owner-occupied homes. Understanding these trends can be crucial for anyone engaged in the county's real estate market.
Economic Outlook
King County, Texas has witnessed sizeable fluctuations in average taxable income and total tax liability per tax return over the past decade. Average taxable income reached $172,260.00 in 2021 after dipping to $36,809.09 in 2018, indicating periods of volatility that might impact long-term financial planning. Similarly, average total tax liability soared to $53,462.50 in 2021 from lows of $5,087.50 in earlier years, suggesting potential influences by high-income earners or tax policy shifts.... Read more
Average Taxable Income per Tax Return in King County, TX over the last 9 years
King County, Texas has seen considerable fluctuations in average taxable income per tax return over the past nine years. Starting at $48,800.00 in 2013 and peaking dramatically to $172,260.00 in 2021, the data suggest periods of volatility that could impact long-term financial planning and investment strategies. Notably, there's a significant drop in 2018 to $36,809.09, hinting at potential challenges or economic shifts. For those looking to invest, build, or gauge the market, this data underscores the need for careful analysis of economic cycles and local factors influencing income trends in this region.
Average Total Tax Liability Per Tax Return in King County, TX Over the Last 10 Years
Over the past decade, King County, Texas has experienced a significant fluctuation in average total tax liability per tax return. From a low of $5,087.50 in 2016 and 2019, it surged dramatically to $53,462.50 in 2021. This sharp rise could suggest a growth in high-income earners or changes in tax policy, making it crucial for appraisers, real estate investors, and insurance agents to stay informed about the evolving financial landscape in the county. Understanding these trends is also essential for those looking to move, build property, or engage in real estate transactions in King County.
Cost of Living in King County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,161 | $1,363 | $2,079 | $1,199 | $965 |
| 1 adult 4 children | $1,161 | $1,113 | $1,592 | $1,199 | $1,083 |
| 2 adults 3 children | $1,161 | $1,114 | $1,803 | $1,199 | $783 |
| 1 adult 3 children | $1,161 | $909 | $1,316 | $1,199 | $834 |
| 2 adults 2 children | $885 | $912 | $1,527 | $1,046 | $666 |
| 1 adult 2 children | $885 | $681 | $1,040 | $1,046 | $626 |
| 2 adults 1 child | $885 | $721 | $1,250 | $548 | $650 |
| 1 adult 1 child | $885 | $465 | $763 | $548 | $542 |
| 2 adults | $705 | $579 | $974 | $0 | $573 |
| 1 adult | $667 | $316 | $487 | $0 | $480 |
Demographics
King County, Texas has a nearly even split of male and female residents, indicating a balanced gender ratio. Education levels suggest a significant portion of the population has completed high school or higher, with a notable 41 having a bachelor’s degree, but very few in the graduate or professional categories. Age distribution highlights a strong presence of middle-aged adults, particularly those between 25 to 64 years, with a lesser concentration of younger and older adults. The racial... Read more
Race Distribution in King County, Texas (2022)
Educational Attainment in King County, Texas (2022)
Age Distribution in King County, Texas
Citizen Population in King County, Texas (2022)
School Data
King County, Texas, boasts a notably low student-to-teacher ratio, fluctuating between 5 and 7 students per teacher, against the national average of 14. This trend could make properties near high-quality schools attractive, potentially driving up property values. Heightened educational attention per student makes the area appealing for families prioritizing education, signaling possible demand shifts that real estate investors, agents, and appraisers might leverage for market forecasts and... Read more
Student-to-teacher ratio in King County, Texas over the last 10 years
King County, Texas has consistently maintained a notably low student-to-teacher ratio over the past decade compared to the national average of 14 students per teacher. Fluctuating between roughly 5 and 7 students per teacher, this trend highlights a trend of improved educational attention per student and potential lower classroom sizes, which could be highly attractive for families prioritizing education. For investors, real estate agents, and insurance agents, these figures might suggest heightened demand for properties near high-quality schools, potentially driving up property values. Furthermore, potential home builders and appraisers may find this data valuable in forecasting market trends and setting accurate valuations.
