National Real Estate and Livability Trends
The median value of occupied housing units in the United States has steadily climbed from $125,500.00 in 2015 to $179,400.00 in 2022, potentially signaling robust investment opportunities but also raising affordability concerns. Notably, there's been a marked increase in residential energy tax credits, particularly peaking in 2018 and resurging in 2021, pointing to a trend towards... Read more
National Market Trends
In the last eight years, the median value of occupied housing units in the United States has steadily risen from $125,500.00 in 2015 to $179,400.00 in 2022. This trend may signal a robust market with substantial investor opportunities but also raises affordability concerns. Simultaneously, there has been a notable increase in residential energy tax credits peaking in 2018 and a resurgence in... Read more
Median Value of Occupied Housing Units in United States Over the Last 8 Years
Over the last eight years, the median value of occupied housing units in the United States has experienced a consistent upward trend, increasing from $125,500.00 in 2015 to $179,400.00 in 2022. This steady rise in home values may suggest a robust housing market, providing a significant opportunity for potential investors and property developers, while also raising concerns about affordability for homebuyers. This trend might highlight an underlying strength in the real estate sector, which could be beneficial for those looking to capitalize on property in the country.
Residential Energy Tax Credit Per Tax Return in the United States Over the Last 9 Years
Over the past decade, there appears to be a notable increase in residential energy tax credits claimed per tax return in the United States, peaking drastically around 2018 with an average of $1891.85. Although there was a subsequent dip in 2019 and 2020, the credit amounts show renewed growth by 2021, approaching roughly $1900.64. This trend could indicate growing investments in energy-efficient home improvements, potentially supported by changing policies or incentives. These changes may appeal to property investors, real estate agents, and homeowners focusing on sustainable living.
Average Real Estate Taxes Per Tax Return in the United States Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in the United States have shown a consistent upward trend, starting from $1,299.79 in 2012 and reaching a remarkable spike of $7,860.75 in 2021. This notable increase, especially sharp post-2017, suggests a growing burden on property owners, escalating the financial commitment required for real estate investments. This trend could influence decisions for potential buyers, investors, and real estate agents, as higher taxes might affect property affordability and overall market dynamics. For insurance agents and appraisers, these figures may suggest adjustments in property valuations and risk assessments.
Percentage of Farm Returns in the United States Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in the United States has shown a gradual decline, dropping from approximately 2.29% in 2012 to around 1.99% in 2021. Farm tax returns, which indicate the portion of tax filings associated with farming income, can reflect the economic health and viability of the agricultural sector. This downward trend might suggest a contraction in farm profitability or a shift in the local economy away from agriculture. For those considering investments or property development, this could signal a need to diversify interests beyond traditional farming. It's worth noting that such trends may also impact the broader economic landscape of rural communities, affecting everything from job availability to local service demands.
Number of Mortgages by Occupancy Type in the United States Over the Last 5 Years
Over the last five years, the number of mortgages for principal residences in the United States has shown the most substantial figures, peaking in 2020 and 2021 before dropping in 2022. Investment property mortgages saw a notable increase from 2018 to 2021 but dipped significantly in 2022. Meanwhile, second residence mortgages also peaked in 2021 before decreasing. Changes in occupancy type might suggest shifting market dynamics: heightened interest in primary homes during economic uncertainty, fluctuating investment property appeal possibly due to economic conditions or regulatory changes, and varying demand for second homes that could be tied to pandemic lifestyle adjustments. These trends are crucial for investors, appraisers, real estate agents, and others interested in market stability, investment prospects, property valuations, and insurance considerations.
Economic Outlook
The average taxable income per tax return in the United States has seen a consistent rise over the past nine years, moving from $51,454.76 in 2013 to $73,143.73 by 2021, with a particularly notable jump between 2020 and 2021. Meanwhile, state and local income taxes have escalated, with a significant spike in 2018 and reaching $23,260.33 by 2021, hinting at possible changes in tax laws or rising incomes. Total tax liability in Alabama has also increased from $8,636.33 in 2012 to $18,307.84 in... Read more
Average Taxable Income Per Tax Return in the United States Over the Last 10 Years
The data shows a steady increase in the average taxable income per tax return in Alabama over the last decade, with notable jumps in 2020 and 2021. From $51,454.76 in 2013 to $94,632.24 in 2021, this trend reflects significant financial growth, which may be appealing for professionals and families considering relocation. This rise suggests an improving economic climate and increased earning potential for residents.
Average State and Local Income Taxes Per Tax Return in the United States Over the Last 10 Years
Average state and local income taxes per tax return in the United States have shown a clear upward trajectory over the past decade, with a notable spike around 2018. While taxes hovered around the $4,612 to $5,527.51 range from 2012 to 2017, they surged to $8,383.82 in 2018 and continued to rise, reaching an extraordinary $23,260.33 by 2021. This trend could indicate rising incomes, changes in tax laws, or both, and has implications for potential investors and residents regarding the cost of living and fiscal policies.
Average Total Tax Liability Per Tax Return in the United States Over the Last 10 Years
Over the past 11 years, the average total tax liability per tax return in Alabama has shown a noticeable upward trend, peaking sharply in recent years. From $8,636.33 in 2012, the liability consistently climbed, reaching $18,307.84 in 2021. This continual rise in tax liability could impact both investment and living decisions, making it essential for potential residents and investors to consider the increasing financial demands in the state. The jumps, especially in 2020 and 2021, suggest a significant economic change, possibly driven by policy adjustments or shifts in the local economic landscape.
Cost of Living in The United States
Safety trends & Data
Over the past five years, there's been a steady decline in larceny-theft and burglary incidents, while fraud, despite its fluctuations, continues to be the most prevalent property crime at 1,041,606 cases in 2022. The decrease in crimes like embezzlement and motor vehicle theft suggests either a shifting focus or better preventive measures. This data could be vital for real estate agents, appraisers, and insurance agents in assessing property risk and value across the U.S. For potential movers... Read more
Property Crime Trends in the United States Over the Last 5 Years
Over the past five years, the most notable trend in property crime has been the consistent decline in larceny-theft and burglary incidents. Fraud, although it fluctuates, remains the most prevalent property crime, sitting at 1,041,606 reported cases in 2022. The downward trend in crimes like embezzlement and motor vehicle theft suggests a shifting focus or improved preventive measures. Real estate agents, appraisers, and insurance agents would find this data crucial for assessing property risk and value in various U.S. locations. For potential movers and investors, understanding these crime trends can assist in making informed decisions about safety and security in potential neighborhoods.
Demographics
The gender balance in the United States shows a slight skew with females outnumbering males by roughly 5 million. This might influence various aspects of consumer behavior and policy-making. Education levels present diverse opportunities; while a significant portion of the population holds high school diplomas or some college education, around 10 million adults have less than a ninth-grade education. The age distribution suggests a balanced mix across age groups, but there's notably high... Read more
Race Distribution in United States (2022)
Educational Attainment in United States (2022)
Age Distribution in United States
Citizen Population in United States (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
The voting trend in the 2020 U.S. Presidential Election indicates that Democrats possibly secured a slight edge over Republicans, capturing approximately 51.28% of the vote compared to the Republicans' 46.83%. Minor parties like the Libertarians and Greens collectively garnered around 2% of the total vote share. This suggests a predominantly two-party dominance in the political landscape, with third parties potentially struggling to make significant inroads.
46.83% of voters voted for the Republican party in the 2020 Presidential Election
51.28% of voters voted for the Democrat party in the 2020 Presidential Election
1.14% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
0.51% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in the United States has decreased from nearly 16 students per teacher in 2014 to just over 14 in 2023. This trend suggests efforts to improve teacher availability and could enhance the quality of education. For investors and real estate agents, this might indicate rising demand for housing in areas with better school staffing. Appraisers and insurance agents might also find these shifts relevant, as they could impact property values and risk... Read more
Student-to-teacher ratio in the United States over the last 10 years
Over the past decade, the student-to-teacher ratio in the United States has shown a general downward trend, decreasing from nearly 16 students per teacher in 2014 to just over 14 in 2023. This slight reduction suggests efforts in improving teacher availability and potentially enhancing the quality of education. For investors and real estate agents, this trend might indicate rising demand for housing in areas with better school staffing. Appraisers and insurance agents might also find these shifts relevant, as they can impact property values and risk assessments. Those considering moving or building property might see a better student-to-teacher ratio as a sign of a commitment to education quality, indirectly boosting the appeal of certain regions.
