Nevada County Real Estate and Livability Trends
In Nevada County, Arkansas, the average taxable income per tax return increased to $45,611.73 in 2021, revealing economic resilience and growth potential post-2020. Median home values remain strikingly affordable at $85,100 in 2022, with energy-efficient home upgrades becoming a notable trend. The county’s low student-to-teacher ratios suggest a focus on individualized education, while... Read more
Nevada County Market Trends
Median home values in Nevada County, Arkansas have consistently been much lower than both state and national averages, recorded at $85,100 in 2022. This significant affordability may present untapped investment opportunities. The county saw a dramatic surge in residential energy tax credits, peaking at $2,950.00 in 2020, which suggests increasing investments in energy-efficient upgrades. Though... Read more
Median Value of Occupied Housing Units in Nevada County, Arkansas Over the Last 8 Years
Throughout the past eight years, median home values in Nevada County, Arkansas generally hovered significantly below both the state and national averages, with the latest figure in 2022 coming in at $85,100. Comparatively, Arkansas statewide values reached $162,400, while the national figure hit $179,400 for the same year. This notable discrepancy may suggest more affordable housing options in Nevada County and could potentially indicate untapped investment opportunities for those looking to capitalize on a less saturated market.
Residential Energy Tax Credit Per Tax Return in Nevada County, AR Over the Last 6 Years
Over the past six years, Nevada County, Arkansas has seen a fluctuating trend in the average residential energy tax credit per tax return. While credits hovered around $250.00 to $266.67 from 2013 to 2016, there was a dramatic surge to $2,950.00 in 2020, then a slight decrease to $1,650.00 in 2021. This leap indicates a significant investment in energy-efficient upgrades by homeowners recently, suggesting potential for growth in green technology and sustainable living in the area.
Average Real Estate Taxes Per Tax Return in Nevada County, AR Over the Last 10 Years
Average real estate taxes per tax return in Nevada County, Arkansas have shown significant fluctuation over the past decade. Starting at $891.18 in 2012, the taxes peaked at $1,560.00 in 2019 before slightly decreasing to $1,220.00 in 2021. This trend suggests a generally increasing tax burden, which could impact decisions related to property investment, home purchasing, or development plans in the area.
Percentage of Farm Returns in Nevada County, AR Over the Last 10 Years
Over the last decade, Nevada County in Arkansas has seen the percentage of farm tax returns hover between roughly 8.53% and 9.64%. With a slight uptick in 2016 peaking at 9.64%, trends show variability but generally stable figures around the 9% mark. This volatility yet stability signals a persistent, albeit fluctuating, reliance on agriculture in local incomes. For investors, property builders, or those considering a move, understanding these trends could be pivotal; farm tax returns illustrate the county's dependence on agricultural productivity, impacting land use, economy, and possibly future property values.
Number of Mortgages by Occupancy Type in Nevada County, AR Over the Last 5 Years in Nevada County
In Nevada County, Arkansas, the number of mortgages on principal residences has shown notable dominance over the past five years, with substantial increases, peaking at 265 in 2020 and maintaining relatively high numbers through 2022. Investment properties saw a smaller, yet steady uptick from 10 in 2018 to 19 in 2020, indicating a growing interest in real estate investment. Mortgages for second residences remained minimal, suggesting limited secondary home purchases. These shifts in occupancy type can imply varying levels of market stability and investment potential. For investors, the rise in principal residence mortgages might signal heightened demand for family homes, while appraisers and insurance agents can use these insights to anticipate market trends and associated risks. Real estate agents could leverage the growing interest in investment properties to target investors more effectively.
Economic Outlook
In Nevada County, Arkansas, the average taxable income per tax return hit $45,611.73 in 2021, reflecting a steady increase over the past nine years. This trend hints at a growing local economy, with a striking jump between 2020 and 2021, suggesting resilience and growth potential. State and local income taxes have seen variability, peaking at $6,400.00 in 2019, which may affect financial planning and housing decisions. Fluctuations in total tax liability, with peaks in 2015 and 2021, further... Read more
Average Taxable Income per Tax Return in Nevada County, AR over the last 9 years
Nevada County, AR has seen a steady increase in average taxable income per tax return over the past nine years, peaking at $45,611.73 in 2021. This upward trend suggests a growing local economy, making it an enticing prospect for investors and new residents. Noteworthy is the significant jump between 2020 and 2021, indicating robust economic resilience and potential for future growth.
Average State and Local Income Taxes Per Tax Return in Nevada County, AR Over the Last 10 Years
Over the past decade, Nevada County, AR has experienced a notable fluctuation in state and local income taxes per tax return, with values ranging from $4,100.00 in 2012 to a peak of $6,400.00 in 2019. This variability can impact financial planning for current and prospective residents, influencing decisions on housing and budgeting with higher taxes likely correlating with increased public services or changes in local fiscal policies. Notable peaks in 2016, 2018, and 2019 suggest periods of increased fiscal pressures or economic shifts in the county.
Average Total Tax Liability Per Tax Return in Nevada County, AR Over the Last 10 Years
Nevada County, Arkansas has seen fluctuations in average total tax liability per tax return over the past decade, with notable peaks in 2015 and 2021, reaching $5,308.30 and $5,291.74 respectively. While the general trend shows an increase, there were periods like 2016 and 2019 where the liability dropped to $4,762.33 and $4,306.94. This volatility may influence decisions for those considering financial investments or real estate in the area, highlighting a varying tax environment that could impact long-term financial planning.
Cost of Living in Nevada County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,002 | $1,275 | $1,862 | $966 | $985 |
| 1 adult 4 children | $1,002 | $1,041 | $1,425 | $966 | $1,127 |
| 2 adults 3 children | $1,002 | $1,041 | $1,616 | $966 | $780 |
| 1 adult 3 children | $1,002 | $850 | $1,178 | $966 | $843 |
| 2 adults 2 children | $823 | $853 | $1,369 | $839 | $700 |
| 1 adult 2 children | $823 | $637 | $931 | $839 | $661 |
| 2 adults 1 child | $823 | $674 | $1,122 | $426 | $670 |
| 1 adult 1 child | $823 | $435 | $684 | $426 | $590 |
| 2 adults | $625 | $541 | $875 | $0 | $545 |
| 1 adult | $616 | $295 | $438 | $0 | $521 |
Safety trends & Data
Nevada County, Arkansas has seen fluctuating property crime rates over the past five years. Burglary cases increased from 1.0 in 2019 to 4.0 in 2021, while Motor Vehicle Theft has slightly risen, hovering around 3.0 cases since 2021. Larceny - Theft peaked at 6.0 cases in 2019 but trended lower in the following years. Meanwhile, Vandalism has remained steady, with 1.0 to 2.0 cases annually. These trends might influence property values, insurance premiums, and overall desirability for real... Read more
Property Crime Trends in Nevada County, AR Over the Last 5 Years
Nevada County, Arkansas has experienced a noticeable fluctuation in property crimes over the past five years. Burglary incidents have shown a gradual increase from 1.0 case in 2019 to 4.0 cases in 2021, while Larceny - Theft peaked at 6.0 cases in 2019 before seeing lower counts in subsequent years. Motor Vehicle Theft has had slightly increasing incidents with 2.0 cases in 2019 and maintaining around 3.0 cases from 2021 to 2022. Vandalism has remained relatively consistent with 1.0 to 2.0 cases per year. For those looking to invest, move to, or work in real estate within the county, these crime trends could impact property values, insurance premiums, and overall desirability of the area.
Demographics
Nevada County, Arkansas displays some intriguing demographic trends. There's a slight gender imbalance with a marginally higher female population. The education breakdown reveals a significant portion, around 37%, have just a high school diploma, while advanced degree holders are relatively fewer. The age distribution suggests a fairly even spread, though there's a noticeable peak in the 55 to 64 age range. Racially, the county has a predominantly White population, comprising roughly 65%, while... Read more
Race Distribution in Nevada County, Arkansas (2022)
Educational Attainment in Nevada County, Arkansas (2022)
Age Distribution in Nevada County, Arkansas
Citizen Population in Nevada County, Arkansas (2022)
Political Trends & Data
Nevada County, Arkansas shows a significant leaning towards the Republican Party, with about 64% of the vote possibly going their way. The Democratic Party might attract around 32%, while third parties like the Libertarian and Green parties could gather less than 2% each. Smaller parties and independents might draw in approximately 3-4% of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Nevada County, Arkansas might be leaning significantly toward the Republican Party, with roughly 64% of the vote potentially going to GOP candidates. On the other hand, the Democratic Party could be getting about 32% of the vote. Third parties, such as the Libertarian and Green parties, appear to have minimal impact, each possibly garnering less than 1% to around 2% of the vote. Smaller parties and independents could collectively attract around 3-4% of the electorate.
63.52% of voters voted for the Republican party in the 2020 Presidential Election
32.04% of voters voted for the Democrat party in the 2020 Presidential Election
0.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.77% of voters voted for the Green party in the 2020 Presidential Election
3.42% of voters voted for the Other party in the 2020 Presidential Election
School Data
Nevada County, Arkansas, has maintained student-to-teacher ratios generally below the national average, fluctuating between ten and twelve students per teacher over the past decade. This low ratio suggests potential for more individualized attention, possibly attracting families seeking quality education. Investors and real estate agents might interpret this as a steady demand for housing in the area, while insurers and appraisers could see it as a positive indicator for property values and... Read more
Student-to-teacher ratio in Nevada County, Arkansas over the last 10 years
Nevada County, Arkansas, has seen fluctuating student-to-teacher ratios over the past decade, generally staying well below the national average of fourteen students per teacher. In 2015, the ratio peaked at twelve, but it has otherwise hovered around ten to eleven students per teacher. This relatively low ratio suggests the potential for more individualized attention and support for students, which could be a draw for families prioritizing personalized education. For investors, real estate agents, and builders, this trend could indicate a steady demand for housing from families seeking quality education environments. Additionally, insurers and appraisers may find these figures useful when assessing property values and community investment potential.
