Covington County Real Estate and Livability Trends
Covington County, Alabama has experienced an increase in average taxable income per tax return, rising from $44,214.67 in 2013 to $56,762.84 in 2021, which coincides with rising state and local income taxes per return. Median home values have grown from $93,600 in 2015 to $124,300 in 2022, presenting an appealing option for investors seeking affordability with growth potential, even if below... Read more
Covington County Market Trends
Covington County, Alabama has seen moderate increases in median home values, climbing from $93,600 in 2015 to $124,300 in 2022. This growth, while below state ($179,400) and national averages, indicates steady appreciation appealing to investors seeking affordability with growth potential. Interestingly, average residential energy tax credits jumped to $1,725.00 in 2018, suggesting a surge in... Read more
Median Value of Occupied Housing Units in Covington County, Alabama Over the Last 8 Years
Over the last eight years, median home values in Covington County, Alabama have experienced moderate increases, climbing from $93,600 in 2015 to $124,300 in 2022. Comparatively, this growth has been more pronounced in Alabama statewide and nationally; for example, within the same timeframe, the national median value jumped from $125,500 to $179,400. While Covington County's home values remain lower than both the state and national averages, the upward trend suggests a steady appreciation that could appeal to potential investors and buyers looking for growth potential in a more affordable market.
Residential Energy Tax Credit Per Tax Return in Covington County, AL Over the Last 9 Years
Covington County, Alabama has seen an interesting upward trend in average residential energy tax credits per tax return over the past nine years. Notably, from a modest $341.67 in 2013, the average credit peaked sharply at $1,725.00 in 2018. This spike indicates a significant increase in energy-efficient home improvements or solar investments during that year. Although the credit amounts have varied, the figures post-2018 show a stabilizing pattern around the $500 to $600 mark, suggesting sustained but moderated engagement in energy-efficient practices among residents. This trend offers promising insights for potential homeowners and investors interested in the region's commitment to sustainable living and financial incentives for energy efficiency.
Average Real Estate Taxes Per Tax Return in Covington County, AL Over the Last 10 Years
The past decade has shown a significant increase in average real estate taxes per tax return in Covington County, Alabama. What started at approximately $800.88 in 2012 has steadily risen to around $1,759.09 by 2021. Notably, there was a sharp jump between 2017 and 2018, leaping from $937.75 to $1,450.88. For those considering investing, moving, or building in this area, these rising property taxes are an important factor, suggesting a potential increase in property value but also higher annual costs.
Percentage of Farm Returns in Covington County, AL Over the Last 10 Years
The percentage of farm returns in Covington County, Alabama, has generally hovered around 6.0% over the last decade, showing a slight decline from 6.31% in 2014 to 5.68% in 2021. This data is crucial for potential investors, builders, and residents as it reflects the county's agricultural stability and economic health—key factors for those considering investing in or moving to the area.
Number of Mortgages by Occupancy Type in Covington County, AL Over the Last 5 Years in Covington County
Covington County, Alabama has seen varied trends in the number of mortgages by occupancy type over the last five years. Principal residences consistently dominate the mortgage counts, noticeably peaking in 2021 with 1650 mortgages. Investment properties and second residences show more modest numbers, with second residences particularly low, albeit fairly stable. These shifts could signal changing market dynamics, potentially reflecting economic conditions or changing housing demands. Investors, developers, and real estate professionals might find these trends particularly insightful for strategic planning, as they indicate which types of properties are in higher demand. Understanding these changes can also help appraisers and insurance agents better assess property values and risks.
Economic Outlook
Covington County, Alabama has seen a consistent rise in average taxable income per tax return, jumping from $44,214.67 in 2013 to $56,762.84 in 2021, with the most substantial growth between 2020 and 2021. The average state and local income taxes per return nearly doubled from $4,056.52 in 2012 to $9,304.54 in 2021, indicating rising fiscal demands on residents. Moreover, the average total tax liability per return increased from $6,375.34 in 2012 to $8,216.51 in 2021. These trends suggest a... Read more
Average Taxable Income per Tax Return in Covington County, AL over the last 9 years
Covington County, AL has seen a consistent increase in average taxable income per tax return over the past nine years, rising from $44,214.67 in 2013 to $56,762.84 in 2021. Notably, the most substantial growth occurred between 2020 and 2021, reflecting a potential economic uptick or higher individual earnings. This trend underscores a likely improvement in economic conditions, which could appeal to prospective residents eyeing steady income growth while reflecting positively on the local job market and overall economic health for current inhabitants.
Average State and Local Income Taxes Per Tax Return in Covington County, AL Over the Last 10 Years
Over the past decade, Covington County, AL has seen a notable increase in the average state and local income taxes per tax return, nearly doubling from $4,056.52 in 2012 to $9,304.54 in 2021. This significant rise, particularly sharp post-2017, indicates growing fiscal demands on residents, likely influencing cost of living considerations and economic planning for both prospective movers and current inhabitants.
Average Total Tax Liability Per Tax Return in Covington County, AL Over the Last 10 Years
Covington County, Alabama has experienced a steady increase in the average total tax liability per tax return over the last decade. Starting at $6,375.34 in 2012, the liability rose significantly to $8,216.51 by 2021. Notably, there was a pronounced jump in 2017 and 2021. These trends could indicate a growing economic base, potentially increasing property values and living standards, making it an appealing consideration for investors and new residents.
Cost of Living in Covington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $986 | $1,335 | $1,849 | $1,245 | $1,146 |
| 1 adult 4 children | $986 | $1,090 | $1,379 | $1,245 | $1,157 |
| 2 adults 3 children | $986 | $1,091 | $1,622 | $1,245 | $935 |
| 1 adult 3 children | $986 | $890 | $1,152 | $1,245 | $940 |
| 2 adults 2 children | $740 | $893 | $1,395 | $1,080 | $829 |
| 1 adult 2 children | $740 | $667 | $924 | $1,080 | $726 |
| 2 adults 1 child | $740 | $706 | $1,168 | $543 | $756 |
| 1 adult 1 child | $740 | $456 | $697 | $543 | $615 |
| 2 adults | $562 | $567 | $941 | $0 | $627 |
| 1 adult | $558 | $309 | $470 | $0 | $530 |
Safety trends & Data
In Covington County, Alabama, property crime trends, particularly burglary and larceny-theft, suggest higher incidence rates over the past five years, with notable fluctuations. Fraud and vandalism saw significant peaks in 2019 and 2021, while motor vehicle theft has remained relatively stable, averaging around six cases annually. These insights could be crucial for investors, real estate agents, and insurance agents in assessing local risks, as well as for residents and appraisers aiming to... Read more
Property Crime Trends in Covington County, AL Over the Last 5 Years
Over the last five years in Covington County, Alabama, burglary and larceny-theft have generally shown higher incidence rates compared to other property crimes, although there's a noticeable fluctuation in their yearly counts. Fraud and vandalism also present significant figures, especially peaking in 2019 and 2021, respectively. Interestingly, motor vehicle theft has remained relatively stable, with an annual average close to 6 cases. This data could be key for potential investors, real estate agents, and insurance agents to assess the local property risk, while residents and appraisers might find these insights valuable for understanding safety trends and making informed decisions.
Demographics
Covington County, Alabama, shows notable demographic trends in gender and educational attainment. The county has slightly more females than males among its adult population. Educational attainment is mostly concentrated among high school graduates and those with some college experience, with a smaller portion holding advanced degrees. Age distribution indicates a significantly aging population, as the number of residents spikes in the 55 to 64-year range. In terms of racial composition, the... Read more
Race Distribution in Covington County, Alabama (2022)
Educational Attainment in Covington County, Alabama (2022)
Age Distribution in Covington County, Alabama
Citizen Population in Covington County, Alabama (2022)
Political Trends & Data
Covington County, Alabama, showcased a significant tilt towards the Republican Party in the 2020 U.S. Presidential Election, with Republicans receiving nearly 84.00% of the votes, Democrats at 15.60%, and other parties making up a very small fraction. This trend may suggest a strong Republican presence in the area, possibly reflecting broader state-wide political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Covington County, Alabama, showcased a significant tilt towards the Republican party in the 2020 U.S. Presidential Election, with Republicans receiving nearly 84% of the votes. In comparison, Democrats garnered about 15.6% of the votes, and other parties made up a very small fraction of the total. This trend suggests a strong Republican presence in the area, possibly reflecting broader state-wide political inclinations.
83.68% of voters voted for the Republican party in the 2020 Presidential Election
15.61% of voters voted for the Democrat party in the 2020 Presidential Election
0.71% of voters voted for the Other party in the 2020 Presidential Election
School Data
Covington County, Alabama's student-to-teacher ratio has consistently surpassed the national average of fourteen, peaking at around 17 in 2016 and 2017. This trend suggests larger class sizes, potentially challenging individual student attention and educational quality. For prospective residents and investors, these dynamics could impact the attractiveness of the local school system and, consequently, property appeal in the... Read more
Student-to-teacher ratio in Covington County, Alabama over the last 10 years
Covington County, Alabama has shown a sustained student-to-teacher ratio higher than the national average of fourteen over the past decade. Between 2014 and 2023, the ratio peaked at around 17 in 2016 and 2017, while briefly dipping closer to fifteen in 2021. These elevated ratios could imply larger class sizes, potentially affecting individual student attention and quality of education, a significant consideration for prospective residents, investors, and those interested in the local education system. For real estate agents and those marketing properties, these dynamics might influence the appeal of the area's school system.
