Panola County Real Estate and Livability Trends
Panola County, Texas, has experienced notable economic volatility, with average taxable income peaking at $69,893.75 in 2021 and dipping to $52,441.27 in 2016, suggesting economic shifts possibly tied to local industry changes. A consistent increase in median home values from $91,800 in 2015 to $139,400 in 2022 indicates a more affordable housing market compared to state and national levels. The... Read more
Panola County Market Trends
Panola County, Texas has experienced a notable yet moderate rise in median home values from $91,800 in 2015 to $139,400 in 2022, which is considerably lower than the state and national increases, suggesting more affordable housing options. A Spike in residential energy tax credits peaking at $2,100.00 per tax return in 2018 reflects a growing embrace of energy-efficient solutions. The consistent... Read more
Median Value of Occupied Housing Units in Panola County, Texas Over the Last 8 Years
Over the past eight years, the median home values in Panola County, Texas have increased from $91,800 in 2015 to $139,400 in 2022. Although this growth is significant, it is lower compared to the state of Texas, where home values surged from $136,000 in 2015 to $238,000 in 2022. Nationally, the increase was from $125,500 to $179,400. This indicates that Panola County may still offer more affordable housing options, appealing to potential buyers and investors looking for lower entry points than the state and national averages.
Residential Energy Tax Credit Per Tax Return in Panola County, TX Over the Last 9 Years
Residential energy tax credits in Panola County, Texas, have shown a steady upward trend over the last nine years, peaking in 2018 at approximately $2,100.00 per tax return. This rise suggests a growing adoption of energy-efficient solutions among homeowners. For those considering investment or development in the area, this trend might indicate an increasing preference for energy-saving technologies, making properties potentially more attractive to environmentally conscious buyers. Real estate agents, appraisers, and insurance agents could benefit from noting this shift to better cater to client needs and market demands.
Average Real Estate Taxes Per Tax Return in Panola County, TX Over the Last 10 Years
Real estate tax rates in Panola County, Texas have gradually increased over the past decade, with a notable jump between 2017 and 2018 and continuing to climb through 2021. In 2012, the average real estate taxes per tax return were approximately $2,463.19, but by 2021 that figure had risen to around $4,339.47. This consistent upward trend might be a consideration for potential investors, property developers, and current homeowners, signaling a rise in property valuations and potentially increased municipal services or infrastructure investments.
Percentage of Farm Returns in Panola County, TX Over the Last 10 Years
Over the last decade, Panola County, Texas has seen farm tax returns fluctuate slightly but consistently around 9.24% to 10.48%. While these minor variations might not seem groundbreaking, they highlight a relatively stable agricultural economy, which may be crucial for potential investors eyeing long-term stability. For those considering moving to, building properties in, or simply interested in Panola County, this consistency in farm tax returns could signal a resilient farming community, which often plays a vital role in maintaining local economic health and land values.
Number of Mortgages by Occupancy Type in Panola County, TX Over the Last 5 Years in Panola County
Panola County, Texas shows a predominant focus on principal residences in the mortgage landscape over the last five years, indicating a stable demand for primary homes. Between 2018 and 2022, there has been a general upward trend in mortgages for principal residences, peaking in 2021 with 885 recorded instances. Investment properties and second residences have consistently lagged behind, although there was a noticeable increase in investment property mortgages from 17 in 2018 to 38 in 2022. This shift suggests a cautiously growing interest in investment opportunities, possibly tied to broader economic conditions or local market activity. Understanding these trends can be crucial for investors, real estate agents, insurance agents, and appraisers as they reveal shifts in market preferences and inform future property developments and valuations in the area.
Economic Outlook
Panola County, Texas, has seen significant fluctuations in average taxable income per tax return, peaking at around $69,893.75 in 2021 and dipping to a low of about $52,441.27 in 2016. These income variations suggest potential economic shifts or local industry changes influencing the market. Additionally, there have been notable spikes in average state and local income taxes, reaching a high of $9,533.33 in 2020 before dropping to approximately $5,083.33 in 2021. Such volatility might impact... Read more
Average Taxable Income per Tax Return in Panola County, TX over the last 9 years
Panola County, Texas has experienced fluctuations in average taxable income per tax return over the past nine years, with notable peaks and valleys. The highest average taxable income was observed in 2021 at approximately $69,893.75, whereas 2016 saw a low point with an average around $52,441.27. Although there were periods of decline, years like 2014 and 2018 demonstrated substantial increases, suggesting potential factors like economic shifts or local industry changes influencing these patterns. This trend is particularly relevant for potential investors, real estate agents, and those considering moving to the area, as it highlights a dynamic economic environment that could impact property values and investment returns.
Average State and Local Income Taxes Per Tax Return in Panola County, TX Over the Last 10 Years
Panola County, Texas has experienced notable fluctuations in average state and local income taxes per tax return over the last decade. From a reasonably steady range around $3,500.00 to $4,000.00 between 2012 and 2018, there was a significant spike to $6,800.00 in 2019 and an even greater increase to $9,533.33 in 2020. Although the average dropped to about $5,083.33 in 2021, the pattern suggests tax volatility. This could impact financial planning for individuals and businesses while informing real estate and insurance considerations in the region.
Average Total Tax Liability Per Tax Return in Panola County, TX Over the Last 10 Years
Panola County in Texas has seen some interesting fluctuations in average total tax liability per tax return over the past decade. There was a notable peak in 2014, where the average jumped to $14,267.74, which contrasts sharply with other years. Post-2014, the values generally trended lower, hitting a decade low of $8,097.01 in 2020 before slightly rising to $10,203.63 in 2021. These trends could inform investors, real estate agents, and insurance agents about the area's economic ebbs and flows and possibly signal changing financial landscapes that might impact property appraisals or investment decisions.
Cost of Living in Panola County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,052 | $1,255 | $1,673 | $1,146 | $705 |
| 1 adult 4 children | $1,052 | $1,025 | $1,279 | $1,146 | $780 |
| 2 adults 3 children | $1,052 | $1,025 | $1,452 | $1,146 | $564 |
| 1 adult 3 children | $1,052 | $837 | $1,058 | $1,146 | $587 |
| 2 adults 2 children | $864 | $839 | $1,231 | $999 | $539 |
| 1 adult 2 children | $864 | $627 | $837 | $999 | $471 |
| 2 adults 1 child | $864 | $663 | $1,010 | $522 | $530 |
| 1 adult 1 child | $864 | $428 | $616 | $522 | $446 |
| 2 adults | $656 | $533 | $789 | $0 | $472 |
| 1 adult | $651 | $291 | $395 | $0 | $428 |
Safety trends & Data
Property crime in Panola County, Texas, has generally trended downward over the past five years. Burglary incidents dropped from a high of 36 in 2019 to just 5 by 2022. Larceny-theft, the most common crime in 2020 with 51 cases, saw a steep decline to 10 by 2022. Motor vehicle theft remained low and stable, while fraud and forgery decreased notably, suggesting fewer financial crimes. Vandalism fluctuated but stayed relatively low, which might indicate stable property damage issues. These trends... Read more
Property Crime Trends in Panola County, TX Over the Last 5 Years
Property crime in Panola County, Texas has shown notable trends over the past five years. Burglary incidents peaked in 2019 with 36 instances but have seen a steady decline to just 5 by 2022. Larceny-theft was the most prevalent crime in 2020 with 51 cases but dropped significantly to 10 by 2022. Motor vehicle theft remained relatively stable but low throughout the period. Fraud and forgery also saw a marked decrease, highlighting a potential reduction in financial crimes. Vandalism, while fluctuating, generally remained low, indicating relatively stable property damage issues. These trends could be appealing for new residents and investors by suggesting a general improvement in property security.
Demographics
Panola County, Texas presents intriguing trends with a nearly equal gender split and a slight female majority. Education levels are varied, with a notable segment holding high school diplomas and some college experience. Age distribution shows a balanced mix, but there's a slight emphasis on those aged 55 to 64 years, indicating a potentially aging population. The racial composition is predominantly white, with modest representation from Black or African American and minimal Asian and other... Read more
Race Distribution in Panola County, Texas (2022)
Educational Attainment in Panola County, Texas (2022)
Age Distribution in Panola County, Texas
Citizen Population in Panola County, Texas (2022)
Political Trends & Data
Panola County in Texas showed strong Republican dominance in the 2020 U.S. Presidential Election, with potentially over 81% of the vote going to the GOP. The Democratic presence was significantly lower at around 18%, and Libertarians were likely minor players at just under 0.5%. The Green Party had minimal impact, possibly accounting for less than 0.1%. This considerable lead for Republicans might reflect broader political leanings in the area and hint at regional electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Panola County in Texas showed a pronounced Republican dominance in the 2020 U.S. Presidential Election, with the GOP potentially capturing over 81% of the vote. The Democratic presence seemed significantly lower at roughly 18%, and Libertarians were likely a minor player at just under 0.5%. The Green Party had minimal representation, possibly accounting for less than 0.1%. This considerable lead for Republicans might reflect the county’s broader political leanings and could be indicative of regional electoral trends.
81.44% of voters voted for the Republican party in the 2020 Presidential Election
17.96% of voters voted for the Democrat party in the 2020 Presidential Election
0.50% 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
Panola County, Texas has seen its student-to-teacher ratio range from 12 in 2017 to over 20 in 2019, recently settling at about 14 in 2023. These shifts are important for investors and home buyers because lower ratios often suggest better educational environments, potentially driving up property values. For appraisers and insurance agents, knowing these trends helps assess community demographics and risks. Local builders and residents can gain insights into school capacity and resource... Read more
Student-to-teacher ratio in Panola County, Texas over the last 10 years
Panola County, Texas has seen fluctuations in its student-to-teacher ratio over the last decade, ranging from a low of 12 students per teacher in 2017 to a high of over 20 in 2019. Recently, the ratio has gradually decreased to approximately 14 in 2023, aligning closer to the national average. These shifts are significant for potential investors, home buyers, and real estate agents, as lower student-to-teacher ratios often indicate better educational environments, which can boost property values. For appraisers and insurance agents, understanding these trends helps assess community demographics and potential risks. For builders and locals, the fluctuating ratios provide insight into local school capacity and resource allocation.
