Tyler County Real Estate and Livability Trends
Tyler County, Texas, exhibits promising economic conditions for real estate investment, with average taxable incomes per tax return rising from $48,152.98 in 2017 to $55,591.35 in 2021. Median home values soared from $81,600 in 2015 to $124,900 in 2022, outpacing national trends and staying affordable compared to broader averages. A notable spike in residential energy tax credits in 2019 and 2021... Read more
Tyler County Market Trends
Tyler County, Texas, has seen a notable rise in median home values from $81,600 in 2015 to $124,900 in 2022, outpacing national trends and hinting at investment potential while remaining more affordable than broader state and national averages. Residential energy tax credits in the county spiked significantly in 2019 and 2021, reaching up to $1,450.00, implying heightened interest in... Read more
Median Value of Occupied Housing Units in Tyler County, Texas Over the Last 8 Years
Over the past eight years, Tyler County, Texas has experienced a significant appreciation in median home values, moving from $81,600 in 2015 to $124,900 in 2022. This upward trend, though starting from a relatively lower baseline, is striking when compared to both state and national figures. While Tyler County's values remain below the Texas median value which increased from $136,000 in 2015 to $238,000 in 2022, the county's growth pace suggests rising interest and potential for investors. Nationally, the median value climbed from $125,500 to $179,400 over the same period. Tyler County's more rapid recent growth, from $108,900 in 2021 to $124,900 in 2022, could signal emerging opportunities in a market that remains more affordable than wider state and national averages.
Residential Energy Tax Credit Per Tax Return in Tyler County, TX Over the Last 8 Years
Over the past eight years in Tyler County, Texas, the average residential energy tax credit per tax return fluctuated significantly. Between 2013 and 2017, it oscillated between $280.00 and $400.00, but a marked increase was noted in 2019 and 2021, with values soaring to $1,325.00 and $1,450.00 respectively. This uptick may suggest a growing investment in energy-efficient home improvements, driven by incentives or perhaps rising energy costs. These variations are relevant for stakeholders like investors and real estate agents looking at the potential return on energy-efficient upgrades, as well as insurance agents and appraisers factoring energy savings into property valuations.
Average Real Estate Taxes Per Tax Return in Tyler County, TX Over the Last 10 Years
Tyler County, Texas has seen a significant upward trend in average real estate taxes per tax return over the past decade. Starting at around $2,270.45 in 2012, the average tax amount has increased steadily to approximately $5,887.50 by 2021. This substantial rise may be indicative of increasing property values or changes in tax assessments, which could influence decisions for investors, prospective homeowners, and real estate agents. Such a trend might also affect insurance premiums, property appraisals, and municipal planning for infrastructure and services.
Percentage of Farm Returns in Tyler County, TX Over the Last 10 Years
Over the last decade, Tyler County, Texas saw fluctuations in the percentage of farm tax returns, with a peak around 8.49% in 2017, and troughs hitting approximately 6.75% in 2020. Farm tax returns represent the tax filings from agricultural activities, indicating the economic health and engagement of the farming sector. Investors, potential new residents, or builders might find these trends useful as they offer insight into agricultural profitability and land use dynamics in the region. Ultimately, monitoring these percentages could help evaluate the vitality and economic contributions of the farming community within Tyler County.
Number of Mortgages by Occupancy Type in Tyler County, TX Over the Last 5 Years in Tyler County
The data from Tyler County, Texas over the last five years shows varying mortgage counts across different occupancy types. Principal residences consistently dominate, with a noticeable increase from 608 mortgages in 2018 to 945 in 2021, before a slight drop to 791 in 2022. This trend signals robust demand for primary homes, indicating that the area is attractive to long-term residents. However, investment properties and second residences remain relatively stable but significantly lower in numbers, highlighting a potentially untapped market for investors or those seeking vacation homes. Understanding these shifts is crucial for real estate agents, investors, and appraisers, as they reflect buyer confidence and can influence property valuations, insurance rates, and development plans.
Economic Outlook
Tyler County, Texas has experienced a steady increase in average taxable income per tax return, with jumps from $48,152.98 to $51,003.07 between 2017 and 2018 and from $49,380.25 to $55,591.35 between 2020 and 2021. This upward trend suggests improving economic conditions, making the county a compelling spot for real estate investment. The significant variability in state and local income taxes, peaking at $4,728.57 in 2012 and then dropping to $2,475.00 in 2016 before rebounding to $3,436.36... Read more
Average Taxable Income per Tax Return in Tyler County, TX over the last 9 years
Tyler County, Texas has seen a relatively steady increase in average taxable income per tax return over the past nine years. Noteworthy jumps occurred between 2017 and 2018, and then again from 2020 to 2021, with an increase from $48,152.98 to $51,003.07 in the first instance and from $49,380.25 to $55,591.35 in the latter. These upticks could indicate improving economic conditions or reflecting broader trends in income growth, making Tyler County an intriguing prospect for real estate investment, new developments, and financial assessments.
Average State and Local Income Taxes Per Tax Return in Tyler County, TX Over the Last 6 Years
In Tyler County, Texas, average state and local income taxes per tax return have seen significant variability over the last six years. The figures peaked at $4,728.57 in 2012, followed by a notable decrease to $2,475.00 in 2016. Interestingly, there was a rebound in 2017 to $3,436.36. Such fluctuations might impact decisions for those considering moving to or investing in the area, potentially reflecting changes in local economic conditions or tax policies. These trends are crucial for appraisers, insurance agents, and real estate professionals looking to understand the financial landscape of Tyler County.
Average Total Tax Liability Per Tax Return in Tyler County, TX Over the Last 10 Years
Over the last decade, Tyler County, Texas has seen a fluctuating average total tax liability per tax return, with values oscillating between $6653.96 in 2020 and peaking at $7785.62 in 2021. Despite these variations, the overall trend shows some increases in certain years, such as 2018 and 2021. Such shifts in tax liability could indicate economic changes or policy adjustments that might impact potential investments and property values in the area. Investors, appraisers, and real estate agents may find this information useful for anticipating future financial planning and property valuation in Tyler County.
Cost of Living in Tyler County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,093 | $1,263 | $1,767 | $1,068 | $741 |
| 1 adult 4 children | $1,093 | $1,031 | $1,351 | $1,068 | $818 |
| 2 adults 3 children | $1,093 | $1,032 | $1,533 | $1,068 | $588 |
| 1 adult 3 children | $1,093 | $842 | $1,117 | $1,068 | $617 |
| 2 adults 2 children | $826 | $844 | $1,299 | $933 | $537 |
| 1 adult 2 children | $826 | $631 | $883 | $933 | $461 |
| 2 adults 1 child | $826 | $667 | $1,065 | $493 | $531 |
| 1 adult 1 child | $826 | $431 | $650 | $493 | $439 |
| 2 adults | $731 | $536 | $832 | $0 | $502 |
| 1 adult | $623 | $292 | $416 | $0 | $422 |
Safety trends & Data
Tyler County, Texas has experienced varying property crime rates over the past five years. Notably, 2021 saw a spike in both burglary and larceny-theft, with incidents doubling to ten and twelve, respectively. This trend could influence property values and insurance costs. Motor vehicle thefts have been inconsistent, further complicating the crime landscape. These fluctuations are crucial for real estate and insurance professionals, as well as potential investors and residents, to consider when... Read more
Property Crime Trends in Tyler County, TX Over the Last 5 Years
Tyler County, Texas has shown fluctuating property crime activity over the past five years. Initial data reveal sporadic arson cases, consistently low but still present. However, burglary and larceny-theft incidents have varied, with significant increases observed particularly in 2021, where burglaries doubled compared to prior years, reaching a peak at ten incidents. Larceny-theft mirrored this trend, also surging in 2021 to twelve incidents. Motor vehicle thefts saw a drastic initial drop but show inconsistency from 2018 to 2022. Real estate and insurance professionals, as well as potential investors and residents, should consider these crime patterns as they may impact property values, insurance premiums, and overall community safety perceptions.
Demographics
Tyler County, Texas seems to show a clear gender imbalance, with males outnumbering females by a notably large margin. Examining educational attainment reveals most residents have at least a high school diploma, though a significant portion still lacks one, indicating potential areas for educational improvement. The age distribution indicates a higher concentration of older adults, particularly in the 55-64 year range, suggesting the population might be aging. In terms of racial composition,... Read more
Race Distribution in Tyler County, Texas (2022)
Educational Attainment in Tyler County, Texas (2022)
Age Distribution in Tyler County, Texas
Citizen Population in Tyler County, Texas (2022)
Political Trends & Data
Tyler County, Texas, leaned heavily Republican in the 2020 U.S. Presidential Election, with about 85% of votes going to the Republican candidate. This overwhelming GOP support may underscore the conservative values prevalent in rural Texas counties, potentially influencing local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Tyler County, Texas, appeared to lean significantly Republican in the 2020 U.S. Presidential Election with around 85% of the vote. Democratic support was notably lower at roughly 15%, with minor percentages going to Libertarian and Green parties. This trend may reflect broader political tendencies in rural Texas counties, where conservative values typically hold strong influence over local voting behavior.
84.82% of voters voted for the Republican party in the 2020 Presidential Election
14.52% of voters voted for the Democrat party in the 2020 Presidential Election
0.54% 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
Tyler County, Texas, boasts a stable and slightly improving student-to-teacher ratio, now around eleven, compared to the national average of fourteen. This trend might indicate stronger educational support, potentially making the area more appealing to families prioritizing quality education. For real estate investors or those considering relocation, this could signal a community that values and supports its educational resources, thereby enhancing its... Read more
Student-to-teacher ratio in Tyler County, Texas over the last 10 years
Tyler County, Texas has experienced a relatively stable student-to-teacher ratio over the past decade, consistently hovering around twelve, but showing a slight downward trend in recent years, with 2023 at approximately eleven. This is below the national average of fourteen students per teacher, which implies potentially more personalized attention for students in this area. For those considering investment, relocation, or involvement in the local real estate market, this lower ratio might be indicative of stronger educational support, which could make the area more attractive to families seeking quality education for their children.
