Wood County Real Estate and Livability Trends
Wood County, Texas, shows a promising economic trajectory with average taxable income per tax return climbing from $48,712.75 in 2013 to $66,766.12 by 2021. The median home values increased from $111,100 in 2015 to $170,700 in 2022, outpacing local tax hikes and enhancing property value appreciation. The lower-than-average student-to-teacher ratio could appeal to families seeking quality... Read more
Wood County Market Trends
Wood County, Texas has experienced a notable increase in median home values, rising from $111,100 in 2015 to $170,700 in 2022, presenting a more affordable option compared to the state average that jumped from $136,000 to $238,000. The fluctuation in residential energy tax credits—peaking at $3,366.67 in 2018—might indicate significant investments in energy-efficient homes, suggesting growing... Read more
Median Value of Occupied Housing Units in Wood County, Texas Over the Last 8 Years
Wood County, Texas has seen a significant rise in median home values over the past eight years, increasing from $111,100 in 2015 to $170,700 in 2022. While this growth is impressive, especially compared to the national increase from $125,500 to $179,400, it still lags behind the state of Texas, where values surged from $136,000 to $238,000. For potential investors or residents, this trend might indicate that Wood County offers a more affordable entry point into the housing market with potential for continued appreciation.
Residential Energy Tax Credit Per Tax Return in Wood County, TX Over the Last 9 Years
Over the last nine years, Wood County, Texas has seen substantial fluctuations in residential energy tax credits per tax return. The average credit jumped dramatically from $335.71 in 2013 to a peak of $3366.67 in 2018. This could suggest periods of significant investment in energy-efficient home improvements or shifts in policy incentives that boosted tax benefits. For investors, builders, and real estate professionals, these numbers may point to a growing interest in sustainable living, which could affect property values and market appeal.
Average Real Estate Taxes Per Tax Return in Wood County, TX Over the Last 10 Years
Over the past decade, Wood County, Texas has experienced a notable rise in average real estate taxes, increasing from $2,835.41 in 2012 to an apparent peak of $5,633.33 in 2020. Such a trend might suggest that property values have climbed, potentially positioning the area as an attractive option for real estate investors and developers. However, this could also imply higher costs for insurance agents and appraisers as well as residents, who might need to budget for escalating tax expenses. These figures seem to reflect shifts in the local real estate market, making it critical for stakeholders to monitor these changes closely.
Percentage of Farm Returns in Wood County, TX Over the Last 10 Years
Farm tax returns in Wood County, Texas have shown a slight decline over the past decade, starting from around 7.83% in 2012 and dropping to approximately 6.57% by 2021. Despite minor fluctuations, such as a brief increase around 2016, the general trajectory points to a gradual decrease. For those considering investment or property development, this trend may suggest a modest reduction in agricultural activity or profitability, which could influence land use decisions and economic planning. Understanding these shifts may offer potential insights into the regional agricultural economy and its future prospects.
Number of Mortgages by Occupancy Type in Wood County, TX Over the Last 5 Years in Wood County
Mortgages for principal residences in Wood County, Texas have consistently dominated the market, with notable high counts particularly in 2021 and 2020. This suggests a steady demand for primary homes, potentially reflecting stable or growing population trends. Investment properties have shown a more modest but stable count over the past five years, which could be indicative of a resilient rental market or opportunities for real estate investors seeking long-term gains. Meanwhile, the spike in second residence mortgages in 2021 followed by a sharp drop in 2022 might hint at changing consumer priorities or economic factors influencing discretionary spending. Changes in occupancy type matter because they can indicate shifts in the housing market and demand dynamics. For investors, these trends might signal stable or emerging opportunities. For those moving to the area, understanding the prevalence of primary versus secondary or investment properties provides insight into the community's composition. Appraisers and insurance agents rely on such data for accurate valuations and risk assessments. Builders and real estate agents can tailor their strategies based on current demand patterns and forecasted market trends, ensuring they meet the needs of the evolving local market.
Economic Outlook
Wood County, Texas, has experienced a notable increase in average taxable income per tax return, climbing from $48,712.75 in 2013 to $66,766.12 by 2021. This generally upward trajectory suggests potential gains in economic health or financial stability, which may make the county appealing to investors and real estate agents. Moreover, the marked rise in average state and local income taxes, from $4,560.00 in 2012 to $12,080.00 in 2021, hints at considerable policy shifts or economic growth... Read more
Average Taxable Income per Tax Return in Wood County, TX over the last 9 years
Wood County, Texas, has seen a steady increase in average taxable income per tax return over the past nine years, with some fluctuation. Starting from $48,712.75 in 2013, the average income rose to $66,766.12 by 2021. Notable peaks came in 2017 at $54,950.74, and again in 2020 and 2021 as it surpassed $56,000 and $66,000 respectively. This upward trend could be indicative of economic growth or improved financial health within the county, making it potentially attractive for investors and real estate agents looking for promising markets.
Average State and Local Income Taxes Per Tax Return in Wood County, TX Over the Last 10 Years
Over the last decade, Wood County, Texas has seen a significant rise in average state and local income taxes per tax return, starting from $4,560.00 in 2012 to $12,080.00 in 2021. Such increases could indicate changes in tax policy, economic growth, or shifts in the local economy affecting residents' taxable incomes. This trend is crucial for potential investors, real estate agents, and new residents to consider, as it directly impacts disposable income and the overall cost of living. Appraisers and insurance agents might also see these tax patterns as reflective of economic health and property value trends in the area.
Average Total Tax Liability Per Tax Return in Wood County, TX Over the Last 10 Years
Over the past decade in Wood County, Texas, average total tax liabilities per tax return have demonstrated a noticeable upward trend. Starting at $7,118.91 in 2012, liabilities oscillated slightly but showed significant increases, peaking at $10,152.09 in 2021. Such growth in tax liabilities could indicate rising incomes or property values, making Wood County an intriguing option for investors and real estate professionals tracking economic health and potential property value appreciation. This information is also relevant for appraisers and insurance agents who need to justify valuation and risk assessments accurately.
Cost of Living in Wood County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,153 | $1,363 | $1,874 | $1,146 | $819 |
| 1 adult 4 children | $1,153 | $1,113 | $1,433 | $1,146 | $902 |
| 2 adults 3 children | $1,153 | $1,114 | $1,625 | $1,146 | $649 |
| 1 adult 3 children | $1,153 | $909 | $1,185 | $1,146 | $692 |
| 2 adults 2 children | $947 | $912 | $1,377 | $999 | $601 |
| 1 adult 2 children | $947 | $681 | $937 | $999 | $530 |
| 2 adults 1 child | $947 | $721 | $1,129 | $522 | $581 |
| 1 adult 1 child | $947 | $465 | $689 | $522 | $481 |
| 2 adults | $719 | $579 | $880 | $0 | $506 |
| 1 adult | $633 | $316 | $440 | $0 | $427 |
Safety trends & Data
Wood County, Texas has experienced notable shifts in property crime over the last five years. Burglary incidents peaked at 39.00 in 2020 but saw a significant drop to 8.00 by 2022. Larceny-theft also declined from a high of 53.00 incidents in 2018 to 16.00 in 2022. Vandalism rates have stayed relatively stable, while arson saw a small increase to 4.00 incidents in 2022. Motor vehicle theft and fraud have remained consistent, indicating some areas of persistent concern. These trends are... Read more
Property Crime Trends in Wood County, TX Over the Last 5 Years
Wood County, Texas has seen fluctuating trends in property crime over the last five years. Burglary peaked in 2020 with 39.0 incidents but significantly dropped to 8.0 by 2022. Larceny-theft had a high of 53.0 incidents in 2018 but then declined to 16.0 in 2022. Vandalism incidents have remained relatively stable, while arson, although generally low, saw a small spike to 4.0 in 2022. Motor vehicle theft and fraud incidents have stayed fairly consistent over the years, suggesting that while some crimes have decreased, others show persistent concerns. These dynamics are crucial for real estate developers and buyers, insurance agents, and local residents in assessing risk and making informed decisions about property investments.
Demographics
In Wood County, Texas, the adult population is nearly evenly split between males and females with slight female predominance. Educational attainment varies widely, with a significant portion of residents completing only high school or some college without earning a degree, contributing to potential workforce challenges. There's a striking age skew towards older populations, with those aged 55 and above making up a significant chunk, signaling possible future shifts in services catering to... Read more
Race Distribution in Wood County, Texas (2022)
Educational Attainment in Wood County, Texas (2022)
Age Distribution in Wood County, Texas
Citizen Population in Wood County, Texas (2022)
Political Trends & Data
Wood County, Texas, leans overwhelmingly Republican based on the 2020 U.S. Presidential Election results, with GOP candidates potentially securing about 83.6% of the vote. Democratic candidates possibly attracted around 15.4%, while Libertarian and Green parties roughly received less than 1% combined. This political landscape could influence local policy decisions and, by extension, aspects of the real estate market, such as zoning laws, property taxes, and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Texas' Wood County during the 2020 U.S. Presidential Election, Republican candidates potentially received a commanding majority of the votes at approximately 83.6%, followed by Democratic candidates with around 15.4%. Libertarian and Green parties each garnered less than 1% of the vote, with the Libertarians receiving about 0.8% and the Greens around 0.2%. These figures suggest a predominantly Republican leaning in this county, with minor support for third-party candidates.
83.63% of voters voted for the Republican party in the 2020 Presidential Election
15.40% of voters voted for the Democrat party in the 2020 Presidential Election
0.77% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
0.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Wood County, Texas, has remained consistently lower than the national average, dropping to an impressive 11 in 2021. This lower ratio could imply more personalized education, which might attract families and real estate investors seeking high-quality schooling for children. This trend might also impact property values subtly, making the region more attractive for potential... Read more
Student-to-teacher ratio in Wood County, Texas over the last 10 years
The student-to-teacher ratio in Wood County, Texas, has hovered around 12 over the last decade, with a slight decrease in recent years, reaching its lowest at 11 in 2021. This consistently lower ratio compared to the national average of 14 students per teacher could hint at smaller class sizes, potentially leading to a more personalized education experience. Investors, real estate agents, and families considering relocating might find this an appealing aspect, as lower student-to-teacher ratios could signify a higher quality of education and more individual attention for students. For appraisers and insurance agents, this trend might subtly influence property values and attractiveness of the area.
