San Patricio County Real Estate and Livability Trends
San Patricio County, Texas, is experiencing notable trends that could shape its real estate market. The median home values have nearly doubled from $95,000 in 2015 to $163,900 in 2022, which surpasses state and national averages. A significant rise in residential energy tax credits per tax return, from $527.37 in 2013 to $2,707.95 by 2021, suggests a boom in energy-efficient home improvements.... Read more
San Patricio County Market Trends
San Patricio County's median home values have almost doubled in the past seven years, jumping from $95,000 in 2015 to $163,900 in 2022, which outpaces both Texas and national trends. Residential energy tax credits per tax return skyrocketed from $527.37 in 2013 to $2,707.95 by 2021, signaling a possible surge in energy-efficient home improvements. Real estate taxes have increased from $3,736.21... Read more
Median Value of Occupied Housing Units in San Patricio County, Texas Over the Last 8 Years
San Patricio County's median home values have seen a substantial increase, almost doubling from $95,000 in 2015 to $163,900 in 2022. This growth rate in the county exceeds both the state of Texas and the national trends. While Texas saw a rise from $136,000 to $238,000 over the same period, and the national median moved from $125,500 to $179,400, San Patricio County's market offers unique opportunities for investors and homebuyers looking for significant appreciation potential in a relatively affordable market.
Residential Energy Tax Credit Per Tax Return in San Patricio County, TX Over the Last 9 Years
Residential energy tax credits per tax return in San Patricio County, Texas, have shown a significant upward trend over the last nine years. Starting at approximately $527.37 in 2013, the average credit spiked dramatically to over $2,707.95 by 2021. This increase may indicate a growing investment in energy-efficient home improvements and renewable energy installations in the area, potentially making San Patricio County an attractive location for real estate investors, home buyers, and insurers focused on energy-saving properties. Such trends could also hint at evolving local policy incentives or rising energy costs, urging residents to seek financial relief through tax credits.
Average Real Estate Taxes Per Tax Return in San Patricio County, TX Over the Last 10 Years
Real estate taxes in San Patricio County, Texas show a notable upward trend over the past decade, rising from approximately $3,736.21 per tax return in 2012 to around $6,405.41 by 2021. This gradual increase suggests a growing fiscal demand on property owners, which could impact housing affordability and investment prospects in the area. Real estate professionals, appraisers, and potential investors might find this data crucial in evaluating future market stability, as well as in projecting the fiscal attractiveness of the county. Additionally, potential homeowners should consider these rising taxes when planning long-term financial commitments in the region.
Percentage of Farm Returns in San Patricio County, TX Over the Last 10 Years
In San Patricio County, Texas, the percentage of farm tax returns has seen a gradual decline over the past decade, dropping from roughly 2.62% in 2012 to around 2.06% in 2021. Farm tax returns are essential as they reflect the financial health of the agricultural sector in the county. A decrease could suggest fewer farming operations or a shift in land use, signaling potential opportunities for investors interested in alternative land developments or adaptive reuse of agricultural properties. This trend might be critical for those looking to understand economic shifts or considering property investments in the area.
Number of Mortgages by Occupancy Type in San Patricio County, TX Over the Last 5 Years in San Patricio County
Recent trends in San Patricio County, Texas indicate a notable focus on principal residences, with mortgage counts for this occupancy type surpassing those of investment properties and second residences significantly. Over the past five years, there's been a steady increase in mortgages for principal residences, peaking in 2021, which could suggest a higher demand for stable, long-term housing. On the other hand, investment property mortgages also saw an uptick, albeit more modestly, hinting at a growing interest in real estate investment opportunities. These shifts might appeal to investors and new residents alike, offering clues about the market's stability and growth potential. For appraisers and insurance agents, understanding these dynamics can be crucial for accurate assessments and policy pricing. Real estate agents might find these trends useful to guide clients with data-driven insights about where the market is heading, while developers and builders could tailor their projects to meet the dominating preference for principal residences.
Economic Outlook
San Patricio County, Texas, has seen consistent growth in average taxable income per tax return, jumping from $57,854.10 in 2020 to $62,580.59 in 2021. This upward trend could mean a stronger local economy and an influx of higher-income earners, making the area more attractive for real estate ventures. However, fluctuations in state and local income taxes, reaching over $5,100.00 by 2020, and variable total tax liabilities, show a complex financial landscape that potential investors need to... Read more
Average Taxable Income per Tax Return in San Patricio County, TX over the last 9 years
San Patricio County, Texas has seen fluctuations in average taxable income per tax return from 2013 to 2021. The trend shows notable income growth, with the most significant increase happening between 2020 and 2021, where it jumped from $57,854.10 to $62,580.59. This increasing trend could suggest economic growth or a rise in higher-income earners, making the area potentially more attractive for investors and real estate agents. For insurance agents and appraisers, this rise in taxable income may imply an uptick in property valuations and premiums. Builders might find the county ripe for new developments due to an expanding affluent population.
Average State and Local Income Taxes Per Tax Return in San Patricio County, TX Over the Last 10 Years
San Patricio County, Texas has seen fluctuations in average state and local income taxes per tax return over the past decade, with notable highs in recent years. The average jumped from approximately $4,033.33 in 2012 to over $5,100.00 by 2020, which may affect financial planning for potential investors and homeowners. This variability in tax burden potentially influences the overall appeal of the area for property development and real estate investment. The increase in 2020 and relatively stable high in 2021 might be relevant for insurance agents and appraisers as it indicates a trend towards rising costs that could impact property valuations and insurance premiums.
Average Total Tax Liability Per Tax Return in San Patricio County, TX Over the Last 10 Years
San Patricio County, Texas has seen fluctuating tax liabilities over the last decade, with a peak at approximately $9,579.59 in 2014 and a low around $8,021.95 in 2016. The most recent year, 2021, reflects an increase to about $9,205.45, indicating a potential upward trend. For investors and potential residents, this variation in tax liability could be a key factor in financial and development planning, affecting affordability and long-term investment returns. Real estate agents and appraisers might find these trends significant when evaluating property values and market conditions in the area.
Cost of Living in San Patricio County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,698 | $1,291 | $1,859 | $1,491 | $1,075 |
| 1 adult 4 children | $1,698 | $1,054 | $1,421 | $1,491 | $1,237 |
| 2 adults 3 children | $1,698 | $1,055 | $1,614 | $1,491 | $902 |
| 1 adult 3 children | $1,698 | $861 | $1,175 | $1,491 | $1,033 |
| 2 adults 2 children | $1,301 | $863 | $1,368 | $1,297 | $741 |
| 1 adult 2 children | $1,301 | $645 | $930 | $1,297 | $745 |
| 2 adults 1 child | $1,301 | $682 | $1,122 | $668 | $707 |
| 1 adult 1 child | $1,301 | $441 | $684 | $668 | $600 |
| 2 adults | $1,066 | $548 | $876 | $0 | $590 |
| 1 adult | $980 | $299 | $438 | $0 | $516 |
Safety trends & Data
San Patricio County, Texas has seen fluctuating property crime trends over the past five years, with larceny-theft decreasing from 236 incidents in 2018 to 90 in 2022. Burglary spiked to 57 in 2019 but dropped to 31 by 2022. Forgery and counterfeiting saw a peak of 32 incidents in 2018, falling drastically to just 1 by 2021. These shifts could influence property values and insurance... Read more
Property Crime Trends in San Patricio County, TX Over the Last 5 Years
San Patricio County, Texas has seen varying trends in property crime over the last five years. Larceny - Theft remains the most frequent crime, despite a notable decrease from 236 incidents in 2018 to 90 in 2022. Burglary numbers spiked to 57 in 2019 but dropped back to 31 by 2022. Interestingly, incidents of Forgery and Counterfeiting saw a significant decline, peaking at 32 in 2018 and falling to just 1 in 2021. While some crime categories, such as Vandalism, remained relatively stable, fluctuations in other areas suggest shifting local dynamics that could impact property values and insurance rates.
Demographics
San Patricio County, Texas shows a nearly equal gender split in its adult population, suggesting a balanced community demographic. Educational attainment indicates a substantial portion of the population has only reached a high school diploma or some college without obtaining a degree, potentially impacting local workforce qualifications. The age distribution highlights a growing population under 10 years and a significant portion between 25 to 34 years, implying a youthful, potentially... Read more
Race Distribution in San Patricio County, Texas (2022)
Educational Attainment in San Patricio County, Texas (2022)
Age Distribution in San Patricio County, Texas
Citizen Population in San Patricio County, Texas (2022)
Political Trends & Data
San Patricio County, Texas, appears to lean significantly Republican, with about 64% of votes going to the Republican candidate in the 2020 U.S. Presidential Election. The Democratic vote share was considerably lower at roughly 35%. Minor parties like the Libertarian and Green parties likely captured minimal shares, around 1% and 0.4% respectively. This political trend might offer insights into wider regional dynamics and could impact local policy and development priorities, potentially... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
San Patricio County in Texas appears to lean significantly Republican, with around 64% of votes potentially going to the Republican candidate in the 2020 U.S. Presidential Election. The Democratic vote share seems considerably lower at approximately 35%. Minor parties like the Libertarian and Green parties likely capture a minimal share, around 1% and 0.4% respectively, with other parties contributing negligibly. This trend may reflect broader political dynamics within the county and contribute to understanding regional political leanings.
63.79% of voters voted for the Republican party in the 2020 Presidential Election
34.71% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Green party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
San Patricio County, Texas has seen its student-to-teacher ratio dip from around 15 students per teacher in 2014 to approximately 13.64 in 2022, before rising slightly. This trend suggests a potentially favorable education environment, which could drive housing demand. A lower ratio may signal better individual attention for students, making the area appealing for families and boosting property values. The current ratio of 14.45 remains slightly above the national average, still hinting at... Read more
Student-to-teacher ratio in San Patricio County, Texas over the last 10 years
San Patricio County, Texas has seen fluctuations in its student-to-teacher ratio over the past decade, dipping from a high of around 15 students per teacher in 2014 to a low of approximately 13.64 in 2022, before slightly rising again. This trend offers significant insights for stakeholders. For real estate agents and investors, a lower student-to-teacher ratio can e suggest a more favorable education environment, potentially driving demand for housing in the area. Insurance agents and appraisers might also take note, as improving school environments can impact local demographics and property values. For families and residents, particularly those moving to the area, the current ratio of 14.45, which is slightly above the national average, could still be appealing as it suggests manageable class sizes and possibly better individual attention for students.
