Montgomery County Real Estate and Livability Trends
Montgomery County, Arkansas has seen a notable rise in average taxable income per return, with figures climbing from $37,015.19 in 2013 to $47,983.92 in 2021, coupled with a significant spike in state and local income taxes. Median home values have increased from $82,200 in 2015 to $126,200 in 2022, remaining notably lower than state and national averages, suggesting ripe investment... Read more
Montgomery County Market Trends
Montgomery County, Arkansas has experienced notable trends in its real estate market, with median home values rising from $82,200 in 2015 to $126,200 in 2022—significantly lower than both state and national averages. This gap suggests potential investment opportunities in a market that remains more affordable yet shows sustained growth. Residential energy tax credits have seen a substantial... Read more
Median Value of Occupied Housing Units in Montgomery County, Arkansas Over the Last 8 Years
Over the past eight years, Montgomery County, Arkansas, has seen an impressive rise in median home values, increasing from $82,200 in 2015 to $126,200 in 2022. This local trend, while notable, pales in comparison to the broader state and national markets. Statewide in Arkansas, the median value climbed from $111,400 to $162,400, and nationally, from $125,500 to $179,400 over the same period. Montgomery's lower relative value suggests potentially significant investment opportunities for those looking to enter a more affordable market with sustained growth.
Residential Energy Tax Credit Per Tax Return in Montgomery County, AR Over the Last 6 Years
Montgomery County, Arkansas has seen a dramatic increase in the average residential energy tax credit per tax return, especially noticeable with a skyrocketing jump from $650.00 in 2020 to $3150.00 in 2021. This trend could signify burgeoning interest and investment in energy-efficient upgrades and renewable energy solutions among homeowners. The notable rise in the tax credit also suggests that the county is likely incentivizing sustainable practices, making it an appealing prospect for eco-conscious investors and residents.
Average Real Estate Taxes Per Tax Return in Montgomery County, AR Over the Last 10 Years
Montgomery County, Arkansas has seen notable fluctuations in average real estate taxes over the past decade. Starting at $1,333.33 in 2012, taxes dipped to $1,200.00 in 2013 before gradually climbing, with a peak of $2,316.67 in 2020. The most recent data for 2021 shows a slight decrease to $2,000.00. This variability provides cues for potential investors or residents about the financial landscape, indicating periods of both increased and decreased tax burdens, which could influence financial planning related to property investments.
Percentage of Farm Returns in Montgomery County, AR Over the Last 10 Years
In Montgomery County, Arkansas, the percentage of farm tax returns has shown slight fluctuations over the past decade, generally hovering around 10%. The highest point was in 2015 at approximately 10.90%, while the lowest was in 2020 at about 8.86%. These figures suggest a modest decline in farm-related income filings, which could point towards either a consolidation of farming operations or changing economic conditions impacting local agriculture. For potential investors or those interested in moving to the area, understanding these trends can provide insights into the economic health and viability of the agricultural sector in Montgomery County.
Number of Mortgages by Occupancy Type in Montgomery County, AR Over the Last 5 Years in Montgomery County
Over the past five years, Montgomery County, Arkansas has seen fluctuations in mortgage activity across different occupancy types. Principal residences consistently dominate the scene, peaking in 2020 with 355 mortgages but experiencing a decline to 263 in 2022. Investment properties show a modest yet steady presence, with a slight increase from 33 mortgages in 2018 to 40 mortgages in subsequent years. Second residences have exhibited variability, ranging from 46 to 72 mortgages, indicating a certain level of volatility. For investors and developers, understanding these trends is crucial to gauge market demand and risk. Real estate agents and appraisers can use these insights to advise clients on pricing and investment strategies, while insurance agents might adjust coverage options based on the shifting dynamics of property types. Changing occupancy types can also reflect economic conditions, affecting community development and local policy-making.
Economic Outlook
Montgomery County, Arkansas has seen a notable rise in average taxable income per tax return, climbing from $37,015.19 in 2013 to $47,983.92 in 2021. Simultaneously, state and local income taxes have escalated, with a sharp jump from $4,377.78 in 2013 to $10,385.71 in 2021, suggesting economic shifts or policy changes. The average total tax liability has also increased from $4,458.82 in 2012 to $6,070.50 in 2021, hinting at economic growth and potential enhancements in local infrastructure.... Read more
Average Taxable Income per Tax Return in Montgomery County, AR over the last 9 years
Over the past nine years, Montgomery County, AR, has seen a notable upward trend in average taxable income per tax return. Starting at $37,015.19 in 2013, there's been a consistent increase, reaching $47,983.92 by 2021. This growth matters for potential investors, homebuyers, and developers, indicating an increasingly affluent population with more disposable income. For residents, it's a positive sign of economic health and stability.
Average State and Local Income Taxes Per Tax Return in Montgomery County, AR Over the Last 10 Years
Over the past decade in Montgomery County, AR, state and local income taxes per tax return have shown significant fluctuations, with a marked upward trend. The taxes saw a sharp increase from $4,377.78 in 2013 to $10,385.71 in 2021. Notably, there was a dramatic spike in 2018 to $8,557.14, indicating potential policy changes or economic shifts impacting residents' financial obligations. These changes are crucial for prospective residents and current inhabitants to consider when evaluating living costs in Montgomery County.
Average Total Tax Liability Per Tax Return in Montgomery County, AR Over the Last 10 Years
Over the past decade in Montgomery County, Arkansas, the average total tax liability per tax return has shown a notable upward trend, rising from $4,458.82 in 2012 to $6,070.50 in 2021. This increase is significant for potential investors and new residents as it reflects economic growth and possible improvements in local infrastructure and services. Property developers may find these trends indicative of a burgeoning market with increasing property values, making the area ripe for new development projects.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $993 | $1,424 | $1,862 | $966 | $1,078 |
| 1 adult 4 children | $993 | $1,163 | $1,425 | $966 | $1,222 |
| 2 adults 3 children | $993 | $1,163 | $1,616 | $966 | $840 |
| 1 adult 3 children | $993 | $949 | $1,178 | $966 | $926 |
| 2 adults 2 children | $720 | $952 | $1,369 | $839 | $715 |
| 1 adult 2 children | $720 | $711 | $931 | $839 | $668 |
| 2 adults 1 child | $720 | $752 | $1,122 | $426 | $676 |
| 1 adult 1 child | $720 | $486 | $684 | $426 | $584 |
| 2 adults | $637 | $604 | $875 | $0 | $603 |
| 1 adult | $539 | $330 | $438 | $0 | $515 |
Demographics
Montgomery County, Arkansas reveals a nearly even split composition of gender, with males and females closely balanced. High school graduates represent the largest chunk of the adult population's educational attainment, but a notable portion of individuals have some college education without a degree. The age distribution indicates a substantial number of residents are approaching retirement age, which might hint at shifting social services needs. The racial composition is predominantly White,... Read more
Race Distribution in Montgomery County, Arkansas (2022)
Educational Attainment in Montgomery County, Arkansas (2022)
Age Distribution in Montgomery County, Arkansas
Citizen Population in Montgomery County, Arkansas (2022)
Political Trends & Data
Montgomery County, Arkansas exhibited a strong Republican preference during the 2020 U.S. Presidential Election, with potentially 79% of the vote favoring the GOP. About 19% may have supported Democrats, indicating a significant lean towards Republican candidates, which aligns with the trends seen in many rural sectors of conservative states. This political landscape could influence property values and community developments, often correlating with the policies that favor homeownership and land... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Montgomery County, Arkansas, predominantly leaned Republican in the 2020 U.S. Presidential Election, with nearly 79% of the vote possibly supporting the GOP. Democrats might have garnered around 19%, while Libertarians and other parties collectively captured a small fraction. This skews heavily Republican, reflecting broader trends in rural areas within traditionally conservative states.
78.65% of voters voted for the Republican party in the 2020 Presidential Election
18.87% of voters voted for the Democrat party in the 2020 Presidential Election
0.67% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
1.63% of voters voted for the Other party in the 2020 Presidential Election
School Data
Montgomery County, Arkansas, has kept a student-to-teacher ratio below the national average over the past decade, averaging between 9 and 11 students per teacher since 2019. This likely means more personalized attention for students, which could make the area more attractive to families and potentially boost local property values. For real estate agents and investors, this suggests a stable and desirable education environment, while insurance agents and appraisers might see this as indicative... Read more
Student-to-teacher ratio in Montgomery County, Arkansas over the last 10 years
Montgomery County, Arkansas, has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher over the past decade. Starting at nearly 11 students per teacher in 2014, the ratio has remained around 9 to 11 students per teacher from 2019 onwards. This lower ratio could imply more personalized attention for students, which might appeal to families considering relocation and could potentially boost local property values. For real estate agents and investors, it signals a stable and appealing education environment. For insurance agents and appraisers, the trend underscores the potential for a tight-knit community with robust educational support, factors that could influence property insurance evaluations and market appraisals.
