Lawrence County Real Estate and Livability Trends
In Lawrence County, Mississippi, the average home value rose modestly from $86,800 in 2015 to $104,300 in 2022, offering a potentially more affordable entry point compared to state and national trends. Real estate taxes almost doubled, suggesting growing property values and possibly improved infrastructure. More people are securing mortgages for principal residences, peaking at 428 in 2021,... Read more
Lawrence County Market Trends
The median home values in Lawrence County, Mississippi, rose from $86,800 in 2015 to $104,300 in 2022, displaying a more modest growth rate compared to state and national trends, potentially offering a more affordable entry point for buyers. Residential energy tax credits peaked at $720.00 in 2017 but have fluctuated, possibly reflecting local energy efficiency efforts, presenting opportunities... Read more
Median Value of Occupied Housing Units in Lawrence County, Mississippi Over the Last 8 Years
The median home values in Lawrence County, Mississippi, have shown a gradual increase over the past eight years, rising from $86,800 in 2015 to $104,300 in 2022. This growth, although steady, is somewhat slower compared to the state of Mississippi, where median values climbed from $103,100 to $151,000 during the same period. Nationally, values soared from $125,500 to an impressive $179,400, underscoring Lawrence County's relatively modest pace. For investors or prospective homebuyers, this could indicate a potentially affordable entry point in a market not yet seeing the rapid price inflations that characterize state and national trends.
Residential Energy Tax Credit Per Tax Return in Lawrence County, MS Over the Last 9 Years
Over the past nine years in Lawrence County, Mississippi, the average residential energy tax credit per tax return has shown some significant fluctuations. Peaking in 2017 at $720.00, there seems to be a trend where this value has varied, possibly reflecting changes in energy efficiency upgrades or incentives in the area. For investors or those building property, understanding these trends might be helpful for predicting ongoing energy efficiency investments in the region. Real estate agents, appraisers, and insurance agents could also find this information useful for assessing the potential impact of energy efficiency improvements on property values and insurance rates.
Average Real Estate Taxes Per Tax Return in Lawrence County, MS Over the Last 10 Years
Over the past decade, Lawrence County, Mississippi has seen a substantial uptick in average real estate taxes per tax return, climbing from approximately $1,050.56 in 2012 to around $1,938.46 in 2021. This trend suggests escalating property values and potentially improved local infrastructure or services. For investors, real estate agents, and potential homeowners, this could indicate a more robust and desirable market, albeit with higher carrying costs. Insurance agents and appraisers may also need to adjust risk assessments and property values accordingly.
Percentage of Farm Returns in Lawrence County, MS Over the Last 10 Years
Over the last 10 years, farm tax returns in Lawrence County, Mississippi have shown some variability, though generally hovering around the 10% mark of total returns. Peaks were seen in 2013 and 2017 with slight dips noticeable in 2019 and 2020. Farm tax returns reflect the economic activity generated by farming operations and can be indicative of the local agricultural sector's health. For investors or those considering relocating, these numbers may suggest relative stability in the agricultural market, though periodic fluctuations should be taken into account when planning.
Number of Mortgages by Occupancy Type in Lawrence County, MS Over the Last 5 Years in Lawrence County
Over the last five years in Lawrence County, Mississippi, the mortgage counts for principal residences have shown a steady increase, peaking in 2021 with 428 mortgages. In contrast, investment properties and second residences remain relatively low, with modest fluctuations. These shifts in occupancy types can influence long-term property values and market stability. For investors, a higher demand for principal residences might signal a robust local employment market and attract more stable long-term tenants. For those considering second homes, the comparatively low numbers might indicate less competitive pricing and fewer seasonal fluctuations. Insurance agents and appraisers should take note, as these trends can affect risk assessments and property valuations.
Economic Outlook
Lawrence County, Mississippi's average taxable income per tax return has generally trended upward over the last nine years, peaking at $48,898.97 in 2021. Despite a dip to $44,747.51 around 2016, the resilience in income levels might attract investors and real estate professionals. Meanwhile, average state and local income taxes have shown a trend of increasing, with significant spikes in 2018 and 2020. Similarly, average total tax liabilities have fluctuated, with a notable peak in 2013 at... Read more
Average Taxable Income per Tax Return in Lawrence County, MS over the last 9 years
Over the last nine years in Lawrence County, Mississippi, the average taxable income per tax return has shown some fluctuations, peaking at $48,898.97 in 2021. There was a notable dip around 2016, with incomes dropping to $44,747.51, but they've generally trended upward since then. This pattern could catch the eye of investors, builders, and real estate agents as it suggests resilience and potential for growth in the county's economic conditions. Knowing these trends may also offer useful insights for insurance agents and appraisers in forecasting financial stability.
Average State and Local Income Taxes Per Tax Return in Lawrence County, MS Over the Last 10 Years
Over the past decade, residents of Lawrence County, Mississippi have faced a fluctuating but generally increasing trend in average state and local income taxes per tax return. Starting at $4073.03 in 2012, taxes spiked notably in years like 2018 and 2020, reaching $5355.56 and $6047.06 respectively, before slightly dropping to $5469.23 in 2021. This pattern might indicate periods of economic growth and policy changes affecting income tax rates. For investors, potential homeowners, and developers, understanding these tax trends is crucial for financial planning and evaluating long-term investment viability in the area.
Average Total Tax Liability Per Tax Return in Lawrence County, MS Over the Last 10 Years
Lawrence County, Mississippi has seen fluctuating average total tax liabilities per tax return over the last decade, peaking at $6,704.62 in 2013 and hitting a low of $5,491.67 in 2019. These variations could suggest shifts in local economic conditions or changes in tax policy. For potential investors, builders, or real estate agents, it's worth noting that while the tax burden can ebb and flow year to year, understanding these trends might offer insight into the financial climate and fiscal health of the area. Similarly, appraisers and insurance agents should consider these figures when evaluating property values or setting premium rates.
Cost of Living in Lawrence County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,003 | $1,343 | $1,877 | $606 | $863 |
| 1 adult 4 children | $1,003 | $1,097 | $1,400 | $606 | $905 |
| 2 adults 3 children | $1,003 | $1,097 | $1,646 | $606 | $702 |
| 1 adult 3 children | $1,003 | $896 | $1,169 | $606 | $693 |
| 2 adults 2 children | $824 | $898 | $1,416 | $533 | $647 |
| 2 adults 1 child | $824 | $710 | $1,185 | $297 | $660 |
| 1 adult 2 children | $824 | $671 | $938 | $533 | $562 |
| 1 adult 1 child | $824 | $459 | $708 | $297 | $556 |
| 2 adults | $626 | $570 | $955 | $0 | $592 |
| 1 adult | $622 | $311 | $477 | $0 | $540 |
Demographics
Lawrence County, Mississippi shows a modest gender imbalance with slightly more females than males. The adult population has a significant segment of high school graduates, yet fewer attain higher education degrees, with less than 10% holding a bachelor's or graduate degree. The county's age distribution appears relatively balanced, though it leans older, with a notable number of residents in the 55 to 64 age bracket. Racially, the population is predominantly White, with Black or African... Read more
Race Distribution in Lawrence County, Mississippi (2022)
Educational Attainment in Lawrence County, Mississippi (2022)
Age Distribution in Lawrence County, Mississippi
Citizen Population in Lawrence County, Mississippi (2022)
Political Trends & Data
Lawrence County, Mississippi leans heavily conservative based on its 2020 U.S. Presidential Election results, where approximately 65% of the vote went to the Republican Party. Roughly 34% supported the Democratic Party, and third-party candidates received less than 5%. This strong conservative presence could influence local policies and development trends, making it an attractive area for investment aligned with similar political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lawrence County, Mississippi, the 2020 U.S. Presidential Election saw a significant lean towards the Republican Party, with approximately 65% of the vote, compared to around 34% for the Democratic Party. The third-party candidates, including Libertarian and Green parties, together garnered less than 5% of the total vote. This suggests a strong conservative presence in the county, reflective of broader trends seen in similar regions.
64.80% of voters voted for the Republican party in the 2020 Presidential Election
34.18% of voters voted for the Democrat party in the 2020 Presidential Election
0.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% of voters voted for the Green party in the 2020 Presidential Election
0.62% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Lawrence County, Mississippi has seen notable fluctuations over the past decade, starting at twelve students per teacher in 2014, peaking at nearly sixteen in 2017, and dropping to under ten students per teacher in 2023. This ratio, currently well below the national average of fourteen, could indicate a higher level of individual attention in schools, making the area appealing for families prioritizing smaller class sizes. Real estate agents and developers might... Read more
Student-to-teacher ratio in Lawrence County, Mississippi over the last 10 years
Over the past decade, the student-to-teacher ratio in Lawrence County, Mississippi has fluctuated significantly. Starting at about twelve students per teacher in 2014, the ratio saw a peak at nearly sixteen in 2017 before dropping to under ten students per teacher in 2023. These changes could be crucial for investors, appraisers, and those considering moving to the area as they might indicate varying levels of individual attention students receive, influencing the perceived quality of education. The current ratio in 2023 is well below the national average of fourteen, potentially making Lawrence County attractive for families prioritizing smaller class sizes. For real estate agents and developers, highlighting these educational dynamics might offer a strategic advantage, while insurance agents might consider the stability of the population driven by educational factors.
