Clay County Real Estate and Livability Trends
Clay County, Mississippi, has seen notable economic and real estate trends. Average taxable income rose to $48,333.65 in 2021 while median home values increased from $80,900 in 2015 to $110,600 in 2022, suggesting economic growth and investment potential. Real estate taxes spiked from $1,806.35 in 2012 to $2,823.26 in 2021, linked potentially to rising property values and local fiscal policies.... Read more
Clay County Market Trends
Clay County, Mississippi has seen median home values surge from $80,900 in 2015 to $110,600 in 2022, outpacing the state's growth rate. While still more affordable than the national median, this steady rise hints at promising investment potential. Notably, average residential energy tax credits spiked to $1100.00 in 2018, suggesting a trend towards energy-efficient upgrades that could appeal to... Read more
Median Value of Occupied Housing Units in Clay County, Mississippi Over the Last 8 Years
Over the last eight years, Clay County, Mississippi has experienced a steady increase in median home values, climbing from $80,900 in 2015 to $110,600 in 2022. This represents a more substantial growth rate compared to the overall state of Mississippi, which saw median values increase from $103,100 to $151,000 during the same period. Nationally, median home values rose from $125,500 to $179,400, indicating that while Clay County remains more affordable, it is catching up at a consistent pace. This trend could signal a promising investment opportunity in Clay County, especially for those looking to capitalize on a market that is potentially on the rise yet still more budget-friendly than national averages.
Residential Energy Tax Credit Per Tax Return in Clay County, MS Over the Last 9 Years
Clay County, Mississippi, has seen some fluctuations in the average residential energy tax credit per tax return over the past nine years. A notable spike occurred in 2018 when the average credit reached $1100.00, considerably higher than any other year in the dataset. Following 2018, the figures did decline but remained above the $700.00 mark through 2021. This trend might indicate increased investments in energy-efficient home improvements. Those looking to invest in properties or build new homes in the area could find potential benefits in energy-efficient upgrades, potentially leading to increased appraisals and more attractive insurance rates. Real estate agents and appraisers might want to consider highlighting these potential savings to prospective buyers.
Average Real Estate Taxes Per Tax Return in Clay County, MS Over the Last 10 Years
Clay County, Mississippi has seen a noticeable increase in average real estate taxes per tax return over the past decade, with taxes jumping from approximately $1,806.35 in 2012 to around $2,823.26 in 2021. A significant spike is observed between 2017 and 2019, where taxes grew from $2,101.57 to $2,933.33, likely reflecting property value reassessments or local fiscal policies impacting homeowners' financial burdens. Such trends suggest a growing tax base, which could be indicative of rising property values or enhanced public services, aspects crucial for real estate agents, investors, and residents to consider when engaging with the local market.
Percentage of Farm Returns in Clay County, MS Over the Last 10 Years
Over the last decade, Clay County, Mississippi has experienced variability in the percentage of farm tax returns. Starting at approximately 5.02% in 2012, the proportion peaked at about 5.48% in 2014 and then saw a slight decline, reaching around 4.45% in 2019. Farm tax returns, a measure of agricultural economic activity, offer insight into the agricultural vibrancy and economic health of the area. This fluctuation indicates a dynamic agricultural sector, critical for investors and potential property owners evaluating long-term stability in this rural economy.
Number of Mortgages by Occupancy Type in Clay County, MS Over the Last 5 Years in Clay County
Clay County, Mississippi, has seen a fluctuating trend in mortgage counts across various occupancy types over the last five years. Principal residences consistently dominate, although there was a notable increase from 489 in 2019 to 714 in 2021. Investment properties and second residences remain minor players but show subtle variances, peaking and diping modestly. Understanding these occupancy shifts is crucial for investors and real estate professionals, as they can influence property values and market stability, shaping both short-term opportunities and long-term planning. Building these insights into appraisals and insurance models can sharpen risk assessments and underscore the vibrancy or risks within the community.
Economic Outlook
Clay County, Mississippi has seen its average taxable income per tax return rise to $48,333.65 in 2021, reflecting possible economic growth. State and local income taxes have fluctuated, peaking at around $7,146.51 in the same year, indicating potential policy impacts. Additionally, the total tax liability per tax return has also shown an upward trend over the past decade, reaching about $7,426.97 in 2021. These trends suggest Clay County could present enticing opportunities for potential... Read more
Average Taxable Income per Tax Return in Clay County, MS over the last 9 years
The average taxable income per tax return in Clay County, Mississippi has generally increased over the past nine years, with a noticeable spike in 2021 reaching $48,333.65. While there were slight fluctuations, particularly between 2015 and 2016, the overall trajectory suggests an upward trend, possibly indicating growing economic stability or rising incomes in the area. This pattern could be of interest to potential investors, real estate agents, and those looking to move to Clay County, as it may reflect enhanced economic opportunities and a strengthening local market.
Average State and Local Income Taxes Per Tax Return in Clay County, MS Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Clay County, Mississippi have exhibited notable fluctuations. Values ranged from a low of approximately $4,378.18 in 2012 to a peak of around $7,146.51 in 2021. Particularly dramatic spikes were observed in 2018 and 2021, suggesting possible economic or policy changes impacting taxpayers. Such trends may influence decisions for potential investors, residents, and developers considering their financial commitments in the area.
Average Total Tax Liability Per Tax Return in Clay County, MS Over the Last 10 Years
Over the last decade, Clay County, Mississippi has seen fluctuating average total tax liabilities per tax return, peaking at approximately $7,426.97 in 2021 after a significant dip around 2016. Despite some decreases, the overall trend suggests a general increase. This information could be crucial for prospective real estate investors and property developers as tax stability or instability can impact long-term financial planning and market attractiveness. Insurance agents and appraisers might also find this data valuable when assessing risk and valuations.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,060 | $1,468 | $1,877 | $583 | $891 |
| 1 adult 4 children | $1,060 | $1,199 | $1,400 | $583 | $928 |
| 2 adults 3 children | $1,060 | $1,199 | $1,646 | $583 | $720 |
| 1 adult 3 children | $1,060 | $979 | $1,169 | $583 | $705 |
| 2 adults 2 children | $766 | $982 | $1,416 | $514 | $617 |
| 2 adults 1 child | $766 | $776 | $1,185 | $289 | $630 |
| 1 adult 2 children | $766 | $733 | $938 | $514 | $524 |
| 2 adults | $678 | $623 | $955 | $0 | $600 |
| 1 adult 1 child | $766 | $501 | $708 | $289 | $516 |
| 1 adult | $643 | $340 | $477 | $0 | $530 |
Safety trends & Data
Clay County, Mississippi has seen property crime rates fluctuate notably over the past five years. Larceny-Theft incidents spiked at 36 in 2021 and 35 in 2022, indicating a sustained trend. Burglary incidents remained relatively low, never going above five cases annually. Vandalism was minimal but consistent, peaking slightly at five cases in 2022. Motor vehicle theft and other property crimes like embezzlement and fraud were infrequent, suggesting generally stable property crime trends. These... Read more
Property Crime Trends in Clay County, MS Over the Last 5 Years
Clay County, Mississippi has experienced notable fluctuations in property crime rates over the past five years. The biggest spikes are in Larceny-Theft, peaking at 36 incidents in 2021 and 35 in 2022, reflecting a sustained pattern. Burglary incidents varied but remained relatively low, never exceeding five cases annually. Vandalism saw minimal but consistent occurrences, with a minor peak of five cases in 2022. Motor vehicle theft and other property crimes like embezzlement and fraud were infrequent, hinting at generally stable property crime trends. These nuances matter to potential investors, real estate agents, and residents evaluating the security and economic vibrancy of the area.
Demographics
Clay County's demographic snapshot reveals a modest gender imbalance in favor of females, perhaps influencing social services and community planning. The county's educational attainment is diverse, with a notable fraction lacking a high school diploma, which could impact local economic development and workforce readiness. The age distribution suggests a relatively balanced spread across age groups, yet the significant number of residents aged 55 and over may highlight future healthcare and... Read more
Race Distribution in Clay County, Mississippi (2022)
Educational Attainment in Clay County, Mississippi (2022)
Age Distribution in Clay County, Mississippi
Citizen Population in Clay County, Mississippi (2022)
Political Trends & Data
Clay County, Mississippi, demonstrated a notable preference for Democratic candidates in the 2020 U.S. Presidential Election, securing approximately 57.4% of the vote. Republicans claimed nearly 41%, highlighting some degree of bipartisan competition. Third-party candidates, such as Libertarians and Greens, barely reached 0.5%, indicating minimal impact from minor parties. The presence of independents or write-ins seemed nearly negligible, suggesting a strong two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clay County, Mississippi, displayed a significant leaning towards Democratic candidates in the 2020 U.S. Presidential Election, with around 57.4% of the vote. Republicans garnered roughly 41%, indicating a less pronounced but still substantial support base. Minor parties like the Libertarians and Greens combined made up barely more than 0.5%, suggesting third-party influence was minimal. Small percentages labeled as "Other" could hint at a slight presence of independent or write-in choices, but nothing that would considerably alter the primary two-party dynamics.
41.03% of voters voted for the Republican party in the 2020 Presidential Election
57.36% of voters voted for the Democrat party in the 2020 Presidential Election
0.47% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% of voters voted for the Green party in the 2020 Presidential Election
1.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Clay County, Mississippi, has seen its student-to-teacher ratio fluctuate, peaking at 14 in 2016 and 2018, before dropping to as low as 7 in 2023. This shift may be appealing for investors, real estate agents, and families, as a lower ratio often suggests smaller class sizes and potentially better educational outcomes, which can influence property demand and community... Read more
Student-to-teacher ratio in Clay County, Mississippi over the last 10 years
Over the past decade, Clay County, Mississippi, has seen notable fluctuations in its student-to-teacher ratio. The ratio hit a high of 14 in 2016 and 2018, which matches the current national average. However, there has been a remarkable decrease in the most recent years, with the ratio dropping as low as 7 in 2023. This trend could be important for potential investors, real estate agents, and families considering relocation, as a lower student-to-teacher ratio often indicates smaller class sizes and potentially more individualized attention for students, thereby possibly enhancing educational outcomes. For appraisers and insurance agents, these shifts may inform evaluations of community growth, stability, and demand for educational resources.
