Val Verde County Real Estate and Livability Trends
Val Verde County, Texas, has enjoyed a steady climb in average taxable income, moving from $40,975.54 in 2013 to $50,947.04 in 2021, potentially signaling a stronger local economy. Housing values have also seen an uptick, rising from $92,400 in 2015 to $138,500 in 2022, making it appealing for budget-conscious buyers and investors. However, noteworthy variability in state and local income taxes,... Read more
Val Verde County Market Trends
Val Verde County, Texas, housing values have climbed from $92,400 in 2015 to $138,500 in 2022, still sitting below the Texas and national averages, potentially making it an appealing area for budget-friendly homeownership and investment opportunities. A notable rise in residential energy tax credits, peaking at $4,376.47 in 2021, suggests a focus on energy-efficient home improvements, which could... Read more
Median Value of Occupied Housing Units in Val Verde County, Texas Over the Last 8 Years
The median value of occupied housing units in Val Verde County, Texas has seen a steady increase over the past eight years, surging from $92,400 in 2015 to $138,500 in 2022. While these values are climbing, they remain significantly lower than both the Texas state average, which jumped from $136,000 to $238,000 in the same period, and the national average, which rose from $125,500 to $179,400. For investors, this disparity might suggest that Val Verde County could offer more affordable investment opportunities compared to broader markets. Additionally, for potential residents, the lower median home values relative to state and national figures may present an attractive option for more budget-friendly homeownership in Texas.
Residential Energy Tax Credit Per Tax Return in Val Verde County, TX Over the Last 9 Years
Val Verde County has seen a significant uptick in the average residential energy tax credit per tax return over the past nine years. Starting at $287.50 in 2013, the credits saw a notable jump in 2017 and spiked dramatically to $3,925 in 2018. While there was a slight decline in 2019, the 2021 average hit a high of $4,376.47. This trend might reflect growing investments in energy-efficient home improvements. This could be an attractive aspect for investors, real estate agents, and homebuilders considering energy-efficient property developments in this Texas region.
Average Real Estate Taxes Per Tax Return in Val Verde County, TX Over the Last 10 Years
Over the past decade, Val Verde County in Texas has shown a generally increasing trend in real estate taxes per tax return, peaking notably in 2019 at $5811.11. This fluctuation could signal shifting property values or changes in tax policy, which might be relevant for potential investors and developers. For real estate professionals, staying abreast of these tax shifts might offer insights into long-term property costs and investment returns, while insurance agents might find it useful for risk assessment and policy pricing.
Percentage of Farm Returns in Val Verde County, TX Over the Last 10 Years
Farm tax returns in Val Verde County, Texas have generally shown a slight decline over the last decade, starting at approximately 1.52% in 2012 and dropping to around 1.29% by 2021. Despite occasional upticks, such as in 2018, the overall trend exhibits a gradual decrease. This may suggest shifts in agricultural activity, land use priorities, or economic factors influencing farming viability. For those interested in investing or relocating, understanding these farm return trends could provide insights into the agricultural economic environment and potential land use changes in the area.
Number of Mortgages by Occupancy Type in Val Verde County, TX Over the Last 5 Years in Val Verde County
Mortgages for principal residences in Val Verde County, Texas, consistently outnumber those for investment and second properties by a large margin, suggesting a steady demand for primary homes. Fluctuations in investment property mortgages hint at varying investor confidence, possibly tied to broader economic conditions or local market shifts. Second residence mortgages remain minimal but saw an uptick in 2020, perhaps reflecting trends in secondary home purchases. Understanding these trends is crucial for prospective investors, real estate agents, and others with interests in property markets, offering insights into buyer priorities and market health. Changes in occupancy types might affect property values, insurance premiums, and even the local economy due to different maintenance and usage patterns by owners.
Economic Outlook
Val Verde County, Texas, has seen a general uptrend in average taxable income per tax return over the past nine years, starting at about $40,975.54 in 2013 and reaching around $50,947.04 in 2021. This steady rise in income hints at a strengthening local economy, which might attract interest from investors, developers, and real estate agents. Additionally, state and local income taxes per tax return have shown notable variability, peaking at approximately $6,300.00 in 2020. This variability... Read more
Average Taxable Income per Tax Return in Val Verde County, TX over the last 9 years
Over the past nine years, Val Verde County, Texas, has experienced a general uptrend in average taxable income per tax return. Starting at approximately $40,975.54 in 2013, it saw fluctuations but overall increased to around $50,947.04 by 2021. This steady rise in income may concern potential investors, developers, and real estate agents indicating a gradually strengthening local economy. Appraisers could view this data as reflective of potential growth in property values, and insurance agents might consider this in risk assessments and setting premiums.
Average State and Local Income Taxes Per Tax Return in Val Verde County, TX Over the Last 10 Years
Val Verde County, Texas has seen a notable variability in average state and local income taxes per tax return over the last decade. From a low of around $2,972.73 in 2015, there was a sharp increase to approximately $6,300.00 in 2020. Such fluctuations could imply changing economic conditions, shifts in tax policy, or variations in the average income levels of residents. For potential investors, real estate agents, and insurance agents, these figures suggest dynamic economic factors at play, which may influence property values, premium rates, and investment opportunities in the area.
Average Total Tax Liability Per Tax Return in Val Verde County, TX Over the Last 10 Years
Over the last decade, Val Verde County in Texas has seen a fluctuating trend in average total tax liability per tax return, with a noticeable peak in 2021 at $6,543.79. Starting at $5,497.47 in 2012, the liability saw a significant rise by 2017, reaching $6,105.31, followed by a brief dip in 2018 before climbing again. This trend suggests variable economic conditions and possibly changing tax policies impacting residents. For potential investors, real estate agents, and those considering a move to Val Verde County, understanding these fluctuations provides insight into the area's financial landscape and its implications for property and investment decisions.
Cost of Living in Val Verde County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,207 | $1,134 | $1,934 | $996 | $686 |
| 1 adult 4 children | $1,207 | $926 | $1,480 | $996 | $742 |
| 2 adults 3 children | $1,207 | $926 | $1,677 | $996 | $549 |
| 1 adult 3 children | $1,207 | $756 | $1,223 | $996 | $527 |
| 2 adults 2 children | $900 | $758 | $1,421 | $869 | $480 |
| 1 adult 2 children | $900 | $566 | $967 | $869 | $411 |
| 2 adults 1 child | $900 | $599 | $1,164 | $455 | $502 |
| 1 adult 1 child | $900 | $387 | $710 | $455 | $415 |
| 2 adults | $684 | $482 | $908 | $0 | $458 |
| 1 adult | $679 | $263 | $454 | $0 | $417 |
Safety trends & Data
Property crime trends in Val Verde County, Texas, show notable fluctuations over the past five years, influencing both potential investors and residents. Noteworthy patterns include a dramatic drop in larceny-theft from 52 cases in 2018 to just 4 in 2021, before settling at 15 in 2022. Similarly, burglary numbers hit their lowest in 2021 with 12 instances, only to rise back to 24 in 2022. Vandalism exhibited significant volatility, peaking at 26 cases in 2020, dropping to 1 in 2021, and rising... Read more
Property Crime Trends in Val Verde County, TX Over the Last 5 Years
Property crime trends in Val Verde County, Texas show fluctuating levels over the past five years, impacting potential investors and residents alike. Arson cases were minimal, peaking slightly at 3 instances in 2021, while burglary numbers dropped to their lowest in 2021 at 12, only to jump back to 24 in 2022. Larceny-theft saw a significant decrease from 52 cases in 2018 to just 4 in 2021, before settling at 15 in 2022. Motor vehicle theft remained relatively low but doubled from 2 to 9 cases between 2018 and 2022. Fraud cases peaked modestly in 2019 at 5 cases and declined thereafter. Vandalism displayed considerable volatility, peaking at 26 cases in 2020 and decreasing to 1 in 2021, then rose again to 15 in 2022. These trends suggest a somewhat unpredictable property crime landscape, advising caution but not deterrence for those looking to engage with Val Verde County's real estate market.
Demographics
Val Verde County, Texas shows an adult population with a slight majority of males over females. The area has diverse education levels, with a significant number of residents having a high school diploma and a smaller portion holding a bachelor's degree or higher. The age distribution is relatively balanced, though there is a noticeable youth presence and a gradual decline in older age brackets, which could imply a potentially young workforce in the future. Racially, the population is... Read more
Race Distribution in Val Verde County, Texas (2022)
Educational Attainment in Val Verde County, Texas (2022)
Age Distribution in Val Verde County, Texas
Citizen Population in Val Verde County, Texas (2022)
Political Trends & Data
Val Verde County, Texas, shifted slightly more Republican in the 2020 U.S. Presidential Election, with around 54% of votes going that way. Democrats snagged about 44%, showing notable support even if not a majority. Minor parties like the Libertarian and Green collectively drew just over 1%, pointing to a mostly two-party scene with sporadic third-party interest. This political lean might impact local real estate trends, as buyer preferences and community developments are often influenced by... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Val Verde County, Texas, leaned slightly more Republican in the 2020 U.S. Presidential Election, with approximately 54% of votes. Democrats captured around 44% of the vote, indicating a significant, though not majority, presence. Minor parties, such as the Libertarian and Green parties, garnered minimal support, collectively accounting for a bit more than 1% of the vote. This mix suggests a predominantly two-party competition with occasional third-party interest.
54.21% of voters voted for the Republican party in the 2020 Presidential Election
44.31% of voters voted for the Democrat party in the 2020 Presidential Election
1.11% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Val Verde County, Texas, typically has higher student-to-teacher ratios than the national average, ranging from 15 to 18 students per teacher over the past decade. This suggests potentially larger class sizes and possibly fewer educational resources, which could indirectly influence property values and local insurance rates. Investors and potential residents should be aware that these factors might shed light on the educational system's capacity and funding issues in the... Read more
Student-to-teacher ratio in Val Verde County, Texas over the last 10 years
Val Verde County, Texas has shown variations in its student-to-teacher ratios over the past decade, typically above the national average of 14 students per teacher. The ratios have ranged between 15 and 18 students per teacher, peaking around 17.7 in 2014 and dropping to a low of 15.1 in 2018. For potential investors, real estate agents, or those considering moving to the area, these ratios suggest slightly larger class sizes compared to other counties, potentially impacting educational attention and resources. This higher ratio might indicate overcrowded classrooms or underfunded school systems, which could consequently affect property values and insurance considerations.
