Tarrant County Real Estate and Livability Trends
In Tarrant County, Texas, the average taxable income surged from $63,790.09 in 2013 to $91,050.90 in 2021, suggesting a robust local economy that may drive up property values and demand. Median home values also saw significant growth, rising from $141,000 in 2015 to $269,400 in 2022, indicating a hot real estate market outpacing national and state trends. Average real estate taxes per tax return... Read more
Tarrant County Market Trends
Tarrant County, Texas has experienced remarkable growth in median home values from $141,000 in 2015 to $269,400 in 2022, significantly outpacing both national and state averages. The average residential energy tax credit per tax return soared from $398.19 in 2013 to $2,514.77 by 2021, suggesting strong investment in energy-efficient home improvements. Over the past decade, average real estate... Read more
Median Value of Occupied Housing Units in Tarrant County, Texas Over the Last 8 Years
Tarrant County, Texas, has seen a significant growth in median home values, rising from $141,000 in 2015 to $269,400 in 2022. This well outpaces both national average increases—$125,500 to $179,400—and statewide growth in Texas—$136,000 to $238,000—over the same period. For those considering investing, moving, or building property in Tarrant County, this trend suggests a strong and potentially lucrative real estate market.
Residential Energy Tax Credit Per Tax Return in Tarrant County, TX Over the Last 9 Years
Over the last nine years, Tarrant County, Texas has seen a notable increase in the average residential energy tax credit per tax return, starting at $398.19 in 2013 and reaching $2514.77 by 2021. This trend suggests a growing investment in energy-efficient home improvements, which could be an appealing factor for potential homeowners and investors interested in sustainable living. For insurance agents and appraisers, these enhancements may also signify properties with potentially lower long-term operational costs and higher values. Real estate agents can leverage this data to highlight energy-efficient homes as a lucrative selling point.
Average Real Estate Taxes Per Tax Return in Tarrant County, TX Over the Last 10 Years
Over the past decade, Tarrant County, Texas has seen a consistent increase in average real estate taxes per tax return, starting from approximately $5,424.10 in 2012 and reaching nearly $9,990.89 by 2021. This upward trend could indicate rising property values, making it a potentially lucrative location for real estate investors. However, for prospective homeowners and current residents, the escalating tax rates might translate to higher living costs, which is a critical factor to consider. Appraisers and insurance agents might also note these changes as they reflect the county’s economic growth and market dynamics, influencing property evaluations and insurance premiums.
Percentage of Farm Returns in Tarrant County, TX Over the Last 10 Years
Farm tax returns in Tarrant County, Texas have shown a general decline over the last decade, dropping from 0.54% in 2012 to 0.44% in 2021. This could indicate a shifting landscape in agricultural activities or a move towards urban and suburban development. For investors or individuals considering building property or moving to Tarrant, this trend might suggest a growing preference for non-agricultural land use, potentially impacting land values and investment opportunities in rural versus urban settings.
Number of Mortgages by Occupancy Type in Tarrant County, TX Over the Last 5 Years in Tarrant County
Tarrant County, Texas has seen noticeable fluctuations in mortgage counts across different occupancy types over the last five years. Principal residences hold the majority, peaking in 2020 with 142,429 mortgages and then dropping sharply by nearly half to 81,656 in 2022. Investment properties also experienced a surge in 2021 to 10,523 mortgages, post which there was a significant decline. Second residences remain a smaller segment but show a steady trend with slight variations. These shifts in occupancy types could affect market demand and housing prices, influencing investment decisions, insurance premiums, and valuation metrics for real estate agents and appraisers.
Economic Outlook
In Tarrant County, Texas, the average taxable income per tax return surged from $63,790.09 in 2013 to $91,050.90 in 2021, suggesting a prosperous local economy that could drive up property values and market demand. The average state and local income taxes also jumped significantly, from $11,933.80 in 2012 to $29,820.68 in 2021, potentially pointing to rising incomes or tax policy changes. Meanwhile, the average total tax liability per tax return peaked at $17,258.26 in 2021, reflecting possible... Read more
Average Taxable Income per Tax Return in Tarrant County, TX over the last 9 years
Over the last nine years, Tarrant County in Texas has seen a notable increase in average taxable income per tax return, which jumped from around $63,790.09 in 2013 to approximately $91,050.90 in 2021. This upward trend, especially significant between 2020 and 2021, could be of interest to real estate investors, property developers, and insurance agents looking at economic growth. This income growth suggests a relatively prosperous local economy, potentially driving up property values and market demand, which may also affect appraisal figures and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Tarrant County, TX Over the Last 10 Years
In Tarrant County, Texas, the average state and local income taxes per tax return have seen a notable upward trajectory over the past decade. The average has increased from approximately $11,933.80 in 2012 to about $29,820.68 in 2021, with substantial jumps particularly evident from 2017 onwards. This trend might suggest rising incomes or changes in tax policies impacting residents. Such data could be crucial for prospective investors, real estate agents, and residents, indicating potential economic growth and contributing to financial planning and decisions regarding property investments or relocations.
Average Total Tax Liability Per Tax Return in Tarrant County, TX Over the Last 10 Years
Over the past decade in Tarrant County, Texas, the average total tax liability per tax return has generally been on the rise, peaking notably in 2021 at $17,258.26. A dip was seen in 2019 with an average liability of $13,798.66, followed by a substantial increase in 2020 and 2021. This upward trend might imply growing property values and incomes, making it potentially lucrative for real estate investments but also signaling higher costs for residents.
Cost of Living in Tarrant County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,938 | $1,399 | $1,722 | $1,823 | $1,229 |
| 1 adult 4 children | $1,938 | $1,143 | $1,315 | $1,823 | $1,402 |
| 2 adults 3 children | $1,938 | $1,143 | $1,495 | $1,823 | $1,035 |
| 1 adult 3 children | $1,938 | $933 | $1,088 | $1,823 | $1,202 |
| 2 adults 2 children | $1,465 | $936 | $1,267 | $1,586 | $818 |
| 1 adult 2 children | $1,465 | $699 | $861 | $1,586 | $861 |
| 2 adults 1 child | $1,465 | $740 | $1,040 | $815 | $750 |
| 1 adult 1 child | $1,465 | $478 | $634 | $815 | $671 |
| 2 adults | $1,241 | $594 | $813 | $0 | $622 |
| 1 adult | $1,107 | $324 | $407 | $0 | $525 |
Safety trends & Data
In Tarrant County, Texas, property crimes have fluctuated over the past five years, with larceny-theft consistently leading the statistics. There's been a notable uptick in motor vehicle thefts, peaking at 805 in 2021 before a slight decline. While arson and vandalism have seen modest increases, burglary incidents have trended downward since their peak in 2019. Fraud and forgery rates remain variable, underscoring concerns for potential investors, real estate professionals, and new residents... Read more
Property Crime Trends in Tarrant County, TX Over the Last 5 Years
In Tarrant County, Texas, the last five years show fluctuations in property crimes, with larceny-theft consistently leading. There has been a notable increase in motor vehicle thefts, peaking at 805 in 2021 before slightly declining. Arson and vandalism incidents have seen modest increases, whereas burglary numbers have trended downwards after peaking in 2019. Fraud and forgery also remain concerns, but their rates vary year to year. This data is crucial for potential investors, real estate professionals, and those planning to move, as it provides insights into community safety and potential liabilities.
Demographics
Tarrant County, Texas, shows a slight female majority in its adult population. The age distribution highlights a significant concentration of adults between 25 to 44 years, reflecting a potentially vibrant workforce. Educational attainment appears varied, with a notable portion holding just a high school diploma or some college experience without a degree. In terms of racial diversity, the county is predominantly White but includes substantial Black or African American and Hispanic populations.... Read more
Race Distribution in Tarrant County, Texas (2022)
Educational Attainment in Tarrant County, Texas (2022)
Age Distribution in Tarrant County, Texas
Citizen Population in Tarrant County, Texas (2022)
Political Trends & Data
In Tarrant County, Texas, the 2020 U.S. Presidential Election votes appeared almost evenly divided between Republicans and Democrats, each securing close to 50% of the vote. Third parties, including the Libertarian and Green parties, collectively captured less than 2% of the vote. This near-even split implies a competitive political landscape, which could influence local policies and, potentially, real estate market trends due to shifting priorities and voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tarrant County, Texas, the 2020 U.S. Presidential Election votes appeared to be almost equally split between Republicans and Democrats, with each party securing just under 50% of the vote. Third parties such as the Libertarian and Green parties garnered minimal support, with less than 2% of the total votes combined. This near-even split might suggest a competitive political landscape within the county.
49.09% of voters voted for the Republican party in the 2020 Presidential Election
49.31% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Tarrant County, Texas, the student-to-teacher ratio has gradually declined from around sixteen in 2014 to just under fifteen in 2023, compared to the national average of fourteen. This trend could signal better resource allocation per student, potentially enhancing educational outcomes and making the area more attractive to families and educators. For investors and real estate agents, this improvement may suggest a rising quality of local education, influencing property values and market... Read more
Student-to-teacher ratio in Tarrant County, Texas over the last 10 years
Over the past decade, Tarrant County, Texas, has exhibited a gradual decline in its student-to-teacher ratio, moving from around sixteen students per teacher in 2014 to slightly under fifteen students per teacher in 2023. This trend is particularly relevant given the current national average of fourteen students per teacher. A lower student-to-teacher ratio may indicate better resource allocation per student, potentially enhancing educational outcomes and making the area more appealing to families and educators. For investors and real estate agents, these figures could reflect a rising quality of the local education system, thereby influencing property values and market dynamics. Insurance agents and appraisers might consider the improving educational climate as a favorable factor when assessing risk and property values.
