Randolph County Real Estate and Livability Trends
Randolph County, Arkansas, shows some compelling trends for potential investors and residents. The median home values soared from $73,700 in 2015 to $110,700 in 2022, significantly surpassing state and national growth rates. This comes amid a backdrop of rising average taxable income, which jumped from $39,076.20 in 2013 to $48,748.15 by 2021, and increased property taxes, reflecting augmented... Read more
Randolph County Market Trends
Randolph County, Arkansas, has seen median home values climb impressively from $73,700 in 2015 to $110,700 in 2022, outpacing both state and national growth rates. Real estate taxes also doubled over the past decade, with 2020 peaking at around $1,371.43 per tax return, hinting at increased property values and local development. The average residential energy tax credit significantly jumped to... Read more
Median Value of Occupied Housing Units in Randolph County, Arkansas Over the Last 8 Years
Randolph County, Arkansas, has experienced an upward trajectory in median home values over the last eight years, culminating in $110,700 in 2022 from $73,700 in 2015. This growth rate appears more robust compared to the national ($179,400 in 2022) and state figures ($162,400 in 2022). Such a trend may suggest a developing interest in the area, potentially making it an attractive opportunity for investors and prospective homeowners looking for appreciation potential in a less saturated market.
Residential Energy Tax Credit Per Tax Return in Randolph County, AR Over the Last 7 Years
Over the last seven years, the average residential energy tax credit per tax return in Randolph County, Arkansas has demonstrated notable fluctuations. After a decline from $345.45 in 2013 to $284.62 in 2015, there was a substantial increase in subsequent years, peaking at $962.50 in 2021. This trend reflects heightened incentives for energy-efficient investments, making it an opportune time for those considering property improvements or new developments focused on energy efficiency in this region.
Average Real Estate Taxes Per Tax Return in Randolph County, AR Over the Last 10 Years
Over the past decade, Randolph County, Arkansas has experienced a noticeable upward trend in average real estate taxes per tax return, signaling increased property valuations and potential economic growth. From a starting point of approximately $619.23 in 2012 to a peak of around $1,371.43 in 2020, the county's real estate tax rates have more than doubled. This could suggest a growing interest in the area for potential investors and developers, as higher property values often reflect improved local amenities and infrastructure. Though 2021 saw a slight decline to $1,242.86, the overall trend highlights a dynamic and evolving real estate market in the region.
Percentage of Farm Returns in Randolph County, AR Over the Last 10 Years
Randolph County, Arkansas, has seen fluctuating yet relatively stable farm tax returns over the past decade, indicating a consistent agrarian presence. Farm tax returns, which reflect a farm's reported income and associated deductions, hovered between 9.26% and 9.88%, highlighting minor variations but an overall steady contribution to the local economy. For investors, property developers, and new residents, this trend suggests a resilient agricultural sector that could offer reliable business opportunities and a stable community rooted in farming.
Number of Mortgages by Occupancy Type in Randolph County, AR Over the Last 5 Years in Randolph County
Investments and second residences in Randolph County, Arkansas have seen slight fluctuations over the last five years, with investment property mortgages peaking in 2020 and second residence mortgages largely remaining steady. Principal residence mortgages have shown more variability, with a noticeable spike in 2021. Shifts in these occupancy types can indicate broader economic trends such as job market changes, population growth, or shifts in rental demands, making it crucial for potential investors, real estate agents, and others involved in the property market to analyze these patterns for informed decision-making.
Economic Outlook
Randolph County, Arkansas has seen an upward trend in average taxable income, rising from $39,076.20 in 2013 to $48,748.15 by 2021. This suggests economic growth, particularly notable from 2018-2021, which is enticing for investors and potential residents. Similarly, state and local income taxes have climbed from $5,652.27 in 2012 to a high of $10,385.71 in 2021, illustrating a growing tax burden. The total tax liability per tax return has fluctuated, hitting a low in 2018 at $4,974.95 but... Read more
Average Taxable Income per Tax Return in Randolph County, AR over the last 9 years
The average taxable income per tax return in Randolph County, AR has generally been on an upward trend over the past nine years. In 2013, the figure was $39,076.20, gradually increasing with some year-to-year fluctuations, but showing a notable rise to $48,748.15 by 2021. This suggests a growing economic strength in the area, making it an attractive prospect for investors and potential residents alike. A significant uptick particularly around 2018-2021 indicates a period of substantial growth, highlighting the county's potential for lucrative investment opportunities and residential development.
Average State and Local Income Taxes Per Tax Return in Randolph County, AR Over the Last 10 Years
The average state and local income taxes per tax return in Randolph County, AR have seen a notable increase over the last decade. Starting at $5,652.27 in 2012 and peaking at $10,385.71 in 2021, the data illustrates an upward trend with significant jumps, especially after 2018. This sharp rise in tax amounts could impact decisions for both potential movers and current residents, as it reflects a growing tax burden in the area.
Average Total Tax Liability Per Tax Return in Randolph County, AR Over the Last 10 Years
Randolph County, Arkansas has seen fluctuating average total tax liabilities per tax return over the past decade, with notable decreases in 2015 ($5,458.49) and a significant low in 2018 ($4,974.95). However, starting in 2019, there has been a consistent upward trend, peaking in 2021 at $6,508.57. This recent increase could indicate economic growth, higher incomes, or changes in local tax policies, making it an insightful factor for potential investors, new residents, and property developers assessing the area's financial climate.
Cost of Living in Randolph County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $980 | $1,271 | $1,862 | $966 | $969 |
| 1 adult 4 children | $980 | $1,038 | $1,425 | $966 | $1,106 |
| 2 adults 3 children | $980 | $1,038 | $1,616 | $966 | $767 |
| 1 adult 3 children | $980 | $848 | $1,178 | $966 | $825 |
| 2 adults 2 children | $720 | $850 | $1,369 | $839 | $658 |
| 1 adult 2 children | $720 | $635 | $931 | $839 | $608 |
| 2 adults 1 child | $720 | $672 | $1,122 | $426 | $630 |
| 1 adult 1 child | $720 | $434 | $684 | $426 | $548 |
| 2 adults | $637 | $540 | $875 | $0 | $546 |
| 1 adult | $624 | $294 | $438 | $0 | $520 |
Safety trends & Data
Randolph County's property crime trends over the past five years reveal some intriguing shifts that could influence real estate decisions. Burglaries peaked in 2020 with 17 cases but dropped drastically to just 3 cases by 2022. Larceny-theft, the most common property crime, saw a high of 33 cases in 2018, falling to 9 cases by 2022. Vandalism followed a similar pattern, peaking at 15 cases in 2019 and decreasing to 4 cases by 2022. These trends, along with the intermittent nature of fraud... Read more
Property Crime Trends in Randolph County, AR Over the Last 5 Years
In the last five years, Randolph County has seen fluctuating trends in property crime. Burglaries peaked in 2020 at 17 cases but have significantly dropped to just 3 cases by 2022. Larceny-theft, the most frequent property crime, reached a high of 33 cases in 2018 and fell to 9 cases in 2022. Motor vehicle thefts have remained relatively low but consistent. Vandalism saw its highest number in 2019 with 15 cases and decreased to 4 cases by 2022. Interestingly, fraud cases appear intermittently, indicating non-linear trends. These patterns could be crucial for investors and real estate professionals assessing the safety and property values within the county.
Demographics
Randolph County, Arkansas shows a relatively balanced gender split with a slightly higher female population. The education levels highlight that a significant portion of residents are high school grads or have some college experience, yet comparatively fewer possess a bachelor's or advanced degree. Age-wise, the population is fairly distributed, though individuals aged 55 and above represent a notable segment. The racial composition remains predominantly white, with very small percentages... Read more
Race Distribution in Randolph County, Arkansas (2022)
Educational Attainment in Randolph County, Arkansas (2022)
Age Distribution in Randolph County, Arkansas
Citizen Population in Randolph County, Arkansas (2022)
Political Trends & Data
Randolph County, Arkansas, exhibits a predominantly conservative political leaning, as indicated by approximately 79% of votes favoring the Republican party in the 2020 U.S. Presidential Election. The Democrats managed to secure roughly 18% of the vote share, with minor parties, including Libertarian and Green, receiving minimal support. The nearly 3% of votes categorized as 'Other' hint at some local interest in third-party or independent... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Randolph County, Arkansas, showed a strong tendency to favor the Republican party, with votes potentially around 79%. The Democratic party garnered about 18% of the votes, while minor parties like the Libertarian and Green parties received significantly smaller shares. The presence of nearly 3% votes categorized as 'Other' might suggest some level of local third-party or independent candidate interest. This voting pattern could indicate a predominantly conservative political leaning in this Arkansas county.
78.61% of voters voted for the Republican party in the 2020 Presidential Election
17.84% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
2.60% of voters voted for the Other party in the 2020 Presidential Election
School Data
Randolph County, Arkansas has experienced a generally decreasing student-to-teacher ratio over the past decade, moving from around the national average of 14 students per teacher to as low as 11.5 in 2021 and 12.1 in 2023. This trend suggests more personalized attention per student, which may attract families and enhance local schools' appeal. Real estate agents and appraisers might consider incorporating this data, as it could positively influence property values and present Randolph County as... Read more
Student-to-teacher ratio in Randolph County, Arkansas over the last 10 years
Over the past decade, Randolph County, Arkansas has seen a fluctuating but generally decreasing student-to-teacher ratio. While it hovered around the national average of 14 students per teacher in the earlier years, recent data indicates a drop to figures as low as 11.5 in 2021 and 12.1 in 2023. For those considering moving to or investing in the area, this trend could imply potential benefits such as more personalized attention per student, which may be attractive to families. Real estate agents and appraisers might find this information relevant as it could enhance the appeal of local schools, potentially influencing property values positively. These shifts also matter from an educational quality perspective and could be a selling point for those with young children, making Randolph County a potentially appealing option for new residents.
