Ward County Real Estate and Livability Trends
Ward County, Texas has seen quite the rollercoaster in its average taxable income per tax return, with highs of $80,083.87 in 2018 and lows like $54,709.03 in 2016. Meanwhile, median home values climbed from $72,200 in 2015 to $117,700 in 2022, suggesting rising property appeal amid broader affordability. Residential energy tax credits surged, nearly tenfold from $427.27 in 2013 to $4,664.71 by... Read more
Ward County Market Trends
Over the last 8 years, Ward County, Texas has seen its median home values surge from $72,200 in 2015 to $117,700 in 2022. This comparative affordability might attract investors or new residents, especially given the broader market's sharper price hikes. Average residential energy tax credits per tax return jumped from $427.27 in 2013 to $4664.71 in 2021, hinting at notable investments in... Read more
Median Value of Occupied Housing Units in Ward County, Texas Over the Last 8 Years
Over the last 8 years, Ward County, Texas has seen its median home values surge from $72,200 in 2015 to $117,700 in 2022. This growth, although significant, still places Ward County's 2022 median home value well below the Texas state average of $238,000 and the national average of $179,400. This comparative affordability might be attractive to investors or those looking to move into the area, particularly when viewed against the backdrop of the broader market where prices are escalating more sharply.
Residential Energy Tax Credit Per Tax Return in Ward County, TX Over the Last 9 Years
Ward County, Texas has seen a substantial increase in average residential energy tax credits per tax return over the last nine years. Between 2013 and 2021, the average tax credit jumped from approximately $427.27 to $4664.71. Notably, there's been a pronounced uptick since 2018, suggesting a significant boost in investments towards energy efficiency or renewable energy solutions in residential properties. This trend may indicate growing local incentives, increased awareness of energy savings, and possibly higher up-front investments in energy-efficient home improvements.
Average Real Estate Taxes Per Tax Return in Ward County, TX Over the Last 10 Years
Ward County, Texas has seen significant fluctuations in average real estate taxes per tax return over the past decade. Starting at a modest average of $1,947.22 in 2012, the tax amount experienced a notable increase, with a sharp rise from $2,038.46 in 2018 to $5,360.00 in 2020, before dipping slightly to $4,490.91 in 2021. This upward trend could reflect developments in property values and possibly more substantial investments in the region. For stakeholders like real estate investors, insurance agents, and appraisers, these changes in real estate taxes may signal evolving economic conditions and property market dynamics within the county.
Percentage of Farm Returns in Ward County, TX Over the Last 10 Years
Ward County, Texas has seen varying percentage rates in farm tax returns over the past decade, starting at around 2.45% in 2012 and dipping to approximately 1.75% in 2013 and 2014. A slight increase was observed in 2015, reaching roughly 2.41%, followed by fluctuations that generally hovered between 1.65% and 2.17% through 2021. Farm tax returns, which represent the proportion of tax filings that are attributable to agricultural activities, provide insight into the economic focus and vitality of farming within the county. These trends may be relevant for investors and those looking to move to Ward County, as they could indicate the stability and economic significance of its agricultural sector.
Number of Mortgages by Occupancy Type in Ward County, TX Over the Last 5 Years in Ward County
Ward County in Texas has seen a noticeable trend in mortgage distribution over the last five years, with principal residences consistently making up the bulk of mortgages. There's a notable decrease in the number of investment property mortgages each year, highlighting a potential shift away from rental or commercial investments. Second residences also consistently make up a minuscule fraction of the market, indicating that they might not be a significant part of the county's housing landscape. For investors, real estate agents, and those looking to build or insure property in Ward County, this shift suggests a stable demand for primary homes but possibly less interest in investment opportunities, which could impact market strategies and property valuations. Additionally, appraisers might find more predictable ranges for primary residential properties, while insurers could focus more on coverage for homeowners rather than landlords or secondary homeowners.
Economic Outlook
Ward County, Texas has experienced significant ups and downs in average taxable income per tax return over the past nine years, with peaks like $71,548.24 in 2014 and $80,083.87 in 2018 contrasted by dips such as $54,709.03 in 2016 and $63,715.99 in 2020. Additionally, state and local income taxes per tax return have dropped sharply since 2013, from $6,100.00 in 2012 to $2,750.00 by 2017. This pattern coincides with fluctuations in total tax liability, which peaked at $15,020.36 in 2018 and... Read more
Average Taxable Income per Tax Return in Ward County, TX over the last 9 years
Ward County, Texas has seen notable fluctuations in average taxable income per tax return over the past nine years. Peaks in 2014 at $71,548.24 and 2018 at $80,083.87 hint at economic events or conditions driving income up during those years. Conversely, dips in 2016 to $54,709.03 and a more recent slump in 2020 to $63,715.99 might reflect broader economic downturns or local disruptions. This variability suggests that potential investors, real estate agents, and other stakeholders should consider both overall trends and specific years when evaluating the economic robustness of Ward County.
Average State and Local Income Taxes Per Tax Return in Ward County, TX Over the Last 6 Years
Ward County, Texas, has seen a notable downward shift in average state and local income taxes per tax return, especially after 2013. From $6,100.00 in 2012 and $6,000.00 in 2013, there's a significant drop to $2,050.00 in 2014, with modest increases in the subsequent years, reaching $2,750.00 by 2017. This trend could indicate changing economic conditions or shifts in local taxation policies, relevant for property investors, real estate agents, and potential residents evaluating long-term financial commitments in the area.
Average Total Tax Liability Per Tax Return in Ward County, TX Over the Last 10 Years
Over the last decade, Ward County, Texas has seen fluctuating trends in average total tax liability per tax return, with notable peaks around $15,020.36 in 2018. The lowest average tax liabilities appear to hit around $9,436.13 in 2016, indicating possible economic shifts or changes in tax policies. For investors and real estate agents, these variations could signal shifts in income levels and economic health, which might influence property values and investment opportunities. Insurance agents and appraisers could also be impacted by these trends, as fluctuating tax liabilities might correlate with changes in property risks and values.
Cost of Living in Ward County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,251 | $1,291 | $1,762 | $1,310 | $828 |
| 1 adult 4 children | $1,251 | $1,054 | $1,347 | $1,310 | $932 |
| 2 adults 3 children | $1,251 | $1,055 | $1,529 | $1,310 | $669 |
| 1 adult 3 children | $1,251 | $861 | $1,114 | $1,310 | $736 |
| 2 adults 2 children | $1,028 | $863 | $1,296 | $1,145 | $617 |
| 1 adult 2 children | $1,028 | $645 | $881 | $1,145 | $583 |
| 2 adults 1 child | $1,028 | $682 | $1,063 | $608 | $607 |
| 1 adult 1 child | $1,028 | $441 | $648 | $608 | $505 |
| 2 adults | $865 | $548 | $830 | $0 | $526 |
| 1 adult | $775 | $299 | $415 | $0 | $458 |
Safety trends & Data
Ward County, Texas has seen fluctuating property crime trends over the last five years. Burglaries spiked in 2022 with 14 incidents, while larceny-theft peaked in 2019 with 25 incidents before decreasing to 8 by 2022. Motor vehicle thefts varied, peaking at 12 in 2019 and stabilizing around 7-8 in later years. These dynamics could potentially influence investment decisions and real estate... Read more
Property Crime Trends in Ward County, TX Over the Last 5 Years
Ward County, Texas shows variable trends in property crime over the last five years. Between 2018 and 2022, there was an observable spike in burglaries in 2022, reaching 14 instances compared to prior years. Larceny-theft peaked in 2019 at 25 incidents but dramatically decreased to just 8 by 2022. Motor vehicle thefts have fluctuated, seeing a high of 12 in 2019 but then stabilizing around 7-8 in subsequent years. These shifts suggest changing dynamics in local crime patterns that may influence decisions for potential investors, real estate professionals, and residents considering the area.
Demographics
Ward County, Texas, exhibits a nearly equal distribution of male and female residents, which might suggest balanced economic and social dynamics. Residents with at least a high school diploma dominate the educational landscape, potentially correlating with the local job market's requirements. A notable proportion of the population is under 35 years old, pointing toward a relatively young community, which could influence housing and educational services demand. The predominance of White... Read more
Race Distribution in Ward County, Texas (2022)
Educational Attainment in Ward County, Texas (2022)
Age Distribution in Ward County, Texas
Citizen Population in Ward County, Texas (2022)
Political Trends & Data
Ward County, Texas, showcased a strong conservative trend in the 2020 U.S. Presidential Election, with nearly 80% of votes cast for the Republican party. Meanwhile, the Democratic party gathered less than 20% of the votes, and minor parties like the Libertarian and Green parties each secured less than 1%. This voting pattern underscores a dominant Republican presence and minimal influence from smaller parties, aligning with broader state-level political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ward County, Texas, in the 2020 U.S. Presidential Election saw a significant lead for the Republican party with nearly 80% of the votes, while the Democratic party garnered less than 20%. Minor parties, including the Libertarian and Green parties, each captured less than 1% of the vote. This distribution suggests a strong conservative lean in the county, which is reflective of broader state trends but also highlights the minimal impact smaller parties currently have in these local elections.
79.83% of voters voted for the Republican party in the 2020 Presidential Election
18.82% of voters voted for the Democrat party in the 2020 Presidential Election
0.71% of voters voted for the Livertarian party in the 2020 Presidential Election
0.64% of voters voted for the Green party in the 2020 Presidential Election
School Data
Ward County, Texas has seen its student-to-teacher ratio fluctuate around the national average of 14 students per teacher, peaking at 16 in 2018 and dropping to 12 in 2021. These changes might suggest varying enrollment numbers or shifts in teacher hiring practices. Both trends can impact property investment decisions, relocation considerations, and even influence resources and funding metrics for local... Read more
Student-to-teacher ratio in Ward County, Texas over the last 10 years
Ward County, Texas has experienced a fluctuation in student-to-teacher ratios over the last decade. The ratio has generally been near or below the national average of 14 students per teacher, with some notable exceptions. In 2018, the ratio peaked at 16 students per teacher, potentially suggesting increased enrollment or teacher shortages. More recently, in 2021, the ratio dropped to 12, possibly indicating an effort to improve educational outcomes by hiring more teachers or decreasing student enrollment. These variations could be crucial for prospective residents and investors by reflecting the evolving educational landscape, which can influence decisions on property investment, relocation, and even school funding and resource allocation.
