Bolivar County Real Estate and Livability Trends
Bolivar County, Mississippi, has experienced notable economic shifts with average taxable income per tax return peaking at $51,652.93 in 2021. Real estate market trends show median home values rising from $85,100 in 2015 to $118,200 in 2022, indicating relatively affordable opportunities compared to state and national medians. Property taxes have been on an upward trajectory, mirroring increased... Read more
Bolivar County Market Trends
Over the past eight years, Bolivar County, Mississippi has seen median home values rise from $85,100 in 2015 to $118,200 in 2022. This growth rate falls below the median values across Mississippi and nationwide, suggesting Bolivar County might offer more affordable opportunities. Residential energy tax credits have fluctuated, indicating evolving incentives or investments in energy-efficient... Read more
Median Value of Occupied Housing Units in Bolivar County, Mississippi Over the Last 8 Years
Over the past eight years, Bolivar County, Mississippi has seen median home values rise from $85,100 in 2015 to $118,200 in 2022. This growth rate, while significant, falls below the rising median values across Mississippi and nationwide. By 2022, the county's median home value was still noticeably lower than Mississippi's $151,000 and the national median of $179,400. For potential investors and homeowners, this suggests that Bolivar County may offer more affordable opportunities compared to other regions, making it a potentially attractive market for those looking to capitalize on lower entry costs.
Residential Energy Tax Credit Per Tax Return in Bolivar County, MS Over the Last 9 Years
In Bolivar County, Mississippi, the average residential energy tax credit per tax return has shown some notable fluctuations over the past nine years. Starting at $289.47 in 2013, there was a sharp increase to $1,460.00 by 2018, with values generally staying above $400.00 in subsequent years, reaching $652.63 in 2021. This variability could suggest evolving local or state incentives and possibly increasing investments in energy-efficient home improvements. For investors, appraisers, insurance agents, and real estate professionals, these trends may indicate growing homeowner interest in reducing energy costs and enhancing property value through sustainable practices.
Average Real Estate Taxes Per Tax Return in Bolivar County, MS Over the Last 10 Years
In Bolivar County, Mississippi, the average real estate taxes per tax return have steadily increased over the past decade. Starting at approximately $1,968.39 in 2012, the taxes saw a significant rise, reaching an average of $3,725.00 in 2020 before slightly decreasing to $3,359.62 in 2021. This notable upward trend suggests a growing financial demand on properties, which could impact decisions for investors, property builders, insurance agents, and those considering relocation. Higher taxes might reflect an appreciation in property values or changes in local tax policies, shaping the economic landscape and potential returns on investment.
Percentage of Farm Returns in Bolivar County, MS Over the Last 10 Years
Farm tax returns, as shown in Bolivar County, Mississippi over the last decade, display a generally stable trend with slight fluctuations. Key observations include a minor peak in 2017 at 2.01%, and a dip in 2020 to 1.68%, suggesting slight variability in agricultural economic activity. This data could imply that while farming remains a steady sector, potential investors and residents should stay informed about subtle shifts, reflecting broader regional agricultural investment or economic conditions. For those interested in building property or moving to the area, these numbers might indicate a stable but cautious economic environment in the farming sector.
Number of Mortgages by Occupancy Type in Bolivar County, MS Over the Last 5 Years in Bolivar County
In Bolivar County, Mississippi, over the last five years, principal residence mortgages have consistently represented the majority, peaking notably in 2021 with 864 mortgages. Investment property mortgages saw a decline from a high of 91 in 2018 to 61 in 2021, and second residences remained relatively stable but minimal throughout. These shifts in occupancy type might suggest changing investment appetites or living preferences in the county, potentially impacting local real estate values and market dynamics. For investors, understanding these trends could signal opportunities or cautions; for real estate agents and appraisers, the emphasis on principal residences highlights the demand for primary housing.
Economic Outlook
Bolivar County, Mississippi has shown an upward trend in average taxable income per tax return over the past nine years, peaking at $51,652.93 in 2021 despite minor dips like those in 2017 and 2020 possibly due to the COVID-19 pandemic. State and local income taxes have been variable but saw a high of $8,083.70 in 2012 and $7,698.15 in 2021, with a notable low in 2016 at $4,690.00. The average total tax liability per tax return hit a peak of $10,682.80 in 2012 but then stabilized around... Read more
Average Taxable Income per Tax Return in Bolivar County, MS over the last 9 years
Over the past nine years, Bolivar County in Mississippi has seen fluctuations in the average taxable income per tax return, though the overall trend appears to be upward. Starting from $40,108.25 in 2013, the income saw consistent increases until a peak of $51,652.93 in 2021, indicating potential growth in the local economy. However, there were slight dips in 2017 and more notably in 2020, which could be attributed to various economic factors including the impacts of the COVID-19 pandemic. Investors, real estate agents, and potential residents should take note of this general increase in income as it could signify strengthening economic prospects within the region.
Average State and Local Income Taxes Per Tax Return in Bolivar County, MS Over the Last 10 Years
Bolivar County, Mississippi has seen fluctuations in state and local income taxes per tax return over the past decade, with peak values around $8,083.70 in 2012 and $7,698.15 in 2021, but a notable low of $4,690.00 in 2016. This variability might influence financial planning for those considering investments or relocations, as understanding potential tax liabilities is crucial. Investors and residents should account for these changing tax trends when evaluating the economic stability and fiscal policies of Bolivar County.
Average Total Tax Liability Per Tax Return in Bolivar County, MS Over the Last 10 Years
Over the past decade, Bolivar County, Mississippi has seen notable fluctuations in average total tax liability per tax return. Following a high of $10,682.80 in 2012, there was a sharp decline to $7,076.62 in 2013. Since then, tax liabilities have largely stabilized, hovering between $7,122.94 and $7,960.55, suggesting a more consistent economic landscape. This stability, punctuated by occasional increases, might indicate gradual economic growth or shifts in taxpayer income profiles. This information could be pivotal for real estate agents, investors, and insurance agents evaluating the area’s financial climate and economic potential.
Cost of Living in Bolivar County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $943 | $1,424 | $1,877 | $560 | $803 |
| 2 adults 3 children | $943 | $1,163 | $1,646 | $560 | $637 |
| 1 adult 4 children | $943 | $1,163 | $1,400 | $560 | $803 |
| 1 adult 3 children | $943 | $949 | $1,169 | $560 | $600 |
| 2 adults 2 children | $775 | $952 | $1,416 | $494 | $585 |
| 2 adults 1 child | $775 | $752 | $1,185 | $279 | $602 |
| 1 adult 2 children | $775 | $711 | $938 | $494 | $494 |
| 1 adult 1 child | $775 | $486 | $708 | $279 | $491 |
| 2 adults | $589 | $604 | $955 | $0 | $545 |
| 1 adult | $585 | $330 | $477 | $0 | $489 |
Safety trends & Data
In Bolivar County, Mississippi, property crime trends have fluctuated over the past four years. While larceny-theft remains the most common crime, peaking at 136.00 incidents in 2019 and slightly decreasing to 123.00 in 2022, burglary saw a notable spike in 2022 with 27.00 incidents, compared to just 3.00 in 2021. Vandalism incidents surged from 3.00 in 2019 to 24.00 in 2022, indicating a significant rise in property damage. Motor vehicle thefts slightly increased to 6.00 cases in 2022, and... Read more
Property Crime Trends in Bolivar County, MS Over the Last 4 Years
Property crime trends in Bolivar County, Mississippi show fluctuation over the past four years. Larceny-theft consistently remains the most common, peaking at 136.0 incidents in 2019 and slightly decreasing to 123.0 in 2022. Burglary has seen a marked increase, especially in 2022 with 27.0 incidents, compared to just 3.0 in 2021. Vandalism incidents more than doubled from 3.0 in 2019 to 24.0 in 2022, indicating a notable rise in property damage. Motor vehicle theft remains relatively low but slightly increased to 6.0 cases in 2022. Fraud rose significantly from 2.0 in 2021 to 10.0 in 2022, suggesting a growing concern. For potential investors, property developers, and residents, understanding these trends is crucial for making informed decisions about security measures and investment risks in the area.
Demographics
In Bolivar County, Mississippi, a slightly higher proportion of the population is female compared to male. Educational attainment varies, with a notable portion having at least a high school degree, but there's a significant fraction stopping their schooling before this point. Age distribution skews younger, with a substantial number of residents under 35, balancing out with a decent representation in the 55 to 64 bracket. Racial demographics indicate a predominantly Black or African American... Read more
Race Distribution in Bolivar County, Mississippi (2022)
Educational Attainment in Bolivar County, Mississippi (2022)
Age Distribution in Bolivar County, Mississippi
Citizen Population in Bolivar County, Mississippi (2022)
Political Trends & Data
In Bolivar County, Mississippi, the 2020 U.S. Presidential Election results revealed a marked Democratic lean, with about 65% of the votes going to the Democratic Party. The Republican Party trailed with roughly 34%, and minor parties made up less than 2%. This Democratic preference could potentially influence future local and national policy decisions and investment trends in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Bolivar County, Mississippi, the 2020 U.S. Presidential Election results show a notable leaning toward the Democratic Party, capturing around 65% of the votes. The Republican Party followed far behind with roughly 34%, while minor parties collectively garnered less than 2% of the vote. These results suggest a strong Democratic preference in the area, a trend that could be significant for future elections.
33.99% of voters voted for the Republican party in the 2020 Presidential Election
64.78% of voters voted for the Democrat party in the 2020 Presidential Election
0.35% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
0.74% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Bolivar County, Mississippi, has experienced fluctuating student-to-teacher ratios, peaking at 15 in 2018 and dropping to just over 11 in 2023. This recent trend of lower ratios compared to the national average of 14 could hint at smaller class sizes and more personalized attention for students, making the area appealing to families prioritizing education. These shifts are relevant for investors and real estate agents, as well as appraisers and insurance agents, as they... Read more
Student-to-teacher ratio in Bolivar County, Mississippi over the last 10 years
Over the last decade, Bolivar County, Mississippi has seen a fluctuating trend in its student-to-teacher ratio, with values peaking at 15 in 2018 and falling to just over 11 in 2023. Compared to the national average of 14 students per teacher, Bolivar County has recently maintained lower ratios, which could suggest smaller class sizes and potentially more personalized attention for students. This information could be particularly crucial for prospective investors and real estate agents, as lower student-to-teacher ratios might make the area more attractive to families seeking quality education for their children. For appraisers and insurance agents, these trends might reflect on community investments in education, potentially impacting property values and risk assessments.
