Marion County Real Estate and Livability Trends
Marion County, Arkansas has shown consistent economic growth with average taxable income per tax return increasing from $35,745.57 in 2013 to $50,524.70 in 2021, appealing to property developers and investors. Median home values climbed from $102,900 in 2015 to $147,100 in 2022, suggesting a steady real estate market. The notable rise in real estate taxes and energy tax credits, alongside... Read more
Marion County Market Trends
Marion County, Arkansas has seen a consistent rise in median home values, increasing from $102,900 in 2015 to $147,100 in 2022, which, though moderate, suggests steady growth. The average energy tax credit per return surged from $290.91 in 2013 to $1,300.00 by 2021, indicating strong governmental support for energy-efficient upgrades. Real estate taxes have risen from approximately $1,240.91 in... Read more
Median Value of Occupied Housing Units in Marion County, Arkansas Over the Last 8 Years
Marion County, Arkansas has seen a steady increase in median home values over the past eight years, climbing from $102,900 in 2015 to $147,100 in 2022. Compared to the state of Arkansas, which rose from $111,400 to $162,400 during the same period, Marion County's growth appears more moderate yet consistent. On a national scale, the median home values transitioned from $125,500 to $179,400. This slower appreciation in Marion County may offer more affordable opportunities for potential investors or those looking to relocate while still participating in a stable market.
Residential Energy Tax Credit Per Tax Return in Marion County, AR Over the Last 8 Years
Marion County, Arkansas has seen a marked increase in residential energy tax credits per tax return over the last eight years, reflecting growing incentives for energy-efficient upgrades. Notably, the average credit surged from $290.91 in 2013 to $1,300.00 by 2021. This trend highlights significant governmental support for sustainable living initiatives, making it an attractive zone for eco-minded investors and property developers. The consistent, upward trajectory also suggests a strong commitment to energy efficiency that current residents and potential movers can benefit from financially.
Average Real Estate Taxes Per Tax Return in Marion County, AR Over the Last 10 Years
Marion County, Arkansas has seen a noticeable increase in average real estate taxes over the past decade, rising from approximately $1,240.91 in 2012 to around $2,253.33 in 2021. This upward trend could potentially signal a growing demand for property in the area, likely influenced by factors such as improved local amenities or rising property values. Investors and potential residents might view this as a sign of economic development, although it's advisable to consider the broader implications on cost of living and tax liabilities.
Percentage of Farm Returns in Marion County, AR Over the Last 10 Years
Over the past decade, Marion County, Arkansas has witnessed moderate fluctuations in the percentage of farm tax returns, peaking at 7.94% in 2014 and dipping to a low of 6.81% in 2019. Farm tax returns indicate activities related to agricultural operations and can reflect the economic health of the farming sector in the county. These trends might be of interest to prospective investors, property developers, and new residents, as they provide insights into the county's agricultural stability and potential for rural development. Additionally, potential changes in the farming sector could impact local real estate values and community dynamics.
Number of Mortgages by Occupancy Type in Marion County, AR Over the Last 5 Years in Marion County
Marion County, Arkansas, shows a clear dominance of principal residence mortgages over other occupancy types, with significant peaks like the 897 recorded in 2021. Investment properties and second residences trail far behind but still show a steady presence. Understanding these shifts is crucial for investors and builders aiming to gauge demand and potential rental income, as well as for real estate agents and insurance agents who need to assess risk and set appropriate premiums. The notable variation, such as the dip in second residence mortgages to 41 in 2022, might indicate changing lifestyle preferences or economic conditions. For those moving to the area, such data can offer insights into community composition and stability.
Economic Outlook
Marion County, Arkansas has experienced a steady increase in average taxable income per tax return, rising from $35,745.57 in 2013 to $50,524.70 in 2021. Notable growth periods in 2015 and 2021 suggest strong economic performance, which could make it appealing for property developers and investors. However, the average state and local income taxes have also risen, from $4,458.33 in 2012 to $6,950.00 in 2021, reflecting a rising tax burden that current and prospective residents need to consider... Read more
Average Taxable Income per Tax Return in Marion County, AR over the last 9 years
Over the last nine years, Marion County, AR has seen a steady increase in average taxable income per tax return, jumping from $35,745.57 in 2013 to $50,524.70 in 2021. Notable spikes occurred in 2015 and 2021, indicating periods of significant economic growth. This upward trend suggests a robust local economy, attractive for investors and property developers looking for stable, long-term opportunities.
Average State and Local Income Taxes Per Tax Return in Marion County, AR Over the Last 10 Years
Over the last decade in Marion County, AR, the average state and local income taxes per tax return have shown a notable increase. Starting from $4,458.33 in 2012, the amount has risen steadily, reaching $6,950.00 in 2021. This trend signifies rising tax burdens, which is crucial for potential movers and current residents to consider when evaluating the cost of living and financial planning in the area.
Average Total Tax Liability Per Tax Return in Marion County, AR Over the Last 10 Years
Over the past decade in Marion County, Arkansas, the average total tax liability per tax return has shown significant fluctuation, peaking at $6,248.07 in 2021. Although there were dips in 2016 and 2019, the overall trend is upward, indicating a general increase in tax liabilities. For potential investors and residents, this suggests an evolving economic landscape, with taxation rising possibly due to increased income levels or property values. Understanding these trends could be crucial for financial planning and investment decisions in the area.
Cost of Living in Marion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $887 | $1,440 | $1,862 | $966 | $1,009 |
| 1 adult 4 children | $887 | $1,176 | $1,425 | $966 | $1,139 |
| 2 adults 3 children | $887 | $1,176 | $1,616 | $966 | $787 |
| 1 adult 3 children | $887 | $960 | $1,178 | $966 | $840 |
| 2 adults 2 children | $729 | $963 | $1,369 | $839 | $705 |
| 1 adult 2 children | $729 | $719 | $931 | $839 | $653 |
| 2 adults 1 child | $729 | $761 | $1,122 | $426 | $666 |
| 1 adult 1 child | $729 | $492 | $684 | $426 | $573 |
| 2 adults | $554 | $611 | $875 | $0 | $542 |
| 1 adult | $546 | $333 | $438 | $0 | $505 |
Safety trends & Data
Marion County, Arkansas has experienced notable shifts in property crime over the past five years. Burglary rates peaked at 15 incidents in 2019 before dropping, suggesting potential improvements in security or preventive measures. Larceny-theft hit a high of 38 occurrences in 2018 but has seen a general downward trend, perhaps due to better theft deterrents or reporting. Motor vehicle theft and fraud were minimal, with only occasional incidents. Vandalism remained fairly low and stable. These... Read more
Property Crime Trends in Marion County, AR Over the Last 5 Years
Marion County, Arkansas has seen fluctuating trends in property crime over the last five years. Burglary peaked in 2019 with 15 incidents before dropping significantly, suggesting an improvement in security or preventative measures. Larceny-theft numbers remained relatively high throughout, peaking in 2018 at 38 occurrences but showing a downward trend overall, which may indicate better theft deterrents or reporting. Notably, motor vehicle theft and fraud incidents were minimal, with isolated occurrences in 2018. Vandalism oscillated slightly but stayed on the lower end, implying a relatively stable community environment. For investors, developers, and real estate agents, these trends hint at an improving safety landscape, potentially enhancing property values and attractiveness for new residents and businesses.
Demographics
Marion County, Arkansas shows a tiny gender disparity in its adult population with nearly equal numbers of males and females. The educational trends reveal a community primarily dominated by high school graduates, and only a small portion achieving bachelor's or higher degrees. Age-wise, the county skews older, with significant portions of its population aged 55 and above, suggesting a community with potentially higher healthcare and retirement living demands. Demographically, the county is... Read more
Race Distribution in Marion County, Arkansas (2022)
Educational Attainment in Marion County, Arkansas (2022)
Age Distribution in Marion County, Arkansas
Citizen Population in Marion County, Arkansas (2022)
Political Trends & Data
Marion County, Arkansas, exhibited a substantial Republican preference in the 2020 U.S. Presidential Election, with close to 77% of votes likely supporting the GOP. The Democratic party seemingly lagged behind, capturing approximately 20% of the vote. Third-party presence, represented by Libertarian and Green parties, appeared negligible, hinting at limited influence of minor parties in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marion County, Arkansas, showed a notable lean towards the Republican party in the 2020 U.S. Presidential Election, with nearly 77% of votes possibly favoring them. Meanwhile, the Democratic party potentially garnered around 20%, trailing significantly. Minor parties like the Libertarian and Green parties accounted for a very small fraction of the votes, possibly indicating that third-party influence might be quite limited in this area.
77.08% of voters voted for the Republican party in the 2020 Presidential Election
20.41% of voters voted for the Democrat party in the 2020 Presidential Election
0.87% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
1.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Marion County, Arkansas has dropped to an impressive 10 students per teacher in 2023, outpacing the national average of 14. For real estate investors and builders, this educational edge could potentially boost property values and draw in new residents. Meanwhile, appraisers and insurance agents might view this trend as a positive indicator, given that schools with lower ratios often serve as stable community... Read more
Student-to-teacher ratio in Marion County, Arkansas over the last 10 years
Over the past decade, the student-to-teacher ratio in Marion County, Arkansas has generally trended downward, reaching a low of 10 students per teacher in 2023. This is well below the national average of 14 students per teacher. Such a low ratio could suggest more personalized attention for each student, potentially appealing to families prioritizing education quality. For real estate investors and builders, this favorable educational metric could enhance property values and attract new residents. Likewise, appraisers and insurance agents might consider this trend when evaluating local property markets, as schools with lower student-to-teacher ratios are often seen as a stable and valuable community asset.
