Forrest County Real Estate and Livability Trends
Forrest County, Mississippi has seen a notable rise in average taxable income per tax return, from about $47,692.56 in 2013 to approximately $59,704.61 in 2021, suggesting possible economic development and increased housing market stability. The median home values have climbed significantly from $110,600 in 2015 to $144,000 in 2022. Real estate taxes have nearly doubled over the past decade,... Read more
Forrest County Market Trends
Forrest County, Mississippi has experienced a significant rise in median home values, climbing from $110,600 in 2015 to $144,000 in 2022. This local trend moderately aligns with the state's overall increase but remains below the national median. Average residential energy tax credits peaked at $1,212.50 in 2018, indicating a growing focus on energy-efficient home improvements. Real estate taxes... Read more
Median Value of Occupied Housing Units in Forrest County, Mississippi Over the Last 8 Years
Forrest County, Mississippi has seen a steady rise in median home values over the last eight years, increasing from $110,600 in 2015 to $144,000 in 2022. This trend is moderately aligned with overall state trends, where Mississippi's median home values rose from $103,100 to $151,000 in the same period. Although both the county and state levels show growth, Forrest County's values are generally higher than the state average but still fall below the national median, which soared from $125,500 in 2015 to $179,400 in 2022. This indicates Forrest County may provide a more affordable yet appreciating real estate market compared to national levels, making it a potentially attractive spot for investment or relocation within Mississippi.
Residential Energy Tax Credit Per Tax Return in Forrest County, MS Over the Last 9 Years
Forrest County, Mississippi has experienced notable increases in average residential energy tax credits per tax return over the past nine years, with a peak of $1,212.50 in 2018. This upward trend, despite a slight dip in subsequent years, suggests growing investments in energy-efficient improvements among residents. This evolving focus on energy efficiency can attract investors and property developers looking to capitalize on a community that values sustainability, and it also provides potential implications for appraisers and insurance agents assessing property values and risks.
Average Real Estate Taxes Per Tax Return in Forrest County, MS Over the Last 10 Years
Over the past decade, Forrest County, Mississippi has seen a notable increase in average real estate taxes per tax return. Starting from $2,289.08 in 2012, the values show a steady upward trend, peaking at $4,372.87 in 2020 before a slight dip to $3,958.82 in 2021. This trend could suggest rising property values and might be indicative of an improving local economy. For potential investors or insurance agents, understanding this increase is crucial for forecasting future costs and returns in the area.
Percentage of Farm Returns in Forrest County, MS Over the Last 10 Years
Farm tax returns in Forrest County, Mississippi, have shown a steady increase over the past decade, growing from 1.67% in 2012 to around 1.88% in 2021. This uptick might suggest a gradual rise in agricultural activities and perhaps an increased interest in farming investments within the county. If you're considering buying property or investing in the region, it could be seen as a positive indicator of a blooming agricultural economy. However, the steady but slow growth also implies that while there is interest, it may not yet be a significant boom.
Number of Mortgages by Occupancy Type in Forrest County, MS Over the Last 5 Years in Forrest County
Forrest County, Mississippi has shown a consistent preference for mortgages on principal residences, with a marked increase from 2,298 in 2018 to 3,395 in 2021, before a slight dip to 2,630 in 2022. Investment property mortgages have remained relatively stable, hovering around the 360-390 range. Second residences, though consistently the smallest segment, displayed minimal fluctuation. These shifts in mortgage types may signal evolving local economic conditions or demographic changes, impacting potential returns for investors, planning for appraisers, risk assessments for insurance agents, and market dynamics for real estate professionals.
Economic Outlook
Forrest County, Mississippi has seen a notable rise in average taxable income per tax return, from around $47,692.56 in 2013 to about $59,704.61 in 2021, hinting at economic development and possibly increased housing market stability. Over the last decade, average state and local income taxes per tax return have more than doubled, potentially indicating growing economic factors or tax policy adjustments, which could impact investment and home-buying decisions. Average total tax liability per... Read more
Average Taxable Income per Tax Return in Forrest County, MS over the last 9 years
Forrest County, Mississippi has exhibited a noteworthy rise in average taxable income per tax return over the past nine years, boosting from approximately $47,692.56 in 2013 to about $59,704.61 in 2021. While there were some fluctuations, the overall trend indicates a fairly consistent increase, making it an appealing region for real estate investors, homebuilders, and those considering relocation. These income trends may hint at economic development and possibly increased housing market stability.
Average State and Local Income Taxes Per Tax Return in Forrest County, MS Over the Last 10 Years
Over the last decade, Forrest County, Mississippi has seen a consistent rise in average state and local income taxes per tax return, from approximately $6,230.38 in 2012 to potentially more than double that amount, reaching $13,126.40 in 2021. This upward trend might indicate growing local economic factors or adjustments in tax policies, possibly impacting decisions for potential investors, homebuyers, and residents. The spike in 2018, with taxes averaging $9,764.67, and subsequent increases reflect significant changes that could be worth examining for anyone considering financial commitments in this area.
Average Total Tax Liability Per Tax Return in Forrest County, MS Over the Last 10 Years
Over the last decade, Forrest County, Mississippi, has experienced notable fluctuations in average total tax liability per tax return. The highest recorded tax liability was $10,155.64 in 2016, indicative of possible economic growth or changes in tax policy during that period. Conversely, in 2019, the liability dropped to $8,035.60, suggesting economic shifts or personal income changes. These trends are vital for potential investors, homeowners, and real estate professionals to gauge the economic climate and its implications on property investments and financial planning within the county.
Cost of Living in Forrest County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,134 | $1,379 | $2,000 | $945 | $1,047 |
| 1 adult 4 children | $1,134 | $1,126 | $1,491 | $945 | $1,111 |
| 2 adults 3 children | $1,134 | $1,127 | $1,754 | $945 | $848 |
| 1 adult 3 children | $1,134 | $920 | $1,246 | $945 | $876 |
| 2 adults 2 children | $888 | $922 | $1,508 | $821 | $750 |
| 1 adult 2 children | $888 | $689 | $1,000 | $821 | $650 |
| 2 adults 1 child | $888 | $729 | $1,263 | $416 | $698 |
| 1 adult 1 child | $888 | $471 | $754 | $416 | $583 |
| 2 adults | $735 | $586 | $1,017 | $0 | $612 |
| 1 adult | $618 | $319 | $508 | $0 | $510 |
Safety trends & Data
In Forrest County, Mississippi, burglary incidents jumped from 16 in 2019 to 53 in 2022, while larceny-theft cases dropped significantly, from 277 in 2018 to 50 in 2022. Motor vehicle thefts also displayed an upward trend, rising from 7 instances in 2019 to 23 in 2022. Variations in property crime rates could affect property values, insurance premiums, and investment opportunities, making it essential for stakeholders to stay... Read more
Property Crime Trends in Forrest County, MS Over the Last 5 Years
Property crime in Forrest County, Mississippi, has shown variable trends over the last five years. Burglary saw a marked increase, rising from 16 reported instances in 2019 to 53 in 2022. Larceny-theft showed a general downtrend, peaking at 277 cases in 2018 before dropping to 50 in 2022. Motor vehicle thefts have seen fluctuations but generally trended upward, with a noticeable spike from 7 instances in 2019 to 23 in 2022. This evolving crime landscape could potentially impact property values, insurance premiums, and investment opportunities, making it crucial for stakeholders to stay informed.
Demographics
Forrest County, Mississippi's population consists mainly of adults, with females slightly outnumbering males. Educational attainment varies widely, but most residents have completed high school or some college. The age distribution highlights a larger number of young adults in their 20s to early 30s, likely influencing local dynamics such as housing and job markets. The racial composition is predominantly White and Black or African American, making up the vast majority of the demographic... Read more
Race Distribution in Forrest County, Mississippi (2022)
Educational Attainment in Forrest County, Mississippi (2022)
Age Distribution in Forrest County, Mississippi
Citizen Population in Forrest County, Mississippi (2022)
Political Trends & Data
Forrest County, Mississippi, seems to display a preference for Republican candidates, as shown by the 2020 U.S. Presidential Election when they captured about 55% of the vote compared to the Democrats' 43%. Minor parties had minimal impact, hinting at a two-party dominance. This trend might mirror statewide political leanings but local intricacies could be influencing voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Forrest County, Mississippi, appears to lean Republican, based on the 2020 U.S. Presidential Election results. Republicans potentially secured around 55% of the vote, while Democrats garnered about 43%, indicating a relatively clear preference for GOP candidates. Minor parties like the Libertarians and Greens received only a small fraction of the vote, suggesting limited influence in this area. The results might reflect broader state trends, but local factors could also play a significant role.
54.62% of voters voted for the Republican party in the 2020 Presidential Election
43.45% of voters voted for the Democrat party in the 2020 Presidential Election
1.04% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
0.71% of voters voted for the Other party in the 2020 Presidential Election
School Data
Forrest County, Mississippi, has seen its student-to-teacher ratio drop from approximately 14 in 2014 to around 12 in 2023, now below the national average. This trend may appeal to families prioritizing quality education, potentially making the area more attractive to homebuyers. Real estate agents can leverage this to market properties, while investors and developers might find opportunities in a community increasingly seen as stable and... Read more
Student-to-teacher ratio in Forrest County, Mississippi over the last 10 years
Forrest County, Mississippi has seen a notable decrease in the student-to-teacher ratio over the past decade, starting at approximately 14 in 2014 and gradually declining to around 12 in 2023. This lower ratio, which is now below the national average of 14 students per teacher, could suggest smaller class sizes, potentially offering more personalized attention to students. Investors and developers might find this attractive as it may enhance the county's appeal to families prioritizing education. Real estate agents could use this trend to market properties to buyers interested in superior educational environments. Likewise, appraisers and insurance agents might also consider these factors as indicators of a stable, family-oriented community.
