Leake County Real Estate and Livability Trends
Leake County, Mississippi has seen notable economic signs, such as an almost 30% rise in median home values from $76,000 in 2015 to $98,800 in 2022, which could suggest increased investment interest. Concurrently, average taxable income per tax return climbed from $39,443.93 in 2013 to $44,215.44 by 2021. There's a trend towards energy-efficient home improvements, with residential energy tax... Read more
Leake County Market Trends
Leake County, Mississippi has witnessed an almost 30% rise in median home values from $76,000 in 2015 to $98,800 in 2022, signaling potential increased interest or investment in the region. Residential energy tax credits peaked at $775.00 in 2019, reflecting a trend towards energy-efficient home improvements. Real estate taxes per tax return surged significantly from $1,377.68 in 2012 to... Read more
Median Value of Occupied Housing Units in Leake County, Mississippi Over the Last 8 Years
Leake County, Mississippi has experienced steady growth in median home values over the past eight years, culminating in a significant jump from $76,000 in 2015 to $98,800 in 2022. While still lower than the statewide median of $151,000 and the national median of $179,400 for 2022, this rise could signal increased interest or investment in the area. This upward trend may be attractive to potential investors or new residents eyeing more affordable markets within Mississippi.
Residential Energy Tax Credit Per Tax Return in Leake County, MS Over the Last 8 Years
Leake County, Mississippi has seen fluctuations in residential energy tax credits over the past eight years, with a notable peak of $775.00 in 2019. The average credit per tax return has generally trended upward from its initial value of $300.00 in 2013. Such trends could hint at increasing investments in energy-efficient home improvements, which might attract both potential buyers and investors looking for sustainable properties. Real estate and insurance agents, as well as appraisers, should consider these patterns as they reflect a growing interest in energy efficiency among residents.
Average Real Estate Taxes Per Tax Return in Leake County, MS Over the Last 10 Years
Real estate taxes per tax return in Leake County, Mississippi have seen a significant increase over the past decade, moving from $1,377.68 in 2012 to a peak of $2,435.00 in 2020. The most notable jump occurred between 2017 and 2018, where taxes surged from $1,554.00 to $2,082.14, possibly reflecting changes in property assessments or local tax policies. This trend suggests rising property valuations, which could interest real estate investors and appraisers, while prompting potential concerns for residents and insurance agents. Builders and real estate agents might find this indicative of growing market value in the county.
Percentage of Farm Returns in Leake County, MS Over the Last 10 Years
Over the past decade, Leake County, Mississippi, saw some fluctuations in the percentage of farm tax returns, with values hovering around 6.47% to 6.88% between 2012 and 2019, and a slight dip to 5.72% in 2020 before nudging back up to nearly 6.00% in 2021. Farm tax returns essentially provide insight into how many tax filings in a region are attributed to agricultural activities, which could signal the area's agricultural vitality. For those eyeing investments, relocations, or development opportunities, a stable yet slightly varying presence of farm tax returns suggests that agriculture remains a steady but not overwhelmingly dominant economic pillar in the county.
Number of Mortgages by Occupancy Type in Leake County, MS Over the Last 5 Years in Leake County
Over the last five years in Leake County, Mississippi, the number of mortgages for principal residences has generally increased, peaking in 2021 before dropping in 2022. Investment property mortgages, meanwhile, have mostly declined, while second residences have seen only minor fluctuations. These trends might signal a shifting focus towards primary homeownership, impacting investment strategies, property value assessments, and insurance risk evaluations. Understanding these shifts helps real estate agents and potential investors gauge market stability and potentially forecast future growth areas.
Economic Outlook
Leake County, Mississippi has seen a steady increase in average taxable income per tax return, from $39,443.93 in 2013 to $44,215.44 by 2021, suggesting a potentially growing local economy. Meanwhile, average state and local income taxes have risen from $3,832.20 in 2012 to $6,145.00 in 2021, indicating rising incomes. Despite some fluctuations, the average total tax liability per tax return has generally hovered around $5,500.00, offering a somewhat predictable fiscal environment. These trends... Read more
Average Taxable Income per Tax Return in Leake County, MS over the last 9 years
Leake County, Mississippi has seen a consistent upward trend in average taxable income per tax return over the last nine years. Starting at $39,443.93 in 2013, it reached $44,215.44 by 2021. This gradual increase in income may suggest a growing local economy, potentially making it an attractive area for real estate investments and new businesses. However, fluctuations like the dip in 2016 indicate some variability, which might interest appraisers and insurance agents in analyzing risk factors. Real estate agents and potential homeowners should find the overall financial health of the area noteworthy when considering property investments.
Average State and Local Income Taxes Per Tax Return in Leake County, MS Over the Last 10 Years
Over the past decade, Leake County, Mississippi has seen a notable upward trend in average state and local income taxes per tax return. Starting at $3,832.20 in 2012, the values have fluctuated but ultimately increased sharply, reaching $6,145.00 in 2021. This growth suggests rising incomes and potentially stronger local economic conditions, which may be of interest to investors and individuals considering moving to or building property in the area.
Average Total Tax Liability Per Tax Return in Leake County, MS Over the Last 10 Years
Over the last decade, Leake County, Mississippi has experienced variations in average total tax liability per tax return, with the most notable peak in 2015 at $5869.09. Despite some fluctuations, the trend suggests a general oscillation around $5,500.00. For potential investors, this data indicates a region with predictable tax liabilities, offering a degree of financial consistency for those considering property investments. Real estate agents and appraisers might find these trends useful for market analysis, while insurance agents can use this stable tax environment to assess risk more accurately.
Cost of Living in Leake County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $932 | $1,263 | $1,877 | $509 | $776 |
| 2 adults 3 children | $932 | $1,032 | $1,646 | $509 | $620 |
| 1 adult 4 children | $932 | $1,031 | $1,400 | $509 | $784 |
| 1 adult 3 children | $932 | $842 | $1,169 | $509 | $593 |
| 2 adults 2 children | $766 | $844 | $1,416 | $448 | $589 |
| 2 adults 1 child | $766 | $667 | $1,185 | $252 | $608 |
| 1 adult 2 children | $766 | $631 | $938 | $448 | $510 |
| 1 adult 1 child | $766 | $431 | $708 | $252 | $510 |
| 2 adults | $582 | $536 | $955 | $0 | $563 |
| 1 adult | $578 | $292 | $477 | $0 | $518 |
Safety trends & Data
In Leake County, Mississippi, property crime trends suggest a slight overall decline over the past three years, potentially making it a more appealing location for investors and homebuyers. Notably, burglary incidents have dropped from 4 in 2020 to 2 in 2022, and vandalism peaked at 3 occurrences in 2021 before disappearing in 2022. However, theft of stolen property lacks a clear trend, and motor vehicle thefts have only been recorded in the last two years with 3 and 1 occurrences respectively.... Read more
Property Crime Trends in Leake County, MS Over the Last 3 Years
Investors and homebuyers might notice that Leake County, Mississippi, has seen a slight overall decrease in property crimes over the past three years. Burglary incidents have dropped from 4 in 2020 to 2 in 2022. Vandalism peaked at 3 occurrences in 2021 before dropping off the records in 2022. Notably, theft of stolen property has fluctuated, showing no clear trend, and motor vehicle thefts only appeared in the dataset in 2021 and 2022 with 3 and 1 occurrences respectively. These trends may imply improving security but underline varying hotspots of different types of property crimes.
Demographics
Leake County, Mississippi's demographics show a slight male-female population imbalance, favoring females. Educational attainment reveals a significant portion of the populace attaining high school education, though college degree holders are less common. Age distribution depicts a balanced yet aging population, with a notable group aged 35 to 44 years. Ethnically, the county is diverse but predominantly White and Black or African American, with smaller groups of American Indian and other... Read more
Race Distribution in Leake County, Mississippi (2022)
Educational Attainment in Leake County, Mississippi (2022)
Age Distribution in Leake County, Mississippi
Citizen Population in Leake County, Mississippi (2022)
Political Trends & Data
Leake County, Mississippi, exhibits a potential penchant for the Republican Party, with around 57.00% of the vote in the 2020 U.S. Presidential Election. Democrats possibly secured about 42.00%, while minor parties like Libertarians and Greens likely received just 0.2% and 0.1% of the votes, respectively. This voting pattern implies a dominant two-party system, with third parties having minimal influence on the county's political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Leake County, Mississippi, the 2020 U.S. Presidential Election results possibly indicate a lean towards the Republican Party, which garnered about 57% of the vote. Democrats may have captured roughly 42%, while Libertarians and Greens seemingly made up only a small fraction of the vote share, about 0.2% and 0.1%, respectively. This distribution suggests a strong two-party preference, with minor parties barely making a noticeable impact in this particular county.
56.83% of voters voted for the Republican party in the 2020 Presidential Election
42.36% of voters voted for the Democrat party in the 2020 Presidential Election
0.21% of voters voted for the Livertarian party in the 2020 Presidential Election
0.07% of voters voted for the Green party in the 2020 Presidential Election
0.54% of voters voted for the Other party in the 2020 Presidential Election
School Data
Leake County, Mississippi has seen its student-to-teacher ratio fluctuate significantly over the past decade, peaking at 16 students per teacher in 2018, and dropping to a low of twelve in 2023. Currently below the national average of fourteen, this trend may signal a more personalized education experience, appealing to families, investors in educational projects, and real estate agents promoting local schools. Additionally, these metrics could help appraisers and insurance agents evaluate... Read more
Student-to-teacher ratio in Leake County, Mississippi over the last 10 years
Over the last decade in Leake County, Mississippi, the student-to-teacher ratio has shown substantial fluctuation, peaking at 16 students per teacher in 2018 and reaching a low of twelve in 2023. With recent ratios sitting below the national average of fourteen students per teacher, this county may offer a more personalized education experience. This is particularly relevant for families considering relocation, investors targeting education-focused projects, and real estate agents who might leverage these figures to showcase the appeal of local schools. Understanding these trends can also guide appraisers and insurance agents in assessing property values and risks associated with educational quality.
