Victoria County Real Estate and Livability Trends
Victoria County, Texas has seen notable fluctuations in average taxable income, peaking at $67,524.40 in 2013 and rising again to $73,113.65 in 2021, amid varied state and local income taxes hitting $8,785.71 in the same year. Median home values rose to $181,200 in 2022, offering potentially more affordable investment opportunities compared to the Texas state median of $238,000. Increasing real... Read more
Victoria County Market Trends
Victoria County, Texas has seen its median home values rise to $181,200 in 2022, still below the Texas state median of $238,000. For investors, this could mean more affordable opportunities in comparison to broader markets. Residential energy tax credits fluctuated, peaking in 2018 and 2021 with averages over $1,800, suggesting sporadic boosts in energy-efficient home improvements. Real estate... Read more
Median Value of Occupied Housing Units in Victoria County, Texas Over the Last 8 Years
Victoria County, Texas has seen a steady rise in median home values over the last eight years, culminating at $181,200 in 2022. This growth trajectory, though generally positive, remains somewhat below Texas' state median of $238,000 and the national median of $179,400. For investors or those looking to purchase property, this suggests that Victoria County could offer more affordable opportunities compared to broader state and national markets. Meanwhile, current residents might see an increase in property value, enhancing their equity.
Residential Energy Tax Credit Per Tax Return in Victoria County, TX Over the Last 9 Years
Residential energy tax credits in Victoria County, Texas, have shown significant fluctuations over the past nine years. Notably, 2018 and 2021 saw peaks with averages of $1868.75 and $1832.65 per tax return, suggesting a possible rise in energy-efficient home improvements during these years. While 2014 also stands out with an average of $838.46, other years like 2013 and 2016 experienced lower averages around $375.86 and $504.08 respectively. This variability indicates fluctuating investment in energy-saving measures, which might interest real estate agents, builders, and insurers assessing the evolving priorities in local residential properties.
Average Real Estate Taxes Per Tax Return in Victoria County, TX Over the Last 10 Years
Real estate taxes per tax return in Victoria County, Texas have shown a consistent increase over the last decade, rising from around $4,494.85 in 2012 to approximately $7,527.21 in 2021. Notable spikes occurred in 2017 and 2018, with the taxes jumping to about $5,806.40 and $7,192.70 respectively. This upward trend, albeit with slight fluctuations, may indicate growing property values in the region, impacting investment prospects and the overall cost of living. These trends are essential for real estate agents, appraisers, insurance agents, and potential investors to consider when evaluating the market dynamics in Victoria County.
Percentage of Farm Returns in Victoria County, TX Over the Last 10 Years
Farm tax returns in Victoria County, Texas appear to have fluctuated modestly over the last decade. The percentage hovered around 4.18% in 2012, mildly dipped to 4.04% by 2014, and saw a slight increase, peaking at approximately 4.33% in 2017. This trend indicates a generally stable agricultural sector, with occasional upticks possibly reflecting varying economic conditions or farming practices. For potential investors or residents considering the area, this stability in farm returns might suggest a resilient local farming economy that potentially offers reliable investment opportunities despite slight annual variations.
Number of Mortgages by Occupancy Type in Victoria County, TX Over the Last 5 Years in Victoria County
Victoria County, Texas has seen noticeable fluctuations in mortgage counts across different occupancy types over the past five years. Principal residences dominate the mortgage landscape, peaking at 3,932 in 2021 but showing significant variation from year to year. In contrast, investment properties and second residences have significantly lower mortgage counts, though investment properties show a more consistent trend compared to the erratic numbers for second residences. Changes in the type of mortgages can impact property values, insurance rates, and market dynamics. A high proportion of principal residences might indicate stability and lower turnover, which is appealing to appraisers and insurance agents. Conversely, an uptick in investment properties could suggest growing rental markets or speculative buying, valuable information for potential investors. Understanding these dynamics provides crucial insights for real estate professionals and those considering a move to or investment in the area.
Economic Outlook
Victoria County, Texas has experienced significant income volatility over the past decade, with average taxable income per tax return peaking at $67,524.40 in 2013 and dipping to $58,449.37 by 2016, only to surge to $73,113.65 in 2021. Coupled with fluctuating state and local income taxes—hitting a high of $8785.71 in 2021—these trends indicate possible shifts in economic conditions or tax policies that could influence property values and the cost of living. Additionally, a rising poverty... Read more
Average Taxable Income per Tax Return in Victoria County, TX over the last 9 years
Victoria County, Texas has seen notable fluctuations in average taxable income per tax return over the past nine years. From a high of $67,524.40 in 2013, the average income dipped to $58,449.37 by 2016, reflecting a potential economic downturn or changes in employment patterns. The recovery period saw incremental increases, reaching $63,913.36 by 2017, with income stabilizing around the $63,000 to $64,000 range until 2020. Intriguingly, 2021 marked a sharp increase to $73,113.65, suggesting potential economic growth or significant changes in income for residents. These shifts are essential for investors, real estate agents, and anyone considering moving to or doing business in Victoria County, as they indicate broader economic trends that may influence property values, taxation, and insurance rates.
Average State and Local Income Taxes Per Tax Return in Victoria County, TX Over the Last 10 Years
Victoria County, Texas has seen a fluctuating trend in average state and local income taxes over the past decade. The figures reveal significant jumps, particularly from 2014 to 2015, with a notable peak in 2021 reaching $8785.71. This variability might suggest shifts in economic conditions or tax policy changes impacting residents. Prospective investors, homebuyers, and real estate agents might want to consider these fluctuations as they may influence housing market dynamics, property values, and the overall cost of living in the area.
Average Total Tax Liability Per Tax Return in Victoria County, TX Over the Last 10 Years
Victoria County, Texas experienced notable fluctuations in average total tax liability per tax return over the last decade. From a high of $14,859.10 in 2013 to a low of $10,626.36 in 2016, the data reveals a volatile tax environment. By 2021, this figure moderately rebounded to $13,010.11. These shifts are critical for investors, appraisers, and real estate agents to consider, as they reflect economic conditions affecting property values and local financial stability over the years.
Cost of Living in Victoria County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,521 | $1,223 | $2,080 | $1,321 | $965 |
| 1 adult 4 children | $1,521 | $998 | $1,592 | $1,321 | $1,086 |
| 2 adults 3 children | $1,521 | $999 | $1,804 | $1,321 | $795 |
| 1 adult 3 children | $1,521 | $815 | $1,316 | $1,321 | $878 |
| 2 adults 2 children | $1,194 | $818 | $1,528 | $1,149 | $681 |
| 1 adult 2 children | $1,194 | $611 | $1,040 | $1,149 | $651 |
| 2 adults 1 child | $1,194 | $646 | $1,252 | $591 | $661 |
| 1 adult 1 child | $1,194 | $417 | $764 | $591 | $549 |
| 2 adults | $960 | $519 | $977 | $0 | $559 |
| 1 adult | $887 | $283 | $488 | $0 | $487 |
Safety trends & Data
Victoria County, Texas has experienced varying property crime rates over the past five years. Larceny-theft has been a consistent issue, peaking at 334 incidents in 2019, with the lowest count at 158 in 2021. Motor vehicle thefts and burglaries reached their highest in 2020, with counts of 37 and 43, respectively. Noteworthy increases in vandalism incidents, totaling 23 in 2022, and a rise in forgery and counterfeiting to 16 in 2020, could influence property valuations and insurance premiums.... Read more
Property Crime Trends in Victoria County, TX Over the Last 5 Years
Victoria County, Texas has seen fluctuating property crime rates over the past five years, with larceny-theft consistently being the most prevalent issue. The number of larceny-theft incidents ranged from 158 in 2021 to 334 in 2019. Instances of motor vehicle theft and burglary also showed notable changes, peaking in 2020 with 37 motor vehicle thefts and 43 burglaries. New high counts in certain categories like vandalism in 2022 at 23 incidents, and a general increase in forgery and counterfeiting cases, rising to 16 in 2020. These trends could impact property valuations and insurance premiums, making it critical for potential investors, appraisers, and real estate professionals to factor in these dynamics when evaluating opportunities in Victoria County.
Demographics
Victoria County, Texas reveals a balanced adult population split between men and women, indicating a reasonably even gender distribution. Educational attainment varies, with a notable number of residents holding only a high school diploma or some college education, while fewer possess graduate or professional degrees. The age distribution skews toward younger demographics, likely reflecting a solid base for future growth; sizable groups are in the under 10 and 25 to 34 age brackets. Racial... Read more
Race Distribution in Victoria County, Texas (2022)
Educational Attainment in Victoria County, Texas (2022)
Age Distribution in Victoria County, Texas
Citizen Population in Victoria County, Texas (2022)
Political Trends & Data
Victoria County, Texas tends to lean heavily Republican, with around 68% of the 2020 presidential votes going to the GOP. In contrast, Democrats received about 30%, indicating a significant political gap between the two major parties. Third-party candidates, including Libertarians and the Green Party, garnered nearly 1% and just above 0.3% of the vote, respectively. This voting pattern not only underscores a strong conservative base but also hints at a small yet notable diversity in political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Victoria County, Texas likely leans heavily Republican, with about 68% of the 2020 presidential votes going to the GOP. Democrats garnered around 30%, showing a significant gap between the two main parties. Third-party candidates made up a minor portion of the vote, with Libertarians receiving nearly 1% and the Green Party landing just above 0.3%. This distribution suggests a strong conservative presence but also highlights a small yet notable diversity in political preferences.
68.32% of voters voted for the Republican party in the 2020 Presidential Election
30.36% of voters voted for the Democrat party in the 2020 Presidential Election
0.99% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Victoria County, Texas, the student-to-teacher ratio has generally tracked the national average over the last ten years, trending between 13 and 15 students per teacher. Notably, it was below the national average of 14 students per teacher from 2017 through 2019 but spiked to 15 in 2022. This metric could influence investment decisions, as lower ratios often signal better quality education, making the area more attractive to families. This factor could serve as a selling point for real... Read more
Student-to-teacher ratio in Victoria County, Texas over the last 10 years
Over the past decade, the student-to-teacher ratio in Victoria County, Texas has generally mirrored the national average, trending between 13 and 15 students per teacher. Notably under the national average of 14 students per teacher from 2017 through 2019, it spiked to 15 in 2022. These fluctuations might impact investment decisions, as lower student-to-teacher ratios are often seen as indicators of a higher quality education system, potentially making the area more attractive to families. For real estate agents and appraisers, this could be a selling point or a factor in property valuation. Insurance agents might consider the local school's quality when assessing risk and guiding clients.
