Marion County Real Estate and Livability Trends
In Marion County, Texas, rising median home values from $85,500 in 2015 to $103,100 in 2022 reflect a growing attractiveness for real estate despite remaining below state and national averages. Increases in residential energy tax credits signal a trend towards energy-efficient home improvements, potentially drawing eco-conscious buyers. Real estate taxes have doubled to approximately $4,400 by... Read more
Marion County Market Trends
Marion County, Texas, has seen its median home values climb from $85,500 in 2015 to $103,100 in 2022, still well below the state median of $238,000 and the national average of $179,400. The significant rise in residential energy tax credits from $500.00 in 2014 to $2,657.14 in 2019 signals a growing investment in energy-efficient home improvements, potentially appealing to eco-conscious buyers... Read more
Median Value of Occupied Housing Units in Marion County, Texas Over the Last 8 Years
Median home values in Marion County, Texas have experienced a steady climb over the past 8 years, reaching $103,100 in 2022 from $85,500 in 2015. While this growth is evident, Marion County's home values remain significantly lower than both the state of Texas, which saw a rise to $238,000 in 2022, and the national average, which ballooned to $179,400 in the same year. For those eyeing investments, moving, or building property in Marion County, the comparatively lower median home values could represent a market with potential for appreciation, especially in light of the rapid increases seen statewide and nationwide.
Residential Energy Tax Credit Per Tax Return in Marion County, TX Over the Last 9 Years
Over the past nine years, Marion County, Texas has experienced a significant increase in average residential energy tax credits per tax return. Notably, values surged from $500.00 in 2014 to an impressive $2,657.14 in 2019. This substantial rise suggests growing investments in energy-efficient home improvements, which could be a compelling factor for prospective buyers and real estate investors looking for properties with lower long-term energy costs. For appraisers and insurance agents, this trend may affect property valuations and insurance premiums, respectively.
Average Real Estate Taxes Per Tax Return in Marion County, TX Over the Last 10 Years
Marion County, Texas has experienced a noticeable rise in average real estate taxes per tax return over the past decade. After hovering around $2,400.00 to $2,600.00 from 2012 to 2017, taxes saw a significant increase starting in 2018, reaching over $4,400.00 by 2021. This trend could indicate rising property values or changes in tax policy, and it's likely to impact decisions for investors, homebuilders, and real estate professionals looking at this area. Higher taxes may correlate with increased demand or developments, affecting overall affordability and market dynamics.
Percentage of Farm Returns in Marion County, TX Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Marion County, Texas has hovered around 5.5% to 6.5%, with a slight peak in 2018 at 6.57%. Farm tax returns represent the portion of filed tax returns that are dedicated to farm income, indicating agricultural activity in the region. This trend suggests a stable yet modest presence of farming operations, potentially appealing to those considering agricultural investments or rural living.
Number of Mortgages by Occupancy Type in Marion County, TX Over the Last 5 Years in Marion County
Marion County, Texas has seen fluctuating mortgage counts over the past five years, with principal residences consistently leading in number. Investment properties increased from 10 in 2018 to 31 in 2021, demonstrating potential rising interest in rental or resale opportunities. Second residences spiked slightly in 2020 but then decreased by 2022. These shifts in occupancy type can suggest varying investor confidence and changing local economic conditions, potentially affecting property values, rental markets, and insurance risks. Investors, real estate agents, and developers should be attentive to these trends as they could influence decisions on property acquisitions and developments.
Economic Outlook
In Marion County, Texas, the average taxable income per tax return has shown a general increase over the last nine years, with notable spikes in 2018 and 2021, hitting $48,345.29 and $54,175.06 respectively. This trend suggests potential economic growth and rising prosperity, making the region increasingly attractive for real estate endeavors. Meanwhile, state and local income taxes per tax return have experienced significant fluctuations, peaking at $11,650.00 in 2021, which could impact... Read more
Average Taxable Income per Tax Return in Marion County, TX over the last 9 years
In Marion County, Texas, the average taxable income per tax return has generally increased over the last nine years, with an upward trend particularly noticeable in recent years. The data highlights an interesting spike in average incomes in 2018 and 2021, reaching $48,345.29 and $54,175.06 respectively. This suggests potential economic growth and rising prosperity, which could be attractive to real estate agents, investors, appraisers, and anyone interested in building property in the region. However, it's worth considering the variability seen in some years, which calls for cautious optimism.
Average State and Local Income Taxes Per Tax Return in Marion County, TX Over the Last 8 Years
Marion County, Texas, has seen significant fluctuations in average state and local income taxes per tax return over the past eight years. From a low of $2,987.50 in 2015 to a peak of $11,650.00 in 2021, with marked jumps particularly noticeable between 2016 and 2021. Such variability could impact financial planning for residents and prospective investors, influencing decisions on property investments, insurance premiums, and real estate valuations. For professionals in finance or real estate, these trends suggest a dynamic economic landscape that warrants close monitoring.
Average Total Tax Liability Per Tax Return in Marion County, TX Over the Last 10 Years
Average total tax liability per return in Marion County, Texas has been generally climbing over the past decade. Starting at approximately $5,913.78 in 2012 and notably spiking to around $8,237.70 in 2021, these fluctuations could suggest an increase in income or changes in tax laws. This trend may interest potential investors and homeowners as it might reflect broader economic conditions or shifts. Property builders and real estate agents might consider these economic signals when advising clients or planning developments.
Cost of Living in Marion County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,148 | $1,311 | $1,673 | $1,146 | $739 |
1 adult 4 children | $1,148 | $1,071 | $1,279 | $1,146 | $817 |
2 adults 3 children | $1,148 | $1,071 | $1,452 | $1,146 | $587 |
1 adult 3 children | $1,148 | $874 | $1,058 | $1,146 | $594 |
2 adults 2 children | $826 | $877 | $1,231 | $999 | $505 |
1 adult 2 children | $826 | $655 | $837 | $999 | $443 |
2 adults 1 child | $826 | $693 | $1,010 | $522 | $508 |
1 adult 1 child | $826 | $448 | $616 | $522 | $419 |
2 adults | $687 | $557 | $789 | $0 | $467 |
1 adult | $623 | $304 | $395 | $0 | $403 |
Safety trends & Data
Marion County, Texas, has demonstrated fluctuating property crime trends over the past five years. Burglary incidents peaked at 14.00 in 2018 and 2019, dropped to 7.00 by 2020, but rose again to 13.00 by 2022. Larceny-theft cases decreased from 11.00 in both 2018 and 2019 to 4.00 in 2021, then surged to 8.00 in 2022. While motor vehicle theft remains low, vandalism arrests peaked in 2019 and 2022 with 7.00 incidents each. These trends may be crucial for potential investors, property developers,... Read more
Property Crime Trends in Marion County, TX Over the Last 5 Years
Marion County, Texas, has displayed varying trends in property crimes over the past five years. Notable fluctuations include a significant decline in burglary incidents from a peak of 14.0 in both 2018 and 2019 to just 7.0 by 2020, though this rose again to 13.0 by 2022. Larceny-theft cases followed a similar trend, decreasing from 11.0 in 2018 and 2019 to 4.0 in 2021, before increasing to 8.0 in 2022. Motor vehicle theft remains relatively low but saw minor activity across multiple years. Vandalism arrests peaked in 2019 and 2022 with 7.0 incidents each. These data points suggest a fluctuating yet notable presence of property crimes, pivotal for potential investors, property developers, and local stakeholders to consider.
Demographics
Marion County, Texas, shows a balanced gender distribution among adults, with nearly equal numbers of males and females. The population leans toward older age brackets, with significant clusters in the 55 to 74 years range. Educational attainment trends indicate a majority hold at least a high school diploma, but a small percentage possess graduate or professional degrees. The racial makeup predominantly consists of White individuals, followed by a smaller but notable African American... Read more
Race Distribution in Marion County, Texas (2022)
Educational Attainment in Marion County, Texas (2022)
Age Distribution in Marion County, Texas
Citizen Population in Marion County, Texas (2022)
Political Trends & Data
Marion County, Texas, saw a significant Republican preference in the 2020 U.S. Presidential Election, with about 71% of the votes. Democrats received around 28%, while third parties captured less than 2%. This heavily conservative voter base likely influences local policy and community priorities, which may be crucial for understanding regional real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marion County in Texas exhibited a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with approximately 71% of the votes. Democrats may have found limited support, receiving around 28%, while third parties like the Libertarian and Green parties garnered very minimal backing, collectively making up less than 2% of the vote. This distribution suggests a predominantly conservative voter base, hinting at the political dynamics within this county.
71.34% of voters voted for the Republican party in the 2020 Presidential Election
27.53% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Green party in the 2020 Presidential Election
School Data
Marion County, Texas has experienced varying student-to-teacher ratios over the last decade, peaking around 16 in 2016 and 2019 and dropping to around 12 in 2021 and 11 in 2022, before slightly increasing to 14 in 2023. These fluctuations, especially the recent drops, may suggest more personalized and manageable class sizes, a potentially appealing factor for families and investors. Compared to the national average of 14 students per teacher, the county's current ratios are generally favorable,... Read more
Student-to-teacher ratio in Marion County, Texas over the last 10 years
Marion County, Texas has seen fluctuating student-to-teacher ratios over the last decade, with notable peaks around 2016 and 2019 when the ratios reached 16 and 16 respectively. Interestingly, recent years have shown a downward trend, with the ratio dropping to around 12 in 2021 and 11 in 2022, before rising slightly to 14 in 2023. Compared to the national average of 14 students per teacher, Marion County's current ratios are generally favorable, potentially indicating smaller and more manageable class sizes for educators. These shifts could be significant for potential investors, real estate agents, and families considering moving to the area, as smaller class sizes are often associated with more personalized and effective teaching. This data might also be useful for appraisers and insurance agents assessing the overall educational environment and community quality in the region.