Willacy County Real Estate and Livability Trends
Willacy County, Texas is seeing economic improvements with average taxable income climbing from about $32,221.26 in 2013 to $40,731.66 in 2021, potentially attracting investors and boosting real estate ventures. Inconsistent yet overall growth in median home values—from $49,700 in 2015 to $66,900 in 2022—offers affordability amidst volatility, drawing prospective buyers. Real estate taxes... Read more
Willacy County Market Trends
Willacy County, Texas has demonstrated an inconsistent yet overall growth in median home values, escalating from $49,700 in 2015 to $66,900 in 2022, which may be appealing for prospective buyers seeking affordability despite the volatility. Average residential energy tax credits per return hit a peak of $2,121.43 in 2021, suggesting an uptick in energy-efficient upgrades, potentially attracting... Read more
Median Value of Occupied Housing Units in Willacy County, Texas Over the Last 8 Years
Willacy County, Texas has shown inconsistent yet overall growth in median home values over the last eight years, punctuated by dips and sharp rises, going from $49,700 in 2015 to $66,900 in 2022. Compared to the state and national medians, which saw more steady and substantial increases—Texas reaching $238,000 and the United States at $179,400 by 2022—Willacy County presents an intriguing, albeit riskier, opportunity for potential investors and residents who might find the lower values appealing now but should weigh the volatility.
Residential Energy Tax Credit Per Tax Return in Willacy County, TX Over the Last 9 Years
Over the past nine years in Willacy County, Texas, the average residential energy tax credit per tax return has experienced significant fluctuations. Notably, there was a sharp increase from $625.00 in 2017 to $1,675.00 in 2018, followed by a peak of $2,121.43 in 2021. These trends could be indicative of rising investments in energy-efficient home upgrades. Such dynamics may attract investors, builders, and real estate professionals looking to capitalize on potential eco-friendly incentives and burgeoning market demand for sustainable living solutions.
Average Real Estate Taxes Per Tax Return in Willacy County, TX Over the Last 10 Years
Over the past decade in Willacy County, Texas, average real estate taxes per tax return have seen some fluctuations, but there is a noticeable upward trajectory. In 2012, the average was around $2,755.56, staying relatively stable with minor dips until 2017. However, from 2018 onwards, there's been a significant increase, peaking at $5,050.00 in 2021. This trend could imply rising property values and indicate potential growth opportunities for investors. It also suggests that residents and potential buyers need to prepare for higher property tax obligations, which can impact overall cost calculations for living or investing in this area.
Percentage of Farm Returns in Willacy County, TX Over the Last 10 Years
Over the last decade, Willacy County, Texas has shown slight fluctuations in the percentage of farm tax returns, starting at around 2.97% in 2012 and peaking at approximately 4.16% in 2021. Though there are minor variations, the general trend suggests a gradual increase in farm-related financial activities. Farm tax returns are essential indicators of agricultural economic health, as they reflect the number of farms reporting taxable income. This could imply a growing agricultural sector, making Willacy County potentially attractive for investors and developers interested in agricultural ventures. If you're considering moving to or investing in Willacy County, this trend may indicate a stable or increasing agricultural economy, possibly translating to a dependable community with potential for growth in agricultural businesses.
Number of Mortgages by Occupancy Type in Willacy County, TX Over the Last 5 Years in Willacy County
Over the past five years, Willacy County, Texas has seen a steady dominance in the number of mortgages for principal residences, consistently outperforming investment and second properties. Principal residence mortgages averaged around 234 per year, while investment and second properties trailed significantly, with an average of 8 and 19 mortgages respectively. These patterns could suggest a stable community with a focus on long-term occupancy. For investors looking to enter the market, lower mortgage counts for investment properties may hint at potential opportunities in an underdeveloped sector. Meanwhile, the preferences towards principal residences offer appraisers and insurance agents insight into a potentially lower risk profile for the area, as owner-occupied homes often experience more consistent upkeep and lower turnover rates. Real estate agents and builders might find this data valuable for targeting their services to cater to predominant demand for primary homes. For those living in or considering moving to Willacy County, the trends in property types could reflect the area's overall stability and residential appeal.
Economic Outlook
Willacy County, Texas has shown a boost in average taxable income per tax return, climbing from about $32,221.26 in 2013 to around $40,731.66 in 2021, hinting at improving economic conditions that could attract investors and elevate real estate ventures. That said, fluctuating state and local income taxes over six years, peaking at $2,380.00 in 2016, introduce unpredictability for financial planning. Additionally, a rise in average total tax liability per tax return, from $4,345.02 in 2012 to... Read more
Average Taxable Income per Tax Return in Willacy County, TX over the last 9 years
Willacy County, Texas has experienced a notable increase in average taxable income per tax return over the past nine years, rising from approximately $32,221.26 in 2013 to about $40,731.66 in 2021. This upward trend might suggest improving economic conditions and could be seen as attractive for potential investors and real estate ventures. For prospective residents, this increment in taxable income could indicate growing prosperity and potentially better services and amenities in the area. However, this data should be interpreted cautiously, as other local economic factors and broader economic conditions may also play a significant role.
Average State and Local Income Taxes Per Tax Return in Willacy County, TX Over the Last 6 Years
Willacy County, Texas has seen fluctuating state and local income taxes per tax return over the last six years, ranging from a low of $1,625.00 in 2015 to a high of $2,380.00 in 2016. This variability can affect financial planning and investment strategies for those considering moving to or investing in the area, making it crucial to stay informed about these tax trends. For real estate agents, appraisers, and insurance agents, understanding these tax shifts is essential for providing accurate advisories to clients and accurately assessing property values.
Average Total Tax Liability Per Tax Return in Willacy County, TX Over the Last 10 Years
The average total tax liability per tax return in Willacy County, Texas, has seen a general upward trend over the past decade, rising from $4,345.02 in 2012 to $5,209.51 in 2021. This increase, especially the notable jumps in the last few years, could suggest growing incomes or policy changes affecting tax burdens. For real estate agents, appraisers, and potential investors, this trend may indicate an improving economic landscape, possibly translating to higher property values. Prospective residents and insurance agents might also infer a changing economic climate that could affect cost of living and coverage policies.
Cost of Living in Willacy County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,105 | $1,198 | $1,651 | $1,113 | $663 |
| 1 adult 4 children | $1,105 | $979 | $1,261 | $1,113 | $731 |
| 2 adults 3 children | $1,105 | $979 | $1,433 | $1,113 | $534 |
| 1 adult 3 children | $1,105 | $799 | $1,043 | $1,113 | $524 |
| 2 adults 2 children | $826 | $801 | $1,215 | $972 | $475 |
| 1 adult 2 children | $826 | $599 | $825 | $972 | $419 |
| 2 adults 1 child | $826 | $633 | $997 | $514 | $492 |
| 1 adult 1 child | $826 | $409 | $607 | $514 | $416 |
| 2 adults | $628 | $509 | $779 | $0 | $446 |
| 1 adult | $623 | $278 | $389 | $0 | $414 |
Safety trends & Data
There has been a noticeable decline in property crime rates in Willacy County, Texas, over the past five years, particularly in burglary and larceny-theft. From 2018 to 2020, burglary incidents dropped significantly from 41 to 6, and larceny-theft decreased from 61 to 9. However, vandalism has shown fluctuating trends, with a peak of 21 incidents in 2019 before a slight dip in subsequent years. Potential buyers should be aware that while property crime has generally decreased, some types of... Read more
Property Crime Trends in Willacy County, TX Over the Last 5 Years
Over the past five years in Willacy County, Texas, there has been a noticeable decline in property crime rates, particularly in burglary and larceny-theft. From 2018 to 2020, burglary incidents dropped from 41 to 6, and larceny-theft saw a significant decrease from 61 to 9. Vandalism, however, showed fluctuating trends with a high of 21 in 2019 and a slight dip in subsequent years. Individuals interested in this region should note that while property crimes have generally decreased, occasional spikes in certain crime types remain, reflecting an ongoing shift in the local crime landscape.
Demographics
Willacy County, Texas showcases a noticeable disparity in gender with males outnumbering females. The educational attainment remains relatively low, with the majority of adults having a high school diploma or less. The age distribution reveals a larger proportion of younger adults, notably those aged 25 to 34 years. From a racial perspective, the county is predominantly White, with minimal representation from other racial groups, highlighting a rather homogenous community. These demographics... Read more
Race Distribution in Willacy County, Texas (2022)
Educational Attainment in Willacy County, Texas (2022)
Age Distribution in Willacy County, Texas
Citizen Population in Willacy County, Texas (2022)
Political Trends & Data
Willacy County, Texas, reflects a competitive political landscape with the 2020 U.S. Presidential Election results showing Democrats potentially leading with about 56% of the vote compared to 44% for Republicans. This near-even split could hint at a polarized electorate, where third-party candidates appear to gain minimal traction. The close margins might indicate a dynamic and contested political environment, potentially impacting local real estate trends as political stability often plays a... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Willacy County, Texas, the 2020 U.S. Presidential Election results indicate that while Democrats perhaps had a stronger presence with approximately 56% of the vote, Republicans were not far behind, capturing around 44%. This near-balancing act between the two major parties might suggest a competitive political landscape. Third-party candidates, it seems, did not draw significant support, which might underscore a polarized electorate focused on the main party lines.
43.99% of voters voted for the Republican party in the 2020 Presidential Election
56.01% of voters voted for the Democrat party in the 2020 Presidential Election
School Data
Willacy County, Texas has seen its student-to-teacher ratio drop from about 13 in 2014 to just over 11 in 2023, well below the national average of 14. This decline could indicate smaller class sizes and more personalized attention for students, potentially making it more attractive for families prioritizing education. Real estate professionals might find this useful, as it hints at a strong local education infrastructure. Lower student-to-teacher ratios can also suggest a more stable and... Read more
Student-to-teacher ratio in Willacy County, Texas over the last 10 years
Willacy County, Texas has seen a steady decline in the student-to-teacher ratio over the last decade, dropping from around 13 students per teacher in 2014 to just over 11 in 2023. Compared to the national average of 14 students per teacher, the lower ratios in Willacy County could indicate smaller class sizes and more personalized attention for students, potentially making it more attractive for families prioritizing education. For real estate agents, investors, and those looking to relocate, understanding these ratios could provide insights into the local education infrastructure's capability and appeal. For appraisers and insurance agents, lower student-to-teacher ratios might suggest a more stable and supportive community, often a factor in property valuations and risk assessments.
