Craighead County Real Estate and Livability Trends
Craighead County, Arkansas has witnessed notable economic growth, with average taxable income per tax return hitting $70,636.69 in 2021, which might draw investors and new residents alike. The median home value rose to $182,600 in 2022, surpassing the state's median and aligning with the national figure, underlining strong property demand. Additionally, the area saw a sharp rise in investment... Read more
Craighead County Market Trends
The median home value in Craighead County, Arkansas has seen consistent growth, reaching $182,600 in 2022, outpacing the state's median of $162,400 and aligning closely with the national median of $179,400. Residential energy tax credits have fluctuated, peaking at $1,733.33 in 2018, reflecting periodic investments in energy-efficient homes. Real estate taxes nearly doubled in the past decade,... Read more
Median Value of Occupied Housing Units in Craighead County, Arkansas Over the Last 8 Years
The median home value in Craighead County, Arkansas has experienced a steady rise over the past eight years, peaking at $182,600 in 2022. This rate of growth slightly outpaces the overall state trend, which saw the median value rise to $162,400 in the same year. Compared to the national median of $179,400, Craighead County reflects a competitive market, suggesting relative affordability with potential for appreciation. Investors, homebuyers, and developers might find this area promising due to its consistent value increase, which may indicate strong local demand and a stable real estate environment.
Residential Energy Tax Credit Per Tax Return in Craighead County, AR Over the Last 9 Years
Craighead County, Arkansas has seen significant fluctuations in residential energy tax credits per tax return over the last nine years. The average credit ranged from a low of $310.00 in 2015 to a peak of $1,733.33 in 2018. Notably, there were sharp increases in 2016 and 2021, suggesting periodic spikes in energy-efficient home investments. These trends are crucial for investors and homeowners as they indicate a varying yet notable return on investments in residential energy efficiency, potentially influencing property values and community sustainability efforts.
Average Real Estate Taxes Per Tax Return in Craighead County, AR Over the Last 10 Years
Craighead County, Arkansas has seen a notable increase in average real estate taxes per tax return over the last decade, rising from approximately $1,551.81 in 2012 to about $3,184.11 in 2021. This upward trend could suggest a growing demand for property, likely influenced by factors such as economic development, population growth, and possibly an increasing property market value in the area. The significant rise between 2017 and 2018, almost $1,000, might indicate specific local factors or legislative changes impacting real estate taxes around that period. This could be an important consideration for potential investors, homebuyers, and property developers evaluating the financial climate of Craighead County.
Percentage of Farm Returns in Craighead County, AR Over the Last 10 Years
Craighead County, Arkansas has seen a subtle yet steady decline in farm tax returns over the last decade, dipping from roughly 1.71% in 2012 to 1.23% in 2021. Farm tax returns document the income and expenses of agricultural operations for tax purposes. This slight downtrend may suggest changing economic conditions or land use priorities in the region. Investors and developers might find these shifts indicative of broader trends in rural property values, agricultural viability, and economic diversification, making it a crucial factor in decision-making.
Number of Mortgages by Occupancy Type in Craighead County, AR Over the Last 5 Years in Craighead County
Craighead County, Arkansas has seen fluctuations in mortgage counts by occupancy type over the last 5 years, with principal residences consistently holding the majority share. Investment properties showed a notable increase from 731 in 2018 to 939 in 2021 before slightly decreasing in 2022. Changes in mortgage types can hint at shifts in property demand and housing stability. For investors, the rise in investment property mortgages might suggest a lucrative rental market. Conversely, a higher number of principal residence mortgages signals robust local demand and potential for community growth, essential for appraisers evaluating home values and developers planning new projects. Real estate agents and insurance agents should note these occupancy trends to better tailor their services to client needs, considering factors like homeowner insurance coverage or rental property management.
Economic Outlook
Craighead County has experienced a steady rise in average taxable income per tax return, reaching $70,636.69 in 2021, which implies solid economic growth and could attract investors and new residents. Concurrently, state and local income taxes have doubled over the decade to $15,860.62, possibly reflecting enhanced local services or growing incomes. Total tax liability per return has also climbed, peaking at $12,271.49 in 2021, suggesting a robust financial growth trajectory. The fluctuating... Read more
Average Taxable Income per Tax Return in Craighead County, AR over the last 9 years
Craighead County has seen a consistent rise in average taxable income per tax return over the past nine years, culminating in a notable jump to $70,636.69 in 2021. This upward trajectory indicates a solid economic growth, making it a compelling area for potential investors, property developers, and anyone looking to relocate. The resilience and steady incline in earnings suggest a robust local economy and promising opportunities for financial stability and business growth.
Average State and Local Income Taxes Per Tax Return in Craighead County, AR Over the Last 10 Years
Craighead County, AR has seen a notable increase in state and local income taxes per tax return over the past decade, rising from $7,168.88 in 2012 to $15,860.62 in 2021. The most significant jumps occurred between 2017 and 2019, with values nearly doubling, which points to substantial economic changes or policy shifts during those years. This trend could indicate a higher tax burden for residents, but it may also reflect growing incomes or enhancements in local services and infrastructure.
Average Total Tax Liability Per Tax Return in Craighead County, AR Over the Last 10 Years
Craighead County, Arkansas has seen a notable upward trend in average total tax liability per return over the past decade, peaking at $12,271.49 in 2021. This steady increase indicates a growing economic base, suggesting a strong financial growth trajectory which is critical for investors, property developers, and new residents. The rise reflects both higher incomes and possibly increased local tax rates, making it a point of consideration for potential movers and stakeholders.
Cost of Living in Craighead County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,088 | $1,363 | $1,899 | $1,281 | $1,129 |
| 1 adult 4 children | $1,088 | $1,113 | $1,452 | $1,281 | $1,312 |
| 2 adults 3 children | $1,088 | $1,114 | $1,648 | $1,281 | $906 |
| 1 adult 3 children | $1,088 | $909 | $1,201 | $1,281 | $1,015 |
| 2 adults 2 children | $840 | $912 | $1,397 | $1,120 | $769 |
| 1 adult 2 children | $840 | $681 | $950 | $1,120 | $743 |
| 2 adults 1 child | $840 | $721 | $1,146 | $596 | $708 |
| 1 adult 1 child | $840 | $465 | $698 | $596 | $623 |
| 2 adults | $665 | $579 | $894 | $0 | $547 |
| 1 adult | $562 | $316 | $447 | $0 | $490 |
Safety trends & Data
In Craighead County, Arkansas, property crime trends over the past five years might be shaping real estate decisions. Significant decreases in burglary—from 175 cases in 2018 to 101 in 2022—and larceny-theft, dropping from 676 to 429 cases in the same period, could hint at better neighborhood safety. However, the spike in arson in 2021 and its sharp decline in 2022 adds an interesting twist. These shifts are intriguing for buyers, appraisers, and investors assessing the area's safety and... Read more
Property Crime Trends in Craighead County, AR Over the Last 5 Years
In Craighead County, Arkansas, property crime trends over the past five years reveal some notable shifts. The most significant decrease can be seen in burglary, dropping from 175 reported cases in 2018 to 101 in 2022. Larceny-theft also shows a downward trend, from 676 cases in 2018 to 429 in 2022, though there was a spike in 2018 and 2019. Fraud incidents varied but generally stayed low, peaking at 46 in 2021. Motor vehicle thefts have remained relatively stable, while arson saw a notable spike in 2021 with 10 cases but drastically reduced to just one case in 2022. These fluctuations are essential for potential real estate buyers, appraisers, and investors aiming to assess the safety and likely appreciation of property in the area.
Demographics
Craighead County, Arkansas's demographic landscape reveals a slightly higher female population. The area's educational profile shows a substantial number of high school graduates and significant engagement in higher education, though fewer residents hold advanced degrees. Younger age groups, particularly students and early-career adults, are predominant, suggesting a youthful demographic with potential for economic and social vibrancy. The racial makeup is predominantly White, with smaller... Read more
Race Distribution in Craighead County, Arkansas (2022)
Educational Attainment in Craighead County, Arkansas (2022)
Age Distribution in Craighead County, Arkansas
Citizen Population in Craighead County, Arkansas (2022)
Political Trends & Data
Craighead County in Arkansas leans heavily Republican with about 66.4% of the vote, compared to the Democrats' 30.9%. Libertarians and Greens have minimal traction at around 1.1% and 0.3% respectively, suggesting strong two-party dominance but a slight interest in third-party options. This largely conservative voter base could impact local policies and development trends, steering them towards more traditional, right-leaning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Craighead County in Arkansas shows a significant lean towards the Republican Party with approximately 66.4% of the votes, while the Democrats captured roughly 30.9%. The Libertarian and Green parties garnered minimal support, at around 1.1% and 0.3%, respectively, indicating a strong two-party preference among voters. This distribution hints at a predominantly conservative voter base, though there's a small yet present interest in third-party alternatives.
66.37% of voters voted for the Republican party in the 2020 Presidential Election
30.95% of voters voted for the Democrat party in the 2020 Presidential Election
1.14% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
1.22% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Craighead County, Arkansas has generally ranged from 14.27 to 15.51, hovering around the national average of fourteen students per teacher. These fluctuations, possibly indicative of shifts in funding, school capacity, or local population changes, could impact educational quality and the levels of attention students receive. For prospective movers, investors, and real estate agents, even slight variances in this ratio might hint at broader... Read more
Student-to-teacher ratio in Craighead County, Arkansas over the last 10 years
Over the past decade, the student-to-teacher ratio in Craighead County, Arkansas has generally fluctuated around the national average of fourteen students per teacher, with values ranging from 14.27 to 15.51. Typically seen as an indicator of classroom density, such fluctuations could suggest shifts in funding, school capacity, or local population changes, potentially impacting educational quality and attention given to each student. For prospective movers, investors, and real estate agents, slight variances in this ratio might hint at larger educational infrastructure trends, which could, in turn, influence property values and community appeal. Appraisers, insurance agents, and builders might find this data useful for assessing risk, demand, and future development needs in this evolving market.
