Rockwall County Real Estate and Livability Trends
Rockwall County, Texas, has witnessed remarkable growth in average taxable income, rising from $84,055.09 in 2013 to $131,101.41 in 2021, despite a dip in 2017. The median home value surged from $193,300 in 2015 to $363,500 in 2022, attracting potential investors but also suggesting higher living costs. Tax data reveals both economic growth and the potential for inflationary impact, with local... Read more
Rockwall County Market Trends
Rockwall County, Texas has seen its median home values surge from $193,300 in 2015 to $363,500 in 2022, substantially ahead of state and national growth. This dramatic rise might appeal to investors and potential homeowners, although it signals higher living costs for residents. Also notable is the increase in residential energy tax credits, peaking at $2,992.00 in 2018, hinting at growing... Read more
Median Value of Occupied Housing Units in Rockwall County, Texas Over the Last 8 Years
Rockwall County, Texas has experienced a significant upswing in median home values over the past eight years, jumping from $193,300 in 2015 to $363,500 in 2022. In comparison, the state of Texas saw an increase from $136,000 to $238,000 in the same period, while national figures rose more modestly from $125,500 to $179,400. This makes Rockwall County particularly attractive for investors and potential homeowners seeking higher property value growth, although it might also signal rising living costs for current residents.
Residential Energy Tax Credit Per Tax Return in Rockwall County, TX Over the Last 9 Years
Over the last nine years, Rockwall County, Texas has experienced significant fluctuations in the average residential energy tax credit claimed per tax return. Starting at $478.79 in 2013 and seeing a marked spike in 2017 to over $1,052.83, the figures peaked notably in 2018 at a substantial $2,992.00. Following a slight dip in 2019, amounts hovered over $1,700.00 through 2021, suggesting an overall upward trend. These movements hint at increasing investments in energy-efficient home improvements, a crucial point for potential investors, appraisers, real estate agents, and those interested in sustainable housing developments.
Average Real Estate Taxes Per Tax Return in Rockwall County, TX Over the Last 10 Years
Over the past decade, Rockwall County, Texas has experienced a steady increase in average real estate taxes per tax return, rising from approximately $5,462.18 in 2012 to around $8,921.83 in 2021. This consistent upward trend can indicate increasing property values, demand, and possibly enhancements in local infrastructure and services. For potential investors, appraisers, and real estate agents, this trend potentially reflects a market with growing property desirability. Those considering moving to or developing in the area should account for these rising tax obligations in their financial planning.
Percentage of Farm Returns in Rockwall County, TX Over the Last 10 Years
Farm tax returns in Rockwall County, Texas have shown a gradual but noticeable decline over the last decade, dropping from roughly 1.64% in 2012 to about 1.18% in 2021. This consistent decrease may indicate shifting economic conditions or cultural changes affecting the viability or popularity of farming in the area. For potential investors, property developers, or new residents, these trends could signal a move towards residential or commercial development, suggesting evolving opportunities but also highlighting the decreasing prominence of agricultural activities in the county. Understanding these dynamics can be critical for strategic planning and investment decisions in the region.
Number of Mortgages by Occupancy Type in Rockwall County, TX Over the Last 5 Years in Rockwall County
In Rockwall County, Texas, the number of mortgages for principal residences has generally dwarfed those for investment and second residences over the past five years. However, a notable rise in investment properties can be seen, suggesting a growing interest in real estate investment. This trend could be valuable for real estate agents and investors as it indicates shifts towards a market potentially ripe for rental properties and commercial ventures. For appraisers and insurance agents, understanding the mix in occupancy types can inform risk assessments and property valuation. Shifts in occupancy types can reflect changing demographics and economic conditions, offering crucial insights for anyone looking to buy, sell, or build in the area.
Economic Outlook
Rockwall County, Texas has experienced substantial growth in average taxable income, climbing from $84,055.09 in 2013 to $131,101.41 in 2021, though a significant dip in 2017 warrants further investigation. The rise in average state and local income taxes, from $7,779.66 in 2012 to $19,762.71 in 2021, could indicate both robust economic growth and inflationary pressures, potentially affecting property taxes and living costs. Additionally, the county's decrease in poverty rate from 7.3% in 2014... Read more
Average Taxable Income per Tax Return in Rockwall County, TX over the last 9 years
Rockwall County, Texas has seen substantial growth in the average taxable income per tax return over the past nine years. Starting from around $84,055.09 in 2013, the figure steadily increased, peaking at a notable $131,101.41 in 2021. This upward trend indicates a potentially thriving local economy which could be appealing for investors, prospective homeowners, and real estate professionals. However, a notable dip to $6,133.81 in 2017 raises questions that could be worth investigating further. The overall positive growth suggests increased earning potential and possibly a higher standard of living in the area.
Average State and Local Income Taxes Per Tax Return in Rockwall County, TX Over the Last 10 Years
Rockwall County, Texas has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting at around $7,779.66 in 2012, it steadily climbed to a significant $19,762.71 by 2021. This trend may signal robust economic growth but also possibly inflationary pressures, which could influence everything from property taxes to overall cost of living. For prospective investors or those considering a move, these rising taxes could impact financial planning and budget allocations. Appraisers, insurance agents, and real estate professionals should be mindful of how these shifts might affect property values and insurance premiums.
Average Total Tax Liability Per Tax Return in Rockwall County, TX Over the Last 10 Years
Rockwall County, Texas has seen a notable increase in average total tax liability per tax return over the last decade. Despite some fluctuations, there's a clear upward trajectory, peaking significantly in 2021 at $26,491.74. This trend suggests potential rising property values and incomes, making it an area of interest for investors and real estate agents. Such financial dynamics could also impact decisions for those considering moving to or developing property in the region.
Cost of Living in Rockwall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,252 | $1,484 | $1,722 | $1,754 | $1,476 |
| 1 adult 4 children | $2,252 | $1,212 | $1,315 | $1,754 | $1,656 |
| 2 adults 3 children | $2,252 | $1,212 | $1,495 | $1,754 | $1,260 |
| 1 adult 3 children | $2,252 | $990 | $1,088 | $1,754 | $1,422 |
| 2 adults 2 children | $1,787 | $992 | $1,267 | $1,526 | $989 |
| 1 adult 2 children | $1,787 | $741 | $861 | $1,526 | $1,069 |
| 2 adults 1 child | $1,787 | $784 | $1,040 | $786 | $880 |
| 1 adult 1 child | $1,787 | $507 | $634 | $786 | $842 |
| 2 adults | $1,514 | $630 | $813 | $0 | $737 |
| 1 adult | $1,438 | $344 | $407 | $0 | $664 |
Safety trends & Data
Rockwall County, Texas has seen variable trends in property crimes over the past five years, with larceny-theft consistently topping the charts. While 2022 saw a significant spike in burglary and motor vehicle theft incidents, vandalism and fraud remained relatively stable, and embezzlement even saw a notable decline. These shifts could suggest changing criminal activities and may imply the need for varied preventive measures. This data could be crucial for investors, real estate agents,... Read more
Property Crime Trends in Rockwall County, TX Over the Last 5 Years
Over the past five years, Rockwall County, Texas has seen variable trends in property crimes, with larceny-theft consistently remaining the highest among reported incidents. Interestingly, 2022 witnessed a significant spike in burglary and motor vehicle theft incidents as compared to previous years. Vandalism and fraud figures appeared relatively stable, while embezzlement experienced a notable decline. Overall, these changes possibly indicate shifts in criminal focus and opportunities, suggesting differing preventive and enforcement strategies might be required for various types of property crime. This information could be critical for investors, real estate agents, and insurers assessing risk, as well as prospective residents considering the safety and security of the area.
Demographics
Rockwall County, Texas, exhibits a nearly equal gender distribution, with a slight female majority. Education levels are diverse, though a significant portion of adults have pursued higher education, particularly bachelor's degrees. The age distribution reveals a predominantly younger population, notably in the 35 to 44 age range, suggesting a probable focus on family-oriented amenities. The racial makeup is predominantly white, but there's a small yet noticeable representation from various... Read more
Race Distribution in Rockwall County, Texas (2022)
Educational Attainment in Rockwall County, Texas (2022)
Age Distribution in Rockwall County, Texas
Citizen Population in Rockwall County, Texas (2022)
Political Trends & Data
Rockwall County, Texas, demonstrated a significant Republican leaning in the 2020 U.S. Presidential Election, with Republicans potentially securing around 68% of the vote. The Democratic party trailed, possibly garnering about 30%. Libertarian and Green party votes were minimal, with roughly 1% and slightly over 0.2% respectively. This distribution could highlight a conservative stronghold with limited impact from smaller... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Rockwall County, Texas, showed a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with Republicans potentially securing around 68% of the vote. The Democratic party trailed behind significantly, possibly garnering about 30% of the vote. Votes for Libertarian and Green parties were minimal, each attracting roughly 1% and slightly over 0.2% respectively, while other parties combined likely garnered less than 0.1%. This distribution might suggest a conservative stronghold with limited influence from smaller parties.
68.15% of voters voted for the Republican party in the 2020 Presidential Election
30.45% of voters voted for the Democrat party in the 2020 Presidential Election
1.13% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Rockwall County, Texas, maintains a student-teacher ratio that hovers near the national average of 14:1, fluctuating between approximately 14.7 and 15.7 over the past decade. This consistency in balanced class sizes can attract families prioritizing education, potentially boosting property desirability. Real estate agents and appraisers may find this information useful when marketing properties or planning new developments in this... Read more
Student-to-teacher ratio in Rockwall County, Texas over the last 10 years
Over the past decade, the student-to-teacher ratio in Rockwall County, Texas has fluctuated between about 14.7 and 15.7. This is consistently hovering around the national average of 14 students per teacher, sometimes just above and sometimes just below. This slight variation may indicate that the county is managing relatively balanced class sizes, which can be a key point for educators, parents, and investors to consider. Smaller class sizes can enhance individual attention to students, potentially leading to better educational outcomes, which can make properties in this area more desirable and potentially affect housing prices and desirability for families looking to move to the area. For real estate agents, appraisers, and those in the construction industry, understanding that Rockwall County maintains a relatively average student-to-teacher ratio could be useful for targeting their services and promotions.
