Randolph County Real Estate and Livability Trends
Randolph County, Alabama has witnessed a striking increase in median home values, jumping from $85,800 in 2015 to $155,000 in 2022, which still remains below the state median. Notably, real estate taxes have more than doubled, and average residential energy tax credits peaked at $1,225.00 in 2018, reflecting greater investments in energy-efficient upgrades. The agricultural sector remains robust,... Read more
Randolph County Market Trends
Randolph County, Alabama has displayed robust growth in median home values, surging from $85,800 in 2015 to $155,000 in 2022. This rise, although substantial, remains under the state's median of $179,400 and far below the national average, making it an appealing, affordable market with promising appreciation potential. Notably, average residential energy tax credits have climbed, peaking at... Read more
Median Value of Occupied Housing Units in Randolph County, Alabama Over the Last 8 Years
The median home values in Randolph County, Alabama have seen significant growth over the last eight years, jumping from $85,800 in 2015 to $155,000 in 2022. While this rise may seem substantial, it's important to consider that this increase is still alongside Alabama's median value of $179,400 and well below the national median of the same year. Investors and potential homeowners could see Randolph County as an affordable alternative with promising appreciation rates, making it a less saturated yet attractive option in comparison to the broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Randolph County, AL Over the Last 9 Years
Over the past nine years, Randolph County, Alabama has seen a significant fluctuation in the average residential energy tax credit per tax return, peaking at $1,225.00 in 2018. While the average hovered around $400.00 to $500.00 in initial years, recent years have shown values consistently above $660.00. This upward trend indicates an increasing investment in energy-efficient home improvements, making it an attractive area for those looking to maximize tax benefits while enhancing property value.
Average Real Estate Taxes Per Tax Return in Randolph County, AL Over the Last 10 Years
Real estate taxes in Randolph County, Alabama, have shown a noticeable upward trend over the last decade, increasing from $949.30 in 2012 to $2208.82 in 2021. The steepest hikes appeared between 2017 and 2018, with a notable jump from $1231.97 to $1977.78. For potential investors, property buyers, and current residents, this trend might suggest rising property values or changes in tax policies, impacting the overall cost of property ownership.
Percentage of Farm Returns in Randolph County, AL Over the Last 10 Years
Over the past decade, Randolph County, Alabama, has seen a fluctuating yet somewhat consistent trend in farm tax returns, maintaining a range between 6.44% and 7.36%. Peaks occurred in 2012 and 2017 at 7.30% and 7.36% respectively, while the lowest point was in 2020 at 6.44%. Farm tax returns reflect the financial health and productivity of agricultural operations, indicating the significance of farming to the local economy. For investors, builders, or those considering relocating, this steady trend highlights a stable agricultural sector, which can influence property values and community investments.
Number of Mortgages by Occupancy Type in Randolph County, AL Over the Last 5 Years in Randolph County
Recent trends in mortgage data for Randolph County, Alabama show a notable uptick in the number of principal residence mortgages, peaking at 1046 in 2021. While principal residences dominate, there is a small yet somewhat steady presence of second residences and investment properties. This growth in principal residence mortgages could imply a strengthening local community with increasing homeownership, potentially affecting property values and market stability. Changes in occupancy type matter, as they can influence local service demand, infrastructure planning, and neighborhood character. These trends could be particularly insightful for investors, real estate agents, and residents, as shifts toward more long-term residents might enhance community cohesion and economic stability.
Economic Outlook
Randolph County, Alabama has seen impressive economic growth, with average taxable income per tax return increasing from $40,282.99 to $54,326.95 between 2013 and 2021, showcasing a stronger financial footing for residents. However, average state and local income taxes per tax return have also surged from $3,410.74 in 2012 to $7,933.33 in 2021, reflecting higher tax burdens. Additionally, average total tax liability per tax return grew from $4,872.20 in 2012 to $7,733.57 by 2021, with key... Read more
Average Taxable Income per Tax Return in Randolph County, AL over the last 9 years
Between 2013 and 2021, Randolph County, AL saw a consistent rise in average taxable income per tax return, increasing from $40,282.99 to $54,326.95. This upward trend indicates economic growth and potential for higher standards of living, making it an attractive consideration for potential movers and current residents looking to gauge local financial health. The highest annual increase occurred between 2020 and 2021, marking a significant boost that underscores growing financial prosperity in the county.
Average State and Local Income Taxes Per Tax Return in Randolph County, AL Over the Last 10 Years
Over the past decade, Randolph County, AL has experienced a marked increase in average state and local income taxes per tax return, escalating from $3,410.74 in 2012 to $7,933.33 in 2021. The steepest rise occurred between 2017 and 2018, where the average jumped from $4,308.28 to $6,394.29. This trend reflects a significant growth in tax obligations, which could impact both new residents considering moving to the area and current residents planning their long-term financial strategies.
Average Total Tax Liability Per Tax Return in Randolph County, AL Over the Last 10 Years
Over the last decade in Randolph County, Alabama, there has been a consistent increase in the average total tax liability per tax return. Starting at $4,872.20 in 2012, the figure has surged to $7,733.57 by 2021. Notable spikes occurred in 2017 and 2020, reflecting broader economic trends that potential investors, new residents, and property developers should consider when evaluating the area for financial commitments or opportunities. The sharp rise underscores the county's evolving economic landscape and possible implications for future tax planning and real estate investment strategies.
Cost of Living in Randolph County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,052 | $1,291 | $1,849 | $954 | $1,061 |
1 adult 4 children | $1,052 | $1,054 | $1,379 | $954 | $1,061 |
2 adults 3 children | $1,052 | $1,055 | $1,622 | $954 | $871 |
1 adult 3 children | $1,052 | $861 | $1,152 | $954 | $848 |
2 adults 2 children | $740 | $863 | $1,395 | $833 | $756 |
1 adult 2 children | $740 | $645 | $924 | $833 | $636 |
2 adults 1 child | $740 | $682 | $1,168 | $442 | $723 |
1 adult 1 child | $740 | $441 | $697 | $442 | $585 |
2 adults | $655 | $548 | $941 | $0 | $652 |
1 adult | $560 | $299 | $470 | $0 | $527 |
Safety trends & Data
In Randolph County, Alabama, property crime has seen significant fluctuations over the past five years. Crimes like burglary and larceny-theft hit their peak in 2018 with 18.00 and 51.00 incidents respectively but showed a dramatic drop by 2020, with burglary cases falling to just 1.00. This continuous decline through 2022 may point to improved safety, making the area potentially more attractive for investors, new residents, and real estate... Read more
Property Crime Trends in Randolph County, AL Over the Last 5 Years
In Randolph County, Alabama, property crime trends over the last five years reveal substantial fluctuations. Notably, 2018 and 2019 saw higher rates of burglary, larceny-theft, and fraud, with burglary and larceny-theft peaking at 18.00 and 51.00 incidents respectively in 2018. However, these numbers drastically decreased by 2020, with certain crimes like burglary dropping to just 1.00 reported case. The downward trend continued through 2021 and 2022, suggesting improved security and crime prevention measures. This sharp decline in property crimes may indicate safer conditions for potential investors, new residents, and real estate developments.
Demographics
In Randolph County, Alabama, there's a noticeable demographic leaning towards female residents, making up a bit over half of the adult population. Education-wise, high school graduates and those with some college education are predominant, possibly indicating challenges in completing higher education. The age distribution shows a more substantial population segment in the 55-64 year bracket, with younger age groups relatively more dispersed. Racially, the county is primarily White with a... Read more
Race Distribution in Randolph County, Alabama (2022)
Educational Attainment in Randolph County, Alabama (2022)
Age Distribution in Randolph County, Alabama
Citizen Population in Randolph County, Alabama (2022)
Political Trends & Data
In Randolph County, Alabama, Republicans potentially secured around 79% of the vote in the 2020 U.S. Presidential Election, while Democrats trailed with just over 20%. Minor parties like Libertarian and Green barely made a dent. This significant disparity points to a strong Republican presence in the area, hinting at future political trends that could affect local and national... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Randolph County, Alabama, the 2020 U.S. Presidential Election saw Republicans possibly secure a substantial portion of the vote, garnering nearly 79 percent. Democrats lagged significantly behind with just over 20 percent. Votes for other parties like Libertarian and Green were practically negligible, with a combined total that barely makes an impact. This disparity suggests a strong Republican stronghold in the county, reflecting broader political inclinations that could influence future local and national elections.
78.98% of voters voted for the Republican party in the 2020 Presidential Election
20.33% of voters voted for the Democrat party in the 2020 Presidential Election
0.69% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Randolph County, Alabama has seen notable fluctuations over the last decade, peaking at 18 students per teacher in 2018 before declining to around 16 recently. This higher ratio, compared to the national average of 14, may suggest larger class sizes, potentially affecting education quality and influencing property values and community desirability. Investors and real estate professionals might find these trends indicative of broader socioeconomic factors... Read more
Student-to-teacher ratio in Randolph County, Alabama over the last 10 years
Over the last decade, the student-to-teacher ratio in Randolph County, Alabama has fluctuated notably. Starting at 15 students per teacher in 2014, it peaked at 18 in 2018 before making a slight downward trend to around 16 in recent years. This higher ratio, compared to the national average of 14, may imply larger class sizes, potentially affecting the quality of education and individual student attention. For those considering moving to the area, investing, or working in real estate, these figures provide insight into the local education environment, which could influence property values and community desirability. Appraisers and insurance agents might also see these trends as reflective of broader socioeconomic factors impacting the region.