George County Real Estate and Livability Trends
In George County, Mississippi, the median home values jumped by 55% in the past eight years, outpacing both state and national growth, suggesting a brisk real estate market. Coupled with a rise in average residential energy tax credits to $971.43 in 2018, this trend points to increased investments in energy efficiency. Property taxes also surged from $1,280.66 in 2012 to $2,333.33 in 2021,... Read more
George County Market Trends
Over the past eight years, George County, Mississippi has seen a substantial 55% increase in median home values, outpacing the state's 46% rise and nearly matching the national growth of 43%. Average residential energy tax credits in the county peaked at $971.43 in 2018, indicating a growing focus on energy-efficient investments. Property taxes per return have also surged from $1,280.66 in 2012... Read more
Median Value of Occupied Housing Units in George County, Mississippi Over the Last 8 Years
Over the last eight years, George County, Mississippi has seen a significant increase in median home values, jumping from $101,300 in 2015 to $157,200 in 2022. This 55% rise outpaces Mississippi's overall growth from $103,100 to $151,000, reflecting a statewide increase of approximately 46%. Even more impressively, George County’s market has nearly kept pace with the national median, which rose from $125,500 to $179,400 in the same period, marking a 43% increase. Such dynamics suggest that George County could be an attractive spot for investors looking to capitalize on rapid local appreciation, potentially offering more affordable entry points with strong upside potential compared to national trends.
Residential Energy Tax Credit Per Tax Return in George County, MS Over the Last 9 Years
George County, Mississippi has seen notable fluctuations in the average residential energy tax credit per tax return over the past nine years. Starting at $295.65 in 2013 and gradually rising to a peak of $971.43 in 2018, these credits indicate a growing emphasis on energy-efficient investments. This trend exhibits significant potential for investors and property developers interested in sustainable energy solutions. For real estate agents, highlighting these increasing credits could be a valuable selling point, while appraisers and insurance agents might see this as a factor in property valuations and risk assessments.
Average Real Estate Taxes Per Tax Return in George County, MS Over the Last 10 Years
Over the last decade, George County, Mississippi has experienced a steady increase in average real estate taxes per tax return, with a notable jump from $1,280.66 in 2012 to $2,333.33 in 2021. This trend suggests rising property values or increased tax rates, which could impact investors, potential residents, and real estate stakeholders. Those considering property investments here should account for higher carrying costs, and insurance agents might see rising premiums. It's important for appraisers and real estate agents to stay updated on these changes, as they influence market conditions and property valuations.
Percentage of Farm Returns in George County, MS Over the Last 10 Years
George County, Mississippi has seen slight fluctuations in farm tax returns over the last decade, averaging around 7.4% to 7.8% with a noticeable dip to 6.61% in 2020. Farm tax returns represent the percentage of tax filings specifically from farming enterprises—essential for assessing the agricultural economic activity. These figures could imply varying levels of profitability and investment in local agriculture, pivotal for stakeholders evaluating the economic health and opportunities in the county. Whether you're looking to invest in farming, move to a rural setting, or gauge agricultural stability, trends in farm tax returns provide crucial insights.
Number of Mortgages by Occupancy Type in George County, MS Over the Last 5 Years in George County
George County, Mississippi, has seen a steady increase in mortgages for principal residences over the last five years, peaking in 2021 with 1,188 mortgages. Investment properties have had minor fluctuations but remained relatively consistent, generally hovering around the 40-mark. Notably, second residences, although constituting the smallest segment, have shown a slight upward trend. Shifts in these occupancy types can be pivotal for investors, appraisers, insurance agents, and real estate professionals; increasing primary residence loans suggest a stable or growing local population, while investment property trends might indicate economic confidence or interest in rental markets. Such dynamics provide valuable insights into the county’s real estate market vitality and housing demands.
Economic Outlook
In George County, Mississippi, the average taxable income has generally risen over the past nine years, moving from around $47,815.09 in 2013 to approximately $59,478.72 in 2021. This trend, while punctuated by some fluctuations, indicates a stable economic environment and could suggest potential growth opportunities in the real estate market. Coupled with the notable increase in state and local income taxes, which grew to $8,136.36 in 2021 from $3,635.57 in 2012, there's an implication of a... Read more
Average Taxable Income per Tax Return in George County, MS over the last 9 years
The average taxable income per tax return in George County, Mississippi has seen a general upward trend over the last nine years, moving from approximately $47,815.09 in 2013 to around $59,478.72 in 2021. Notably, there were some fluctuations, with a significant rise between 2018 and 2021. For investors, real estate agents, and those considering relocation, this suggests a relatively stable economic environment with potential for growth. Additionally, the gradual increase in taxable income could be an indicator of improving financial health among residents, which may factor into property values and investment opportunities.
Average State and Local Income Taxes Per Tax Return in George County, MS Over the Last 10 Years
George County, Mississippi, has experienced a notable increase in average state and local income taxes per tax return over the last decade. Starting from an average of $3,635.57 in 2012, the amounts have steadily climbed, with a significant spike observed in the last few years, reaching $8,136.36 in 2021. This upward trend may suggest a growing economic base or shifts in local tax policies, making it a point of interest for investors and potential residents to keep an eye on.
Average Total Tax Liability Per Tax Return in George County, MS Over the Last 10 Years
Over the last decade, George County, Mississippi has seen a gradual increase in the average total tax liability per tax return, starting from $5,660.03 in 2012, climbing to a high of $8,261.14 by 2021. This trend may reflect a growing economy, higher incomes, and possibly increased property values in the area. For those considering real estate investments, building property, or living in George County, these rising tax liabilities suggest a vibrant, possibly more affluent market. Real estate agents, appraisers, and insurance agents can use this insight to better understand potential clients' financial obligations and property valuations in the region.
Cost of Living in George County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $977 | $1,319 | $1,898 | $553 | $874 |
| 1 adult 4 children | $977 | $1,077 | $1,416 | $553 | $921 |
| 2 adults 3 children | $977 | $1,078 | $1,665 | $553 | $713 |
| 1 adult 3 children | $977 | $880 | $1,182 | $553 | $706 |
| 2 adults 2 children | $774 | $882 | $1,432 | $488 | $653 |
| 2 adults 1 child | $774 | $697 | $1,199 | $275 | $651 |
| 1 adult 2 children | $774 | $659 | $949 | $488 | $549 |
| 1 adult 1 child | $774 | $450 | $716 | $275 | $544 |
| 2 adults | $612 | $560 | $965 | $0 | $599 |
| 1 adult | $609 | $305 | $483 | $0 | $539 |
Safety trends & Data
George County, Mississippi has seen some intriguing shifts in property crime over the past four years. Burglary rates doubled from 9.0 cases in 2019 to 18.0 in 2020 but then leveled off. Larceny-theft saw a notable dip in 2021, rising again to 9.0 cases in 2022. Motor vehicle theft has been relatively stable, peaking at 9.0 cases in 2021. While arson and fraud cases remained minimal, the variability in vandalism and stolen property offenses reveals shifting local criminal activities. These... Read more
Property Crime Trends in George County, MS Over the Last 4 Years
Over the past four years, George County, Mississippi has experienced varying trends in property crime. The incidence of burglary shows an uptick, climbing from 9.0 cases in 2019 to a peak of 18.0 in 2020, and slightly stabilizing thereafter. Conversely, larceny-theft experienced fluctuations, with a notable dip in 2021 but ending with an increase to 9.0 cases in 2022. Motor vehicle theft remained relatively stable, peaking at 9.0 cases in 2021. Interestingly, arson and fraud cases have been minimal but consistent. Embezzlement appears sporadically but doesn't show a significant trend. Vandalism and stolen property offenses show variability, suggesting shifts in local criminal activities. These trends hold relevance for potential investors, residents, and professionals considering the nuances in property-related crime for risk assessments and decision-making in George County.
Demographics
George County, Mississippi, exhibits a roughly balanced gender split among adults and a relatively high level of educational attainment, with the majority having at least a high school diploma. The age distribution is relatively youthful but shows a substantial portion of the population falling in the 55 to 64 age range. The racial makeup is predominantly White, comprising over 90% of the population, with Black or African American being the next largest group. These trends suggest that George... Read more
Race Distribution in George County, Mississippi (2022)
Educational Attainment in George County, Mississippi (2022)
Age Distribution in George County, Mississippi
Citizen Population in George County, Mississippi (2022)
Political Trends & Data
George County, Mississippi, leans heavily Republican, with nearly 88% of votes in the 2020 Presidential Election going for the GOP candidate. Democrats trailed significantly at around 11%, and minor parties barely made a dent. This pronounced political alignment likely mirrors the county's cultural leanings and local issues that align more with conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
George County, Mississippi, shows a predominantly Republican leaning in the 2020 Presidential Election, with nearly 88% of votes cast for the Republican candidate. Democrats garnered around 11%, while minor parties such as Libertarian and Green tallied less than 1% each. The strong Republican preference could reflect the county's broader political culture and local issues that resonate more with conservative values.
87.91% of voters voted for the Republican party in the 2020 Presidential Election
11.02% of voters voted for the Democrat party in the 2020 Presidential Election
0.49% 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
0.49% of voters voted for the Other party in the 2020 Presidential Election
School Data
In George County, Mississippi, the student-to-teacher ratio has fluctuated from a peak of eighteen students per teacher in 2017 to a low of fourteen in 2023, typically sitting just above the national average of fourteen students per teacher. This trend can provide insights into educational quality and resource allocation, potentially affecting property values and desirability. Appraisers and insurance agents might find these statistics useful for risk assessment and property... Read more
Student-to-teacher ratio in George County, Mississippi over the last 10 years
Over the last decade, George County, Mississippi has seen fluctuation in its student-to-teacher ratio, peaking at eighteen students per teacher in 2017 and dipping to its lowest at fourteen in 2023. While the national average sits at fourteen students per teacher, George County's ratio generally hovers slightly above this benchmark. For investors, real estate agents, and potential residents, these trends might suggest varying levels of education quality and resource allocation, which could impact property values and desirability. Appraisers and insurance agents might consider these educational statistics when evaluating risk and property worth.
