Madison County Real Estate and Livability Trends
Madison County, Arkansas, offers compelling investment potential, witnessing a rise in median home values from $96,100 in 2015 to $148,300 in 2022, surpassing state growth rates. Economic growth is evident, with average taxable incomes increasing from $38,548.87 in 2013 to $53,949.72 in 2021, indicating stronger financial resilience and consumer spending power. The student-to-teacher ratio... Read more
Madison County Market Trends
Madison County, Arkansas, has experienced a significant jump in median home values over the last eight years, rising from $96,100 in 2015 to $148,300 in 2022, outpacing the overall state growth rate. Meanwhile, residential energy tax credits have shown dramatic fluctuations, peaking impressively at $2,400.00 in both 2017 and 2021, possibly reflecting a dynamic investment landscape in renewable... Read more
Median Value of Occupied Housing Units in Madison County, Arkansas Over the Last 8 Years
The median home value in Madison County, Arkansas has seen a substantial increase over the past eight years, jumping from $96,100 in 2015 to $148,300 in 2022. This outpaces the overall growth rate in Arkansas, where values moved from $111,400 to $162,400 in the same period. While Madison County still lags behind the national median value, which reached $179,400 in 2022, the local market's rapid appreciation could signal a ripe opportunity for investment in this area.
Residential Energy Tax Credit Per Tax Return in Madison County, AR Over the Last 8 Years
Madison County, Arkansas has seen notable fluctuations in residential energy tax credits over the past eight years. Following a sharp drop from $350.00 to $240.86 per return between 2013 and 2016, there was a remarkable spike to $2400.00 in 2017. While 2019 saw a dip to $466.67, subsequent years witnessed another significant rise to $1675.00 in 2020, maintaining a high at $2400.00 in 2021. These variations highlight the evolving investment and regulatory landscape in renewable energy, influencing property values and investment opportunities in the region.
Average Real Estate Taxes Per Tax Return in Madison County, AR Over the Last 10 Years
Madison County, Arkansas has experienced a noticeable upward trend in average real estate taxes per tax return over the past decade. Starting at $1,020.51 in 2012, these taxes have consistently climbed, peaking at $2,033.33 in 2020. This increase could be indicative of rising property values, reflecting growing interest and potential for investment in the area. For potential homebuyers or investors, the area seems to be becoming more valuable, but with it comes higher tax obligations.
Percentage of Farm Returns in Madison County, AR Over the Last 10 Years
The percentage of farm tax returns in Madison County, Arkansas has generally shown a declining trend over the last decade, dropping from approximately 17.39% in 2012 to around 15.24% in 2021. Farm tax returns are essential financial documents filed by agricultural producers to report income and expenses from their farming operations. For those considering investment or property development in Madison County, this trend could imply a shift in the local economy, potentially affecting land values and the agricultural sector's influence on the community's overall economic health.
Number of Mortgages by Occupancy Type in Madison County, AR Over the Last 5 Years in Madison County
There’s been a clear trend of increasing mortgage counts for principal residences in Madison County, Arkansas over the past five years, starting at 567 in 2018 and peaking at 932 in 2021, before dipping slightly to 771 in 2022. Investment properties and second residences show more stable figures with investment properties averaging around 40-52 per year and second residences hovering around 12-26 per year. These shifts in occupancy types can be crucial for stakeholders as they potentially reflect underlying economic conditions, demand for housing, and investment opportunities. Changes in the volume of principal residences might indicate migration trends or local economic growth, which would be pivotal information for investors, builders, and real estate professionals in shaping future strategies.
Economic Outlook
Madison County, Arkansas, has experienced notable economic growth, with average taxable incomes rising from $38,548.87 in 2013 to $53,949.72 in 2021—a trend that underlines the area's potential for higher investment returns. Coupled with peaking state and local income taxes in 2019 at $10,683.33, this suggests either increased local services or a higher cost of living. Average total tax liabilities have also climbed significantly, from $4,871.06 in 2012 to $7,339.96 in 2021, reflecting a... Read more
Average Taxable Income per Tax Return in Madison County, AR over the last 9 years
Madison County, AR has seen a consistent upward trend in average taxable income per tax return over the last nine years, rising from $38,548.87 in 2013 to $53,949.72 in 2021. This steady increase highlights the economic growth and potential for higher investment returns in the area. Notably, the most significant jump occurred between 2020 and 2021, indicating a buoyant period for local incomes. For investors and potential homeowners, this trend suggests a strengthening financial landscape and possibly heightened spending power within the community.
Average State and Local Income Taxes Per Tax Return in Madison County, AR Over the Last 10 Years
Over the past decade, Madison County, AR has seen a notable rise in average state and local income taxes per tax return, peaking in 2019 at $10,683.33. This increase, particularly sharp from 2017 to 2019, reflects changing economic conditions or tax policies impacting the county. Despite a slight decline post-2019, average taxes remain significantly higher than early-decade values, indicating a potentially higher cost of living or increased local public services and amenities. This trend could impact residents' financial planning and those considering moving to the area.
Average Total Tax Liability Per Tax Return in Madison County, AR Over the Last 10 Years
Over the last decade, average total tax liability per tax return in Madison County, Arkansas has shown a significant upward trend, starting from $4,871.06 in 2012 to $7,339.96 in 2021. This steady climb indicates a growing economic base, possibly driven by increasing incomes or business revenues, making it an attractive spot for investors and property developers. For those considering moving to or investing in the area, the county's financial health and potential for growth are evident through these rising tax liabilities.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $942 | $1,371 | $1,899 | $1,281 | $1,191 |
| 1 adult 4 children | $942 | $1,120 | $1,452 | $1,281 | $1,390 |
| 2 adults 3 children | $942 | $1,120 | $1,648 | $1,281 | $959 |
| 1 adult 3 children | $942 | $915 | $1,201 | $1,281 | $1,129 |
| 2 adults 2 children | $662 | $917 | $1,397 | $1,120 | $811 |
| 1 adult 2 children | $662 | $685 | $950 | $1,120 | $794 |
| 2 adults 1 child | $662 | $725 | $1,146 | $596 | $739 |
| 1 adult 1 child | $662 | $468 | $698 | $596 | $628 |
| 2 adults | $544 | $582 | $894 | $0 | $589 |
| 1 adult | $513 | $318 | $447 | $0 | $512 |
Safety trends & Data
Madison County, Arkansas has seen property crime fluctuations over the past five years, peaking in 2018 with 26 burglary cases but dropping to 6 by 2022. Larceny-theft also decreased from 15 cases in 2018 to 11 in 2022. However, vandalism spiked to 10 cases in 2022 after minimal activity in prior years. Arson and motor vehicle theft have remained relatively low but inconsistent. These trends might suggest a slightly improving safety environment possibly appealing to potential investors,... Read more
Property Crime Trends in Madison County, AR Over the Last 5 Years
Madison County, Arkansas has seen fluctuations in property crime over the past five years. Burglary incidents hit a peak in 2018 with 26 reported cases but have decreased significantly to 6 in 2022. Larceny-theft cases also showed a downward trend starting from 15 cases in 2018 to 11 in 2022. Notably, vandalism had a sharp increase to 10 cases in 2022 after minimal activity in previous years. Arson and motor vehicle theft, while present, have been relatively low, with occasional spikes. These trends may suggest a slightly improving safety environment which could be attractive for potential investors, insurers, and new residents considering Madison County.
Demographics
Madison County, Arkansas has a nearly balanced gender ratio with 6,480 males and 6,206 females as of 2022. Educational attainment shows that a significant portion of the population holds a high school diploma, with a notable 5,766 adults in this category. The age distribution suggests a relatively even spread across different age groups, but with a higher concentration in the under 10 years and 55 to 64 years brackets. When it comes to race, the county is overwhelmingly white at 13,326... Read more
Race Distribution in Madison County, Arkansas (2022)
Educational Attainment in Madison County, Arkansas (2022)
Age Distribution in Madison County, Arkansas
Citizen Population in Madison County, Arkansas (2022)
Political Trends & Data
Madison County, Arkansas potentially leans heavily Republican, with the GOP estimated to have secured around 77% of the vote in the 2020 U.S. Presidential Election. The Democratic Party possibly garnered about 21%, and minor parties like the Libertarians and Greens barely registered, capturing roughly 1% or less. This political landscape might indicate a predominantly conservative voter base, shaping local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Madison County, Arkansas, the 2020 U.S. Presidential Election results showed a significant lean towards the Republican Party, with Republicans potentially securing around 77% of the vote. This overshadowed the Democratic party, which possibly garnered about 21%, and suggests a strong Republican presence. Minor parties such as the Libertarians and Greens saw minimal support, capturing roughly 1% or less of the total vote each. This distribution highlights the potential political inclinations of the county’s voters, emphasizing a predominantly Republican preference.
76.97% of voters voted for the Republican party in the 2020 Presidential Election
21.26% of voters voted for the Democrat party in the 2020 Presidential Election
0.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
0.78% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Madison County, Arkansas, has recently dropped to twelve students per teacher, nearing the national average. This trend could be a point of interest for prospective homebuyers and investors, as better educational outcomes often follow lower ratios. Real estate professionals and builders might leverage this information to attract families looking for strong educational support, indicating potentially higher market demand in these... Read more
Student-to-teacher ratio in Madison County, Arkansas over the last 10 years
The student-to-teacher ratio in Madison County, Arkansas has generally remained close to the national average over the past decade, with a notable decrease to twelve students per teacher in 2023. This fluctuation affects various stakeholders; for instance, prospective homebuyers and investors might find lower ratios appealing due to potentially better educational outcomes. Insurance agents and appraisers may note that quality education can correlate with increased property values. Real estate agents and builders can leverage this information to attract families seeking strong educational support, suggesting more substantial market demand in areas with lower student-to-teacher ratios.
