Limestone County Real Estate and Livability Trends
Limestone County, Texas has experienced an increase in average taxable income per tax return, from about $42,302.98 in 2013 to roughly $53,648.52 in 2021, signifying gradual economic growth. Median home values have surged from $83,500 in 2015 to $135,400 in 2022, presenting an appealing and affordable market relative to state and national trends. Property crime rates have dramatically decreased,... Read more
Limestone County Market Trends
Limestone County’s median home values skyrocketed from $83,500 in 2015 to $135,400 in 2022, presenting an appealing market for value-conscious buyers and investors. Despite this surge, it's still more affordable compared to Texas and national trends. Significant fluctuation in residential energy tax credits, particularly spikes in 2019 and 2021, indicate rising interest in energy efficiency,... Read more
Median Value of Occupied Housing Units in Limestone County, Texas Over the Last 8 Years
Limestone County's median home values have surged significantly over the past eight years, jumping from $83,500 in 2015 to $135,400 in 2022. Compared to both Texas and national trends, Limestone County still offers more affordable housing options, with Texas values climbing from $136,000 to $238,000 and national figures rising from $125,500 to $179,400 over the same period. This relative affordability, combined with recent growth, makes Limestone County an interesting prospect for potential homebuyers and investors seeking value in an appreciating market.
Residential Energy Tax Credit Per Tax Return in Limestone County, TX Over the Last 8 Years
Residential energy tax credits in Limestone County, Texas, have shown significant fluctuations over the past eight years. Noticeable spikes occurred in 2019 and 2021, with average credits jumping to $1,385.71 and $2,440.00 respectively, compared to previous years where the amounts were considerably lower, averaging around $284.62 to $466.67 between 2013 and 2017. This trend suggests an increasing awareness and adoption of energy-efficient improvements among residents, potentially impacting property values and offering investment opportunities in green technologies. Real estate agents, appraisers, and insurance agents may find this data useful for advising clients on property investments and energy improvements.
Average Real Estate Taxes Per Tax Return in Limestone County, TX Over the Last 10 Years
Real estate taxes in Limestone County, Texas have shown a notable upward trend over the past decade. Starting at an average of $2,734.91 per tax return in 2012, they have steadily increased, peaking at $5,480.00 in 2020 with a slight drop to $5,129.17 in 2021. This pattern might suggest increasing property values or higher tax rates, potentially signaling a robust local economy. For those looking to invest or move to the area, this could imply rising costs of homeownership. Meanwhile, appraisers and real estate agents might view these trends as indicators of a growing market but should exercise caution due to fluctuations.
Percentage of Farm Returns in Limestone County, TX Over the Last 10 Years
The percentage of farm returns in Limestone County, Texas, has shown some variability over the past decade, generally fluctuating between approximately 10.03% and 11.65%. Despite slight decreases in certain years, the overall trend does not indicate a sharp decline or significant growth. Farm tax returns represent the tax documentation submitted by farming operations to report income and expenses, giving potential investors insights into the agricultural sector's health. This consistency might offer stability for those interested in investing in agricultural ventures or real estate in Limestone County.
Number of Mortgages by Occupancy Type in Limestone County, TX Over the Last 5 Years in Limestone County
In Limestone County, Texas, the number of mortgages for principal residences has shown a significant increase over the past five years, peaking in 2021 with 795 mortgages. Investment property mortgages have fluctuated but remain much lower in comparison, with a slight increase from 22 in 2019 to 53 in 2022. Second residences have seen relatively stable but lower numbers, ranging from 39 in 2018 to 76 in 2020. Shifts in occupancy type are crucial for investors and insurers to understand market dynamics and risks. Real estate agents and developers need to gauge demand accurately, particularly if there's a higher churn or emerging interest in second homes and investment properties. Changing patterns can also signal economic shifts, influencing appraisal strategies and offering data-backed insights for those considering moving to or investing in the area.
Economic Outlook
Limestone County, Texas has seen an increase in average taxable income per tax return, growing from about $42,302.98 in 2013 to roughly $53,648.52 in 2021. This upward trend hints at a gradual economic improvement, likely appealing to investors and real estate agents scouting promising markets. Additionally, fluctuating state and local income taxes, with highs of $4,225.00 in 2016 and lows around $2,975.00 in 2014, signify dynamic economic conditions that might influence the financial... Read more
Average Taxable Income per Tax Return in Limestone County, TX over the last 9 years
Over the past nine years, Limestone County, Texas has seen a general uptick in average taxable income per tax return, with figures growing from approximately $42,302.98 in 2013 to roughly $53,648.52 in 2021. This trend suggests a gradual economic improvement which could be appealing to investors and real estate agents looking for promising markets. Moreover, higher incomes may also influence property appraisals and insurance premiums, potentially making the area more attractive to those considering moving or building in Limestone County.
Average State and Local Income Taxes Per Tax Return in Limestone County, TX Over the Last 6 Years
Limestone County, Texas has experienced fluctuations in average state and local income taxes per tax return over the past six years, with notable highs of $4,225.00 in 2016 and $4,400.00 in 2017, and lows around $2,975.00 in 2014. Such variations could suggest dynamic economic conditions influencing residents' taxable income and the local tax environment. For potential investors or residents, understanding these trends might offer insight into the financial landscape and cost of living shifts in the area, affecting considerations for property investment, building new developments, or assessing insurance and appraisal values.
Average Total Tax Liability Per Tax Return in Limestone County, TX Over the Last 10 Years
Over the past decade in Limestone County, Texas, the average total tax liability per tax return has shown a general upward trend, with notable fluctuations. Starting from approximately $6,359.67 in 2012, it climbed to a high of around $7,621.50 in 2015. Although there was a dip in 2016 to about $6,622.10, it rebounded with an upswing reaching approximately $7,566.30 by 2020. This pattern suggests some volatility yet overall growth, reflecting an evolving economic landscape that could bear significance for potential investors, real estate agents, and those considering residential moves to the area.
Cost of Living in Limestone County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,073 | $1,190 | $1,848 | $1,105 | $699 |
| 1 adult 4 children | $1,073 | $972 | $1,414 | $1,105 | $762 |
| 2 adults 3 children | $1,073 | $972 | $1,603 | $1,105 | $557 |
| 1 adult 3 children | $1,073 | $794 | $1,169 | $1,105 | $541 |
| 2 adults 2 children | $882 | $796 | $1,359 | $964 | $516 |
| 1 adult 2 children | $882 | $595 | $924 | $964 | $456 |
| 2 adults 1 child | $882 | $629 | $1,114 | $505 | $525 |
| 1 adult 1 child | $882 | $406 | $679 | $505 | $438 |
| 2 adults | $670 | $505 | $869 | $0 | $469 |
| 1 adult | $590 | $276 | $434 | $0 | $404 |
Safety trends & Data
Limestone County, Texas has seen a remarkable drop in property crimes, especially in burglary and larceny-theft cases, which saw declines from 28.0 to 7.0 and 120.0 to 32.0, respectively, between 2018 and 2022. While motor vehicle theft and vandalism rates have remained steady, the sharp decrease in forgery and fraud incidents suggests a significantly improving safety landscape. This trend could make the area more attractive to both new residents and potential... Read more
Property Crime Trends in Limestone County, TX Over the Last 5 Years
Limestone County, Texas has observed an overall decline in property crimes over the past five years, with notable reductions in burglary and larceny-theft cases. From 2018 to 2022, burglary incidents dropped from 28.0 to 7.0, and larceny-theft cases fell from 120.0 to 32.0. While categories like motor vehicle theft and vandalism have shown more consistency, there's been a significant decrease in forgery, counterfeiting, and fraud from earlier years' peaks. This trend suggests an improving safety environment, potentially making the region more appealing for new residents and investors.
Demographics
Limestone County, Texas, displays a near-even split between its male and female adult populations. The majority of adults have completed high school, with smaller segments attaining higher education degrees. Age distribution suggests a broad age range, with significant representation across all groups, particularly those aged 55 to 64 years. Racially, the county is predominantly White, with notable communities of Black or African American residents and smaller multicultural populations. These... Read more
Race Distribution in Limestone County, Texas (2022)
Educational Attainment in Limestone County, Texas (2022)
Age Distribution in Limestone County, Texas
Citizen Population in Limestone County, Texas (2022)
Political Trends & Data
Limestone County in Texas leans significantly towards the Republican party, with nearly 75% of the 2020 votes compared to about 24% for Democrats. Libertarian and Green parties have a minimal presence, each capturing less than 1% of the vote. This predominantly conservative electorate may shape local policies and future election... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Limestone County in Texas potentially showcases a significant lean towards the Republican party, accounting for nearly 75% of the 2020 votes, compared to about 24% for Democrats. Libertarian and Green parties hold minimal sway, with less than 1% of the vote each. This suggests a predominantly conservative electorate, which could impact local policies and future election strategies.
74.65% of voters voted for the Republican party in the 2020 Presidential Election
24.33% of voters voted for the Democrat party in the 2020 Presidential Election
0.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
School Data
Limestone County, Texas, has seen a significant drop in its student-to-teacher ratio from 18 in 2014 to 11 in 2023, well below the national average of 14. This could attract families focused on education and make the area appealing to real estate agents targeting these buyers. Such trends may positively influence property appraisals and draw interest from investors and developers in educational facilities. For insurance agents, it signals a stable and engaged community, which could impact risk... Read more
Student-to-teacher ratio in Limestone County, Texas over the last 10 years
Over the past decade, Limestone County, Texas has seen a notable decline in its student-to-teacher ratio, dropping from 18 students per teacher in 2014 to 11 in 2023. With a consistent decrease, particularly coming under the national average of 14 students per teacher, the county likely offers more individualized attention to students. This trend could entice families prioritizing education when considering relocation, make the area attractive to real estate agents targeting this demographic, and affect appraisals positively. Investors and developers might also see potential in educational facilities, given these improving ratios. For insurance agents, this could signal a more stable and engaged community, impacting risk assessments.
