Sebastian County Real Estate and Livability Trends
In Sebastian County, Arkansas, median home values jumped from $114,600 in 2015 to $154,900 in 2022, though still lagging behind state and national medians. Rising residential energy tax credits, peaking at $2,600.00 per tax return in 2018, point to increased investments in energy-efficient home upgrades. Real estate taxes surged to $3,252.44 per return in 2021, indicating higher property values... Read more
Sebastian County Market Trends
Sebastian County, Arkansas has seen an upward trajectory in median home values from $114,600 in 2015 to $154,900 in 2022, remaining slightly below both the state and national medians. A sharp rise in residential energy tax credits, peaking at $2,600.00 per tax return in 2018, suggests growing investments in energy-efficient home improvements. Real estate taxes per tax return climbed significantly... Read more
Median Value of Occupied Housing Units in Sebastian County, Arkansas Over the Last 8 Years
Sebastian County, Arkansas has experienced a steady increase in median home values over the past eight years, starting from $114,600 in 2015 to $154,900 in 2022. While this growth is consistent, it remains slightly below the state median, which rose from $111,400 to $162,400 in the same period. Nationally, the median value jumped from $125,500 in 2015 to $179,400 in 2022. For investors and prospective homeowners, the affordability in Sebastian County might be appealing compared to the higher state and national figures, indicating potential for future growth without the steep initial costs.
Residential Energy Tax Credit Per Tax Return in Sebastian County, AR Over the Last 9 Years
Interest in residential energy tax credits has surged in Sebastian County, Arkansas, as evidenced by a sharp climb from an average of $338.57 per tax return in 2013 to $2,600.00 in 2018, before stabilizing at $1,821.43 in 2021. This pattern reveals growing investments in energy-efficient home improvements, likely driven by rising environmental awareness and potential long-term cost savings. Investors and homeowner prospects should note the high peak in 2018, hinting at significant tax incentives during that period, making Sebastian County a prime location for sustainable property investment. For current residents, this trend indicates a community increasingly committed to energy efficiency.
Average Real Estate Taxes Per Tax Return in Sebastian County, AR Over the Last 10 Years
Real estate taxes per tax return in Sebastian County, Arkansas have shown an overall upward trajectory over the past decade. Starting at $1,637.20 in 2012, there has been a notable increase each year, peaking at $3,252.44 in 2021. This trend could indicate a rising property value in the area, making it potentially appealing for investors. However, prospective homeowners might also see this as a signal for higher ongoing tax expenses. The most significant jump was from 2017 to 2018, where the average tax per return climbed by nearly $1,000, suggesting a possible reassessment period or significant local developments impacting property values.
Percentage of Farm Returns in Sebastian County, AR Over the Last 10 Years
Farm tax returns in Sebastian County, Arkansas, have remained relatively steady over the past decade, fluctuating from 1.65% to 1.76%. A slight peak was observed in 2015 at about 1.76% before stabilizing around the 1.72% mark from 2017 onward. This consistency might suggest a somewhat stable agricultural sector, which could be a reassuring indicator for potential investors or parties interested in farmland and related activities in the county. Farm tax returns reflect the income generated from farming operations and provide insights into the financial health and activity within the county’s agricultural landscape.
Number of Mortgages by Occupancy Type in Sebastian County, AR Over the Last 5 Years in Sebastian County
Sebastian County, Arkansas, has seen a notable increase in the number of mortgages for principal residences, peaking in 2021. Investment properties have had a slight decline since 2018, and second residences remain consistently lower. Changes in the type of occupancy for mortgages might matter because they can reflect broader economic factors like employment stability, investment confidence, and housing demand. For investors, understanding these trends helps in identifying potential opportunities and risks, whereas for appraisers and insurance agents, it could influence property valuations and risk assessments. Builders and real estate agents can tailor their strategies based on the dominant occupancy trends, and prospective residents or those wanting to move within the county can gauge the local property market dynamics better.
Economic Outlook
In Sebastian County, Arkansas, taxable income has shown a strong upward trend, soaring from $49,843.45 in 2013 to $66,221.06 in 2021, signaling economic growth and potential investment opportunities. However, rising state and local income taxes, which jumped from $8,361.70 in 2012 to $16,058.47 by 2021, could influence residency decisions. The average total tax liability also rose, peaking at $10,969.26 in 2021. Meanwhile, poverty rates have fluctuated, peaking at 22.8% in 2015 and dipping to... Read more
Average Taxable Income per Tax Return in Sebastian County, AR over the last 9 years
Over the last nine years, Sebastian County, AR has seen a steady rise in the average taxable income per tax return, spiking from $49,843.45 in 2013 to a high of $66,221.06 in 2021. This consistent upward trend suggests a growing economic prosperity in the area, making it an appealing location for potential investors and new residents. The notable jump in 2021 indicates possible economic resilience and growth opportunities despite broader financial uncertainties.
Average State and Local Income Taxes Per Tax Return in Sebastian County, AR Over the Last 10 Years
Over the past decade, Sebastian County, AR has experienced a significant increase in average state and local income taxes per tax return. Starting at $8,361.70 in 2012, the figure steadily grew, reaching $16,058.47 by 2021. The sharpest spike occurred between 2017 and 2018, when the average jumped from $9,171.16 to $14,051.50. This consistent rise in tax obligations could impact decisions for potential residents considering moving to the area, highlighting a trend toward higher financial commitments.
Average Total Tax Liability Per Tax Return in Sebastian County, AR Over the Last 10 Years
Sebastian County, Arkansas has seen a steady increase in the average total tax liability per tax return over the last decade, with a significant spike in 2021 reaching $10,969.26. This trend suggests a growing economy and possibly rising incomes, making it an interesting spot for investment and property development. The fluctuations in earlier years, such as a notable rise in 2014 to $9,800.13, followed by a dip in 2015, indicate economic adjustments possibly tied to broader market conditions.
Cost of Living in Sebastian County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,113 | $1,351 | $1,899 | $1,281 | $1,122 |
| 1 adult 4 children | $1,113 | $1,103 | $1,452 | $1,281 | $1,277 |
| 2 adults 3 children | $1,113 | $1,104 | $1,648 | $1,281 | $884 |
| 1 adult 3 children | $1,113 | $901 | $1,201 | $1,281 | $1,009 |
| 2 adults 2 children | $805 | $904 | $1,397 | $1,120 | $743 |
| 1 adult 2 children | $805 | $675 | $950 | $1,120 | $709 |
| 2 adults 1 child | $805 | $714 | $1,146 | $596 | $683 |
| 1 adult 1 child | $805 | $461 | $698 | $596 | $598 |
| 2 adults | $611 | $574 | $894 | $0 | $520 |
| 1 adult | $607 | $313 | $447 | $0 | $495 |
Safety trends & Data
Property crime trends in Sebastian County, Arkansas, have showcased intriguing changes over the past five years. Larceny-theft peaked at 842 incidents in 2019 but saw a substantial drop to 225 by 2022. Burglary also declined, from 89 cases in 2020 down to 67 by 2022. Conversely, motor vehicle theft has steadily increased, hitting a high of 33 cases in 2022. Crimes such as arson and fraud have stayed low and stable. These dynamics are pivotal for investors, real estate agents, and residents,... Read more
Property Crime Trends in Sebastian County, AR Over the Last 5 Years
Property crime trends in Sebastian County, Arkansas, show notable fluctuations over the past five years. While larceny-theft saw a peak in 2019 at 842 incidents, it significantly dropped to 225 by 2022. Burglary followed a similar pattern, peaking in 2020 with 89 cases but decreasing to 67 by 2022. Motor vehicle theft, on the other hand, showed a gradual increase, reaching its high point of 33 cases in 2022. Interestingly, crimes like arson and fraud remained relatively low and stable throughout these years. These trends are crucial for investors, real estate agents, and residents, as they directly impact property valuations, insurance premiums, and overall community safety perceptions in the county.
Demographics
The demographic composition in Sebastian County, Arkansas reveals a moderately balanced gender ratio with slightly more females than males. Education-wise, high school graduates form the largest group, yet many residents have pursued some college education or higher. This implies a population striving for more academic qualifications despite some not completing degrees. Age distribution shows a fairly even spread across various age groups, particularly those under 10 years and young adults aged... Read more
Race Distribution in Sebastian County, Arkansas (2022)
Educational Attainment in Sebastian County, Arkansas (2022)
Age Distribution in Sebastian County, Arkansas
Citizen Population in Sebastian County, Arkansas (2022)
Political Trends & Data
Sebastian County, Arkansas likely leans heavily Republican, with around 66% of the vote favoring the party in the 2020 Presidential Election. The Democratic Party garnered just over 30%, with Libertarian, Green, and other minor parties making up a small fraction of the votes. This data might suggest a deeply rooted conservative base, reflecting broader trends in similar regions within... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sebastian County, Arkansas likely leans heavily Republican, with approximately 66% of the vote going to the party in the 2020 Presidential Election. The Democratic Party received just over 30%, while Libertarian and Green parties along with other minor parties made up a small fraction of the votes. This data might suggest a strong conservative base in Sebastian County, reflecting broader trends often seen in similar regions within Arkansas.
66.18% of voters voted for the Republican party in the 2020 Presidential Election
30.73% of voters voted for the Democrat party in the 2020 Presidential Election
1.71% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
1.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Sebastian County, Arkansas has hovered around the national average of 14 students per teacher over the last decade, with a peak of 15 in 2019 before stabilizing back to near 14 by 2023. These fluctuations in educational resources could influence family relocation decisions, indirectly impacting property values and marketability. Understanding this trend can provide valuable insights for investors and real estate professionals eyeing the... Read more
Student-to-teacher ratio in Sebastian County, Arkansas over the last 10 years
The student-to-teacher ratio in Sebastian County, Arkansas has mostly hovered around the national average of 14 students per teacher over the last decade, with slight fluctuations. Notably, there was a peak in 2019 reaching 15, but it has since stabilized back to around 14 by 2023. Changes in this ratio could impact educational outcomes and resource allocation, making the area potentially appealing or unattractive for families considering relocation. For investors and real estate agents, understanding these trends could shed light on the area's educational quality, indirectly affecting property values and marketability.
