Montgomery County Real Estate and Livability Trends
Montgomery County, Texas has seen median home values jump to $293,500 in 2022, well above state and national medians. Economic signals like the peak in average taxable incomes at $116,006.38 in 2021, combined with dynamic tax trends, hint at promising investment opportunities. There's also a growing interest in energy-efficient homes, evident from the $2,188.19 spike in residential energy tax... Read more
Montgomery County Market Trends
Montgomery County, Texas has seen a noteworthy rise in median home values, hitting $293,500 in 2022, significantly surpassing the state median of $238,000 and the national median of $179,400. Residential energy tax credits also peaked at $2,188.19 in 2021, hinting at a growing trend in energy-efficient home improvements. Real estate taxes have steadily climbed, averaging $10,099.72 by 2020,... Read more
Median Value of Occupied Housing Units in Montgomery County, Texas Over the Last 8 Years
Montgomery County, Texas has seen a consistent and robust rise in median home values over the last eight years, peaking at $293,500 in 2022. This is substantially higher compared to the Texas state median of $238,000 and the national median of $179,400 for the same year. For investors and potential homeowners, this suggests a strong and healthy market, potentially indicating good returns on investments and a favorable environment for property development. This trend could also mean increased property tax revenues and higher overall living costs for current residents.
Residential Energy Tax Credit Per Tax Return in Montgomery County, TX Over the Last 9 Years
Montgomery County, Texas has seen a notable fluctuation in residential energy tax credits per tax return over the past nine years, peaking dramatically at $2,156.00 in 2018 and again reaching $2,188.19 in 2021. This trend suggests an increasing investment in energy-efficient home improvements, possibly driven by rising utility costs or enhanced tax incentives. Stakeholders like real estate agents, home appraisers, and property developers might consider these patterns as indicative of a growing emphasis on sustainability, potentially affecting property values and market attractiveness. Insurers might also adjust their risk assessments based on these energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Montgomery County, TX Over the Last 10 Years
Real estate taxes per tax return in Montgomery County, Texas, have shown a notable upward trajectory over the last decade, rising from $6,572.21 in 2012 to a peak of around $10,099.72 in 2020, before settling slightly at $10,079.54 in 2021. This consistent increase may signal a robust property market and could impact decisions related to investing in, appraising, or insuring properties in the area. For those planning to build or move, understanding this tax trend is essential for budgeting future expenses. Real estate agents, in particular, might use this data to better inform clients about long-term cost expectations in Montgomery County.
Percentage of Farm Returns in Montgomery County, TX Over the Last 10 Years
Farm tax returns in Montgomery County, Texas, show a generally declining trend over the last decade, dipping from around 1.30% in 2012 to just about 0.94% in 2021. This could suggest fewer farms are filing tax returns, which might indicate consolidation in the farming industry or a shift toward other types of land use. Anyone considering investment or property development in this county might find this trend worth noting as it can impact land availability, local market dynamics, and potential zoning changes.
Number of Mortgages by Occupancy Type in Montgomery County, TX Over the Last 5 Years in Montgomery County
The data reveals that Montgomery County, Texas, has seen a considerable increase in the number of mortgages for principal residences over the past five years, peaking at over 59,000 in 2021. Investment properties also saw a rise but experienced some volatility, especially with a noticeable dip in 2022. Mortgages for second residences remained relatively stable but low compared to other categories. These trends suggest a strong primary housing market, signaling potential for stable, long-term investments. For appraisers and insurance agents, shifts in occupancy types might indicate changing risk profiles and valuation trends. Real estate agents and developers should note the demand for primary residences could drive new development projects.
Economic Outlook
Montgomery County, Texas has experienced an upward trajectory in average taxable incomes, peaking at $116,006.38 in 2021, which may hint at economic stability and potential for growth. State and local income taxes reflected volatility, especially spiking in 2017 and 2020, with a notable high of $24,862.76 in 2021. The average total tax liability also showed fluctuations, hovering between $18,970.51 and $23,703.53 over the past decade. These trends highlight a dynamic fiscal landscape that could... Read more
Average Taxable Income per Tax Return in Montgomery County, TX over the last 9 years
Montgomery County, Texas has seen fluctuating average taxable incomes over the past nine years, peaking at $116,006.38 in 2021. While there were dips in years like 2016, 2020 also showed a somewhat lower figure at $96,643.39. Despite these variations, the general trend points to a growth in average taxable income, particularly noticeable in recent years, which may signal economic potential and stability. This can be appealing for investors, real estate agents, and those considering moving to the area.
Average State and Local Income Taxes Per Tax Return in Montgomery County, TX Over the Last 10 Years
Over the past decade, Montgomery County, Texas has seen volatility in state and local income taxes per tax return. Costs fluctuated from $10,398.07 in 2016 to a peak at $24,862.76 in 2021. Notable spikes occurred in 2017 and 2020, indicating possible economic shifts or policy changes. Prospective investors and property developers might view this as a sign of the dynamic fiscal landscape, which could influence long-term financial planning. Real estate agents and insurance professionals should consider these variations for more accurate client advisories.
Average Total Tax Liability Per Tax Return in Montgomery County, TX Over the Last 10 Years
Over the past decade, Montgomery County, Texas has seen fluctuations in average total tax liability per tax return, generally ranging between $18,970.51 and $23,703.53. Notable peaks occurred in 2014, 2017, and more recently in 2021, with amounts consistently trending around or slightly above $23,000. These trends could be reflective of economic shifts, varying income levels, and changes in local financial policies that might be of interest to investors, real estate agents, and potential movers seeking a grasp on the local fiscal landscape.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,859 | $1,395 | $1,777 | $1,688 | $1,234 |
| 1 adult 4 children | $1,859 | $1,140 | $1,357 | $1,688 | $1,380 |
| 2 adults 3 children | $1,859 | $1,140 | $1,542 | $1,688 | $1,015 |
| 1 adult 3 children | $1,859 | $931 | $1,123 | $1,688 | $1,175 |
| 2 adults 2 children | $1,411 | $933 | $1,308 | $1,469 | $810 |
| 1 adult 2 children | $1,411 | $697 | $888 | $1,469 | $847 |
| 2 adults 1 child | $1,411 | $738 | $1,073 | $757 | $752 |
| 1 adult 1 child | $1,411 | $476 | $654 | $757 | $670 |
| 2 adults | $1,182 | $593 | $839 | $0 | $630 |
| 1 adult | $1,112 | $323 | $419 | $0 | $544 |
Safety trends & Data
Larceny-theft leads property crime reports in Montgomery County, Texas, peaking in 2019 with 998 incidents. Fraud and vandalism saw significant spikes in 2022, with fraud reported 433 times. The 89 motor vehicle thefts in 2022 suggest a growing concern. These crime trends potentially influence property security measures and insurance rates. Notably, embezzlement and forgery have decreased over five years, hinting at strengthened financial security and anti-fraud measures. Real estate... Read more
Property Crime Trends in Montgomery County, TX Over the Last 5 Years
Larceny-theft consistently tops the list of property crimes in Montgomery County, Texas, with a notable peak in 2019 at 998 instances. Fraud and vandalism are also significant concerns, particularly in 2022, where fraud reached 433 reported cases. A surge in motor vehicle theft in 2022, at 89 instances, suggests a growing issue in this specific crime category. For those evaluating investment or relocation prospects, these trends may impact decisions on property security measures and insurance rates in the area. It's worth noting the decrease in embezzlement and forgery-related crimes over five years, indicating possible improvements in financial security and anti-fraud measures in place. Real estate agents and property developers should consider these changing crime dynamics when advising clients and planning projects.
Demographics
Montgomery County, Texas, shows a slightly higher female population compared to male residents, potentially impacting community services and healthcare. Educational attainment skews towards higher education, with a significant portion holding bachelor's and graduate degrees, suggesting a well-educated workforce. Age distribution data indicates a balanced spread across various age groups, which could imply stable demand for both youth and senior services. In terms of race, the population is... Read more
Race Distribution in Montgomery County, Texas (2022)
Educational Attainment in Montgomery County, Texas (2022)
Age Distribution in Montgomery County, Texas
Citizen Population in Montgomery County, Texas (2022)
Political Trends & Data
Montgomery County, Texas, leaned significantly Republican in the 2020 U.S. Presidential Election, capturing about 71% of the vote. Democratic support was limited to around 27%, and third-party candidates, including Libertarian and Green parties, collectively garnered less than 2%. This suggests a strong conservative inclination within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Montgomery County, Texas appears to have leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 71% of the vote, whereas Democratic support seems limited to about 27%. Third-party candidates, including Libertarian and Green parties, might not have had significant influence, collectively garnering less than 2% of the vote. This voting pattern might suggest a deeply entrenched conservative preference within the county.
71.22% of voters voted for the Republican party in the 2020 Presidential Election
27.39% of voters voted for the Democrat party in the 2020 Presidential Election
1.17% 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
0.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
Montgomery County, Texas has seen its student-to-teacher ratio hover around 15 over the past decade, slightly above the national average of 14. This ratio dropped in 2021 and 2023 to about 15, suggesting improved classroom dynamics and better individual attention for students. These trends could indicate targeted local efforts to align more closely with national standards, potentially influencing families considering relocation and attracting investment in educational infrastructure. Properties... Read more
Student-to-teacher ratio in Montgomery County, Texas over the last 10 years
Montgomery County, Texas has seen its student-to-teacher ratio generally hover around 15 over the past decade, slightly above the national average of 14. Notably, the ratio dropped in 2021 and 2023 to approximately 15, indicating improved classroom dynamics and potentially better individual attention for students. These fluctuations could imply targeted efforts by local educational authorities to align more closely with national standards, which might influence decisions for families considering relocating to the area, as well as attract investment in educational infrastructure. Property values and insurance premiums can also be indirectly affected by these trends, as a strong educational system often correlates with higher desirability in the real estate market.
