McLennan County Real Estate and Livability Trends
In McLennan County, Texas, the average taxable income per tax return has significantly risen from $49,565.12 in 2013 to $71,209.40 in 2021, suggesting better ROI for property investments. Median home values have soared from $114,700 in 2015 to $196,400 in 2022, indicating a robust property market that outpaces state and national medians. While energy-efficient upgrades have seen a notable... Read more
McLennan County Market Trends
McLennan County, Texas, has seen significant growth in median home values, rising from $114,700 in 2015 to $196,400 in 2022, outpacing both state and national medians. The average residential energy tax credit per tax return also spiked notably in 2018 to $2,785.19, indicating increased investments in energy-efficient upgrades. Real estate taxes have similarly surged, doubling from around... Read more
Median Value of Occupied Housing Units in McLennan County, Texas Over the Last 8 Years
McLennan County, Texas has experienced a significant increase in median home values over the last 8 years, rising from $114,700 in 2015 to $196,400 in 2022. This growth outpaces both the state of Texas and the national median, which rose to $238,000 and $179,400 respectively in 2022. For investors or potential homeowners, the rapid appreciation in McLennan County signals a strong local market with potential for continued growth, especially when compared to broader trends. This could make the area an attractive option for those looking to maximize their real estate investments or settle in an area with a robust housing market.
Residential Energy Tax Credit Per Tax Return in McLennan County, TX Over the Last 9 Years
McLennan County, Texas has seen a substantial increase in the average residential energy tax credit per tax return over the last nine years, peaking notably in 2018 at $2785.19. The average credit hovered around $371.43 in 2013 but saw a dramatic rise from 2017 onwards, suggesting an increased investment in energy-efficient upgrades or renewable energy installations. This trend might interest investors, property developers, and real estate agents looking to capitalize on the area’s growing propensity for sustainable living enhancements.
Average Real Estate Taxes Per Tax Return in McLennan County, TX Over the Last 10 Years
McLennan County, Texas, has seen a notable increase in average real estate taxes per tax return over the past decade. Starting at approximately $4,376.05 in 2012, the taxes have risen to around $8,447.60 by 2021. This upward trend, especially the significant jumps in 2018 and 2019, could imply rising property values and may impact considerations for those looking to invest or move there. Investors, real estate agents, and property builders might find this trend relevant when assessing the county's market dynamics and future growth potential.
Percentage of Farm Returns in McLennan County, TX Over the Last 10 Years
The percentage of farm tax returns in McLennan County, Texas, has been on a slight decline over the past decade, starting at roughly 2.95% in 2012 and tapering off to about 2.51% in 2021. Farm tax returns, which account for revenue generated from agricultural activities, provide a financial snapshot of the local farming economy. This downtrend may reflect shifting economic factors or changes in agricultural practices within the county. For investors, property developers, or potential residents, such trends could signal shifts in the economic landscape that might influence land value, investment opportunities, or community planning in McLennan County.
Number of Mortgages by Occupancy Type in McLennan County, TX Over the Last 5 Years in McLennan County
In McLennan County, Texas, over the past five years, there has been a noticeable fluctuation in the number of mortgages across different occupancy types. Principal residence mortgages have consistently been the most common, peaking in 2021 with nearly 13,000 instances before dipping notably in 2022. Meanwhile, investment property mortgages saw a gradual increase from 2018 to 2021, but experienced a decline in 2022. Second residence mortgages have remained relatively stable but low in comparison. These shifts in mortgage types could hint at changing real estate dynamics, possibly driven by market conditions or economic factors. This information is crucial for investors and real estate agents to understand trends and anticipate future opportunities. Appraisal and insurance professionals can also benefit from understanding these patterns as they affect property values and risk assessments.
Economic Outlook
In McLennan County, Texas, average taxable income per tax return has surged from $49,565.12 in 2013 to $71,209.40 in 2021, hinting at economic vitality and better ROI for property investments. Coupled with a hike in average state and local income taxes—from $4,858.49 in 2012 to $13,565.79 in 2021—it's clear the area has seen significant economic growth or shifts in tax policies. Poverty rates have fluctuated, peaking at 20.7% in 2018 but falling to 15.1% in 2021, suggesting improved... Read more
Average Taxable Income per Tax Return in McLennan County, TX over the last 9 years
McLennan County, Texas has experienced a notable increase in average taxable income per tax return over the past nine years, jumping from $49,565.12 in 2013 to $71,209.40 in 2021. This upward trend, particularly the sharp rise between 2020 and 2021, may be indicative of economic growth and potential for higher returns on investments. For real estate agents, investors, and insurance agents, understanding this trajectory could inform strategic decisions on property values, market demand, and coverage offerings. This growth pattern could also attract new residents and businesses looking for prosperous communities.
Average State and Local Income Taxes Per Tax Return in McLennan County, TX Over the Last 10 Years
Over the past decade, McLennan County in Texas has seen a notable increase in average state and local income taxes per tax return, escalating from $4,858.49 in 2012 to $13,565.79 in 2021. This steady rise suggests significant economic growth or changes in tax policies, which could affect decisions for investors, potential residents, and real estate developers. The trend might signal a thriving local economy or increased valuations on property, providing valuable insights for appraisers and insurance agents alike.
Average Total Tax Liability Per Tax Return in McLennan County, TX Over the Last 10 Years
Over the past decade in McLennan County, Texas, average total tax liability per tax return has steadily increased, peaking at $12,104.64 in 2021. This persistent rise, especially the noticeable jump between 2020 and 2021, may be of interest to investors and real estate agents considering the financial health and evolving tax landscape of the area. For potential new residents and those involved in property-related services, these trends could impact both property values and insurance rates over time.
Cost of Living in McLennan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,307 | $1,279 | $1,885 | $1,215 | $806 |
| 1 adult 4 children | $1,307 | $1,044 | $1,441 | $1,215 | $889 |
| 2 adults 3 children | $1,307 | $1,045 | $1,636 | $1,215 | $645 |
| 1 adult 3 children | $1,307 | $853 | $1,192 | $1,215 | $692 |
| 2 adults 2 children | $996 | $855 | $1,387 | $1,056 | $573 |
| 1 adult 2 children | $996 | $639 | $943 | $1,056 | $502 |
| 2 adults 1 child | $996 | $676 | $1,137 | $542 | $555 |
| 1 adult 1 child | $996 | $437 | $693 | $542 | $462 |
| 2 adults | $787 | $543 | $888 | $0 | $490 |
| 1 adult | $710 | $296 | $444 | $0 | $425 |
Safety trends & Data
McLennan County, Texas shows fluctuating property crime trends, with larceny-theft being the most prevalent, peaking at 1,425 incidents in 2019. Burglary, vandalism, motor vehicle theft, and arson are noteworthy, with motor vehicle theft hitting 91 in 2020. Lower but significant rates of embezzlement, forgery, and fraud highlight potential concerns for investors and real estate developers focusing on community... Read more
Property Crime Trends in McLennan County, TX Over the Last 5 Years
McLennan County, Texas has experienced variable trends in property crimes over the last five years, with larceny-theft standing out as the most prevalent issue, peaking at 1,425 incidents in 2019. Burglary and vandalism incidents have also shown fluctuations, while motor vehicle thefts and arson have remained relatively lower but still noteworthy, with motor vehicle theft reaching a high of 91 in 2020. Financial-related offenses like embezzlement, forgery, and fraud generally present lower numbers but could be crucial for investors and real estate developers concerned about community safety. Understanding these crime trends can inform better planning and risk assessment for those considering investments or relocations to this Texas county.
Demographics
McLennan County, Texas, shows a near gender balance among adults, with slightly more females than males. Educational attainment is quite diverse, with many residents having some college education, but fewer holding advanced degrees. Age distribution highlights a substantial younger population, particularly those under 35 years, indicating potential for long-term growth and market sustainability. Racial makeup is predominantly White, but with notable Black or African American communities and... Read more
Race Distribution in McLennan County, Texas (2022)
Educational Attainment in McLennan County, Texas (2022)
Age Distribution in McLennan County, Texas
Citizen Population in McLennan County, Texas (2022)
Political Trends & Data
In McLennan County, Texas, real estate market trends might be influenced by its strong Republican leaning, evidenced by over 60% of the vote going to Republican candidates in the 2020 U.S. Presidential Election. This political landscape could attract buyers aligning with conservative values, potentially impacting housing preferences and demand. Additionally, the presence of Democratic voters and minor third-party support suggests some level of political diversity that could shape neighborhood... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In McLennan County, Texas, Republican candidates seemed to significantly dominate the voter base with over 60% of the vote share in the 2020 U.S. Presidential Election. Democratic candidates garnered a notable but much smaller portion, roughly 37%. Third-party candidates like those from the Libertarian and Green parties captured minimal support, barely reaching over 1%. This suggests a strong Republican leaning, though the presence of smaller percentages for other parties hints at some level of political diversity among the electorate.
60.84% of voters voted for the Republican party in the 2020 Presidential Election
37.49% of voters voted for the Democrat party in the 2020 Presidential Election
1.33% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.10% of voters voted for the Other party in the 2020 Presidential Election
School Data
In McLennan County, Texas, the student-to-teacher ratio has generally remained below the national average, dipping from 13.65 in 2014 to 12.92 in 2023. This trend could suggest more individualized student attention, potentially appealing to homebuyers and boosting property values. Real estate agents, appraisers, and developers may view this as a favorable factor, possibly stabilizing or enhancing property values and... Read more
Student-to-teacher ratio in Mclennan County, Texas over the last 10 years
Over the past decade, the student-to-teacher ratio in McLennan County, Texas has generally stayed below the national average of 14 students per teacher, fluctuating from 13.65 in 2014 to 12.92 in 2023. This trend could be valuable for families assessing educational quality, as lower ratios often imply more individualized attention for students. Real estate agents and potential homebuyers might find this appealing, potentially boosting property values. Appraisers and insurance agents might also see stabilized or slightly increased risk levels and property values. Property developers could consider this as a selling point for new housing projects.
