Marshall County Real Estate and Livability Trends
In Marshall County, Mississippi, the average taxable income per tax return has climbed from $34,098.82 in 2013 to $47,544.13 in 2021, suggesting potential economic growth. Median home values surged from $84,800 in 2015 to $150,400 in 2022, indicating a robust property market. Real estate taxes saw a sharp increase from $1,651.94 in 2012 to $2,727.12 in 2021, pointing toward rising property values... Read more
Marshall County Market Trends
Marshall County, Mississippi has witnessed a dramatic rise in median home values over the past eight years, with figures jumping from $84,800 in 2015 to $150,400 in 2022. This increase outpaces the state's growth but lags behind the national median. Significant fluctuations in the residential energy tax credit per tax return, peaking at $1,350.00 in 2018, indicate active incentives for... Read more
Median Value of Occupied Housing Units in Marshall County, Mississippi Over the Last 8 Years
Over the past eight years, Marshall County, Mississippi has seen a significant increase in median home values, rising from $84,800 in 2015 to $150,400 in 2022. This growth, while impressive, still trails behind the national median value, which climbed from $125,500 in 2015 to $179,400 in 2022. Compared to the state of Mississippi, which experienced an increase from $103,100 in 2015 to $151,000 in 2022, Marshall County shows competitive property value growth, making it a potentially attractive area for those looking to invest or build property.
Residential Energy Tax Credit Per Tax Return in Marshall County, MS Over the Last 9 Years
In Marshall County, Mississippi, the past nine years have seen significant fluctuations in the residential energy tax credit per tax return, peaking notably in 2018 at $1,350.00. Such increases suggest a possible rise in energy-efficient home improvements or incentives in specific years, which could interest real estate investors, appraisers, and insurance agents seeking trends in home valuation and policyholder benefits. Despite these peaks, the overall trend also depicts variability year-to-year, underscoring the county's dynamic energy tax credit landscape, crucial for prospective homeowners and builders mindful of potential financial incentives.
Average Real Estate Taxes Per Tax Return in Marshall County, MS Over the Last 10 Years
Marshall County, Mississippi has seen a notable increase in average real estate taxes over the past decade, rising from $1,651.94 in 2012 to $2,727.12 in 2021. While the most significant jumps occurred between 2017 and 2018, as well as between 2018 and 2019, the overall trend suggests rising property values or perhaps changing tax policies. For investors, this could indicate a growing market, while property owners and potential homebuyers should be prepared for higher tax obligations. For appraisers and insurance agents, understanding these trends can be essential in accurately assessing property values and potential risks.
Percentage of Farm Returns in Marshall County, MS Over the Last 10 Years
Over the last decade, Marshall County, Mississippi has seen farm tax returns fluctuate between roughly 2.74% and 3.27% of total returns. Farm tax returns are filed by individuals or entities who derive income from agricultural activities, reflecting the economic health and viability of farming within the county. These percentages indicate a relatively stable agricultural presence, which could suggest a consistent investment in farming infrastructure and resilience in the sector. For potential investors, homeowners, or those interested in agricultural ventures, this fidelity in farm returns might translate to a stable agrarian environment with potential opportunities in agricultural development or related businesses.
Number of Mortgages by Occupancy Type in Marshall County, MS Over the Last 5 Years in Marshall County
For Marshall County, Mississippi, the data points to a steady increase in mortgage counts predominantly for Principal Residences over the past five years, peaking in 2021. With slight fluctuations, Investment Properties and Second Residences remain relatively low and stable. This trend might indicate a growing preference or demand for owner-occupied housing in the area, potentially driven by economic factors or local amenities. Understanding these shifts is crucial for investors gauging rental market viability, appraisers assessing property values, and insurance agents calculating risk profiles. For those moving to Marshall County, this could signal vibrant, community-centric neighborhoods, while builders and real estate agents might find opportunities catering to primary homebuyers.
Economic Outlook
In Marshall County, Mississippi, the average taxable income per tax return has risen notably from $34,098.82 in 2013 to $47,544.13 in 2021, pointing to potential economic growth. Similarly, average state and local income taxes per tax return have increased from $3,210.22 in 2012 to $4,481.16 in 2021, with a sharp spike noted between 2018 and 2019. Additionally, the average total tax liability per tax return escalated from $4,583.60 in 2012 to $6,064.53 by 2021. These upward trends might... Read more
Average Taxable Income per Tax Return in Marshall County, MS over the last 9 years
In Marshall County, Mississippi, the average taxable income per tax return has generally trended upward over the past nine years, with a notable increase from $34,098.82 in 2013 to $47,544.13 in 2021. This steady rise may indicate a strengthening local economy and could interest potential investors, real estate agents, and individuals looking to move to the area. Increased taxable income could also be significant for appraisers and insurance agents when assessing property values and risks, reflecting broader economic improvements in the area.
Average State and Local Income Taxes Per Tax Return in Marshall County, MS Over the Last 10 Years
Over the past decade, Marshall County, Mississippi, has seen a fairly steady rise in average state and local income taxes per tax return, starting at roughly $3,210.22 in 2012 and reaching approximately $4,481.16 by 2021. This trend might be relevant for potential investors and residents as it could suggest a changing economic climate and could impact disposable income. Notably, there was a sharper increase from 2018 to 2019, suggesting potential economic events worth investigating further. Such data could inform decisions for those looking to build property or understand the area's financial dynamics.
Average Total Tax Liability Per Tax Return in Marshall County, MS Over the Last 10 Years
Over the past decade, Marshall County, Mississippi has seen a steady increase in the average total tax liability per tax return. Starting from $4,583.60 in 2012, this has escalated to $6,064.53 by 2021, indicating a significant upward trend. This rise could signal a combination of increasing incomes or property values in the area. For those looking to invest, move to, or build property in Marshall County, it's essential to consider the potential for higher tax liabilities. This trend could also be relevant for appraisers and insurance agents in assessing the area's financial landscape.
Cost of Living in Marshall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,011 | $1,359 | $1,951 | $707 | $907 |
| 1 adult 4 children | $1,011 | $1,110 | $1,455 | $707 | $953 |
| 2 adults 3 children | $1,011 | $1,110 | $1,711 | $707 | $738 |
| 1 adult 3 children | $1,011 | $907 | $1,215 | $707 | $732 |
| 2 adults 2 children | $831 | $909 | $1,471 | $614 | $675 |
| 2 adults 1 child | $831 | $718 | $1,232 | $310 | $669 |
| 1 adult 2 children | $831 | $679 | $975 | $614 | $585 |
| 1 adult 1 child | $831 | $464 | $736 | $310 | $560 |
| 2 adults | $701 | $577 | $992 | $0 | $620 |
| 1 adult | $644 | $315 | $496 | $0 | $548 |
Safety trends & Data
Marshall County, Mississippi has experienced a significant drop in property crimes over the past four years, with Burglary incidents plummeting from 45.00 in 2018 to 2.00 in 2019, with no reports since. Larceny-Theft also decreased from 51.00 in 2018 to just 4.00 by 2022. These trends possibly point to effective law enforcement or community measures, making the area more attractive to real estate investors, insurance agents conducting risk assessments, and potential residents seeking safer... Read more
Property Crime Trends in Marshall County, MS Over the Last 4 Years
Marshall County, Mississippi, has seen a notable decline in property crimes over the past four years. For instance, Burglary incidents dropped sharply from 45.00 in 2018 to 2.00 in 2019 and have not been reported in subsequent years. Similarly, Larceny-Theft declined from 51.00 in 2018 to 4.00 by 2022. Vandalism and Fraud saw reductions as well, indicating potentially effective law enforcement or community interventions. Such trends could interest real estate investors and insurance agents looking at risk assessments, while residents might find the improved safety conditions appealing for long-term living.
Demographics
Marshall County, Mississippi showcases a nearly equal adult population between males and females, hinting at a balanced gender distribution. The educational attainment reveals a significant portion of residents with only a high school diploma, suggesting potential areas for educational development initiatives. Age distribution peaks between 25 to 64 years, indicating a sizable working-age population while also highlighting a growing elderly segment. Racially, the county is almost evenly split... Read more
Race Distribution in Marshall County, Mississippi (2022)
Educational Attainment in Marshall County, Mississippi (2022)
Age Distribution in Marshall County, Mississippi
Citizen Population in Marshall County, Mississippi (2022)
Political Trends & Data
Marshall County, Mississippi, saw a close contest between the Democratic and Republican parties during the 2020 U.S. Presidential Election, with Democrats slightly ahead. The minor parties, namely the Libertarians and Greens, had minimal impact, hinting at a strong two-party dynamic. Even though 'Other' candidates were present, their influence was marginal. This political leaning could subtly shape local policies and potentially influence real estate investment decisions in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Marshall County, Mississippi, the 2020 U.S. Presidential Election results showed a slight lead for the Democratic Party with just over 50% of the votes, while the Republican Party followed closely with around 48%. Minor parties like the Libertarians and Greens garnered minimal support, suggesting a predominantly two-party preference among voters. The presence of 'Other' candidates indicates some level of interest beyond the major parties, but it remains relatively minor.
47.83% of voters voted for the Republican party in the 2020 Presidential Election
50.94% of voters voted for the Democrat party in the 2020 Presidential Election
0.30% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
0.75% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marshall County, Mississippi has seen a substantial drop in its student-to-teacher ratio, falling from a peak of sixteen in 2016 to about eleven in 2023. This shift suggests potentially smaller class sizes and more individualized attention for students, potentially appealing to families and investors. With the current ratio well below the national average of fourteen, it could influence property values and school funding, making this data a valuable point of interest for real estate agents and... Read more
Student-to-teacher ratio in Marshall County, Mississippi over the last 10 years
Over the last decade, the student-to-teacher ratio in Marshall County, Mississippi has exhibited variability, peaking at sixteen students per teacher in 2016 but falling to about eleven in 2023. Notably, the current ratio of eleven students per teacher is well below the national average of fourteen, suggesting potentially smaller class sizes and more individualized attention for students. Investors, real estate agents, and families considering moving to the area might view this trend positively, as it implies potentially better educational outcomes. This data could also influence property values and school funding allocations, making it a critical factor for appraisers and insurance agents to consider.
