Franklin County Real Estate and Livability Trends
Franklin County, Arkansas has seen a notable 26.2% increase in median home values from $93,100 in 2015 to $117,500 in 2022, a growth trend that hints at a strengthening local economy, albeit still trailing state and national averages. The residential energy tax credit per tax return has surged from $250.00 in 2013 to over $2,000.00 by 2021, highlighting a rising trend in energy-efficient home... Read more
Franklin County Market Trends
Franklin County, Arkansas, has seen median home values climb from $93,100 in 2015 to $117,500 in 2022, showcasing a notable 26.2% increase, albeit still trailing state and national averages. The residential energy tax credit per tax return has surged dramatically from $250.00 in 2013 to over $2,000.00 by 2021, underscoring a growing investment in energy-efficient home improvements. Real estate... Read more
Median Value of Occupied Housing Units in Franklin County, Arkansas Over the Last 8 Years
Franklin County, Arkansas, has seen median home values grow from $93,100 in 2015 to $117,500 in 2022. This increase represents a sharp uptick, especially noticeable compared to Arkansas' state median values, which rose from $111,400 to $162,400 over the same period. Nationally, home values have climbed from $125,500 to $179,400. While Franklin County's home values remain lower than both state and national averages, the growth trend could catch the attention of potential investors and homebuyers looking for value in a rising market.
Residential Energy Tax Credit Per Tax Return in Franklin County, AR Over the Last 8 Years
Franklin County, Arkansas has seen a substantial increase in the average residential energy tax credit per tax return over the last eight years. From $250.00 in 2013, the value made a significant leap to $2,285.71 in 2020 and sustained a high at $2,042.86 in 2021. This sharp rise suggests a growing investment in energy-efficient technologies and home improvements, highlighting an increasing awareness and prioritization of sustainable living among residents. For investors and developers, this trend signals a robust market for energy-efficient products and services.
Average Real Estate Taxes Per Tax Return in Franklin County, AR Over the Last 10 Years
Real estate taxes in Franklin County, Arkansas, have shown a clear upward trend over the past decade, with an increase from $953.19 in 2012 to $1,694.44 by 2021. Notably, there's been a sharp rise in recent years, peaking significantly between 2018 and 2021. This could suggest an expanding real estate market or increased property valuations, which might appeal to developers and investors looking to capitalize on the growing local economy. However, for potential homeowners, this hike in taxes could be a factor to carefully weigh against other living costs and potential property appreciation.
Percentage of Farm Returns in Franklin County, AR Over the Last 10 Years
Over the past decade, Franklin County, Arkansas has seen a slight fluctuation in the percentage of farm tax returns. Starting at around 10.77% in 2012, it dipped to nearly 9.83% by 2021, with minor rises and falls in between. Farm tax returns, essentially the percentage of income tax returns from farm operations, are a key indicator of the health and viability of the agricultural sector in the area. For those looking to invest in or build property here, these numbers could imply a slowly declining agricultural base, which might affect land-use patterns and local economic activities tied to farming.
Number of Mortgages by Occupancy Type in Franklin County, AR Over the Last 5 Years in Franklin County
Franklin County, Arkansas has shown a consistent preference for principal residences in mortgage counts over the last five years, with a peak in 2021 at 825 compared to a more modest number for investment properties and second residences. The fluctuations in investment property counts, staying within the 24-38 range, suggest a stable but less dominant interest in property investment. Changes in occupancy types impact the local housing market dynamics, influencing factors like property values, availability, and demand for different housing types. This information can guide investment decisions, appraisal values, and insurance assessments, highlighting the community's residential focus.
Economic Outlook
Franklin County, Arkansas has experienced a steady rise in average taxable income per tax return, growing from $42,882.72 in 2013 to $53,140.99 in 2021, with a notable spike between 2016 and 2017. Correspondingly, state and local income taxes have climbed from $5,377.45 in 2012 to $9,325.00 in 2021, especially surging in 2018. Average total tax liability per tax return also rose from $5,373.58 in 2012 to $7,009.81 in 2021. These trends hint at a strengthening local economy and may signal growth... Read more
Average Taxable Income per Tax Return in Franklin County, AR over the last 9 years
Over the past nine years, Franklin County, AR has seen a consistent upward trend in the average taxable income per tax return, growing from $42,882.72 in 2013 to $53,140.99 in 2021. Notably, there was a significant jump between 2016 and 2017, with income levels continuing to rise steadily thereafter. This trend suggests a strengthening local economy, making Franklin County an attractive option for potential investors, new residents, and property developers looking for promising growth.
Average State and Local Income Taxes Per Tax Return in Franklin County, AR Over the Last 10 Years
Over the past decade in Franklin County, AR, state and local income taxes per tax return have steadily climbed from $5,377.45 in 2012 to $9,325.00 in 2021. Notably, there was a sharp increase in 2018, with taxes rising to $8,852.63 from $6,551.11 just a year prior, and continuing to rise thereafter. This upward trend in taxes might impact prospective residents considering relocation costs and overall financial planning for those currently living in the area.
Average Total Tax Liability Per Tax Return in Franklin County, AR Over the Last 10 Years
Over the last decade, Franklin County, Arkansas has seen a notable increase in average total tax liability per tax return, with a significant jump from $5,373.58 in 2012 to $7,009.81 in 2021. This upward trend, with some fluctuations, indicates a growing economic environment that may attract investors and new residents interested in a developing locality with increasing fiscal contributions.
Cost of Living in Franklin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $887 | $1,259 | $1,899 | $983 | $941 |
| 1 adult 4 children | $887 | $1,028 | $1,452 | $983 | $1,058 |
| 2 adults 3 children | $887 | $1,028 | $1,648 | $983 | $745 |
| 1 adult 3 children | $887 | $839 | $1,201 | $983 | $793 |
| 2 adults 2 children | $720 | $842 | $1,397 | $858 | $671 |
| 1 adult 2 children | $720 | $629 | $950 | $858 | $622 |
| 2 adults 1 child | $720 | $665 | $1,146 | $455 | $645 |
| 1 adult 1 child | $720 | $430 | $698 | $455 | $563 |
| 2 adults | $588 | $534 | $894 | $0 | $537 |
| 1 adult | $581 | $292 | $447 | $0 | $513 |
Safety trends & Data
Franklin County, Arkansas has seen fluctuating property crime trends, with burglary incidents declining from 29.00 in 2018 to 18.00 in 2022. However, vandalism spiked in 2020 with 38.00 cases, raising concerns for property investors and insurers. Fraud has remained relatively stable, with annual cases between 8.00 and 18.00, highlighting the need for ongoing vigilance by real estate agents and appraisers when assessing property value and... Read more
Property Crime Trends in Franklin County, AR Over the Last 5 Years
Franklin County, Arkansas has experienced noticeable fluctuations in property crime rates over the past five years. Notably, incidents of burglary dropped from 29.0 in 2018 to 18.0 in 2022, reflecting a general decline. However, vandalism incidents peaked in 2020 with 38.0 reported cases, indicating a potential area of concern for property investors and insurers. Interestingly, fraud numbers have remained relatively stable, hovering around 8.0 to 18.0 cases annually. This variability suggests the importance of continuous monitoring for real estate agents and appraisers when evaluating property value and insurability.
Demographics
In Franklin County, Arkansas, the gender distribution is relatively balanced, with a slight female majority among the adult population. Educational attainment varies, with a notable portion having only a high school diploma or some college education, and fewer individuals achieving higher education degrees. Age distribution is diverse, with significant representation across all age groups, though the population skews older with a fair number of residents in the 45-64 age range. The county's... Read more
Race Distribution in Franklin County, Arkansas (2022)
Educational Attainment in Franklin County, Arkansas (2022)
Age Distribution in Franklin County, Arkansas
Citizen Population in Franklin County, Arkansas (2022)
Political Trends & Data
Franklin County, Arkansas, showed a pronounced tendency toward conservatism in the 2020 presidential election, with roughly 80% of the vote going to the Republican Party. Democrats gathered about 18%, while minor parties like the Libertarian and Green parties had minimal impact. This heavily conservative voter base aligns with broader regional patterns, potentially shaping local and state political landscapes for the foreseeable... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Franklin County, Arkansas, the 2020 presidential election results suggest a strong preference for the Republican Party, capturing nearly 80% of the vote. Democrats garnered about 18%, with minor parties like the Libertarian and Green parties attracting minimal voter support. This distribution may indicate a predominantly conservative voter base in the area, reflecting broader regional trends that could influence local and state elections.
79.63% of voters voted for the Republican party in the 2020 Presidential Election
18.24% of voters voted for the Democrat party in the 2020 Presidential Election
0.94% of voters voted for the Livertarian party in the 2020 Presidential Election
0.13% of voters voted for the Green party in the 2020 Presidential Election
1.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
Franklin County, Arkansas has experienced slight variations in its student-to-teacher ratio over the past decade, moving from approximately 13 students per teacher in 2014 to around 14 between 2020 and 2022, now at about 13.7. As these numbers hover near the national average of 14, they could signal shifts in funding, staffing, and educational quality, indirectly impacting property values and insurance premiums. For real estate agents, investors, and families, these trends might inform... Read more
Student-to-teacher ratio in Franklin County, Arkansas over the last 10 years
Franklin County, Arkansas has seen slight fluctuations in its student-to-teacher ratios over the last decade, beginning with approximately 13 students per teacher in 2014 and peaking at around 14 students per teacher between 2020 and 2022. The ratio currently stands at about 13.7, closely aligning with the national average of 14. These trends could be significant for real estate agents, investors, and families considering relocation, as they often reflect changes in funding, staffing, and educational quality. For appraisers and insurance agents, these stats might indirectly influence property values and insurance premiums owing to the perceived quality of local schools.
