Wharton County Real Estate and Livability Trends
Wharton County, Texas, has witnessed a remarkable increase in median home values, jumping from $102,300 in 2015 to $170,100 in 2022, underscoring its affordability amidst broader market trends. Elevated residential energy tax credits, peaking at $1,560.00 in 2018, hint at a surge in energy-efficient home upgrades—an appealing feature for eco-conscious buyers. Consistent climbs in real estate... Read more
Wharton County Market Trends
Wharton County, Texas has seen its median home values rise impressively from $102,300 in 2015 to $170,100 in 2022, keeping pace with state and national trends but standing out for its affordability. There's a notable uptick in residential energy tax credits, peaking at $1,560.00 in 2018, pointing towards a growing investment in energy-efficient upgrades, an attractive detail for environmentally... Read more
Median Value of Occupied Housing Units in Wharton County, Texas Over the Last 8 Years
Over the past eight years, Wharton County, Texas has seen its median home value rise from $102,300 in 2015 to $170,100 in 2022. This steady growth might be appealing for potential investors. Compared to state and national trends, Wharton County's growth is compelling, given that Texas increased from $136,000 to $238,000 and the U.S. grew from $125,500 to $179,400 during the same period. This contrast could indicate that Wharton County provides more affordable opportunities without sacrificing growth potential.
Residential Energy Tax Credit Per Tax Return in Wharton County, TX Over the Last 9 Years
Wharton County, Texas has experienced a notable increase in residential energy tax credits per tax return over the last nine years, peaking substantially at $1,560.00 in 2018 and seeing continued high values around $1,405.56 to $1,537.50 in subsequent years. Investors and real estate agents may find this trend indicative of a community increasingly investing in energy-efficient upgrades, potentially reducing long-term living costs. Insurance agents and property appraisers could see these improvements as favorable indicators of value retention and risk mitigation. This upward trend could signal a growing awareness and adoption of sustainable practices among residents, making the area potentially attractive for environmentally conscious homeowners.
Average Real Estate Taxes Per Tax Return in Wharton County, TX Over the Last 10 Years
Over the past decade, Wharton County, Texas has seen a consistent increase in average real estate taxes per tax return, rising from $4,188.21 in 2012 to $7,165.57 in 2021. This steady upswing suggests heightened property valuations and potentially increased public spending or improved infrastructure. Prospective investors, property developers, and real estate agents might find these rising taxes indicative of a developing market and an evolving local economy. It's essential for appraisers and insurance agents to stay aware of these trends as they could impact property valuations and insurance premiums.
Percentage of Farm Returns in Wharton County, TX Over the Last 10 Years
The percentage of farm tax returns in Wharton County, Texas has seen slight fluctuations over the past decade, generally hovering around 8%. The highest point reached 8.47% in 2017, while the lowest dipped to about 7.51% in 2020. These figures provide a glimpse into the agricultural stability of the area, potentially appealing to investors or those considering building or moving to the region. Farmland in Wharton County could reflect relatively consistent returns, suggesting moderate but dependable agricultural activity.
Number of Mortgages by Occupancy Type in Wharton County, TX Over the Last 5 Years in Wharton County
Over the last five years in Wharton County, Texas, there's been a noticeable increase in mortgage counts for principal residences, rising from 889 in 2018 to 1,486 in 2021, with a slight dip to 1,134 in 2022. Investment property mortgages have remained relatively stable, peaking at 74 in 2022, while second residences have seen modest fluctuations, with the highest count being 40 in 2022. Shifts in occupancy type often reflect broader economic conditions, local development trends, and demographic shifts, which can influence property values, market stability, demand projections, and risk assessments for various stakeholders, from investors and appraisers to insurers and real estate agents.
Economic Outlook
Wharton County, Texas has experienced a steady climb in average taxable income per tax return over the past nine years, rising from $49,131.18 in 2016 to $63,742.77 in 2021. State and local income taxes have seen fluctuations, peaking at $6,360.00 in 2017 and hovering around $5,900.00 in 2021, indicating potential volatility. Meanwhile, the average total tax liability has varied, dropping to $8,270.50 in 2016 and rising to $11,050.82 in 2021. These trends may signal robust economic conditions... Read more
Average Taxable Income per Tax Return in Wharton County, TX over the last 9 years
Wharton County, Texas has seen fluctuations in average taxable income per tax return over the past nine years, with a notable increase in recent years. From a low of $49,131.18 in 2016, incomes climbed steadily to a peak of $63,742.77 in 2021. This upward trend suggests potential growth in local economic conditions, which could be attractive for investors and new residents. Real estate agents and appraisers might find the rising incomes indicative of an escalating market value, while insurance agents may see this as pointing to a potentially wealthier clientele.
Average State and Local Income Taxes Per Tax Return in Wharton County, TX Over the Last 10 Years
Over the past decade, Wharton County, Texas has exhibited fluctuating average state and local income taxes per tax return, hitting a peak at $6,360.00 in 2017 before dipping in subsequent years. The average for 2021 stands at $5,900.00, indicating potential volatility in tax obligations. This trend may suggest varying tax pressures that could impact financial planning for potential movers, investors, property developers, appraisers, and those involved in real estate and insurance.
Average Total Tax Liability Per Tax Return in Wharton County, TX Over the Last 10 Years
Wharton County, Texas has seen fluctuations in the average total tax liability per tax return over the past decade. Starting at $11,577.34 in 2012, it experienced a noticeable drop in 2013 to $9,380.50, with slight variances over the following years before hitting a low of $8,270.50 in 2016. Post-2016, there was a gradual increase, peaking again in 2021 at $11,050.82. These shifts could interest potential investors, real estate agents, and residents as they reflect underlying economic conditions and potential financial planning needs in the area. Understanding these trends helps appraisers and insurance agents gauge the economic environment and future forecasting for Wharton County.
Cost of Living in Wharton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,241 | $1,174 | $1,828 | $1,506 | $847 |
| 1 adult 4 children | $1,241 | $959 | $1,398 | $1,506 | $960 |
| 2 adults 3 children | $1,241 | $959 | $1,586 | $1,506 | $692 |
| 1 adult 3 children | $1,241 | $783 | $1,156 | $1,506 | $743 |
| 2 adults 2 children | $873 | $785 | $1,344 | $1,316 | $577 |
| 1 adult 2 children | $873 | $587 | $914 | $1,316 | $534 |
| 2 adults 1 child | $873 | $621 | $1,102 | $696 | $554 |
| 1 adult 1 child | $873 | $401 | $672 | $696 | $468 |
| 2 adults | $713 | $499 | $860 | $0 | $474 |
| 1 adult | $658 | $272 | $430 | $0 | $419 |
Safety trends & Data
Wharton County, Texas has seen fluctuating property crime trends over the past five years. Notably, burglary incidents peaked in 2019 with 47 cases but dropped to 11 in 2022, and larceny-theft fell sharply in 2020 to 85 cases before rising to 113 cases by 2022. Motor vehicle thefts also increased in 2022 with 21 incidents. Interestingly, fraud and vandalism rates have remained relatively stable, possibly indicating shifts in local crime prevention or economic conditions. These crime trends... Read more
Property Crime Trends in Wharton County, TX Over the Last 5 Years
Over the past five years, Wharton County, Texas has seen fluctuating trends in property crimes. Burglary incidents peaked in 2019 with 47 cases but have since declined to 11 in 2022. Larceny-theft remained persistently high, experiencing a notable drop in 2020 to 85 cases before increasing again to 113 cases by 2022. Motor vehicle thefts have varied but showed an uptick in 2022 with 21 incidents. Forgery and counterfeiting also remained relatively stable with slight annual variations, hovering around the mid-20s. Fraud incidents peaked in 2018 at 12 cases but generally trended lower afterward. Vandalism has seen little change, staying roughly consistent year over year. These trends could have nuanced impacts on property values, insurance rates, and investment opportunities, potentially signaling shifting patterns in local crime prevention efforts or economic conditions.
Demographics
Wharton County, Texas exhibits a nearly balanced gender ratio with slightly more females than males. Educational attainment levels reveal that the majority have completed high school, with a notable proportion also achieving some college education or higher degrees. The age distribution suggests a relatively young population, particularly under 25 years, yet there are also significant numbers in older age brackets. The racial makeup is predominantly White, with smaller yet present populations... Read more
Race Distribution in Wharton County, Texas (2022)
Educational Attainment in Wharton County, Texas (2022)
Age Distribution in Wharton County, Texas
Citizen Population in Wharton County, Texas (2022)
Political Trends & Data
Wharton County, Texas, has a distinctly conservative slant, with about 71.00% of voters choosing the Republican candidate in the 2020 Presidential Election. Despite this, the 28.00% Democratic vote share adds a layer of complexity, indicating a not insignificant liberal presence. Understanding these political leanings is crucial for gauging community values and predicting policy impacts on local real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wharton County, Texas, showed a strong lean towards the Republican party in the 2020 U.S. Presidential Election, with roughly 71% of votes cast in their favor. Democrats garnered about 28%, while other parties like the Libertarians and Greens received a marginal share. This trend suggests a predominantly conservative voter base, yet the presence of nearly 30% Democratic support adds some nuance to the political landscape.
71.15% of voters voted for the Republican party in the 2020 Presidential Election
28.01% of voters voted for the Democrat party in the 2020 Presidential Election
0.63% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
School Data
Wharton County, Texas, has consistently maintained a student-to-teacher ratio close to the national average of 14 students per teacher over the past decade. This steady ratio is indicative of manageable class sizes, mirroring broader U.S. trends and potentially appealing to families focused on quality education. Investors and developers might view this as a sign of stable demand for educational resources, while real estate agents could highlight it as a testament to the area's educational... Read more
Student-to-teacher ratio in Wharton County, Texas over the last 10 years
Wharton County, Texas has exhibited a relatively stable student-to-teacher ratio over the past decade, hovering around the national average of 14 students per teacher. This suggests that class sizes in Wharton County are generally manageable and comparable to the broader U.S. trend, which can be appealing for families prioritizing quality education. Investors and developers might find confidence in this consistency, as it implies a stable demand for educational resources. Real estate agents and appraisers could use this data point to highlight the area's commitment to maintaining educational standards. For insurance agents, this stability may suggest lower risk associated with educational disruptions.
