Lowndes County Real Estate and Livability Trends
Lowndes County, Mississippi, showcases a dynamic real estate market with median home values jumping from $115,700 in 2015 to $155,300 in 2022, nearly aligning with national trends. Rising real estate taxes to over $2,400 since 2018 may reflect escalating property values or increased tax rates. The average taxable income has steadily climbed, hitting $57,153.25 by 2021, suggesting a favorable... Read more
Lowndes County Market Trends
In Lowndes County, Mississippi, median home values have climbed from $115,700 in 2015 to $155,300 in 2022, outpacing state and nearly matching national trends. Residential energy tax credits have shown fluctuating but generally upward movement, peaking at $1,230.00 in 2018, indicating a rising interest in energy-efficient home improvements. Average real estate taxes have risen from approximately... Read more
Median Value of Occupied Housing Units in Lowndes County, Mississippi Over the Last 8 Years
In Lowndes County, Mississippi, median home values have experienced a steady climb over the past eight years, starting at $115,700 in 2015 and reaching $155,300 by 2022. This county's growth rate not only surpasses the state's figures, which rose from $103,100 to $151,000 over the same period, but also contends closely with national trends where values increased from $125,500 to $179,400. These consistent gains make Lowndes County an attractive consideration for investors and new homeowners seeking promising appreciation potential in their property values.
Residential Energy Tax Credit Per Tax Return in Lowndes County, MS Over the Last 9 Years
Over the past nine years, Lowndes County, Mississippi has seen notable fluctuations in the average residential energy tax credit per tax return. Starting at $383.33 in 2013, the value saw a general upward trend with a peak at $1,230.00 in 2018, indicating possible increases in energy-efficient home improvements or related incentives. Even though there was some variability, particularly with a significant jump in 2017 and another high point in 2021 at $1,015.22, these increases could signal a growing emphasis on energy efficiency among homeowners. This can be informative for investors, real estate agents, and insurance professionals looking into the area, offering insights into the potential for energy-related home upgrades and the burgeoning interest in sustainable living practices.
Average Real Estate Taxes Per Tax Return in Lowndes County, MS Over the Last 10 Years
In Lowndes County, Mississippi, average real estate taxes per tax return have seen a notable rise over the past decade. From a relatively steady range around $1,700 to $1,800 between 2012 and 2017, taxes jumped significantly to over $2,400 in 2018 and have hovered around the $2,500 mark since 2019. This increase might suggest higher property valuations or increased tax rates, making it an important consideration for potential homebuyers, real estate investors, and financial planners. Those looking to appraise or insure property in the area would benefit from factoring in this growing expense.
Percentage of Farm Returns in Lowndes County, MS Over the Last 10 Years
Over the past ten years in Lowndes County, Mississippi, the percentage of farm returns has shown some fluctuation, peaking at 2.62% in 2014 and dropping to a low of approximately 1.98% in 2020. Farm tax returns, which represent filings from businesses or individuals engaged in farming, serve as an important economic indicator for the vitality of the agricultural sector in the region. This trend may hold significance for those considering investment opportunities, development projects, or relocation to the county, as the agricultural landscape can influence local economic conditions and property values.
Number of Mortgages by Occupancy Type in Lowndes County, MS Over the Last 5 Years in Lowndes County
The data from Lowndes County, Mississippi over the last five years indicates a steady preference for principal residences, with mortgage counts increasing from 1747 in 2018 to a peak of 2652 in 2021 before a slight decline in 2022. Investment properties and second residences have seen relatively minor fluctuations, consistently under 210 and 26 mortgages per year respectively. These trends might suggest a stable and perhaps growing inclination towards homeownership in the area. Changes in occupancy types are crucial for investors, developers, and real estate agents as they inform the potential return on investment and demand for different property types. Appraisers and insurance agents need to understand these shifts for accurate valuation and risk assessment, which could influence premiums and coverage options.
Economic Outlook
Average taxable income in Lowndes County, Mississippi rose from $45,615.20 in 2013 to $57,153.25 by 2021, hinting at a trend of economic growth. Over the decade, average state and local income taxes per tax return saw significant variations, peaking at $7,945.30 in 2021. Similarly, fluctuations in total tax liability were observed, with a peak at $8,597.33 in 2019. These trends could reflect economic shifts and provide valuable insights for real estate investors, residents, and professionals... Read more
Average Taxable Income per Tax Return in Lowndes County, MS over the last 9 years
Average taxable income per tax return in Lowndes County, Mississippi has generally shown an upward trend over the last nine years, starting at $45,615.20 in 2013 and rising to $57,153.25 by 2021. Notable increases can be seen between 2013-2014 and 2020-2021. This gradual increase suggests potential economic growth which might be appealing for real estate investors, residents considering property value appreciation, and professionals evaluating the economic health and living standards of the area.
Average State and Local Income Taxes Per Tax Return in Lowndes County, MS Over the Last 10 Years
Over the past decade, Lowndes County, Mississippi, has witnessed notable fluctuations in average state and local income taxes per tax return. There was a gradual increase from $4,830.86 in 2012 to $5,177.32 in 2014, followed by a slight dip to $4,937.85 in 2016. However, a steep rise is apparent starting in 2018, peaking at $7,945.30 in 2021. This trend could be indicative of economic changes or policy shifts impacting taxpayers. For potential investors or those considering relocating, understanding these variations provides insight into the local economic climate and potential tax burdens.
Average Total Tax Liability Per Tax Return in Lowndes County, MS Over the Last 10 Years
Lowndes County, Mississippi has seen fluctuations in the average total tax liability per tax return over the past decade. In 2012, the average tax liability was around $7,533.15 and surged to approximately $8,469.88 by 2014. Despite some drop-offs, like in 2018 where it dipped to about $7,683.48, 2019 marked a peak at $8,597.33 before leveling out again in subsequent years. This pattern might indicate a broadly stable yet slightly volatile economic environment, potentially of interest to investors, real estate agents, and others involved in property valuation and fiscal planning for the region.
Cost of Living in Lowndes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,070 | $1,448 | $1,877 | $664 | $928 |
| 1 adult 4 children | $1,070 | $1,182 | $1,400 | $664 | $976 |
| 2 adults 3 children | $1,070 | $1,183 | $1,646 | $664 | $753 |
| 1 adult 3 children | $1,070 | $966 | $1,169 | $664 | $726 |
| 2 adults 2 children | $791 | $968 | $1,416 | $585 | $637 |
| 2 adults 1 child | $791 | $765 | $1,185 | $329 | $644 |
| 1 adult 2 children | $791 | $723 | $938 | $585 | $547 |
| 1 adult 1 child | $791 | $494 | $708 | $329 | $533 |
| 2 adults | $648 | $615 | $955 | $0 | $587 |
| 1 adult | $644 | $335 | $477 | $0 | $530 |
Safety trends & Data
Property crime in Lowndes County, Mississippi experienced a noticeable uptick between 2021 and 2022, with burglaries increasing from 13 to 20 incidents and larceny-theft jumping from 4 to 19. There was also a rise in vandalism cases, from 1 to 7, and stolen property incidents associated with buying, receiving, or possessing saw the same increase. This trend could potentially affect property values and insurance premiums, emphasizing the need for heightened security measures and community... Read more
Property Crime Trends in Lowndes County, MS Over the Last 2 Years
Property crime in Lowndes County, Mississippi saw a noticeable uptick between 2021 and 2022. Notably, burglaries jumped from 13 to 20 incidents, while larceny-theft rose sharply from 4 to 19. Instances of vandalism also increased from 1 to 7, and there were more cases of stolen property being associated with buying, receiving, or possessing—rising from 1 to 7. This uptick in property crime may be of particular concern to prospective investors, developers, insurance agents, and real estate professionals as it could impact property values and insurance premiums. These trends underscore the need for enhanced security measures and community vigilance.
Demographics
Lowndes County, Mississippi, displays a slight female majority with a balance in the gender demographic, potentially impacting community initiatives or services tailored towards women. The county's educational attainment reflects a concentration of high school graduates and individuals with some college experience, suggesting opportunities for local colleges to increase degree completion programs. The age distribution reveals a relatively even spread across age groups, with notable populations... Read more
Race Distribution in Lowndes County, Mississippi (2022)
Educational Attainment in Lowndes County, Mississippi (2022)
Age Distribution in Lowndes County, Mississippi
Citizen Population in Lowndes County, Mississippi (2022)
Political Trends & Data
In Lowndes County, Mississippi, the 2020 U.S. Presidential Election results showed a tight race with Republicans leading at roughly 51% and Democrats close behind at around 48%. Third-party candidates combined made up just over 1%, hinting at potentially changing political dynamics or new voter engagement... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lowndes County, Mississippi, the 2020 U.S. Presidential Election revealed a subtle yet notable trend. Republicans slightly led with roughly 51 percent of the vote, while Democrats closely followed, capturing around 48 percent. Third-party candidates, including Libertarians and the Green Party, appeared to play a minimal yet potentially influential role with their combined share barely surpassing 1 percent. This narrow margin between the major parties could suggest shifting political dynamics or emerging voter engagement strategies.
50.66% of voters voted for the Republican party in the 2020 Presidential Election
48.04% of voters voted for the Democrat party in the 2020 Presidential Election
0.67% 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
0.51% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lowndes County, Mississippi, has experienced notable fluctuations in its student-to-teacher ratio over the last decade, peaking at 15:1 in 2018 and now sitting at an impressive 10:1 in 2023. This lower ratio, well below the national average of 14:1, is likely to attract families looking for more personalized education for their children, educators seeking better teaching conditions, and investors eyeing strengthened educational infrastructure. For real estate professionals, these trends may... Read more
Student-to-teacher ratio in Lowndes County, Mississippi over the last 10 years
Over the last decade, the student-to-teacher ratio in Lowndes County, Mississippi has varied significantly. It peaked at 15 students per teacher in 2018 and has since fluctuated, reaching a low of 10 students per teacher in 2023. This trend matters for stakeholders as lower ratios might indicate more personalized attention in classrooms, potentially enhancing the educational outcomes. Interestingly, the county's current ratio of 10 students per teacher is well below the national average of 14, suggesting that this could be a compelling factor for families considering relocation, educators looking for optimal teaching environments, and investors seeking to capitalize on the strengthening educational infrastructure. For real estate agents and appraisers, these shifts could signal changing demand dynamics in local housing markets.
