Holmes County Real Estate and Livability Trends
Real estate trends in Holmes County, Mississippi show nuanced changes that could impact investment decisions. The median home value jumped from $51,500 in 2015 to $73,900 in 2022, which, although still below state and national medians, provides a potentially attractive option for those seeking affordability. Residential energy tax credits peaking at $875.00 in 2018 suggest opportunities for... Read more
Holmes County Market Trends
The median home value in Holmes County, Mississippi jumped from $51,500 in 2015 to $73,900 in 2022, still significantly trailing the statewide and national medians. This disparity may draw interest from investors and homebuyers seeking affordability. Residential energy tax credits have increased dramatically, peaking at $875.00 in 2018, suggesting favorable conditions for energy-efficient... Read more
Median Value of Occupied Housing Units in Holmes County, Mississippi Over the Last 8 Years
The median home value in Holmes County, Mississippi has seen a substantial climb from $51,500 in 2015 to $73,900 in 2022. Despite this growth, values still fall significantly short compared to the statewide median, which hit $151,000 in 2022. This stark difference might interest investors and homebuyers looking for more affordable options in Holmes County. Compared to the national median home value of $179,400 in 2022, Holmes County's market potentially offers attractive entry points for investment, especially for those deterred by higher national averages.
Residential Energy Tax Credit Per Tax Return in Holmes County, MS Over the Last 9 Years
The trend in Holmes County, Mississippi shows a generally upward trajectory in the average residential energy tax credit per tax return over the past nine years, indicating growing incentives for energy-efficient home improvements. The value peaked at $875.00 in 2018, after a steady increase from $300.00 in 2013, showcasing a strong commitment to energy efficiency. For those looking to invest or build property in Holmes County, this trend may suggest a favorable environment for energy-efficient housing. Real estate agents and insurance agents may find this information helpful in advising clients about potential financial benefits linked to energy-saving renovations.
Average Real Estate Taxes Per Tax Return in Holmes County, MS Over the Last 10 Years
Holmes County, Mississippi, has experienced varied fluctuations in average real estate taxes per tax return over the past decade. Starting at around $1,317.39 in 2012, there was a noticeable spike to $2,000.00 by 2018. This considerable increase potentially signals shifts in property values or tax rates. Following 2018, there was a gradual decline, with values settling around $1,728.57 in 2021. These trends could be insightful for investors, as it might reflect changes in the local economy, real estate market stability, or fiscal policies affecting property ownership costs.
Percentage of Farm Returns in Holmes County, MS Over the Last 10 Years
Over the last decade, farm returns in Holmes County, Mississippi have exhibited some fluctuations, with values ranging from around 3.81% in 2014 to a high of roughly 4.64% in 2019. Despite these variations, the general trend suggests that farm returns are fairly stable with some specific upswings, notably in 2016 through 2019. This could mean opportunities for those interested in agricultural investments, as a stable percentage of farm returns might translate into reliable income streams. Understanding these trends is crucial for prospective investors, property developers, and residents who are looking at the agricultural sector as a potential area of growth or sustenance.
Number of Mortgages by Occupancy Type in Holmes County, MS Over the Last 5 Years in Holmes County
Holmes County, Mississippi has seen fluctuating mortgage numbers across different occupancy types over the past five years. Principal Residence mortgages have consistently dominated, ranging from 202 in 2018 to a high of 320 in 2021. Meanwhile, Investment Property mortgages experienced a decline from 42 in 2019 to just 15 in 2022, and Second Residence mortgages have hovered in the lower double digits. Shifts in occupancy type impact demand trends, property values, and risk assessments, critical for investors, real estate agents, appraisers, and insurance agents to strategize effectively.
Economic Outlook
Holmes County, Mississippi, has seen a gradual increase in average taxable income per tax return, peaking at $32,399.16 in 2020, which may be appealing for property investment. Yet, the slight dip to $31,114.68 in 2021 indicates variability that could influence real estate agents and insurers. State and local income taxes also show an upward trend, with a peak of $4,035.29 in 2020, suggesting evolving fiscal policies impacting taxpayers. Average total tax liability has fluctuated, peaking at... Read more
Average Taxable Income per Tax Return in Holmes County, MS over the last 9 years
Over the past nine years, Holmes County, Mississippi has experienced a gradual rise in average taxable income per tax return, peaking at $32,399.16 in 2020. This suggests some level of economic growth which may be appealing for potential investors and those looking to build property. However, the slight dip to $31,114.68 in 2021 indicates variability that could influence the decisions of real estate agents and insurance agents who rely on stable financial metrics for appraisals and risk assessments.
Average State and Local Income Taxes Per Tax Return in Holmes County, MS Over the Last 10 Years
Holmes County, Mississippi has seen fluctuations in average state and local income taxes per tax return over the past decade, with a general upwards trend. Notably, between 2012 and 2021, tax amounts wavered but showed a marked increase starting from $2,739.73 in 2012 to a peak of $4,035.29 in 2020. This pattern could suggest evolving fiscal policies or economic conditions impacting taxpayers. For potential investors and residents, understanding these variations may be crucial in assessing the long-term financial landscape and tax implications of living or doing business in this area.
Average Total Tax Liability Per Tax Return in Holmes County, MS Over the Last 10 Years
Over the past decade in Holmes County, Mississippi, the average total tax liability per tax return has fluctuated notably, peaking just above $3,985.90 in 2012 and dipping to around $3,439.10 in 2021. This variable trend could imply economic shifts or changes in taxpayer behavior within the county. For those evaluating property investments or assessing market conditions, these figures might suggest underlying financial dynamics that vary year to year, highlighting the importance of considering longer-term trends rather than single-year data.
Cost of Living in Holmes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,016 | $1,379 | $1,914 | $653 | $873 |
| 1 adult 4 children | $1,016 | $1,126 | $1,427 | $653 | $911 |
| 2 adults 3 children | $1,016 | $1,127 | $1,679 | $653 | $709 |
| 1 adult 3 children | $1,016 | $920 | $1,192 | $653 | $694 |
| 2 adults 2 children | $766 | $922 | $1,444 | $567 | $620 |
| 2 adults 1 child | $766 | $729 | $1,209 | $288 | $620 |
| 1 adult 2 children | $766 | $689 | $957 | $567 | $530 |
| 1 adult 1 child | $766 | $471 | $722 | $288 | $509 |
| 2 adults | $657 | $586 | $974 | $0 | $584 |
| 1 adult | $598 | $319 | $487 | $0 | $509 |
Demographics
Holmes County, Mississippi, shows a higher count of adult females compared to males. The educational landscape is defined by a substantial portion having only a high school diploma or incomplete college education, potentially pointing to economic impacts or workforce trends. Younger age brackets appear more populous, hinting at a relatively youthful demographic. Racially, the county is predominantly Black or African American, with minimal representation from other... Read more
Race Distribution in Holmes County, Mississippi (2022)
Educational Attainment in Holmes County, Mississippi (2022)
Age Distribution in Holmes County, Mississippi
Citizen Population in Holmes County, Mississippi (2022)
Political Trends & Data
In Holmes County, Mississippi, the 2020 U.S. Presidential Election results may indicate a robust Democratic leaning, with the party potentially securing over 80% of the vote. The Republican Party seemingly captured around 17%, while minor parties like the Libertarians and Greens seemingly had minimal influence, together gathering just about 0.5%. This voting trend could point to a substantial local preference for Democratic candidates, revealing broader political inclinations within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Holmes County, Mississippi, the Democratic Party seemingly dominated the 2020 U.S. Presidential Election, possibly securing over 80% of the vote. The Republican Party may have garnered approximately 17%, indicating a substantial gap between the two major parties. Minor parties such as the Libertarians and Greens appear to have had minimal impact, collectively accumulating around 0.5% of the vote. This voting pattern could suggest a strong preference for Democratic candidates within this county, reflecting broader local political inclinations.
16.87% of voters voted for the Republican party in the 2020 Presidential Election
81.18% of voters voted for the Democrat party in the 2020 Presidential Election
0.32% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
1.44% of voters voted for the Other party in the 2020 Presidential Election
School Data
Holmes County, Mississippi has experienced varying student-to-teacher ratios, peaking at 18 students per teacher in 2018 and recently dropping to 8, against a national average of 14 students per teacher. These smaller class sizes may suggest a more favorable educational environment, potentially appealing to families prioritizing quality schooling. For real estate investors or those considering relocation, understanding the reasons behind these shifts is crucial, as they could impact property... Read more
Student-to-teacher ratio in Holmes County, Mississippi over the last 10 years
Holmes County, Mississippi has seen fluctuating student-to-teacher ratios over the past decade, with peaks reaching up to 18 students per teacher in 2018 and a notable drop to 8 in recent years. Compared to the national average of 14 students per teacher, recent figures indicate smaller class sizes, which might suggest a more favorable student engagement environment. For those considering real estate investments, building projects, or relocation, these ratios could imply more personalized attention in education, which might appeal to families prioritizing quality schooling. However, it's worth understanding the causes behind such significant variations to fully gauge community stability and school resource allocation, which could affect property values and insurance risks.
