Upshur County Real Estate and Livability Trends
In Upshur County, Texas, economic indicators like the average taxable income per tax return have seen a rise, peaking at $59,352.92 in 2021. Meanwhile, median home values significantly increased from $93,700 in 2015 to $166,600 in 2022, surpassing national and state growth rates, and pointing to a robust real estate market. The student-to-teacher ratio has stayed below the national average,... Read more
Upshur County Market Trends
Median home values in Upshur County, Texas surged from $93,700 in 2015 to $166,600 in 2022, outperforming both national and state growth rates. The county also saw a noteworthy rise in residential energy tax credits, peaking at $2,557.14 in 2018, suggesting a trend towards energy-efficient home improvements. Real estate taxes have climbed from approximately $2,784 in 2012 to about $4,848 in 2021,... Read more
Median Value of Occupied Housing Units in Upshur County, Texas Over the Last 8 Years
Median home values in Upshur County, Texas, have experienced a significant uptick over the past eight years, rising from $93,700 in 2015 to $166,600 in 2022. This growth trajectory outpaces the national median home value, which increased from $125,500 to $179,400 in the same period. Likewise, Texas as a whole saw its median home values climb from $136,000 to $238,000. Such a rapid increase in property values in Upshur County might catch the attention of potential investors and homebuyers, suggesting both growing demand and potential future increases in property valuations.
Residential Energy Tax Credit Per Tax Return in Upshur County, TX Over the Last 9 Years
Upshur County, Texas has seen a notable rise in the average residential energy tax credit per tax return over the past nine years, peaking at $2,557.14 in 2018 before stabilizing to $1,852.00 in 2021. This trend suggests increased homeowner investment in energy-efficient upgrades, making the area increasingly attractive for eco-conscious buyers and investors. For appraisers and insurance agents, the uptick in energy tax credits could reflect higher home values and potentially lower long-term risks due to better-maintained properties. Real estate agents and builders may also find this trend indicative of a growing market for homes with energy-efficient features.
Average Real Estate Taxes Per Tax Return in Upshur County, TX Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Upshur County, Texas have experienced a noticeable upward trend, starting at roughly $2,784 in 2012 and reaching about $4,848 in 2021. The steady increase, especially the sharp jump between 2017 and 2019, indicates a growing burden on homeowners and might signal rising property values or changes in local tax policies. This pattern could be significant for potential investors, real estate agents, and insurers evaluating the market's trajectory and its implications on property-related expenses.
Percentage of Farm Returns in Upshur County, TX Over the Last 10 Years
Over the past decade in Upshur County, Texas, the percentage of farm tax returns has generally fluctuated between 7.54% and 8.34%. Peaks were seen in 2016 and 2018 with percentages at 8.21% and 8.34%, respectively. Farm tax returns typically indicate a measure of agricultural activity and stability, so this data might suggest modest but consistent agricultural productivity in the area. Investors or potential residents should consider the stable presence of farming when evaluating the economic health and opportunities within the county.
Number of Mortgages by Occupancy Type in Upshur County, TX Over the Last 5 Years in Upshur County
Shifts in mortgage types in Upshur County, Texas suggest fluctuating confidence in investment properties and principal residences over the last five years. Principal residences consistently dominate, peaking in 2021 with 2,116 mortgages, which reflects a robust housing demand likely driven by economic or demographic factors. In contrast, investment property mortgages show moderate stability with slight variations, indicating cautious investor behavior. Interestingly, second residence mortgages remain relatively low, hinting at a lesser focus on vacation or secondary homes. These occupancy trends could influence local real estate market strategies, affecting everyone from investors eyeing stable residency areas to insurance agents assessing risk profiles in the area.
Economic Outlook
Upshur County, Texas has experienced a notable increase in average taxable income per tax return over the past nine years, peaking at $59,352.92 in 2021, up from $47,445.88 in 2013. This suggests a strengthening local economy, potentially raising property values and living standards. Meanwhile, average state and local income taxes per return climbed from $3,037.50 in 2015 to $5,316.67 in 2021, indicating higher fiscal demands which could impact cost of living and municipal benefits.... Read more
Average Taxable Income per Tax Return in Upshur County, TX over the last 9 years
Over the past nine years, the average taxable income per tax return in Upshur County, Texas has seen a notable increase, making it an interesting spot for potential investments and relocations. In 2013, the average was $47,445.88, but it peaked at $59,352.92 in 2021. While there were minor fluctuations, overall growth indicates an upward economic trend, which could be attractive to appraisers and real estate agents. This steady increase could suggest a strengthening local economy, potentially leading to higher property values and living standards, which might also impact insurance evaluations positively.
Average State and Local Income Taxes Per Tax Return in Upshur County, TX Over the Last 10 Years
In Upshur County, Texas, average state and local income taxes per tax return have shown a fluctuating trend over the past decade, with a noticeable uptick in the last few years. From a low of $3,037.50 in 2015, taxes rose to $5,316.67 in 2021, suggesting increased fiscal demands. This uptick might interest potential homebuyers and investors considering the area's financial landscape, as it indicates potential changes in municipal benefits and/or budget priorities that could affect cost of living and property valuations.
Average Total Tax Liability Per Tax Return in Upshur County, TX Over the Last 10 Years
Over the past decade in Upshur County, Texas, the average total tax liability per tax return has shown some fluctuations, peaking in 2021 at approximately $7,931.33. Notably, there was a significant increase between 2013 and 2015, where the liability rose from around $6,942.50 to approximately $7,681.72. This kind of volatility can impact property values, investment decisions, and overall economic stability, which are crucial factors for potential investors, homebuyers, and real estate professionals. The trends suggest a general upward trajectory in tax liabilities, which is essential information for long-term financial planning and property appraisal in the area.
Cost of Living in Upshur County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,354 | $1,287 | $1,710 | $1,252 | $855 |
| 1 adult 4 children | $1,354 | $1,051 | $1,306 | $1,252 | $971 |
| 2 adults 3 children | $1,354 | $1,051 | $1,485 | $1,252 | $695 |
| 1 adult 3 children | $1,354 | $858 | $1,081 | $1,252 | $749 |
| 2 adults 2 children | $971 | $861 | $1,259 | $1,088 | $579 |
| 1 adult 2 children | $971 | $643 | $855 | $1,088 | $538 |
| 2 adults 1 child | $971 | $680 | $1,034 | $557 | $572 |
| 1 adult 1 child | $971 | $439 | $630 | $557 | $487 |
| 2 adults | $816 | $546 | $808 | $0 | $519 |
| 1 adult | $742 | $298 | $404 | $0 | $459 |
Safety trends & Data
Upshur County, Texas has experienced varied trends in property crimes over the past five years. Larceny-theft peaked in 2019 with 75.00 incidents but declined to 37.00 by 2022. Burglary incidents spiked in 2021 at 24.00 but fell to 11.00 in 2022. Motor vehicle theft has remained stable, averaging around 6.00 cases annually. Vandalism saw a significant rise in 2020 with 13.00 cases but decreased to 8.00 by 2022. These trends may impact property values and neighborhood safety perceptions,... Read more
Property Crime Trends in Upshur County, TX Over the Last 5 Years
Upshur County, Texas has seen varied trends in property crimes over the past five years. Notably, larceny-theft appears to have peaked in 2019 with 75.00 reported incidents but has gradually declined to 37.00 by 2022. Similarly, burglary incidents fluctuated with a spike in 2021 at 24.00, but dropped to 11.00 in 2022. Motor vehicle theft has remained relatively stable, averaging around 6.00 cases annually. Vandalism showed a significant increase in 2020 with 13.00 cases, but has since reduced to 8.00 cases in 2022. For investors and those looking to relocate, it's worth considering how these trends could impact property values and neighborhood safety perceptions. Appraisers and insurance agents may see these crime trends as critical factors in their risk assessments and pricing models.
Demographics
Upshur County, Texas exhibits a nearly balanced gender ratio with the male population slightly trailing the female population. Educationally, the majority of residents either hold a high school diploma or have attended some college without obtaining a degree, while fewer attain higher education levels such as a bachelor's or graduate degree. Age-wise, the county shows a significant number of individuals between 35 and 64 years, hinting at a mature working-age population. The racial composition... Read more
Race Distribution in Upshur County, Texas (2022)
Educational Attainment in Upshur County, Texas (2022)
Age Distribution in Upshur County, Texas
Citizen Population in Upshur County, Texas (2022)
Political Trends & Data
Upshur County, Texas displayed a pronounced conservative tilt during the 2020 U.S. Presidential Election. With Republican candidates potentially securing over 83% of the vote and Democrats garnering about 15%, the county's political landscape appeared firmly right-leaning. This sharp division might spotlight deep-rooted regional and cultural influences shaping voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Upshur County, Texas leaned heavily Republican in the 2020 U.S. Presidential Election, with Republican candidates possibly securing more than 83% of the vote, while Democratic candidates garnered around 15%. The Libertarian and Green parties, along with other minor parties, collectively made up a minuscule fraction of the vote share. This stark contrast suggests a strong conservative inclination within the county, reflecting broader regional and possibly cultural trends.
83.68% of voters voted for the Republican party in the 2020 Presidential Election
15.23% of voters voted for the Democrat party in the 2020 Presidential Election
0.95% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% of voters voted for the Green party in the 2020 Presidential Election
0.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
Upshur County, Texas, has consistently maintained a student-to-teacher ratio below the national average, ranging from eleven to thirteen students per teacher over the past decade. Recently, ratios dipped to around eleven students per teacher from 2020-2023, suggesting smaller class sizes that could appeal to families seeking individualized attention for their children. This trend might imply a stable or increasing demand for housing in areas viewed as having higher-quality educational... Read more
Student-to-teacher ratio in Upshur County, Texas over the last 10 years
Upshur County, Texas, has generally maintained a student-to-teacher ratio below the national average of fourteen students per teacher over the past decade. Ratios fluctuated between eleven and thirteen students per teacher, with a noticeable dip to approximately twelve students per teacher in recent years, particularly dropping to around eleven students per teacher in 2020-2023. This lower ratio suggests smaller class sizes, which might be appealing to families seeking more individualized attention for their children and could influence decisions for those considering relocation or investment in the local education system. For real estate agents, appraisers, and investors, such trends might imply a stable or increasing demand for housing in areas with perceived higher-quality educational resources.
