Mitchell County Real Estate and Livability Trends
Mitchell County, Texas has seen median home values rise sharply from $48,500 in 2015 to $83,900 in 2022, though it remains a more affordable option compared to state and national averages. The local economy hints at growth, with average taxable income climbing from $50,370.59 in 2013 to $61,476.53 in 2021, suggesting prospects for higher earnings and investment. Real estate taxes have also more... Read more
Mitchell County Market Trends
The median home value in Mitchell County, Texas increased significantly from $48,500 in 2015 to $83,900 in 2022, yet still falls below both state and national averages. This gap could make the area attractive for buyers seeking affordable options. Energy tax credits in the county saw a substantial spike in 2020, reaching $3,350.00, potentially indicating a surge in energy-efficient upgrades. Real... Read more
Median Value of Occupied Housing Units in Mitchell County, Texas Over the Last 8 Years
The median home value in Mitchell County, Texas has seen substantial fluctuations over the past eight years, rising from $48,500 in 2015 to $83,900 in 2022. Despite this growth, Mitchell County's median value remains significantly lower than both the state and national averages, where Texas peaked at $238,000 and the U.S. reached $179,400 in 2022. This disparity could present unique opportunities for investors or homebuyers seeking more affordable housing options compared to wider market trends.
Residential Energy Tax Credit Per Tax Return in Mitchell County, TX Over the Last 6 Years
Mitchell County, Texas shows interesting fluctuations in average residential energy tax credits per tax return over the last six years. From 2013 to 2016, the values remained relatively stable, increasing modestly from $240.00 to $300.00. However, a dramatic spike occurred in 2020, with the average credit soaring to $3,350.00, before slightly decreasing to $3,100.00 in 2021. This spike could suggest significant adoption of energy-efficient home upgrades or motivation from changing tax incentives, making this an intriguing trend for potential homeowners, real estate investors, and builders focusing on sustainable practices in this area.
Average Real Estate Taxes Per Tax Return in Mitchell County, TX Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Mitchell County, Texas have seen a substantial increase, rising from approximately $2,154.55 in 2012 to about $5,425.00 in 2021. Notable jumps occurred in 2014 and 2018, with an interesting dip in 2016. For those looking to invest or build property, this trend may suggest a growing valuation of properties in the area. Real estate agents and appraisers might find these figures indicative of increased market activity, while insurance agents should consider these tax hikes in policy pricing.
Percentage of Farm Returns in Mitchell County, TX Over the Last 10 Years
Mitchell County, Texas has experienced fluctuating farm return percentages over the past ten years, peaking at around 10.75% in 2016 and dipping to approximately 7.78% in 2020. Generally oscillating between 9% and 10%, these returns provide insights into the agricultural productivity and economic health of the region's farming sector. Farm tax returns measure income from agricultural activities, affecting local economies and influencing real estate trends. Investors, developers, and new residents might consider these figures indicative of the region's overall economic stability and potential for agricultural development.
Number of Mortgages by Occupancy Type in Mitchell County, TX Over the Last 5 Years in Mitchell County
Mitchell County, Texas has shown a steady increase in the number of principal residence mortgages, from 167 in 2018 to 225 in 2022, suggesting a growing demand for primary homes. Investment property mortgages also rose from 3 to 19 over the same period, a potential signal of increasing investor interest. Meanwhile, mortgages for second residences have remained minimal, fluctuating around 3 to 5 annually. These trends could imply changing economic conditions and shifting preferences that might interest investors, real estate agents, and appraisers, impacting property valuation and insurance considerations. Changes in occupancy types can reflect broader economic trends, influencing market demand, rental yield potentials, and community development dynamics.
Economic Outlook
Mitchell County, Texas, has experienced varied trends in average taxable income and tax liabilities per tax return over the past nine years. The average taxable income rose from $50,370.59 in 2013 to $61,476.53 in 2021, suggesting potential economic growth and higher earning potential that could attract investors and property developers. Meanwhile, the average total tax liability has seen significant fluctuations, with highs of $11,350.91 in 2012 and lows of $6,894.95 in 2016. By 2021, it... Read more
Average Taxable Income per Tax Return in Mitchell County, TX over the last 9 years
Mitchell County, Texas has seen varied trends in average taxable income per tax return over the past nine years. Despite some fluctuations, there's a noticeable upward trajectory from $50,370.59 in 2013 to $61,476.53 in 2021. This increase could signal economic growth or higher earning potential in the area, which may be of interest to potential investors, property developers, and real estate professionals. For insurance agents and appraisers, understanding these trends may help in accurately assessing property values and risks.
Average Total Tax Liability Per Tax Return in Mitchell County, TX Over the Last 10 Years
Mitchell County, Texas has seen significant fluctuations in average total tax liability per tax return over the past decade, with a notable high of $11,350.91 in 2012 and a low of $6,894.95 in 2016. Recent years show a resurgence, reaching $10,246.08 in 2021. These shifts could suggest varying economic conditions and tax policy impacts, which could be vital for investors and real estate professionals assessing the economic stability and attractiveness of the area.
Cost of Living in Mitchell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,275 | $2,155 | $1,062 | $866 |
| 1 adult 4 children | $1,174 | $1,041 | $1,651 | $1,062 | $953 |
| 2 adults 3 children | $1,174 | $1,041 | $1,869 | $1,062 | $691 |
| 1 adult 3 children | $1,174 | $850 | $1,364 | $1,062 | $736 |
| 2 adults 2 children | $826 | $853 | $1,582 | $928 | $594 |
| 1 adult 2 children | $826 | $637 | $1,078 | $928 | $530 |
| 2 adults 1 child | $826 | $674 | $1,295 | $495 | $594 |
| 1 adult 1 child | $826 | $435 | $791 | $495 | $472 |
| 2 adults | $731 | $541 | $1,009 | $0 | $541 |
| 1 adult | $623 | $295 | $504 | $0 | $448 |
Safety trends & Data
Mitchell County, Texas has experienced some notable changes in property crime trends over the past three years. Specifically, burglary incidents have halved from 8 in 2018 to 4 in 2020, and motor vehicle theft peaked in 2019 with 6 arrests. Larceny-theft has held steady with 8 annual arrests, and 2020 introduced fraud cases with 2 arrests. These shifts could be key for investors, developers, or those planning to relocate, as variations in crime rates often impact property values and insurance... Read more
Property Crime Trends in Mitchell County, TX Over the Last 3 Years
Mitchell County, Texas has seen fluctuations in property crime over the past three years. Notably, burglary incidents decreased from 8 in 2018 to 4 in 2020, while motor vehicle theft peaked in 2019 with 6 arrests. Larceny-theft has remained steady at 8 arrests each year. The introduction of fraud cases in 2020, with 2 arrests, also adds a new dimension to the crime pattern. These trends could be crucial for those considering investments, property development, or relocation, as shifts in crime rates can influence property values and insurance premiums.
Demographics
Mitchell County, Texas, exhibits a higher male population compared to females. The educational attainment shows a large portion of residents have a high school diploma, with some attending college but not completing a degree, while a smaller segment holds graduate degrees. The age distribution highlights a younger skew with significant numbers in the 20 to 34-year range. Racially, the county is predominantly White, with noticeable representations of Black or African American residents and a... Read more
Race Distribution in Mitchell County, Texas (2022)
Educational Attainment in Mitchell County, Texas (2022)
Age Distribution in Mitchell County, Texas
Citizen Population in Mitchell County, Texas (2022)
Political Trends & Data
Mitchell County, Texas, leans heavily Republican, with around 84% of the 2020 U.S. Presidential Election votes cast in their favor. Democrats took about 15%, and Libertarians and the Green Party barely registered. This political skew likely shapes local policies and community priorities, impacting everything from development projects to public... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mitchell County, Texas, the 2020 U.S. Presidential Election data hints at a rich Republican dominance, with approximately 84% of votes cast in their favor. Democrats lag significantly, garnering about 15% of the vote. Libertarians barely made a mark with just over 0.4%, while the Green Party scarcely registered. This distribution suggests a heavily skewed political landscape, potentially influencing local policies and community priorities.
84.14% of voters voted for the Republican party in the 2020 Presidential Election
15.39% of voters voted for the Democrat party in the 2020 Presidential Election
0.43% of voters voted for the Livertarian party in the 2020 Presidential Election
0.04% of voters voted for the Green party in the 2020 Presidential Election
School Data
In Mitchell County, Texas, the student-to-teacher ratio has mostly stayed between 11 and 12 over the past decade, which is lower than the U.S. average of 14 students per teacher. A spike to 81 students per teacher in 2017 seems anomalous, suggesting possible data errors or temporary issues. This consistently low ratio could be a draw for educators, parents, and homebuyers attracted to personalized education, potentially impacting property values and community... Read more
Student-to-teacher ratio in Mitchell County, Texas over the last 10 years
Over the past decade, the student-to-teacher ratio in Mitchell County, Texas, has mostly hovered between 11 and 12, which remains below the U.S. national average of 14 students per teacher. However, an anomalous spike to 81 students per teacher in 2017 might warrant further investigation for potential data errors or temporary issues. This consistently low ratio could be appealing for educators seeking manageable classroom sizes, parents prioritizing more personalized attention for their children, and potential homebuyers attracted to strong educational support in the area. Notably, such ratios might also influence property values and community appeal, making it a vital metric for investors, real estate agents, and insurance agents keeping an eye on local market attractiveness.
