Washington County Real Estate and Livability Trends
In Washington County, Texas, median home values have surged from $152,800 in 2015 to $248,300 by 2022, hinting at a particularly hot real estate market. Rising real estate taxes, increasing from $4,144.55 in 2012 to $6,976.85 in 2021, suggest growing property values and potential homeownership costs. Concurrently, the average taxable income per tax return has seen an upward trend, notably jumping... Read more
Washington County Market Trends
Washington County, Texas, has seen its median home values skyrocket from $152,800 in 2015 to $248,300 by 2022, signaling a hotter-than-average local real estate market compared to statewide and national trends. Energy tax credits have varied dramatically, peaking at $3,054.55 in 2018 and suggesting significant investments in energy efficiency. Real estate taxes have climbed consistently over the... Read more
Median Value of Occupied Housing Units in Washington County, Texas Over the Last 8 Years
The median home values in Washington County, Texas, have experienced substantial growth over the last eight years, jumping from $152,800 in 2015 to $248,300 in 2022. Compared to statewide and national trends, Washington County's market appears to be increasing at a faster rate. While the average home value in Texas went from $136,000 to $238,000 over the same period, the national numbers show a rise from $125,500 to $179,400. For those looking to invest or move, this marked rise could suggest a burgeoning local market, making Washington County an attractive area for potential homebuyers and real estate investors.
Residential Energy Tax Credit Per Tax Return in Washington County, TX Over the Last 9 Years
Washington County, Texas has shown a notable variation in residential energy tax credits claimed per tax return over the past nine years. The average credit per return saw a significant increase in 2016, reaching $1,095.24, and then spiked to $1,600.00 in 2017 before peaking dramatically at $3,054.55 in 2018. Subsequent years displayed some fluctuation, with amounts stabilizing around the $1,360.00 to $1,585.71 range. This data is crucial for investors and real estate agents considering property in the area, as rising energy tax credits might point to increased energy efficiency investments or higher energy costs being offset by these credits. Appraisers and insurance agents may also find this trend beneficial in understanding the region's evolving property values and potential risk profiles.
Average Real Estate Taxes Per Tax Return in Washington County, TX Over the Last 10 Years
Real estate taxes in Washington County, Texas have displayed a noticeable upward trend over the past decade, starting at approximately $4,144.55 in 2012 and peaking at around $7,152.34 in 2020 before slightly decreasing to $6,976.85 in 2021. Investors and prospective homeowners should be aware that this reflects a nearly continuous rise, indicating increasing property values and potentially escalating costs of homeownership in the area. This can be a critical factor for financial planning and budgeting, making it essential for stakeholders including appraisers and real estate agents to understand these shifts.
Percentage of Farm Returns in Washington County, TX Over the Last 10 Years
Over the last decade, Washington County, Texas has seen farm tax returns fluctuate between about 11.77% and 12.59%. Farm tax returns are filings made by agricultural businesses reporting their income, expenses, and other financial details, providing insights into the region's agricultural economic health. A general upward trend from 2012 to 2021 could suggest a relatively stable farming community, potentially appealing to investors and those considering moving to or developing property in the area.
Number of Mortgages by Occupancy Type in Washington County, TX Over the Last 5 Years in Washington County
There's been a noticeable fluctuation in the number of mortgages by occupancy type in Washington County, Texas over the past five years. Principal residences consistently dominate, peaking in 2020 with 1,692 mortgages before slightly declining. Investment property mortgages have seen a gradual increase, showcasing a potential interest among investors. Second residences have remained relatively stable with minor variations. These trends may indicate shifting preferences and investment strategies, impacting housing demand, property values, and insurance assessments. Understanding these changes is crucial for prospective investors, real estate professionals, and residents to navigate the evolving market landscape effectively.
Economic Outlook
In Washington County, Texas, the average taxable income per tax return has generally trended upward over the last nine years, peaking significantly between 2020 and 2021 with an increase from around $69,728.78 to approximately $84,856.57. This uptick underscores a potentially growing local economy and higher disposable incomes, making it attractive for real estate investment and business development. Fluctuations in average state and local income taxes, with peaks in 2015 and 2019 and dips in... Read more
Average Taxable Income per Tax Return in Washington County, TX over the last 9 years
In Washington County, Texas, the average taxable income per tax return has shown a general upward trend over the last nine years, albeit with some fluctuations. The most notable rise occurred between 2020 and 2021, where there was an increase from approximately $69,728.78 to around $84,856.57, which potential investors or those moving to the area might find particularly appealing. This steady increase in average taxable income suggests a growing local economy and possibly higher disposable incomes, highlighting potential opportunities for real estate and business development. Insurance agents and appraisers will also find these trends useful in assessing the area's economic stability.
Average State and Local Income Taxes Per Tax Return in Washington County, TX Over the Last 10 Years
Over the past decade, Washington County, Texas has seen significant fluctuations in average state and local income taxes per tax return. Peaks occurred in 2015 and 2019 with averages reaching roughly $12,450.00 and $12,528.57, respectively. On the other hand, 2016 and 2020 saw notable dips to around $4,646.15 and $4,871.43. These variations may indicate economic shifts or changes in local fiscal policies, providing valuable insights for investors, real estate professionals, and residents who are navigating financial planning and property investments.
Average Total Tax Liability Per Tax Return in Washington County, TX Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Washington County, Texas, has shown fluctuations but an overall upward trend. Key years like 2014 and 2017 experienced notable spikes, reaching up to $13,621.95 and $13,615.12, respectively, with a significant peak in 2021 at $16,021.91. These shifts could imply varying economic conditions and tax policy changes impacting residents. For investors and potential homeowners, this data might suggest evolving fiscal pressures or opportunities within the county. Real estate agents and appraisers could use these insights to better position properties and understand market dynamics for prospective buyers.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,341 | $1,247 | $1,890 | $1,393 | $909 |
| 1 adult 4 children | $1,341 | $1,018 | $1,446 | $1,393 | $1,029 |
| 2 adults 3 children | $1,341 | $1,018 | $1,640 | $1,393 | $744 |
| 1 adult 3 children | $1,341 | $831 | $1,196 | $1,393 | $826 |
| 2 adults 2 children | $971 | $834 | $1,389 | $1,216 | $630 |
| 1 adult 2 children | $971 | $623 | $945 | $1,216 | $593 |
| 2 adults 1 child | $971 | $659 | $1,138 | $641 | $609 |
| 1 adult 1 child | $971 | $426 | $695 | $641 | $501 |
| 2 adults | $850 | $529 | $888 | $0 | $529 |
| 1 adult | $817 | $289 | $444 | $0 | $469 |
Safety trends & Data
Washington County, Texas has seen notable fluctuations in property crime rates over the past five years. Larceny-theft, which peaked at 94.00 arrests in 2018, saw a significant drop to 27.00 arrests by 2021. Motor vehicle thefts nearly doubled from 7.00 arrests in 2018 to 18.00 in 2022. Burglary incidents had a spike in 2019 with 15.00 arrests but declined thereafter. Lower but persistent fraud and forgery/counterfeiting incidents continue to impact the area. These crime rate variations can... Read more
Property Crime Trends in Washington County, TX Over the Last 5 Years
Over the last five years, Washington County, Texas has shown varied property crime trends. Larceny-theft remains a significant concern with the highest value in 2018 at 94.00 arrests, though it decreased notably by 2021 to 27.00 arrests. The county experienced a spike in motor vehicle thefts, almost doubling from 7.00 arrests in 2018 to 18.00 in 2022. Burglary incidents had an unusual peak in 2019 with 15.00 arrests before declining in subsequent years. Fraud and forgery/counterfeiting incidents have generally been lower compared to other property crimes but still present. These fluctuations in crime rates can greatly influence property values, insurance premiums, and overall community standards, making this data crucial for potential investors, homeowners, and local businesses.
Demographics
Washington County, Texas shows a slight female majority in its adult population, impacting community and social dynamics. The educational landscape is varied, yet a significant segment holds only a high school diploma or some college experience, influencing the local workforce and economic opportunities. The age distribution suggests a balanced mix, but there's a noticeable count in the 55 to 64 age bracket, hinting at potential retirement-related market needs. Racially, the area is... Read more
Race Distribution in Washington County, Texas (2022)
Educational Attainment in Washington County, Texas (2022)
Age Distribution in Washington County, Texas
Citizen Population in Washington County, Texas (2022)
Political Trends & Data
In Washington County, Texas, the 2020 U.S. Presidential Election revealed a robust Republican dominance with approximately 74% of the votes, contrasted by around 24% for Democrats. The collective 1% for minor parties, including Libertarians and Greens, marks a minimal influence. This political landscape underscores a strong Republican presence but also shows a small yet notable Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Washington County, Texas, the 2020 U.S. Presidential Election saw a significant leaning towards the Republican Party, capturing approximately 74% of the votes. Democrats garnered around 24%, indicating limited but notable support. The Libertarian Party and Green Party, as well as other minor parties, collectively accounted for just over 1% of the votes, suggesting minimal impact on the overall election results. This distribution highlights a strong Republican presence in the county with a small, yet discernible, Democratic base.
74.36% of voters voted for the Republican party in the 2020 Presidential Election
24.45% of voters voted for the Democrat party in the 2020 Presidential Election
1.02% 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
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Washington County, Texas has seen its student-to-teacher ratio dip from a peak of 15 in 2020 to around 12 in 2023, consistently staying at or below the national average of 14. This could mean more personalized attention in classrooms, making the area more attractive to families prioritizing education. Real estate agents and investors might see this as a plus, potentially boosting property values and market demand. Appraisers and insurance agents should also factor in these trends, as lower... Read more
Student-to-teacher ratio in Washington County, Texas over the last 10 years
Over the past decade, the student-to-teacher ratio in Washington County, Texas has shown some fluctuation, peaking at 15 in 2020 but falling to about 12 in 2023. This metric has consistently remained close to or below the national average of 14, suggesting relatively favorable classroom sizes when compared to other regions. For educators and families, this potentially implies more personalized attention for students. Investors and real estate agents might find this appealing, as it enhances the area's attractiveness for families prioritizing education. Appraisers and insurance agents can consider these trends when evaluating property values, as areas with lower student-to-teacher ratios can often be seen as more desirable, impacting both market demand and insurance risk assessments.
