Issaquena County Real Estate and Livability Trends
In Issaquena County, Mississippi, the housing market reveals compelling growth with median home values jumping from $57,000 in 2015 to $96,300 in 2022. Real estate taxes doubled over the past six years, influencing homeownership costs. Principal residences dominate transactions, with significant activity spikes in 2018 and 2021. The stability of farm tax returns, averaging 7-8%, underscores the... Read more
Issaquena County Market Trends
Housing market trends in Issaquena County, Mississippi show intriguing growth, with the median home value rising from $57,000 in 2015 to $96,300 in 2022. This is noteworthy compared to the state's increase from $103,100 to $151,000. Real estate taxes have doubled over six years, potentially impacting homeownership costs. Interestingly, farm tax returns have stayed relatively stable, hovering... Read more
Median Value of Occupied Housing Units in Issaquena County, Mississippi Over the Last 8 Years
Housing market trends in Issaquena County, Mississippi, have shown some interesting fluctuations over the past eight years. While the median home value in Issaquena County was around $57,000 in 2015, it saw a significant increase to $96,300 by 2022. This rise is impressive compared to the median home values for the state of Mississippi, which moved from $103,100 to $151,000 in the same period. Nationally, the trend saw more substantial growth, with values jumping from $125,500 to $179,400. Investors and potential homeowners might find Issaquena County appealing due to its lower entry price but rising values, indicating potential for future appreciation.
Average Real Estate Taxes Per Tax Return in Issaquena County, MS Over the Last 6 Years
Issaquena County, Mississippi has seen a consistent upward trend in real estate taxes per tax return over the past six years. Starting from $700.00 in 2012, taxes have surged to $1,400.00 by 2017. This pattern suggests a substantial increase in property tax obligations, which could influence the overall cost of homeownership and potentially impact decisions for those looking to invest in or move to the area. The data may also be of interest to appraisers, insurance agents, and real estate professionals considering the fiscal climate and its possible impact on the local housing market.
Percentage of Farm Returns in Issaquena County, MS Over the Last 10 Years
The percentage of farm tax returns in Issaquena County, Mississippi has shown slight fluctuations over the past decade, ranging from approximately 5.71% in 2020 to around 9.09% in 2015. It's noteworthy that despite the variability, the numbers have generally maintained a level around 7-8%. This trend may suggest a relatively stable agricultural presence in the county, making it potentially attractive for those looking to invest in rural property or farming ventures. Understanding such consistency is crucial for investors and residents since it hints at a persevering agricultural sector, which might play a significant role in the county's economy and community life.
Number of Mortgages by Occupancy Type in Issaquena County, MS Over the Last 5 Years in Issaquena County
Issaquena County, Mississippi has seen fluctuating mortgage trends with principal residences dominating the majority of transactions over the last five years. The count for principal mortgages showed an interesting spike in 2018 and 2021, each with 20, compared to other years. Investment properties and second residences have had consistently lower figures, highlighting them as less common occupancy types. These shifts can indicate changing priorities or economic conditions which are crucial for potential investors, real estate agents, and appraisers to analyze when making decisions. Insurance agents might also consider the type and amount of coverage needed based on these occupancy trends, while builders could align their projects to meet demand dynamics.
Economic Outlook
Issaquena County, Mississippi, has experienced noticeable fluctuations in average taxable income per tax return over the past nine years, peaking in 2019 at $45,376.92 and slightly declining to $42,272.50 in 2021. Interestingly, state and local income taxes have steadily increased from $3,100.00 in 2012 to $4,500.00 in 2017, suggesting a growing tax burden that may reflect rising incomes or increased tax rates. These economic shifts, along with the variable total tax liabilities peaking at... Read more
Average Taxable Income per Tax Return in Issaquena County, MS over the last 9 years
Issaquena County, Mississippi has seen fluctuations in average taxable income per tax return over the past nine years, peaking in 2019 at $45,376.92. Recent years show a slight decline from that peak, with 2021 averaging $42,272.50. These trends could suggest varied economic conditions, potentially influenced by local industries and broader economic shifts. Those interested in investing or relocating here might consider how these income levels align with property values and cost of living in the area.
Average State and Local Income Taxes Per Tax Return in Issaquena County, MS Over the Last 6 Years
Over the past six years, Issaquena County, Mississippi has seen a steady increase in average state and local income taxes per tax return, starting from $3,100.00 in 2012 to $4,500.00 in 2017. This upward trend suggests a growing tax burden on residents, which could be indicative of rising incomes or increased tax rates. For investors, this might reflect a stronger local economy but also suggests higher operating costs. Potential residents might want to weigh these rising taxes against other benefits the county may offer.
Average Total Tax Liability Per Tax Return in Issaquena County, MS Over the Last 10 Years
Issaquena County, Mississippi has seen fluctuations in average tax liabilities over the past decade, revealing a somewhat unpredictable economic landscape. Notably, there was a peak in 2019 with an average tax liability of $6,756.52, and a low in 2012 at $4,748.15. These figures hint at underlying economic shifts that potential investors, real estate professionals, or even existing residents might want to consider for future financial planning or property investments. Keeping an eye on these trends could be crucial for making informed decisions in this county.
Cost of Living in Issaquena County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,035 | $1,416 | $1,877 | $441 | $831 |
| 1 adult 4 children | $1,035 | $1,156 | $1,400 | $441 | $839 |
| 2 adults 3 children | $1,035 | $1,156 | $1,646 | $441 | $663 |
| 1 adult 3 children | $1,035 | $944 | $1,169 | $441 | $630 |
| 2 adults 2 children | $850 | $947 | $1,416 | $389 | $616 |
| 2 adults 1 child | $850 | $748 | $1,185 | $220 | $625 |
| 1 adult 2 children | $850 | $707 | $938 | $389 | $523 |
| 1 adult 1 child | $850 | $483 | $708 | $220 | $510 |
| 2 adults | $646 | $601 | $955 | $0 | $564 |
| 1 adult | $641 | $328 | $477 | $0 | $500 |
Demographics
Issaquena County, Mississippi exhibits some notable demographic trends. The adult population appears fairly gender-imbalanced, with roughly twice as many males compared to females. Educational attainment shows a significant portion of the population lacks a high school diploma, pointing towards potential challenges in workforce qualifications. The age distribution indicates a relatively older demographic, with fewer individuals in the younger age brackets, which could have implications for... Read more
