Choctaw County Real Estate and Livability Trends
Choctaw County, Alabama's real estate market is heating up, with median home values jumping from $61,100 in 2015 to $101,600 in 2022, suggesting affordable investment opportunities in a growing market. Real estate taxes have surged, possibly due to rising property values or new tax policies. Notably, residential energy tax credits point to a trend toward energy-efficient home improvements, while... Read more
Choctaw County Market Trends
Choctaw County, Alabama has seen median home values rise sharply from $61,100 in 2015 to $101,600 in 2022. While still below state and national medians, this increase highlights potential for affordable investments in a growing market. Real estate taxes have also spiked, from $586.96 in 2012 to $1,078.57 in 2021, possibly due to rising property values or new tax policies. Residential energy tax... Read more
Median Value of Occupied Housing Units in Choctaw County, Alabama Over the Last 8 Years
Choctaw County, Alabama has seen a significant uptick in median home values over the past eight years, jumping from $61,100 in 2015 to $101,600 in 2022. Despite this growth, home values in Choctaw County are still lower than both the Alabama state median, which rose from $125,500 in 2015 to $179,400 in 2022, and the national median, which increased from $125,500 to $179,400 over the same period. This suggests that while the county is experiencing considerable appreciation, it may still offer relatively affordable investment opportunities compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Choctaw County, AL Over the Last 9 Years
Choctaw County, Alabama has seen a significant increase in residential energy tax credits over the past nine years, with the peak hitting $1,400.00 in 2018. This indicates a growing trend in energy-efficient investments, perhaps driven by increased awareness and incentives for sustainable living. A notable dip to $844.44 in 2020 suggests possible impacts from economic shifts, but the rebound to $1,255.56 in 2021 shows resilience. For investors and prospective residents, this pattern highlights a supportive environment for energy-efficient home improvements, which can result in substantial tax benefits.
Average Real Estate Taxes Per Tax Return in Choctaw County, AL Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Choctaw County, Alabama have seen a notable increase, with values ranging from $586.96 in 2012 to $1,078.57 in 2021. The most substantial jump occurred between 2017 and 2018, where taxes rose from $675.90 to $1,050.00. This trend suggests a possible rise in property values or changes in tax policies, potentially impacting both current homeowners and future investors.
Percentage of Farm Returns in Choctaw County, AL Over the Last 10 Years
Over the last decade, Choctaw County, Alabama has seen varied trends in farm tax returns, with percentages hovering around 5.7% in 2012, peaking at 5.93% in 2018, and leveling out at 5.6% in 2021. These figures indicate a relatively stable agricultural sector. Farm tax returns highlight the income generated from agricultural activities, a critical metric for gauging economic health in rural areas. Investors, developers, and potential residents can glean insights into land use and productivity, emphasizing the importance of agriculture in Choctaw County's economy.
Number of Mortgages by Occupancy Type in Choctaw County, AL Over the Last 5 Years in Choctaw County
In Choctaw County, Alabama, a noticeable decline in the number of mortgages for investment properties and principal residences has been observed over the last five years, with investment property loans dropping from 20 in 2020 to 10 in 2022, and principal residences falling from 371 in 2020 to 260 in 2022. The fluctuations in these metrics could influence decisions for those considering investing in the area, as lower mortgage counts for investment properties might hint at changing returns or market saturation. For real estate agents, appraisals, and insurance assessments, understanding these shifts is crucial as they reflect broader market dynamics and potential risk assessments for future developments. Moreover, the stable but low numbers for second residences suggest a limited but persistent interest, potentially indicating niche opportunities.
Economic Outlook
Choctaw County, Alabama has experienced a steady rise in average taxable income per tax return, climbing from $46,433.97 in 2013 to $52,564.29 in 2021. Alongside this, state and local income taxes have surged, nearly doubling from $3,454.81 in 2012 to $7,260.00 in 2021. The average total tax liability has seen ups and downs, peaking at $7,290.71 in 2021 after a notable dip in 2018. These trends point to growing incomes but also increased fiscal pressures, which could have significant... Read more
Average Taxable Income per Tax Return in Choctaw County, AL over the last 9 years
Over the past nine years, Choctaw County, AL has seen a steady rise in average taxable income per tax return, experiencing an increase from $46,433.97 in 2013 to $52,564.29 in 2021. This trend indicates a gradual but consistent improvement in local economic conditions, making the county an increasingly attractive place for residents considering the potential for growing income levels.
Average State and Local Income Taxes Per Tax Return in Choctaw County, AL Over the Last 10 Years
Over the past decade, Choctaw County, AL has seen a significant rise in average state and local income taxes per tax return, jumping from $3,454.81 in 2012 to $7,260.00 in 2021. This trend highlights increasing fiscal demands on residents, which could impact decisions for prospective homeowners and current residents considering their long-term financial planning.
Average Total Tax Liability Per Tax Return in Choctaw County, AL Over the Last 10 Years
Over the past decade, Choctaw County, Alabama has seen fluctuations in its average total tax liability per tax return, starting at $6,136.34 in 2012 and peaking at $7,290.71 in 2021. This rising trend indicates an increase in taxable income or changes in tax policy, potentially impacting investment decisions and cost of living. Notably, after a dip to $5,895.25 in 2018, there's been a significant recovery, illustrating a rebound in the local economy. Such changes are crucial for prospective investors and residents, reflecting both economic health and future financial forecasts.
Cost of Living in Choctaw County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $921 | $1,351 | $1,849 | $1,036 | $1,094 |
| 1 adult 4 children | $921 | $1,103 | $1,379 | $1,036 | $1,092 |
| 2 adults 3 children | $921 | $1,104 | $1,622 | $1,036 | $889 |
| 1 adult 3 children | $921 | $901 | $1,152 | $1,036 | $869 |
| 2 adults 2 children | $740 | $904 | $1,395 | $898 | $809 |
| 1 adult 2 children | $740 | $675 | $924 | $898 | $696 |
| 2 adults 1 child | $740 | $714 | $1,168 | $449 | $754 |
| 1 adult 1 child | $740 | $461 | $697 | $449 | $609 |
| 2 adults | $562 | $574 | $941 | $0 | $643 |
| 1 adult | $560 | $313 | $470 | $0 | $538 |
Safety trends & Data
Choctaw County, Alabama, has experienced fluctuating property crime rates over the past five years, with noticeable increases in burglary and larceny-theft, especially in 2022, which saw 9 and 12 incidents respectively. Motor vehicle theft and vandalism have also slightly risen, while fraud and forgery cases remained steady. These trends may affect investor decisions, necessitating better security measures and potentially influencing insurance... Read more
Property Crime Trends in Choctaw County, AL Over the Last 5 Years
Over the past five years, Choctaw County, Alabama has seen noticeable fluctuations in property crime rates, with recent years showing a noteworthy increase. Burglary and larceny-theft incidents have spiked, especially in 2022, which recorded 9 and 12 events respectively, compared to significantly lower figures in earlier years. Meanwhile, motor vehicle theft and vandalism have also seen a slight uptick, while fraud and forgery cases have remained relatively stable. These trends could have various implications for potential investors and property developers, influencing decisions on security measures and highlighting areas of concern for insurance agents and real estate professionals.
Demographics
Choctaw County, Alabama shows an adult population skewed towards females, comprising approximately 54% of the adults. Educational attainment reveals a significant portion of the adult population, about 27%, lacks a high school diploma, while nearly 7% hold graduate or professional degrees. Age distribution highlights a notable concentration in the 55 to 64 years bracket, indicating a potentially aging population. Racially, the county is predominantly White and Black or African American,... Read more
Race Distribution in Choctaw County, Alabama (2022)
Educational Attainment in Choctaw County, Alabama (2022)
Age Distribution in Choctaw County, Alabama
Citizen Population in Choctaw County, Alabama (2022)
Political Trends & Data
Choctaw County, Alabama, displayed a clear preference for the Republican candidate in the 2020 U.S. Presidential Election, capturing almost 58% of the vote. Democrats, however, managed to secure close to 42%, reflecting a competitive two-party dynamic. Minor parties and independents had minimal impact, pointing to a stronghold of the two major parties in the region. This political landscape suggests a conservative inclination but with a significant Democratic minority, indicating a nuanced... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Choctaw County, Alabama, exhibited a significant preference for the Republican candidate in the 2020 U.S. Presidential Election, with nearly 58% of the vote. Democrats, while trailing, still garnered close to 42%, indicating a competitive two-party environment. Minor parties and independents hardly made a dent, suggesting limited influence beyond the two major parties in this area. These trends could imply that Choctaw County leans conservative, albeit with a notable Democratic presence.
57.56% of voters voted for the Republican party in the 2020 Presidential Election
41.89% of voters voted for the Democrat party in the 2020 Presidential Election
0.55% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Choctaw County, Alabama's student-to-teacher ratio has fluctuated, peaking at 18 in 2018 and 2020, with a low of 13.42 in 2014. Recent ratios hover around 16, slightly above the national average of 14, indicating potential for investment in educational infrastructure to attract new families. These variations could influence property values and community appeal, making it essential for appraisers and insurance agents to consider these trends in their... Read more
Student-to-teacher ratio in Choctaw County, Alabama over the last 10 years
Over the last decade, Choctaw County, Alabama's student-to-teacher ratio has fluctuated, peaking at 18 in 2018 and 2020, with the lowest point in 2014 at 13.42. These variations are crucial for those considering investment or residency in the area, as a higher ratio might hint at overburdened educational resources, potentially reflecting on property values and community appeal. Notably, Choctaw's recent ratios hover around 16, marginally exceeding the national average of 14, which might indicate room for investments in educational infrastructure to attract new families. Appraisers and insurance agents should also note these trends, as they could influence risk assessments and property evaluations.
