Marion County Real Estate and Livability Trends
Marion County, Mississippi's real estate market trends show a mixed but intriguing picture. Average taxable income spiked to $53,759.73 in 2021, reflecting possible economic growth. Median home values peaked at $104,100 in 2022, still below state and national levels, appealing to budget-conscious buyers. A noteworthy rise in residential energy tax credits up to $1,500.00 in 2018 indicates growing... Read more
Marion County Market Trends
Marion County, Mississippi's median home values have seen a general upward trend, peaking at $104,100 in 2022, making it potentially appealing for cost-conscious buyers as it remains lower than the state and national averages. The rise in residential energy tax credits per tax return, especially peaking at $1,500.00 in 2018, suggests varying investment in energy-efficient improvements, hinting at... Read more
Median Value of Occupied Housing Units in Marion County, Mississippi Over the Last 8 Years
In Marion County, Mississippi, the median home values have shown a generally upward trend over the past eight years, peaking in 2022 at $104,100. This is comparatively lower than both state and national averages, with Mississippi reaching a median of $151,000 in 2022 and the national figure standing at $179,400. This disparity could indicate Marion County as a potentially attractive option for cost-conscious buyers or investors seeking more affordable real estate opportunities within the state.
Residential Energy Tax Credit Per Tax Return in Marion County, MS Over the Last 9 Years
Over the past nine years, Marion County, Mississippi, has seen a fluctuating yet generally rising trend in residential energy tax credits per tax return. From $300.00 in 2013 to a peak of $1,500.00 in 2018, followed by a decline to around $728.57 in 2021, these numbers point to varied investment in energy-efficient home improvements. This trend could indicate changing incentives or shifting priorities among homeowners regarding energy efficiency. Such data will likely be relevant for investors, real estate agents, and those planning property developments, as it reflects broader economic and environmental initiatives in the region.
Average Real Estate Taxes Per Tax Return in Marion County, MS Over the Last 10 Years
Real estate taxes per tax return in Marion County, Mississippi, have shown a noticeable upward trend over the last decade. Starting at $1,678.89 in 2012, there were fluctuations but a general increase peaked at $3,131.25 in 2020, before slightly decreasing to $2,975.76 in 2021. This rising trend could impact various stakeholders, suggesting a growing property tax burden that might influence investment decisions, property valuations, insurance costs, and the attractiveness of the area for potential residents and real estate professionals.
Percentage of Farm Returns in Marion County, MS Over the Last 10 Years
Marion County, Mississippi has shown fairly consistent farm tax return figures over the last decade, hovering around 6.37% to 7.29%. These percentages suggest a stable agricultural sector, which might be of interest to potential investors or those looking to build property with agricultural potential. Farm tax returns generally indicate the health and productivity of the farming community, offering a lens into local economic stability. Living in or moving to this area could be promising for those looking into agricultural ventures or investments.
Number of Mortgages by Occupancy Type in Marion County, MS Over the Last 5 Years in Marion County
Over the past five years, there has been variability in mortgage counts for investment properties, principal residences, and second residences in Marion County, Mississippi. Principal residence mortgages have consistently been the highest, peaking in 2021, which could indicate strong demand for permanent housing. Conversely, investment property mortgages have shown a slight downward trend, possibly suggesting a cooling interest in rental markets or shifts in investor strategy. Second residences have remained largely static, indicating limited market movement in that segment. These shifts can influence decisions for potential investors, relocators, property developers, and real estate professionals by highlighting changing demand and investment behavior in urban housing markets. A lower number of investment property mortgages might signal fewer rental opportunities or a saturated market, impacting rental yields and insurance evaluations.
Economic Outlook
Over the past decade, Marion County, Mississippi has seen intriguing fluctuations in economic indicators, such as average taxable income, income taxes, and total tax liability per tax return. Notably, the average taxable income spiked to $53,759.73 in 2021, potentially highlighting economic growth or improved employment conditions. This trend, coupled with rising state and local income taxes that peaked at $8702.63 in 2019, suggests a dynamic economic landscape that might draw interest from... Read more
Average Taxable Income per Tax Return in Marion County, MS over the last 9 years
Over the past nine years, the average taxable income per tax return in Marion County, Mississippi has experienced fluctuations, with values generally hovering between $44,816.28 and $47,718.62 before a notable rise to $53,759.73 in 2021. This increase might suggest economic growth or improvements in local employment conditions, making it potentially attractive for investors, real estate professionals, and those considering moving to the area. Additionally, it's a useful data point for appraisers and insurance agents who need to understand the economic trends impacting property values and risks.
Average State and Local Income Taxes Per Tax Return in Marion County, MS Over the Last 10 Years
Marion County, Mississippi has seen a notable increase in average state and local income taxes per tax return over the last decade. Starting at $4814.61 in 2012, there was a gradual uptick until 2015, followed by a slight dip in 2016 and 2017. However, from 2018 onwards, there was a sharp rise, peaking at $8702.63 in 2019 and maintaining high levels with $8454.84 in 2021. This upward trend suggests a growing economic activity and possibly higher incomes, making it worth considering for investors and those looking to move or build property in the area.
Average Total Tax Liability Per Tax Return in Marion County, MS Over the Last 10 Years
In Marion County, Mississippi, average total tax liability per tax return has fluctuated over the last decade. It peaked in 2015 at over $7048.80, then decreased significantly, falling to about $6199.35 in 2018. Interestingly, it saw a recent surge, reaching approximately $7379.92 in 2021. This volatility could impact investment decisions, property values, and insurance rates, providing a dynamic landscape for prospective buyers and real estate professionals.
Cost of Living in Marion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $951 | $1,367 | $1,877 | $530 | $824 |
| 1 adult 4 children | $951 | $1,117 | $1,400 | $530 | $840 |
| 2 adults 3 children | $951 | $1,117 | $1,646 | $530 | $660 |
| 1 adult 3 children | $951 | $912 | $1,169 | $530 | $636 |
| 2 adults 2 children | $781 | $914 | $1,416 | $467 | $617 |
| 2 adults 1 child | $781 | $723 | $1,185 | $263 | $631 |
| 1 adult 2 children | $781 | $683 | $938 | $467 | $530 |
| 1 adult 1 child | $781 | $467 | $708 | $263 | $524 |
| 2 adults | $649 | $581 | $955 | $0 | $595 |
| 1 adult | $645 | $317 | $477 | $0 | $541 |
Safety trends & Data
In Marion County, Mississippi, property crime trends over the past five years have been up and down. Burglary incidents peaked in 2021 with 10 cases, while larceny-theft and motor vehicle theft largely stayed low, aside from a notable rise in motor vehicle theft that same year. Minimal activity has been seen in fraud and forgery-related crimes. These patterns could influence potential investors, real estate agents, and residents, particularly regarding safety and insurance... Read more
Property Crime Trends in Marion County, MS Over the Last 5 Years
Marion County, Mississippi has seen fluctuating trends in property crimes over the last five years. Burglary numbers spiked in 2021 with 10 reported incidents. Larceny - Theft and Motor Vehicle Theft have generally remained low, except for a notable increase in motor vehicle theft in 2021. Fraud and forgery-related crimes show minimal activity. These trends might suggest a variable risk in property crime, relevant for potential investors, real estate agents, and residents considering safety and insurance factors.
Demographics
Marion County, Mississippi exhibits an interesting demographic composition, with a relatively balanced gender distribution, although there are slightly more females than males. The population is predominantly White, with a significant African American community making up the second-largest group. Analyzing educational attainment, the county seems to have a considerable portion of residents who have only completed high school or some college but haven't obtained a degree. Age-wise, the... Read more
Race Distribution in Marion County, Mississippi (2022)
Educational Attainment in Marion County, Mississippi (2022)
Age Distribution in Marion County, Mississippi
Citizen Population in Marion County, Mississippi (2022)
Political Trends & Data
In Marion County, Mississippi, the 2020 U.S. Presidential Election revealed a distinct Republican dominance, with approximately 68% of the votes likely going to Republican candidates. Democrats followed with around 31%, indicating a marked partisan split. Minor parties, including Libertarian and Green, garnered less than 1% each. This significant Republican leaning could shape local policy and governance, potentially impacting everything from business regulations to tax structures, and thereby... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Marion County, Mississippi, the 2020 U.S. Presidential Election showed a significant leaning toward the Republican party, with Republican candidates likely securing around 68% of the vote. Democrats trailed with about 31%, reflecting a notable partisan divide. Minor parties such as the Libertarian and Green parties barely made a mark, each capturing less than 1% of the vote. This distribution suggests a strong Republican presence in the county that may influence local policy and governance trends.
67.94% of voters voted for the Republican party in the 2020 Presidential Election
31.10% of voters voted for the Democrat party in the 2020 Presidential Election
0.36% of voters voted for the Livertarian party in the 2020 Presidential Election
0.09% 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
Marion County, Mississippi has seen its student-to-teacher ratio drop from nearly 16 students per teacher in 2018 to about 11 by 2023, falling below the US national average of 14. This suggests a trend towards smaller class sizes, which could be a selling point for families seeking more individualized attention for their children. Such educational metrics might attract investors and new residents, possibly boosting property values and influencing insurance... Read more
Student-to-teacher ratio in Marion County, Mississippi over the last 10 years
Marion County, Mississippi has seen some fluctuations in its student-to-teacher ratio over the last decade, peaking at nearly 16 students per teacher in 2018 before declining to around 11 students per teacher by 2023. This is below the current US national average of 14 students per teacher, potentially indicating smaller class sizes which could appeal to families prioritizing more individualized attention for their children. These trends might attract investors, new residents, and real estate agents looking for marketable points about the education system in the area. Smaller class sizes can also influence property values and insurance assessments by enhancing the perceived quality of education.
