Travis County Real Estate and Livability Trends
In Travis County, Texas, the average taxable income per tax return skyrocketed from $66,959.96 in 2013 to $163,212.03 in 2021, mirroring strong economic growth and potentially higher property values. Median home values surged from $237,100 in 2015 to $444,800 in 2022, further attracting investors, despite increased property and real estate taxes. Moreover, a drop in the poverty rate from 15.6% in... Read more
Travis County Market Trends
Over the last 8 years, Travis County, Texas has experienced significant growth in median home values, climbing from $237,100 in 2015 to $444,800 in 2022, outpacing state and national trends. This steep appreciation might hint at a booming local economy, making it an attractive target for investors and new residents. Meanwhile, the average residential energy tax credit per tax return peaked at... Read more
Median Value of Occupied Housing Units in Travis County, Texas Over the Last 8 Years
Over the last 8 years, Travis County, Texas has experienced significant growth in median home values, climbing from $237,100 in 2015 to $444,800 in 2022. When compared to the state of Texas, which saw median home values rise from $136,000 to $238,000 in the same period, Travis County's market appears to be heating up much faster. On a national level, the median home values grew from $125,500 in 2015 to $179,400 in 2022. This steep increase in Travis County's housing market might suggest a booming local economy, making it an intriguing area for potential investors and homebuyers considering relocation.
Residential Energy Tax Credit Per Tax Return in Travis County, TX Over the Last 9 Years
Over the last nine years, the average residential energy tax credit per tax return in Travis County, Texas has shown notable fluctuations, peaking at $4,287.25 in 2018 and displaying a general upward trend. For investors, builders, real estate agents, and those considering relocation, this variability can suggest an increasing adoption of energy-efficient technologies, which might correlate with higher property values and appeal. The incentive structures also provide context for potential insurance adjustments and property appraisals, highlighting Travis County’s ongoing commitment to energy sustainability.
Average Real Estate Taxes Per Tax Return in Travis County, TX Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Travis County, Texas have shown a steady increase, climbing from $7,232.81 in 2012 to $13,383.43 in 2021. This upward trend likely indicates rising property valuations and could suggest a robust real estate market. Such insights might be crucial for potential investors, prospective homeowners, and real estate agents assessing market conditions. Additionally, these figures may inform appraisers and insurance agents evaluating property values and associated risks.
Percentage of Farm Returns in Travis County, TX Over the Last 10 Years
Over the past ten years, the percentage of farm tax returns in Travis County, Texas has seen a slight but noticeable decline from around 0.53% in 2012 to 0.41% in 2021. These returns reflect the portion of taxpayers who report income from farming activities on their tax filings. For investors and potential property builders, understanding this trend is crucial as it may suggest shifts in land use or agricultural viability in the region. While still a small fraction, the downward trend could indicate a move toward more urban development or changing economic conditions affecting small-scale farming.
Number of Mortgages by Occupancy Type in Travis County, TX Over the Last 5 Years in Travis County
Travis County, Texas has seen a notable ebb and flow in mortgage counts across investment properties, principal residences, and second homes over the past five years. Principal residences consistently dominated, peaking in 2020, signaling sustained desirability for primary homes. Investment properties saw a spike in 2021, likely driven by market conditions or changing investor strategies, while second residences have remained a smaller, yet stable segment. For investors, real estate agents, appraisers, and anyone looking to move or build, these trends could underscore shifts in demand and risk profiles, potentially influencing property values, financing options, and insurance premiums.
Economic Outlook
In Travis County, Texas, the average taxable income per tax return has surged from $66,959.96 in 2013 to $163,212.03 in 2021, reflecting robust economic growth. Average state and local income taxes also climbed dramatically, from $11,064.80 in 2012 to $65,453.53 in 2021, indicating a growing fiscal burden on residents. Additionally, the average total tax liability per tax return saw a rise, reaching $37,805.21 in 2021, suggesting higher property values and incomes. Notably, the percentage of... Read more
Average Taxable Income per Tax Return in Travis County, TX over the last 9 years
Over the last nine years, Travis County, Texas has seen a significant increase in average taxable income per tax return, rising from $66,959.96 in 2013 to $163,212.03 in 2021. The most notable jumps occurred between 2016 and 2017, and again from 2020 to 2021. This trend suggests a robust economic growth in the area, making it potentially attractive to investors, real estate developers, and those considering relocating to the region for work opportunities. However, such income growth could also be a signal to appraisors, insurance agents, and current residents to keep a closer eye on potential shifts in property values and living costs.
Average State and Local Income Taxes Per Tax Return in Travis County, TX Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Travis County, Texas have shown fluctuating but a generally increasing trend. The tax amounts have surged notably from $11,064.80 in 2012 to $65,453.53 by 2021. This sharp rise indicates a growing fiscal burden on residents, which could be factored into decisions for potential investors, homeowners, appraisers, and real estate agents concerning property values, insurance rates, and overall cost of living.
Average Total Tax Liability Per Tax Return in Travis County, TX Over the Last 10 Years
Over the past decade, Travis County, Texas has seen a notable increase in the average total tax liability per tax return, with values rising from $17,063.34 in 2012 to $37,805.21 in 2021. This upward trend, especially the sharp increases post-2017, might reflect economic growth, rising property values, and potentially higher incomes in the area. For potential investors, real estate agents, and those interested in property development, this could indicate a thriving local economy but also higher tax obligations. Insurance agents and appraisers might need to account for these financial shifts when advising clients.
Cost of Living in Travis County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,134 | $1,540 | $1,757 | $1,972 | $1,440 |
| 1 adult 4 children | $2,134 | $1,258 | $1,342 | $1,972 | $1,607 |
| 2 adults 3 children | $2,134 | $1,258 | $1,525 | $1,972 | $1,220 |
| 1 adult 3 children | $2,134 | $1,027 | $1,110 | $1,972 | $1,395 |
| 2 adults 2 children | $1,662 | $1,030 | $1,293 | $1,716 | $963 |
| 1 adult 2 children | $1,662 | $769 | $878 | $1,716 | $1,009 |
| 2 adults 1 child | $1,662 | $814 | $1,061 | $882 | $829 |
| 1 adult 1 child | $1,662 | $526 | $646 | $882 | $766 |
| 2 adults | $1,417 | $654 | $829 | $0 | $676 |
| 1 adult | $1,281 | $357 | $415 | $0 | $577 |
Safety trends & Data
In Travis County, Texas, a notable decline in larceny-theft, from 2,705 cases in 2018 to 1,364 in 2022, could signal an encouraging trend for property valuations and desirability. Meanwhile, motor vehicle theft has remained relatively stable, fluctuating between 400 and 700 cases annually. Arson cases spiked in 2021 with 80 incidents but dropped to 62 in 2022, indicating potential volatility. Vandalism saw a slight increase from 369 incidents in 2018 to 436 in 2022. These dynamics may influence... Read more
Property Crime Trends in Travis County, TX Over the Last 5 Years
Investors and real estate professionals may find the property crime trends in Travis County, Texas particularly insightful. Over the past five years, incidents of larceny-theft have seen a significant decrease, dropping from 2,705 in 2018 to 1,364 in 2022. Motor vehicle theft, however, has remained relatively stable with minor fluctuations, hovering around 400 to 700 cases annually. Arson cases witnessed notable spikes, particularly in 2021 with 80 incidents but decreased in 2022 to 62 incidents. Vandalism seems relatively consistent with slight variations, marking 369 incidents in 2018 and 436 in 2022. These trends could impact insurance rates, property valuations, and the overall desirability of the area for potential buyers and developers.
Demographics
Travis County, Texas reveals an almost equal gender split with a slight male majority. Educational achievement is notable, as nearly half the adult population holds a bachelor's or higher degree. The county's largest age group is adults aged 25 to 34, suggesting a young workforce potentially driving economic activity. Racially, the county is predominantly White, but there's substantial diversity with significant Black, Asian, and other minority representations. These demographic trends could... Read more
Race Distribution in Travis County, Texas (2022)
Educational Attainment in Travis County, Texas (2022)
Age Distribution in Travis County, Texas
Citizen Population in Travis County, Texas (2022)
Political Trends & Data
Travis County, Texas, saw a significant leaning toward Democratic candidates in the 2020 U.S. Presidential Election, with Democrats securing over 71% of the vote and Republicans capturing around 27%. This shift might reflect changing political preferences, especially in urban areas. Minor parties like the Libertarians and Greens only played a minor role, suggesting their limited influence in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Travis County, Texas, the 2020 U.S. Presidential Election results leaned heavily toward Democratic candidates, potentially reflecting a broader shift in political preferences within the region. While Republicans captured roughly 27% of the vote, Democrats secured over 71%, illustrating a significant disparity. Minor parties like the Libertarians and Greens accounted for small fractions, possibly indicating limited influence. This trend could be indicative of evolving political dynamics in urban areas of Texas.
26.51% of voters voted for the Republican party in the 2020 Presidential Election
71.62% of voters voted for the Democrat party in the 2020 Presidential Election
1.46% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Green party in the 2020 Presidential Election
0.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Travis County, Texas, the student-to-teacher ratio has largely mirrored the national average of 14:1 over the past decade but recently climbed to 15:1 in 2023. For real estate agents and investors, these ratios can signal school district capacity and resource distribution, while potential residents and appraisers might view the increase as a sign of rising enrollment or pressure on educational resources. Insurance agents might also weigh these trends when evaluating property value risks tied... Read more
Student-to-teacher ratio in Travis County, Texas over the last 10 years
The student-to-teacher ratio in Travis County, Texas has generally hovered around the national average of fourteen students per teacher over the past decade, fluctuating slightly but recently experiencing an increase to fifteen in 2023. For real estate agents and those looking to invest in or build property, tracking these ratios can be a valuable indicator of school district capacity and potential resource allocation. Prospective residents and appraisers might interpret this rise as indicative of increased enrollment or potentially strained educational resources. Similarly, insurance agents could consider these trends when assessing risks related to property value and school quality. Understanding these shifts helps paint a broader picture of local demographic changes and the subsequent impact on educational infrastructure.
