Parmer County Real Estate and Livability Trends
Parmer County, Texas has seen a noteworthy rise in median home values, hitting $134,300 in 2022 from $86,400 in 2015, indicating solid growth though still below state and national averages. The sharp fluctuations in residential energy tax credits, peaking at $700.00 in 2020, suggest increased investments in energy-efficient upgrades. Meanwhile, the near doubling of real estate taxes per tax... Read more
Parmer County Market Trends
Parmer County's median home values have surged from $86,400 in 2015 to $134,300 in 2022, reflecting solid growth despite remaining lower than state and national averages. Residential energy tax credits in the county saw sharp fluctuations, peaking at $700.00 in 2020, indicating increased investments in energy-efficient upgrades. Real estate taxes per tax return nearly doubled over a decade,... Read more
Median Value of Occupied Housing Units in Parmer County, Texas Over the Last 8 Years
Parmer County's median home values have seen a significant upward trend over the past eight years, growing from $86,400 in 2015 to $134,300 in 2022. This increase is especially interesting when compared to Texas and national figures; while Parmer County's values are lower than the state and national averages, the percentage growth mirrors broader trends. For investors and potential homeowners, the more modest entry point in Parmer County could present a lucrative opportunity given the consistent value appreciation.
Residential Energy Tax Credit Per Tax Return in Parmer County, TX Over the Last 8 Years
Parmer County, Texas has seen significant fluctuations in residential energy tax credits over the past eight years. Starting at $287.50 in 2013, there was a noticeable dip in the next few years, reaching a low of $250.00 in 2015. However, the amount began to rise sharply in 2016, peaking at $700.00 in 2020. This trend suggests increasing investments in energy-efficient upgrades and renewable energy, which may indicate both growing environmental consciousness and the improvement of applicable policy incentives. For anyone involved in real estate or financial planning in Parmer County, this upward movement represents potential savings and investment opportunities in energy-efficient home improvements.
Average Real Estate Taxes Per Tax Return in Parmer County, TX Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Parmer County, Texas have shown a notable upward trend, nearly doubling from $2,342.42 in 2012 to $5,066.67 in 2021. This gradual increase, especially sharp between 2016 and 2021, suggests a rising demand and possibly an appreciation in property values. Such trends might be enticing for potential real estate investors and professionals looking to capitalize on an appreciating market. For appraisers and insurance agents, understanding these trends is essential for accurately assessing property values and insurance needs in the area.
Percentage of Farm Returns in Parmer County, TX Over the Last 10 Years
Farm tax returns in Parmer County, Texas have generally hovered between 8.31% and 9.36% over the last decade. With minor fluctuations, the percentage of farm returns saw a slight dip in 2014 followed by a gradual climb, peaking at 9.37% in 2021. Farm returns reflect the local agricultural economy, and stable or increasing numbers suggest a steady farming community which could be a positive indicator for potential investors or residents. This stability might imply resilient agricultural practices and a consistent farming income stream, which are critical factors for those considering agricultural investments or settling in Parmer County.
Number of Mortgages by Occupancy Type in Parmer County, TX Over the Last 5 Years in Parmer County
Parmer County, Texas has seen varying trends in mortgage counts over the past five years, particularly in the principal residence category, which peaked dramatically at 212 in 2021 compared to 97 in 2019. Investment properties remained relatively stable but low, with consistent counts around 12. Second residences were notably minimal, never exceeding 2 per year. Such shifts in occupancy type significantly impact the local housing market and economy; investors might find relatively untapped opportunities in stable investment properties. Changes in principal residence rates suggest fluctuating homeowner interest, affecting everything from real estate prices to community development. For insurers and appraisers, understanding occupancy trends aids in evaluating property risks and values accurately.
Economic Outlook
Parmer County, Texas has seen a steady rise in average taxable income per tax return, from $41,083.41 in 2013 to $54,147.44 in 2021, possibly indicating a favorable economic climate for new investments. A notable $7,000 jump between 2020 and 2021 hints at an improving job market or successful local industries. Concurrently, average state and local income taxes have dropped from $4,333.33 in 2012 to $2,440.00 in 2017, suggesting changing economic conditions or policies that could benefit... Read more
Average Taxable Income per Tax Return in Parmer County, TX over the last 9 years
Parmer County, Texas has experienced a steady increase in average taxable income per tax return over the past nine years, rising from $41,083.41 in 2013 to $54,147.44 in 2021. This consistent growth may suggest a favorable economic environment that could be appealing for potential investors, new residents, property developers, real estate agents, and other stakeholders. A notable jump occurred between 2020 and 2021, where the average taxable income saw a significant increase of over $7,000. While specific causes can vary, this trend might imply improving job markets or successful local industries, making Parmer County an interesting location for diverse investment opportunities.
Average State and Local Income Taxes Per Tax Return in Parmer County, TX Over the Last 6 Years
Parmer County, Texas has seen a noticeable decline in the average state and local income taxes over the past six years, with values dropping from $4,333.33 in 2012 to $2,440.00 in 2017. This trend could imply evolving economic conditions or policy changes impacting tax liabilities. For investors, lower tax burdens might make the area more attractive for real estate ventures. Prospective homeowners and builders might find this location more financially appealing, potentially leading to increased demand and development in the region. Real estate agents and appraisers might highlight this decreasing tax trend when marketing properties or determining property values.
Average Total Tax Liability Per Tax Return in Parmer County, TX Over the Last 10 Years
Over the past decade, Parmer County, Texas has seen a fluctuating trend in average total tax liability per tax return, peaking at $7,683.12 in 2021. Although there was a noticeable dip in tax liabilities around 2014, recent years have shown an upward trend, suggesting potential increases in property values or incomes. This might matter to potential investors, property developers, and insurance agents as it could impact financial planning, equity assessments, and risk evaluations. Prospective homeowners and real estate agents may also want to consider these trends for future property appraisals and market dynamics.
Cost of Living in Parmer County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,040 | $1,436 | $1,948 | $1,242 | $856 |
1 adult 4 children | $1,040 | $1,172 | $1,491 | $1,242 | $943 |
2 adults 3 children | $1,040 | $1,173 | $1,689 | $1,242 | $680 |
1 adult 3 children | $1,040 | $958 | $1,232 | $1,242 | $702 |
2 adults 2 children | $838 | $960 | $1,431 | $1,084 | $606 |
1 adult 2 children | $838 | $717 | $974 | $1,084 | $552 |
2 adults 1 child | $838 | $759 | $1,173 | $572 | $592 |
1 adult 1 child | $838 | $490 | $715 | $572 | $489 |
2 adults | $725 | $610 | $914 | $0 | $537 |
1 adult | $632 | $332 | $457 | $0 | $455 |
Safety trends & Data
Parmer County, Texas has experienced fluctuating property crime trends over the past five years, showing notable spikes and drops in incidents like burglary and motor vehicle theft. Burglary hit a peak of 10.00 incidents in 2021, while larceny-theft saw its highest count in 2019 with 12.00 but completely vanished by 2022. Motor vehicle theft saw an unusual rise in 2020 with 4.00 cases, despite generally low figures. Understanding these trends can be crucial for investors, insurance agents, real... Read more
Property Crime Trends in Parmer County, TX Over the Last 5 Years
Parmer County, Texas has seen fluctuating property crime trends over the past five years. Burglary incidents varied significantly, with a spike to 10.00 in 2021 and a low point of 1.00 in 2018. Larceny-Theft had its highest count in 2019 at 12.00 but dropped off completely by 2022. Motor Vehicle Theft showed a notable rise in 2020 with 4.00 cases, despite being low in other years. Crimes like Fraud and Forgery maintained a relatively low level throughout. Vandalism has been minimal but appeared in some years such as 2019 and 2022. These trends can be interesting for prospective investors, insurance agents, real estate professionals, and residents who want to understand the changing safety landscape in Parmer County, Texas.
Demographics
Parmer County, Texas, shows a near-balanced adult population between males and females but has distinct educational attainment gaps with the majority achieving high school education and fewer advancing to higher education degrees. Age-wise, there's a noticeable emphasis on both younger (under 10 years) and middle-aged brackets (35 to 44 years), suggesting a community with both young families and established professionals. Racially, the county is predominantly White, with minimal representation... Read more
Race Distribution in Parmer County, Texas (2022)
Educational Attainment in Parmer County, Texas (2022)
Age Distribution in Parmer County, Texas
Citizen Population in Parmer County, Texas (2022)
Political Trends & Data
Parmer County, Texas, shows a notable political lean towards Republican candidates, with over 80% of the vote potentially favoring them in the 2020 U.S. Presidential Election. Democratic candidates might have managed around 18%, and minor parties like the Libertarians and Greens appear to have attracted less than 1% each. This conservative tilt aligns with broader patterns seen across the state, potentially influencing local real estate trends, such as demand for homes in traditionally... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Parmer County, Texas, the 2020 U.S. Presidential Election results seem to indicate a strong leaning towards Republican candidates, with over 80% of votes potentially going their way. Democratic candidates might have secured around 18% of the votes, while minor parties, including the Libertarian and Green parties, appear to have garnered less than 1% each. These figures suggest a political landscape that could be decisively conservative, reflective of broader statewide trends.
80.57% of voters voted for the Republican party in the 2020 Presidential Election
18.42% of voters voted for the Democrat party in the 2020 Presidential Election
0.87% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
School Data
Parmer County, Texas has maintained a student-to-teacher ratio below the national average of 14 over the past decade, starting at roughly 11 students per teacher in 2014 and decreasing to about 10 by 2023. This suggests smaller class sizes and could appeal to families seeking more individualized attention for their children. Potential investors and developers might see this as a sign of a stable or supportive educational environment, potentially boosting the appeal of local properties. Real... Read more
Student-to-teacher ratio in Parmer County, Texas over the last 10 years
Over the past decade, Parmer County, Texas has consistently shown a student-to-teacher ratio below the national average of 14 students per teacher. Starting at approximately 11 students per teacher in 2014, the ratio has gradually decreased to around 10 by 2023. This trend could suggest smaller class sizes, which might be appealing to families seeking more individualized attention for their children. For potential investors or those considering new developments, this data might indicate a stable or supportive educational environment in the area. Real estate agents and insurance agents could also see this as an advantage in marketing properties, as lower ratios may hint at a well-managed and potentially desirable school district.