Lamar County Real Estate and Livability Trends
Lamar County, Mississippi has seen solid increases in home values from $168,100 in 2015 to $209,700 in 2022, suggesting a strong market. Energy tax credits spiking to $1,376.92 in 2018 indicate rising interest in eco-friendly home improvements. Although property crime trends have shown some variability, the recent drop in larceny-theft and vehicle theft could enhance the area's appeal. The local... Read more
Lamar County Market Trends
Home values in Lamar County, Mississippi have shown robust growth from $168,100 in 2015 to $209,700 in 2022, outpacing both state and national trends. Average residential energy tax credits have also increased, peaking at $1,376.92 in 2018, indicating a rise in energy-efficient home improvements that could attract eco-conscious buyers. Real estate taxes have nearly doubled over the past decade,... Read more
Median Value of Occupied Housing Units in Lamar County, Mississippi Over the Last 8 Years
Home values in Lamar County, Mississippi have steadily increased over the past eight years, starting at $168,100 in 2015 and climbing to $209,700 in 2022. This local growth appears robust when compared to the state of Mississippi where the median values rose from $103,100 to $151,000 in the same period. Even more striking, Lamar County's median value is significantly higher than the national range, which also saw an upward trajectory from $125,500 to $179,400. These figures suggest Lamar County may be an appealing spot for real estate investment, offering stronger appreciation rates than broader state and national levels.
Residential Energy Tax Credit Per Tax Return in Lamar County, MS Over the Last 9 Years
Over the past nine years, Lamar County, Mississippi has seen a fluctuating yet generally increasing trend in average residential energy tax credits, with values ranging from $343.33 in 2013 to a peak of $1,376.92 in 2018. This suggests a growing investment in energy-efficient home improvements among residents, making the area potentially more attractive for eco-conscious buyers and investors. The spikes in tax credits around 2017 and 2018 could indicate significant local or state incentives that encouraged homeowners to adopt greener technologies. For those looking to appraise property, insure homes, or invest in the local real estate market, this trend may reflect both increased property values and a forward-thinking community when it comes to energy efficiency.
Average Real Estate Taxes Per Tax Return in Lamar County, MS Over the Last 10 Years
Over the last decade, Lamar County, Mississippi has seen a notable increase in average real estate taxes per tax return. Starting at approximately $2,273.34 in 2012, this figure has consistently risen to around $4,053.49 by 2021. The year 2018 marked a significant jump to $3,536.95, and the upward trend continued steadily thereafter. This growth in real estate taxes could be indicative of rising property values or adjustments in tax rates, signaling potential shifts in the local housing market. This information could be particularly valuable for investors, property developers, real estate agents, appraisers, and insurance agents assessing the evolving financial landscape of the region.
Percentage of Farm Returns in Lamar County, MS Over the Last 10 Years
Lamar County, Mississippi has seen a relatively stable percentage of farm tax returns over the past decade, hovering around 2.83% to 3.18%. These figures suggest that farming remains a consistent component of the local economy, making it a potentially reliable area for agricultural investments. For potential property developers and investors, this stability could imply a resilient agricultural sector, which might buffer against economic downturns. While not a staggering percentage, the consistency might appeal to those seeking steady, sustainable growth opportunities within the county.
Number of Mortgages by Occupancy Type in Lamar County, MS Over the Last 5 Years in Lamar County
In Lamar County, Mississippi, principal residences consistently dominate the mortgage market, with significant spikes in 2020 and 2021, possibly reflecting broader economic trends such as shifts in the housing market and work-from-home dynamics. While there is a stable yet smaller volume of investment properties, second residences show fluctuating but relatively low numbers. These occupancy trends can inform prospective investors and real estate agents about the predominant demand for primary homes, suggesting a stable resident base. Appraisers and insurance agents may note these trends for risk assessments and valuation references, recognizing that primary residencies often mean more stable long-term ownership. Builders might find opportunities in catering predominantly to local homebuyers rather than secondary homeowners or investors.
Economic Outlook
Over the past several years, Lamar County, Mississippi has experienced a significant increase in average taxable income per tax return, climbing from $60,554.04 in 2013 to $76,912.07 in 2021. During this period, state and local income taxes also escalated sharply, from $5,800.36 in 2012 to $12,046.58 in 2021, with notable jumps in 2018. Such trends could suggest shifts in local legislation and an improving economic climate, potentially making the area appealing to investors and property... Read more
Average Taxable Income per Tax Return in Lamar County, MS over the last 9 years
Over the last nine years, Lamar County, Mississippi, has experienced fluctuations in average taxable income per tax return, showing a general upward trend. Notably, between 2013 and 2021, the average taxable income increased from approximately $60,554.04 to about $76,912.07. Investments might be seen as potentially more lucrative due to this rise in taxable income, indicating an improving economic climate which could attract appraisers, insurance agents, and prospective homeowners. Real estate agents and property developers might also find these trends appealing for market entry or expansion.
Average State and Local Income Taxes Per Tax Return in Lamar County, MS Over the Last 10 Years
Lamar County, Mississippi has seen a significant increase in average state and local income taxes per tax return over the past decade. Starting at around $5,800.36 in 2012, the amount has risen dramatically, peaking at $12,046.58 in 2021. Notably, there was a sharp jump around 2018, when the taxes increased from approximately $6,421.96 to $10,182.98, suggesting potential changes in local legislation or economic shifts. For prospective investors and residents, this upward trend in tax liabilities could be a crucial factor in financial and relocation planning.
Average Total Tax Liability Per Tax Return in Lamar County, MS Over the Last 10 Years
Over the past decade, Lamar County, Mississippi has shown variability in average total tax liability per tax return, generally trending upward. Significant jumps occurred in 2015 and 2021, where liabilities rose to $13,170.00 and $13,543.59, respectively. Despite some dips, such as in 2017, the overall increase could be indicative of rising incomes or shifts in tax policy. This fluctuation is particularly relevant for potential investors and property developers when forecasting financial expectations.
Cost of Living in Lamar County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,352 | $1,504 | $2,000 | $1,094 | $1,317 |
| 1 adult 4 children | $1,352 | $1,228 | $1,491 | $1,094 | $1,418 |
| 2 adults 3 children | $1,352 | $1,229 | $1,754 | $1,094 | $1,085 |
| 1 adult 3 children | $1,352 | $1,003 | $1,246 | $1,094 | $1,167 |
| 2 adults 2 children | $1,059 | $1,006 | $1,508 | $950 | $913 |
| 1 adult 2 children | $1,059 | $751 | $1,000 | $950 | $856 |
| 2 adults 1 child | $1,059 | $795 | $1,263 | $482 | $834 |
| 1 adult 1 child | $1,059 | $513 | $754 | $482 | $711 |
| 2 adults | $876 | $639 | $1,017 | $0 | $712 |
| 1 adult | $736 | $348 | $508 | $0 | $591 |
Safety trends & Data
Lamar County, Mississippi has experienced varied property crime trends from 2018 to 2022. Burglary incidents peaked at 22 in 2018 before dropping to 9 in 2019 and then gradually increasing again. Larceny-theft arrests were relatively high early on but fell significantly to 5 by 2022. Motor vehicle thefts hit their highest in 2020 at 9, but dropped to just 2 by 2022. Notably, arrests for stolen property transactions saw a substantial spike in 2021, while fraud arrests showed a downward trend.... Read more
Property Crime Trends in Lamar County, MS Over the Last 5 Years
Lamar County, Mississippi has shown fluctuations in various property crimes from 2018 to 2022. Burglary incidents saw a peak of 22 in 2018, a significant drop to 9 in 2019, followed by a gradual increase again. Larceny-Theft remained relatively high with 23 arrests in both 2018 and 2019, then dropped to 5 by 2022. Notably, Motor Vehicle Theft arrests were highest in 2020 at 9, reducing to just 2 by 2022. Fraud saw a downward trend from 4 in 2018 to 2 in 2022, with a few fluctuations in between. Interestingly, arrests for Stolen Property transactions spiked to 11 in 2021 from just 1 in 2018, then decreased to 8 in 2022. For potential movers, investors, and real estate professionals, these trends highlight shifts in safety and risk factors for property investments. For insurers and appraisers, these statistics could indicate the need for tailored policies and valuations based on evolving local crime trends.
Demographics
Lamar County, Mississippi, sees a slight predominance of females over males in its adult population. The educational attainment shows a substantial number of residents possessing at least a high school diploma, with a notable segment holding bachelor's and advanced degrees. The age distribution is broadly balanced, yet there's a significant spike in the 25 to 44 years age range. The racial makeup displays a predominantly White demographic with a sizeable Black or African American... Read more
Race Distribution in Lamar County, Mississippi (2022)
Educational Attainment in Lamar County, Mississippi (2022)
Age Distribution in Lamar County, Mississippi
Citizen Population in Lamar County, Mississippi (2022)
Political Trends & Data
Lamar County, Mississippi, seems to lean heavily Republican, especially based on the 2020 U.S. Presidential Election results where GOP candidates may have captured around 73% of the vote. This Republican dominance could mean the area favors conservative policies, possibly influencing local real estate trends and economic initiatives. This political backdrop might impact buyer preferences and investment opportunities, potentially making the market more competitive for conservative-leaning buyers... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lamar County, Mississippi, Republican candidates may have dominated the 2020 U.S. Presidential Election with approximately 73% of the vote. Democrats trailed significantly, securing about 26%, while Libertarians and other minor parties collectively garnered less than 2% of the vote. These figures might suggest a strong Republican presence and a challenging environment for Democratic and third-party candidates in this county.
72.68% of voters voted for the Republican party in the 2020 Presidential Election
25.77% of voters voted for the Democrat party in the 2020 Presidential Election
0.93% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
0.51% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lamar County, Mississippi has seen its student-to-teacher ratio drop from a peak of nearly 15 in 2016 to about 11 in 2023, contrasting favorably with the national average of 14. This could imply quality education due to more individualized attention, making it an attractive point for families considering a move, and potentially driving up demand for housing. Real estate agents might find this trend useful in marketing properties, while developers and appraisers might see it as a sign of stable... Read more
Student-to-teacher ratio in Lamar County, Mississippi over the last 10 years
Lamar County, Mississippi has experienced fluctuations in its student-to-teacher ratio over the past decade, peaking at nearly 15 in 2016 before decreasing to its current low of about 11 in 2023. This trend is generally favorable compared to the national average of 14 students per teacher. For potential investors, this lower ratio suggests a focus on individualized attention, possibly indicating quality education that could be a selling point for families contemplating a move. Real estate agents might leverage this as a unique benefit when showcasing properties. Developers and appraisers could see this as a sign of stable or potentially growing demand for housing near good schools. Insurance agents might consider this an indicator of well-maintained community infrastructure.
