Polk County Real Estate and Livability Trends
Polk County, Texas, has experienced notable economic growth over the past nine years, as indicated by a rise in average taxable income from $50,732.66 in 2013 to $71,940.94 in 2021. Median home values have also increased significantly from $81,500 in 2015 to $151,100 in 2022. Interestingly, the county’s real estate market shows potential for investors with its lower entry costs and consistent... Read more
Polk County Market Trends
Polk County, Texas, has experienced a notable increase in median home values, growing from $81,500 in 2015 to $151,100 in 2022, although this is still trailing the state and national averages. Investors might find this attractive given the lower entry costs and rising property values. The area also boasts higher residential energy tax credits, peaking impressively over the past few years,... Read more
Median Value of Occupied Housing Units in Polk County, Texas Over the Last 8 Years
Polk County, Texas witnessed a striking surge in median home values over the past eight years, jumping from $81,500 in 2015 to $151,100 in 2022. This increase, though substantial, still lags behind Texas's state average and the national median. While Texas homes saw a robust climb to $238,000 in 2022, the national median reached $179,400. Investors and future homeowners might find Polk County especially appealing due to its relatively lower entry point, coupled with the upward momentum in property valuations.
Residential Energy Tax Credit Per Tax Return in Polk County, TX Over the Last 9 Years
Polk County, Texas has seen a notable increase in average residential energy tax credits over the past nine years, making it potentially attractive for homeowners interested in energy-efficient upgrades. Beginning at around $430.00 in 2013, the credit has fluctuated but reached impressive highs like $2,226.67 in 2018 and $2,071.43 in 2021. These trends might suggest growing incentives or rising costs of energy-efficient installations, reflecting stronger emphasis on sustainable living. This information could be highly relevant for investors, real estate agents, and appraisers, considering the possible long-term benefits of energy-efficient properties in the area.
Average Real Estate Taxes Per Tax Return in Polk County, TX Over the Last 10 Years
Over the past decade, Polk County, Texas, has seen a general upward trend in average real estate taxes per tax return. Since 2012, when the average was around $3259.01, there's been a noticeable increase, peaking in 2020 at approximately $6124.51 before slightly fluctuating to $6113.54 in 2021. This trend may signal shifting economic factors, likely influencing decisions related to property investments, appraisals, and real estate market dynamics in the region. For potential investors, insurance agents, and real estate professionals, this data highlights the importance of considering tax implications when assessing property value and long-term return on investment.
Percentage of Farm Returns in Polk County, TX Over the Last 10 Years
Over the past decade, farm tax returns in Polk County, Texas have fluctuated modestly. Starting in 2012 at around 3.57%, the percentage saw a mild increase peaking at 3.71% in 2014 before experiencing a decline to a low of approximately 2.85% in 2020, and rising slightly to 3.17% in 2021. These trends may hint at changing economic conditions affecting agricultural profitability, influencing factors such as investments in rural infrastructure and property values. For potential investors and residents, understanding these tax return trends can offer insights into the local agricultural economy's stability and growth potential.
Number of Mortgages by Occupancy Type in Polk County, TX Over the Last 5 Years in Polk County
Over the last five years, Polk County, Texas has seen fluctuations in mortgage counts across different occupancy types. While principal residences consistently dominate the market, there’s been a subtle yet noticeable uptick in investment property and second residence mortgages, particularly between 2018 and 2021. Investors and those considering secondary homes should note these trends, as they indicate growing demand in these sectors. For appraisers and insurance agents, understanding these changes in occupancy types can assist in more accurate risk assessments and valuations. Real estate agents and developers might also find these insights invaluable when advising clients or planning new projects in the area.
Economic Outlook
Over the past nine years, Polk County, Texas, has seen a consistent increase in average taxable income per tax return, rising from roughly $50,732.66 in 2013 to approximately $71,940.94 in 2021, which hints at economic growth and potentially higher property values. Concurrently, average state and local income taxes fluctuated, peaking at $10,941.94 in 2018 before stabilizing around $7,979.17 in 2021, reflecting an evolving economic landscape. Additionally, total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Polk County, TX over the last 9 years
Over the past nine years, Polk County, Texas, has shown a consistent upward trend in average taxable income per tax return, rising from roughly $50,732.66 in 2013 to approximately $71,940.94 in 2021. This gradual increase suggests a growing economic prosperity in the area, potentially making it an attractive region for investors, real estate agents, and those looking to move. The income growth may also impact property values and insurance premiums, signaling a vibrant and potentially lucrative market.
Average State and Local Income Taxes Per Tax Return in Polk County, TX Over the Last 10 Years
Over the past decade, Polk County, Texas has seen a notable fluctuation in average state and local income taxes per tax return. Starting at $4,746.81 in 2012, there was a gradual increase, peaking at $10,941.94 in 2018 before slightly stabilizing around $7,979.17 in 2021. This variability may suggest an evolving economic landscape, potentially impacting fiscal planning and investment strategies for residents, real estate agents, appraisers, and insurance agents alike.
Average Total Tax Liability Per Tax Return in Polk County, TX Over the Last 10 Years
Polk County, Texas, has seen notable fluctuations in average total tax liability per tax return over the past decade. Starting around $8,034.32 in 2012, there was a gradual increase with a significant jump to $11,285.27 in 2021. This upward trend, especially sharp from 2017 onwards, suggests an increasing tax burden which could be a key consideration for potential investors, property developers, and current residents. As these tax liabilities have risen, it may reflect changing economic conditions or local policy shifts impacting overall affordability and financial planning for those associated with the area.
Cost of Living in Polk County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,183 | $1,267 | $1,859 | $1,068 | $766 |
| 1 adult 4 children | $1,183 | $1,035 | $1,422 | $1,068 | $842 |
| 2 adults 3 children | $1,183 | $1,035 | $1,613 | $1,068 | $607 |
| 1 adult 3 children | $1,183 | $845 | $1,176 | $1,068 | $616 |
| 2 adults 2 children | $862 | $847 | $1,367 | $933 | $525 |
| 1 adult 2 children | $862 | $633 | $930 | $933 | $461 |
| 2 adults 1 child | $862 | $670 | $1,120 | $493 | $534 |
| 1 adult 1 child | $862 | $432 | $683 | $493 | $441 |
| 2 adults | $763 | $538 | $874 | $0 | $505 |
| 1 adult | $653 | $293 | $437 | $0 | $427 |
Safety trends & Data
Polk County, Texas has seen notable fluctuations in property crimes over the past five years. Larceny-theft peaked at 240 incidents in 2019 but dropped significantly to 131 by 2021. Motor vehicle thefts spiked in 2020 with 37 incidents but slightly decreased to 30 by 2022. Arson cases remain relatively low despite some variability, while fraud and burglary incidents show consistent, moderate activity. This mixed outlook on property crime offers potential investors, residents, and real estate... Read more
Property Crime Trends in Polk County, TX Over the Last 5 Years
Polk County, Texas has experienced notable fluctuations in property crimes over the past five years. Larceny-theft remains the most prevalent issue, peaking at 240 incidents in 2019 and dropping to a low of 131 in 2021. Motor vehicle thefts saw a spike in 2020 with 37 incidents but slightly decreased to 30 by 2022. While the county has seen some variability in arson cases, the numbers remain relatively low. Fraud and burglary incidents show consistent but moderate activity, suggesting these might be areas of concern but not severe hot spots. The data provides a mixed outlook on property crime, offering potential investors, residents, and real estate professionals a nuanced view of safety and risk in Polk County.
Demographics
Polk County, Texas showcases a fascinating mix of demographic trends. The adult population skews slightly male, while educational attainment highlights a significant portion without a high school diploma and only a modest number achieving higher education degrees. Age distribution suggests a large cohort entering senior years, potentially shaping future community services and infrastructure needs. Racially, the county appears predominantly White, with limited representation from other racial... Read more
Race Distribution in Polk County, Texas (2022)
Educational Attainment in Polk County, Texas (2022)
Age Distribution in Polk County, Texas
Citizen Population in Polk County, Texas (2022)
Political Trends & Data
Polk County, Texas, displays a strong Republican lean, with about 77% of the vote in the 2020 Presidential Election going to the GOP. This suggests a deeply conservative political landscape, which might consistently shape local and state politics in favor of Republican candidates and policies. Democrats, securing only around 22%, might face challenges in gaining substantial influence, while third parties like the Libertarians and Greens barely make a dent with around... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Polk County, Texas, seemingly leans heavily Republican, with approximately 77% of the vote in the 2020 Presidential Election going to the GOP. Democrats might be seen struggling for influence, securing roughly 22% of the vote. Third parties like the Libertarians and Greens appeared to garner minimal support, collectively earning just around 1% of the votes. This significant Republican edge could suggest deep-rooted conservatism, potentially influencing local and state politics consistently in favor of Republican candidates and policies.
76.79% of voters voted for the Republican party in the 2020 Presidential Election
22.27% of voters voted for the Democrat party in the 2020 Presidential Election
0.71% 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
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Polk County, Texas, boasts a stable student-to-teacher ratio, averaging between 12 and 13 over the past decade, consistently below the national average of 14. This trend might appeal to families prioritizing smaller class sizes, educators seeking manageable classrooms, and investors focused on reliable educational infrastructure. Real estate professionals could use this data to emphasize the benefits of local schools, while insurance agents might assess policy implications related to the local... Read more
Student-to-teacher ratio in Polk County, Texas over the last 10 years
Polk County, Texas, has seen a relatively stable student-to-teacher ratio over the past decade, ranging from just above 12 to a bit over 13. While the national average is 14 students per teacher, Polk County consistently falls below this threshold. This could indicate potentially smaller class sizes, making it an appealing factor for families considering relocation, as well as for educators seeking a more manageable classroom setting. Investors looking into educational infrastructure might find the consistent trend reassuring in terms of stability. Meanwhile, real estate agents could leverage this data to highlight the benefits of local schools, and insurance agents might consider the implications for policy assessments given the local educational environment.
