Terrell County Real Estate and Livability Trends
Terrell County, Texas stands out for its striking 86.56% increase in median home values over the past eight years, greatly outpacing state and national growth rates. This rapid appreciation could attract investors or new residents eyeing rising property values. Housing occupancy trends show steady principal residence mortgages but a decrease in investment property mortgages, hinting at shifting... Read more
Terrell County Market Trends
Terrell County, Texas has experienced a striking 86.56% increase in median home values over the past eight years, far surpassing the state and national growth rates. This rapid appreciation suggests a growing property market that could attract potential investors or new residents. Real estate taxes have been variable, with significant fluctuations from $1,850.00 in 2012 to $2,550.00 in 2017,... Read more
Median Value of Occupied Housing Units in Terrell County, Texas Over the Last 8 Years
Terrell County, Texas has seen its median home values rise impressively over the past eight years, with a jump from $64,200 in 2015 to $119,800 in 2022. This 86.56% increase significantly outpaces both the state of Texas, which saw a rise from $136,000 to $238,000 (75%), and the national median, increasing from $125,500 to $179,400 (42.97%). Such accelerated growth in Terrell County could suggest a burgeoning property market, presenting potential investment opportunities or considerations for those planning to move or build locally.
Average Real Estate Taxes Per Tax Return in Terrell County, TX Over the Last 5 Years
Over the last five years, Terrell County, Texas has seen fluctuating real estate taxes per tax return. From a high of $1,850.00 in 2012, there was a decline to $1,400.00 by 2014. However, 2017 marked a significant increase to $2,550.00. These variable tax rates could be relevant for investors, prospective home buyers, and real estate professionals assessing market stability and forecasting longer-term financial commitments in the area. Appraisers and insurance agents might find these trends useful for risk assessment and valuation purposes when evaluating properties in this region.
Percentage of Farm Returns in Terrell County, TX Over the Last 10 Years
Over the last decade, Terrell County, Texas has seen varying percentages of farm tax returns, with a peak in 2016 at approximately 11.76% and a low in 2020 at around 7.74%. Farm tax returns indicate the proportion of tax filings that come from agricultural activities, shedding light on the economic focus and viability of farming in the region. This trend might hint at agricultural stability or volatility, valuable for investors, new residents, property developers, and current locals assessing the county's economic landscape.
Number of Mortgages by Occupancy Type in Terrell County, TX Over the Last 5 Years in Terrell County
In Terrell County, Texas, the number of mortgages for principal residences has remained relatively steady, with a notable uptick in 2022. Investment property mortgages have seen a significant drop, suggesting either reduced investment interest or limited availability. Mortgages for second residences show inconsistent activity, peaking in 2021. These shifts could impact housing market dynamics, influencing property values, rental markets, and insurance considerations. Investors and appraisers might view the steady demand for principal residences as a stable point, while developers and real estate agents might consider the fluctuating interest in second homes and diminished investment property activity when planning or advising clients.
Economic Outlook
Terrell County, Texas has experienced notable fluctuations in average taxable incomes, with peaks in 2014 at $57,797.22 and 2021 at $56,490.00, and a dip in 2017 to $41,417.14, indicating potentially unstable local economic conditions. Tax liabilities have also varied significantly, with high points in 2013 at $7,933.33 and 2014 at $9,085.71, yet mostly stayed within the $6,000 to $7,500 range. These trends may be insightful for real estate agents, appraisers, and insurance agents for risk... Read more
Average Taxable Income per Tax Return in Terrell County, TX over the last 9 years
Over the past nine years, Terrell County, Texas has experienced fluctuating average taxable incomes per tax return. Peaks were observed in 2014 and 2021, with figures reaching $57,797.22 and $56,490.00 respectively, while a noticeable dip occurred in 2017, where the average fell to around $41,417.14. This variability suggests the local economy might be affected by factors unique to the region, possibly making it imperative for investors and real estate agents to consider economic stability when evaluating potential opportunities. Appraisers and insurance agents might find these trends crucial for risk assessment and valuation of properties.
Average Total Tax Liability Per Tax Return in Terrell County, TX Over the Last 10 Years
Terrell County, Texas has shown considerable fluctuation in tax liabilities over the past decade, with significant peaks in 2013 at $7,933.33 and 2014 at $9,085.71. Despite these high points, average tax liabilities generally hovered in the $6,000 to $7,500 range. This variability suggests a potentially turbulent economic climate or shifts in demographics, which might be important for investors and real estate agents assessing the area's financial stability. Builders and insurance agents may be drawn to this data to understand fiscal expectations, while prospective residents might find these trends insightful for estimating living costs.
Cost of Living in Terrell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,161 | $1,134 | $1,762 | $1,310 | $840 |
| 1 adult 4 children | $1,161 | $926 | $1,347 | $1,310 | $963 |
| 2 adults 3 children | $1,161 | $926 | $1,529 | $1,310 | $684 |
| 1 adult 3 children | $1,161 | $756 | $1,114 | $1,310 | $739 |
| 2 adults 2 children | $885 | $758 | $1,296 | $1,145 | $598 |
| 1 adult 2 children | $885 | $566 | $881 | $1,145 | $567 |
| 2 adults 1 child | $885 | $599 | $1,063 | $608 | $589 |
| 1 adult 1 child | $885 | $387 | $648 | $608 | $504 |
| 2 adults | $705 | $482 | $830 | $0 | $513 |
| 1 adult | $667 | $263 | $415 | $0 | $458 |
Demographics
Terrell County, Texas exhibits a male-skewed adult population, which might be why social and economic policies could focus more on targeted support for gender balance. The educational attainment levels mainly show a high percentage as high school graduates or some college experience, suggesting that workforce development initiatives potentially benefit from more advanced educational opportunities. Age distribution indicates a notable concentration of middle-aged to older adults, implying... Read more
Race Distribution in Terrell County, Texas (2022)
Educational Attainment in Terrell County, Texas (2022)
Age Distribution in Terrell County, Texas
Citizen Population in Terrell County, Texas (2022)
School Data
Terrell County, Texas, has consistently maintained a lower student-to-teacher ratio compared to the national average, varying between eight and ten students per teacher over the past decade. This suggests smaller class sizes and potentially more individualized attention, which could appeal to young families prioritizing education. Real estate investors and agents should note that this educational advantage might enhance the county's attractiveness. Insurance agents and appraisers may also... Read more
Student-to-teacher ratio in Terrell County, Texas over the last 10 years
Over the past decade, Terrell County in Texas has seen a consistently lower student-to-teacher ratio compared to the national average of fourteen students per teacher. The ratio here has hovered between eight and ten students per teacher, peaking slightly at just over ten in 2016. This trend might indicate smaller class sizes, providing a more individualized attention to students. For investors and real estate agents, this could make the area more attractive to young families prioritizing education. Insurance agents and appraisers might find this data useful in assessing the value and risks associated with properties in a community that emphasizes smaller class sizes.
