Pike County Real Estate and Livability Trends
Pike County, Alabama, has seen a notable increase in average taxable income from $43,065.64 in 2013 to $57,562.85 in 2021, which might suggest economic growth and job creation. However, this has come with higher state and local income taxes, up from $3,593.53 in 2012 to $8,407.14 in 2021, indicating higher fiscal demands on residents. The real estate scene shows a 37% rise in median home values... Read more
Pike County Market Trends
Pike County's median home values have surged 37% over the past eight years, reaching $144,500 in 2022, reflecting a growing demand and possibly an improving local economy. Despite this growth, it remains more affordable compared to Alabama's median home value of $179,400. Energy tax credits in the county have fluctuated significantly, with peaks in 2017, 2020, and 2021, indicating evolving energy... Read more
Median Value of Occupied Housing Units in Pike County, Alabama Over the Last 8 Years
Pike County's median home values have experienced significant growth over the past eight years, jumping from $105,500 in 2015 to $144,500 in 2022. While this 37% increase indicates a rising demand and possibly an improving local economy, it's worth comparing to Alabama's overall trend. Alabama saw a similar upward trajectory but started and ended at higher price points, moving from $125,500 in 2015 to $179,400 in 2022. Nationally, the median home value also rose significantly, from $125,500 in 2015 to $179,400 in 2022. This puts Pike County in a favorable light for potential investors or those looking to move in, as it offers more affordable options compared to broader geographic trends while still showing appreciable value growth.
Residential Energy Tax Credit Per Tax Return in Pike County, AL Over the Last 8 Years
Pike County, Alabama has seen significant fluctuations in the average residential energy tax credit per tax return over the past eight years, with notable increases in 2017 ($888.89), 2020 ($777.78), and 2021 ($740.00). Earlier years showed lower averages, particularly in 2015 ($500.00) and 2013 ($538.10). These variations could indicate evolving energy policies or changes in residential energy efficiency investments, suggesting both opportunities and challenges for homeowners and investors focused on sustainable living.
Average Real Estate Taxes Per Tax Return in Pike County, AL Over the Last 10 Years
In Pike County, Alabama, the average real estate taxes per tax return have generally been on an upward trend over the past decade. Starting from $912.63 in 2012, the amount saw a steady climb with notable jumps in recent years, peaking at $1,845.24 in 2020 before slightly adjusting to $1,800.00 in 2021. This increase could be partially attributed to rising property values and possibly local economic developments, making the area potentially more lucrative but also costlier for property owners and investors.
Percentage of Farm Returns in Pike County, AL Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Pike County, Alabama has shown a slight decline from 5.21% in 2012 to 4.70% in 2021, with a noticeable dip to 4.53% in 2020. Farm tax returns, which report income from agricultural activities, are crucial for understanding the viability and trends in the county's agricultural sector. For investors, potential homeowners, and those looking to develop property, these trends suggest a modest decrease in farm-related economic activity, potentially pointing to shifts in land use or changing agricultural practices within the region.
Number of Mortgages by Occupancy Type in Pike County, AL Over the Last 5 Years in Pike County
Over the last 5 years, Pike County, Alabama has seen significant variations in mortgage counts across different occupancy types. Principal residences have consistently dominated, peaking at 1300 mortgages in 2021, indicating a robust demand for primary housing. In contrast, investment property mortgages remained relatively stable, averaging around 90 per year, while second residence mortgages showed minor fluctuations with a high of 42 in 2020. These trends suggest that Pike County is primarily a market for primary homeowners, which could influence property values, insurance costs, and investment strategies. For real estate agents and investors, understanding these shifts can shed light on buyer behavior and market health, guiding strategic planning and decision-making.
Economic Outlook
Pike County, Alabama, has seen a significant rise in average taxable income, from $43,065.64 in 2013 to $57,562.85 in 2021, signaling a robust local economy and potential job growth. Concurrently, average state and local income taxes have risen notably, from $3,593.53 in 2012 to $8,407.14 in 2021, highlighting increased fiscal pressures for residents. The total tax liability per tax return has also climbed steadily, suggesting an evolving economic landscape with both opportunities and financial... Read more
Average Taxable Income per Tax Return in Pike County, AL over the last 9 years
Pike County, AL has experienced a notable upward trend in average taxable income over the past nine years, with figures rising from $43,065.64 in 2013 to $57,562.85 in 2021. Despite minor fluctuations, there's been a steady increase, particularly from 2018 onwards, indicative of growing economic conditions and potential job opportunities in the area. This financial growth signals a strengthening local economy, making Pike County increasingly attractive to prospective residents seeking economic stability.
Average State and Local Income Taxes Per Tax Return in Pike County, AL Over the Last 10 Years
Over the past decade, Pike County, AL has seen a significant rise in average state and local income taxes per tax return, escalating from $3,593.53 in 2012 to $8,407.14 in 2021. Noteworthy spikes occurred post-2017, with a notable increase to $5,965.96 in 2018 and further to $6,868.09 in 2019, indicating a trend towards higher tax burdens for residents. This trend is critical for potential movers and current residents to consider, as it reflects growing fiscal pressures and potential increases in resources or services provided by local governance.
Average Total Tax Liability Per Tax Return in Pike County, AL Over the Last 10 Years
Pike County, Alabama has experienced a notable incremental rise in average total tax liability per tax return over the past decade. Starting at $6,813.99 in 2012 and reaching $9,336.28 in 2021, this steady increase reflects a growing economic base in the region. Notably, significant jumps, such as in 2018 and 2020, indicate periods of rapid financial growth or policy adjustments. For investors and potential residents, these trends point to a dynamically evolving economic landscape, suggesting both opportunities and responsibilities in financial planning.
Cost of Living in Pike County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,083 | $1,552 | $1,917 | $874 | $1,163 |
| 1 adult 4 children | $1,083 | $1,268 | $1,430 | $874 | $1,150 |
| 2 adults 3 children | $1,083 | $1,268 | $1,682 | $874 | $934 |
| 1 adult 3 children | $1,083 | $1,035 | $1,194 | $874 | $915 |
| 2 adults 2 children | $890 | $1,038 | $1,446 | $761 | $848 |
| 1 adult 2 children | $890 | $775 | $959 | $761 | $731 |
| 2 adults 1 child | $890 | $820 | $1,210 | $395 | $807 |
| 1 adult 1 child | $890 | $530 | $723 | $395 | $651 |
| 2 adults | $676 | $659 | $975 | $0 | $695 |
| 1 adult | $673 | $360 | $487 | $0 | $585 |
Safety trends & Data
Pike County, Alabama's property crime trends present an intriguing landscape for real estate dynamics. Burglary arrests dropped dramatically from 48.00 in 2018 to just 6.00 in 2022, while larceny-theft showed a reduction despite peaking at 174.00 within the same period. Motor vehicle thefts and vandalism incidents stayed low, though vandalism spiked to 28.00 in 2022. The jump in fraud cases to 33.00 in 2019 and subsequent dip adds another layer of complexity. These evolving security patterns... Read more
Property Crime Trends in Pike County, AL Over the Last 5 Years
Over the past five years, Pike County, Alabama has experienced notable fluctuations in property crimes. Burglary arrests have significantly decreased from 48.00 in 2018 to just 6.00 in 2022, while larceny-theft, despite its peak at 174.00 in 2018, saw a decrease with a variability, tallying at 110.00 in 2022. Motor vehicle thefts and incidents of vandalism have generally remained low, though vandalism saw a spike back to 28.00 in 2022. Interestingly, fraud cases jumped to 33.00 in 2019 and dipped in subsequent years. Overall, these shifting patterns suggest evolving security dynamics, potentially guiding investment, real estate, and community safety considerations in the area.
Demographics
Pike County, Alabama's gender distribution leans slightly female, with an adult population split of about 12,275 men and 13,641 women. Educational attainment data suggests that a substantial portion of residents stopped their formal education at a high school diploma, with smaller yet significant numbers reaching associate, bachelor's, or graduate degrees. The age distribution reveals a relatively equal spread across age groups, though there's a noticeable concentration of younger adults,... Read more
Race Distribution in Pike County, Alabama (2022)
Educational Attainment in Pike County, Alabama (2022)
Age Distribution in Pike County, Alabama
Citizen Population in Pike County, Alabama (2022)
Political Trends & Data
In Pike County, Alabama, the 2020 U.S. Presidential Election results potentially indicate a strong Republican lean, with the party securing about 58% of the vote. Democrats captured around 41%, showing a notable but not dominant minority. The minimal votes for other parties imply a firmly rooted two-party system. This voter distribution may reflect broader local political inclinations and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Pike County, Alabama, the 2020 U.S. Presidential Election results possibly hint at a predominantly Republican preference, with the party garnering roughly 58% of the vote. Democrats trailed behind with around 41%, indicating a significant, but not overwhelming, minority. The scant votes for other parties such as Libertarian or Green suggest an entrenched two-party system in this region. This distribution might reflect broader political affiliations and community values within Pike County.
58.10% of voters voted for the Republican party in the 2020 Presidential Election
40.72% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, the student-to-teacher ratio in Pike County, Alabama, has increased from approximately 14 students per teacher in 2014 to over 17 students per teacher in 2023, peaking at over 18 students per teacher in 2022. This trend contrasts with the current US national average of around 14 students per teacher, suggesting potential implications for classroom size, educational quality, and resource allocation. These shifts might indicate broader changes in school funding, district... Read more
Student-to-teacher ratio in Pike County, Alabama over the last 10 years
Over the last decade, the student-to-teacher ratio in Pike County, Alabama, has shown a notable increase from approximately 14 students per teacher in 2014 to over 17 students per teacher in 2023, peaking at over 18 students per teacher in 2022. This trend contrasts sharply with the current US national average of around 14 students per teacher, suggesting potential implications for classroom size, educational quality, and resource allocation. For investors, real estate agents, and those considering relocation, these shifts might indicate broader changes in school funding, district policy decisions, or population growth affecting the local education system. Additionally, appraisers and insurance agents should be aware of these trends, as they could influence property values and community attractiveness.
