Randall County Real Estate and Livability Trends
In Randall County, Texas, rising average taxable incomes and economic stability could be pushing property values higher, with the average taxable income per tax return climbing to $86,876.45 in 2021. Median home values saw growth, peaking at $209,200 in 2022, while real estate taxes surged to $7,242.66 on average per tax return in 2021. Noteworthy declines in property crimes over the past five... Read more
Randall County Market Trends
Randall County, Texas, has seen steady growth in median home values, peaking at $209,200 in 2022, which could indicate an appreciating market. Interestingly, there's been a notable rise in real estate taxes, jumping to $7,242.66 on average per tax return in 2021. The county also showcased a dramatic spike in residential energy tax credits in 2018, with figures remaining robust in subsequent... Read more
Median Value of Occupied Housing Units in Randall County, Texas Over the Last 8 Years
Randall County, Texas, has experienced steady growth in median home values over the past eight years, peaking in 2022 at $209,200, which might reflect an appreciating real estate market. Compared to the Texas state median, Randall County's home values are slightly lower but align closely with the broader upward trend. This region’s growth is also underscored by its performance relative to national figures, where the U.S. median home value increased to $179,400 by 2022. This data could signal a good opportunity for potential investors or homebuyers who might be seeking value in a steadily rising market.
Residential Energy Tax Credit Per Tax Return in Randall County, TX Over the Last 9 Years
Randall County, Texas has shown a striking rise in the average residential energy tax credit per tax return over the past nine years. Notably, there was a dramatic peak in 2018 with an average credit of $2,754.55, reflecting possibly significant investments or incentives in energy-efficient home improvements. While there was a dip post-2018, figures like $1,261.70 in 2019 and $1,623.08 in 2021 suggest sustained interest in energy efficiency. Such trends could be intriguing for investors, builders, and real estate professionals who might see a growing market for energy-efficient homes. Additionally, insurance agents and appraisers might need to consider the rising importance and value of these energy credits in their assessments.
Average Real Estate Taxes Per Tax Return in Randall County, TX Over the Last 10 Years
Randall County, Texas, has seen a notable increase in average real estate taxes per tax return over the past decade, rising from $3,886.64 in 2012 to $7,242.66 in 2021. This upward trend might suggest a growing demand for property and could indicate rising property values in the area. These figures are particularly pertinent to potential investors, real estate agents, and insurance agents as they highlight the fiscal environment within which property transactions occur. If you're considering moving to Randall County or building property there, these increasing tax obligations are a critical factor to keep in mind.
Percentage of Farm Returns in Randall County, TX Over the Last 10 Years
Randall County, Texas, has seen relatively stable farm tax return percentages over the past decade, fluctuating around 2%. Peaks such as 2.06% in 2018 suggest occasional growth spurts while dips like 1.93% in 2019 might reflect varying agricultural conditions or economic factors. Farm tax returns, essentially income tax filings by agricultural entities, offer insights into the economic health and productivity of the farming sector. Investors and residents alike might find this data useful for understanding the stability and potential growth of agribusiness in the county, which can influence land value, market dynamics, and community sustainability.
Number of Mortgages by Occupancy Type in Randall County, TX Over the Last 5 Years in Randall County
In Randall County, Texas, mortgage counts over the past five years reveal interesting shifts in occupancy types. Principal residences dominate the landscape but show a sudden drop in numbers from 2021 to 2022, potentially indicating either a market saturation or shifting buyer priorities. Investment property mortgage counts have generally trended downwards, which might suggest a cooling in the local investment real estate market. Second residences remain a minuscule segment but their slight volatility still provides a crucial insight into lifestyle trends and future market potential. For investors, builders, and real estate professionals, these changes could signal evolving opportunities or risks within the housing market.
Economic Outlook
In Randall County, Texas, the rise in average taxable income per tax return from $62,351.21 in 2013 to $86,876.45 in 2021 suggests increased economic stability and earning potential. Fluctuations in state and local income taxes, peaking at $8,438.46 in 2019, point to economic uncertainty that may affect property values and investment considerations. Meanwhile, the average total tax liability per tax return has climbed from $10,813.91 in 2012 to $15,292.53 in 2021, reflecting potential economic... Read more
Average Taxable Income per Tax Return in Randall County, TX over the last 9 years
In the past nine years, Randall County, Texas has experienced a notable upward trend in average taxable income per tax return, increasing from $62,351.21 in 2013 to $86,876.45 in 2021. This steady rise suggests growing economic stability and possibly higher earning potential, which might be attractive for investors, real estate agents, and potential residents. However, appraisers and insurance agents should also take note of the increasing taxable incomes as this could signal a rise in property values and potentially higher insurance premiums.
Average State and Local Income Taxes Per Tax Return in Randall County, TX Over the Last 10 Years
Over the last decade, Randall County, Texas has experienced considerable fluctuations in average state and local income taxes per tax return. Notably, the lowest point occurred in 2014 at approximately $5,032.08, followed by a steep increase peaking in 2019 at around $8,438.46. This type of volatility might be a crucial factor for those looking to invest or set up businesses in the region, as it hints at economic uncertainty. Similarly, homeowners and real estate agents should note these shifts, as they could impact property values and appraisals. Given these trends, exact future predictions remain uncertain, emphasizing the need for cautious financial planning for current and potential residents.
Average Total Tax Liability Per Tax Return in Randall County, TX Over the Last 10 Years
Over the past decade, Randall County in Texas has seen a noticeable increase in average total tax liability per tax return, jumping from approximately $10,813.91 in 2012 to around $15,292.53 by 2021. This trend may interest potential investors, real estate agents, and those looking to build or move into the area as it could reflect growing property values or economic development. Appraisers and insurance agents might find these figures useful when assessing property risks and values in the region. For current residents and those generally interested in the area, it could indicate an upward shift in the cost of living, potentially driven by economic growth.
Cost of Living in Randall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,419 | $1,440 | $1,985 | $1,341 | $990 |
| 1 adult 4 children | $1,419 | $1,176 | $1,518 | $1,341 | $1,106 |
| 2 adults 3 children | $1,419 | $1,176 | $1,722 | $1,341 | $807 |
| 1 adult 3 children | $1,419 | $960 | $1,255 | $1,341 | $888 |
| 2 adults 2 children | $1,043 | $963 | $1,459 | $1,161 | $669 |
| 1 adult 2 children | $1,043 | $719 | $993 | $1,161 | $628 |
| 2 adults 1 child | $1,043 | $761 | $1,196 | $577 | $639 |
| 1 adult 1 child | $1,043 | $492 | $730 | $577 | $520 |
| 2 adults | $835 | $611 | $933 | $0 | $544 |
| 1 adult | $719 | $333 | $467 | $0 | $453 |
Safety trends & Data
Over the past five years, Randall County, Texas, has seen a notable decline in property crimes, particularly a drop in larceny-theft incidents from 79.00 in 2018 to just 18.00 in 2022. Burglaries and motor vehicle thefts have also significantly decreased, with burglaries falling from 20.00 to 4.00 and motor vehicle thefts plummeting from 20.00 to zero post-2020. This reduction in crime may signal improving safety conditions, potentially making Randall County an attractive prospect for... Read more
Property Crime Trends in Randall County, TX Over the Last 5 Years
Over the past five years in Randall County, Texas, there has been a noticeable decline in several types of property crimes. Larceny-theft, the most frequently occurring crime, saw a drop from 79.0 incidents in 2018 to just 18.0 in 2022. Burglary and motor vehicle theft also exhibited downward trends, with burglaries falling from 20.0 in 2018 to 4.0 in 2022, and motor vehicle theft nearly evaporating from a peak of 20.0 in 2020 to zero in the subsequent years. This overall reduction in property crime could suggest improving safety conditions and might make Randall County an appealing option for potential investors, homebuyers, and real estate agents looking for promising markets.
Demographics
Randall County, Texas reflects a fairly typical gender split with 50,776 men and 53,362 women. The age distribution points to a significant portion of the population being under 45, balancing younger families with an aging demographic. Educational attainment highlights a strong presence of high school graduates and those with some college experience, while around 20,217 have bachelor's degrees and 10,281 hold graduate or professional degrees, signifying a well-educated community. Racially, the... Read more
Race Distribution in Randall County, Texas (2022)
Educational Attainment in Randall County, Texas (2022)
Age Distribution in Randall County, Texas
Citizen Population in Randall County, Texas (2022)
Political Trends & Data
In Randall County, Texas, the 2020 U.S. Presidential Election saw the Republican Party securing a substantial 78.5% of the vote, signaling a strong conservative leaning. The Democratic Party, on the other hand, managed about 19.8%, with minor parties like the Libertarian and Green getting around 1.4% and 0.2% respectively. This suggests that the political landscape in Randall County may heavily favor Republican candidates, potentially influencing local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Randall County, Texas, voting patterns during the 2020 U.S. Presidential Election appeared to heavily favor the Republican Party, capturing an estimated 78.5% of the vote share. The Democratic Party garnered around 19.8%, while minor parties such as the Libertarian and Green parties barely made a dent with roughly 1.4% and 0.2%, respectively. This data may be indicative of Randall County's strong lean towards conservative politics, showing a significant preference for Republican candidates.
78.54% of voters voted for the Republican party in the 2020 Presidential Election
19.79% of voters voted for the Democrat party in the 2020 Presidential Election
1.41% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Randall County, Texas, the student-to-teacher ratio has generally hovered between 15 and 16 students per teacher over the last decade, surpassing the national average of 14. This trend may imply larger class sizes and potentially less individualized attention for students, possibly informing decisions for investors, real estate agents, and families considering a move. Educational quality is a key factor that can influence property values and community development, making this data highly... Read more
Student-to-teacher ratio in Randall County, Texas over the last 10 years
The student-to-teacher ratio in Randall County, Texas, has fluctuated slightly over the last decade, generally hovering around 15 to 16 students per teacher. This ratio is consistently higher than the national average of 14 students per teacher, which might imply larger class sizes and potentially less individualized attention for students. For those interested in the educational landscape—whether investors, real estate agents, or families considering moving to the area—this could be a significant factor. It may also be relevant for appraisers and insurance agents, as educational quality can influence property values and community development.
