Clay County Real Estate and Livability Trends
Clay County, Arkansas has seen a rise in average taxable income, from $38,163.38 in 2013 to $46,923.82 in 2021, reflecting steady economic growth. Median home values climbed modestly, from $63,900 in 2015 to $85,800 in 2022, making the area appealing for budget-friendly investments. The increase in residential energy tax credits points to a growing interest in energy-efficient upgrades. Declines... Read more
Clay County Market Trends
Over eight years, Clay County, Arkansas, has seen median home values rise from $63,900 in 2015 to $85,800 in 2022, suggesting more accessible housing options. This modest growth compared to the national surge makes the county a potential target for budget-friendly investment. The spike in residential energy tax credits—from $228.57 in 2013 to $1,060.00 in 2021—points to increasing interest in... Read more
Median Value of Occupied Housing Units in Clay County, Arkansas Over the Last 8 Years
Over the past eight years, median home values in Clay County, Arkansas, exhibited a gradual rise from $63,900 in 2015 to $85,800 in 2022. While this increase is modest compared to the national median, which surged from $125,500 to $179,400 in the same period, it does signify Clay County might offer more accessible housing options. In contrast, state-wide figures rose from $111,400 to $162,400, placing Clay County on the more affordable end of Arkansas's housing market. This could suggest investment opportunities for those looking to enter a developing market or seeking more budget-friendly housing.
Residential Energy Tax Credit Per Tax Return in Clay County, AR Over the Last 6 Years
Over the past six years, Clay County, Arkansas has seen significant fluctuations in residential energy tax credits per tax return. Notably, between 2013 and 2021, there's been a huge spike—a rise from $228.57 in 2013 to a high of $1,060.00 in 2021. This indicates a growing emphasis on energy-efficient upgrades and could signal a lucrative opportunity for investors and builders focusing on green energy solutions. Even with some variability, the overall upward trend suggests increasing incentives and demand for energy-efficient residential properties, making it a hot spot for those interested in eco-friendly investments.
Average Real Estate Taxes Per Tax Return in Clay County, AR Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Clay County, Arkansas, have shown a general upward trend, increasing from approximately $1,007.69 in 2012 to around $1,322.22 in 2021. Notable peaks occurred in 2018 and 2020 at $1,466.67 and $1,516.67 respectively, suggesting periods of higher tax rates or increased property valuations. This could be a reflection of changing economic conditions or shifts in county tax policies, potentially impacting decisions for real estate investors and prospective homeowners.
Percentage of Farm Returns in Clay County, AR Over the Last 10 Years
Farm tax returns in Clay County, Arkansas have shown a slight downward trend over the past decade, starting at 7.77% in 2012 and decreasing to 6.44% by 2021. These percentages reflect the proportion of all tax returns in the county that are farm-related, indicating a modest decline in agricultural tax filings. For investors or individuals looking to build property or relocate here, this shift might signal changing economic conditions, potentially moving away from a primarily agrarian economy. Understanding these changes can be crucial for making informed decisions about property investments and future growth prospects.
Number of Mortgages by Occupancy Type in Clay County, AR Over the Last 5 Years in Clay County
In Clay County, Arkansas, mortgage counts over the last five years reveal varying interest in different property types. The dominant category is consistently principal residences, with a notable peak of 533 mortgages in 2021. Conversely, investment properties and second residences show smaller, yet fluctuating figures. Investors might find the growth in principal residence mortgages particularly relevant, possibly indicating stable or rising housing demand. Shifts in mortgage patterns could signal underlying economic trends or changing demographics, influencing investment strategies, appraisal values, and even insurance rates. Understanding these dynamics is crucial for those planning to move, build, or sell property in the area.
Economic Outlook
Clay County, Arkansas has seen a marked rise in average taxable income per tax return, climbing from $38,163.38 in 2013 to $46,923.82 in 2021. This upward trend indicates steady economic growth, attracting investors and property developers keen on a region with improving financial health. However, with average state and local income taxes per tax return jumping from $6,400.00 in 2012 to $13,200.00 in 2021, potential residents might need to factor in this growing tax burden. The average total... Read more
Average Taxable Income per Tax Return in Clay County, AR over the last 9 years
Over the last nine years, Clay County, AR has experienced a notable increase in average taxable income per tax return, rising from $38,163.38 in 2013 to $46,923.82 in 2021. This upward trend signals steady economic growth, making it an attractive prospect for investors and property developers looking to capitalize on a region with improving financial health. The consistent rise in taxable income also speaks to better earning potential for residents, which can be a key factor for those considering relocation to the county.
Average State and Local Income Taxes Per Tax Return in Clay County, AR Over the Last 10 Years
Over the past decade, Clay County, AR has seen a significant increase in average state and local income taxes per tax return, with figures rising from $6,400.00 in 2012 to $13,200.00 in 2021. This notable upward trend highlights a growing tax burden that potential residents may need to consider. The sharp increases, particularly post-2018, may impact financial planning and budgetary decisions for both current and new residents.
Average Total Tax Liability Per Tax Return in Clay County, AR Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Clay County, Arkansas, has shown some fluctuation, typically ranging between $5,449.74 and $6,336.14. Notably, there was a significant increase in 2021, reaching the highest point at $6,336.14. This upward trend suggests a growing economic burden on residents, which could impact decisions related to investment, property development, and relocation.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $917 | $1,214 | $1,862 | $966 | $906 |
| 1 adult 4 children | $917 | $992 | $1,425 | $966 | $1,024 |
| 2 adults 3 children | $917 | $992 | $1,616 | $966 | $722 |
| 1 adult 3 children | $917 | $810 | $1,178 | $966 | $769 |
| 2 adults 2 children | $720 | $812 | $1,369 | $839 | $641 |
| 1 adult 2 children | $720 | $607 | $931 | $839 | $594 |
| 2 adults 1 child | $720 | $642 | $1,122 | $426 | $616 |
| 1 adult 1 child | $720 | $415 | $684 | $426 | $540 |
| 2 adults | $547 | $516 | $875 | $0 | $509 |
| 1 adult | $543 | $281 | $438 | $0 | $490 |
Safety trends & Data
Property crime in Clay County, Arkansas has seen notable fluctuations over the past five years. Larceny-theft peaked at 30.00 incidents in 2019 but dropped to 17.00 by 2022. Burglary incidents remained stable, averaging around 9.00 to 10.00 each year. Interestingly, fraud and motor vehicle theft were minimal, hinting at a potentially safer facet for investors. Vandalism, however, varied significantly, reaching a high of 11.00 incidents in 2021, hinting at occasional social unrest. These nuanced... Read more
Property Crime Trends in Clay County, AR Over the Last 5 Years
Property crime in Clay County, Arkansas shows a notable fluctuation over the last five years. Larceny-Theft, a major concern, peaked at 30.00 incidents in 2019 but then receded to 17.00 by 2022. Burglary remained relatively stable, hovering around 9.00 to 10.00 incidents annually. Interestingly, fraud and motor vehicle theft remained minimal throughout, hinting at a potentially safer aspect for potential investors. Vandalism incidents varied significantly, with a high of 11.00 in 2021, suggesting sporadic social unrest. For real estate agents and insurance agents, these nuanced crime trends could influence property valuations and insurance premiums.
Demographics
In Clay County, Arkansas, the adult population skews slightly female with numbers approximating 5,448 males and 6,007 females. Educational attainment shows most adults have completed high school or some college, but fewer pursue higher education beyond a bachelor's degree. The county's age distribution suggests a balanced mix across age groups, though there's perhaps a notable bulge in those aged 25 to 64. Racially, the county is predominantly White, with very few residents identifying as Black... Read more
Race Distribution in Clay County, Arkansas (2022)
Educational Attainment in Clay County, Arkansas (2022)
Age Distribution in Clay County, Arkansas
Citizen Population in Clay County, Arkansas (2022)
Political Trends & Data
In Clay County, Arkansas, political leanings could influence local real estate trends. With Republicans potentially securing nearly 79% of the vote, the area's policies and community preferences might align with low tax rates and pro-business environments, which could attract investors and small business owners. Democrats, making up around 18.6%, alongside minimal support for Libertarians and Greens, suggest a community that might hold steady conservative values. This dynamic could shape the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clay County, Arkansas, potentially leans heavily toward the Republican side, with nearly 79% of the vote. Democrats might trail significantly behind at about 18.6%, while Libertarians and Greens receive minimal support, around 1% and 0.2%, respectively. The "Other" category hovers at approximately 1.4%, indicating local preferences that could affect smaller party dynamics.
78.83% of voters voted for the Republican party in the 2020 Presidential Election
18.56% of voters voted for the Democrat party in the 2020 Presidential Election
1.02% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
1.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Clay County, Arkansas, has seen a decline in the student-to-teacher ratio over the last decade, now at 11 students per teacher, which is lower than the national average of 14. This improvement may appeal to families seeking more individualized education for their children. For real estate agents and investors, this could serve as a valuable selling point, indicating a community investment in educational infrastructure that enhances property value and... Read more
Student-to-teacher ratio in Clay County, Arkansas over the last 10 years
Over the last decade, Clay County, Arkansas, has experienced a decrease in the student-to-teacher ratio, stabilizing well below the current national average of 14 students per teacher. As of 2023, the ratio stands at 11, reflecting an improvement in personalized educational attention. This trend can be attractive to families considering relocation, promising a more individualized learning environment for their children. For real estate agents and investors, the lower ratio may signal a compelling selling point for properties in the area. Similarly, those in the educational sector or insurance field might find these numbers indicative of a community investing in its educational infrastructure, enhancing both the value and marketability of local properties.
