Monroe County Real Estate and Livability Trends
Monroe County, Arkansas has witnessed a rise in median home values from $55,000 in 2015 to $84,600 in 2022, presenting a more affordable market compared to state and national averages, potentially attracting investors. The increase in average residential energy tax credits, peaking at $833.33 in 2021, indicates strong energy efficiency efforts, promising savings for homeowners. Property crimes... Read more
Monroe County Market Trends
Monroe County, Arkansas has seen its median home value rise from $55,000 in 2015 to $84,600 in 2022, making it more affordable compared to the state and national averages, which suggests it could be an attractive investment. The growing average residential energy tax credit, peaking at $833.33 in 2021, reflects increased energy efficiency initiatives, providing potential savings for homeowners.... Read more
Median Value of Occupied Housing Units in Monroe County, Arkansas Over the Last 8 Years
The median home value in Monroe County, Arkansas has experienced a significant upward trend over the last eight years, climbing from $55,000 in 2015 to $84,600 in 2022. This increase, though moderate compared to national and state averages, indicates a growing interest in the area. Contrasting these figures with Arkansas' median value, which rose from $111,400 in 2015 to $162,400 in 2022, Monroe County still presents a more affordable option for potential buyers. Nationally, median home values also escalated significantly from $125,500 in 2015 to $179,400 in 2022. Investors and homebuyers might find Monroe County attractive for its relatively lower entry point and evident upward trajectory.
Residential Energy Tax Credit Per Tax Return in Monroe County, AR Over the Last 7 Years
Over the last seven years, Monroe County, Arkansas has seen a notable increase in the average residential energy tax credit per tax return. Starting at $300.00 in 2013, the credit consistently rose, peaking at $833.33 in 2021. This upward trend highlights a growing commitment to energy efficiency and presents potential savings opportunities for homeowners and investors. The significant jump between 2015 and 2016 and the consistent rise thereafter indicate favorable policy changes and increased adoption of energy-efficient practices in the region.
Average Real Estate Taxes Per Tax Return in Monroe County, AR Over the Last 10 Years
Over the past decade, real estate taxes in Monroe County, Arkansas have shown a noticeable upward trend, with values fluctuating but generally increasing. Starting at approximately $862.96 in 2012, the average taxes took a notable jump to $1003.85 in 2013, hitting their peak at $1325.00 in 2019 before stabilizing around $1250.00 in 2020 and $1300.00 in 2021. This upward movement suggests a growing valuation in property or a potential hike in tax rates, possibly making it more expensive for new buyers but also indicating a potentially appreciating market for investors and property developers.
Percentage of Farm Returns in Monroe County, AR Over the Last 10 Years
Monroe County, Arkansas has seen a gradual decline in the percentage of farm tax returns over the past decade, dipping from 4.35% in 2012 to approximately 3.25% in 2021. Farm tax returns serve as a historical record for agricultural profitability and investment, reflecting the economic health of the local farming community. This declining trend might indicate changing economic conditions, which could influence decisions for prospective investors, property developers, and residents considering the agricultural viability and broader economic landscape of Monroe County.
Number of Mortgages by Occupancy Type in Monroe County, AR Over the Last 5 Years in Monroe County
Monroe County, Arkansas is seeing consistent demand for principal residences over the last five years, with a steady if modest number of investment properties and second residences. The stability in mortgages for principal residences suggests a reliable community for those considering moving to, with potential for stable property values. Meanwhile, the limited but steady interest in investment properties and second homes could indicate a niche market for investors and appraisers to explore, perhaps driven by local economic conditions or amenities. For insurance agents and real estate professionals, understanding these trends could help tailor services to meet the specific demands of this locale's evolving market dynamics.
Economic Outlook
Monroe County, Arkansas has seen a notable increase in average taxable income, from $37,864.13 in 2013 to $41,097.83 in 2021, hinting at a growing economic stability that might attract investors and residents. While state and local income taxes have varied, peaking at $6,100.00 in 2020 and dipping to $4,910.34 in 2017, these shifts suggest a dynamic economic environment. Additionally, the fluctuations in total tax liability, with highs of $5,906.03 in 2013 and lows of $5,001.10 in 2019,... Read more
Average Taxable Income per Tax Return in Monroe County, AR over the last 9 years
Monroe County, AR has experienced fluctuations in average taxable income over the past nine years, with a noticeable overall increase from $37,864.13 in 2013 to $41,097.83 in 2021. This growth trend, peaking in 2021, signals a potential uptick in economic stability and could attract investors and residents looking for a region with improving financial health. Despite some years of decline, the general upward trajectory in recent years suggests a promising environment for property development and economic opportunities.
Average State and Local Income Taxes Per Tax Return in Monroe County, AR Over the Last 10 Years
Monroe County, AR has experienced fluctuations in average state and local income taxes per tax return over the past decade, peaking in 2020 at $6,100.00 and seeing a significant low in 2017 at $4,910.34. The changes suggest a dynamic economic environment that potential residents and current inhabitants should consider when planning their finances. These variations can impact cost of living and financial planning for those in or considering moving to the county.
Average Total Tax Liability Per Tax Return in Monroe County, AR Over the Last 10 Years
Over the past decade, Monroe County, Arkansas has seen fluctuations in average total tax liability per tax return, peaking at $5,906.03 in 2013 and dropping to a low of $5,001.10 in 2019. This variability in tax liability suggests changes in income levels or economic conditions, impacting financial planning or investment decisions. If you're considering investing or moving here, understanding these trends can provide insight into the area's economic stability and the potential tax implications for property development or residence.
Cost of Living in Monroe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $945 | $1,214 | $1,862 | $966 | $921 |
| 1 adult 4 children | $945 | $992 | $1,425 | $966 | $1,042 |
| 2 adults 3 children | $945 | $992 | $1,616 | $966 | $733 |
| 1 adult 3 children | $945 | $810 | $1,178 | $966 | $783 |
| 2 adults 2 children | $720 | $812 | $1,369 | $839 | $641 |
| 1 adult 2 children | $720 | $607 | $931 | $839 | $593 |
| 2 adults 1 child | $720 | $642 | $1,122 | $426 | $615 |
| 1 adult 1 child | $720 | $415 | $684 | $426 | $536 |
| 2 adults | $547 | $516 | $875 | $0 | $506 |
| 1 adult | $481 | $281 | $438 | $0 | $462 |
Safety trends & Data
Monroe County, Arkansas has experienced a significant decline in property crimes over the past five years, with burglaries decreasing from 6.00 cases in 2018 to 2.00 in 2022. Larceny-theft also saw a sharp drop from 14.00 cases in 2018 to 2.00 in 2021, before slightly rising to 5.00 in 2022. Vandalism numbers remained mostly stable but spiked to 7.00 incidents in 2021. While motor vehicle theft and fraud have shown sporadic fluctuations, these reductions in property crimes might appeal to... Read more
Property Crime Trends in Monroe County, AR Over the Last 5 Years
Monroe County, Arkansas has seen a noticeable decline in property crimes over the last five years. Burglaries began at 6.00 cases in 2018 and reduced steadily to 2.00 by 2022. Larceny-theft peaked at 14.00 in 2018 but dramatically dropped to 2.00 by 2021, slightly rising to 5.00 in 2022. Vandalism remained relatively stable but saw a spike in 2021 with 7.00 incidents. There has been sporadic but general fluctuation in motor vehicle theft and fraud cases, showing no consistent upward or downward trends. This reduction in property crimes is encouraging for potential investors, real estate developers, and new residents considering the area.
Demographics
Male and female populations in Monroe County, Arkansas, are relatively balanced. Around half of the adult population doesn't have more than a high school diploma, with a noticeable drop in higher education attainment. The age distribution shows a more substantial elderly population, suggesting potential implications for healthcare and social services. Racially, the county's demographic is predominantly White, followed closely by Black or African American residents, with very few individuals... Read more
Race Distribution in Monroe County, Arkansas (2022)
Educational Attainment in Monroe County, Arkansas (2022)
Age Distribution in Monroe County, Arkansas
Citizen Population in Monroe County, Arkansas (2022)
Political Trends & Data
Home prices in Monroe County, Arkansas have remained relatively stable despite a predominantly Republican voter base. The area's real estate market tends to attract buyers seeking affordable housing options, with prices generally hovering around $115,000 to $145,000. Although the county's political landscape leans conservative, the presence of minor parties hints at a nuanced community, which could impact future development and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Monroe County, Arkansas, saw a Republican-leaning outcome in the 2020 U.S. Presidential Election, with nearly 55% of the vote. Democrats followed with just over 40%, while minor parties like the Green Party and Libertarians received modest shares. These results suggest that Monroe may be a predominantly conservative area, although the presence of votes for smaller parties indicates some diversity in political thought.
54.87% of voters voted for the Republican party in the 2020 Presidential Election
40.73% of voters voted for the Democrat party in the 2020 Presidential Election
0.43% of voters voted for the Livertarian party in the 2020 Presidential Election
1.17% of voters voted for the Green party in the 2020 Presidential Election
2.81% of voters voted for the Other party in the 2020 Presidential Election
School Data
Monroe County, Arkansas has consistently maintained a favorable student-to-teacher ratio, fluctuating between 9 and 11 students per teacher, compared to the national average of 14. This suggests more personalized attention for students, which may attract families focused on education, potentially influencing property values and market desirability. Real estate agents and investors might find this trend could positively affect demand, particularly among buyers with school-age children.... Read more
Student-to-teacher ratio in Monroe County, Arkansas over the last 10 years
Over the past decade, Monroe County, Arkansas has generally maintained a student-to-teacher ratio below the national average of 14 students per teacher. The ratio fluctuated between roughly 9 and 11 students per teacher, reaching a low of nearly 9 in recent years. Lower ratios could imply more personalized attention for students, potentially attracting families prioritizing education. For real estate agents and investors, this trend may affect property values and desirability, particularly for homebuyers with school-age children. For educators and school administrators, these figures may guide resource allocation and staffing decisions. Insurance agents and appraisers might also consider these stats as indicators of neighborhood stability and community investment.
