Chickasaw County Real Estate and Livability Trends
Chickasaw County, Mississippi has shown an increase in median home values from $63,400 in 2015 to $88,000 in 2022, which, although rising, still lags behind state and national averages. The steady increase in average taxable income, with figures climbing from $34,394.49 in 2013 to $45,979.86 in 2021, could suggest growing economic opportunities, potentially attracting investors. Residential... Read more
Chickasaw County Market Trends
Over the last eight years, median home values in Chickasaw County, Mississippi have increased from $63,400 in 2015 to $88,000 in 2022. Despite this rise, values remain much lower than both the state and national medians, possibly marking Chickasaw County as an undervalued opportunity. Additionally, residential energy tax credits have surged from $362.50 in 2013 to $1,461.90 in 2021, suggesting... Read more
Median Value of Occupied Housing Units in Chickasaw County, Mississippi Over the Last 8 Years
Over the last 8 years, median home values in Chickasaw County, Mississippi have trended upward from $63,400 in 2015 to $88,000 in 2022. Though the increase is steady, Chickasaw County's home values remain significantly lower than both the state median of $151,000 and the national median of $179,400 for 2022. This relatively lower cost could be attractive for prospective homeowners or investors seeking more affordable property options in a rising market, potentially marking the county as an undervalued opportunity within Mississippi.
Residential Energy Tax Credit Per Tax Return in Chickasaw County, MS Over the Last 9 Years
Residential energy tax credits in Chickasaw County, Mississippi have shown a generally upward trend over the past nine years, starting from $362.50 in 2013 and increasing to $1,461.90 in 2021. This increase could suggest growing investment in energy-efficient home improvements, potentially making the area more attractive for eco-conscious buyers. For real estate agents and appraisers, the upward trend in tax credits may signal a rising valuation of properties due to energy-efficient upgrades. Insurance agents might also note the trend for potential impact on claims and policies related to green home improvements.
Average Real Estate Taxes Per Tax Return in Chickasaw County, MS Over the Last 10 Years
Chickasaw County, Mississippi shows a noticeable increase in average real estate taxes over the past decade, with significant jumps particularly around 2017-2018. The taxes started at $1,418.75 in 2012 and reached $2,427.78 by 2021, peaking at $2,542.86 in 2020. Potential investors and property developers might see this as a key factor to consider, indicating varying but generally upward trends in property tax burdens. Such data could be crucial for appraisers and insurance agents assessing property values and risk models, as well as real estate agents advising clients on long-term holding costs and market shifts.
Percentage of Farm Returns in Chickasaw County, MS Over the Last 10 Years
The percentage of farm returns in Chickasaw County, Mississippi over the last decade fluctuated, with a low of 5.40% in 2012 and a peak near 5.93% in 2019. These changes might suggest a potentially stable yet slightly growing small-scale farming community, making it an intriguing area for prospective agricultural investors and new farmers. Understanding these farm tax returns can reveal the economic health and viability of farming as a sector in the county, offering insight into property values and community sustainability for those looking to invest, move, or build in the area.
Number of Mortgages by Occupancy Type in Chickasaw County, MS Over the Last 5 Years in Chickasaw County
Over the last five years in Chickasaw County, Mississippi, there has been a noticeable dominance of mortgages issued for principal residences, with numbers fluctuating between 387 and 523 annually. Mortgages for investment properties and second residences, while present, have maintained significantly lower counts, typically not exceeding 20 per year. This trend is critical as it implies a stable demand for primary residences, making the county a potentially stable market for new homebuyers and residential investments. For appraisers, understanding that the majority of the market is driven by primary residences helps in valuation, while insurance agents should recognize the lower prevalence of properties purchased for rental or vacation purposes, which might imply lower associated risks. Real estate agents and investors might find this data useful in tailoring their marketing and investment strategies to the predominant homebuyer demographic.
Economic Outlook
In Chickasaw County, Mississippi, the average taxable income per tax return has risen steadily from about $34,394.49 in 2013 to $45,979.86 in 2021, with a notable $4,000 increase between 2020 and 2021. This pattern might suggest growing economic opportunities or an increase in overall wealth, which could be appealing for investors and real estate agents. Meanwhile, fluctuating state and local income taxes, peaking at $5,967.86 in 2019 and dipping to $4,068.97 in 2020, reflect potential economic... Read more
Average Taxable Income per Tax Return in Chickasaw County, MS over the last 9 years
In Chickasaw County, Mississippi, the average taxable income per tax return has been on a steady incline over the past nine years. From 2013 to 2021, figures have increased from about $34,394.49 to approximately $45,979.86. Noteworthy is the spike seen between 2020 and 2021, where the average income jumped by over $4,000. This upward trend might suggest a rise in economic opportunities or overall wealth in the area, a factor potentially enticing to investors, real estate agents, and those considering relocation. Even insurance agents and appraisers might find this trend beneficial when assessing property values and risk.
Average State and Local Income Taxes Per Tax Return in Chickasaw County, MS Over the Last 10 Years
The average state and local income taxes per tax return in Chickasaw County, Mississippi have generally increased over the past decade, showing a peak in 2019 at $5,967.86 and a noticeable dip in 2020 to $4,068.97. This upward trend suggests a growing tax burden which might impact financial planning for potential investors or residents. It's worth noting the variability, with occasional significant fluctuations like in 2021, indicating potential economic shifts or policy changes affecting taxpayers.
Average Total Tax Liability Per Tax Return in Chickasaw County, MS Over the Last 10 Years
Chickasaw County, Mississippi has witnessed varying tax liabilities per return over the past decade, hinting at economic fluctuations. Notably, the average total tax liability per return jumped from $4,837.50 in 2012 to $6,331.11 in 2021, with a peak in 2015 at $5,946.72. This rise suggests potentially increasing incomes or changing tax policies. These shifts could be key for those investing in property, assessing insurance premiums, or evaluating the region's economic health. Understanding these trends helps clarify the financial climate and can inform decisions about living, investing, or building in Chickasaw County.
Cost of Living in Chickasaw County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,043 | $1,335 | $1,877 | $490 | $836 |
| 1 adult 4 children | $1,043 | $1,090 | $1,400 | $490 | $863 |
| 2 adults 3 children | $1,043 | $1,091 | $1,646 | $490 | $676 |
| 1 adult 3 children | $1,043 | $890 | $1,169 | $490 | $659 |
| 2 adults 2 children | $766 | $893 | $1,416 | $432 | $602 |
| 2 adults 1 child | $766 | $706 | $1,185 | $243 | $618 |
| 1 adult 2 children | $766 | $667 | $938 | $432 | $519 |
| 1 adult 1 child | $766 | $456 | $708 | $243 | $516 |
| 2 adults | $582 | $567 | $955 | $0 | $571 |
| 1 adult | $578 | $309 | $477 | $0 | $522 |
Safety trends & Data
Chickasaw County, Mississippi has experienced variable property crime trends over the past three years. Burglary incidents rose from two in both 2020 and 2021 to three in 2022. Larceny-theft peaked at four cases in 2021 before falling to just one in 2022. Forgery and counterfeiting appeared only in 2021 with three instances. These shifts could be key for real estate investors, appraisers, and insurance agents aiming to gauge property risks and market dynamics in the... Read more
Property Crime Trends in Chickasaw County, MS Over the Last 3 Years
Chickasaw County, Mississippi has seen various property crime trends over the last three years, with a notable fluctuation in burglary incidents, maintaining a slightly increasing pattern from two incidents each in 2020 and 2021, to three in 2022. Larceny-theft saw a spike in 2021 with four cases before dropping to just one in 2022. Forgery and counterfeiting emerged exclusively in 2021 with three instances. These data points might be crucial for potential investors, appraisers, and insurance agents looking to better understand property risks and real estate dynamics in the area.
Demographics
Chickasaw County's adult population shows a slight female majority. The area features a relatively high proportion of residents with only a high school diploma or some college education. The age distribution reveals a balanced spread across different age groups, although there might be a slight dip in young adults aged 15-24. The racial composition is predominantly White and Black or African American, with very minimal representation from other... Read more
Race Distribution in Chickasaw County, Mississippi (2022)
Educational Attainment in Chickasaw County, Mississippi (2022)
Age Distribution in Chickasaw County, Mississippi
Citizen Population in Chickasaw County, Mississippi (2022)
Political Trends & Data
Chickasaw County, Mississippi, displayed a mild Republican preference in the 2020 U.S. Presidential Election, with approximately 51.3% of votes for the GOP. Democrats garnered about 46.8% of the votes, highlighting a closely contested political environment. Notably, third-party candidates captured just over 1.8% of the vote, suggesting a modest but existent interest in alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Chickasaw County, Mississippi, showed a slight Republican lean in the 2020 U.S. Presidential Election, with roughly 51.3% of votes going to the Republican party. Democrats secured around 46.8% of the vote, indicating a competitive two-party dynamic. Third-party candidates, including Libertarian and Green, captured a minor portion of the electorate, collectively accumulating just over 1.8% of the vote. This suggests that while Chickasaw County primarily aligns with major party candidates, there's a small yet present interest in alternative political voices.
51.28% of voters voted for the Republican party in the 2020 Presidential Election
46.80% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
0.88% of voters voted for the Other party in the 2020 Presidential Election
School Data
Chickasaw County, Mississippi has seen its student-to-teacher ratio drop significantly in recent years, with a low of 8 in 2023, well below the national average of 14. This trend could indicate smaller class sizes, potentially offering more individualized attention for students, making the area more attractive to families. Real estate agents might leverage this as a selling point, while appraisers and developers could find it useful for understanding community needs and... Read more
Student-to-teacher ratio in Chickasaw County, Mississippi over the last 10 years
Chickasaw County, Mississippi has seen a fluctuating student-to-teacher ratio over the past decade, with values ranging from a low of 8 in 2023 to a high of 16 in 2016. Interestingly, recent years have shown a steady decline, positioning the county's student-to-teacher ratio well below the current national average of 14 students per teacher. This trend might indicate smaller class sizes, potentially leading to more individualized attention for students, which could be appealing for families moving to the area. Investors and real estate agents could view this as a selling point, whereas insurance agents might consider the stability or changes in the local education sector's demographics. Additionally, appraisers and those involved in property development may find these insights useful for assessing community needs and values.
