Alcorn County Real Estate and Livability Trends
Alcorn County, Mississippi has experienced significant economic and real estate developments. Average taxable income saw an increase from $41,751.91 in 2013 to $55,885.40 in 2021, indicating potential economic stability. Median home values surged from $84,800 in 2015 to $125,800 in 2022, while real estate taxes more than doubled, reaching $3,019.15 in 2021. Interestingly, the student-to-teacher... Read more
Alcorn County Market Trends
In Alcorn County, Mississippi, median home values have surged from $84,800 in 2015 to $125,800 in 2022, reflecting a notable rise in interest while still being more affordable compared to state and national levels. The average residential energy tax credit peaked at $933.33 in 2018, indicating a growing focus on energy-efficient home improvements. Meanwhile, average real estate taxes more than... Read more
Median Value of Occupied Housing Units in Alcorn County, Mississippi Over the Last 8 Years
In Alcorn County, Mississippi, median home values have seen an impressive trajectory, jumping from $84,800 in 2015 to $125,800 in 2022. This trend seems even more significant when compared to both state and national figures. Unlike the state of Mississippi, which started at $103,100 in 2015 and reached $151,000 in 2022, Alcorn County's relative affordability is clear but also shows a tightening gap. Nationally, the median values surged from $125,500 to $179,400 during the same period. These insights could indicate a potential for investment opportunities or increased interest in Alcorn County as home values steadily rise while still remaining below state and national averages.
Residential Energy Tax Credit Per Tax Return in Alcorn County, MS Over the Last 9 Years
Over the past nine years, Alcorn County, Mississippi, has seen fluctuating average residential energy tax credits per tax return, with a notable increase from $240.00 in 2013 to a peak of $933.33 in 2018. This trend may indicate a growing interest in energy-efficient home improvements, which could appeal to investors, appraisers, and real estate agents focusing on sustainable property growth. The trend also suggests possible shifts in local policies or market conditions influencing homeowners to capitalize on these credits. Understanding these patterns offers valuable insights for those considering moving to or investing in Alcorn County, as well as for insurance agents assessing risk and property values related to energy efficiency upgrades.
Average Real Estate Taxes Per Tax Return in Alcorn County, MS Over the Last 10 Years
Residents and investors in Alcorn County, Mississippi will notice a significant increase in average real estate taxes per tax return over the past decade. From $1,556.86 in 2012, the amount has seen a marked rise to $3,019.15 in 2021. Notably, the most substantial jumps occurred between 2016 and 2020, suggesting a climate of ascending property values or perhaps changes in local tax policies. This trend could be pivotal for real estate agents, appraisers, and potential homeowners evaluating long-term costs as it potentially reflects broader economic shifts and development within the county.
Percentage of Farm Returns in Alcorn County, MS Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Alcorn County, Mississippi has shown a gradual decline, starting at 3.63% in 2012 and dropping to 3.03% in 2021. Farm tax returns are filed by farming businesses to report their income, expenses, and other financial details, which in turn influence county revenue and economic conditions. This downturn in farm returns might imply economic shifts, possibly highlighting challenges or changes in the agricultural sector. For those keen on investing, building property, or just interested in local economic trends, this could indicate a shifting landscape in agricultural viability or priorities in Alcorn County.
Number of Mortgages by Occupancy Type in Alcorn County, MS Over the Last 5 Years in Alcorn County
Over the last five years, Alcorn County, Mississippi has seen varying trends in mortgage counts across three occupancy types: principal residences, investment properties, and second residences. Principal residences consistently dominate, experiencing a notable increase in 2021 with 1,234 mortgages. Investment properties, while significantly less frequent, show a gradual decline from 73 mortgages in 2019 to 55 in 2022. Second residences remain a minor segment, peaking modestly at 18 mortgages in 2021. These shifts in occupancy type can provide critical insights for those involved in Alcorn County's real estate market. Investors and developers, for instance, might reevaluate the profitability of investment properties, while insurance agents and appraisers can anticipate market demands and risks more accurately.
Economic Outlook
Alcorn County, Mississippi has shown a steady rise in average taxable income per tax return, from about $41,751.91 in 2013 to $55,885.40 in 2021, hinting at economic stability that may attract investors and new residents. Simultaneously, average state and local income taxes have more than doubled, reaching $11,192.86 in 2020, marking a notable shift likely to influence real estate investment decisions and cost of living considerations. The county’s total tax liabilities have also generally... Read more
Average Taxable Income per Tax Return in Alcorn County, MS over the last 9 years
Alcorn County, Mississippi has shown a steady increase in average taxable income per tax return over the past nine years. In 2013, the average was around $41,751.91 and has gradually risen to $55,885.40 in 2021. This consistent growth could be appealing to potential investors or those looking to move to the area, as it may indicate economic stability and potentially rising living standards. For real estate and property developers, this trend suggests a possibly increasing demand for housing and commercial spaces. Insurance agents and appraisers might also find this information useful for assessing risk and setting premiums.
Average State and Local Income Taxes Per Tax Return in Alcorn County, MS Over the Last 10 Years
Over the last decade, Alcorn County, Mississippi, has experienced a significant rise in average state and local income taxes per tax return. Starting at $4,726.59 in 2012, taxes steadily increased each year, peaking dramatically at $11,192.86 in 2020. This upward trend points to a growing fiscal demand, which could impact decisions on real estate investments and cost of living considerations for potential newcomers and current residents alike. Such a noticeable shift in tax rates might reflect broader economic changes in the region that investors and residents need to carefully evaluate.
Average Total Tax Liability Per Tax Return in Alcorn County, MS Over the Last 10 Years
Over the past decade, Alcorn County, Mississippi has seen fluctuating yet generally increasing trends in average total tax liability per tax return. Specific peaks occurred in 2017 and 2021, reaching approximately $7,457.41 and $7,882.17 respectively, indicating a substantial increase from the $6,144.99 observed in 2012. These trends suggest potential growth in both income levels and economic activities, which could be appealing for investors and real estate developers looking for emerging areas. With tax liabilities showing volatility but an upward trajectory, financial planners and insurance agents might find opportunities to optimize portfolios and coverage for residents.
Cost of Living in Alcorn County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,083 | $1,371 | $1,877 | $522 | $848 |
| 1 adult 4 children | $1,083 | $1,120 | $1,400 | $522 | $876 |
| 2 adults 3 children | $1,083 | $1,120 | $1,646 | $522 | $686 |
| 1 adult 3 children | $1,083 | $915 | $1,169 | $522 | $669 |
| 2 adults 2 children | $766 | $917 | $1,416 | $461 | $592 |
| 2 adults 1 child | $766 | $725 | $1,185 | $261 | $609 |
| 1 adult 2 children | $766 | $685 | $938 | $461 | $506 |
| 1 adult 1 child | $766 | $468 | $708 | $261 | $504 |
| 2 adults | $582 | $582 | $955 | $0 | $560 |
| 1 adult | $578 | $318 | $477 | $0 | $510 |
Safety trends & Data
Over the past three years, Alcorn County, Mississippi has shown fluctuating trends in property crime rates. Burglary incidents have notably decreased from 19 in 2020 to 3 in 2022, while larceny-theft cases surged from 58 in both 2020 and 2021 to 204 in 2022. Instances of vandalism and motor vehicle theft have slightly increased. New categories like embezzlement and forgery appeared in 2021 but not in 2022, highlighting shifting security concerns that might be crucial for potential investors,... Read more
Property Crime Trends in Alcorn County, MS Over the Last 3 Years
Over the past three years, Alcorn County, Mississippi has seen fluctuating trends in property crime rates. Burglary incidents have notably decreased from 19 in 2020 to 3 in 2022. However, larceny-theft cases dramatically surged, especially in 2022, jumping from 58 in both 2020 and 2021 to 204. Instances of vandalism and motor vehicle theft have slightly increased, though their numbers remain relatively low. It's worth noting that new categories such as embezzlement and forgery appeared in 2021 but were not reported in 2022. These trends might suggest varying risk factors and security concerns, crucial for potential investors, insurance agents, and real estate professionals assessing the area.
Demographics
In Alcorn County, Mississippi, the adult population distribution shows a slight female majority, with women constituting around 51.57% of adults. Educational attainment highlights some interesting discrepancies; a sizeable segment of the population holds only a high school diploma or less, pointing towards a potential need for better access to higher education. Age distribution data reveals a consistent spread across different age groups, though there is a noticeable peak in the 45 to 64 years... Read more
Race Distribution in Alcorn County, Mississippi (2022)
Educational Attainment in Alcorn County, Mississippi (2022)
Age Distribution in Alcorn County, Mississippi
Citizen Population in Alcorn County, Mississippi (2022)
Political Trends & Data
In Alcorn County, Mississippi, the 2020 U.S. Presidential Election results suggest a strong Republican preference, with Republicans capturing a significant majority of the votes. In contrast, Democratic support was relatively low, and minor parties like the Libertarian and Green parties received minimal backing. This distribution implies a predominantly Republican-leaning voter base with limited third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Alcorn County, Mississippi, the 2020 U.S. Presidential Election trends suggest a strong preference for Republican candidates, who captured a significant portion of the vote compared to other parties. While the Democratic vote share was noticeably lower, minor parties such as the Libertarian and Green parties garnered minimal support. This distribution hints at a heavily Republican-leaning electorate with limited influence from third-party movements.
81.16% of voters voted for the Republican party in the 2020 Presidential Election
17.62% 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
0.06% of voters voted for the Green party in the 2020 Presidential Election
0.42% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Alcorn County, Mississippi, the student-to-teacher ratio has hovered around the national average of 14:1 over the past decade, peaking at 15:1 between 2016 and 2018. Recently, the ratio has fallen to about 11:1 by 2023. Such shifts might attract families looking for better educational environments and could signal stability or growth opportunities in the area’s real estate market. Real estate agents, appraisers, and investors should consider these trends when making decisions or advising... Read more
Student-to-teacher ratio in Alcorn County, Mississippi over the last 10 years
Over the past decade, the student-to-teacher ratio in Alcorn County, Mississippi has fluctuated around the national average of 14 students per teacher. Notably, there was a rise from 2016 to 2018, peaking at approximately 15 students per teacher, which could suggest a period of increased student enrollment or a hiring lag for teachers. However, recent years show a decreasing trend, with the ratio dropping to about 11 students per teacher by 2023. These shifts could influence various stakeholders: real estate agents might find lower ratios a selling point to families, while appraisers and insurance agents could see these trends as indicators of stable or improving educational environments. For those looking to invest or build property, understanding these patterns might reveal opportunities for growth or potential market stability in educational infrastructure.
