Woodruff County Real Estate and Livability Trends
Woodruff County, Arkansas, has seen a surge in median home values from $60,000 in 2015 to $96,100 in 2022—a rise that seems to outpace both state and national trends. Coupled with a noticeable increase in residential energy tax credits from $166.67 in 2014 to $650.00 in 2021, these shifts suggest a growing focus on energy-efficient upgrades. Real estate taxes have climbed, reflecting either... Read more
Woodruff County Market Trends
Woodruff County, Arkansas, has experienced a notable climb in median home values, jumping from $60,000 in 2015 to $96,100 in 2022—a percentage increase that outpaces both state and national averages. Residential energy tax credits have surged from $166.67 in 2014 to $650.00 in 2021, highlighting a shift toward energy-efficient upgrades. Real estate taxes have also risen, suggesting higher... Read more
Median Value of Occupied Housing Units in Woodruff County, Arkansas Over the Last 8 Years
Over the past eight years, Woodruff County, Arkansas, has seen a steady increase in median home values, starting from $60,000 in 2015 and reaching $96,100 in 2022. This growth is significant compared to both state and national levels. In contrast, Arkansas statewide saw values rise from $111,400 to $162,400, while national figures went from $125,500 to $179,400 over the same period. This substantially higher percentage increase in Woodruff County could suggest emerging opportunities for investors and homebuyers seeking more affordable yet rapidly appreciating properties.
Residential Energy Tax Credit Per Tax Return in Woodruff County, AR Over the Last 5 Years
Woodruff County, Arkansas has seen a rising trend in residential energy tax credits, jumping from $166.67 in 2014 to $650.00 in 2021. This significant uptick indicates growing investments in energy-efficient home upgrades. Potential investors and residents should note this trend as a marker of increasing environmental consciousness and likely future tax incentives.
Average Real Estate Taxes Per Tax Return in Woodruff County, AR Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Woodruff County, Arkansas, have generally trended upward, starting at around $733.33 in 2012 and rising to $1,175.00 by 2021. Notable fluctuations include a spike to $1,009.09 in 2016 and an even more significant increase to $1,200.00 in 2020. These trends could signal growing property values or shifts in tax policies, making it essential for potential investors and residents to factor in these rising costs when considering property in the region.
Percentage of Farm Returns in Woodruff County, AR Over the Last 10 Years
The percentage of farm returns in Woodruff County, Arkansas has shown slight fluctuations over the past decade, generally hovering around the 4.00% to 4.74% mark. Despite minor dips, the overall trend suggests a steady involvement in farm-related activities. Farm tax returns, which refer to documented income and expenses from farming operations for tax purposes, provide valuable insights into the agricultural health and economic contribution of the area. Hence, this somewhat consistent percentage may imply stable agricultural investment opportunities and community reliance on farm income, making Woodruff County potentially attractive for those interested in agrarian investments, relocating for farm-related business, or understanding the local economy.
Number of Mortgages by Occupancy Type in Woodruff County, AR Over the Last 5 Years in Woodruff County
Woodruff County, Arkansas, has shown varied trends in the number of mortgages by occupancy type over the past five years. Principal residences consistently dominate the mortgage market, with particularly strong activity noted in 2021. Investment properties have seen slight fluctuations but remain relatively steady. Second residences remain a small but consistent part of the market. For investors and developers, changes in the dominance of principal residences may indicate a stable demand for primary housing, while the consistency of second residences suggests modest but steady demand for vacation or secondary homes. Real estate agents and insurance agents could find these insights valuable for anticipating client needs and market direction.
Economic Outlook
Woodruff County, Arkansas has experienced notable up-and-down movements in average taxable income, which fell from $38,262.63 in 2013 to $34,448.08 in 2016 but then surged to $49,108.98 by 2021. This rebound could imply a strengthening local economy or better job markets. Additionally, average state and local income taxes per tax return showed peaks in 2013, 2015, 2019, and a sharp rise in 2021, hitting $10,833.33, reflecting complex local economic conditions and tax policies. These trends in... Read more
Average Taxable Income per Tax Return in Woodruff County, AR over the last 9 years
Woodruff County, AR has seen a noticeable fluctuation in average taxable income per tax return over the past nine years. After a dip from $38,262.63 in 2013 to $34,448.08 in 2016, there was a significant rebound, hitting $49,108.98 in 2021. The recent upward trend might indicate a growing economy or improved employment opportunities, making the area potentially attractive for investment, relocation, or development.
Average State and Local Income Taxes Per Tax Return in Woodruff County, AR Over the Last 10 Years
The fluctuations in Woodruff County's average state and local income taxes per tax return over the past decade highlight significant variability, with notable peaks observed in 2013, 2015, 2019, and a striking increase in 2021, reaching $10,833.33. These changes suggest a complex interplay between local economic conditions and tax policies, which can impact the financial stability and planning for residents. Understanding these trends is crucial for potential movers and current residents aiming to assess their long-term financial commitments and the tax environment's impact on their disposable income.
Average Total Tax Liability Per Tax Return in Woodruff County, AR Over the Last 10 Years
Woodruff County, Arkansas has seen fluctuations in average total tax liability per tax return over the last decade, with a low of $5,591.77 in 2018 and peaking at $7,096.26 in 2021. Despite the dips, the general trend shows a recent increase, suggesting a rise in either incomes or tax rates, likely impacting budget planning for those considering moving, investing, or building property in this area. This dynamic shift is essential for prospective investors and residents looking to evaluate their financial outlook and tax obligations.
Cost of Living in Woodruff County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $951 | $1,319 | $1,862 | $966 | $982 |
| 1 adult 4 children | $951 | $1,077 | $1,425 | $966 | $1,117 |
| 2 adults 3 children | $951 | $1,078 | $1,616 | $966 | $774 |
| 1 adult 3 children | $951 | $880 | $1,178 | $966 | $830 |
| 2 adults 2 children | $720 | $882 | $1,369 | $839 | $672 |
| 1 adult 2 children | $720 | $659 | $931 | $839 | $620 |
| 2 adults 1 child | $720 | $697 | $1,122 | $426 | $640 |
| 1 adult 1 child | $720 | $450 | $684 | $426 | $555 |
| 2 adults | $547 | $560 | $875 | $0 | $524 |
| 1 adult | $539 | $305 | $438 | $0 | $494 |
Safety trends & Data
Property crime in Woodruff County, Arkansas has seen notable fluctuations over the past five years, with burglary dropping from 9 incidents in 2018 to just 1 in 2020 and 2022. Larceny-theft remains a persistent issue, varying between 1 to 7 incidents annually. Sporadic occurrences of fraud and vandalism have been reported. The general decline in burglary and steady rates of other property crimes could influence investment and insurance decisions, potentially affecting appraisals and... Read more
Property Crime Trends in Woodruff County, AR Over the Last 5 Years
Property crime in Woodruff County, Arkansas has seen notable fluctuations over the past five years. In 2018, burglary was relatively high with 9 incidents, but dropped significantly to just 1 in 2020 and 2022. Larceny-theft remained a persistent issue, peaking at 7 incidents in 2019, then hovering around 1-6 annually. Fraud and vandalism appeared sporadically, each reporting limited incidents. The data reflects a general decline in burglary and a somewhat steady rate in other property crimes, which could influence investment and insurance decisions. These trends might also affect appraisals and indicate potential focus areas for real estate agents and developers.
Demographics
Woodruff County, Arkansas shows a slightly larger female population compared to males, roughly balanced yet notable. High school graduation is prevalent, though higher education beyond that tails off significantly. The age distribution skews older, with a noticeable bulge in the 55-74 year range, suggesting a sizable senior demographic. Racially, the county is predominantly White, but there's a significant Black or African American representation. This data hints at a community with mature,... Read more
Race Distribution in Woodruff County, Arkansas (2022)
Educational Attainment in Woodruff County, Arkansas (2022)
Age Distribution in Woodruff County, Arkansas
Citizen Population in Woodruff County, Arkansas (2022)
Political Trends & Data
Woodruff County, Arkansas, leaned significantly towards the Republican Party in the 2020 U.S. Presidential Election, capturing about 62% of the votes. The Democratic Party trailed with roughly 35%, and minor parties garnered minimal support. This tendency could hint at a prominent Republican influence, offering insights into the political and cultural landscape of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Woodruff County, Arkansas, the 2020 U.S. Presidential Election saw a leaning towards the Republican Party, which captured approximately 62% of the votes. The Democratic Party followed with around 35%, while the Libertarian and Green Parties garnered minimal support, each below 1%. The remainder of the votes went to other minor parties. These figures might suggest a strong Republican presence in this region, highlighting potential political and cultural inclinations.
62.32% of voters voted for the Republican party in the 2020 Presidential Election
34.57% of voters voted for the Democrat party in the 2020 Presidential Election
0.57% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
2.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
Woodruff County, Arkansas, consistently boasts a lower student-to-teacher ratio than the national average, hovering around 10 students per teacher and even dropping to 9 in recent years. This trend suggests smaller class sizes, potentially offering more personalized attention and better educational outcomes. Families considering relocation, real estate agents, and appraisers may find this an appealing selling point, signaling quality education that could add value to residential... Read more
Student-to-teacher ratio in Woodruff County, Arkansas over the last 10 years
Woodruff County, Arkansas, shows a consistent trend of maintaining a lower student-to-teacher ratio compared to the national average of 14 students per teacher. Over the past decade, the ratio fluctuated but generally stayed around 10 students per teacher, even dipping as low as 9 in recent years. These lower ratios may suggest smaller class sizes, potentially leading to more personalized attention and improved educational outcomes for students. This information might be particularly relevant for families considering a move to the area, as well as real estate agents and appraisers who can promote this factor as a selling point. For those investing or planning to build property, emphasizing the quality of education in local schools may add value to residential projects.
