Escambia County Real Estate and Livability Trends
In Escambia County, Alabama, median home values have climbed from $93,800 in 2015 to $122,000 in 2022, presenting an affordable option relative to broader averages. Real estate taxes have notably increased, doubling from $960.62 in 2012 to about $2,002.70 by 2020, likely due to improved property values or taxation policies. Mortgage data points to a strong focus on principal residences, with a... Read more
Escambia County Market Trends
Escambia County, Alabama, has seen a notable rise in median home values from $93,800 in 2015 to $122,000 in 2022, offering a more affordable yet promising alternative compared to state and national averages. Energy tax credits have fluctuated, peaking dramatically in 2018, then stabilizing around $959.38 in 2021, highlighting evolving energy policies. Real estate taxes have also increased... Read more
Median Value of Occupied Housing Units in Escambia County, Alabama Over the Last 8 Years
Escambia County, Alabama, has experienced a steady increase in median home values over the last eight years, with a substantial rise from $93,800 in 2015 to $122,000 in 2022. This uptick suggests a burgeoning interest in the area, which might be appealing for investors and homebuyers seeking growth potential. While Escambia's median value remains below Alabama's $179,400 and the national $179,400 averages for 2022, the consistent growth trend could position the county as a more affordable yet promising alternative for property investments.
Residential Energy Tax Credit Per Tax Return in Escambia County, AL Over the Last 9 Years
Escambia County, Alabama has seen significant fluctuations in residential energy tax credits per tax return over the last nine years. Notably, there was a dramatic spike in 2018 with an average credit reaching $1,428.57, followed by a dip and then another rise to $959.38 in 2021. Such variability underscores the evolving incentives and energy policies impacting homeowners, making it a pivotal consideration for prospective buyers and investors evaluating long-term energy savings and property value.
Average Real Estate Taxes Per Tax Return in Escambia County, AL Over the Last 10 Years
Escambia County, Alabama has shown a significant increase in real estate taxes per tax return over the past decade. In 2012, the average tax was around $960.62, gradually climbing but with notable spikes, especially in recent years—topping out at approximately $2,002.70 in 2020. This upward trend reflects rising property values or increased taxation efforts, significantly impacting decisions for investors and prospective homeowners considering the area.
Percentage of Farm Returns in Escambia County, AL Over the Last 10 Years
Over the last decade, farm tax returns in Escambia County, Alabama have shown a slight fluctuation around a small steady average, peaking at approximately 3.11% in 2017 and reaching a low of 2.55% in 2020. The general trend exhibits minimal variation, indicating stable agricultural activity without significant growth or decline. This stability may be appealing for investors and residents looking for a consistent agricultural sector, suggesting a resilient farming community despite broader economic changes.
Number of Mortgages by Occupancy Type in Escambia County, AL Over the Last 5 Years in Escambia County
The mortgage data for Escambia County, Alabama, highlights a consistent preference for principal residences over the last five years, with values peaking in 2021 at 1,504. Notably, investment property mortgages show a declining trend from 56 in 2019 to 28 in 2022. Meanwhile, the number of second residence mortgages has remained relatively steady, fluctuating slightly between 18 and 23. These shifts could impact investment strategies, as the drop in investment property mortgages might suggest changing market dynamics or investor sentiment. For appraisers and insurance agents, understanding these trends helps in accurately assessing property values and risks associated with various occupancy types.
Economic Outlook
Over the last nine years in Escambia County, Alabama, the average taxable income per tax return has risen steadily from $43,355.61 in 2013 to $51,433.29 in 2021, notably breaking the $46,000 mark in 2018 and accelerating further by 2021. Meanwhile, average state and local income taxes per tax return surged from $3,518.30 in 2012 to $7,060.98 in 2021, with a significant jump between 2017 and 2018. Despite some fluctuations, the average total tax liability also trended upward, peaking at... Read more
Average Taxable Income per Tax Return in Escambia County, AL over the last 9 years
Over the last nine years in Escambia County, AL, the average taxable income per tax return has experienced a steady increase, rising from $43,355.61 in 2013 to $51,433.29 in 2021. Particularly notable is the jump in 2018, when the figure started breaking through the $46,000 threshold, and the acceleration in 2021, marking the highest point in the observed period. This upward trend signifies positive economic growth, reflecting a potential increase in prosperity for residents and an improving job market, which can be attractive for those considering relocating to or currently living in the county.
Average State and Local Income Taxes Per Tax Return in Escambia County, AL Over the Last 10 Years
Over the last decade, Escambia County, AL has seen a significant increase in average state and local income taxes per tax return, starting at $3,518.30 in 2012 and rising sharply to $7,060.98 by 2021. Notably, there was a marked jump between 2017 and 2018, with taxes increasing by over $1,700. This persistent upward trend could be a crucial factor for potential movers to consider, as escalating tax liabilities could impact overall living expenses.
Average Total Tax Liability Per Tax Return in Escambia County, AL Over the Last 10 Years
In Escambia County, Alabama, the average total tax liability per tax return has seen fluctuations over the past decade, peaking at $6,984.21 in 2021. This variable trend reflects both economic changes and policy impacts, making it crucial for potential investors and residents to consider. While there were downturns, such as in 2019 when the liability dropped to $5,985.70, recent increases highlight a robust fiscal environment, suggesting stability and potential growth for those looking to build or move into the area.
Cost of Living in Escambia County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $946 | $1,339 | $1,849 | $1,283 | $1,134 |
| 1 adult 4 children | $946 | $1,094 | $1,379 | $1,283 | $1,142 |
| 2 adults 3 children | $946 | $1,094 | $1,622 | $1,283 | $925 |
| 1 adult 3 children | $946 | $893 | $1,152 | $1,283 | $925 |
| 2 adults 2 children | $740 | $896 | $1,395 | $1,112 | $831 |
| 1 adult 2 children | $740 | $669 | $924 | $1,112 | $729 |
| 2 adults 1 child | $740 | $708 | $1,168 | $556 | $754 |
| 1 adult 1 child | $740 | $457 | $697 | $556 | $613 |
| 2 adults | $606 | $569 | $941 | $0 | $636 |
| 1 adult | $560 | $310 | $470 | $0 | $526 |
Safety trends & Data
In Escambia County, Alabama, property crimes have seen notable fluctuations, with larceny-theft peaking at 92 incidents in 2018, then dropping significantly to 22 in 2021 before rising slightly to 65 in 2022. Burglary rates have stabilized at around 4-5 incidents annually since 2020. Motor vehicle thefts stayed low but rose slightly in 2022, and while fraud saw a spike at 32 cases in 2018, it varied between 1-14 cases thereafter. Vandalism showed similar variability, reaching 20 cases in 2019... Read more
Property Crime Trends in Escambia County, AL Over the Last 5 Years
In Escambia County, Alabama, property crimes have experienced fluctuations over the past five years, with a noticeable peak in larceny-theft cases in 2018 at a total of 92 incidents, which then declined substantially to a low of 22 in 2021 before slightly rebounding to 65 in 2022. Burglary cases dropped from 2018's 10 incidents to consistently lower rates in subsequent years, stabilizing around 4-5 incidents annually from 2020 to 2022. Motor vehicle thefts remained relatively low throughout the period, with a minor increase in 2022. Fraud and vandalism incidents also showed variability; fraud spiked at 32 cases in 2018 but otherwise fluctuated between 1 and 14 cases, while vandalism cases oscillated, peaking at 20 in 2019 and falling as low as 5 in some years. For those looking to invest, move, or engage in economic activities in Escambia County, understanding these crime trends can be crucial in making informed decisions.
Demographics
Escambia County, Alabama's demographic data highlights a near-balanced gender ratio and a population that leans heavily on high school level education with a modest presence of higher education degrees. The age distribution skews towards middle-aged adults, suggesting potential workforce stability, but also a notable elderly population that might impact healthcare resources. Racial diversity is present, but the county's population is predominantly White, with significant Black or African... Read more
Race Distribution in Escambia County, Alabama (2022)
Educational Attainment in Escambia County, Alabama (2022)
Age Distribution in Escambia County, Alabama
Citizen Population in Escambia County, Alabama (2022)
Political Trends & Data
In Escambia County, Alabama, the 2020 Presidential Election results showed roughly 68% of the vote going to the Republican candidate, while the Democrat received about 31%. Third-party candidates garnered less than 1%, highlighting a pronounced Republican preference. This could indicate broader regional ideological tendencies, and might subtly influence local real estate market dynamics, especially if you consider buyer preferences and political leanings in purchasing... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Escambia County, Alabama, the 2020 U.S. Presidential Election results indicate that a significant majority of votes tended to favor the Republican candidate, with approximately 68% of the vote. The Democratic candidate garnered around 31%, leaving little room for other parties, which collectively received less than 1%. This distribution suggests a strong Republican leaning in the county, potentially reflecting broader regional trends in political alignment.
68.32% of voters voted for the Republican party in the 2020 Presidential Election
30.91% of voters voted for the Democrat party in the 2020 Presidential Election
0.77% of voters voted for the Other party in the 2020 Presidential Election
School Data
Escambia County, Alabama, has seen student-to-teacher ratios rise from about 15 in 2014 to nearly 19 in 2022, before a slight dip in 2023. With a current ratio higher than the U.S. national average of 14, this trend might impact local educational quality and teacher workload. For real estate stakeholders, these figures could signal potential influences on property values, as stronger school metrics often enhance property appeal. Insurance agents might also find these trends indicative of... Read more
Student-to-teacher ratio in Escambia County, Alabama over the last 10 years
Over the past decade, Escambia County, Alabama, has seen fluctuating student-to-teacher ratios with a general trend towards higher numbers. From a ratio of around 15 in 2014, it peaked at nearly 19 in 2022 before slightly declining in 2023. This is consistently higher compared to the current U.S. national average of 14, which might indicate larger class sizes. Those considering investments, relocations, or appraisals in the county may find these trends significant as they could impact educational quality, teacher workload, and possibly real estate values, given that better school metrics often boost property attractiveness. For insurance agents, these changes might reflect broader community shifts, suggesting perhaps a growth in student populations or resource allocation issues.
