Menard County Real Estate and Livability Trends
Menard County, Texas has experienced a fluctuating average taxable income per tax return, with values dipping from $42,902.22 in 2013 to $37,722.22 in 2017, before climbing back to $47,611.83 by 2021, indicative of an unpredictable economic landscape that may affect real estate investments. Median home values increased from $56,200 in 2015 to $86,500 in 2022, suggesting potentially appealing... Read more
Menard County Market Trends
Menard County, Texas has seen median home values grow from $56,200 in 2015 to $86,500 in 2022—a slower climb compared to the state and national averages, offering potentially attractive entry points for investors. Real estate taxes have varied significantly, with peaks in 2016 and 2018 suggesting changes in property values or tax rates, which could impact financial planning and investment... Read more
Median Value of Occupied Housing Units in Menard County, Texas Over the Last 8 Years
Menard County, Texas has seen a relatively modest increase in median home values over the last eight years, from $56,200 in 2015 to $86,500 in 2022. This upward trend is quite mild compared to both the Texas state average, which rose from $136,000 to $238,000, and the national average, which increased from $125,500 to $179,400 over the same period. For investors and potential residents, this suggests that Menard County could offer more affordable entry points into the housing market, potentially yielding higher returns if the area's growth accelerates.
Average Real Estate Taxes Per Tax Return in Menard County, TX Over the Last 7 Years
Menard County, Texas has experienced a fluctuating but overall increasing trend in average real estate taxes per tax return over the past seven years. Notable spikes occurred in 2016 and 2018, with taxes reaching $4,950.00 and $6,950.00 respectively, indicating possible jumps in property values or tax rates. Such variability can affect investment decisions, home purchasing power, and long-term financial planning for those living in or considering a move to this county. Real estate agents, appraisers, and insurance agents might find this data useful for preparing more accurate assessments and advising clients.
Percentage of Farm Returns in Menard County, TX Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Menard County, Texas has shown a moderate decline. Starting at approximately 21.18% in 2012, it dipped to around 17.47% by 2021, with a few fluctuations in between. Farm tax returns represent the proportion of tax filings derived from farming activities, offering insights into the agricultural economic health of the area. This downward trend suggests a potential shift away from agriculture or changes in farm profitability, which is crucial for investors, potential residents, and property developers to consider when evaluating economic opportunities and stability in Menard County.
Number of Mortgages by Occupancy Type in Menard County, TX Over the Last 5 Years in Menard County
In Menard County, Texas, the number of mortgages has generally shown a significant preference towards principal residences over the past five years, with values of 37 in 2021, 27 in 2020, and 32 in 2022, compared to markedly smaller numbers for investment properties and second residences. This dominant trend implies a steady demand for primary living spaces, which could indicate a stable population interested in long-term settlement. For real estate agents, investors, and insurance agents, this data suggests a market less prone to frequent flips or speculative investments, potentially resulting in more reliable property values and less volatility. Builders and potential new residents may find it reassuring that the focus is on sustainable community growth rather than transient occupancy.
Economic Outlook
Menard County, Texas has seen a rollercoaster in average taxable income per tax return over the past decade, dipping from $42,902.22 in 2013 to $37,722.22 in 2017, then rebounding to $47,611.83 by 2021. This suggests that the county's economic landscape is somewhat unpredictable, which could be a key point for investors and real estate agents. Average total tax liabilities have also been erratic, with a high of $9,125.40 in 2018 and a low of $6,132.81 in 2017, indicating further economic... Read more
Average Taxable Income per Tax Return in Menard County, TX over the last 9 years
Over the past nine years, average taxable income per tax return in Menard County, Texas has demonstrated significant variation, with a noticeable dip from $42,902.22 in 2013 to $37,722.22 in 2017, followed by a substantial increase to $47,611.83 by 2021. The fluctuations suggest potential economic instability or variable income sources, which is crucial for investors, real estate agents, and insurance agents to consider when evaluating the financial landscape of the county. This trend implies a need for cautious optimism, particularly in property investments and insurance assessments.
Average Total Tax Liability Per Tax Return in Menard County, TX Over the Last 10 Years
Menard County, Texas has seen significant fluctuations in average total tax liability per tax return over the last decade. The highest average was $9,125.40 in 2018, while the lowest was $6,132.81 in 2017, showing a drop followed by a peak. This variability in tax liabilities could influence investment decisions, real estate prices, and insurance premiums. The trend suggests a dynamic economic environment, potentially impacting appraisal values and real estate market stability. Understanding these shifts can be crucial for investors, developers, and anyone considering moving to or working within the county.
Cost of Living in Menard County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,161 | $1,299 | $2,205 | $1,164 | $916 |
| 1 adult 4 children | $1,161 | $1,061 | $1,689 | $1,164 | $1,010 |
| 2 adults 3 children | $1,161 | $1,061 | $1,911 | $1,164 | $733 |
| 1 adult 3 children | $1,161 | $866 | $1,396 | $1,164 | $760 |
| 2 adults 2 children | $826 | $869 | $1,618 | $1,013 | $609 |
| 1 adult 2 children | $826 | $649 | $1,102 | $1,013 | $544 |
| 2 adults 1 child | $826 | $687 | $1,325 | $523 | $593 |
| 1 adult 1 child | $826 | $443 | $809 | $523 | $482 |
| 2 adults | $658 | $552 | $1,031 | $0 | $526 |
| 1 adult | $623 | $301 | $516 | $0 | $449 |
Demographics
Menard County, Texas shows a slightly higher female population with 828 women compared to 732 men. On the education front, there's a notable gap at the higher levels with 228 individuals holding a Bachelor's degree and only 136 with a graduate or professional degree. The age distribution skews older, with the 55 to 64 and 75+ age groups being particularly large. Racially, the county is predominantly White, with minimal representation from other racial groups. This demographic mix underscores... Read more
Race Distribution in Menard County, Texas (2022)
Educational Attainment in Menard County, Texas (2022)
Age Distribution in Menard County, Texas
Citizen Population in Menard County, Texas (2022)
Political Trends & Data
The real estate market in Menard County, Texas, might be influenced by its political landscape, as the 2020 U.S. Presidential Election showed a strong Republican preference with approximately 80% of the votes. Democrats received roughly 19%, highlighting a significant partisan gap. With minimal support for third parties, the local political climate could have implications for property values, potential developments, and community planning, reflecting a conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Menard County, Texas, the 2020 U.S. Presidential Election results likely illustrate a strong Republican preference, with around 80% of the votes. Democrats trailed significantly with roughly 19%, indicating a notable partisan gap. Support for third parties was minimal, suggesting limited local traction for alternative political movements in this region.
80.06% of voters voted for the Republican party in the 2020 Presidential Election
19.16% of voters voted for the Democrat party in the 2020 Presidential Election
0.58% 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
School Data
Menard County in Texas has managed to keep student-to-teacher ratios below the national average of 14 students per teacher over the past decade, often staying between 10 and 13. This could indicate smaller class sizes, appealing to families looking for a personalized education experience, which might make the area more enticing for potential buyers. The lower ratios are also a potential draw for educators and could have an impact on property values and local investments, suggesting a promising... Read more
Student-to-teacher ratio in Menard County, Texas over the last 10 years
Over the past decade, Menard County in Texas has consistently maintained a student-to-teacher ratio lower than the national average of 14 students per teacher, with figures fluctuating between 10 and almost 13. This trend indicates potentially smaller class sizes, which can appeal to families seeking a more personalized education experience for their children. Lower ratios are attractive to educators and can influence property values and local investment, making this county an interesting prospect for those in the real estate and education sectors.
