Jefferson Davis County Real Estate and Livability Trends
Jefferson Davis County, Mississippi, has witnessed slow growth in median home values, rising from $82,300 in 2015 to $87,800 in 2022, implying a more stable and affordable market. Homeowners might find increasing real estate taxes, peaking at $2,200 in 2021, a concern due to rising upkeep costs. The dip in investment property mortgages from 22 in 2018 to just 8 in 2022 suggests a focus shift... Read more
Jefferson Davis County Market Trends
In Jefferson Davis County, Mississippi, median home values have grown modestly from $82,300 in 2015 to $87,800 in 2022. This slower growth compared to state and national trends could hint at a more stable and affordable market. Notably, the average residential energy tax credit peaked at $1,162.50 in 2017, reflecting a strong interest in energy-efficient investments, which may suggest potential... Read more
Median Value of Occupied Housing Units in Jefferson Davis County, Mississippi Over the Last 8 Years
In Jefferson Davis County, Mississippi, median home values have seen some fluctuations over the past eight years, moving from $82,300 in 2015 to $87,800 in 2022. Compared to the state level, where values rose from $103,100 to $151,000, and the national level, where values surged from $125,500 to $179,400, Jefferson Davis County's growth appears slower. This could suggest a more stable or less speculative market, potentially offering more affordable investment opportunities for those interested in this region.
Residential Energy Tax Credit Per Tax Return in Jefferson Davis County, MS Over the Last 9 Years
Over the past nine years, Jefferson Davis County, Mississippi has witnessed fluctuations in the average residential energy tax credit per tax return, peaking at $1,162.50 in 2017. The credits show a trend of rising interest in energy-efficient investments, with notable high points in 2015, 2016, 2017, and 2019. Variability in these credits could indicate changing homeowner priorities or shifts in available incentives. For real estate agents, appraisers, and investors, understanding these trends might reveal a growing market for sustainable housing developments. Those considering moving to or investing in Jefferson Davis County may find the county's focus on energy efficiency appealing.
Average Real Estate Taxes Per Tax Return in Jefferson Davis County, MS Over the Last 10 Years
Jefferson Davis County, Mississippi has seen a steady increase in average real estate taxes per tax return over the past decade. From $1,214.29 in 2012, the taxes have incrementally risen each year, peaking at $2,200.00 in 2021. This uptick may concern potential investors and homeowners, signaling rising costs of property upkeep in the area. Real estate professionals, appraisers, and insurance agents should note this upward trend as it might affect property valuation and insurance premiums. Those looking to build or buy in Jefferson Davis County might want to carefully consider these growing tax obligations in their financial planning.
Percentage of Farm Returns in Jefferson Davis County, MS Over the Last 10 Years
Jefferson Davis County, Mississippi, has seen fluctuating farm tax return percentages over the last decade, with values generally hovering between 7.20% and 8.00%, and a notable dip to 6.41% in 2020. Farm tax returns broadly reflect the agricultural economic activity and can serve as a useful indicator for potential investors or residents to understand the local farming industry's health and stability. This could influence decisions on property development and business investments, especially those related to agriculture or reliant on the local economy's strength.
Number of Mortgages by Occupancy Type in Jefferson Davis County, MS Over the Last 5 Years in Jefferson Davis County
In Jefferson Davis County, Mississippi, the number of mortgages for principal residences has generally increased over the past five years, peaking at 499 in 2021. Meanwhile, investment property mortgages have decreased, from 22 in 2018 to just 8 in 2022. Mortgages for second residences have remained relatively stable, hovering between 9 and 18. This shift towards more principal residence mortgages might suggest a growing population or more individuals choosing to settle in the area, which could be relevant for investors and real estate agents assessing market demand, or appraisers and insurance agents evaluating property values and risks. Builders might take this data into account to meet the rising need for owner-occupied housing.
Economic Outlook
Over the past nine years, Jefferson Davis County, Mississippi, has seen fluctuations in average taxable income per tax return, with a notable increase to $39,138.12 in 2021, potentially indicating an improved economic environment. However, prior volatility, including a dip to $35,334.43 in 2017, suggests caution. State and local income taxes also peaked in 2021 at approximately $5,063.64, adding complexity to cost-of-living considerations. Additionally, average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Jefferson Davis County, MS over the last 9 years
Over the past nine years, Jefferson Davis County, Mississippi has seen fluctuations in average taxable income per tax return, with a noteworthy increase in 2021 to $39,138.12. This could potentially signal an improving economic environment, making it a more attractive proposition for investors, real estate agents, and new residents. However, it's important to tread carefully as the prior years reflect some volatility, particularly a notable dip in 2017 to $35,334.43. Insurance agents and appraisers might want to consider these variations when evaluating long-term stability and growth potential of the area.
Average State and Local Income Taxes Per Tax Return in Jefferson Davis County, MS Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Jefferson Davis County, Mississippi have shown noticeable fluctuations. While the taxes hovered around $3,000.00 to $3,500.00 for much of the period, there was a notable peak in 2021 reaching approximately $5,063.64. Investors and prospective residents should be aware of these variations as they can impact cost of living and financial planning in the area.
Average Total Tax Liability Per Tax Return in Jefferson Davis County, MS Over the Last 10 Years
The data shows that the average total tax liability per tax return in Jefferson Davis County, Mississippi saw a noticeable peak in 2013 at $5,067.66 before stabilizing and experiencing modest declines and rebounds in subsequent years. Real estate investors and potential homeowners may find this trend indicative of underlying economic factors that could influence property values and taxation expectations in the county. Furthermore, the dip in tax liability around 2017-2018 suggests slight economic adjustments which might be of interest to appraisers and insurance agents looking to understand risk and value shifts over the past decade. With average liabilities hovering around $4,500 to $5,000 from 2014 onwards, it’s crucial for businesses and individuals planning to settle or invest in Jefferson Davis County to consider these fluctuations and how they might impact long-term financial planning.
Cost of Living in Jefferson Davis County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children |
$1,003 | $1,367 | $1,877 | $534 | $854 |
1 adult 4 children |
$1,003 | $1,117 | $1,400 | $534 | $888 |
2 adults 3 children |
$1,003 | $1,117 | $1,646 | $534 | $691 |
1 adult 3 children |
$1,003 | $912 | $1,169 | $534 | $676 |
2 adults 2 children |
$766 | $914 | $1,416 | $463 | $621 |
2 adults 1 child |
$766 | $723 | $1,185 | $231 | $631 |
1 adult 2 children |
$766 | $683 | $938 | $463 | $535 |
1 adult 1 child |
$766 | $467 | $708 | $231 | $524 |
2 adults |
$611 | $581 | $955 | $0 | $590 |
1 adult |
$608 | $317 | $477 | $0 | $537 |
Demographics
Jefferson Davis County, Mississippi, exhibits a slight gender imbalance with more females than males in the adult population. The educational attainment suggests a significant portion of residents have a high school education, while a smaller percentage hold bachelor's or advanced degrees. Age distribution shows a relatively balanced spread across various age groups, with a noticeable increase in the population over 55 years. Racial composition is predominantly Black or African American,... Read more
Race Distribution in Jefferson Davis County, Mississippi (2022)
Educational Attainment in Jefferson Davis County, Mississippi (2022)
Age Distribution in Jefferson Davis County, Mississippi
Citizen Population in Jefferson Davis County, Mississippi (2022)
Political Trends & Data
In Jefferson Davis County, Mississippi, the 2020 U.S. Presidential Election data reveals interesting changes in voting behavior, with Democrats capturing around 57.9% of votes compared to Republicans' 40.8%. This shift could suggest evolving political dynamics in a region typically known for its conservative tilt, possibly signaling broader socio-political changes impacting local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Jefferson Davis County, Mississippi, the 2020 U.S. Presidential Election voting patterns suggest a notable Democratic preference, with Democrats attracting approximately 57.9% of votes. Republicans trailed with about 40.8%, while third-party candidates collectively garnered less than 2%. This shift perhaps indicates evolving political dynamics, challenging the traditionally conservative leanings often associated with Mississippi.
40.79% of voters voted for the Republican party in the 2020 Presidential Election
57.93% of voters voted for the Democrat party in the 2020 Presidential Election
0.26% of voters voted for the Livertarian party in the 2020 Presidential Election
0.08% of voters voted for the Green party in the 2020 Presidential Election
0.95% of voters voted for the Other party in the 2020 Presidential Election
School Data
Jefferson Davis County, Mississippi's student-to-teacher ratio has fluctuated over the past decade, peaking at sixteen in 2017 but has mostly stayed below the national average of fourteen. Recently, the ratio has stabilized around nine, indicating smaller class sizes. This may suggest better educational outcomes and appeal to families, potentially driving real estate interest and invigorating local property... Read more
Student-to-teacher ratio in Jefferson Davis County, Mississippi over the last 10 years
Jefferson Davis County, Mississippi has seen significant variability in its student-to-teacher ratio over the last decade. While it reached a peak of sixteen in 2017, the ratio has generally hovered below the national average of fourteen students per teacher. Recent years show a more stable trend, with ratios around nine, suggesting smaller class sizes. Investors, real estate agents, and families might view this as an indicator of potentially more personalized attention in schools, which could enhance the quality of education and attract new residents to the area.