Morris County Real Estate and Livability Trends
Morris County, Texas, has experienced a nine-year rise in average taxable income per tax return, growing from $42,549.63 in 2013 to $48,913.86 in 2021. This trend hints at potential economic growth, making the area more attractive to investors and new residents. Median home values jumped from $69,300 in 2015 to $108,600 in 2022, presenting an appealing entry point compared to state and national... Read more
Morris County Market Trends
Morris County's median home values jumped from $69,300 in 2015 to $108,600 in 2022, presenting a lower entry point than Texas state and national medians. This disparity could signal attractive investment opportunities. Energy tax credits per return have varied incredibly, spiking to $1,375.00 in 2019 but dipping to $616.67 in 2020, suggesting potential tax incentives for energy-efficient... Read more
Median Value of Occupied Housing Units in Morris County, Texas Over the Last 8 Years
Morris County's median home values have experienced consistent growth over the past eight years, jumping from $69,300 in 2015 to $108,600 in 2022. Despite this substantial local increase, Morris County still lags behind both the Texas state and national median values, which reached $238,000 and $179,400 respectively by 2022. This contrast could present potential investment opportunities given the comparatively lower entry point for housing in Morris County, especially as the area continues its upward trend.
Residential Energy Tax Credit Per Tax Return in Morris County, TX Over the Last 8 Years
Over the last eight years in Morris County, Texas, the average residential energy tax credit per tax return has seen notable fluctuations. While starting around $370.00 in 2013, there was a significant rise to $1,125.00 in 2017 and further climbing to $1,375.00 in 2019, though it dipped to $616.67 in 2020. This variable trend indicates potential fluctuations in energy-efficient home improvements or changes in tax credit policies. For those looking to invest in property or assess the viability of energy-efficient upgrades, these trends suggest that Morris County may offer potential tax incentives during certain periods, which could influence decisions on property investments and home renovations.
Average Real Estate Taxes Per Tax Return in Morris County, TX Over the Last 10 Years
Over the past decade, Morris County, Texas has generally seen an increase in real estate taxes per tax return, peaking significantly in 2018 at $3,716.67 and remaining relatively high through to 2021 with $3,791.67. This upward trend suggests a potential rise in property values, which could be of interest to investors, appraisers, and real estate agents. However, the variability year-to-year indicates some level of economic fluctuation, which could be pertinent for insurance agents and property developers to consider when evaluating risk and future growth.
Percentage of Farm Returns in Morris County, TX Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Morris County, Texas has displayed a slight upward trend, rising from 9.80% in 2012 to 10.69% in 2021. Farm tax returns provide a useful indicator of agricultural activity and economic vitality in the region. For potential investors, property developers, or those considering a move to Morris County, an increase in farm tax returns might suggest a stable or growing agricultural sector, potentially offering opportunities for investment in related infrastructure or services. Additionally, for residents and prospective residents, an active farming community could mean more local produce and agricultural events, contributing to the overall quality of life in the county.
Number of Mortgages by Occupancy Type in Morris County, TX Over the Last 5 Years in Morris County
The number of mortgages in Morris County, Texas has shown a steady preference for principal residences, which dominated filings significantly over the past five years. Investment properties and second residences followed far behind, with minor fluctuations. This trend might indicate a relatively stable local economy with a balanced push towards homeownership as opposed to high investment speculation or vacation market surges. These changes in occupancy type can impact property values, insurance policies, and the overall market stability, guiding decisions for potential investors, builders, and realtors in Morris County.
Economic Outlook
Morris County, Texas has shown an upward trend in average taxable income per tax return over the past nine years, growing from $42,549.63 in 2013 to $48,913.86 in 2021. This could signal economic growth, making the area potentially more attractive to investors and new residents. Importantly, 2020 saw a significant bump to $47,578.24, possibly reflecting broader economic conditions. Meanwhile, average state and local income taxes have fluctuated, peaking at about $4,083.33 in 2017, which may... Read more
Average Taxable Income per Tax Return in Morris County, TX over the last 9 years
Morris County, Texas has shown an upward trend in average taxable income per tax return over the past nine years, suggesting possible economic growth. From $42,549.63 in 2013 to $48,913.86 in 2021, there has been an overall increase that may attract investors and individuals considering relocation. Notably, 2020 saw a significant rise to $47,578.24, likely influenced by broader economic conditions. Real estate experts, builders, and insurance agents might see this as an indicator of a relatively prosperous and stable market in Morris County.
Average State and Local Income Taxes Per Tax Return in Morris County, TX Over the Last 6 Years
Morris County, Texas has seen fluctuating average state and local income taxes per tax return over the past six years. After a dip to $1,900.00 in 2014 from $2,325.00 in 2012, there was a notable rise to $3,200.00 in 2015. The average taxes reached a peak of approximately $4,083.33 in 2017. These variations suggest a dynamic local economy that may impact decisions for potential investors, property owners, and real estate professionals. In particular, those interested in the area should be aware of potential shifts in local tax policies and economic conditions that could affect financial planning.
Average Total Tax Liability Per Tax Return in Morris County, TX Over the Last 10 Years
Over the past decade, Morris County, Texas has experienced notable fluctuations in average total tax liability per tax return. These variances peaked in 2015 at approximately $8,157.00, marking a significant increase from previous years. However, 2017 brought a notable decrease to around $5,732.77, indicating potential shifts in the local economy or tax policies. More recently, the average has stabilized somewhat, with 2021 showing an average tax liability of about $5,917.65. This data could be particularly insightful for investors, real estate agents, and potential homeowners interested in understanding the economic landscape and fiscal responsibilities within Morris County.
Cost of Living in Morris County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,267 | $1,940 | $1,085 | $796 |
| 1 adult 4 children | $1,174 | $1,035 | $1,484 | $1,085 | $875 |
| 2 adults 3 children | $1,174 | $1,035 | $1,682 | $1,085 | $630 |
| 1 adult 3 children | $1,174 | $845 | $1,227 | $1,085 | $644 |
| 2 adults 2 children | $826 | $847 | $1,425 | $947 | $534 |
| 1 adult 2 children | $826 | $633 | $970 | $947 | $467 |
| 2 adults 1 child | $826 | $670 | $1,168 | $496 | $538 |
| 1 adult 1 child | $826 | $432 | $713 | $496 | $440 |
| 2 adults | $628 | $538 | $910 | $0 | $479 |
| 1 adult | $552 | $293 | $455 | $0 | $404 |
Safety trends & Data
In Morris County, Texas, property crime rates have shown notable fluctuations over the past five years. Burglary incidents have decreased from 14 in 2018 to 8 in 2022, while larceny-theft also saw a downward trend from 38 to 22 during the same period. Motor vehicle theft peaked at 11 in 2019 but dropped to 4 by 2022. Incidents of forgery and counterfeiting declined dramatically from 25 in 2018 to 5 in 2022. These trends might hint at an improving property crime landscape, which could positively... Read more
Property Crime Trends in Morris County, TX Over the Last 5 Years
Over the past five years in Morris County, Texas, property crime trends have shown some fluctuations. While burglary incidents have generally decreased from 14 in 2018 to 8 in 2022, larceny-theft has seen a more varied but downward trend, from 38 in 2018 to 22 in 2022. Interestingly, motor vehicle theft peaked at 11 arrests in 2019 but has since decreased to 4 by 2022. Forgery and counterfeiting incidents also showed a decline, from 25 in 2018 to 5 in 2022. For potential investors and real estate agents, these trends could point to a slight improvement in property crime rates, which might impact property values positively and should be a consideration for appraisors and insurance agents when assessing risk.
Demographics
In Morris County, Texas, the adult population shows a slight female majority. Educational attainment is fairly diverse, but a significant portion stops at high school or some college, with fewer residents achieving degrees above a bachelor's level. Age distribution reveals a balanced spread with a notable concentration in the 55 to 64 year bracket. Racially, the area is predominantly White, with a considerable Black or African American community and smaller proportions of other races. These... Read more
Race Distribution in Morris County, Texas (2022)
Educational Attainment in Morris County, Texas (2022)
Age Distribution in Morris County, Texas
Citizen Population in Morris County, Texas (2022)
Political Trends & Data
Morris County's real estate market trends could be influenced by its primarily conservative electorate, as seen in the 2020 U.S. Presidential Election where approximately 69% of voters leaned Republican. This political alignment may shape preferences for certain property types and developments, potentially attracting buyers who prioritize traditional values and stable community structures. It could also affect local policies related to zoning, property taxes, and infrastructure development,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Morris County, Texas, showed a strong leaning towards the Republican Party in the 2020 U.S. Presidential Election, with approximately 69% of the vote. Democrats garnered nearly 30%, while Libertarians attracted around 0.6%. The Green Party received less than 0.2% of the vote, and other parties didn't make a substantial impact. These numbers suggest a primarily conservative electorate in Morris County.
69.30% of voters voted for the Republican party in the 2020 Presidential Election
29.87% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Morris County, Texas, has consistently stayed below the national average, recently dropping from 11.81 in 2019 to 10.31 in 2023. This could make the area attractive for families seeking more individualized attention in education, potentially boosting the local real estate demand. For investors, this trend might signify an opportunity, as towns with appealing schools often see increased property values, influencing appraisal and insurance... Read more
Student-to-teacher ratio in Morris County, Texas over the last 10 years
Over the past decade, the student-to-teacher ratio in Morris County, Texas has fluctuated but overall remained consistently lower than the U.S. national average of fourteen students per teacher. Most recently, the ratio has seen a slight decline from 11.81 in 2019 to 10.31 in 2023. This trend suggests that classrooms in Morris County might offer more personalized attention and smaller class sizes compared to other areas, which could attract families seeking a more hands-on educational environment. For investors, real estate agents, and those planning to build properties, this could be seen as an appealing factor, possibly driving demand in the local housing market. Moreover, appraisers and insurance agents should consider the potential for increased property values in areas with favorable educational settings.
