Lee County Real Estate and Livability Trends
Lee County, Alabama has experienced significant economic growth, evidenced by climbing average taxable incomes from $51,849.81 in 2013 to $76,649.09 in 2021, and corresponding increases in state and local income taxes. Real estate prices have similarly surged, with median home values rising from $154,300 in 2015 to $224,400 in 2022, outpacing broader trends. This robust housing market, supported... Read more
Lee County Market Trends
Lee County, Alabama's median home values have surged from $154,300 in 2015 to $224,400 in 2022, outpacing both state and national trends. Residential energy tax credits reached a high of $2,083.33 in 2018 before stabilizing, signaling increased investments in energy-efficient upgrades. Real estate taxes also nearly doubled over the last decade, suggesting rising property values and improved... Read more
Median Value of Occupied Housing Units in Lee County, Alabama Over the Last 8 Years
The median home values in Lee County, Alabama have seen a consistent upward trend over the past eight years, culminating in a significant increase from $154,300 in 2015 to $224,400 in 2022. When compared to the median home values at the state level, which rose from $125,500 in 2015 to $179,400 in 2022, and the national level, mirroring the state's figures, Lee County appears to be outpacing both state and national growth. This suggests a potentially robust local housing market, making it an intriguing consideration for investors, prospective residents, and property developers.
Residential Energy Tax Credit Per Tax Return in Lee County, AL Over the Last 9 Years
Lee County, Alabama has experienced significant fluctuations in residential energy tax credits per tax return over the last nine years, peaking in 2018 at $2083.33. Notably, the value surged from $862.30 in 2017 to over double that in just one year. Following the peak, there was a noticeable drop but still remained relatively high at $994.94 in 2019, and incrementally rose again to $1213.76 in 2021. This pattern suggests a growing recognition and investment in energy-efficient home improvements, which can be a crucial factor for prospective homeowners and investors looking to capitalize on tax incentives and sustainable living.
Average Real Estate Taxes Per Tax Return in Lee County, AL Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Lee County, Alabama have exhibited a steady upward trend. Starting at around $1,428.86 in 2012, they have almost doubled to $2,715.85 by 2021. Notable is the significant jump in 2018, when taxes rose from $1,694.76 in 2017 to $2,348.86. This upward trend highlights potential rising property values and suggests stronger public infrastructure and services, likely making this area increasingly appealing to both investors and new residents.
Percentage of Farm Returns in Lee County, AL Over the Last 10 Years
Farm tax returns in Lee County, Alabama over the past decade show minimal fluctuation, largely hovering around the 1.05% mark. This steady percentage indicates a consistent level of agricultural activity and economic stability in the region’s farming sector. For investors, property builders, and residents, the stable farm returns suggest a reliable and resilient agricultural sector, potentially translating into sustained land value and economic opportunities.
Number of Mortgages by Occupancy Type in Lee County, AL Over the Last 5 Years in Lee County
Lee County, Alabama has seen fluctuations in mortgage activity across different occupancy types over the last five years. The number of mortgages for principal residences generally shows the highest volume, peaking in 2020 with a count of 11,628. Investment and second residence properties have lower and more variable mortgage counts, suggesting nuanced market dynamics. This variation in occupancy type can impact real estate investment strategies, property valuation, and risk assessments for insurance purposes. Investors might find opportunities or challenges in rental markets depending on these trends, while appraisers and real estate agents could get better insights into the demand for different types of properties. Understanding the shifts in these data could inform better decision-making for potential residents and property developers.
Economic Outlook
Lee County, AL has seen a notable increase in average taxable income per tax return, rising from $51,849.81 in 2013 to $76,649.09 in 2021. This upward trajectory points to significant economic growth, mirrored by more than doubling the state and local income taxes from $4,744.90 in 2012 to $10,453.18 in 2021. Additionally, the average total tax liability per return increased from roughly $7,954.88 in 2012 to approximately $12,604.08 in 2021, reinforcing the region's development and rising... Read more
Average Taxable Income per Tax Return in Lee County, AL over the last 9 years
Lee County, AL has seen a consistent rise in average taxable income per tax return over the past nine years, jumping from $51,849.81 in 2013 to $76,649.09 in 2021. This upward trend indicates a significant economic growth in the area, making it an attractive destination for potential movers seeking robust financial opportunities. Additionally, this increase showcases the county's resilience and potential for continued prosperity, appealing to both existing residents and newcomers.
Average State and Local Income Taxes Per Tax Return in Lee County, AL Over the Last 10 Years
Over the past decade, Lee County, AL has experienced a significant rise in state and local income taxes per tax return. Starting at $4,744.90 in 2012, the average tax per return surged to $10,453.18 by 2021. This trend indicates a more than twofold increase, reflecting broader economic growth, regional development, and possibly rising incomes, which could be critical for individuals and businesses considering relocation or investment in the area.
Average Total Tax Liability Per Tax Return in Lee County, AL Over the Last 10 Years
Over the past decade, Lee County, Alabama has seen a significant upward trend in average total tax liability per tax return, climbing from roughly $7,954.88 in 2012 to approximately $12,604.08 in 2021. This steady increase suggests a growing local economy and potential increases in income levels, making it an attractive spot for investors and those considering a move. As property values and overall development follow economic trends, understanding this growth trajectory can provide insightful guidance for real estate ventures in the county.
Cost of Living in Lee County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,327 | $1,637 | $2,090 | $1,395 | $1,554 |
1 adult 4 children | $1,327 | $1,337 | $1,559 | $1,395 | $1,595 |
2 adults 3 children | $1,327 | $1,337 | $1,833 | $1,395 | $1,308 |
1 adult 3 children | $1,327 | $1,092 | $1,302 | $1,395 | $1,339 |
2 adults 2 children | $992 | $1,095 | $1,576 | $1,211 | $1,063 |
1 adult 2 children | $992 | $818 | $1,045 | $1,211 | $997 |
2 adults 1 child | $992 | $865 | $1,319 | $613 | $950 |
1 adult 1 child | $992 | $559 | $788 | $613 | $758 |
2 adults | $774 | $695 | $1,062 | $0 | $755 |
1 adult | $722 | $379 | $531 | $0 | $599 |
Safety trends & Data
In Lee County, Alabama, property crime incidents such as larceny-theft, burglary, and motor vehicle theft have generally declined over the past five years, although fluctuations persist. Larceny-theft dropped dramatically from 593 cases in 2018 to 174 in 2021, only to slightly rise in 2022. Burglary cases fell from 62 in 2018 to 21 in 2020 before climbing to 51 by 2022, while motor vehicle thefts saw a peak of 42 in 2018, dipped to 9 in 2020, and then increased to 34 in 2022. These trends are... Read more
Property Crime Trends in Lee County, AL Over the Last 5 Years
Property crime trends in Lee County, Alabama, highlight an overall decline in incidents such as larceny-theft, burglary, and motor vehicle theft over the last five years, though there have been fluctuations year-to-year. Larceny-theft, still the most frequently reported crime, showed a sharp decrease from 593 cases in 2018 to a low of 174 in 2021, before slightly rising again in 2022. Burglary incidents also saw a significant drop from 62 in 2018 to 21 in 2020, with a rebound to 51 by 2022. Motor vehicle thefts followed a similar trend, peaking at 42 in 2018 and dipping to just 9 in 2020 before rising to 34 in 2022. This data can guide real estate agents, investors, and insurance agents in understanding neighborhood safety dynamics and property values, making it crucial for informed decision-making.
Demographics
Lee County, Alabama, presents an almost equal distribution of adult males and females, suggesting a balanced gender ratio. The educational attainment data reveals that a significant portion of the population holds a bachelor's degree or higher, which could correlate with the local job market demanding a higher education level. Age distribution shows a notable concentration in the 20 to 34-year age range, likely driven by the presence of academic institutions and related employment... Read more
Race Distribution in Lee County, Alabama (2022)
Educational Attainment in Lee County, Alabama (2022)
Age Distribution in Lee County, Alabama
Citizen Population in Lee County, Alabama (2022)
Political Trends & Data
Lee County, Alabama likely experiences a strong conservative influence in its real estate market, given its notable Republican lean of nearly 59% in the 2020 Presidential Election. However, the close to 40% Democratic vote also points to a fairly competitive landscape. This political diversity could impact local housing policies and development strategies, potentially attracting varied demographics and influencing market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lee County, Alabama saw a significant lean towards the Republican party in the 2020 Presidential Election, with nearly 59% of the votes. Democrats managed to garner close to 39%, leaving only a small fraction under 2% for other parties. This voting pattern might suggest a strong conservative presence, yet the nearly 40% Democratic showing indicates a notable level of competition.
59.09% of voters voted for the Republican party in the 2020 Presidential Election
38.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.91% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lee County, Alabama has seen a steady rise in the student-to-teacher ratio over the past decade, peaking at 18 students per teacher in 2022 before slightly improving to 17 in 2023. This trend could indicate that classrooms are becoming more crowded compared to the national average of 14. This shift may affect teaching effectiveness and student outcomes, a critical consideration for families relocating, investors evaluating property values, and insurers assessing school infrastructure demand.... Read more
Student-to-teacher ratio in Lee County, Alabama over the last 10 years
Lee County, Alabama has experienced a gradual increase in the student-to-teacher ratio over the last decade, peaking at 18 in 2022 before slightly improving to 17 in 2023. This trend generally suggests that classrooms in Lee County may be getting more crowded compared to the national average of 14 students per teacher. Such shifts can impact teaching effectiveness, student outcomes, and could be a crucial factor for families considering relocation, investors assessing educational quality in relation to property values, and insurers evaluating the demand on school infrastructure. Higher ratios might also signal potential stress on teachers and reflect budgetary adjustments.