Red River County Real Estate and Livability Trends

Red River County, Texas has seen interesting changes in its real estate market. Median home values, though still trailing the state's $238,000 and the national's $179,400 medians as of 2022, have risen from $69,200 in 2015 to $113,600, hinting at potential investment opportunities. The average residential energy tax credit per tax return surged from $287.50 in 2013 to $1,200.00 in 2021,... suggesting increased investments in energy efficiency. Real estate taxes have also fluctuated, peaking at $3,936.36 in 2019, indicating rising costs that investors need to consider. The percent of farm tax returns has remained fairly stable, peaking at 17.70% in 2018, reflecting a steady agricultural economy. Meanwhile, mortgages for principal residences have generally increased, hitting 352 in 2021, suggesting a robust primary housing market, whereas investment property mortgages have shown more variability. Read more

Red River County, Texas, has seen a varied trend in average taxable income over the past nine years, increasing from $38,099.24 in 2013 to $48,653.38 in 2021, indicating potential economic growth. State and local income taxes per tax return decreased significantly from $4,200.00 in 2012 to $2,900.00 in 2014 and 2015, with slight fluctuations afterwards, which may make the area appealing due to lower tax burdens. Average total tax liability per tax return also showed notable fluctuations,... peaking at $6,928.10 in 2018 and stabilizing at $6,674.49 in 2021, hinting at a dynamic fiscal landscape tied to local economic conditions. Read more

Red River County, Texas has seen a notable decline in property crime over the past five years. Burglaries dropped from 12 in 2019 to just 1 in 2022, and larceny-theft incidents fell from 13 in 2018-2019 to 1 by 2022. Motor vehicle thefts and vandalism have also decreased, suggesting a potentially safer environment for residents and investors. This trend might appeal to prospective property buyers and real estate investors interested in areas with improving safety... metrics. Read more

Red River County, Texas shows interesting demographic trends that reflect a slightly higher female population and a significant segment with only a high school education or some college without a degree. An aging population is evident, with sizeable numbers in the 55-74 age brackets. Predominantly White, the county's racial composition has minor representations from other ethnic groups, highlighting a relatively homogeneous community. Such demographic data can be crucial for tailoring community... services and addressing socio-economic needs more effectively. Read more

Red River County, Texas, leans predominantly Republican, with around 78% of the vote going to the GOP in the last presidential election and Democrats capturing roughly 21%. Minor parties like the Libertarians and Greens barely made an impact, each only garnering slightly above 1%. This political inclination toward the Republican side might shape local policies and influence real estate trends, especially regarding property taxes, zoning, and development... incentives. Read more

The student-to-teacher ratio in Red River County, Texas has gradually declined over the past decade, dropping from 11 students per teacher in 2014 to around 10 in 2023. This trend might indicate smaller class sizes, an important factor for prospective homebuyers and investors focused on educational quality. Red River County consistently has a lower ratio compared to the national average of 14 students per teacher, potentially attracting families looking for more personalized classroom... attention. Real estate agents and appraisers might find this a notable point when assessing the area's value and appeal. Read more