New Madrid County Real Estate and Livability Trends
In New Madrid County, Missouri, notable trends include rising average taxable income, with a steady climb from $42,920.06 in 2013 to $52,363.20 in 2021, suggesting economic growth that could attract upscale property investments. Median home values saw moderate gains, from $73,100 in 2015 to $93,400 in 2022, though still below state and national averages, indicating potential for higher real... Read more
New Madrid County Market Trends
New Madrid County, Missouri has seen moderate growth in median home values, rising from $73,100 in 2015 to $93,400 in 2022, yet still remains notably below both state and national averages. The county's residential energy tax credits have shown significant variability, with peaks in 2017 and a major surge in 2021, hinting at fluctuating investments in energy-efficient home improvements. Real... Read more
Median Value of Occupied Housing Units in New Madrid County, Missouri Over the Last 8 Years
New Madrid County, Missouri has experienced moderate median home value growth over the past eight years, starting at $73,100 in 2015 and climbing to $93,400 in 2022. This steady rise still places New Madrid County's median home values significantly below both Missouri's, which saw values jump from $138,400 to $199,400, and the national average, which increased from $125,500 to $179,400 in the same period. This suggests that buyers and investors looking for affordable real estate options might find promising opportunities in New Madrid County, especially given the relatively lower price points compared to state and national levels.
Residential Energy Tax Credit Per Tax Return in New Madrid County, MO Over the Last 8 Years
In New Madrid County, Missouri, the residential energy tax credit per tax return has shown variability over the last eight years, with notable peaks in 2017 ($400.00) and a significant surge in 2021 ($1,150.00). This fluctuation suggests changing investment in energy-efficient home improvements, which could be influenced by evolving state incentives or energy costs. Such trends are essential for investors and real estate agents to monitor as they may impact property valuations and demand. For those in the insurance and appraisal sectors, understanding these shifts can help anticipate changes in property upgrade patterns and potential risk profiles.
Average Real Estate Taxes Per Tax Return in New Madrid County, MO Over the Last 10 Years
Real estate taxes in New Madrid County, Missouri, have seen a notable increase over the last decade, climbing from $1202.35 in 2012 to a high of $1884.62 in 2020. This trend could suggest rising property values and potentially increased demand in the area, making it a point of interest for investors and real estate agents. For insurance agents and appraisers, these rising taxes might indicate changes in property assessments, while potential residents should consider how these costs could impact their budgets.
Percentage of Farm Returns in New Madrid County, MO Over the Last 10 Years
Over the last decade, the percentage of farm returns in New Madrid County, Missouri, has shown a consistent yet small fluctuation, staying mostly around 3.3% to 3.9%. This might suggest some stability in agricultural activities but also hints at potential pressures on farming profitability. Understanding farm returns is crucial as it highlights the income and financial viability of the farming sector in the area, serving as a key indicator for investors and property developers evaluating long-term agricultural sustainability and economic growth. These insights could influence decisions related to land use, investment opportunities, and local economic policies.
Number of Mortgages by Occupancy Type in New Madrid County, MO Over the Last 5 Years in New Madrid County
Mortgages for principal residences in New Madrid County, Missouri have fluctuated, peaking in 2021 with 537 while investment properties and second residences saw minimal changes, with investment properties nearly flatlining and second residences remaining very low. Changes in occupancy types illustrate market stability or shifts, significant for investors analyzing rental potentials and for residents understanding market saturation. Real estate agents can derive insights on demand trends, while appraisers and insurance agents must adapt valuation and risk assessment strategies accordingly.
Economic Outlook
In New Madrid County, Missouri, the average taxable income per tax return has steadily risen from $42,920.06 in 2013 to $52,363.20 in 2021, indicating potential economic growth and increasing wealth among residents. Real estate investors may find this trend appealing as it could signal higher demand for upscale properties. Meanwhile, state and local income taxes have fluctuated significantly, peaking at $9,166.67 in 2021. The variability in tax obligations suggests a dynamic economic landscape... Read more
Average Taxable Income per Tax Return in New Madrid County, MO over the last 9 years
In New Madrid County, Missouri, the average taxable income per tax return has gradually increased over the past nine years, with a notable rise from $42,920.06 in 2013 to $52,363.20 in 2021. This upward trend, especially the significant jumps from 2018 onwards, could indicate a healthier local economy and increasing wealth among residents. For potential investors and real estate agents, this trend might suggest a growing demand for higher-value properties. Insurance agents and appraisers may also notice this shift as it can impact coverage values and risk assessments.
Average State and Local Income Taxes Per Tax Return in New Madrid County, MO Over the Last 10 Years
Over the past decade, state and local income taxes per tax return in New Madrid County, Missouri have seen significant fluctuations. Notably, there's an initial increase from 2012's $4,975.28 to a peak of $9,166.67 in 2021. Years like 2018 and 2021 suggest unusual spikes, potentially pointing to economic changes or policy impacts affecting local taxpayers. For those considering investments or relocating to the area, the potential for unpredictable tax obligations is a factor worth considering.
Average Total Tax Liability Per Tax Return in New Madrid County, MO Over the Last 10 Years
Over the last decade, average total tax liability per tax return in New Madrid County, Missouri has demonstrated a generally upward trend with a few fluctuations. Notably, the tax liability per return peaked at $7,404.46 in 2021, up from $6,806.71 in 2012. This increase suggests a potential rise in income or economic activity that could attract investors and property developers. The year 2018 saw a dip to $6,537.53, but subsequent years showed recovery. These trends might be of interest for real estate agents and insurance agents assessing the financial health and growth potential of the region.
Cost of Living in New Madrid County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $929 | $1,383 | $2,576 | $820 | $1,185 |
| 1 adult 4 children | $929 | $1,130 | $1,975 | $820 | $1,226 |
| 2 adults 3 children | $929 | $1,130 | $2,232 | $820 | $924 |
| 1 adult 3 children | $929 | $923 | $1,631 | $820 | $909 |
| 2 adults 2 children | $762 | $925 | $1,888 | $698 | $791 |
| 1 adult 2 children | $762 | $691 | $1,288 | $698 | $687 |
| 2 adults 1 child | $762 | $731 | $1,545 | $302 | $716 |
| 1 adult 1 child | $762 | $472 | $944 | $302 | $569 |
| 2 adults | $579 | $587 | $1,201 | $0 | $606 |
| 1 adult | $561 | $320 | $601 | $0 | $522 |
Safety trends & Data
New Madrid County, Missouri, has seen erratic property crime trends over the past five years, with burglary peaking at 13 cases in 2018 but dropping to 1 in 2020. Larceny-theft spiked to 40 cases in 2020, while motor vehicle theft rose from 1 incident in 2018 to 8 in 2021. Vandalism remains relatively steady. These trends could potentially influence investment decisions, property values, and insurance... Read more
Property Crime Trends in New Madrid County, MO Over the Last 5 Years
In New Madrid County, Missouri, property crime trends over the past five years reveal varying levels of incident rates. Burglary incidents show fluctuations, peaking in 2018 with 13 cases but dropping to just 1 in 2020. Larceny-theft has been notably erratic, with a significant spike to 40 cases in 2020 before dropping again. Motor vehicle theft saw an increase from 1 incident in 2018 to 8 in 2021. Vandalism remains relatively steady, with minor increases and decreases each year. These trends may influence investment decisions, property values, and insurance premiums in the county.
Demographics
New Madrid County, Missouri's demographics reveal intriguing patterns. The adult population shows a nearly balanced gender ratio, though females slightly outnumber males. Educational attainment indicates a strong preference for high school completion, while higher education degrees remain less common. The age distribution suggests a considerable senior population, with a steady number of residents aged 55 and above. Racially, the county is predominantly White, with a small but notable Black or... Read more
Race Distribution in New Madrid County, Missouri (2022)
Educational Attainment in New Madrid County, Missouri (2022)
Age Distribution in New Madrid County, Missouri
Citizen Population in New Madrid County, Missouri (2022)
Political Trends & Data
In New Madrid County, Missouri, the real estate market could be influenced by the area's apparent political leaning, as approximately 75% of voters may have supported the Republican party in the 2020 U.S. Presidential Election. This potential GOP stronghold might appeal to buyers or investors who value stability and predictability often associated with politically conservative regions. Residents and stakeholders might notice that limited Democratic support (about 24%) and negligible third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In New Madrid County, Missouri, voting trends from the 2020 U.S. Presidential Election suggest Republican dominance, with approximately 75% of the votes potentially leaning their way. Democrats may have garnered around 24%, indicating limited support in comparison. Minor parties, such as the Libertarian and Green parties, along with other affiliations, likely received negligible percentages, underscoring a probable two-party system stronghold in this region.
75.13% of voters voted for the Republican party in the 2020 Presidential Election
24.11% of voters voted for the Democrat party in the 2020 Presidential Election
0.59% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% of voters voted for the Green party in the 2020 Presidential Election
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
New Madrid County, Missouri, has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher over the last decade. With the ratio fluctuating between a low of 9 and a high of 11, currently around 10, smaller class sizes offer a more personalized educational experience. This trend might attract families prioritizing individualized attention in education and could be appealing for real estate investors and local educational appraisers assessing the... Read more
Student-to-teacher ratio in New Madrid County, Missouri over the last 10 years
Over the last decade, New Madrid County, Missouri has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher. The ratio fluctuated slightly, ranging from a low of 9 in 2016 and 2017 to a high of 11 in 2014. Recently, the ratio has hovered around 10 students per teacher. This trend could indicate smaller class sizes, which might appeal to families prioritizing individualized attention in education. For potential real estate investors, families considering a move, or local educational appraisers, this lower student-to-teacher ratio might suggest a robust educational environment well-positioned to offer more personalized instruction compared to other regions.
