Tom Green County Real Estate and Livability Trends
Tom Green County, Texas has experienced robust median home value growth, jumping from $108,600 in 2015 to $177,800 in 2022. This local stride surpasses national trends but remains slightly behind the state's average. Notably, residential energy tax credits surged from $308.70 in 2013 to $3,449.28 in 2021, which could indicate a rising interest in energy-efficient upgrades that may boost property... Read more
Tom Green County Market Trends
Tom Green County, Texas has seen significant growth in median home values, jumping from $108,600 in 2015 to $177,800 in 2022, outpacing the national growth but lagging behind the state average. The surge in residential energy tax credits from $308.70 in 2013 to $3449.28 in 2021 indicates a strong embrace of energy-efficient solutions, hinting at potential increases in property values. Average... Read more
Median Value of Occupied Housing Units in Tom Green County, Texas Over the Last 8 Years
Tom Green County, Texas has shown a solid increase in median home values over the last eight years, rising from $108,600 in 2015 to $177,800 in 2022. This local market growth outpaces the national increase, which saw values go from $125,500 to $179,400 in the same period, and lags behind the broader state of Texas, which experienced a rise from $136,000 to $238,000. This makes Tom Green County an intriguing prospect for investors and homebuyers looking for a market with consistent, yet more modest growth within Texas.
Residential Energy Tax Credit Per Tax Return in Tom Green County, TX Over the Last 9 Years
Tom Green County, Texas has seen substantial growth in average residential energy tax credits per tax return over the past nine years, jumping from $308.70 in 2013 to $3449.28 in 2021. This increase suggests a heightened adoption of energy-efficient solutions among residents, which could signal strong future prospects for green technology investments and developments. For appraisers and insurance agents, this trend may indicate rising property values tied to energy-efficient improvements. Real estate agents might also see this as a positive selling point for environmentally conscious buyers.
Average Real Estate Taxes Per Tax Return in Tom Green County, TX Over the Last 10 Years
Average real estate taxes per tax return in Tom Green County, Texas, have shown a consistent upward trend over the past decade, with figures rising from around $3,847.59 in 2012 to approximately $7,309.24 in 2021. This increase may suggest growing property values or changes in local taxation policies, both of which are critical for potential investors and homebuyers to consider. Real estate agents and appraisers might need to account for these higher averages in their evaluations, while insurance agents should note the potential implications for overall property costs.
Percentage of Farm Returns in Tom Green County, TX Over the Last 10 Years
Farm tax returns in Tom Green County, Texas have shown modest fluctuations over the last decade, averaging around 3.30%. These returns, representing the portion of tax filings attributed to agricultural operations, offer a glimpse into the stability and minor variances of the local farming economy. While there was a slight dip to 3.10% in 2020, the percentage rebounded to 3.28% in 2021, suggesting a resilient agricultural sector. For potential investors or individuals considering residential or commercial development in the area, this steady performance indicates a stable agricultural presence and may imply a robust rural economy.
Number of Mortgages by Occupancy Type in Tom Green County, TX Over the Last 5 Years in Tom Green County
Over the last five years in Tom Green County, Texas, the number of mortgages for principal residences has shown notable fluctuations, reaching a high of 6,029 in 2021 from 3,845 in 2018. Investment property mortgages peaked in 2021 at 377 but saw a decline to 241 by 2022. Mortgages for second residences have remained relatively minimal and steady. These shifts in occupancy types can impact market dynamics, influencing property values and availability. For investors or real estate agents, rising principal residence mortgages might suggest heightened residential demand, while changes in investment property figures could reflect shifting investor confidence and potential rental income prospects. Appraisers and insurance agents should consider these trends when evaluating property risk and value.
Economic Outlook
Tom Green County, Texas has seen average taxable incomes experience short-term volatility but ultimately grow, peaking at $76,734.73 in 2021. This trend might point to economic growth or demographic shifts impacting property values. State and local income taxes have also fluctuated, hitting $11,007.69 in 2020 before settling at $9,323.08 in 2021, potentially driven by increased economic activity or tax policy changes. Average tax liabilities have similarly risen, reaching $14,256.78 in 2021,... Read more
Average Taxable Income per Tax Return in Tom Green County, TX over the last 9 years
Over the past nine years, the average taxable income per tax return in Tom Green County, Texas has experienced noticeable fluctuations, peaking in 2021 at $76,734.73. Notably, there was a decline between 2013 at $63,670.13 and 2016 when it dipped to $54,960.17, before gradually rebounding. This variability could be insightful for investors, appraisers, and real estate professionals gauging economic conditions. The recent increase in average taxable income suggests possible economic growth or changing demographics, which may influence property values, tax assessments, and market dynamics in Tom Green County.
Average State and Local Income Taxes Per Tax Return in Tom Green County, TX Over the Last 10 Years
Tom Green County, Texas, has seen significant fluctuations in average state and local income taxes per tax return over the last decade. Starting at $6,212.90 in 2012, the values dipped to a low of $4,126.47 in 2017, but recently surged to $11,007.69 in 2020 before settling at $9,323.08 in 2021. This upward trend in recent years might signal increased economic activity or changes in tax policies, making it an area worth close attention for potential investors, real estate agents, and those considering a move.
Average Total Tax Liability Per Tax Return in Tom Green County, TX Over the Last 10 Years
Tom Green County, Texas, has shown fluctuations in average tax liabilities per tax return over the past decade, with figures ranging from $10,382.59 in 2016 to a peak of $14,256.78 in 2021. This variability could signal economic changes and shifting taxpayer dynamics, potentially influencing investment and property decisions. The noticeable rise in 2021 may be of particular interest to real estate agents and insurance agents assessing market conditions or risk profiles. For property developers and appraisers, these trends might suggest shifts in local economic health and purchasing power, reflecting broader economic patterns in Texas.
Cost of Living in Tom Green County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,394 | $1,299 | $2,242 | $1,242 | $955 |
| 1 adult 4 children | $1,394 | $1,061 | $1,717 | $1,242 | $1,052 |
| 2 adults 3 children | $1,394 | $1,061 | $1,944 | $1,242 | $774 |
| 1 adult 3 children | $1,394 | $866 | $1,419 | $1,242 | $833 |
| 2 adults 2 children | $1,065 | $869 | $1,646 | $1,079 | $659 |
| 1 adult 2 children | $1,065 | $649 | $1,121 | $1,079 | $590 |
| 2 adults 1 child | $1,065 | $687 | $1,348 | $549 | $625 |
| 1 adult 1 child | $1,065 | $443 | $823 | $549 | $515 |
| 2 adults | $850 | $552 | $1,050 | $0 | $545 |
| 1 adult | $712 | $301 | $525 | $0 | $446 |
Safety trends & Data
Property crimes in Tom Green County, Texas, have seen some ups and downs over the past five years. A significant drop in burglary rates from 63 incidents in 2019 to 15 in 2021, then a slight rise to 37 in 2022, could indicate shifting local dynamics. Despite some volatility, larceny-theft has been the most frequent property crime, with 377 incidents in 2018 and 360 in 2022, after hitting a low of 245 in 2021. Motor vehicle theft and vandalism have stayed relatively stable, generally between... Read more
Property Crime Trends in Tom Green County, TX Over the Last 5 Years
Property crimes in Tom Green County, Texas, have shown varying trends over the past five years. Notable fluctuations in burglary rates, with a significant drop from 63 incidents in 2019 to just 15 in 2021, before a slight increase to 37 in 2022, suggest changing local dynamics. Larceny-theft typically remained the most frequent property crime, peaking at 377 incidents in 2018 and 360 in 2022 after a low in 2021 at 245. Motor vehicle theft and vandalism showed minimal variation, generally hovering around 30-50 incidents annually. These trends are critical for investors, real estate agents, and potential residents to understand the community's safety and living conditions.
Demographics
Tom Green County, Texas seems to exhibit a near-even split between male and female adults, with the latter holding a slight numerical edge. Educational attainment data indicates a strong emphasis on high school completion and some college experience, though fewer individuals have pursued advanced degrees. In terms of age distribution, young adults (20-34 years) appear quite prevalent, reflecting possibly a community in its working prime. When analyzing racial demographics, the vast majority of... Read more
Race Distribution in Tom Green County, Texas (2022)
Educational Attainment in Tom Green County, Texas (2022)
Age Distribution in Tom Green County, Texas
Citizen Population in Tom Green County, Texas (2022)
Political Trends & Data
Tom Green County, Texas leans heavily Republican, with around 71% of the 2020 U.S. Presidential Election votes going to the GOP. Democrats captured about 27%, while Libertarians got just 1.2%. This Republican stronghold may shape local policies and political strategies, making it a key area for conservative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tom Green County, Texas, the 2020 U.S. Presidential Election might suggest a strong Republican leaning with approximately 71% of the vote, while Democrats garnered around 27%. The Libertarian candidate received just about 1.2%, and the Green Party as well as other parties had negligible support. This voting pattern could indicate a solid Republican base in the region, which might influence local policy and political campaigns significantly.
71.47% of voters voted for the Republican party in the 2020 Presidential Election
27.07% of voters voted for the Democrat party in the 2020 Presidential Election
1.21% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Tom Green County, Texas has seen its student-to-teacher ratio increase from 15 in 2017 to 16 in 2023, above the US national average of 14. Such increases could signal larger classroom sizes and fewer resources per student, affecting perceptions of local education quality. This trend might hold particular weight for investors, real estate agents, and families, potentially influencing property values and decisions. Appraisers and insurance agents could also find this data pertinent when... Read more
Student-to-teacher ratio in Tom Green County, Texas over the last 10 years
Tom Green County, Texas has experienced fluctuations in its student-to-teacher ratio over the past decade, with a notable peak in 2017 at 15 students per teacher and a significant increase to 16 in 2023. This is higher than the current US national average of 14 students per teacher, which could imply increased classroom sizes and potentially fewer resources for individual students. For potential investors, real estate agents, or families considering moving to the area, these trends might be critical as they could affect perceptions of local education quality and property values. Appraisers and insurance agents might also find these ratios useful when assessing risk factors that can influence property and community stability.
