Colbert County Real Estate and Livability Trends
Colbert County, Alabama has seen a notable rise in median home values from $99,400 in 2015 to $148,500 in 2022, reflecting potential for property appreciation. While real estate taxes doubled from $862.63 in 2012 to $1,920.88 by 2021, indicating possible shifts in property values or tax policies, a spike in residential energy tax credits to $1,550.00 in 2018 suggests heightened focus on... Read more
Colbert County Market Trends
In Colbert County, Alabama, median home values have notably risen from $99,400 in 2015 to $148,500 in 2022, suggesting potential for appreciation, especially relative to national and state averages. Real estate taxes doubled in the past decade from $862.63 in 2012 to $1,920.88 by 2021, which might reflect shifts in property values or tax policies. A significant jump in residential energy tax... Read more
Median Value of Occupied Housing Units in Colbert County, Alabama Over the Last 8 Years
In the past eight years, Colbert County, Alabama has seen a steady increase in median home values from $99,400 in 2015 to $148,500 in 2022. This growth might seem promising for local homeowners and potential investors, especially when compared to the national and Alabama state trends, where median values have also increased but tend to be higher overall. For example, in 2022, the median value in the United States was $179,400, and in Alabama, it was the same, indicating that Colbert County could offer more affordable housing options while still showing significant appreciation.
Residential Energy Tax Credit Per Tax Return in Colbert County, AL Over the Last 9 Years
Over the past nine years, Colbert County, Alabama, has seen significant fluctuations in the average residential energy tax credit per tax return. The value soared notably in 2018 to $1,550.00, starkly outpacing previous years. While there appears to be a general upward trend from 2016 onward, the sharp increase in 2018 points to possible policy changes or increased adoption of energy-efficient upgrades. This variability in tax credits suggests a dynamically evolving market that could impact investment decisions and property values, making it an important factor for potential buyers and current residents to consider.
Average Real Estate Taxes Per Tax Return in Colbert County, AL Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Colbert County, Alabama have seen a notable upward trend. From $862.63 in 2012, they increased steadily to $1,920.88 by 2021, with a significant spike around 2018. This sharp rise points to potential shifts in property values or changes in tax policies, making it crucial for investors and potential homeowners to closely monitor these dynamics. The doubling of taxes within ten years signals evolving economic conditions, possibly reflecting broader market trends or localized developments in the region.
Percentage of Farm Returns in Colbert County, AL Over the Last 10 Years
Over the last decade in Colbert County, Alabama, the percentage of farm tax returns has seen a steady decline from 3.03% in 2012 to 2.43% in 2021, with the lowest point at 2.38% in 2020. This trend indicates a shrinking focus on farming within the local economy, which could impact land use and property development. For investors or potential residents, these changes highlight a shift that may influence the viability of agricultural investments and the character of rural communities in the county. Understanding the nuances of these farm tax returns is crucial as they reflect the economic health and priorities of the region's agricultural sector.
Number of Mortgages by Occupancy Type in Colbert County, AL Over the Last 5 Years in Colbert County
Colbert County, Alabama has largely seen fluctuations in its mortgage counts across different occupancy types over the last five years. Principal residences show the highest numbers, with a notable spike in 2021, possibly suggesting increased housing demand or favorable mortgage conditions that year. Investment properties and second residences displayed relatively stable yet lower figures. Changes in occupancy type matter because they can indicate shifts in the housing market dynamics, such as rising or falling homeowner investments, which is crucial for investors, real estate agents, and policy makers to anticipate market trends and adjust strategies for property development and transactions.
Economic Outlook
Colbert County, Alabama has experienced a sustained rise in average taxable income per tax return, climbing from $47,185.45 in 2013 to $65,553.38 in 2021. This growth might indicate economic development and a better standard of living, appealing to those seeking financial opportunities. However, state and local income taxes have surged, jumping from $4,153.33 in 2012 to $10,585.39 in 2021, significantly rising between 2017 and 2018. Alongside, total tax liability per tax return has seen a... Read more
Average Taxable Income per Tax Return in Colbert County, AL over the last 9 years
Colbert County, AL has seen a notable increase in average taxable income per tax return over the past nine years, rising from $47,185.45 in 2013 to $65,553.38 in 2021. This upward trend in income suggests economic growth and a potentially higher standard of living for residents, making it an attractive area for prospective movers seeking financial opportunities.
Average State and Local Income Taxes Per Tax Return in Colbert County, AL Over the Last 10 Years
State and local income taxes per tax return in Colbert County, AL have seen a significant upward trend over the last decade. Starting at $4,153.33 in 2012, the average tax return amount has jumped dramatically, reaching $10,585.39 by 2021. Notably, there was a sharp rise between 2017 and 2018, where taxes increased from $4,944.90 to $7,379.81, continuing to escalate in the following years. This trend highlights an increasing tax burden on residents, potentially impacting household financial planning and overall cost of living for both current and prospective community members.
Average Total Tax Liability Per Tax Return in Colbert County, AL Over the Last 10 Years
Over the last decade, Colbert County, Alabama has seen a substantial rise in average total tax liability per tax return, especially marked in 2021 where it reached $10,067.67. Even though there were fluctuations, the trend generally moved upward from $7,142.05 in 2013 to $10,067.67 in 2021. This consistent increase signals a potentially stronger local economy but also indicates higher costs that future homeowners, investors, and current residents need to consider.
Cost of Living in Colbert County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,054 | $1,524 | $1,911 | $1,358 | $1,302 |
| 1 adult 4 children | $1,054 | $1,245 | $1,425 | $1,358 | $1,338 |
| 2 adults 3 children | $1,054 | $1,245 | $1,676 | $1,358 | $1,082 |
| 1 adult 3 children | $1,054 | $1,017 | $1,190 | $1,358 | $1,103 |
| 2 adults 2 children | $855 | $1,019 | $1,441 | $1,183 | $952 |
| 1 adult 2 children | $855 | $761 | $955 | $1,183 | $846 |
| 2 adults 1 child | $855 | $806 | $1,207 | $613 | $843 |
| 1 adult 1 child | $855 | $520 | $721 | $613 | $684 |
| 2 adults | $650 | $647 | $972 | $0 | $678 |
| 1 adult | $605 | $353 | $486 | $0 | $544 |
Safety trends & Data
Colbert County, Alabama, has experienced notable fluctuations in property crimes over the past five years. Larceny-theft peaked at 311.00 incidents in 2019 before dropping sharply, while arson and motor vehicle theft remained relatively low but consistent. A curious drop in all types of property crimes in 2021 might be linked to broader socio-economic factors, which could potentially impact property values, insurance premiums, and the county's attractiveness to new residents and... Read more
Property Crime Trends in Colbert County, AL Over the Last 5 Years
Colbert County, Alabama has seen notable fluctuations in property crimes over the last five years, suggesting a trend that potential investors and real estate agents should keep an eye on. Larceny-theft consistently shows the highest numbers, peaking at 311.0 incidents in 2019 before dropping sharply in subsequent years. Arson and motor vehicle theft appear relatively low but consistent, with minor increases and decreases over the years. There's a curious drop in all types of property crimes in 2021, likely influenced by broader socio-economic factors. This downward trend in crime could influence property values, insurance premiums, and the attractiveness of the county to new residents and businesses.
Demographics
Colbert County, Alabama, has a fairly equal split in adult gender demographics, with females slightly outnumbering males. Educational attainment shows a large portion of residents holding at least a high school diploma, though higher education degrees are less common. The age distribution suggests a significant portion of the population is middle-aged to older adults, with those over 55 making up a substantial segment. Racial demographics are predominantly White, with Black or African American... Read more
Race Distribution in Colbert County, Alabama (2022)
Educational Attainment in Colbert County, Alabama (2022)
Age Distribution in Colbert County, Alabama
Citizen Population in Colbert County, Alabama (2022)
Political Trends & Data
Colbert County, Alabama, displayed a solid Republican preference in the 2020 U.S. Presidential Election, with about 69% of votes going to the GOP. Democrats received around 30%, and minor parties/independents captured a little over 1%. This conservative majority mirrors the broader political tendencies of many Southern counties, potentially steering community and policy discussions in a right-leaning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Colbert County, Alabama, the 2020 U.S. Presidential Election saw a strong leaning towards the Republican Party, capturing around 69% of the vote. Democrats trailed significantly, garnering roughly 30%, while minor parties and independents made up just over 1%. This pattern suggests a predominantly conservative voter base in this region, highlighting its alignment with broader trends seen in many Southern counties.
68.86% of voters voted for the Republican party in the 2020 Presidential Election
29.92% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Colbert County, Alabama, the student-to-teacher ratio has trended higher than the national average for the past decade, climbing from around fifteen students per teacher in 2014 to about seventeen in 2022. This increasing ratio could signal more crowded classrooms, which might be a factor for families considering moving to the area. For real estate agents and investors, these figures are crucial as they influence neighborhood desirability and property values. Higher ratios may also impact... Read more
Student-to-teacher ratio in Colbert County, Alabama over the last 10 years
Over the past decade, Colbert County, Alabama has consistently seen a student-to-teacher ratio higher than the national average of fourteen. Beginning at approximately fifteen students per teacher in 2014, this ratio increased steadily, peaking at about seventeen in 2022. These figures suggest that classrooms could be more crowded compared to other areas, potentially impacting the quality of education. This trend might matter to families considering moving to the area, as well as to real estate agents and investors who often gauge the appeal of local school systems. Higher student-to-teacher ratios might also influence property appraisals and insurance rates, as education quality can be a determinant in neighborhood desirability and market stability.
