Bullock County Real Estate and Livability Trends
Bullock County, Alabama, has seen average taxable income per tax return grow from $31,932.49 in 2013 to $38,464.58 in 2021, alongside rising average state and local income taxes. Median home values have increased from $68,600 in 2015 to $87,700 in 2022, though this still lags behind broader trends. Notable jumps in residential energy tax credits highlight a shift towards energy-efficient... Read more
Bullock County Market Trends
Bullock County, Alabama's median home values have climbed from $68,600 in 2015 to $87,700 in 2022, trailing behind broader Alabama and national trends. Noteworthy jumps in residential energy tax credits, from $350.00 in 2013 to $1,757.14 in 2021, underscore increasing energy-efficient upgrades. Real estate taxes per tax return surged from $897.87 in 2012 to $1,640.00 in 2021, likely due to rising... Read more
Median Value of Occupied Housing Units in Bullock County, Alabama Over the Last 8 Years
Median home values in Bullock County, Alabama have shown some volatility over the past eight years, yet have ultimately increased from $68,600 in 2015 to $87,700 in 2022. This trajectory lags behind the broader trends seen both statewide in Alabama and nationally, where home values have steadily risen over the same period from $125,500 in 2015 to $179,400 by 2022. This dynamic suggests potential value opportunities for investors or homebuyers looking to get in on the ground floor in Bullock County before the market potentially catches up to wider trends.
Residential Energy Tax Credit Per Tax Return in Bullock County, AL Over the Last 9 Years
Bullock County, Alabama, has seen a notable rise in residential energy tax credits per tax return, jumping from $350.00 in 2013 to $1,757.14 in 2021. This uptrend, peaking sharply in recent years, highlights increasing investment in energy-efficient home improvements. For investors and homeowners, this indicates a growing commitment to energy efficiency and potential long-term savings on energy bills, making Bullock County an attractive proposition for sustainable living initiatives.
Average Real Estate Taxes Per Tax Return in Bullock County, AL Over the Last 10 Years
The past decade has seen a significant upward trajectory in real estate taxes per tax return in Bullock County, Alabama, rising from $897.87 in 2012 to $1,640.00 in 2021. Notably, there was a sharp increase post-2016, with the most dramatic spike between 2018 and 2019 when taxes soared from $1,241.67 to $1,636.36. This trend could indicate increasing property values or changes in tax policies, making it an essential consideration for potential investors and residents keen on understanding the financial landscape of the area.
Percentage of Farm Returns in Bullock County, AL Over the Last 10 Years
Over the last decade in Bullock County, Alabama, farm tax returns have exhibited slight fluctuations. Peak percentages occurred in 2013 with 6.58%, while the lowest was in 2020 at 3.93%. These variations indicate inconsistent agricultural revenue, likely impacted by economic and environmental factors. For prospective investors or residents, understanding these trends could be crucial, as they reflect the area's agricultural viability and economic stability.
Number of Mortgages by Occupancy Type in Bullock County, AL Over the Last 5 Years in Bullock County
Over the past five years in Bullock County, Alabama, the number of mortgages for principal residences has seen a significant increase, rising from 134 in 2018 to 204 in 2022. In contrast, investment property mortgages have decreased, dropping from 8 in 2018 to 4 by 2022. This trend suggests a growing interest in the county as a primary living destination, which could drive up property values and impact market dynamics. For investors, this shift might mean fewer competitive opportunities for rental properties. On the flip side, real estate agents and appraisers might find a more robust market for primary homes, while insurance agents could see changes in risk profiles with more homeowners versus renters. The steady interest in second residences, with slight fluctuations, indicates a consistent but niche segment where luxury or vacation properties may find steady demand.
Economic Outlook
Bullock County, Alabama, has experienced a steady rise in average taxable income per tax return, growing from $31,932.49 in 2013 to $38,464.58 in 2021. 2020 saw a notable spike to $35,568.19, indicating a positive economic trend. Concurrently, average state and local income taxes per tax return have surged, leaping from $2,868.63 in 2012 to $4,750.00 in 2021, with significant spikes in 2018 and 2019 impacting disposable income. Average total tax liabilities per tax return have also trended... Read more
Average Taxable Income per Tax Return in Bullock County, AL over the last 9 years
Over the past nine years, Bullock County, AL has seen a steady increase in average taxable income per tax return, starting from $31,932.49 in 2013 and reaching $38,464.58 in 2021. Notably, there was a significant jump in 2020 to $35,568.19 followed by another rise in 2021, suggesting a positive economic trend that could attract potential new residents and investors seeking growth opportunities.
Average State and Local Income Taxes Per Tax Return in Bullock County, AL Over the Last 10 Years
Bullock County, AL has experienced a dramatic increase in average state and local income taxes per tax return over the past decade. Starting from $2,868.63 in 2012, the amount has surged to $4,750.00 by 2021. Most notably, there were significant spikes in 2018 and 2019, highlighting a substantial rise in the financial obligations for residents. This sharp increase in taxes can affect disposable income and may influence decisions for those considering moving to or staying in Bullock County.
Average Total Tax Liability Per Tax Return in Bullock County, AL Over the Last 10 Years
Over the past decade, Bullock County, Alabama has seen fluctuating yet generally increasing average total tax liabilities per tax return, with values ranging from around $4,065.73 in 2019 to a high of $4,628.89 in 2021. This upward trend reflects incremental rises in income or changes in tax policies, making it a region of interest for potential investors, new residents, or developers looking to understand the economic dynamics and purchasing power in the area.
Cost of Living in Bullock County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $999 | $1,552 | $1,849 | $1,245 | $1,261 |
| 1 adult 4 children | $999 | $1,268 | $1,379 | $1,245 | $1,269 |
| 2 adults 3 children | $999 | $1,268 | $1,622 | $1,245 | $1,019 |
| 1 adult 3 children | $999 | $1,035 | $1,152 | $1,245 | $1,038 |
| 2 adults 2 children | $820 | $1,038 | $1,395 | $1,080 | $914 |
| 1 adult 2 children | $820 | $775 | $924 | $1,080 | $825 |
| 2 adults 1 child | $820 | $820 | $1,168 | $543 | $831 |
| 1 adult 1 child | $820 | $530 | $697 | $543 | $680 |
| 2 adults | $631 | $659 | $941 | $0 | $692 |
| 1 adult | $620 | $360 | $470 | $0 | $582 |
Safety trends & Data
Property crime in Bullock County, Alabama has experienced some ups and downs over the past five years. Larceny-theft peaked in 2018 with 17 incidents but dropped to just 3 by 2022. Vandalism stayed relatively stable with a slight increase to 5 cases in 2022. Burglary spiked to 4 cases in 2019 but then decreased significantly. Motor vehicle thefts remain low and inconsistent, while embezzlement and fraud are minimal but consistent. These trends could reflect varying community vigilance and law... Read more
Property Crime Trends in Bullock County, AL Over the Last 5 Years
Property crime in Bullock County, Alabama, has shown some notable fluctuations over the past five years. Larceny-theft peaked in 2018 with 17 reported incidents but has significantly tapered off to just 3 cases by 2022. Vandalism incidents have remained relatively steady, constantly appearing in the annual stats, with a slight uptick to 5 cases in 2022. Interestingly, burglary cases spiked to 4 in 2019 before decreasing drastically in subsequent years. Motor vehicle thefts appear sporadic and low, while instances of embezzlement, fraud, and similar crimes remain minimal but present. This data might suggest varying levels of community vigilance and law enforcement effectiveness, which could influence decisions on investing, appraising, insuring, or building property in the area.
Demographics
Bullock County, Alabama, exhibits a diverse racial composition with a significant majority identifying as Black or African American. Educational attainment indicates a substantial portion of the population having only a high school diploma or less, reflecting potential barriers to higher education. Age distribution shows a balanced mix across the age spectrum, with younger demographics being quite strong. The adult population skews slightly more male. This demographic mosaic impacts local... Read more
Race Distribution in Bullock County, Alabama (2022)
Educational Attainment in Bullock County, Alabama (2022)
Age Distribution in Bullock County, Alabama
Citizen Population in Bullock County, Alabama (2022)
Political Trends & Data
In Bullock County, Alabama, the 2020 U.S. Presidential Election exhibited a noteworthy Democratic lean, with the Democratic candidate receiving nearly 75% of the votes. This could reflect a strong local adherence to Democratic values, possibly shaping future elections and policy decisions in the region. Republican votes were around 25%, and other parties had minimal impact. This political dynamic might influence various aspects, including community priorities and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Bullock County, Alabama, the 2020 U.S. Presidential Election showed a significant Democratic tilt, with nearly 75% of the votes cast for the Democratic candidate. Republicans garnered just around 25%, while other parties barely made a mark. This trend might indicate a strong, local alignment with Democratic ideals, potentially influencing future elections and policy priorities in the area.
24.84% of voters voted for the Republican party in the 2020 Presidential Election
74.70% of voters voted for the Democrat party in the 2020 Presidential Election
0.46% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bullock County, Alabama has had a fluctuating student-to-teacher ratio, peaking at 21 in 2022, much higher than the US national average of 14. This may indicate larger class sizes and potential impacts on education quality. For real estate professionals and residents, this can be a crucial factor when assessing the area's appeal, especially for families prioritizing education. This data could also be key for appraisers and insurance agents in evaluating community resources and living... Read more
Student-to-teacher ratio in Bullock County, Alabama over the last 10 years
Bullock County, Alabama has experienced a fluctuating student-to-teacher ratio over the past decade, peaking at 21 in 2022. Generally higher than the US national average student-to-teacher ratio of 14, these figures may suggest larger class sizes, potentially impacting the quality of education and individual attention students receive. For investors, this could be a signal of a growing student population or budgetary constraints in hiring. Real estate agents and residents might consider these ratios when assessing the desirability of the area, particularly for families prioritizing education. Appraisers and insurance agents might also find this data relevant for evaluating community resources and overall living conditions.
