Lee County Real Estate and Livability Trends
In Lee County, Texas, the median home value surged from $115,800 in 2015 to $208,100 by 2022, reflecting growth without the extreme price tags seen in larger Texas cities. While rising real estate taxes, now at $6,250.00 per return in 2021, could affect investment strategies, the introduction of residential energy tax credits during 2018-2020 may offer some financial relief to homeowners. The... Read more
Lee County Market Trends
In Lee County, Texas, the median home value soared from $115,800 in 2015 to $208,100 by 2022, still trailing the state's increase to $238,000, signaling potential growth without the hefty price tags of larger Texas cities. Homeowners eyeing energy-efficient upgrades might find local residential energy tax credits lucrative, especially notable spikes in 2018-2020. Real estate taxes have steadily... Read more
Median Value of Occupied Housing Units in Lee County, Texas Over the Last 8 Years
While the median home value in Lee County, Texas surged from $115,800 in 2015 to $208,100 by 2022, surpassing the national growth from $125,500 to $179,400, it still trailed the overall state increase to $238,000. This significant yet lower-than-state jump may present a hidden gem for prospective investors or developers looking for growth opportunities without the premium price of bigger Texas cities. Those considering moving to Lee County could find a balance of appreciation potential and affordability, as the area could offer relative cost advantages compared to broader Texas trends.
Residential Energy Tax Credit Per Tax Return in Lee County, TX Over the Last 9 Years
Over the past nine years, Lee County, Texas has exhibited fluctuating average residential energy tax credits per tax return, with notable spikes in 2018, 2019, and 2020. These variations may suggest opportunities for homeowners or investors to benefit from energy-efficient upgrades. In 2018, the average credit jumped to $4,666.67, vastly higher than previous years, and it remained elevated in subsequent years at $2,016.67 in 2019 and $2,071.43 in 2020. This could imply increased state or federal incentives during these periods, making it potentially advantageous for those considering energy-saving investments in residential properties.
Average Real Estate Taxes Per Tax Return in Lee County, TX Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Lee County, Texas have shown a generally upward trend. In 2012, the average tax per return was approximately $3,763.28, but by 2021, this figure had risen to around $6,250.00. This steady increase suggests a rising property tax burden, which could impact decisions for potential movers, real estate investors, appraisers, and insurance agents. Higher taxes might be indicative of increased property values or local government funding needs, influencing the overall cost of homeownership and investment returns.
Percentage of Farm Returns in Lee County, TX Over the Last 10 Years
Over the last decade, the percentage of farm returns in Lee County, Texas has shown a slightly downward trend, fluctuating around an average of 19.1%. Starting at approximately 20.65% in 2012 and dipping to around 18.32% by 2021, these numbers hint at subtle shifts in the local agricultural economy. Farm tax returns represent the portion of filed tax returns reporting farm income, reflecting the productivity and economic activity within the agricultural sector. For investors, property developers, and those considering moving to or already living in Lee County, this trend may signal evolving opportunities or challenges in the county's farming landscape. This data could be pivotal for aligning investment strategies or understanding the economic well-being of the local agricultural community.
Number of Mortgages by Occupancy Type in Lee County, TX Over the Last 5 Years in Lee County
The number of mortgages for principal residences in Lee County, Texas has shown some variability over the last five years, peaking in 2021 with 758 mortgages. Investment properties have remained relatively stable but less prominent, ranging from 19 to 37 mortgages annually. Second residences have seen minimal activity, with a peak of 27 in 2021. These trends might signal a robust primary housing market, making it appealing for real estate agents and potential homeowners. Investors may face competition from those seeking primary homes, affecting property appraisals and insurance rates. For developers and long-term residents, understanding these shifts can influence decisions on new construction and community planning.
Economic Outlook
In Lee County, Texas, average taxable income per tax return has risen notably from about $57,303.77 in 2013 to roughly $67,577.73 in 2021, suggesting potential economic growth or increased wages. Meanwhile, state and local income taxes per tax return have decreased significantly from $6700.00 in 2012 to $3850.00 in 2017, potentially reducing the cost of living appeal for homebuyers and investors. Total tax liability has seen fluctuations, peaking in 2013 and 2021, possibly aligning with income... Read more
Average Taxable Income per Tax Return in Lee County, TX over the last 9 years
In Lee County, Texas, there's been a notable rise in average taxable income per tax return over the past nine years. Starting at around $57,303.77 in 2013 and peaking at approximately $67,577.73 in 2021, this upward trend could be a signal of economic growth or increasing wages in the area. The most significant jumps were observed in 2018 and again in 2021, potentially indicating periods of robust economic performance. For real estate agents and property developers, these numbers are encouraging, suggesting a potentially higher disposable income for residents, which could impact housing affordability and demand. Insurance agents might also find these increasing values relevant for assessing premiums and coverage needs, while investors might see this as a sign of a growing local economy.
Average State and Local Income Taxes Per Tax Return in Lee County, TX Over the Last 6 Years
Over the past six years in Lee County, Texas, the average state and local income taxes per tax return have shown a notable decline from $6700.00 in 2012 to $3850.00 in 2017. This substantial reduction may be appealing to potential homebuyers and investors, as lower taxes can often translate to reduced cost of living. For real estate agents and appraisers, understanding these tax trends could be key in advising clients about the financial landscape and potential savings in Lee County.
Average Total Tax Liability Per Tax Return in Lee County, TX Over the Last 10 Years
Lee County, Texas, has experienced notable fluctuations in average total tax liability per tax return over the past decade. From a high of $10,760.39 in 2013, the liability dipped to $8,094.52 in 2016, suggesting a temporary relief or shift in economic factors. More recently, 2021 saw another peak at $10,760.62, pointing to a possible alignment or increase in income levels or changes in tax policy. These variances can indicate underlying economic health shifts in the county, which could be essential for real estate agents, insurance agents, investors, and appraisers analyzing long-term financial trends and fiscal stability in the area.
Cost of Living in Lee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,313 | $1,351 | $1,774 | $1,589 | $998 |
| 1 adult 4 children | $1,313 | $1,103 | $1,357 | $1,589 | $1,144 |
| 2 adults 3 children | $1,313 | $1,104 | $1,539 | $1,589 | $826 |
| 1 adult 3 children | $1,313 | $901 | $1,122 | $1,589 | $937 |
| 2 adults 2 children | $1,079 | $904 | $1,305 | $1,387 | $725 |
| 1 adult 2 children | $1,079 | $675 | $887 | $1,387 | $723 |
| 2 adults 1 child | $1,079 | $714 | $1,070 | $731 | $685 |
| 1 adult 1 child | $1,079 | $461 | $652 | $731 | $576 |
| 2 adults | $896 | $574 | $835 | $0 | $566 |
| 1 adult | $814 | $313 | $418 | $0 | $490 |
Safety trends & Data
Property crime in Lee County, Texas, has shown fluctuating trends over the past five years, with larceny-theft hovering between 19 and 21 incidents annually. Burglary incidents notably dipped to 3 in 2020 but rose to 8 by 2022. Vandalism arrests experienced a frequent drop, hitting a low of 1 in 2021, while forgery and counterfeiting arrests consistently stayed below 4 each year. These figures may be worth noting for real estate professionals and investors assessing the area's overall safety... Read more
Property Crime Trends in Lee County, TX Over the Last 5 Years
Property crime in Lee County, Texas, fluctuated over the last five years, showing various trends that might be significant to potential investors and residents. While 2018 recorded relatively high numbers in larceny-theft (20) and motor vehicle theft (13), these figures experienced slight drops, with larceny-theft alternating between 19 and 21 in subsequent years. 2020 marked a notable decline in burglary incidents (3), though the number rose again in 2022 to 8. Interestingly, vandalism arrests frequently dropped, reaching a low of 1 in 2021. Also, forgery and counterfeiting arrests remained consistently low, never exceeding 4 annually. This data could be useful for real estate agents, insurance agents, and appraisers assessing the area's safety and potential risk to investments.
Demographics
Lee County, Texas showcases a slight male majority in its adult population, comprising 51% males and 49% females. Educational attainment is diverse, yet a large segment has only high school diplomas or some college with no degree indicating room for educational growth. The age distribution highlights a significant elderly population with 60-64 years being notably dense, suggesting potential demand for senior services. Racially, the county predominantly identifies as White, yet there is a... Read more
Race Distribution in Lee County, Texas (2022)
Educational Attainment in Lee County, Texas (2022)
Age Distribution in Lee County, Texas
Citizen Population in Lee County, Texas (2022)
Political Trends & Data
Lee County, Texas, showcased a significant leaning towards the Republican party in the 2020 Presidential Election, possibly with about 77% of votes favoring Republican candidates. Democrats might have captured around 21% of the vote, and minor parties seemed to hold little sway. This voting trend suggests a strong conservative base in the county, mirroring larger regional political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lee County, Texas, displayed a strong inclination towards the Republican party in the 2020 U.S. Presidential Election, with approximately 77% of the votes potentially going to Republican candidates. Democrats might have garnered around 21% of the vote, while minor parties like the Libertarian and Green parties seemingly held negligible influence. This voting pattern potentially underscores a heavily conservative leaning among the electorate, reflecting broader regional political dynamics.
77.35% of voters voted for the Republican party in the 2020 Presidential Election
21.64% 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
0.20% of voters voted for the Green party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lee County, Texas, boasts a student-to-teacher ratio consistently below the national average, hovering between 12 and 13 students per teacher. This trend towards smaller class sizes could suggest more personalized attention for students, a feature likely to attract families considering a move. For real estate professionals, these educational metrics might indicate a stable, potentially growing market, projecting community desirability and underlining its long-term investment... Read more
Student-to-teacher ratio in Lee County, Texas over the last 10 years
Over the past decade, Lee County, Texas, has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher. With values floating between 12 and 13 students per teacher, this could signal smaller class sizes, potentially leading to more individualized attention for students. This tends to be an appealing factor for families considering relocating to the area, and could notably impact property values. For investors, appraisers, and real estate agents, understanding these educational metrics may provide valuable insights into the community's desirability and long-term investment stability.
