Little River County Real Estate and Livability Trends
Little River County, Arkansas has seen a notable rise in median home values, from $75,500 in 2015 to $108,200 in 2022, though still lagging behind state and national medians. Additionally, real estate taxes per tax return have risen from $758.06 in 2012 to $1,360.00 in 2021, hinting at rising property values or possible tax policy changes. Fluctuations in residential energy tax credits could... Read more
Little River County Market Trends
Little River County, Arkansas has seen the median home value climb from $75,500 in 2015 to $108,200 in 2022, though still below the state and national medians. Notable fluctuations in residential energy tax credits—from $363.64 in 2013 to $2242.86 in 2021—may signal increased focus on energy efficiency upgrades. Real estate taxes per tax return grew from $758.06 in 2012 to $1,360.00 in 2021,... Read more
Median Value of Occupied Housing Units in Little River County, Arkansas Over the Last 8 Years
Little River County, Arkansas has seen a significant uptick in median home values over the past eight years, culminating in a rise from $75,500 in 2015 to $108,200 in 2022. While still below Arkansas's state median of $162,400 and the national figure of $179,400 for 2022, the county's growth trajectory—particularly the sharp jumps in recent years—signals a potentially advantageous market for investors and homebuyers. This increase could hint at expanding local amenities or other factors making the area more desirable.
Residential Energy Tax Credit Per Tax Return in Little River County, AR Over the Last 8 Years
Over the past eight years, Little River County, Arkansas has experienced significant fluctuations in residential energy tax credits per tax return. From a modest average of around $363.64 in 2013, the credit surged to a noteworthy peak of $700.00 in 2017, then skyrocketed to $2242.86 in 2021. This dramatic increase likely reflects heightened investment in energy-efficient upgrades or incentives, indicating a growing emphasis on sustainable living and potentially making the county more attractive for environmentally conscious investors and residents.
Average Real Estate Taxes Per Tax Return in Little River County, AR Over the Last 10 Years
Over the last decade in Little River County, Arkansas, real estate taxes per tax return have shown notable fluctuations, with marked increases particularly in recent years. Starting at around $758.06 in 2012, the amount saw significant climbs, peaking at approximately $1,360.00 in 2021. Interestingly, the most substantial jump occurred between 2017 and 2019, hinting at potential changes in property values or tax policies. For investors or individuals considering property in the area, these numbers could suggest a growing market or rising property valuations.
Percentage of Farm Returns in Little River County, AR Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Little River County, Arkansas, has consistently hovered around 7%. Starting at approximately 6.59% in 2012, the percentage saw a mild increase, peaking close to 7.11% in 2016. Although there was a slight dip to nearly 6.69% in 2020, it rebounded to around 7.06% by 2021. Farm tax returns indicate the proportion of agricultural properties filing taxes, reflecting the viability and engagement in farming activities, which could be a critical metric for future investors and residents keen on understanding the county's agricultural backbone.
Number of Mortgages by Occupancy Type in Little River County, AR Over the Last 5 Years in Little River County
Investment properties in Little River County, Arkansas have remained relatively steady over the last five years, noting subtle changes which may indicate stable market confidence. Principal residences have increased, reaching a peak in 2021, which could suggest a rising desirability for settling in the area. Meanwhile, second residences have seen a slight uptick, though they still lag significantly behind the other categories. Changes in occupancy type may inform potential investors or real estate agents about market stability and demand, signaling where growth or shifts may lie. Additionally, appraisers and insurance agents should consider these trends for valuation and risk assessments, respectively, aiding in accurate financial and coverage decisions.
Economic Outlook
Little River County, Arkansas has seen a steady rise in average taxable income per tax return from $41,219.52 in 2013 to $50,057.58 in 2021, hinting at economic growth. The area has also witnessed notable fluctuations in average state and local income taxes, peaking at $6,227.27 in 2021, which could affect cost of living and financial planning. Additionally, total tax liabilities have shown slight volatility but generally trended upward. These trends suggest a dynamic economic environment that... Read more
Average Taxable Income per Tax Return in Little River County, AR over the last 9 years
Little River County, AR has seen a steady increase in the average taxable income per tax return over the last nine years, jumping from $41,219.52 in 2013 to $50,057.58 in 2021. This growth, despite minor fluctuations, suggests a trending economic prosperity in the area. For potential investors, new residents, and property developers, the rising taxable income signals a robust economic environment and a potentially lucrative market.
Average State and Local Income Taxes Per Tax Return in Little River County, AR Over the Last 10 Years
Over the past decade, Little River County, AR has experienced a notable fluctuation in average state and local income taxes per tax return, starting at $4,750.00 in 2012 and peaking at $6,227.27 in 2021. This trend highlights both cyclic variability and an overall upward trajectory, impacting cost of living considerations for current residents and potential movers to the area. Notably, there was a significant increase from $4,819.05 in 2017 to $6,015.38 in 2019, indicating sporadic but sharp rises which may influence financial planning and tax burden forecasts.
Average Total Tax Liability Per Tax Return in Little River County, AR Over the Last 10 Years
Over the last decade, Little River County, Arkansas has experienced fluctuating average total tax liabilities per tax return, ranging from approximately $5,127.83 in 2013 to a peak of $6,354.76 in 2016. This indicates slight volatility, but an overall upward trend. Investors or potential homeowners should note these shifts, as they reflect economic changes that could impact financial planning and property investments.
Cost of Living in Little River County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,023 | $1,375 | $1,899 | $1,281 | $1,174 |
| 1 adult 4 children | $1,023 | $1,123 | $1,452 | $1,281 | $1,336 |
| 2 adults 3 children | $1,023 | $1,124 | $1,648 | $1,281 | $918 |
| 1 adult 3 children | $1,023 | $917 | $1,201 | $1,281 | $1,076 |
| 2 adults 2 children | $720 | $920 | $1,397 | $1,120 | $772 |
| 1 adult 2 children | $720 | $687 | $950 | $1,120 | $744 |
| 2 adults 1 child | $720 | $727 | $1,146 | $596 | $705 |
| 1 adult 1 child | $720 | $470 | $698 | $596 | $616 |
| 2 adults | $547 | $584 | $894 | $0 | $539 |
| 1 adult | $543 | $319 | $447 | $0 | $507 |
Safety trends & Data
Despite fluctuating crime rates, Little River County, Arkansas, remains an interesting case study for real estate investors due to notable peaks in larceny-theft during 2019 and 2020. Burglary arrests also saw significant variation, peaking in 2019 but showing a decline in subsequent years. While motor vehicle theft has remained pretty stable with only minor increases, the sporadic nature of vandalism and arson may also impact property valuations and insurance considerations. For real estate... Read more
Property Crime Trends in Little River County, AR Over the Last 5 Years
Larceny-theft appears to be a recurring issue in Little River County, Arkansas, with notable spikes in 2019 and 2020, potentially indicating higher vulnerability during those years. Burglary arrests also show significant fluctuations, peaking in 2019 but considerably lower in the following years. Motor vehicle theft seems relatively stable, with occasional minor increases. Vandalism and arson show sporadic occurrences, suggesting less consistent activity. Investors, moving families, insurance agents, and real estate professionals might find these fluctuating crime rates crucial for risk assessment and decision-making.
Demographics
In Little River County, Arkansas, the slight male-female imbalance shows a unique demographic nuance, with females slightly outnumbering males. Educational attainment is skewed heavily towards high school graduates and those with some college but no degree, hinting at an education-to-work pipeline likely prevalent locally. The age distribution underscores a significant population of residents in their senior years, indicating potential needs for geriatric healthcare and related services.... Read more
Race Distribution in Little River County, Arkansas (2022)
Educational Attainment in Little River County, Arkansas (2022)
Age Distribution in Little River County, Arkansas
Citizen Population in Little River County, Arkansas (2022)
Political Trends & Data
Little River County's strong lean towards the Republican party, demonstrated by over 71% of the vote in the 2020 U.S. Presidential Election, suggests a conservative political environment. This substantial preference may influence local policies and, consequently, real estate market trends. However, the presence of about 24% Democratic support and minor third-party votes indicates some political diversity, which could attract a broader spectrum of potential... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Little River County, Arkansas, voter preference leaned significantly towards the Republican party, which garnered over 71% of the vote in the 2020 U.S. Presidential Election. The Democratic party trailed with approximately 24%, while smaller parties such as the Libertarians and Greens captured minimal support. Such a distribution may indicate a strong conservative presence in this area, yet the presence of votes for third-party candidates could suggest pockets of diverse political views.
71.76% of voters voted for the Republican party in the 2020 Presidential Election
23.68% of voters voted for the Democrat party in the 2020 Presidential Election
0.85% 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
3.57% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Little River County, Arkansas, the student-to-teacher ratio has trended downward over the last decade to around 11 or 12 students per teacher, compared to the national average of 14. Smaller class sizes could suggest a more personalized educational environment, which might appeal to families prioritizing education. This could be valuable for real estate investors, home builders, and agents considering the attractiveness of the area for family-centric buyers. Appraisers and insurance agents... Read more
Student-to-teacher ratio in Little River County, Arkansas over the last 10 years
In Little River County, Arkansas, the student-to-teacher ratio has seen a downward trend over the last decade, landing at an average of around 11 or 12 students per teacher. This is notably lower than the national average of 14 students per teacher, suggesting potentially smaller class sizes and more personalized attention for students here. For potential investors, home builders, and real estate agents, this trend could indicate a promising environment for families prioritizing education. Additionally, appraisers and insurance agents might find this data relevant for assessing the value and risk associated with properties in this area.
