Wichita County Real Estate and Livability Trends
Wichita County, Texas's real estate market is shaped by various interesting economic and social trends. Home values have risen steadily from $89,700 in 2015 to $129,000 in 2022, offering affordable options compared to state and national medians. Economic indicators like the jump in average taxable income and the significant reduction in poverty rates might suggest a strengthening local economy.... Read more
Wichita County Market Trends
Wichita County, Texas's median home values have seen a steady rise from $89,700 in 2015 to $129,000 in 2022, offering a more affordable alternative compared to the state's median of $238,000 and national median of $179,400. Residential energy tax credits exhibited notable volatility, with credits surging to $3,807.14 in 2018 and $3,630.99 in 2021, suggesting substantial incentives for... Read more
Median Value of Occupied Housing Units in Wichita County, Texas Over the Last 8 Years
For those eyeing real estate in Wichita County, Texas, the median home values jumped from $89,700 in 2015 to $129,000 in 2022, reflecting a steady upward trend. Although lower than Texas's 2022 median of $238,000 and the national median of $179,400, Wichita County's affordability makes it a potentially attractive market for investors and homebuyers seeking better value. As home prices surge, this gap could translate into opportunities for significant appreciation and a more accessible entry point into the booming Texas housing market.
Residential Energy Tax Credit Per Tax Return in Wichita County, TX Over the Last 9 Years
Residential energy tax credits in Wichita County, Texas have shown significant fluctuation over the past nine years, with notable spikes in 2016 and a dramatic increase in 2018. The average credit per tax return was relatively modest at $309.68 in 2013 but rocketed to $3,807.14 in 2018 and $3,630.99 in 2021. This volatility highlights potential opportunities for both property owners and investors to capitalize on energy-efficient upgrades, benefiting from substantial tax incentives. For real estate agents and insurance providers, understanding these trends can be crucial for advising clients on property values and potential savings.
Average Real Estate Taxes Per Tax Return in Wichita County, TX Over the Last 10 Years
Over the past decade, Wichita County, Texas has seen a consistently upward trend in average real estate taxes per tax return. Starting at $4,190.31 in 2012, these taxes have more than doubled to $8,246.46 by 2021. This steady increase could imply a rise in property values or changes in tax rates, both of which are critical considerations for investors, homebuyers, real estate agents, appraisers, and insurance agents. Such data suggests a potential appreciation of property investment, making it noteworthy for anyone with a financial stake in the region's real estate market.
Percentage of Farm Returns in Wichita County, TX Over the Last 10 Years
Farm tax returns in Wichita County, Texas have generally seen a slight decline over the past 10 years, starting at approximately 1.77% in 2012 and dipping to around 1.44% by 2021, after hitting a low of 1.35% in 2020. This might suggest waning agricultural activity or shifting economic priorities that potential investors, property developers, or prospective residents should be aware of. Understanding these trends could be crucial for making informed decisions regarding land use, development opportunities, or local economic investments as fluctuations in farm returns may reflect broader economic conditions or changing local industry focus.
Number of Mortgages by Occupancy Type in Wichita County, TX Over the Last 5 Years in Wichita County
In recent years, Wichita County, Texas has shown fluctuating trends in the number of mortgages across different occupancy types. The predominant share of mortgages has consistently been for principal residences, peaking significantly in 2021 but seeing a notable drop in 2022. Investment property mortgages also exhibited growth but at a more modest pace. Meanwhile, second residences represented a tiny fraction of the mortgage market throughout, indicating limited demand. These changes in occupancy type can hint at shifting priorities among homeowners and investors, possibly reflecting economic factors or evolving housing preferences. For real estate agents, insurance agents, appraisers, and prospective investors, understanding these dynamics might provide valuable insights into market stability and potential growth areas in Wichita County.
Economic Outlook
Wichita County, Texas has experienced a generally positive trend in average taxable income per tax return, climbing from $54,793.31 in 2013 to $68,878.98 in 2021. Despite some fluctuations, this upward trajectory might hint at economic improvements or enhanced earning capacities. Concurrently, local and state income taxes spiked dramatically, going from $6,608.93 in 2014 to $20,951.85 in 2021, potentially indicating rising incomes or policy shifts. Notably, the region has also seen a decrease... Read more
Average Taxable Income per Tax Return in Wichita County, TX over the last 9 years
Over the last nine years, Wichita County, Texas has seen a generally positive trend in average taxable income per tax return, growing from $54,793.31 in 2013 to $68,878.98 in 2021. Despite some fluctuations, with notable dips in 2016 and again a slight decrease in 2019, the overall upward trajectory could suggest economic improvement or increased earnings capacity for residents. This could be particularly relevant for potential investors, property developers, and real estate agents evaluating the financial health and investment potential of the region.
Average State and Local Income Taxes Per Tax Return in Wichita County, TX Over the Last 10 Years
In Wichita County, Texas, the average state and local income taxes per tax return have varied significantly over the past decade, with a particularly notable spike in recent years. Starting from a high of $11,904.76 in 2012, there was a marked dip to $6,608.93 by 2014, followed by fluctuating figures until a dramatic increase to $16,457.69 in 2020 and further to $20,951.85 in 2021. This rising trend could potentially hint at increasing incomes or changes in tax policies, which may be relevant for investors, real estate agents, and others interested in the area's economic environment.
Average Total Tax Liability Per Tax Return in Wichita County, TX Over the Last 10 Years
Over the past decade, Wichita County, Texas has seen fluctuations in average total tax liability per tax return, with notable peaks and troughs. From a peak of approximately $11,257.00 in 2021, the liability had previously dipped to around $8,714.24 in 2016. This variability could suggest economic shifts impacting household financials or policy changes affecting tax calculations. Such data might be pertinent for investors and real estate agents considering the area's fiscal stability and growth prospects.
Cost of Living in Wichita County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,291 | $1,399 | $2,322 | $1,282 | $974 |
| 1 adult 4 children | $1,291 | $1,143 | $1,778 | $1,282 | $1,060 |
| 2 adults 3 children | $1,291 | $1,143 | $2,013 | $1,282 | $782 |
| 1 adult 3 children | $1,291 | $933 | $1,470 | $1,282 | $830 |
| 2 adults 2 children | $956 | $936 | $1,704 | $1,111 | $655 |
| 1 adult 2 children | $956 | $699 | $1,161 | $1,111 | $574 |
| 2 adults 1 child | $956 | $740 | $1,395 | $552 | $610 |
| 1 adult 1 child | $956 | $478 | $852 | $552 | $491 |
| 2 adults | $781 | $594 | $1,087 | $0 | $536 |
| 1 adult | $721 | $324 | $543 | $0 | $451 |
Safety trends & Data
Wichita County, Texas has experienced fluctuating property crime trends over the past five years. Larceny-theft has generally declined, from 610 incidents in 2018 to 346 in 2022, while motor vehicle theft spiked to 72 incidents in 2021. Burglary reached a low of 80 in 2021 but rose to 102 in 2022. Embezzlement, forgery, and fraud also show uneven patterns, reflecting complexities that potential investors and property developers should weigh when planning in this... Read more
Property Crime Trends in Wichita County, TX Over the Last 5 Years
Wichita County, Texas has seen varying trends in property crime over the last five years. While larceny-theft generally appears to be on a downward trend from 2018's 610 incidents to 2022's 346, other categories like motor vehicle theft tend to fluctuate with a notable spike to 72 incidents in 2021. Burglary incidents dropped to a low of 80 in 2021 before rising again to 102 in 2022. Embezzlement, forgery, and fraud figures also show an uneven pattern, with occasional peaks and declines. These dynamics can offer crucial insights for potential investors, property developers, and real estate agents planning future moves in the region.
Demographics
Wichita County, Texas reveals a fairly balanced gender distribution among adults, with a slight edge to males. Educational attainment skews heavily towards high school graduates and those with some college experience, but fewer go on to acquire bachelor's or graduate degrees. The age distribution is quite diverse, yet it appears there's a significant chunk of the population in the 25 to 34 years range, hinting at a working-age majority. Race distribution in the county is predominantly White,... Read more
Race Distribution in Wichita County, Texas (2022)
Educational Attainment in Wichita County, Texas (2022)
Age Distribution in Wichita County, Texas
Citizen Population in Wichita County, Texas (2022)
Political Trends & Data
Wichita County, Texas, displayed a significant Republican preference in the 2020 Presidential Election, with around 70% of voters choosing the GOP, while approximately 29% voted Democrat. Despite this strong Republican leaning, the minor party influence appeared negligible, with Libertarians at almost 1.5% and Green and other parties barely registering. This trend might suggest a solid but potentially challengeable GOP dominance in the region's political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wichita County, Texas, leaned heavily Republican in the 2020 Presidential Election, with approximately 70% of the vote. This is contrasted by the Democrat share which was around 29%, indicating a strong but perhaps not insurmountable preference for GOP candidates. Minor party support was minimal, with Libertarians at almost 1.5%, and Green and other parties barely making a mark. This could suggest that third parties have limited influence in Wichita County’s political landscape.
69.65% of voters voted for the Republican party in the 2020 Presidential Election
28.59% of voters voted for the Democrat party in the 2020 Presidential Election
1.47% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% 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
Wichita County, Texas boasts a consistently lower student-to-teacher ratio compared to the national average, fluctuating between twelve and thirteen over the past decade. This trend could make the area attractive to families seeking smaller class sizes and individualized attention in education. Real estate professionals might find this an enticing factor for potential homebuyers, while appraisers and insurance agents could view it as a sign of a community committed to quality... Read more
Student-to-teacher ratio in Wichita County, Texas over the last 10 years
Wichita County, Texas has maintained a consistently lower student-to-teacher ratio compared to the national average of fourteen students per teacher over the past decade, fluctuating between twelve and thirteen. This trend suggests potentially smaller class sizes, which could be attractive for families prioritizing individualized attention in education. For real estate agents and those looking to invest, this favorable student-to-teacher ratio may enhance the appeal of local properties, while appraisors and insurance agents might consider this an indicator of a community investing in quality education.
