Runnels County Real Estate and Livability Trends
Runnels County, Texas exhibits intriguing economic trends with average taxable income per tax return rising from approximately $45,500 in 2013 to nearly $57,718 by 2021, alongside fluctuating tax liabilities. The jump in median home values from $70,000.00 in 2015 to $89,700.00 in 2022 suggests increasing property values, which could be influenced by higher property taxes and residential energy... Read more
Runnels County Market Trends
Median home values in Runnels County, Texas rose modestly from $70,000.00 in 2015 to $89,700.00 in 2022, making the area potentially appealing for affordable housing seekers. A recent spike in residential energy tax credits, reaching $2,650.00 by 2021, hints at increased incentives for green home improvements. Real estate taxes per tax return have also climbed significantly, peaking at $4,887.50... Read more
Median Value of Occupied Housing Units in Runnels County, Texas Over the Last 8 Years
Over the past eight years, median home values in Runnels County, Texas have experienced a steady increase from $70,000.00 in 2015 to $89,700.00 in 2022. Compared to both Texas and national trends, Runnels County's growth in home values appears modest, with statewide medians jumping from $136,000.00 to $238,000.00 and national medians rising from $125,500.00 to $179,400.00 within the same period. This more gradual climb in Runnels County could suggest a comparatively more affordable housing market, which might be appealing for prospective homebuyers or investors seeking lower entry costs in Texas.
Residential Energy Tax Credit Per Tax Return in Runnels County, TX Over the Last 6 Years
Runnels County, Texas has seen a fluctuating trend in average residential energy tax credits per tax return over the past six years. Starting at $320.00 in 2013, there were notable decreases in 2014 and 2016, with values hitting lows of $240.00 and $200.00 respectively. The year 2020 saw a significant jump to $650.00, and an even more impressive leap to $2,650.00 in 2021. This suggests growing incentives for energy-efficient home improvements, making it an appealing consideration for investors, builders, and homeowners interested in sustainable living and potential financial benefits.
Average Real Estate Taxes Per Tax Return in Runnels County, TX Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Runnels County, Texas have generally been on the rise. Starting from $2,671.79 in 2012, there's been a noticeable upward trend peaking at $4,887.50 in 2020. Spikes, especially between 2017 to 2020, suggest significant valuation increases or policy changes impacting property tax assessments. This matters for investors, potential residents, and real estate stakeholders who should account for potentially increasing property tax liabilities when evaluating property in this county.
Percentage of Farm Returns in Runnels County, TX Over the Last 10 Years
Runnels County, Texas has seen a fluctuating trend in farm returns over the last decade, generally hovering around 14-15%. Farm tax returns, which reflect agricultural revenue filing, peaked at 15.15% in 2012 and dropped to their lowest at 13.17% in 2020. This data can hint at variable economic conditions and possibly shifting agricultural productivity or land use in the region. For investors, prospective residents, and those interested in agricultural developments, these numbers might suggest a cautiously optimistic environment that merits further investigation.
Number of Mortgages by Occupancy Type in Runnels County, TX Over the Last 5 Years in Runnels County
Runnels County, Texas, has shown a consistent preference for principal residences with an average significantly higher number of mortgages compared to other occupancy types over the past five years. While principal residence mortgages saw a peak in 2020 at 278, there was a slight decline by 2022 to 199. Investment properties and second residences, on the other hand, have maintained relatively low but stable numbers. These trends suggest a robust owner-occupant market, important for investors seeking stable, long-term tenants and for real estate agents focusing on family-centric marketing. Appraisers and insurance agents can derive that risk profiles and property values tend to be more stable with higher principal residence occupancy, often reflecting a community-centric environment.
Economic Outlook
Over the past nine years, Runnels County, Texas has seen the average taxable income per tax return increase from around $45,500 in 2013 to nearly $57,718 in 2021, indicating potential economic growth and higher earnings among residents. Concurrently, the average total tax liability per tax return fluctuated, peaking at $7,417.68 in 2015, dipping in 2016, and then rising to $8,393.26 by 2021. These trends could influence property values, investment opportunities, and insurance calculations,... Read more
Average Taxable Income per Tax Return in Runnels County, TX over the last 9 years
Over the past nine years, average taxable income per tax return in Runnels County, Texas has generally increased. Starting from around $45,500 in 2013, there was a dip in 2016 where it fell to approximately $43,124. However, from 2017 onwards, a consistent rise is observable, peaking at nearly $57,718 in 2021. This trend could possibly indicate economic growth or increased earnings among residents, which may influence property values, investment opportunities, and insurance calculations. For potential investors, appraisors, and those looking to relocate or build in Runnels County, these insights are quite valuable, hinting at a possibly more affluent local economy over recent years.
Average Total Tax Liability Per Tax Return in Runnels County, TX Over the Last 10 Years
Over the last decade, Runnels County, Texas has seen fluctuations in the average total tax liability per tax return, reflecting broader economic trends and potential policy changes. From a peak at $7,417.68 in 2015, the tax liability dipped to $6,389.62 in 2016 before rising steadily to $8,393.26 by 2021. For prospective investors, real estate agents, and insurers, this trend suggests a gradually increasing financial burden on residents, possibly linked to rising property values or economic growth in the area. These figures are crucial for strategic planning in housing markets, insurance assessments, and long-term investments.
Cost of Living in Runnels County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,082 | $1,299 | $2,155 | $1,062 | $826 |
| 1 adult 4 children | $1,082 | $1,061 | $1,651 | $1,062 | $898 |
| 2 adults 3 children | $1,082 | $1,061 | $1,869 | $1,062 | $651 |
| 1 adult 3 children | $1,082 | $866 | $1,364 | $1,062 | $656 |
| 2 adults 2 children | $889 | $869 | $1,582 | $928 | $590 |
| 1 adult 2 children | $889 | $649 | $1,078 | $928 | $525 |
| 2 adults 1 child | $889 | $687 | $1,295 | $495 | $590 |
| 1 adult 1 child | $889 | $443 | $791 | $495 | $483 |
| 2 adults | $675 | $552 | $1,009 | $0 | $520 |
| 1 adult | $670 | $301 | $504 | $0 | $457 |
Safety trends & Data
In Runnels County, Texas, property crime has generally been on a decline over the past five years. Burglary, a notable issue in 2018 with eight cases, has since decreased significantly. Instances of larceny-theft, motor vehicle theft, and forgery have remained low, ranging around one or two cases per year. However, vandalism has shown persistence, albeit at low levels. These crime trends might be of interest to investors, insurance agents, and real estate professionals focused on community... Read more
Property Crime Trends in Runnels County, TX Over the Last 5 Years
Over the past five years in Runnels County, Texas, property crime incidents have generally been on a downward trend. Burglary, a prominent concern in 2018 with eight recorded cases, significantly decreased in subsequent years. Instances of larceny-theft, motor vehicle theft, and forgery and counterfeiting have been relatively sporadic, each hovering around one or two cases annually. Notably, vandalism cases, while low, persisted each year, suggesting an ongoing, albeit minor, issue. These trends could be particularly relevant for potential investors, insurance agents, and real estate professionals who are closely monitoring community safety dynamics.
Demographics
In Runnels County, Texas, the gender ratio is nearly balanced with males slightly outnumbering females, indicating a fairly evenly distributed adult population. The county has a predominant White demographic, though there is some diversity present. Educational attainment shows a notable concentration of high school graduates and those with some college education, but college degree holders and those with graduate degrees appear to be fewer. Age distribution highlights a substantial proportion... Read more
Race Distribution in Runnels County, Texas (2022)
Educational Attainment in Runnels County, Texas (2022)
Age Distribution in Runnels County, Texas
Citizen Population in Runnels County, Texas (2022)
Political Trends & Data
Runnels County, Texas, displayed a strong Republican preference in the 2020 U.S. Presidential Election, with around 86% of votes cast for GOP candidates. Democrats captured about 12.5%, while minor parties like the Libertarian and Green Parties garnered less than 1% each. This trend might indicate a solid conservative foundation among the county's electorate, aligning with broader patterns in similar Texan... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Runnels County, Texas, saw a notable leaning towards Republican candidates in the 2020 U.S. Presidential Election, with approximately 86% of the votes. Democrats garnered around 12.5%, while Libertarians and Green Party candidates received less than 1% each. This significant skew suggests a strong Republican preference among voters in this county, reflective of broader trends observed in similar regions within Texas.
86.35% of voters voted for the Republican party in the 2020 Presidential Election
12.52% of voters voted for the Democrat party in the 2020 Presidential Election
0.88% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
School Data
Runnels County, Texas boasts a student-to-teacher ratio between 9 and 11, which is lower than the national average of 14. This smaller class size could mean more personalized attention for students and might be an appealing factor for families considering moving to the area. For investors and real estate agents, this could indicate a stable, attractive community, and for those looking to build, it suggests sustainable community growth and a strong commitment to... Read more
Student-to-teacher ratio in Runnels County, Texas over the last 10 years
Runnels County, Texas has consistently maintained a student-to-teacher ratio ranging from 9 to 11 over the past decade, which is notably lower than the national average of 14. This suggests that class sizes in the county are relatively small, potentially offering more personalized attention to students. For investors, real estate agents, or those considering moving to the county, this lower ratio might be a key selling point when evaluating the quality of local education. Appraisers and insurance agents might also find this trend valuable as it could correlate with community stability and the attractiveness of the area for families. Additionally, those looking to build property in Runnels County could view this as a favorable indicator of sustainable community growth and educational commitment.
