Oldham County Real Estate and Livability Trends
Oldham County, Texas, has observed a notable increase in median home values, rising from $81,100 in 2016 to $125,000 by 2022. Despite this growth, these values remain significantly lower than the Texas state median of $238,000 and the national median of $179,400 in 2022, potentially presenting an attractive opportunity for those seeking affordable housing. Additionally, the county's real estate... Read more
Oldham County Market Trends
Oldham County, Texas, has experienced quite a ride in median home values, ranging from $81,100 in 2016 to $125,000 by 2022. This figure is notably lower than Texas's state median of $238,000 and the national median of $179,400 in 2022, indicating a potentially attractive market for those seeking more affordable homes. The county has also seen its average real estate taxes almost double from... Read more
Median Value of Occupied Housing Units in Oldham County, Texas Over the Last 8 Years
Oldham County, Texas has seen its median home values vary significantly over the last eight years. Although figures dipped to $81,100 in 2016, they surged to $125,000 by 2022. Compared to the Texas state median value, which peaked at $238,000 in 2022, Oldham County offers more affordable options. Nationally, the median home value in 2022 reached $179,400, putting Oldham County below both state and national levels. These trends could suggest that Oldham County might attract those looking for more budget-friendly housing options in Texas.
Average Real Estate Taxes Per Tax Return in Oldham County, TX Over the Last 10 Years
Oldham County, Texas, has seen a pronounced increase in average real estate taxes over the past decade, with values nearly doubling from $2,728.57 in 2012 to $5,133.33 in 2021. This trend could potentially impact the affordability of long-term homeownership and investment opportunities in the area, signaling rising property valuations and potential shifts in economic conditions. For real estate agents, appraisers, and insurance agents, this upward trajectory in tax obligations suggests a progressively more valuable and possibly competitive market.
Percentage of Farm Returns in Oldham County, TX Over the Last 10 Years
Farm tax returns in Oldham County, Texas have hovered between 13.19% and 17.74% over the past decade. This indicates some level of stability in agricultural activity, which could suggest that farming is a consistent and potentially reliable investment. The slight upward trend in recent years might appeal to investors considering land or agricultural ventures. Despite occasional fluctuations, the overall steadiness could signal a resilient local farming economy, potentially reassuring for both prospective residents and business investors interested in rural development.
Number of Mortgages by Occupancy Type in Oldham County, TX Over the Last 5 Years in Oldham County
In Oldham County, Texas, the number of mortgages over the last five years has predominantly been for principal residences, with noticeable peaks in 2020 and 2021. Investment properties saw a decline, especially by 2022. This shift is crucial for investors, as lower investment property mortgages could indicate diminishing opportunities or changing market dynamics. Appraisers and insurance agents should also consider these trends, as the predominance of principal residences might influence property values and insurance risks differently compared to investment-heavy regions. Real estate agents and developers might want to focus on attracting residents rather than investors, based on these patterns.
Economic Outlook
Oldham County, Texas has seen an upward trend in average taxable income per tax return, peaking at $72,482.61 in 2021, with occasional dips like the one in 2016 to $49,930.85, signaling a potentially thriving local economy. Average total tax liability per return has also fluctuated, reaching a high of $10,174.03 in 2021 after a low of $6,987.50 in 2016. These factors may suggest a stronger economic outlook and growing household incomes, making it crucial data for real estate investors,... Read more
Average Taxable Income per Tax Return in Oldham County, TX over the last 9 years
The average taxable income per tax return in Oldham County, Texas has shown a general upward trend over the past nine years, peaking at $72,482.61 in 2021. Despite a few fluctuations, such as the dip to $49,930.85 in 2016, the overall increase suggests an improving economic landscape. For potential investors, this trend may indicate a growing local economy and rising household incomes, which could translate into a more robust market for property and services. Those in real estate, appraisals, and insurance could find this data particularly relevant for assessing market potential and risk.
Average Total Tax Liability Per Tax Return in Oldham County, TX Over the Last 10 Years
Over the past decade, Oldham County, Texas has experienced fluctuation in average total tax liability per tax return, peaking notably in 2021 at $10,174.03. Despite a dip in 2016 to $6,987.50, recent years saw higher liabilities with a general upward trend. This could indicate growing incomes or shifts in tax policies, making it an intriguing point for potential investors and real estate professionals analyzing financial burdens and opportunities in the area. The dynamic tax landscape could also be a pivotal consideration for insurance agents and appraisers assessing risk and asset values.
Cost of Living in Oldham County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,198 | $1,440 | $1,985 | $1,341 | $994 |
| 1 adult 4 children | $1,198 | $1,176 | $1,518 | $1,341 | $1,118 |
| 2 adults 3 children | $1,198 | $1,176 | $1,722 | $1,341 | $808 |
| 1 adult 3 children | $1,198 | $960 | $1,255 | $1,341 | $895 |
| 2 adults 2 children | $984 | $963 | $1,459 | $1,161 | $713 |
| 1 adult 2 children | $984 | $719 | $993 | $1,161 | $690 |
| 2 adults 1 child | $984 | $761 | $1,196 | $577 | $678 |
| 1 adult 1 child | $984 | $492 | $730 | $577 | $557 |
| 2 adults | $788 | $611 | $933 | $0 | $579 |
| 1 adult | $678 | $333 | $467 | $0 | $484 |
Safety trends & Data
In Oldham County, Texas, property crime trends have seen some fluctuations over the past few years. Motor vehicle thefts spiked in 2018 with three incidents, but no such crimes were reported in the subsequent years. Burglary cases peaked at three in 2019 and slightly dropped to two in 2020, while forgery and counterfeiting appeared only once in 2019. These shifts might indicate changing law enforcement priorities and could be significant for anyone considering real estate investments,... Read more
Property Crime Trends in Oldham County, TX Over the Last 3 Years
Oldham County, Texas has seen fluctuations in property crime over the past three years, marked by a notable occurrence of motor vehicle thefts hitting three in 2018 but subsequently dropping out of the statistics in the following years. Burglary incidents peaked in 2019 with three cases and slightly decreased to two in 2020. Interestingly, forgery and counterfeiting emerged only in 2019 with a single incident. These trends may suggest varying focuses for law enforcement and community safety measures, presenting potential considerations for those evaluating the area's crime dynamics in regard to investments, relocations, and property developments.
Demographics
Oldham County, Texas has a slightly larger male population than female, indicative of its community structure. In terms of education, a significant portion of residents hold at least a high school diploma, with a notable amount possessing bachelor's or higher degrees, suggesting a well-educated populace. The age distribution is varied, with a substantial number of younger residents, particularly in the 15 to 19 age group, which may influence future workforce trends. Racially, the county is... Read more
Race Distribution in Oldham County, Texas (2022)
Educational Attainment in Oldham County, Texas (2022)
Age Distribution in Oldham County, Texas
Citizen Population in Oldham County, Texas (2022)
Political Trends & Data
Oldham County, Texas appeared to show a highly skewed political leaning, with nearly 91% of the votes cast for the Republican party. Meanwhile, Democratic support was barely present, at just about 8%, and both Libertarian and Green parties struggled to even make a fraction of an impact, each getting less than 1% of the votes. This indicates a significant Republican dominance in the region, with very limited political diversity or... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Oldham County, Texas showed an overwhelming preference for the Republican party, with nearly 91% of the votes. Democratic support was notably low, barely reaching 8%, while Libertarian and Green party votes were minimal, each securing less than 1%. This suggests a strong Republican stronghold with very limited political diversity in voter preference.
90.88% of voters voted for the Republican party in the 2020 Presidential Election
8.03% 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
0.10% of voters voted for the Green party in the 2020 Presidential Election
School Data
Oldham County, Texas boasts a low student-to-teacher ratio, averaging around 7:1 for the past decade, compared to the national average of 14:1. This lower ratio suggests a more personalized educational experience, which could translate to higher property values and increased community satisfaction. Real estate professionals might leverage this as a key selling point, while insurance agents could view it as indicative of community stability and... Read more
Student-to-teacher ratio in Oldham County, Texas over the last 10 years
Oldham County, Texas has consistently maintained a low student-to-teacher ratio, averaging around seven students per teacher over the past decade. This is significantly below the national average of fourteen students per teacher, suggesting a more personalized educational experience. For those considering investment or relocation, this could imply a higher quality of education and potentially contribute to higher property values and community satisfaction. Real estate agents, appraisers, and builders might find this an attractive selling point, while insurance agents may note it as a factor influencing community stability and desirability.
