Limestone County Real Estate and Livability Trends
Limestone County, Alabama, has seen notable growth in median home values, rising from $142,100 in 2015 to $229,400 in 2022, suggesting a robust local real estate market. The rise in real estate taxes per tax return points to increasing property values or shifting tax policies. Additionally, an upward trend in mortgage counts for principal residences in 2021 indicates a focus on family-friendly... Read more
Limestone County Market Trends
Limestone County, Alabama, has observed significant growth in median home values, rising from $142,100 in 2015 to $229,400 in 2022, outpacing both state and national averages. This surge could suggest a booming local real estate market. Concurrently, the county's average residential energy tax credit shows a notable increase, peaking at $1982.35 in 2018, signaling robust investments in... Read more
Median Value of Occupied Housing Units in Limestone County, Alabama Over the Last 8 Years
Limestone County, Alabama has seen an upward trend in median home values over the last eight years, rising from $142,100 in 2015 to $229,400 in 2022. This growth surpasses both the state of Alabama and national averages, which were $125,500 and $125,500 in 2015, respectively, and reached $179,400 by 2022. The significant increase in Limestone County could indicate a booming local real estate market, potentially making it an attractive destination for investors and new residents looking for growth opportunities.
Residential Energy Tax Credit Per Tax Return in Limestone County, AL Over the Last 9 Years
The average residential energy tax credit per tax return in Limestone County, Alabama has exhibited significant growth over the past 9 years. Starting at $352.22 in 2013, the credit amounts saw a dramatic spike to $821.62 in 2017 and reached a peak of $1982.35 in 2018. While there was a slight decrease in subsequent years, the figures have remained well above the initial values, hovering around the $1000 mark from 2019 to 2021. This trend indicates a growing emphasis on energy-efficient investments for homeowners in this county, making it an attractive area for eco-conscious buyers and investors.
Average Real Estate Taxes Per Tax Return in Limestone County, AL Over the Last 10 Years
Over the past decade, Limestone County, Alabama has experienced a considerable increase in average real estate taxes per tax return. Starting at approximately $1033.37 in 2012, this figure has more than doubled, reaching around $2081.90 by 2021. Notably, there was a sharp rise between 2017 and 2018, as well as a consistent upward trend in subsequent years. This upward trajectory may be indicative of substantial property value growth or changes in tax policies, which could be a crucial consideration for potential investors and residents alike.
Percentage of Farm Returns in Limestone County, AL Over the Last 10 Years
Farm tax returns in Limestone County, Alabama have shown a steady decline over the past decade, dropping from 3.51% in 2012 to 2.36% in 2021. This trend suggests a significant reduction in farming activities or profitability, which might concern investors and those interested in agricultural ventures. It signifies a shift that could impact property values, local economy, and land use regulations. As farm returns decrease, potential investors might need to consider alternative economic opportunities or rethink their strategies in the area.
Number of Mortgages by Occupancy Type in Limestone County, AL Over the Last 5 Years in Limestone County
Over the past five years, Limestone County, Alabama, has shown a tendency toward increasing mortgage counts for principal residences, peaking notably in 2021 with over 10,000 mortgages, before a drop in 2022. Investment properties saw a notable increase between 2018 and 2021 but decreased in 2022. Second residences remained consistently low throughout the period. These shifts in occupancy type can impact property values, tax rates, and community stability, influencing decisions for investors, potential homeowners, and real estate professionals. With principal residences trending higher, developers might focus on family-friendly amenities, while insurers could adjust risk assessments based on residency rates.
Economic Outlook
In Limestone County, Alabama, the average taxable income has risen from $56,920.72 in 2013 to $81,068.00 in 2021, showing a robust economic trajectory. However, the average state and local income taxes per return have also nearly doubled, which could impact cost of living and financial planning. Despite these increased tax liabilities, the area’s poverty rate has significantly decreased to 6.6% by 2022, indicating positive economic development. This combination of rising incomes and declining... Read more
Average Taxable Income per Tax Return in Limestone County, AL over the last 9 years
Over the last nine years, average taxable income per tax return in Limestone County, AL has consistently increased from $56,920.72 in 2013 to $81,068.00 in 2021. This steady growth showcases a robust economic trend, making the area attractive for potential residents and investors seeking a community with rising income levels and economic stability.
Average State and Local Income Taxes Per Tax Return in Limestone County, AL Over the Last 10 Years
Over the past decade, Limestone County, AL has seen a consistent rise in average state and local income taxes per tax return, escalating from $4,132.43 in 2012 to $8,288.10 in 2021. This significant increase, especially notable since 2018, could affect prospective movers and current residents by indicating a higher tax burden in the region, potentially impacting financial planning and cost of living considerations.
Average Total Tax Liability Per Tax Return in Limestone County, AL Over the Last 10 Years
Over the past decade, Limestone County, Alabama has seen a steady increase in the average total tax liability per tax return, climbing from $8,356.58 in 2012 to $12,278.33 in 2021. This upward trend indicates a growing economic base and possibly rising incomes, making the area appealing for investors and new residents. The jump, particularly notable from 2019 to 2021, suggests significant economic development, which can attract businesses looking for robust local markets and a steady workforce. For those interested in building property, this pattern signals a strong long-term tax base, which often translates to better local infrastructure and community services.
Cost of Living in Limestone County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,125 | $1,593 | $2,115 | $1,358 | $1,533 |
| 1 adult 4 children | $1,125 | $1,301 | $1,578 | $1,358 | $1,576 |
| 2 adults 3 children | $1,125 | $1,301 | $1,855 | $1,358 | $1,289 |
| 1 adult 3 children | $1,125 | $1,062 | $1,318 | $1,358 | $1,289 |
| 2 adults 2 children | $855 | $1,065 | $1,595 | $1,183 | $1,053 |
| 1 adult 2 children | $855 | $796 | $1,058 | $1,183 | $985 |
| 2 adults 1 child | $855 | $842 | $1,335 | $613 | $947 |
| 1 adult 1 child | $855 | $544 | $797 | $613 | $767 |
| 2 adults | $724 | $676 | $1,075 | $0 | $791 |
| 1 adult | $612 | $369 | $537 | $0 | $603 |
Safety trends & Data
In Limestone County, Alabama, property crimes have fluctuated over the past five years, with larceny-theft peaking at 221 incidents in 2022. Burglaries saw a dip to just 3 incidents in 2021 before rising to 21 in 2022. Motor vehicle theft, vandalism, and fraud have shown less volatility, maintaining lower and more stable numbers. This variability could be of interest to real estate investors and insurance agents assessing risk, residents evaluating safety, and local authorities planning... Read more
Property Crime Trends in Limestone County, AL Over the Last 5 Years
Over the past five years in Limestone County, Alabama, there's been a noticeable fluctuation in property crimes. Burglary and larceny-theft exhibit significant variability, with larceny-theft peaking at 221 reported incidents in 2022. Meanwhile, burglaries initially decreased from 42 incidents in 2018 to 3 in 2021 before rising again to 21 in 2022. Other categories like motor vehicle theft, vandalism, and fraud have varied less dramatically, maintaining relatively lower numbers. This data might suggest emerging patterns in criminal activities, which could hold value for real estate investors and insurance agents assessing risk, residents evaluating safety, or local authorities strategizing resource allocation.
Demographics
Limestone County, Alabama’s adult population is fairly evenly split between men and women, with a slight male majority. The educational attainment data suggests that a significant portion of the population has at least a high school diploma, though fewer have achieved higher degrees. Age distribution indicates a relatively balanced spread across various age groups, with a larger proportion of residents in the middle age brackets, potentially highlighting a stable working-age population.... Read more
Race Distribution in Limestone County, Alabama (2022)
Educational Attainment in Limestone County, Alabama (2022)
Age Distribution in Limestone County, Alabama
Citizen Population in Limestone County, Alabama (2022)
Political Trends & Data
Limestone County, Alabama, demonstrated a strong conservative preference in the 2020 U.S. Presidential Election, with over 70% of votes going to the Republican party. Democratic support was considerably lower at around 28%, while minor parties barely registered with less than 2%. This political landscape could suggest a predominantly conservative audience in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Limestone County, Alabama, the 2020 U.S. Presidential Election results suggested a strong leaning towards the Republican party, with over 70% of the votes. Democrats trailed significantly, accounting for approximately 28% of the total votes. Minor parties and independent candidates hardly made a showing, capturing less than 2% combined. These figures might imply a predominantly conservative voter base in this region.
70.36% of voters voted for the Republican party in the 2020 Presidential Election
27.77% of voters voted for the Democrat party in the 2020 Presidential Election
1.87% of voters voted for the Other party in the 2020 Presidential Election
School Data
Limestone County, Alabama, has experienced notable shifts in its student-to-teacher ratio, peaking at a striking 65:1 in 2018, well above the national average of 14:1. Although it has since stabilized around 18-19:1, it remains slightly higher than national figures. These trends could impact educational quality and resource allocation, potentially making the area less appealing to young families. For real estate agents and investors, it highlights a key factor to consider when planning and... Read more
Student-to-teacher ratio in Limestone County, Alabama over the last 10 years
Limestone County, Alabama, has seen a significant fluctuation in its student-to-teacher ratio over the past ten years, with a peak of 65 students per teacher in 2018, dramatically above the national average of 14 students per teacher. The ratio stabilized around 18-19 students per teacher in recent years, which is still somewhat higher than the national figure. These variances could pose challenges for educational quality and resource allocation, making the area potentially less attractive for young families considering relocation. For real estate agents, investors, and those involved in educational infrastructure, understanding these trends may be crucial for planning and investment decisions.
