Montague County Real Estate and Livability Trends
Montague County, Texas has seen notable economic volatility, with average taxable income peaking at approximately $68,286.85 in 2021, alongside fluctuating state and local tax liabilities reaching $13,133.33. Despite this, median home values surged from $96,000.00 in 2015 to $166,900.00 in 2022, hinting at increased local development. Real estate taxes also rose significantly, reflecting rising... Read more
Montague County Market Trends
Montague County, Texas has witnessed a substantial surge in median home values, jumping from $96,000.00 in 2015 to $166,900.00 in 2022, outpacing the national median rise. The rapid increase, though still lower than the Texas state average, suggests a spike in local interest and development, highlighting potential investment opportunities. Residential energy tax credits have shown remarkable... Read more
Median Value of Occupied Housing Units in Montague County, Texas Over the Last 8 Years
Montague County, Texas saw a sharp increase in median home values from $96,000.00 in 2015 to $166,900.00 in 2022. This local market outpaced the national median, which rose from $125,500.00 to $179,400.00 over the same period, though still remained lower overall. Compared to the Texas state average, Montague County's growth trajectory was more rapid but the absolute value was notably lower, with Texas jumping from $136,000.00 to $238,000.00 in median home value. This steep growth in Montague County may signal a surge in interest or development, providing a unique investment opportunity distinct from broader market trends.
Residential Energy Tax Credit Per Tax Return in Montague County, TX Over the Last 8 Years
Average residential energy tax credit per tax return in Montague County, Texas has shown considerable fluctuations over the last eight years. After a notable jump from $292.31 in 2015 to $561.54 in 2016, the trend continues upwards, peaking at $2,584.62 in 2021. The significant increase in recent years suggests growing investments in energy-efficient upgrades, possibly driven by changing energy policies or incentives. This trend could be a key factor for real estate investments, appraisals, and insurance considerations, as modern energy-efficient properties often carry higher values and may appeal more to environmentally-conscious buyers or investors.
Average Real Estate Taxes Per Tax Return in Montague County, TX Over the Last 10 Years
Montague County, Texas has seen a notable increase in average real estate taxes over the past decade, rising from roughly $2,966.00 in 2012 to about $5,482.22 in 2021. The most significant jumps occurred between 2017 and 2018, and again between 2019 and 2021. These trends could indicate rising property values and development in the area, which might appeal to investors and real estate agents. However, it also means potential homeowners need to prepare for higher ongoing expenses. This data is valuable for appraisers and insurance agents as part of assessing property value and risk.
Percentage of Farm Returns in Montague County, TX Over the Last 10 Years
Farm tax returns in Montague County, Texas have shown some interesting fluctuations over the past decade. Starting at around 15.10% in 2012, these returns inched close to 15.65% by 2014, suggesting a modest rise in agricultural revenue. However, there was a small dip to roughly 13.73% by 2020, followed by a slight recovery to about 14.11% in 2021. This reflects potential volatility in the local farming economy which might be critical for anyone considering investing or building properties in this region. Understanding these trends could be essential for determining future stability and growth opportunities.
Number of Mortgages by Occupancy Type in Montague County, TX Over the Last 5 Years in Montague County
In Montague County, Texas, the number of mortgages for different occupancy types has shown notable fluctuations over the last five years. Principal residences have consistently dominated the mortgage counts, peaking in 2021 with 1,024 mortgages. Investment property mortgages have also gradually increased from 33 in 2019 to 62 in 2022, while second residences have remained relatively stable, peaking at 65 in 2020. These changes in occupancy types could signal underlying economic shifts or preferences, affecting investment decisions, property values, insurance premiums, and development planning. For investors and real estate agents, understanding these trends might elucidate market demand fluctuations and potential risk factors in Montague County. For those looking to relocate or develop new properties, these insights could inform decisions on optimal property types to target.
Economic Outlook
Montague County, Texas, has experienced noticeable fluctuations in average taxable income per tax return over the past nine years, with figures peaking in 2021 at approximately $68,286.85. This volatility, paired with significant variability in average state and local income taxes—reaching $13,133.33 in 2021—could indicate economic instability that investors and developers might find intriguing for gauging economic resilience. The average total tax liability also reflected this pattern of... Read more
Average Taxable Income per Tax Return in Montague County, TX over the last 9 years
Over the past nine years, Montague County, Texas has seen notable fluctuations in average taxable income per tax return. While there was an uptick around 2014 with incomes rising to approximately $60,532.33, a decline was observed in subsequent years, hitting a low of about $49,201.91 in 2016. Post-2016, incomes generally trended upward with occasional dips, peaking in 2021 at roughly $68,286.85. These variances could reflect economic changes affecting the county, making it a potential area of interest for investors and developers evaluating economic resilience and growth potential.
Average State and Local Income Taxes Per Tax Return in Montague County, TX Over the Last 10 Years
Over the past decade, the average state and local income taxes per tax return in Montague County, Texas have experienced significant fluctuations. Peaking sharply in 2021 at $13,133.33, this figure stood out against more moderate averages during early years like 2013 and 2017, when it hovered around $4,145.45 and $3,825.00 respectively. Investors and property developers may find this trend noteworthy as it suggests potential economic volatility which can impact financial planning and growth projections. This variability is also crucial for appraisers and insurance agents given that fluctuating tax liabilities could affect property values and insurance premiums in the area. For potential residents, understanding this historical tax data could provide insights into the financial climate of Montague County, aiding in better decision-making regarding relocating or investing.
Average Total Tax Liability Per Tax Return in Montague County, TX Over the Last 10 Years
Over the past decade in Montague County, Texas, the average total tax liability per tax return has shown notable fluctuations. Starting at $9,803.67 in 2012, it peaked at $11,085.69 in 2014 before experiencing a low at $7,409.29 in 2016. Recent years have seen a rebound with figures like $10,230.22 in 2021. This variability potentially indicates a swinging economic backdrop and varying taxpayer incomes, crucial for stakeholders such as potential investors, property builders, and insurance agents to understand for strategic planning and forecasting.
Cost of Living in Montague County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,358 | $1,347 | $2,285 | $1,109 | $978 |
| 1 adult 4 children | $1,358 | $1,100 | $1,751 | $1,109 | $1,076 |
| 2 adults 3 children | $1,358 | $1,101 | $1,980 | $1,109 | $788 |
| 1 adult 3 children | $1,358 | $898 | $1,447 | $1,109 | $821 |
| 2 adults 2 children | $1,015 | $901 | $1,676 | $968 | $650 |
| 1 adult 2 children | $1,015 | $673 | $1,142 | $968 | $589 |
| 2 adults 1 child | $1,015 | $712 | $1,372 | $510 | $638 |
| 1 adult 1 child | $1,015 | $460 | $838 | $510 | $521 |
| 2 adults | $771 | $572 | $1,067 | $0 | $551 |
| 1 adult | $765 | $312 | $534 | $0 | $478 |
Safety trends & Data
Montague County, Texas, has seen dramatic fluctuations in property crime, particularly between 2019 and 2021. The peak in 2019, with burglary at 29 and larceny-theft at 35, contrasts sharply with significant declines to just 2 burglaries in 2020 and 1 in 2021. This decrease hints at possibly more effective law enforcement or shifts in community behavior, making the county potentially more attractive to investors, residents, and real estate... Read more
Property Crime Trends in Montague County, TX Over the Last 4 Years
Montague County, Texas has experienced noticeable fluctuations in property crime over the past four years. 2019 saw the highest levels, with significant increases in burglary (29) and larceny-theft (35). However, from 2020 onward, there was a sharp decline in these crimes, with burglary dropping to 2 in 2020 and further to 1 in 2021. This trend could signal effective law enforcement measures or changes in community behavior. Although occasional spikes in forgery and arson in 2019 suggest isolated incidents, the overall decrease in property crimes might make the county more appealing for investors, potential residents, and real estate professionals.
Demographics
In Montague County, Texas, the adult population is relatively balanced between males and females. Educational attainment shows a strong leaning towards high school graduates, with fewer individuals achieving higher education degrees such as Bachelor's or Graduate degrees. Age distribution reveals a significant portion of the population is middle-aged, particularly between 45 to 64 years. Racially, the county is predominantly White, with very small representations from Black, American Indian,... Read more
Race Distribution in Montague County, Texas (2022)
Educational Attainment in Montague County, Texas (2022)
Age Distribution in Montague County, Texas
Citizen Population in Montague County, Texas (2022)
Political Trends & Data
Montague County, Texas, showed a strong Republican preference in the 2020 U.S. Presidential Election, with the GOP possibly capturing around 88% of the vote. Democrats might have only received about 11%, reflecting a clear conservative leaning. Minor parties, like the Libertarian and Green parties, collectively had less than 1% of the vote, suggesting a community with deeply entrenched political views that could shape local policies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Montague County, Texas, in the 2020 U.S. Presidential Election, leaned heavily Republican, with the party possibly securing around 88% of the vote. In contrast, Democrats maybe only garnered about 11%, indicating a stark preference for conservative candidates in this locality. Minor parties, such as the Libertarian and Green parties, seemed to have minimal impact, collectively amounting to under 1% of the vote. This distribution suggests a deeply entrenched political inclination that could influence local policies and community decisions.
87.74% of voters voted for the Republican party in the 2020 Presidential Election
11.17% of voters voted for the Democrat party in the 2020 Presidential Election
0.79% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-teacher ratios in Montague County, Texas have ranged from 10 to 12 over the past decade, significantly below the national average of 14. This could signal smaller class sizes, attracting families who prioritize individual attention for their children. For real estate professionals, this trend may enhance property values, showcasing a robust educational environment. Additionally, insurance agents might see this data as reflecting community engagement and stability, making Montague County... Read more
Student-to-teacher ratio in Montague County, Texas over the last 10 years
Student-to-teacher ratios in Montague County, Texas have hovered between 10 and 12 over the past decade, consistently lower than the national average of 14. This trend could imply smaller class sizes, which may be appealing to families prioritizing individual attention for their children. Investors, appraisers, and real estate agents might keep an eye on this as a selling point, suggesting a robust educational environment that could enhance property values. For those considering building property or moving into the area, these ratios might be seen as a sign of a quality school system, potentially making the county a more attractive option. Insurance agents might also find this data relevant as it could correlate with community engagement and stability.
