Lee County Real Estate and Livability Trends
Lee County, Mississippi's real estate market has shown noticeable growth, with median home values climbing from $117,000 in 2015 to $172,900 in 2022. Meanwhile, average total tax liabilities have surged, reaching $11,724.17 in 2021, hinting at an improving economic landscape, though higher taxes could necessitate careful financial planning. The student-to-teacher ratio has impressively dropped to... Read more
Lee County Market Trends
Lee County, Mississippi, has seen its median home values rise from $117,000 in 2015 to $172,900 in 2022, aligning with both state and national trends. Real estate taxes have nearly doubled since 2012, reaching an average of $3,849.02 per return in 2021, pointing to rising property values and possibly increased fiscal needs. Residential energy tax credits have fluctuated, peaking at $1,245.00 in... Read more
Median Value of Occupied Housing Units in Lee County, Mississippi Over the Last 8 Years
Lee County, Mississippi, has experienced a consistent rise in median home values over the past eight years, increasing from $117,000 in 2015 to $172,900 in 2022. When compared to both state and national trends, Lee County's growth appears in line with broader patterns. The state's median jumped from $103,100 to $151,000 during the same period, while the national median surged from $125,500 to $179,400. For investors, this steady appreciation in Lee County suggests a robust and steadily growing housing market, making it a potentially attractive location for future investments.
Residential Energy Tax Credit Per Tax Return in Lee County, MS Over the Last 9 Years
Over the past nine years, Lee County, Mississippi, has seen notable fluctuations in the average residential energy tax credit per tax return. Starting at around $332.14 in 2013, this figure showed a significant rise to $1,245.00 by 2018, before adjusting to $888.89 in 2019. By 2021, the average reached $1,037.21. These fluctuations might suggest periods of increased energy-efficient improvements or changing state or federal incentives, which could be key for investors, insurance agents, and real estate professionals eyeing the energy efficiency market in the region.
Average Real Estate Taxes Per Tax Return in Lee County, MS Over the Last 10 Years
Lee County, Mississippi has seen a notable rise in average real estate taxes per tax return over the past decade, nearly doubling from approximately $2,340.26 in 2012 to $3,849.02 in 2021. While there have been minor fluctuations, the overall trend points to a significant increase, especially from 2016 onward. This upward movement could suggest a range of factors from rising property values to increased local fiscal needs. Such trends might be compelling for potential investors and real estate professionals as they reflect local economic health and potential future tax liabilities.
Percentage of Farm Returns in Lee County, MS Over the Last 10 Years
Lee County, Mississippi has seen a slight fluctuation in the percentage of farm tax returns over the past decade, stabilizing around the 1.8% to 2.0% range. The values experienced minor peaks, such as in 2014 with 2.05%, but have generally hovered closer to 1.7% in more recent years. These farm tax returns indicate the proportion of residents engaged in agricultural activities substantial enough to file taxes, reflecting the persistent but small-scale agricultural presence in the county. This trend might suggest to potential investors or property developers that while agriculture remains a stable part of the local economy, its role is relatively modest, possibly hinting at opportunities in diversification or value addition.
Number of Mortgages by Occupancy Type in Lee County, MS Over the Last 5 Years in Lee County
Over the past five years, Lee County, Mississippi has seen notable fluctuations in mortgage counts based on occupancy type. Principal residences consistently dominate, with a peak in 2021 and a significant surge in 2020. Meanwhile, investment properties and second residences have shown relatively stable yet much lower figures. This trend could indicate a strong preference for owner-occupied homes in the area, suggesting it might be more attractive for families and long-term residents compared to investors or those seeking vacation homes. For real estate agents, appraisers, and insurers, understanding these dynamics may help tailor their services and predictions more accurately. Those planning to invest or relocate can gauge market stability and demand patterns, making more informed decisions.
Economic Outlook
Lee County, Mississippi has seen a steady rise in average taxable income per tax return, with notable peaks in 2017 and 2021 at $61,516.37 and $68,223.38, respectively. Accompanying this income growth, state and local income taxes per tax return have surged from about $5,483.23 in 2012 to approximately $13,118.65 by 2021, with a significant increase between 2017 and 2018. Additionally, the average total tax liability per tax return has increased over the past decade, hitting $11,724.17 in 2021.... Read more
Average Taxable Income per Tax Return in Lee County, MS over the last 9 years
Lee County, Mississippi has seen a general upward trend in average taxable income per tax return over the last nine years. Notable jumps occurred in 2017 and 2021, with average incomes reaching $61,516.37 and $68,223.38, respectively. While 2018 showed a slight decrease, the overall growth signals potential economic improvement. This gradual increase may attract investors and real estate agents, as higher taxable incomes often correlate with increased purchasing power and property values.
Average State and Local Income Taxes Per Tax Return in Lee County, MS Over the Last 10 Years
Lee County, Mississippi has experienced a steady upward trend in state and local income taxes per tax return over the last decade. Beginning at approximately $5,483.23 in 2012, the average increased significantly over the years, reaching around $13,118.65 by 2021. Notably, there was a marked jump between 2017 and 2018, from $6,882.50 to $10,673.54. This trajectory could be indicative of rising incomes or possibly increasing tax rates, making it an important consideration for potential investors and residents who are weighing the financial aspects of the locality.
Average Total Tax Liability Per Tax Return in Lee County, MS Over the Last 10 Years
Over the past decade, Lee County, Mississippi has seen a general upward trend in average total tax liability per tax return, rising from approximately $8,809.52 in 2012 to about $11,724.17 in 2021. Notably, there was a significant spike in 2017 at $11,898.52, which could merit further investigation for potential changes in local tax regulations or economic conditions. This trend is crucial for potential investors and property developers, as it might reflect an increasing tax burden that could impact financial planning and cost estimations. Real estate agents and insurance agents need to be particularly aware of such fluctuations to better advise their clients on long-term commitments in the area.
Cost of Living in Lee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,134 | $1,408 | $1,934 | $618 | $955 |
| 1 adult 4 children | $1,134 | $1,149 | $1,443 | $618 | $1,007 |
| 2 adults 3 children | $1,134 | $1,150 | $1,697 | $618 | $775 |
| 1 adult 3 children | $1,134 | $939 | $1,205 | $618 | $778 |
| 2 adults 2 children | $891 | $941 | $1,459 | $544 | $692 |
| 2 adults 1 child | $891 | $744 | $1,221 | $306 | $685 |
| 1 adult 2 children | $891 | $703 | $967 | $544 | $583 |
| 1 adult 1 child | $891 | $481 | $729 | $306 | $573 |
| 2 adults | $727 | $598 | $984 | $0 | $624 |
| 1 adult | $722 | $326 | $492 | $0 | $564 |
Safety trends & Data
In Lee County, Mississippi, property crime trends over the past three years show a mixed picture for real estate stakeholders. While larceny-theft surged from 273 in 2020 to 479 in 2022, burglary incidents plummeted from 61 to 24 in the same period. Motor vehicle thefts saw some fluctuation with a peak at 30 in 2021, later falling to 15 in 2022. Less frequent crimes like arson, embezzlement, and fraud remain relatively stable. This dynamic crime landscape offers both challenges and... Read more
Property Crime Trends in Lee County, MS Over the Last 3 Years
Over the past three years in Lee County, Mississippi, property crime trends have shifted notably. Larceny-theft consistently tops the list with numbers rising from 273 in 2020 to 479 in 2022. Burglary incidents, however, show a downward trend, dropping from 61 in 2020 to just 24 in 2022. Motor vehicle thefts have fluctuated, peaking at 30 in 2021 then decreasing to 15 in 2022. Vandalism remains relatively low and stable, while less frequent crimes like arson, embezzlement, and fraud exhibit minimal changes, indicating focused areas for potential improvement or concern. For those connected to the real estate market or related fields, these statistics might imply a mixed yet manageable crime landscape.
Demographics
Lee County, Mississippi, shows a relatively balanced population by gender with females slightly outnumbering males. In terms of education, a significant portion of the adult population either finished high school or attained some college education without a degree. The data suggests an older age distribution, where residents aged 25 to 64 years make up a large segment. Racially, the majority of the population identifies as White, followed by a substantial Black or African American community.... Read more
Race Distribution in Lee County, Mississippi (2022)
Educational Attainment in Lee County, Mississippi (2022)
Age Distribution in Lee County, Mississippi
Citizen Population in Lee County, Mississippi (2022)
Political Trends & Data
Lee County, Mississippi leans strongly Republican, with about 65.5% of votes favoring the GOP in the 2020 Presidential Election. Democrats received approximately 32.9%, and other parties collectively pulled in just over 1.5%. This inclination may shape local policies and affect future elections, reflecting a significant Republican influence in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lee County in Mississippi appears to lean heavily Republican with approximately 65.5% of the vote in the 2020 Presidential Election. Democrats garnered around 32.9%, while Libertarians, Greens, and other parties combined make up just over 1.5%. This voting pattern could suggest a strong Republican presence in the area, potentially influencing local policies and elections.
65.51% of voters voted for the Republican party in the 2020 Presidential Election
32.98% of voters voted for the Democrat party in the 2020 Presidential Election
0.79% 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
0.60% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lee County, Mississippi, has seen its student-to-teacher ratio drop from 15 students per teacher in 2016 to just under 11 in 2023, well below the national average of 14. This could suggest a growing emphasis on quality education, potentially making the area more appealing to families. Real estate agents might highlight this trend to show the county's commitment to smaller class sizes, which could be a selling point. Appraisers and insurance agents might also find this data relevant, as... Read more
Student-to-teacher ratio in Lee County, Mississippi over the last 10 years
Lee County, Mississippi, has seen a notable shift in its student-to-teacher ratio over the past decade, consistently trending downward from a peak of 15 students per teacher in 2016 to just under 11 in 2023. This is significantly lower than the current national average of 14 students per teacher. For potential investors, these trends may signal a growing emphasis on education quality, possibly making the area more attractive for families. Real estate agents might leverage this data to highlight the county's commitment to small class sizes. Additionally, appraisers and insurance agents should take note, as this educational focus may influence property values and risk assessments. For current residents, the decreasing ratio could reflect positively on local school performance.
