Throckmorton County Real Estate and Livability Trends
Throckmorton County, Texas, displays notable economic and real estate fluctuations, with average taxable incomes swinging from $73,119.12 in 2014 to $48,616.92 in 2016, before climbing back to $72,472.06 in 2021. Median home values rose from $56,300 in 2019 to $67,000 in 2022, yet remain significantly below Texas' median of $238,000, indicating lower entry costs for buyers. The student-to-teacher... Read more
Throckmorton County Market Trends
Throckmorton County, Texas has shown a significant dip in median home values to $56,300 in 2019, gradually increasing to $67,000 in 2022, remaining markedly lower compared to the Texas state median of $238,000 and the national median of $179,400. Real estate taxes in the county have hovered around the mid-$2,000 range, reflecting modest and relatively stable property tax burdens, though there... Read more
Median Value of Occupied Housing Units in Throckmorton County, Texas Over the Last 8 Years
Throckmorton County, Texas has seen its median home values fluctuate over the past eight years, with a significant dip in 2019 to $56,300 before gradually increasing to $67,000 in 2022. This is relatively low compared to the Texas state median, which rose to an impressive $238,000 in 2022, and the national median, which hit $179,400. A crucial takeaway for potential investors and residents is that Throckmorton County offers a more affordable market, which might be attractive for those seeking lower entry costs in the housing market. However, the variability suggests a level of volatility that could influence long-term investment strategies.
Average Real Estate Taxes Per Tax Return in Throckmorton County, TX Over the Last 6 Years
Throckmorton County, Texas has seen fluctuating real estate taxes per tax return over the past six years, with a notable peak at $2,900.00 in 2012 and a low of $2,028.57 in 2013. The values have generally hovered around the mid-$2,000 range, suggesting a relatively modest and somewhat stable tax burden for property owners. These variations could reflect changes in property values, adjustments in local tax policies, or economic conditions. For potential investors, residents, and real estate professionals, understanding these trends can aid in financial planning and property valuation expectations.
Percentage of Farm Returns in Throckmorton County, TX Over the Last 10 Years
Over the last decade, Throckmorton County, Texas has seen fluctuating percentages of farm tax returns, ranging from 20.72% to 24.62%. A noticeable dip occurred in 2021 to 20.72%, whereas the highest percentage was recorded in 2015 at 24.62%. Farm tax returns are records filed by farmers to report their income and expenses, giving an insight into agricultural activity and economic health. Investors, builders, and residents might find these trends indicative of the local agricultural sector's stability and potential impact on property values and community growth.
Number of Mortgages by Occupancy Type in Throckmorton County, TX Over the Last 5 Years in Throckmorton County
Trends in Throckmorton County, Texas, indicate varying levels of mortgage activity across different occupancy types. Principal residences have consistently held the largest share, peaking at 36 mortgages in 2021. Investment properties and second residences show sporadic and generally lower activity, with investment properties never exceeding three mortgages a year and second residences maxing out at six in 2022. Shifts in occupancy type can influence market stability and the economic vibrancy of the community, impacting investment desirability, insurance premiums, property values, and availability of housing for potential new residents.
Economic Outlook
Throckmorton County, Texas, has seen fluctuating average taxable incomes per tax return, hitting about $73,119.12 in 2014 before dipping to $48,616.92 in 2016, and then rebounding to $72,472.06 in 2021. These swings could indicate economic volatility, making it vital for investors and real estate agents to tread carefully. Similarly, average total tax liability has varied significantly, from $18,202.04 in 2013 to $9,795.74 in 2017, bottoming out at $8,961.70 in 2020, with a rise to $13,027.78... Read more
Average Taxable Income per Tax Return in Throckmorton County, TX over the last 9 years
Throckmorton County, Texas, has shown fluctuating average taxable incomes per tax return over the past nine years, peaking in 2014 at approximately $73,119.12 and seeing a notable dip to around $48,616.92 in 2016. Recent figures for 2021 indicate a resurgence to approximately $72,472.06. This inconsistency might suggest economic volatility, which could be a crucial factor for potential investors, property developers, and real estate agents to consider. Insurance agents and appraisers might also need to take these income trends into account when assessing risk and property values, respectively.
Average Total Tax Liability Per Tax Return in Throckmorton County, TX Over the Last 10 Years
Throckmorton County, Texas, has shown notable fluctuations in average total tax liability per tax return over the past decade. From a high of $18,202.04 in 2013, the tax liability saw a marked decline to $9,795.74 by 2017, suggesting potential economic shifts or changes in taxpayer earnings during these years. The lowest point was recorded in 2020 at $8,961.70, with a subsequent rebound to $13,027.78 in 2021. These variations can offer insights for investors, real estate agents, and insurance professionals considering the financial landscape and property desirability in this area, hinting at broader economic trends impacting tax revenues.
Cost of Living in Throckmorton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,009 | $1,363 | $2,155 | $1,062 | $866 |
| 1 adult 4 children | $1,009 | $1,113 | $1,651 | $1,062 | $943 |
| 2 adults 3 children | $1,009 | $1,114 | $1,869 | $1,062 | $682 |
| 1 adult 3 children | $1,009 | $909 | $1,364 | $1,062 | $717 |
| 2 adults 2 children | $826 | $912 | $1,582 | $928 | $628 |
| 1 adult 2 children | $826 | $681 | $1,078 | $928 | $547 |
| 2 adults 1 child | $826 | $721 | $1,295 | $495 | $606 |
| 1 adult 1 child | $826 | $465 | $791 | $495 | $492 |
| 2 adults | $658 | $579 | $1,009 | $0 | $542 |
| 1 adult | $623 | $316 | $504 | $0 | $458 |
Safety trends & Data
Throckmorton County, Texas, has seen a fluctuating trend in property crimes over the past three years, impacting real estate appraisals and investments. In 2020, burglary and larceny-theft incidents both peaked with three cases each, indicating possible economic and social volatility. The introduction of fraud into crime statistics in 2022 underscores the need for prospective residents and stakeholders to stay informed on these crime trends to make well-rounded... Read more
Property Crime Trends in Throckmorton County, TX Over the Last 3 Years
Throckmorton County, Texas, shows a fluctuating yet slightly rising trend in property crimes over the past three years. Notably, incidents of burglary spiked in 2020 with three arrests compared to zero in surrounding years, while larceny-theft also peaked in 2020 with three reported cases. Interestingly, 2022 saw the introduction of fraud into the criminal statistics with one recorded incident. These oscillations in crime data can indicate varying levels of economic and social volatility in the area, crucial for real estate decisions, appraisals, and investments. For potential residents or stakeholders, staying updated on these crime trends is essential for making informed decisions.
Demographics
Throckmorton County, Texas may be showing a gender imbalance with more males than females among its adult population. Educational attainment leans heavily towards high school graduates, although a sizable number have pursued some college without finishing or have attained a bachelor’s degree. The age distribution suggests a predominantly older demographic, with significant figures in the 55 to 64 and 75 and over age brackets, which could have implications for healthcare and senior services.... Read more
Race Distribution in Throckmorton County, Texas (2022)
Educational Attainment in Throckmorton County, Texas (2022)
Age Distribution in Throckmorton County, Texas
Citizen Population in Throckmorton County, Texas (2022)
Political Trends & Data
Throckmorton County, Texas, seems to favor the Republican party heavily, with Republicans possibly securing around 90% of the vote in the 2020 U.S. Presidential Election. Democrats might only get about 9%, while Libertarians and Greens barely register, potentially influencing future political strategies and candidate attention in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Throckmorton County, Texas, likely leans heavily Republican with Republicans possibly securing roughly 90% of the vote in the 2020 U.S. Presidential Election. Democrats appear to garner only about 9%, while Libertarians and Greens might barely register with around 0.5% and 0.1%, respectively. This distribution suggests a strong conservative preference in local voter behavior, potentially influencing future political strategies and candidate focus in the area.
90.16% 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
0.56% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
School Data
Throckmorton County, Texas boasts a student-to-teacher ratio historically below the national average of 14, trending downward from approximately 9 in 2014 to just over 7 in 2023. This ratio suggests more individualized attention for students, which may appeal to families moving to the area and can be leveraged by local appraisers and real estate agents in marketing properties. For investors and builders, the focus on quality education indicated by smaller class sizes may drive demand for... Read more
Student-to-teacher ratio in Throckmorton County, Texas over the last 10 years
Over the last decade, Throckmorton County, Texas has consistently had a student-to-teacher ratio below the national average of 14 students per teacher. In 2014, the ratio was approximately 9, and despite some fluctuations, it has generally trended downward, reaching a low of just over 7 in 2023. This notably lower ratio suggests more individualized attention for students, which could be appealing for families moving to the area and advantageous for local appraisers and real estate agents when marketing properties. For investors and builders, the smaller class sizes may indicate community values focused on quality education, potentially driving demand for family-friendly developments. Insurance agents might consider these lower ratios as a factor in community attractiveness and safety levels.
