Montgomery County Real Estate and Livability Trends
Montgomery County, Mississippi shows an intriguing upward trend in average taxable income, rising from $39,109.28 in 2013 to $46,283.93 in 2021, which could suggest a gradually improving economic climate. The notable increase in state and local income taxes, from approximately $4,000.00 to $6,240.00, might impact financial considerations for investors and residents. Median home values have risen... Read more
Montgomery County Market Trends
Montgomery County, Mississippi's median home values have gradually risen from $75,200 in 2015 to $97,100 in 2022, trailing behind the state's and nation's faster growth rates. Residential energy tax credits have varied over the years, peaking at $1,250.00 in 2018, hinting at a local push for sustainability. Real estate taxes have climbed from $1,512.73 in 2012 to $2,680.00 in 2021, with... Read more
Median Value of Occupied Housing Units in Montgomery County, Mississippi Over the Last 8 Years
Montgomery County, Mississippi, has seen consistent growth in median home values over the past eight years, climbing from $75,200 in 2015 to $97,100 in 2022. This pattern of growth is slower compared to both the state and national trends, where Mississippi's median values rose from $103,100 to $151,000, and the national median soared from $125,500 to $179,400 over the same period. This relatively tempered increase in Montgomery County presents potential opportunities for investors and home buyers seeking more affordable options within Mississippi while still benefiting from a steady appreciation in property values.
Residential Energy Tax Credit Per Tax Return in Montgomery County, MS Over the Last 9 Years
Montgomery County, Mississippi has seen significant fluctuations in residential energy tax credits per tax return over the last nine years. Starting at $350.00 in 2013, the values saw a general upward trend peaking at $1,250.00 in 2018. This pattern indicates a growing investment in energy-efficient home improvements. For real estate agents and property appraisers, this can suggest increased property value and appeal. Investors and builders may find the county's incentivization for energy efficiency as a sign of the local government's support for sustainable development. Overall, the high and rising tax credits can hint at both economic benefits and a commitment to greener living in the area.
Average Real Estate Taxes Per Tax Return in Montgomery County, MS Over the Last 10 Years
Montgomery County, Mississippi has seen a steady increase in average real estate taxes over the past decade, rising from approximately $1,512.73 in 2012 to around $2,680.00 in 2021. Notable jumps occurred between 2017 and 2018, where taxes surged from roughly $1,737.93 to $2,150.00, and again from 2019 to 2020, jumping from $2,293.33 to $2,636.36. These trends may influence property investment decisions, affect appraisal values, and impact the overall cost of living and insurance estimates in the area. Real estate agents and builders should stay updated, considering that rising taxes can affect market dynamics and buyer preferences.
Percentage of Farm Returns in Montgomery County, MS Over the Last 10 Years
Over the last decade, Montgomery County, Mississippi has seen a slight yet consistent increase in the percentage of farm tax returns, starting from 6.35% in 2012 to around 7.59% in 2021. Farm tax returns basically track the number of tax filings related to agricultural activities, indicating an active farming community and possibly growing agricultural investments. This trend can be encouraging for potential investors, property developers, or residents interested in the local agricultural sector, as it suggests a stable and possibly thriving farming economy.
Number of Mortgages by Occupancy Type in Montgomery County, MS Over the Last 5 Years in Montgomery County
In Montgomery County, Mississippi, mortgage counts for principal residences have generally been increasing over the past five years, with a noticeable spike in 2021. In contrast, the count for investment properties remained relatively stable, and second residences showed only a modest increase. Changes in occupancy type impact investment decisions, risk assessment, and market dynamics, as a higher ratio of principal residences might suggest a stable, family-friendly locale, whereas more investment properties could indicate a market ripe for economic growth or higher rental potential. Potential investors, locals, real estate agents, and insurance professionals might find these shifts crucial for understanding housing demand and formulating strategies.
Economic Outlook
Montgomery County, Mississippi shows an upward trend in average taxable income per tax return from $39,109.28 in 2013 to a peak of $46,283.93 in 2021, suggesting a gradually improving economic climate. State and local income taxes have also notably increased from approximately $4,000.00 to $6,240.00, potentially affecting financial considerations for investors and residents. The average total tax liability per return has shown volatility, with peaks in 2015 and 2021. These shifts could... Read more
Average Taxable Income per Tax Return in Montgomery County, MS over the last 9 years
Montgomery County, Mississippi has shown fluctuating but overall increasing trends in average taxable income per tax return over the past nine years. Starting from $39,109.28 in 2013, it saw a rise to $39,145.00 in 2014, peaking at $46,283.93 in 2021. This growth is of interest to investors, real estate agents, and residents alike, as it can indicate a gradually improving economic environment, potentially leading to higher property values and a more stable local economy. Such trends can also impact insurance rates, appraisal values, and investment opportunities in the area.
Average State and Local Income Taxes Per Tax Return in Montgomery County, MS Over the Last 10 Years
Montgomery County, Mississippi has seen fluctuations in average state and local income taxes per tax return over the past decade, with notable peaks recently. While values hovered around $3,500.00 to $4,000.00 from 2012 to 2017, a significant increase occurred in 2018 where taxes surged to $5,300.00 and continued to rise, reaching $6,240.00 by 2021. Investors and potential residents may need to consider these increasing tax rates when evaluating financial aspects of living or doing business in the area.
Average Total Tax Liability Per Tax Return in Montgomery County, MS Over the Last 10 Years
Montgomery County, Mississippi has experienced fluctuating average total tax liabilities per tax return over the past decade, peaking around $5,939.56 in 2015 and again nearing $5,831.48 in 2021. These variations may reflect changing economic conditions, shifts in county tax policy, or broader demographic trends. Real estate investors and potential homebuyers might find this volatility notable as it could indirectly impact property taxes and overall cost of living. Additionally, appraisers and insurance agents should consider these trends as part of their assessments and risk evaluations.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,038 | $1,363 | $1,877 | $505 | $838 |
| 1 adult 4 children | $1,038 | $1,113 | $1,400 | $505 | $862 |
| 2 adults 3 children | $1,038 | $1,114 | $1,646 | $505 | $675 |
| 1 adult 3 children | $1,038 | $909 | $1,169 | $505 | $655 |
| 2 adults 2 children | $766 | $912 | $1,416 | $438 | $600 |
| 2 adults 1 child | $766 | $721 | $1,185 | $219 | $611 |
| 1 adult 2 children | $766 | $681 | $938 | $438 | $513 |
| 2 adults | $677 | $579 | $955 | $0 | $596 |
| 1 adult 1 child | $766 | $465 | $708 | $219 | $505 |
| 1 adult | $643 | $316 | $477 | $0 | $533 |
Demographics
Montgomery County, Mississippi's gender balance in 2022 shows a closer proportion between male and female residents, suggesting a relatively balanced adult population. Educational attainment varies widely, with a significant segment having completed high school, and a smaller yet notable portion holding bachelor's or higher degrees. While age distribution reveals a substantial number of seniors aged 65 and older, younger age groups under 14 years also represent a sizable community. Racial... Read more
Race Distribution in Montgomery County, Mississippi (2022)
Educational Attainment in Montgomery County, Mississippi (2022)
Age Distribution in Montgomery County, Mississippi
Citizen Population in Montgomery County, Mississippi (2022)
Political Trends & Data
Montgomery County, Mississippi, saw Republicans leading with just over 57% in the 2020 U.S. Presidential Election, while Democrats held around 42%. Minor parties collectively barely made it past 0.5%, indicating minimal third-party influence in this county. This voting behavior could hint at broader local political stability, potentially influencing long-term investment and community planning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Montgomery County, Mississippi, the 2020 U.S. Presidential Election results show a strong preference for the Republican party, with just over 57% of the vote, while the Democratic party secured approximately 42%. Minor parties, including Libertarian, Green, and others, collectively garnered only a small fraction of votes, barely surpassing 0.5%. These figures suggest that third-party influence was quite minimal in this specific election within the county.
57.48% of voters voted for the Republican party in the 2020 Presidential Election
41.79% of voters voted for the Democrat party in the 2020 Presidential Election
0.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.06% 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
Montgomery County, Mississippi has seen a steady decline in the student-to-teacher ratio, dropping from just under 14 students per teacher in 2014 to around 9 students per teacher in 2023. This trend towards smaller class sizes may suggest a more personalized and effective educational experience, potentially offering a compelling reason for families prioritizing quality education to consider the area. Additionally, this could attract teachers and educational professionals seeking better job... Read more
Student-to-teacher ratio in Montgomery County, Mississippi over the last 10 years
Montgomery County, Mississippi has experienced a steady decline in the student-to-teacher ratio over the past decade, dropping from just under 14 students per teacher in 2014 to roughly 9 students per teacher in 2023. This trend points to smaller class sizes, which potentially offers a more personalized and effective educational experience compared to the national average of 14 students per teacher. For investors, real estate agents, appraisers, and those considering a move, this shift might indicate a favorable environment for families prioritizing quality education. Smaller class sizes could also be an appealing factor for teachers and educational professionals looking for job opportunities in the area.
