Parker County Real Estate and Livability Trends
Parker County, Texas has seen median home values soar from $161,800 in 2015 to $311,000 in 2022, outpacing state and national trends. This could indicate rising property valuations, which is further supported by the doubling of real estate taxes over the past decade. Farm tax returns have decreased, suggesting increasing urbanization. Fluctuating poverty rates with a recent lower rate of 6.1%... Read more
Parker County Market Trends
Parker County, Texas has witnessed remarkable growth in median home values, soaring from $161,800 in 2015 to $311,000 in 2022, outpacing both state and national trends. Residential energy tax credits in the area have experienced significant variability, peaking in 2018 and 2021, possibly indicating an increased investment in energy-efficient upgrades. Real estate taxes have also climbed steadily,... Read more
Median Value of Occupied Housing Units in Parker County, Texas Over the Last 8 Years
Parker County, Texas has seen its median home values climb from $161,800 in 2015 to $311,000 in 2022, a striking rise compared to both state and national trends. During the same period, Texas moved from $136,000 to $238,000, while the national average increased from $125,500 to $179,400. This suggests Parker County's housing market may be particularly lucrative for investors, as it outpaces both state and national growth rates. Those considering moving or building in Parker County could be facing higher costs but potentially greater equity gains over time.
Residential Energy Tax Credit Per Tax Return in Parker County, TX Over the Last 9 Years
The residential energy tax credits in Parker County, Texas have shown significant fluctuations over the past nine years, with notable spikes in 2017 ($1,000.00), 2018 ($3,160.00), and 2021 ($2,640.16). This variability could suggest a growing investment in energy-efficient home improvements, making the area potentially attractive for eco-conscious buyers and investors. These trends may also be relevant for appraisers, insurance agents, and real estate professionals who need to account for the added value of energy efficiency in property assessments and market evaluations.
Average Real Estate Taxes Per Tax Return in Parker County, TX Over the Last 10 Years
Real estate taxes per tax return in Parker County, Texas have gradually increased over the past decade, climbing from approximately $4769.51 in 2012 to about $8496.31 in 2021. This consistent rise suggests a trend towards higher property valuations, likely reflecting economic growth and increased demand for housing in the area. Investors, appraisers, and real estate agents might find this data indicative of a strengthening market, while potential homeowners should be prepared for escalating tax implications.
Percentage of Farm Returns in Parker County, TX Over the Last 10 Years
Parker County, Texas has seen a gradual decline in the percentage of farm tax returns over the last decade, dropping from approximately 6.59% in 2012 to about 5.01% in 2021. Farm tax returns reflect the number of filings identifying as agricultural operations, which could suggest a shift in the county's economic focus or land use patterns. For potential investors, homebuilders, or those interested in local demographics, this trend might indicate increasing urbanization or a transition towards other forms of commerce and industry.
Number of Mortgages by Occupancy Type in Parker County, TX Over the Last 5 Years in Parker County
Over the last five years in Parker County, Texas, there's been a notable fluctuation in mortgage counts based on occupancy types. The number of mortgages for principal residences has seen some ups and downs, peaking in 2021. Investment properties and second residences have remained a smaller but steady portion of the market. These trends can signal shifts in the area's housing demand and investment climate, which might matter to various stakeholders. Investors might find lead indicators in these patterns as shifts in investment property mortgages could predict changes in rental market dynamics. For real estate agents and builders, understanding the dominant presence of principal residence mortgages helps tailor services and marketing efforts. Meanwhile, insurance agents and appraisers might need to adjust their strategies to account for the changing risk profiles and values associated with different occupancy types.
Economic Outlook
Parker County, Texas has witnessed a notable increase in average taxable income per tax return, climbing from $74,396.43 in 2013 to $106,689.76 in 2021, possibly indicating growing economic stability and prosperity. Meanwhile, average state and local income taxes have shown significant volatility, reaching highs like $12,443.28 in 2021, reflecting potential economic shifts or policy changes. Additionally, the average total tax liability per tax return has risen from $13,663.10 in 2012 to about... Read more
Average Taxable Income per Tax Return in Parker County, TX over the last 9 years
Over the last nine years, Parker County, Texas has seen a noticeable rise in average taxable income per tax return, jumping from $74,396.43 in 2013 to $106,689.76 in 2021. This upward trend, especially the significant increase in recent years, might suggest growing economic stability and prosperity in the area. Potential investors, property developers, and real estate agents could view this as a sign of positive economic health, indicating a potentially lucrative environment for property investments and new business opportunities. It might also influence appraisers and insurance agents to reassess property values and risk profiles respectively.
Average State and Local Income Taxes Per Tax Return in Parker County, TX Over the Last 10 Years
Parker County, Texas has experienced significant volatility in average state and local income taxes per tax return over the last decade. Notable peaks include $11,961.76 in 2014 and $12,443.28 in 2021, suggesting episodic increases potentially tied to economic changes or policy shifts. For prospective investors or those considering relocation, understanding these fluctuations can offer insights into broader economic conditions and fiscal policy impacts within the county. Generally, the variations highlight the importance of considering tax implications in financial planning and decision-making for both residents and businesses.
Average Total Tax Liability Per Tax Return in Parker County, TX Over the Last 10 Years
In Parker County, Texas, over the last decade, the average total tax liability per tax return has generally trended upward. Starting at approximately $13,663.10 in 2012, it saw significant rises and fell slightly in certain years, but ended at about $19,925.58 in 2021. This upward trend in tax liability could suggest an increase in overall income levels, property values, or local tax rates, indicating robust economic growth and potentially higher costs of living and doing business in the area. Real estate agents, investors, and those considering moving to Parker County may need to account for these rising tax obligations when making financial decisions or advising clients.
Cost of Living in Parker County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,787 | $1,363 | $1,920 | $1,754 | $1,276 |
| 1 adult 4 children | $1,787 | $1,113 | $1,468 | $1,754 | $1,443 |
| 2 adults 3 children | $1,787 | $1,114 | $1,666 | $1,754 | $1,067 |
| 1 adult 3 children | $1,787 | $909 | $1,214 | $1,754 | $1,232 |
| 2 adults 2 children | $1,350 | $912 | $1,412 | $1,526 | $856 |
| 1 adult 2 children | $1,350 | $681 | $960 | $1,526 | $898 |
| 2 adults 1 child | $1,350 | $721 | $1,158 | $786 | $778 |
| 1 adult 1 child | $1,350 | $465 | $706 | $786 | $698 |
| 2 adults | $1,144 | $579 | $904 | $0 | $651 |
| 1 adult | $1,021 | $316 | $452 | $0 | $543 |
Safety trends & Data
Over the past five years in Parker County, Texas, property crime trends have shown notable variations. Larceny-theft continually reported the highest number of incidents, peaking at 113.00 cases in 2018. While burglary rates dropped from 30.00 cases in 2018 to 15.00 in 2022, fraud incidents also significantly decreased from 47.00 cases in 2018 to 12.00 in 2022. Motor vehicle theft has remained stable, and although vandalism spiked to 29.00 cases in 2021, it has since... Read more
Property Crime Trends in Parker County, TX Over the Last 5 Years
Over the past five years in Parker County, Texas, property crime trends have shown some variation. Notably, larceny-theft has consistently had the highest number of incidents, peaking at 113.0 cases in 2018 and maintaining high figures throughout. Burglary has seen a decrease over time, from 30.0 cases in 2018 to 15.0 cases in 2022. Motor vehicle theft has remained relatively stable, while incidents of fraud have seen a significant drop from 47.0 cases in 2018 to 12.0 cases in 2022. Vandalism saw a spike in 2021 with 29.0 reported cases but has since decreased. These shifts could be important for potential investors, appraisers, and residents considering the area.
Demographics
Parker County, Texas shows a relatively balanced gender distribution with a slight female majority. Educational attainment highlights a significant portion of the population with a high school diploma or some college education, but fewer individuals hold advanced degrees. The age distribution suggests a community with a substantial number of residents in their peak working ages, 35 to 64, which might impact local economic dynamics. Racially, the county is predominantly White, signaling... Read more
Race Distribution in Parker County, Texas (2022)
Educational Attainment in Parker County, Texas (2022)
Age Distribution in Parker County, Texas
Citizen Population in Parker County, Texas (2022)
Political Trends & Data
In Parker County, Texas, the 2020 U.S. Presidential Election results hint at a strong Republican preference among voters, which might influence local real estate trends. Despite some support for Democrats, the minimal backing for Libertarian and Green parties suggests limited interest in alternatives beyond the main political spectrum. This political landscape could subtly affect housing demand, investment opportunities, and community services in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Parker County, Texas, the 2020 U.S. Presidential Election results suggest a strong Republican leaning, potentially reflecting the county's broader political landscape and voter base. Although Democrats garnered a noticeable share of the vote, the support for third parties like the Libertarian and Green parties was minimal. This distribution might indicate limited appetite for alternatives beyond the two major parties in this particular county.
81.50% of voters voted for the Republican party in the 2020 Presidential Election
17.10% of voters voted for the Democrat party in the 2020 Presidential Election
1.16% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Parker County, Texas, has seen its student-to-teacher ratio hover around the national average of 14 students per teacher over the past decade. With a peak of 14.86 in 2018 and a low of 13.97 in 2021, these minor fluctuations could impact classroom experiences and resource allocation. This stability might interest those considering educational investments, real estate purchases, or relocation, indicating balanced student engagement and favorable learning environments that could enhance property... Read more
Student-to-teacher ratio in Parker County, Texas over the last 10 years
Over the past decade, Parker County, Texas has exhibited a student-to-teacher ratio that generally hovers around the national average of 14 students per teacher. Observations vary slightly, with a peak of approximately 14.86 in 2018 and a low of about 13.97 in 2021. Such fluctuations, although minor, can impact classroom experiences and resource allocation, which may interest those considering educational investments, real estate purchases, or relocation to the area. For insurance agents and appraisers, these numbers hint at the stability and potential growth within the region's educational infrastructure. For prospective homebuyers or investors, sustained near-average ratios suggest balanced student engagement and favorable learning environments, potentially enhancing property values over time.
