Neshoba County Real Estate and Livability Trends
In Neshoba County, median home values have seen a steady increase from $77,800 in 2015 to $94,300 in 2022, offering a relatively affordable investment when compared to state and national averages. Average taxable income per tax return rose from $39,984.73 in 2013 to $51,725.46 in 2021, hinting at greater economic stability. Meanwhile, real estate taxes per tax return also climbed, indicating... Read more
Neshoba County Market Trends
The market trends for median home values in Neshoba County, Mississippi, indicate a gradual increase from $77,800 in 2015 to $94,300 in 2022, presenting a more affordable investment opportunity compared to state and national averages despite slower growth. Residential energy tax credits peaked in 2018 at $885.71 per tax return, stabilizing around $500, possibly signaling a rise in... Read more
Median Value of Occupied Housing Units in Neshoba County, Mississippi Over the Last 8 Years
The market trends for median home values in Neshoba County, Mississippi, indicate a gradual increase from $77,800 in 2015 to $94,300 in 2022. This rise, while steady, lags behind the state of Mississippi, which saw an increase from $103,100 to $151,000 over the same period. When compared to the national median values, which surged from $125,500 to $179,400, it's clear that Neshoba County presents a more affordable investment opportunity despite slower growth. This could be appealing for those interested in cost-effective property investments or moving to a location with lower housing costs relative to state and national averages.
Residential Energy Tax Credit Per Tax Return in Neshoba County, MS Over the Last 9 Years
Residential energy tax credits in Neshoba County, Mississippi have shown a significant increase over the last nine years, particularly peaking in 2018 at $885.71 per tax return before stabilizing around $500 in recent years. Such trends may indicate a growing investment in energy-efficient home improvements, reflecting an appealing environment for energy-conscious buyers and investors. This insight could be valuable to real estate agents and appraisers, highlighting potential for higher property values and attractive insurance rates due to modernized, energy-efficient housing.
Average Real Estate Taxes Per Tax Return in Neshoba County, MS Over the Last 10 Years
Over the past decade, Neshoba County, Mississippi, has seen a noticeable increase in average real estate taxes per tax return. Starting at approximately $1,550 in 2012, there has been a steady climb, peaking at around $2,734 in 2019. This trend mirrors likely property value appreciation and perhaps increased local government fiscal requirements. For potential investors, developers, or anyone considering relocation, these rising taxes may indicate a healthy, growing market, but also a need to budget accordingly for higher ongoing costs.
Percentage of Farm Returns in Neshoba County, MS Over the Last 10 Years
Over the past decade, Neshoba County, Mississippi has seen fluctuating percentages of farm returns, starting at roughly 6.11% in 2012 and peaking at approximately 7.03% in 2015 before dipping to about 5.82% in 2021. Farm tax returns are a crucial indicator of agricultural activity and profitability, reflecting the financial health and output of local farms. This metric can offer valuable insights for those considering investment opportunities, real estate development, or relocation to the area, as it reveals the vitality of the local farming economy and its potential for growth.
Number of Mortgages by Occupancy Type in Neshoba County, MS Over the Last 5 Years in Neshoba County
In Neshoba County, Mississippi, mortgage counts from 2018 to 2022 reveal a prominent focus on principal residences, consistently comprising the majority of mortgage types. Investment property mortgages have shown a gradual decline, suggesting shifts in investor interest or market conditions. Notably, second residence mortgages have remained relatively low and stable, with slight fluctuations. Changes in occupancy type could indicate evolving homeowner preferences, economic factors, or policy impacts, which are critical for investors, property developers, and real estate agents aiming to align strategies with market realities. Keeping a pulse on these dynamics helps stakeholders manage risks, optimize returns, and tailor services to meet local demand.
Economic Outlook
Neshoba County, Mississippi has seen a significant rise in average taxable income per tax return, moving from $39,984.73 in 2013 to $51,725.46 in 2021, likely signaling increased economic stability. Additionally, average state and local income taxes have surged from $4,443.48 in 2012 to $15,112.12 in 2021, particularly spiking post-2017, which might suggest economic growth but also higher costs of living. Lastly, total tax liability per tax return has also increased, with notable peaks in 2016... Read more
Average Taxable Income per Tax Return in Neshoba County, MS over the last 9 years
Over the last nine years, Neshoba County, Mississippi has experienced a notable increase in average taxable income per tax return, rising from $39,984.73 in 2013 to $51,725.46 in 2021. This upward trend might attract potential investors and homebuyers, highlighting the county's growing economic stability. For insurance agents and appraisers, the consistent rise in taxable income could indicate an expanding middle class or increased earning power among residents, which may impact property values and insurance needs. Real estate professionals may find this data useful in framing the county as a potentially lucrative and stable market.
Average State and Local Income Taxes Per Tax Return in Neshoba County, MS Over the Last 10 Years
Neshoba County, Mississippi has seen a remarkable rise in average state and local income taxes per tax return over the last decade, with figures doubling from $4,443.48 in 2012 to an impressive $15,112.12 in 2021. This upward trend is particularly steep from 2017 onward, suggesting recent economic changes or policy shifts. For potential investors or homeowners, these escalating tax amounts might indicate a growing economic base but could also suggest higher living costs and financial planning needs.
Average Total Tax Liability Per Tax Return in Neshoba County, MS Over the Last 10 Years
Neshoba County, Mississippi has experienced a notable increase in average total tax liability per tax return over the past decade. Starting at around $5,587.05 in 2012, there's been a general upward trend, peaking at $7,869.33 in 2021. Key spikes occurred in 2016 with $6,621.58 and from 2019 to 2020, jumping from $6,477.91 to $7,411.58. This upward movement may indicate rising incomes or changes in local tax policies, which could be crucial for prospective investors and current residents to consider when evaluating financial expectations in the area.
Cost of Living in Neshoba County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $932 | $1,283 | $1,877 | $509 | $777 |
| 2 adults 3 children | $932 | $1,048 | $1,646 | $509 | $620 |
| 1 adult 4 children | $932 | $1,048 | $1,400 | $509 | $783 |
| 1 adult 3 children | $932 | $856 | $1,169 | $509 | $591 |
| 2 adults 2 children | $766 | $858 | $1,416 | $449 | $589 |
| 2 adults 1 child | $766 | $678 | $1,185 | $253 | $608 |
| 1 adult 2 children | $766 | $641 | $938 | $449 | $509 |
| 2 adults | $678 | $545 | $955 | $0 | $595 |
| 1 adult 1 child | $766 | $438 | $708 | $253 | $510 |
| 1 adult | $643 | $297 | $477 | $0 | $540 |
Safety trends & Data
Property crime trends in Neshoba County, Mississippi, show significant fluctuations. Larceny-theft rose sharply in 2020 with 48 incidents but dropped drastically in subsequent years. Vandalism incidents declined from 13 in 2018 to just 1 in 2022. Burglaries spiked at 12 cases in 2022, while motor vehicle thefts remained relatively stable at 4-7 cases annually. These crime data trends are essential for investors, real estate agents, and appraisers, as they impact property valuations, insurance... Read more
Property Crime Trends in Neshoba County, MS Over the Last 5 Years
Property crime trends in Neshoba County, Mississippi, show a notable fluctuation over the last five years. Larceny-theft saw a sharp rise in 2020 with 48 incidents but drastically decreased in following years. Vandalism has generally declined from 13 incidents in 2018 to just 1 in 2022. Burglary incidents spiked in 2022 at 12 cases, a significant increase from previous years. Motor vehicle theft appeared consistent, hovering around 4-7 cases annually. Trends like these provide crucial data for investors, real estate agents, and appraisers, impacting property valuations, insurance rates, and investment potential in the area.
Demographics
Neshoba County, Mississippi's adult population skews slightly more female with women making up approximately 53% of the adults. Notably, educational attainment in the area suggests a significant portion of residents have a high school diploma, yet a rather small percentage holds a bachelor's degree or higher, reflecting potential gaps in higher education access or economic opportunities. The age distribution shows a fairly balanced spread across most age groups, highlighting a mix of young... Read more
Race Distribution in Neshoba County, Mississippi (2022)
Educational Attainment in Neshoba County, Mississippi (2022)
Age Distribution in Neshoba County, Mississippi
Citizen Population in Neshoba County, Mississippi (2022)
Political Trends & Data
In Neshoba County, Mississippi, the real estate market might be influenced by its strong Republican lean, as 71% of voters supported the GOP in the 2020 Presidential Election. Meanwhile, Democrats captured 28% of the vote, reflecting a substantially smaller presence. Minor parties like Libertarians and the Green Party barely moved the needle with only 0.4% of the vote. This political landscape potentially shapes local policies and market trends, favoring conservative-leaning policies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Neshoba County, Mississippi, displays a considerable lean toward the Republican party, with roughly 71% of votes cast in their favor in the 2020 U.S. Presidential Election. Democrats garnered close to 28% of the vote, indicating a notable but significantly smaller support base. Minor parties such as Libertarians and the Green party saw minimal traction, collectively securing only about 0.4% of the vote. The trends suggest a strong Republican dominance, with limited influence from other political parties.
71.09% of voters voted for the Republican party in the 2020 Presidential Election
27.86% of voters voted for the Democrat party in the 2020 Presidential Election
0.39% of voters voted for the Livertarian party in the 2020 Presidential Election
0.05% of voters voted for the Green party in the 2020 Presidential Election
0.61% of voters voted for the Other party in the 2020 Presidential Election
School Data
Neshoba County, Mississippi's student-to-teacher ratio has trended downward from a peak of 17 students per teacher in 2018 to approximately 13 in 2023, now below the national average of 14. This could attract families prioritizing education, potentially boosting real estate prices and community interest. These educational trends might also influence property appraisals and insurance assessments, making them relevant for prospective residents and... Read more
Student-to-teacher ratio in Neshoba County, Mississippi over the last 10 years
Over the past decade, the student-to-teacher ratio in Neshoba County, Mississippi has experienced notable fluctuations, peaking in 2018 at around 17 students per teacher but gradually declining to approximately 13 in 2023. This current ratio is below the national average of 14 students per teacher, suggesting potentially smaller class sizes and more individualized attention for students, which could be a significant draw for families prioritizing education. Such shifts could impact real estate prices, school funding allocations, and community interest for prospective residents and investors. Appraisers and insurance agents might also find these trends noteworthy for valuing properties and assessing educational quality, respectively.
