Nolan County Real Estate and Livability Trends
In Nolan County, Texas, average taxable income rose from $47,803.82 in 2013 to $58,458.59 in 2021, hinting at local economic growth that might boost property values. Median home values jumped from $57,200 in 2015 to $91,300 in 2022, still far below state and national averages, making the area attractive for budget-conscious buyers. Residential energy tax credits surged to $3,285.71 in 2021,... Read more
Nolan County Market Trends
Median home values in Nolan County, Texas have seen a consistent rise, from $57,200 in 2015 to $91,300 in 2022, but remain significantly below the state and national medians of $238,000 and $179,400, positioning the county as a potentially attractive option for budget-conscious buyers. The county's residential energy tax credits also spiked dramatically, reaching $3,285.71 in 2021, reflecting a... Read more
Median Value of Occupied Housing Units in Nolan County, Texas Over the Last 8 Years
Over the past eight years, median home values in Nolan County, Texas have generally increased, reaching $91,300 in 2022, which remains significantly lower than both Texas' median of $238,000 and the national figure of $179,400. This gap potentially makes Nolan County an attractive market for investors or homebuyers seeking more affordable options compared to the broader state and national markets. With notable growth from 2015's $57,200 to the current values, Nolan County may offer interesting opportunities for those looking to capitalize on upward trends without the steep entry costs seen in larger markets.
Residential Energy Tax Credit Per Tax Return in Nolan County, TX Over the Last 8 Years
Residential energy tax credits in Nolan County, Texas, have shown a significant rise over the last eight years. Starting at around $260.00 in 2013 and subtly declining until 2015, there was a noticeable jump to $328.57 in 2016 and continued moderate growth up to $350.00 in 2017. The most dramatic increases were seen in 2019 and 2020, where values spiked to $900.00 and $828.57 respectively, climaxing at $3,285.71 in 2021. This upward trend suggests a growing investment and possibly favorable policies towards energy efficiency, likely making Nolan County more attractive for environmentally conscious residents and investors.
Average Real Estate Taxes Per Tax Return in Nolan County, TX Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Nolan County, Texas have generally trended upward. In 2012, property owners reported an average tax of $3,000.00, which saw a notable increase to $5,170.59 by 2019, peaking at $5,871.43 in 2020 before slightly dipping to $5,392.86 in 2021. For potential investors, homeowners, and real estate professionals, these figures underscore a rising tax environment that could impact affordability and investment strategies in the area. Appraisers and insurance agents may want to consider these trends when evaluating property values and policy premiums. This upward trend in property taxes could reflect broader economic conditions or increased funding needs within the county.
Percentage of Farm Returns in Nolan County, TX Over the Last 10 Years
Nolan County, Texas has experienced some fluctuations in farm tax returns over the past decade, generally hovering around 6.7% to 7% with a slight decline in the most recent years. Farm tax returns, which are essentially the filings submitted by farm owners for tax purposes, can signal the economic health and productivity of agriculture in an area. For investors or potential property builders, these trends could suggest certain stability but with a hint of caution due to the recent downturn.
Number of Mortgages by Occupancy Type in Nolan County, TX Over the Last 5 Years in Nolan County
Nolan County, Texas, has seen fluctuating mortgage counts over the last five years primarily dominated by principal residence loans. The significant increase in principal residence mortgages, notably peaking in 2021, suggests a growing inclination towards homeownership or possibly a migration trend. Conversely, investment property mortgages have slightly dipped but remained relatively stable, indicating a steady interest in property investment. The minor presence of second residence mortgages highlights minimal movement in the vacation or secondary home market. These shifts in mortgage types can influence housing market stability, insurance risk assessments, and overall community growth dynamics, raising the stakes for investors, real estate agents, and other stakeholders in the area.
Economic Outlook
Nolan County, Texas, is experiencing a varied yet generally upward trend in average taxable income, increasing from $47,803.82 in 2013 to $58,458.59 in 2021. This could indicate a growing local economy, potentially boosting property values and making the area attractive to investors. Significant reductions in state and local income taxes, falling from around $4,300.00 in 2013 to approximately $1,933.33 in 2017, might also enhance property affordability. Lastly, fluctuations in total tax... Read more
Average Taxable Income per Tax Return in Nolan County, TX over the last 9 years
Nolan County, Texas has seen notable trends in average taxable income over the past nine years. Starting from $47,803.82 in 2013, the average income has generally increased, with some fluctuations, reaching a high of $58,458.59 in 2021. This steady uptrend could be attractive for real estate agents and investors considering the area's potential for growth. For appraisers and insurance agents, the rising incomes may signal an opportunity for higher property values and premiums. Those planning to build or move to Nolan County may find the region's economic environment promising, albeit with some variation in year-to-year incomes.
Average State and Local Income Taxes Per Tax Return in Nolan County, TX Over the Last 6 Years
Nolan County, Texas has seen a notable trend in the average state and local income taxes per tax return over the past six years. Starting from a high of approximately $4,300.00 in 2013, there has been a consistent decline, reaching around $1,933.33 by 2017. This reduction in tax liabilities could potentially make the county more attractive for those considering relocation or investment, as lower tax burdens often correlate with increased disposable income and improved property affordability. Additionally, this trend can be crucial for real estate agents, appraisers, and insurance agents as it influences overall market dynamics and property values in the area.
Average Total Tax Liability Per Tax Return in Nolan County, TX Over the Last 10 Years
The average total tax liability per tax return in Nolan County, Texas, has exhibited notable fluctuations over the past decade, with peaks in 2012 at $9,168.21 and dips in 2015 to $7,529.78. This variability could be indicative of changing economic conditions or shifts in the local population's income levels. This trend is crucial for investors, real estate agents, and financial planners who may need to assess the economic health and tax environment of the area. Additionally, property developers and insurance agents might find these trends useful when evaluating the financial stability and potential growth in the county.
Cost of Living in Nolan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,201 | $1,363 | $2,155 | $1,062 | $861 |
| 1 adult 4 children | $1,201 | $1,113 | $1,651 | $1,062 | $936 |
| 2 adults 3 children | $1,201 | $1,114 | $1,869 | $1,062 | $681 |
| 1 adult 3 children | $1,201 | $909 | $1,364 | $1,062 | $692 |
| 2 adults 2 children | $845 | $912 | $1,582 | $928 | $567 |
| 1 adult 2 children | $845 | $681 | $1,078 | $928 | $492 |
| 2 adults 1 child | $845 | $721 | $1,295 | $495 | $567 |
| 1 adult 1 child | $845 | $465 | $791 | $495 | $456 |
| 2 adults | $642 | $579 | $1,009 | $0 | $500 |
| 1 adult | $637 | $316 | $504 | $0 | $436 |
Safety trends & Data
Nolan County, Texas displays a fluctuating pattern in property crimes over the past five years. Notably, 2018 and 2021 saw spikes in larceny-theft with 15.0 and 14.0 reported cases, respectively. Burglary peaked in 2019 with 13.0 incidents but dropped significantly to 3.0 in 2020, while motor vehicle theft stayed low at a maximum of 3.0 cases annually. Intriguingly, arson cases appeared in 2021 and have remained steady at 2.0 per year. Such data holds essential insights for investors,... Read more
Property Crime Trends in Nolan County, TX Over the Last 5 Years
Nolan County, Texas has shown a fluctuating pattern in property crimes over the past five years. The years 2018 and 2021 had particularly noticeable spikes in larceny-theft, with 15.0 and 14.0 reported cases, respectively. Burglary incidents also varied, peaking in 2019 with 13.0 cases but dropped significantly to 3.0 in 2020. Motor vehicle theft remained relatively low with a maximum of 3.0 cases in any given year. Arson appeared for the first time in 2021 and remained steady with 2.0 cases each year after. This data is valuable for investors, appraisers, and real estate agents as it highlights areas of concern and trends that could impact property values and insurance premiums.
Demographics
Nolan County, Texas shows a nearly balanced gender distribution among adults, with a slight majority of females. Educational attainment reveals a strong leaning towards high school graduates and those with some college education but no degree. The age distribution indicates a notable proportion of the population under 10 and a steady number of residents in older age brackets, suggesting a balanced mix of young and older residents. Racially, the county is predominantly White, but with meaningful... Read more
Race Distribution in Nolan County, Texas (2022)
Educational Attainment in Nolan County, Texas (2022)
Age Distribution in Nolan County, Texas
Citizen Population in Nolan County, Texas (2022)
Political Trends & Data
Nolan County, Texas, showed a notable Republican dominance in the 2020 U.S. Presidential Election, potentially capturing over 75% of the vote. The Democratic share, by contrast, hovered around 20%, while Libertarian, Green, and other minor parties barely surpassed 1%. This strong conservative preference could suggest ongoing political trends and future strategies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Nolan County, Texas, displayed a markedly strong inclination towards the Republican party in the 2020 U.S. Presidential Election, with over three-quarters of the vote potentially leaning in their favor. This predominance dwarfed the Democratic share, which hovered around one-fifth. The Libertarian and Green parties, along with other minor parties, seemingly made negligible impacts, collectively barely cresting above one percent. This significant tilt could indicate a deep-seated conservative preference within the county, which might influence local and future political strategies.
77.11% of voters voted for the Republican party in the 2020 Presidential Election
21.69% of voters voted for the Democrat party in the 2020 Presidential Election
0.99% 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
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Nolan County, Texas has seen highs of nearly 17 in 2018 but has recently decreased to about 13. Given the national average of 14 students per teacher, these recent figures are favorable and could boost the area's desirability for families, affecting property values positively. Investors, real estate agents, and appraisers might find these trends useful for understanding market dynamics and community growth, impacting everything from pricing... Read more
Student-to-teacher ratio in Nolan County, Texas over the last 10 years
Over the past decade, the student-to-teacher ratio in Nolan County, Texas has experienced fluctuations, peaking at nearly 17 in 2018 and dipping to about 13 recently in 2022 and 2023. Compared to the national average of 14 students per teacher, Nolan County's ratios have occasionally exceeded this benchmark, but recent figures indicate a more favorable student-to-teacher ratio. This is crucial for investors and families considering relocation, as lower ratios typically suggest more individualized attention for students, potentially leading to better educational outcomes. For real estate agents and those in the property market, these trends can affect the desirability of the area, straightforwardly impacting property values and market dynamics. Appraisers and insurance agents might also find these numbers useful for assessing community growth and risk factors accurately.
