Lawrence County Real Estate and Livability Trends
Average taxable income per tax return in Lawrence County, Arkansas, has climbed significantly from $38,789.14 in 2013 to $49,171.25 in 2021, reflecting a possibly stronger job market and higher wages. Meanwhile, median home values have risen from $64,500 in 2015 to $84,300 in 2022, though still lagging behind state and national figures, positioning Lawrence County as an affordable option with... Read more
Lawrence County Market Trends
Lawrence County, Arkansas has seen its median home values grow from $64,500 in 2015 to $84,300 in 2022, still lagging behind the state and national figures which hit $162,400 and $179,400 respectively. This disparity highlights Lawrence County as an affordable alternative with significant growth potential. Further, the county's average residential energy tax credit soared to $1,500 in 2021 from... Read more
Median Value of Occupied Housing Units in Lawrence County, Arkansas Over the Last 8 Years
Lawrence County, Arkansas, has experienced a steady rise in median home values over the past eight years, jumping from $64,500 in 2015 to $84,300 in 2022. Though this growth seems substantial within the county, Lawrence County's median home values remain significantly lower compared to both State and National figures. For context, Arkansas' median home value surged from $111,400 in 2015 to $162,400 in 2022, while the national median value climbed from $125,500 to $179,400 during the same period. This disparity could make Lawrence County an appealing option for those seeking more affordable housing or investment opportunities in a rising market without the hefty price tags seen at the state and national levels.
Residential Energy Tax Credit Per Tax Return in Lawrence County, AR Over the Last 8 Years
Lawrence County, Arkansas has seen a dramatic increase in the average residential energy tax credit per tax return, particularly in 2021 where it skyrocketed to $1,500.00, up from $300.00 in 2020. This upward trend, especially the massive jump in 2021, suggests an increasing investment in energy-efficient home improvements or solar installations. Investors and home builders may find this indicative of the growing market for energy-efficient solutions in the area, making it a potentially lucrative opportunity.
Average Real Estate Taxes Per Tax Return in Lawrence County, AR Over the Last 10 Years
Lawrence County, Arkansas has seen a steady increase in real estate taxes per tax return since 2012. Initially at $736.67, taxes have surged to $1,370.00 by 2021, peaking significantly around 2018 with $1,181.82. Despite minor fluctuations, the upward trend suggests growing property values and local government revenue needs. This matters for those considering investment or relocation, as it reflects not only economic growth but also potential increases in the cost of property ownership.
Percentage of Farm Returns in Lawrence County, AR Over the Last 10 Years
Farm tax returns in Lawrence County, Arkansas have demonstrated a trend of slight fluctuation but generally hovered around the 7.2% to 8.5% range over the past decade. These returns peaked in 2012 at approximately 8.48%, with minor dips and recoveries, such as a notable low in 2020 at approximately 7.24%. This data might suggest a relatively stable agricultural economy, which could be appealing for potential investors or residents interested in rural property development or agricultural ventures. High farm tax returns may reflect viable farmland and investment opportunities, despite the small variations over time.
Number of Mortgages by Occupancy Type in Lawrence County, AR Over the Last 5 Years in Lawrence County
Lawrence County, Arkansas shows notable trends in mortgage activity across different occupancy types over the past five years. Principal residences consistently dominate the market, with mortgage counts rising from 460 in 2018 to a peak of 615 in 2021. Conversely, investment properties have seen a slight decline, moving from 51 mortgages in 2019 to 40 in 2022. Second residence mortgages remain relatively minimal but show a slight increase. Understanding such changes can be crucial for investors assessing market stability, homeowners considering relocation, appraisers evaluating property values, and real estate agents and insurance agents who need insights into local property demands.
Economic Outlook
Average taxable income per tax return in Lawrence County, Arkansas, has climbed from $38,789.14 in 2013 to $49,171.25 in 2021, suggesting stronger job markets and higher wages. State and local income taxes per return have also seen a sharp rise, from $5,021.13 in 2012 to $10,891.67 in 2021, indicating increased living costs. The total tax liability per return grew to $6,427.66 by 2021 from $4,513.93 in 2012, with slight dips in 2017 and 2018, reflecting a complex picture of economic growth and... Read more
Average Taxable Income per Tax Return in Lawrence County, AR over the last 9 years
Average taxable income per tax return in Lawrence County, AR has seen a steady increase over the past nine years, rising from $38,789.14 in 2013 to $49,171.25 in 2021. This relatively consistent growth, especially substantial in the last year, suggests a strengthening local economy and may indicate better job opportunities and higher wages. For investors and potential residents, these trends highlight the area’s potential for stable financial growth and improved quality of life.
Average State and Local Income Taxes Per Tax Return in Lawrence County, AR Over the Last 10 Years
Over the past decade, Lawrence County, AR has experienced a significant upward trend in state and local income taxes per tax return, increasing from $5,021.13 in 2012 to $10,891.67 in 2021. This steady rise, particularly the sharp jumps seen in 2016 and from 2018 onwards, is an important consideration for potential residents and current inhabitants when evaluating the overall cost of living and tax burdens in the area.
Average Total Tax Liability Per Tax Return in Lawrence County, AR Over the Last 10 Years
The average total tax liability per tax return in Lawrence County, Arkansas, has seen a notable upward trend over the last decade. Starting at $4,513.93 in 2012, it increased over the years, reaching $6,427.66 by 2021. Exceptions to this upward trend were seen in 2017 and 2018 where tax liabilities slightly dropped to $5,290.91 and $4,842.75, respectively. This increase indicates a growing economic impact on residents and can be a crucial factor for potential investors or those looking to move to the area, as it reflects changes in income levels, property values, and local economic conditions.
Cost of Living in Lawrence County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $957 | $1,383 | $1,862 | $966 | $1,005 |
| 1 adult 4 children | $957 | $1,130 | $1,425 | $966 | $1,140 |
| 2 adults 3 children | $957 | $1,130 | $1,616 | $966 | $789 |
| 1 adult 3 children | $957 | $923 | $1,178 | $966 | $847 |
| 2 adults 2 children | $720 | $925 | $1,369 | $839 | $682 |
| 1 adult 2 children | $720 | $691 | $931 | $839 | $630 |
| 2 adults 1 child | $720 | $731 | $1,122 | $426 | $648 |
| 1 adult 1 child | $720 | $472 | $684 | $426 | $561 |
| 2 adults | $547 | $587 | $875 | $0 | $531 |
| 1 adult | $539 | $320 | $438 | $0 | $500 |
Safety trends & Data
In Lawrence County, Arkansas, property crime trends offer mixed insights. Larceny-theft spiked in 2018 with 18 reported cases but dramatically fell to just 2 by 2021 and 2022. Burglary incidents peaked in 2019 with 14 cases but have since declined to an average of 4 cases per year. Vandalism has remained relatively steady, averaging around 6-9 cases annually. These trends might suggest an improving safety landscape, which is worth noting for investors, real estate agents, and potential new... Read more
Property Crime Trends in Lawrence County, AR Over the Last 5 Years
Lawrence County, Arkansas has seen fluctuating trends in property crimes over the past five years. While larceny-theft was notably high in 2018 with 18 reported cases, it saw a significant decline to just 2 cases by 2021 and 2022. Burglary incidents peaked in 2019 with 14 cases, but then sharply decreased, averaging around 4 cases per year in subsequent years. Vandalism has remained relatively steady, typically averaging around 6-9 cases annually. Investors, real estate agents, and those considering moving to the area might find these trends encouraging as there appears to be a downward trend in some of the more prevalent property crimes.
Demographics
Men and women in Lawrence County, Arkansas in 2022 are almost equally distributed, with females having a slight edge. Education-wise, high school graduates, including those with equivalency, form the largest group, though there's a noticeable presence of individuals who didn't complete high school. Age patterns reveal a significant chunk of the population falls into older age groups, particularly 55 to 64 years. The majority demographic is White, with other races forming very small... Read more
Race Distribution in Lawrence County, Arkansas (2022)
Educational Attainment in Lawrence County, Arkansas (2022)
Age Distribution in Lawrence County, Arkansas
Citizen Population in Lawrence County, Arkansas (2022)
Political Trends & Data
Lawrence County, Arkansas, leaned heavily toward Republican candidates in the 2020 presidential election, possibly giving them almost 78% of the vote, while Democrats may have received about 18%. Minor parties barely made a dent in the overall vote share. This trend could hint at a robust Republican influence that shapes not only local but also state political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lawrence County, Arkansas, showed a pronounced preference for Republican candidates in the 2020 presidential election, with Republicans potentially securing nearly 78% of the vote. Democrats garnered significantly less support, possibly receiving around 18% of the vote. Minor parties like the Libertarian and Green parties, along with other candidates, collectively made up a small fraction of the vote share. This voting pattern might suggest a strong Republican presence within the county, potentially influencing local and state political dynamics.
78.01% of voters voted for the Republican party in the 2020 Presidential Election
18.44% of voters voted for the Democrat party in the 2020 Presidential Election
0.89% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
2.53% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lawrence County, Arkansas, has maintained a student-to-teacher ratio between approximately 12 and 13 students per teacher over the past decade, suggesting a more individualized educational experience compared to the national average of 14 students per teacher. For investors and families considering relocation, this could translate to a community that values lower student density in classrooms. This context might influence property values and risk assessments related to educational... Read more
Student-to-teacher ratio in Lawrence County, Arkansas over the last 10 years
The student-to-teacher ratio in Lawrence County, Arkansas, has generally hovered around a relatively low range between approximately 12 and 13 students per teacher over the past decade. This trend indicates a more individualized educational experience compared to the national average of 14 students per teacher. For investors, families considering relocation, or real estate agents, this potentially translates to a community that values lower student density in classrooms, which might be a selling point for quality education. This context is valuable for appraisers and insurance agents as well, as it could influence property values and risk assessments related to educational infrastructure.
