Pike County Real Estate and Livability Trends
Pike County, Mississippi's real estate market has seen steady growth, with median home values rising from $83,300 in 2015 to $115,900 in 2022, though still below state and national medians. Residential energy tax credits hit a high in 2018 at $2,033.33, hinting at increased investments in energy-efficient homes. Real estate taxes have almost doubled over the past decade to $2,945.61 per tax... Read more
Pike County Market Trends
Pike County, Mississippi has seen its median home value rise steadily from $83,300 in 2015 to $115,900 in 2022, yet still remains below state and national medians. Residential energy tax credits per tax return peaked dramatically in 2018 at $2,033.33, reflecting a possible increase in energy-efficient home investments, although the average has since dropped but stays significantly higher than... Read more
Median Value of Occupied Housing Units in Pike County, Mississippi Over the Last 8 Years
Over the past eight years, Pike County, Mississippi has seen its median home value increase from $83,300 in 2015 to $115,900 in 2022. This upward trend, while significant locally, still positions the county below the statewide median of $151,000 and the national median of $179,400 for 2022. For potential buyers or investors, this suggests that Pike County might offer more affordable options compared to the broader market while still experiencing healthy appreciation.
Residential Energy Tax Credit Per Tax Return in Pike County, MS Over the Last 9 Years
Over the last nine years in Pike County, Mississippi, residential energy tax credits per tax return have shown a substantial increase overall, peaking dramatically in 2018 at $2,033.33. The jump in 2017 to $657.14 was notable, followed by more significant spikes, suggesting rising investments in energy-efficient home improvements. Though the average has decreased since 2018, the credits remain relatively high at $983.33 in 2021 compared to early years. This trend may indicate a growing commitment to energy-efficient solutions, which could be appealing for potential investors, real estate markets, and homeowners looking to enhance property value or lower energy costs.
Average Real Estate Taxes Per Tax Return in Pike County, MS Over the Last 10 Years
The trend of rising real estate taxes in Pike County, Mississippi over the past decade aligns with broader national patterns of increasing property values and municipal funding needs. Between 2012 and 2021, the average real estate taxes per tax return jumped significantly from $1585.36 to $2945.61. Notably, there was a sharper increase from 2017 to 2018, reflecting changes that could stem from policy adjustments or shifts in the local economic landscape. This gradual yet pronounced uptick in real estate taxes may influence decisions for potential homebuyers, real estate investors, and developers, suggesting a careful consideration of long-term tax liabilities. For insurance agents and appraisers, these trends could impact the assessment of property risk and value, necessitating updated evaluation models.
Percentage of Farm Returns in Pike County, MS Over the Last 10 Years
Over the past decade, Pike County, Mississippi has seen a fluctuating yet generally stable percentage of farm tax returns. Starting at approximately 4.59% in 2012 and fluctuating close to or above 4.80%, there was a notable peak in 2017 at around 5.16%, and a dip in 2020 to about 4.29%. Farm tax returns are critical as they indicate the number of tax filings specifically dedicated to agricultural income, reflecting the economic health and activity within the farming sector. For those looking to invest in real estate, establish agricultural operations, or simply understand local economic trends, these figures might suggest Pike County has a sustaining farming community with potential for growth or stability in agricultural investments.
Number of Mortgages by Occupancy Type in Pike County, MS Over the Last 5 Years in Pike County
In Pike County, Mississippi, the number of mortgages for principal residences has shown general growth from 995 in 2019 to a peak of 1749 in 2021, before dipping to 1371 in 2022. Investment property mortgages saw more stability, hovering around the 80-mark for most years, except for a slight dip to 69 in 2019. Second residence mortgages remained consistently low, fluctuating between 27 and 40 annually. Shifts in occupancy type mortgage rates can indicate varying economic conditions and investment climates, providing key insights for stakeholders in real estate, investment, and local economic planning. This nuanced understanding of the county's housing market dynamics is crucial for making informed decisions about property development, investment strategies, and market predictions.
Economic Outlook
Over the past nine years, Pike County, Mississippi's average taxable income per tax return has experienced a modest upward trend, with a significant jump to approximately $45,522.17 in 2021. Average state and local income taxes also rose sharply, peaking at $6,710.71 in 2021. Furthermore, the average total tax liability has fluctuated around the $6,000 mark, with peaks and troughs suggesting changing economic conditions or shifts in tax policies. These trends could be pivotal for real estate... Read more
Average Taxable Income per Tax Return in Pike County, MS over the last 9 years
Over the past nine years in Pike County, Mississippi, average taxable income per tax return has shown a modest upward trend, punctuated by periodic fluctuations. Notably, there was a significant jump in 2021, reaching approximately $45,522.17, suggesting potential economic growth or shifts in income levels. Real estate agents and investors may find this data indicative of a strengthening local economy, while appraisers and insurers might consider adjusting their assessments accordingly. Furthermore, prospective residents or businesses looking to move into the area could see this as a positive sign of economic stability.
Average State and Local Income Taxes Per Tax Return in Pike County, MS Over the Last 10 Years
Over the past decade, Pike County, Mississippi, has seen a significant rise in average state and local income taxes per tax return. Starting around $4,495.33 in 2012, there's been a sharp increase since 2018, with a peak at $6,710.71 in 2021. This trend may suggest changing economic conditions or adjustments in tax policy within the county, potentially impacting investment decisions and cost of living considerations for residents and newcomers alike.
Average Total Tax Liability Per Tax Return in Pike County, MS Over the Last 10 Years
The average total tax liability per return in Pike County, Mississippi has generally hovered around the $6,000 mark over the past decade, with notable fluctuations. The highest was around $6,600.99 in 2013, while the lowest dipped to approximately $5,698.91 in 2019. These variances could signal shifts in economic conditions, income levels, or tax policies impacting residents. For investors, builders, real estate agents, appraisers, and insurance agents, these tax trends might suggest caution when evaluating the area’s financial stability or forecasting future liabilities. For potential movers or current residents, understanding these shifts provides insight into the broader economic landscape.
Cost of Living in Pike County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,025 | $1,339 | $1,877 | $573 | $820 |
| 2 adults 3 children | $1,025 | $1,094 | $1,646 | $573 | $660 |
| 1 adult 4 children | $1,025 | $1,094 | $1,400 | $573 | $836 |
| 1 adult 3 children | $1,025 | $893 | $1,169 | $573 | $637 |
| 2 adults 2 children | $837 | $896 | $1,416 | $497 | $603 |
| 2 adults 1 child | $837 | $708 | $1,185 | $252 | $618 |
| 1 adult 2 children | $837 | $669 | $938 | $497 | $519 |
| 2 adults | $736 | $569 | $955 | $0 | $599 |
| 1 adult 1 child | $837 | $457 | $708 | $252 | $514 |
| 1 adult | $703 | $310 | $477 | $0 | $542 |
Safety trends & Data
Pike County, Mississippi, has shown fluctuating property crime trends over the past few years. In 2018, larceny-theft was notably high with 98.00 incidents, while burglary also had a significant presence at 15.00. Motor vehicle thefts were relatively rare at 2.00, and embezzlement and fraud incidents were minimal at 4.00 and 1.00, respectively. By 2022, new concerns like arson and vandalism emerged, each with 2.00 incidents. These dynamics hint at shifting crime patterns, which could... Read more
Property Crime Trends in Pike County, MS Over the Last 2 Years
Pike County, Mississippi, has seen varied property crime trends over the last two years. In 2018, burglary incidents were somewhat noticeable at 15.00, while larceny-theft stood out with 98.00 occurrences, indicating a significant issue with theft-related crimes. Motor vehicle theft was relatively minor at 2.00, and both embezzlement and fraud registered low values of 4.00 and 1.00, respectively. By 2022, the county saw the emergence of different types of property crimes like arson and vandalism, each recording a modest 2.00 incidents. These shifts suggest evolving crime patterns and could imply the necessity for targeted crime prevention strategies.
Demographics
The adult population in Pike County leans slightly female, with women making up over half of the count. Education-wise, the majority have completed high school, but fewer have pursued advanced degrees. Age distribution shows a substantial portion of the population is under 25, while distribution in racial demographics indicates a roughly equal split between White and Black or African American residents. These trends suggest Pike County might be a community with a youthful demographic but also a... Read more
Race Distribution in Pike County, Mississippi (2022)
Educational Attainment in Pike County, Mississippi (2022)
Age Distribution in Pike County, Mississippi
Citizen Population in Pike County, Mississippi (2022)
Political Trends & Data
Pike County, Mississippi showed a near-equal split in the 2020 U.S. Presidential Election, with Democrats securing 49.9% of the vote and Republicans close behind at 48.9%. Minor parties like the Libertarian and Green parties, along with other candidates, collectively garnered 1.2% of the vote. This tight race suggests a balanced voter base with potential for shifts in political allegiance in forthcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Pike County, Mississippi, the 2020 U.S. Presidential Election results show a slight leaning towards the Democratic party, with 49.9% of the votes. The Republican party was close behind, securing 48.9%. Minor parties such as the Libertarian and Green parties made up a small fraction of the vote, with 0.5% and 0.1% respectively. Votes for other candidates accounted for about 0.6%. This narrow margin between the two major parties could indicate a balanced voter base with potential for shifting allegiances in future elections.
48.89% of voters voted for the Republican party in the 2020 Presidential Election
49.86% of voters voted for the Democrat party in the 2020 Presidential Election
0.52% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.62% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pike County, Mississippi's student-to-teacher ratio peaked at about 16 in 2016 and 2017 but has since dropped to 10 in 2023, compared to the national average of 14. This more favorable ratio could attract families looking for smaller class sizes, potentially boosting property values. For real estate professionals, appraisers, and investors, these trends might suggest an emphasis on quality education, which could drive housing demand. Additionally, those in construction and insurance might see... Read more
Student-to-teacher ratio in Pike County, Mississippi over the last 10 years
Pike County, Mississippi has seen a notable fluctuation in the student-to-teacher ratio over the past decade. While the ratio peaked at around 16 in both 2016 and 2017, it has since trended downward, reaching a low of 10 in 2023. For context, the current national average is around 14 students per teacher. This more favorable ratio in Pike County could indicate smaller class sizes, which might appeal to parents considering relocating and can affect property values positively. For real estate agents, appraisers, and investors, these trends could signal a commitment to quality education, potentially driving demand for housing in the area. For insurance agents and those in construction, these changes might suggest a stable or improving community infrastructure.
