Lawrence County Real Estate and Livability Trends
Lawrence County, Alabama's real estate market offers a unique opportunity for investors, with median home values climbing steadily from $94,800 in 2015 to $134,200 in 2022, though still below statewide and national figures, making it attractive for those seeking less saturated markets. The increase in taxable income per return and the rise in state/local income taxes signal economic growth,... Read more
Lawrence County Market Trends
Lawrence County, Alabama has experienced a steady increase in median home values, rising from $94,800 in 2015 to $134,200 in 2022, though still lagging behind state and national averages. This gap could be appealing for investors seeking less saturated markets. Meanwhile, energy tax credits per return peaked at $1,627.27 in 2018, highlighting rising investments in energy-efficient homes, an... Read more
Median Value of Occupied Housing Units in Lawrence County, Alabama Over the Last 8 Years
Over the past eight years, Lawrence County, Alabama has seen a steady rise in median home values from $94,800 in 2015 to $134,200 in 2022. While this upward trend reflects a healthy local real estate market, home values in Lawrence County still trail behind state and national averages. For instance, in 2022, the median home value in Alabama was $179,400, and across the United States, it reached $179,400. This disparity may offer potential investment opportunities for those looking to enter a less saturated and potentially more affordable market.
Residential Energy Tax Credit Per Tax Return in Lawrence County, AL Over the Last 9 Years
Over the past nine years in Lawrence County, Alabama, the average residential energy tax credit per tax return has shown a significant increase, peaking at $1,627.27 in 2018. Although there was a slight decline afterward, it remains considerably higher than early years, indicating a strong trend towards energy-efficient investments. This uptick is crucial for potential investors and homeowners, as it suggests a maturing market that values sustainable living, potentially driving up property values and offering long-term cost savings on energy bills.
Average Real Estate Taxes Per Tax Return in Lawrence County, AL Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Lawrence County, Alabama, have seen a noticeable upward trend, with a significant jump from around $600.88 in 2012 to $1,108.82 by 2021. This steady increase, particularly sharp between 2017 and 2020, indicates a rise in property values or tax rates, which could imply a growing economy or increased public expenditures. Investors and potential homeowners might consider this an indicator of increasing demand and potentially higher returns, while current residents could view this as a signal of a booming local market but also higher living costs.
Percentage of Farm Returns in Lawrence County, AL Over the Last 10 Years
Lawrence County, Alabama has seen a slight but notable decline in the percentage of farm tax returns over the past decade, dipping from 9.78% in 2012 to 8.89% by 2021. Farm tax returns reflect the proportion of tax filings related to agricultural activities, signaling shifts in the local economy. This trend could imply a decrease in farming activities or a diversification of the county's economic base. Investors, prospective property builders, and residents should take note of these patterns as they may impact local land value, economic opportunities, and community demographics.
Number of Mortgages by Occupancy Type in Lawrence County, AL Over the Last 5 Years in Lawrence County
Lawrence County, Alabama has shown varied trends in mortgage counts over the past five years, with principal residence mortgages largely dominating the market. Despite minor fluctuations, the demand for investment properties has remained relatively stable, while interest in second residences appears to be declining. These shifts are significant for investors evaluating the stability and growth potential in this area, as well as for appraisers and insurance agents assessing market dynamics. A higher prevalence of principal residence mortgages indicates a stronger local community and may suggest lower market volatility, making it a potentially safer bet for conservative investments and developments. Conversely, the steady interest in investment properties could signal consistent rental income opportunities for landlords.
Economic Outlook
Lawrence County, Alabama shows promising economic growth with average taxable income per tax return rising from $43,038.06 in 2013 to $55,192.84 in 2021. This increase in earning potential is paired with a significant rise in average state and local income taxes, jumping from $3,296.83 in 2012 to $6,644.44 in 2021, suggesting residents should weigh their tax liabilities. Consistently higher total tax liabilities per tax return, climbing from $5,236.08 in 2012 to $6,837.22 in 2021, may indicate... Read more
Average Taxable Income per Tax Return in Lawrence County, AL over the last 9 years
Lawrence County, AL has experienced a notable upward trend in average taxable income per tax return, increasing from $43,038.06 in 2013 to $55,192.84 in 2021. This rise in income, particularly the significant jump seen in 2021, suggests economic growth and improved earning potential for residents. For those considering moving to the area, the consistent year-over-year growth indicates a strengthening local economy and potentially better job opportunities.
Average State and Local Income Taxes Per Tax Return in Lawrence County, AL Over the Last 10 Years
Lawrence County, AL has seen a significant increase in average state and local income taxes per tax return over the past decade. From $3,296.83 in 2012, taxes have surged to $6,644.44 by 2021. This trend indicates a rising financial impact on residents, highlighting the importance for potential movers and current inhabitants to consider escalating tax liabilities in their planning.
Average Total Tax Liability Per Tax Return in Lawrence County, AL Over the Last 10 Years
Lawrence County, Alabama has seen a consistent rise in average total tax liability per tax return over the past decade, with figures increasing from $5,236.08 in 2012 to $6,837.22 in 2021. This gradual uptrend suggests a growing economy and potentially higher average incomes in the area, making it an attractive location for new investments and property development. For those considering a move, the increasing tax liabilities may reflect an improving standard of living and more robust public services.
Cost of Living in Lawrence County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $936 | $1,303 | $1,946 | $1,403 | $1,223 |
| 1 adult 4 children | $936 | $1,064 | $1,451 | $1,403 | $1,266 |
| 2 adults 3 children | $936 | $1,064 | $1,707 | $1,403 | $1,021 |
| 1 adult 3 children | $936 | $869 | $1,212 | $1,403 | $1,046 |
| 2 adults 2 children | $717 | $871 | $1,468 | $1,222 | $905 |
| 1 adult 2 children | $717 | $651 | $973 | $1,222 | $795 |
| 2 adults 1 child | $717 | $689 | $1,229 | $633 | $797 |
| 1 adult 1 child | $717 | $445 | $734 | $633 | $648 |
| 2 adults | $587 | $553 | $990 | $0 | $655 |
| 1 adult | $562 | $302 | $495 | $0 | $536 |
Safety trends & Data
In Lawrence County, Alabama, property crime trends reveal some notable fluctuations over the past five years. Burglary and larceny-theft incidents saw declines followed by upticks, with larceny-theft peaking at 40.0 incidents in 2018 and 36.0 in 2022. Conversely, fraud incidents were high in 2018 and 2019 but dropped significantly afterwards. Motor vehicle thefts have remained consistently low. These patterns could influence property investments, insurance rates, and community safety... Read more
Property Crime Trends in Lawrence County, AL Over the Last 5 Years
In the past five years, Lawrence County, Alabama has seen fluctuations in various property crimes. Most notably, burglary and larceny-theft have shown declines and then upticks, with larceny-theft peaking at 40.0 incidents in 2018 and again at 36.0 in 2022, contrasted with lows in 2020. Fraud incidents were relatively high in 2018 and 2019 but dropped significantly in subsequent years. The incidence of motor vehicle thefts remains relatively low but consistent. These trends suggest potential areas of concern for property investments, insurance considerations, and community safety initiatives.
Demographics
In Lawrence County, Alabama, the male and female populations are relatively balanced, with slightly more females. Educational attainment shows a skew towards high school graduates and some college experience, though fewer adults hold bachelor's or advanced degrees. The age distribution indicates a mature population, with significant numbers in the 45-64 age range. Regarding race, the county is predominantly white, with smaller representations of Black or African American and American Indian and... Read more
Race Distribution in Lawrence County, Alabama (2022)
Educational Attainment in Lawrence County, Alabama (2022)
Age Distribution in Lawrence County, Alabama
Citizen Population in Lawrence County, Alabama (2022)
Political Trends & Data
Lawrence County, Alabama, showcased a dominant Republican preference in the 2020 U.S. Presidential Election, with around 77% of voters backing the GOP candidate. In contrast, the Democratic candidate secured just about 22% of the votes. Minor parties barely registered, suggesting a strong Republican leaning among the local electorate. This emphasis on conservative values could influence local real estate trends and community preferences, potentially affecting property demands and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lawrence County, Alabama, exhibited strong support for the Republican candidate in the 2020 U.S. Presidential Election, with nearly 77% of the votes. The Democratic candidate, meanwhile, garnered around 22%, highlighting a significant gap between the two major parties. Minor parties like Libertarians and Greens, along with other options, barely made a showing, collectively accounting for a negligible portion of the vote. This suggests a predominant Republican inclination in the area's voter base.
76.86% of voters voted for the Republican party in the 2020 Presidential Election
22.22% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lawrence County, Alabama has experienced fluctuations in its student-to-teacher ratio, peaking at 17 students per teacher in 2015 before stabilizing slightly above the national average of 14. Recently, the ratio has hovered between 15 and 17 students per teacher, indicating varying classroom crowding that may affect educational quality. This metric could be essential for prospective residents, investors, or workers, as it potentially influences property values and insurance aspects tied to... Read more
Student-to-teacher ratio in Lawrence County, Alabama over the last 10 years
Lawrence County, Alabama has seen notable fluctuations in its student-to-teacher ratio over the past decade. The ratio peaked at 17 students per teacher in 2015 before decreasing and stabilizing slightly above the national average of 14 students per teacher. Recently, the ratio has hovered between 15 and 17 students per teacher. These changes suggest varying levels of classroom crowding, which could impact educational quality and the focus each student receives. For those looking to relocate, invest, or work in this county, the student-to-teacher ratio is a key indicator of the educational environment, potentially influencing property values and insurance specifics due to linked community desirability and stress on local resources.
