Grant County Real Estate and Livability Trends
Grant County, Arkansas has seen a consistent rise in average taxable income per tax return, jumping from $49,023.67 in 2013 to $65,550.52 in 2021, hinting at economic growth. This is mirrored by an uneven yet promising real estate market where median home values grew from $108,300 in 2015 to $141,400 in 2022. Interestingly, a rise in average residential energy tax credits from $266.67 in 2013 to... Read more
Grant County Market Trends
Grant County, Arkansas, has witnessed an uneven but promising real estate market, with median home values climbing from $108,300 in 2015 to $141,400 in 2022. These values remain lower than both state and national averages, offering a more affordable entry point for potential buyers. A surge in average residential energy tax credits, spiking from $266.67 in 2013 to $2,225.00 in 2021, hints at... Read more
Median Value of Occupied Housing Units in Grant County, Arkansas Over the Last 8 Years
Over the last eight years, Grant County, Arkansas, has seen fluctuations in median home values, starting at $108,300 in 2015 and reaching $141,400 in 2022. While Grant County's values have increased, they are generally lower than both the state of Arkansas and the national averages, which were $162,400 and $179,400 in 2022, respectively. For those looking to invest, move to, or build property in Grant County, this could indicate potential room for appreciation and a lower initial cost of entry compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Grant County, AR Over the Last 8 Years
Grant County, Arkansas residents have seen a dramatic rise in their average residential energy tax credit per tax return over the past eight years. The average soared from around $266.67 in 2013 to an impressive $2,225.00 by 2021. Notably, there was a substantial spike between 2019 and 2020, where the average leaped from $350.00 to $1,333.33, reflecting a growing emphasis on energy efficiency. This can signal that the county is becoming more attractive for investments in energy-efficient properties and initiatives, potentially leading to increased property values and lower long-term energy costs for residents.
Average Real Estate Taxes Per Tax Return in Grant County, AR Over the Last 10 Years
Grant County, Arkansas has seen a notable increase in average real estate taxes per tax return over the past decade. In 2012, the average was approximately $986.93, rising steadily each year to reach $1,992.59 in 2021. The most significant jumps occurred between 2016 and 2018, as well as from 2019 to 2021. This upward trend suggests consistent property value growth and increased public spending, which could indicate a robust local economy. Prospective investors, property developers, and new residents should potentially view this as a sign of economic vitality, though they should also factor in the rising cost of property ownership.
Percentage of Farm Returns in Grant County, AR Over the Last 10 Years
Over the last decade, farm tax returns in Grant County, Arkansas have shown slight fluctuations, peaking at around 4.08% in 2012 and dipping to about 3.36% in 2018. By 2021, these returns were estimated to be around 3.50%. Farm tax returns reflect the percentage of tax filings from agricultural activities, providing insight into the agricultural economy's health and trends. This data could indicate overall economic shifts in the region, potentially impacting property values and investment opportunities.
Number of Mortgages by Occupancy Type in Grant County, AR Over the Last 5 Years in Grant County
Over the last five years in Grant County, Arkansas, the number of mortgages for principal residences has generally increased, peaking in 2021. In contrast, mortgages for investment properties have shown a slight decline, while second residence mortgages have remained relatively low and steady. These occupancy type changes could signal shifting priorities for investors, potential homeowners, and the real estate market. A rise in principal residence mortgages may indicate heightened interest in long-term living in the area, potentially driving up home values. Lower investment property numbers might reflect declining investor interest, perhaps due to market conditions or regulatory changes. For insurance agents and appraisers, these trends are important as they directly correlate with risk assessment and property valuations, respectively. Meanwhile, real estate agents and those looking to build or invest could see these patterns as a call to re-evaluate the local market dynamics and investment strategies.
Economic Outlook
Grant County, Arkansas has experienced a steady increase in its average taxable income per tax return, climbing from $49,023.67 in 2013 to $65,550.52 in 2021. This trend highlights the county's burgeoning economic vitality, especially with significant jumps like the one from $59,348.07 in 2020 to $65,550.52 in 2021. Meanwhile, state and local income taxes have also increased significantly, suggesting a growing fiscal burden on residents, which may influence the cost of living. The average tax... Read more
Average Taxable Income per Tax Return in Grant County, AR over the last 9 years
Grant County, AR has seen a steady increase in average taxable income per tax return over the past nine years, rising from $49,023.67 in 2013 to $65,550.52 in 2021. This upward trend highlights the county's growing economic vitality and can be significant for potential investors and residents seeking stable income prospects. Recent years, especially, showcase notable jumps, such as the leap from $59,348.07 in 2020 to $65,550.52 in 2021. Overall, it's a promising signal of economic health and increasing earning capacity in the region.
Average State and Local Income Taxes Per Tax Return in Grant County, AR Over the Last 10 Years
Over the past decade, Grant County, AR has seen a significant increase in average state and local income taxes per tax return, rising from $5,279.62 in 2012 to $12,420.69 in 2021. This upward trend, particularly sharp since 2018, suggests a growing fiscal burden on residents, which may impact cost of living and financial planning for those considering moving to or residing in the area.
Average Total Tax Liability Per Tax Return in Grant County, AR Over the Last 10 Years
Over the last decade, Grant County, Arkansas, has seen a steady increase in average tax liability per tax return, reaching a peak of $8,901.63 in 2021. This trend suggests a growing economic base and possibly rising incomes, making it a potentially attractive locale for investors and new residents. The marked jump in tax liability from 2015 to 2016, from $7,210.70 to $8,057.25, underscores significant economic changes in the region. The dip in 2018 followed by a strong rebound also indicates resilience, an appealing sign for those looking to build or move long-term.
Cost of Living in Grant County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,432 | $1,899 | $1,281 | $1,232 |
| 1 adult 4 children | $1,005 | $1,169 | $1,452 | $1,281 | $1,434 |
| 2 adults 3 children | $1,005 | $1,170 | $1,648 | $1,281 | $994 |
| 1 adult 3 children | $1,005 | $955 | $1,201 | $1,281 | $1,168 |
| 2 adults 2 children | $789 | $957 | $1,397 | $1,120 | $859 |
| 1 adult 2 children | $789 | $715 | $950 | $1,120 | $831 |
| 2 adults 1 child | $789 | $757 | $1,146 | $596 | $767 |
| 1 adult 1 child | $789 | $489 | $698 | $596 | $675 |
| 2 adults | $691 | $608 | $894 | $0 | $641 |
| 1 adult | $679 | $332 | $447 | $0 | $574 |
Safety trends & Data
Property crime in Grant County, Arkansas has experienced some notable fluctuations. Burglary cases spiked to 24 in 2022 from an average of around 4, while larceny-theft cases generally trended down from a high of 36 in 2018 to 21 in 2022. Vehicle thefts have been consistently low, with just 1 to 2 cases annually. Vandalism and fraud incidences remained stable with minor variations. These crime trends could be key considerations for real estate decisions and local community... Read more
Property Crime Trends in Grant County, AR Over the Last 5 Years
Property crime in Grant County, Arkansas has seen some interesting shifts over the last five years. While burglary cases saw a significant rise in 2022, spiking to 24 occurrences from an average of about 4 in previous years, larceny-theft cases have fluctuated but generally decreased from a high of 36 cases in 2018 to 21 in 2022. Vehicle thefts have remained consistently low throughout the period, with only 1 to 2 cases each year. Vandalism and fraud incidences have also remained relatively stable, with minor variations. The trends suggest a recent uptick in specific property crimes like burglary and stolen property offenses, which could be points of interest for real estate agents, potential homeowners, and local law enforcement.
Demographics
Grant County, Arkansas, shows a nearly even gender split in its adult population. Educational attainment highlights a significant portion of the adult population holding at least a high school diploma, with some individuals achieving bachelor's and graduate degrees. Age distribution indicates a balanced mix of age groups, though populations tend to peak around middle age and senior citizens. Racial demographics reveal a predominantly White population, with minimal representation from other... Read more
Race Distribution in Grant County, Arkansas (2022)
Educational Attainment in Grant County, Arkansas (2022)
Age Distribution in Grant County, Arkansas
Citizen Population in Grant County, Arkansas (2022)
Political Trends & Data
Grant County, Arkansas, appears to have a dominant Republican inclination, with the 2020 Presidential Election results indicating that approximately 83% of voters supported the Republican candidate. The Democratic Party received around 15% of the vote, with minor contributions from smaller parties like the Libertarians and Greens. This political leaning may reflect specific regional attitudes or priorities that could influence local real estate trends and market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Grant County, Arkansas, the 2020 U.S. Presidential Election results seem to underscore a significant leaning toward the Republican Party, which likely garnered roughly 83% of the vote. The Democratic Party trailed with an estimated 15%, while smaller parties such as Libertarian and Green contributed a minimal share. This heavy Republican preference might suggest particular regional political dynamics or voter priorities worth noting.
82.85% of voters voted for the Republican party in the 2020 Presidential Election
15.46% of voters voted for the Democrat party in the 2020 Presidential Election
0.68% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.90% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Grant County, Arkansas shifted notably over the past decade. It climbed from around 15 to nearly 17 students per teacher between 2014 and 2019, surpassing the national average. This trend reversed dramatically in 2020, dropping to about 14 and leveling off near 13.5 by 2023. For investors and real estate agents, these fluctuations may indicate evolving school capacity and community dynamics. Insurance agents and appraisers might also find these ratios... Read more
Student-to-teacher ratio in Grant County, Arkansas over the last 10 years
The student-to-teacher ratio in Grant County, Arkansas has fluctuated over the last decade. Between 2014 and 2019, the ratios generally rose from 15 to nearly 17 students per teacher, higher than the current national average of 14 students per teacher. Interestingly, the trend reversed significantly in 2020, with the ratio dropping to around 14 and settling near 13.5 through 2023. For investors and real estate agents, these shifts may signal changing school capacity and community growth. Insurance agents and appraisers might see the value in these ratios too, as they can affect school ratings and, ultimately, property values. For families considering a move, the lower recent ratios might hint at improved individual attention in schools.
