Pecos County Real Estate and Livability Trends
Pecos County, Texas, has seen a striking 210% increase in median housing unit values over the past eight years, suggesting a robust market that might attract investors seeking alternatives to more saturated areas. Average real estate taxes have also climbed from $2,220.00 in 2012 to $4,080.00 in 2021, possibly reflecting appreciating property values. Interesting trends in mortgage patterns show... Read more
Pecos County Market Trends
Pecos County, Texas has experienced a striking 210% increase in the median value of occupied housing units over the past eight years, suggesting a robust local market that could attract investors looking for rising property values away from more saturated areas. Residential energy tax credits have surged, with average credits per tax return reaching $3880.00 by 2021, reflecting heightened... Read more
Median Value of Occupied Housing Units in Pecos County, Texas Over the Last 8 Years
Over the past eight years, Pecos County, Texas has seen a significant increase in the median value of occupied housing units, jumping from $68,800 in 2015 to $144,300 in 2022. This county’s growth rate is especially striking when compared to the state of Texas, which saw its median home values climb from $136,000 to $238,000 during the same period. Although Pecos County's values remain below both Texas and the national median—$179,400 in 2022—the rapid appreciation suggests a strong local market that might appeal to investors looking for rising property values in less saturated areas. The substantial increases in recent years could also impact affordability, challenging potential homebuyers but promising returns for current homeowners and future investors.
Residential Energy Tax Credit Per Tax Return in Pecos County, TX Over the Last 8 Years
Pecos County, Texas has experienced a substantial increase in average residential energy tax credits per tax return over the past eight years, indicating a growing investment in energy-efficient home improvements. This trend likely reflects heightened homeowner awareness and government incentives driving energy-efficient upgrades. By 2021, the average credit rose to $3880.00, a significant leap from just $363.64 in 2013. Potential investors and insurance agents should note the increasing value placed on energy efficiency in the area, while real estate agents might highlight these enhancements in property listings.
Average Real Estate Taxes Per Tax Return in Pecos County, TX Over the Last 10 Years
Over the last decade, Pecos County, Texas has seen a noticeable upward trend in average real estate taxes per tax return, moving from $2,220.00 in 2012 to $4,080.00 by 2021. Investors and potential homeowners may find the steady rise significant as it potentially reflects increasing property values or budgetary shifts in local governance. As property taxes generally correlate with property values, this pattern might suggest an appreciating real estate market, making it an intriguing area for real estate agents and appraisers. For insurance agents, understanding these trends can be critical for adjusting premiums, while prospective residents might need to factor these rising costs into their long-term financial planning.
Percentage of Farm Returns in Pecos County, TX Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Pecos County, Texas, has shown a slight downward trend, decreasing from approximately 4.45% in 2012 to around 3.40% in 2021. Farm tax returns indicate the proportion of tax filings that report farm income, which can provide insights into the agricultural activity and economic health of the farming sector in the region. This reduction might imply a shift in the local economy or changes in farming practices, potentially signaling challenges in the agricultural sector. For investors, property developers, or new residents considering Pecos County, this could be a significant factor in decision-making, as it affects local land use, economic stability, and community support for agricultural infrastructure.
Number of Mortgages by Occupancy Type in Pecos County, TX Over the Last 5 Years in Pecos County
Pecos County, Texas has seen a fluctuating number of mortgages for different occupancy types over the last five years. The number of mortgages for principal residences has consistently been higher, reaching a peak in 2021 with 479 mortgages. Investment property mortgages have generally trended downwards, with a notable dip in 2020, while second residence mortgages have remained minimal throughout the period. These shifts could signal changing economic conditions or buyer preferences and may influence market dynamics for investors, property developers, insurance agents, and real estate professionals. Understanding these patterns helps in assessing risk, opportunity, and potential return on investment in the area.
Economic Outlook
Pecos County, Texas has seen notable fluctuations in average taxable income per tax return, peaking in 2019 at $64,606.52 before dipping in 2020 to $55,812.48 and slightly rebounding to $58,956.59 in 2021. These shifts hint at economic changes likely tied to local industries, impacting real estate decisions. Average state and local income taxes have also varied, with a sharp increase from $1,350.00 in 2012 to $5,266.67 in 2014, followed by a drop stabilizing around $2,000 afterward. Total tax... Read more
Average Taxable Income per Tax Return in Pecos County, TX over the last 9 years
Pecos County, Texas has experienced significant fluctuations in average taxable income per tax return over the last nine years, peaking in 2019 at $64,606.52 before dropping in 2020 to $55,812.48, then slightly rebounding to $58,956.59 in 2021. These variations suggest periodic economic shifts that may be linked to local industries and employment trends, relevant for potential investors, real estate agents, and builders evaluating market conditions. Adjustment periods could be key times for insurance agents and appraisers to reassess property values and risks. Overall, understanding these income trends can provide essential insights for strategic decision-making in the county.
Average State and Local Income Taxes Per Tax Return in Pecos County, TX Over the Last 6 Years
Pecos County, Texas has seen fluctuations in average state and local income taxes per tax return over the past six years. Notably, there was a sharp increase from 2012 to 2014, where values jumped from $1,350.00 to $5,266.67. However, post-2014, the taxes per return saw a significant drop, stabilizing around the $2,000 mark in the following years. This variability could intrigue potential investors, real estate professionals, and appraisers as it suggests potential volatility in fiscal policy or economic conditions in the area. For residents and those looking to move to Pecos County, this data highlights the importance of staying informed about local tax trends.
Average Total Tax Liability Per Tax Return in Pecos County, TX Over the Last 10 Years
The average total tax liability per tax return in Pecos County, Texas has shown fluctuating trends over the past decade. Significant peaks occurred in 2014 ($9,283.05) and 2017 ($11,374.55), potentially signaling years of increased economic activity or changes in tax legislation. Despite these spikes, there appears to be a general upward trend, which might be attractive for appraisors and insurance agents assessing long-term property values and risk. Meanwhile, investors and real estate agents may find these insights valuable for forecasting future market conditions and advising clients accurately.
Cost of Living in Pecos County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,305 | $1,291 | $1,762 | $1,310 | $855 |
| 1 adult 4 children | $1,305 | $1,054 | $1,347 | $1,310 | $968 |
| 2 adults 3 children | $1,305 | $1,055 | $1,529 | $1,310 | $694 |
| 1 adult 3 children | $1,305 | $861 | $1,114 | $1,310 | $770 |
| 2 adults 2 children | $918 | $863 | $1,296 | $1,145 | $590 |
| 1 adult 2 children | $918 | $645 | $881 | $1,145 | $548 |
| 2 adults 1 child | $918 | $682 | $1,063 | $608 | $580 |
| 1 adult 1 child | $918 | $441 | $648 | $608 | $477 |
| 2 adults | $813 | $548 | $830 | $0 | $514 |
| 1 adult | $623 | $299 | $415 | $0 | $416 |
Safety trends & Data
Property crime trends in Pecos County, Texas have shown notable fluctuations over the past five years. After a high of 19 larceny-theft incidents in 2018, the numbers dropped sharply the following year, suggesting possible improvements in property security. A significant spike to 39 larceny-theft cases in 2020 indicates a temporary surge in theft-related crimes. However, by 2022, incidents across all categories, especially larceny-theft which fell to just one, suggest enhanced law enforcement... Read more
Property Crime Trends in Pecos County, TX Over the Last 5 Years
Property crime in Pecos County, Texas has fluctuated significantly over the last five years. In 2018, larceny-theft saw the highest incidents with 19 cases, whereas burglary and vandalism had moderate occurrences. However, by 2019, larceny-theft and burglary numbers dropped sharply, reflecting a potential improvement in property security. A substantial spike in larceny-theft was observed in 2020 with 39 incidents, suggesting a temporary surge in theft-related crimes. The subsequent years, 2021 and 2022, showed a remarkable decline across all categories, particularly in larceny-theft, which fell to just one incident by 2022. This trend may indicate enhanced law enforcement efficacy or community vigilance.
Demographics
Pecos County, Texas presents a notable gender imbalance with a higher male population compared to females. Educational attainment shows a predominant number of residents with at least a high school diploma, although a significant portion lacks a degree beyond some college education. The age distribution hints at a relatively younger population, with a considerable percentage under 34 years old. Racially, the community is predominantly White, with small representations of other races, which... Read more
Race Distribution in Pecos County, Texas (2022)
Educational Attainment in Pecos County, Texas (2022)
Age Distribution in Pecos County, Texas
Citizen Population in Pecos County, Texas (2022)
Political Trends & Data
Pecos County, Texas, leaned heavily Republican in the 2020 U.S. Presidential Election, with around 69% of votes potentially supporting the Republican Party. The Democratic Party trailed at about 30%, and minor parties like the Libertarian and Green parties barely captured 2% combined. This conservative trend could potentially influence the types of developments and investments that gain traction in the local real estate market, possibly favoring traditional and family-oriented projects over... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pecos County, Texas leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 69% of the votes potentially going to the Republican Party. The Democratic Party trailed behind with about 30%, while the Libertarian and Green parties combined captured less than 2% of the vote. This voting pattern may suggest a strong conservative presence in the area, with minor interest in third-party alternatives.
68.87% of voters voted for the Republican party in the 2020 Presidential Election
29.61% of voters voted for the Democrat party in the 2020 Presidential Election
1.07% of voters voted for the Livertarian party in the 2020 Presidential Election
0.45% of voters voted for the Green party in the 2020 Presidential Election
School Data
In Pecos County, Texas, the student-to-teacher ratio has shown variability over the past decade, peaking at 15 students per teacher in 2017 before decreasing to about 12 students per teacher by 2023. This ratio remains below the national average of 14, suggesting more personalized education which could be attractive to families prioritizing schooling. Such educational advantages might increase demand for housing in particular neighborhoods, influencing property values and risk assessments for... Read more
Student-to-teacher ratio in Pecos County, Texas over the last 10 years
Over the last decade, the student-to-teacher ratio in Pecos County, Texas has fluctuated, with notable peaks and troughs. It climbed to a high of 15 students per teacher in 2017 before dropping to around 12 students in recent years, specifically hitting 12 in 2023. This is consistently below the current national average of 14 students per teacher, indicating smaller class sizes overall. For investors, real estate agents, and those considering moving to the area, these ratios might suggest a potentially more personalized educational environment. Smaller class sizes could be appealing to families prioritizing education, therefore possibly driving demand for housing in specific neighborhoods. For insurance agents and appraisers, understanding these dynamics may help in assessing risk and property values influenced by the local educational standards.
