Tallapoosa County Real Estate and Livability Trends
Tallapoosa County, Alabama's real estate market reflects a steady increase in median home values, rising from $103,400 in 2015 to $127,100 in 2022, signaling growth while remaining more affordable than state and national averages. An uptrend in residential energy tax credits, which jumped from $335.29 in 2013 to $1,912.00 in 2021, suggests a growing interest in energy-efficient home improvements.... Read more
Tallapoosa County Market Trends
Median home values in Tallapoosa County, Alabama, have risen from $103,400 in 2015 to $127,100 in 2022, reflecting steady growth while remaining more affordable than both state and national averages. Notably, the average residential energy tax credit per tax return surged from $335.29 in 2013 to $1,912.00 in 2021, indicating a trend towards energy-efficient home improvements. Real estate taxes... Read more
Median Value of Occupied Housing Units in Tallapoosa County, Alabama Over the Last 8 Years
Over the past eight years, median home values in Tallapoosa County, Alabama have shown a gradual upward trend, rising from $103,400 in 2015 to $127,100 in 2022. While the county’s housing market has seen steady growth, it remains more affordable compared to both the state of Alabama and the national average. In the same period, Alabama’s median home values rose from $125,500 to $179,400, and nationwide values jumped from $125,500 to $179,400. For those considering investing or moving to Tallapoosa County, this relative affordability, coupled with the consistent increase in home values, may present an attractive opportunity for long-term asset growth.
Residential Energy Tax Credit Per Tax Return in Tallapoosa County, AL Over the Last 9 Years
Over the past nine years, Tallapoosa County, Alabama has seen a significant rise in the average residential energy tax credit per tax return, growing from $335.29 in 2013 to $1,912.00 in 2021. This trend reflects an increasing investment in energy-efficient home improvements, which could indicate favorable conditions for sustainable living investments and a growing awareness of energy conservation among residents. Notably, the peak reached $2,350.00 in 2018, suggesting spikes in energy-saving installations that year. This trend could attract eco-conscious investors and builders looking to develop properties with a focus on energy efficiency in Tallapoosa County.
Average Real Estate Taxes Per Tax Return in Tallapoosa County, AL Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Tallapoosa County, Alabama have experienced a noticeable upward trend. Particularly significant hikes occurred between 2017 and 2020, with average taxes surging from $1,481.88 to $2,602.22. This increase suggests a rising valuation of properties and potentially increased municipal funding needs, making it both a critical metric for current homeowners and a pivotal consideration for prospective investors and property developers.
Percentage of Farm Returns in Tallapoosa County, AL Over the Last 10 Years
The percentage of farm tax returns in Tallapoosa County, Alabama, has shown minimal fluctuation over the past decade, hovering around 2.1% to 2.4%. Farm tax returns refer to the portion of income tax filings that include agricultural income, indicating either full-time farming operations or supplementary farm income. Despite minor year-to-year changes, the consistent range reflects a stable agricultural presence in the county. For investors or future residents, this stability suggests a reliable agricultural sector that may offer opportunities for agricultural investments or peripheral businesses supporting the farming community.
Number of Mortgages by Occupancy Type in Tallapoosa County, AL Over the Last 5 Years in Tallapoosa County
Tallapoosa County, Alabama has seen fluctuations in mortgage activity over the last five years, with notable changes in the number of mortgages by occupancy type. Principal residences consistently dominate, although there's been a decrease from 2021 to 2022. Investment properties and second residences show more volatility, with a significant drop in second residence mortgages in 2022 compared to the peak in 2020. These trends are crucial for investors, appraisers, and real estate professionals as they signal shifts in demand and housing preferences. Changes in occupancy type can affect property values, rental markets, and insurance risks, providing a snapshot of the area's economic health and living conditions.
Economic Outlook
Tallapoosa County, Alabama has seen a significant rise in average taxable income per tax return over the past nine years, from $44,520.17 in 2013 to $65,013.68 in 2021, suggesting a notable boost in economic health. However, this financial growth is juxtaposed with an increase in average state and local income taxes, which climbed from $4,037.24 in 2012 to $12,189.87 in 2021, with sharp increases around 2018 and 2019. Additionally, average total tax liabilities per tax return rose from... Read more
Average Taxable Income per Tax Return in Tallapoosa County, AL over the last 9 years
Over the last nine years, Tallapoosa County, AL has seen a notable increase in average taxable income per tax return, rising from $44,520.17 in 2013 to $65,013.68 in 2021. This upward trend indicates a robust growth in economic prosperity for the residents, reflecting a significant rise in local financial health and stability that may appeal to prospective new residents or investors.
Average State and Local Income Taxes Per Tax Return in Tallapoosa County, AL Over the Last 10 Years
In the last decade, Tallapoosa County, AL has seen a significant increase in average state and local income taxes per tax return. Starting at $4037.24 in 2012, the average rose steadily, reaching $12189.87 in 2021. Particularly notable are the sharp increases around 2018 and 2019, indicating a substantial rise in tax obligations which could impact household budgeting and financial planning for both current residents and potential movers to the area.
Average Total Tax Liability Per Tax Return in Tallapoosa County, AL Over the Last 10 Years
The average total tax liability per tax return in Tallapoosa County, Alabama, has shown a significant upward trend over the last decade. Starting from $6,478.49 in 2012, the tax liabilities experienced fluctuations but overall increased sharply to $10,564.47 in 2021. This notable increase signals rising incomes or shifts in tax policy, making it crucial for potential investors and residents to consider tax implications when planning their financial strategies.
Cost of Living in Tallapoosa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,049 | $1,432 | $1,917 | $1,328 | $1,261 |
| 1 adult 4 children | $1,049 | $1,169 | $1,430 | $1,328 | $1,272 |
| 2 adults 3 children | $1,049 | $1,170 | $1,682 | $1,328 | $1,026 |
| 1 adult 3 children | $1,049 | $955 | $1,194 | $1,328 | $1,045 |
| 2 adults 2 children | $790 | $957 | $1,446 | $1,156 | $893 |
| 1 adult 2 children | $790 | $715 | $959 | $1,156 | $797 |
| 2 adults 1 child | $790 | $757 | $1,210 | $596 | $807 |
| 1 adult 1 child | $790 | $489 | $723 | $596 | $654 |
| 2 adults | $600 | $608 | $975 | $0 | $654 |
| 1 adult | $598 | $332 | $487 | $0 | $544 |
Safety trends & Data
Tallapoosa County, Alabama has experienced fluctuating property crime trends over the past five years, with a peak in burglary and larceny-theft in 2019—44 and 199 incidents respectively. A sharp decline in larceny-theft was seen in 2020, dropping to just 40 incidents, though 2022 saw another rise, particularly in vandalism and motor vehicle theft. These crime trends could potentially impact property values, insurance premiums, and inform investment decisions, offering prospective investors... Read more
Property Crime Trends in Tallapoosa County, AL Over the Last 5 Years
Tallapoosa County, Alabama has seen a fluctuating trend in property crimes over the last five years. There was a notable peak in 2019, particularly in burglary and larceny-theft, with 44 and 199 incidents respectively, suggesting higher criminal activity in that period. However, a significant decrease in these categories was observed in 2020, with larceny-theft dropping drastically to 40 incidents. More recently, 2022 saw another surge, especially in vandalism and motor vehicle theft. This variability could influence property valuations, insurance rates, and investment opportunities, giving potential investors and residents insight into the local criminal landscape.
Demographics
In Tallapoosa County, Alabama, the adult population shows a slightly higher number of females compared to males. The county also sees a higher concentration of older adults, particularly those over 55, indicating an aging demographic. Educational attainment suggests most residents have completed high school, with fewer advancing to higher education degrees. The racial composition is predominantly White, with Black or African American residents comprising a significant minority. This demographic... Read more
Race Distribution in Tallapoosa County, Alabama (2022)
Educational Attainment in Tallapoosa County, Alabama (2022)
Age Distribution in Tallapoosa County, Alabama
Citizen Population in Tallapoosa County, Alabama (2022)
Political Trends & Data
Tallapoosa County, Alabama, appears to be a stronghold for Republican candidates, with them likely capturing over 70% of the vote in the 2020 U.S. Presidential Election. Democratic candidates potentially garnered about 28%, and other parties held less than 1%. This substantial lean towards Republicans may indicate enduring political inclinations in the area, which could influence various aspects of local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tallapoosa County, Alabama, Republican candidates seem to have a substantial lead, potentially capturing over 70% of the vote during the 2020 U.S. Presidential Election. Meanwhile, Democratic candidates possibly garnered around 28%, while other parties and independents collectively held less than 1%. This trend could suggest a strong Republican preference among the local electorate and might hint at long-standing political leanings in the county.
71.28% of voters voted for the Republican party in the 2020 Presidential Election
27.91% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Other party in the 2020 Presidential Election
School Data
Tallapoosa County, Alabama, has seen student-to-teacher ratios fluctuate significantly, peaking at 20 in 2022 before dropping to about 17 in 2023. With a national average of fourteen students per teacher, the county's ratios tend to be higher, hinting at larger class sizes. This can be a critical factor for homebuyers and investors as it may influence property values and neighborhood appeal. Appraisers and insurance agents might also consider these figures for assessments, reflecting on... Read more
Student-to-teacher ratio in Tallapoosa County, Alabama over the last 10 years
Tallapoosa County, Alabama, has seen considerable fluctuations in its student-to-teacher ratio over the past decade, peaking at 20 in 2022 before dropping to almost 17 in 2023. Compared to the national average of fourteen students per teacher, the county's ratios generally trend higher, potentially signaling larger class sizes. These trends may be crucial for prospective homebuyers, investors, and real estate agents, as they can influence property values and neighborhood desirability. Appraisers and insurance agents might also consider these figures when assessing risk and valuations, given that larger class sizes could impact community satisfaction and public perceptions of the local school system. Similarly, developers and local governments might be interested in these stats for planning future educational infrastructure.
