Winston County Real Estate and Livability Trends
Winston County, Alabama, has experienced significant economic growth, with average taxable income rising from $41,304.48 in 2013 to $62,876.67 in 2021, accompanied by surges in state and local income taxes. Median home values have climbed from $81,500 in 2015 to $111,600 in 2022, making the area attractive for investors despite increased property taxes reaching $2,412.50 per return in 2021. The... Read more
Winston County Market Trends
Winston County, Alabama has seen its median home values rise from $81,500 in 2015 to $111,600 in 2022, outpacing Alabama and national trends despite lower overall values. This makes the area appealing for potential investors seeking growth in an emerging market with lower entry costs. The significant increase in residential energy tax credits, from $330.77 in 2013 to $800.00 in 2021, suggests a... Read more
Median Value of Occupied Housing Units in Winston County, Alabama Over the Last 8 Years
Winston County, Alabama has experienced a steady increase in median home values over the past eight years, rising from $81,500 in 2015 to $111,600 in 2022. This upward trend is compelling compared to both Alabama and national averages. While home values in Winston County are generally lower than the state and national figures, with national values reaching $179,400 in 2022, the county's growth trajectory signals a potentially lucrative investment opportunity in a market that's catching up. This could be particularly intriguing for those looking to buy or invest in a less saturated area with promising growth while benefiting from lower entry costs.
Residential Energy Tax Credit Per Tax Return in Winston County, AL Over the Last 8 Years
Winston County, Alabama has seen a notable increase in residential energy tax credits over the past eight years. The average tax credit per return has risen from $330.77 in 2013 to a substantial $800.00 by 2021. This upward trend, especially the significant jump observed in 2020, highlights a growing investment in energy efficiency among homeowners. For potential investors or property developers, this suggests a strong local emphasis on sustainability, which could enhance property values and attract eco-conscious residents.
Average Real Estate Taxes Per Tax Return in Winston County, AL Over the Last 10 Years
Real estate taxes per tax return in Winston County, Alabama have seen notable fluctuations over the last decade. From 2012 to 2017, values ranged between approximately $886.51 and $1,006.56, reflecting steady but modest increases. However, from 2018 onwards, there was a significant jump, with 2021's average reaching $2,412.50. This substantial rise in the recent years might suggest increased property values or changes in local tax policies, potentially impacting property investment and ownership costs.
Percentage of Farm Returns in Winston County, AL Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Winston County, Alabama, has fluctuated slightly but overall appears to be trending downwards. Starting at 5.86% in 2012, it experienced minor rises and falls, ending up at 4.77% by 2021. This trend could be indicative of a shifting local economy or changes in the agricultural sector's viability. For anyone considering investment, moving, or developing property in Winston County, these changes in farm tax returns might highlight evolving opportunities or the need to diversify economic interests. Farm tax returns typically reflect the number of farms reporting income, an important metric for understanding rural economic health and investment potential.
Number of Mortgages by Occupancy Type in Winston County, AL Over the Last 5 Years in Winston County
In Winston County, Alabama, mortgage data over the last five years shows some noteworthy trends in occupancy types. Principal residences consistently lead the pack, peaking in 2021 before a drop in 2022. Second residences also saw a significant decrease post-2021, indicating potential shifts in demand or economic conditions. Investment properties display a steady but significantly lower count compared to other categories, which might suggest a stable but less dynamic market for investment opportunities. Understanding these shifts can be crucial for investors seeking stable returns, real estate agents targeting buyer types, insurance agents evaluating risk, and anyone else keen on the local real estate context.
Economic Outlook
Winston County, Alabama, has experienced a notable rise in economic indicators over the past decade, with average taxable income per tax return increasing from $41,304.48 in 2013 to $62,876.67 in 2021. This upward trend, especially pronounced in 2020 and 2021, mirrors the increases in state and local income taxes, which surged from $4,275.74 to $11,572.73, and total tax liability, which climbed from $6,037.36 to $9,826.74 during the same period. These shifts suggest a strengthening local... Read more
Average Taxable Income per Tax Return in Winston County, AL over the last 9 years
Over the past nine years, Winston County, AL has seen a notable increase in average taxable income per tax return, rising from $41,304.48 in 2013 to $62,876.67 in 2021. This consistent upward trend, with significant jumps particularly in 2020 and 2021, highlights a strengthening local economy which may appeal to potential new residents and current inhabitants looking for financial stability.
Average State and Local Income Taxes Per Tax Return in Winston County, AL Over the Last 10 Years
Winston County, AL has experienced an increase in state and local income taxes per tax return over the past decade, with a notable surge beginning in 2017. Average taxes per return rose from $4,275.74 in 2012 to $11,572.73 in 2021, indicating a significant economic shift. This trend is crucial for prospective movers and current residents as it reflects changes in the financial landscape of the county, potentially impacting cost of living and disposable income.
Average Total Tax Liability Per Tax Return in Winston County, AL Over the Last 10 Years
Winston County, Alabama, has seen a substantial rise in the average total tax liability per tax return over the past decade, climbing from $6,037.36 in 2012 to $9,826.74 in 2021. The significant jump in 2020 and 2021 suggests an increase in either income levels or tax rates, highlighting economic growth or policy changes. This trend is crucial for potential investors, residents, and property developers as it indicates a rising financial obligation but also potential signs of a flourishing local economy.
Cost of Living in Winston County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,014 | $1,271 | $1,917 | $1,373 | $1,204 |
| 1 adult 4 children | $1,014 | $1,038 | $1,430 | $1,373 | $1,221 |
| 2 adults 3 children | $1,014 | $1,038 | $1,682 | $1,373 | $982 |
| 1 adult 3 children | $1,014 | $848 | $1,194 | $1,373 | $1,007 |
| 2 adults 2 children | $740 | $850 | $1,446 | $1,192 | $860 |
| 1 adult 2 children | $740 | $635 | $959 | $1,192 | $765 |
| 2 adults 1 child | $740 | $672 | $1,210 | $605 | $774 |
| 1 adult 1 child | $740 | $434 | $723 | $605 | $632 |
| 2 adults | $562 | $540 | $975 | $0 | $629 |
| 1 adult | $560 | $294 | $487 | $0 | $530 |
Safety trends & Data
Winston County, Alabama's property crime rates have shown some fluctuation over the past five years. Notably, burglary and larceny-theft decreased from 2018 to 2020, but then saw an uptick in 2021 and 2022. Arson spiked in 2018 but has since seen no reported incidents. Fraud and embezzlement have generally remained low. This varying trend indicates that while there may be an overall decline in property crimes, the occasional rise highlights the need for continued vigilance from potential... Read more
Property Crime Trends in Winston County, AL Over the Last 5 Years
Winston County, Alabama has seen fluctuating property crime rates over the past five years, with notable decreases in burglary and larceny-theft from 2018 to 2020, followed by an uptick in these crimes in 2021 and 2022. Arson spikes were seen in 2018, but no incidents were reported in subsequent years. Fraud and embezzlement incidents have generally remained low, presenting a relatively smaller concern for the region. This data suggests that while property crimes have somewhat decreased, occasional rises point to ongoing vigilance for potential investors, residents, and real estate professionals.
Demographics
Winston County, Alabama, presents some intriguing demographic insights. The gender distribution is relatively balanced with a slight female majority. In terms of educational attainment, high school graduates dominate, while a noticeable gap exists in higher education levels beyond a bachelor's degree. Age distribution skews towards older adults, especially those aged 55 to 64, indicating potential trends in aging or retirement within the region. The racial makeup is overwhelmingly White, with... Read more
Race Distribution in Winston County, Alabama (2022)
Educational Attainment in Winston County, Alabama (2022)
Age Distribution in Winston County, Alabama
Citizen Population in Winston County, Alabama (2022)
Political Trends & Data
Winston County, Alabama, skewed heavily Republican in the 2020 U.S. Presidential Election, with nearly 90% of votes likely going to the Republican candidate. This strong conservative presence might shape local policy and political discourse, potentially impacting regulations and decisions in the real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Winston County, Alabama, leaned overwhelmingly Republican in the 2020 U.S. Presidential Election, with nearly 90% of votes potentially going to the Republican candidate. In contrast, the Democratic candidate may have captured just over 8%, while third-party or other candidates garnered a negligible share. This significant skew towards one party could imply a strong conservative presence and might influence local policy and political discussions.
90.35% of voters voted for the Republican party in the 2020 Presidential Election
8.63% of voters voted for the Democrat party in the 2020 Presidential Election
1.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Winston County, Alabama, has seen its student-to-teacher ratios fluctuate from 14 to 21 over the past decade, often operating well above the national average of 14. In 2022, the ratio peaked at nearly 21 students per teacher, potentially affecting the real estate market by influencing families who prioritize quality education. For property appraisers and insurance agents, these ratios might indicate potential strain on local resources, while developers and builders could see this as a signal... Read more
Student-to-teacher ratio in Winston County, Alabama over the last 10 years
Winston County, Alabama, has seen significant fluctuations in its student-to-teacher ratio over the past decade, ranging from a low of 14 to a high of 21. While the national average stands at 14 students per teacher, Winston County often operates well above this mark, peaking at nearly 21 students per teacher in 2022. This trend could impact those looking to invest in the area's real estate market, as lower ratios often attract families seeking quality education environments. Property appraisers and insurance agents might also factor these ratios into their assessments, as higher student-to-teacher ratios can suggest potential strain on educational resources. Additionally, developers and builders may use this data to gauge the need for new school constructions or expansions. Real estate agents could leverage this data to better inform prospective clients about the educational landscape in Winston County.
