Mississippi Real Estate and Livability Trends

Mississippi's median home values have risen from $103,100 in 2015 to $151,000 in 2022, still more affordable than the national median of $179,400. This presents a potentially lucrative opportunity for homebuyers and investors seeking value in a growing market. Residential energy tax credits have seen fluctuations but ultimately increased from $494.13 in 2016 to $1,218.19 in 2018, reflecting more... investments in energy-efficient home improvements. Average real estate taxes per tax return in Mississippi have climbed from $1,905.41 in 2012 to $3,329.90 by 2021, impacting property costs and affordability. The proportion of farm tax returns has remained relatively stable around 3.2%, hinting at a steady agricultural economy. Read more

Mississippi's average taxable income per tax return has increased steadily from about $45,974.83 in 2013 to around $59,540.27 in 2021, with a significant jump between 2020 and 2021. This suggests potential economic growth or tax policy changes, which might imply higher purchasing power for residents. The state and local income taxes per tax return have also risen sharply, from roughly $4,853.61 in 2012 to $9,697.31 by 2021, particularly spiking between 2017 and 2018. This trend could affect... investment, relocation, and property development decisions. Additionally, a gradual rise in total tax liability per tax return, peaking at $9,311.46 in 2021, indicates increasing financial responsibilities for residents and could impact investment attractiveness and cost of living, prompting real estate agents to adapt their strategies. Read more

Over the past five years in Mississippi, property crime rates have generally decreased across several categories. Fraud, while still the most prevalent crime, dropped significantly from 6,936 incidents in 2018 to 3,967 in 2022. Arson cases also saw a decrease, from 384 in 2018 to 266 in 2022. Burglary and motor vehicle theft have remained relatively low and stable. These trends could suggest potentially lower insurance premiums and a perception of increasing safety, making the area more... appealing for new development and investment. Read more

In Mississippi, the adult population is nearly evenly split, with slightly more females than males. Educational attainment shows a significant portion with only high school diplomas, though a decent fraction hold bachelor's or higher degrees. Age distribution indicates a broad spread across all age brackets, with a notable number of individuals aged 55 to 64 years. As for racial composition, the state has a majority White population with a substantial Black or African American community, but... very few residents identify as Asian, Native American, or Pacific Islander. These trends reflect a diverse and variegated demographic landscape that carries implications for policymaking, educational focus, and community services. Read more

In Mississippi, Republican candidates likely have a considerable edge, securing around 58% of votes in the 2020 U.S. Presidential Election compared to Democratic candidates with approximately 41%. Third-party candidates, including Libertarian and Green, collectively capture a little over 1%, indicating that third-party influence is present but limited. This data suggests Mississippi remains predominantly bipartisan, leaning... Republican. Read more

Over the past decade, Mississippi's student-to-teacher ratios have fluctuated significantly, peaking at 15 students per teacher in 2016 before dropping below 11 by 2023. This shift diverges from the national average of 14, suggesting potentially more personalized education and higher teaching quality in the state. Such trends could be appealing for investors in school districts or those considering moving to Mississippi, possibly impacting property values and local appeal for appraisers,... insurance agents, and real estate agents. Read more