Terry County Real Estate and Livability Trends
Terry County, Texas, has seen a notable increase in median home values from $64,200 in 2015 to $105,500 in 2022, while still remaining considerably lower than state and national averages, making it a potential hotspot for affordability-minded buyers. Rising residential energy tax credits indicate a boost in eco-friendly investments, likely enhancing property valuations and appealing to... Read more
Terry County Market Trends
Terry County, Texas, has experienced a notable rise in median home values from $64,200 in 2015 to $105,500 in 2022, remaining significantly lower than both state and national figures, possibly attracting those seeking affordability. Residential energy tax credits have seen a dramatic increase, suggesting growing investments in energy efficiency that could benefit property valuations and entice... Read more
Median Value of Occupied Housing Units in Terry County, Texas Over the Last 8 Years
Terry County, Texas, has seen a significant increase in median home values over the last eight years, with values climbing from $64,200 in 2015 to $105,500 in 2022. While these increases are compelling, it's interesting to note that the county's median values remain substantially lower than those seen statewide and nationally. In Texas, median home values have risen from $136,000 to $238,000 in the same period, and the national figures are even higher, escalating from $125,500 to $179,400. This disparity underscores the affordability of Terry County relative to broader trends, which could appeal to potential investors or individuals looking to move to a more cost-effective area without forgoing the benefits of a rapidly appreciating market.
Residential Energy Tax Credit Per Tax Return in Terry County, TX Over the Last 8 Years
Residential energy tax credits in Terry County, Texas have shown an erratic but notable upward trend over the past eight years, indicating growing investments in energy-efficient upgrades. From $250.00 in 2013, the average credit per tax return dramatically increased to $933.33 by 2021, with a significant spike starting in 2017. This could imply opportunities for property investors and builders to capitalize on energy-efficient improvements, potentially benefiting both appraisers and insurance agents in adjusting valuations and premiums accordingly. Real estate agents might find this data useful in highlighting energy-efficient homes to prospective buyers, particularly those prioritizing sustainable living.
Average Real Estate Taxes Per Tax Return in Terry County, TX Over the Last 10 Years
Real estate taxes in Terry County, Texas have shown a general upward trend over the last decade, starting from an average of $2,760.00 in 2012 to $5,611.11 in 2021. The significant increases, especially between 2016 and 2019, with a peak at $5,370.00, highlight potentially rising property values and reassessments. This pattern may concern potential homeowners and investors about future taxation levels but also suggests a growing real estate market that may present various opportunities. For those already living in the area, the changes stress the importance of staying informed on property tax developments.
Percentage of Farm Returns in Terry County, TX Over the Last 10 Years
Terry County, Texas has seen a slight fluctuation in the percentage of farm tax returns over the last decade, hovering around 6%-7% until 2018 but notably decreasing to around 5.24% by 2020, with a modest recovery to 6.06% in 2021. Farm tax returns essentially reflect the proportion of income generated from agricultural activities and can serve as an indicator of the economic health and investment potential of the farming sector in the region. This downward trend hints at challenges faced by the agricultural community, which could be an important consideration for those interested in the local economy, property investments, or moving to the area.
Number of Mortgages by Occupancy Type in Terry County, TX Over the Last 5 Years in Terry County
Over the past five years, Terry County, Texas, has seen notable shifts in mortgage origins by occupancy type. Principal residence mortgages have consistently dominated the market, peaking in 2020 at 296, likely reflective of an increased demand for primary homes. In contrast, mortgages for investment properties and second residences have remained substantially lower, with investment properties maxing out at 19 in 2018 and second residences peaking at 9 in 2022. These trends suggest that while Terry County remains a popular choice for primary residency, there's more subdued interest in the region for investment and vacation properties. For investors, real estate agents, and potential homeowners, these patterns could indicate stability in primary home investments but a lower potential for rental or seasonal markets. Changes in occupancy type might matter because they can impact local housing supply, property values, and neighborhood demographics. A high proportion of principal residences can signal community stability, promoting local services and infrastructure investments. Conversely, a surge in investment properties might indicate opportunities for rental income but could also exert upward pressure on home prices, influencing affordability and market dynamics.
Economic Outlook
Terry County, Texas, has displayed an upward trend in average taxable income per tax return, peaking at $48,376.55 in 2021 after a low of $40,835.50 in 2016. Despite some mid-decade fluctuations, this suggests a potential upswing in economic conditions and rising property values that could interest investors and real estate professionals. However, the county's average total tax liability per tax return hit $8,023.25 in 2012 but dipped to $6,402.26 in 2016, stabilizing around $6,636.12 by 2021,... Read more
Average Taxable Income per Tax Return in Terry County, TX over the last 9 years
Over the past nine years, Terry County, Texas, has seen fluctuations in average taxable income per tax return, with a low around $40,835.50 in 2016 and a peak reaching approximately $48,376.55 in 2021. While there were declines in the mid-2010s, the trend has shifted upward since 2017, suggesting a potential for economic growth. For investors, real estate agents, and appraisers, this upward movement might indicate improving economic conditions and increasing property values in the area. Insurance agents might also consider these trends when assessing policy risks and premiums.
Average Total Tax Liability Per Tax Return in Terry County, TX Over the Last 10 Years
Over the last decade, Terry County, Texas has experienced a notable fluctuation in average total tax liability per tax return. The highest point was in 2012 at $8,023.25, with a noticeable dip to a low of around $6,402.26 in 2016. Although there was some recovery in the subsequent years, it has settled closer to $6,636.12 by 2021. This trend could signal variability in economic conditions and taxable incomes, which might be relevant for those considering investments, property development, or even moving to the area.
Cost of Living in Terry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,115 | $1,311 | $2,079 | $1,199 | $854 |
| 1 adult 4 children | $1,115 | $1,071 | $1,592 | $1,199 | $938 |
| 2 adults 3 children | $1,115 | $1,071 | $1,803 | $1,199 | $680 |
| 1 adult 3 children | $1,115 | $874 | $1,316 | $1,199 | $698 |
| 2 adults 2 children | $833 | $877 | $1,527 | $1,046 | $585 |
| 1 adult 2 children | $833 | $655 | $1,040 | $1,046 | $522 |
| 2 adults 1 child | $833 | $693 | $1,250 | $548 | $574 |
| 1 adult 1 child | $833 | $448 | $763 | $548 | $469 |
| 2 adults | $633 | $557 | $974 | $0 | $499 |
| 1 adult | $628 | $304 | $487 | $0 | $437 |
Safety trends & Data
Terry County, Texas has seen variable property crime trends over the last five years, with burglary incidents peaking at 9 in 2018 before dropping to 2 by 2020, and slightly rebounding to 7 in 2021. Larceny-Theft cases also fluctuated, hitting a high of 10 cases in 2018 and maintaining low levels in 2020 and 2022. Motor Vehicle Theft has been relatively steady, ranging from 2 to 4 occurrences each year. The sporadic patterns in crimes like Vandalism and Forgery make it hard to pin down a clear... Read more
Property Crime Trends in Terry County, TX Over the Last 5 Years
Terry County, Texas has experienced variable property crime trends over the last five years. Burglary incidents peaked at 9 in 2018, dropped noticeably to 2 by 2020, then slightly rebounded to 7 in 2021. Larceny-Theft cases also saw fluctuation, with a high of 10 cases in 2018 and low levels in 2020 and 2022. Motor Vehicle Theft has remained fairly consistent, oscillating between 2 to 4 occurrences each year. Additional crimes like Vandalism and Forgery show sporadic patterns, indicating no clear trend. These fluctuating crime rates can impact property values, insurance premiums, and the overall appeal for investors and potential residents.
Demographics
In Terry County, Texas, males slightly outnumber females in the adult population. Educationally, many residents achieve a high school diploma or some college, but the proportion of those with higher education degrees significantly tapers off, which could point to a need for more accessible college-level opportunities within the area. Age-wise, the county shows a broad distribution, with a notable chunk of the population being quite young, yet also a significant presence in the 55 to 64-year... Read more
Race Distribution in Terry County, Texas (2022)
Educational Attainment in Terry County, Texas (2022)
Age Distribution in Terry County, Texas
Citizen Population in Terry County, Texas (2022)
Political Trends & Data
Terry County, Texas, could potentially see its real estate market influenced by its strong Republican lean, with a whopping 77.9% of votes going to the GOP. This conservative preference might make the area more appealing to investors and homebuyers with similar political inclinations. Additionally, the minimal third-party votes may indicate a politically stable environment, potentially affecting property values and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Terry County in Texas saw an overwhelming majority of its votes go to the Republican party, with a significant 77.9% share. The Democratic party garnered around 21%, trailing considerably behind. Votes for third parties like the Libertarian and Green parties were minimal, with neither exceeding 1%. This distribution suggests a strong Republican preference in the area, potentially shaping local and national political strategies moving forward.
77.85% of voters voted for the Republican party in the 2020 Presidential Election
20.96% 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
0.28% of voters voted for the Green party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Terry County, Texas, has mostly stayed below the national average over the past decade, fluctuating from around 14 in 2014 to about 11 in recent years. Smaller class sizes could mean more personalized attention for students, potentially making the area more appealing to families and possibly influencing property values. Real estate agents and investors might find this data valuable for gauging the local education quality, while appraisers and insurance agents... Read more
Student-to-teacher ratio in Terry County, Texas over the last 10 years
Over the past decade, the student-to-teacher ratio in Terry County, Texas, has generally remained below the national average of 14 students per teacher, ranging from a high of about 14 in 2014 to a low of around 11 in recent years. This tighter student-to-teacher ratio could indicate smaller class sizes, potentially providing more individualized attention for students. Such trends could be significant for families considering relocation, as well as for real estate agents and investors looking to understand the local education landscape. Lower ratios sometimes enhance perceived educational quality, which might affect property values and the attractiveness of the area for young families. Additionally, appraisers and insurance agents might find these educational trends relevant when assessing the overall desirability and risk profile of the region.
