Potter County Real Estate and Livability Trends
Potter County, Texas, has seen a median home value increase of 35.98% from 2015 to 2022, although this lags behind state and national growth rates, suggesting more affordable entry points for buyers. Real estate taxes have climbed over the last decade, influenced possibly by rising property values or changes in tax policy. The area has maintained a steady agricultural economy, as seen through... Read more
Potter County Market Trends
Potter County, Texas, has seen its median home values surge 35.98% from 2015 to 2022, though this growth lags behind the state and national trends. This suggests that the county might offer comparatively affordable entry points in the real estate market. Energy tax credits in the area have fluctuated wildly over the past nine years, indicating shifting levels of investment in home energy... Read more
Median Value of Occupied Housing Units in Potter County, Texas Over the Last 8 Years
Potter County, Texas has seen impressive growth in median home values over the last eight years, jumping from $88,200 in 2015 to $119,900 in 2022. While this 35.98% increase is significant, it still lags behind the broader trends in Texas and the United States. In comparison, median home values in Texas rose from $136,000 to $238,000, a 75% increase, and national values went from $125,500 to $179,400, a 42.97% boost. For investors or potential homeowners, this indicates Potter County might offer more affordable entry points relative to broader state and national markets, potentially providing attractive opportunities for those looking to capitalize on more localized growth.
Residential Energy Tax Credit Per Tax Return in Potter County, TX Over the Last 9 Years
Residential energy tax credits in Potter County, Texas have shown significant volatility over the past nine years, with dramatic fluctuations especially notable between $718.52 in 2017 and a peak of $1688.89 in 2018. This erratic pattern underscores varying investment levels in energy-efficient home improvements, perhaps led by changes in policy incentives or economic factors influencing local homeowners' decisions. For potential investors, builders, and insurers, these data points suggest that energy efficiency remains a significant and fluctuating area of homeowner expenditure in the region. Appraisers and real estate agents might also find this information crucial as it affects property valuations and market behavior.
Average Real Estate Taxes Per Tax Return in Potter County, TX Over the Last 10 Years
Potter County, Texas has experienced a notable increase in average real estate taxes per tax return over the past decade. Starting at around $4,211.24 in 2012, taxes showed a gradual increase, jumping significantly after 2017. By 2018, taxes soared to $8,017.02, continuing to rise steadily, reaching approximately $8,669.33 in 2021. This consistent increase may suggest rising property values or changes in tax policies, impacting potential investors, homebuyers, and real estate professionals considering the area.
Percentage of Farm Returns in Potter County, TX Over the Last 10 Years
Over the past decade, Potter County, Texas has seen a relatively stable percentage of farm tax returns, with minor fluctuations, typically ranging from about 0.94% to 1.05%. Farm tax returns generally represent the financial declarations made by farm owners for tax purposes. Such stability in farm tax returns can imply a steady agricultural economy, potentially appealing to investors or those looking to engage in agribusiness. While slight increases occurred in 2015 and 2017, the percentage saw a small decline in recent years, suggesting minimal but noticeable shifts in the agricultural landscape of the county.
Number of Mortgages by Occupancy Type in Potter County, TX Over the Last 5 Years in Potter County
In Potter County, Texas, the number of mortgages for principal residences has consistently outpaced those for investment and second residences over the last five years. This shows a clear preference for homeownership among the area's population. Interestingly, while principal residence mortgages sharply increased from 2019 to 2021, there's a notable decline in 2022, hinting at possible market or economic shifts. For investors, the relatively stable number of investment property mortgages suggests steady demand, despite minor fluctuations. Appraisers and insurance agents should note this stability as it could impact property valuations and insurance premiums. Real estate agents and builders should also consider these trends when advising clients or deciding on new development projects. Understanding these dynamics can provide valuable insights into the county's housing market viability and future opportunities.
Economic Outlook
In Potter County, Texas, the average taxable income per tax return has generally been on the rise, climbing from $47,165.90 in 2013 to $65,216.23 in 2021. However, real estate investors should note the volatility of state and local income taxes, which have swung between $5,657.14 and $11,725.00 over the past decade, potentially impacting long-term investment plans. Total tax liabilities also showed a fluctuating but upward trend, with key peaks in 2014, 2018, and 2021, highlighting periods of... Read more
Average Taxable Income per Tax Return in Potter County, TX over the last 9 years
Over the past nine years, Potter County, Texas, has seen fluctuating yet generally increasing trends in average taxable income per tax return. Notably, there was a significant rise from $47,165.90 in 2013 to $65,216.23 in 2021. While there were dips in 2015 and 2016, the overall trajectory suggests a growing economic stability, making the area potentially attractive for investors, real estate development, and new residents considering long-term financial prospects.
Average State and Local Income Taxes Per Tax Return in Potter County, TX Over the Last 10 Years
Over the last decade, state and local income taxes per tax return in Potter County, Texas have experienced significant fluctuations, ranging from a low of approximately $5,657.14 in 2016 to a peak of $11,725.00 in 2021. Despite a notable dip in 2016, the overall trend has shown an upward movement, indicating a potential increase in tax liabilities for residents and investors. This data may be of particular interest to property developers and real estate agents, suggesting the need to factor in the variability and upward trend of taxes in long-term investment planning and pricing strategies.
Average Total Tax Liability Per Tax Return in Potter County, TX Over the Last 10 Years
Over the last decade, Potter County, Texas, has seen fluctuations in average total tax liability per tax return, showcasing a notable rising trend with some variability. Peaks occurred in 2014 ($11,272.08), 2018 ($11,275.46), and 2021 ($12,197.06), suggesting potential economic growth or increasing income levels within the county. However, the drops in 2015 ($9,770.89) and 2016 ($9,014.05) imply periods of downturn or other influencing factors. Investors, realtors, and property developers might find these patterns useful as a gauge of the area's economic vitality.
Cost of Living in Potter County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,244 | $1,387 | $1,985 | $1,341 | $870 |
| 1 adult 4 children | $1,244 | $1,133 | $1,518 | $1,341 | $954 |
| 2 adults 3 children | $1,244 | $1,133 | $1,722 | $1,341 | $696 |
| 1 adult 3 children | $1,244 | $925 | $1,255 | $1,341 | $744 |
| 2 adults 2 children | $915 | $928 | $1,459 | $1,161 | $597 |
| 1 adult 2 children | $915 | $693 | $993 | $1,161 | $535 |
| 2 adults 1 child | $915 | $733 | $1,196 | $577 | $570 |
| 1 adult 1 child | $915 | $474 | $730 | $577 | $453 |
| 2 adults | $732 | $589 | $933 | $0 | $487 |
| 1 adult | $630 | $321 | $467 | $0 | $402 |
Safety trends & Data
Property crime in Potter County, Texas, has generally declined over the last five years, especially in areas like larceny-theft and burglary. Larceny-theft plummeted from 1,023.00 cases in 2018 to 351.00 in 2022, and burglaries dropped from 146.00 to 87.00 in the same timeframe. Despite a 2019 spike in fraud incidents, the trend suggests improved security or more effective law enforcement. Real estate investors and property developers might see this as an attractive sign, though occasional... Read more
Property Crime Trends in Potter County, TX Over the Last 5 Years
Property crime in Potter County, Texas, has seen a general decline over the past five years, with notable decreases in categories like larceny-theft and burglary. Larceny-theft dropped from 1,023.00 reported cases in 2018 to 351.00 in 2022, while burglary incidents went from 146.00 to 87.00 in the same period. Fraud incidents spiked in 2019 to 464.00 but drastically reduced by 2022. This decreasing trend could be an indicator of improved security measures or effective law enforcement strategies, making the area potentially more appealing for investors and property developers. However, inconsistencies such as a spike in arson in some years merit attention. Appraisers and insurance agents might find these trends useful for assessing risk and property values more accurately.
Demographics
In Potter County, Texas, the adult population shows a close demographic split, with slightly more males than females. Education levels vary widely, with a significant portion having only a high school diploma and a noticeable number without a high school diploma. The age distribution indicates a young population base, with many residents under 35. Racial diversity is evident, though the majority identify as White, with smaller percentages represented by other racial groups. This varied... Read more
Race Distribution in Potter County, Texas (2022)
Educational Attainment in Potter County, Texas (2022)
Age Distribution in Potter County, Texas
Citizen Population in Potter County, Texas (2022)
Political Trends & Data
Potter County, Texas, shows significant conservative leanings, with around 68% of the electorate likely supporting the Republican party during the 2020 presidential election. Democrats appeared to trail substantially, capturing only about 30% of the vote. This GOP dominance might reflect broader political and cultural trends in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Potter County, Texas, seemed to lean heavily towards the Republican party in the 2020 presidential election, with the GOP potentially capturing around 68% of the vote. Democrats may have lagged significantly behind at approximately 30%, while smaller parties like the Libertarians and Greens, as well as other candidates, collectively gathered minimal support. This distribution suggests a strong conservative preference among the county's electorate.
68.45% of voters voted for the Republican party in the 2020 Presidential Election
29.76% of voters voted for the Democrat party in the 2020 Presidential Election
1.36% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Potter County, Texas, has experienced a decline in its student-to-teacher ratio, dropping from a peak of 14 in 2016 to about 12 by 2021. This decrease might suggest more personalized attention for students, potentially leading to better educational outcomes. Families considering moving to the area could find this appealing, making it an interesting point for real estate agents, investors, and property developers to consider, as it might influence property values and... Read more
Student-to-teacher ratio in Potter County, Texas over the last 10 years
Over the last decade, Potter County, Texas, has seen its student-to-teacher ratio fluctuate but generally align with the national average of 14 students per teacher. From a slight peak at 14 in 2016, the ratio notably decreased to around 13 over the past few years, dropping to 12 in 2021. Lower student-to-teacher ratios can often signal more personalized attention for students and possibly better educational outcomes, which may be attractive to families considering moving to the area. Real estate agents and investors could find this trend noteworthy, as well as appraisers, insurance agents, and property developers who understand that these metrics can influence property values and demand in Potter County.
