Newton County Real Estate and Livability Trends
Newton County, Mississippi, has seen a gradual increase in average taxable income per tax return, hitting $50,303.38 in 2021, with the sharpest rise between 2017 and 2018. Concurrently, real estate taxes have surged from $1,394.92 in 2012 to $2,545.00 in 2021, potentially reflecting higher property values or local taxation changes. Despite the county's political conservatism, with over 68% of... Read more
Newton County Market Trends
Newton County, Mississippi has seen a gradual rise in median home values, peaking at $100,800 in 2022. This is substantially more affordable compared to the state average of $151,000 and the national average of $179,400, making it an attractive market for investors or first-time buyers. There's a notable upward trend in average residential energy tax credits, which peaked at $875.00 in 2018,... Read more
Median Value of Occupied Housing Units in Newton County, Mississippi Over the Last 8 Years
Over the past eight years, Newton County, Mississippi has shown a gradual increase in median home values, peaking at $100,800 in 2022. Compared to the state average of $151,000 and the national average of $179,400 for the same year, Newton County's housing market remains notably more affordable. This significant price difference could represent an appealing opportunity for investors looking to stretch their dollars further or for individuals seeking to enter the property market without the financial burden observed on a state or national level.
Residential Energy Tax Credit Per Tax Return in Newton County, MS Over the Last 9 Years
Newton County, Mississippi has seen fluctuations in average residential energy tax credits per tax return over the past nine years, with a general upward trend peaking notably at $875.00 in 2018. This might reflect increasing investments in energy-efficient home improvements or shifting tax policies favoring renewable energy. For real estate agents and investors, these numbers suggest potential value in properties with energy-efficient upgrades. Appraisers and insurance agents could factor these trends into evaluations and risk assessments, respectively. Building property with a focus on energy efficiency might yield financial benefits due to these credits, appealing to environmentally conscious and cost-savvy buyers.
Average Real Estate Taxes Per Tax Return in Newton County, MS Over the Last 10 Years
Average real estate taxes per tax return in Newton County, Mississippi have shown a notable upward trend over the last decade, with an increase from approximately $1,394.92 in 2012 to around $2,545.00 in 2021. This substantial rise may suggest enhancing property values or changes in local taxation policies. For potential investors, appraisers, and real estate agents, these trends could indicate a strengthening market, while prospective homeowners might need to budget for higher property tax obligations going forward.
Percentage of Farm Returns in Newton County, MS Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Newton County, Mississippi, has exhibited a gradual increase with a few fluctuations. Starting at about 7.01% in 2012, this metric showed a mild yet steady rise, peaking around 7.91% in 2018. Although there was a slight dip in 2019 and 2020, it rebounded to approximately 7.87% by 2021. Farm tax returns are essentially documents filed by farmers and agricultural businesses detailing their income and expenses, which play a crucial role in understanding local agricultural economic health. This trend in farm returns may suggest a relatively stable or growing agricultural sector, which is relevant for those considering agricultural investment or development in the region. Such consistency possibly indicates favorable conditions for agribusiness, which could be a critical factor for economic planning and development in Newton County.
Number of Mortgages by Occupancy Type in Newton County, MS Over the Last 5 Years in Newton County
In Newton County, Mississippi, the majority of mortgages are consistently for principal residences, showing a slight decline from 689 in 2020 to 599 in 2022. Investment properties have maintained a steady demand, slightly fluctuating around the 40 mark. Second residences are relatively low but show a modest increase from 3 in 2018 to 11 in 2022. These dynamics can significantly impact local housing market stability and investment opportunities; a high proportion of principal residences often correlates with a stable community and lower turnover, beneficial for investors seeking rental incomes and developers considering new projects. Insurance agents and appraisers may also find these trends indicative of market stability and property valuation consistency.
Economic Outlook
Newton County, Mississippi, has seen a gradual increase in average taxable income per tax return over the past nine years, leading to $50,303.38 in 2021. The most substantial rise occurred between 2017 and 2018, with income jumping by nearly $3,400. Alongside this, the average state and local income taxes per tax return have risen from $3,668.70 in 2012 to $5,943.48 in 2021, particularly spiking after 2017. Additionally, total tax liability per return has grown from approximately $4,946.14 in... Read more
Average Taxable Income per Tax Return in Newton County, MS over the last 9 years
Newton County, Mississippi has experienced a gradual yet noticeable increase in average taxable income per tax return over the past nine years, culminating in an average of $50,303.38 in 2021. The most significant jump occurred between 2017 and 2018, where the average income rose by nearly $3,400. This upward trend might suggest a growing economic stability and prosperity in the area, which could be of interest to potential investors, real estate agents, and those considering moving to the county.
Average State and Local Income Taxes Per Tax Return in Newton County, MS Over the Last 10 Years
Newton County, Mississippi's average state and local income taxes per tax return have experienced notable growth over the past decade. Starting at $3,668.70 in 2012, the average climbed steadily to a peak of $5,943.48 by 2021. This upward trend is particularly pronounced post-2017, suggesting increased tax contributions in recent years. Such trends could potentially reflect rising incomes or changes in tax policy, offering a critical data point for potential investors or new residents evaluating the area's economic landscape.
Average Total Tax Liability Per Tax Return in Newton County, MS Over the Last 10 Years
Over the last decade, Newton County, Mississippi has seen a notable rise in the average total tax liability per tax return. Starting at approximately $4,946.14 in 2012, the amount gradually increased, peaking at about $6,300.89 in 2021. This upward trend might indicate a strengthening local economy or changes in tax policies that could be relevant for investors, real estate agents, and potential homeowners considering moving to the area. Such shifts in tax liability could impact property valuations, insurance rates, and the overall cost of living.
Cost of Living in Newton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $980 | $1,323 | $1,877 | $522 | $816 |
| 1 adult 4 children | $980 | $1,080 | $1,400 | $522 | $835 |
| 2 adults 3 children | $980 | $1,081 | $1,646 | $522 | $657 |
| 1 adult 3 children | $980 | $882 | $1,169 | $522 | $636 |
| 2 adults 2 children | $805 | $885 | $1,416 | $461 | $616 |
| 2 adults 1 child | $805 | $699 | $1,185 | $260 | $634 |
| 1 adult 2 children | $805 | $661 | $938 | $461 | $534 |
| 1 adult 1 child | $805 | $452 | $708 | $260 | $532 |
| 2 adults | $612 | $562 | $955 | $0 | $579 |
| 1 adult | $608 | $306 | $477 | $0 | $531 |
Demographics
Newton County, Mississippi shows a near even distribution of genders with a slight female majority. Educational attainment varies widely, with a substantial number of residents holding only a high school diploma or no diploma at all, while those with higher degrees represent a smaller segment. The age distribution is fairly diverse, with notable representation across all age groups, particularly among those under 10 years and those aged between 45 and 64 years. The racial makeup indicates a... Read more
Race Distribution in Newton County, Mississippi (2022)
Educational Attainment in Newton County, Mississippi (2022)
Age Distribution in Newton County, Mississippi
Citizen Population in Newton County, Mississippi (2022)
Political Trends & Data
Newton County, Mississippi might lean heavily conservative given that over 68% of votes went to the Republican party in the 2020 U.S. Presidential Election, while Democrats received around 30%. With third parties barely making a dent, pulling under 1% combined, this area's political climate could influence various local policies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Newton County, Mississippi showed a significant leaning towards the Republican party in the 2020 U.S. Presidential Election. With just over 68% of the votes, Republicans had a strong majority, while Democrats garnered about 30%. Other parties such as Libertarians and the Green Party had minimal impact, collectively pulling under 1% of the vote. This suggests that the political landscape in Newton County might be predominantly conservative.
68.71% of voters voted for the Republican party in the 2020 Presidential Election
30.20% of voters voted for the Democrat party in the 2020 Presidential Election
0.46% of voters voted for the Livertarian party in the 2020 Presidential Election
0.08% of voters voted for the Green party in the 2020 Presidential Election
0.55% of voters voted for the Other party in the 2020 Presidential Election
School Data
Newton County, Mississippi has experienced notable changes in its student-to-teacher ratio, peaking at fifteen students per teacher in 2016 and dropping to around seven in 2023, well below the national average of fourteen. These shifts likely reflect demographic changes, funding fluctuations, or teacher retention rates. Such trends can impact real estate desirability, family relocation decisions, and property appraisals, making them pertinent for investors, insurance agents, and real estate... Read more
Student-to-teacher ratio in Newton County, Mississippi over the last 10 years
Newton County, Mississippi has seen significant fluctuations in its student-to-teacher ratio over the past decade, with a notable peak in 2016 at fifteen students per teacher. By 2023, this ratio had declined considerably to around seven, well below the current national average of fourteen students per teacher. These shifts in occupancy type likely reflect changes in demographic patterns, funding allocations, or teacher retention rates, impacting not just the education system but also influencing real estate desirability, family decisions about relocations, and potential appraisals. Investors, insurance agents, and real estate professionals might find such trends important in assessing the demand for new housing developments or evaluating the robustness of the county's community infrastructure.
