Greene County Real Estate and Livability Trends
Greene County, Alabama's median home values surged from $66,400 in 2018 to $88,800 by 2022, hinting at strong growth potential for investors. Real estate taxes have climbed, peaking at $1,377.78 in 2019, reflecting rising property values and regional development. Meanwhile, a resilient agricultural sector maintains steady farm tax returns, appealing to rural investment interests. The notable... Read more
Greene County Market Trends
Greene County, Alabama, has experienced varying median home values, starting at $69,600 in 2015 and reaching $88,800 by 2022, with a significant rise from $66,400 in 2018 to $80,400 in 2019. These fluctuations might make the area attractive for investors seeking affordable entry points with potential for value growth. Residential energy tax credits per return have also seen notable jumps, peaking... Read more
Median Value of Occupied Housing Units in Greene County, Alabama Over the Last 8 Years
Greene County, Alabama, has seen fluctuating median home values over the past eight years, starting at $69,600 in 2015 and reaching $88,800 by 2022. The dip in values between 2015 and 2018 contrasted significantly with the overall growth seen at both state and national levels, where median values consistently increased. Particularly notable is the sharp rise from $66,400 in 2018 to $80,400 in 2019, indicating a potentially lucrative period for property owners or investors. Compared to the Alabama state median of $179,400 in 2022 and the national median of $179,400, Greene County's values suggest it could offer more affordable opportunities with potential for high returns on investment given the volatility in recent years.
Residential Energy Tax Credit Per Tax Return in Greene County, AL Over the Last 9 Years
Over the last nine years, residents of Greene County, Alabama have seen significant fluctuation in the average residential energy tax credit per tax return. After starting at $500.00 in 2013, the value dipped to $400.00 in 2014 before gradually increasing to $450.00 by 2016. A substantial jump occurred in 2017 to $900.00 and peaked at $1450.00 in 2018, reflecting growing investment in residential energy efficiency. The following years stabilized the credit around $1157.14 in 2019, $1212.50 in 2020, and $1300.00 in 2021, indicating a sustained commitment to energy improvements which could be attractive to potential investors and new residents looking for eco-friendly community support.
Average Real Estate Taxes Per Tax Return in Greene County, AL Over the Last 10 Years
Over the last decade, Greene County, Alabama has seen notable fluctuations in average real estate taxes per tax return. Starting at $700.00 in 2012, these taxes have generally trended upwards, peaking dramatically at $1,377.78 in 2019 before slightly stabilizing. This upward shift indicates a growing demand in the area, possibly reflecting regional development and rising property values. Potential investors and residents might find this indicative of positive economic activity, though it's essential to weigh these costs when making financial decisions.
Percentage of Farm Returns in Greene County, AL Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Greene County, Alabama has exhibited modest fluctuations, peaking at 9.20% in 2013 and hitting a low of 6.71% in 2017. These farm returns are vital for understanding the agricultural economy and investment potential of the area. Regular farm returns indicate a stable or growing agricultural sector, making Greene County an attractive option for those considering investment or residence in regions with enduring agricultural activities. The consistency around the 7-9% range reflects a resilient farming community supporting the local economy.
Number of Mortgages by Occupancy Type in Greene County, AL Over the Last 5 Years in Greene County
Over the last five years in Greene County, Alabama, mortgages for principal residences have gradually increased, suggesting steady demand for primary homeownership in the area. In contrast, there has been a slight decline in both investment properties and second residences. These trends may indicate shifting priorities or economic conditions influencing property investment dynamics. For investors, this data could suggest a more competitive market for primary homes compared to investment properties. Real estate agents might focus their efforts on the increasing demand for principal residences. Insurance agents and appraisers might also benefit from understanding these trends, as they can influence risk assessments and property valuations. Builders and those planning to move to the area may find opportunities or challenges based on the type of occupancy seeing the most growth.
Economic Outlook
Greene County, Alabama has shown resilience in average taxable income over the past nine years, with significant growth to $35,510.41 in 2021. On the flip side, average state and local income taxes have climbed from $3,152.73 in 2013 to $4,063.64 in 2021, indicating a rise in tax burdens that potential residents and businesses should consider. Despite some fluctuations, the average total tax liability has remained relatively stable between $3,971.35 and $4,764.94, peaking at $5,057.29 in 2013,... Read more
Average Taxable Income per Tax Return in Greene County, AL over the last 9 years
Over the past nine years, Greene County, AL has experienced fluctuations in average taxable income per tax return, peaking at $34,436.89 in 2013 and hitting a low of $30,619.02 in 2014. Recent years show an upward trend, concluding with a notable increase to $35,510.41 in 2021. This suggests a resilient economic environment, potentially making the county more attractive for new residents and businesses seeking a stable financial landscape.
Average State and Local Income Taxes Per Tax Return in Greene County, AL Over the Last 10 Years
Over the past decade, Greene County, AL has experienced a notable rise in average state and local income taxes per tax return, jumping from around $3,152.73 in 2013 to $4,063.64 in 2021. This increase signals a trend towards higher tax burdens for residents, reflecting possible economic growth or policy changes. Understanding these shifts is crucial for those considering moving to Greene County or its current residents, as it directly impacts disposable income and cost of living.
Average Total Tax Liability Per Tax Return in Greene County, AL Over the Last 10 Years
The average total tax liability per tax return in Greene County, Alabama has seen some fluctuations over the last decade, peaking in 2013 at $5,057.29. Although the tax liability has varied, it generally stayed within the $3,971.35 to $4,764.94 range in subsequent years. This data is crucial for investors, potential residents, and property developers as it provides insight into the financial landscape and potential tax burdens in the area. Such historical trends can guide decision-making regarding long-term commitments and financial planning in Greene County.
Cost of Living in Greene County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $966 | $1,617 | $1,870 | $1,242 | $1,278 |
| 1 adult 4 children | $966 | $1,320 | $1,394 | $1,242 | $1,279 |
| 2 adults 3 children | $966 | $1,321 | $1,640 | $1,242 | $1,027 |
| 1 adult 3 children | $966 | $1,078 | $1,164 | $1,242 | $1,038 |
| 2 adults 2 children | $794 | $1,081 | $1,411 | $1,076 | $917 |
| 1 adult 2 children | $794 | $808 | $935 | $1,076 | $817 |
| 2 adults 1 child | $794 | $854 | $1,181 | $537 | $826 |
| 1 adult 1 child | $794 | $552 | $705 | $537 | $664 |
| 2 adults | $627 | $686 | $952 | $0 | $688 |
| 1 adult | $623 | $374 | $476 | $0 | $568 |
Safety trends & Data
Greene County, Alabama has seen fluctuating property crime trends with a noticeable decline over the past four years. Although 2018 recorded relatively higher instances of larceny-theft (10.00), vandalism (9.00), and stolen property offenses (7.00), subsequent years have experienced sharp reductions. By 2020, categories like motor vehicle theft, embezzlement, forgery, and fraud were reported at either one instance or none. This potential improvement in crime rates could influence decisions for... Read more
Property Crime Trends in Greene County, AL Over the Last 4 Years
Greene County, Alabama has shown fluctuating property crime trends over the past four years. While 2018 recorded higher instances of crimes like larceny-theft (10.00), vandalism (9.00), and stolen property offenses (7.00), there has been a noticeable decline in subsequent years. Most categories experienced drops, with motor vehicle theft, embezzlement, forgery, and fraud each reported at a single instance or zero in 2020, signaling a sharp reduction. These trends may indicate improved crime prevention measures or other socio-economic changes in the county, potentially impacting decisions for investors, real estate professionals, and anyone interested in local crime rates.
Demographics
In Greene County, Alabama, the demographic data highlights a slightly higher percentage of females compared to males. The educational attainment shows a significant portion of the population having completed high school or some college, yet there is a substantial number who did not finish high school. The age distribution suggests a balanced age structure with notable peaks in the under 10 and 55 to 64 age groups. Racially, the county is predominantly Black or African American at a substantial... Read more
Race Distribution in Greene County, Alabama (2022)
Educational Attainment in Greene County, Alabama (2022)
Age Distribution in Greene County, Alabama
Citizen Population in Greene County, Alabama (2022)
Political Trends & Data
Greene County, Alabama, may attract real estate investors and residents who lean Democratic, given that over 81% of voters supported the Democratic party in the 2020 U.S. Presidential Election. This strong political leaning might influence community values, local governance, and policy priorities, appealing to those who align with these ideologies. With Republicans capturing only about 18% of the vote and third-party candidates almost negligible, the dominance of Democratic support could shape... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Greene County, Alabama, leaned heavily towards the Democratic party in the 2020 U.S. Presidential Election, with over 81% of the votes going to Democrats. Republicans captured a relatively small portion, around 18%, suggesting a significant Democratic stronghold in this area. Third-party candidates had minimal impact, collectively garnering less than 1% of the vote. This trend highlights an interesting political landscape, with possibly deep-rooted Democratic support.
18.32% of voters voted for the Republican party in the 2020 Presidential Election
81.34% of voters voted for the Democrat party in the 2020 Presidential Election
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Greene County, Alabama, the student-to-teacher ratio has seen significant fluctuations over the past decade, with a notable peak at 22 in 2022, compared to the national average of 14. These changes may reflect shifts in funding, teacher availability, or student enrollment, impacting the overall quality of education. For real estate stakeholders, understanding these trends can provide insight into broader socio-economic patterns and community priorities, presenting potential areas of concern... Read more
Student-to-teacher ratio in Greene County, Alabama over the last 10 years
Over the past decade in Greene County, Alabama, the student-to-teacher ratio has shown significant fluctuations, with recent years hitting notable peaks. Starting at 14 in 2014, it climbed to around 16 by 2015 and then surged to 18 in 2016. This ratio somewhat stabilized but spiked to a high of 22 in 2022 before dropping to 17 in 2023. These changes could imply varying levels of funding, teacher availability, or student enrollment, which can influence the quality of education. For prospective investors, homebuyers, real estate agents, appraisers, and insurance agents, understanding these ratios might indicate broader socio-economic trends and community priorities. The 2022 peak significantly exceeds the national average of 14, suggesting potential areas of concern or opportunity for stakeholders.
