Wheeler County Real Estate and Livability Trends
Wheeler County, Texas real estate market trends display varying economic conditions with average taxable income fluctuating from $84,346.22 in 2013 to $54,790.48 in 2021, and a notable dip to $48,256.39 in 2016. Home values increased from the $84,000-$86,500 range to $105,200 in 2022, staying well below Texas’ average of $238,000, indicating affordability. Real estate taxes per return rose... Read more
Wheeler County Market Trends
Wheeler County, Texas has seen median home values jump from the $84,000-$86,500 range to $105,200 in 2022, indicating a rising interest in the area. Compared to Texas’ average home value of $238,000 in 2022 and the national figure of $179,400, Wheeler County remains surprisingly affordable. The notable increase in real estate taxes per return—from $1,919.23 in 2012 to a high of $5,000.00 in... Read more
Median Value of Occupied Housing Units in Wheeler County, Texas Over the Last 8 Years
Wheeler County, Texas has seen a dramatic shift in median home values over the past eight years, remaining mostly stable in the $84,000-$86,500 range until a significant jump to $105,200 in 2022. This sudden increase suggests a rising interest or potential growth in the area. Compared to the Texas state average, which soared from $136,000 in 2015 to $238,000 in 2022, Wheeler County remains considerably more affordable. Nationally, the median value climbed from $125,500 in 2015 to $179,400 in 2022, positioning Wheeler County as a potential gem for those seeking investment opportunities or affordable housing options in Texas without compromising on substantial home appreciation.
Residential Energy Tax Credit Per Tax Return in Wheeler County, TX Over the Last 3 Years
Wheeler County, Texas has seen fluctuating but notable averages in residential energy tax credits per tax return over the last three years. Starting at $300.00 in 2013, the average dipped to $233.33 in 2014 before rising to $250.00 in 2015. For prospective investors and homeowners, this trend indicates a potential for some tax incentives related to energy efficiency improvements. This volatility could be crucial for financial planning, whether for property developers, appraisers, or insurance agents assessing home values and liabilities associated with energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Wheeler County, TX Over the Last 10 Years
Over the last decade, Wheeler County, Texas has experienced a noticeable upward trend in average real estate taxes per tax return. In 2012, taxpayers saw a relatively modest figure of approximately $1,919.23, which steadily climbed each year, peaking at $5,000.00 in 2020 before slightly receding to $4,042.86 in 2021. This significant increase, particularly in 2020, might hold implications for potential investors, homeowners, and various professionals interested in the local real estate and tax environment. It suggests potential rising property values, adjustments in tax rates, or both, which could affect financial planning, property valuations, and insurance premiums.
Percentage of Farm Returns in Wheeler County, TX Over the Last 10 Years
Farm tax returns in Wheeler County, Texas have shown some fluctuation over the past decade, generally hovering between 17.53% and 19.34%. An increase to 19.34% in 2015 and a slight dip to 17.53% in 2013 indicate variability but also signal resilience. For investors and those planning to buy property, understanding these figures is valuable as they hint at sustained agricultural activity, making the area potentially stable for rural investments.
Number of Mortgages by Occupancy Type in Wheeler County, TX Over the Last 5 Years in Wheeler County
The trends in Wheeler County, Texas indicate a varying number of mortgages across different occupancy types over the last five years. Principal residences have consistently dominated the mortgage market, peaking at 137 in 2020 before dropping to 75 in 2022. Conversely, investment properties experienced fluctuations, reaching a high of 12 in 2021 and dropping to as low as 2 in 2018. Second residences remained relatively infrequent, generally hovering between 1 and 6 mortgages per year. Understanding these occupancy trends is pivotal for potential investors and real estate professionals. A shift towards more principal residences could imply a stable and growing community, making it attractive for those looking to buy homes or establish long-term investments. Conversely, fluctuations in investment property mortgages might signal varying investor confidence, which could influence property values and rental markets. For appraisers and insurance agents, knowing the dominant occupancy type could better inform market evaluations and risk assessments. This nuanced understanding can help tailor strategies for entrepreneurs, policy makers, and residents involved in the local real estate landscape.
Economic Outlook
Wheeler County, Texas real estate market trends reveal significant fluctuations in average taxable income per tax return, peaking at $84,346.22 in 2013 and dipping to $48,256.39 in 2016, with a tentative rise to $54,790.48 in 2021. These economic shifts could impact investment viability and insurance risk assessments. Average state and local income taxes have also varied, hitting a high of $2,985.71 in 2014 and a low of $2,425.00 in 2016, suggesting a variable yet moderate tax environment.... Read more
Average Taxable Income per Tax Return in Wheeler County, TX over the last 9 years
Wheeler County, Texas has seen considerable fluctuations in average taxable income per tax return over the past nine years, peaking at $84,346.22 in 2013 and experiencing a low of $48,256.39 in 2016. More recent years have shown some recovery, with a tentative rise back to $54,790.48 in 2021. These shifts may suggest varying economic influences at play, potentially impacting investment viability and insurance risk assessments. Real estate agents and those looking to buy property should consider these trends when evaluating the area's economic stability and growth potential.
Average State and Local Income Taxes Per Tax Return in Wheeler County, TX Over the Last 6 Years
Wheeler County, Texas, has experienced fluctuations in average state and local income taxes per tax return over the last six years. The highest point was in 2014 at approximately $2985.71, while the lowest was in 2016 at around $2425.00. Despite the ups and downs, the general trend suggests a variable yet somewhat moderate tax environment. This can be of interest to potential investors, real estate agents, and anyone considering a move to the area, as it provides insights into the local financial landscape, hinting at possible future tax trends and economic stability.
Average Total Tax Liability Per Tax Return in Wheeler County, TX Over the Last 10 Years
Over the past decade, Wheeler County, Texas has seen notable fluctuations in average total tax liability per tax return. After peaking at $24,434.05 in 2013, there was a significant drop, reaching a low of $7,269.44 in 2020. This trend could imply varying economic conditions and changes in taxpayer income or tax policies. These shifts matter for stakeholders—from potential investors assessing economic stability to real estate agents and appraisers evaluating market conditions. Understanding these trends helps in making informed decisions related to property investments and financial planning in Wheeler County.
Cost of Living in Wheeler County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,375 | $1,948 | $1,242 | $819 |
| 1 adult 4 children | $1,005 | $1,123 | $1,491 | $1,242 | $899 |
| 2 adults 3 children | $1,005 | $1,124 | $1,689 | $1,242 | $647 |
| 1 adult 3 children | $1,005 | $917 | $1,232 | $1,242 | $661 |
| 2 adults 2 children | $826 | $920 | $1,431 | $1,084 | $588 |
| 1 adult 2 children | $826 | $687 | $974 | $1,084 | $531 |
| 2 adults 1 child | $826 | $727 | $1,173 | $572 | $575 |
| 1 adult 1 child | $826 | $470 | $715 | $572 | $474 |
| 2 adults | $628 | $584 | $914 | $0 | $498 |
| 1 adult | $623 | $319 | $457 | $0 | $441 |
Safety trends & Data
Wheeler County, Texas, has seen generally low property crime rates over the past four years, with burglary incidents consistently reported at just one annually. Significant drops in larceny-theft and motor vehicle theft after 2018 might indicate improved security or more effective law enforcement. Vandalism has been notably rare, with only one reported case in 2021. These trends suggest a relatively safe environment, which could be appealing to prospective residents, investors, and real estate... Read more
Property Crime Trends in Wheeler County, TX Over the Last 4 Years
Wheeler County, Texas has observed fluctuating but generally low property crime rates over the past four years. The area has seen consistent reports of burglary each year, notably one incident annually. Other property crimes, such as larceny-theft and motor vehicle theft, saw a significant drop after 2018, indicating a possible improvement in security or law enforcement effectiveness. The fact that vandalism appeared only once in 2021 underscores its rarity in the county. These trends could suggest a relatively safe environment, potentially attractive to prospective residents, investors, and real estate developers.
Demographics
In Wheeler County, Texas, the adult population reveals a fairly balanced gender distribution, with a slightly higher number of females than males. Educational attainment is diverse, with a substantial portion holding high school diplomas and a noticeable fraction achieving bachelor's degrees or higher, suggesting varied opportunities and aspirations. The age distribution indicates a potentially sizable workforce, yet a significant portion of older residents may imply a community with a strong... Read more
Race Distribution in Wheeler County, Texas (2022)
Educational Attainment in Wheeler County, Texas (2022)
Age Distribution in Wheeler County, Texas
Citizen Population in Wheeler County, Texas (2022)
Political Trends & Data
Wheeler County, Texas, is marked by a strong Republican dominance, with around 92% of the votes in the 2020 U.S. Presidential Election going Republican. Democrats pulled in about 7%, leaving other parties with less than 1%. This suggests the county has a deeply conservative electorate, which could impact local policies and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wheeler County, Texas, saw an overwhelming lean towards the Republican party in the 2020 U.S. Presidential Election, with approximately 92% of the votes. Democrats captured a distant second with around 7%, while third-party candidates, including the Libertarian and Green parties, barely registered, each earning less than 1%. This dominance hints at a highly conservative voter base in this county.
92.38% of voters voted for the Republican party in the 2020 Presidential Election
7.19% of voters voted for the Democrat party in the 2020 Presidential Election
0.30% of voters voted for the Livertarian party in the 2020 Presidential Election
0.13% of voters voted for the Green party in the 2020 Presidential Election
School Data
Wheeler County, Texas has consistently maintained a student-to-teacher ratio below ten students per teacher over the past decade, significantly lower than the U.S. national average of fourteen. This trend suggests more personalized attention for students, potentially appealing to families prioritizing education. Such a stable educational environment could enhance community desirability and potentially impact property values, making Wheeler County an attractive option for real estate investment... Read more
Student-to-teacher ratio in Wheeler County, Texas over the last 10 years
Wheeler County, Texas has consistently maintained a student-to-teacher ratio below ten students per teacher over the past decade, significantly lower than the US national average of fourteen students per teacher. This trend suggests more personalized attention for students, potentially leading to better educational outcomes. For those looking to invest in, move to, build property in, work as real estate agents, or appraise and insure properties, this could indicate a stable and appealing educational environment. Consequently, properties in Wheeler County might attract families prioritizing education, enhancing community desirability and potentially impacting property values.
