Sumter County Real Estate and Livability Trends
Sumter County, Alabama has seen its median home values rise from $72,900 in 2015 to a peak of $88,000 in 2022, making it an attractive spot for property investors looking for long-term appreciation. The area offers more budget-friendly options compared to higher state and national medians. Fluctuating residential energy tax credits, peaking at $1,200.00 in 2019, hint at a push toward energy... Read more
Sumter County Market Trends
Sumter County, Alabama has seen its median home values rise from $72,900 in 2015 to a peak of $88,000 in 2022, presenting an attractive scenario for property investors looking for long-term appreciation. Compared to the higher state and national medians, Sumter County offers a more budget-friendly option. Residential energy tax credits show significant fluctuations, peaking at $1,200.00 in 2019,... Read more
Median Value of Occupied Housing Units in Sumter County, Alabama Over the Last 8 Years
Over the last 8 years, Sumter County, Alabama has experienced fluctuations in median home values, starting at $72,900 in 2015 and peaking at $88,000 in 2022. Despite some dips along the way, the overall upward trend could indicate burgeoning opportunities for property investors and homebuyers interested in long-term appreciation. When compared to the Alabama state median, which soared from $125,500 to $179,400, and the national figures, Sumter County remains significantly more affordable, highlighting its potential as a cost-effective entry point in the housing market.
Residential Energy Tax Credit Per Tax Return in Sumter County, AL Over the Last 8 Years
In Sumter County, Alabama, the average residential energy tax credit per tax return fluctuated significantly over the past eight years. Initially peaking in 2013 at $1,100.00, it experienced a notable drop to $325.00 by 2017. An exceptional increase to $1,200.00 was seen in 2019, underscoring a renewed focus on energy efficiency investments. These trends highlight the evolving incentives for homeowners to invest in energy-efficient upgrades, potentially increasing the attractiveness of properties in the area for environmentally conscious buyers and investors.
Average Real Estate Taxes Per Tax Return in Sumter County, AL Over the Last 10 Years
Sumter County, Alabama has seen a notable increase in real estate taxes per tax return over the past decade. Starting from around $689.33 in 2012, the average rose steadily, reaching $812.50 by 2015 and spiking to a significant $1,266.67 in 2021. This trend may reflect rising property values or shifts in tax policy, making it essential for potential investors and residents to consider these costs when planning to move to or invest in the area.
Percentage of Farm Returns in Sumter County, AL Over the Last 10 Years
Over the past decade, Sumter County, Alabama has seen a fluctuating trend in farm tax returns, ranging from a high of 7.81% in 2013 to a low of 6.37% in 2020. Farm tax returns are the percentage of tax filings that pertain to farming operations, reflecting the proportion of the local economy dependent on agriculture. This metric is crucial for investors and residents alike, as it underscores the region's agricultural stability and potential for growth in the farming sector. Notably, after a dip in 2020, there was a slight recovery in 2021, demonstrating some resilience in the local farming industry.
Number of Mortgages by Occupancy Type in Sumter County, AL Over the Last 5 Years in Sumter County
Sumter County, Alabama has experienced noticeable shifts in mortgage counts across various occupancy types over the past five years. The volume of mortgages for principal residences surged from 188 in 2018 to a peak of 312 in 2021, suggesting robust demand for owner-occupied homes. Conversely, investment property mortgages observed a more modest increase from 8 in 2018 to 18 in 2021, reflecting a slower yet steady interest in rental or income-generating properties. Second residence mortgages remained relatively marginal but did show some growth. Understanding these trends is crucial for investors evaluating rental property potential, appraisers assessing property values, and insurance agents tailoring policies. Builders, real estate agents, and prospective homeowners can also gain insights into market stability and future development opportunities based on these patterns.
Economic Outlook
Sumter County, Alabama has experienced a generally rising trend in average taxable income per tax return, moving from $35,288.48 in 2013 to $41,962.94 in 2021. State and local income taxes have seen notable fluctuations, particularly peaking at $5,350.00 in 2020 before decreasing to $4,678.57 in 2021, reflecting potential shifts in local fiscal policies or economic conditions. The average total tax liability per tax return also shows variability, with significant peaks at $5,687.12 in 2013 and... Read more
Average Taxable Income per Tax Return in Sumter County, AL over the last 9 years
Sumter County, AL has seen a fluctuating but generally rising trend in average taxable income per tax return over the past nine years, starting at $35,288.48 in 2013 and peaking most recently at $41,962.94 in 2021. Despite minor dips in certain years, the overall increase in average taxable income highlights a gradual economic betterment that could be promising for current and prospective residents in terms of financial stability and growth potential.
Average State and Local Income Taxes Per Tax Return in Sumter County, AL Over the Last 10 Years
Residents of Sumter County, AL have experienced a fluctuating trend in state and local income taxes over the past decade, with a notable peak in 2020 at $5,350.00 per tax return. Despite this spike, 2021 saw a slight decrease to $4,678.57. This variability indicates potential shifts in local fiscal policies or economic conditions, which could be pivotal for prospective residents or current homeowners planning their financials.
Average Total Tax Liability Per Tax Return in Sumter County, AL Over the Last 10 Years
Sumter County, Alabama has seen fluctuations in average total tax liability per tax return over the past decade, with notable peaks in 2013 at $5,687.12 and 2021 at $5,788.01. After a dip in 2018 to $4,812.79, a resurgence in 2019 and 2021 indicates economic variability. These shifts can signal underlying changes in income levels or economic conditions, crucial for potential investors and residents assessing fiscal stability and growth opportunities in the area.
Cost of Living in Sumter County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,092 | $1,416 | $1,849 | $1,036 | $1,149 |
| 1 adult 4 children | $1,092 | $1,156 | $1,379 | $1,036 | $1,153 |
| 2 adults 3 children | $1,092 | $1,156 | $1,622 | $1,036 | $931 |
| 1 adult 3 children | $1,092 | $944 | $1,152 | $1,036 | $926 |
| 2 adults 2 children | $897 | $947 | $1,395 | $898 | $844 |
| 1 adult 2 children | $897 | $707 | $924 | $898 | $737 |
| 2 adults 1 child | $897 | $748 | $1,168 | $449 | $786 |
| 1 adult 1 child | $897 | $483 | $697 | $449 | $638 |
| 2 adults | $690 | $601 | $941 | $0 | $665 |
| 1 adult | $679 | $328 | $470 | $0 | $556 |
Safety trends & Data
Sumter County, Alabama has experienced notable property crime fluctuations over the last five years. Property crimes peaked in 2019, with burglary numbers reaching 7 and larceny-theft incidents hitting 14. Recent data from 2022 shows a significant decline, with just 1 reported burglary and fewer larceny-theft incidents. This trend might indicate improvements in law enforcement or community-driven crime prevention, which could mean a safer environment for investors, new residents, and property... Read more
Property Crime Trends in Sumter County, AL Over the Last 5 Years
Sumter County, Alabama has seen notable fluctuations in property crime over the last five years. A peak in property crimes occurred around 2019 with high instances of burglary reaching 7 and larceny-theft hitting 14. However, recent data indicates a significant decrease, with 2022 showing a considerable drop across most categories, such as only 1 reported burglary and much lower larceny-theft incidents. This trend might suggest increased effectiveness in law enforcement or community efforts toward crime prevention, offering a potentially safer environment for investors, new residents, and property developers. These crime trends are critical for real estate agents and insurance agents as they directly impact property values and insurance premiums.
Demographics
Sumter County, Alabama's demographic trends reveal a predominance of females over males. A notable portion of the population has some college experience but no degree, while fewer hold graduate or professional degrees. Age distribution skews towards young adults, particularly in the 20-24 and 55-64 age brackets. The racial composition is primarily Black or African American, with a significantly smaller presence of White residents and nominal representation from other racial... Read more
Race Distribution in Sumter County, Alabama (2022)
Educational Attainment in Sumter County, Alabama (2022)
Age Distribution in Sumter County, Alabama
Citizen Population in Sumter County, Alabama (2022)
Political Trends & Data
In Sumter County, Alabama, the 2020 U.S. Presidential Election revealed a significant Democratic tilt, with approximately 73.9% of the vote potentially going to Democrats. Republicans may have only secured around 25.4%, indicating a considerable Democratic stronghold. The minimal influence of Libertarian and Green parties suggests that Sumter County's political landscape is predominantly bipartisan, but mainly favors... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sumter County, Alabama, it seems voters leaned heavily Democratic in the 2020 U.S. Presidential Election, with Democrats potentially garnering about 73.9% of the vote. Republicans appeared to have had a notably smaller share, around 25.4%, while no significant votes were seen for Libertarian or Green parties. This distribution might suggest that Sumter County has a strong preference toward Democratic candidates, with other parties having a minimal impact.
25.40% of voters voted for the Republican party in the 2020 Presidential Election
73.88% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sumter County, Alabama has experienced swings in its student-to-teacher ratio, peaking at around 19 students per teacher in 2022 and dipping to approximately 15 in 2017. These figures frequently surpass the national average of 14, potentially indicating resource constraints within local schools. For real estate professionals, these educational metrics might impact community desirability and long-term property values. Appraisers and insurance agents could also consider this data when evaluating... Read more
Student-to-teacher ratio in Sumter County, Alabama over the last 10 years
Sumter County, Alabama has seen fluctuations in its student-to-teacher ratio over the past decade, peaking at around 19 students per teacher in 2022 and hitting a low of about 15 in 2017. These numbers often exceed the national average of 14 students per teacher, which could suggest challenges or resource constraints within local schools. For investors, potential residents, or real estate agents, these educational metrics might hint at broader community and quality of life considerations. Similarly, appraisers and insurance agents might find the data relevant when assessing property values or underwriting educational-related risks.
