Shelby County Real Estate and Livability Trends
Shelby County, Texas, has shown notable fluctuations in average taxable income, peaking at $52,528.12 in 2018 and $56,399.32 in 2021, indicating potential economic resilience and investment appeal. Median home values surged from $75,100 in 2015 to $107,400 in 2022, suggesting undervalued real estate compared to broader markets. Despite a steep increase in real estate taxes from $2,320.35 in 2012... Read more
Shelby County Market Trends
Shelby County, Texas, has experienced a substantial increase in median home values, rising from $75,100 in 2015 to $107,400 in 2022, potentially highlighting undervalued investment opportunities compared to state and national figures. The county also shows a growing adoption of energy-efficient technologies, with residential energy tax credits peaking at $1,357.14 in 2019. Notably, real estate... Read more
Median Value of Occupied Housing Units in Shelby County, Texas Over the Last 8 Years
Over the past eight years, Shelby County, Texas, has seen a significant rise in median home values, with a jump from $75,100 in 2015 to $107,400 in 2022. This growth trend is quite remarkable compared to both Texas and the national figures, which have also seen increases but started from much higher baselines. In 2022, Texas reported a median home value of $238,000, and the national median hit $179,400. These figures suggest that Shelby County might still offer undervalued opportunities for those looking to invest or move, despite its recent upward trajectory.
Residential Energy Tax Credit Per Tax Return in Shelby County, TX Over the Last 9 Years
Shelby County, Texas has seen a notable upward trend in the average residential energy tax credit per tax return over the past nine years, reaching peaks of $1,200.00 in 2018 and $1,357.14 in 2019. This likely indicates a growing investment in energy-efficient home improvements within the county. For potential investors, property developers, or real estate professionals, this suggests there might be a rising local awareness and adoption of energy-efficient technologies. Homeowners could find this trend beneficial for resale value, while insurance agents might need to consider these upgrades when evaluating property coverage.
Average Real Estate Taxes Per Tax Return in Shelby County, TX Over the Last 10 Years
Shelby County, Texas has seen a notable increase in average real estate taxes per tax return over the past decade. In 2012, the average tax was around $2,320.35 but saw a sharp increase by 2018, reaching approximately $3,975.86. By 2020, this figure spiked significantly to about $4,695.45. Such a trend may reflect rising property values, changes in tax rates, or increased public services. This information is critical for prospective investors, homebuyers, appraisers, insurance agents, and real estate agents to understand the evolving financial landscape in Shelby County.
Percentage of Farm Returns in Shelby County, TX Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Shelby County, Texas has shown a slight decline from 10.33% in 2012 to a low of 9.41% in 2020, with a small uptick to 10.01% in 2021. This trend might suggest a gradual decrease in the number of farms or their profitability in the region. Farm tax returns reflect the financial filings by agricultural businesses, which may offer insights into the economic health of farming activities in the area. This data could be valuable for investors, potential residents, and developers interested in understanding the agricultural landscape and economic stability in Shelby County.
Number of Mortgages by Occupancy Type in Shelby County, TX Over the Last 5 Years in Shelby County
Shelby County, Texas, has seen a consistent dominance in mortgages for Principal Residences over the last five years, significantly outpacing Investment and Second Residences. The data shows fluctuations with notable peaks in 2021 for Principal Residences at 729 and a subsequent dip in 2022 to 683. Investment Properties and Second Residences have maintained relatively low and stable counts, with minor increases and decreases, suggesting a stable but less speculative market. For potential investors, this trend indicates a steady demand for homes primarily driven by owner-occupants rather than speculative investments, which could imply lower volatility in property values. Real estate agents and developers might find opportunities in catering more heavily to primary homeowners due to the consistent demand. For appraisers and insurance agents, understanding this composition can help fine-tune risk assessments and property valuations.
Economic Outlook
Shelby County, Texas has witnessed considerable ups and downs in average taxable income per tax return, with notable peaks at $52,528.12 in 2018 and $56,399.32 in 2021. These trends, despite occasional downturns, indicate a generally resilient local economy, hinting at lucrative investment opportunities. Shelby County’s state and local income tax levels have also varied, hitting a high of $9,575.00 in 2019 and plummeting to $3,316.67 in 2017, reflecting shifting economic conditions and tax... Read more
Average Taxable Income per Tax Return in Shelby County, TX over the last 9 years
Shelby County, Texas has seen notable fluctuations in average taxable income per tax return over the past nine years, with a general upward trend. In 2018 and 2021, significant jumps to $52,528.12 and $56,399.32 respectively indicate economic growth or prosperous conditions, making these years stand out as potentially lucrative periods. Despite some downturns, like in 2016 with an average income of $42,073.55, the overall increase suggests a resilient local economy which might appeal to investors and real estate agents seeking promising market opportunities. Higher taxable incomes also hint at stronger purchasing power, vital information for insurance agents and property developers considering this region.
Average State and Local Income Taxes Per Tax Return in Shelby County, TX Over the Last 10 Years
Over the past decade, Shelby County, Texas has experienced significant fluctuations in average state and local income taxes per tax return, peaking at $9,575.00 in 2019 and dropping to a low of $3,316.67 in 2017. These variations could be indicative of changing economic conditions and tax policies within the state. The recent years have shown high tax values, suggesting a trend that investors, property developers, and others should keep an eye on when considering financial commitments in this region.
Average Total Tax Liability Per Tax Return in Shelby County, TX Over the Last 10 Years
Over the past decade, Shelby County, Texas has seen notable fluctuations in average total tax liability per tax return. In 2012, it was around $9,675.00 but dropped to approximately $6,519.82 by 2016. A subsequent rebound is evident with a rise to $8,638.54 in 2018, ending at $8,597.36 in 2021. These trends suggest potential variability in economic factors influencing tax liabilities, which could be crucial information for investors, real estate professionals, and those considering moving to the area.
Cost of Living in Shelby County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,283 | $1,859 | $1,068 | $787 |
| 1 adult 4 children | $1,174 | $1,048 | $1,422 | $1,068 | $870 |
| 2 adults 3 children | $1,174 | $1,048 | $1,613 | $1,068 | $624 |
| 1 adult 3 children | $1,174 | $856 | $1,176 | $1,068 | $641 |
| 2 adults 2 children | $826 | $858 | $1,367 | $933 | $531 |
| 1 adult 2 children | $826 | $641 | $930 | $933 | $468 |
| 2 adults 1 child | $826 | $678 | $1,120 | $493 | $539 |
| 1 adult 1 child | $826 | $438 | $683 | $493 | $444 |
| 2 adults | $698 | $545 | $874 | $0 | $500 |
| 1 adult | $623 | $297 | $437 | $0 | $429 |
Safety trends & Data
Shelby County, Texas has seen significant changes in its property crime rates over the past five years. Larceny-theft peaked at 60.00 incidents in 2018 but has since decreased to around 27.00-33.00 cases from 2020 onwards. Burglary arrests dropped dramatically from 13.00 in 2019-2020 to as low as 2.00 by 2022. Though less frequent, fraud and vandalism incidents have also shown some variability. These trends could be valuable for investors and property developers assessing the region's stability... Read more
Property Crime Trends in Shelby County, TX Over the Last 5 Years
Shelby County, Texas has experienced notable fluctuations in property crimes over the past five years. Larceny-theft consistently held the highest numbers, peaking at 60.0 incidents in 2018 and leveling off to around 27.0-33.0 cases from 2020 onwards. Interestingly, burglary arrests saw a reduction from 13.0 in 2019-2020 to as low as 2.0 by 2022. Despite infrequent incidents, fraud and vandalism have shown some variability with minor peaks. Investors and property developers might find value in these trends when evaluating the region's stability and risk factors.
Demographics
Shelby County, Texas, displays a somewhat balanced adult population between males and females, with a slight tilt towards females. The educational landscape is diverse but leans heavily towards high school graduates and those with some college experience, suggesting that higher education attainment might not be widespread. The age distribution highlights a reasonably even spread across various age groups, with noticeable population clusters among those under 10 and between 55 to 64 years.... Read more
Race Distribution in Shelby County, Texas (2022)
Educational Attainment in Shelby County, Texas (2022)
Age Distribution in Shelby County, Texas
Citizen Population in Shelby County, Texas (2022)
Political Trends & Data
In Shelby County, Texas, the real estate market might be influenced by the strong Republican presence suggested by the 2020 U.S. Presidential Election results. With Republicans potentially capturing around 79% of the vote, and Democrats earning just over 20%, the conservative values in the area could significantly impact property demand and development trends. This political leaning could attract buyers and investors with similar ideologies, which might shape the types of properties being... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Shelby County, Texas, the 2020 U.S. Presidential Election results might suggest a strong Republican presence, with Republicans potentially capturing around 79% of the vote. Democrats appeared to trail significantly with just over 20%, while third parties like Libertarians and Greens barely made a dent, each earning less than 1% of the total vote. This trend could be indicative of deeply entrenched conservative values in the county.
79.06% of voters voted for the Republican party in the 2020 Presidential Election
20.50% of voters voted for the Democrat party in the 2020 Presidential Election
0.37% of voters voted for the Livertarian party in the 2020 Presidential Election
0.04% of voters voted for the Green party in the 2020 Presidential Election
0.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
Shelby County, Texas has generally maintained a student-to-teacher ratio below the national average of 14 students per teacher over the last decade. However, 2023 experienced an alarming spike to 49 students per teacher. This significant shift suggests potential issues like staffing shortages or a rapid increase in student population, which could affect educational quality. Such changes are worth noting for potential investors, prospective residents, real estate agents, and education... Read more
Student-to-teacher ratio in Shelby County, Texas over the last 10 years
Shelby County, Texas has generally seen its student-to-teacher ratio hover in the low to mid teens over the last ten years, staying below the national average of 14 students per teacher. From 2014 to 2022, the ratio fluctuated relatively moderately, peaking at 13 students per teacher in 2018 and dipping as low as 12 in 2021. Interestingly, 2023 saw an alarming spike to 49 students per teacher, signaling potential issues such as staffing shortages or rapid increases in student population. This dramatic change could significantly impact the quality of education and should be a point of concern for potential investors, prospective residents, real estate agents, and education professionals in the area.
