Midland County Real Estate and Livability Trends
Midland County, Texas has shown significant variability in economic patterns, with peak taxable incomes hitting $120,914.47 in 2014 and $126,261.97 in 2021, while dips occurred around just over $100,000 in 2015 and 2020, reflecting its ties to volatile sectors like oil and gas. Real estate values have surged, with median home values jumping from $166,700 in 2015 to $272,900 in 2022, suggesting... Read more
Midland County Market Trends
Median home values in Midland County, Texas, have skyrocketed from $166,700 in 2015 to $272,900 in 2022, outpacing both state and national averages, making it a potentially lucrative market for investors. The average residential energy tax credit per tax return shot up from $471.21 in 2013 to $4746.89 in 2020, hinting at a growing emphasis on energy-efficient home improvements—a golden... Read more
Median Value of Occupied Housing Units in Midland County, Texas Over the Last 8 Years
Median home values in Midland County, Texas, have shown a significant upward trend over the past eight years, jumping from $166,700 in 2015 to $272,900 in 2022. This pace outstrips both the state average, which rose from $136,000 to $238,000 over the same period, and the national average, which increased from $125,500 to $179,400. Investors and homebuyers may see this as an indicator of a strong local housing market, potentially driven by regional economic factors. This could suggest a robust opportunity for those looking to invest in property in Midland County, as continued growth might be expected based on these trends.
Residential Energy Tax Credit Per Tax Return in Midland County, TX Over the Last 9 Years
Over the past nine years, Midland County, Texas, has seen a notable upward trend in the average residential energy tax credit per tax return. Starting at roughly $471.21 in 2013, the amount has sharply increased, peaking at around $4746.89 in 2020. This surge suggests a growing investment in energy-efficient home improvements, making it a potentially lucrative area for green energy companies and real estate investors interested in sustainable properties. The increased credits might also appeal to homebuyers and real estate agents focusing on properties with energy-efficient features.
Average Real Estate Taxes Per Tax Return in Midland County, TX Over the Last 10 Years
Over the last decade in Midland County, Texas, the average real estate taxes per tax return have shown a general increase, starting from about $4,833.52 in 2012 to approximately $8,984.54 in 2021. A particularly notable jump occurred between 2017 and 2018, where the average surged from $6,168.15 to $8,201.76, indicating a significant tax adjustment. By understanding these fluctuating property tax dynamics, those looking to invest, build, or purchase real estate in the area can better gauge potential future costs, and insurance agents or appraisers can more accurately assess property values.
Percentage of Farm Returns in Midland County, TX Over the Last 10 Years
Over the last decade, the percentage of farm returns in Midland County, Texas has shown a slight downward trend, dropping from 1.75% in 2012 to around 1.28% in 2021. Farm tax returns, which are filed by agricultural operations to report income and expenses from farming activities, might reflect broader shifts in the local economy and land use. For those looking to invest or build property in Midland County, this might suggest a gradual pivot away from traditional farming, which could influence land values and development opportunities.
Number of Mortgages by Occupancy Type in Midland County, TX Over the Last 5 Years in Midland County
In Midland County, Texas, mortgage counts for principal residences have shown significant fluctuations over the last five years, with notable spikes like 13,912 in 2020 compared to 8,599 in 2022. Investment property mortgages remained relatively stable, oscillating around the 500 mark, while second residence mortgages consistently hovered around 65-79 per year. Shifts in occupancy type are essential to understand for assessing housing demand patterns; such variations can impact market valuations, rental yields, and insurance premiums. For real estate agents and investors, these patterns might indicate shifting market dynamics, influencing investment strategies and housing development plans in the county.
Economic Outlook
Midland County, Texas has shown noticeable fluctuation in economic patterns, especially in average taxable incomes, state and local income taxes, and total tax liability per tax return over the past decade. Peak incomes reached $120,914.47 and $126,261.97 in 2014 and 2021, respectively, while dips were seen in 2015 and 2020 at just over $100,000. Such volatility, especially a dramatic tax rise to $33,556.86 in 2021 from $6,445.67 in 2016, could reflect the area's economic ties to volatile... Read more
Average Taxable Income per Tax Return in Midland County, TX over the last 9 years
Midland County, Texas has seen fluctuating average taxable incomes per tax return over the past nine years, reflecting economic ebbs and flows that might interest potential stakeholders. Peaks happened in 2014 and 2021, reaching $120,914.47 and $126,261.97 respectively, while noticeable dips appeared in 2015 and 2020 at $100,077.61 and $97,525.09. This variability could indicate economic exposure to sectors like oil and gas, making it crucial for investors, real estate professionals, and insurers to consider these trends when assessing the market stability and potential growth in the region.
Average State and Local Income Taxes Per Tax Return in Midland County, TX Over the Last 10 Years
Average state and local income taxes per tax return in Midland County, Texas have shown significant fluctuations over the past decade, with noteworthy peaks and valleys. The taxes spiked notably in 2021 to $33,556.86, unusually high compared to previous years like 2016 where it was just $6,445.67. This volatility in tax amounts may reflect the area's economic conditions and could be a critical factor for investors, insurance agents, and property developers to consider when evaluating financial commitments in the region.
Average Total Tax Liability Per Tax Return in Midland County, TX Over the Last 10 Years
Midland County, Texas has seen fluctuations in average tax liability per tax return over the past decade, peaking at $30,681.23 in 2014 and dropping to a low of $21,557.69 in 2020. These shifts may reflect changes in income, industry performance, or fiscal policies impacting residents' finances. Such variations hold considerable interest for investors, real estate agents, and insurance agents as they hint at the economic health and financial trends of the area.
Cost of Living in Midland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,681 | $1,343 | $1,799 | $1,477 | $1,055 |
| 1 adult 4 children | $1,681 | $1,097 | $1,375 | $1,477 | $1,210 |
| 2 adults 3 children | $1,681 | $1,097 | $1,562 | $1,477 | $884 |
| 1 adult 3 children | $1,681 | $896 | $1,137 | $1,477 | $986 |
| 2 adults 2 children | $1,330 | $898 | $1,324 | $1,285 | $729 |
| 1 adult 2 children | $1,330 | $671 | $900 | $1,285 | $727 |
| 2 adults 1 child | $1,330 | $710 | $1,086 | $664 | $699 |
| 1 adult 1 child | $1,330 | $459 | $662 | $664 | $607 |
| 2 adults | $1,118 | $570 | $849 | $0 | $605 |
| 1 adult | $1,111 | $311 | $424 | $0 | $552 |
Safety trends & Data
In Midland County, Texas, property crime figures have fluctuated significantly over the past five years, with larceny-theft peaking at 331 incidents in 2018 but gradually declining until 2020, only to rise again. Burglary saw a notable increase in 2022 with 53 reported cases, while arson and motor vehicle theft showed less dramatic but still noticeable changes. Fraud incidents notably doubled in 2022, highlighting a growing concern. These crime trends could influence real estate values,... Read more
Property Crime Trends in Midland County, TX Over the Last 5 Years
In Midland County, Texas, property crime trends reveal some notable fluctuations over the past five years. Larceny-theft consistently registers the highest numbers, peaking in 2018 with 331 incidents but displaying a general decline through 2020 before rising again. Burglary saw an uptick in 2022 with 53 reported cases, while arson and motor vehicle theft figures exhibit less pronounced but noticeable variability. Interestingly, fraud incidents doubled in 2022 from the previous year, signaling a potential area of concern. This nuanced crime landscape could impact real estate values, insurance rates, and investment decisions, making it crucial for stakeholders to stay informed about these shifting patterns.
Demographics
In Midland County, Texas, a relatively balanced gender distribution can be observed, with a slight majority of males. The educational attainment levels show a significant portion of the population holding high school diplomas and some college experience, indicating potential workforce readiness but also a notable percentage lacking diplomas altogether. The age distribution highlights a young demographic, particularly strong in the under-35 categories, which might impact future community... Read more
Race Distribution in Midland County, Texas (2022)
Educational Attainment in Midland County, Texas (2022)
Age Distribution in Midland County, Texas
Citizen Population in Midland County, Texas (2022)
Political Trends & Data
Midland County, Texas, likely exhibits a strong conservative leaning, with around 77.5% of the 2020 U.S. Presidential Election vote going Republican, and Democrats capturing only about 21%. The minimal third-party support at just over 1% combined indicates a clear preference for traditional party lines. This conservative tilt might impact local policies and could shape election strategies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Midland County, Texas, likely leans significantly Republican, with approximately 77.5% of the vote going to the party in the 2020 U.S. Presidential Election. Democrats trailed far behind, securing around 21% of the vote. Support for third parties such as Libertarian and Green was minimal, hovering just over 1% combined. This suggests a strong conservative preference in the area, which could influence local policy and election strategies.
77.51% of voters voted for the Republican party in the 2020 Presidential Election
20.95% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Midland County, Texas has experienced fluctuations in its student-to-teacher ratio, peaking at 16 students per teacher and dipping to 15. This trend matters as a higher ratio could signal opportunities for developing educational infrastructure, attracting investors. Families might also factor this into their decision to move, as lower ratios generally suggest more personalized classroom attention. Real estate agents can leverage these trends to appeal to education-focused buyers, while... Read more
Student-to-teacher ratio in Midland County, Texas over the last 10 years
Midland County, Texas has seen fluctuations in its student-to-teacher ratio over the last decade, peaking at 16 students per teacher in multiple years and dipping as low as 15 students per teacher. While the county's ratio has remained slightly above the national average of 14 students per teacher, these variances could influence various stakeholders. For prospective investors, higher ratios might indicate a need for more educational infrastructure, potentially signaling development opportunities. Families considering a move to the area could weigh these figures as part of their decision-making process, given that lower ratios are often correlated with more personalized attention in classrooms. Real estate agents might also find these trends useful for marketing properties to education-focused buyers, while appraisers and insurance agents can use these dynamics to assess community growth and local resource demands.
