Independence County Real Estate and Livability Trends
In Independence County, Arkansas, average taxable income per tax return markedly increased from $46,599.38 in 2013 to $59,759.93 in 2021, an indicator of economic growth. Median home values are significantly lower than both state and national averages, offering affordable entry points for investors. Average real estate taxes have doubled over the past decade to $2,548.78 by 2021, pointing to... Read more
Independence County Market Trends
Independence County, Arkansas, has a median home value of $111,300 as of 2022, significantly below both the state average of $162,400 and the national average of $179,400, potentially attracting price-sensitive investors and first-time buyers. Residential energy tax credits have surged, hitting $1,916.67 in 2021, indicating a rise in energy-efficient home improvements. Average real estate taxes... Read more
Median Value of Occupied Housing Units in Independence County, Arkansas Over the Last 8 Years
Independence County, Arkansas, has experienced fluctuating median home values over the last eight years, ending at $111,300 in 2022. This figure remains significantly below both the state average of $162,400 for Arkansas and the national average of $179,400. Such local market conditions might appeal to price-sensitive investors or first-time homebuyers seeking more affordable options compared to broader state and national trends. The sporadic changes, including dips in 2019 and 2020, underscore the potential volatility and unique market factors at play in this region.
Residential Energy Tax Credit Per Tax Return in Independence County, AR Over the Last 8 Years
Independence County, Arkansas has seen a significant rise in residential energy tax credits per tax return over the past eight years. Starting modestly at $315.79 in 2013, the credits saw a small dip but then began to climb, hitting $583.33 in 2019. The most dramatic spikes occurred in 2020 and 2021, with amounts reaching $1,150.00 and $1,916.67 respectively. This sharp increase suggests growing investments in energy-efficient home improvements, making it a potentially attractive area for eco-conscious homeowners and investors looking to capitalize on sustainable living incentives.
Average Real Estate Taxes Per Tax Return in Independence County, AR Over the Last 10 Years
Independence County, Arkansas has observed notable shifts in average real estate taxes per tax return over the last decade. These taxes started under $1,400.00 in 2012 but saw a marked increase, especially after 2017, jumping to $2,543.75 in 2018. By 2021, the trend appeared to stabilize around $2,548.78. This trajectory suggests that property tax liabilities have nearly doubled over ten years, potentially signaling significant property value appreciation or increased tax rates, both relevant for current and prospective residents, investors, or developers.
Percentage of Farm Returns in Independence County, AR Over the Last 10 Years
In Independence County, Arkansas, the percentage of farm tax returns has consistently hovered around the 6.0% to 6.7% mark over the past decade. The most notable dip occurred in 2019, with a return rate of 6.19%, followed by a slight decrease in 2020 to 6.01%. Farm tax returns, often a proxy indicator of agricultural economic health, provide insight into the contribution of farming activities within the local economy. These trends may suggest stability with slight fluctuations, hinting at a relatively steady agricultural sector. Investors, developers, and potential residents might find this data useful to gauge the robustness and reliability of the farming community in the area, impacting decisions from economic investments to urban development.
Number of Mortgages by Occupancy Type in Independence County, AR Over the Last 5 Years in Independence County
The data indicates that the number of mortgages for principal residences in Independence County, Arkansas has generally increased over the past five years, peaking in 2020. Investment properties have also seen a rise, though on a smaller scale, whereas second residences have remained relatively stable with low numbers. Changes in occupancy type can hint at economic shifts, influencing property values, rental markets, and the demand for services. This is particularly relevant for investors and real estate agents aiming to understand market dynamics, appraisers assessing property values, and insurance agents estimating risks.
Economic Outlook
In Independence County, Arkansas, the average taxable income per tax return has surged from $46,599.38 in 2013 to $59,759.93 in 2021, reflecting a strong economic growth trend. Simultaneously, the county has experienced a significant rise in average state and local income taxes, jumping from $6,948.02 in 2012 to $14,213.64 in 2021, suggesting changes in economic conditions or tax policies. Additionally, average total tax liability has fluctuated, peaking at $8,810.85 in 2021, hinting at... Read more
Average Taxable Income per Tax Return in Independence County, AR over the last 9 years
In Independence County, AR, the average taxable income per tax return has shown a notable upward trend over the past nine years, peaking at $59,759.93 in 2021. This steady increase, highlighted by a jump from $46,599.38 in 2013 to $59,759.93 in 2021, signals robust economic growth and increasing prosperity. For those looking to invest, build, or move to the area, this upward trajectory in taxable income indicates a thriving local economy and a promising environment for financial stability and growth.
Average State and Local Income Taxes Per Tax Return in Independence County, AR Over the Last 10 Years
Over the past decade, Independence County, AR has seen a dramatic increase in average state and local income taxes per tax return, rising from $6,948.02 in 2012 to $14,213.64 in 2021. This sharp rise, particularly notable from 2018 onwards, suggests significant changes in local economic conditions or tax policies, impacting both long-term residents and new movers more substantially in recent years.
Average Total Tax Liability Per Tax Return in Independence County, AR Over the Last 10 Years
Over the past decade, Independence County, Arkansas has seen a notable fluctuation in average total tax liability per tax return, with values ranging from $6,437.98 in 2013 to $8,810.85 in 2021. This trend suggests a growing economic weight on residents, which can indicate rising incomes and property values, making it an essential factor for those considering investing, moving, or building property in the area.
Cost of Living in Independence County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $950 | $1,303 | $1,862 | $966 | $964 |
| 1 adult 4 children | $950 | $1,064 | $1,425 | $966 | $1,094 |
| 2 adults 3 children | $950 | $1,064 | $1,616 | $966 | $762 |
| 1 adult 3 children | $950 | $869 | $1,178 | $966 | $818 |
| 2 adults 2 children | $726 | $871 | $1,369 | $839 | $666 |
| 1 adult 2 children | $726 | $651 | $931 | $839 | $617 |
| 2 adults 1 child | $726 | $689 | $1,122 | $426 | $638 |
| 1 adult 1 child | $726 | $445 | $684 | $426 | $557 |
| 2 adults | $552 | $553 | $875 | $0 | $525 |
| 1 adult | $544 | $302 | $438 | $0 | $502 |
Safety trends & Data
Independence County, Arkansas has seen some interesting shifts in property crime trends over the past five years. Larceny-theft incidents notably dropped from 97.00 in 2018 to 50.00 in 2022, suggesting a reduction in high-volume crime categories. Burglary incidents displayed volatility but stayed relatively low, while motor vehicle thefts remained infrequent throughout. Vandalism incidents were stable, fluctuating between 12.00 and 16.00 annually. These trends offer a mixed but slightly... Read more
Property Crime Trends in Independence County, AR Over the Last 5 Years
Property crime in Independence County, Arkansas, seems to have fluctuated over the last five years, with notable reductions in high-volume crime categories like larceny-theft, which dropped from 97.0 incidents in 2018 to 50.0 incidents in 2022. Burglary incidents have shown volatility but generally remained low, while motor vehicle thefts were consistently rare. Meanwhile, cases of vandalism remained relatively steady, oscillating between 16.0 and 12.0 incidents annually. For investors, insurers, and real estate professionals, these crime trends offer a mixed but slightly improving outlook on property-related security in the area.
Demographics
Independence County, Arkansas has a fairly balanced gender distribution. The educational landscape shows a significant portion of adults with high school diplomas or some college experience, but fewer hold advanced degrees. The age distribution leans towards a mature population, with higher numbers in the 35-64 age brackets. Racially, the area is predominantly White with modest representation from other racial groups. These trends might influence local policies, education programs, and... Read more
Race Distribution in Independence County, Arkansas (2022)
Educational Attainment in Independence County, Arkansas (2022)
Age Distribution in Independence County, Arkansas
Citizen Population in Independence County, Arkansas (2022)
Political Trends & Data
Independence County, Arkansas, leans heavily Republican, as evidenced by the 2020 Presidential Election where Republicans captured around 78% of the vote. Democrats struggled for support, securing about 19%, and third parties like the Libertarians managed just over 1%. This political landscape reflects a strong preference for conservative policies and could influence local real estate markets through potential zoning laws, property taxes, and community planning that align with Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Independence County, Arkansas, the 2020 U.S. Presidential Election saw Republicans dominating with approximately 78% of the vote. Democrats lagged significantly behind, securing close to 19%, while Libertarians garnered just over 1%. The Green Party and other minor parties collectively received minimal support. This suggests a strong Republican lean in the county, while alternative and third-party options faced considerable challenges in gaining traction.
77.52% of voters voted for the Republican party in the 2020 Presidential Election
19.34% of voters voted for the Democrat party in the 2020 Presidential Election
1.01% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Green party in the 2020 Presidential Election
1.97% of voters voted for the Other party in the 2020 Presidential Election
School Data
Independence County, Arkansas consistently boasts a student-to-teacher ratio lower than the national average, generally between 12 and 13 students per teacher. This favorable educational metric can be a significant draw for families prioritizing quality education, potentially making the county more appealing for real estate investment. Properties here might attract more interest, given the likely perception of better educational outcomes tied to these... Read more
Student-to-teacher ratio in Independence County, Arkansas over the last 10 years
Over the past ten years, Independence County, Arkansas has seen its student-to-teacher ratio hover mostly below the national average of 14 students per teacher. With ratios generally ranging between 12 and 13 students per teacher, the area might offer a more personalized educational experience which could be appealing to families and educators. For real estate agents and investors, these educational metrics could signal a potential draw for families seeking quality education environments. Lower student-to-teacher ratios can be seen as indicators of better educational outcomes, making properties in this area potentially more desirable.
