Perry County Real Estate and Livability Trends
Perry County, Mississippi has seen notable economic gains with average taxable income peaking at $47,693.42 in 2021. Home values have spiked from $86,700 in 2019 to $126,400 in 2022, presenting attractive price points below state and national averages. Energy tax credits' variability suggests a growing focus on energy efficiency, impacting the property market. The student-to-teacher ratio's drop... Read more
Perry County Market Trends
Median home values in Perry County, Mississippi have seen notable growth, jumping from $86,700 in 2019 to $126,400 in 2022. Despite this rise, values remain lower than state and national averages, possibly attracting buyers seeking affordability without losing out on property appreciation. The variability in average residential energy tax credits—from $333.33 in 2013 to $1,462.50 in... Read more
Median Value of Occupied Housing Units in Perry County, Mississippi Over the Last 8 Years
Median home values in Perry County, Mississippi have seen steady growth over the past eight years, with a particularly sharp increase from 2019 onward, where values jumped from $86,700 to $126,400 in 2022. While this growth rate suggests promising opportunities for investors or those considering moving to the area, Perry County's median values still trail the state and national figures. For example, as of 2022, the median value in Mississippi reached $151,000, and the national average was $179,400. This relatively lower cost could appeal to buyers seeking more affordable housing while still benefiting from recent appreciations.
Residential Energy Tax Credit Per Tax Return in Perry County, MS Over the Last 9 Years
Over the past nine years in Perry County, Mississippi, the average residential energy tax credit per tax return has seen significant variability, starting at approximately $333.33 in 2013 and peaking at around $1,462.50 in 2021. This trend can potentially signal increasing investments in energy-efficient home improvements, which may reflect rising energy costs or greater environmental awareness among residents. These fluctuations are crucial for investors, real estate agents, and insurance agents to consider when assessing the area's property market and its evolving energy efficiency landscape.
Average Real Estate Taxes Per Tax Return in Perry County, MS Over the Last 10 Years
Perry County, Mississippi has seen notable fluctuations in real estate taxes per tax return over the past decade. From 2012 to 2021, there's been a general upward trend with a striking peak in 2020 at $2100.00. This surge could be of interest to those evaluating the economic landscape, signaling a potential change in property values or county tax policies. Buyers, investors, and real estate professionals might find these insights critical when assessing future property costs and tax liabilities in the area.
Percentage of Farm Returns in Perry County, MS Over the Last 10 Years
Perry County, Mississippi has shown small but consistent fluctuations in farm tax returns over the past decade, usually hovering around 8.0% to 8.5%. This relatively stable percentage suggests a steady agricultural presence in the region, which could be indicative of either sustained or moderately improving farming activities. For those looking to invest in or move to Perry County, this could mean reliability in the agricultural sector, potentially leading to stable property values and economic conditions.
Number of Mortgages by Occupancy Type in Perry County, MS Over the Last 5 Years in Perry County
Over the last five years, Perry County, Mississippi has shown a steady increase in the number of mortgages for principal residences, peaking at 462 in 2022. Investment properties and second residences have seen modest activity, with investment property mortgages declining to 6 by 2022 and second residence mortgages hovering in single digits. These shifts suggest a growing interest in owner-occupied homes, possibly indicating stability or an influx of new residents prioritizing long-term living arrangements. For investors, this trend might imply fewer opportunities for rental properties but a potentially stronger rental market due to higher demand for principal residences. Builders and developers could see a preference for family-oriented housing projects. Real estate agents, appraisers, and insurance agents should note the dominance of principal residence mortgages in shaping market dynamics and risk assessments.
Economic Outlook
Perry County, Mississippi has seen a steady rise in average taxable income per tax return over the past nine years, peaking at $47,693.42 in 2021, indicating an overall improvement in local economic conditions. State and local income taxes have fluctuated, reaching a high of about $5,650 in 2020 before a slight decrease in 2021 to nearly $4,656, reflecting changes in economic conditions and tax policies. The average total tax liability per tax return has also fluctuated, peaking at $5,699.71 in... Read more
Average Taxable Income per Tax Return in Perry County, MS over the last 9 years
Over the past nine years, Perry County, Mississippi has seen a generally upward trend in average taxable income per tax return, peaking at $47,693.42 in 2021. While the growth experienced some minor fluctuations, the overall increase suggests a steady improvement in local economic conditions. This trend could potentially attract investors, new residents, and those interested in building property, indicating a thriving market with promising financial prospects for various stakeholders.
Average State and Local Income Taxes Per Tax Return in Perry County, MS Over the Last 10 Years
Over the past decade, Perry County, Mississippi, experienced a noticeable fluctuation in average state and local income taxes per tax return, ranging from approximately $3,509 in 2012 to a peak of about $5,650 in 2020, before dropping slightly in 2021 to nearly $4,656. This trend possibly points to changing economic conditions and local tax policies that potential investors, new residents, and property developers should consider when evaluating the county's financial climate and fiscal management.
Average Total Tax Liability Per Tax Return in Perry County, MS Over the Last 10 Years
Over the past decade, Perry County, Mississippi has seen some fluctuations in average total tax liability per tax return, peaking at $5,699.71 in 2021. Investors, homebuilders, real estate agents, and those considering a move to the area might find this trend noteworthy. The relatively steady increase, particularly the sharp rise in 2021, could hint at economic shifts or changes in income levels. Appraisers and insurance agents might also take an interest in these numbers as they could influence property values and risk assessments.
Cost of Living in Perry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $811 | $1,379 | $2,000 | $675 | $917 |
| 1 adult 4 children | $811 | $1,126 | $1,491 | $675 | $960 |
| 2 adults 3 children | $811 | $1,127 | $1,754 | $675 | $741 |
| 1 adult 3 children | $811 | $920 | $1,246 | $675 | $729 |
| 2 adults 2 children | $635 | $922 | $1,508 | $586 | $674 |
| 2 adults 1 child | $635 | $729 | $1,263 | $296 | $645 |
| 1 adult 2 children | $635 | $689 | $1,000 | $586 | $558 |
| 1 adult 1 child | $635 | $471 | $754 | $296 | $526 |
| 2 adults | $525 | $586 | $1,017 | $0 | $598 |
| 1 adult | $441 | $319 | $508 | $0 | $496 |
Demographics
Perry County, Mississippi shows a slight female majority with 4619 females compared to 4307 males. Educational attainment reveals a significant portion of high school graduates or people with some college education, yet there's an evident drop in those pursuing higher degrees. The age distribution leans towards a larger population in the 35-64 years bracket, suggesting a mature workforce. The racial composition is predominantly White at about 9253 individuals, trailed by 1333 Black or African... Read more
Race Distribution in Perry County, Mississippi (2022)
Educational Attainment in Perry County, Mississippi (2022)
Age Distribution in Perry County, Mississippi
Citizen Population in Perry County, Mississippi (2022)
Political Trends & Data
Perry County, Mississippi leaned heavily Republican in the 2020 U.S. Presidential Election, with an estimated 76% of votes going to the Republican candidate, while Democrats secured around 23%. Minor parties like the Libertarian and Green parties captured only about 1% of the vote, indicating minimal local traction. This voting pattern may mirror broader regional trends and local political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Perry County, Mississippi, leaned heavily Republican in the 2020 U.S. Presidential Election, with an estimated 76% of the vote going to the Republican candidate. Democrats, possibly buoyed by their national campaign efforts, secured around 23% of the vote. Minor parties such as the Libertarian and Green parties, alongside other smaller factions, collectively garnered about 1% of the votes, suggesting limited local traction. These figures might reflect broader regional patterns and local political leanings rather than isolated phenomena.
76.06% of voters voted for the Republican party in the 2020 Presidential Election
23.02% of voters voted for the Democrat party in the 2020 Presidential Election
0.35% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% of voters voted for the Green party in the 2020 Presidential Election
0.44% of voters voted for the Other party in the 2020 Presidential Election
School Data
Perry County, Mississippi has experienced a decline in its student-to-teacher ratio, hitting 9:1 in 2022, compared to the national average of 14:1. This trend might make the area more attractive to families seeking smaller class sizes and individualized education for their children. Investors and real estate agents could find this an appealing point for potential home buyers, while appraisers and insurance agents might see impacts on home values and risk assessments due to perceived school... Read more
Student-to-teacher ratio in Perry County, Mississippi over the last 10 years
Perry County, Mississippi has seen fluctuations in its student-to-teacher ratio over the past decade, with a notable decline to 9 students per teacher in 2022, well below the national average of 14. This trend may indicate smaller class sizes, which could be appealing to families considering a move to the area. For investors and real estate agents, lower ratios might signal a potential draw for buyers prioritizing individualized education for their children. Appraisers and insurance agents might also see implications in home values and risk assessments based on school quality perceptions. This evolving educational metric provides nuanced insights into community development and desirability.
