Pontotoc County Real Estate and Livability Trends
In Pontotoc County, Mississippi, median home values have surged from $81,500 in 2015 to $136,700 in 2022, nearly aligning with the national trend and outpacing state growth rates. This rise could be drawing increased investor interest and development activity. Residential energy tax credits spiked in 2018, hinting at notable energy-efficiency investments. Real estate taxes climbed from $1,572.67... Read more
Pontotoc County Market Trends
Pontotoc County, Mississippi, has observed a significant climb in median home values from $81,500 in 2015 to $136,700 in 2022, outpacing the state's growth rate and nearly matching the national trend. Residential energy tax credits saw remarkable peaks and dips, particularly spiking to $1,100.00 in 2018, hinting at cycles of substantial investment in energy-efficient upgrades. Real estate taxes... Read more
Median Value of Occupied Housing Units in Pontotoc County, Mississippi Over the Last 8 Years
Pontotoc County, Mississippi has seen a dramatic rise in median home values from $81,500 in 2015 to $136,700 in 2022. This growth rate appears to be more pronounced compared to Mississippi overall, which went from $103,100 to $151,000 during the same period, and it generally keeps pace with nationwide growth where prices increased from $125,500 to $179,400. For investors and potential home buyers, Pontotoc County's rate of increase might suggest opportunities for appreciation not fully priced into more saturated markets.
Residential Energy Tax Credit Per Tax Return in Pontotoc County, MS Over the Last 9 Years
Over the past nine years, Pontotoc County, Mississippi has seen notable fluctuations in average residential energy tax credits per tax return. Starting from $290.91 in 2013, the amount peaked significantly at $1,100.00 in 2018. Despite a drop in subsequent years, 2021 still exhibited a high average of $950.00. These patterns may suggest varying levels of investment in energy-efficient improvements, possibly influenced by changing financial incentives or local adoption rates of energy-efficient technologies. This trend could be of interest to investors, real estate professionals, and those planning to move to or develop property in the area, signaling potential for continued growth in green initiatives and energy-saving home improvements. Such insights could also be valuable for appraisers and insurance agents assessing property value and risk.
Average Real Estate Taxes Per Tax Return in Pontotoc County, MS Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Pontotoc County, Mississippi show a noticeable uptrend, rising from $1,572.67 in 2012 to $2,527.27 in 2021. This gradual increase, with a significant jump between 2017 and 2018, suggests rising property values and potential shifts in the county's tax policies or local economic conditions. These trends could be particularly relevant for investors, real estate agents, and potential homeowners who need to factor in escalating property taxes as a part of their financial planning.
Percentage of Farm Returns in Pontotoc County, MS Over the Last 10 Years
Farm tax returns in Pontotoc County, Mississippi have fluctuated between approximately 4.26% and 4.80% over the past decade. These returns, which are somewhat stable yet exhibit slight increases and decreases, could indicate a generally consistent agricultural sector with minor variability. For investors, builders, and residents, this pattern suggests a steady but modest contribution from farming activities to the local economy. Understanding the stability and potential of farm returns is crucial for making informed decisions about economic opportunities and property investments in the region.
Number of Mortgages by Occupancy Type in Pontotoc County, MS Over the Last 5 Years in Pontotoc County
The number of mortgages for principal residences in Pontotoc County, Mississippi, saw a noticeable increase between 2018 and 2020 before slightly tapering off by 2022. Investment property mortgages remained relatively stable throughout the five-year period, while second residence mortgages showed minimal variation, suggesting they are a far smaller segment. Shifts in occupancy types may reflect changing priorities among buyers—whether prioritizing personal living spaces over investment opportunities or the modest demand for vacation homes, these trends provide vital insights for real estate agents and investors evaluating long-term market stability and growth prospects. Understanding these patterns can also assist appraisers and insurance agents in assessing the diverse property portfolios in the area.
Economic Outlook
In Pontotoc County, Mississippi, the average taxable income per tax return has steadily increased from roughly $39,376.53 in 2013 to about $51,577.44 in 2021, signaling potential economic growth that could attract investors, new residents, and property developers. Average state and local income taxes per tax return have also risen, from around $3,886.71 in 2012 to a potential $8,551.52 by 2021, possibly indicating higher income levels or increased tax rates that may impact cost-of-living... Read more
Average Taxable Income per Tax Return in Pontotoc County, MS over the last 9 years
In Pontotoc County, Mississippi, the average taxable income per tax return has generally trended upwards over the past nine years, climbing from approximately $39,376.53 in 2013 to about $51,577.44 in 2021. This steady increase may indicate economic growth and an improving local economy, potentially making the area more attractive to investors, new residents, and property developers. Consequently, insurance agents and real estate professionals could find increasing opportunities, while appraisers might see rising property values reflecting the higher incomes.
Average State and Local Income Taxes Per Tax Return in Pontotoc County, MS Over the Last 10 Years
Over the past decade, Pontotoc County, Mississippi, has seen a noticeable rise in average state and local income taxes per tax return, starting at approximately $3,886.71 in 2012 and reaching a potential $8,551.52 by 2021. This upward trend could signal growing economic health or increased income levels, which might be attractive to potential investors or residents. However, it could also reflect increasing tax rates that might affect cost-of-living calculations for those considering a move to or investments in the county.
Average Total Tax Liability Per Tax Return in Pontotoc County, MS Over the Last 10 Years
Over the last decade, Pontotoc County in Mississippi has seen a general upward trend in average total tax liability per tax return, increasing from approximately $5,004.11 in 2012 to around $6,429.85 in 2021. Notable increases were seen in 2015 and 2016, possibly indicating economic growth or policy changes affecting tax burdens. Despite slight dips in 2018 and 2019, the overall direction suggests higher earnings or different tax structures influencing liability. This data could be valuable for investors, property developers, and real estate agents looking to understand the financial health and evolving economic landscape of Pontotoc County.
Cost of Living in Pontotoc County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,003 | $1,327 | $1,934 | $550 | $869 |
| 1 adult 4 children | $1,003 | $1,084 | $1,443 | $550 | $879 |
| 2 adults 3 children | $1,003 | $1,084 | $1,697 | $550 | $689 |
| 1 adult 3 children | $1,003 | $885 | $1,205 | $550 | $673 |
| 2 adults 2 children | $766 | $887 | $1,459 | $485 | $619 |
| 2 adults 1 child | $766 | $701 | $1,221 | $273 | $638 |
| 1 adult 2 children | $766 | $663 | $967 | $485 | $534 |
| 2 adults | $678 | $563 | $984 | $0 | $617 |
| 1 adult 1 child | $766 | $453 | $729 | $273 | $534 |
| 1 adult | $542 | $307 | $492 | $0 | $522 |
Safety trends & Data
In Pontotoc County, Mississippi, property crime has seen a notable decline over the last four years, with Burglary dropping from 12.0 in 2019 to 4.0 in 2021 and Motor Vehicle Theft falling from a high of 10.0 in 2020 to just 3.0 in 2021. This might point to enhanced community safety, potentially boosting property values and making the area more appealing to investors and homebuyers. However, occasional fluctuations in crimes like Larceny-Theft and Embezzlement indicate that some issues may... Read more
Property Crime Trends in Pontotoc County, MS Over the Last 4 Years
In Pontotoc County, Mississippi, property crime trends over the last four years reveal a marked decrease in several categories, notably Burglary and Motor Vehicle Theft. For instance, Burglary cases dropped from 12.0 in 2019 to just 4.0 by 2021, while Motor Vehicle Theft peaked at 10.0 in 2020 before falling to 3.0 in 2021. Such trends might suggest improving community safety and could enhance property values, making the county more attractive to potential investors, homebuyers, and real estate professionals. However, occasional fluctuations in specific crime categories, like Larceny - Theft and Embezzlement, indicate areas that could still require attention from local authorities.
Demographics
Pontotoc County, Mississippi presents a roughly equal balance between its male and female adult population. The educational attainment indicates a substantial portion of residents have high school diplomas, but fewer hold college degrees or higher. Younger age groups, particularly those under 10 years, make up a notable portion of the population, suggesting a family-oriented community. Racially, the county is predominantly white, with smaller African American and other minority populations... Read more
Race Distribution in Pontotoc County, Mississippi (2022)
Educational Attainment in Pontotoc County, Mississippi (2022)
Age Distribution in Pontotoc County, Mississippi
Citizen Population in Pontotoc County, Mississippi (2022)
Political Trends & Data
In Pontotoc County, Mississippi, the 2020 U.S. Presidential Election indicated a strong Republican presence, with about 80.4% of the votes going to the Republican party. Democrats received around 18.2%, while minor parties like the Libertarian and Green parties captured less than 1% each. This voting pattern suggests a significant inclination towards Republican policies and candidates in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Pontotoc County, Mississippi, the 2020 U.S. Presidential Election saw a pronounced leaning towards the Republican party, with roughly 80.4% of votes. The Democratic party garnered around 18.2% of the vote, while minor parties like the Libertarian and Green parties attracted less than 1% each. Such a distribution highlights a significant Republican preference among voters in this area.
80.43% of voters voted for the Republican party in the 2020 Presidential Election
18.20% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% 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
0.54% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pontotoc County, Mississippi has seen its student-to-teacher ratio fluctuate over the past decade, peaking at about sixteen students per teacher in 2017 and gradually declining to around twelve by 2023. This is typically lower than the national average of fourteen students per teacher, suggesting more personalized educational experiences. For real estate investors, agents, and families, these smaller class sizes may indicate a strong educational system, potentially boosting property values and... Read more
Student-to-teacher ratio in Pontotoc County, Mississippi over the last 10 years
Pontotoc County, Mississippi has experienced fluctuations in its student-to-teacher ratio over the past decade, with a noticeable peak of approximately sixteen students per teacher in 2017 before gradually declining to around twelve in 2023. Compared to the national average of fourteen students per teacher, this suggests that over the years the county has generally maintained smaller class sizes, with brief periods exceeding the average. For potential investors, real estate agents, and families considering moving to the area, lower student-to-teacher ratios might indicate a more personalized educational experience, which could positively impact property values and overall community appeal. Conversely, appraisers and insurance agents might view these trends as pointers to the stability and quality of local educational infrastructure, reflecting broader community support and potential economic stability.
