Loving County Real Estate and Livability Trends
Loving County, Texas, has shown a dramatic climb in median home values, jumping from $92,500 in 2015 to $218,800 in 2022. Though still more affordable than Texas's state average of $238,000, this surge might suggest emerging investment opportunities. Interestingly, despite this increase in home values, the number of mortgages for principal residences fell sharply from 8 in 2019 to 2 in 2021,... Read more
Loving County Market Trends
Loving County, Texas, has experienced a significant jump in median home values, rising from $92,500 in 2015 to $218,800 in 2022, a stark contrast to the statewide increase from $136,000 to $238,000, and the national rise from $125,500 to $179,400 in the same period. This surge could indicate potential investment opportunities as the county may still offer relative affordability compared to state... Read more
Median Value of Occupied Housing Units in Loving County, Texas Over the Last 8 Years
Loving County, Texas, has seen a jump in median home values from $92,500 in 2015 to $218,800 in 2022. This recent surge starkly contrasts with Texas's statewide growth, which started at $136,000 in 2015 and reached $238,000 by 2022, and with national growth from $125,500 to $179,400 in the same period. This disparity suggests potential investment opportunities in Loving County as it may still offer relative affordability compared to state and national averages, contributing factors possibly being unique local developments or market corrections in the larger Texas housing market.
Number of Mortgages by Occupancy Type in Loving County, TX Over the Last 4 Years in Loving County
In Loving County, Texas, there's been a noticeable shift in the number of mortgages for principal residences over the past four years, decreasing from 8 in 2019 to 2 in 2021. This trend could signal changing market dynamics and buyer preferences, potentially impacting real estate investments and property values. For those in real estate, appraising, or insurance, these shifts might suggest a more cautious market sentiment or shifts in demographic patterns. Such changes in occupancy type can influence risk assessments, market forecasts, and even local economic strategies, making them essential for future planning and decision-making.
Economic Outlook
Loving County, Texas has seen its average taxable income per tax return show notable fluctuations over the past nine years, climbing from a dip in 2015 at $64,433.33 to peak sharply in 2020 at $109,275.00. This upward trend, despite some variability, might hint at a growing economic environment attractive to real estate developers and investors. However, the associated fluctuations also underscore potential economic volatility, which insurance agents and appraisers should factor into risk... Read more
Average Taxable Income per Tax Return in Loving County, TX over the last 9 years
The average taxable income per tax return in Loving County, Texas has shown notable fluctuations over the past nine years, with a general upward trend. After a dip in 2015 to $64,433.33, incomes generally increased, peaking sharply in 2020 at $109,275.00. Such income trends suggest a possibly growing economic environment, which could be enticing for prospective investors and real estate developers. However, the variability highlights potential economic volatility, a factor that insurance agents and appraisers might want to consider when evaluating risk and property values.
Average Total Tax Liability Per Tax Return in Loving County, TX Over the Last 9 Years
In Loving County, Texas, the average total tax liability per tax return has displayed significant fluctuations over the past nine years. The figures spiked remarkably in 2014 to $23,700.00 but then corrected to a lower range, peaking again in 2020 at $26,833.33. For potential investors and homeowners, these volatile numbers might reflect the underlying economic activities and opportunities unique to the area. Such variability could indicate shifting property values and possibly affect insurance considerations, presenting both opportunities and risks for financial planners and real estate professionals.
Cost of Living in Loving County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,161 | $1,424 | $1,762 | $1,310 | $992 |
| 1 adult 4 children | $1,161 | $1,163 | $1,347 | $1,310 | $1,103 |
| 2 adults 3 children | $1,161 | $1,163 | $1,529 | $1,310 | $788 |
| 1 adult 3 children | $1,161 | $949 | $1,114 | $1,310 | $883 |
| 2 adults 2 children | $885 | $952 | $1,296 | $1,145 | $685 |
| 1 adult 2 children | $885 | $711 | $881 | $1,145 | $661 |
| 2 adults 1 child | $885 | $752 | $1,063 | $608 | $661 |
| 1 adult 1 child | $885 | $486 | $648 | $608 | $556 |
| 2 adults | $705 | $604 | $830 | $0 | $570 |
| 1 adult | $667 | $330 | $415 | $0 | $472 |
Demographics
Loving County, Texas has a slightly higher male population compared to females. The bulk of its population holds some level of college education but no bachelor's or graduate degrees. The age distribution skews towards younger children and older adults, with notable gaps in the teen and middle-age brackets. The racial composition is predominantly White, with a small representation of Asians and no recorded figures for other... Read more
