Henry County Real Estate and Livability Trends
Henry County, Alabama has experienced robust economic growth, evidenced by rising taxable income from $43,852.49 in 2013 to $60,795.49 in 2021, alongside increased state and local income taxes. Median home values have climbed from $96,300 in 2015 to $132,400 in 2022, though they still lag behind state and national averages. Property crimes have surged in recent years, with larceny-theft cases... Read more
Henry County Market Trends
Henry County, Alabama, reflects an evolving real estate market with its median home values increasing from $96,300 in 2015 to $132,400 in 2022, though still trailing behind state and national averages. Energy tax credits in the county have fluctuated, peaking at $1,250.00 in 2018 before stabilizing around $542.86 in 2021, indicating a budding interest in energy efficiency. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Henry County, Alabama Over the Last 8 Years
Henry County, Alabama has seen a steady increase in median home values over the last eight years, rising from $96,300 in 2015 to $132,400 in 2022. While impressive, this growth is still below the state and national averages. In comparison, Alabama's median home value rose from $125,500 to $179,400, while the national median surged from $125,500 to $179,400 over the same period. Investors and homebuyers might find Henry County an attractive option with potentially greater room for property value appreciation compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Henry County, AL Over the Last 9 Years
Henry County, Alabama, has seen significant fluctuations in residential energy tax credits per tax return over the last nine years. Notably, in 2018, the average credit spiked to $1,250.00, a sharp increase from previous years, before decreasing to $800.00 in 2019 and stabilizing somewhat around $383.33 in 2020 and $542.86 in 2021. These trends suggest increasing investments in energy-efficient improvements, which could be indicative of evolving local policies or a growing resident interest in sustainable living, hinting at potential opportunities for real estate ventures and energy-related services.
Average Real Estate Taxes Per Tax Return in Henry County, AL Over the Last 10 Years
Real estate taxes per tax return in Henry County, Alabama have generally trended upward over the last decade. From $905.43 in 2012 to $1,566.67 in 2021, this steady rise is likely indicative of increasing property values or maybe changes in tax rates. This trend could be a signal for potential investors and property buyers to consider the long-term tax implications when investing in real estate in this area. The noticeable jump between 2017 and 2019 might suggest significant property appreciation or adjustments in tax policy, which is crucial for budgeting future property-related expenses.
Percentage of Farm Returns in Henry County, AL Over the Last 10 Years
Farm tax returns in Henry County, Alabama over the last decade reveal a nuanced agricultural landscape. Starting at 6.05% in 2012, the percentage saw a slow rise, peaking at 6.38% in 2015, before gradually declining to around 5.54% by 2019. The slight uptick to 5.94% in 2021 hints at possible stabilization or recovery. These fluctuations may impact decisions for those eyeing investment opportunities, property development, or agricultural ventures, indicating variable but generally sustained farm activity in the region.
Number of Mortgages by Occupancy Type in Henry County, AL Over the Last 5 Years in Henry County
Henry County, Alabama has seen fluctuating trends in mortgage counts over the past five years, with principal residences showing a notable peak in 2020 at 1,038 mortgages before dipping to 829 in 2022. Investment property mortgages have remained relatively stable, averaging around 46 yearly, while second residences have varied more, peaking at 72 in 2021 and falling to 31 in 2022. Changes in occupancy types can be crucial for investors, builders, and real estate agents, as a high demand for principal residences might indicate a growing population and a stable market, whereas shifts in investment and second residence mortgages could signal changing economic conditions or investment opportunities. This information helps appraisers and insurance agents assess property values and risks more accurately.
Economic Outlook
Henry County, Alabama has seen a steady rise in average taxable income per tax return, increasing from $43,852.49 in 2013 to $60,795.49 in 2021, highlighting significant economic growth and investment potential. Concurrently, state and local income taxes have also spiked, climbing from $3,713.71 in 2012 to $9,104.00 in 2021, which may affect residents' disposable income. The average total tax liability has followed a similar upward trend, suggesting either growing incomes or shifting tax... Read more
Average Taxable Income per Tax Return in Henry County, AL over the last 9 years
Henry County, AL has experienced a progressively increasing trend in average taxable income per tax return over the past nine years, culminating in a significant rise from $43,852.49 in 2013 to $60,795.49 in 2021. This uptrend demonstrates considerable economic growth and potentially increased investment opportunities in the area. With incomes consistently growing year-over-year, it highlights an improving economic environment, making the location more attractive for prospective movers looking for financial stability and growth potential.
Average State and Local Income Taxes Per Tax Return in Henry County, AL Over the Last 10 Years
Over the past decade, Henry County, AL has seen a significant spike in average state and local income taxes per tax return, rising from $3,713.71 in 2012 to $9,104.00 in 2021. The steepest increases occurred from 2017 onward, with notable jumps particularly after 2018. This growing tax burden could impact residents' disposable income, potentially influencing decisions for those considering relocation to or within the area.
Average Total Tax Liability Per Tax Return in Henry County, AL Over the Last 10 Years
The average total tax liability per tax return in Henry County, Alabama has shown a noticeable upward trend over the past decade. Starting at $6,023.33 in 2012, it gradually increased each year, spiking to $7,355.16 by 2017. Despite a slight dip in 2018 and 2019, the liability surged to $7,843.54 in 2020 and reached a decade-high of $9,163.73 in 2021. This rising tax trend suggests a growing income or changing tax policy and is crucial for investors, potential residents, and property developers considering the county.
Cost of Living in Henry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $985 | $1,548 | $1,954 | $981 | $1,224 |
| 1 adult 4 children | $985 | $1,264 | $1,457 | $981 | $1,243 |
| 2 adults 3 children | $985 | $1,265 | $1,714 | $981 | $1,001 |
| 1 adult 3 children | $985 | $1,033 | $1,217 | $981 | $976 |
| 2 adults 2 children | $740 | $1,035 | $1,474 | $852 | $864 |
| 1 adult 2 children | $740 | $773 | $977 | $852 | $746 |
| 2 adults 1 child | $740 | $818 | $1,234 | $433 | $805 |
| 1 adult 1 child | $740 | $529 | $737 | $433 | $642 |
| 2 adults | $562 | $657 | $994 | $0 | $688 |
| 1 adult | $558 | $359 | $497 | $0 | $565 |
Safety trends & Data
Henry County, Alabama has seen notable ups and downs in property crimes over the last five years. Larceny-theft cases surged drastically, jumping from 1.00 in 2020 to 38.00 by 2022. Fraud arrests peaked twice, in 2019 and 2022, each hitting 12.00 incidents. Motor vehicle thefts stayed relatively steady, oscillating between 1.00 and 3.00 cases per year. Arrests related to buying and possessing stolen property jumped from 4.00 in 2020 to 15.00 in 2022, while vandalism saw over a twofold increase... Read more
Property Crime Trends in Henry County, AL Over the Last 5 Years
In the last five years, Henry County, Alabama has witnessed significant fluctuations in property crimes. Larceny-theft incidents experienced a notable surge, spiking from 1.00 case in 2020 to 38.00 cases by 2022. Burglary and fraud cases also saw varied trends, with fraud arrests peaking in 2019 and 2022 at 12.00 each. Motor vehicle thefts remained relatively constant at around 1.00 to 3.00 annual cases. Interestingly, arrests related to stolen property buying, receiving, and possessing noticeably increased from 4.00 in 2020 to 15.00 in 2022. Vandalism arrests more than doubled from 7.00 in 2021 to 15.00 in 2022. These trends potentially point to both evolving criminal behavior and possibly enhanced law enforcement actions.
Demographics
Henry County, Alabama, shows a slightly higher female population compared to males. When it comes to educational attainment, a significant portion of the adult population holds at least a high school diploma, with a notable segment having some college experience, while fewer possess a bachelor's or graduate degree. Examining the age distribution hints at a balanced spread across different age groups, though there's a slight skew towards older adults, particularly those aged 55 to 74. In terms... Read more
Race Distribution in Henry County, Alabama (2022)
Educational Attainment in Henry County, Alabama (2022)
Age Distribution in Henry County, Alabama
Citizen Population in Henry County, Alabama (2022)
Political Trends & Data
Henry County, Alabama, shows a significant Republican lean, with around 71% of the vote in the 2020 U.S. Presidential Election going to the GOP. Democrats captured just under 30%, while other parties scarcely registered. This trend potentially positions Henry County as a Republican stronghold, influencing future political strategies and voter outreach... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Henry County, Alabama, there seems to be a notable lean towards the Republican Party, capturing around 71% of the vote in the 2020 U.S. Presidential Election. Democrats received just under 30% of the vote, while other parties barely made a dent. This may suggest a solid Republican stronghold, but it's worth noting how these trends could impact future political strategies and voter engagement in the area.
71.06% of voters voted for the Republican party in the 2020 Presidential Election
28.03% of voters voted for the Democrat party in the 2020 Presidential Election
0.91% of voters voted for the Other party in the 2020 Presidential Election
School Data
Henry County, Alabama has seen its student-to-teacher ratio fluctuate over the past decade, generally staying above the national average of 14. The ratio peaked at 18 in 2016 and has recently settled around 16. These shifts in classroom size could be a consideration for families, educators, and real estate investors, as they may impact perceptions of education quality and resource distribution in local... Read more
Student-to-teacher ratio in Henry County, Alabama over the last 10 years
Over the past decade, Henry County, Alabama has experienced fluctuations in the student-to-teacher ratio, generally remaining above the national average of 14. The ratio peaked at 18 in 2016, indicating potential challenges in classroom management and individualized attention. Recently, it has settled closer to 16, still above average but an improvement. These variations in the student-to-teacher ratio could influence decisions for families considering moving to the area, educators evaluating job opportunities, and investors exploring real estate, as they may reflect on the quality of education and resource allocation within local schools.
