Alabama Real Estate and Livability Trends
Alabama's median home values have jumped 43% since 2015, moving from $125,500 to $179,400 in 2022, suggesting increased demand and market attractiveness. Real estate taxes have surged significantly, from $1,299.79 in 2012 to a peak of $7,860.75 in 2021, likely due to property value changes or tax policy shifts. The state has also seen a notable rise in energy tax credits, up from $385.20 per tax... Read more
Alabama Market Trends
Since 2015, Alabama's median home values have surged from $125,500 to $179,400 in 2022, a 43% increase that suggests growing demand and appeal. The state's rising real estate taxes, from $1,299.79 in 2012 to a peak of $7,860.75 in 2021, could reflect significant property valuation changes or tax policy shifts. Energy tax credits have also seen substantial growth, climbing from $385.20 per tax... Read more
Median Value of Occupied Housing Units in Alabama Over the Last 8 Years
Since 2015, Alabama has seen a steady climb in median home values, with an increase from $125,500 to $179,400 in 2022. This 43% jump suggests a growing appeal and demand for housing in the state. Comparatively, the national trend mirrors this upward momentum, indicating that Alabama is aligned with broader economic and regional housing growth patterns. Investors and potential homebuyers might find Alabama's market increasingly attractive, especially as home values here continue to rise consistently.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Alabama over the last 10 years
Active Loans 30-60 Days Past Due in Alabama over the last 10 years in Alabama
Perent of loans that are Active Loans 90-180 Days Past Due in Alabama over the last 10 years in Alabama
Residential Energy Tax Credit Per Tax Return in Alabama Over the Last 9 Years
In Alabama, the average residential energy tax credit per tax return has seen significant growth over the past decade. From $385.20 in 2013 to $1,900.64 in 2022, this trend reflects a substantial increase in incentives for energy-efficient home improvements. Notably, the spike in 2017 and peaked in 2018 at $1,891.85 indicates heightened policy effectiveness or market changes that encourage sustainable investments. Investors and homeowners should find this upward trend promising, as it highlights ongoing support for green initiatives and potentially higher returns on energy-efficient home upgrades.
Average Real Estate Taxes Per Tax Return in Alabama Over the Last 10 Years
Real estate taxes per tax return in Alabama have shown a general upward trend over the past decade, with a notable spike starting in 2018. From $1,299.79 in 2012, the average rose steadily until it nearly doubled by 2020 with a value of $2,631.30. However, 2021 saw an extraordinary increase, reaching $7,860.75, which could indicate significant changes in property valuations or tax policies. These increasing tax values might influence investment decisions, property development, and overall living costs in the state.
Percentage of Farm Returns in Alabama Over the Last 10 Years
Over the last 11 years in Alabama, the percentage of farm tax returns has steadily decreased from 2.29% in 2012 to a low of 1.11% in 2021. Farm tax returns, which are filed by individuals or entities engaged in agricultural trade or business, reflect the economic health and activity of the farming sector. This decline indicates potential challenges in the agricultural market, such as increased operational costs, reduced profitability, or shifts towards urbanization. Investors and potential property developers should be aware of these trends as they can influence land value, availability for farming investments, and local economic conditions for areas historically reliant on agriculture.
Economic Outlook
Alabama's average taxable income per tax return has seen a substantial rise, jumping from $51,454.76 in 2013 to $94,632.24 in 2021. This suggests improving financial health and could attract professionals and families. However, average state and local income taxes in the U.S. have also surged, with a notable jump from $5,527.51 in 2017 to $23,260.33 by 2021. Likewise, Alabama's total tax liability per tax return has more than doubled over the past decade, reaching $18,307.84 in 2021. These... Read more
Average Taxable Income Per Tax Return in Alabama 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 Alabama 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 Alabama 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 Alabama
Safety trends & Data
Property crime trends in Alabama have seen some significant fluctuations over the past five years. Fraud peaked at 15,964 counts in 2018 but sharply declined to 4,260 in 2021, possibly due to changes in enforcement or preventative measures. Arson, burglary, and motor vehicle theft remain relatively low, while larceny-theft shows notable variability, peaking at 3,183 in 2018 and dropping to 998 in 2020. Embezzlement incidents fell markedly from 1,154 in 2018 to 275 in 2021, potentially... Read more
Property Crime Trends in Alabama Over the Last 5 Years
Property crime trends in Alabama over the past five years reveal significant fluctuations across various crime categories. Fraud consistently tops the chart with its peak at 15,964 counts in 2018 and a steep drop to 4,260 in 2021, hinting at potential shifts in enforcement or preventative measures. While arson, burglary, and motor vehicle theft numbers seem relatively low, larceny-theft shows notable variability, peaking at 3,183 in 2018 and dipping as low as 998 in 2020. Notably, embezzlement incidents saw a marked decline over the years from 1,154 in 2018 to 275 in 2021, potentially reflecting changes in economic conditions or reporting accuracy. For real estate agents, investors, and insurance agents, these trends can influence risk assessments, property valuations, and crime mitigation strategies.
Demographics
Alabama's adult population skews slightly female, with education data reflecting a large share of residents who have completed high school or pursued some college education. The age distribution suggests a balanced population spread, though there's a noticeable increase in the 55 to 64 years segment. Race distribution data shows a predominantly White demographic, with Black or African American residents forming the second largest group. These trends may influence healthcare, educational needs,... Read more
Race Distribution in Alabama (2022)
Educational Attainment in Alabama (2022)
Age Distribution in Alabama
Citizen Population in Alabama (2022)
Political Trends & Data
Alabama's 2020 U.S. Presidential Election results suggest a strong Republican lean with the GOP likely capturing about 62% of the vote, significantly outpacing the Democratic party, which averaged around 36%. Minor parties such as the Libertarians and Greens seemingly made no notable impact, and other parties together probably secured just below 1.5%. This political inclination may be a key factor in shaping the state's policies and economic climate, indirectly influencing the broader market,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Alabama's 2020 U.S. Presidential Election, the Republican party likely garnered a significant majority of the vote at around 62%, with Democrats trailing at roughly 36%. Minor parties such as Libertarians and Greens did not seem to make a notable impact, whereas other parties collectively might have captured just below 1.5%. This trend potentially indicates a strong Republican lean in the state.
62.03% of voters voted for the Republican party in the 2020 Presidential Election
36.57% of voters voted for the Democrat party in the 2020 Presidential Election
1.40% of voters voted for the Other party in the 2020 Presidential Election
