Elmore County Real Estate and Livability Trends
Elmore County, Alabama has experienced a notable rise in average taxable income, jumping from $51,713.57 in 2013 to $69,722.57 in 2021, pointing to potential economic growth. The median home values in the area moved up from $147,500 in 2015 to $200,400 in 2022, indicating robust demand or development that might entice investors. However, the spike in state and local income taxes, more than... Read more
Elmore County Market Trends
Elmore County, Alabama's median home values have risen steadily from $147,500 in 2015 to $200,400 in 2022, surpassing both state and national averages in recent years. This growth trajectory suggests stronger demand or significant development, making the area attractive to investors and potential movers. Residential energy tax credits peaking at $1,950 in 2018 and stabilizing around $1,300 hint... Read more
Median Value of Occupied Housing Units in Elmore County, Alabama Over the Last 8 Years
Elmore County, Alabama has seen a pretty steady rise in median home values over the past eight years, from $147,500 in 2015 to $200,400 in 2022. Compared to both Alabama and the national averages, Elmore County's growth trajectory appears fairly consistent but slightly higher in recent years. This upward trend could suggest stronger demand or significant development in the area, making it an interesting target for potential investors or those considering moving. It might also reflect a general positive economic outlook and increasing property values, creating potential opportunities for property owners and builders.
Residential Energy Tax Credit Per Tax Return in Elmore County, AL Over the Last 9 Years
Over the past nine years, Elmore County, Alabama has seen significant fluctuations in residential energy tax credits per tax return, with substantial spikes in 2017 ($1043.90) and an all-time high in 2018 ($1950.00). Recent years have shown more stability, averaging around $1300, indicative of sustained investments in energy-efficient home upgrades. This suggests favorable conditions for environmentally conscious investors and homeowners seeking to capitalize on energy-saving initiatives in the region.
Average Real Estate Taxes Per Tax Return in Elmore County, AL Over the Last 10 Years
Real estate taxes in Elmore County, Alabama have shown a noticeable upward trend over the past decade. From 2012 to 2017, average tax per return increased gradually from approximately $801.35 to $900.86, but saw a significant jump to $1,300.43 in 2018. Since then, taxes have continued to rise, reaching a peak of about $1,388.94 in 2020 before slightly decreasing to $1,373.33 in 2021. This data may suggest growing property values or adjustments in tax rates, impacting decisions for potential property investors and residents alike.
Percentage of Farm Returns in Elmore County, AL Over the Last 10 Years
Over the last decade, Elmore County, Alabama has seen a slight decline in the percentage of farm tax returns, indicating a potential shift in agricultural activity or economic focus. In 2012, farm returns were at 1.88%, but dipped to their lowest at 1.61% in 2020 before a small recovery to 1.69% in 2021. For investors or potential new residents, this trend may suggest opportunities in rural real estate or highlight a need for diversification in local business ventures. Farm tax returns are a measure of income from farming that’s reported for tax purposes, reflecting the economic health and viability of agriculture in the area.
Number of Mortgages by Occupancy Type in Elmore County, AL Over the Last 5 Years in Elmore County
The data shows a noticeable trend of fluctuating mortgage counts for different occupancy types in Elmore County, Alabama over the past five years. Principal Residences dominate the market, with a peak in 2021 at 6,432 mortgages, while Investment Properties and Second Residences have consistently lower counts, peaking at 202 and 439 respectively. This shift could indicate changing buyer priorities or economic factors affecting housing demand. For investors and real estate agents, understanding these dynamics is crucial as they suggest varying levels of market stability and potential profitability. These trends also matter for appraisers and insurance agents who need to account for property types and associated risks in their assessments.
Economic Outlook
Elmore County, Alabama has witnessed a significant rise in average taxable income per tax return, jumping from $51,713.57 in 2013 to $69,722.57 in 2021, hinting at potential economic growth and better job opportunities. Meanwhile, average state and local income taxes saw a dramatic increase, more than doubling from $3,722.24 in 2012 to $8,255.50 in 2021, affecting household budgets and cost of living. The average total tax liability also rose, peaking at $10,109.88 in 2021, suggesting growing... Read more
Average Taxable Income per Tax Return in Elmore County, AL over the last 9 years
Elmore County, AL has seen a significant upward trajectory in average taxable income per tax return over the past nine years, rising from $51,713.57 in 2013 to $69,722.57 in 2021. This steady increase reflects economic growth and potentially more lucrative employment opportunities within the county. Prospective residents might find this trend encouraging as it suggests a robust local economy that could offer stability and financial opportunities.
Average State and Local Income Taxes Per Tax Return in Elmore County, AL Over the Last 10 Years
Over the past decade, Elmore County, AL has seen a dramatic increase in average state and local income taxes per tax return, more than doubling from approximately $3,722.24 in 2012 to $8,255.50 in 2021. This escalation underscores a significant shift in the county's financial landscape, potentially impacting household budgets and cost-of-living considerations for current and prospective residents. The steep rise particularly between 2016 and 2021 highlights a period of sharp fiscal adjustment.
Average Total Tax Liability Per Tax Return in Elmore County, AL Over the Last 10 Years
Elmore County, Alabama has seen a notable rise in average total tax liability per tax return over the past decade, peaking at $10,109.88 in 2021. This trend indicates a gradual increase with a significant jump between 2020 and 2021, suggesting growing economic activity and potentially higher incomes in the area. Investors and potential residents should consider the implications of this upward trend on property values and cost of living, which may signify a strengthening local economy.
Cost of Living in Elmore County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,211 | $1,520 | $2,005 | $1,163 | $1,368 |
| 1 adult 4 children | $1,211 | $1,241 | $1,495 | $1,163 | $1,407 |
| 2 adults 3 children | $1,211 | $1,242 | $1,759 | $1,163 | $1,142 |
| 1 adult 3 children | $1,211 | $1,014 | $1,249 | $1,163 | $1,165 |
| 2 adults 2 children | $953 | $1,017 | $1,512 | $1,012 | $981 |
| 1 adult 2 children | $953 | $759 | $1,003 | $1,012 | $899 |
| 2 adults 1 child | $953 | $803 | $1,266 | $520 | $902 |
| 1 adult 1 child | $953 | $519 | $756 | $520 | $721 |
| 2 adults | $797 | $645 | $1,020 | $0 | $755 |
| 1 adult | $699 | $352 | $510 | $0 | $596 |
Safety trends & Data
Elmore County, Alabama, has seen notable fluctuations in property crime over the past five years, with larceny-theft peaking in 2019 at 390 arrests before dropping significantly in 2021 and rising again in 2022. Burglary and fraud incidents have also shown inconsistency, with spikes and drops across different years. With these shifting patterns, investors and insurance agents may want to closely monitor these trends to better assess risk and security measures in the... Read more
Property Crime Trends in Elmore County, AL Over the Last 5 Years
Elmore County, Alabama, has shown notable fluctuations in property crime over the past five years. There's been a significant peak in larceny-theft incidents in 2019, reaching 390 arrests, before dipping to a low of 69 in 2021 and rising again to 268 in 2022. Burglary rates have been inconsistent, peaking at 46 arrests in 2019, dropping to 7 in 2020, and then rising to 29 by 2022. Fraud arrests spiked in 2019 with 57 incidents, followed by a decrease, but saw an uptick again in 2022 with 35 cases. Patterns in arson, motor vehicle theft, vandalism, and embezzlement show less dramatic but still notable variability. This dynamic landscape may interest investors, insurance agents, and potential residents in understanding both risks and security trends in the county.
Demographics
In Elmore County, Alabama, the demographic breakdown reveals almost equal distribution between males and females within the adult population. Educational attainment trends show a significant concentration of individuals who have completed high school or attended some college, while fewer have pursued graduate degrees. The age distribution highlights a diverse age range with substantial representation across multiple age groups, but the 25 to 34 years and 55 to 64 years brackets have slightly... Read more
Race Distribution in Elmore County, Alabama (2022)
Educational Attainment in Elmore County, Alabama (2022)
Age Distribution in Elmore County, Alabama
Citizen Population in Elmore County, Alabama (2022)
Political Trends & Data
In Elmore County, Alabama, the 2020 U.S. Presidential Election revealed a strong Republican preference, with approximately 73.5% of the votes leaning towards conservative candidates. Democrats secured about 25.3%, reflecting a predominantly right-leaning voter base. Minor parties and independents had a minimal impact, collectively capturing just over 1% of the vote. This trend suggests that the county's policies and cultural attitudes may align closely with traditional conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Elmore County, Alabama, the 2020 U.S. Presidential Election saw a significant lean towards Republican candidates, capturing approximately 73.5% of the votes. In contrast, Democrats garnered about 25.3%, suggesting a strong preference for conservative policies among voters in this region. Minor parties and independents had minimal impact, collectively securing just over 1% of the vote. This trend hints at a predominantly traditional and right-leaning political landscape here.
73.52% of voters voted for the Republican party in the 2020 Presidential Election
25.27% 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 Elmore County, Alabama, the student-to-teacher ratio has consistently exceeded the national average of fourteen, peaking significantly at nearly twenty-five in 2022. This situation might affect property values and could be a crucial factor for families, real estate agents, and investors evaluating the area's educational environment. Builders and developers might see opportunities in projects that cater to families seeking better educational... Read more
Student-to-teacher ratio in Elmore County, Alabama over the last 10 years
Over the past decade, the student-to-teacher ratio in Elmore County, Alabama, has consistently exceeded the national average of fourteen, peaking significantly in 2022 at nearly twenty-five. This elevated ratio could imply larger class sizes, which might affect the quality of education and individualized attention students receive. For potential investors, real estate agents, and families considering a move to the area, these numbers might suggest the need to weigh the educational environment carefully. Higher ratios could also impact property values, as well as decisions by appraisers and insurance agents who may need to consider the quality of local schools. Builders and developers might see opportunities for projects that address educational needs or cater to families seeking better student-to-teacher ratios.
