Wise County Real Estate and Livability Trends
Wise County, Texas, offers an interesting economic narrative with average taxable income per tax return rising from $59,254.34 in 2013 to $81,708.23 in 2021. Home values have nearly doubled since 2015, suggesting a strong real estate market, though the rise in real estate taxes from $3,504.34 in 2012 to $6,640.39 in 2021 shows increasing costs for homeowners. Shifts in land use and urban... Read more
Wise County Market Trends
Median home values in Wise County, Texas have nearly doubled from $126,900 in 2015 to $248,400 in 2022, outpacing state and national averages. The residential energy tax credit per return saw a dramatic rise from $427.91 in 2013 to $3,072.34 by 2021, indicating increasing investment in energy-efficient home upgrades. Real estate taxes per return also steadily grew from $3,504.34 in 2012 to... Read more
Median Value of Occupied Housing Units in Wise County, Texas Over the Last 8 Years
Over the past eight years, median home values in Wise County, Texas have surged from $126,900 in 2015 to $248,400 in 2022, representing a remarkable increase of nearly 96%. This local growth significantly outpaced both the Texas state increase from $136,000 to $238,000 and the national rise from $125,500 to $179,400 over the same period. Such accelerated appreciation in Wise County may suggest a heightened demand and could be an attractive opportunity for investors, potential movers, and property developers looking for promising areas in Texas.
Residential Energy Tax Credit Per Tax Return in Wise County, TX Over the Last 9 Years
Over the past nine years, Wise County, Texas, has seen a notable increase in the average residential energy tax credit per tax return. From just $427.91 in 2013, it peaked at $3,072.34 by 2021. The sharpest rises occurred in 2017 and especially in 2018 when it jumped to $3,000.00. This upward trend suggests a growing investment in energy-efficient home improvements, possibly driven by rising awareness of energy conservation and the benefits of available tax incentives. This pattern could interest real estate agents, investors, and property developers looking into Wise County’s market, highlighting a community increasingly focusing on sustainable living.
Average Real Estate Taxes Per Tax Return in Wise County, TX Over the Last 10 Years
Over the past decade, Wise County, Texas has seen a consistent rise in average real estate taxes per tax return. In 2012, the figure stood at about $3,504.34 and has since climbed to approximately $6,640.39 in 2021. This steady increase could signal a robust real estate market and growing property values, factors that could be of particular interest to real estate investors, potential homeowners, and appraisers. However, higher taxes might also indicate increased costs for property maintenance and insurance, aspects that current and prospective residents should consider.
Percentage of Farm Returns in Wise County, TX Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Wise County, Texas seems to have shown a subtle but steady decline. Starting at approximately 10.67% in 2012 and dipping to about 8.66% by 2021, this trend could suggest a gradual decrease in farm-related activities or incomes being reported for tax purposes. This matters for potential investors and property developers as it might indicate shifts in the local agricultural economy, possibly pointing toward increased urban development or changes in land use. For residents and those interested in moving to Wise County, understanding these trends can be crucial for assessing future real estate values and community planning.
Number of Mortgages by Occupancy Type in Wise County, TX Over the Last 5 Years in Wise County
The number of mortgages for principal residences in Wise County, Texas has seen fluctuations over the past five years, peaking significantly in 2021. Investment property mortgages show a steady increase, though their volume remains relatively low compared to principal residences. Second residence mortgages have remained consistently minor. These shifts in occupancy type could indicate a trend towards more stable, long-term living arrangements or a growing interest in property investments, each carrying different implications for market stability, insurance premium assessments, and potential returns on investment. For those looking to move to or invest in Wise County, understanding these trends may offer insight into market demand and investment opportunities.
Economic Outlook
Wise County, Texas, has experienced some intriguing economic shifts over the past decade. Average taxable income per tax return increased from around $59,254.34 in 2013 to approximately $81,708.23 in 2021, indicating potential economic growth. However, state and local income taxes also rose sharply, from $3,860.87 in 2012 to peaking at $12,337.50 in 2021, which could hint at external economic pressures or changing tax structures. Fluctuations in the poverty rate, from 11.9% in 2017 down to 4.3%... Read more
Average Taxable Income per Tax Return in Wise County, TX over the last 9 years
Average taxable income per tax return in Wise County, Texas, has shown a somewhat erratic but overall increasing trend over the last nine years. In 2013, the average taxable income was around $59,254.34, with slight fluctuations before a noticeable climb starting in 2017. By 2021, it reached approximately $81,708.23. This could suggest a growing economic base or shifts in the local job market, making Wise County potentially interesting for investors, real estate agents, and insurers looking for emerging opportunities.
Average State and Local Income Taxes Per Tax Return in Wise County, TX Over the Last 10 Years
Over the past decade, Wise County, Texas has seen a notable fluctuation in state and local income taxes per tax return. From around $3,860.87 in 2012, there's been an overall increase peaking dramatically at $12,337.50 in 2021. This volatility could impact potential investors, appraisers, and insurance agents, while also offering insights for those interested in the economic health and taxation trends of the county.
Average Total Tax Liability Per Tax Return in Wise County, TX Over the Last 10 Years
Over the past decade, tax liability per return in Wise County, Texas has fluctuated, peaking in 2021 at $13,220.72. Despite a dip in 2016 to $9,467.15, liability generally hovered around the $10,000 mark for most years. This volatility suggests changes in economic conditions or tax policies impacting the county, which could be significant for investors, real estate professionals, and current or prospective residents assessing financial commitments or opportunities in the region.
Cost of Living in Wise County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,517 | $1,347 | $2,031 | $1,754 | $1,174 |
| 1 adult 4 children | $1,517 | $1,100 | $1,554 | $1,754 | $1,330 |
| 2 adults 3 children | $1,517 | $1,101 | $1,762 | $1,754 | $979 |
| 1 adult 3 children | $1,517 | $898 | $1,285 | $1,754 | $1,114 |
| 2 adults 2 children | $1,068 | $901 | $1,493 | $1,526 | $770 |
| 1 adult 2 children | $1,068 | $673 | $1,016 | $1,526 | $775 |
| 2 adults 1 child | $1,068 | $712 | $1,224 | $786 | $706 |
| 1 adult 1 child | $1,068 | $460 | $746 | $786 | $587 |
| 2 adults | $946 | $572 | $954 | $0 | $589 |
| 1 adult | $925 | $312 | $477 | $0 | $521 |
Safety trends & Data
Wise County, Texas, has experienced fluctuating property crime trends over the last five years, with larceny-theft being the most prevalent offense. In 2021, larceny-theft incidents peaked at 156.00, slightly dropping to 117.00 in 2022. Burglary numbers varied, peaking at 16.00 in 2020 and then decreasing to 10.00 by 2022. Motor vehicle thefts stayed low, varying between 5.00 and 15.00 annually. Vandalism incidents notably spiked to 17.00 reported cases in 2021. For investors and real estate... Read more
Property Crime Trends in Wise County, TX Over the Last 5 Years
Wise County, Texas has seen varying trends in property crime over the last five years, with larceny-theft consistently being the most prevalent offense. The number of larceny-theft incidents peaked in 2021 at 156.0 and saw a slight drop to 117.0 in 2022. Burglary numbers fluctuated, going from 11.0 in 2018 up to 16.0 in 2020, and reducing to 10.0 by 2022. Motor vehicle thefts remained relatively low, with values moving between 5.0 and 15.0 across the years. Vandalism incidents had a notable spike in 2021 with 17.0 reported cases. Investors and real estate agents might find it useful to know that while some property crimes have declined, larceny-theft remains a dominant concern in the area. Appraisers and insurance agents could factor these trends into risk assessments and policy pricing.
Demographics
Wise County, Texas shows a nearly equal gender distribution in its adult population. Educational attainment is varied, with a significant portion of the population holding either a high school diploma or some college experience. The age distribution indicates a substantial number of residents are under 10 and between 35 to 54, suggesting varied generational needs. Racially, the county is predominantly White, with smaller representations from other racial groups. This demographic composition... Read more
Race Distribution in Wise County, Texas (2022)
Educational Attainment in Wise County, Texas (2022)
Age Distribution in Wise County, Texas
Citizen Population in Wise County, Texas (2022)
Political Trends & Data
Wise County, Texas, is likely to have demonstrated a pronounced preference for Republican candidates in the 2020 U.S. Presidential Election, with an approximate 84% vote share. The Democratic party, in contrast, received about 15%, underscoring a notable partisan divide. Support for third-party candidates, such as Libertarian and Green, appeared minimal, hovering around 0.95% and 0.15% respectively. This voting pattern indicates a solid Republican stronghold with little interest in third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Wise County, Texas, the 2020 U.S. Presidential Election may have seen a significant leaning towards the Republican party, potentially securing around 84% of the votes. The Democratic party seemed to have garnered approximately 15% of the votes, showing a substantial gap. Third parties, including Libertarian and Green, likely received minimal support, with percentages around 0.95% and 0.15%, respectively. Voter inclination in this region suggests a strong Republican preference with minimal engagement in third-party options.
83.52% of voters voted for the Republican party in the 2020 Presidential Election
15.37% of voters voted for the Democrat party in the 2020 Presidential Election
0.96% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
0.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Wise County, Texas, has had a student-to-teacher ratio consistently below the national average of 14, fluctuating between 13 and 12.6 before stabilizing around 13.1 in recent years. This suggests more individualized attention for students, potentially pointing to better educational outcomes. Real estate agents and potential investors might see this as a sign of strong educational infrastructure, which could, in turn, positively impact property values and insurance... Read more
Student-to-teacher ratio in Wise County, Texas over the last 10 years
Over the last decade, Wise County, Texas, has seen fluctuations in its student-to-teacher ratio ranging from about 13 in 2014 to a low of approximately 12.6 in 2021 before reaching around 13.1 in 2023. This ratio has consistently remained below the national average of 14 students per teacher, suggesting more individualized attention for students, which could potentially translate to better educational outcomes. For potential investors, real estate agents, and those considering a move to the area, this could signify a stronger educational infrastructure. Moreover, appraisers and insurance agents might view a lower student-to-teacher ratio as an indicator of community investment in education, potentially impacting property values and premiums.
