Morgan County Real Estate and Livability Trends
Morgan County, Alabama has seen a sharp rise in median home values, from $123,500 in 2015 to $174,800 in 2022, outpacing both state and national trends, which could attract investors seeking higher appreciation rates. The increase in residential energy tax credits, hitting $1483.87 in 2018, suggests a growing focus on energy-efficient investments, appealing to green-conscious buyers. Real estate... Read more
Morgan County Market Trends
Morgan County, Alabama has experienced a steady rise in median home values from $123,500 in 2015 to $174,800 in 2022, outpacing both state and national trends. This growth, especially between 2021 and 2022, might attract investors looking for higher appreciation rates. The area's increasing residential energy tax credits, peaking at $1483.87 in 2018, suggest a strong push for energy-efficient... Read more
Median Value of Occupied Housing Units in Morgan County, Alabama Over the Last 8 Years
Morgan County, Alabama has seen a consistent rise in median home values over the past eight years, moving from $123,500 in 2015 to $174,800 in 2022. This local increase seems to slightly outpace the broader trends in both Alabama and the national market, where the median home values rose from $125,500 to $179,400 over the same period. With a marked rise particularly from 2021 to 2022, prospective investors and residents might find Morgan County an intriguing spot with potentially high appreciation rates compared to state and national benchmarks.
Residential Energy Tax Credit Per Tax Return in Morgan County, AL Over the Last 9 Years
Over the last nine years, Morgan County, Alabama has seen significant increases in residential energy tax credits per tax return. Starting at $352.59 in 2013, these credits have spiked considerably, reaching peaks such as $1483.87 in 2018 and maintaining strong values above $900.00 in recent years. This upward trend highlights a growing emphasis on energy efficiency and renewable energy investments, making the area increasingly attractive for environmentally-conscious investors and residents. The sustained growth in these incentives suggests a supportive policy environment suitable for green building projects.
Average Real Estate Taxes Per Tax Return in Morgan County, AL Over the Last 10 Years
Morgan County, Alabama has seen a notable increase in average real estate taxes per tax return over the past decade. Starting at just over $900 in 2012, the taxes have gradually risen each year, reaching as high as $1623.72 in 2021. A sharp spike between 2017 and 2018 saw the average leap from about $1038.29 to over $1574.18, suggesting potential policy changes or reassessments during that period. This trend may indicate increasing property values or shifts in local tax policy, which could impact investment decisions and living costs for current and future residents.
Percentage of Farm Returns in Morgan County, AL Over the Last 10 Years
Over the last 10 years, Morgan County, Alabama has seen a gradual decline in the percentage of farm tax returns, starting from 2.71% in 2012 to 2.28% in 2021. Farm tax returns, filed by locals engaged in agricultural activities, reflect the segment of the population relying on farming as their primary income. This downward trend could indicate shifts in economic activities or agricultural viability, essential for potential investors, property developers, and residents to consider when making decisions about moving to or investing in the region. With a shrinking proportion of farm-based income, diversification in the economy and adaptive land use strategies may become increasingly significant.
Number of Mortgages by Occupancy Type in Morgan County, AL Over the Last 5 Years in Morgan County
Over the past five years, Morgan County in Alabama has seen a notable decline in the number of mortgages for principal residences, while investment property mortgages have fluctuated. The most significant drop was observed from 2021 to 2022 in principal residence mortgages, potentially signaling economic or market conditions impacting home ownership. Changes in occupancy type are crucial as they reflect shifting priorities and financial stability in the area, crucial for investors, builders, and real estate agents to consider. The consistently lower number of second residence mortgages suggests limited demand in this category, which might influence insurance agents and appraisers in assessing market risk and value.
Economic Outlook
Morgan County, Alabama has seen a notable increase in average taxable income per tax return, rising from $49,961.43 in 2013 to $70,848.01 in 2021, reflecting strong economic growth. State and local income taxes have also surged dramatically, reaching $12,035.68 in 2021, particularly after 2017. Total tax liability per tax return has risen steadily, hitting $10,953.74 in 2021, indicating a growing economic footprint. Fluctuating poverty rates, from a high of 16.1% in 2013 to a low of 10.9% in... Read more
Average Taxable Income per Tax Return in Morgan County, AL over the last 9 years
Morgan County, AL has seen a steady increase in average taxable income per tax return over the past nine years, climbing from $49,961.43 in 2013 to $70,848.01 in 2021. This upward trend indicates a strong economic growth in the region, making it an attractive destination for both new residents and investors. The consistent rise in income levels suggests a robust local job market and potential for a higher standard of living.
Average State and Local Income Taxes Per Tax Return in Morgan County, AL Over the Last 10 Years
Morgan County, AL has seen a significant increase in state and local income taxes per tax return over the past decade, with the average rising from $4,289.65 in 2012 to $12,035.68 in 2021. This notable growth, particularly sharp after 2017, highlights the evolving economic landscape and increasing tax burden in the area. Understanding these trends is crucial for potential movers or current residents as it impacts financial planning and cost of living considerations.
Average Total Tax Liability Per Tax Return in Morgan County, AL Over the Last 10 Years
Over the past decade, Morgan County, Alabama has seen a steady increase in average total tax liability per tax return, with a notable jump from $8,226.57 in 2016 to $10,953.74 in 2021. This upward trend highlights a growing economic footprint in the area, possibly driven by rising income levels or local economic development. Such changes can be essential indicators for potential investors and those considering relocating or building property, as they reflect broader financial and economic shifts.
Cost of Living in Morgan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,061 | $1,488 | $1,946 | $1,358 | $1,297 |
| 1 adult 4 children | $1,061 | $1,215 | $1,451 | $1,358 | $1,332 |
| 2 adults 3 children | $1,061 | $1,216 | $1,707 | $1,358 | $1,079 |
| 1 adult 3 children | $1,061 | $992 | $1,212 | $1,358 | $1,099 |
| 2 adults 2 children | $813 | $995 | $1,468 | $1,183 | $934 |
| 1 adult 2 children | $813 | $743 | $973 | $1,183 | $823 |
| 2 adults 1 child | $813 | $786 | $1,229 | $613 | $826 |
| 1 adult 1 child | $813 | $508 | $734 | $613 | $668 |
| 2 adults | $666 | $632 | $990 | $0 | $682 |
| 1 adult | $637 | $345 | $495 | $0 | $556 |
Safety trends & Data
Over the past five years, property crime in Morgan County, Alabama has largely declined, especially in burglary and larceny-theft. Burglaries decreased dramatically from 74.00 in 2018 to just 5.00 in 2021, although they rose slightly to 25.00 in 2022. Larceny-theft incidents saw a significant drop from 533.00 in 2018 to 47.00 in 2021, with a minor rise to 281.00 in 2022. These trends could point to better law enforcement or shifting socio-economic conditions, factors that could be crucial for... Read more
Property Crime Trends in Morgan County, AL Over the Last 5 Years
Over the past five years, Morgan County, Alabama has seen a noticeable downward trend in several property crime categories, particularly burglary and larceny-theft. The number of burglary incidents decreased from 74.00 in 2018 to just 5.00 in 2021, though it slightly increased to 25.00 in 2022. Larceny-theft, while very high in 2018 at 533.00, dropped significantly to 47.00 by 2021 before a minor uptick to 281.00 in 2022. Motor vehicle thefts have also declined, while vandalism and fraud have seen sporadic fluctuations. These trends may suggest improved law enforcement efficacy or changing socio-economic conditions in the area, which could be particularly relevant for prospective property investors, real estate agents, and local residents.
Demographics
Morgan County, Alabama has a nearly even gender split, with a slight majority of females. The predominant age groups fall between 35 to 64 years, indicating a mature population that might be approaching or currently in their peak earning years. High school education is most common, but there's a significant portion with some college experience. The racial landscape is largely white, but there are meaningful African American and other minority communities... Read more
Race Distribution in Morgan County, Alabama (2022)
Educational Attainment in Morgan County, Alabama (2022)
Age Distribution in Morgan County, Alabama
Citizen Population in Morgan County, Alabama (2022)
Political Trends & Data
Morgan County, Alabama leans heavily Republican, with approximately 75% of votes going to the Republican candidate in the 2020 U.S. Presidential Election. The Democratic candidate garnered around 25% of the votes, indicating a solid conservative preference. Third-party candidates received minimal support, reflecting the dominance of the two major parties in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Morgan County, Alabama appears to lean heavily Republican, with nearly three-quarters of the votes going to the Republican candidate in the 2020 U.S. Presidential Election. The Democratic candidate attracted about a quarter of the votes, suggesting a strong conservative preference in the area. Minimal support for third-party candidates highlights the dominant two-party system in this county.
73.83% of voters voted for the Republican party in the 2020 Presidential Election
24.63% of voters voted for the Democrat party in the 2020 Presidential Election
1.53% of voters voted for the Other party in the 2020 Presidential Election
School Data
Morgan County, Alabama, has seen its student-to-teacher ratio increase from 14 students per teacher in 2014 to a high of 17.59 in 2022, before dropping slightly to 16.59 in 2023. This trend of more crowded classrooms could impact educational resources and property values, making it a critical factor for potential investors, builders, and families. Real estate professionals should consider this data, as higher student-to-teacher ratios might affect the attractiveness and pricing of properties... Read more
Student-to-teacher ratio in Morgan County, Alabama over the last 10 years
Over the last decade, Morgan County, Alabama, has seen an increase in its student-to-teacher ratio, inching upwards from 14 students per teacher in 2014 to peaking at 17.59 in 2022, before slightly declining to 16.59 in 2023. This trend suggests that classrooms have grown more crowded over the years. For potential investors, builders, or families considering moving to the area, this higher-than-average student-to-teacher ratio — compared to the national average of 14 — may indicate potential strain on educational resources or a signal of rising enrollment without a proportional increase in teaching staff. Real estate agents and appraisers may also want to note these figures, as they could impact property values and the appeal of Morgan County’s school districts. Insurers might find this trend relevant as well, considering that educational quality can influence neighborhood desirability and, subsequently, risks associated with property values.
