Perry County Real Estate and Livability Trends
Perry County, Alabama's real estate market presents intriguing dynamics. Median home values have shifted from $66,300 in 2013 to $81,700 in 2021, offering volatile yet affordable investment opportunities compared to state and national averages. Rising energy tax credits peaking at $1,850.00 in 2018 indicate increasing incentives for energy-efficient homes. Real estate taxes have surged from... Read more
Perry County Market Trends
Perry County, Alabama's housing market has seen considerable fluctuation over the past eight years, with median home values rising from $66,300 to $81,700. Compared to Alabama's steady climb from $125,500 to $179,400 and the national rise from $149,600 to $157,100, Perry County offers more volatile investment opportunities with potentially lower entry points. Energy tax credits per tax return... Read more
Median Value of Occupied Housing Units in Perry County, Alabama Over the Last 8 Years
Perry County's housing market has seen considerable fluctuations over the past eight years, with median home values jumping from $66,300 in 2015 to $81,700 in 2022, peaking and dipping in between. Compared to Alabama's steady climb from $125,500 to $179,400 and the national rise from $149,600 to $157,100 over the same period, Perry County presents a more volatile investment opportunity. However, for those looking for potentially lower entry points in real estate within Alabama, this fluctuation might offer unique opportunities.
Residential Energy Tax Credit Per Tax Return in Perry County, AL Over the Last 9 Years
Over the past nine years, Perry County, Alabama has seen significant fluctuations in residential energy tax credits per tax return, peaking in 2018 at $1,850.00 and exhibiting a general upward trend since 2017. The increasing amounts, particularly the dramatic rise from $490.91 in 2013 to $1,646.15 in 2021, suggest growing incentives for energy efficiency and renewable energy adoption. This trend can be critical for prospective buyers, investors, and developers interested in sustainable living and green investments in the region.
Average Real Estate Taxes Per Tax Return in Perry County, AL Over the Last 10 Years
Over the past decade, Perry County, Alabama has seen a notable increase in average real estate taxes per tax return, starting from $734.09 in 2012 and reaching $1,112.50 by 2021. The most significant jumps occurred between 2017 and 2020, suggesting possible shifts in property values or changes in local tax policies. For potential investors or new residents, this trend may indicate rising property values, but it also means higher ongoing costs associated with real estate ownership in the area.
Percentage of Farm Returns in Perry County, AL Over the Last 10 Years
Perry County, Alabama has seen a general decline in the percentage of farm tax returns over the last decade, dipping from 7.24% in 2012 to 5.17% by 2021. This trend indicates a shift away from agriculture as a primary economic activity, which could impact the local real estate market and potential investment opportunities. Reduced farm returns suggest that agricultural land might be transitioning to other uses, potentially increasing the value of property for residential or commercial development. For those considering moving to Perry County, understanding this shift can be vital for making informed decisions about property investments and land use.
Number of Mortgages by Occupancy Type in Perry County, AL Over the Last 5 Years in Perry County
Potential investors and residents should consider that Perry County, Alabama's mortgage landscape shows a marked preference for principal residences over the last five years, with their numbers consistently outpacing investment and second properties. For instance, while mortgages for principal residences in 2019 reached 195, investment properties only accounted for 20. By 2022, there was a notable decline in investment property mortgages, dropping to just 7. This shift might suggest a more stable living environment, making it appealing for those seeking long-term residence. For real estate agents, builders, appraisers, and insurance agents, understanding this trend can influence market strategies, pricing models, and risk assessments respectively. Furthermore, the varying demand for different occupancy types can indicate broader economic or lifestyle changes within the community.
Economic Outlook
Perry County, Alabama has shown a steady rise in average taxable income per tax return, growing from $31,085.05 in 2013 to $36,466.38 in 2021, which could signify positive economic growth for the area. However, average state and local income taxes per return have fluctuated, peaking at $4,033.33 in 2019 before leveling off somewhat in recent years, suggesting a potentially increasing economic burden for residents. Despite these tax fluctuations, total tax liability has remained relatively... Read more
Average Taxable Income per Tax Return in Perry County, AL over the last 9 years
Over the past nine years, Perry County, AL has seen a gradual increase in average taxable income per tax return, starting from $31,085.05 in 2013 and rising to $36,466.38 in 2021. This trend indicates a steady economic growth and improving financial health for residents, making it an appealing option for those considering relocation or investments in the area.
Average State and Local Income Taxes Per Tax Return in Perry County, AL Over the Last 10 Years
Over the past decade, Perry County, AL has experienced significant fluctuations in average state and local income taxes per tax return. The tax amount saw a sharp increase from $2,377.08 in 2017 to $4,033.33 in 2019, indicative of a rising economic burden on residents. Although there was a slight dip in 2020 to $3,533.33, the average rebounded to $3,825.00 in 2021, demonstrating an overall upward trend in local tax obligations. This increase may influence decisions for prospective movers and current residents evaluating the financial implications of living in Perry County.
Average Total Tax Liability Per Tax Return in Perry County, AL Over the Last 10 Years
Over the last decade, Perry County, Alabama has seen a generally stable average total tax liability per tax return, oscillating around the $4,000 mark. Occasional dips below this threshold, such as in 2016 and 2019, counterbalance peaks like the notable $4,215.12 in 2013 and $4,170.48 in 2021. Investors and potential residents can expect relatively predictable tax obligations, making financial planning straightforward and reducing fiscal surprises.
Cost of Living in Perry County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $972 | $1,424 | $1,849 | $1,036 | $1,122 |
1 adult 4 children | $972 | $1,163 | $1,379 | $1,036 | $1,120 |
2 adults 3 children | $972 | $1,163 | $1,622 | $1,036 | $909 |
1 adult 3 children | $972 | $949 | $1,152 | $1,036 | $891 |
2 adults 2 children | $799 | $952 | $1,395 | $898 | $828 |
1 adult 2 children | $799 | $711 | $924 | $898 | $716 |
2 adults 1 child | $799 | $752 | $1,168 | $449 | $771 |
1 adult 1 child | $799 | $486 | $697 | $449 | $622 |
2 adults | $707 | $604 | $941 | $0 | $686 |
1 adult | $604 | $330 | $470 | $0 | $548 |
Safety trends & Data
Property crime trends in Perry County, Alabama, have fluctuated considerably over the past five years. Larceny-theft and stolen property offenses peaked in 2018, both hitting 6.00 incidents. Burglary cases reached a high in 2019 but fell sharply in subsequent years, with only one reported in 2022. The sporadic instances of arson and motor vehicle theft in 2019 add another layer of complexity. These crime dynamics are crucial for investors and potential residents, as they could impact property... Read more
Property Crime Trends in Perry County, AL Over the Last 5 Years
Property crime in Perry County, Alabama, has shown notable fluctuations over the past five years, with significant variation in specific categories. 2018 saw relatively high instances of larceny-theft and stolen property offenses, each reaching values of 6.00. Burglary cases peaked in 2019 with 6.00 recorded instances, followed by noticeable declines in subsequent years. Interestingly, 2019 also marked the only year during this period where arson and motor vehicle theft were reported. More recently, 2022 experienced a substantial decrease with only a single burglary case listed, suggesting a potential trend towards lower property crime rates. These insights are vital for investors, potential residents, and real estate professionals as they indicate shifting crime patterns that could influence property values, insurance premiums, and overall safety perceptions in the area.
Demographics
Perry County, Alabama shows a significant gender imbalance, with more females than males. Educational attainment leans heavily towards high school graduates and some college without a degree, suggesting barriers to higher education might exist. Age distribution is relatively balanced, though there's a noticeable dip in the 20 to 24 age group, possibly indicating migration for education or employment. Racially, the county has a majority Black or African American population, with other racial... Read more
Race Distribution in Perry County, Alabama (2022)
Educational Attainment in Perry County, Alabama (2022)
Age Distribution in Perry County, Alabama
Citizen Population in Perry County, Alabama (2022)
Political Trends & Data
In Perry County, Alabama, the 2020 Presidential Election results suggest a strong Democratic preference, with around 73.8% of votes going to the Democratic candidate compared to 25.6% for the Republican candidate. This dominant Democratic leaning could shape future local policies and development priorities, potentially influencing residential and commercial real estate interests, as buyers and investors might consider political climate a factor in their decisions. Keep an eye on how this trend... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Perry County, Alabama, the 2020 U.S. Presidential Election saw a significant lean towards the Democratic party with approximately 73.8% of the votes. Republicans trailed considerably, garnering roughly 25.6%. The negligible percentages for other parties suggest a strong Democratic presence, potentially influenced by local demographics and historical voting patterns. This could be indicative of a trend where Perry County might continue to favor Democratic candidates in future elections.
25.60% of voters voted for the Republican party in the 2020 Presidential Election
73.80% of voters voted for the Democrat party in the 2020 Presidential Election
0.59% of voters voted for the Other party in the 2020 Presidential Election
School Data
Perry County, Alabama's student-to-teacher ratio spiked dramatically to 29 in 2023. This far exceeds the national average of 14, raising concerns about educational quality and individualized attention. Investors and developers might view this as a strain on local schools, potentially impacting community attractiveness. Real estate agents, insurance agents, and appraisers should consider this trend, as it could influence property values and insurability tied to educational... Read more
Student-to-teacher ratio in Perry County, Alabama over the last 10 years
Perry County, Alabama has seen its student-to-teacher ratio fluctuate over the past decade, with a significant spike to 29 students per teacher in 2023. This trend surpasses the national average of fourteen students per teacher, posing potential concerns for educational quality and individualized attention in classrooms. Investors and developers might see this as a sign of increased strain on local schools, which could impact community attractiveness. Real estate agents, insurance agents, and appraisers may want to consider these changes as they could affect property values and insurability linked to educational infrastructure.