Yoakum County Real Estate and Livability Trends
Yoakum County, Texas, has experienced notable shifts in its real estate market, with the median value of occupied housing units rising dramatically from $74,600 in 2015 to $167,900 by 2022. The stable property crime rates and low student-to-teacher ratios may appeal to families and investors seeking community stability and educational quality. Tax trends reveal a significant decline in average... Read more
Yoakum County Market Trends
Since 2015, Yoakum County, Texas, has seen the median value of occupied housing units soar from $74,600 to $167,900 by 2022—a percentage increase rivaling both state and national averages. The average residential energy tax credit per tax return also peaked at $1,684.21 in 2021, suggesting heightened investment in energy-efficient home improvements. Property taxes have notably increased,... Read more
Median Value of Occupied Housing Units in Yoakum County, Texas Over the Last 8 Years
Since 2015, Yoakum County, Texas, has seen a significant rise in the median value of occupied housing units, escalating from $74,600 to $167,900 by 2022. This upward trajectory is particularly striking when compared to both the state of Texas and national trends. Texas as a whole saw house values increase from $136,000 to $238,000 over the same period, while the U.S. moved from $125,500 to $179,400. Although Yoakum County’s figures are lower than the state and national averages, the percentage increase in property values has been substantial, offering attractive opportunities for investors and potential homeowners looking for growth potential in a more affordable market.
Residential Energy Tax Credit Per Tax Return in Yoakum County, TX Over the Last 9 Years
Over the past nine years, Yoakum County, Texas, has seen a notable fluctuation in the average residential energy tax credit per tax return, peaking at $1,684.21 in 2021. The trend displays a significant rise from $285.71 in 2013 to higher figures in recent years, suggesting a growing investment in energy-efficient home improvements. For investors, potential homeowners, appraisers, and insurance agents, understanding these tax credit trends could indicate a broader regional push towards sustainability and energy efficiency, which could influence property values and attractiveness. Real estate professionals might find this insightful for marketing energy-efficient homes to environmentally conscious buyers.
Average Real Estate Taxes Per Tax Return in Yoakum County, TX Over the Last 10 Years
Yoakum County, Texas has seen quite an increase in average real estate taxes per tax return over the past decade. Early 2010s figures hovered around $2,000 to $3,000 but saw a significant hike, hitting a high of $4,836.36 in 2018 before stabilizing in the $4,500 to $4,600 range in recent years. This trend highlights a notable upward pressure on property taxes, likely reflecting various economic and policy changes that could influence real estate investments and the overall cost of living in the area.
Percentage of Farm Returns in Yoakum County, TX Over the Last 10 Years
Yoakum County in Texas has seen slight fluctuations in the percentage of farm tax returns over the past decade, generally hovering around 5.0% to 6.0%. These tax returns indicate the proportion of income generated from farming operations relative to the total income. Investors and property developers may find this data indicative of the stable agricultural activity in the region, impacting local land values and economic opportunities. The slight dip in recent years with a subtle uptick in 2021 could suggest a resiliency or a potential rebound in agricultural investments. Keeping an eye on these trends could provide insights into economic stability and growth potentials tied to farming in Yoakum County.
Number of Mortgages by Occupancy Type in Yoakum County, TX Over the Last 5 Years in Yoakum County
In Yoakum County, Texas, the number of mortgages for principal residences has generally trended upwards over the last five years, peaking at 262 in 2021. Investment property mortgages have remained relatively stable but limited, hovering around 6 to 10 each year. Second residences have consistently been minimal, with no more than 2 mortgages per year. These shifts in occupancy types may influence various stakeholders differently; investors might find limited opportunities in second homes, while potential homeowners may see a robust principal residence market. For real estate agents and appraisers, the data suggests a focus on primary residential properties, while insurance agents might need to tailor policies primarily for homeowners rather than landlords. Builders might also find it beneficial to cater to the demand for principal residences.
Economic Outlook
Yoakum County, Texas, has shown significant fluctuations in average taxable income per tax return, peaking in 2018 at $68,035.34 and hitting a low in 2020 at $56,647.24. This might suggest some economic instability, yet the upward trends from 2016 to 2018 could indicate resilience. On the tax front, there's been a general decline in state and local income taxes, dropping from $4,175.00 in 2012 to $2,233.33 in 2021, possibly pointing to improved tax efficiencies or favorable economic conditions.... Read more
Average Taxable Income per Tax Return in Yoakum County, TX over the last 9 years
Yoakum County, Texas has exhibited notable fluctuations in average taxable income per tax return over the last nine years. Observing the trends, there's a peak in 2018 at $68,035.34 while a low point occurs in 2020 with $56,647.24. Despite these variations, investors and real estate agents might find the upward movements from 2016 to 2018 encouraging, suggesting some economic resilience. For those considering relocation or property development, these trends might imply a degree of instability but also potential recovery and growth phases. This data can be quite insightful for appraisers and insurance agents as they evaluate property values and set premium rates.
Average State and Local Income Taxes Per Tax Return in Yoakum County, TX Over the Last 7 Years
Over the past seven years, the average state and local income taxes per tax return in Yoakum County, Texas, have generally declined. In 2012, it was at its peak at $4,175.00, but by 2021, it had dropped to $2,233.33. This downward trend might indicate improving tax efficiencies or changing economic conditions, making it potentially attractive for investors or new residents seeking lower tax burdens. Real estate agents, insurance agents, and appraisers might find this trend significant when evaluating property value and overall market appeal in this area.
Average Total Tax Liability Per Tax Return in Yoakum County, TX Over the Last 10 Years
Over the last decade, Yoakum County, Texas has seen a notable fluctuation in the average total tax liability per tax return. Starting at a peak of $14,874.12 in 2012, the tax liability showed a consistent decline until it dipped to $8,370.04 in 2021. This downward trend may imply changes in local economic conditions or shifts in income levels, which could be valuable insights for investors, property developers, and real estate agents. Adjustments in tax policies might also play a role, influencing decisions for those considering relocation or investments in the area.
Cost of Living in Yoakum County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,228 | $1,371 | $2,079 | $1,199 | $941 |
| 1 adult 4 children | $1,228 | $1,120 | $1,592 | $1,199 | $1,048 |
| 2 adults 3 children | $1,228 | $1,120 | $1,803 | $1,199 | $760 |
| 1 adult 3 children | $1,228 | $915 | $1,316 | $1,199 | $828 |
| 2 adults 2 children | $1,009 | $917 | $1,527 | $1,046 | $681 |
| 1 adult 2 children | $1,009 | $685 | $1,040 | $1,046 | $644 |
| 2 adults 1 child | $1,009 | $725 | $1,250 | $548 | $665 |
| 1 adult 1 child | $1,009 | $468 | $763 | $548 | $544 |
| 2 adults | $855 | $582 | $974 | $0 | $585 |
| 1 adult | $761 | $318 | $487 | $0 | $495 |
Safety trends & Data
Property crime trends in Yoakum County, Texas, have shown notable fluctuations over the last five years. Burglary incidents peaked in 2021 before dropping, while larceny-theft decreased overall. Motor vehicle thefts remained consistent, and vandalism spiked in 2018 but has since stabilized. Forgery and counterfeiting cases have seen a slight rise, potentially impacting property values, insurance premiums, and investment decisions. Keeping informed about these shifts could be crucial for... Read more
Property Crime Trends in Yoakum County, TX Over the Last 5 Years
Yoakum County, Texas, has experienced fluctuating trends in property crime over the last five years. Burglary incidents saw an initial slight increase, peaking in 2021 before declining. Larceny-theft incidents have generally decreased, while motor vehicle thefts have remained consistent. Vandalism peaked in 2018, then dropped and stabilized, and cases of forgery and counterfeiting have seen a small rise. These trends could influence property values, insurance premiums, and investment decisions, making it crucial for stakeholders to stay informed about these shifts.
Demographics
Yoakum County, Texas, displays a somewhat balanced gender distribution of adults, with a slight lean towards females. Educational attainment varies notably, with a significant portion of the population holding a high school diploma or some college education, but a smaller percentage achieving higher degrees. The age distribution highlights a relatively young population, particularly in the under-10 and 25-44 categories, suggesting potential growth and workforce development. Racial composition... Read more
Race Distribution in Yoakum County, Texas (2022)
Educational Attainment in Yoakum County, Texas (2022)
Age Distribution in Yoakum County, Texas
Citizen Population in Yoakum County, Texas (2022)
Political Trends & Data
Yoakum County, Texas, leans heavily conservative, with Republicans potentially capturing over 82% of votes in the 2020 Presidential Election. Democrats appeared to lag, with around 16%, and minor parties barely registering. This conservative tilt could influence real estate trends, possibly favoring developments that align with traditional or Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Yoakum County, Texas, the 2020 U.S. Presidential Election results suggested a strong leaning towards the Republican party, capturing potentially over 82% of the votes. Democrats seemed to have garnered around 16%, trailing significantly. Minor party candidates, such as Libertarians and Greens, appeared to represent a very small fraction, collectively under 2%. This distribution might indicate a predominantly conservative voter base in the county.
82.63% of voters voted for the Republican party in the 2020 Presidential Election
15.96% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
School Data
In Yoakum County, Texas, the student-to-teacher ratio has varied between 11 and 14 students per teacher over the past decade, roughly aligning with the national average. This relatively low ratio could suggest more personalized attention for students, potentially enhancing educational outcomes. Such trends may catch the eye of families and educators, as well as real estate agents and investors, since strong education systems often attract homebuyers and positively affect property... Read more
Student-to-teacher ratio in Yoakum County, Texas over the last 10 years
Over the past decade, Yoakum County, Texas, has seen its student-to-teacher ratio fluctuate between 11 and 14 students per teacher. This is relatively close to the national average ratio of 14 students per teacher. A lower student-to-teacher ratio might imply more individualized attention for students, potentially enhancing educational outcomes. This trend could be appealing for families considering relocation, as well as for educators and administrators aiming to maintain competitive teaching standards. Real estate agents and investors might also find this favorable, as quality education systems often attract homebuyers and can influence property values positively.
