Mississippi County Real Estate and Livability Trends
Mississippi County, Arkansas has seen its average taxable income per tax return rise to $52,953.46 in 2021, reflecting potential economic robustness that could attract investors. Housing prices have increased to $110,000 in 2022, yet the area remains more affordable compared to broader averages. Real estate taxes peaked at $1,710.91 in 2020, hinting at higher property values. The county's... Read more
Mississippi County Market Trends
Housing prices in Mississippi County, Arkansas have climbed from $79,600 in 2015 to $110,000 in 2022, yet the county still offers more affordability compared to state and national averages. The average residential energy tax credit soared from $263.33 in 2013 to $1,194.44 in 2021, indicating strong adoption of energy-efficient technologies. Real estate taxes saw a significant rise, peaking at... Read more
Median Value of Occupied Housing Units in Mississippi County, Arkansas Over the Last 8 Years
Housing prices in Mississippi County, Arkansas have seen a consistent upward trend over the last eight years, with median home values rising from $79,600 in 2015 to $110,000 in 2022. Despite this growth, Mississippi County remains more affordable compared to both state and national figures, with Arkansas seeing an increase from $111,400 to $162,400 and the national average moving from $125,500 to $179,400 in the same period. This positions Mississippi County as a potentially attractive area for investors or homebuyers looking for lower property prices amidst the broader market increases.
Residential Energy Tax Credit Per Tax Return in Mississippi County, AR Over the Last 9 Years
Over the past nine years, Mississippi County, Arkansas has seen a significant increase in the average residential energy tax credit claimed per tax return, starting at $263.33 in 2013 and peaking at $1,194.44 in 2021. This trend highlights a robust adoption of energy-efficient technologies and improvements among residents, making the county an attractive area for green investments and property development with a focus on sustainability. For those considering a move, this indicates a community increasingly committed to energy efficiency, potentially lowering future energy costs.
Average Real Estate Taxes Per Tax Return in Mississippi County, AR Over the Last 10 Years
Mississippi County, Arkansas has seen a notable rise in average real estate taxes per tax return over the past decade, peaking in 2020 at $1,710.91. This upward trend, with a significant jump between 2017 and 2018, suggests increasing property values and possibly higher local government spending or investments in the area. For investors and those looking to move to Mississippi County, it may indicate a growing demand and potential for property appreciation, though it also means budget planning for higher recurrent tax expenses.
Percentage of Farm Returns in Mississippi County, AR Over the Last 10 Years
Farm tax returns in Mississippi County, Arkansas have shown a slight but noticeable decline over the last decade, hovering around 1.5% initially and dropping to about 1.3% by 2021. These returns are filings done by farmers to report income, expenses, and other financial details associated with agricultural activities, which can influence both local economy insights and agricultural policies. Understanding these trends could be particularly useful for potential investors, developers, or new residents since they may indicate shifts in the agricultural sector's vitality and economic health in the region.
Number of Mortgages by Occupancy Type in Mississippi County, AR Over the Last 5 Years in Mississippi County
The data on mortgage counts in Mississippi County, Arkansas, shows notable stability over the past five years for principal residences, with a slight uptick in 2021. However, investment properties have seen a modest decline, while second residences have remained consistently low. This stability in principal residence mortgages may signal a steady demand for long-term homeownership, likely appealing to market entrants or long-term investors. The muted activity in investment and second properties might suggest limited speculative investment opportunities, potentially influencing appraisers and insurance agents who look for market volatility or growth. Being aware of these trends can help real estate agents tailor their sales strategies and property developers identify suitable projects in the area.
Economic Outlook
Mississippi County, Arkansas has seen its average taxable income per tax return rise from $40,888.06 in 2013 to $52,953.46 in 2021, highlighting a growing economic robustness that could appeal to investors and new residents. The county's state and local income taxes have generally increased, peaking at $8,837.31 in 2021, despite some dips in 2015 and 2016. Additionally, total tax liability per tax return jumped to $7,826.92 in 2021, after years of relative stability, indicating possible... Read more
Average Taxable Income per Tax Return in Mississippi County, AR over the last 9 years
Mississippi County, AR has experienced a steady increase in average taxable income per tax return over the past nine years, climbing from $40,888.06 in 2013 to $52,953.46 in 2021. This upward trend indicates a growing economic robustness in the area, making it an attractive option for investors, property developers, and potential new residents seeking stable financial growth.
Average State and Local Income Taxes Per Tax Return in Mississippi County, AR Over the Last 10 Years
Over the last decade in Mississippi County, AR, average state and local income taxes per tax return have shown a general upward trend, peaking significantly at $8,837.31 in 2021. Despite noticeable dips in 2015 and 2016 to as low as $5,502.13, the overall progression suggests a rising fiscal obligation, which is an important consideration for current residents and those contemplating a move to this area, reflecting on the evolving tax landscape.
Average Total Tax Liability Per Tax Return in Mississippi County, AR Over the Last 10 Years
Examining the tax liability trends in Mississippi County, Arkansas over the past decade reveals a general upward trajectory, especially spiking significantly in 2021 to $7,826.92 from a relatively stable range of around $6,348.80 to $6,774.93 in previous years. This sudden increase may reflect recent economic changes or policy shifts impacting residents' tax burdens, signaling potential adjustments for future investments or cost of living considerations.
Cost of Living in Mississippi County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $964 | $1,267 | $1,862 | $966 | $922 |
| 1 adult 4 children | $964 | $1,035 | $1,425 | $966 | $1,037 |
| 2 adults 3 children | $964 | $1,035 | $1,616 | $966 | $733 |
| 1 adult 3 children | $964 | $845 | $1,178 | $966 | $778 |
| 2 adults 2 children | $720 | $847 | $1,369 | $839 | $632 |
| 1 adult 2 children | $720 | $633 | $931 | $839 | $582 |
| 2 adults 1 child | $720 | $670 | $1,122 | $426 | $607 |
| 1 adult 1 child | $720 | $432 | $684 | $426 | $526 |
| 2 adults | $568 | $538 | $875 | $0 | $507 |
| 1 adult | $532 | $293 | $438 | $0 | $474 |
Safety trends & Data
In Mississippi County, Arkansas, property crime rates have generally decreased over the past five years, with burglaries dropping from 32.00 in 2018 to 17.00 in 2022 and larceny-theft cases decreasing from 264.00 to 104.00. This declining trend in property-related crimes, coupled with fluctuating but low rates of arson and motor vehicle theft, could make the area more appealing to potential investors and homebuyers. The sharp reduction in fraudulent activities adds another layer of... Read more
Property Crime Trends in Mississippi County, AR Over the Last 5 Years
Property crime trends in Mississippi County, Arkansas, likely indicate notable shifts over the last five years. Burglary and larceny-theft have exhibited a declining trajectory, with burglaries dropping from 32.0 in 2018 to 17.0 in 2022 and larceny-theft from 264.0 to 104.0 in the same period. Instances of arson and motor vehicle theft appear comparatively low but show fluctuating patterns. Fraudulent activities have also seen a sharp decline, making the area potentially more attractive for investors and homebuyers seeking lower crime rates. For real estate agents and property developers, this data could help in positioning properties more favorably in the market.
Demographics
In Mississippi County, Arkansas, there's a balanced gender ratio with a slight lean toward females. The educational attainment shows many residents stopping at high school or some college, with a smaller percentage achieving higher degrees. The age distribution indicates a significant portion of the population is under 35, hinting at a youthful demographic. Racially, the county is predominantly White and Black or African American, with very minimal representation from other races. These trends... Read more
Race Distribution in Mississippi County, Arkansas (2022)
Educational Attainment in Mississippi County, Arkansas (2022)
Age Distribution in Mississippi County, Arkansas
Citizen Population in Mississippi County, Arkansas (2022)
Political Trends & Data
Mississippi County, Arkansas shows a strong conservative leaning, with about 59% of the 2020 U.S. Presidential Election votes going to the Republican candidate. The Democratic candidate received around 37%, while minor parties like Libertarian and Green barely made a dent, securing less than 2% combined. This trend suggests that political factors in the area could be influencing local real estate decisions and market dynamics, given the community's overall conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mississippi County, Arkansas, the 2020 U.S. Presidential Election results indicate a strong preference for the Republican candidate, who received approximately 59% of the vote. The Democratic candidate garnered about 37%, while minor party candidates, including Libertarian and Green, received less than 2% collectively. This voting pattern could suggest a predominantly conservative leaning in the county, with third parties capturing minimal attention.
59.12% of voters voted for the Republican party in the 2020 Presidential Election
36.93% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
2.79% of voters voted for the Other party in the 2020 Presidential Election
School Data
Mississippi County, Arkansas has maintained a lower student-to-teacher ratio than the national average, fluctuating between just under 12 and 12.55 students per teacher from 2017 to 2023. This trend might signal more individualized attention for students, potentially appealing to families and making the area more attractive for homebuyers. Real estate agents can leverage this as a selling point, while investors and developers might view it as a sign of a stable and supportive community.... Read more
Student-to-teacher ratio in Mississippi County, Arkansas over the last 10 years
Over the last decade, the student-to-teacher ratio in Mississippi County, Arkansas has generally stayed below the national average of 14 students per teacher. The ratio has fluctuated slightly, with a low of just under 12 students per teacher in 2017 and peaking at 12.55 students per teacher in 2023. This lower ratio could imply more individualized attention for students and potentially higher educational outcomes, which might be appealing to families considering a move. For real estate agents, lower ratios may be a selling point, while investors and developers might view this as an indicator of a stable and supportive community. Appraisers and insurance agents could also consider these trends in their assessments, as they may reflect on the overall desirability and value of properties in the area.
