Humphreys County Real Estate and Livability Trends
Humphreys County, Mississippi has seen its median home value consistently increase, peaking at $79,900 in 2022. This is significantly lower than both the state median of $151,000 and the national median of $179,400, suggesting untapped growth potential that could attract investors and new residents. Property taxes peaked at $2,822.22 in 2020 but slightly decreased in 2021, potentially affecting... Read more
Humphreys County Market Trends
In Humphreys County, Mississippi, the median home value has seen a steady rise over the past eight years, peaking at $79,900 in 2022, which is notably lower than the state median of $151,000 and the national median of $179,400. This suggests room for growth, appealing to investors and those considering relocation. Residential energy tax credits have varied, with peaks in 2018 ($1,600.00) and 2020... Read more
Median Value of Occupied Housing Units in Humphreys County, Mississippi Over the Last 8 Years
Over the last eight years, median home values in Humphreys County, Mississippi have shown a steady climb, peaking at $79,900 in 2022. This trajectory stands out when compared to Mississippi's overall growth, with state median values reaching $151,000 in 2022. Nationally, home values have surged even more significantly, hitting $179,400 in 2022. For those considering investments or relocations, Humphreys County may appear undervalued with marked room for growth, particularly in contrast with broader state and national trends which suggest increasing property values.
Residential Energy Tax Credit Per Tax Return in Humphreys County, MS Over the Last 8 Years
Over the past eight years, Humphreys County, Mississippi has observed fluctuating residential energy tax credits, with notable peaks in 2018 ($1,600.00) and 2020 ($900.00). These variations likely reflect changing local energy initiatives or federal policies incentivizing energy-efficient upgrades. Investors, real estate agents, appraisers, and residents might see opportunities in the county's evolving energy landscape, potentially benefiting from available credits. This can be an attractive factor for those looking to enhance property values or reduce energy costs through sustainable improvements.
Average Real Estate Taxes Per Tax Return in Humphreys County, MS Over the Last 10 Years
Over the past decade, Humphreys County, Mississippi has seen a noticeable increase in average real estate taxes per tax return, starting at $1,853.33 in 2012 and peaking at $2,822.22 in 2020. Despite a slight dip in 2021 to $2,660.00, the overall trend suggests an upward climb in property tax burdens. This information could be pivotal for potential investors and property developers evaluating future profitability, insurance agents assessing coverage costs, real estate agents advising clients, and residents planning their financial strategies.
Percentage of Farm Returns in Humphreys County, MS Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Humphreys County, Mississippi has shown minor fluctuations with values generally ranging between 3.03% and 3.75%. Farm tax returns are financial reports filed by agricultural businesses, which provide insight into the profitability and volume of farming activities in a given area. For those considering investments or real estate in Humphreys County, the stability and slight variations in these percentages might suggest a relatively steady farming economy, with potential small-scale growth indicating resilience and consistent land value in the agricultural sector.
Number of Mortgages by Occupancy Type in Humphreys County, MS Over the Last 5 Years in Humphreys County
Humphreys County, Mississippi has seen fluctuations in mortgage counts with a notable focus on principal residences, which experienced varying demand each year, peaking in 2021. Investment properties have remained fairly consistent, though they saw a slight dip in recent years. Meanwhile, second residences show minimal change, maintaining relatively low figures throughout. Changes in occupancy type trends can reveal underlying economic shifts, preferences for property investment, and market stability. For investors or real estate agents, a stable demand for principal residences vs. the less fluctuating investment properties could guide purchasing or development strategies. These occupancy trends also hint at risk levels which appraisers and insurance agents might factor into property evaluations and policy structuring.
Economic Outlook
The average taxable income in Humphreys County, Mississippi has shown an overall upward trend since 2013, rising from $32,873.55 to $39,230.06 by 2021 despite a dip in 2015. Recent upticks in state and local income taxes, peaking at $10,162.50 in 2020 and $8,737.50 in 2021, might indicate economic or policy shifts. The total tax liability per tax return has fluctuated, suggesting dynamic economic conditions that could influence property values and investment... Read more
Average Taxable Income per Tax Return in Humphreys County, MS over the last 9 years
Humphreys County, Mississippi has seen some fluctuations in average taxable income over the past nine years, starting at $32,873.55 in 2013 and reaching $39,230.06 by 2021. Despite a dip in 2015 to $30,011.87, there's been a positive trend overall. This may hint at improving economic conditions, which could interest those looking to invest, build property, or move to the area. This upward trend in incomes might also affect property valuations and local market dynamics, important for real estate agents and appraisers.
Average State and Local Income Taxes Per Tax Return in Humphreys County, MS Over the Last 10 Years
Over the past decade, Humphreys County, Mississippi has seen significant variability in average state and local income taxes per tax return. While 2012 and 2013 saw values around $5,936.67 and $6,116.13 respectively, a notable dip occurred in subsequent years, particularly in 2015 and 2016, where averages were approximately $4,884.38 and $4,864.71. Recent years, however, reflect a marked increase with 2020 peaking at $10,162.50 and 2021 at $8,737.50, potentially indicating economic or policy shifts impacting local and state tax burdens. Such trends may influence financial planning and investment decisions for residents and potential investors in the region.
Average Total Tax Liability Per Tax Return in Humphreys County, MS Over the Last 10 Years
Average total tax liability per tax return in Humphreys County, Mississippi has seen some variation over the past decade, peaking at $7,725.76 in 2014 but hitting a notable low at $5,609.29 in 2015. More recent years have shown liabilities generally in the $6,000-$6,600 range. This fluctuation could suggest economic shifts that potential investors, property developers, and others with financial interests in the county might want to consider, as tax trends often reflect broader financial health and policy changes in the area.
Cost of Living in Humphreys County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,025 | $1,379 | $1,877 | $500 | $826 |
| 1 adult 4 children | $1,025 | $1,126 | $1,400 | $500 | $842 |
| 2 adults 3 children | $1,025 | $1,127 | $1,646 | $500 | $663 |
| 1 adult 3 children | $1,025 | $920 | $1,169 | $500 | $638 |
| 2 adults 2 children | $766 | $922 | $1,416 | $435 | $592 |
| 2 adults 1 child | $766 | $729 | $1,185 | $221 | $604 |
| 1 adult 2 children | $766 | $689 | $938 | $435 | $505 |
| 2 adults | $678 | $586 | $955 | $0 | $590 |
| 1 adult 1 child | $766 | $471 | $708 | $221 | $497 |
| 1 adult | $643 | $319 | $477 | $0 | $525 |
Demographics
Humphreys County, Mississippi, has a predominantly Black or African American population, possibly informing local cultural and social dynamics. The area’s educational attainment trends reveal a substantial number of residents with a high school diploma or less, suggesting there may be opportunities for educational programs or workforce development initiatives. The age distribution is fairly balanced, but there's a slight tilt towards older demographics, which could impact local healthcare and... Read more
Race Distribution in Humphreys County, Mississippi (2022)
Educational Attainment in Humphreys County, Mississippi (2022)
Age Distribution in Humphreys County, Mississippi
Citizen Population in Humphreys County, Mississippi (2022)
Political Trends & Data
In the 2020 U.S. Presidential Election, Humphreys County in Mississippi exhibited a strong leaning towards the Democratic Party, indicating possible shifts in regional political dynamics. Republicans held a notable portion of the vote but were significantly behind. Minor parties such as the Libertarians and Greens had minimal influence, suggesting that local voters are primarily aligned with the two major parties. This voting pattern may reflect evolving regional issues or demographic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Humphreys County in Mississippi saw a significant leaning towards the Democratic Party, which potentially hints at shifting political dynamics in the region. The Republicans, while holding a notable portion of the vote, trailed considerably behind. Minor parties like the Libertarians and Greens had minimal impact, suggesting voters were mostly aligned with the two major parties. This distribution might reflect underlying regional issues or demographic changes.
26.69% of voters voted for the Republican party in the 2020 Presidential Election
72.00% of voters voted for the Democrat party in the 2020 Presidential Election
0.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.98% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Humphreys County, Mississippi, the student-to-teacher ratio has seen notable changes, peaking at 21 students per teacher in 2016 but dropping to 12 in 2023. This trend could appeal to families seeking better educational environments, since the current ratio is lower than the national average of 14. For real estate stakeholders, such shifts in educational quality might impact property values and desirability, making Humphreys County potentially more attractive for new... Read more
Student-to-teacher ratio in Humphreys County, Mississippi over the last 10 years
Over the past decade in Humphreys County, Mississippi, the student-to-teacher ratio has fluctuated significantly, peaking at 21 students per teacher in 2016 but dropping to 12 in 2023. This variation matters for those considering investments, relocations, or real estate in the area; lower ratios could indicate improved educational quality, which might attract families. However, real estate agents and appraisers may need to consider how these changes in educational dynamics could affect property values and community desirability. With the national average at 14 students per teacher, Humphreys County has occasionally exceeded this benchmark, particularly during 2016-2019, but recent years show a trend towards lower ratios, potentially signaling an improved educational environment.
