Hale County Real Estate and Livability Trends
Hale County, Alabama’s median home values reached $109,400 in 2022, showing a sharper rise compared to state and national trends. Energy tax credits peaked at $1,600.00 in 2018, attracting eco-conscious buyers. Real estate taxes also rose from $627.96 in 2012 to $943.75 in 2021, possibly leading to enhanced public services. A decline in farm tax returns suggests a pivot away from traditional... Read more
Hale County Market Trends
In Hale County, Alabama, the median home values hit $109,400 in 2022, marking an interesting local trend where prices have shown a sharper rise compared to state and national averages. The upsurge in residential energy tax credits, peaking at $1,600.00 per return in 2018, reinforces the area's growing focus on energy efficiency, attracting eco-conscious buyers and investors. Real estate taxes... Read more
Median Value of Occupied Housing Units in Hale County, Alabama Over the Last 8 Years
Hale County, Alabama, saw a steady increase in median home values over the last eight years, peaking at $109,400 in 2022. This local trend is intriguing when compared to both Alabama and national averages, as the county's values were generally lower but showed a sharper price hike. Investment-wise, the significant jump in 2022 might hint at potential opportunities or evolving market conditions in Hale County, potentially making it an upcoming area of interest for property investors or new homeowners.
Residential Energy Tax Credit Per Tax Return in Hale County, AL Over the Last 9 Years
Hale County, Alabama has seen a significant uptick in residential energy tax credits per tax return over the past nine years. Starting at $423.08 in 2013, the average credit escalated sharply, peaking at $1,600.00 in 2018. With various year-to-year fluctuations, the trend showcases a growing emphasis on energy efficiency investments, making Hale County an attractive spot for eco-conscious homeowners and investors. This upward trajectory suggests potential savings and increased property values for those prioritizing sustainable living.
Average Real Estate Taxes Per Tax Return in Hale County, AL Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Hale County, Alabama have generally increased, with notable jumps starting from around $627.96 in 2012 and rising to $943.75 by 2021. The significant rise observed around 2018 signifies a trend that potential homebuyers might need to budget for higher tax rates in the future. This increase can be seen as a signal of the county's growing demand and potentially enhanced public services funded by these taxes.
Percentage of Farm Returns in Hale County, AL Over the Last 10 Years
Over the past decade in Hale County, Alabama, the percentage of farm tax returns has seen a steady decline, dropping from 6.69% in 2012 to 5.14% in 2021. This trend suggests a decrease in farm-based economic activity, possibly reflecting changes in local agriculture or property usage. For investors and residents, this data highlights an evolving economic landscape, potentially shifting away from traditional farming toward new types of development and investment opportunities within the area.
Number of Mortgages by Occupancy Type in Hale County, AL Over the Last 5 Years in Hale County
In Hale County, Alabama, the number of mortgages for principal residences has generally remained high, with a noticeable increase in 2020 and 2021. Investment property mortgages saw a significant decline, particularly from 2018 to 2021, while second residence figures remained relatively stable but low. This shift suggests nuanced trends that matter for various stakeholders. For investors, the decreasing volume of investment property mortgages could hint at either reduced market confidence or shifting market dynamics, influencing potential returns. For real estate agents and appraisers, understanding that principal residences dominate may guide pricing strategies and property valuations. Insurance agents might find the stable yet low second residence market pertinent for tailored policy recommendations. These changes reflect the evolving landscape of property demand and usage, crucial for anyone engaging with or analyzing the local real estate market.
Economic Outlook
Hale County, Alabama has seen a notable rise in average taxable income per tax return, increasing from $37,898.90 in 2013 to $46,327.19 in 2021. Despite a dip in 2014 and a slight decline in 2020, this overall growth suggests improving economic conditions. However, the average state and local income taxes per tax return have also surged, hitting $5,711.11 by 2021, indicating a growing tax burden on residents. Additionally, average total tax liability saw fluctuations, peaking at $5,798.51 in... Read more
Average Taxable Income per Tax Return in Hale County, AL over the last 9 years
Hale County, AL has seen a notable rise in average taxable income per tax return over the past nine years, with a dip in 2014 and a slight decline in 2020. The average taxable income increased from $37,898.90 in 2013 to $46,327.19 in 2021, reflecting a growth in economic conditions and potentially higher wages or employment opportunities in the area. This trend is particularly relevant for prospective residents and current inhabitants assessing the economic vibrancy of Hale County.
Average State and Local Income Taxes Per Tax Return in Hale County, AL Over the Last 10 Years
The average state and local income taxes per tax return in Hale County, AL have seen significant fluctuations over the past decade, with notable increases starting in 2017. This sharp rise, culminating in $5,711.11 by 2021, suggests a growing tax burden on residents. For those considering a move to Hale County, understanding these financial implications is crucial, as it reflects broader economic and policy changes that can impact household finances.
Average Total Tax Liability Per Tax Return in Hale County, AL Over the Last 10 Years
Hale County, Alabama has seen some fluctuation in average total tax liability per tax return over the past decade, with figures ranging from about $4,596.59 in 2014 to a peak of approximately $5,798.51 in 2017. More recently, the average tax liability was around $5,735.32 in 2021. These trends indicate an overall increase in tax liability, which may reflect economic changes in the area, influencing factors such as property values, income levels, and local government policies. For investors, homebuyers, or residents, understanding these shifts can provide valuable insights into the financial landscape of the county.
Cost of Living in Hale County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $865 | $1,617 | $1,870 | $1,242 | $1,271 |
| 1 adult 4 children | $865 | $1,320 | $1,394 | $1,242 | $1,299 |
| 2 adults 3 children | $865 | $1,321 | $1,640 | $1,242 | $1,044 |
| 1 adult 3 children | $865 | $1,078 | $1,164 | $1,242 | $1,056 |
| 2 adults 2 children | $690 | $1,081 | $1,411 | $1,076 | $927 |
| 1 adult 2 children | $690 | $808 | $935 | $1,076 | $828 |
| 2 adults 1 child | $690 | $854 | $1,181 | $537 | $834 |
| 1 adult 1 child | $690 | $552 | $705 | $537 | $651 |
| 2 adults | $557 | $686 | $952 | $0 | $686 |
| 1 adult | $553 | $374 | $476 | $0 | $554 |
Safety trends & Data
Property crime trends in Hale County, Alabama, have varied over the past three years, particularly in the realms of larceny-theft and arson. With consistent counts of $1.00 in larceny-theft incidents for 2018 and 2019, an unexpected rise in arson cases emerged in 2021. For investors, builders, and real estate professionals, this suggests generally stable larceny-theft rates but highlights the importance of being vigilant about arson... Read more
Property Crime Trends in Hale County, AL Over the Last 3 Years
Property crime trends in Hale County, Alabama, have displayed an interesting variation over the past three years, particularly in the categories of larceny-theft and arson. Despite a consistent count of 1.00 in larceny-theft incidents in both 2018 and 2019, there was a notable occurrence of arson in 2021. For potential investors, builders, and real estate professionals, this might hint at relatively stable larceny-theft incidents but an emerging need to be cautious about the sudden rise in arson cases.
Demographics
Hale County, Alabama has a fairly balanced gender demographic with slightly more females than males. Its educational attainment data suggests a substantial number of high school graduates, with fewer residents holding a college degree or higher qualifications. The age distribution indicates a diverse spread across age groups, though there's a notable concentration of residents under 10 years old. Racially, the population is predominantly Black or African American, with a smaller proportion of... Read more
Race Distribution in Hale County, Alabama (2022)
Educational Attainment in Hale County, Alabama (2022)
Age Distribution in Hale County, Alabama
Citizen Population in Hale County, Alabama (2022)
Political Trends & Data
In Hale County, Alabama, the 2020 U.S. Presidential Election results indicate a marked preference for Democratic candidates, capturing around 59% of the vote compared to Republicans' 40%. This is notable given Alabama's usual Republican lean, hinting at distinct local dynamics or demographic influences that set Hale County... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hale County, Alabama, the 2020 U.S. Presidential Election showed a significant lean towards Democratic candidates, with approximately 59% of the votes. Republicans garnered about 40%. Third-party or other candidates received a negligible portion, collectively around 0.5%. This trend is particularly interesting given Alabama's overall historical tendency to favor Republican candidates, suggesting Hale County may have unique local dynamics or demographic factors influencing voter behavior.
40.41% of voters voted for the Republican party in the 2020 Presidential Election
59.03% of voters voted for the Democrat party in the 2020 Presidential Election
0.57% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hale County, Alabama has experienced swings in its student-to-teacher ratio, reaching 24 students per teacher in 2022, noticeably above the national average of 14. These variations may suggest changes in educational funding, teacher availability, or shifts in the student population. For potential investors, real estate agents, and new residents, this could signal or reflect fluctuations in local education quality, impacting long-term demographic trends and potentially influencing property... Read more
Student-to-teacher ratio in Hale County, Alabama over the last 10 years
Hale County, Alabama has seen fluctuations in its student-to-teacher ratio over the past decade, peaking at 24 students per teacher in 2022, which is significantly higher than the national average of 14. These variations are noteworthy for potential investors, real estate agents, and new residents as they could indicate shifts in educational funding, teacher availability, or changes in student population. For insurance agents and appraisers, understanding the dynamics of school resources may impact property values and community attractiveness. For those building property or moving to Hale County, the ratio might reflect challenges or improvements in local education quality that could influence long-term demographic trends.
