Lamar County Real Estate and Livability Trends
In Lamar County, Texas, median home values have surged by 77% since 2015, from $85,900.00 to $152,800.00 in 2022, outpacing national and state averages in growth rate. This significant increase hints at a strengthening local economy and rising property values, which are also mirrored by a noticeable hike in average taxable income and tax liabilities. The community's growing focus on energy... Read more
Lamar County Market Trends
Lamar County, Texas has seen its median home values soar by 77% since 2015, climbing from $85,900.00 to $152,800.00 in 2022, outpacing both the national and state averages in growth rate. Average Residential Energy Tax Credits have also surged, suggesting a community increasingly focused on energy efficiency, which could attract eco-conscious investors. Real estate taxes have risen substantially,... Read more
Median Value of Occupied Housing Units in Lamar County, Texas Over the Last 8 Years
Lamar County, Texas has experienced significant growth in median home values over the last eight years, rising from $85,900.00 in 2015 to $152,800.00 in 2022. While still lower than the national median of $179,400.00 for 2022, the pace of increase in Lamar County appears notably faster, reflecting a strong local real estate market. Compared to the state of Texas, where the median hit $238,000.00 in 2022, Lamar County remains more affordable yet shows promise with a remarkable 77% increase in median home values since 2015. This might indicate a developing area with growing investment potential for those looking to buy or build properties.
Residential Energy Tax Credit Per Tax Return in Lamar County, TX Over the Last 9 Years
Lamar County, Texas has seen a significant increase in the average Residential Energy Tax Credit per tax return over the last nine years, jumping from around $277.14 in 2013 to approximately $1,615.79 in 2021. The sharpest spike occurred in 2018, reaching a notable $1,700.00. This trend suggests a growing investment in energy-efficient home improvements and solar installations, which could indicate a progressively environmentally conscious community. It may also hint at potential appreciation in property values, given the higher energy efficiency, making it an appealing market for investors, real estate agents, and homebuilders.
Average Real Estate Taxes Per Tax Return in Lamar County, TX Over the Last 10 Years
In Lamar County, Texas, average real estate taxes per tax return have seen a notable upward trajectory over the past decade. Starting at $2,797.78 in 2012, the amount has steadily increased to $4,743.55 in 2021. This trend signifies a significant rise, particularly marked by jumps in 2018 and 2019. For investors, homeowners, and real estate professionals, this information suggests that while the area may be experiencing growth and potentially increasing property values, it also comes with a higher tax burden over time.
Percentage of Farm Returns in Lamar County, TX Over the Last 10 Years
Over the past decade, Lamar County, Texas has seen subtle fluctuations in farm tax returns, hovering around 8.7% to 9.1%. Notable peaks occurred in 2017 and 2018, hitting 9.08%. However, the trend slightly dipped in 2020 to 8.57%. These variations in farm returns could potentially signal shifts in agricultural productivity or market conditions, which might be crucial for investors, builders, and residents considering the economic viability and development opportunities in the region.
Number of Mortgages by Occupancy Type in Lamar County, TX Over the Last 5 Years in Lamar County
Over the past five years, Lamar County, Texas has seen a significant trend in mortgage counts, especially for principal residences which have consistently dominated the market. Investment properties and second residences, while noticeably lower in number, have shown some fluctuations with a peak in 2021 for investment properties. Changes in occupancy type can influence property values, investment strategies, and insurance considerations, as higher demand for principal residences might suggest a stable, family-oriented community attractive to long-term residents. Investors might be cautious with the fluctuating numbers for investment properties, while real estate agents and appraisers will find it useful to note the rising interest in principal residences, which could affect market dynamics and property valuations in upcoming years.
Economic Outlook
Lamar County, Texas, has experienced a steady rise in average taxable income per tax return, jumping from $44,137.36 in 2013 to $63,002.19 in 2021, hinting at a strengthening local economy. Additionally, state and local income taxes have more than doubled in the last decade, with an increase from $3,681.48 in 2012 to $6,570.00 in 2021, possibly reflecting improved public services and infrastructure. Average total tax liabilities per tax return also rose, peaking at $10,270.82 in 2021, which... Read more
Average Taxable Income per Tax Return in Lamar County, TX over the last 9 years
Lamar County, Texas has seen a notable upward trend in average taxable income per tax return over the past nine years. Starting at $44,137.36 in 2013, the average saw steady increases with some fluctuations, reaching $63,002.19 by 2021. This growth suggests a potentially strengthening local economy, which could be appealing for investors, property builders, and insurance agents alike. This shift might also be of particular interest to real estate agents and those considering moving to the area, as it indicates a rise in the financial health and possibly the standard of living for residents.
Average State and Local Income Taxes Per Tax Return in Lamar County, TX Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Lamar County, Texas have shown a noticeable upward trend, rising from $3,681.48 in 2012 to $6,570.00 in 2021. This increment suggests a shift in the county's fiscal landscape, which might influence decisions for potential investors or those considering relocation. Higher taxes could indicate increased public services or improvements in infrastructure, potentially enhancing property values and living conditions. However, this could also affect overall affordability, making it a crucial factor for appraisers, real estate agents, and insurance agents to consider in their evaluations and advice.
Average Total Tax Liability Per Tax Return in Lamar County, TX Over the Last 10 Years
Over the last decade, Lamar County, Texas has experienced fluctuating but generally increasing average total tax liabilities per tax return. Starting at approximately $7,035.06 in 2012, the average liability saw notable jumps, particularly peaking in 2021 at about $10,270.82. This upward trend, despite some variability, might suggest rising property values or increased local economic activity, making it a point of interest for potential investors or those looking to move into the area. Real estate agents, appraisers, and insurance agents should take note of these financial shifts when considering property valuations and insurance premiums.
Cost of Living in Lamar County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,136 | $1,315 | $2,076 | $1,085 | $797 |
| 1 adult 4 children | $1,136 | $1,074 | $1,590 | $1,085 | $861 |
| 2 adults 3 children | $1,136 | $1,074 | $1,800 | $1,085 | $626 |
| 1 adult 3 children | $1,136 | $877 | $1,314 | $1,085 | $626 |
| 2 adults 2 children | $841 | $879 | $1,525 | $947 | $543 |
| 1 adult 2 children | $841 | $657 | $1,038 | $947 | $468 |
| 2 adults 1 child | $841 | $695 | $1,249 | $496 | $544 |
| 1 adult 1 child | $841 | $449 | $762 | $496 | $439 |
| 2 adults | $655 | $558 | $973 | $0 | $486 |
| 1 adult | $562 | $305 | $486 | $0 | $404 |
Safety trends & Data
Over the past five years, Lamar County, Texas has seen significant fluctuations in property crimes, with a notable decline in burglary and larceny-theft cases. For instance, burglaries dropped from 50 in 2018 to 26 in 2022, and thefts decreased from 142 to 60 in the same period. Interestingly, arson cases spiked to 5 in 2022 from just 1 in 2021. This evolving crime landscape could impact risk assessments, property valuations, and insurance premiums, making it essential for investors and... Read more
Property Crime Trends in Lamar County, TX Over the Last 5 Years
Over the past five years, Lamar County, Texas, has seen noticeable fluctuations in property crimes, with a general decline in traditional crimes like burglary and larceny-theft. In 2018, there were 50 burglaries and 142 thefts, but by 2022, these numbers had dropped to 26 and 60, respectively. However, incidents like arson have been inconsistent, showing a spike in 2022 with 5 cases from just 1 in 2021. Trends suggest potential stability in certain crime rates, but it's crucial for investors, property developers, and insurance agents to consider these dynamics when evaluating risk and property valuation in this growing market.
Demographics
The demographic composition in Lamar County, Texas shows a relatively even gender split with a slight female majority. Educational attainment highlights a substantial number of high school graduates, yet nearly the same amount of residents have not pursued education beyond some college. Age distribution skews slightly towards older demographics with significant populations in the 55 to 64 and 65 to 74 age brackets, hinting at an aging population. Racially, Lamar County appears predominantly... Read more
Race Distribution in Lamar County, Texas (2022)
Educational Attainment in Lamar County, Texas (2022)
Age Distribution in Lamar County, Texas
Citizen Population in Lamar County, Texas (2022)
Political Trends & Data
Lamar County, Texas, showed a strong Republican preference in the 2020 U.S. Presidential Election, with the party potentially capturing over 78% of the vote, while Democrats may have received roughly 21%. This significant partisan gap could shape future campaign strategies, reflecting local political leanings. Minor parties like the Libertarians and Greens likely had minimal influence, barely crossing 1% of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lamar County, Texas, largely leaned toward the Republican party in the 2020 U.S. Presidential Election, with them potentially securing just over 78% of the vote. In contrast, Democrats appear to have garnered about 21%, illustrating a significant partisan gap. Minor parties like the Libertarians and Greens possibly made minimal impact, with their shares barely crossing 1%. The data might reflect local political inclinations and could influence future campaign strategies.
78.16% of voters voted for the Republican party in the 2020 Presidential Election
20.79% of voters voted for the Democrat party in the 2020 Presidential Election
0.80% of voters voted for the Livertarian party in the 2020 Presidential Election
0.13% of voters voted for the Green party in the 2020 Presidential Election
0.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lamar County, Texas, has maintained a student-to-teacher ratio around 12 over the past decade, lower than the national average of 14. This could imply a more personalized educational experience for students, potentially appealing to families considering a move. Real estate agents might leverage this as a selling point, and it could influence how appraisers and insurance agents assess property trends and risks tied to local education... Read more
Student-to-teacher ratio in Lamar County, Texas over the last 10 years
Over the past decade, Lamar County, Texas, has witnessed a relatively stable student-to-teacher ratio, consistently hovering around the 12 mark. This ratio is slightly lower than the US national average of 14 students per teacher, potentially indicating a more personalized educational experience for students. Such trends could be appealing to families considering a move to the area, as well as to investors and developers who may see value in a community that prioritizes lower classroom sizes. Real estate agents could particularly highlight this as a selling point for homes in the district, and appraisers and insurance agents might find these insights relevant when evaluating property trends and risks related to local education quality.
