DeSoto County Real Estate and Livability Trends
In DeSoto County, Mississippi, property values have seen a notable increase, with median home values climbing from $152,700 in 2015 to $227,600 in 2022, suggesting a robust local real estate market that outpaces both state and national growth rates. The rise in energy-efficient investments and a decrease in farm tax returns point to shifting demographics and land use, potentially aligning with... Read more
DeSoto County Market Trends
Median home values in DeSoto County, Mississippi have appreciably risen from $152,700 in 2015 to $227,600 in 2022, greatly outpacing state and national growth rates. Residential energy tax credits per tax return spiked dramatically between 2017 and 2018, suggesting increased investment in energy-efficient homes, which remains a notable trend. Average real estate taxes also saw a significant rise... Read more
Median Value of Occupied Housing Units in DeSoto County, Mississippi Over the Last 8 Years
Median home values in DeSoto County, Mississippi have shown a robust appreciation over the past eight years, climbing from $152,700 in 2015 to $227,600 in 2022. This trend significantly outpaces the growth seen across the state of Mississippi, where median values rose from $103,100 to $151,000 within the same duration. Even compared to the national level, which saw an increase from $125,500 to $179,400, DeSoto County's real estate appears to be a stronger investment. Investors and homebuyers might find this consistent upward trajectory indicative of a dynamic and potentially lucrative market within DeSoto County.
Residential Energy Tax Credit Per Tax Return in DeSoto County, MS Over the Last 9 Years
DeSoto County, Mississippi has seen varied but generally increasing residential energy tax credits per tax return over the past nine years. Notably, in 2017 the average credit spiked to $740.66, followed by a dramatic increase in 2018 to $1,660.00. This likely indicates a surge in energy-efficient home investments, an appealing factor for investors and builders considering sustainable projects. By 2021, the average credit still remained high at $1,214.18, suggesting continuous efforts toward energy efficiency among residents, which can appeal to appraisers and real estate agents focused on green property markets.
Average Real Estate Taxes Per Tax Return in DeSoto County, MS Over the Last 10 Years
DeSoto County, Mississippi has seen a notable increase in average real estate taxes per tax return over the past decade, rising from approximately $1,861.00 in 2012 to around $2,765.04 in 2021. The most significant jumps happened between 2017 and 2018, as well as 2020 to 2021, likely reflecting shifts in property values or changes in tax policies. This trend may impact the decision-making of potential investors and homebuyers, as well as considerations for insurance agents, appraisers, and real estate professionals who evaluate the cost of owning property in the area.
Percentage of Farm Returns in DeSoto County, MS Over the Last 10 Years
Farm tax returns in DeSoto County, Mississippi have shown a steady decline over the past decade, dropping from approximately 0.89% in 2012 to 0.64% in 2021. This downward trend might suggest a shift away from agriculture or a consolidation of farm operations, which could impact land use policies, investment opportunities, and rural development. For those eyeing property investment or relocation to DeSoto County, understanding this trend can be critical for making informed decisions about the long-term economic landscape of the region.
Number of Mortgages by Occupancy Type in DeSoto County, MS Over the Last 5 Years in DeSoto County
The data suggests a marked increase in the number of mortgages for principal residences in DeSoto County, Mississippi, peaking in 2021. Investment properties also saw a rise, albeit more modestly, over the same period, while mortgages for second residences remained relatively low and stable. Shifts in occupancy type can significantly influence local housing markets, impacting everything from property values to the types of services and infrastructure investments that may be needed. For real estate agents, understanding these trends can help target potential buyers more effectively. Investors might see an opportunity in the growing principal residence market, which indicates a stable, long-term resident demographic. For appraisers and insurance agents, these shifts could result in variability in property risk assessments and valuation metrics, correlating with the type of occupancy and its associated claims history or market behavior.
Economic Outlook
Over the past nine years, DeSoto County, Mississippi has observed a steady rise in average taxable income per tax return, reaching $67,272.40 in 2021. The increasing state and local income taxes, from around $4,066.56 in 2012 to roughly $7,802.90 by 2021, align with this economic growth. Total tax liability per tax return also saw an upward trend, moving from about $7,056.80 in 2012 to around $9,736.82 in 2021, reflecting rising property values and incomes. Fluctuating poverty rates, such as a... Read more
Average Taxable Income per Tax Return in DeSoto County, MS over the last 9 years
Over the past nine years, DeSoto County, Mississippi has seen a steady increase in average taxable income per tax return, culminating at $67,272.40 in 2021. This trend suggests potential economic growth and rising prosperity in the area, which could be attractive for real estate investments and property development. For those looking to move to DeSoto County or for appraisers and insurance agents, this steady income growth may indicate a relatively stable economic environment.
Average State and Local Income Taxes Per Tax Return in DeSoto County, MS Over the Last 10 Years
In DeSoto County, Mississippi, the average state and local income taxes per tax return have notably risen over the past decade, from around $4,066.56 in 2012 to approximately $7,802.90 in 2021. This upward trend may suggest increased economic growth or shifts in tax policy impacting residents. Potential investors and new residents should weigh these tax considerations when evaluating the financial landscape of the region.
Average Total Tax Liability Per Tax Return in DeSoto County, MS Over the Last 10 Years
The last decade in DeSoto County, Mississippi has shown a steady increase in average total tax liability per tax return, starting at around $7,056.80 in 2012 and surging to approximately $9,736.82 by 2021. This upward trend, particularly the notable jump between 2020 and 2021, might suggest economic growth, potentially making DeSoto a promising area for real estate investment. The rising tax liabilities also reflect increasing property values and incomes, relevant for potential homebuyers and investors. Nonetheless, those planning to move, build, or insure properties should factor these taxes into their long-term financial planning. Real estate agents, appraisers, and insurance agents alike should stay informed on this trend to better guide their clients.
Cost of Living in DeSoto County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,534 | $1,456 | $1,951 | $1,116 | $1,392 |
| 1 adult 4 children | $1,534 | $1,189 | $1,455 | $1,116 | $1,513 |
| 2 adults 3 children | $1,534 | $1,189 | $1,711 | $1,116 | $1,164 |
| 1 adult 3 children | $1,534 | $971 | $1,215 | $1,116 | $1,266 |
| 2 adults 2 children | $1,160 | $974 | $1,471 | $969 | $947 |
| 1 adult 2 children | $1,160 | $727 | $975 | $969 | $933 |
| 2 adults 1 child | $1,160 | $769 | $1,232 | $492 | $885 |
| 1 adult 1 child | $1,160 | $497 | $736 | $492 | $748 |
| 2 adults | $1,014 | $618 | $992 | $0 | $758 |
| 1 adult | $899 | $337 | $496 | $0 | $646 |
Safety trends & Data
DeSoto County, Mississippi, has witnessed property crime fluctuations over the past five years, with Larceny - Theft peaking at 722 incidents in 2019. Burglary and Motor Vehicle Theft have trended upward, raising potential property security concerns. Embezzlement incidents notably increased to 68 in 2022. These trends may impact real estate investment, indicating a need for enhanced security measures and possibly affecting insurance... Read more
Property Crime Trends in DeSoto County, MS Over the Last 5 Years
DeSoto County, Mississippi, has seen notable fluctuations in property crime over the last five years, with Larceny - Theft consistently being the most prevalent issue, peaking at 722 incidents in 2019. Burglary and Motor Vehicle Theft have shown a general upward trend, signaling potential concerns for property security. Fraud, Forgery, and Embezzlement have also displayed variability, with Embezzlement markedly rising to 68 incidents in 2022. Investors and those in real estate might find these trends impactful, indicating a potential need for enhanced security measures and possibly affecting insurance premiums.
Demographics
DeSoto County, Mississippi, shows a notable female majority in its adult population. The county is fairly young, with a significant chunk of the population under 44 years old. Educational attainment varies, with high school graduates and those with some college education making up the largest segments. The racial makeup is predominantly White, although there's a considerable Black or African American presence. These trends are vital for understanding community needs and planning local resources... Read more
Race Distribution in DeSoto County, Mississippi (2022)
Educational Attainment in DeSoto County, Mississippi (2022)
Age Distribution in DeSoto County, Mississippi
Citizen Population in DeSoto County, Mississippi (2022)
Political Trends & Data
In Desoto County, Mississippi, the real estate market may be influenced by its political leanings, with about 61% of votes favoring the Republican Party in the 2020 Presidential Election. This GOP stronghold could shape the area's development landscape, potentially attracting certain demographics or business types aligned with conservative values. The Democratic Party's 37% of the vote suggests there's still a notable, though smaller, presence which might impact local policies or community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Desoto County, Mississippi, showed a pronounced leaning towards the Republican Party, with approximately 61% of the vote potentially indicating a strong GOP foothold in the area. The Democratic Party secured about 37% of the vote, which seems to reflect some measure of support but falls significantly behind. Third-party candidates, including Libertarian and Green parties, as well as other minor parties, collectively garnered a much smaller share, which may suggest limited influence in this county.
61.03% of voters voted for the Republican party in the 2020 Presidential Election
37.13% of voters voted for the Democrat party in the 2020 Presidential Election
0.95% of voters voted for the Livertarian party in the 2020 Presidential Election
0.13% of voters voted for the Green party in the 2020 Presidential Election
0.76% of voters voted for the Other party in the 2020 Presidential Election
School Data
DeSoto County, Mississippi has seen its student-to-teacher ratio improve from 17.49 in 2017 to 13.75 in 2023. This trend could be particularly appealing for families moving to the area, as smaller class sizes often mean more individualized attention and potentially better academic outcomes. For real estate agents and investors, this data enhances the attractiveness of the local education system, which is a key factor in property valuation. With a current ratio of 13.75, DeSoto County even... Read more
Student-to-teacher ratio in Desoto County, Mississippi over the last 10 years
The student-to-teacher ratio in DeSoto County, Mississippi has shown a general trend of improvement over the last decade, with a notable drop from 17.49 in 2017 to 13.75 in 2023. This shift toward lower ratios is significant, particularly for families moving to the area, as smaller class sizes often correlate with more individualized attention and potentially better academic outcomes. For real estate agents and those looking to invest in property, these improvements can enhance the appeal of the local education system. Appraisers and insurance agents might also find this data useful, as quality schools are a key factor in property valuation. Notably, the current ratio of 13.75 is better than the US national average of 14 students per teacher, indicating that DeSoto County offers a comparatively favorable educational environment.
