Navarro County Real Estate and Livability Trends
Navarro County, Texas shows promising economic trends, as average taxable income jumped from $45,640.22 in 2013 to $58,828.75 in 2021, potentially signaling a more affluent buyer's market. Median home values have almost doubled over seven years, rising from $81,300 in 2015 to $142,300 in 2022, hinting at lucrative opportunities for investors. Real estate tax hikes and increased residential energy... Read more
Navarro County Market Trends
Median home values in Navarro County, Texas have surged from $81,300 in 2015 to $142,300 in 2022, suggesting potential growth for investors despite still trailing behind Texas's $238,000 and the national median of $179,400 for the same year. Residential energy tax credits saw a notable increase, peaking at $2,286.67 per return in 2019, reflecting a heightened focus on energy efficiency. Real... Read more
Median Value of Occupied Housing Units in Navarro County, Texas Over the Last 8 Years
Median home values in Navarro County, Texas have experienced an upward trajectory over the past eight years. Starting at $81,300 in 2015, the median value surged to $142,300 by 2022. While this increase is significant, Navarro County's median values still lag behind the Texas state average, which peaked at $238,000 in 2022, and the national average of $179,400 the same year. For potential investors or homebuyers, this gap could indicate potential for growth in the local market, presenting a comparatively affordable entry point with room for appreciation.
Residential Energy Tax Credit Per Tax Return in Navarro County, TX Over the Last 9 Years
Over the last nine years, Navarro County, Texas has seen a significant increase in average residential energy tax credits per tax return. Starting at $364.00 in 2013 and peaking at $2,286.67 in 2019, these figures suggest a growing emphasis on energy efficiency incentives. This trend may be of particular interest to investors, real estate agents, and property developers, as it points to potential cost savings and valuation boosts for energy-efficient homes. For insurance agents and appraisers, the data could imply adjustments in property assessments and insurance premiums based on energy upgrades.
Average Real Estate Taxes Per Tax Return in Navarro County, TX Over the Last 10 Years
Real estate taxes in Navarro County, Texas have seen a significant upward trend over the past decade, moving from an average of around $3,790.66 in 2012 to about $7,966.15 in 2021. Notably, there was a sharp increase between 2017 and 2018, jumping from approximately $4,790.38 to $6,605.41. This spike could be a potential area of interest for investors and insurance agents evaluating the cost trajectory. Real estate agents and appraisers might also find these figures compelling when assessing market conditions and property values in the county.
Percentage of Farm Returns in Navarro County, TX Over the Last 10 Years
Navarro County, Texas has seen some fluctuations in the percentage of farm tax returns over the past decade, with a slight decline from 7.65% in 2012 to 7.00% in 2021. This trend could be indicative of broader agricultural or economic changes in the area. Farm tax returns are essentially the income declarations made by farmers and ranchers for tax purposes, reflecting their agricultural activities. Keeping an eye on these trends might help potential investors or residents gauge the vitality and financial health of the farming sector in the region. If you're considering setting up agricultural operations or investing in rural properties, these figures could provide valuable insight into the local farming landscape's stability and growth potential.
Number of Mortgages by Occupancy Type in Navarro County, TX Over the Last 5 Years in Navarro County
Navarro County, Texas has seen an upward trend in the number of mortgages over the last five years, particularly for principal residences. Investment properties and second residences show more stability but with some fluctuations. The surge in principal residences could indicate a growing population and demand for permanent housing, which might bode well for real estate agents and builders. Meanwhile, appraisers and insurance agents might be interested in the steady yet varied interest in investment and secondary properties, which could reflect shifts in economic confidence and investment strategies. These occupancy types affect market dynamics, risk assessments, and growth potential for just about anyone engaged in the real estate ecosystem.
Economic Outlook
Navarro County, Texas has experienced a noticeable rise in average taxable income per tax return, surging from $45,640.22 in 2013 to $58,828.75 in 2021. This trend might reflect improving economic conditions and could suggest a growing market for higher-end properties. On the tax front, state and local income taxes have been volatile, with a notable peak at $6,580.00 in 2021 and a sharp drop to $3,720.00 in 2020, potentially influencing property investment strategies due to the unpredictable... Read more
Average Taxable Income per Tax Return in Navarro County, TX over the last 9 years
Over the past nine years, average taxable income per tax return in Navarro County, Texas has shown some variability but with a general upward trend. Notably, there's been a significant increase from $45,640.22 in 2013 to $58,828.75 in 2021. This growth in reported income may indicate improving economic conditions and potentially a rising standard of living. For real estate agents, this may suggest a growing market for higher-end properties while appraisers might find increasing home values. Investors and those looking to move might consider these trends as a sign of a flourishing local economy, and insurance agents could see evolving policy needs reflecting these economic changes.
Average State and Local Income Taxes Per Tax Return in Navarro County, TX Over the Last 10 Years
Navarro County, Texas has seen fluctuating trends in state and local income taxes per tax return over the past decade, with a notable peak in 2021 at $6,580.00 and a significant drop in 2020 to $3,720.00. This variability could impact decisions for investors, homeowners, and real estate agents, as tax stability is often a key factor in property investment strategies. The peaks and troughs in tax amounts suggest an unpredictable tax landscape which might influence those considering long-term commitments in the county. Additionally, tax appraisers and insurance agents might find these trends useful for assessing risk and setting premiums.
Average Total Tax Liability Per Tax Return in Navarro County, TX Over the Last 10 Years
Over the past decade, Navarro County, Texas has seen fluctuating average total tax liabilities per tax return, peaking in 2015 at approximately $9,683.97 and dipping as low as $7,212.71 in 2016. The general trend indicates a relatively stable range with occasional spikes, reflecting potential economic activities and fiscal policies impacting the area. For potential investors and real estate agents, understanding these variations can provide insights into local economic conditions and financial burdens, potentially influencing property values and investment decisions. Insurance agents and appraisers should consider these trends when evaluating risks and setting coverage terms, as tax liabilities often align with property ownership and economic vitality indicators.
Cost of Living in Navarro County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,252 | $1,198 | $1,842 | $1,570 | $872 |
| 1 adult 4 children | $1,252 | $979 | $1,409 | $1,570 | $989 |
| 2 adults 3 children | $1,252 | $979 | $1,598 | $1,570 | $713 |
| 1 adult 3 children | $1,252 | $799 | $1,165 | $1,570 | $770 |
| 2 adults 2 children | $885 | $801 | $1,354 | $1,371 | $592 |
| 1 adult 2 children | $885 | $599 | $921 | $1,371 | $552 |
| 2 adults 1 child | $885 | $633 | $1,110 | $724 | $563 |
| 1 adult 1 child | $885 | $409 | $677 | $724 | $475 |
| 2 adults | $672 | $509 | $866 | $0 | $462 |
| 1 adult | $595 | $278 | $433 | $0 | $400 |
Safety trends & Data
Navarro County, Texas has fluctuated property crime rates over the last five years, with larceny-theft peaking at 96.00 cases in 2018 before a slight dip. Burglary has shown a more consistent decline, dropping to 18.00 cases in 2022. Arson remains rare, averaging around one incident annually. However, fraud and vandalism are on the rise, signaling emerging concerns for residents and... Read more
Property Crime Trends in Navarro County, TX Over the Last 5 Years
Navarro County, Texas has seen fluctuation in property crime rates over the last five years. While larceny-theft incidents remained consistently high, they peaked at 96.00 cases in 2018 and saw a slight decrease thereafter. Burglary incidents showed a general declining trend, dropping from 39.00 in 2018 to 18.00 in 2022. Interestingly, the number of arson cases remained very low, with an average of about one incident per year, indicating such crimes are rare. Meanwhile, significant increases in fraud and vandalism cases in more recent years highlight emerging concerns for residents and investors alike.
Demographics
Navarro County, Texas presents a fairly balanced demographic split with a slight female majority. Educational attainment shows a leaning towards high school graduates and individuals with some college education, which could suggest a workforce with potential for further skill development. The county's age distribution is skewed towards younger adults and middle-aged residents, reflecting a potentially stable workforce and consumer base for future growth. When looking at race, the population... Read more
Race Distribution in Navarro County, Texas (2022)
Educational Attainment in Navarro County, Texas (2022)
Age Distribution in Navarro County, Texas
Citizen Population in Navarro County, Texas (2022)
Political Trends & Data
Navarro County in Texas displayed a strong Republican preference in the 2020 U.S. Presidential Election, with Republicans potentially capturing around 72% of the vote while Democrats may have managed just under 27%. This significant tilt toward the Republican Party might highlight prevailing political sentiments in rural Texas regions, where other parties such as the Libertarians and Greens seemed to make minimal impact, collectively securing less than 2% of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Navarro County in Texas saw a significant tilt towards the Republican Party in the 2020 U.S. Presidential Election, with Republicans potentially capturing around 72% of the vote. Democrats may have garnered just under 27%, a substantial gap from their Republican counterparts. Other parties, including the Libertarians and Greens, appeared to have made a minimal impact, collectively accumulating less than 2% of the votes. This strong Republican preference could reflect broader political trends in rural Texas areas.
72.16% of voters voted for the Republican party in the 2020 Presidential Election
26.67% of voters voted for the Democrat party in the 2020 Presidential Election
0.87% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Green party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Navarro County, Texas has experienced a steady decrease in its student-to-teacher ratio, dropping from 15:1 in 2014 to around 13:1 by 2023, which is below the national average. This improvement in educational quality could appeal to families, potentially boosting demand for housing. For real estate agents, this can be a significant selling point, while investors and developers might see it as an indicator of rising property values. Insurance agents and property appraisers could also find this... Read more
Student-to-teacher ratio in Navarro County, Texas over the last 10 years
Navarro County, Texas has seen its student-to-teacher ratio decline over the last decade, dropping from 15 students per teacher in 2014 to approximately 13 students per teacher in 2023. This trend suggests potential improvements in individualized attention and education quality, making the county potentially more attractive to families considering relocation. For real estate agents, this can serve as a selling point, highlighting improvements in local school conditions. For investors and developers, understanding shifts in educational quality could indicate rising property values and increased demand. Insurance agents and property appraisers might find these shifts relevant for assessing community value and risk. Notably, the current student-to-teacher ratio in Navarro County is now below the national average of 14 students per teacher, possibly indicating better educational support compared to other regions.
