Young County Real Estate and Livability Trends
Young County, Texas, has seen considerable fluctuations in average taxable incomes, peaking at $77,626.62 in 2021, and significant volatility in state and local income taxes, which could impact property valuations and economic stability. Median home values rose from $82,000 in 2015 to $142,100 in 2022, still below Texas's median of $238,000 and the national median of $179,400, which might suggest... Read more
Young County Market Trends
Young County, Texas, has seen its median home values surge from $82,000 in 2015 to $142,100 in 2022, yet these values still trail behind Texas's median of $238,000 and the national median of $179,400, signaling potential affordability for investors and first-time buyers. The drastic fluctuations in residential energy tax credits, peaking at $2,000 in 2020, hint at growing investments in... Read more
Median Value of Occupied Housing Units in Young County, Texas Over the Last 8 Years
Over the past eight years, Young County, Texas has seen a considerable rise in median home values, starting from $82,000 in 2015 to $142,100 by 2022. While this represents significant growth, the county's home values remain substantially lower compared to Texas's median of $238,000 and the national median of $179,400 in 2022. This potentially presents an attractive opportunity for investors or first-time homebuyers seeking affordable alternatives in a market where home values have been steadily appreciating but still lag behind broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Young County, TX Over the Last 8 Years
The residential energy tax credit average per tax return in Young County, Texas has shown notable fluctuations over the last eight years. Early years saw moderate credit amounts with $327.27 in 2013 dropping to around $225.00 by 2015. A significant spike emerged in 2020 with an average credit of $2000.00, followed by a slight decrease to $1666.67 in 2021. This pattern suggests increasing investment or incentives in energy-efficient home improvements, potentially making Young County a valuable area for real estate investments focused on energy-efficient properties. This trend could also impact property appraisals, insurance evaluations, and decisions for future residents considering the benefits of lower long-term energy costs.
Average Real Estate Taxes Per Tax Return in Young County, TX Over the Last 10 Years
In Young County, Texas, real estate taxes per tax return have seen a notable increase over the past decade, rising from approximately $3,323.36 in 2012 to around $6,863.33 in 2021. This steady growth could indicate a robust property market, potentially making it an appealing area for real estate investment. However, it may also mean higher carrying costs for homeowners and investors. This trend could impact financial considerations for prospective buyers, appraisers, and insurance agents working in the region.
Percentage of Farm Returns in Young County, TX Over the Last 10 Years
Farm tax returns in Young County, Texas, have seen slight fluctuations over the past decade but generally hover around 10.00%. The highest point was in 2016 at approximately 10.60%, and the lowest in 2020 at around 9.48%. For investors or those interested in agricultural development, this modest but stable trend in farm tax returns might suggest a relatively predictable farming economy, though the noticeable dip in 2020 may be worth further investigation.
Number of Mortgages by Occupancy Type in Young County, TX Over the Last 5 Years in Young County
Mortgage patterns in Young County, Texas reveal significant fluctuations in principal residence mortgage counts, peaking in 2021 with 597 mortgages. Investment property mortgages showed a slight increase from 2018 to 2022, while second residence mortgages remained the most stable but least common category. These shifts indicate variable demand and investment potential, crucial for investors, real estate agents, and appraisers. Understanding occupancy trends helps predict property value appreciation and market stability, guiding decisions for building, buying, or insuring properties in the region.
Economic Outlook
Young County, Texas has experienced fluctuating average taxable incomes per tax return over the past nine years, with a recent spike to $77,626.62 in 2021. This variability may influence investment decisions and property valuations due to its impact on economic stability. Additionally, average state and local income taxes per tax return have shown significant volatility, with peaks in 2018 and 2019 and a notable dip in 2017. The average total tax liability per tax return also displayed... Read more
Average Taxable Income per Tax Return in Young County, TX over the last 9 years
Young County, Texas has seen fluctuating average taxable incomes per tax return over the past nine years, which could indicate a somewhat volatile local economy. In recent years, there was a noticeable spike, with the average taxable income rising to $77,626.62 in 2021. This variability might influence investment decisions, property valuations, and insurance premiums, as economic stability often correlates with predictability in these areas. It’s crucial for potential movers or investors to consider these income trends alongside broader economic factors in the county. Real estate agents might find these trends valuable when advising clients about the market’s potential trajectory.
Average State and Local Income Taxes Per Tax Return in Young County, TX Over the Last 10 Years
Average state and local income taxes per tax return in Young County, Texas have fluctuated significantly over the past decade. Notable peaks occurred in 2018 and 2019, with averages of $10,266.67 and $14,600.00 respectively, indicating possible economic or policy changes during those years. Conversely, 2017 saw a significant dip to $4,271.43. Such volatility highlights the need for investors and homeowners to stay informed about potential tax impacts when considering property or investments in this area.
Average Total Tax Liability Per Tax Return in Young County, TX Over the Last 10 Years
Young County, located in Texas, has shown a fluctuating trend in average total tax liability per tax return over the last decade. Despite inevitable downturns, the year 2021 saw a significant spike with an average liability reaching $15,778.19, representing a notable jump from the previous years, which generally hovered between $10,000 and $13,000. This volatility and the recent surge could be indicative of changing economic conditions or shifts in local tax policies, making it essential for potential investors, homeowners, and real estate professionals to stay informed on these trends. Understanding these changes is crucial for assessing financial commitments, insurance considerations, and the overall economic landscape of the county.
Cost of Living in Young County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,104 | $1,267 | $2,285 | $1,109 | $854 |
| 1 adult 4 children | $1,104 | $1,035 | $1,751 | $1,109 | $924 |
| 2 adults 3 children | $1,104 | $1,035 | $1,980 | $1,109 | $675 |
| 1 adult 3 children | $1,104 | $845 | $1,447 | $1,109 | $703 |
| 2 adults 2 children | $835 | $847 | $1,676 | $968 | $599 |
| 1 adult 2 children | $835 | $633 | $1,142 | $968 | $510 |
| 2 adults 1 child | $835 | $670 | $1,372 | $510 | $577 |
| 1 adult 1 child | $835 | $432 | $838 | $510 | $464 |
| 2 adults | $731 | $538 | $1,067 | $0 | $531 |
| 1 adult | $630 | $293 | $534 | $0 | $436 |
Safety trends & Data
Young County, Texas, has experienced notable shifts in property crime trends over the past five years. Burglary cases peaked at 11 in 2021 before dropping to 3 in 2022, while Larceny-Theft spiked to 39 cases last year after a low of 6 in 2020. This volatility, alongside a gradual rise in Motor Vehicle Theft from 3 in 2018 to 8 in 2022 and a decrease in Forgery and Counterfeiting from 9 to 4, could play a role in influencing property investments, insurance rates, and community safety... Read more
Property Crime Trends in Young County, TX Over the Last 5 Years
Young County, Texas, has seen varied property crime trends over the last five years, with noticeable fluctuations across different categories. Burglary incidents peaked in 2021 with 11 cases but dropped significantly in 2022 to just 3. Larceny-Theft has shown more volatility, spiking to 39 cases in 2022 after dipping to 6 in 2020. Motor Vehicle Theft somewhat increased from 3 in 2018 to 8 in 2022. The data on Forgery and Counterfeiting suggests an overall reduction, with 9 cases in 2018 dropping to 4 by 2022. These crime patterns could influence decisions around property investments, insurance premiums, and community safety initiatives in Young County.
Demographics
In Young County, Texas, the adult population in 2022 appeared to be fairly balanced with slightly more females than males. Educational attainment presented a spectrum where close to one-third of adults had completed high school, but only a small fraction had a graduate or professional degree. The age distribution seemed to tilt towards a more mature population, with substantial segments aged 55 and above. Racially, the county was predominantly White, with very modest representation from other... Read more
Race Distribution in Young County, Texas (2022)
Educational Attainment in Young County, Texas (2022)
Age Distribution in Young County, Texas
Citizen Population in Young County, Texas (2022)
Political Trends & Data
Young County, Texas, leans significantly Republican, with approximately 86.3% of votes cast for the party during the 2020 U.S. Presidential Election. The Democratic Party garnered only about 12.5% of the vote, highlighting a strong partisan preference in this area. This voting pattern potentially suggests a highly homogeneous political base with minimal influence from Libertarian and Green... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Young County, Texas, shows a significant leaning toward the Republican Party, with nearly 86.3% of votes likely cast in their favor during the 2020 U.S. Presidential Election. In stark contrast, the Democratic Party received just around 12.5% of the vote, suggesting a strong partisan preference. The Libertarian and Green parties had minimal impact, possibly receiving less than 1% each. These trends could indicate limited political diversity or a highly homogeneous voting base in this region.
86.30% of voters voted for the Republican party in the 2020 Presidential Election
12.55% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% 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
Young County, Texas, has seen its student-to-teacher ratio decline to around twelve students per teacher, lower than the national average of fourteen. This trend might be appealing for investors and developers since it often correlates with higher quality education, potentially drawing more families to the area. For real estate market professionals, these changing statistics could impact property values and risk assessments, hinting at a boost in the community's overall... Read more
Student-to-teacher ratio in Young County, Texas over the last 10 years
Over the past decade, Young County, Texas, has experienced a steady decline in its student-to-teacher ratio, reaching a low of approximately twelve students per teacher in recent years, compared to the national average of fourteen. Such a shift can have various implications. For those eyeing investment opportunities, a lower ratio may be appealing as it often correlates with more individualized student attention and potentially higher quality education, which often attracts families. For real estate agents and developers, this trend might suggest a growing desirability of properties within the county. Appraisers and insurance agents could see changes in property values and risk assessments as better educational statistics often enhance a community's overall profile. For residents and those considering relocation, these figures suggest a potential edge in educational quality, impacting decisions about moving to or staying in the area.
