Montgomery County Real Estate and Livability Trends
Montgomery County, Alabama's economic landscape has shown significant shifts, with average taxable incomes rising from $48,961.89 in 2013 to $66,888.25 in 2021. Real estate taxes per return nearly doubled during this period, hinting at appreciating property values or new tax policies. The median home value climbed from $122,300 in 2015 to $151,300 in 2022, suggesting potential undervaluation... Read more
Montgomery County Market Trends
In Montgomery County, Alabama, the median home value climbed from $122,300 in 2015 to $151,300 in 2022, hinting at potential undervaluation compared to the state and national medians of $179,400. Interestingly, residential energy tax credits saw an impressive spike, jumping from $384.18 in 2013 to $1,754.44 in 2018, suggesting a strong focus on energy efficiency. Meanwhile, real estate taxes per... Read more
Median Value of Occupied Housing Units in Montgomery County, Alabama Over the Last 8 Years
In Montgomery County, Alabama, the median home value experienced a gradual increase from $122,300 in 2015 to $151,300 in 2022. While this nearly 24% rise aligns with broader appreciation trends, it's worth noting that Montgomery County's current median value is still below both the state and national figures for 2022, which are $179,400. This could indicate potential undervaluation relative to broader markets, offering intriguing prospects for investors and homebuyers willing to bank on future growth in the region.
Residential Energy Tax Credit Per Tax Return in Montgomery County, AL Over the Last 9 Years
Over the past nine years, Montgomery County, Alabama has seen a significant rise in the average residential energy tax credit per tax return. Starting at $384.18 in 2013, the credit spiked dramatically in 2018 to $1,754.44, reflecting a growing investment in energy-efficient home improvements. Despite fluctuations, even the lower years consistently exceeded initial levels, showcasing a sustained commitment to energy efficiency and potential savings for homeowners. This trend could be a strong incentive for investors, builders, and new residents looking to capitalize on energy cost reductions and environmental benefits.
Average Real Estate Taxes Per Tax Return in Montgomery County, AL Over the Last 10 Years
Montgomery County, Alabama has seen a consistent rise in average real estate taxes per tax return over the past decade. Starting at $1,019.67 in 2012, they saw a notable increase to $2,132.31 by 2021. This upward trajectory might hint at appreciating property values or changes in tax policies, making it a point of interest for real estate investors and potential homebuyers keen to understand the region's economic landscape.
Percentage of Farm Returns in Montgomery County, AL Over the Last 10 Years
Montgomery County, Alabama has seen relatively stable percentages of farm tax returns over the last decade, oscillating slightly around 1.0%. The highest point was in 2017 at 1.02%, while the lowest was in 2020 at 0.87%. Farm tax returns, the portion of tax filings coming from agricultural operations, offer insight into the local agricultural economy and land use. A consistent percentage around 1.0% suggests a steady agricultural presence, making Montgomery County a reliable spot for those interested in investment opportunities related to agriculture or rural development. Understanding these trends helps indicate the stability and potential growth of the agricultural sector, which is particularly valuable for prospective investors, land developers, and residents.
Number of Mortgages by Occupancy Type in Montgomery County, AL Over the Last 5 Years in Montgomery County
Montgomery County, Alabama has seen fluctuations in mortgage counts over the past five years, especially in the 'Principal Residence' category, which peaked in 2021 with 12,264 before dropping to 8,265 in 2022. Investment property mortgages also saw significant variation, with numbers declining from 1,405 in 2021 to 1,203 in 2022. Such changes in occupancy type can highlight shifting priorities among homeowners and investors, impacting everything from local real estate markets to insurance risk assessments. For property developers and realtors, understanding these trends helps in predicting demand and tailoring strategies to target the most active segments.
Economic Outlook
Montgomery County, Alabama's economic landscape has been shifting, with average taxable incomes rising impressively from $48,961.89 in 2013 to $66,888.25 in 2021, highlighting potential income growth for residents. Coupled with this, state and local income taxes per tax return have nearly doubled from $4,290.17 in 2012 to $9,724.26 in 2021, suggesting significant economic changes or policy shifts. Real estate investors and potential residents might find these trends encouraging, reflecting both... Read more
Average Taxable Income per Tax Return in Montgomery County, AL over the last 9 years
Over the last nine years, the average taxable income per tax return in Montgomery County, AL has shown a steady increase, surging from $48,961.89 in 2013 to $66,888.25 in 2021. Key growth milestones are observed in 2014, 2016, and particularly between 2020 and 2021, which saw the most significant jump. This upward trend reflects a generally improving economic condition in the county, making it more attractive for potential residents seeking increasing income potential.
Average State and Local Income Taxes Per Tax Return in Montgomery County, AL Over the Last 10 Years
Montgomery County, AL has seen a steady increase in state and local income taxes per tax return over the past decade, with significant jumps in recent years. From $4,290.17 in 2012 to $9,724.26 in 2021, the sharp rise post-2017 is particularly noteworthy, indicating potential economic changes or policy adjustments. This trend is crucial for potential movers and current residents as it reflects both the tax landscape and possibly broader economic shifts within the county.
Average Total Tax Liability Per Tax Return in Montgomery County, AL Over the Last 10 Years
Over the past decade, Montgomery County, Alabama has seen a steady increase in average total tax liability per tax return, peaking at $11,698.34 in 2021. The consistent rise, except for a slight dip in 2019, underscores economic growth and potential increases in personal income levels. This trend can attract investors and potential residents by highlighting a stable and possibly improving economic climate, making Montgomery County an attractive location for property investment and relocation.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,229 | $1,540 | $2,005 | $1,175 | $1,309 |
| 1 adult 4 children | $1,229 | $1,258 | $1,495 | $1,175 | $1,333 |
| 2 adults 3 children | $1,229 | $1,258 | $1,759 | $1,175 | $1,086 |
| 1 adult 3 children | $1,229 | $1,027 | $1,249 | $1,175 | $1,096 |
| 2 adults 2 children | $968 | $1,030 | $1,512 | $1,022 | $938 |
| 1 adult 2 children | $968 | $769 | $1,003 | $1,022 | $839 |
| 2 adults 1 child | $968 | $814 | $1,266 | $526 | $861 |
| 1 adult 1 child | $968 | $526 | $756 | $526 | $683 |
| 2 adults | $809 | $654 | $1,020 | $0 | $718 |
| 1 adult | $709 | $357 | $510 | $0 | $565 |
Safety trends & Data
Montgomery County, Alabama, has seen striking shifts in property crime over recent years, with burglary incidents dropping from 107 in 2018 to just 10 in 2022, and larceny-theft arrests decreasing dramatically from 327 in 2019 to 14 in 2022. Vandalism and fraud cases fluctuated but stayed relatively low. These crime rate trends could potentially influence real estate values, investment choices, and insurance costs, offering a nuanced scenario for those in the property... Read more
Property Crime Trends in Montgomery County, AL Over the Last 5 Years
Montgomery County, Alabama, has experienced significant fluctuations in property crime over the last five years, notably in categories such as burglary and larceny-theft. The number of burglary incidents dropped dramatically from 107 in 2018 to just 10 in 2022, while larceny-theft saw a high of 327 arrests in 2019 and then plummeted to 14 by 2022. Vandalism and fraud cases show inconsistent trends but remain relatively low compared to other crimes. These shifts could impact real estate valuations, investment decisions, and insurance premiums, providing a complex picture for stakeholders interested in property-related activities in the area.
Demographics
Montgomery County, Alabama, displays intriguing demographic trends. The female population slightly outnumbers males. Educationally, a significant portion of the population has attained at least a high school diploma, with a noticeable number holding bachelor’s and graduate degrees. Age-wise, there seems to be a relatively balanced distribution across various age groups, though individuals aged 25-34 represent a larger segment. Racially, the county's composition is diverse with Black or... Read more
Race Distribution in Montgomery County, Alabama (2022)
Educational Attainment in Montgomery County, Alabama (2022)
Age Distribution in Montgomery County, Alabama
Citizen Population in Montgomery County, Alabama (2022)
Political Trends & Data
Montgomery County, Alabama, demonstrated a marked preference for the Democratic party in the 2020 Presidential Election, capturing roughly 65% of the votes. Republicans garnered about 34%, and third-party candidates managed just over 1%. This strong Democratic leaning might be reflective of broader demographic or societal changes within the county, potentially impacting various facets of local dynamics, including the real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Montgomery County, Alabama saw a notable leaning towards the Democratic party in the 2020 Presidential Election, with approximately 65% of the votes. Republicans trailed behind with around 34%, while third-party candidates barely made a dent in the results, securing just over 1%. This significant tilt could suggest underlying demographic or societal shifts that might be influencing voter behavior in the area.
33.60% of voters voted for the Republican party in the 2020 Presidential Election
65.09% 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
Over the last decade, Montgomery County, Alabama's student-to-teacher ratio peaked at nearly 20 students per teacher in 2022, dropping to about 18 in 2023, still above the national average of 14. These larger class sizes might impact teacher workload and student attention, which could influence property values and community appeal. Real estate agents and appraisers might factor in these educational metrics when assessing market... Read more
Student-to-teacher ratio in Montgomery County, Alabama over the last 10 years
Over the last decade, Montgomery County, Alabama has seen its student-to-teacher ratio fluctuate, peaking at nearly 20 students per teacher in 2022 before dropping to approximately 18 students per teacher in 2023. Compared to the national average of 14 students per teacher, Montgomery County's higher ratios could indicate larger class sizes, potentially impacting teacher workload and student attention. These trends may have implications for those looking to invest, move, or build in the area, as the quality of local education often influences property values and community appeal. Real estate agents and appraisers might also consider these educational metrics when assessing market conditions, while insurance agents take them into account for neighborhood risk profiles.
