Hempstead County Real Estate and Livability Trends
Hempstead County, Arkansas, has experienced a significant rise in average taxable income, growing from $35,172.26 in 2013 to $45,074.22 by 2021. This suggests a strengthening local economy and possible implications for investors. Over the past eight years, median home values have also jumped from $74,700 in 2015 to $104,700 in 2022, hinting at increased demand in an affordable market. Real estate... Read more
Hempstead County Market Trends
Over the past eight years, median home values in Hempstead County, Arkansas have climbed from $74,700 in 2015 to $104,700 in 2022, hinting at rising demand and investment potential in an affordable market. Energy tax credits per return jumped from $327.27 in 2013 to $1,057.14 in 2021, indicating enhanced investment in energy-efficient home upgrades. Real estate taxes in the county rose from... Read more
Median Value of Occupied Housing Units in Hempstead County, Arkansas Over the Last 8 Years
Over the past eight years, median home values in Hempstead County, Arkansas have experienced a significant increase, climbing from $74,700 in 2015 to $104,700 in 2022. This trajectory showcases a steady appreciation that may attract real estate investors and homebuyers seeking opportunities outside more expensive areas. Comparatively, while state home values in Arkansas also rose, reaching $162,400 in 2022, and the national median hit $179,400, Hempstead County's growth, despite being lower in absolute terms, can imply a more affordable and perhaps a high-potential market for future development.
Residential Energy Tax Credit Per Tax Return in Hempstead County, AR Over the Last 8 Years
Hempstead County, Arkansas has seen fluctuating residential energy tax credits over the past eight years, with notable increases in recent years. Starting at $327.27 in 2013, the average credit per tax return rose significantly to $1,057.14 by 2021. These higher credits indicate increased homeowner investment in energy-efficient upgrades, reflecting a growing awareness of both environmental benefits and cost savings. This trend is compelling for real estate investors and potential homeowners considering the long-term financial advantages of energy-efficient properties in the area.
Average Real Estate Taxes Per Tax Return in Hempstead County, AR Over the Last 10 Years
Over the past decade, Hempstead County, Arkansas, has seen a notable rise in average real estate taxes per tax return, increasing from approximately $964.29 in 2012 to about $1,775.00 in 2021. This upward trend suggests a growing investment in local infrastructure and public services, potentially making the area more appealing for property developments and homebuyers. For those looking to invest, build, or move to the county, understanding these tax increases could provide insight into future financial commitments and the overall economic progression of the region.
Percentage of Farm Returns in Hempstead County, AR Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Hempstead County, Arkansas has exhibited slight fluctuations, ranging from approximately 7.04% to 7.53%. Farm tax returns are annual reports filed by farming businesses, allowing a glimpse into the sector's economic health and activity level in the area. For potential investors or those looking to develop property, these values may indicate a relatively stable yet modest agricultural presence. Local residents and those interested in the county might see these figures as a sign of consistent, though not significantly expanding, agricultural viability.
Number of Mortgages by Occupancy Type in Hempstead County, AR Over the Last 5 Years in Hempstead County
Over the last five years in Hempstead County, Arkansas, the data on mortgage counts show a significant focus on principal residences, with numbers peaking in 2021 at 650 mortgages despite a slight dip in 2022. Interestingly, investment properties and second residences have seen relatively stable and lower numbers, indicating that the area might not be heavily targeted for secondary or investment property purchases. These occupancy trends can impact local housing market dynamics and property values, influencing decisions for investors, potential residents, appraisers, and real estate professionals. Understanding these shifts helps to anticipate market needs and align property development or investment strategies accordingly.
Economic Outlook
Hempstead County, Arkansas has seen a marked rise in average taxable income, jumping from $35,172.26 in 2013 to $45,074.22 by 2021, which could imply a strengthening local economy. Alongside this, the average state and local income taxes per tax return have also increased significantly from $4,503.00 in 2012 to $7,671.43 in 2021, with notable jumps in 2018 and 2020. Additionally, the total tax liability per tax return peaked at $5,286.06 in 2021, up from $4,429.75 in 2012, suggesting rising... Read more
Average Taxable Income per Tax Return in Hempstead County, AR over the last 9 years
Over the past nine years, Hempstead County, AR has experienced a notable increase in average taxable income, rising from $35,172.26 in 2013 to $45,074.22 in 2021. This steady growth, especially the sharp jump in 2021, could signal a strengthening local economy and potentially more opportunities for investors and property buyers. The consistent upward trend reflects a positive economic environment, making Hempstead County an attractive consideration for those looking to relocate or invest.
Average State and Local Income Taxes Per Tax Return in Hempstead County, AR Over the Last 10 Years
Over the last decade, Hempstead County, AR has seen a substantial rise in average state and local income taxes per tax return, with figures increasing from $4,503.00 in 2012 to $7,671.43 in 2021. Notable jumps occurred in 2018 and 2020, suggesting significant tax adjustments or shifts in local economic conditions. This upward trend is crucial for prospective residents or current inhabitants budget planning, indicating a progressively higher financial obligation to state and local tax authorities.
Average Total Tax Liability Per Tax Return in Hempstead County, AR Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Hempstead County, Arkansas has exhibited fluctuations, but the overall trend is upwards. Starting at $4,429.75 in 2012, it peaked at $5,286.06 in 2021. This highlights a significant increase, which could be indicative of rising incomes, changes in tax policies, or economic growth in the area. For investors and potential residents, this upward trend may signal a strengthening local economy and increased financial contributions from taxpayers.
Cost of Living in Hempstead County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $998 | $1,287 | $1,862 | $966 | $987 |
| 1 adult 4 children | $998 | $1,051 | $1,425 | $966 | $1,128 |
| 2 adults 3 children | $998 | $1,051 | $1,616 | $966 | $782 |
| 1 adult 3 children | $998 | $858 | $1,178 | $966 | $846 |
| 2 adults 2 children | $768 | $861 | $1,369 | $839 | $683 |
| 1 adult 2 children | $768 | $643 | $931 | $839 | $641 |
| 2 adults 1 child | $768 | $680 | $1,122 | $426 | $656 |
| 1 adult 1 child | $768 | $439 | $684 | $426 | $577 |
| 2 adults | $583 | $546 | $875 | $0 | $538 |
| 1 adult | $575 | $298 | $438 | $0 | $517 |
Safety trends & Data
Hempstead County, Arkansas, has seen notable fluctuations in property crimes over the past five years. Larceny-Theft peaked at 124 incidents in 2019 but fell to 45 in 2021. Burglary spiked from 16 incidents in 2018 to 29 in 2019 before varying. Motor Vehicle Theft, though low, trended upward, reaching eight incidents in 2022. Vandalism stayed relatively consistent, around 30 incidents annually. These trends offer key insights for investors, insurers, and residents assessing the county's... Read more
Property Crime Trends in Hempstead County, AR Over the Last 5 Years
Hempstead County, Arkansas, has seen notable fluctuations in property crimes over the past five years. Larceny-Theft remains the most prevalent crime, peaking at 124 incidents in 2019 before dropping to 45 in 2021. Burglary witnessed a significant rise from 16 in 2018 to 29 in 2019, then varied through the years. Motor Vehicle Theft, while relatively low, trended upwards and hit eight incidents in 2022. Vandalism has shown some consistency, hovering around 30 incidents per year. These trends may be crucial for potential investors, insurers, and residents in gauging the stability and safety of the county.
Demographics
In Hempstead County, Arkansas, the population reveals a balanced gender distribution with a slight tilt towards females. Educational attainment shows a significant portion of the community having high school diplomas or some college experience, though those with graduate degrees are relatively fewer. Age distribution suggests a diverse age group presence, with noticeable representation in older age brackets. There's also a distribution across various racial backgrounds, though a majority... Read more
Race Distribution in Hempstead County, Arkansas (2022)
Educational Attainment in Hempstead County, Arkansas (2022)
Age Distribution in Hempstead County, Arkansas
Citizen Population in Hempstead County, Arkansas (2022)
Political Trends & Data
Hempstead County, Arkansas, displayed a strong Republican preference in the 2020 U.S. Presidential Election, with around 65% of the vote. Democrats managed about 31%, while minor parties like the Libertarian and Green parties received less than 1% each. This political landscape indicates a stable partisan alignment that could shape local and state political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hempstead County, Arkansas, the 2020 U.S. Presidential Election results suggested a strong leaning towards the Republican party, with approximately 65% of the vote. Democrats garnered around 31%, indicating a notable but significantly smaller segment of the electorate. Minor parties like the Libertarian and Green parties received minimal support, each capturing less than 1% of the vote, and other parties combined drew about 2.7%. This distribution may imply a relatively stable partisan alignment within the county, potentially influencing local and statewide political strategies.
65.27% of voters voted for the Republican party in the 2020 Presidential Election
31.22% of voters voted for the Democrat party in the 2020 Presidential Election
0.45% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Green party in the 2020 Presidential Election
2.70% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Hempstead County, Arkansas has kept a notably lower student-to-teacher ratio compared to the national average of 14 students per teacher, oscillating between 11 and 13. In 2023, the ratio settled at 12, signaling more individualized student attention, potentially attracting families prioritizing education. This trend may appeal to real estate agents and investors focused on the long-term value of properties in areas with robust educational... Read more
Student-to-teacher ratio in Hempstead County, Arkansas over the last 10 years
Over the last decade, Hempstead County, Arkansas has generally maintained a lower student-to-teacher ratio compared to the national average of 14 students per teacher. Fluctuating between 11 and 13 students per teacher, the ratio remained mostly stable, occasionally dipping close to 12. In 2023, the ratio stood at 12, suggesting relatively more individualized attention for students compared to other areas in the U.S. This could be appealing to families prioritizing education, real estate agents marketing homes, or investors considering the long-term value of properties in regions with strong educational support.
