Geneva County Real Estate and Livability Trends
Geneva County, Alabama's real estate market sees median home values climbing from $77,400 in 2015 to $120,700 in 2022, making it more affordable than both state and national medians. Property taxes have been all over the place, peaking at $1,576.19 in 2019, possibly due to changes in property values or local tax laws. There's also a notable drop in investment property mortgages, suggesting less... Read more
Geneva County Market Trends
Geneva County, Alabama's real estate market exhibits some intriguing trends. Median home values have risen substantially over the past eight years, growing from $77,400 in 2015 to $120,700 in 2022, yet still remaining more affordable than state and national medians. Residential Energy Tax Credits per tax return peaked at $560.00 in 2017, pointing to a strong local push towards energy-efficient... Read more
Median Value of Occupied Housing Units in Geneva County, Alabama Over the Last 8 Years
Over the last 8 years, the median home values in Geneva County, Alabama have seen steady growth, rising from $77,400 in 2015 to $120,700 in 2022. This increase, while significant within the county, still positions Geneva County homes as more affordable compared to the state median and national median values, which reached $179,400 in 2022. For potential investors or those considering relocating, this trend suggests a growing market with potential for appreciation while remaining relatively budget-friendly.
Residential Energy Tax Credit Per Tax Return in Geneva County, AL Over the Last 8 Years
Geneva County, Alabama has seen notable fluctuations in its Residential Energy Tax Credit per tax return over the last eight years. Starting at $317.65 in 2013, the credit peaked at $560.00 in 2017, reflecting growing incentives for energy-efficient homes. This trend indicates a forward-thinking stance on sustainable living, making the area increasingly attractive to environmentally-conscious homeowners and investors. Recent years show a more stable value, with 2021 averaging $442.86, suggesting consistent policy support for energy efficiency. These financial incentives could be a significant factor for those considering building or buying property in this region.
Average Real Estate Taxes Per Tax Return in Geneva County, AL Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Geneva County, Alabama have experienced notable fluctuations. Starting at $738.46 in 2012, there was a modest but steady increase until 2017, reaching $936.84. However, from 2018 onwards, taxes spiked significantly, peaking at $1,576.19 in 2019 before slightly declining to $1,290.48 in 2021. This volatility could signal changing property values or shifts in the local tax policies, making it crucial for potential investors or residents to stay informed.
Percentage of Farm Returns in Geneva County, AL Over the Last 10 Years
Over the past decade, Geneva County, Alabama has experienced a fluctuation in the percentage of farm tax returns, peaking at 8.17% in 2013 and reaching a low of 6.35% in 2020. Farm tax returns represent the portion of tax filings that are specifically from farming activities, providing a clear indicator of the agricultural sector's health and economic contribution. For potential investors, these trends highlight both the resilience and vulnerabilities in the local farming industry. Recognizing these shifts can be crucial for making informed decisions about agricultural investments, property development, and broader economic planning within Geneva County.
Number of Mortgages by Occupancy Type in Geneva County, AL Over the Last 5 Years in Geneva County
Geneva County, Alabama, has shown a consistent emphasis on principal residences in mortgage counts over the past five years, with peaks in 2020 and 2021 indicating potential growth or shifts in the housing market. Interestingly, investment properties have seen a slight decline, which might suggest a cooling interest from investors, as figures dropped from 83 in 2019 to 54 in 2022. For second residences, the numbers have remained relatively flat, fluctuating minimally. These trends are critical for investors and real estate agents to understand market dynamics, for appraisers to set accurate property values, and for insurance agents to assess risk profiles. The change in occupancy type could hint at demographic shifts or economic factors influencing homeownership patterns.
Economic Outlook
In Geneva County, Alabama, the average taxable income per tax return has risen from $38,466.93 in 2013 to $49,328.08 in 2021, reflecting a positive financial trend that might attract new residents and businesses. However, the average state and local income taxes per tax return have also increased, peaking at $6,465.00 in 2021, indicating a higher tax burden for residents. Additionally, the total tax liability per tax return has shown fluctuations, suggesting an overall rising tax obligation... Read more
Average Taxable Income per Tax Return in Geneva County, AL over the last 9 years
Geneva County, AL has seen a steady increase in average taxable income per tax return over the past nine years, jumping from $38,466.93 in 2013 to $49,328.08 in 2021. This consistent upward trend indicates a growing financial health in the region, which can be attractive to both potential residents and businesses looking to relocate. The significant rise in income showcases the county's economic resilience and improving quality of life, making it a compelling choice for those seeking stable economic opportunities.
Average State and Local Income Taxes Per Tax Return in Geneva County, AL Over the Last 10 Years
The average state and local income taxes per tax return in Geneva County, AL have seen a significant upward trend over the past decade, rising from $3,540.80 in 2012 to $6,465.00 in 2021. Noteworthy spikes occurred between 2017 and 2020, with a notable jump from $4,940.00 in 2018 to $5,700.00 in 2019, and further to $7,175.00 in 2020. This increase suggests a growing tax burden on residents, which may impact decisions for those considering moving to or staying in the area, as well as financial planning for current residents.
Average Total Tax Liability Per Tax Return in Geneva County, AL Over the Last 10 Years
Geneva County, Alabama has experienced fluctuations in average total tax liability per tax return over the past decade, peaking in 2016 at $6,425.75 and dipping to a low of $5,044.94 in 2012. Notable trends include a significant rise from 2015 to 2016, and a general upward trajectory post-2018. For potential investors or residents, this suggests an overall increasing tax obligation that might correlate with economic growth or property value increases in the area.
Cost of Living in Geneva County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $863 | $1,395 | $1,954 | $981 | $1,078 |
| 1 adult 4 children | $863 | $1,140 | $1,457 | $981 | $1,090 |
| 2 adults 3 children | $863 | $1,140 | $1,714 | $981 | $893 |
| 1 adult 3 children | $863 | $931 | $1,217 | $981 | $836 |
| 2 adults 2 children | $647 | $933 | $1,474 | $852 | $781 |
| 1 adult 2 children | $647 | $697 | $977 | $852 | $650 |
| 2 adults 1 child | $647 | $738 | $1,234 | $433 | $731 |
| 1 adult 1 child | $647 | $476 | $737 | $433 | $578 |
| 2 adults | $529 | $593 | $994 | $0 | $642 |
| 1 adult | $527 | $323 | $497 | $0 | $528 |
Safety trends & Data
Geneva County, Alabama has experienced dramatic shifts in property crime rates, which may impact real estate investment and insurance assessments. While larceny-theft incidents plummeted from 49 in 2018 to 5 in 2020 before rising to 24 in 2021, burglary arrests saw a similar decline but fluctuated thereafter. Fraud and vandalism showed inconsistent trends, peaking at different times. Low and stable rates in arson and motor vehicle theft offer some consistency for risk evaluation. These volatile... Read more
Property Crime Trends in Geneva County, AL Over the Last 5 Years
Geneva County, Alabama has shown significant fluctuations in property crime over the last five years. Larceny-theft incidents peaked at 49 in 2018 but dropped dramatically to 5 by 2020, with a slight uptick to 24 in 2021. Burglary arrests also saw a notable decline from 19 in 2018 to as low as 3 in 2020 before rising again. Fraud and vandalism, meanwhile, have shown inconsistent trends, peaking at 39 and 19 respectively in different years. Arson and motor vehicle theft numbers remained relatively low and stable throughout the period. These shifting crime rates could influence decisions for real estate investors, potential homeowners, and insurance agents assessing risk in the area.
Demographics
Geneva County, Alabama shows a slightly higher female adult population compared to males. The local educational attainment data highlights a strong leaning towards high school graduates and those with some college experience, but fewer individuals holding graduate or professional degrees. Age distribution reveals a significant number of older adults, with a notable portion of the population being 45 years and older. The racial composition indicates a predominantly White demographic, with... Read more
Race Distribution in Geneva County, Alabama (2022)
Educational Attainment in Geneva County, Alabama (2022)
Age Distribution in Geneva County, Alabama
Citizen Population in Geneva County, Alabama (2022)
Political Trends & Data
Geneva County, Alabama, displayed a notable preference for the Republican party in the 2020 U.S. Presidential Election, with around 86% of votes cast in their favor. The Democrats only secured about 13%, suggesting a robust Republican influence in local policy and community priorities. Such political leanings could potentially shape county development choices and real estate trends, driven by a conservative approach to growth and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Geneva County in Alabama saw a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with around 86% of the vote. The Democratic party garnered roughly 13%, while other parties barely registered. This points to a strong Republican presence and likely influences on local policy and community priorities.
86.47% of voters voted for the Republican party in the 2020 Presidential Election
12.71% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Other party in the 2020 Presidential Election
School Data
Geneva County, Alabama's student-to-teacher ratio has consistently surpassed the U.S. national average of 14, peaking at over 18 in 2018 and largely remaining in the upper 17s. This trend potentially signals challenges in providing individualized attention in schools, which families might consider when moving to the area. It could also suggest a demand for educational infrastructure, offering opportunities for investors and builders. Real estate agents might need to address these educational... Read more
Student-to-teacher ratio in Geneva County, Alabama over the last 10 years
Over the past decade, Geneva County, Alabama has seen its student-to-teacher ratio fluctuate but generally stay above the U.S. national average of fourteen. Peaking at over eighteen in 2018, the ratio has mostly hovered in the upper seventeens for the last several years. This trend might hint at potential challenges in terms of individualized attention for students, which could be a consideration for families contemplating a move to the area. Investors and builders might also see these figures as a signal for potential demand in educational infrastructure, while real estate agents may need to address these points when discussing the benefits of homes in the county.
