Lampasas County Real Estate and Livability Trends
Lampasas County, Texas has experienced a consistent rise in average taxable income, and the jump from $55,197.21 in 2017 to $73,521.66 in 2021 could signal increasing economic stability. Median home values have also climbed significantly from $133,300 in 2015 to $217,100 in 2022, suggesting growing property values and local infrastructure investments. Fluctuations in property crimes and... Read more
Lampasas County Market Trends
Lampasas County, Texas has experienced a notable rise in median home values, climbing from $133,300 in 2015 to $217,100 in 2022, outpacing national trends and aligning somewhat with statewide growth. The county has also seen considerable fluctuations in residential energy tax credits, peaking in 2018, suggesting heightened investment in energy-efficient upgrades. Real estate taxes have nearly... Read more
Median Value of Occupied Housing Units in Lampasas County, Texas Over the Last 8 Years
Lampasas County, Texas has seen a considerable increase in median home values over the last eight years, growing from $133,300 in 2015 to $217,100 in 2022. This upward trend significantly outpaces the national growth from $125,500 to $179,400 and is somewhat aligned with the statewide growth from $136,000 to $238,000. This rapid appreciation in home values might suggest strong market demand and potential investment opportunities for those considering buying property in the area. Current residents could view this trend as a positive indicator of increasing equity.
Residential Energy Tax Credit Per Tax Return in Lampasas County, TX Over the Last 9 Years
Residential energy tax credits in Lampasas County, Texas have seen significant fluctuations over the past nine years, peaking dramatically in 2018 at $3,960.00 per tax return. The marked rise in tax credits since 2016 suggests growing investment in energy-efficient home upgrades, likely driven by increasing awareness of energy conservation and available incentives. Though some variability persists, the upward trend indicates potential cost savings on energy bills and enhanced property values, which could be attractive for investors, homeowners, and appraisers in this region. The sharp jump around 2016-2018 may also imply local shifts in policy or economic conditions favorable to energy efficiency projects.
Average Real Estate Taxes Per Tax Return in Lampasas County, TX Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Lampasas County, Texas have shown a steady upward trend, almost doubling from $4,094.12 in 2012 to $6,631.58 in 2021. This rise suggests increasing property values and growing investment in local infrastructure or services, which might be appealing for potential investors or property developers. However, for current homeowners and prospective buyers, the higher taxes could impact affordability and budgeting considerations. Real estate agents and appraisers should factor in these escalating costs when assessing property values and advising clients.
Percentage of Farm Returns in Lampasas County, TX Over the Last 10 Years
Farm tax returns in Lampasas County, Texas have experienced a gradual decline over the last decade, dropping from about 9.25% in 2012 to roughly 7.57% in 2021. These numbers might suggest a reduction in farming operations or a shift in land use priorities. This trend could be essential for investors or developers interested in local real estate, as it might influence land values and zoning considerations. Additionally, current residents and potential movers could find this data relevant when assessing the area's economic health and community focus. Understanding these shifts could provide strategic insights for optimizing agricultural investments or planning future development projects.
Number of Mortgages by Occupancy Type in Lampasas County, TX Over the Last 5 Years in Lampasas County
Lampasas County, Texas, has shown varying trends in mortgage counts across different occupancy types over the last five years. Principal Residences have consistently remained the dominant category, with a notable spike in 2021 reaching 1,456. Investment Properties, while smaller, have seen steady activity, fluctuating between 50 and 78 mortgages annually. Second Residences, though the smallest segment, indicate potential niche market opportunities, particularly in 2021 with an observed peak of 36 mortgages. Changes in occupancy types can signal shifts in the economic profile and demand structure of the area, offering valuable insights for investors, appraisers, and real estate professionals on market dynamics and growth potential.
Economic Outlook
Lampasas County, Texas has seen a steady rise in average taxable income per tax return, with a significant jump from $55,197.21 in 2017 to $73,521.66 in 2021, suggesting a trend of increasing economic stability. Despite the fluctuations in state and local income taxes, which ranged from approximately $3,020.00 in 2015 to about $5,860.00 in 2014, the growing average total tax liability per tax return—from $8,178.01 in 2012 to $11,675.65 in 2021—hints at endemic economic growth. These trends... Read more
Average Taxable Income per Tax Return in Lampasas County, TX over the last 9 years
Over the past nine years, Lampasas County, Texas has experienced a noticeable rise in average taxable income per tax return. This could suggest a broad trend of increasing prosperity and economic stability in the area, particularly with a significant jump from $55,197.21 in 2017 to $73,521.66 in 2021. Such trends may be encouraging for potential investors, real estate professionals, or anyone considering relocating to the county. The growth may also attract attention from insurance agents and property developers who might note the upward trajectory as an indicator of a progressively affluent community.
Average State and Local Income Taxes Per Tax Return in Lampasas County, TX Over the Last 7 Years
Lampasas County, Texas, has seen significant fluctuations in average state and local income taxes per tax return over the past seven years. The tax amounts ranged notably from a low of approximately $3,020.00 in 2015 to a high of about $5,860.00 in 2014. Such variability may indicate shifting economic conditions or policy changes impacting taxpayers. For investors and real estate professionals, these trends could suggest evolving financial dynamics in the area, potentially affecting the cost of living and investment appeal.
Average Total Tax Liability Per Tax Return in Lampasas County, TX Over the Last 10 Years
In Lampasas County, Texas, the average total tax liability per tax return has seen a noticeable upward trend over the past decade, rising from $8,178.01 in 2012 to around $11,675.65 in 2021. Key jumps are observed in 2018 and 2021, potentially reflecting economic conditions or policy changes. This increase in tax liability could be a crucial consideration for investors and prospective residents as it hints at economic growth and the shifting financial landscape. For appraisers and insurance agents, these figures suggest a changing valuation environment, while real estate agents and those in property development might view these trends as indicators of rising property values or increased cost of living.
Cost of Living in Lampasas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,272 | $1,231 | $2,011 | $1,300 | $897 |
| 1 adult 4 children | $1,272 | $1,005 | $1,538 | $1,300 | $1,006 |
| 2 adults 3 children | $1,272 | $1,005 | $1,744 | $1,300 | $728 |
| 1 adult 3 children | $1,272 | $821 | $1,272 | $1,300 | $798 |
| 2 adults 2 children | $902 | $823 | $1,478 | $1,131 | $617 |
| 1 adult 2 children | $902 | $615 | $1,005 | $1,131 | $551 |
| 2 adults 1 child | $902 | $650 | $1,211 | $581 | $584 |
| 1 adult 1 child | $902 | $420 | $739 | $581 | $485 |
| 2 adults | $685 | $522 | $945 | $0 | $501 |
| 1 adult | $681 | $285 | $472 | $0 | $445 |
Safety trends & Data
Lampasas County, Texas has experienced notable fluctuations in property crimes over the last five years, especially in larceny-theft which surged to 79.00 incidents in 2018 before dropping to 25.00 in 2021. While fraud and forgery have remained relatively stable, fraud saw a peak of 12.00 cases in 2022. Vandalism has become increasingly concerning, spiking to 23.00 incidents in 2022 from just 4.00 in 2020. These trends could provide useful insights for potential investors and real estate... Read more
Property Crime Trends in Lampasas County, TX Over the Last 5 Years
Over the last five years, Lampasas County, Texas has seen significant fluctuations in property crimes, particularly larceny-theft which ranged from a high of 79.00 incidents in 2018 to a low of 25.00 in 2021. Fraud and forgery seem to be relatively stable but are notable concerns, with a notable peak of 12.00 fraud cases in 2022. Vandalism spiked sharply to 23.00 incidents in 2022 from a low of 4.00 in 2020, indicating a growing area of concern. Understanding these property crime trends can provide valuable insights for potential investors, real estate professionals, and those contemplating a move to the area.
Demographics
Lampasas County, Texas, reveals a nearly equal split in its adult male and female populations. The educational attainment levels highlight a significant proportion of residents having high school diplomas and some college experience, though fewer hold bachelor's or advanced degrees. The most densely populated age brackets fall between 35-44 years and 55-64 years, suggesting a potentially aging demographic. Racially, the county is predominantly White, with other racial groups representing much... Read more
Race Distribution in Lampasas County, Texas (2022)
Educational Attainment in Lampasas County, Texas (2022)
Age Distribution in Lampasas County, Texas
Citizen Population in Lampasas County, Texas (2022)
Political Trends & Data
The real estate market in Lampasas County, Texas, might be influenced by its strong political lean with about 78% of votes leaning Republican. Buyers and investors could anticipate a community with predominantly conservative values, potentially impacting local policies, development priorities, and community standards. This political landscape may shape the appeal of the area for those whose preferences align with or differ from those... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lampasas County, Texas, leans heavily Republican with approximately 78% of votes going to the GOP, compared to only about 21% for Democrats. Libertarians and Green Party candidates collectively garnered less than 2% of the vote. This significant skew towards Republican preferences could suggest a strong conservative presence in the area's political landscape.
77.76% of voters voted for the Republican party in the 2020 Presidential Election
20.62% of voters voted for the Democrat party in the 2020 Presidential Election
1.39% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
School Data
Lampasas County, Texas has kept its student-to-teacher ratio close to the national average, fluctuating between 12 to 14 students per teacher over the past decade. This consistency, and occasional dips below the national average, might appeal to parents looking for more individualized attention for their children. For real estate agents and investors, these educational stats could be a strong selling point, potentially driving family-driven property decisions. Appraisers and insurance agents... Read more
Student-to-teacher ratio in Lampasas County, Texas over the last 10 years
Over the last decade, Lampasas County, Texas has generally maintained or slightly fluctuated around the national average for the student-to-teacher ratio. With variations from 12 to 14 students per teacher, this aligns closely with the U.S. average of around 14 students per teacher. Such stability and occasional dips below the national average might be appealing for parents considering relocating due to potentially more individualized attention for students. Real estate agents and investors should take note of these educational statistics, as they could influence family-driven property decisions. Additionally, appraisers and insurance agents might find this data relevant, as areas with favorable educational environments could command higher property values and lower risk metrics.
