Covington County Real Estate and Livability Trends
Covington County, Mississippi has seen significant increases in economic indicators like average taxable income, climbing from $40,003.12 in 2013 to $52,428.99 in 2021, potentially pointing to greater economic stability. Despite median home values being lower than state and national averages, fluctuating trends might signal affordability alongside market volatility. Taxes have surged since 2018,... Read more
Covington County Market Trends
Covington County, Mississippi, has seen median home values fluctuate significantly over the past eight years, currently lower than both state and national medians, which might point to more affordable entry points despite potential market instability. Taxes have surged since 2018, notably peaking at $2,062.96 in 2019, hinting at rising property values or local taxation changes that could affect... Read more
Median Value of Occupied Housing Units in Covington County, Mississippi Over the Last 8 Years
Over the past eight years, Covington County, Mississippi has seen fluctuations in median home values ranging from a high of $78,600 in 2018 to a low of $68,100 in 2020, settling at $76,700 by 2022. These values are considerably lower than both the state and national medians for the same period. Mississippi’s median home value climbed steadily from $103,100 in 2015 to $151,000 in 2022, while the U.S. saw an increase from $125,500 to $179,400. For those looking to invest, move to, or build property in Covington County, the comparatively lower prices could suggest more affordable entry points. However, the higher volatility in local home values may indicate a less stable market, which could influence long-term property investment strategies.
Residential Energy Tax Credit Per Tax Return in Covington County, MS Over the Last 9 Years
Over the past nine years, Covington County, Mississippi has seen fluctuating average residential energy tax credits per tax return. Noteworthy spikes occurred in 2017 and 2018, hitting around $800.00 and over $1,000.00, respectively. This could indicate periods of higher investment in energy-efficient home improvements or policy changes that made tax credits more favorable. Periodic increases in these credits may attract homebuyers and investors interested in energy-efficient properties, while appraisers and insurance agents should consider these trends when evaluating property values and risks.
Average Real Estate Taxes Per Tax Return in Covington County, MS Over the Last 10 Years
Over the last decade, Covington County, Mississippi has seen fluctuations in average real estate taxes per tax return, with notable increases starting around 2018. While the early years from 2012 to 2017 show modest growth with values hovering between approximately $1,067.68 to $1,255.79, the jump to $1,910.71 in 2018 and a peak of $2,062.96 in 2019 suggests a significant shift possibly due to policy changes or market dynamics. Despite a slight decline in 2020 and 2021 to around $1,940.91 and $1,820.00 respectively, the elevated tax levels could indicate rising property values or changes in local taxation, impacting investment and ownership costs.
Percentage of Farm Returns in Covington County, MS Over the Last 10 Years
The percentage of farm tax returns in Covington County, Mississippi has shown slight fluctuations over the past decade, mostly ranging between 6.97% and 7.88%. As of 2016, there was a mild peak at 7.88%, but the figures have generally hovered around a similar mark. This trend could imply a stable, albeit limited, presence of agricultural operations in the county. For potential investors, residents, or developers eyeing Covington County, the data suggests that farming is a consistent but not dominant sector of the local economy. This detail might influence decisions around property usage and economic activities aligned with or separate from agricultural investments.
Number of Mortgages by Occupancy Type in Covington County, MS Over the Last 5 Years in Covington County
In Covington County, Mississippi, the data on mortgage counts over the past five years reveals interesting trends across different occupancy types. Principal Residence mortgages consistently dominate, peaking notably in 2020 with 840 mortgages, followed by a slight decline but still remaining high. Investment Property mortgages show a mild decline, from 50 in 2020 to 42 in 2022. Second Residence mortgages, while consistently the lowest, also exhibit a downward trend. Shifts in these occupancy types can signal changes in market dynamics and economic conditions. For potential investors and real estate agents, a high number of Principal Residences might indicate a robust local housing demand, while subtle increases in Investment Property mortgages could flag emerging rental opportunities. Appraisers and insurance agents might be particularly interested in the stability and trends of Principal Residences when determining property values and risks.
Economic Outlook
Covington County, Mississippi has seen a notable rise in average taxable income per tax return, jumping from $40,003.12 in 2013 to $52,428.99 in 2021. This trend could suggest growing economic stability and potential for investment. Average state and local income taxes nearly doubled from $3,700.00 in 2012 to $7,565.22 in 2021, possibly reflecting economic growth and influencing potential property values and insurance rates. Additionally, the average tax liability per return increased from... Read more
Average Taxable Income per Tax Return in Covington County, MS over the last 9 years
Covington County, Mississippi has experienced a notable rise in average taxable income per tax return over the past nine years, with a significant jump from $40,003.12 in 2013 to $52,428.99 in 2021. This upward trend might suggest growing economic stability and potential for investment, attracting new residents, and possibly affecting property values and insurance rates in the area. The substantial increase in 2018 and 2021 could signal periods of economic growth or other underlying factors driving the income hike.
Average State and Local Income Taxes Per Tax Return in Covington County, MS Over the Last 10 Years
Covington County, Mississippi has seen a significant increase in average state and local income taxes per tax return over the last decade. From $3,700.00 in 2012 to $7,565.22 in 2021, there's an almost doubling effect, highlighting a steady escalation particularly spiking from 2018 onward. Potential investors or residents might be intrigued by what this rise indicates about the area’s economic growth and fiscal policies. This might also affect decision-making for those considering building or purchasing property, as increasing taxes can reflect on the community’s development and infrastructure investments.
Average Total Tax Liability Per Tax Return in Covington County, MS Over the Last 10 Years
Tax liability per tax return in Covington County, Mississippi has shown fluctuations over the past decade. Notably, there's been a substantial increase in recent years, with the average settling at $8,079.63 in 2021, up from $5,328.17 in 2012. This upward trend could suggest a growing income base or changing tax structures, which might interest investors, property developers, and real estate professionals by indicating potential economic growth and increased financial capacity of residents.
Cost of Living in Covington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,089 | $1,331 | $1,914 | $767 | $957 |
| 1 adult 4 children | $1,089 | $1,087 | $1,427 | $767 | $1,024 |
| 2 adults 3 children | $1,089 | $1,087 | $1,679 | $767 | $782 |
| 1 adult 3 children | $1,089 | $888 | $1,192 | $767 | $798 |
| 2 adults 2 children | $766 | $890 | $1,444 | $666 | $667 |
| 1 adult 2 children | $766 | $665 | $957 | $666 | $582 |
| 2 adults 1 child | $766 | $704 | $1,209 | $338 | $656 |
| 1 adult 1 child | $766 | $454 | $722 | $338 | $552 |
| 2 adults | $637 | $565 | $974 | $0 | $603 |
| 1 adult | $520 | $308 | $487 | $0 | $515 |
Safety trends & Data
In Covington County, Mississippi, property crime trends over the last two years show a consistent larceny-theft rate with 6.0 arrests annually, while categories like fraud have seen a decline from 4.0 arrests in 2021 to 2.0 in 2022. New crime categories such as burglary and handling stolen property appeared in 2022, recording 1.0 and 2.0 arrests respectively. Motor vehicle theft and forgery remain steady at 2.0 and 1.0 arrests each year. These stable yet nuanced crime statistics are crucial for... Read more
Property Crime Trends in Covington County, MS Over the Last 2 Years
Property crime trends in Covington County, Mississippi over the last two years show that larceny-theft remains steady with a consistent figure of 6.0 arrests each year. Minor fluctuations are noted in other categories, such as fraud dropping from 4.0 arrests in 2021 to 2.0 in 2022, and the introduction of crimes like burglary and handling stolen property, each recording 1.0 and 2.0 arrests respectively in 2022. Motor vehicle theft and forgery each stand still with 2.0 and 1.0 arrests annually. These crime statistics could indicate relatively stable property crime activity, making it essential for stakeholders like investors, real estate agents, and residents to keep tabs on these metrics for informed decision-making.
Demographics
In Covington County, Mississippi, the adult population is roughly balanced with a slight female majority. Educational attainment shows a significant portion of residents achieved only a high school diploma or some college without a degree, implying potential for expanded educational programs. Age distribution skews slightly older, indicating that services and amenities for middle-aged to elderly residents might be increasingly relevant. Racial diversity is present but limited, with a... Read more
Race Distribution in Covington County, Mississippi (2022)
Educational Attainment in Covington County, Mississippi (2022)
Age Distribution in Covington County, Mississippi
Citizen Population in Covington County, Mississippi (2022)
Political Trends & Data
Covington County in Mississippi tends to lean significantly towards Republican candidates, with around 62.50% of the votes in the 2020 U.S. Presidential Election favoring the Republican Party. Democrats secured approximately 36.50% of the vote, showing some bipartisan support but still trailing. Libertarian, Green, and other parties combined received less than 1% of the total votes, suggesting minimal third-party influence. This voting pattern could be indicative of broader political trends and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Covington County in Mississippi appears to lean significantly towards Republican candidates, with approximately 62.5% of the votes in the 2020 U.S. Presidential Election going to the Republican Party. Democrats garnered around 36.5% of the vote, which suggests some level of bipartisan support, though still trailing behind. Libertarian, Green, and other parties combined received less than 1% of the total votes, indicating that third-party influence was minimal. This distribution of votes may reflect broader political trends and voter priorities in this particular county.
62.54% of voters voted for the Republican party in the 2020 Presidential Election
36.50% 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
0.03% of voters voted for the Green party in the 2020 Presidential Election
0.58% of voters voted for the Other party in the 2020 Presidential Election
School Data
Covington County, Mississippi has experienced a notable decline in student-to-teacher ratios, dropping from a peak of 16 students per teacher in 2018 to just 9 in 2023. This could signal improved educational quality, making the area more appealing to families who prioritize education. For real estate agents and investors, this trend might be significant, as better educational outcomes generally enhance property values and attract more... Read more
Student-to-teacher ratio in Covington County, Mississippi over the last 10 years
Covington County, Mississippi has seen fluctuating student-to-teacher ratios over the past decade, with a notable peak at 16 students per teacher in 2018, far exceeding the current national average of 14. Recently, the ratio has decreased steadily, reaching just 9 students per teacher in 2023. Lower student-to-teacher ratios could indicate more personalized attention for students, which is generally favorable for educational outcomes and could make the area more attractive for families prioritizing education. This trend may be pivotal for real estate agents, investors, and potential residents who view quality education as a key factor in their decision-making process.
