Franklin County Real Estate and Livability Trends
Franklin County, Alabama's real estate market has been dynamic, with average home values climbing from $85,600 in 2015 to $121,600 in 2022, outpacing state and national trends. The rise in average taxable income per tax return, from $38,302.11 in 2013 to $49,937.10 in 2021, suggests growing affluence despite increasing tax liabilities. Real estate taxes also jumped from $783.82 in 2012 to... Read more
Franklin County Market Trends
Franklin County, Alabama has seen a significant rise in median home values from $85,600 in 2015 to $121,600 in 2022, contrasting with state and national figures, which increased from $125,500 to $179,400. This increasing value coupled with a jump in the average residential energy tax credit from $254.17 in 2013 to $377.78 in 2021, suggests a market favorable to energy-efficient improvements.... Read more
Median Value of Occupied Housing Units in Franklin County, Alabama Over the Last 8 Years
Franklin County, Alabama has seen its median home values increase from $85,600 in 2015 to $121,600 in 2022, reflecting substantial growth. This trajectory is slightly divergent from the overall trends in Alabama and the United States, where median values over the same period rose from $125,500 to $179,400. For potential investors or residents, Franklin County's more affordable and growing market may offer compelling opportunities compared to broader state and national figures.
Residential Energy Tax Credit Per Tax Return in Franklin County, AL Over the Last 8 Years
Franklin County, Alabama has seen a notable increase in the average residential energy tax credit per tax return over the last eight years. The tax credit rose from $254.17 in 2013 to $377.78 in 2021, peaking significantly in 2019 at $366.67. This upward trend suggests heightened investment in energy-efficient home improvements, which could indicate potential growth in the green energy market and overall property value in the area. Investors and homeowners might find Franklin County appealing due to these benefits and the financial incentives for sustainable living enhancements.
Average Real Estate Taxes Per Tax Return in Franklin County, AL Over the Last 10 Years
The average real estate taxes per tax return in Franklin County, Alabama have shown a notable increase over the past decade. From 2012's average of $783.82 to 2021's $1,739.29, there's a clear upward trend with a significant spike starting in 2018, where taxes nearly doubled to $1,710.71. This suggests rising property values or changes in tax policy, which may impact decisions for investors, potential movers, and property developers considering Franklin County.
Percentage of Farm Returns in Franklin County, AL Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Franklin County, Alabama has shown a notably stable trend, hovering around 6.15% to 6.53%. Farm tax returns indicate the proportion of tax filings from farm-related income, which reflects the region’s agricultural activity. This stability suggests consistent agricultural productivity, making it a reliable location for investors interested in agribusiness. With the farm economy showing little fluctuation, Franklin County offers a predictable environment for both building property and living as part of an agricultural community.
Number of Mortgages by Occupancy Type in Franklin County, AL Over the Last 5 Years in Franklin County
Franklin County, Alabama has seen fluctuations in mortgage activity over the last five years, with principal residences consistently dominating the market. There was a notable peak in 2021, with 942 principal residence mortgages, compared to just 47 for investment properties and 20 for second residences. This trend suggests that the county is primarily attractive to those looking for primary living spaces rather than investment or secondary homes. For investors and real estate agents, this could imply a more stable, family-oriented market less susceptible to rapid investment-driven price changes. Appraisers and insurance agents may find this data useful when considering market stability and risk assessment. For builders, understanding this preference can guide development efforts towards primary residential needs.
Economic Outlook
Franklin County, Alabama has experienced a notable rise in average taxable income per tax return, climbing from $38,302.11 in 2013 to $49,937.10 in 2021. This implies growing affluence and could signal increased demand in the real estate market. However, alongside this income growth, average state and local income taxes have also surged from $3,771.51 in 2012 to $8,574.07 in 2021, reflecting a changing fiscal landscape that may influence household budgets. Additionally, the average total tax... Read more
Average Taxable Income per Tax Return in Franklin County, AL over the last 9 years
Franklin County, AL has seen a steady increase in average taxable income per tax return over the past nine years, rising from $38,302.11 in 2013 to $49,937.10 in 2021. This consistent upward trend indicates a growing affluence in the area, making it an attractive option for those considering relocating. For residents, this reflects economic stability and potential growth in local amenities and services.
Average State and Local Income Taxes Per Tax Return in Franklin County, AL Over the Last 10 Years
Over the last decade, Franklin County, AL residents have seen a noticeable increase in average state and local income taxes per tax return, rising from $3,771.51 in 2012 to $8,574.07 in 2021. This sharp upward trend, with significant jumps particularly in 2018 and 2019, indicates a changing fiscal landscape that can impact household financial planning and affordability for current and prospective residents. The data points to an environment of gradually escalating tax responsibilities, which potential movers should consider when evaluating the overall cost of living in the county.
Average Total Tax Liability Per Tax Return in Franklin County, AL Over the Last 10 Years
Over the last decade in Franklin County, Alabama, the average total tax liability per tax return has generally trended upwards, peaking at $6,728.09 in 2020. Notable increases were seen in 2015 and 2016, with significant jumps again in 2017 and 2020. This steady rise, despite some fluctuations, underlines a potential increase in incomes or property values, making it an important consideration for investors and residents alike.
Cost of Living in Franklin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $901 | $1,239 | $1,917 | $1,373 | $1,136 |
| 1 adult 4 children | $901 | $1,012 | $1,430 | $1,373 | $1,148 |
| 2 adults 3 children | $901 | $1,012 | $1,682 | $1,373 | $931 |
| 1 adult 3 children | $901 | $826 | $1,194 | $1,373 | $936 |
| 2 adults 2 children | $740 | $828 | $1,446 | $1,192 | $854 |
| 1 adult 2 children | $740 | $619 | $959 | $1,192 | $762 |
| 2 adults 1 child | $740 | $655 | $1,210 | $605 | $772 |
| 1 adult 1 child | $740 | $423 | $723 | $605 | $635 |
| 2 adults | $655 | $526 | $975 | $0 | $661 |
| 1 adult | $560 | $287 | $487 | $0 | $540 |
Safety trends & Data
In Franklin County, Alabama, property crime trends over the past five years show notable fluctuations, particularly with burglary arrests peaking at 22 incidents in 2019. Larceny-theft has consistently been the most reported crime, reaching 95 cases in 2019 but dropping to 59 by 2022. Interestingly, forgery and counterfeiting spiked in 2022 with 15 incidents, while fraud saw high levels in 2019 but decreased in subsequent years. These criminal activity trends could be crucial for real estate... Read more
Property Crime Trends in Franklin County, AL Over the Last 5 Years
In Franklin County, Alabama, property crime trends over the last five years reveal notable fluctuations. Burglary arrests peaked dramatically in 2019 with 22 reported incidents but have since seen variances. Larceny-theft consistently remains the most reported crime, peaking at an alarming 95 cases in 2019 although dropping to 59 by 2022. Forgery and counterfeiting saw a sharp increase in 2022 with 15 incidents, substantially higher than previous years. The county also experienced notable levels of fraud in 2019 with 21 cases but lower rates in subsequent years. Understanding these trends is essential for real estate investment, community planning, and assessing property risks in Franklin County.
Demographics
Franklin County, Alabama shows a balanced gender distribution among its adult population, with a slight female majority. When it comes to educational attainment, a significant portion of the community has at least a high school diploma, but there is still a noticeable percentage without a diploma or with less than a 9th grade education. The age distribution skews older, as there's a considerable number of individuals aged 45 to 64. The racial composition is predominantly White, but there is a... Read more
Race Distribution in Franklin County, Alabama (2022)
Educational Attainment in Franklin County, Alabama (2022)
Age Distribution in Franklin County, Alabama
Citizen Population in Franklin County, Alabama (2022)
Political Trends & Data
Franklin County, Alabama, leaned significantly Republican in the 2020 presidential election, with Democrats capturing roughly 16.6% of the vote. The minimal impact of third-party candidates likely underscores a strong local inclination toward conservative policies. This voting pattern may be reflective of larger regional trends in political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Franklin County in Alabama leaned heavily Republican in the 2020 presidential election, possibly reflecting broader regional trends. Democrats garnered about 16.6% of the vote, while third parties barely made a dent. This distribution may indicate a strong preference for conservative policies among local voters.
82.49% of voters voted for the Republican party in the 2020 Presidential Election
16.58% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Other party in the 2020 Presidential Election
School Data
Franklin County, Alabama has seen student-to-teacher ratios peaking at 17.33 in 2015, consistently higher than the national average of 14. This trend suggests larger class sizes, impacting personalized student attention and possibly reflecting on the education system's resource allocation. Investors, real estate agents, and potential residents might find this data essential in gauging property values and the area's appeal to families. Insurance agents and appraisers might consider these factors... Read more
Student-to-teacher ratio in Franklin County, Alabama over the last 10 years
Franklin County, Alabama has experienced fluctuations in its student-to-teacher ratio over the past decade, peaking at 17.33 in 2015 and maintaining a relatively high ratio compared to the national average of 14. This higher ratio might imply larger class sizes, potentially affecting the quality of individualized attention students receive. For potential investors, real estate agents, and those considering moving to the area, these numbers could be indicative of the local education system's capacity and resource allocation, which could influence property values and the desirability of the area for families prioritizing education. Insurance agents and appraisers might see these trends as factors in assessing community risk and valuation, while builders may consider this data when planning new developments that target families.
