Faulkner County Real Estate and Livability Trends
Faulkner County, Arkansas, has seen median home values surge from $146,100 in 2015 to $195,800 in 2022, outpacing state and national trends, suggesting a thriving real estate market. This growth is mirrored by rising state and local income taxes, which could be impacting residents' cost-of-living. However, energy-efficient improvements signaled by the rise in average residential energy tax... Read more
Faulkner County Market Trends
Faulkner County, Arkansas, has seen its median home values rise from $146,100 in 2015 to $195,800 in 2022, outpacing state and national trends. Average residential energy tax credits have surged from $373.53 in 2013 to $2,791.30 by 2021, indicating a focus on energy-efficient improvements. Additionally, real estate taxes per return have climbed, peaking at $2,663.57 in 2021, possibly reflecting... Read more
Median Value of Occupied Housing Units in Faulkner County, Arkansas Over the Last 8 Years
Faulkner County, Arkansas, has seen its median home values rise significantly from $146,100 in 2015 to $195,800 in 2022. This growth outpaces both the state of Arkansas and national trends, where median home values reached $162,400 and $179,400 respectively in 2022. For potential investors or new residents, this could indicate a particularly strong local market, suggesting both appreciation potential and a competitive environment. Those already residing in Faulkner County may find this trend reflects an increase in home equity.
Residential Energy Tax Credit Per Tax Return in Faulkner County, AR Over the Last 9 Years
Faulkner County, Arkansas has shown a dramatic increase in average residential energy tax credits per tax return over the past nine years. Notably, from a modest $373.53 in 2013, the value surged to $2,791.30 by 2021. The most significant spikes occurred between 2017 and 2021, reflecting a growing focus on energy-efficient home improvements. This trend suggests a rising opportunity for investment in energy-saving property enhancements and could signal an increasingly eco-conscious community.
Average Real Estate Taxes Per Tax Return in Faulkner County, AR Over the Last 10 Years
Over the past decade, Faulkner County, Arkansas has seen a steady climb in average real estate taxes per tax return, starting at $1,536.50 in 2012 and peaking at $2,663.57 in 2021. Notably, there was a significant spike around 2018, indicating a possible shift in property valuation or tax assessment practices. This trend could suggest growing property values and might be of particular interest to prospective investors, builders, or those considering moving to the area.
Percentage of Farm Returns in Faulkner County, AR Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Faulkner County, Arkansas, has typically hovered between 2.60% and 3.07%. Although there's been a slight downward trend, with a noticeable dip to 2.60% in 2019, the percentage has shown some stabilization around the 2.70% mark in recent years. Farm tax returns serve as a useful metric for assessing the health and presence of agricultural activities in the area, which can be of particular interest to those looking to invest in agricultural properties, move to more rural settings, or build on farmland. This data hints at a steady, yet potentially shifting agricultural base, suggesting there might be emerging opportunities or changes in how land is utilized in Faulkner County.
Number of Mortgages by Occupancy Type in Faulkner County, AR Over the Last 5 Years in Faulkner County
Investment Property mortgages in Faulkner County, Arkansas, have seen some fluctuations over the last five years, with counts ranging from 444 to 748 per year. Principal Residence mortgages peaked in 2020 and 2021, but significantly dropped in 2022, indicating a potential market shift or economic impact. Second Residence mortgages have consistently remained low, suggesting limited interest in secondary homes in the area. Changes in occupancy type can signal transitions in the local economy and market demand. For investors, such shifts may highlight emerging opportunities or risks. Real estate and insurance agents might need to adjust their strategies to align with the altering focus on primary versus investment properties. This data could also offer insights for appraisers on the evolving property valuations and for developers on where to target new projects based on occupancy trends.
Economic Outlook
Faulkner County, Arkansas has shown a consistent rise in average taxable income per tax return, jumping from $52,390.85 in 2013 to $69,082.33 in 2021, signaling potential economic growth. This is coupled with a notable increase in state and local income taxes, escalating from $6,013.29 in 2012 to $12,390.46 by 2021, likely impacting cost-of-living considerations for residents. The upward trend in average total tax liability, reaching $10,388.82 in 2021, suggests rising incomes and property... Read more
Average Taxable Income per Tax Return in Faulkner County, AR over the last 9 years
Over the past nine years, Faulkner County, AR has seen a consistent rise in average taxable income per tax return, climbing from $52,390.85 in 2013 to $69,082.33 in 2021. The significant jump in 2018 and 2021 suggests economic growth and potential increased earning power for residents, making this area increasingly attractive for investors and those looking to move or build property.
Average State and Local Income Taxes Per Tax Return in Faulkner County, AR Over the Last 10 Years
Over the last decade in Faulkner County, AR, there's been a notable rise in average state and local income taxes per tax return. Starting at $6,013.29 in 2012, the figure surged to $12,390.46 by 2021, with significant jumps particularly after 2017. This upward trajectory suggests increasing tax burdens, which could impact decisions on relocation and cost-of-living considerations for current and potential residents.
Average Total Tax Liability Per Tax Return in Faulkner County, AR Over the Last 10 Years
The last decade in Faulkner County, Arkansas, shows a notable upward trend in the average total tax liability per tax return, with figures starting at $7,556.04 in 2012 and soaring to $10,388.82 in 2021. This steady increase, peaking significantly in the most recent year, indicates a growing economic environment and rising incomes or property values. For investors and potential residents, this trend suggests a thriving local economy with possible implications for future growth and property investments.
Cost of Living in Faulkner County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,173 | $1,391 | $1,899 | $1,281 | $1,225 |
| 1 adult 4 children | $1,173 | $1,136 | $1,452 | $1,281 | $1,427 |
| 2 adults 3 children | $1,173 | $1,137 | $1,648 | $1,281 | $993 |
| 1 adult 3 children | $1,173 | $928 | $1,201 | $1,281 | $1,170 |
| 2 adults 2 children | $879 | $931 | $1,397 | $1,120 | $836 |
| 1 adult 2 children | $879 | $695 | $950 | $1,120 | $828 |
| 2 adults 1 child | $879 | $735 | $1,146 | $596 | $768 |
| 1 adult 1 child | $879 | $475 | $698 | $596 | $663 |
| 2 adults | $770 | $591 | $894 | $0 | $628 |
| 1 adult | $756 | $322 | $447 | $0 | $567 |
Safety trends & Data
Faulkner County, Arkansas has seen a fluctuating property crime landscape over the last five years, with larceny-theft peaking at 360.00 incidents in 2018 before declining to 293.00 in 2022. Burglary incidents slightly rose from 25.00 in 2018 to 29.00 in 2022, while motor vehicle theft numbers have remained relatively stable. These crime trends suggest potential shifts in the county's socioeconomic conditions or law enforcement tactics, which could be relevant for investors, real estate agents,... Read more
Property Crime Trends in Faulkner County, AR Over the Last 5 Years
Faulkner County, Arkansas has experienced fluctuations in property crime over the past five years. Larceny-theft has consistently shown the highest numbers, peaking at 360.0 incidents in 2018 and exhibiting slight declines and rebounds, settling at 293.0 in 2022. Burglary and vandalism numbers have also varied, with burglary seeing a small overall increase from 25.0 in 2018 to 29.0 in 2022. Interestingly, the trend for motor vehicle theft has remained relatively low and stable. These shifts could signal subtle changes in the county's socioeconomic factors or law enforcement strategies, which might be worth noting for potential investors, real estate agents, or individuals considering relocating to the area.
Demographics
Faulkner County, Arkansas has a seemingly balanced gender distribution with females slightly outnumbering males. In terms of educational attainment, a notable share of the population has completed high school or some college, though fewer have achieved a college degree. Age distribution shows a relatively youthful demographic, with significant portions of the population under 35 years old. Racially, the county appears predominantly White, though there are small but diverse communities of Black... Read more
Race Distribution in Faulkner County, Arkansas (2022)
Educational Attainment in Faulkner County, Arkansas (2022)
Age Distribution in Faulkner County, Arkansas
Citizen Population in Faulkner County, Arkansas (2022)
Political Trends & Data
Faulkner County, Arkansas, is predominantly Republican, having recorded nearly 63% of votes for the GOP in the 2020 presidential election. Democrats garnered around 34%, while Libertarian and Green party votes were minimal, combined barely crossing 2%. This political landscape indicates a firmly entrenched Republican presence with modest support for alternative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Faulkner County in Arkansas leans heavily Republican, with approximately 63% of the vote going to the GOP in the 2020 presidential election, while Democrats secured around 34%. The remaining votes were scattered across third parties and other candidates, with Libertarians barely reaching 2% and Green party supporters making up an even smaller fraction. This distribution suggests a solid Republican stronghold with limited but present support for alternative political parties.
63.24% of voters voted for the Republican party in the 2020 Presidential Election
33.71% of voters voted for the Democrat party in the 2020 Presidential Election
1.54% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Green party in the 2020 Presidential Election
1.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Faulkner County, Arkansas has maintained a student-to-teacher ratio of around 15, consistently above the national average of 14. This peaked at nearly 16 in 2019, suggesting a robust yet potentially under-resourced educational infrastructure. For real estate stakeholders and families, these ratios may indicate both a capacity for growth and a need for more educational resources, impacting property values and related... Read more
Student-to-teacher ratio in Faulkner County, Arkansas over the last 10 years
Over the past decade, the student-to-teacher ratio in Faulkner County, Arkansas has hovered around 15 students per teacher, consistently above the national average of 14. The ratio peaked in 2019 at nearly 16, reflecting a somewhat higher classroom density compared to national trends. For prospective investors, real estate agents, and families considering a move to Faulkner County, this could imply robust educational infrastructure that can handle growth, though it may also signal a need for more educational resources to match national averages. Appraisers and insurance agents may also find this information pertinent when evaluating property values or risk assessments tied to the local education system.
