Cherokee County Real Estate and Livability Trends
Cherokee County, Alabama, exhibits intriguing real estate trends, driven by significant economic growth and tax implications. The average taxable income climbed to $55,515.03 in 2021, suggesting improved financial stability, which may attract potential homeowners. The median home value rose to $158,700 in 2022, lower than the state’s $179,400 median, highlighting potential investment... Read more
Cherokee County Market Trends
The median home value in Cherokee County, Alabama, rose from $105,100 in 2015 to $158,700 in 2022, keeping it still below the state’s $179,400 median. This growth suggests an appealing investment opportunity due to the lower-than-average prices. Residential energy tax credits in Cherokee County have fluctuated sharply, peaking at $1,466.67 in 2018 and dropping to $590.91 in 2019, possibly... Read more
Median Value of Occupied Housing Units in Cherokee County, Alabama Over the Last 8 Years
The median home value in Cherokee County, Alabama, has seen significant appreciation over the past eight years, climbing from $105,100 in 2015 to $158,700 in 2022. This county-level growth roughly parallels the broader trends observed across Alabama and the United States, though Cherokee County's properties remain more affordably priced compared to the state’s median value of $179,400 and the national median of $179,400 in 2022. For potential investors or those considering relocating, this substantial yet still lower-than-average market could offer a compelling blend of value and growth potential.
Residential Energy Tax Credit Per Tax Return in Cherokee County, AL Over the Last 9 Years
The residential energy tax credit in Cherokee County, Alabama, has shown notable fluctuations over the past nine years, with a significant peak in 2018 at $1,466.67 per tax return, followed by a substantial drop to $590.91 in 2019. This volatility reflects shifting incentives and possibly variations in energy-efficient improvements or policy changes. Such dramatic shifts merit attention for anyone contemplating investments in energy-efficient home upgrades or seeking tax benefits in this area.
Average Real Estate Taxes Per Tax Return in Cherokee County, AL Over the Last 10 Years
In Cherokee County, Alabama, real estate taxes per tax return have shown a general upward trend over the last decade. Starting at $1,084.57 in 2012, the figures experienced modest increases until a notable jump in 2016 reaching $1,259.73. A significant spike occurred in 2018, catapulting the average to $1,923.08, followed by further increases reaching $2,246.88 in 2021. This pattern might indicate escalating property values or changes in local taxation policies, potentially impacting future property investment and ownership costs in the area.
Percentage of Farm Returns in Cherokee County, AL Over the Last 10 Years
Over the last decade, Cherokee County, Alabama, has seen a slight decline in the percentage of farm tax returns. Starting from around 6.06% in 2012, this figure dipped to 5.27% by 2021. A farm tax return typically reflects agricultural income, deductions, and expenses, making these percentages a valuable indicator of the county's agricultural economy and land use trends. This trend can provide insights for potential investors, property developers, and residents about the slowly changing agricultural landscape and economic focus in the region.
Number of Mortgages by Occupancy Type in Cherokee County, AL Over the Last 5 Years in Cherokee County
Cherokee County, Alabama has seen fluctuating interest in various property types over the past five years. The number of mortgages for principal residences has generally increased, peaking in 2021 with 1,298 loans, indicating rising local population or homeowner interest. Meanwhile, investment properties have garnered relatively stable yet low numbers, suggesting a potential underutilized market or cautious investor sentiment. Second residences demonstrated a significant spike in 2020, possibly reflecting lifestyle changes or a local housing market anomaly. These shifts matter for investors and builders considering prospects in the area, offering insights on where demand is growing or stable. Real estate agents could tailor their strategies based on this data, while insurance agents and appraisers might assess risk and value more effectively.
Economic Outlook
Cherokee County, Alabama, has witnessed a notable rise in average taxable income, reaching $55,515.03 in 2021—a nearly $14,000 increase since 2013. Such economic growth suggests enhanced job opportunities and financial stability, appealing to potential new residents and current homeowners. Moreover, local state taxes have climbed from $3,758.39 in 2012 to $6,426.47 in 2019, indicating a growing tax burden that could impact cost-of-living considerations. Additionally, the upward trend in... Read more
Average Taxable Income per Tax Return in Cherokee County, AL over the last 9 years
Cherokee County, AL, has seen a steady increase in average taxable income over the last nine years, culminating in an impressive $55,515.03 in 2021. Between 2013 and 2021, residents experienced a nearly $14,000 rise in average income, reflecting economic growth and potentially increased job opportunities. This trend indicates an improving financial landscape, which could be attractive for those considering moving to Cherokee County or current residents looking for economic stability.
Average State and Local Income Taxes Per Tax Return in Cherokee County, AL Over the Last 10 Years
Over the past decade, Cherokee County, AL has seen significant fluctuations in average state and local income taxes per tax return. Starting at $3,758.39 in 2012, there has been a substantial increase, peaking at $6,426.47 in 2019. Such rises highlight the growing tax burden on residents, doubling in under ten years, and this trend can be pivotal for prospective movers considering cost-of-living implications.
Average Total Tax Liability Per Tax Return in Cherokee County, AL Over the Last 10 Years
Over the past decade, Cherokee County, Alabama, has seen a significant rise in average total tax liability per tax return, with an increase from $5,343.46 in 2012 to $7,317.97 in 2021. This upward trend indicates growing financial contributions from residents, highlighting potential economic growth in the area. Such data is crucial for investors and property developers as it reflects increasing income levels and possibly heightened property values, making Cherokee County an interesting prospect for future investments.
Cost of Living in Cherokee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $959 | $1,339 | $1,917 | $764 | $998 |
| 2 adults 3 children | $959 | $1,094 | $1,682 | $764 | $815 |
| 1 adult 4 children | $959 | $1,094 | $1,430 | $764 | $974 |
| 1 adult 3 children | $959 | $893 | $1,194 | $764 | $764 |
| 2 adults 2 children | $759 | $896 | $1,446 | $662 | $739 |
| 2 adults 1 child | $759 | $708 | $1,210 | $331 | $717 |
| 1 adult 2 children | $759 | $669 | $959 | $662 | $610 |
| 1 adult 1 child | $759 | $457 | $723 | $331 | $570 |
| 2 adults | $584 | $569 | $975 | $0 | $639 |
| 1 adult | $574 | $310 | $487 | $0 | $533 |
Safety trends & Data
Cherokee County, Alabama, has experienced significant changes in property crimes over the past five years, impacting real estate dynamics. Larceny-theft saw a sharp reduction from 178.0 incidents in 2019 to 72.0 by 2021. Burglaries and motor vehicle thefts also display an overall downward trend, though less consistently. Interestingly, vandalism has shown minimal fluctuations but a subtle increase recently. These patterns could influence property evaluations, risk assessments, and investment... Read more
Property Crime Trends in Cherokee County, AL Over the Last 5 Years
Cherokee County, Alabama, has seen notable fluctuations in property crimes over the past five years. Larceny-theft, consistently the highest category, peaked at 178.0 incidents in 2019 but saw a substantial decrease to 72.0 by 2021. Burglaries and motor vehicle thefts also show erratic patterns, but the overall trend appears to be a decline in these categories. The sharpest drop was in larceny-theft from 178.0 in 2019 to 74.0 in 2020. Conversely, vandalism incidents fluctuated minimally, with a slight rise in recent years. This dynamic environment offers critical insights for investors, appraisers, and real estate agents assessing property values and potential risks.
Demographics
Cherokee County, Alabama displays a notable female majority within its adult population, and its educational attainment levels suggest a strong focus on high school and some college education, albeit with lower numbers in advanced degrees. The age distribution indicates a comparatively older demographic, with a significant portion of residents falling between 55 to 64 years. There's a pronounced racial homogeneity, as the population predominantly identifies as White, with minimal representation... Read more
Race Distribution in Cherokee County, Alabama (2022)
Educational Attainment in Cherokee County, Alabama (2022)
Age Distribution in Cherokee County, Alabama
Citizen Population in Cherokee County, Alabama (2022)
Political Trends & Data
Cherokee County, Alabama, exhibited a strong Republican preference in the 2020 U.S. Presidential Election, with around 86% of votes leaning towards the GOP. Democratic votes were considerably lower at approximately 13%, indicating a clear partisan alignment that might influence local policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cherokee County, Alabama, saw a significant lean towards Republican preferences in the 2020 U.S. Presidential Election with approximately 86% of the votes. Democratic support was much lower, possibly hovering around 13%, while other parties like the Libertarians and Greens didn't make a noticeable impact. This trend might suggest a deeply entrenched partisan alignment, potentially influencing local and state policy directions.
86.03% of voters voted for the Republican party in the 2020 Presidential Election
13.20% of voters voted for the Democrat party in the 2020 Presidential Election
0.76% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Cherokee County, Alabama, the student-to-teacher ratio has hovered around 17 students per teacher since a significant jump in 2015. This higher-than-average ratio might signal increased demand for educational resources and possible implications for classroom quality. Real estate agents and home buyers should be aware that this could impact the perceived quality of local education, potentially influencing property values. Insurance agents might also consider this data when assessing family... Read more
Student-to-teacher ratio in Cherokee County, Alabama over the last 10 years
Over the last decade, the student-to-teacher ratio in Cherokee County, Alabama has generally stayed above the national average of 14 students per teacher. The ratio spiked significantly in 2015 from 13 to 17, demonstrating a notable increase in class sizes which has broadly persisted, fluctuating slightly but remaining around the 17 mark. For investors or those looking to move to the area, this trend might imply higher demand for educational resources or potential challenges in classroom management. Real estate agents and home buyers should be aware that schools with higher student-to-teacher ratios might impact the perceived quality of local education, which in turn can influence property values. Insurance agents might factor in this information since it can affect family demographics and associated risks in the area.
