Lauderdale County Real Estate and Livability Trends
Lauderdale County, Alabama, boasts a notable rise in economic indicators, with average taxable income per tax return jumping from $50,082.82 in 2013 to $71,854.46 in 2021. Median home values soared from $118,600 in 2015 to $174,800 in 2022, indicating a hot real estate market that's outpacing national averages. The area shows a shift away from farming operations and a noticeable increase in... Read more
Lauderdale County Market Trends
Lauderdale County, Alabama's median home values have skyrocketed from $118,600 in 2015 to $174,800 in 2022, outpacing national averages and highlighting a hot real estate market. The surge in median property values, alongside increased average real estate taxes per tax return from $1,047.90 in 2012 to $2,024.00 in 2018, suggests rising property values or potential tax policy changes. Energy... Read more
Median Value of Occupied Housing Units in Lauderdale County, Alabama Over the Last 8 Years
Lauderdale County's median home values have surged from $118,600 in 2015 to $174,800 in 2022. This local growth pace outstripped the national jump from $125,500 to $179,400 over the same period. While the national median rose steadily, Lauderdale County's property values saw a sharper increase, suggesting a hot market for potential buyers and investors. Comparatively, Alabama's statewide figures mirrored national trends, yet Lauderdale County's gains emphasize specific, localized growth dynamics advantageous for those considering investments or relocation within this region.
Residential Energy Tax Credit Per Tax Return in Lauderdale County, AL Over the Last 9 Years
Lauderdale County, Alabama has seen a significant increase in the average residential energy tax credit per tax return over the past nine years. Starting at around $263.16 in 2013, the value soared dramatically to $1,260.00 in 2018, showing a robust investment in energy-efficient initiatives. Despite some fluctuations, recent figures remain strong, with $411.11 in 2021. This upward trend highlights growing energy efficiency awareness and investment, making Lauderdale County an attractive location for eco-conscious investors and homeowners.
Average Real Estate Taxes Per Tax Return in Lauderdale County, AL Over the Last 10 Years
Lauderdale County, Alabama, has seen a significant rise in average real estate taxes per tax return over the past decade. Starting at $1,047.90 in 2012, there has been an upward trend with notable spikes, such as in 2018 when taxes jumped to $2,024.00. This increase may impact property investments and the real estate market, suggesting rising property values or changes in tax policy. Prospective homeowners and investors should consider these trends when evaluating the long-term cost of real estate in the area.
Percentage of Farm Returns in Lauderdale County, AL Over the Last 10 Years
Farm tax returns in Lauderdale County, Alabama, have seen a gradual decline over the last decade, dropping from 4.23% in 2012 to 3.63% in 2021. This consistent decrease suggests a shift away from traditional farming operations in the area. For potential investors, property builders, or those considering moving to Lauderdale County, this could indicate evolving economic opportunities, with possible growth in sectors other than agriculture. If you're interested in local real estate or economic trends, understanding this shift could be crucial for making informed decisions.
Number of Mortgages by Occupancy Type in Lauderdale County, AL Over the Last 5 Years in Lauderdale County
Over the past five years, Lauderdale County, Alabama, has shown a trend where mortgages for principal residences significantly outpace those for investment and second properties. Notably, while there appears to be a steady increase in investment property mortgages from 272 in 2018 up to 397 in 2022, principal residences have jumped from 3,388 in 2018 to a high of 5,434 in 2021 before dipping slightly to 3,987 in 2022. Second residences saw less dramatic fluctuations, peaking in 2020 with 169 mortgages. The shifts in occupancy type matter because they reflect broader economic trends: increases in principal residence mortgages can indicate a growing population and strengthening local economy, whereas rising investment property transactions may suggest a market attractive to investors and potential for rental income. These trends provide valuable insights for investors, new residents, and professionals involved in real estate and property finance.
Economic Outlook
Lauderdale County, Alabama, has experienced a notable rise in economic indicators over the past decade, with average taxable income per tax return increasing from $50,082.82 in 2013 to $71,854.46 in 2021. This upward trend signifies potential improvements in job opportunities and wages, making the area appealing for newcomers. Average state and local income taxes per tax return surged from $4,543.90 in 2012 to $11,007.01 in 2021, likely reflecting changes in local economic conditions and... Read more
Average Taxable Income per Tax Return in Lauderdale County, AL over the last 9 years
Over the past nine years, Lauderdale County, AL has seen a consistent upward trend in average taxable income per tax return, rising from $50,082.82 in 2013 to $71,854.46 in 2021. This notable increase indicates a robust economic growth in the area, making it more financially attractive for both current residents and potential newcomers. With taxable income levels showing a significant boost, it reflects potential improvements in job opportunities, wages, and overall economic health.
Average State and Local Income Taxes Per Tax Return in Lauderdale County, AL Over the Last 10 Years
Average state and local income taxes per tax return in Lauderdale County, AL have seen a significant upward trend over the past decade, escalating from around $4,543.90 in 2012 to $11,007.01 in 2021. The steep increases from 2018 onwards, peaking particularly in 2020 and 2021, could reflect changes in local economic conditions, policy adjustments, or shifts in taxpayer income levels. This information is crucial for potential movers and current residents to understand financial obligations in the county.
Average Total Tax Liability Per Tax Return in Lauderdale County, AL Over the Last 10 Years
Over the past decade, Lauderdale County, Alabama has seen a noticeable increase in the average total tax liability per tax return, climbing from $8,076.92 in 2012 to $11,872.21 in 2021. This steady rise points to possible economic growth and increased earnings among residents, making the county an increasingly attractive location for investment and real estate development. However, potential residents or business investors should weigh these rising tax liabilities against other local economic benefits.
Cost of Living in Lauderdale County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $971 | $1,460 | $1,911 | $1,358 | $1,231 |
| 1 adult 4 children | $971 | $1,192 | $1,425 | $1,358 | $1,261 |
| 2 adults 3 children | $971 | $1,193 | $1,676 | $1,358 | $1,019 |
| 1 adult 3 children | $971 | $974 | $1,190 | $1,358 | $1,033 |
| 2 adults 2 children | $787 | $976 | $1,441 | $1,183 | $912 |
| 1 adult 2 children | $787 | $729 | $955 | $1,183 | $797 |
| 2 adults 1 child | $787 | $772 | $1,207 | $613 | $806 |
| 1 adult 1 child | $787 | $498 | $721 | $613 | $651 |
| 2 adults | $599 | $620 | $972 | $0 | $649 |
| 1 adult | $557 | $338 | $486 | $0 | $522 |
Safety trends & Data
Lauderdale County, Alabama has seen fluctuations in property crime over the last five years. Larceny-theft has remained the highest, peaking at 203 incidents in 2019. Burglary and motor vehicle theft saw increases in 2021 and 2022. Fraud incidents reached 46 in 2019 but then fell to around 10-30 in the following years. Vandalism jumped significantly in 2021 and 2022, hitting 40 incidents in 2022. This could present a complex environment for potential investors, residents, and property... Read more
Property Crime Trends in Lauderdale County, AL Over the Last 5 Years
Lauderdale County, Alabama has experienced notable fluctuations in property crime over the past five years. While larceny-theft consistently leads with the highest number of incidents, peaking at 203 in 2019, other crimes like burglary and motor vehicle theft also saw increases, particularly in 2021 and 2022. Fraud incidents varied dramatically, reaching 46 in 2019 before dropping sharply to 10-30 in subsequent years. A startling uptick in vandalism was observed in 2021 and 2022, crossing into the mid-30s and hitting 40, respectively. This information suggests a complex and shifting landscape for potential investors, residents, and property-related professionals.
Demographics
Lauderdale County, Alabama, has a fairly balanced gender distribution with a slight majority of females over males. Educational attainment leans heavily towards high school graduates and those with some college but no degree, suggesting a strong but not complete focus on formal education. The age distribution shows a relatively even spread across age groups, although the population peaks in the 55 to 64 age range, implying potential future increases in demand for senior-related services. While... Read more
Race Distribution in Lauderdale County, Alabama (2022)
Educational Attainment in Lauderdale County, Alabama (2022)
Age Distribution in Lauderdale County, Alabama
Citizen Population in Lauderdale County, Alabama (2022)
Political Trends & Data
Lauderdale County, Alabama, shows a firm conservative stance, with the 2020 U.S. Presidential Election revealing about 71.5% of votes cast for the Republican candidate. The Democratic party only managed to capture approximately 26.8% of the vote, and other parties barely registered, underscoring a deeply rooted Republican inclination in this area. This political leaning could influence various aspects of local policies, including real estate and development trends, potentially favoring... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lauderdale County, Alabama, the 2020 U.S. Presidential Election saw a significant lean towards the Republican party, which captured around 71.5% of the vote. The Democratic party trailed significantly, garnering roughly 26.8%. Other parties, including the Libertarian and Green parties, had negligible to no impact on the overall vote distribution. This pattern might hint at Lauderdale County's strong conservative preference.
71.54% of voters voted for the Republican party in the 2020 Presidential Election
26.87% of voters voted for the Democrat party in the 2020 Presidential Election
1.59% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lauderdale County, Alabama, has experienced considerable shifts in its student-to-teacher ratio, notably peaking at 37 students per teacher in 2016, well above the U.S. national average of 14. Such fluctuations can impact the perceived quality of education, making it a critical consideration for families and influencing property values. For investors and real estate agents, these trends may affect the attractiveness of the area, while insurance agents might consider the potential impact on... Read more
Student-to-teacher ratio in Lauderdale County, Alabama over the last 10 years
Lauderdale County, Alabama, has seen significant fluctuations in its student-to-teacher ratio over the past decade, peaking at 37 students per teacher in 2016, but generally remaining above the U.S. national average of 14. This variability can influence the quality of education, making it an essential factor for families considering moving to the area. For investors and real estate agents, a higher ratio could potentially impact property values as educational quality is a major consideration for homebuyers. Insurance agents might also note these trends as they can impact community risk profiles. Stability in student-to-teacher ratios tends to suggest a more balanced school system, which is a positive indicator for building and development projects.
