Hinds County Real Estate and Livability Trends
The real estate trends in Hinds County, Mississippi show median home values jumping from $107,100 in 2015 to $141,600 in 2022, outpacing statewide growth—indicating potential opportunities for both investors and homeowners. Rising real estate taxes, which went from $2,171.66 in 2012 to $3,514.01 in 2021, suggest higher property values or possible tax rate adjustments. The area has also seen a... Read more
Hinds County Market Trends
Real estate trends in Hinds County, Mississippi, show an upward swing in median home values, climbing from $107,100 in 2015 to $141,600 in 2022, outpacing the state's overall growth. This relative affordability combined with consistent appreciation has potential appeal for both homeowners and investors. The average residential energy tax credit has also risen, suggesting more investments in... Read more
Median Value of Occupied Housing Units in Hinds County, Mississippi Over the Last 8 Years
Real estate trends in Hinds County, Mississippi have shown a steady upward trajectory in median home values over the last eight years, rising from $107,100 in 2015 to $141,600 in 2022. This growth seems to outpace the state's overall increase, which reached $151,000 in 2022 from $103,100 in 2015. Interestingly, while Hinds County's median values are consistently lower than the national median, which hit $179,400 in 2022, the county's relative affordability and consistent appreciation could offer significant value for potential homeowners and investors.
Residential Energy Tax Credit Per Tax Return in Hinds County, MS Over the Last 9 Years
Hinds County, Mississippi has seen a fluctuating but generally increasing trend in residential energy tax credits over the past nine years. Starting at an average of $375.00 per tax return in 2013, the credit peaked significantly at $1,031.25 in 2018, with considerable variances seen year-to-year. This growth could suggest an increasing investment in energy-efficient home improvements within the county, making it potentially attractive for homebuilders and real estate investors interested in sustainable properties. Appraisers and insurance agents might view this trend as an indicator of rising property values and better-maintained homes.
Average Real Estate Taxes Per Tax Return in Hinds County, MS Over the Last 10 Years
Over the past decade in Hinds County, Mississippi, there has been a noticeable upward trend in real estate taxes per tax return, increasing from about $2,171.66 in 2012 to approximately $3,514.01 in 2021. This steady rise may suggest increasing property values or changes in tax rates that could impact investment returns and homeownership costs. For those considering property transactions or real estate investments in the area, this trend indicates a potential increase in annual expenses associated with property taxes. Real estate agents and appraisers might find this information particularly relevant for advising clients and setting property values, while insurance agents and homeowners should consider its impact on overall housing affordability.
Percentage of Farm Returns in Hinds County, MS Over the Last 10 Years
Farm tax returns in Hinds County, Mississippi, have shown relatively stable trends over the past decade, fluctuating between approximately 1.17% and 1.29%. These modest fluctuations might suggest a level of consistency in the agricultural sector's contribution to the local economy. For those considering investments or property developments in Hinds County, this could imply a steady agricultural presence, albeit not a dominating one. Understanding these trends could be crucial for stakeholders aiming to gauge the viability and economic stability influenced by local farming activities.
Number of Mortgages by Occupancy Type in Hinds County, MS Over the Last 5 Years in Hinds County
Hinds County, Mississippi, has seen fluctuating mortgage counts over the last five years, especially for principal residences. Investment properties have had relatively stable numbers, while principal residences spiked in 2021 but declined by 2022. Second residences have consistently had the lowest counts but slightly varied year-to-year. Shifts in occupancy types could influence investment strategies, impact home values, and affect local market dynamics, making it essential for investors, real estate agents, and policy planners to monitor these patterns closely. If principal residence mortgages continue to dip, it might indicate changing housing preferences or economic conditions affecting homeownership.
Economic Outlook
Hinds County, Mississippi has seen a notable rise in average taxable income per tax return from $43,602.99 in 2013 to $54,173.36 by 2021, potentially signaling a strengthening local economy. However, the fluctuation in average total tax liability, which peaked at $8,712.39 in 2021, suggests variable economic conditions. State and local income taxes have also increased, reaching $9,231.76 in 2021, likely due to rising incomes or tax policy adjustments. Meanwhile, poverty rates have been erratic,... Read more
Average Taxable Income per Tax Return in Hinds County, MS over the last 9 years
Hinds County, Mississippi has seen a noticeable upward trend in average taxable income per tax return over the past nine years. Starting at $43,602.99 in 2013, income levels rose to $54,173.36 by 2021. This upward shift is particularly relevant for those considering investment opportunities, moving to the area, or involved in property development. Appraisers and insurance agents might also find this data insightful for adjusting valuations and risk assessments, respectively. For real estate agents, the rising incomes could indicate a strengthening local economy, potentially driving demand for homes and commercial properties.
Average State and Local Income Taxes Per Tax Return in Hinds County, MS Over the Last 10 Years
Over the last decade, Hinds County, Mississippi has shown a noticeable increase in the average state and local income taxes per tax return. Starting at around $5,192.76 in 2012, there have been some fluctuations, but a significant spike was observed from 2018 onwards, peaking at $9,231.76 in 2021. This trend could indicate rising income levels or changes in state tax policies, making it a potentially valuable insight for those looking to invest, move, or build property in the region.
Average Total Tax Liability Per Tax Return in Hinds County, MS Over the Last 10 Years
Over the past decade, Hinds County, Mississippi has shown a somewhat fluctuating trend in average total tax liability per tax return. Starting at $8,031.30 in 2012, the tax liability saw a general upward trend, reaching a high of $8,712.39 in 2021. However, there were notable dips, such as in 2015 and 2019, where the values dipped to $8,135.54 and $7,918.32 respectively. This overall rise in tax liability could suggest an increase in taxable income or changes in tax policies, impacting how individuals and businesses should plan financially. For potential investors and real estate agents, this trend might signal evolving economic conditions in the county. Appraisers and insurance agents might also find this data relevant when assessing property values and risks.
Cost of Living in Hinds County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,252 | $1,516 | $1,994 | $985 | $1,177 |
| 1 adult 4 children | $1,252 | $1,238 | $1,487 | $985 | $1,249 |
| 2 adults 3 children | $1,252 | $1,239 | $1,749 | $985 | $952 |
| 1 adult 3 children | $1,252 | $1,011 | $1,242 | $985 | $1,005 |
| 2 adults 2 children | $1,029 | $1,014 | $1,504 | $855 | $840 |
| 1 adult 2 children | $1,029 | $757 | $997 | $855 | $778 |
| 2 adults 1 child | $1,029 | $801 | $1,259 | $433 | $792 |
| 1 adult 1 child | $1,029 | $518 | $752 | $433 | $651 |
| 2 adults | $882 | $644 | $1,014 | $0 | $682 |
| 1 adult | $869 | $351 | $507 | $0 | $604 |
Safety trends & Data
Hinds County, Mississippi has seen notable drops in property crime rates over the past five years, making it potentially attractive to investors and home buyers. Larceny-Theft dramatically decreased from 1,377 incidents in 2018 to just 196 in 2022, while Burglary fell from 263 to 2 incidents in the same period. Although Vandalism and Fraud also saw declines, the sharp year-on-year changes could prompt caution among insurance agents and property developers when considering long-term... Read more
Property Crime Trends in Hinds County, MS Over the Last 5 Years
Hinds County, Mississippi has experienced notable fluctuations in property crime rates over the past five years. Larceny-Theft saw a significant decrease, dropping from 1,377 incidents in 2018 to just 196 in 2022. Burglary and Motor Vehicle Theft also saw significant reductions, with Burglary falling from 263 incidents in 2018 to 2 in 2022. Interestingly, Vandalism and Fraud saw similar downward trends. The overall decline in property crime could suggest a safer environment, potentially appealing to investors, home buyers, and real estate agents. However, the sharp year-on-year changes may require a cautious approach for insurance agents and property developers when considering long-term trends.
Demographics
Hinds County, Mississippi shows a slight female majority in its adult population. Education levels appear to skew towards high school graduates, with "Some college, no degree" and "Bachelor's degree" also being significant categories. The age distribution indicates a fairly young populace, with a notable proportion of residents in the "Under 10 years" and "25 to 34 years" brackets. The racial composition is predominantly Black or African American, comprising a substantial portion compared to... Read more
Race Distribution in Hinds County, Mississippi (2022)
Educational Attainment in Hinds County, Mississippi (2022)
Age Distribution in Hinds County, Mississippi
Citizen Population in Hinds County, Mississippi (2022)
Political Trends & Data
Hinds County, Mississippi, showed a strong preference for Democratic candidates during the 2020 U.S. Presidential Election, with over 73% of the votes going to Democrats. Republicans captured just above 25%, indicating a notable difference in political alignment. Minor parties such as the Libertarian and Green parties failed to make an impact, each receiving less than 1% of the vote, highlighting the county's pronounced two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hinds County, Mississippi, leaned heavily toward Democratic candidates in the 2020 U.S. Presidential Election, capturing over 73% of the votes. Republicans lagged significantly with just over 25%. Minor parties like the Libertarian and Green parties did not make a substantial impact, with each garnering less than 1% of the vote, suggesting a strong two-party system presence in this county.
25.14% of voters voted for the Republican party in the 2020 Presidential Election
73.55% of voters voted for the Democrat party in the 2020 Presidential Election
0.40% 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
0.80% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Hinds County, Mississippi, the student-to-teacher ratio has dropped from a peak of 16 in 2017 to around 12 in 2023. This reduction could appeal to potential investors, real estate agents, and families, as it suggests more personalized education. The current ratio is below the national average, which might be beneficial for property values, making the county more attractive overall for those prioritizing educational quality. Understanding these dynamics can help appraisers and insurance... Read more
Student-to-teacher ratio in Hinds County, Mississippi over the last 10 years
Hinds County, Mississippi has seen a fluctuation in its student-to-teacher ratio over the past decade, peaking at 16 students per teacher in 2017 and gradually declining to about 12 students per teacher in 2023. This trend might matter for potential investors, real estate agents, or families considering moving to the county because a lower student-to-teacher ratio can be indicative of more personalized attention in classrooms, potentially leading to better educational outcomes. The recent decrease in the ratio positions Hinds County below the current national average, which could be attractive for those prioritizing education. For appraisers and insurance agents, understanding these dynamics helps evaluate property values better, as areas with better educational prospects often see more stable or increasing property values.
