Grenada County Real Estate and Livability Trends
Grenada County, Mississippi's real estate market shows intriguing trends. Average taxable income per tax return has increased from $39,666.03 in 2013 to $51,736.16 in 2021, suggesting potential economic stability. Median home values have climbed to $130,100 in 2022, reflecting an emerging market that may be attractive to investors. Rising state and local income taxes and real estate taxes, which... Read more
Grenada County Market Trends
Grenada County, Mississippi's median home values have shown considerable growth, reaching $130,100 in 2022. Though still below the national median of $179,400, this trend suggests an emerging market appealing to investors. Fluctuations in residential energy tax credits, which peaked at $1166.67 in 2018, highlight potential benefits for energy-efficient home investments. Meanwhile, a significant... Read more
Median Value of Occupied Housing Units in Grenada County, Mississippi Over the Last 8 Years
Grenada County, Mississippi has seen some considerable growth in median home values over the last eight years, culminating in a jump to $130,100 by 2022. This pace of increase outperforms the state's trend when comparing percentage growth rates, although it still lags behind the national median value of $179,400. This suggests an upward trajectory that could be attractive for potential investors looking for opportunities within the region. Moreover, while home values in Grenada County have historically been lower, the recent surge might indicate an emerging market, making it a candidate for both development and residential consideration.
Residential Energy Tax Credit Per Tax Return in Grenada County, MS Over the Last 9 Years
Grenada County, Mississippi has seen significant fluctuations in average residential energy tax credits per tax return over the last nine years. From a modest $276.92 in 2013, the value spiked to $440.00 in 2017 and reached a peak at $1166.67 in 2018. Although there's been some variability, the average credits remained relatively high after 2018, with $833.33 in 2021. Such trends suggest potential benefits for homeowners investing in energy-efficient improvements, making the location appealing for eco-conscious buyers and real estate agents eyeing properties with energy upgrades. Appraisers and insurance agents might also find these fluctuations noteworthy for assessing property values and insurance premiums.
Average Real Estate Taxes Per Tax Return in Grenada County, MS Over the Last 10 Years
Over the past decade, Grenada County, Mississippi has seen a notable upward trend in average real estate taxes per tax return, increasing from about $1,803.47 in 2012 to approximately $3,337.93 in 2021. This escalation could be signaling rising property values, potentially appealing for real estate investors and agents considering the locale. The steep rise between 2017 and 2019, with taxes jumping from around $2,109.63 to nearly $2,997.30, might reflect significant property market changes or local policy shifts. This sustained increase is essential intel for appraisers, insurance agents, and those building or moving to the area, as it might impact property valuation, insurance costs, and overall affordability.
Percentage of Farm Returns in Grenada County, MS Over the Last 10 Years
Over the past decade, Grenada County, Mississippi has seen farm returns hover around 3.40% to 3.72% with minor fluctuations. This stability in farm tax returns suggests a consistent agricultural economy, potentially providing reassurance for prospective investors looking into farmland or agricultural ventures. For those interested in moving to or building property in Grenada County, understanding these figures can offer insight into the area's economic health and stability. Moreover, farm tax returns reflect overall agricultural productivity, which might be a pivotal factor for families and businesses considering rural opportunities in the county.
Number of Mortgages by Occupancy Type in Grenada County, MS Over the Last 5 Years in Grenada County
The number of mortgages in Grenada County, Mississippi, reveals interesting fluctuations over the past five years. Principal Residence mortgages surged to 810 in 2021 from a low of 576 in 2018, hinting at a strong demand for primary homes. Investment Property mortgages stayed relatively stable, slightly decreasing from 85 in 2022 to 55 in 2020. Second Residence mortgages remain a minor segment, consistently in the single digits. Shifts in these numbers suggest changing homeowner priorities and investment strategies. Such trends could influence property values, insurance rates, and the overall economic vitality of Grenada County, making them crucial for decisions by investors, homebuyers, and real estate professionals.
Economic Outlook
Grenada County, Mississippi has seen average taxable income per tax return rise from $39,666.03 in 2013 to $51,736.16 in 2021, hinting at possible economic stability and growth. Concurrently, state and local income taxes per tax return have surged from $4,394.93 in 2012 to $8,478.13 in 2021, with a sharp increase between 2017 and 2019. Alongside this, the total tax liability per tax return also climbed from about $6,100 in 2012 to approximately $7,776 by 2021. For investors and real estate... Read more
Average Taxable Income per Tax Return in Grenada County, MS over the last 9 years
The average taxable income per tax return in Grenada County, Mississippi has been gradually increasing over the past nine years, starting from $39,666.03 in 2013 to $51,736.16 in 2021. This upward trend suggests a potential for economic stability and growth in the region, which could be appealing to investors looking for steady returns. Real estate agents and appraisers might find this trend indicative of rising property values, while insurance agents might see it as a sign of increasing prosperity among residents. For those considering moving to Grenada County, the consistent increase in taxable income could mean improving local amenities and opportunities.
Average State and Local Income Taxes Per Tax Return in Grenada County, MS Over the Last 10 Years
Over the past decade, Grenada County, Mississippi has seen a notable uptrend in average state and local income taxes per tax return, moving from $4,394.93 in 2012 to $8,478.13 in 2021. Particularly sharp increases were observed between 2017 and 2019, where average taxes spiked from $4,859.15 to $7,422.22. This suggests that Grenada County could be experiencing economic growth, thereby potentially increasing the income levels of its residents. For investors, developers, and prospective residents, understanding these trends offers a glimpse into the evolving economic landscape of the county.
Average Total Tax Liability Per Tax Return in Grenada County, MS Over the Last 10 Years
Over the past decade, Grenada County, Mississippi has generally seen a rise in average total tax liability per tax return. Starting at approximately $6,100 in 2012, a notable increase occurred, reaching about $7,776 by 2021. The most significant jumps appear around 2015 and 2020, which might reflect changes in economic conditions or local policies. This trend can be essential for investors, real estate agents, and those in the insurance industry to understand potential shifts in the financial landscape and cost of living in the area.
Cost of Living in Grenada County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $966 | $1,363 | $1,877 | $578 | $820 |
| 2 adults 3 children | $966 | $1,114 | $1,646 | $578 | $658 |
| 1 adult 4 children | $966 | $1,113 | $1,400 | $578 | $833 |
| 1 adult 3 children | $966 | $909 | $1,169 | $578 | $632 |
| 2 adults 2 children | $769 | $912 | $1,416 | $509 | $597 |
| 2 adults 1 child | $769 | $721 | $1,185 | $283 | $615 |
| 1 adult 2 children | $769 | $681 | $938 | $509 | $511 |
| 1 adult 1 child | $769 | $465 | $708 | $283 | $509 |
| 2 adults | $584 | $579 | $955 | $0 | $558 |
| 1 adult | $580 | $316 | $477 | $0 | $506 |
Safety trends & Data
Property crime trends in Grenada County, Mississippi have shown fluctuating patterns over the last four years. 2018 was notable for high incidents of burglary and larceny-theft at 20.00 and 18.00 respectively, while 2020 saw a significant decline. However, there was an uptick again in 2022, especially in burglary and fraud, with reported cases at 10.00 and 6.00 respectively. These variations could influence real estate investments, property values, and insurance rates, making it crucial for... Read more
Property Crime Trends in Grenada County, MS Over the Last 4 Years
Property crime trends in Grenada County, Mississippi over the last four years show fluctuating numbers with notable peaks and troughs. 2018 had higher incidents of burglary and larceny-theft at 20.00 and 18.00 respectively, while 2020 marked a significant decline with most categories showing minimal activity. An uptick appeared again in 2022, especially for burglary and fraud with 10.00 and 6.00 reported cases respectively. These patterns suggest varying property crime risks across years, with potential implications for investments, real estate valuations, and insurance assessments.
Demographics
Grenada County, Mississippi, shows a reasonably balanced gender ratio with a slightly higher number of females. Education-wise, high school graduates make up the largest segment, which suggests potential for workforce development initiatives focusing on higher education. The age distribution indicates a relatively mature population, with a significant portion in the 55 to 64 years bracket, implying a future increase in demand for senior services. The racial makeup is predominantly White and... Read more
Race Distribution in Grenada County, Mississippi (2022)
Educational Attainment in Grenada County, Mississippi (2022)
Age Distribution in Grenada County, Mississippi
Citizen Population in Grenada County, Mississippi (2022)
Political Trends & Data
Grenada County, Mississippi leaned significantly Republican in the 2020 U.S. Presidential Election, with about 56% of the vote going to the GOP. Democrats garnered roughly 43%, indicating a notable preference gap. Minor parties had minimal impact, collecting less than 1% each. This voting behavior might hint at a stable Republican base in the area, though future shifts can't be ruled... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Republicans received roughly 56% of the vote in Grenada County, Mississippi during the 2020 U.S. Presidential Election, showing a clear preference for the GOP. Democrats trailed with about 43%, highlighting a significant gap between the two major parties. Minor parties, including Libertarian and Green, barely made a mark with less than 1% each. This voting pattern may suggest a solid Republican stronghold, though such trends could be subject to change in future elections.
55.73% of voters voted for the Republican party in the 2020 Presidential Election
43.39% 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
0.07% of voters voted for the Green party in the 2020 Presidential Election
0.46% of voters voted for the Other party in the 2020 Presidential Election
School Data
Grenada County, Mississippi's student-to-teacher ratio has fluctuated over the past decade, peaking at eighteen students per teacher in 2016 and 2018, and recently settling to about nine students per teacher by 2023. With a current ratio well below the national average of fourteen students per teacher, Grenada County may offer more individualized attention for students. This trend likely impacts real estate values, local educational reputation, and resource allocation, making it a key factor... Read more
Student-to-teacher ratio in Grenada County, Mississippi over the last 10 years
Grenada County, Mississippi has seen notable fluctuations in its student-to-teacher ratio over the past decade, with ratios peaking at eighteen students per teacher in 2016 and 2018, and settling to roughly nine students per teacher by 2023. Compared to the national average of fourteen students per teacher, Grenada County’s current ratio suggests smaller class sizes, which could imply more individualized attention for students. Shifts in this metric could impact real estate values, local educational reputation, and resource allocation, making it a critical factor for prospective movers, investors, appraisers, and educators to consider.
