Lonoke County Real Estate and Livability Trends
Lonoke County, Arkansas, has witnessed a steady rise in median home values from $126,900 in 2015 to $169,600 in 2022, surpassing state averages while lagging behind national figures. Reflecting a robust investment in energy efficiency, residential energy tax credits surged dramatically from $363.83 in 2013 to $2,918.87 by 2021. The average real estate taxes per return increased from $1,393.91 in... Read more
Lonoke County Market Trends
Lonoke County, Arkansas has seen its median home values rise from $126,900 in 2015 to $169,600 in 2022, outpacing the state average but trailing behind the national median increase. Residential energy tax credits have notably spiked, with average credits jumping from $363.83 in 2013 to an impressive $2,918.87 by 2021, indicating significant investment in energy efficiency. Average real estate... Read more
Median Value of Occupied Housing Units in Lonoke County, Arkansas Over the Last 8 Years
Lonoke County, Arkansas has seen a steady increase in median home values, rising from $126,900 in 2015 to $169,600 in 2022. This growth outpaces the state average, which went from $111,400 to $162,400 over the same period. Compared to the national median, Lonoke County's housing values are rising at a slower rate, evidenced by the national median jumping from $125,500 in 2015 to $179,400 in 2022. Investors and homebuyers may view Lonoke County as a steadily growing market with opportunities for appreciation, but the area remains more affordable than national averages, making it potentially attractive for budget-conscious buyers.
Residential Energy Tax Credit Per Tax Return in Lonoke County, AR Over the Last 9 Years
Residential energy tax credits have seen an upward trajectory in Lonoke County, Arkansas over the past nine years, with notable spikes in recent years. Starting from a modest average of $363.83 in 2013, the average credit per tax return surged to an impressive $2,918.87 by 2021. This dramatic increase, especially from 2017 onwards, suggests a growing investment in energy-efficient home improvements. For those considering investing in or moving to Lonoke County, this trend highlights a significant opportunity for potential savings through energy tax credits, making it an attractive location for both energy-conscious homeowners and developers.
Average Real Estate Taxes Per Tax Return in Lonoke County, AR Over the Last 10 Years
Over the past decade, Lonoke County, Arkansas has seen a steady increase in average real estate taxes per tax return, starting from around $1,393.91 in 2012 and reaching approximately $2,360.63 by 2021. This upward trend highlights the potential for increased property costs, suggesting potential implications for future homebuyers, property investors, and residents considering long-term financial planning. Notably, there was a significant jump between 2017 and 2018, where the average rose from $1,649.69 to $2,167.28, marking a noteworthy shift.
Percentage of Farm Returns in Lonoke County, AR Over the Last 10 Years
Over the last decade in Lonoke County, Arkansas, the percentage of farm tax returns has seen a gradual decline from 2.26% in 2012 to approximately 1.77% in 2021. Farm tax returns represent the proportion of tax filings attributed to farming activities, reflecting the agricultural sector's relative economic presence. This subtle downward trend may suggest a pivot in the local economy or a shift in land use, which could have implications for those looking to invest in agriculture, real estate, or other development projects in the county.
Number of Mortgages by Occupancy Type in Lonoke County, AR Over the Last 5 Years in Lonoke County
The trend in Lonoke County, Arkansas, over the past five years indicates a dominant focus on principal residences, consistently representing the majority of mortgages issued. Investment properties show a somewhat rising pattern from 2018 to 2021, peaking, and then slightly declining into 2022. Second residences remain a small fraction but follow a similar up-and-down pattern. These changes suggest varying levels of interest and economic conditions for different property types. Potential investors and real estate agents might find the rise and fall in investment properties indicative of market volatility or shifting investor priorities. Insurance agents and appraisers will note that the high demand for principal residences might affect insurance premiums and property valuations. Additionally, those looking to build or move to the area should account for the dominant market segment being primary homes, potentially influencing available resources and community infrastructure.
Economic Outlook
Lonoke County, Arkansas, has shown a consistent increase in average taxable income per tax return, climbing from $51,533.12 in 2013 to $66,009.24 in 2021, suggesting a progressively prosperous economic environment. However, average state and local income taxes have also surged, nearly doubling from $5,949.29 in 2012 to $11,798.47 in 2021, particularly spiking after 2017. Total tax liabilities have similarly increased, from $6,967.73 in 2013 to $9,060.53 in 2021. Meanwhile, the percentage of... Read more
Average Taxable Income per Tax Return in Lonoke County, AR over the last 9 years
Over the past nine years, Lonoke County, AR has seen a steady increase in the average taxable income per tax return, rising from $51,533.12 in 2013 to $66,009.24 in 2021. This upward trend signifies growing economic prosperity and could indicate a favorable environment for investment and property development. For residents and potential movers, the consistent rise in income levels suggests a strengthening local economy, making Lonoke County an attractive option for long-term growth and financial stability.
Average State and Local Income Taxes Per Tax Return in Lonoke County, AR Over the Last 10 Years
Over the past decade, Lonoke County, AR has experienced a significant increase in average state and local income taxes per tax return, rising steeply from $5,949.29 in 2012 to $11,798.47 in 2021. Notably, the sharpest jumps occurred between 2017 and 2021. For prospective residents and current inhabitants, this trend could impact financial planning and overall cost of living.
Average Total Tax Liability Per Tax Return in Lonoke County, AR Over the Last 10 Years
Over the past decade, Lonoke County, Arkansas, has experienced fluctuations in the average total tax liability per tax return. After a low of $6,967.73 in 2013, tax liabilities saw a gradual increase, peaking at $9,060.53 in 2021. This trend highlights a general rise in tax obligations for residents, which could be attributed to various economic factors and changes in income levels, making it a key consideration for potential investors and those planning to move or build property in the area.
Cost of Living in Lonoke County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,183 | $1,371 | $1,899 | $1,281 | $1,268 |
| 1 adult 4 children | $1,183 | $1,120 | $1,452 | $1,281 | $1,482 |
| 2 adults 3 children | $1,183 | $1,120 | $1,648 | $1,281 | $1,034 |
| 1 adult 3 children | $1,183 | $915 | $1,201 | $1,281 | $1,221 |
| 2 adults 2 children | $887 | $917 | $1,397 | $1,120 | $865 |
| 1 adult 2 children | $887 | $685 | $950 | $1,120 | $870 |
| 2 adults 1 child | $887 | $725 | $1,146 | $596 | $795 |
| 1 adult 1 child | $887 | $468 | $698 | $596 | $690 |
| 2 adults | $776 | $582 | $894 | $0 | $650 |
| 1 adult | $762 | $318 | $447 | $0 | $585 |
Safety trends & Data
Property crime trends in Lonoke County, Arkansas, have shown fluctuating patterns over the past five years. Larceny-theft rates hit a high of 147.00 cases in 2018 but dropped to a low of 53.00 in 2021, climbing back to 78.00 in 2022. Burglary incidents also saw a similar pattern, peaking at 48.00 cases in 2021 after a drop to 22.00 cases in 2020. Motor vehicle thefts and vandalism have experienced minor variations, with motor vehicle theft ranging from 12.00 to 19.00 cases per year. These... Read more
Property Crime Trends in Lonoke County, AR Over the Last 5 Years
Investors, appraisers, and real estate agents should note the fluctuating property crime trends in Lonoke County, Arkansas, over the last five years. While larceny-theft remains consistently high, peaking at 147.00 cases in 2018 and adding up to 98.00 cases in 2019, it reached a low of 53.00 in 2021 before climbing back to 78.00 in 2022. Burglary incidents illustrate a somewhat similar pattern with 32.00 cases in 2018, decreasing to 22.00 in 2020, then spiking to 48.00 in 2021. Motor vehicle thefts and vandalism rates, although lower, show minor fluctuations, with motor vehicle theft ranging from 12.00 to 19.00 annually. These trends suggest inherent risks and potential security needs for property owners.
Demographics
Lonoke County, Arkansas has a nearly even split between male and female adults, which could have implications for local policy and economy. Educational attainment shows a strong leaning towards high school graduates and those with some college experience, suggesting a potential workforce primed for vocational and skill-oriented programs. Age distribution indicates a sizable young population under 34, yet a significant number of residents are also in the 45-64 age bracket, hinting at varied... Read more
Race Distribution in Lonoke County, Arkansas (2022)
Educational Attainment in Lonoke County, Arkansas (2022)
Age Distribution in Lonoke County, Arkansas
Citizen Population in Lonoke County, Arkansas (2022)
Political Trends & Data
In Lonoke County, Arkansas, the 2020 U.S. Presidential Election results may indicate a predominantly conservative voter base, with approximately 75% of votes going to the Republican party. The Democratic party captured just over 21%, while the Libertarian and Green parties each had under 2%. Other parties collectively secured around... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election for Lonoke County, Arkansas, the trend suggests a strong leaning towards the Republican party, garnering approximately three-quarters of the votes. The Democratic party captured a little over 21%, while the Libertarian and Green parties had minimal support, each below 2%. Other parties collectively secured around 2%. This distribution possibly hints at a predominantly conservative voter base in this region.
74.63% of voters voted for the Republican party in the 2020 Presidential Election
21.81% of voters voted for the Democrat party in the 2020 Presidential Election
1.31% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
2.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lonoke County, Arkansas boasts a student-to-teacher ratio that has slightly exceeded the national average over the past decade, peaking at about 15 students per teacher in 2016, 2017, and 2019. In recent years, however, the ratio has trended closer to the average, reaching 14.88 in 2023. For investors and potential movers, this consistent yet slightly higher ratio suggests more manageable class sizes and could reflect positively on the quality of education and community investment in local... Read more
Student-to-teacher ratio in Lonoke County, Arkansas over the last 10 years
Lonoke County, Arkansas has seen its student-to-teacher ratio hover slightly above the national average of 14 students per teacher over the past decade. Ratios peaked at about 15 students per teacher in 2016, 2017, and 2019, but values have generally trended back down closer to the average in recent years, sitting at 14.88 in 2023. For investors, appraisers, real estate agents, and those considering a move, this stable yet slightly higher-than-average ratio might imply more manageable class sizes compared to other regions with higher ratios, potentially reflecting on the quality of education and community investment in schools.
