Pike County Real Estate and Livability Trends
Pike County, Arkansas has seen a rise in average taxable income per tax return, going from $37,162.71 in 2013 to $49,230.99 in 2021, possibly reflecting growing economic stability. Median home values increased from $86,100 in 2020 to $99,200 in 2022, making it attractive for budget-conscious buyers. Significant jumps in both local and state income taxes, and real estate taxes point to increasing... Read more
Pike County Market Trends
Pike County, Arkansas has witnessed a significant rise in median home values from $86,100 in 2020 to $99,200 in 2022, making it an appealing market for budget-conscious buyers despite trailing the state and national medians. Energy-conscious investors might find the dramatic increase in residential energy tax credits—jumping from $350.00 in 2016 to $1,066.67 in 2021—indicative of rising... Read more
Median Value of Occupied Housing Units in Pike County, Arkansas Over the Last 8 Years
Pike County, Arkansas has experienced steady growth in median home values over the past eight years, culminating in a significant spike from $86,100 in 2020 to $99,200 in 2022. While still lower than the state median, which reached $162,400 in 2022, Pike County's housing market contrasts with these broader trends. Compared to the national median, which surged to $179,400 in 2022, homes in Pike County are considerably more affordable. This affordability could make the area attractive for investors, potential movers, or those seeking to build property with a smaller budget while benefiting from observed growth.
Residential Energy Tax Credit Per Tax Return in Pike County, AR Over the Last 6 Years
Pike County, Arkansas has seen significant fluctuations in residential energy tax credits per tax return over the past six years, spiking dramatically from $350.00 in 2016 to $1,066.67 in 2021. With the noteworthy jump in 2021, this increase indicates growing investments or incentives in energy-efficient home improvements in the county, which can be a prime indicator of both rising environmental consciousness and potential long-term savings for homeowners. Such trends suggest promising opportunities for investors interested in green technology or for those looking to capitalize on eco-friendly builds and renovations.
Average Real Estate Taxes Per Tax Return in Pike County, AR Over the Last 10 Years
Over the last decade, Pike County, Arkansas observed a noticeable upward trend in average real estate taxes per tax return, starting from around $1,159.18 in 2012 to approximately $2,257.14 by 2021. This growth indicates a demand surge or property value increase, making it crucial for potential investors and property developers to consider these rising costs. Additionally, prospective residents might want to weigh these tax implications when deciding to move to the area.
Percentage of Farm Returns in Pike County, AR Over the Last 10 Years
Pike County, Arkansas has seen its farm tax returns fluctuate slightly over the past decade. From 9.33% in 2012, it experienced minimal changes, peaking at roughly 10.17% in 2017 before settling back to around 8.91% in 2021. Farm tax returns represent the proportion of tax filings specifically from farm-related income, indicating the area's reliance on agriculture. This trend might interest potential investors and residents as it sheds light on the stability and economic priorities of the region's agrarian sector. Investing or relocating to Pike County may benefit from understanding these agricultural trends, which could inform property development and business ventures considering current economic reliance on farming.
Number of Mortgages by Occupancy Type in Pike County, AR Over the Last 5 Years in Pike County
Pike County, Arkansas has seen a predominant trend towards mortgages for principal residences over the last five years, with a notable spike in 2021 and a slight dip in 2022. The number of mortgages for investment properties has exhibited a gradual increase, suggesting increasing interest from real estate investors. Conversely, the second residence category remains relatively low, indicating that Pike County may not be a hot spot for vacation homes. These trends can inform various stakeholders: Investors might find the growing investment property market promising; potential homebuyers could benefit from the relatively high availability of principal residences; real estate agents and appraisers should be aware of these shifts to better serve their clients; and insurance agents might find the growth in investment properties as an opportunity to tailor specific policies. Additionally, builders and developers can use these insights to gauge the types of housing that may receive the most demand moving forward.
Economic Outlook
Pike County, Arkansas has experienced a notable rise in average taxable income per tax return, escalating from $37,162.71 in 2013 to $49,230.99 in 2021. This uptick hints at growing economic stability and improved household spending power, which could appeal to investors and new residents. Additionally, local and state income taxes have nearly doubled, jumping from $4,888.89 in 2012 to $10,933.33 in 2021. While the total tax liability has seen some fluctuations, peaking at $6,111.61 in 2021,... Read more
Average Taxable Income per Tax Return in Pike County, AR over the last 9 years
Pike County, AR has seen a steady increase in average taxable income per tax return over the past nine years, rising from $37,162.71 in 2013 to $49,230.99 in 2021. This upward trend suggests a growing economic stability and potential for increased household spending power, making it an attractive location for investors, new residents, and developers. The consistent growth in income levels could also signal enhanced job opportunities and a robust local economy, benefitting those considering relocating to the area.
Average State and Local Income Taxes Per Tax Return in Pike County, AR Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Pike County, AR have steadily increased, nearly doubling from $4,888.89 in 2012 to $10,933.33 in 2021. Significant jumps are evident post-2017, reflecting a possible shift in local economic conditions and tax policies. These rising tax obligations are crucial for prospective residents to consider when evaluating cost of living and financial planning in the area.
Average Total Tax Liability Per Tax Return in Pike County, AR Over the Last 10 Years
Over the last decade, Pike County, Arkansas, has seen a fluctuating trend in average total tax liability per tax return, with figures ranging from $4,762.82 in 2013 to a peak of $6,111.61 in 2021. Notably, there's been a steady increase from 2014 through 2017, before a slight dip and then a significant rise in 2021. This volatility could impact decisions for those considering investments, relocations, or property development in the area, indicating both potential growth opportunities and financial planning considerations.
Cost of Living in Pike County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $940 | $1,367 | $1,862 | $966 | $1,028 |
| 1 adult 4 children | $940 | $1,117 | $1,425 | $966 | $1,170 |
| 2 adults 3 children | $940 | $1,117 | $1,616 | $966 | $806 |
| 1 adult 3 children | $940 | $912 | $1,178 | $966 | $875 |
| 2 adults 2 children | $720 | $914 | $1,369 | $839 | $706 |
| 1 adult 2 children | $720 | $683 | $931 | $839 | $664 |
| 2 adults 1 child | $720 | $723 | $1,122 | $426 | $672 |
| 1 adult 1 child | $720 | $467 | $684 | $426 | $588 |
| 2 adults | $579 | $581 | $875 | $0 | $585 |
| 1 adult | $539 | $317 | $438 | $0 | $525 |
Safety trends & Data
Pike County, Arkansas, has experienced considerable fluctuations in property crime over the last five years. Burglary incidents, for instance, peaked at 9 cases in 2019 but dramatically dropped to just 1 case by 2022. Larceny-theft cases decreased notably from 10 in 2018 to 4 in 2022. While forgery and counterfeiting remained low, they did see a minor spike, especially in 2022 with 4 cases. Vandalism maintained a steady presence with slight variations. These crime trends could influence... Read more
Property Crime Trends in Pike County, AR Over the Last 5 Years
Over the last five years, property crime in Pike County, Arkansas, has shown significant fluctuation. Burglary incidents peaked in 2019 with 9 cases but dramatically declined to just 1 case by 2022. Larceny-theft also saw substantial reduction, dropping from 10 cases in 2018 to just 4 in 2022. Interestingly, instances of forgery and counterfeiting remain low but saw a minor spike, especially in 2022 with 4 cases. Vandalism, while less volatile compared to other crimes, consistently maintained a steady presence with slight variations. These trends offer a nuanced view of the county’s shifting crime landscape, potentially impacting investment decisions, property evaluations, insurance considerations, and real estate activities.
Demographics
In Pike County, Arkansas, the adult population is almost evenly split between males and females. The majority of residents have attained at least a high school diploma, but a notable segment has some college experience without a degree. Age distribution suggests a larger older population, particularly those aged 55 and over. Racial diversity is relatively limited, with a predominantly White population and smaller percentages of Black or African American and other racial... Read more
Race Distribution in Pike County, Arkansas (2022)
Educational Attainment in Pike County, Arkansas (2022)
Age Distribution in Pike County, Arkansas
Citizen Population in Pike County, Arkansas (2022)
Political Trends & Data
In Pike County, Arkansas, the 2020 U.S. Presidential Election results indicated a strong Republican preference, with nearly 83% of votes favoring the GOP. Democrats received around 15%, and Libertarians and other parties managed just shy of 2%, suggesting minimal third-party influence. This trend hints at a deeply rooted conservative political environment which may influence local real estate investments and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Pike County, Arkansas, the political landscape during the 2020 U.S. Presidential Election leaned heavily Republican, capturing nearly 83% of the votes. Democrats lagged behind significantly with around 15%, while Libertarians and other parties collectively garnered just shy of 2%, hinting at limited third-party influence. This data suggests Pike County's strong preference for Republican candidates while alternative political affiliations remain marginal.
82.88% of voters voted for the Republican party in the 2020 Presidential Election
15.17% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.09% of voters voted for the Green party in the 2020 Presidential Election
0.89% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pike County, Arkansas, has consistently maintained a student-to-teacher ratio below the national average of 14:1 over the last decade, starting at 12:1 in 2014 and reaching as low as 10:1 by 2019. More recently, it has slightly increased to around 13–13.5:1. This relatively small class size could make the area appealing to families and investors, as it often allows for more personalized attention for students. Real estate agents and appraisers might highlight this as a key selling point,... Read more
Student-to-teacher ratio in Pike County, Arkansas over the last 10 years
The student-to-teacher ratio in Pike County, Arkansas, has consistently remained below the national average of 14 students per teacher over the last decade. Starting at approximately 12 students per teacher in 2014, the ratio decreased to as low as 10 by 2019, before slightly increasing again to around 13 to 13.5 in the past couple of years. This trend suggests that Pike County schools have been able to maintain relatively small class sizes, which could be an attractive feature for families considering a move or investors looking at the area's quality of education. Smaller ratios often allow for more personalized attention for students, something appraisers and real estate agents might highlight as a selling point. This could also have implications for the insurance rates for properties, potentially affecting their overall valuation.
