Lynn County Real Estate and Livability Trends
Lynn County, Texas has experienced an average taxable income growth from $46,744.72 in 2014 to $73,793.95 in 2021, potentially impacting property values and making it attractive to investors. The median home value soared from $69,900 in 2015 to $116,800 in 2022, remaining below state and national levels, which may appeal to budget-conscious buyers. The student-to-teacher ratio of around ten... Read more
Lynn County Market Trends
Median home values in Lynn County, Texas, rose markedly from $69,900 in 2015 to $116,800 in 2022, yet remain much lower than the state and national medians, suggesting potential affordability for new homebuyers. The average residential energy tax credit also increased from $225.00 in 2013 to $266.67 by 2016, implying rising interest in energy-efficient homes, which may attract eco-conscious... Read more
Median Value of Occupied Housing Units in Lynn County, Texas Over the Last 8 Years
Median home values in Lynn County, Texas, have seen significant growth over the last eight years, escalating from $69,900 in 2015 to $116,800 in 2022. This increase, though substantial, still positions Lynn County well below the state and national medians for 2022, which were $238,000 and $179,400 respectively. This relatively lower median home value may offer promising opportunities for those interested in more affordable real estate investments or new homeowners seeking budget-friendly housing options within Texas.
Residential Energy Tax Credit Per Tax Return in Lynn County, TX Over the Last 3 Years
Lynn County, Texas has shown a steady increase in the average residential energy tax credit per tax return over the past few years, with figures moving from $225.00 in 2013 to approximately $266.67 by 2016. This upward trend indicates a growing investment in energy-efficient home improvements, potentially making the area more attractive to environmentally conscious buyers and investors. For real estate agents and appraisers, this could signal rising property values as homes become more energy-efficient. For those looking to move or build in the area, the increasing tax credits can offer financial incentives towards energy-saving upgrades.
Average Real Estate Taxes Per Tax Return in Lynn County, TX Over the Last 10 Years
Over the last decade, Lynn County, Texas has experienced a consistent increase in average real estate taxes per tax return, more than doubling from approximately $3,172.41 in 2012 to $7,666.67 in 2021. This trend suggests rising property values and possibly higher county expenditures or investments in infrastructure. For potential investors and homeowners, this uptick in real estate taxes could indicate a growing, possibly more affluent community, while appraisers and insurance agents might infer increased property valuations. Real estate agents and builders should be mindful of these rising taxes as they could impact both property desirability and affordability.
Percentage of Farm Returns in Lynn County, TX Over the Last 10 Years
Over the past decade, Lynn County, Texas has seen a fluctuating percentage of farm tax returns, starting at approximately 13.00% in 2012 and generally showing a downward trend to around 10.36% in 2021. Farm tax returns, which reflect the financial reporting of agricultural income and expenses, can indicate the health and economic activity of the farming sector. For potential investors or residents eyeing opportunities in Lynn County, understanding these trends can help gauge the viability and sustainability of the local agricultural economy, which can be a significant factor when considering investment in farmland, development projects, or relocation.
Number of Mortgages by Occupancy Type in Lynn County, TX Over the Last 5 Years in Lynn County
Over the past five years, Lynn County, Texas has seen notable variances in mortgage volumes across different occupancy types. The bulk of mortgages consistently revolves around principal residences, peaking at 367 in 2021. Investment properties have shown a fluctuating trend but saw an increase from a low of 6 in 2018 to 23 in 2021 before stabilizing. Second residences have maintained a minimal presence with one or two mortgages annually. These shifts can influence market dynamics significantly, reflecting the area's attractiveness to different buyer profiles. For investors, rising mortgage counts for principal residences might indicate a stable, demand-heavy market with steady rental prospects or resale values. For appraisers and insurance agents, these trends inform risk assessments, property valuations, and insurance premiums. Real estate agents and those considering building might find insight into target demographics, while prospective residents could gauge community growth and future property value trends.
Economic Outlook
In Lynn County, Texas, the average taxable income per tax return has been climbing, reaching a high of $73,793.95 in 2021 from a low of $46,744.72 back in 2014. This upward trend hints at growing economic prosperity and possibly higher property values, making the area intriguing for investors and real estate professionals. Additionally, rising total tax liabilities, which peaked at $11,350.00 in 2021, could affect property valuations and long-term costs, signaling the need for careful financial... Read more
Average Taxable Income per Tax Return in Lynn County, TX over the last 9 years
In Lynn County, Texas, the average taxable income per tax return has generally shown an upward trend over the past nine years, reaching its peak at $73,793.95 in 2021. There was a notable dip in 2014 with an average of $46,744.72, but overall, the figures suggest a steady increase in taxable income, indicating potential economic growth or higher earnings among residents. This growth may be a sign of increasing property values and higher spending power, appealing to investors, real estate agents, and developers eyeing the area for opportunities.
Average Total Tax Liability Per Tax Return in Lynn County, TX Over the Last 10 Years
Over the last decade, Lynn County, Texas has experienced fluctuations in average total tax liability per tax return. After a dip in 2014 to $7,332.96, the region saw a gradual increase, peaking at $11,350.00 in 2021. Investors and real estate agents should note the rising trend in tax liability, which could impact property valuations and costs. This variability underscores the importance of assessing long-term financial commitments when considering property in the area.
Cost of Living in Lynn County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,412 | $2,116 | $1,318 | $969 |
| 1 adult 4 children | $1,174 | $1,153 | $1,620 | $1,318 | $1,074 |
| 2 adults 3 children | $1,174 | $1,153 | $1,836 | $1,318 | $781 |
| 1 adult 3 children | $1,174 | $941 | $1,339 | $1,318 | $821 |
| 2 adults 2 children | $826 | $944 | $1,555 | $1,146 | $637 |
| 1 adult 2 children | $826 | $705 | $1,058 | $1,146 | $580 |
| 2 adults 1 child | $826 | $746 | $1,274 | $588 | $607 |
| 1 adult 1 child | $826 | $482 | $777 | $588 | $495 |
| 2 adults | $681 | $599 | $993 | $0 | $533 |
| 1 adult | $591 | $327 | $497 | $0 | $441 |
Safety trends & Data
Larceny-Theft incidents in Lynn County, Texas, have increased from 2.00 in 2019 to 4.00 in 2022, which could be a concern for both local authorities and residents. Motor vehicle thefts have kept a steady pace with just isolated incidents yearly. Although fraud, arson, and burglary occur, their numbers remain relatively low. These crime patterns are essential for investors, real estate agents, and insurance professionals evaluating risk and property values in the... Read more
Property Crime Trends in Lynn County, TX Over the Last 5 Years
Larceny-Theft incidents in Lynn County, Texas, have shown an uptick from 2.00 in 2019 to 4.00 in 2022, suggesting a potential area of concern for local authorities and residents. Motor vehicle thefts remain relatively steady with isolated incidents each year. The data indicates a broad range of property crimes over the past five years, including fraud, arson, and burglary, but their occurrences are minimal. These patterns are crucial for investors, real estate agents, and insurance professionals to consider when assessing risk and property values in the area.
Demographics
Lynn County, Texas shows a fairly balanced gender distribution with males slightly outnumbering females. Educational attainment suggests a majority of the population has at least completed high school, while a considerable portion has pursued higher education, including 630 individuals holding a bachelor’s degree. The age demographics reveal a broad distribution, indicating a potentially diverse workforce and community needs, from substantial preschool-aged children to a notable elderly... Read more
Race Distribution in Lynn County, Texas (2022)
Educational Attainment in Lynn County, Texas (2022)
Age Distribution in Lynn County, Texas
Citizen Population in Lynn County, Texas (2022)
Political Trends & Data
In Lynn County, Texas, the 2020 U.S. Presidential Election saw around 81% of votes cast for the Republican candidate, indicating a strong Republican lean. Democratic support was much lower at approximately 19%, with Libertarians and the Green Party each securing less than 1%. This political homogeneity could influence local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lynn County in Texas potentially leans heavily Republican, with around 81% of votes in the 2020 U.S. Presidential Election going to the Republican candidate. The Democratic support was significantly lower, hovering around 19%, while Libertarians and the Green Party each garnered less than 1%. Such a disparity might suggest strong political homogeneity and influence local policymaking and community priorities.
80.81% of voters voted for the Republican party in the 2020 Presidential Election
18.67% of voters voted for the Democrat party in the 2020 Presidential Election
0.44% of voters voted for the Livertarian party in the 2020 Presidential Election
0.09% of voters voted for the Green party in the 2020 Presidential Election
School Data
In Lynn County, Texas, the student-to-teacher ratio has consistently been around ten students per teacher, notably lower than the national average of fourteen. This translates to smaller class sizes, offering potential for more personalized attention and better academic outcomes, which could be a pulling factor for families moving to the area. Real estate agents and property investors might leverage this to highlight the appeal of local schools, potentially driving more interest and boosting... Read more
Student-to-teacher ratio in Lynn County, Texas over the last 10 years
Over the past decade, the student-to-teacher ratio in Lynn County, Texas has hovered around ten students per teacher, remaining relatively stable with minor fluctuations. This ratio translates to smaller class sizes compared to the national average of fourteen students per teacher, which could be advantageous for achieving personalized attention and improved academic outcomes. Such a trend might be a critical consideration for families considering relocating to the area, as well as for educators and school administrators aiming to maintain or enhance educational quality. Moreover, real estate agents and property investors could leverage this data to underscore the appeal of local educational settings, potentially attracting more residents and boosting property values.
