Searcy County Real Estate and Livability Trends
Searcy County, Arkansas is showcasing notable real estate market trends. Median home values fluctuated from $82,800 in 2016 to a peak of $107,100 in 2022, presenting a relative bargain next to state and national medians. This pricing, combined with a spike in residential energy tax credits to $2,000.00 in 2021, hints at rising local investments in energy efficiency. Meanwhile, the agricultural... Read more
Searcy County Market Trends
Searcy County, Arkansas, shows intriguing dynamics in its housing market. The median home values have experienced significant volatility, ranging from a low of $82,800 in 2016 to a peak of $107,100 in 2022. This relative affordability compared to the state and national medians ($162,400 and $179,400 respectively) could make it an appealing market for potential buyers. Additionally, the average... Read more
Median Value of Occupied Housing Units in Searcy County, Arkansas Over the Last 8 Years
Searcy County, Arkansas, has seen significant fluctuations in median home values over the past 8 years, with an 8-year low of $82,800 in 2016 and a peak of $107,100 in 2022. Despite these swings, the county's housing market appears relatively more affordable compared to the state average, which rose to $162,400 in 2022, and the national median, which rocketed to $179,400. This could make Searcy County an attractive option for those looking to invest in property or move to a more affordable area while still benefiting from recent property value increases.
Residential Energy Tax Credit Per Tax Return in Searcy County, AR Over the Last 3 Years
Searcy County, Arkansas has seen a significant increase in the average residential energy tax credit per tax return over the past few years. In 2013, the credit stood at $266.67, which grew to $400.00 by 2016. Remarkably, this figure skyrocketed to $2,000.00 in 2021. This sharp rise indicates heightened interest and investment in energy-efficient improvements, making the region particularly appealing for environmentally-conscious residents and investors looking for tax benefits.
Average Real Estate Taxes Per Tax Return in Searcy County, AR Over the Last 10 Years
Over the past decade, Searcy County, Arkansas has seen fluctuations in average real estate taxes per tax return, starting at $811.11 in 2012 and peaking at $1,725.00 in 2020 before dipping to $1,200.00 in 2021. This variability may suggest a dynamic real estate market or shifts in property valuations and tax policies. For investors and future residents, these trends indicate potential volatility but also opportunities to find value, particularly during dips. Property developers might want to consider this tax landscape when planning their next project.
Percentage of Farm Returns in Searcy County, AR Over the Last 10 Years
Searcy County, Arkansas, has seen a relatively stable percentage of farm tax returns over the past decade, with a slight upward trend from 18.95% in 2012 to around 21.16% in 2018. Farm tax returns generally reflect the economic health and activity within the agricultural sector, a key component for investors, potential property developers, and residents who rely on the farming industry. Notable fluctuations occurred between 2017 and 2019, hinting at variable economic conditions impacting farmers. The prominence of farm returns suggests a strong agricultural presence, making the county potentially appealing for agribusiness ventures.
Number of Mortgages by Occupancy Type in Searcy County, AR Over the Last 5 Years in Searcy County
In Searcy County, Arkansas, over the past five years, the number of mortgages for principal residences has seen some variability, peaking at 293 in 2021 but generally maintaining a strong presence. Conversely, investment properties and second residences have maintained relatively lower, more stable volumes. Such fluctuations in principal residence mortgages may reflect broader economic conditions or local market dynamics. For investors, understanding these peaks and troughs can signal opportunities or risks, while appraisers and insurance agents might use these trends to assess property values and liabilities accurately. Real estate agents could tailor strategies based on whether the market is more driven by primary homeowners or investors.
Economic Outlook
Searcy County, Arkansas has seen a steady climb in average taxable income per tax return, jumping from $30,281.82 in 2013 to $41,111.08 in 2021. This growth hints at a strengthening local economy and perhaps better earning opportunities, making it a potentially good spot for real estate investments. Coupled with this, the area has also experienced significant volatility in state and local income taxes, with notable spikes, raising questions about financial stability and planning for both... Read more
Average Taxable Income per Tax Return in Searcy County, AR over the last 9 years
Searcy County, AR has seen a notable increase in average taxable income per tax return over the past nine years, climbing from $30,281.82 in 2013 to $41,111.08 in 2021. This upward trend suggests a growing local economy and increasing earning potential, making it an attractive area for investment and real estate development. The steady rise, particularly with significant jumps in recent years, also indicates potential for future growth, benefiting both new and existing residents.
Average State and Local Income Taxes Per Tax Return in Searcy County, AR Over the Last 10 Years
Searcy County, AR has experienced notable fluctuations in average state and local income taxes per tax return over the past decade. Starting at $4,413.79 in 2012, the taxes saw a dramatic increase, peaking at $8,475.00 in 2018, and have generally been higher since. This volatility impacts both current residents and potential movers, signaling a dynamic fiscal landscape that could influence budgeting and financial planning decisions.
Average Total Tax Liability Per Tax Return in Searcy County, AR Over the Last 10 Years
Over the past decade, Searcy County, Arkansas has experienced a substantial increase in average total tax liability per tax return, peaking in 2021 at $4778.30. The consistent upward trend signifies a growing financial responsibility for residents, reflective of broader economic factors. This rise in tax liability is crucial for potential investors and current residents to consider, as it may impact disposable incomes and economic planning in the area.
Cost of Living in Searcy County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $930 | $1,436 | $1,862 | $966 | $1,045 |
| 1 adult 4 children | $930 | $1,172 | $1,425 | $966 | $1,182 |
| 2 adults 3 children | $930 | $1,173 | $1,616 | $966 | $815 |
| 1 adult 3 children | $930 | $958 | $1,178 | $966 | $879 |
| 2 adults 2 children | $720 | $960 | $1,369 | $839 | $713 |
| 1 adult 2 children | $720 | $717 | $931 | $839 | $665 |
| 2 adults 1 child | $720 | $759 | $1,122 | $426 | $674 |
| 1 adult 1 child | $720 | $490 | $684 | $426 | $583 |
| 2 adults | $547 | $610 | $875 | $0 | $550 |
| 1 adult | $539 | $332 | $438 | $0 | $516 |
Safety trends & Data
Property crime trends in Searcy County, Arkansas have seen fluctuations over the past five years. Burglary incidents notably peaked in 2019 and 2021 with 5 incidents each year, while motor vehicle theft was minimal and only appeared in 2019. Larceny-theft had low but steady occurrences, and cases of stolen property were higher in both 2019 and 2020. Sporadic fraud and vandalism incidents present a mixed landscape for potential investors, insurers, and residents assessing safety and security... Read more
Property Crime Trends in Searcy County, AR Over the Last 5 Years
Property crime trends in Searcy County, Arkansas have shown fluctuations over the past five years. Burglary incidents peaked in 2019 and 2021 with 5 incidents each year, while motor vehicle theft, though minimal, appeared only in 2019. Larceny-theft saw low but steady occurrences, and cases of stolen property oscillated, notably higher in 2019 and 2020. Fraud and vandalism also showed sporadic presence across these years. This ebb and flow of property-related offenses may point to intermittent factors influencing crime rates, offering a mixed landscape for potential investors, insurers, and residents analyzing safety and security trends.
Demographics
The adult population in Searcy County, Arkansas, is closely balanced between males and females. Educational attainment trends show a significant portion of the population with at least a high school diploma, though fewer reach higher degrees, which could hint at limited local access to higher education institutions. Age distribution suggests a mature population with a notable number over 55, hinting at a potential focus on amenities for older adults. The racial composition seems predominantly... Read more
Race Distribution in Searcy County, Arkansas (2022)
Educational Attainment in Searcy County, Arkansas (2022)
Age Distribution in Searcy County, Arkansas
Citizen Population in Searcy County, Arkansas (2022)
Political Trends & Data
Searcy County, Arkansas, signaled a strong Republican lean in the 2020 U.S. Presidential Election, with the GOP capturing roughly 84% of the vote, dwarfing the Democratic party's 15%. The negligible impact from third parties, which collectively pulled in under 2%, could suggest limited ideological diversity in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Searcy County, Arkansas, showed a dominant preference for the Republican party in the 2020 U.S. Presidential Election, with approximately 84% of the votes. The Democratic party, meanwhile, garnered around 15%, indicating a significant gap between the two leading parties. Minor parties such as Libertarian, Green, and others collectively captured less than 2% of the vote, suggesting that third-party influence was likely minimal in this particular county.
83.73% of voters voted for the Republican party in the 2020 Presidential Election
14.63% of voters voted for the Democrat party in the 2020 Presidential Election
0.75% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.80% of voters voted for the Other party in the 2020 Presidential Election
School Data
Searcy County, Arkansas has seen a student-to-teacher ratio fluctuating between 9 and 11 students per teacher in the past decade, well below the national average of 14. This suggests smaller class sizes, which could appeal to families seeking personalized education for their children. For real estate professionals, this might indicate a stable or growing housing demand, while appraisers and insurance agents could view it as a sign of community commitment to education, potentially impacting... Read more
Student-to-teacher ratio in Searcy County, Arkansas over the last 10 years
Over the last ten years, the student-to-teacher ratio in Searcy County, Arkansas has fluctuated, ranging from a low of about 9 students per teacher to a peak of approximately 11. This is well below the current U.S. national average of 14 students per teacher, suggesting potentially smaller class sizes which might be more appealing to families seeking personalized attention for their children. For real estate investors and agents, this could imply a stable or growing demand for housing in the area. Appraisers and insurance agents might find this educational metric valuable as it could be indicative of the community's commitment to education, potentially influencing property values and risk assessments.
