Rusk County Real Estate and Livability Trends
Rusk County, Texas, appears to be experiencing a general upward trend in both average taxable income and median home values, suggesting a growing local economy with home values rising from $101,400 in 2015 to $148,100 in 2022. Fluctuations in real estate taxes, which have more than doubled over the past decade to $5,124.29 per return by 2021, indicate either increasing property valuations or... Read more
Rusk County Market Trends
Rusk County, Texas, has seen consistent growth in median home values, now at $148,100 in 2022 from $101,400 in 2015, offering an affordable alternative to pricier Texas and national markets. Residential energy tax credits have fluctuated significantly, peaking at $2,126.09 in 2018, signaling robust incentives for energy-efficient investments. Real estate taxes have more than doubled over the last... Read more
Median Value of Occupied Housing Units in Rusk County, Texas Over the Last 8 Years
Rusk County, Texas has seen steady growth in median home values over the past eight years, with figures rising from $101,400 in 2015 to $148,100 in 2022. Compared to the state of Texas, where median home values increased from $136,000 to $238,000 in the same period, Rusk County offers more affordable housing options. Nationally, the rise from $125,500 to $179,400 suggests that Rusk County homes remain competitively priced. This trend indicates a potentially lucrative market for investors and an appealing option for homebuyers seeking lower property costs.
Residential Energy Tax Credit Per Tax Return in Rusk County, TX Over the Last 9 Years
Residential energy tax credits in Rusk County, Texas, have seen significant fluctuations over the past nine years, peaking at $2,126.09 per return in 2018 and maintaining generally higher values since 2015. The noticeable increases suggest a growing incentive for energy-efficient investments, potentially making the county more appealing to environmentally conscious investors, builders, and homeowners. This trend may also result in higher property appraisals and influence insurance landscapes as energy-efficient homes could present lower risks. Real estate agents could leverage this data to attract buyers focusing on long-term energy savings.
Average Real Estate Taxes Per Tax Return in Rusk County, TX Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Rusk County, Texas, have seen a steady increase from approximately $2,544.92 in 2012 to about $5,124.29 in 2021. Remarkably, there's a notable spike post-2017, suggesting a potentially accelerating valuation in property or escalating tax rates. This pattern could imply higher holding costs for property owners and should be a key consideration for investors, builders, and insurance agents assessing long-term expenses. Real estate agents and those planning to move to the area might find the rising tax trend indicative of evolving local economic conditions and property market dynamics.
Percentage of Farm Returns in Rusk County, TX Over the Last 10 Years
Farm tax returns in Rusk County, Texas, reflect income reported from agricultural production such as crops or livestock, essential in gauging the local agrarian economy's health. Over the past decade, the percentage of farm returns has slightly fluctuated but generally remained around 7.1% to 7.7%. Notable dips like in 2020 might suggest temporary agricultural setbacks, while slight increases, peaking at 7.71% in 2019, could indicate periods of agricultural prosperity or effective farming practices. This information can be quite valuable for potential investors, residents, or developers, offering a glimpse into the stability and potential of investment in Rusk County's farming sector.
Number of Mortgages by Occupancy Type in Rusk County, TX Over the Last 5 Years in Rusk County
Rusk County, Texas has seen varied shifts in mortgage counts across different occupancy types over the past five years. Investment Property mortgages have been relatively stable, though slightly declining recently. Principal Residence mortgages peaked notably in 2021 at 2,186 but dropped to 1,657 by 2022. Second Residence mortgages have remained low and stable. These trends suggest nuanced dynamics in local preferences and economic conditions. For those looking to invest, understanding these variations in mortgage types can highlight shifts in demand and potential profitability. Appraisers and insurance agents can better assess property values and risks knowing the predominant occupancy types, while real estate agents can tailor their strategies based on prevalent buyer interests. Potential residents should consider the implications on community composition and amenities.
Economic Outlook
Rusk County, Texas, has seen a general upward trend in average taxable income per tax return, rising from $50,179.46 in 2013 to $59,928.36 in 2021, especially from 2018 to 2021. Average state and local income taxes have fluctuated, peaking at $9,237.50 in 2020 but showing variability that might reflect changing economic conditions or policy shifts. The average total tax liability per return has oscillated between $7,860.68 and $8,874.13 over the past decade, with notable increases in 2014 and... Read more
Average Taxable Income per Tax Return in Rusk County, TX over the last 9 years
Rusk County, Texas has seen a general upward trend in average taxable income per tax return over the last nine years, with occasional fluctuations. Notably, average incomes increased from $50,179.46 in 2013 to $59,928.36 in 2021. The highest growth occurred between 2018 and 2021, indicating potential economic improvements or shifts in local industries. For investors and real estate agents, this upward trajectory suggests a potentially growing local economy and increasing affluence, which might influence property values and market dynamics. Appraisers and insurance agents may also find this data useful in assessing property values and associated risks.
Average State and Local Income Taxes Per Tax Return in Rusk County, TX Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Rusk County, Texas, have shown notable fluctuations. While there was a substantial peak in 2020 at $9237.50, years like 2013 and 2017 saw relatively lower figures around $3515.00 and $3548.00 respectively. These variable trends could signal changing economic conditions or policy shifts that might interest potential investors and real estate developers in assessing the region's financial landscape. The sharp increase in 2018 and the significant drop post-2020 might also hint at external factors influencing local tax policies or resident earnings.
Average Total Tax Liability Per Tax Return in Rusk County, TX Over the Last 10 Years
Over the past decade, Rusk County, Texas has experienced some fluctuations in average total tax liability per tax return, oscillating between approximately $7,860.68 and $8,874.13. Notable increases were seen in 2014 and 2021, suggesting periods of either local economic growth or changes in tax policy that could impact residents and businesses. For potential investors and real estate agents, understanding these trends can provide insights into the county’s economic environment. Appraisors and insurance agents should consider these figures when assessing property values and risks associated with living or investing in the area.
Cost of Living in Rusk County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,153 | $1,259 | $1,710 | $1,252 | $770 |
| 1 adult 4 children | $1,153 | $1,028 | $1,306 | $1,252 | $861 |
| 2 adults 3 children | $1,153 | $1,028 | $1,485 | $1,252 | $616 |
| 1 adult 3 children | $1,153 | $839 | $1,081 | $1,252 | $668 |
| 2 adults 2 children | $917 | $842 | $1,259 | $1,088 | $572 |
| 1 adult 2 children | $917 | $629 | $855 | $1,088 | $510 |
| 2 adults 1 child | $917 | $665 | $1,034 | $557 | $551 |
| 1 adult 1 child | $917 | $430 | $630 | $557 | $466 |
| 2 adults | $697 | $534 | $808 | $0 | $482 |
| 1 adult | $692 | $292 | $404 | $0 | $439 |
Safety trends & Data
Rusk County, Texas, has shown quite the rollercoaster of property crime trends over the past five years. For instance, burglary spiked significantly in 2019 but then trended downwards, while larceny-theft stayed high until dropping in 2022. Motor vehicle thefts were erratic, doubling in 2020 but then stabilizing. Interestingly, issues like arson and fraud never showed up in significant numbers, suggesting they might not be major concerns here. Understanding these shifts is key for anyone... Read more
Property Crime Trends in Rusk County, TX Over the Last 5 Years
Over the past five years, Rusk County, Texas, has experienced notable fluctuations in property crime trends. While burglary incidents saw a significant increase in 2019, they generally exhibited a downward trajectory thereafter. Larceny-theft remained relatively high from 2018 to 2021 but saw a notable decline in 2022. Motor vehicle thefts appeared somewhat sporadic but doubled in 2020 before returning to lower levels. Interestingly, certain crime categories like arson, counterfeiting, and fraud never reached particularly high numbers, suggesting these issues might be less prevalent in the area. For investors, real estate professionals, and residents, understanding these nuanced trends is critical for making informed decisions about property security and valuation in Rusk County.
Demographics
Rusk County, Texas showcases interesting demographic dynamics with a slight male majority among adults and a varied age distribution, hinting at a balanced mix of age groups. Educational attainment remains diverse, yet a significant portion of the population stops at high school graduation or some college without a degree. This suggests potential opportunities for higher education initiatives. Racial composition is predominantly White, with notable Black or African American communities, while... Read more
Race Distribution in Rusk County, Texas (2022)
Educational Attainment in Rusk County, Texas (2022)
Age Distribution in Rusk County, Texas
Citizen Population in Rusk County, Texas (2022)
Political Trends & Data
Rusk County, Texas, potentially leans heavily conservative, as suggested by the 2020 U.S. Presidential Election results where Republican candidates might have secured around 77% of the vote. Democratic candidates likely garnered about 22%, with other parties like Libertarian and Green collectively making up a small fraction. This political landscape hints at broader conservative trends in similar Texas counties, possibly impacting local policy and economic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Rusk County, Texas, the 2020 U.S. Presidential Election results showed a strong tendency towards Republican candidates, who might have secured around 77% of the vote. Democratic candidates, on the other hand, potentially garnered about 22%, with other parties like Libertarian and Green collectively making up a small fraction of the total. This suggests Rusk County leans heavily conservative, which could be indicative of broader political trends in similar Texas counties.
77.34% of voters voted for the Republican party in the 2020 Presidential Election
21.65% of voters voted for the Democrat party in the 2020 Presidential Election
0.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% 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
Rusk County, Texas boasts a student-teacher ratio fluctuating between 12 and 14 over the past decade, closely mirroring the national average of 14 students per teacher. This stable ratio might appeal to families seeking a quality educational environment, hinting at less crowded classrooms. For investors and real estate agents, it suggests potentially strong community investment in education, adding value to properties in the area. This trend could also indicate a balanced and supportive setting... Read more
Student-to-teacher ratio in Rusk County, Texas over the last 10 years
Rusk County, Texas has seen its student-to-teacher ratio fluctuate between approximately 12 and 14 over the past decade, closely aligning with the national average of fourteen students per teacher. This relatively stable ratio suggests a moderately favorable classroom environment, which may appeal to families prioritizing education. Investors and real estate agents could find this a selling point, hinting at potentially less crowded classrooms compared to other areas. Appraisers and insurance agents might infer a steady community investment in school resources, making properties in this region possibly more attractive. For those considering building or moving, this trend could indicate a balanced and supportive educational setting.
