Leflore County Real Estate and Livability Trends
Leflore County, Mississippi has seen median home values steadily increase from $70,000 in 2015 to $95,100 in 2022, although still trailing behind state and national averages. There's been a notable rise in residential energy tax credits, peaking at $1,750.00 in 2018, hinting at substantial energy efficiency investments. Average real estate taxes per tax return nearly doubled over the past decade,... Read more
Leflore County Market Trends
Leflore County, Mississippi has experienced a steady increase in median home values, rising from $70,000 in 2015 to $95,100 in 2022, though still behind both state and national averages. There’s been a notable spike in residential energy tax credits, particularly reaching $1,750.00 in 2018, hinting at substantial investments in energy efficiency. Average real estate taxes per tax return have... Read more
Median Value of Occupied Housing Units in Leflore County, Mississippi Over the Last 8 Years
Over the last 8 years, median home values in Leflore County, Mississippi have seen a steady rise from $70,000 in 2015 to $95,100 in 2022. While this growth trend is positive, Leflore County still lags behind the state average, which increased from $103,100 to $151,000 in the same period. Nationally, home values have surged from $125,500 to $179,400, signaling even more significant growth. This information could be particularly useful for potential investors or homebuyers looking at affordability and growth potential in Leflore County compared to broader market trends.
Residential Energy Tax Credit Per Tax Return in Leflore County, MS Over the Last 9 Years
Leflore County, Mississippi has seen some interesting fluctuations in average residential energy tax credits over the past nine years. Starting at about $427.78 in 2013, these credits saw a jump to around $641.18 in 2014 and $700.00 in 2015. A notable spike occurred in 2018, reaching $1750.00, suggesting substantial investments in energy-efficient home improvements. This higher rate fluctuated in the following years but remained elevated compared to earlier years. For those interested in the local housing market, this trend hints at a growing emphasis on energy efficiency, potentially translating to long-term savings and sustainability for homeowners.
Average Real Estate Taxes Per Tax Return in Leflore County, MS Over the Last 10 Years
Leflore County, Mississippi has seen a notable increase in average real estate taxes per tax return over the last decade. Starting at approximately $1,936.25 in 2012, there has been a steady uptick, peaking at around $3,273.58 in 2021. This trend of increasing property taxes could indicate a rising property valuation or changes in tax rates, which prospective investors and real estate agents might find particularly relevant. For those in insurance and property development, these figures may suggest a changing financial landscape that affects homeownership affordability and potential return on investments.
Percentage of Farm Returns in Leflore County, MS Over the Last 10 Years
Farm tax returns in Leflore County, Mississippi show a generally stable but slightly declining trend over the past decade, starting from 2.33% in 2012 and dipping to about 1.96% in 2021. These figures likely reflect broader economic conditions impacting agricultural profitability and might be a sign of shifting agricultural practices or economic pressures. This trend matters for potential investors or residents who are considering the agricultural viability and economic health of the region, offering some insight into the financial sustainability of farming in Leflore County.
Number of Mortgages by Occupancy Type in Leflore County, MS Over the Last 5 Years in Leflore County
In Leflore County, Mississippi, the number of mortgages for principal residences has consistently dominated the market, peaking in 2021 with 556 transactions. The steady interest in principal residences suggests robust demand, likely fueling local real estate activity. Conversely, investment property mortgages have seen a decline, from 74 in 2019 to just 45 in 2022, which might indicate a shift in investor confidence or market strategy. Second residences remain a minor segment, fluctuating slightly but staying below 11 mortgages per year. Understanding these shifts can be crucial for investors, insurers, and real estate agents, as they provide insights into market dynamics and potential growth areas.
Economic Outlook
Leflore County, Mississippi has seen a steady increase in average taxable income per tax return over the past nine years from $38,742.26 in 2013 to a peak of $50,013.68 in 2020, hinting at a gradual economic improvement. However, the dip to $49,374.87 in 2021 suggests cautious optimism is needed. State and local income taxes have also risen sharply, from $6,398.36 in 2018 to $11,474.24 in 2021, reflecting possible shifts in local economic policies. The total tax liability per tax return in the... Read more
Average Taxable Income per Tax Return in Leflore County, MS over the last 9 years
Over the past nine years, Leflore County, Mississippi has witnessed a modest yet notable increase in average taxable income per tax return. Starting from $38,742.26 in 2013, there has generally been an upward trend, peaking at about $50,013.68 in 2020. This growth could be appealing to potential investors and real estate agents, signifying gradual economic improvement. However, the slight dip to $49,374.87 in 2021 suggests the need for cautious optimism. For those in property appraisal or insurance sectors, these figures may imply a cautiously improving market landscape.
Average State and Local Income Taxes Per Tax Return in Leflore County, MS Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Leflore County, Mississippi have seen a significant upward trend, peaking at $11,474.24 in 2021. This notable increase, especially between 2018 and 2021, indicates a rising tax burden that could impact both current residents and potential investors. The sharp rise from $6,398.36 in 2018 to over $11,000 by 2021 may reflect shifts in local economic policies or changes in the county's financial landscape. Understanding these trends is crucial for those planning to invest in or move to the area, as they highlight an evolving economic environment that could influence long-term financial decisions.
Average Total Tax Liability Per Tax Return in Leflore County, MS Over the Last 10 Years
In Leflore County, Mississippi, the average total tax liability per tax return has fluctuated over the past decade, ranging from a low of approximately $8,953.48 in 2014 to a peak of around $11,635.10 in 2020. While 2018 also showed a notable increase, reaching an average of $10,207.46, other years have hovered closer to the $9,000 to $9,700 mark. Investors, appraisers, and real estate agents should consider these trends as they may reflect economic shifts and changing tax policies impacting the region's fiscal environment.
Cost of Living in Leflore County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $963 | $1,432 | $1,877 | $551 | $787 |
| 2 adults 3 children | $963 | $1,170 | $1,646 | $551 | $621 |
| 1 adult 4 children | $963 | $1,169 | $1,400 | $551 | $779 |
| 1 adult 3 children | $963 | $955 | $1,169 | $551 | $579 |
| 2 adults 2 children | $766 | $957 | $1,416 | $478 | $562 |
| 2 adults 1 child | $766 | $757 | $1,185 | $243 | $574 |
| 1 adult 2 children | $766 | $715 | $938 | $478 | $471 |
| 1 adult 1 child | $766 | $489 | $708 | $243 | $458 |
| 2 adults | $582 | $608 | $955 | $0 | $529 |
| 1 adult | $578 | $332 | $477 | $0 | $477 |
Safety trends & Data
Property crime rates in Leflore County, Mississippi, have seen notable fluctuations that might impact the real estate market. Burglary incidents tripled from 11 to 34 cases between 2018 and 2019 but then dropped to 21 in 2020. Vandalism spiked to 28 incidents in 2020, while embezzlement and larceny-theft showed moderate increases. Motor vehicle theft was unpredictable, with 2019 recording just one incident. These trends could potentially influence property values, insurance premiums, and the... Read more
Property Crime Trends in Leflore County, MS Over the Last 3 Years
Investors and homebuyers in Leflore County, Mississippi, should pay attention to the fluctuating property crime rates over the last three years. From 2018 to 2019, burglary incidents tripled from 11 to 34 reported cases, while incidents of embezzlement and vandalism also saw noticeable increases. However, 2020 saw a reduction in burglary cases to 21 and a spike in vandalism incidents to 28. While larceny-theft incidents remained fairly stable, motor vehicle theft numbers were erratic, with 2019 showing the least activity at just one reported incident. These trends might influence property values, insurance premiums, and the general desirability of the area.
Demographics
In Leflore County, Mississippi, the adult population skews more female with about 11,024 women compared to 9,008 men. Education-wise, a significant portion of adults have a high school degree or some college experience, yet a smaller segment holds advanced degrees. Age distribution indicates a fairly young population with a noticeable dip in the 10-19 age range. Racial composition shows a predominantly Black or African American community, accounting for roughly three times the White population.... Read more
Race Distribution in Leflore County, Mississippi (2022)
Educational Attainment in Leflore County, Mississippi (2022)
Age Distribution in Leflore County, Mississippi
Citizen Population in Leflore County, Mississippi (2022)
Political Trends & Data
Leflore County in Mississippi demonstrated a strong Democratic leaning in the 2020 Presidential Election, with an estimated 70.2% of votes supporting the Democratic candidate. Republican votes followed at around 28.7%, showing a smaller but notable conservative base. Third-party votes were minimal, reflecting limited influence of non-major parties in the area. This voting pattern could offer insights into broader regional political dynamics and underlying demographic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Leflore County in Mississippi leaned strongly Democratic in the 2020 U.S. Presidential Election, with Democratic votes comprising a significant majority at approximately 70.2%. Republican votes accounted for about 28.7%, indicating a smaller, yet notable, conservative presence. Third-party and other affiliations made up a minimal portion of the electorate, suggesting limited traction for non-major parties in this region. This distribution might reflect broader regional political dynamics and could hint at localized issues or demographic factors.
28.72% of voters voted for the Republican party in the 2020 Presidential Election
70.21% of voters voted for the Democrat party in the 2020 Presidential Election
0.28% 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
0.70% of voters voted for the Other party in the 2020 Presidential Election
School Data
Leflore County, Mississippi has seen its student-to-teacher ratios fluctuate significantly over the past decade, peaking at nearly sixteen students per teacher in 2018 before dropping to just over ten in 2023. Given the national average of around fourteen, this shift could suggest more personalized attention and potentially better educational outcomes. This might be relevant for real estate investors, appraisers, and agents, as improved educational environments often affect property values and... Read more
Student-to-teacher ratio in Leflore County, Mississippi over the last 10 years
Over the past decade, Leflore County, Mississippi has seen fluctuations in its student-to-teacher ratios, peaking at nearly sixteen students per teacher in 2018 before dropping to just over ten in 2023. This is intriguing given that the national average hovers around fourteen students per teacher. Investors, appraisers, and real estate agents might find these shifts relevant, especially since lower student-to-teacher ratios could imply more personalized attention from teachers and potentially better educational outcomes. For those considering moving to or doing business in Leflore County, these trends might indicate a more attentive educational environment, possibly affecting property values and community appeal.
