Palo Pinto County Real Estate and Livability Trends
Palo Pinto County, Texas has seen median home values skyrocket from $82,800 in 2015 to $151,500 in 2022, suggesting potentially lucrative real estate investment opportunities. Rising energy tax credits per tax return, peaking at $1,666.67 in 2021, reflect growing interest in energy-efficient homes, appealing to eco-conscious buyers. Real estate taxes also surged from $3,964.67 in 2012 to... Read more
Palo Pinto County Market Trends
Palo Pinto County, Texas, has experienced a remarkable rise in median home values, jumping from $82,800 in 2015 to $151,500 in 2022. This type of growth is eye-catching compared to the national and state increases, suggesting potentially lucrative real estate investments. Additionally, the average residential energy tax credit per tax return has seen significant growth, peaking at $1,666.67 in... Read more
Median Value of Occupied Housing Units in Palo Pinto County, Texas Over the Last 8 Years
Palo Pinto County, Texas, has seen a significant upward trend in median home values over the last eight years, rising from $82,800 in 2015 to $151,500 in 2022. This growth might be considered notable compared to the national increase from $125,500 to $179,400 and Texas' own rise from $136,000 to $238,000 in the same period. For those contemplating investing, moving, or building in Palo Pinto County, this suggests a robust appreciation in property values that potentially offers good returns on investment.
Residential Energy Tax Credit Per Tax Return in Palo Pinto County, TX Over the Last 8 Years
Over the past eight years, residents in Palo Pinto County, Texas, have seen a notable increase in the average residential energy tax credit per tax return. Starting at roughly $357.14 in 2013, the tax credit has fluctuated, peaking significantly at $1,666.67 in 2021. This upward trend could imply growing investments in energy-efficient home improvements, making it a potentially appealing area for green energy companies and environmentally conscious buyers. Real estate agents might find this trend useful to highlight the increasing value and potential energy savings of properties in this county.
Average Real Estate Taxes Per Tax Return in Palo Pinto County, TX Over the Last 10 Years
Over the past decade, Palo Pinto County, Texas has seen a steady increase in average real estate taxes per tax return, starting at $3964.67 in 2012 and reaching $8195.74 in 2021. Notable jumps occurred post-2015, with significant increases seen in 2018 and 2019, indicating rising property values or tax rates. This trend is relevant for potential investors, home buyers, and real estate agents, as it may affect property affordability and financial planning. Additionally, appraisers and insurance agents should consider these escalating tax amounts when evaluating property costs and premiums.
Percentage of Farm Returns in Palo Pinto County, TX Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Palo Pinto County, Texas ranged from approximately 6.78% to 7.73%. This slight yet consistent decline suggests there may be changes in the agricultural sector or shifts in land use. Farm tax returns represent filings where farming income is reported, giving insights into the economic activities tied to agriculture. This may matter for investors, potential residents, or property developers as it reflects the economic health and viability of farming within the county. The slow decrease could signal challenges or a transition towards alternative land uses.
Number of Mortgages by Occupancy Type in Palo Pinto County, TX Over the Last 5 Years in Palo Pinto County
Over the past five years in Palo Pinto County, Texas, the number of mortgages for principal residences has consistently been the highest, peaking at 1,405 in 2021. Investment properties and second residences have shown more modest numbers, with investment properties growing from 77 in 2018 to 150 in 2022. Shifts in occupancy types can indicate changing market dynamics and preferences, which are crucial for potential investors looking for the stability of primary residences or those targeting higher returns from investments. For appraisers and insurance agents, understanding these trends aids in more accurate property evaluations and risk assessments. Real estate agents and developers might find opportunities in the rising interest in investment properties, reflecting a possible increase in rental market demands.
Economic Outlook
The average taxable income per tax return in Palo Pinto County, Texas shows a general upward trend from $50,965.02 in 2013 to about $68,489.71 by 2021, signaling a potentially strengthening local economy possibly driven by better job opportunities and higher wages. Meanwhile, state and local income taxes have fluctuated, peaking at $9,975.00 in 2019 and settling at $7,875.00 in 2021, which highlights economic shifts or tax policy changes that could influence financial decisions. The total tax... Read more
Average Taxable Income per Tax Return in Palo Pinto County, TX over the last 9 years
The average taxable income per tax return in Palo Pinto County, Texas, has generally demonstrated an upward trend over the past nine years, despite some fluctuations. Starting at around $50,965.02 in 2013, it dipped slightly in subsequent years but began a more consistent increase after 2016, reaching approximately $68,489.71 by 2021. This gradual rise suggests a strengthening local economy, potentially driven by better job opportunities and higher wages, making it an appealing prospect for investors, real estate agents, and those considering relocation.
Average State and Local Income Taxes Per Tax Return in Palo Pinto County, TX Over the Last 10 Years
In the past decade, Palo Pinto County in Texas has seen significant fluctuations in average state and local income taxes per tax return. Notably, tax values reached a peak at $9,975.00 in 2019, with a return to higher figures in 2021 at $7,875.00. The data implies variability, reflecting economic shifts or changes in tax policy. These insights are crucial for potential investors, homeowners, and professionals such as real estate agents and appraisers, who need to understand the financial landscape and potential tax burden in the county.
Average Total Tax Liability Per Tax Return in Palo Pinto County, TX Over the Last 10 Years
In the last decade, Palo Pinto County, Texas has seen fluctuating trends in its average total tax liability per tax return, peaking at $12,032.55 in 2021. Investors and those considering moving to the area should note occasional significant increases, such as the rise from $9,036.73 in 2012 to $10,517.56 in 2014 and further to over $12,000 in recent years. This variability might influence financial planning, insurance assessments, and property appraisals, offering both opportunities and risks for stakeholders navigating the local real estate and economic landscape.
Cost of Living in Palo Pinto County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,199 | $1,267 | $1,886 | $1,570 | $900 |
| 1 adult 4 children | $1,199 | $1,035 | $1,443 | $1,570 | $1,016 |
| 2 adults 3 children | $1,199 | $1,035 | $1,636 | $1,570 | $734 |
| 1 adult 3 children | $1,199 | $845 | $1,193 | $1,570 | $788 |
| 2 adults 2 children | $916 | $847 | $1,386 | $1,371 | $627 |
| 1 adult 2 children | $916 | $633 | $943 | $1,371 | $590 |
| 2 adults 1 child | $916 | $670 | $1,136 | $724 | $592 |
| 1 adult 1 child | $916 | $432 | $693 | $724 | $499 |
| 2 adults | $696 | $538 | $886 | $0 | $484 |
| 1 adult | $636 | $293 | $443 | $0 | $420 |
Safety trends & Data
Property crime in Palo Pinto County, Texas has experienced significant changes over the last five years, painting a complex picture for potential investors and movers. Larceny-theft dropped from 47.0 instances in 2018 to 19.0 in 2021 but rose slightly to 24.0 in 2022. Burglary cases followed a similar downward trend, stabilizing at around 9.0 incidents in 2020 and 2021, only to climb to 11.0 in 2022. Arson, while relatively rare, has increased from 1.0 in 2018 to 3.0 in 2022. Vandalism saw a... Read more
Property Crime Trends in Palo Pinto County, TX Over the Last 5 Years
Property crime trends in Palo Pinto County, Texas show a marked fluctuation over the last five years. Notably, larceny-theft saw a significant decrease from 47.0 instances in 2018 to a low of 19.0 in 2021, before slightly rebounding to 24.0 in 2022. Burglary incidents have also shown a downward trend, declining from 20.0 in 2018 to a consistent 9.0 cases in 2020 and 2021, with a slight increase to 11.0 in 2022. Interestingly, arson incidents are relatively low but have increased from 1.0 in 2018 to 3.0 in 2022. Vandalism peaked at 14.0 counts in 2021, up from just 2.0 in 2020. This dynamic environment could suggest emerging opportunities and risks, making it essential for potential investors, movers, and real estate professionals to stay informed.
Demographics
Palo Pinto County, Texas reveals a slightly higher female adult population compared to males. The majority have completed high school, with relatively few holding graduate or professional degrees. The age distribution is diverse, with notable numbers in both younger and older cohorts, hinting at multi-generational communities. Racially, the population is predominantly White, with smaller representations of other racial groups, which could suggest limited racial... Read more
Race Distribution in Palo Pinto County, Texas (2022)
Educational Attainment in Palo Pinto County, Texas (2022)
Age Distribution in Palo Pinto County, Texas
Citizen Population in Palo Pinto County, Texas (2022)
Political Trends & Data
Palo Pinto County, Texas, showed a significant Republican leaning in the 2020 U.S. Presidential Election, with over 81.00% of the vote seemingly favoring the GOP. Democratic support was substantially lower at around 17.00%, and minor parties like the Libertarians and Greens had about 0.80% and 0.20% respectively. This heavy tilt towards conservative candidates might indicate dominant conservative values in the area, which could influence various local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Palo Pinto County in Texas exhibited a strong Republican inclination in the 2020 U.S. Presidential Election, with over 81% of the vote likely going to the GOP. The county's Democratic support appeared to be minimal, roughly around 17%, while Libertarian and Green parties garnered approximately 0.8% and 0.2%, respectively, suggesting a limited presence. These voting patterns might reflect broader conservative tendencies in the region, offering insight into the local political climate.
81.50% of voters voted for the Republican party in the 2020 Presidential Election
17.44% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
0.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
Palo Pinto County, Texas, has seen its student-to-teacher ratio hover between 11 and 14 students per teacher over the past decade, which consistently remains below the national average. This trend could appeal to families prioritizing quality education, potentially driving interest from homebuyers and investors. Lower student-to-teacher ratios might enhance property values and signify robust community support for education, influencing appraisals and insurance... Read more
Student-to-teacher ratio in Palo Pinto County, Texas over the last 10 years
Over the past decade, the student-to-teacher ratio in Palo Pinto County, Texas, has fluctuated between 11 and 14 students per teacher. This consistently positions the county below the national average of 14 students per teacher, suggesting more personalized attention for students. Such ratios can be attractive to families seeking quality education, investors focused on community growth, and real estate agents targeting potential homebuyers interested in education standards. Lower student-to-teacher ratios might also bolster property values, appeal to insurance agents assessing risk, and influence appraisals by signaling strong community support for education.
