Newton County Real Estate and Livability Trends
Newton County, Texas showcases promising upward trends in average taxable income per tax return, climbing from about $44,514.49 in 2013 to around $53,594.06 in 2021, signaling a potentially strengthening local economy. Median home values have increased from $74,900 in 2015 to $90,100 in 2022, although at a slower rate than state and national benchmarks. The doubling of real estate taxes over the... Read more
Newton County Market Trends
Newton County, Texas, has seen its median home value rise from $74,900 in 2015 to $90,100 in 2022, suggesting more affordable but slower growth compared to the state and national averages. The sharp increase in residential energy tax credits, reaching $2,150.00 per tax return in 2021, indicates a significant interest in energy-efficient home improvements which might attract eco-conscious buyers.... Read more
Median Value of Occupied Housing Units in Newton County, Texas Over the Last 8 Years
In Newton County, Texas, the median home value has shown a modest yet steady rise over the last eight years, reaching $90,100 in 2022 from $74,900 in 2015. This increase may present a more attractive investment opportunity compared to Texas as a whole, where the median home value shot up to $238,000 in 2022. Nationally, home values have also risen sharply to $179,400 in 2022. Newton County's slower appreciation rate could imply more affordable housing options with potential for future growth, making it an appealing consideration for new buyers and investors looking for undervalued markets.
Residential Energy Tax Credit Per Tax Return in Newton County, TX Over the Last 7 Years
The trend in Newton County, Texas, shows a fluctuating but significant rise in the residential energy tax credit per tax return over the past seven years. While the average tax credit was around $300.00 in 2013, it hit $2,150.00 in 2021. This increase could be indicative of growing investments in energy-efficient home improvements. Such a trend might attract potential homebuyers and investors interested in green energy solutions, considering the possible financial incentives and savings. Real estate professionals and builders could leverage this interest by highlighting these economic benefits in their projects and listings.
Average Real Estate Taxes Per Tax Return in Newton County, TX Over the Last 10 Years
Newton County, Texas has experienced noticeable increases in real estate taxes per tax return over the past decade, reflecting a growing burden on property owners. Starting from $1,938.30 in 2012, taxes have progressively risen, hitting $4,063.64 in 2021. This steady upward trend may impact decisions for potential investors, homeowners, and real estate agents, who should consider these escalations in taxes when evaluating property values and long-term financial commitments. Insurers and appraisers may also need to adjust their assessments and premium calculations accordingly.
Percentage of Farm Returns in Newton County, TX Over the Last 10 Years
Over the last 10 years, Newton County, Texas has shown a slight but consistent increase in the percentage of farm tax returns filed, rising from 7.38% in 2012 to 9.18% in 2021. Farm tax returns, which reflect the annual income from agricultural activities, can be an indicator of the county's economic health and appeal for agricultural investments. This upward trend might suggest increasing agricultural activity, potentially making Newton County a more attractive location for those looking to invest in farm properties or relocate for agricultural opportunities.
Number of Mortgages by Occupancy Type in Newton County, TX Over the Last 5 Years in Newton County
Over the past five years in Newton County, Texas, the number of mortgages for principal residences has shown a steady increase, creating a stable housing market predominantly driven by owner-occupied properties. Investment properties, though far fewer in number, have also seen a slight uptick, suggesting a cautious but growing interest in rental or resale properties. Mortgages for second residences fluctuate more, indicating this market segment might be influenced by broader economic conditions or personal financial stability. Understanding these trends is crucial for investors gauging the viability of rental markets, appraisers assessing property values, insurance agents calculating risks, and developers or real estate agents strategizing their next moves. Changes in occupancy type signify shifts in the county's housing demands and economic health, impacting everything from property values to community planning.
Economic Outlook
Newton County, Texas, has shown an upward trend in average taxable income per tax return over the past nine years, climbing from around $44,514.49 in 2013 to approximately $53,594.06 in 2021. This suggests a strengthening local economy or higher earning potential and could be a green flag for property developers and investors. Fluctuations in average state and local income taxes, with notable spikes and drops hint at variable economic conditions. The general rise in total tax liability per tax... Read more
Average Taxable Income per Tax Return in Newton County, TX over the last 9 years
The average taxable income per tax return in Newton County, Texas has shown a general upward trajectory over the past nine years, increasing from around $44,514.49 in 2013 to approximately $53,594.06 in 2021. This steady rise could suggest a strengthening local economy or higher earning potential for residents. For prospective investors, property developers, and real estate agents, this may indicate a financially stable community with potential for growth. Insurance agents and appraisers might find these trends useful for assessing risk and property values, as higher incomes often correlate with better-maintained properties and lower claims. While fluctuations are expected, the overall trend seems positive, making Newton County potentially appealing for those considering relocation or investment in the area.
Average State and Local Income Taxes Per Tax Return in Newton County, TX Over the Last 8 Years
Over the past eight years in Newton County, Texas, the average state and local income taxes per tax return have fluctuated, suggesting variable economic conditions. Notably, there was a significant increase from $2,810.00 in 2013 to $4,166.67 in 2018, indicative of rising income levels or tax rates. However, 2016 saw a drop to $2,476.92, hinting at either tax relief measures or a temporary reduction in taxable income. These trends could interest potential investors, real estate agents, and policymakers as they reflect the area's changing financial landscape.
Average Total Tax Liability Per Tax Return in Newton County, TX Over the Last 10 Years
Over the last decade, Newton County, Texas has exhibited a fluctuating but generally increasing trend in average total tax liability per tax return. The rise from approximately $5,890.57 in 2012 to around $7,354.74 in 2021 suggests a potential growth in either personal incomes or property values. This information might be particularly interesting for investors considering the area, as increasing tax liabilities could signal economic growth. Additionally, real estate agents and appraisers might leverage this data to gauge market dynamics while insurance agents could adjust their risk assessments accordingly.
Cost of Living in Newton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,143 | $1,295 | $1,767 | $1,068 | $767 |
| 1 adult 4 children | $1,143 | $1,057 | $1,351 | $1,068 | $849 |
| 2 adults 3 children | $1,143 | $1,058 | $1,533 | $1,068 | $607 |
| 1 adult 3 children | $1,143 | $864 | $1,117 | $1,068 | $622 |
| 2 adults 2 children | $826 | $866 | $1,299 | $933 | $526 |
| 1 adult 2 children | $826 | $647 | $883 | $933 | $466 |
| 2 adults 1 child | $826 | $684 | $1,065 | $493 | $535 |
| 1 adult 1 child | $826 | $442 | $650 | $493 | $443 |
| 2 adults | $658 | $550 | $832 | $0 | $487 |
| 1 adult | $623 | $300 | $416 | $0 | $429 |
Safety trends & Data
Newton County, Texas, has seen a notable decline in property crimes over the past five years. Burglary cases dropped from 8.0 in 2019 to just 3.0 by 2022, and larceny-theft incidents reduced from 12.0 in 2018 and 2019 to 1.0 in 2022. Even motor vehicle thefts, which slightly rose to 2.0 in 2019, have diminished since. These trends may indicate a stabilizing crime environment, potentially making the area more attractive for investors, real estate professionals, and residents prioritizing... Read more
Property Crime Trends in Newton County, TX Over the Last 5 Years
Newton County, Texas, has shown a notable decline in property crimes over the past five years. The number of burglary cases peaked in 2019 at 8.0 but then consistently dropped to only 3.0 by 2022. Similarly, incidents of larceny-theft significantly reduced from 12.0 in 2018 and 2019 to just 1.0 in 2022. Even motor vehicle thefts, which saw a slight rise to 2.0 in 2019, have since diminished. These trends imply a stabilizing crime environment, which might be of interest to potential investors, real estate professionals, and residents looking for safer living conditions.
Demographics
Newton County, Texas presents an intriguing demographic landscape. The adult population skews slightly female, while educational attainment highlights a significant portion with just a high school diploma or some college but no degree. Among the age distribution, there's a notable clustering in the 45 to 64 years age range, suggesting a mature community profile. Racial diversity is modest, with a majority identifying as White, followed by a smaller yet notable African American presence. These... Read more
Race Distribution in Newton County, Texas (2022)
Educational Attainment in Newton County, Texas (2022)
Age Distribution in Newton County, Texas
Citizen Population in Newton County, Texas (2022)
Political Trends & Data
Newton County, Texas, exhibited a pronounced lean towards Republican candidates in the 2020 Presidential Election, capturing about 80% of the vote. Democrats received close to 19%, with minor parties like the Libertarian and Green parties collecting only fractions of a percent. This strong Republican alignment might influence both local and state political strategies and campaign efforts in upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Newton County, Texas, saw an overwhelming preference for Republican candidates in the 2020 U.S. Presidential Election, with approximately 80% of the vote. Democrats garnered around 19%, while minor parties like the Libertarian and Green parties secured fractions of a percent. This voting pattern suggests a strong Republican alignment in this region, which could influence local and state political strategies and campaign efforts in future elections.
80.11% of voters voted for the Republican party in the 2020 Presidential Election
19.25% of voters voted for the Democrat party in the 2020 Presidential Election
0.56% of voters voted for the Livertarian party in the 2020 Presidential Election
0.08% of voters voted for the Green party in the 2020 Presidential Election
School Data
Over the last decade, the student-to-teacher ratio in Newton County, Texas, has fluctuated, peaking at thirteen students per teacher in 2017 and dipping to around ten students per teacher recently. This consistently beats the national average of fourteen students per teacher, making the area appealing to families prioritizing personalized education and to investors targeting communities with robust education systems. This trend may indicate community stability and lower student turnover, which... Read more
Student-to-teacher ratio in Newton County, Texas over the last 10 years
Over the last decade, the student-to-teacher ratio in Newton County, Texas, has shown some fluctuations, peaking at about thirteen students per teacher in 2017 and dipping to roughly ten students per teacher in recent years. Compared to the national average of fourteen students per teacher, Newton County consistently offers smaller class sizes. This could be an attractive point for families prioritizing personalized education and for investors eyeing communities with strong education systems. Real estate agents, appraisers, and insurance agents might also see this trend as an indicator of community stability and potentially lower student turnover, impacting property values and investment opportunities.
