Phillips County Real Estate and Livability Trends
Phillips County, Arkansas has demonstrated an upward trend in median home values with a peak at $80,800 in 2020, though they settled at $74,100 in 2022. Consistent tax policies have led to notable spikes in real estate taxes post-2016, hitting $1,973.33 in 2021. Efforts in energy efficiency are evident with a peak in residential energy tax credits at $1,133.33 in 2018. Additionally, the region's... Read more
Phillips County Market Trends
Median home values in Phillips County, Arkansas, peaked at $80,800 in 2020 before settling to $74,100 in 2022, reflecting broader trends seen across Arkansas and the U.S., albeit at lower figures. Interesting fluctuations in residential energy tax credits, peaking at $1,133.33 in 2018 and stabilizing around $633.33 in 2021, highlight growing local investments in energy-efficient upgrades. Real... Read more
Median Value of Occupied Housing Units in Phillips County, Arkansas Over the Last 8 Years
Median home values in Phillips County, Arkansas have shown some interesting fluctuations over the last eight years, with a noticeable peak in 2020 at $80,800 and stabilizing to $74,100 in 2022. This upward trend earlier in the decade was echoed statewide, albeit at higher values—Arkansas' median home values jumped from $111,400 in 2015 to $162,400 in 2022. Nationally, median home values rose from $125,500 to $179,400 during the same period. This comparative analysis suggests that while Phillips County remains more affordable, the broader state's market dynamics likely offer important contextual insights for buyers and investors.
Residential Energy Tax Credit Per Tax Return in Phillips County, AR Over the Last 9 Years
Phillips County, Arkansas has seen notable fluctuations in residential energy tax credits per tax return over the past nine years. After starting at $314.29 in 2013, the credit saw a rapid increase, peaking at $1,133.33 in 2018 before stabilizing around $633.33 in 2021. This trend reflects both growing investments in energy-efficient home improvements and potentially changing tax incentives, making Phillips County an interesting spot for those looking to capitalize on energy savings while investing in property.
Average Real Estate Taxes Per Tax Return in Phillips County, AR Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Phillips County, Arkansas, have shown a notable upward trend, especially from 2016 onwards. Increases were relatively gradual until 2018 when taxes spiked significantly, crossing the $1,700 mark and peaking at $1,973.33 in 2021. This sharp rise might reflect changes in local government policies or increased property values, offering a critical insight for prospective property investors and homeowners looking to understand the fiscal landscape they might be stepping into.
Percentage of Farm Returns in Phillips County, AR Over the Last 10 Years
Phillips County, Arkansas, has shown some fluctuations in the percentage of farm returns over the last decade, peaking at around 2.81% in 2018 and bottoming out at approximately 2.35% in 2015. Throughout this period, the county has typically hovered around the 2.4% to 2.8% range. Farm tax returns, which represent the proportion of local tax filings associated with agricultural operations, provide insight into the area's economic reliance on farming. For potential investors or new residents, these figures suggest a steady but modest presence of farming activities, which may influence property values, local business opportunities, and community services.
Number of Mortgages by Occupancy Type in Phillips County, AR Over the Last 5 Years in Phillips County
Phillips County, Arkansas has shown fluctuating trends in mortgage counts over the past five years, especially for different occupancy types. The number of mortgages taken out for principal residences tends to be significantly higher compared to investment and second properties, suggesting stable local demand for primary housing. Nonetheless, investment properties have held relatively steady, hinting at enduring interest from investors possibly seeking rental income or capital appreciation. For potential investors, understanding these trends helps gauge the market's stability and demand. Real estate agents can leverage this information to tailor their strategies, while insurance agents might need to consider the risks associated with varying property types. Builders, appraisers, and potential movers could also use this data to forecast property values and market demands.
Economic Outlook
Phillips County, Arkansas has seen a steady rise in average taxable income per tax return, reaching $40,562.89 in 2021 from $36,284.60 in 2013, signaling an improved economic landscape and attracting potential investors. However, the region has experienced inconsistent state and local income taxes, with notable peaks in 2013 and 2019 and troughs in 2015 and 2016, which may affect cost of living perceptions. Interestingly, there's been a decline in total tax liability, dropping to $5,598.48 in... Read more
Average Taxable Income per Tax Return in Phillips County, AR over the last 9 years
Phillips County, AR has experienced a generally upward trend in average taxable income per tax return over the past nine years, rising from $36,284.60 in 2013 to $40,562.89 in 2021. Despite a slight dip in 2015, incomes have steadily increased, offering a positive outlook for potential investors and those considering relocating. This gradual income growth suggests an improving economic landscape, making it an attractive prospect for property development and investment opportunities.
Average State and Local Income Taxes Per Tax Return in Phillips County, AR Over the Last 10 Years
Phillips County, AR has experienced significant fluctuations in average state and local income taxes per tax return over the past decade. Notable spikes occurred in 2013 and 2019, with $6,679.78 and $7,816.67 respectively, indicating potential economic shifts or changes in tax policies. Meanwhile, years like 2015 and 2016 saw lower averages, around $4,743.88 and $4,695.65. These variations can impact cost of living perceptions for current residents and influence relocation decisions for potential newcomers, as they reflect underlying economic conditions and fiscal responsibilities in the area.
Average Total Tax Liability Per Tax Return in Phillips County, AR Over the Last 10 Years
Over the last decade, Phillips County, Arkansas has seen a noticeable decline in the average total tax liability per tax return, from $6,412.88 in 2012 to $5,598.48 in 2021. This downward trend indicates a decrease in taxable income or a shift in the local economy. For anyone considering moving to or investing in Phillips County, this could suggest more affordable living conditions or a need to investigate potential economic challenges.
Cost of Living in Phillips County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,023 | $1,323 | $1,862 | $966 | $968 |
| 1 adult 4 children | $1,023 | $1,080 | $1,425 | $966 | $1,097 |
| 2 adults 3 children | $1,023 | $1,081 | $1,616 | $966 | $766 |
| 1 adult 3 children | $1,023 | $882 | $1,178 | $966 | $818 |
| 2 adults 2 children | $720 | $885 | $1,369 | $839 | $639 |
| 1 adult 2 children | $720 | $661 | $931 | $839 | $583 |
| 2 adults 1 child | $720 | $699 | $1,122 | $426 | $609 |
| 1 adult 1 child | $720 | $452 | $684 | $426 | $523 |
| 2 adults | $554 | $562 | $875 | $0 | $501 |
| 1 adult | $539 | $306 | $438 | $0 | $470 |
Safety trends & Data
Phillips County, Arkansas has experienced variable property crime rates over the past five years. Burglary incidents peaked at 45.00 in 2022 after declining to 10.00 in 2019. Meanwhile, larceny-theft cases, the most common crime, dropped from 136.00 in 2018 to 49.00 in 2022. Vandalism saw a spike to 32.00 in 2020 before descending to 16.00 in 2022. Motor vehicle theft remained relatively stable but edged up to 8.00 in 2021. These fluctuations are pivotal for potential investors, real estate... Read more
Property Crime Trends in Phillips County, AR Over the Last 5 Years
Phillips County, Arkansas has seen fluctuating trends in property crimes over the last five years. While burglary rates were highest in 2018 with 35.0 reported incidents, they declined to 10.0 in 2019 before rising again to peak at 45.0 in 2022. Larceny-theft, the most prevalent crime, started at 136.0 cases in 2018 but steadily decreased, reaching a low of 49.0 in 2022. Vandalism incidents showed variability, spiking to 32.0 in 2020 before dropping back to 16.0 in 2022. Motor vehicle theft remained relatively low but saw slight increases and decreases over the years, with a minor peak of 8.0 in 2021. The data overall suggests alternating phases of crime reduction and occasional spikes, which is crucial for potential investors, real estate agents, and residents to monitor for informed decision-making.
Demographics
Phillips County, Arkansas shows a more pronounced female adult population and a significant portion of residents with a high school diploma or some college education. The age distribution leans toward older age groups, particularly those aged 55 to 64. The racial composition is predominantly Black or African American, with smaller White and other minority populations. These trends may signal the need for targeted community services and employment opportunities focused on women and older adults,... Read more
Race Distribution in Phillips County, Arkansas (2022)
Educational Attainment in Phillips County, Arkansas (2022)
Age Distribution in Phillips County, Arkansas
Citizen Population in Phillips County, Arkansas (2022)
Political Trends & Data
Phillips County, Arkansas, display voting tendencies that might lean towards the Democratic Party, which possibly secured around 58% of the vote in the 2020 U.S. Presidential Election. On the other hand, the Republican Party could have garnered about 39%, indicating a competitive political atmosphere. Minor parties such as the Libertarian and Green parties apparently had little influence, each capturing less than 3% of the vote. These figures suggest a pronounced partisan divide with scant... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Phillips County, Arkansas, voting patterns in the 2020 U.S. Presidential Election seemed to favor the Democratic Party, which potentially garnered around 58% of the vote. The Republican Party may have secured approximately 39%, suggesting a competitive political landscape. Minor parties like the Libertarian and Green parties appeared to have minimal impact, each capturing less than 3% of the vote. This distribution might highlight a strong partisan divide with limited support for third-party candidates.
38.72% of voters voted for the Republican party in the 2020 Presidential Election
58.04% 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
0.26% of voters voted for the Green party in the 2020 Presidential Election
2.74% of voters voted for the Other party in the 2020 Presidential Election
School Data
Phillips County, Arkansas, has seen student-to-teacher ratios consistently below the national average of 14 students per teacher over the last decade, ranging between 11.4 and 12.9. This lower ratio suggests smaller class sizes, possibly offering more personalized attention for students. For investors and potential new residents, this could be an attractive feature, hinting at a favorable learning environment that might also positively impact property valuations. Real estate agents and... Read more
Student-to-teacher ratio in Phillips County, Arkansas over the last 10 years
In Phillips County, Arkansas, the student-to-teacher ratio has generally been below the national average of 14 students per teacher over the last decade, fluctuating between approximately 11.4 and 12.9. This relatively lower ratio could suggest smaller class sizes, which might offer more personalized attention for students. For those looking to invest or move into the area, this could be an enticing factor as it potentially indicates a more favorable learning environment. For real estate agents and appraisers, these numbers might imply an educational advantage that could influence property valuations positively. Insurance agents might also consider this data when assessing community risk factors and educational quality.
