Choctaw County Real Estate and Livability Trends
Choctaw County, Mississippi has emerged as a compelling real estate market with rising median home values from $70,300 in 2015 to $104,200 in 2022, offering affordability relative to state and national benchmarks. The steady population growth, underscored by increasing principal residence mortgages especially in 2020 and 2021, may indicate an evolving residential landscape. The average... Read more
Choctaw County Market Trends
Choctaw County, Mississippi, has seen median home values rise from $70,300 in 2015 to $104,200 in 2022, offering a more affordable entry point compared to the state and national averages of $151,000 and $179,400, respectively. The average residential energy tax credit saw a sharp increase from $337.50 to $1,263.16 between 2013 and 2021, highlighting a trend towards energy-efficient investments... Read more
Median Value of Occupied Housing Units in Choctaw County, Mississippi Over the Last 8 Years
In Choctaw County, Mississippi, median home values have experienced consistent growth over the last eight years, increasing from $70,300 in 2015 to $104,200 in 2022. While this growth is significant, it's important to note that Choctaw County's median home values remain lower than both Mississippi's state average, which reached $151,000 in 2022, and the national median of $179,400 for the same year. This could present a more affordable investment opportunity for those looking to enter the housing market in Choctaw County, especially given the substantial appreciation over recent years.
Residential Energy Tax Credit Per Tax Return in Choctaw County, MS Over the Last 9 Years
Choctaw County, Mississippi has seen a notable increase in the average residential energy tax credit per tax return over the past nine years. Starting at around $337.50 in 2013, there were some fluctuations but a sharp rise becomes evident from 2017 onwards, peaking at $1263.16 in 2021. This trend suggests growing investments in energy-efficient home improvements, which could provide meaningful insights for investors, real estate agents, and insurance professionals regarding the evolving market dynamics in the area. Safe to say, the commitment to energy efficiency might be shaping the local real estate landscape and influencing property values.
Average Real Estate Taxes Per Tax Return in Choctaw County, MS Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Choctaw County, Mississippi have exhibited a noticeable upward trend. Starting from $911.90 in 2012, there have been fluctuations but the general trajectory points upwards, peaking at $1,725.00 in 2021. This indicates a potential increase in property values or tax rates, which could be crucial for investors, real estate agents, and property developers to consider when evaluating the area's growth potential and long-term investment returns. Notably, a significant jump was observed in 2019 and 2021, suggesting recent shifts in economic or policy factors impacting the county's real estate landscape.
Percentage of Farm Returns in Choctaw County, MS Over the Last 10 Years
In Choctaw County, Mississippi, the percentage of farm tax returns has seen a mild but steady increase over the last decade, growing from around 6.73% in 2012 to approximately 8.65% in 2021. Farm tax returns reflect the revenue generated by agricultural activities reported for tax purposes and often indicate the economic health and productivity of the farming sector. For potential investors, developers, or new residents, understanding these trends can offer insights into the viability and growth of agricultural opportunities in the county. The year 2018 appears particularly notable, with a peak in returns at nearly 9.94%, suggesting potentially advantageous conditions or significant agricultural activity that year.
Number of Mortgages by Occupancy Type in Choctaw County, MS Over the Last 5 Years in Choctaw County
Shifts in the number of mortgages in Choctaw County, Mississippi over the past five years show a dominant focus on principal residences, with notable spikes in 2020 and 2021 indicating increased home buying activity during these years. Investment properties saw minor fluctuations, while second residences showed minimal engagement. Understanding these trends is critical for investors looking to discern market stability, real estate agents anticipating client needs, and insurance agents assessing risk based on property usage. For those looking to build, these trends hint at a growing population prioritizing primary homes, potentially guiding construction and development focus.
Economic Outlook
Over the past nine years, Choctaw County, Mississippi has experienced a steady rise in average taxable income per tax return, jumping from $37,537.80 in 2013 to $45,963.64 in 2021. The upward trend, particularly between 2016 and 2018, potentially signifies economic growth or demographic changes, something real estate stakeholders might find encouraging. Meanwhile, average state and local income taxes also climbed from $2,840.91 in 2012 to $5,020.00 in 2021, an increase that underscores the need... Read more
Average Taxable Income per Tax Return in Choctaw County, MS over the last 9 years
Over the past nine years, Choctaw County, Mississippi has seen a consistent increase in average taxable income per tax return, with a notable jump from $37,537.80 in 2013 to $45,963.64 in 2021. The income growth, especially the significant rise between 2016 and 2018, could be indicative of economic development or demographic shifts. This trend could be of particular interest to real estate agents, investors, and insurance agents, as rising incomes often correlate with increased property investments and higher housing demand. Appraisers and those looking to build property might also find this data encouraging, pointing to a potentially more lucrative market in the area.
Average State and Local Income Taxes Per Tax Return in Choctaw County, MS Over the Last 10 Years
Investors and potential residents will notice a steady increase in average state and local income taxes per tax return in Choctaw County, Mississippi over the past decade. With figures rising from $2,840.91 in 2012 to $5,020.00 in 2021, tax returns have generally shown an upward trajectory. Significant jumps, particularly between 2017 and 2018, merit closer examination for anyone invested in local fiscal policies. Understanding these trends is essential for making informed decisions on property investments and residency in the area.
Average Total Tax Liability Per Tax Return in Choctaw County, MS Over the Last 10 Years
Over the last decade, Choctaw County, Mississippi has observed a fluctuating yet generally increasing trend in average total tax liability per tax return. Starting at approximately $4,218.78 in 2012, the value saw a significant rise, peaking at $5,338.25 in 2018, before a slight decrease and stabilization around the $5,165.28 mark by 2021. These variations suggest potential shifts in both income levels and tax regulations, which may be of particular interest to real estate agents, investors, and financial planners evaluating the economic trajectory of the county.
Cost of Living in Choctaw County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $932 | $1,468 | $1,877 | $496 | $888 |
| 1 adult 4 children | $932 | $1,199 | $1,400 | $496 | $895 |
| 2 adults 3 children | $932 | $1,199 | $1,646 | $496 | $696 |
| 1 adult 3 children | $932 | $979 | $1,169 | $496 | $675 |
| 2 adults 2 children | $766 | $982 | $1,416 | $437 | $654 |
| 2 adults 1 child | $766 | $776 | $1,185 | $246 | $659 |
| 1 adult 2 children | $766 | $733 | $938 | $437 | $561 |
| 1 adult 1 child | $766 | $501 | $708 | $246 | $545 |
| 2 adults | $582 | $623 | $955 | $0 | $602 |
| 1 adult | $578 | $340 | $477 | $0 | $538 |
Safety trends & Data
Choctaw County, Mississippi has seen property crime rates fluctuate considerably over the past five years, with burglary and larceny-theft numbers showing inconsistent trends. Burglary fell to a low of 3 in 2021 but rose to 6 in 2022, while larceny-theft peaked at 14 in 2019 before declining to 3 in 2022. Sporadic incidents of motor vehicle theft, embezzlement, and vandalism suggest occasional issues rather than systemic problems, which could be crucial data for investors, homebuyers, and... Read more
Property Crime Trends in Choctaw County, MS Over the Last 5 Years
Choctaw County, Mississippi has experienced fluctuating property crime rates over the past five years. While 2018 saw higher instances of burglary (9) and larceny-theft (6), those numbers dipped and spiked inconsistently thereafter, with burglary hitting a low of 3 in 2021 but rising back to 6 in 2022. Larceny-theft showed some fluctuation, peaking at 14 in 2019 but declining to 3 by 2022. Notable crimes like motor vehicle theft, embezzlement, and vandalism appeared infrequently, suggesting sporadic rather than systemic issues in these areas. This data could be important for potential investors, homebuyers, real estate agents, and insurance providers assessing the area's safety and risk factors.
Demographics
Choctaw County, Mississippi exhibits a roughly balanced gender population with slightly more females. Educational attainment reveals a high percentage of residents with at least a high school diploma, while a notable portion has some college education or higher, suggesting a reasonably educated adult populace. The age distribution highlights a mature population, with significant segments in the 55 to 64 and 65 to 74 age brackets. The racial makeup shows a predominantly White and Black or... Read more
Race Distribution in Choctaw County, Mississippi (2022)
Educational Attainment in Choctaw County, Mississippi (2022)
Age Distribution in Choctaw County, Mississippi
Citizen Population in Choctaw County, Mississippi (2022)
Political Trends & Data
Choctaw County in Mississippi likely leans heavily Republican, with the GOP possibly securing a significant majority of the votes. Democrats might have received less than a third of the votes, and third parties, including the Libertarian and Green parties, appear to have had minimal impact. These trends could hint at a strong conservative base, which may also suggest limited political diversity among... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Choctaw County in Mississippi appears to lean heavily Republican, with a significant majority of votes likely going to the GOP. Democrats might have garnered less than a third of the vote, while third parties, including the Libertarian and Green parties, seem to have had minimal impact. These trends could suggest a solid conservative stronghold but might also indicate limited political diversity in voter preference.
71.06% of voters voted for the Republican party in the 2020 Presidential Election
28.06% of voters voted for the Democrat party in the 2020 Presidential Election
0.38% of voters voted for the Livertarian party in the 2020 Presidential Election
0.05% of voters voted for the Green party in the 2020 Presidential Election
0.45% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Choctaw County, Mississippi has decreased over the past decade, with the latest ratio at around 8 students per teacher in 2023, compared to the national average of 14. For potential investors and real estate agents, this trend might suggest a more personalized educational environment, possibly boosting property desirability. Appraisers and insurance agents could see this as an indicator of stable community investment in local education, potentially affecting... Read more
Student-to-teacher ratio in Choctaw County, Mississippi over the last 10 years
The student-to-teacher ratio in Choctaw County, Mississippi has seen a general downward trend over the past decade, with the most recent ratio at approximately 8 students per teacher in 2023. This is notably lower than the national average of 14 students per teacher. For investors, real estate agents, or those considering relocating, this trend could indicate a more personalized educational environment, potentially increasing property desirability. For appraisers and insurance agents, the smaller class sizes might hint at a more stable community investment in local education, which could influence property values and insurance rates. Builders might see opportunities in developing family-friendly residences, while current residents might appreciate the quality of education this ratio suggests.
