Hancock County Real Estate and Livability Trends
Hancock County, Mississippi's real estate market is notably dynamic, with average taxable income per tax return hitting $64,459.27 in 2021, hinting at potential economic growth. Property values saw a remarkable increase from $133,000 in 2015 to $197,400 in 2022, outpacing state and national rates, which could mean solid investment opportunities. Real estate taxes surged to $3,765.71 by 2021,... Read more
Hancock County Market Trends
In Hancock County, Mississippi, the median home values skyrocketed from $133,000 in 2015 to $197,400 in 2022, outpacing both state and national growth rates. Residential energy tax credits per return displayed notable fluctuations over the last decade, peaking at $1,460.00 in 2018, suggesting an evolving focus on energy efficiency investments. Real estate taxes per return surged from $2,010.40 in... Read more
Median Value of Occupied Housing Units in Hancock County, Mississippi Over the Last 8 Years
In Hancock County, Mississippi, the median home values showed significant growth over the last eight years, rising from $133,000 in 2015 to $197,400 in 2022. This increase outpaced the state of Mississippi, where median home values went from $103,100 to $151,000 during the same period, and even the national trend, where values increased from $125,500 to $179,400. For anyone considering moving to or investing in Hancock County, this rapid appreciation may indicate a robust real estate market with strong potential for future returns.
Residential Energy Tax Credit Per Tax Return in Hancock County, MS Over the Last 9 Years
Hancock County, Mississippi has seen notable fluctuations in residential energy tax credits per tax return over the last nine years. From a modest average of $278.57 in 2013, there was a dramatic rise to $987.50 by 2017, peaking at an impressive $1,460.00 in 2018. Although there was a decline to $644.44 in 2020, the average rebounded to $811.11 in 2021. This suggests an evolving emphasis on energy efficiency investments, possibly indicating favorable conditions for further renewable energy endeavors in the county. This information can be particularly useful for investors, appraisers, and real estate agents looking to understand local market dynamics and potential incentives in Hancock County.
Average Real Estate Taxes Per Tax Return in Hancock County, MS Over the Last 10 Years
In Hancock County, Mississippi, average real estate taxes per tax return have shown a noticeable upward trajectory over the past decade. Starting at $2,010.40 in 2012, the amount has more than doubled, reaching $3,765.71 by 2021. Significant jumps, particularly post-2016, suggest a surge in property valuations or tax rate adjustments. These shifts could be pivotal for anyone considering investments or moving to the area, as they directly impact cost of ownership and affordability.
Percentage of Farm Returns in Hancock County, MS Over the Last 10 Years
Over the past decade, Hancock County, Mississippi has seen relatively modest fluctuations in the percentage of farm tax returns, oscillating between 1.50% and 1.87%. This data might suggest a stable agricultural sector with minor year-to-year variations. Potential investors, property developers, or residents might infer that while there’s been no substantial growth, the agricultural activities maintain a consistent presence, which might reflect broader economic stability in the region.
Number of Mortgages by Occupancy Type in Hancock County, MS Over the Last 5 Years in Hancock County
Over the last five years in Hancock County, Mississippi, there's been a noticeable shift in the types of mortgages being taken out. Principal residences consistently dominate the market, with a peak in 2021 at 2,810 mortgages, suggesting solid local demand for primary homes. Meanwhile, investment properties and second residences have shown more volatility, with investment property mortgages decreasing since 2021 and second residences peaking in 2021 but declining sharply thereafter. These trends might be critical for investors and real estate professionals, hinting at shifting demographic or economic factors influencing housing preferences. Understanding these dynamics can aid in making informed decisions regarding property investments, appraisals, and developments while adjusting insurance policies accordingly.
Economic Outlook
Hancock County, Mississippi, has seen a rise in average taxable income per tax return, hitting $64,459.27 in 2021, hinting at economic growth and possibly higher earning potentials. Additionally, average state and local income taxes have nearly doubled over the past decade, from $4,913.23 in 2012 to $9,245.90 in 2021, which may impact cost of living and financial planning for both investors and residents. The average total tax liability per tax return also saw a peak in 2021 at $9,899.28 after... Read more
Average Taxable Income per Tax Return in Hancock County, MS over the last 9 years
Hancock County, Mississippi has shown a consistent increase in average taxable income per tax return over the past nine years, peaking at $64,459.27 in 2021. This upward trend makes the area potentially attractive for investors and homebuyers, indicating economic growth and possibly reflecting higher earning potentials. Real estate agents and appraisers might find these data points useful in gauging property value trends, while insurance agents could consider the rising incomes when assessing risk and premiums.
Average State and Local Income Taxes Per Tax Return in Hancock County, MS Over the Last 10 Years
Hancock County, Mississippi has seen a notable increase in average state and local income taxes per tax return over the last decade, nearly doubling from $4,913.23 in 2012 to $9,245.90 in 2021. This upward trend may reflect economic growth or policy changes affecting taxpayers. Prospective investors and residents might consider how these rising taxes impact cost of living and financial planning in the area.
Average Total Tax Liability Per Tax Return in Hancock County, MS Over the Last 10 Years
Hancock County, Mississippi has experienced fluctuations in average total tax liability per tax return over the past ten years. Notably, after a steady period, there's been a significant peak in 2021, reaching $9,899.28 — a notable increase from the previous years where values hovered around the $7,000 to $8,000 range. This trend could suggest varying economic conditions or changes in tax regulations affecting residents and businesses. For potential investors, property developers, and real estate agents, understanding these financial shifts is crucial in gauging the economic climate and making informed decisions.
Cost of Living in Hancock County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,225 | $1,472 | $1,936 | $899 | $1,127 |
| 1 adult 4 children | $1,225 | $1,202 | $1,443 | $899 | $1,203 |
| 2 adults 3 children | $1,225 | $1,202 | $1,698 | $899 | $908 |
| 1 adult 3 children | $1,225 | $982 | $1,206 | $899 | $934 |
| 2 adults 2 children | $901 | $984 | $1,460 | $781 | $756 |
| 1 adult 2 children | $901 | $735 | $968 | $781 | $678 |
| 2 adults 1 child | $901 | $778 | $1,222 | $396 | $721 |
| 1 adult 1 child | $901 | $502 | $730 | $396 | $602 |
| 2 adults | $745 | $625 | $985 | $0 | $634 |
| 1 adult | $675 | $341 | $492 | $0 | $544 |
Safety trends & Data
Hancock County, Mississippi, presents an interesting case with its property crime trends over the past five years. Larceny-theft has been the most rampant, reaching 140 incidents in 2020 but declining to 86 in 2022. Burglary saw a slight uptick in 2022 with 22 incidents, compared to a low of 13 in 2021. Vandalism notably increased to 14 incidents in 2022 from just 2 in 2019. In contrast, stolen property arrests trended downward to 5 instances in 2022. These fluctuations imply varying levels of... Read more
Property Crime Trends in Hancock County, MS Over the Last 5 Years
Hancock County, Mississippi, has seen notable fluctuations in property crimes over the past five years. Larceny-theft has consistently been the most prevalent crime, peaking at 140 incidents in 2020 before dropping to 86 in 2022. Burglary, while fluctuating, showed a slight increase in 2022 with 22 incidents, up from a low of 13 in 2021. Embezzlement and motor vehicle theft have remained relatively stable, with minor variances year over year. Vandalism cases saw a noticeable increase to 14 incidents in 2022, up from 2 in 2019. Stolen property arrests, meanwhile, have generally trended downward, culminating in just 5 instances in 2022. These trends suggest areas of risk and opportunity for potential investors, property developers, and local authorities aiming to enhance community safety.
Demographics
Hancock County, Mississippi, shows a higher number of females than males among its adult population, which might be significant for community planning and services. Educational attainment reveals a substantial percentage of residents only finishing high school or attending some college without completing a degree, suggesting efforts to increase higher education access could be beneficial. The county has a considerable portion of its population in the older age brackets, underscoring the need... Read more
Race Distribution in Hancock County, Mississippi (2022)
Educational Attainment in Hancock County, Mississippi (2022)
Age Distribution in Hancock County, Mississippi
Citizen Population in Hancock County, Mississippi (2022)
Political Trends & Data
Hancock County, Mississippi, appears to have a strong conservative base with around 77% of votes going to the Republican candidate in the 2020 U.S. Presidential Election. Democrats trailed with approximately 21%, while third parties collectively made up about 2%. These voting patterns might suggest limited political diversity and a solid conservative presence in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hancock County, Mississippi, seems to lean heavily Republican, with approximately 77% of votes going to the Republican candidate. Democrats garnered around 21%, significantly trailing behind. The Libertarian and Green parties, along with other smaller parties, collectively accounted for roughly 2% of the votes. These trends could indicate a strong conservative presence and possibly limited political diversity in voter preferences within this county during the 2020 U.S. Presidential Election.
76.98% of voters voted for the Republican party in the 2020 Presidential Election
21.49% of voters voted for the Democrat party in the 2020 Presidential Election
0.87% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
0.55% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hancock County, Mississippi has seen significant changes in its student-to-teacher ratio over the last decade, shifting from 14 students per teacher in 2014 to 17 in 2016, then dropping to about 12 by 2023. These trends might suggest varying class sizes and levels of student attention, important factors for those considering relocating or investing in this area. The current ratio falls below the U.S. national average of 14 students per teacher, which could indicate a more favorable educational... Read more
Student-to-teacher ratio in Hancock County, Mississippi over the last 10 years
Hancock County, Mississippi has experienced significant fluctuations in its student-to-teacher ratio over the past decade, trending from 14 students per teacher in 2014 to a peak of 17 students per teacher in 2016, followed by a notable decline to around 12 students per teacher by 2023. These shifts could have implications for educational quality, affecting class sizes and potentially individual student attention, which are crucial for those considering moving to or investing in the area. Comparatively, the county's recent ratios are below the current U.S. national average of 14 students per teacher, suggesting a potentially more favorable learning environment. This information might influence decisions for real estate agents, appraisers, education planners, and families prioritizing education.
