Sherman County Real Estate and Livability Trends
Sherman County, Texas reveals a compelling real estate market where median home values have surged from $79,700 in 2015 to $108,100 in 2022, staying below state and national averages. Real estate tax variations saw a spike to $4,900 in 2020, then a drop to $2,900 in 2021, indicating changing financial expectations for homeowners. Stable farm tax returns and increased mortgages for primary... Read more
Sherman County Market Trends
Sherman County, Texas, reveals an intriguing real estate market with median home values rising from $79,700 in 2015 to $108,100 in 2022, still remaining below state and national averages. Real estate taxes, while showing volatility, spiked to $4,900 in 2020 but dropped to $2,900 in 2021, suggesting variable but increasing fiscal responsibilities for homeowners and investors. With a relatively... Read more
Median Value of Occupied Housing Units in Sherman County, Texas Over the Last 8 Years
Over the last 8 years, the median home values in Sherman County, Texas have shown a general upward trend, starting at $79,700 in 2015 and rising to $108,100 by 2022. Despite some fluctuations, these values remain significantly lower compared to the state average in Texas, where median home values increased from $136,000 in 2015 to $238,000 in 2022, and national values which rose from $125,500 to $179,400 in the same timeframe. This lower median home value in Sherman County may present attractive opportunities for potential investors looking for affordable real estate options in the Texas Panhandle.
Average Real Estate Taxes Per Tax Return in Sherman County, TX Over the Last 10 Years
Sherman County, Texas, has seen fluctuating real estate taxes over the past decade. Starting at approximately $2,518.18 in 2012, there was a noticeable peak in 2020 at around $4,900.00 before a sharp decline in 2021 to about $2,900.00. For those evaluating the area's investment potential, tax history suggests variable but generally increasing fiscal responsibilities, which may impact overall housing costs. This trend could be particularly intriguing for appraisers and insurance agents assessing property values and risks, as well as for potential homebuyers and real estate investors considering long-term expenses.
Percentage of Farm Returns in Sherman County, TX Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Sherman County, Texas, shows a generally stable trend with slight fluctuations. Values ranged from 11.86% in 2020 to 13.89% in 2017. This data provides insights into the agricultural landscape, indicating consistent farming activities despite minor year-to-year variations. For investors, developers, and potential residents, this stable agricultural economy might suggest reliability in rural land use and potential long-term viability for agribusiness.
Number of Mortgages by Occupancy Type in Sherman County, TX Over the Last 5 Years in Sherman County
Sherman County, Texas, has seen fluctuating numbers in mortgage counts for principal residences, second residences, and investment properties. The data indicates a notably higher mortgage count for principal residences, peaking in 2021, which might suggest a growing demand for permanent housing. This trend could signal stability for investors, local real estate agents, and appraisers who may see a more predictable housing market. Lower counts for investment and second residences might imply limited growth in rental markets or vacation homes, which could be a consideration for builders and insurance agents focused on risk assessment. Understanding these patterns can help tailor strategies for those looking to invest in or develop properties within the county.
Economic Outlook
In Sherman County, Texas, average taxable income per tax return has varied over the past nine years, jumping from $57,328.97 in 2013 to $61,603.70 in 2018, with a low at $50,370.64 in 2016. This variability suggests economic volatility, which may impact investment and appraisal decisions. Concurrently, the average total tax liability per return has generally decreased, from $12,089.33 in 2012 to $8,438.95 in 2021, hinting at possible economic shifts or tax policy changes that could affect... Read more
Average Taxable Income per Tax Return in Sherman County, TX over the last 9 years
In Sherman County, Texas, the average taxable income per tax return has shown varied patterns over the past nine years, with notable fluctuations. Starting at $57,328.97 in 2013, it dipped to its lowest at $50,370.64 in 2016 but rebounded significantly in 2018 to $61,603.70. There has been no consistent upward or downward trend, indicating potential economic volatility. This variable income landscape could influence investment decisions, property appraisals, and insurance considerations, requiring stakeholders to remain adaptable and informed.
Average Total Tax Liability Per Tax Return in Sherman County, TX Over the Last 10 Years
The average total tax liability per tax return in Sherman County, Texas has generally seen a downward trend over the last decade, starting at $12,089.33 in 2012 and reaching $8,438.95 in 2021. Significant drops occurred in 2014 with $9,580.49 and 2019 at $7,050.00, potentially signaling economic fluctuations or changes in tax policy. For prospective investors, real estate agents, and those considering a move to the area, these numbers might hint at evolving economic conditions and affordability factors in Sherman County.
Cost of Living in Sherman County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,255 | $1,948 | $1,242 | $884 |
| 1 adult 4 children | $1,174 | $1,025 | $1,491 | $1,242 | $996 |
| 2 adults 3 children | $1,174 | $1,025 | $1,689 | $1,242 | $717 |
| 1 adult 3 children | $1,174 | $837 | $1,232 | $1,242 | $790 |
| 2 adults 2 children | $826 | $839 | $1,431 | $1,084 | $617 |
| 1 adult 2 children | $826 | $627 | $974 | $1,084 | $576 |
| 2 adults 1 child | $826 | $663 | $1,173 | $572 | $607 |
| 1 adult 1 child | $826 | $428 | $715 | $572 | $497 |
| 2 adults | $658 | $533 | $914 | $0 | $524 |
| 1 adult | $623 | $291 | $457 | $0 | $462 |
Safety trends & Data
Sherman County, Texas saw varying property crime trends over the last three years, which may influence local investment strategies and insurance premiums. In 2018, larceny-theft led with 3 incidents, whereas fraud was at 2. The following year saw diverse crimes, including single instances of arson and embezzlement, yet forgery and counterfeiting peaked at 4, with fraud down to 1. By 2020, only 1 burglary was recorded. These fluctuations might inform real estate market nuances for potential... Read more
Property Crime Trends in Sherman County, TX Over the Last 3 Years
Sherman County, Texas has seen varying property crime trends over the last three years. In 2018, larceny-theft was slightly more common with a recorded 3 incidents, while fraud incidents were lower at 2. In 2019, the county experienced a single arson, burglary, and embezzlement case each, but noticed a higher number of forgery and counterfeiting offenses at 4, with fraud dropping to 1. By 2020, burglary was the only recorded property crime with 1 incident. These patterns suggest fluctuation in specific crime types, which could influence local investment strategies, property development, and insurance premiums, as well as inform real estate market nuances for potential buyers or current residents.
Demographics
Sherman County in Texas reveals some intriguing demographic trends in 2022. The male and female populations are almost equal, hinting at a balanced gender distribution. The educational attainment levels show a fairly high rate of high school graduates, but a noticeable number of residents have not completed high school, which might suggest the need for more educational support programs. Age distribution indicates a significant presence of middle-aged to older adults, which could impact... Read more
Race Distribution in Sherman County, Texas (2022)
Educational Attainment in Sherman County, Texas (2022)
Age Distribution in Sherman County, Texas
Citizen Population in Sherman County, Texas (2022)
Political Trends & Data
Sherman County, Texas, leans heavily Republican, with nearly 90% of the vote potentially going to the GOP in the 2020 U.S. Presidential Election. Democrats might have garnered just under 10%, while minor parties combined accounted for less than 2%. This conservative trend might mirror regional and cultural influences, potentially impacting local policy and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sherman County, Texas, voting patterns from the 2020 U.S. Presidential Election indicate a significant tilt towards the Republican party, with Republicans potentially commanding almost 90% of the vote share. Democrats might have captured just under 10%, while Libertarian, Green, and other parties combined accounted for less than 2%. This localized trend could suggest a strong conservative leaning in the county's political landscape, reflecting broader regional or cultural influences.
89.31% of voters voted for the Republican party in the 2020 Presidential Election
9.17% of voters voted for the Democrat party in the 2020 Presidential Election
0.91% of voters voted for the Livertarian party in the 2020 Presidential Election
0.50% of voters voted for the Green party in the 2020 Presidential Election
0.10% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sherman County, Texas has experienced shifts in its student-to-teacher ratio over the past decade, peaking at over 16 students per teacher in 2014 and dropping to as low as 12 in recent years. These changes could signal improved educational outcomes and impact investment and real estate considerations. Lower ratios, especially under the national average of 14, may suggest more personalized attention in schools, which can be a draw for families and an influential factor in property valuation.... Read more
Student-to-teacher ratio in Sherman County, Texas over the last 10 years
Sherman County, Texas has seen fluctuations in its student-to-teacher ratio over the past decade, peaking at just over 16 students per teacher in 2014 and falling to as low as 12 students per teacher in recent years. This variance affects educational outcomes and investment considerations. The lower ratios in recent years, compared to the national average of 14, may indicate smaller class sizes and potentially more individualized attention for students, making the area potentially attractive to families and educators alike. For appraisers, investors, and real estate agents, understanding these shifts can offer insights into the desirability of the area and how it could influence property values. Lower ratios could also signify a more personalized and managed learning environment, an appealing factor for potential residents or those looking to develop educational facilities.
