Mills County Real Estate and Livability Trends
In Mills County, Texas, median home values have soared from $120,100 in 2015 to $188,900 in 2022, outpacing broader trends and hinting at a flourishing real estate market. This surge, coupled with an increase in principal residence mortgages peaking at 155 in 2021, indicates strong demand for primary homes. The average residential energy tax credit jump from $200.00 in 2014 to $850.00 in 2021... Read more
Mills County Market Trends
Mills County, Texas, boasts a remarkable rise in median home values, jumping from $120,100 in 2015 to $188,900 in 2022, outpacing both state and national trends, potentially marking it as a lucrative market. Additionally, the average residential energy tax credit per tax return increased notably from $200.00 in 2014 to $850.00 in 2021, suggesting growing incentives for energy-efficient upgrades.... Read more
Median Value of Occupied Housing Units in Mills County, Texas Over the Last 8 Years
Mills County, Texas, has seen a significant rise in median home values over the last eight years, culminating at $188,900 in 2022 from $120,100 in 2015. This rise seems particularly striking when compared to Texas and national trends, both of which have also seen increases but not at the same pace. For context, the median value in Texas rose from $136,000 in 2015 to $238,000 in 2022, while the national figures went from $125,500 to $179,400 within the same period. Investors and potential homeowners might find the faster appreciation rate in Mills County attractive, marking it as a potentially lucrative area for both investment and settling down.
Residential Energy Tax Credit Per Tax Return in Mills County, TX Over the Last 2 Years
Mills County, Texas has seen what appears to be a notable increase in the average residential energy tax credit per tax return, jumping from $200.00 in 2014 to $850.00 in 2021. For those looking to invest in property or move to the area, this trend could suggest growing incentives or an increasing adoption of energy-efficient upgrades among homeowners. This could also be of interest to appraisers and insurance agents assessing property values and risks, as well as real estate professionals advising clients on potential benefits of homeownership in Mills County.
Average Real Estate Taxes Per Tax Return in Mills County, TX Over the Last 10 Years
Mills County, Texas has seen a significant rise in average real estate taxes per tax return over the past decade. Notably, 2018 showed a substantial jump to $4,675.00, followed by a peak in 2019 at $5,750.00, hinting at rising property values or increased tax rates. This matters for homebuyers and investors assessing potential tax liabilities, as well as for real estate agents and appraisers evaluating market trends and property values.
Percentage of Farm Returns in Mills County, TX Over the Last 10 Years
Over the last decade, the percentage of farm returns in Mills County, Texas, has seen a modest decline from around 30.43% in 2012 to roughly 27.86% in 2021, with the lowest point being approximately 26.58% in 2020. This trend could hint at a gradual reduction in farm-related economic activity or possibly a shift in the types of farming practices reported. For investors and potential residents, these numbers might signal evolving economic conditions in the county's agricultural sector. Farm tax returns here provide insights into the taxable income generated from farming activities, which can be a useful metric for understanding the viability and economic trends in the local agriculture industry over time.
Number of Mortgages by Occupancy Type in Mills County, TX Over the Last 5 Years in Mills County
Mills County, Texas, has shown varying trends in mortgage counts across different occupancy types over the past five years. The data exhibits significant fluctuations in the number of principal residence mortgages, peaking at 155 in 2021, suggesting a robust demand for primary homes. Investment property mortgages have remained relatively low but stable, with a slight increase from 3 in 2019 to 11 in 2022, hinting at growing interest in property investments. Meanwhile, second residence mortgages have stayed fairly constant around the single digits, showing more stability. Changes in occupancy types could provide insights on economic health, local housing market demand, and investment potentials, which are crucial factors for investors, real estate agents, and those considering a move to the area. Understanding these trends helps in finer strategic planning and risk assessment for property developments and insurance purposes.
Economic Outlook
In Mills County, Texas, average taxable income has exhibited significant variability, with figures ranging from around $44,512 in 2016 to roughly $67,128 in 2021, highlighting a dramatic $12,000 increase between 2020 and 2021. Tax liabilities have also fluctuated, peaking at $10,822.22 in 2021, the highest in a decade. These trends point to economic growth and increased affluence, essential data points for investors, real estate agents, appraisers, and insurance agents when evaluating property... Read more
Average Taxable Income per Tax Return in Mills County, TX over the last 9 years
In Mills County, Texas, average taxable income per tax return has exhibited notable variability over the past nine years, with figures ranging from approximately $44,512 in 2016 to a high of around $67,128 in 2021. The most significant uptick occurred between 2020 and 2021, when average taxable income increased by over $12,000. This growth trend is crucial for investors, real estate agents, and those looking to move to the area, suggesting potential economic development and increased affluence. Appraisers and insurance agents might also find these trends relevant when assessing property values and risk, respectively.
Average Total Tax Liability Per Tax Return in Mills County, TX Over the Last 10 Years
Mills County, Texas has seen quite a bit of fluctuation in average total tax liability per tax return over the past decade, with values generally oscillating between $6,891.03 and $10,822.22. Particularly noticeable is the sharp increase from $7,504.96 in 2012 to $9,082.98 in 2013, followed by another spike to $9,655.41 in 2014. Another significant rise can be seen in 2021, with the average total tax liability reaching $10,822.22, the highest in the ten-year span. These trends suggest that tax liabilities in Mills County can be somewhat unpredictable, which may affect long-term financial planning for investors, real estate agents, and potential homeowners.
Cost of Living in Mills County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,379 | $1,973 | $1,174 | $824 |
| 1 adult 4 children | $1,005 | $1,126 | $1,510 | $1,174 | $901 |
| 2 adults 3 children | $1,005 | $1,127 | $1,711 | $1,174 | $649 |
| 1 adult 3 children | $1,005 | $920 | $1,249 | $1,174 | $685 |
| 2 adults 2 children | $826 | $922 | $1,450 | $1,024 | $605 |
| 1 adult 2 children | $826 | $689 | $987 | $1,024 | $528 |
| 2 adults 1 child | $826 | $729 | $1,188 | $539 | $579 |
| 1 adult 1 child | $826 | $471 | $725 | $539 | $474 |
| 2 adults | $658 | $586 | $926 | $0 | $514 |
| 1 adult | $623 | $319 | $463 | $0 | $444 |
Demographics
In Mills County, Texas, the adult population is nearly evenly split between males and females, though both groups still hover under 1,800 people each. Educational attainment reveals a strong emphasis on high school education, with over 1,000 individuals graduating high school and another significant portion attending some college. Age distribution skews older, with substantial populations in the 45-54 and 55-64 year brackets, suggesting an aging community. The racial composition is... Read more
Race Distribution in Mills County, Texas (2022)
Educational Attainment in Mills County, Texas (2022)
Age Distribution in Mills County, Texas
Citizen Population in Mills County, Texas (2022)
Political Trends & Data
In Mills County, Texas, the 2020 U.S. Presidential Election results reflect a significant Republican dominance, with nearly 89% of the vote. Democratic support was comparatively minimal, at just over 10%, while Libertarian and Green parties attracted only around 0.6% and 0.08% of votes, respectively. These political trends could suggest a deeply rooted conservative inclination among local voters, potentially influencing various aspects of county life, including community initiatives and policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mills County, Texas, the 2020 U.S. Presidential Election results suggest a strong leaning towards the Republican party, which potentially garnered nearly 89% of the vote. Democratic support seemed relatively low, possibly making up just over 10%. Minor parties such as the Libertarian and Green parties appeared to attract minimal attention, with their vote percentages hovering around 0.6% and 0.08%, respectively. These patterns might illustrate the dominant political inclinations of the county's electorate.
88.50% of voters voted for the Republican party in the 2020 Presidential Election
10.82% of voters voted for the Democrat party in the 2020 Presidential Election
0.60% of voters voted for the Livertarian party in the 2020 Presidential Election
0.08% of voters voted for the Green party in the 2020 Presidential Election
School Data
Mills County, Texas has consistently boasted a low student-to-teacher ratio, fluctuating between 8 and just over 9 students per teacher over the past decade, far below the national average of 14. This suggests a focus on personalized education, which can be a significant draw for families and can impact property values by making the area more desirable. Real estate agents can leverage this data to highlight the local education quality, while appraisers and insurance agents might view it as a... Read more
Student-to-teacher ratio in Mills County, Texas over the last 10 years
Over the last decade, Mills County, Texas has maintained a low student-to-teacher ratio, oscillating between 8 and just over 9 students per teacher, significantly below the national average of 14 students per teacher. This metric may be a strong indicator of the quality of education in the area, as fewer students per teacher usually translates into more personalized attention and potentially better educational outcomes. For families considering relocation, or real estate agents marketing the area, this data point could highlight the value of Mills County's education system. Lower ratios could also impact property values or desirability, making the area attractive to those prioritizing quality education. Conversely, appraisers and insurance agents might also see this as a stable factor that minimizes risk.
