Ouachita County Real Estate and Livability Trends
Ouachita County, Arkansas has seen the average taxable income per tax return rise from $42,465.01 in 2013 to $52,637.49 in 2021, reflecting a stronger local economy. Real estate values have surged from $66,400 in 2015 to $96,000 in 2022, making it a potential hotspot for value-driven investment in a budget-friendly market. The student-to-teacher ratio has consistently been around 13, below the... Read more
Ouachita County Market Trends
In Ouachita County, Arkansas, median home values have surged from $66,400 in 2015 to $96,000 in 2022, outperforming the state and national figures in relative growth and presenting a potential hotspot for value-driven investment in a budget-friendly market. Residential energy tax credits peaked at $3,180.00 in 2019 and remained high through 2020 and 2021, likely indicating increased investments... Read more
Median Value of Occupied Housing Units in Ouachita County, Arkansas Over the Last 8 Years
Median home values in Ouachita County, Arkansas, have generally increased from $66,400 in 2015 to $96,000 in 2022. This growth trajectory, especially the sharp rise to $96,000 in 2022, suggests robust local market conditions. In contrast, Arkansas' median home values climbed from $111,400 in 2015 to $162,400 in 2022, while national values rose from $125,500 to $179,400 in the same period. Despite remaining below state and national averages, Ouachita County's appreciation rate could be appealing for investors seeking value growth potential in a more affordable market.
Residential Energy Tax Credit Per Tax Return in Ouachita County, AR Over the Last 8 Years
Over the past eight years, residential energy tax credits per tax return in Ouachita County, Arkansas have shown significant variation, peaking dramatically in 2019 at $3180.00. This spike is notable when contrasted with the relatively modest average values ranging from $262.50 to $400.00 in previous years. The sustained high levels in 2020 and 2021, at $2011.11 and $2650.00 respectively, highlight a growing investment in energy-efficient home improvements. This upward trend presents an appealing opportunity for potential investors and homeowners interested in building or upgrading properties with a focus on sustainability and energy efficiency.
Average Real Estate Taxes Per Tax Return in Ouachita County, AR Over the Last 10 Years
Real estate taxes in Ouachita County, Arkansas have seen a noticeable increase over the past decade, starting at $1,040.00 in 2012 and climbing to a peak of $1,815.38 in 2020, before slightly dipping to $1,796.30 in 2021. This uptrend, especially the significant jump between 2017 ($1,237.90) and 2018 ($1,764.71), might suggest rising property values or changes in tax policies. For potential investors, this could indicate a strengthening property market, while current residents should be aware of the increasing financial obligations related to homeownership.
Percentage of Farm Returns in Ouachita County, AR Over the Last 10 Years
Ouachita County, Arkansas has seen a fairly stable trend in farm tax returns over the last decade, hovering around 2%. Notable dips occurred in 2020, potentially linked to broader economic impacts, but the numbers rebounded slightly in 2021. For those interested in investing or developing property, understanding farm tax returns can be crucial; they reflect not only the vitality of agricultural activity but also broader economic health and local fiscal policies. This consistency suggests a steady agricultural presence that could influence land values and community resources.
Number of Mortgages by Occupancy Type in Ouachita County, AR Over the Last 5 Years in Ouachita County
Over the past five years, the mortgage landscape in Ouachita County, Arkansas, has shown that principal residences consistently constitute the dominant occupancy type, with numbers peaking at 948 in 2021. Mortgages for investment properties and second residences have fluctuated, but remain significantly lower. Shifts in occupancy types may suggest evolving housing preferences or economic conditions, crucial for investors analyzing market dynamics, real estate agents tailoring their services, and appraisers considering property values. Insurance agents might also find this data relevant for risk assessment, while those looking to build or move could gauge community stability and potential shifts in neighborhood compositions.
Economic Outlook
Over the past nine years, Ouachita County, Arkansas has seen the average taxable income per tax return rise from $42,465.01 in 2013 to $52,637.49 in 2021, signaling a robust local economy and improved earning potential. State and local income taxes have also surged, particularly between 2016 and 2019 when they jumped from $5,839.85 to $7,517.14, impacting cost of living considerations. The average total tax liability per tax return has generally increased over the past decade, peaking at... Read more
Average Taxable Income per Tax Return in Ouachita County, AR over the last 9 years
Over the last nine years, Ouachita County, AR has seen a consistent increase in the average taxable income per tax return, rising from $42,465.01 in 2013 to $52,637.49 in 2021. This upward trend highlights the county's growing economic health, making it an attractive prospect for potential investors and new residents. The steady climb indicates improved earning potential and a robust local economy, which is crucial for anyone considering property development or living in the area.
Average State and Local Income Taxes Per Tax Return in Ouachita County, AR Over the Last 10 Years
Over the past decade, Ouachita County, AR has experienced a notable rise in average state and local income taxes per tax return, particularly evident between 2016 and 2019 when taxes surged from $5,839.85 to $7,517.14. This sharp increase may influence cost of living considerations, potentially impacting household budgeting decisions for current and prospective residents.
Average Total Tax Liability Per Tax Return in Ouachita County, AR Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Ouachita County, Arkansas has generally trended upwards, peaking at $6,643.81 in 2021. This steady increase, despite minor fluctuations, indicates a growing financial commitment for residents. For investors or potential homeowners, understanding these escalating tax burdens is essential for fiscal planning and assessing long-term returns on their investments.
Cost of Living in Ouachita County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $964 | $1,327 | $1,862 | $966 | $983 |
| 1 adult 4 children | $964 | $1,084 | $1,425 | $966 | $1,118 |
| 2 adults 3 children | $964 | $1,084 | $1,616 | $966 | $775 |
| 1 adult 3 children | $964 | $885 | $1,178 | $966 | $833 |
| 2 adults 2 children | $720 | $887 | $1,369 | $839 | $669 |
| 1 adult 2 children | $720 | $663 | $931 | $839 | $618 |
| 2 adults 1 child | $720 | $701 | $1,122 | $426 | $638 |
| 1 adult 1 child | $720 | $453 | $684 | $426 | $554 |
| 2 adults | $630 | $563 | $875 | $0 | $550 |
| 1 adult | $624 | $307 | $438 | $0 | $526 |
Safety trends & Data
Over the last four years in Ouachita County, Arkansas, property crime trends have shown interesting fluctuations. Burglaries have notably increased, peaking at 35.0 incidents in 2021 compared to 18.0 in 2018. Larceny-theft remains the highest reported crime, with a moderate rise to 63.0 in 2021 following a small dip in 2020. Vandalism cases also hit a peak of 23.0 in 2021. These shifts could raise concerns for investors, appraisers, and prospective residents, emphasizing the need for strong... Read more
Property Crime Trends in Ouachita County, AR Over the Last 4 Years
Over the last four years in Ouachita County, Arkansas, property crime trends have shown some interesting fluctuations. The incidents of burglary have seen a significant uptick, peaking at 35.0 in 2021 compared to 18.0 in 2018. Larceny-theft consistently remains the highest reported crime, with a moderate increase observed in 2021 at 63.0, following a slight dip in 2020. Vandalism cases are also relatively high, hitting a peak of 23.0 in 2021. These trends suggest potential concerns for investors, appraisers, and those looking to move to the area, highlighting the need for robust property security measures and potentially influencing insurance premiums and real estate decisions.
Demographics
Ouachita County, Arkansas, seems to show a balanced gender distribution with a slightly higher female population. Educational attainment appears diversified, though the majority have a high school diploma or some college education, suggesting room for higher education initiatives. The age spread indicates a significant portion of the population being middle-aged or older, which may imply a need for age-targeted services. Racially, the county is predominantly White and Black or African American,... Read more
Race Distribution in Ouachita County, Arkansas (2022)
Educational Attainment in Ouachita County, Arkansas (2022)
Age Distribution in Ouachita County, Arkansas
Citizen Population in Ouachita County, Arkansas (2022)
Political Trends & Data
In Ouachita County, Arkansas, the 2020 U.S. Presidential Election results imply a noticeable Republican lean, with approximately 55% of the vote going to the Republican Party, compared to about 41% for the Democratic Party. Third-party candidates collectively secured less than 2%, highlighting the county's limited support for alternative political options. This data could provide valuable insights into local political dynamics and voter priorities, which may influence various aspects of... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Ouachita County, Arkansas, the 2020 U.S. Presidential Election results show that the Republican Party seemingly led with approximately 55% of the vote, while the Democratic Party garnered about 41%. The presence of third parties, including the Libertarian and Green parties, appeared minimal, collectively capturing less than 2% of the vote. These figures suggest a relatively strong Republican preference in the county, with potential implications for understanding local political dynamics and voter priorities.
54.98% of voters voted for the Republican party in the 2020 Presidential Election
41.49% of voters voted for the Democrat party in the 2020 Presidential Election
0.82% of voters voted for the Livertarian party in the 2020 Presidential Election
0.61% of voters voted for the Green party in the 2020 Presidential Election
2.10% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Ouachita County, Arkansas, has hovered around 13 students per teacher over the past decade, consistently below the national average of 14. This potentially signals smaller class sizes and more individualized attention for students. For investors and prospective homebuyers, this could mean a more favorable educational environment, which may positively impact property values and the overall desirability of the area. This trend could also affect appraisals and... Read more
Student-to-teacher ratio in Ouachita County, Arkansas over the last 10 years
The student-to-teacher ratio in Ouachita County, Arkansas, has shown a slight fluctuation over the past ten years, generally hovering around 13 students per teacher. This ratio is consistently below the national average of 14, which might suggest smaller class sizes and potentially more individualized attention for students. For investors, real estate agents, and those considering a move to the area, such metrics could indicate a more favorable environment for education, which could affect property values and desirability. This could also influence appraisals and insurance assessments in terms of the quality of local schooling infrastructure.
