Lafayette County Real Estate and Livability Trends
Lafayette County, Arkansas has seen a rising average taxable income per tax return, peaking at $46,453.82 in 2021, suggesting economic stability that might appeal to investors and new residents. Median home values peaked at $70,900 in 2022, indicating affordability with slower appreciation. The low student-to-teacher ratio of eight as of 2023, well below the national average, may attract families... Read more
Lafayette County Market Trends
In Lafayette County, Arkansas, the median home value has seen relatively mild fluctuations, peaking at $70,900 in 2022, suggesting potential for lower upfront costs but slower appreciation. Meanwhile, real estate taxes have generally increased, reaching $1,500.00 in 2021, hinting at evolving local tax policies or property values. Farm tax returns have mostly hovered between 8.40% and 9.92%,... Read more
Median Value of Occupied Housing Units in Lafayette County, Arkansas Over the Last 8 Years
In Lafayette County, Arkansas, the median home value has been relatively stagnant compared to national and state trends. While the national median surged from $125,500 in 2015 to $179,400 in 2022, and Arkansas saw an increase from $111,400 to $162,400 during the same period, Lafayette County's median home value fluctuated mildly. It started at $61,400 in 2015, peaked at $70,900 in 2022, but had dips along the way. For those looking to invest, Lafayette County could imply opportunities for lower upfront costs, though it might not offer the rapid appreciation seen elsewhere.
Residential Energy Tax Credit Per Tax Return in Lafayette County, AR Over the Last 5 Years
The average residential energy tax credit per tax return in Lafayette County, Arkansas depicted notable fluctuations over the last five years. In 2014, the credit peaked at $333.33, while it hit a low in 2015 at $250.00, indicating potential variability in energy-efficient investments by residents. This variability could influence decisions for those looking to invest or move to the area, as it reflects periodic incentives for energy efficiency.
Average Real Estate Taxes Per Tax Return in Lafayette County, AR Over the Last 10 Years
Real estate taxes per tax return in Lafayette County, Arkansas have generally shown an upward trajectory over the past decade, with some fluctuations. From $835.71 in 2012, the average saw increases almost yearly, peaking at $1,500.00 in 2021. Notable dips occurred in 2019 to $816.67 and a rise again in 2020 to $1,000.00. This trend potentially reflects changes in property values, local tax policies, or economic conditions. For investors, builders, or prospective residents, understanding these shifts could provide insights into the area's financial dynamics and tax load expectations.
Percentage of Farm Returns in Lafayette County, AR Over the Last 10 Years
The percentage of farm tax returns in Lafayette County, Arkansas, has shown some variability over the last decade, generally hovering between 8.40% and 9.92%. Notably, there were small peaks in 2014 and 2016, reaching around 9.27% and 9.92%, respectively, suggesting periodic upticks in farm-related financial activities. For investors and those considering moving to or developing property in the area, these figures might be indicative of a stable yet modest agricultural presence. Farm tax returns, in this context, give insight into the relative economic contribution of agriculture within the county, potentially signaling opportunities or limitations for future agricultural investments.
Number of Mortgages by Occupancy Type in Lafayette County, AR Over the Last 5 Years in Lafayette County
Lafayette County, Arkansas, has shown fairly stable trends in mortgage counts for investment properties and second residences over the last five years, with principal residences consistently dominating the market. This stability in occupancy types could indicate a relatively balanced local economy, making it a potentially secure opportunity for cautious investors. For appraisers and insurance agents, these trends might signal the need to focus heavily on principal residences when assessing the market. Real estate agents and potential homeowners might find this information valuable for gauging the demand and ensuring appropriate property listings and purchases align with county trends. The relatively low fluctuation could also hint at predictable rental markets, which is critical for those planning property development.
Economic Outlook
Lafayette County, AR has seen a steady rise in average taxable income per tax return, peaking at $46,453.82 in 2021, signaling economic stability that could attract both investors and new residents. The fluctuating state and local income taxes, from $3,516.67 in 2020 to $6,885.71 in 2018, reflect changing economic conditions and tax policies, crucial for financial planning. The increasing average total tax liability, up to $6,513.98 in 2021, could imply growing incomes or rising property... Read more
Average Taxable Income per Tax Return in Lafayette County, AR over the last 9 years
Lafayette County, AR has experienced a steady increase in average taxable income per tax return over the last nine years, peaking notably in 2021 at $46,453.82. This upward trend highlights the area’s growing economic stability, making it an attractive option for potential investors and new residents. Such financial growth can also indicate favorable conditions for property development and business opportunities.
Average State and Local Income Taxes Per Tax Return in Lafayette County, AR Over the Last 10 Years
Over the last decade, Lafayette County, AR has seen significant fluctuations in average state and local income taxes per tax return, ranging from a low of $3,516.67 in 2020 to a high of $6,885.71 in 2018. These variations indicate changing economic conditions and possibly shifting tax policies, which can impact residents' financial planning. Notably, the substantial dip in 2020 could reflect the economic disruptions caused by the COVID-19 pandemic, highlighting the importance of understanding local tax trends when considering relocation or assessing the area's economic health.
Average Total Tax Liability Per Tax Return in Lafayette County, AR Over the Last 10 Years
Over the past decade, Lafayette County, Arkansas has experienced a steady increase in average total tax liability per tax return, with figures rising from $5,332.75 in 2012 to $6,513.98 in 2021. This upward trend, despite minor fluctuations, indicates a gradually growing tax burden for residents, which could have implications for fiscal planning and economic strategies in the region. For investors eyeing Lafayette County, this could reflect broader economic growth, possibly suggesting improved income levels or increased property values, making it a noteworthy consideration.
Cost of Living in Lafayette County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $876 | $1,367 | $1,862 | $966 | $994 |
| 1 adult 4 children | $876 | $1,117 | $1,425 | $966 | $1,127 |
| 2 adults 3 children | $876 | $1,117 | $1,616 | $966 | $779 |
| 1 adult 3 children | $876 | $912 | $1,178 | $966 | $834 |
| 2 adults 2 children | $720 | $914 | $1,369 | $839 | $701 |
| 1 adult 2 children | $720 | $683 | $931 | $839 | $654 |
| 2 adults 1 child | $720 | $723 | $1,122 | $426 | $665 |
| 1 adult 1 child | $720 | $467 | $684 | $426 | $576 |
| 2 adults | $547 | $581 | $875 | $0 | $543 |
| 1 adult | $539 | $317 | $438 | $0 | $509 |
Safety trends & Data
Lafayette County, Arkansas, has experienced shifts in property crime patterns over recent years. While Burglary and Vandalism have had their ups and downs, 2022 saw a notable rise in Vandalism incidents, jumping to 4 from just 1 in 2020. Moreover, fraud cases spiked to 3 in 2022, indicating a potential shift in the crime landscape that may impact risk assessment and investment decisions. This evolving scenario underscores the importance of staying vigilant for those involved in property... Read more
Property Crime Trends in Lafayette County, AR Over the Last 5 Years
Property crime in Lafayette County, Arkansas, has shown fluctuating patterns over the last five years with occasional peaks in specific categories like Burglary and Vandalism. In 2022, Vandalism saw a notable increase to 4 incidents, compared to just 1 in 2020. Frauds similarly spiked to 3 incidents in 2022, reflecting an upward trend from previous years. Such trends may suggest an evolving crime landscape that stakeholders should closely monitor for risk management and investment considerations.
Demographics
Lafayette County, Arkansas shows a nearly balanced gender distribution with a slightly higher female population. The educational landscape reveals that a significant share of adults are high school graduates or have some college experience, though relatively few hold a bachelor's or higher degree. Age-wise, the population skews older, with a substantial number of residents aged 55 and above. Racially, the county appears to have a predominantly White population, followed by a notable Black or... Read more
Race Distribution in Lafayette County, Arkansas (2022)
Educational Attainment in Lafayette County, Arkansas (2022)
Age Distribution in Lafayette County, Arkansas
Citizen Population in Lafayette County, Arkansas (2022)
Political Trends & Data
Lafayette County, Arkansas, exhibited a strong conservative tilt in recent elections, with approximately 66% of votes favoring the Republican party. The Democratic party garnered just over 31%, while third parties like Libertarians and Greens made up a minimal portion of the vote. This political leaning could provide insights into broader regional and demographic tendencies that may influence local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
The voting pattern in Lafayette County, Arkansas leaned significantly toward the Republican party, with around 66% of the vote. The Democratic vote share was just over 31%, while third parties like the Libertarian and Green parties captured minimal percentages. This suggests a strong conservative tendency in the county, with minor influences from other political perspectives. The data could hint at broader regional and demographic factors shaping voter preferences.
65.58% of voters voted for the Republican party in the 2020 Presidential Election
31.32% of voters voted for the Democrat party in the 2020 Presidential Election
0.34% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
2.58% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lafayette County, Arkansas has observed a steady decrease in student-to-teacher ratios, hitting a low of seven students per teacher in 2020, and slightly rising to eight in 2023. This is significantly below the national average of fourteen, potentially making the area attractive to families focused on quality education. Such trends may indicate a stable or gradually expanding community and could be pivotal for real estate agents, investors, and property developers. Insurance agents and... Read more
Student-to-teacher ratio in Lafayette County, Arkansas over the last 10 years
Over the past decade, Lafayette County, Arkansas has seen a steady decrease in student-to-teacher ratios, dipping to a low of seven students per teacher in 2020 before slightly rising again to about eight in 2023. This trend suggests more individualized attention for students compared to the national average of fourteen, which may be a significant draw for families prioritizing education. For potential investors, real estate agents, and property developers, this could signal a stable or possibly growing community focused on quality schooling. Insurance agents and appraisers should also recognize these trends as they might reflect changing demographics and a commitment to enhancing local educational infrastructure.
