Lowndes County Real Estate and Livability Trends
Lowndes County, Alabama has seen its median home values rise from $67,800 in 2015 to $83,400 in 2022, a modest gain compared to the state’s jump from $125,500 to $179,400, making it an appealing affordable investment hub. Notably, the average residential energy tax credit per tax return spiked from $463.64 in 2013 to $1,970.00 by 2018, reflecting a significant interest in energy-efficient home... Read more
Lowndes County Market Trends
Lowndes County, Alabama has seen its median home values rise from $67,800 in 2015 to $83,400 in 2022, a relatively modest increase compared to the state's growth from $125,500 to $179,400. This could make Lowndes an attractive, more affordable investment prospect. Interestingly, the average residential energy tax credit per tax return surged from $463.64 in 2013 to $1,970.00 in 2018, signaling... Read more
Median Value of Occupied Housing Units in Lowndes County, Alabama Over the Last 8 Years
Lowndes County, Alabama appears to have experienced a relatively variable market in median home values over the past eight years, going from $67,800 in 2015 to $83,400 in 2022. This contrasts with Alabama's state values, which have shown a steadier and overall higher increase from $125,500 to $179,400 during the same period. National median home values likewise saw more consistent growth, climbing from $125,500 in 2015 to $179,400 by 2022. Prospective buyers or investors might be intrigued by Lowndes County’s emerging home values, potentially hinting at more affordable investment opportunities compared to broader state and national levels. These price points could be particularly appealing for those looking to capitalize on potential upward trends in a less saturated market.
Residential Energy Tax Credit Per Tax Return in Lowndes County, AL Over the Last 9 Years
Over the past nine years, Lowndes County, Alabama, has seen a notable increase in the average residential energy tax credit per tax return. Starting from $463.64 in 2013, the average credit peaked at $1,970.00 by 2018, with slight fluctuations in the following years. This surge highlights heightened investment in energy-efficient home improvements, indicating both a growing awareness and adoption of sustainable practices in the region. For investors and homeowners, this trend underscores the potential benefits of energy-efficient investments in Lowndes County.
Average Real Estate Taxes Per Tax Return in Lowndes County, AL Over the Last 10 Years
Over the past decade, Lowndes County, Alabama has seen a generally rising trend in average real estate taxes per tax return. Starting at $879.69 in 2012, the average peaked at $1,241.67 in 2020, reflecting an overall upward trajectory with minor fluctuations. 2018 marked a significant spike to $1,200.00, suggesting either an increase in property values, adjustments in tax rates, or both. This rise in real estate taxes could indicate an expanding real estate market, which may be of particular interest to potential investors and those considering relocating or developing property in the area.
Percentage of Farm Returns in Lowndes County, AL Over the Last 10 Years
Over the last decade, the percentage of farm returns in Lowndes County, Alabama has mostly hovered around 6%, with slight fluctuations. Farm tax returns represent the proportion of tax filings attributed to farm-related income, reflecting the agricultural sector's economic footprint in the area. Notably, 2014 saw the highest rate at 6.45%, indicating a peak in agricultural income that year. Conversely, the lowest return rate appeared in 2020 at 5.51%, highlighting a dip that could be pertinent to market conditions or other factors. This trend is crucial for potential investors, developers, and residents considering the economic landscape and potential growth opportunities within the county's agricultural sector.
Number of Mortgages by Occupancy Type in Lowndes County, AL Over the Last 5 Years in Lowndes County
In Lowndes County, Alabama, the trend over the past five years shows a steady increase in the number of mortgages for principal residences, peaking in 2021. Investment properties and second residences have seen sporadic activity, with investment property mortgages slightly declining or flatlining, and second residences showing a notable drop in 2022. Such changes in occupancy type can provide insights into the county's housing market dynamics, buyer priorities, and economic conditions. For those looking to invest, build, or appraise property, understanding these shifts may help to identify emerging opportunities or risks in the market.
Economic Outlook
Lowndes County, Alabama has experienced a noticeable upswing in average taxable income per tax return over the past decade, indicating a strengthening local economy. Despite this economic growth, there's been a substantial rise in state and local income taxes, which surged from $2,760.53 in 2012 to $6,766.67 by 2021. Additionally, fluctuating but generally increasing total tax liabilities, peaking at $6,635.69 in 2016, may influence financial planning for both current and prospective residents.... Read more
Average Taxable Income per Tax Return in Lowndes County, AL over the last 9 years
Over the past nine years, Lowndes County, AL has seen a noticeable increase in the average taxable income per tax return, rising from $35,531.19 in 2013 to $45,848.67 in 2021. This steady growth reflects an economic strengthening in the area, making it an appealing option for potential residents seeking financial stability and opportunities.
Average State and Local Income Taxes Per Tax Return in Lowndes County, AL Over the Last 10 Years
In Lowndes County, AL, average state and local income taxes per tax return have seen a significant rise over the past decade, increasing from $2,760.53 in 2012 to $6,766.67 in 2021. This upward trend highlights a substantial increase in the tax burden on residents, which might impact financial planning and cost of living considerations for current and prospective residents.
Average Total Tax Liability Per Tax Return in Lowndes County, AL Over the Last 10 Years
Over the last decade, Lowndes County, Alabama has seen a fluctuating but overall upward trend in the average total tax liability per tax return. Starting at $4,462.09 in 2012, it peaked at $6,635.69 in 2016, dipped slightly in the subsequent years, and climbed back to $6,298.08 by 2021. This increase in tax liability reflects broader economic changes and could impact the decisions of potential investors, homeowners, and businesses considering moving to or expanding in the area.
Cost of Living in Lowndes County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $915 | $1,560 | $1,885 | $1,201 | $1,254 |
1 adult 4 children | $915 | $1,274 | $1,406 | $1,201 | $1,282 |
2 adults 3 children | $915 | $1,275 | $1,654 | $1,201 | $1,030 |
1 adult 3 children | $915 | $1,041 | $1,174 | $1,201 | $1,041 |
2 adults 2 children | $720 | $1,043 | $1,422 | $1,045 | $914 |
1 adult 2 children | $720 | $779 | $943 | $1,045 | $812 |
2 adults 1 child | $720 | $825 | $1,191 | $537 | $830 |
1 adult 1 child | $720 | $533 | $711 | $537 | $648 |
2 adults | $602 | $663 | $960 | $0 | $688 |
1 adult | $528 | $361 | $480 | $0 | $534 |
Safety trends & Data
Property crimes in Lowndes County, Alabama have shown notable fluctuations over the last five years, with Larceny-Theft spiking to 9 incidents in 2022—a potential red flag for investors and residents. Burglary has significantly declined since 2018, while Stolen Property incidents have varied slightly but remain low. Motor Vehicle Theft is relatively rare. Despite sporadic occurrences, fraud and vandalism persist, presenting considerations for insurance agents and property developers in their... Read more
Property Crime Trends in Lowndes County, AL Over the Last 5 Years
Over the last five years in Lowndes County, Alabama, property crimes show notable fluctuations. Larceny-Theft consistently appears each year with a significant spike to 9 incidents in 2022, indicating a potential area of concern for potential investors or residents. Burglary incidents dropped markedly after 2018, whereas instances of Stolen Property slightly varied, maintaining a small presence. Motor Vehicle Theft remains relatively infrequent. The persistence of fraud and vandalism, though sporadic, points to ongoing issues requiring attention, particularly for insurance agents and property builders considering risk assessment.
Demographics
Lowndes County, Alabama shows a near-even gender distribution, with females slightly outnumbering males. The educational attainment data suggests a potentially constrained workforce, as a majority holds no more than a high school diploma, while those possessing higher degrees are fewer in number. Residents tend to skew older, with a significant proportion above 55 years, hinting at potential challenges for economic rejuvenation. Racial demographics are predominantly Black or African American,... Read more
Race Distribution in Lowndes County, Alabama (2022)
Educational Attainment in Lowndes County, Alabama (2022)
Age Distribution in Lowndes County, Alabama
Citizen Population in Lowndes County, Alabama (2022)
Political Trends & Data
Lowndes County, Alabama, leaned significantly towards the Democratic Party in the 2020 U.S. Presidential Election, with roughly 73% of the votes. Republicans captured just under 27%, while other parties barely made an impact. This considerable preference for Democratic candidates could indicate strong local backing for progressive policies, setting it apart from other counties in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lowndes County, Alabama, exhibited a striking tendency towards the Democratic Party in the 2020 U.S. Presidential Election, with around 73% of the votes. Republicans garnered just under 27%, while other parties barely registered on the radar. This significant lean towards Democrats might suggest strong local support for progressive policies compared to other counties in Alabama.
26.86% of voters voted for the Republican party in the 2020 Presidential Election
72.74% of voters voted for the Democrat party in the 2020 Presidential Election
0.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Lowndes County, Alabama, the student-to-teacher ratio has fluctuated significantly over the last decade, peaking at 21 in 2019. Consistently above the national average of 14, this higher ratio could imply larger class sizes, affecting the individualized attention students receive. For developers, this may indicate a need for more educational infrastructure, while real estate agents might use these insights to highlight potential benefits or drawbacks when marketing properties. This trend is... Read more
Student-to-teacher ratio in Lowndes County, Alabama over the last 10 years
Over the last decade, the student-to-teacher ratio in Lowndes County, Alabama has fluctuated, peaking at 21 in 2019 and generally hovering above the national average of 14. This higher ratio could indicate larger class sizes, potentially impacting the quality of education and individualized attention students receive. For investors and developers, these trends might suggest a demand for more educational infrastructure. Real estate agents could highlight the benefits or drawbacks of these ratios when marketing properties, while insurance agents might consider the potential for higher claims if educational standards lead to economic impacts in the community. This data can also guide appraisors and those considering relocation in understanding the local educational environment in comparison with national trends.