Lauderdale County Real Estate and Livability Trends
Lauderdale County, Mississippi has shown a promising rise in average taxable income, from $49,226.57 in 2013 to $61,621.92 by 2021, potentially signaling economic stability. The median home value has also increased, reaching $121,900 in 2022, making it an attractive option compared to state and national markets. The lower student-to-teacher ratio of twelve students per teacher may enhance... Read more
Lauderdale County Market Trends
Lauderdale County, Mississippi's median home value has grown from $87,600 in 2015 to $121,900 in 2022, offering a more affordable option compared to the state average and national markets. Simultaneously, the region has witnessed an increase in average residential energy tax credits, peaking at $1,159.09 in 2018, reflecting a rising commitment to energy-efficient improvements. Real estate taxes... Read more
Median Value of Occupied Housing Units in Lauderdale County, Mississippi Over the Last 8 Years
The median home value in Lauderdale County, Mississippi has increased from $87,600 in 2015 to $121,900 in 2022, showing a steady upward trend. While home values in Mississippi as a whole went from $103,100 to $151,000 over the same period, Lauderdale County's growth rate is somewhat lower. This localized trend could appeal to budget-conscious buyers or investors compared to broader state and national markets, where median home prices reached $179,400 in 2022, suggesting higher competition and investment risk.
Residential Energy Tax Credit Per Tax Return in Lauderdale County, MS Over the Last 9 Years
Over the last nine years, Lauderdale County, Mississippi has seen fluctuating figures in average residential energy tax credits per tax return, peaking notably in 2018 at $1,159.09. While there have been highs and lows, the overall upward trend since 2013 suggests a growing investment in energy-efficient improvements. This likely indicates a burgeoning interest from homeowners in sustainable living, which could be a valuable consideration for real estate agents, investors, and appraisers. Staying informed on these trends could be beneficial for anyone looking to invest in or move to the area, reflecting a community gradually embracing greener initiatives.
Average Real Estate Taxes Per Tax Return in Lauderdale County, MS Over the Last 10 Years
Over the last 10 years, average real estate taxes per tax return in Lauderdale County, Mississippi have shown a noticeable upward trend, increasing from $2,135.12 in 2012 to $3,945.04 in 2021. Sharp increases between 2016 and 2018, where taxes jumped from $2,480.41 to $3,587.08, may point to rising property values or shifts in tax policies. This trend could be a crucial factor for potential investors, appraisers, and insurance agents evaluating property costs and risks, as well as residents concerned about escalating living expenses.
Percentage of Farm Returns in Lauderdale County, MS Over the Last 10 Years
Over the last decade, Lauderdale County, Mississippi has seen farm tax returns ranging roughly between 2.25% and 2.51%. There's a notable peak in 2015 at around 2.51%, after which values oscillate slightly above or below 2.3%. Farm tax returns, a measure of farm efficiency and profitability, give a snapshot of the agricultural sector’s stability and marginal growth for this period. For investors, builders, and potential residents, these relatively stable returns might suggest consistent farm productivity and economic reliability in the area.
Number of Mortgages by Occupancy Type in Lauderdale County, MS Over the Last 5 Years in Lauderdale County
Lauderdale County, Mississippi, has seen a significant rise in mortgages for principal residences over the past five years, showing heightened interest in long-term settlement in the area. Investment property mortgages have also slightly increased, suggesting a growing but cautious confidence among property investors. Mortgages for second residences remain notably low, indicating limited appeal for seasonal or secondary housing. Shifts in occupancy types can signal broader economic or social trends; for investors and real estate agents, these patterns might influence market evaluations and advising strategies. Appraisers and insurance agents should note these dynamics as they potentially affect property values and risk calculations.
Economic Outlook
Over the last nine years, Lauderdale County, Mississippi has experienced an upward trend in average taxable income per tax return, growing from $49,226.57 in 2013 to $61,621.92 in 2021. This could point to economic stability and potential growth, which is appealing for investors and new residents. Additionally, the average state and local income taxes surged from $5,356.17 in 2012 to a peak of $15,454.69 in 2020, suggesting shifts in fiscal policies or responsibilities that could affect... Read more
Average Taxable Income per Tax Return in Lauderdale County, MS over the last 9 years
Over the last nine years in Lauderdale County, Mississippi, the average taxable income per tax return has shown a generally upward trend, with notable increases especially in recent years. From $49,226.57 in 2013 to $61,621.92 in 2021, there's an evident growth in taxable incomes, despite a slight dip in 2020. These figures might be of particular interest to potential investors, real estate agents, and those considering moving to Lauderdale County, as they can signal economic stability and growth potential in the region. Insurance agents and appraisers might also find this data useful for assessing property values and market conditions.
Average State and Local Income Taxes Per Tax Return in Lauderdale County, MS Over the Last 10 Years
Over the past decade, Lauderdale County, Mississippi has seen a dramatic rise in average state and local income taxes per tax return. From 2012’s $5,356.17, there's been a significant increase, reaching a peak of $15,454.69 in 2020, and slightly declining to $14,776.42 in 2021. This trend can imply growing fiscal responsibilities or changes in tax policies that may affect residents and potential investors. Awareness of such economic indicators is crucial for those planning to move, invest, or build in Lauderdale County, as it impacts disposable income and overall financial planning.
Average Total Tax Liability Per Tax Return in Lauderdale County, MS Over the Last 10 Years
Over the past decade, Lauderdale County, Mississippi has seen fluctuating yet broadly increasing average total tax liabilities per tax return, growing from about $8,522.55 in 2012 to approximately $11,178.19 in 2021. This trend suggests a potential rise in incomes or property values, impacting investment decisions, real estate valuations, and insurance rates. For prospective buyers, investors, and real estate professionals, understanding these shifts could be crucial for making informed decisions.
Cost of Living in Lauderdale County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,047 | $1,416 | $1,877 | $596 | $868 |
| 1 adult 4 children | $1,047 | $1,156 | $1,400 | $596 | $874 |
| 2 adults 3 children | $1,047 | $1,156 | $1,646 | $596 | $686 |
| 1 adult 3 children | $1,047 | $944 | $1,169 | $596 | $666 |
| 2 adults 2 children | $811 | $947 | $1,416 | $525 | $610 |
| 2 adults 1 child | $811 | $748 | $1,185 | $296 | $626 |
| 1 adult 2 children | $811 | $707 | $938 | $525 | $521 |
| 1 adult 1 child | $811 | $483 | $708 | $296 | $519 |
| 2 adults | $667 | $601 | $955 | $0 | $581 |
| 1 adult | $649 | $328 | $477 | $0 | $525 |
Safety trends & Data
Lauderdale County, Mississippi has experienced a decrease in certain property crimes over the past three years. Burglary incidents dropped from 53.00 in 2018 to 31.00 in 2020, and larceny-theft incidents fell from 565.00 to 259.00 over the same period. Arson and motor vehicle theft incidents have remained relatively stable with only minor fluctuations. These shifts could signal changes in community dynamics or law enforcement strategies. For investors and real estate professionals, these trends... Read more
Property Crime Trends in Lauderdale County, MS Over the Last 3 Years
Lauderdale County, Mississippi has seen a notable decrease in some types of property crimes over the last three years. Burglary incidents dropped from 53.0 in 2018 to 31.0 in 2020, while larceny-theft incidents decreased more dramatically from 565.0 in 2018 to 259.0 in 2020. Conversely, arson and motor vehicle theft figures have remained relatively stable, with minor fluctuations. These shifts may be indicative of evolving community dynamics or changes in law enforcement strategies. For potential investors and real estate agents, understanding these trends can help predict the security and desirability of properties in the area, while appraisers and insurance agents might consider these changes when assessing risk and property values.
Demographics
Lauderdale County, Mississippi's adult population slightly favors females, with males not trailing too far behind. Educational attainment reveals a balanced spread, though high school graduates, including equivalency, form the largest group, closely followed by those with some college but no degree. The age distribution appears to span fairly evenly across various brackets but leans towards older adults, particularly those aged 55 to 64. The racial makeup is predominantly White and Black or... Read more
Race Distribution in Lauderdale County, Mississippi (2022)
Educational Attainment in Lauderdale County, Mississippi (2022)
Age Distribution in Lauderdale County, Mississippi
Citizen Population in Lauderdale County, Mississippi (2022)
Political Trends & Data
Lauderdale County, Mississippi, leans heavily Republican, with over 57% of the presidential vote, compared to about 41% for Democrats. Third parties, like the Libertarians and Greens, barely made a dent, each securing just over 0.5%. This GOP dominance might shape local policies and election strategies moving... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lauderdale County in Mississippi shows a notable tendency towards Republican preferences, with over 57 percent of the vote, while Democrats garnered around 41 percent. Third parties, including Libertarian and Green, made only minimal impacts, barely registering above 0.5 percent individually. This trend could reflect broader political inclinations within the county and might influence future policy and election strategies in the region.
57.50% of voters voted for the Republican party in the 2020 Presidential Election
41.48% of voters voted for the Democrat party in the 2020 Presidential Election
0.48% 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
0.47% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lauderdale County, Mississippi boasts a student-to-teacher ratio of roughly twelve students per teacher in 2023. This is lower than the national average of fourteen, hinting at more personalized attention for students. Such educational investments may enhance neighborhood desirability and could be a significant factor in property valuation for investors and appraisers. Lower ratios might also attract developers and new residents, presenting an opportunity for those involved in educational... Read more
Student-to-teacher ratio in Lauderdale County, Mississippi over the last 10 years
Lauderdale County, Mississippi has seen its student-to-teacher ratio fluctuate over the past decade. With a current ratio of roughly twelve students per teacher in 2023, it is lower than the national average of fourteen, suggesting potentially more personalized attention for each student. Investors, real estate agents, and those planning to move to the area might find this appealing, as lower ratios could indicate a stronger commitment to education. Similarly, appraisers and insurance agents might consider this a factor in neighborhood desirability and property valuation. This trend could also be useful for those developing new educational programs or looking to build properties near schools, as smaller class sizes can be a key selling point.
