Oktibbeha County Real Estate and Livability Trends
Oktibbeha County, Mississippi is experiencing notable changes in its financial and real estate landscape. Average taxable income per tax return rose from $48,195.64 in 2013 to $63,466.00 in 2021, alongside a sharp increase in average state and local income taxes, suggesting an improving local economy that could attract new residents and investors. Concurrently, median home values jumped from... Read more
Oktibbeha County Market Trends
Between 2015 and 2022, Oktibbeha County's median home values soared from $142,100 to $211,200, outpacing state and national trends and suggesting a robust market for potential investors and homebuyers. Recent spikes in the average residential energy tax credit—peaking at $1,285.71 in 2018—highlight increased energy-efficient improvements, which may interest developers and insurance... Read more
Median Value of Occupied Housing Units in Oktibbeha County, Mississippi Over the Last 8 Years
Between 2015 and 2022, Oktibbeha County, Mississippi experienced a significant rise in median home values, jumping from $142,100 to $211,200. This growth outpaces both state and national trends, with Mississippi’s median home values increasing from $103,100 to $151,000 and the national median values moving from $125,500 to $179,400 over the same period. For potential investors, homebuyers, and developers, Oktibbeha County's robust market could suggest higher returns and a thriving property environment compared to the broader state and national contexts.
Residential Energy Tax Credit Per Tax Return in Oktibbeha County, MS Over the Last 9 Years
Oktibbeha County, Mississippi has experienced notable fluctuations in its average residential energy tax credit per tax return over the last nine years. From a moderate $320.69 in 2013, the average saw a significant spike in 2018, reaching $1,285.71, potentially indicating increased energy-efficient home improvements. Recent years have shown elevated levels, with an average of $842.86 in 2021. This trend might suggest growing homeowner interest in energy-efficient investments, relevant for property developers, real estate agents, and insurance professionals looking to assess and capitalize on energy-efficient upgrades in the area.
Average Real Estate Taxes Per Tax Return in Oktibbeha County, MS Over the Last 10 Years
Real estate taxes per tax return in Oktibbeha County, Mississippi have shown a notable upward trend over the past decade, increasing from $2,322.49 in 2012 to $3,749.55 in 2021. The most significant jumps occurred between 2017 and 2018, and continued to rise steadily after that period. This trend may be indicative of a growing real estate market, possibly driven by property value appreciation or increased demand. For investors, real estate agents, and those considering moving to the area, these tax rates could influence decisions regarding property investments and cost of living considerations. Appraisers and insurance agents may also find this data useful in assessing property values and risks.
Percentage of Farm Returns in Oktibbeha County, MS Over the Last 10 Years
Oktibbeha County, Mississippi has seen a fluctuating yet somewhat stable trend in the percentage of farm tax returns over the last decade, varying generally between 2.98% and 3.42%. Farm tax returns reflect the proportion of income tax forms filed by agricultural operations, hinting at the region's agricultural activity levels and economic landscape. While there are minor variations each year, the relative stability suggests a consistent agriculture sector, potentially making it a reliable area for investment or property development related to farming.
Number of Mortgages by Occupancy Type in Oktibbeha County, MS Over the Last 5 Years in Oktibbeha County
Over the last five years in Oktibbeha County, Mississippi, there's been a notable shift in mortgage activity with a steady rise in principal residence mortgages, peaking at 1,934 in 2021. This trend might indicate a growing preference for primary homes over investment and second residences, suggesting heightened local demand for stable, long-term living arrangements. Such changes could reflect economic shifts, job market stability, or better local amenities attracting more permanent residents. For investors and appraisers, this growing demand for primary residences might signal a stable and possibly appreciating real estate market. Conversely, the relative stagnation in investment property and second home mortgages might reflect tighter lending criteria or a shift in investment strategies, influencing insurance premiums and property values differently. For real estate agents and those looking to move, understanding these trends can help in making informed decisions about market entry points and property types.
Economic Outlook
Oktibbeha County, Mississippi has seen a steady rise in average taxable income per tax return from $48,195.64 in 2013 to $63,466.00 by 2021, hinting at an improving local economy that could attract investors and new residents. Concurrent with this increase, average state and local income taxes jumped from $4,496.13 in 2012 to $8,848.48 by 2021, especially notable between 2017 and 2018. Average total tax liability per tax return reflects a similar upward trend, peaking at $10,340.63 in 2021.... Read more
Average Taxable Income per Tax Return in Oktibbeha County, MS over the last 9 years
Oktibbeha County, Mississippi has experienced a noticeable upward trend in average taxable income per tax return over the past nine years. Starting at $48,195.64 in 2013, the average taxable income climbed steadily, reaching $63,466.00 by 2021. This gradual increase may suggest an improving local economy, potentially making the county more attractive to investors, developers, and residents considering relocation. Such financial trends could also influence property appraisals, insurance rates, and real estate market dynamics in the area.
Average State and Local Income Taxes Per Tax Return in Oktibbeha County, MS Over the Last 10 Years
Over the past decade, Oktibbeha County, Mississippi has seen a significant rise in average state and local income taxes per tax return. From $4,496.13 in 2012 to $8,848.48 in 2021, there is a noticeable upward trend. Particularly striking is the jump observed from 2017 to 2018, with values increasing from $5,513.17 to $7,694.64. This trend suggests an evolving tax landscape that could impact potential investors and residents considering the economic environment of the area.
Average Total Tax Liability Per Tax Return in Oktibbeha County, MS Over the Last 10 Years
Over the past decade in Oktibbeha County, Mississippi, average total tax liability per tax return has generally increased. Starting at $7,870.69 in 2012, there was a notable upward trend with slight fluctuations, peaking at $10,340.63 in 2021. This growth may suggest rising incomes or adjustments in tax laws, making the area potentially more lucrative for investors or those considering property development. Real estate agents and appraisers might find this data useful for setting property values or advising clients. The steady increase could also be relevant for insurance agents assessing risk and coverage limits.
Cost of Living in Oktibbeha County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,142 | $1,468 | $1,877 | $709 | $962 |
| 1 adult 4 children | $1,142 | $1,199 | $1,400 | $709 | $1,013 |
| 2 adults 3 children | $1,142 | $1,199 | $1,646 | $709 | $779 |
| 1 adult 3 children | $1,142 | $979 | $1,169 | $709 | $782 |
| 2 adults 2 children | $887 | $982 | $1,416 | $625 | $688 |
| 2 adults 1 child | $887 | $776 | $1,185 | $352 | $672 |
| 1 adult 2 children | $887 | $733 | $938 | $625 | $579 |
| 1 adult 1 child | $887 | $501 | $708 | $352 | $560 |
| 2 adults | $785 | $623 | $955 | $0 | $622 |
| 1 adult | $752 | $340 | $477 | $0 | $552 |
Safety trends & Data
In Oktibbeha County, Mississippi, property crime rates have fluctuated significantly over the past five years. Burglary incidents dropped from 112 in 2018 to just 17 in 2021, but rose again to 40 in 2022. Larceny-theft peaked at 76 in 2018, fell to its lowest at 26 in 2020, and then increased to 48 in 2022. This sporadic pattern in property crimes like vandalism, fraud, and motor vehicle theft could influence stakeholders' decisions around security investments, property valuations, and... Read more
Property Crime Trends in Oktibbeha County, MS Over the Last 5 Years
In Oktibbeha County, Mississippi, property crime rates have shown substantial fluctuations over the past five years. Burglary incidents have notably decreased from 112 in 2018 to just 17 in 2021, before slightly rising to 40 in 2022. Larceny-theft, another major concern, has similarly seen variation, peaking at 76 in 2018 and dipping to its lowest at 26 in 2020, then rebounding to 48 in 2022. The overall trend showcases a sporadic pattern across various forms of property crimes such as vandalism, fraud, and motor vehicle theft, impacting stakeholders' decisions around security investments, property valuations, and insurance policies.
Demographics
Oktibbeha County, Mississippi, exhibits a fairly balanced gender distribution, with a slight majority of females. Education levels show a well-represented array across various stages, from high school graduates to advanced degrees, reflecting a diverse educational background among residents. The age distribution highlights a notable concentration of younger adults, particularly those between 20 to 24 years, which could be indicative of local universities or colleges drawing in this demographic.... Read more
Race Distribution in Oktibbeha County, Mississippi (2022)
Educational Attainment in Oktibbeha County, Mississippi (2022)
Age Distribution in Oktibbeha County, Mississippi
Citizen Population in Oktibbeha County, Mississippi (2022)
Political Trends & Data
In Oktibbeha County, Mississippi, the 2020 U.S. Presidential Election results seemed to show a slight Democratic preference, with around 52% of the vote going to Democrats and approximately 46% to Republicans. Smaller parties like the Libertarians and Greens only made up a minor portion, collectively around 3%. This could point to a fairly competitive political environment, with a marginal Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Oktibbeha County, Mississippi, the 2020 U.S. Presidential Election results show that Democrats possibly held a slight edge with around 52% of the vote, while Republicans captured roughly 46%. Libertarians and other minor parties, including the Green party, collectively accounted for a small fraction, potentially around 3% of the total vote. This trend could indicate a competitive political landscape in the county with a slight Democratic lean.
45.57% of voters voted for the Republican party in the 2020 Presidential Election
52.13% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% 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
Oktibbeha County, Mississippi's student-to-teacher ratio has seen notable shifts over the past decade, peaking at 17 students per teacher in 2016 but dropping to 9 students per teacher by 2023. This decline is particularly relevant for investors, educators, real estate agents, and residents, as it can influence educational outcomes and local property values. A lower student-to-teacher ratio might suggest a stronger focus on individualized student attention, potentially attracting families... Read more
Student-to-teacher ratio in Oktibbeha County, Mississippi over the last 10 years
Oktibbeha County, Mississippi has seen notable fluctuations in its student-to-teacher ratio over the past decade. The ratio peaked in 2016 at 17 students per teacher, significantly above the current national average of 14. However, recent years have shown a consistent decline, reaching a low of 9 students per teacher in 2023. These changes are important for potential investors, educators, real estate agents, and residents, as they can affect educational outcomes, local property values, and community growth. A lower student-to-teacher ratio might indicate a stronger focus on individual student attention and could be a draw for families considering relocation.
