Lincoln County Real Estate and Livability Trends
Lincoln County, Mississippi's rise in average taxable income suggests a stronger local economy, with an increase from $48,295.48 in 2013 to $58,954.66 in 2021. Median home values climbing from $85,300 in 2015 to $128,100 in 2022 indicate a potentially undervalued market ready for investment. Notable spikes in residential energy tax credits and property crime fluctuations, such as an 86-incident... Read more
Lincoln County Market Trends
Lincoln County, Mississippi's median home values have seen a notable climb from $85,300 in 2015 to $128,100 in 2022, still below both the state and national averages. This might suggest an undervalued market ripe for investment with potential for continued appreciation. Residential energy tax credits saw significant fluctuations, peaking at $1,183.33 in 2018, hinting at heightened homeowner... Read more
Median Value of Occupied Housing Units in Lincoln County, Mississippi Over the Last 8 Years
Lincoln County, Mississippi has experienced a noticeable upward trend in median home values over the past eight years, jumping from $85,300 in 2015 to $128,100 in 2022. While this growth is impressive, the median value remains below the state average of $151,000 and the national average of $179,400 for the same year. This could present a potentially undervalued investment opportunity in comparison to the broader market trends. Buyers might find more affordability here while still capitalizing on rising property values.
Residential Energy Tax Credit Per Tax Return in Lincoln County, MS Over the Last 9 Years
Lincoln County, Mississippi, has seen a fluctuating trend in residential energy tax credits per tax return over the past nine years. The credit amount surged notably in 2018, reaching an average of $1,183.33, after which it slightly decreased but remained relatively high compared to earlier years. These variations could suggest increasing investments in energy-efficient upgrades by homeowners, presenting potential opportunities for real estate agents, property developers, and insurance agents. For those considering moving to or investing in Lincoln County, these trends might indicate a growing emphasis on sustainable living, which could impact property values and appeal to eco-conscious buyers.
Average Real Estate Taxes Per Tax Return in Lincoln County, MS Over the Last 10 Years
Over the last decade, Lincoln County, Mississippi has seen a steady rise in average real estate taxes per tax return, with a particularly notable jump between 2017 and 2018. Starting at $1,450.36 in 2012, the amount increased gradually to $1,791.51 in 2017, but then surged to $2,542.86 in 2018, continuing upward to $2,913.79 in 2021. This trend might suggest a combination of rising property values and/or potential re-assessments impacting homeowners. For investors and real estate agents, this could mean there are forces at play driving the desirability and valuation of properties in the area. For current residents and potential movers, it's important to consider how these tax increases could affect overall living expenses.
Percentage of Farm Returns in Lincoln County, MS Over the Last 10 Years
Farm tax returns in Lincoln County, Mississippi, have gradually increased over the past decade, with numbers rising from approximately 7.68% in 2012 to roughly 9.43% in 2021. This suggests a consistent, albeit slow, growth in agricultural activity within the county. Those considering investment or property development in the region might find this trend encouraging, as it may indicate a stable or potentially expanding agricultural sector. For individuals interested in rural lifestyles or agribusiness, Lincoln County could present promising opportunities.
Number of Mortgages by Occupancy Type in Lincoln County, MS Over the Last 5 Years in Lincoln County
In Lincoln County, Mississippi, the number of mortgages for principal residences saw notable fluctuations over the past five years, peaking at 1,397 in 2021. Investment property mortgages remained relatively stable, hovering around the mid-fifties, while second residence mortgages were consistently low, never exceeding 22. Changing occupancy types indicate shifting priorities in property use, influencing investment appeal and market stability. Understanding these trends is crucial for investors, as principal residence mortgages tend to reflect local economic health and community stability, while investment and second residences could signal potential for rental markets and vacation property development. This also aids appraisers and insurance agents in assessing property values and risks specific to the intended use.
Economic Outlook
Lincoln County, Mississippi has seen a rise in average taxable income per tax return to around $58,954.66 in 2021 from $48,295.48 in 2013, potentially indicating a stronger local economy. State and local income taxes have also increased, peaking at $8,844.83 in 2021, hinting at changes in economic activities or tax policies. Additionally, the total tax liability has fluctuated, with a notable rise and fall in recent years, peaking at $8,691.52 in 2021. These trends could influence the area's... Read more
Average Taxable Income per Tax Return in Lincoln County, MS over the last 9 years
Lincoln County, Mississippi has showcased a general increase in average taxable income per tax return over the past nine years. Notably, 2021 saw a rise to approximately $58,954.66 from around $48,295.48 in 2013. This upward trend, with occasional minor dips, could suggest a strengthening local economy. This information might be valuable for potential investors, real estate agents, and appraisers as it hints at increased purchasing power and investment potential in the area.
Average State and Local Income Taxes Per Tax Return in Lincoln County, MS Over the Last 10 Years
Over the past decade, Lincoln County, Mississippi has experienced notable fluctuations in state and local income taxes per tax return. Starting at $4,506.30 in 2012, there’s been a significant rise, peaking at $8,844.83 in 2021. This upward trajectory, especially the sharp increases from 2018 onwards, might suggest economic activities or tax policy changes impacting residents' tax burdens. For potential investors and residents, this trend could signal shifting fiscal conditions and possibly indicate changing economic dynamics or growing public expenditures in the county.
Average Total Tax Liability Per Tax Return in Lincoln County, MS Over the Last 10 Years
Lincoln County, Mississippi has seen significant fluctuations in average total tax liability per tax return over the past decade. Despite general stability from 2012 to 2018 with liabilities hovering between $6,974.71 and $7,684.22, there was a notable dip in 2019 to $6,963.22. However, this was followed by a sharp increase in 2021, culminating at $8,691.52. This variability could signal changing economic conditions, local policy shifts, or demographic changes that might affect your financial outlook, whether you're investing, buying property, or simply living in Lincoln County.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,019 | $1,343 | $1,877 | $541 | $836 |
| 1 adult 4 children | $1,019 | $1,097 | $1,400 | $541 | $862 |
| 2 adults 3 children | $1,019 | $1,097 | $1,646 | $541 | $676 |
| 1 adult 3 children | $1,019 | $896 | $1,169 | $541 | $658 |
| 2 adults 2 children | $818 | $898 | $1,416 | $477 | $621 |
| 2 adults 1 child | $818 | $710 | $1,185 | $269 | $640 |
| 1 adult 2 children | $818 | $671 | $938 | $477 | $537 |
| 1 adult 1 child | $818 | $459 | $708 | $269 | $537 |
| 2 adults | $621 | $570 | $955 | $0 | $582 |
| 1 adult | $617 | $311 | $477 | $0 | $534 |
Safety trends & Data
Lincoln County, Mississippi has seen property crime fluctuations over the past five years, highlighted by a spike in vandalism cases in 2021 with 86 incidents. Burglary peaked at 32 cases in 2020 but has since fallen, while larceny-theft incidents saw a high of 84 in 2019 before gradually declining. Motor vehicle theft notably increased to 15 cases in 2020. These diverse trends might point to varying economic or social factors that potential investors, real estate agents, and insurance... Read more
Property Crime Trends in Lincoln County, MS Over the Last 5 Years
Lincoln County, Mississippi has shown fluctuations in property crime over the past five years, with a notable spike in vandalism cases in 2021 reaching 86 incidents, a significant jump from previous years. Burglary cases peaked in 2020 at 32 but have since decreased. Larceny-theft incidents surged to 84 in 2019 but gradually declined. Meanwhile, motor vehicle theft saw a remarkable increase in 2020 with 15 cases compared to earlier years. This diverse trend in property crimes might suggest varying economic or social factors at play, which could be crucial for potential investors, real estate agents, and insurance professionals to consider.
Demographics
Lincoln County, Mississippi shows a modestly larger female population compared to males. Educational attainment reveals a significant portion of residents, around 9,076, have completed high school, but higher education levels like Bachelor's and Graduate degrees are less common. Age distribution is relatively balanced across various age groups, though there is a slight increase in population among those aged 55 to 64 years. Racial composition is predominantly White, with a notable African... Read more
Race Distribution in Lincoln County, Mississippi (2022)
Educational Attainment in Lincoln County, Mississippi (2022)
Age Distribution in Lincoln County, Mississippi
Citizen Population in Lincoln County, Mississippi (2022)
Political Trends & Data
Lincoln County, Mississippi, saw a dominant Republican preference in the 2020 U.S. Presidential Election, capturing nearly 70% of the votes. Democrats secured about 30%, and third-party candidates barely made a dent, collectively getting under 1%. This political landscape suggests a strong conservative influence, possibly reflecting in community preferences and local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lincoln County, Mississippi, leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 70% of the vote. Democrats garnered roughly 30%, while third-party candidates, including the Libertarian and Green parties, collectively captured less than 1% of the total votes. This indicates a significant political inclination towards the Republican party, with minimal support for alternative parties.
69.02% of voters voted for the Republican party in the 2020 Presidential Election
30.00% of voters voted for the Democrat party in the 2020 Presidential Election
0.38% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
0.49% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lincoln County, Mississippi's student-to-teacher ratio peaked at seventeen in 2016 but has since declined to around eleven by 2022 and 2023, compared to the national average of fourteen students per teacher. This suggests a more favorable classroom size for individualized attention and might appeal to families prioritizing education. For real estate agents and investors, smaller class sizes could serve as a strong selling point, while appraisers and insurance agents might see this as indicative... Read more
Student-to-teacher ratio in Lincoln County, Mississippi over the last 10 years
Lincoln County, Mississippi has seen fluctuations in its student-to-teacher ratio over the past ten years, peaking at seventeen in 2016, before gradually declining to around eleven by 2022 and 2023. Compared to the national average of fourteen students per teacher, recent years suggest Lincoln County offers a more favorable classroom size for individualized attention, which might appeal to families prioritizing education. For real estate agents and investors, smaller class sizes could indicate a strong selling point, while appraisers and insurance agents might recognize this as an indicator of community investment in educational resources. Those building or moving into the area could see this trend as reflective of a stable or improving educational environment.
