Madison County Real Estate and Livability Trends
Madison County, Texas presents an intriguing real estate market dynamic, with median home values rising modestly from $103,100 in 2015 to $139,100 in 2022, indicating a possibly undervalued market ripe for investment. Property taxes have dramatically doubled from $2,978.00 in 2012 to $6,100.00 in 2021, possibly reflecting changes in property values or fiscal policies. Interestingly, principal... Read more
Madison County Market Trends
Madison County, Texas presents an intriguing real estate market with median home values rising modestly from $103,100 in 2015 to $139,100 in 2022, lagging behind the broader Texas and national markets. This slower growth could indicate a potentially undervalued market, offering opportunities for investors and affordable housing seekers. Meanwhile, energy tax credits have surged, suggesting a... Read more
Median Value of Occupied Housing Units in Madison County, Texas Over the Last 8 Years
Madison County, Texas has seen its median home values fluctuate modestly over the past eight years, starting at $103,100 in 2015 before reaching $139,100 in 2022. This contrasts sharply with the broader Texas market, where median values rose from $136,000 to $238,000, and the national average, which climbed from $125,500 to $179,400 over the same period. Madison County's housing market trends may indicate a potentially undervalued market compared to state and national averages, presenting a potential opportunity for savvy investors or those looking for more affordable housing options within Texas.
Residential Energy Tax Credit Per Tax Return in Madison County, TX Over the Last 8 Years
Over the last eight years in Madison County, Texas, the average residential energy tax credit per tax return has seen notable fluctuations, with a general upward trend. From $262.50 in 2013, it peaked significantly at $1,100.00 in both 2019 and 2020, reaching $1,412.50 by 2021. This trend suggests a growing emphasis on energy-efficient home improvements, making Madison County a potentially attractive area for eco-conscious homebuyers and investors focused on sustainable living. Real estate agents and insurers might highlight these improvements to prospective buyers interested in energy savings and long-term value.
Average Real Estate Taxes Per Tax Return in Madison County, TX Over the Last 10 Years
Real estate taxes per tax return in Madison County, Texas have shown a distinct upward trend over the past decade, rising from approximately $2,978.00 in 2012 to $6,100.00 in 2021. The most significant jumps occurred between 2017 and 2018, where the taxes increased from $3,608.57 to $4,828.57, and between 2019 and 2020, climbing from $4,668.18 to $5,640.00. This increasing tax burden could signal rising property values or changing fiscal policies, impacting decisions for potential investors, appraisers, and real estate agents considering the area.
Percentage of Farm Returns in Madison County, TX Over the Last 10 Years
The percentage of farm tax returns in Madison County, Texas, has seen slight fluctuations over the past decade, generally hovering around 14.70% but peaking at approximately 15.44% in 2017 and dropping to its lowest at around 11.86% in 2020. Farm tax returns are the filings submitted by farm owners to report income, expenses, and profits, and they possibly indicate the economic vitality and engagement in agriculture within a region. Investors, developers, and potential residents might find these trends noteworthy as they offer insight into the stability and potential growth opportunities in the local agricultural sector. While there are dips, the relatively consistent rates might suggest a somewhat stable farming economy in the area.
Number of Mortgages by Occupancy Type in Madison County, TX Over the Last 5 Years in Madison County
Examining mortgage trends in Madison County, Texas over the past five years, there’s a pronounced increase in principal residence mortgages, growing from 324 in 2018 to a peak of 500 in 2021 before declining slightly in 2022 to 403. Investment property mortgages remain relatively stable, while second residence loans fluctuate, peaking in 2020 and plummeting by 2022. These shifts suggest a broader interest in permanent homeownership possibly driven by wider economic trends or population movements, which matters for investors and developers as it hints at residential growth potential. Appraisers and insurance agents may also find these insights useful in adjusting valuations and risk assessments accordingly.
Economic Outlook
Madison County, Texas has experienced varied economic conditions impacting the real estate market over the past decade. Average taxable income per tax return rose to $60,817.73 in 2021 from a low of $43,225.44 in 2016, indicating possible growth opportunities. Meanwhile, state and local income taxes have seen fluctuations, with a notable low at $2,325.00 in 2017 and a high of $3,800.00 in 2015. Total tax liability per tax return also displayed significant volatility, peaking at $12,061.39 in... Read more
Average Taxable Income per Tax Return in Madison County, TX over the last 9 years
Over the past nine years, Madison County, Texas has seen fluctuating trends in average taxable income per tax return. Despite some decreases, such as in 2016 when it dipped to $43,225.44, there has been a noticeable upward trend, culminating in a peak of $60,817.73 in 2021. This oscillation might indicate economic opportunities and challenges, useful insights for investors, real estate agents, appraisers, and those considering moving to or building property in the area.
Average State and Local Income Taxes Per Tax Return in Madison County, TX Over the Last 5 Years
Madison County, Texas has seen a somewhat volatile trend in average state and local income taxes per tax return over the last five years. Fluctuating between $2,325.00 in 2017 and $3,800.00 in 2015, this variability may reflect changing economic conditions or local policy adjustments. Potential investors and real estate professionals should note these tax shifts as they can influence property values and overall living costs in the area. Understanding this pattern could also be useful for insurance agents and appraisers while evaluating financial commitments and risks.
Average Total Tax Liability Per Tax Return in Madison County, TX Over the Last 10 Years
Over the last decade in Madison County, Texas, the average total tax liability per tax return has shown notable fluctuations. In 2014, there was a significant spike to $11,252.32, indicating potential income growth or tax rate changes. By 2016 and 2018, liabilities dropped to around $6,895.91 and $6,797.38, respectively, possibly reflecting economic adjustments or tax reliefs. The recent increase to $12,061.39 in 2021 might suggest a sharp rise in income levels or fiscal policy shifts. These variations are essential for investors, homeowners, appraisers, and real estate agents to consider in financial planning and market evaluations within the county.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,121 | $1,335 | $1,986 | $1,393 | $911 |
| 1 adult 4 children | $1,121 | $1,090 | $1,520 | $1,393 | $1,016 |
| 2 adults 3 children | $1,121 | $1,091 | $1,723 | $1,393 | $735 |
| 1 adult 3 children | $1,121 | $890 | $1,257 | $1,393 | $775 |
| 2 adults 2 children | $884 | $893 | $1,459 | $1,216 | $638 |
| 1 adult 2 children | $884 | $667 | $993 | $1,216 | $593 |
| 2 adults 1 child | $884 | $706 | $1,195 | $641 | $610 |
| 1 adult 1 child | $884 | $456 | $729 | $641 | $507 |
| 2 adults | $769 | $567 | $932 | $0 | $539 |
| 1 adult | $666 | $309 | $466 | $0 | $452 |
Safety trends & Data
Property crime trends in Madison County, Texas reveal an ebb and flow over the past five years, with larceny-theft generally seeing the highest numbers. Notably, incidents of larceny-theft went from 12 in 2018 to 14 in 2022, despite a dip in 2019. Burglary rates stayed stable but dipped in 2021, while motor vehicle theft showed spikes in 2020 and 2021. Vandalism incidents also varied, peaking in 2020. Those eyeing properties or moving to the area might see these patterns as relatively stable... Read more
Property Crime Trends in Madison County, TX Over the Last 5 Years
Property crime trends in Madison County, Texas over the past five years reveal fluctuating patterns, with larceny-theft generally seeing the highest numbers. In 2018, larceny-theft was reported 12 times, dipping to 6 in 2019 but escalating to 12 and then to 14 in 2022. Burglary incidents remained relatively stable, with a noticeable decrease in 2021. Motor vehicle theft showed an inconsistent pattern, initially low in 2018 but spiking in 2020 and 2021. Vandalism incidents varied moderately, peaking in 2020 and showing no substantial habit. Those considering property investments or moving to the area might perceive these trends as indicators of relative stability but should remain abreast of yearly changes.
Demographics
Madison County, Texas, shows a slightly higher male population compared to females. The educational attainment data reveals a significant portion of residents have at least a high school diploma, with fewer attaining higher education degrees. The age distribution indicates a relatively young population, with notable percentages in the 25 to 34 and 35 to 44 age brackets. Racial demographics are predominantly White, with a smaller but present Black or African American community and minimal... Read more
Race Distribution in Madison County, Texas (2022)
Educational Attainment in Madison County, Texas (2022)
Age Distribution in Madison County, Texas
Citizen Population in Madison County, Texas (2022)
Political Trends & Data
In Madison County, Texas, the 2020 U.S. Presidential Election results suggest a strong Republican lean, with nearly 79% of voters potentially favoring the GOP. Democratic support appeared to lag significantly at just over 20%, pointing to a marked preference for conservative policies. Third-party candidates, such as Libertarian and Green Party, seemed to garner minimal... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Madison County, Texas, the 2020 U.S. Presidential Election showed a marked preference for Republican candidates, with nearly 79% of the vote potentially favoring this party. Democrats seemed to capture just over 20%, highlighting a significant gap between the two major parties. Libertarian and Green Party votes were minimal, indicating limited support for third-party candidates in the county.
78.69% of voters voted for the Republican party in the 2020 Presidential Election
20.54% of voters voted for the Democrat party in the 2020 Presidential Election
0.57% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Madison County, Texas has seen its student-to-teacher ratio mostly hover around the national average of fourteen students per teacher, with a dip to about 13 in 2021, indicating smaller class sizes. This trend could appeal to families and influence property valuation and risk assessments, as smaller classes often suggest a more personalized educational environment. This could attract new residents and boost community engagement, making the area more attractive to investors and real estate... Read more
Student-to-teacher ratio in Madison County, Texas over the last 10 years
Madison County, Texas has experienced fluctuations in its student-to-teacher ratio over the past decade, mostly staying slightly below or just around the national average of fourteen students per teacher. Interestingly, the ratio dipped to its lowest point at about 13 in 2021, suggesting a period of relatively smaller class sizes compared to prior years. These changes may inform various decisions and perspectives: for investors and real estate agents, better ratios could make the area more appealing to families; for appraisers and insurance agents, these trends might reflect on property valuations and risk assessments. Smaller classes can also generally signal a more personalized educational environment, potentially attracting new residents and influencing local community engagement.
