Jackson County Real Estate and Livability Trends
Jackson County, Mississippi has seen a notable rise in median home values, moving from $121,200 in 2015 to $161,700 in 2022, outstripping state-wide growth and signaling potentially strong property appreciation. Taxable incomes have increased, while state and local income taxes nearly doubled to $8,318.82 per return in 2021, suggesting higher earnings or policy shifts. With residential energy tax... Read more
Jackson County Market Trends
Jackson County, Mississippi has experienced a consistent rise in median home values from $121,200 in 2015 to $161,700 in 2022, outpacing the state’s increase. The significant rise in real estate taxes, from $2,069.77 in 2012 to $3,584.42 in 2021, underscores the appreciation in property values or changing tax policies. Peaks in residential energy tax credits in 2017 and 2018, reaching $1,207.59... Read more
Median Value of Occupied Housing Units in Jackson County, Mississippi Over the Last 8 Years
Jackson County, Mississippi has seen a consistent increase in median home values over the past eight years, jumping from $121,200 in 2015 to $161,700 in 2022. This growth trajectory, while significant, tends to outpace the state's overall trend, where the median home value rose from $103,100 in 2015 to $151,000 in 2022. Interestingly, both county and state figures remain below the national median, which climbed from $125,500 to $179,400 during the same period. This context might appeal to investors seeking expanding markets with relatively lower entry points.
Residential Energy Tax Credit Per Tax Return in Jackson County, MS Over the Last 9 Years
Over the last nine years in Jackson County, Mississippi, there has been a noticeable upward trend in the average residential energy tax credit per tax return. Interestingly, the tax credit amount saw significant increases in 2017 and more prominently in 2018, peaking at $1,207.59 per return. Although there was a dip in 2019 and 2020, the figures rebounded to $1,037.75 in 2021. This variability may suggest evolving energy efficiency incentives or shifts in homeowner investments in energy-saving improvements. For potential investors, appraisers, and real estate agents, this trend could indicate a growing valuation in properties with energy-efficient features.
Average Real Estate Taxes Per Tax Return in Jackson County, MS Over the Last 10 Years
Over the past decade, Jackson County, Mississippi has experienced a notable increase in average real estate taxes per tax return. Beginning with $2,069.77 in 2012, there has been a general upward trend, peaking at $3,584.42 by 2021. This consistent rise, particularly the sharp increase post-2017, could signal appreciating property values or shifts in tax policies. Prospective investors, homeowners, and real estate professionals might view this as indicative of a growing market or higher tax burdens, factors essential for making informed decisions.
Percentage of Farm Returns in Jackson County, MS Over the Last 10 Years
Jackson County, Mississippi has seen subtle fluctuations in the percentage of farm tax returns over the past decade, with figures generally hovering around the 1.05% to 1.10% mark. Farm tax returns, which are tax forms filed by farmers to report income and expenses, can be indicative of agricultural activity in the area. A slight dip occurred in 2020 with a percentage of roughly 0.98%, but the trend mostly remained stable, suggesting a consistent agricultural sector. Investors and those interested in rural property might find this reliability appealing despite the minor annual variations.
Number of Mortgages by Occupancy Type in Jackson County, MS Over the Last 5 Years in Jackson County
Over the last five years in Jackson County, Mississippi, there's been a noticeable increase in the number of mortgages for principal residences, peaking sharply in 2021. Investment properties and second residences show more subdued, yet steady figures, with slight growth in second residences observed in 2021. These shifts in occupancy type can indicate changing demand and investment patterns. For investors and real estate agents, understanding these trends helps identify lucrative opportunities and shifts in buyer preferences. Appraisals and insurance premiums might be influenced by the increased rates of principal residence ownership, reflecting greater community stability and lower risk. Builders and residents should be aware of these dynamics as they signal future development needs and potential market directions.
Economic Outlook
The real estate market in Jackson County, Mississippi has interesting economic indicators to consider. The average taxable income per tax return has climbed from $49,880.14 in 2013 to $62,686.78 in 2021, reflecting potential economic growth despite minor setbacks in 2019 and 2020. The rise in state and local income taxes per tax return, nearly doubling to $8,318.82 in 2021, could signal either increased incomes or shifts in tax policies. Additionally, the jump in total tax liability, growing to... Read more
Average Taxable Income per Tax Return in Jackson County, MS over the last 9 years
The average taxable income per tax return in Jackson County, Mississippi has shown a general upward trend over the past nine years, rising from $49,880.14 in 2013 to $62,686.78 in 2021. While there were minor dips in 2019 and 2020, overall, the increase suggests economic growth and potentially higher earning opportunities in the area. This uptick could be appealing for investors seeking economic stability, real estate agents looking at market viability, and potential residents considering the area for its improving financial landscape.
Average State and Local Income Taxes Per Tax Return in Jackson County, MS Over the Last 10 Years
Jackson County, Mississippi has seen a noticeable rise in average state and local income taxes per tax return over the past decade. While early years like 2012 and 2013 hovered around the $4,600 mark, recent years have shown a significant increase, with 2021 reaching $8,318.82. This upward trend could suggest growth in incomes or changes in local tax policies, making it essential for potential investors and residents to consider the financial landscape carefully.
Average Total Tax Liability Per Tax Return in Jackson County, MS Over the Last 10 Years
Average total tax liability per tax return in Jackson County, Mississippi has shown some fluctuations over the past decade. While the amount dipped to $7,752.34 in 2013 and gradually rebounded, the notable jump to $9,170.03 in 2021 could indicate recent economic changes or policy impacts. For investors and real estate agents, these shifts might mirror underlying economic trends, suggesting potential growth opportunities. Appraisers and insurance agents may also find these figures useful when evaluating fiscal stability and property values within the county.
Cost of Living in Jackson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,213 | $1,488 | $1,936 | $933 | $1,151 |
| 1 adult 4 children | $1,213 | $1,215 | $1,443 | $933 | $1,230 |
| 2 adults 3 children | $1,213 | $1,216 | $1,698 | $933 | $931 |
| 1 adult 3 children | $1,213 | $992 | $1,206 | $933 | $990 |
| 2 adults 2 children | $906 | $995 | $1,460 | $810 | $797 |
| 1 adult 2 children | $906 | $743 | $968 | $810 | $730 |
| 2 adults 1 child | $906 | $786 | $1,222 | $411 | $757 |
| 1 adult 1 child | $906 | $508 | $730 | $411 | $621 |
| 2 adults | $793 | $632 | $985 | $0 | $664 |
| 1 adult | $649 | $345 | $492 | $0 | $544 |
Safety trends & Data
Jackson County, Mississippi has shown fluctuating property crime rates over the past five years, with larceny-theft peaking in 2018 at 529 incidents and dipping to its lowest in 2021 with 214 incidents. Motor vehicle theft and burglary have significantly reduced by 2020, suggesting potential improvements in law enforcement or community efforts. Real estate investors, appraisers, and insurance agents should take note as these trends can directly impact property values and insurance premiums. For... Read more
Property Crime Trends in Jackson County, MS Over the Last 5 Years
Jackson County, Mississippi has experienced fluctuating property crime rates over the past five years. Larceny-theft consistently remains the most prevalent issue, showing a peak in 2018 with 529 incidents, while dipping to its lowest in 2021 with 214 incidents. Motor vehicle theft and burglary have noted significant reductions, especially by 2020, indicating possible improvements in law enforcement or community vigilance. However, categories like arson and embezzlement have maintained relatively low but sporadic occurrences. These trends provide critical insights for real estate investors, appraisal and insurance agents, as property crime rates directly influence property values and insurance premiums. For those considering relocation, the data suggests a cautious yet optimistic outlook as some property crimes seem to be declining.
Demographics
Jackson County, Mississippi shows a fairly balanced gender distribution in its adult population. Educational attainment reveals a significant proportion acquiring high school diplomas and some college experience, with smaller fractions achieving bachelor's and higher degrees. The age spread indicates robust mid-age groups, with those aged 25-64 comprising the largest segments, while children and elderly populations follow behind. Racially, the county is predominantly White, with African... Read more
Race Distribution in Jackson County, Mississippi (2022)
Educational Attainment in Jackson County, Mississippi (2022)
Age Distribution in Jackson County, Mississippi
Citizen Population in Jackson County, Mississippi (2022)
Political Trends & Data
In Jackson County, Mississippi, the 2020 U.S. Presidential Election results reflected a strong lean towards the Republican party, with approximately two-thirds of the votes. This conservative trend might influence local real estate market preferences, potentially pointing towards a higher demand for suburban homes, larger properties, and family-friendly... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Jackson County, Mississippi, the 2020 U.S. Presidential Election results indicated a significant leaning towards the Republican party, which garnered approximately two-thirds of the vote. The Democratic party received nearly a third, while support for Libertarian and Green parties was minimal. This distribution of votes could suggest a prevailing conservative stance among the electorate in this region.
66.54% of voters voted for the Republican party in the 2020 Presidential Election
31.86% of voters voted for the Democrat party in the 2020 Presidential Election
0.87% 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
0.59% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Jackson County, Mississippi, has varied over the past decade, peaking at 16 in 2016 and dropping to 12 by 2023. This lower ratio in recent years, compared to the national average of 14, might suggest better educational outcomes, a factor that can drive up property values and indicate growth potential. Investors, appraisers, and builders could find these trends encouraging for future market... Read more
Student-to-teacher ratio in Jackson County, Mississippi over the last 10 years
The student-to-teacher ratio in Jackson County, Mississippi has shown noticeable fluctuations over the past decade, peaking at 16 students per teacher in 2016 and decreasing to its lowest point of 12 students per teacher in 2023. This variation matters for those looking to invest in or move to the area because a lower student-to-teacher ratio can signal more personalized attention for students, potentially enhancing educational outcomes. Appraisers and real estate agents might note that favorable education metrics can positively influence property values. For insurance agents and builders, these educational trends could affect community growth projections and, subsequently, market demand. Compared to the US national average of 14 students per teacher, Jackson County's ratio is consistently lower in recent years, suggesting potentially favorable conditions for educational quality.
