Itawamba County Real Estate and Livability Trends
In Itawamba County, Mississippi, home values have increased by approximately 36.55% since 2015, growing from $83,700 to $114,300 by 2022. This signifies potential investment opportunities even though they lag behind state and national trends. Additionally, residential energy tax credits have fluctuated, hinting at a sporadic yet notable interest in energy efficiency. Meanwhile, the area has seen... Read more
Itawamba County Market Trends
Home values in Itawamba County, Mississippi have climbed about 36.55% over the past eight years, rising from $83,700 in 2015 to $114,300 in 2022. Despite lagging behind state and national averages, this can't be ignored as potential investment opportunities emerge. The county's residential energy tax credits peaked at $575.00 in 2017 and showed a resurgence around $500.00 in 2020 and 2021,... Read more
Median Value of Occupied Housing Units in Itawamba County, Mississippi Over the Last 8 Years
Home values in Itawamba County, Mississippi have shown a significant upward trajectory over the past eight years. From $83,700 in 2015 to $114,300 in 2022, the county has seen an overall increase of around 36.55%. This growth rate is quite compelling, especially compared to Mississippi's average home values rising from $103,100 in 2015 to $151,000 in 2022, and the national average moving from $125,500 to $179,400 in the same period. While local values still lag behind state and national averages, the sharp rise in Itawamba County could signal emerging investment opportunities and a growing appeal for new residents.
Residential Energy Tax Credit Per Tax Return in Itawamba County, MS Over the Last 8 Years
Itawamba County, Mississippi has seen a fluctuating trend in average residential energy tax credits per tax return over the past eight years. In 2017, the credit peaked at $575.00, possibly indicating a year of higher energy-saving investments by residents. Despite some declines, 2020 and 2021 recorded significant uptake again at around $500.00 and $516.67 respectively. This variability suggests intermittent but substantial interest in energy-efficient improvements, which may appeal to potential investors, property developers, and real estate agents eyeing environmentally conscious markets.
Average Real Estate Taxes Per Tax Return in Itawamba County, MS Over the Last 10 Years
Itawamba County in Mississippi has seen a notable increase in average real estate taxes per tax return over the last decade. Starting at $1,502.68 in 2012, the taxes steadily climbed to $2,942.10 by 2021. The sharpest jumps occurred between 2017 and 2018, where it jumped from $1,831.82 to $2,659.09, and between 2016 and 2017, where it rose from $1,700.00 to $1,831.82. This trend could potentially impact appraisals, insurance premiums, and overall housing market dynamics, making it crucial for investors, real estate agents, and potential homebuyers to factor in these tax changes when evaluating property costs and long-term investment potential in the area.
Percentage of Farm Returns in Itawamba County, MS Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Itawamba County, Mississippi, has hovered around 3.5% to 3.9%, showing slight fluctuations without any significant uptrend or downtrend. Farm tax returns indicate the proportion of tax filings related to agricultural income, offering insight into the strength and stability of the farming sector in the region. While these numbers suggest a consistent yet modest presence of farming activities, potential investors and residents might view this as a stable foundation for agricultural investment or supportive local policies geared towards preserving farm operations.
Number of Mortgages by Occupancy Type in Itawamba County, MS Over the Last 5 Years in Itawamba County
In Itawamba County, Mississippi, the trend over the past five years indicates fluctuating interest in different types of occupancy mortgages. Principal residences dominate the mortgage market, experiencing a peak in 2021 with 963 mortgages, but decreasing to 752 by 2022. Investment properties have seen a more consistent yet modest presence, peaking at 50 in 2018 and trending downward to 28 in 2022. Second residences remain a smaller segment, ranging from 12 to 19 mortgages annually. These shifts could hint at changing housing demands and investment strategies, which may impact property values and localized economic conditions, crucial data for investors, real estate agents, and those looking to move to this area.
Economic Outlook
Over the last nine years, Itawamba County, Mississippi has experienced a noticeable rise in average taxable income per tax return, growing from $41,517.95 in 2013 to $54,904.29 in 2021. Concurrently, average state and local income taxes per tax return have significantly increased, jumping from $4,226.61 in 2012 to $9,176.19 in 2021, with 2020 seeing a peak of $9,680.95. This upward trajectory in income and taxes suggests potentially improving economic conditions, possibly creating opportunities... Read more
Average Taxable Income per Tax Return in Itawamba County, MS over the last 9 years
Itawamba County, Mississippi has shown a steady increase in average taxable income per tax return over the last nine years. Starting from $41,517.95 in 2013 and reaching $54,904.29 in 2021, this upward trajectory may signal a growing economic vibrancy in the area. For potential investors, real estate agents, and those considering moving to Itawamba County, this trend might suggest improving local economic conditions and potential for real estate appreciation. However, higher average incomes could also mean increased costs for property and insurance, factors worth considering for appraisers and insurance agents.
Average State and Local Income Taxes Per Tax Return in Itawamba County, MS Over the Last 10 Years
The trend in Itawamba County, Mississippi shows a significant increase in average state and local income taxes per tax return over the past decade, notably spiking from $4,226.61 in 2012 to $9,176.19 in 2021. The years 2018 through 2021 reflect a particularly sharp rise, with 2020 reaching a peak of $9,680.95. For investors, potential residents, or developers, this upward trend may indicate a shift in economic policy or rising incomes, impacting financial planning and property investments.
Average Total Tax Liability Per Tax Return in Itawamba County, MS Over the Last 10 Years
Over the past decade, Itawamba County, Mississippi has seen a general upward trend in the average total tax liability per tax return, with figures climbing from around $5,329.86 in 2012 to approximately $6,624.71 in 2021. While there have been fluctuations, notably a dip in 2013 and 2014, the overall increase could suggest a rise in income levels or changes in tax regulations. This trend might interest various stakeholders, from potential investors assessing economic growth to real estate agents gauging the financial health of the area.
Cost of Living in Itawamba County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $955 | $1,311 | $1,934 | $527 | $820 |
| 2 adults 3 children | $955 | $1,071 | $1,697 | $527 | $660 |
| 1 adult 4 children | $955 | $1,071 | $1,443 | $527 | $835 |
| 1 adult 3 children | $955 | $874 | $1,205 | $527 | $636 |
| 2 adults 2 children | $766 | $877 | $1,459 | $465 | $612 |
| 2 adults 1 child | $766 | $693 | $1,221 | $262 | $630 |
| 1 adult 2 children | $766 | $655 | $967 | $465 | $528 |
| 1 adult 1 child | $766 | $448 | $729 | $262 | $527 |
| 2 adults | $641 | $557 | $984 | $0 | $600 |
| 1 adult | $637 | $304 | $492 | $0 | $552 |
Safety trends & Data
Itawamba County, Mississippi, has experienced variations in crime rates over the last five years, with a significant increase in larceny-theft cases, jumping to 52 in 2022 from just 1 in 2018. Burglary incidents have shown a slight decline, moving from 6 in 2018 to 4 in 2022. Intermittent occurrences of motor vehicle theft and other crimes such as arson and fraud could be factors that appraisers, insurance agents, and real estate investors might need to consider when evaluating property values... Read more
Property Crime Trends in Itawamba County, MS Over the Last 5 Years
Itawamba County, Mississippi, has seen fluctuating crime rates over the past five years, with a notable spike in larceny-theft cases reaching 52 in 2022 compared to just 1 in 2018. Burglary numbers have been somewhat stable, though slightly declining from 6 incidents in 2018 to 4 in 2022. There have been sporadic instances of motor vehicle theft and other crimes like arson and fraud making occasional appearances. These trends may influence appraisers, insurance agents, and real estate investors considering the safety and security implications in property valuations and premiums.
Demographics
Itawamba County, Mississippi, shows a slightly higher female population compared to males. Education-wise, a notable portion of adults have completed high school, but there's a significant drop-off at higher levels of education, with fewer individuals obtaining bachelor's or advanced degrees. Age distribution highlights a considerable number of residents in the 45 to 64-year range, potentially influencing local economies and healthcare services. Racially, the county is overwhelmingly White,... Read more
Race Distribution in Itawamba County, Mississippi (2022)
Educational Attainment in Itawamba County, Mississippi (2022)
Age Distribution in Itawamba County, Mississippi
Citizen Population in Itawamba County, Mississippi (2022)
Political Trends & Data
In Itawamba County, Mississippi, the 2020 U.S. Presidential Election appeared to lean heavily towards the Republican Party, which might have captured around 87% of the vote. The Democratic Party possibly gathered roughly 11.5%, while third parties like the Libertarian and Green parties likely garnered around 0.7% and 0.1%, respectively. This trend highlights a dominant two-party preference in this rural... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Itawamba County, Mississippi, the 2020 U.S. Presidential Election results might suggest a strong lean towards the Republican Party, potentially capturing about 87% of the vote. The Democratic Party possibly accounted for roughly 11.5%, with other parties like the Libertarian and Green parties gathering much smaller fractions, at approximately 0.7% and 0.1%, respectively. The "Other" category could make up around 0.35%, indicating a predominantly two-party preference among voters in this rural Mississippi county.
87.24% of voters voted for the Republican party in the 2020 Presidential Election
11.54% of voters voted for the Democrat party in the 2020 Presidential Election
0.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Itawamba County, Mississippi, the student-to-teacher ratio has seen substantial changes over the last decade, moving from 11 students per teacher in 2014 to nearly 14 in 2018, and then dropping to just under 9 in 2023. These trends might appeal to families seeking more personalized education for their children, potentially making the area more attractive to homebuyers. For investors and developers, such fluctuations could indicate shifts in population density or educational investment,... Read more
Student-to-teacher ratio in Itawamba County, Mississippi over the last 10 years
Over the last decade, the student-to-teacher ratio in Itawamba County, Mississippi has fluctuated considerably. Starting from 11 students per teacher in 2014, it spiked to nearly 14 in 2018 before declining to just under 9 in 2023. This trend has potential implications for various stakeholders. Lower ratios compared to the national average of 14 students per teacher might appeal to families seeking more individualized attention for their children, making the area more attractive to prospective homebuyers. For investors and builders, these shifts might be indicative of shifting population densities or educational investment, influencing future development projects. Moreover, real estate agents could leverage this information to highlight educational benefits. Appraisers and insurance agents might also consider these ratios as part of the broader community profile when assessing property values and risks.
