Cleveland County Real Estate and Livability Trends
Cleveland County, Arkansas is exhibiting a steady rise in average taxable income per tax return, from about $46,620.94 in 2013 to $57,529.22 in 2021, hinting at economic growth and potentially appealing to new residents and investors. Meanwhile, home values peaked at $109,200 in 2022, suggesting a resilient and affordable market. A significant uptick in residential energy tax credits also... Read more
Cleveland County Market Trends
Home values in Cleveland County, Arkansas, have generally risen, peaking at $109,200 in 2022, suggesting a resilient market ripe for affordable investment, especially compared to higher state and national medians. A sharp increase in residential energy tax credits, from $325.00 in 2013 to $5,333.33 in 2020, underscores a trend towards energy-efficient home improvements, positioning the county as... Read more
Median Value of Occupied Housing Units in Cleveland County, Arkansas Over the Last 8 Years
Cleveland County, Arkansas has experienced a mixed but overall upward trend in median home values over the last 8 years, culminating in a peak at $109,200 in 2022. Despite fluctuations, this can suggest a resilient market with potential for growth, especially when compared to the state median of $162,400 and the national median of $179,400 in 2022. The relatively lower median values in Cleveland County could present opportunities for affordable investment or homeownership in a developing area.
Residential Energy Tax Credit Per Tax Return in Cleveland County, AR Over the Last 6 Years
Cleveland County, Arkansas has seen a significant increase in the average residential energy tax credit per tax return over the past six years. Starting relatively modestly with $325.00 in 2013 and peaking dramatically at $5,333.33 in 2020, the figures indicate a growing investment in energy-efficient home improvements. This trend underscores the county's shift towards sustainable living, making it an attractive locus for those looking to invest in eco-friendly housing and lower long-term energy costs. Potential investors, homeowners, and developers can find lucrative opportunities in this robust trend towards energy efficiency.
Average Real Estate Taxes Per Tax Return in Cleveland County, AR Over the Last 10 Years
Average real estate taxes per tax return in Cleveland County, Arkansas have shown a general upward trend over the past decade, starting at around $951.02 in 2012 and reaching approximately $1,355.56 in 2021. Notable spikes occur in 2017 and 2019, which hint at potential reasons for increased revenue needs or changes in property valuations. This trend could be crucial for potential investors or residents considering property investments, revealing a gradual increase in carrying costs associated with real estate ownership over time.
Percentage of Farm Returns in Cleveland County, AR Over the Last 10 Years
Cleveland County, Arkansas has seen a gradual increase in the percentage of farm tax returns over the past decade, rising from 5.05% in 2012 to 5.56% in 2021. This consistent growth, peaking at 6.07% in 2019, highlights the county's growing agricultural sector. For potential investors or property developers, this trend suggests a solid foundation in agricultural economic activity, indicating stability and potential for further development in the agricultural sector. Farm tax returns are filings by farm owners reporting their income and expenses, and increasing percentages of these returns signify a flourishing farming community, a critical factor for assessing long-term investments or relocations tied to agribusiness.
Number of Mortgages by Occupancy Type in Cleveland County, AR Over the Last 5 Years in Cleveland County
Cleveland County, Arkansas has seen a noticeable shift in mortgage trends over the last five years, particularly regarding occupancy types. Principal Residences dominate, with spikes in 2020 and 2021 reaching 256 and 302 mortgages, respectively. Investment Property mortgages, however, remain relatively low, peaking at 14 in 2019 and dropping to single digits afterward. Second Residences consistently show minimal activity. Changes in occupancy type can influence investment decisions, as higher principal residence rates may imply a stable family-oriented community, while lower investment property rates could indicate limited opportunities for rental income. This data helps investors, appraisers, and real estate agents gauge market stability and growth potential in Cleveland County.
Economic Outlook
Cleveland County, Arkansas, has experienced a steady rise in average taxable income per tax return, climbing from about $46,620.94 in 2013 to $57,529.22 in 2021. This suggests economic growth and greater earning potential, potentially appealing to investors and new residents. Concurrently, state and local income taxes have increased, with the average tax value rising from $5,054.72 in 2012 to $7,244.44 in 2021, hinting at a growing fiscal demand. These trends are supported by a general increase... Read more
Average Taxable Income per Tax Return in Cleveland County, AR over the last 9 years
Cleveland County, AR has seen a consistent rise in average taxable income per tax return over the past nine years, jumping from approximately $46,620.94 in 2013 to $57,529.22 in 2021. This trend highlights economic growth and increased earning potential in the region, making it an attractive option for potential investors, property developers, and new residents seeking a financially promising community.
Average State and Local Income Taxes Per Tax Return in Cleveland County, AR Over the Last 10 Years
Examining Cleveland County, AR, you'll notice a significant increase in state and local income taxes per tax return over the past decade. The average tax value jumped from $5,054.72 in 2012 to $7,244.44 in 2021, indicating a rising burden on residents. Particularly notable are the substantial increments in 2018 and 2021, where the taxes exceeded $6,500 and $7,200 respectively. This trend is crucial for those considering moving to the area as it reflects a growing fiscal demand that could impact overall cost of living.
Average Total Tax Liability Per Tax Return in Cleveland County, AR Over the Last 10 Years
Cleveland County, Arkansas, has seen a general upward trend in total tax liability per tax return over the past decade, peaking notably in 2021 at $7,062.66. The notable jump from $5,328.51 in 2012 suggests an increased earning potential or shifts in the economic landscape. This upward trend highlights the county's growing economic strength, making it an attractive spot for investors and those considering building property in the area.
Cost of Living in Cleveland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $864 | $1,367 | $1,899 | $1,281 | $1,125 |
| 1 adult 4 children | $864 | $1,117 | $1,452 | $1,281 | $1,280 |
| 2 adults 3 children | $864 | $1,117 | $1,648 | $1,281 | $878 |
| 1 adult 3 children | $864 | $912 | $1,201 | $1,281 | $1,002 |
| 2 adults 2 children | $686 | $914 | $1,397 | $1,120 | $780 |
| 1 adult 2 children | $686 | $683 | $950 | $1,120 | $756 |
| 2 adults 1 child | $686 | $723 | $1,146 | $596 | $712 |
| 1 adult 1 child | $686 | $467 | $698 | $596 | $624 |
| 2 adults | $521 | $581 | $894 | $0 | $547 |
| 1 adult | $488 | $317 | $447 | $0 | $505 |
Safety trends & Data
Property crime trends in Cleveland County, Arkansas, have seen fluctuations but remain relatively low over the past four years. Larceny-theft incidents slightly increased, peaking at three in 2021, while burglary and vandalism show sporadic occurrences. This data implies an environment that may be mostly stable but suggests potential investors, new residents, and insurance firms should keep a close... Read more
Property Crime Trends in Cleveland County, AR Over the Last 4 Years
Property crime trends in Cleveland County, Arkansas, indicate a fluctuating yet relatively low crime rate over the past four years. Notably, incidents of larceny-theft slightly increased, peaking at three in 2021. Burglary and vandalism have seen more sporadic occurrences. The data suggests an environment that is somewhat stable but worth close monitoring, particularly for those investing in property, moving in, or involved in real estate or insurance within the county.
Demographics
Cleveland County, Arkansas, exhibits slight gender imbalance with a higher number of females compared to males. A significant portion of the population has achieved at least a high school diploma, but higher education degrees are relatively less common. Age distribution shows a substantial proportion in the 55 to 64 years bracket, hinting at an older demographic. The racial makeup is highly homogeneous with the vast majority identifying as White, while other racial groups are minimally... Read more
Race Distribution in Cleveland County, Arkansas (2022)
Educational Attainment in Cleveland County, Arkansas (2022)
Age Distribution in Cleveland County, Arkansas
Citizen Population in Cleveland County, Arkansas (2022)
Political Trends & Data
Cleveland County, Arkansas showed a strong Republican preference in the 2020 U.S. Presidential Election, with the GOP capturing nearly 80% of the vote. This significant margin might point to weak Democratic organizational strength or low enthusiasm in the area. Third-party candidates like Libertarians and Greens struggled to gain traction, underscoring a robust two-party system in this rural community. These trends could mirror broader statewide patterns, though local dynamics are undoubtedly... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cleveland County, Arkansas leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 80% of the vote. Democrats trailed significantly, perhaps indicating lower enthusiasm or organizational strength in the area. Third-party candidates, including Libertarians and Greens, barely made a dent, suggesting strong two-party dominance in this rural region. This could reflect broader statewide trends, although local factors also likely play a role.
79.64% of voters voted for the Republican party in the 2020 Presidential Election
18.08% of voters voted for the Democrat party in the 2020 Presidential Election
0.75% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
1.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Cleveland County, Arkansas, the student-to-teacher ratio has fallen from roughly fifteen students per teacher in 2016 to about eleven in recent years. This trend may indicate smaller class sizes, making the area appealing for families seeking personalized education. For real estate agents and property investors, highlighting this advantage could enhance property marketability, potentially impacting property values and insurance... Read more
Student-to-teacher ratio in Cleveland County, Arkansas over the last 10 years
In Cleveland County, Arkansas, the student-to-teacher ratio has experienced a noticeable decline over the past decade, starting from a high of about fifteen students per teacher in 2016 to around eleven in recent years. This shift potentially indicates smaller class sizes, which could be a draw for families seeking more personalized education and may enhance the desirability of the area for new residents. For real estate agents and property investors, this trend could be leveraged to market homes and properties as being in a region with a favorable educational environment compared to the national average of fourteen students per teacher. Lower ratios often suggest enhanced learning environments, which could also influence property values and insurance rates.
