Noxubee County Real Estate and Livability Trends
Noxubee County, Mississippi has experienced noticeable growth in median home values, rising from $57,400.00 in 2017 to $85,000.00 in 2022, potentially signaling increased demand and appeal. The local economy appears healthier, with average taxable income per tax return climbing from $31,653.56 in 2013 to $40,762.75 in 2021, and an uptick in average state and local income taxes. Real estate taxes... Read more
Noxubee County Market Trends
Noxubee County, Mississippi has seen median home values jump from $57,400.00 in 2017 to $85,000.00 in 2022, hinting at potential growth and rising demand despite lagging behind state and national averages. Residential energy tax credits per tax return have generally increased, peaking at $1,100.00 in 2018, indicating a trend towards energy-efficient home improvements. The average real estate... Read more
Median Value of Occupied Housing Units in Noxubee County, Mississippi Over the Last 8 Years
Median home values in Noxubee County, Mississippi have shown significant volatility over the past eight years, hitting a low of $57,400.00 in 2017 and climbing to $85,000.00 in 2022. While these values are generally lower than Mississippi's state average, which rose to $151,000.00 in 2022, and much lower than the national average, which reached $179,400.00, the county's sharp increase in the last two years suggests potential for growth. For investors or prospective homeowners, this upward trend could signal increasing demand or improving local conditions, although it's still considerably more affordable than broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Noxubee County, MS Over the Last 9 Years
Noxubee County, Mississippi has seen fluctuating yet generally increasing residential energy tax credits per tax return over the past nine years, peaking at $1,100.00 in 2018. This upward trend indicates a growing investment in energy-efficient home improvements, which could appeal to investors and homebuyers interested in long-term savings on energy costs. The noticeable spikes, particularly in 2015, 2018, and 2021, hint at periods of significant energy initiatives or incentives. This data could be crucial for appraisers, insurance agents, and real estate professionals to consider the overall value trends and future property assessments in the county.
Average Real Estate Taxes Per Tax Return in Noxubee County, MS Over the Last 10 Years
Noxubee County, Mississippi has seen a notable rise in average real estate taxes per tax return over the past decade, with a significant jump from $1,411.63 in 2012 to $2,053.33 in 2021. This upward trend, especially the sharp increases post-2017, may impact investors, property buyers, and real estate agents by potentially influencing property valuations and long-term investment returns. For insurance agents and appraisers, these changes might point to shifts in property market dynamics, affecting risk assessments and appraisals. For residents, this could mean higher costs of homeownership, which might be an important consideration for those thinking of relocating or making significant property investments in the area.
Percentage of Farm Returns in Noxubee County, MS Over the Last 10 Years
The percentage of farm tax returns in Noxubee County, Mississippi, has shown a fluctuating trend over the past decade, peaking at approximately 13.05% in 2015. This rate indicates that a noticeable portion of the local economy could be tied to agriculture, with 2021 closing at around 9.78%. For potential investors or those considering moving to or developing property in Noxubee County, these figures suggest that while agriculture remains a significant aspect, there might be some variability or underlying shifts influencing this sector. Farm tax returns often serve as an economic indicator, reflecting the agricultural output and profitability, which can impact land value and local business opportunities.
Number of Mortgages by Occupancy Type in Noxubee County, MS Over the Last 5 Years in Noxubee County
In Noxubee County, Mississippi, mortgage activity over the past five years shows a consistent dominance of principal residence loans, peaking at 313 in 2021. Investment property loans and second residence mortgages remain significantly lower, with investment property loans ranging from 12 to 23 and second residence loans from 1 to 9 annually. The higher number of principal residence loans may suggest a stable, potentially growing community, drawing owner-occupiers rather than investors. Changes in occupancy type can reflect shifts in local economic conditions, demand for long-term housing, or interest in the area as a real estate investment. Understanding these trends can be crucial for investors, appraisers, builders, and real estate agents, offering insight into market dynamics and guiding strategy.
Economic Outlook
Noxubee County, Mississippi has shown a general increase in average taxable income per tax return from $31,653.56 in 2013 to $40,762.75 in 2021. This trend might suggest a healthier local economy, which could appeal to investors, real estate agents, and those considering relocating. Average state and local income taxes also rose, escalating from $2,784.00 in 2012 to $4,689.47 by 2021, reflecting potential changes in fiscal responsibilities. Additionally, the average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Noxubee County, MS over the last 9 years
Over the past nine years, Noxubee County, Mississippi has demonstrated a generally upward trend in average taxable income per tax return, climbing from approximately $31,653.56 in 2013 to about $40,762.75 in 2021. This growth, particularly noticeable in the recent years, indicates a potentially healthier local economy, appealing to investors, real estate agents, and those considering relocation. Property developers and appraisers may find this trend significant as it can imply rising property values and living standards. For insurance agents, the increasing income levels might affect risk assessments and policy offerings.
Average State and Local Income Taxes Per Tax Return in Noxubee County, MS Over the Last 10 Years
Noxubee County, Mississippi has seen a climb in average state and local income taxes per tax return over the past decade, escalating from $2,784.00 in 2012 to roughly $4,689.47 by 2021. Noteworthy spikes occurred between 2017 and 2018, with another significant rise after 2020. For potential investors or new residents, this uptick suggests potential increases in fiscal responsibilities, signaling an evolving economic landscape that may affect disposable income and cost of living.
Average Total Tax Liability Per Tax Return in Noxubee County, MS Over the Last 10 Years
Over the past decade, Noxubee County, Mississippi has generally seen an upward trend in the average total tax liability per tax return, rising from $4,138.25 in 2012 to a peak of $5,908.95 in 2021. This volatility with a noticeable increase in recent years could signal a shift in economic conditions, potentially driven by local policy changes or economic growth. For real estate agents, appraisers, and insurance agents, this trend might suggest changing property values and evolving financial dynamics within the county. Staying informed on these fluctuations can help better assess investment opportunities and financial risks.
Cost of Living in Noxubee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $954 | $1,468 | $1,877 | $506 | $847 |
| 1 adult 4 children | $954 | $1,199 | $1,400 | $506 | $867 |
| 2 adults 3 children | $954 | $1,199 | $1,646 | $506 | $678 |
| 1 adult 3 children | $954 | $979 | $1,169 | $506 | $653 |
| 2 adults 2 children | $766 | $982 | $1,416 | $446 | $629 |
| 2 adults 1 child | $766 | $776 | $1,185 | $250 | $637 |
| 1 adult 2 children | $766 | $733 | $938 | $446 | $537 |
| 2 adults | $678 | $623 | $955 | $0 | $616 |
| 1 adult 1 child | $766 | $501 | $708 | $250 | $525 |
| 1 adult | $643 | $340 | $477 | $0 | $548 |
Demographics
Noxubee County, Mississippi, appears to have a notable gender imbalance with females slightly outnumbering males. In terms of educational attainment, a significant portion of the population only holds a high school diploma, with far fewer residents achieving higher education degrees. The age distribution seems diverse, skewing towards older adults, particularly those in the 45-54 and 55-64 year ranges. Race distribution reveals a predominant Black or African American community, considerably... Read more
Race Distribution in Noxubee County, Mississippi (2022)
Educational Attainment in Noxubee County, Mississippi (2022)
Age Distribution in Noxubee County, Mississippi
Citizen Population in Noxubee County, Mississippi (2022)
Political Trends & Data
Noxubee County, Mississippi, exhibits a pronounced inclination towards the Democratic Party, with an estimated 75.7% of the vote secured in the 2020 U.S. Presidential Election. In stark contrast, the Republican Party received about 23.2%, while third-party candidates like Libertarian and Green struggled to gain traction. The county's political landscape appears largely polarized between the two main parties, with minimal support for smaller... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Noxubee County, Mississippi, the 2020 U.S. Presidential Election results show a dominant preference for the Democratic Party, with them potentially securing around 75.7% of the vote. This contrasts sharply with the Republican Party, which garnered roughly 23.2%. Minor parties such as Libertarian and Green captured negligible fractions of the vote, pointing to a landscape with limited support for third-party candidates.
23.23% of voters voted for the Republican party in the 2020 Presidential Election
75.67% of voters voted for the Democrat party in the 2020 Presidential Election
0.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% 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
In Noxubee County, Mississippi, the student-to-teacher ratio has fluctuated over the past decade, peaking at 16 in 2018 before dropping to 8 in 2019, and later stabilizing between 11 and 13. These numbers are generally below the national average of 14 students per teacher. For investors, real estate agents, and families, this suggests the possibility of smaller class sizes, which could be a draw for those valuing personalized education and potentially better learning... Read more
Student-to-teacher ratio in Noxubee County, Mississippi over the last 10 years
Over the past decade, the student-to-teacher ratio in Noxubee County, Mississippi has exhibited some fluctuation. The ratio reached its peak at 16 students per teacher in 2018 but dropped significantly to 8 in 2019, suggesting possible changes or irregularities in data collection or staffing conditions. Since then, the ratio has stabilized, hovering between 11 and 13, which is below the national average of 14 students per teacher. For potential investors, real estate agents, and families considering moving to the area, these figures may indicate relatively smaller class sizes, which could be viewed as a positive aspect of the local education system. Lower student-to-teacher ratios often imply more personalized attention in classrooms, potentially leading to better educational outcomes.
