Marshall County Real Estate and Livability Trends
Marshall County, Alabama is seeing a notable rise in median home values, reaching $165,600 in 2022, an attractive figure compared to state and national levels. The real estate market reflects growing property demand, evidenced by rising real estate taxes, though this could pose affordability challenges. Increasing residential energy tax credits, peaking in 2018, suggest a trend towards... Read more
Marshall County Market Trends
Marshall County, Alabama has experienced a steady climb in median home values, increasing to $165,600 in 2022, appealingly below both the Alabama state and national averages. The region's real estate taxes surged over the past decade, reflecting growing property demand, but also raising affordability concerns. Notably, residential energy tax credits peaked dramatically in 2018, pointing to a... Read more
Median Value of Occupied Housing Units in Marshall County, Alabama Over the Last 8 Years
Marshall County, Alabama has seen a steady increase in median home values over the past eight years, growing from $115,500 in 2015 to $165,600 in 2022. This local rise, while significant, still lags compared to both Alabama statewide and national trends, where 2022 values reached $179,400. Potential investors and homebuyers may find Marshall County an appealing location, as the growing value indicates positive market momentum but remains more affordable relative to broader benchmarks.
Residential Energy Tax Credit Per Tax Return in Marshall County, AL Over the Last 9 Years
Investors and homeowners in Marshall County, Alabama, should note the significant fluctuations in residential energy tax credits over the past nine years. Notably, there was a substantial spike in 2018, reaching $1040.00, which likely indicates a surge in residential energy improvement activities. While the tax credit dipped again in subsequent years, it remains relatively high compared to earlier years, suggesting ongoing interest and potential financial incentives for energy-efficient home improvements. This trend underscores a growing emphasis on sustainability and energy efficiency in the region, which can be a compelling factor for new investments and property developments.
Average Real Estate Taxes Per Tax Return in Marshall County, AL Over the Last 10 Years
Marshall County, Alabama's average real estate taxes per tax return have experienced a remarkable upward trend over the last decade. Starting at around $1,059.92 in 2012, taxes have more than doubled by 2021, hitting an average of $2,468.00. Notably, there’s a sharp increase beginning in 2018, where taxes surged from $1,971.60 to $2,197.58 the following year. This consistent rise could suggest a growing demand for property, potentially making it a less affordable but intriguing investment opportunity for those interested in the area.
Percentage of Farm Returns in Marshall County, AL Over the Last 10 Years
In Marshall County, Alabama, the percentage of farm tax returns has shown a consistent downward trend over the past decade, declining from 4.26% in 2012 to 3.50% in 2021. Farm tax returns, which indicate the number of residents filing taxes based on agricultural income, are a key economic indicator. This decrease may suggest a shift in the local economy away from agriculture, which could impact land use, property values, and investment opportunities. For those looking to invest, move to, build property in, or generally interested in Marshall County, understanding this trend is crucial for making informed decisions about the area's economic future and real estate market.
Number of Mortgages by Occupancy Type in Marshall County, AL Over the Last 5 Years in Marshall County
Over the past five years, Marshall County, Alabama, has seen fluctuations in mortgage trends across different occupancy types. Principal residences consistently dominate mortgage counts, but there's noticeable volatility in investment properties and second residences. For investors, understanding this dynamic could hint at shifting economic conditions and potential market openings. Real estate agents and appraisers might find this data useful to evaluate property demand and client needs. Such trends also matter to insurance agents, as occupancy type impacts coverage requirements and risk assessment. The diverse changes imply opportunities and challenges for all stakeholders in Marshall County's real estate market.
Economic Outlook
Marshall County, Alabama has seen an impressive spike in average taxable income per tax return, rising from $42,691.71 in 2013 to $63,358.77 in 2021, suggesting a buoyant local economy. Based on the data, average state and local income taxes per tax return more than tripled over nearly a decade, hinting at policy changes or rising incomes affecting tax obligations. Additionally, the average total tax liability saw a sharp rise, particularly in 2020, which could signal significant economic... Read more
Average Taxable Income per Tax Return in Marshall County, AL over the last 9 years
Marshall County, AL has experienced a notable increase in average taxable income per tax return over the past nine years, growing from $42,691.71 in 2013 to $63,358.77 in 2021. This steady income growth highlights economic resilience and potentially improving living standards, making it an appealing option for potential residents seeking economic stability.
Average State and Local Income Taxes Per Tax Return in Marshall County, AL Over the Last 10 Years
In Marshall County, AL, average state and local income taxes per tax return have seen a steady increase over the past decade, surging from $4,040.15 in 2012 to $12,952.11 in 2021. Notably, there's a sharp rise starting in 2018, with significant jumps each subsequent year. This upward trend highlights a significant shift in the tax landscape, which could impact both current residents and potential movers, indicating higher tax obligations in recent years.
Average Total Tax Liability Per Tax Return in Marshall County, AL Over the Last 10 Years
Over the last decade, Marshall County, Alabama has seen a steady climb in average total tax liability per tax return. Starting at $6,803.31 in 2012, it peaked remarkably in 2021 at $9,842.59. Notably, there was a spike in 2020 reaching $9,591.77, suggesting a significant economic or policy influence during that period. This trend indicates a growing financial burden or increased income levels, reflecting economic changes that are crucial for potential investors, residents, and developers to consider.
Cost of Living in Marshall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $990 | $1,375 | $1,917 | $760 | $1,012 |
| 2 adults 3 children | $990 | $1,124 | $1,682 | $760 | $844 |
| 1 adult 4 children | $990 | $1,123 | $1,430 | $760 | $1,015 |
| 1 adult 3 children | $990 | $917 | $1,194 | $760 | $775 |
| 2 adults 2 children | $740 | $920 | $1,446 | $659 | $732 |
| 2 adults 1 child | $740 | $727 | $1,210 | $329 | $711 |
| 1 adult 2 children | $740 | $687 | $959 | $659 | $601 |
| 1 adult 1 child | $740 | $470 | $723 | $329 | $563 |
| 2 adults | $569 | $584 | $975 | $0 | $635 |
| 1 adult | $565 | $319 | $487 | $0 | $531 |
Safety trends & Data
Property crime rates in Marshall County, Alabama, have generally declined over the past five years, with larceny-theft seeing substantial drops by 2021, though there was a minor uptick in 2022. Burglary arrests dropped sharply post-2018 but have remained unstable since. Variability in fraud and vandalism rates may influence real estate market perceptions, negotiations, and insurance premiums for potential investors or... Read more
Property Crime Trends in Marshall County, AL Over the Last 5 Years
Over the past five years, property crimes in Marshall County, Alabama, show a general decline. Initially high rates, particularly in larceny-theft, dropped significantly by 2021, but saw a slight resurgence in 2022. Burglary arrests dipped sharply after 2018, but have since fluctuated without much stability. Fraud and vandalism also mirrored this downward trend but varied year to year. This shifting crime landscape can impact real estate market perceptions, negotiate appraisals, and influence insurance premiums for those eyeing investments or relocations in the county.
Demographics
Marshall County, Alabama, showcases several compelling demographic trends that highlight its diverse and evolving population. The adult population is nearly evenly split between males and females, with a slight majority being female. Educational attainment indicates a significant portion of residents—about a third—are high school graduates, while a notable percentage, albeit smaller, have advanced degrees. The age distribution shows a balanced spread across various age groups, with... Read more
Race Distribution in Marshall County, Alabama (2022)
Educational Attainment in Marshall County, Alabama (2022)
Age Distribution in Marshall County, Alabama
Citizen Population in Marshall County, Alabama (2022)
Political Trends & Data
Marshall County, Alabama's strong Republican leaning in the 2020 U.S. Presidential Election might point to conservative values influencing the local real estate market. Limited support for Democratic policies could mean buyer preferences could skew towards more traditional, smaller government perspectives. The near absence of votes for Libertarian and Green parties hints at a community that may not prioritize alternative or progressive real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Marshall County, Alabama, the 2020 U.S. Presidential Election results showed a strong leaning towards the Republican party, possibly reflecting conservative values in this region. The Democratic vote share was significantly lower, suggesting limited support for more progressive policies. The presence of votes for Libertarian and Green parties is virtually nonexistent, indicating a lack of traction for third-party candidates.
83.70% of voters voted for the Republican party in the 2020 Presidential Election
14.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marshall County, Alabama has fluctuating student-to-teacher ratios, peaking at nearly 20 in 2022 and slightly declining to around 18 in 2023, notably higher than the national average of 14. This could be a red flag for families valuing education, potentially affecting real estate demand and property values in the area. Larger class sizes may suggest potential impacts on educational quality, hinting at broader implications for community preferences and school funding... Read more
Student-to-teacher ratio in Marshall County, Alabama over the last 10 years
Marshall County, Alabama has seen fluctuating student-to-teacher ratios over the past decade, peaking at nearly 20 in 2022. Though there was a slight decline in 2023 to approximately 18, these numbers are notably higher than the national average of 14 students per teacher. For those considering investment or relocation, this could indicate larger class sizes potentially affecting the quality of education. Real estate agents and builders might note that families prioritizing education could find this ratio less favorable. For appraisers and insurance agents, these demographics might indirectly impact property values and insurance risks due to community preferences and school funding mechanisms.
