Copiah County Real Estate and Livability Trends
In Copiah County, Mississippi, the average taxable income per tax return jumped from $37,883.05 in 2013 to $46,052.84 in 2021, signaling a potentially improving local economy that may draw investor interest. Median home values have fluctuated over the past eight years, peaking at $97,900 in 2018 before settling at $93,600 in 2022, presenting both risks and opportunities for investors. Rising... Read more
Copiah County Market Trends
Copiah County, Mississippi's median home values have shown variable trends over the past eight years, unlike the steady rise seen statewide and nationally. From $84,500 in 2015, values peaked at $97,900 in 2018, dipped to $88,900 by 2020, and bounced back to $93,600 in 2022. An investor might see this variability as both a challenge and an opportunity. Residential energy tax credits per tax... Read more
Median Value of Occupied Housing Units in Copiah County, Mississippi Over the Last 8 Years
Copiah County, Mississippi has shown a mixed yet intriguing trend in median home values over the past eight years. While the county saw growth from $84,500 in 2015 to its peak of $97,900 in 2018, values dipped to $88,900 by 2020, before bouncing back to $93,600 in 2022. This fluctuation is quite different from the steady climb seen statewide, where values rose from $103,100 in 2015 to $151,000 in 2022, aligning more closely with national trends. Investors and potential homeowners might find Copiah County's more variable market an interesting point of consideration, especially compared to the robust growth patterns in both Mississippi and the U.S. overall.
Residential Energy Tax Credit Per Tax Return in Copiah County, MS Over the Last 9 Years
Over the past nine years, Copiah County, Mississippi has seen a fluctuating yet mostly increasing trend in the Average Residential Energy Tax Credit per tax return. Notably, there was a significant spike in 2018 at $1,075.00, which stands out against the lower values in prior years, such as $293.75 in 2013. Recent years like 2020 and 2021 also showed higher averages, suggesting a possible rise in residential energy investments. These trends may indicate growing homeowner interests in energy-efficient improvements, making this a potentially attractive market for energy-conscious builders, real estate agents, and investors.
Average Real Estate Taxes Per Tax Return in Copiah County, MS Over the Last 10 Years
Copiah County, Mississippi, has seen a consistent increase in average real estate taxes per tax return over the last decade, jumping from $1,328.75 in 2012 to $2,454.55 in 2021. This trend might signal rising property values, making the area potentially more attractive for real estate investors and property developers. For residents and those considering a move, this could mean higher homeownership costs. Appraisers and insurance agents may also note this upward trend as an indicator of the county’s evolving market dynamics.
Percentage of Farm Returns in Copiah County, MS Over the Last 10 Years
Copiah County, Mississippi, shows an upward trend in farm tax returns over the last decade. Starting at around 5.23% in 2012, the percentage has seen gradual increases, reaching approximately 6.65% in 2021. Farm tax returns generally reflect the economic activity and viability of agricultural investments in the region, making this data vital for potential investors. These gradual increases could indicate a strengthening agricultural sector, potentially enhancing the attractiveness of Copiah County for agricultural investments and related business opportunities.
Number of Mortgages by Occupancy Type in Copiah County, MS Over the Last 5 Years in Copiah County
Over the past five years in Copiah County, Mississippi, the number of mortgages for principal residences has consistently led compared to investment and second properties. Notably, principal residence mortgage counts peaked in 2021 at 891, while investment property and second residence mortgages remained relatively stable but significantly lower. Shifts in occupancy types can affect market dynamics, influencing property values and rental demand. Investors and real estate agents may find lower investment property mortgage counts indicative of limited rental opportunities or potential untapped markets. For appraisers and insurance agents, understanding these trends is crucial for accurate property assessments and risk evaluations.
Economic Outlook
In Copiah County, Mississippi, the average taxable income per tax return rose from $37,883.05 in 2013 to $46,052.84 in 2021, particularly gaining momentum from 2017 onwards. Though there were minor fluctuations, the general upward trend could signify an improving local economy, potentially making the area more attractive to investors and developers. State and local income taxes have also escalated from around $3,500 in 2012 to about $5,700 by 2021, a factor that might weigh on the cost of... Read more
Average Taxable Income per Tax Return in Copiah County, MS over the last 9 years
Over the past nine years, the average taxable income per tax return in Copiah County, Mississippi has shown a general upward trend, increasing from $37,883.05 in 2013 to $46,052.84 in 2021. This steady growth, particularly noticeable between 2017 and 2021, highlights a positive economic trajectory, potentially making Copiah County more attractive to investors, real estate buyers, and developers looking for areas with improving financial conditions. However, some variability, such as the slight drop from 2018 to 2019, suggests periodic economic fluctuations that could be important for appraisers and insurance agents to consider.
Average State and Local Income Taxes Per Tax Return in Copiah County, MS Over the Last 10 Years
Over the past decade, Copiah County, Mississippi has seen a notable rise in state and local income taxes, with average per-tax-return figures moving from around $3,500 in 2012 to roughly $5,700 by 2021. The increase was particularly steep between 2017 and 2019. This upward trend could affect overall living costs and is something potential investors and new residents might want to consider when evaluating economic conditions and fiscal policies in the county.
Average Total Tax Liability Per Tax Return in Copiah County, MS Over the Last 10 Years
Over the last decade, Copiah County, Mississippi has seen a general increase in average total tax liability per tax return, climbing from $4,956.23 in 2012 to $5,859.55 in 2021. This trend might suggest a higher cost of living or rising property values in the area, which could be relevant for potential investors, property appraisers, and real estate agents. For those planning to move or build property here, the upward trend in tax liabilities might be an indicator of economic growth or increased public investment. Additionally, insurance agents would find these details valuable for assessing potential premium adjustments based on financial trends.
Cost of Living in Copiah County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $942 | $1,339 | $1,994 | $771 | $976 |
| 1 adult 4 children | $942 | $1,094 | $1,487 | $771 | $1,036 |
| 2 adults 3 children | $942 | $1,094 | $1,749 | $771 | $793 |
| 1 adult 3 children | $942 | $893 | $1,242 | $771 | $802 |
| 2 adults 2 children | $774 | $896 | $1,504 | $669 | $729 |
| 1 adult 2 children | $774 | $669 | $997 | $669 | $648 |
| 2 adults 1 child | $774 | $708 | $1,259 | $340 | $711 |
| 1 adult 1 child | $774 | $457 | $752 | $340 | $577 |
| 2 adults | $663 | $569 | $1,014 | $0 | $635 |
| 1 adult | $654 | $310 | $507 | $0 | $562 |
Demographics
Copiah County, Mississippi, shows a slightly higher female population compared to males. Educational attainment varies widely, with around half of the population having completed high school or some college, suggesting significant room for educational growth. The age distribution indicates a balanced spread across age groups, with the highest numbers in the middle-aged categories and a smaller elderly population. The racial distribution reflects a predominant Black or African American community... Read more
Race Distribution in Copiah County, Mississippi (2022)
Educational Attainment in Copiah County, Mississippi (2022)
Age Distribution in Copiah County, Mississippi
Citizen Population in Copiah County, Mississippi (2022)
Political Trends & Data
In Copiah County, Mississippi, the 2020 U.S. Presidential Election results hinted at a closely contested political climate, with Democrats receiving around 50.2% of the vote and Republicans at about 48.5%. This competitive edge could imply nuanced voter preferences that may impact local real estate investment strategies, potentially creating a more diverse and dynamic market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Copiah County, Mississippi, the 2020 U.S. Presidential Election saw a slight edge for Democrats, who garnered around 50.2% of the vote. Republicans were close behind at roughly 48.5%, indicating a relatively competitive local political landscape. Minor parties, such as the Libertarian and Green parties, captured minimal support, suggesting a potential trend of voters favoring the two major parties.
48.51% of voters voted for the Republican party in the 2020 Presidential Election
50.22% of voters voted for the Democrat party in the 2020 Presidential Election
0.45% of voters voted for the Livertarian party in the 2020 Presidential Election
0.09% of voters voted for the Green party in the 2020 Presidential Election
0.73% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Copiah County, Mississippi has been fluctuating but overall increasing, peaking at nearly 18 in 2020 before slightly declining to 16 in 2023. This ratio, higher than the national average of 14, suggests larger class sizes, potentially affecting education quality and individualized attention. These dynamics can be crucial for investors and potential movers, as they often influence property values and community development. Real estate agents and appraisers might... Read more
Student-to-teacher ratio in Copiah County, Mississippi over the last 10 years
The student-to-teacher ratio in Copiah County, Mississippi has shown a fluctuating yet overall increasing trend over the past decade, peaking at nearly 18 in 2020 before seeing a slight decline to 16 in 2023. This higher ratio compared to the national average of 14 students per teacher could imply larger class sizes, affecting the quality of education and individualized attention each student receives. For investors and those considering moving to the area, understanding these educational dynamics can be crucial, as they often influence property values and community development. Real estate agents and appraisers might see these figures as a part of the broader educational landscape impacting family decisions, thus guiding investment in infrastructure and housing options suited for families seeking better educational outcomes.
