Tuscaloosa County Real Estate and Livability Trends
Tuscaloosa County has experienced rapid home value appreciation, with the median price jumping from $156,500 in 2015 to $218,800 in 2022, outpacing state and national trends. Despite notable increases in average taxable income and total tax liabilities, the area has seen a drop in poverty rates from a peak of 20.9% in 2015 to 14.2% by 2021. Increased real estate taxes and a surge in residential... Read more
Tuscaloosa County Market Trends
Tuscaloosa County, Alabama has experienced rapid appreciation in home values, with the median price spiking from $156,500 in 2015 to $218,800 in 2022, outpacing both state and national trends. Meanwhile, the average residential energy tax credit per return has surged to $1,956.37 in 2021, signaling a strong commitment to energy-efficient home improvements and renewable energy. Notably, average... Read more
Median Value of Occupied Housing Units in Tuscaloosa County, Alabama Over the Last 8 Years
Over the past 8 years, the median home value in Tuscaloosa County, Alabama, has seen a consistent upward trend, spiking from $156,500 in 2015 to $218,800 in 2022. This increase is particularly compelling when you consider the median value across Alabama and the United States, which both increased from $125,500 to $179,400 during the same period. For potential investors or those contemplating a move, the sharper rise in Tuscaloosa County suggests a local market that may offer more rapid appreciation compared to state and national trends.
Residential Energy Tax Credit Per Tax Return in Tuscaloosa County, AL Over the Last 9 Years
Over the past nine years, Tuscaloosa County, Alabama has shown a significant increase in the average residential energy tax credit per tax return, jumping from $436.90 in 2013 to $1,956.37 in 2021. This trend signifies a growing investment in energy-efficient home improvements and renewable energy installations. Prospective investors and residents keen on sustainable living or looking for tax benefits should note the county's commitment to supporting energy-efficient initiatives. With the median credit amount reaching a peak of $2,060.56 in 2018, Tuscaloosa County demonstrates robust incentives for property development focused on sustainability.
Average Real Estate Taxes Per Tax Return in Tuscaloosa County, AL Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Tuscaloosa County, Alabama have seen a notable upward trajectory. In 2012, the average was about $1,072.25, gradually increasing each year and then seeing a significant jump from $1,248.28 in 2017 to nearly $1,898.50 in 2018. By 2021, the average real estate tax per return reached approximately $2,124.53. This trend suggests a rising demand and potential increase in property values, making it a point of interest for investors and those considering property development or relocation in the area.
Percentage of Farm Returns in Tuscaloosa County, AL Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Tuscaloosa County, Alabama has shown a slight but notable decline from 1.19% in 2012 to 1.07% in 2021. This trend indicates a gradual decrease in farming activities or profitability as reflected in tax filings. Farm tax returns encompass filings that report income, expenses, and other financial details related to farm operations, hinting at broader economic trends. For potential investors, builders, or residents, this could signify shifts in the local agricultural economy, perhaps making way for different types of development or investment opportunities.
Number of Mortgages by Occupancy Type in Tuscaloosa County, AL Over the Last 5 Years in Tuscaloosa County
The number of mortgages in Tuscaloosa County, Alabama, has seen notable variations across different occupancy types over the past five years. Principal residences consistently dominate the market, peaking at 13,281 in 2021, possibly reflecting a strong demand for primary living spaces. Meanwhile, investment properties and second residences have shown steadier, lower figures, suggesting niche market activity. Changes in occupancy type can influence property values, insurance premiums, and lending risk profiles, impacting investment strategies and market dynamics. Understanding these trends can help investors, real estate professionals, and residents make informed decisions about property development and market positioning.
Economic Outlook
Tuscaloosa County has witnessed significant economic growth over the past decade, marked by a steady rise in average taxable income per tax return from $52,801.95 in 2013 to $70,617.73 in 2021. Despite these gains, average state and local income taxes have surged from $4,533.99 in 2012 to $11,385.69 in 2021, potentially affecting the cost of living. Total tax liability has also increased from $9,261.85 in 2012 to $11,771.92 in 2021. The percentage of residents under the poverty line peaked at... Read more
Average Taxable Income per Tax Return in Tuscaloosa County, AL over the last 9 years
Over the past nine years, Tuscaloosa County has seen a consistent rise in average taxable income per tax return, increasing from $52,801.95 in 2013 to $70,617.73 in 2021. This upward trend suggests economic growth and higher earning potential for residents, making it an attractive area for potential movers and current residents seeking better financial opportunities.
Average State and Local Income Taxes Per Tax Return in Tuscaloosa County, AL Over the Last 10 Years
Over the past decade, Tuscaloosa County, AL has seen significant increases in average state and local income taxes per tax return, highlighting a steep rise from $4,533.99 in 2012 to an impressive $11,385.69 in 2021. Notably, the sharpest upticks occurred between 2017 and 2018, and again from 2020 to 2021. This substantial tax hike may affect the local cost of living and should be a consideration for potential movers and current residents evaluating their financial planning and disposable income.
Average Total Tax Liability Per Tax Return in Tuscaloosa County, AL Over the Last 10 Years
Tuscaloosa County has seen a consistent rise in the average total tax liability per tax return over the past decade, jumping from $9,261.85 in 2012 to $11,771.92 in 2021. This increase highlights a growing economic trend that could impact decisions related to investments, property developments, and relocation. For potential investors or residents, understanding this financial trajectory is critical as it reflects both increasing incomes and possibly higher cost of living in the area.
Cost of Living in Tuscaloosa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,292 | $1,645 | $1,870 | $1,202 | $1,384 |
| 1 adult 4 children | $1,292 | $1,343 | $1,394 | $1,202 | $1,424 |
| 2 adults 3 children | $1,292 | $1,344 | $1,640 | $1,202 | $1,154 |
| 1 adult 3 children | $1,292 | $1,097 | $1,164 | $1,202 | $1,182 |
| 2 adults 2 children | $1,030 | $1,100 | $1,411 | $1,042 | $987 |
| 1 adult 2 children | $1,030 | $822 | $935 | $1,042 | $911 |
| 2 adults 1 child | $1,030 | $869 | $1,181 | $520 | $902 |
| 1 adult 1 child | $1,030 | $562 | $705 | $520 | $726 |
| 2 adults | $832 | $698 | $952 | $0 | $746 |
| 1 adult | $826 | $381 | $476 | $0 | $624 |
Safety trends & Data
Property crime trends in Tuscaloosa County, Alabama, over the last five years suggest a noteworthy decline in various offenses. Burglary and larceny-theft incidents have sharply decreased from 144.00 and 571.00 cases in 2018 to 55.00 and 226.00 cases in 2022. Motor vehicle theft and fraud have also trended downward, potentially highlighting enhanced community safety and effective law enforcement strategies. These trends might be crucial for investors, homebuyers, and real estate agents, as... Read more
Property Crime Trends in Tuscaloosa County, AL Over the Last 5 Years
Property crime trends in Tuscaloosa County, Alabama, over the last five years suggest a significant decline in various offenses. Burglary and larceny-theft incidents have sharply decreased from 144.0 and 571.0 cases in 2018 to 55.0 and 226.0 cases respectively in 2022. Motor vehicle theft and fraud have also shown a downward trend, potentially indicating enhanced community safety and effective law enforcement strategies. Such trends are crucial for investors, homebuyers, and real estate agents, as lower crime rates can correlate with higher property values and lower insurance premiums.
Demographics
Tuscaloosa County, Alabama, shows interesting gender dynamics with a slight female majority in the adult population. Educational attainment reveals a strong base with high school graduates being the largest group, though college attendance is significant, especially at the bachelor's level. The age distribution is notably youthful, particularly in the 20 to 24 age range, likely driven by local universities. Racial diversity is predominantly White and African American, with smaller... Read more
Race Distribution in Tuscaloosa County, Alabama (2022)
Educational Attainment in Tuscaloosa County, Alabama (2022)
Age Distribution in Tuscaloosa County, Alabama
Citizen Population in Tuscaloosa County, Alabama (2022)
Political Trends & Data
Tuscaloosa County, Alabama demonstrated a noticeable preference for the Republican party in the 2020 U.S. Presidential Election, with approximately 57% of the vote, compared to around 42% for Democrats. Minor parties, such as the Libertarian and Green parties, saw minimal impact, with only a small percentage attributed to other or independent candidates. This political inclination could potentially impact local policies and influence the real estate market trends, as economic strategies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tuscaloosa County, Alabama, the 2020 U.S. Presidential Election results leaned towards the Republican party with roughly 57% of the vote, while Democrats garnered about 42%. Other parties, including Libertarian and Green, didn't register significant support, though there was a small percentage attributed to other or independent candidates.
56.69% of voters voted for the Republican party in the 2020 Presidential Election
41.88% of voters voted for the Democrat party in the 2020 Presidential Election
1.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Tuscaloosa County, Alabama, the student-to-teacher ratio has increased from around 16 students per teacher in 2014 to over 18 in 2023, peaking at 19 in 2022. This trend surpasses the national average of 14, potentially signaling challenges in individualized student attention. For real estate investors and builders, the uptick in student-to-teacher ratio could influence perceptions of school quality, a significant factor for relocating families and impacting property values. Appraisers and... Read more
Student-to-teacher ratio in Tuscaloosa County, Alabama over the last 10 years
Over the last decade, the student-to-teacher ratio in Tuscaloosa County, Alabama has seen a gradual increase from around 16 students per teacher in 2014 to over 18 in 2023, with a peak of approximately 19 in 2022. This is consistently above the national average of 14 students per teacher and might suggest potential challenges in providing individualized attention to students. For real estate investors and builders, these trends could impact the perceived quality of local schools, a key consideration for families looking to relocate. Similarly, appraisers and insurance agents should consider the implications of educational support on property values and community risk assessments.
