Perry County Real Estate and Livability Trends
Perry County, Arkansas has seen a notable rise in average taxable income per tax return over the past nine years, climbing from $42,613.79 in 2013 to $51,449.50 in 2021, potentially boosting investor and resident interest. Median home values have steadily increased, reaching $123,400 in 2022, offering an affordable alternative to the state and national medians. Residential energy tax credits... Read more
Perry County Market Trends
Perry County, Arkansas, has seen a steady uptick in median home values, reaching $123,400 in 2022, lagging behind the state and national medians of $162,400 and $179,400, respectively. This trend may attract budget-conscious buyers and investors seeking affordability. The county's residential energy tax credit per tax return has experienced dramatic fluctuations, peaking at $2700.00 in 2021,... Read more
Median Value of Occupied Housing Units in Perry County, Arkansas Over the Last 8 Years
Perry County, Arkansas has experienced a steady increase in median home values over the last eight years, peaking at $123,400 in 2022. While Perry County's growth is impressive, it still lags behind the state's median of $162,400 and the national median, which surged to $179,400 in 2022. This trend suggests Perry County may offer more affordable investment opportunities compared to the broader market, potentially appealing to those looking to maximize returns or find more budget-friendly living options.
Residential Energy Tax Credit Per Tax Return in Perry County, AR Over the Last 7 Years
Perry County, Arkansas has seen significant fluctuations in the residential energy tax credit per tax return over the last seven years. While the average credit hovered around $260.00 to $300.00 from 2013 to 2016, it spiked dramatically to $1150.00 in 2019, reached $533.33 in 2020, and surged to $2700.00 in 2021. This volatility, particularly the recent upswing, suggests a growing recognition and utilization of energy-efficient home improvements and renewable energy options, making Perry County an increasingly attractive spot for eco-conscious investors, builders, and residents.
Average Real Estate Taxes Per Tax Return in Perry County, AR Over the Last 10 Years
Over the past decade, Perry County, Arkansas, has seen a consistent but fluctuating rise in average real estate taxes per tax return. From $986.67 in 2012 to $2,050.00 in 2021, the upward trend, particularly the sharp increases from 2017 onwards, highlights a growing real estate tax burden. This could indicate rising property values or changes in tax rates, factors that investors and prospective homebuyers should consider. The notable spike in tax rates might also reflect infrastructure or community improvements, making it a point of interest for those evaluating the long-term value of property investments in the county.
Percentage of Farm Returns in Perry County, AR Over the Last 10 Years
Perry County, Arkansas has seen relatively stable percentages of farm tax returns over the past decade, fluctuating around the 9% mark. Such steadiness implies that agriculture holds consistent importance in the local economy, making it a potentially reliable sector for investment. Farm tax returns are tax filings predominantly from agricultural activities, reflecting the financial health and productivity of the local farming community. This consistency could be appealing to investors, property developers, or anyone looking into rural opportunities in Perry County.
Number of Mortgages by Occupancy Type in Perry County, AR Over the Last 5 Years in Perry County
Over the past five years in Perry County, Arkansas, the majority of mortgages have been for principal residences, while investment properties and second residences saw much lower numbers. In 2021, there was a notable peak in principal residence mortgages at 491 cases, but this dropped to 374 in 2022. Meanwhile, investment properties and second residences have remained relatively stable with minor fluctuations. These trends suggest a dynamic shift in the housing market, possibly indicating higher demand for primary living spaces and a steady, albeit smaller, interest in investment and secondary properties. For investors, appraisors, and real estate agents, such shifts highlight the importance of understanding community needs and market drivers to make informed decisions. Additionally, insurance agents and those looking to build property should consider these occupancy trends to assess risk and demand accurately.
Economic Outlook
Perry County, Arkansas has seen a notable rise in average taxable income per tax return over the past nine years, climbing from $42,613.79 in 2013 to $51,449.50 in 2021. This suggests a strengthening local economy, which may attract investors and new residents. Meanwhile, average state and local income taxes per tax return have increased from $4,802.99 in 2012 to $8,737.50 in 2021, highlighting a growing financial burden in terms of local taxation. Additionally, fluctuations in average total... Read more
Average Taxable Income per Tax Return in Perry County, AR over the last 9 years
Perry County, AR has experienced a notable increase in average taxable income per tax return over the last nine years, climbing from $42,613.79 in 2013 to $51,449.50 in 2021. This upward trend, despite minor fluctuations, signals a strengthening local economy, potentially making the county more attractive for investors and new residents. The consistent rise, particularly evident from 2017 onwards, suggests progressive income growth and economic stability, highlighting its suitability for building property and long-term investments.
Average State and Local Income Taxes Per Tax Return in Perry County, AR Over the Last 10 Years
Over the past decade, Perry County, AR has experienced a notable increase in average state and local income taxes per tax return, with figures jumping from $4,802.99 in 2012 to $8,737.50 in 2021. This steady rise, particularly sharp between 2018 and 2021, is significant for potential residents and current inhabitants as it indicates a growing financial burden in terms of local taxation. This trend might impact decisions related to relocation or long-term financial planning for those residing in the county.
Average Total Tax Liability Per Tax Return in Perry County, AR Over the Last 10 Years
Over the past decade, Perry County, Arkansas has seen significant fluctuations in average total tax liability per tax return, hitting its highest at $6,215.51 in 2021. The general trend points to an increase in tax liability, with a few dips in years like 2018. This upward trend could signal rising incomes or increases in local tax rates, which is essential information for potential investors or new residents to consider when evaluating the financial climate of the area.
Cost of Living in Perry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $901 | $1,299 | $1,899 | $1,281 | $1,117 |
| 1 adult 4 children | $901 | $1,061 | $1,452 | $1,281 | $1,309 |
| 2 adults 3 children | $901 | $1,061 | $1,648 | $1,281 | $898 |
| 1 adult 3 children | $901 | $866 | $1,201 | $1,281 | $1,044 |
| 2 adults 2 children | $675 | $869 | $1,397 | $1,120 | $785 |
| 1 adult 2 children | $675 | $649 | $950 | $1,120 | $765 |
| 2 adults 1 child | $675 | $687 | $1,146 | $596 | $718 |
| 1 adult 1 child | $675 | $443 | $698 | $596 | $612 |
| 2 adults | $591 | $552 | $894 | $0 | $584 |
| 1 adult | $581 | $301 | $447 | $0 | $520 |
Safety trends & Data
Perry County, Arkansas, has seen fluctuating property crime trends, with burglary and larceny-theft peaking notably in 2019 and 2022. Burglary hit values of 6.0 and 4.0 in those years, while larceny-theft surged to 9.0 in 2022. Vandalism also spiked in 2019 with a value of 7.0. Meanwhile, arson and fraud remained minimal, occurring rarely. These trends offer valuable insights for real estate investors, appraisers, insurance agents, and potential residents, emphasizing the volatility and... Read more
Property Crime Trends in Perry County, AR Over the Last 5 Years
Perry County, Arkansas, has experienced fluctuating property crime trends over the past five years. Notably, burglary and larceny-theft have been the most recurrent offenses, with peaks in 2019 and 2022 for burglary (value = 6.0 and 4.0 respectively) and a significant rise in larceny-theft in 2022 (value = 9.0) compared to previous years. Instances of vandalism also showed inconsistency, spiking in 2019 (value = 7.0). Meanwhile, occurrences of arson and fraud were minimal, appearing only once or twice throughout the years in question. These varying trends provide valuable insight for real estate investors, appraisers, insurance agents, and potential residents alike, highlighting both the volatility and frequency of different property crimes in this region.
Demographics
Perry County, Arkansas exhibits a gender distribution that is fairly balanced, with males slightly outnumbering females. The county has a significant portion of its population having completed high school or attained some college education, although fewer pursue advanced degrees. Age-wise, there is a noticeable concentration of residents in the 35 to 64-year bracket, which might suggest a mature workforce. Racial demographics show a predominantly White population with very small representations... Read more
Race Distribution in Perry County, Arkansas (2022)
Educational Attainment in Perry County, Arkansas (2022)
Age Distribution in Perry County, Arkansas
Citizen Population in Perry County, Arkansas (2022)
Political Trends & Data
Perry County, Arkansas, shows a strong Republican presence, as seen in the high percentage of votes for the party in the presidential election. Democratic support is considerably lower, implying a tough environment for their candidates. Minor parties, like the Libertarian and Green parties, garner minimal support, indicating a political environment largely driven by conservative values with little interest in third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Perry County, Arkansas, appears to lean heavily Republican, as reflected in the high percentage of votes for the party. Democratic support seems notably lower, which could indicate a challenging environment for their candidates. Minor parties, including the Libertarian and Green parties, seem to have minimal traction, while votes for other parties are similarly sparse. This voting pattern might suggest a political landscape dominated by conservative values and a limited appetite for third-party platforms.
75.19% of voters voted for the Republican party in the 2020 Presidential Election
21.87% of voters voted for the Democrat party in the 2020 Presidential Election
0.76% of voters voted for the Livertarian party in the 2020 Presidential Election
0.43% of voters voted for the Green party in the 2020 Presidential Election
1.75% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Perry County, Arkansas, student-to-teacher ratios have hovered around 11 to 12, generally below the national average of 14 students per teacher. A notable dip to 10 students in 2021 may suggest heightened focus on individualized education or shifts in local school enrollment. Such ratios could be appealing to families seeking personalized attention for their children, influencing the area's real estate attractiveness and potentially driving up property values. This trend may also impact... Read more
Student-to-teacher ratio in Perry County, Arkansas over the last 10 years
Over the last decade, Perry County, Arkansas, has mostly seen student-to-teacher ratios hovering around 11 to 12, which is generally below the national average of 14 students per teacher. A significant dip occurred in 2021, reaching a low of 10 students per teacher, which could suggest an increased focus on individualized education or changes in local school enrollment figures. Ratios such as these may appeal to families seeking more personalized attention for their children, potentially influencing real estate attractiveness and investment opportunities in the area. Lower ratios also impact appraisers and insurance agents by indicating potentially higher property values and different risk assessments for community growth.
