Knox County Real Estate and Livability Trends
Knox County, Texas has experienced significant shifts in both economic indicators and real estate values. Average taxable incomes have generally risen from 2020 onwards, hinting at economic resilience that might appeal to investors. Real estate taxes per tax return hit a peak in 2020 at $4,350.00, potentially due to fluctuating property values and demand. The median value of occupied housing... Read more
Knox County Market Trends
Knox County, Texas has seen a striking jump in the median value of occupied housing units, rising from $43,300 in 2021 to $55,100 in 2022, bucking the broader state and national trends with its relatively low but rapidly growing values. Real estate taxes per tax return have also fluctuated dramatically, peaking in 2020 at $4,350.00, which could indicate changing property values and demand.... Read more
Median Value of Occupied Housing Units in Knox County, Texas Over the Last 8 Years
Over the last eight years, Knox County, Texas has seen a steady increase in the median value of occupied housing units, culminating in a significant jump from $43,300 in 2021 to $55,100 in 2022. This local growth is intriguing when compared to state-wide figures, where Texas has experienced a consistent uptick from $136,000 in 2015 to $238,000 in 2022. Nationally, median home values followed a similar trend, escalating from $125,500 in 2015 to $179,400 by 2022. For investors and potential homeowners eyeing Knox County, this local market's relatively low but rapidly growing values may present unique opportunities, underscored by the striking difference in price points when compared to broader state and national trends.
Average Real Estate Taxes Per Tax Return in Knox County, TX Over the Last 9 Years
In Knox County, Texas, the average real estate taxes per tax return have shown notable fluctuations over the past nine years. Starting at roughly $1,608.33 in 2012, there was a relatively stable period until 2016, when taxes peaked at $2,370.00. Although a slight dip occurred in 2019, the most dramatic rise came in 2020, reaching $4,350.00. These shifts could be of particular interest to investors and real estate agents as they might indicate changing property values and demand in the region. Insurance agents and appraisers should also note these changes, as they can affect property assessments and insurance premiums.
Percentage of Farm Returns in Knox County, TX Over the Last 10 Years
Over the last decade, Knox County, Texas, has seen a general decline in farm tax returns, starting at roughly 14.84% in 2012 and tapering down to approximately 12.03% by 2021. Though there have been minor fluctuations, this downward trend might suggest changing economic conditions or farming practices in the area. For those considering investing, moving, or developing property in Knox County, understanding these trends could provide insight into the agricultural viability and potential shifts in land use.
Number of Mortgages by Occupancy Type in Knox County, TX Over the Last 5 Years in Knox County
Knox County, Texas has seen fluctuating trends in the number of mortgages issued over the past five years, with the majority being for principal residences. Interestingly, principal residence mortgages peaked in 2022 with 74, up from 29 in 2019, indicating potentially increased demand for permanent homes. Meanwhile, investment property mortgages remained relatively stable but low, generally around one or two per year. Second residences also hovered at low numbers, suggesting less interest in non-primary properties. These trends could imply that Knox County is becoming more attractive for full-time residents rather than investors or seasonal visitors. For potential investors, developers, and real estate agents, these patterns may point to a more family-oriented, stable community. Such insights are crucial for appraisers and insurance agents when evaluating property values and risks, as well as for those looking to move to the county seeking a predominantly residential environment.
Economic Outlook
Over the past nine years, Knox County, Texas, has seen average taxable incomes swinging, peaking at $45,285.82 in 2021 after dipping to $33,832.39 in 2017. This trend suggests a general upward movement from 2020 onwards, hinting at economic resilience that might encourage investor interest. Similarly, average total tax liabilities have experienced volatility, with values hitting $7,244.95 in 2021. Understanding these fiscal patterns could be crucial for real estate agents, appraisers, and... Read more
Average Taxable Income per Tax Return in Knox County, TX over the last 9 years
Over the past nine years, the average taxable income per tax return in Knox County, Texas, experienced fluctuations, reaching a peak of $45,285.82 in 2021. While the income witnessed a dip to $33,832.39 in 2017, there has been a general upward trend, especially notable from 2020 onwards. Investors and real estate agents may view this as an indicator of potential economic resilience and growth in the area. Furthermore, this information could be valuable for appraisers and insurance agents as it provides context for financial stability and economic activity within Knox County.
Average Total Tax Liability Per Tax Return in Knox County, TX Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Knox County, Texas has shown significant fluctuations. In 2013, it peaked at around $7,498.02 but then dipped to a low of about $5,231.58 in 2016. Recent years have seen a general upward trend, with 2021 values reaching approximately $7,244.95. These trends could potentially influence investment strategies, property appraisals, insurance assessments, and real estate market dynamics in the county, as varying tax liabilities impact overall financial planning and budget considerations for residents and businesses alike.
Cost of Living in Knox County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,363 | $2,143 | $1,062 | $842 |
| 1 adult 4 children | $1,005 | $1,113 | $1,642 | $1,062 | $914 |
| 2 adults 3 children | $1,005 | $1,114 | $1,858 | $1,062 | $661 |
| 1 adult 3 children | $1,005 | $909 | $1,357 | $1,062 | $665 |
| 2 adults 2 children | $826 | $912 | $1,573 | $928 | $598 |
| 1 adult 2 children | $826 | $681 | $1,072 | $928 | $531 |
| 2 adults 1 child | $826 | $721 | $1,288 | $495 | $594 |
| 1 adult 1 child | $826 | $465 | $787 | $495 | $483 |
| 2 adults | $658 | $579 | $1,003 | $0 | $533 |
| 1 adult | $623 | $316 | $502 | $0 | $457 |
Safety trends & Data
Knox County, Texas has experienced fluctuating property crime patterns over the last four years. Burglary cases notably dropped from 2018 to 2022, with only one incident reported in 2022. Larceny-theft saw a significant decline by 2019, and motor vehicle theft emerged that same year but didn't escalate. These trends could be crucial for evaluating the area's safety and law enforcement efficiency in curbing property... Read more
Property Crime Trends in Knox County, TX Over the Last 4 Years
Knox County, Texas has seen varied trends in property crimes over the last four years. In 2018, there were higher numbers of larceny-theft and burglary cases compared to subsequent years. The county showed a notable decline in these two categories by 2019, with larceny-theft dropping to 1.0 and burglaries remaining steady, while motor vehicle theft appeared for the first time. By 2020, burglary cases slightly decreased, but motor vehicle theft persisted. Interestingly, 2022 saw only a single burglary incident. These shifting patterns may be significant for those evaluating the area's safety and law enforcement effectiveness in property crime prevention.
Demographics
Knox County, Texas has a slight female majority with intriguing disparities in educational attainment. A notable portion of adults haven't completed high school, while those with some college or an associate's degree make up significant cohorts. The age distribution highlights a balanced yet aging populace, with substantial counts of individuals in both the under 10 and over 75 brackets. Racial demographics indicate a predominantly White population, with other races representing smaller... Read more
Race Distribution in Knox County, Texas (2022)
Educational Attainment in Knox County, Texas (2022)
Age Distribution in Knox County, Texas
Citizen Population in Knox County, Texas (2022)
Political Trends & Data
Knox County, Texas, appears to lean heavily Republican based on the 2020 Presidential Election, where the majority of votes likely supported the party. Democratic and third-party candidates seemed to capture only a modest share of the vote. This potentially conservative bent might influence various aspects of the local real estate market, including buyer preferences and community development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 Presidential Election, Knox County, Texas exhibited a strong tendency towards Republican candidates, with a significant majority potentially supporting this party. The Democratic party seems to have garnered a modest portion of the vote, while third-party preferences, including Libertarian and Green parties, appeared to be minimal. These voting patterns might suggest a predominantly conservative lean within the county.
81.04% of voters voted for the Republican party in the 2020 Presidential Election
18.20% of voters voted for the Democrat party in the 2020 Presidential Election
0.48% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Green party in the 2020 Presidential Election
School Data
Knox County, Texas, has maintained a student-to-teacher ratio consistently below the national average of 14 students per teacher over the last decade, dropping from 9.87 in 2014 to 8.48 in 2023. With a lower ratio suggesting more individualized student attention, this trend might make the county increasingly attractive to families. For investors and real estate agents, this can signal higher property attractiveness due to the potential perception of better educational quality, possibly... Read more
Student-to-teacher ratio in Knox County, Texas over the last 10 years
In Knox County, Texas, the student-to-teacher ratio has consistently been below the national average of 14 students per teacher over the last decade. Over the past ten years, this ratio has gradually declined from 9.87 in 2014 to 8.48 in 2023. Such a low student-to-teacher ratio could suggest more individualized attention for students, which may appeal to families looking to move to the area. For investors and real estate agents, this trend might make properties in the county more attractive due to the probable perception of higher quality education. Appraisors and insurance agents might also take note as well, since perceived better school systems could affect property values and insurance rates.
