Prentiss County Real Estate and Livability Trends
Prentiss County, Mississippi has seen notable trends in the real estate market and economic conditions that might interest investors and other stakeholders. The rise in average taxable income per tax return from $38,200.52 in 2013 to $47,918.15 in 2021, despite fluctuating local and state income taxes, hints at strengthening economic conditions. Median home values have steadily climbed from... Read more
Prentiss County Market Trends
Prentiss County, Mississippi has experienced a steady climb in median home values from $78,100 in 2015 to $112,200 in 2022, suggesting potential for property investment amid a stable market. Residential energy tax credits have shown fluctuations, with notable increases in recent years, possibly due to changing energy policies or greater adoption of energy-efficient improvements. Real estate taxes... Read more
Median Value of Occupied Housing Units in Prentiss County, Mississippi Over the Last 8 Years
Prentiss County, Mississippi has experienced a steady climb in median home values, starting from $78,100 in 2015 and reaching $112,200 in 2022. This upward trend, while less pronounced than Mississippi's overall rise from $103,100 to $151,000, and notably lower than the national increase from $125,500 to $179,400, signals growth and potential for property investment. Those considering moving to, investing in, or developing property in Prentiss County might find this gradual appreciation appealing given it suggests a stable market with room for further growth.
Residential Energy Tax Credit Per Tax Return in Prentiss County, MS Over the Last 8 Years
Prentiss County, Mississippi has shown an interesting pattern in residential energy tax credits per tax return over the last eight years. From 2013 to 2021, the average tax credit has ranged mostly between $361.54 and $583.33. Notably, there were spikes in 2017 ($533.33) and 2021 ($583.33). This suggests some fluctuations likely influenced by changes in energy policies or local adoption of energy-efficient improvements. While the amounts can vary, an increase in recent years could indicate growing incentives or a higher uptake in energy-saving measures by residents, which might be appealing for potential homebuyers and real estate investors considering the county.
Average Real Estate Taxes Per Tax Return in Prentiss County, MS Over the Last 10 Years
Over the past decade, Prentiss County, Mississippi has seen a noticeable rise in average real estate taxes per tax return, jumping from around $1,415.04 in 2012 to approximately $2,792.00 in 2021. This steady increase could hint at rising property values or changes in tax policies. Notably, there was a sharp surge between 2017 and 2018, where taxes jumped from about $1,598.52 to $2,170.00. Such trends might be significant for potential investors, real estate agents, and those looking to move to the area, as it could affect the overall cost of property ownership.
Percentage of Farm Returns in Prentiss County, MS Over the Last 10 Years
Farm tax returns in Prentiss County, Mississippi, have shown a slight but noticeable fluctuation over the past decade, peaking at approximately 4.55% in 2014 and dipping to around 2.93% in 2020. These returns reflect a community with a modest but active agricultural sector. Investors and property developers should monitor these trends as they can indicate the vitality of local farms, potential land use, and economic resilience. For those considering relocation, such data might suggest a stable yet evolving farming economy that plays a significant role in the county’s character and livelihood opportunities.
Number of Mortgages by Occupancy Type in Prentiss County, MS Over the Last 5 Years in Prentiss County
Prentiss County, Mississippi has seen a consistent increase in the number of mortgages for principal residences over the past five years, peaking at 880 in 2021. Investment properties have fluctuated slightly but remained relatively stable, while second residences have shown minimal change. For investors, the growing demand for principal residences signals strong buyer interest and potentially lucrative rental markets. Builders and real estate agents might find these trends useful for targeting marketing and construction efforts. Appraisers and insurance agents should note the varying occupancy types for accurate valuation and risk assessment.
Economic Outlook
Prentiss County, Mississippi, has seen a steady rise in average taxable income per tax return from $38,200.52 in 2013 to $47,918.15 in 2021, hinting at economic strengthening. Despite a dramatic increase in average state and local income taxes, spiking from $3,004.88 in 2012 to $8,105.00 in 2020, this drop to $7,009.09 in 2021 may still reflect higher income levels or tax policy shifts. Similarly, the generally upward trend in total tax liability, peaking at $5,531.46 in 2021, underscores... Read more
Average Taxable Income per Tax Return in Prentiss County, MS over the last 9 years
Prentiss County, Mississippi has seen a generally upward trajectory in average taxable income per tax return over the last nine years. From $38,200.52 in 2013 to $47,918.15 in 2021, this consistent growth suggests a potentially strengthening local economy. This trend could interest real estate agents and investors as a sign of increasing affluence and economic stability. Appraisers and insurance agents might consider these figures indicative of property value appreciation. For those contemplating a move, the gradual income increase could translate to better opportunities and a rising standard of living in the area.
Average State and Local Income Taxes Per Tax Return in Prentiss County, MS Over the Last 10 Years
Prentiss County, Mississippi, has seen a sharp rise in average state and local income taxes per tax return over the past decade. From $3,004.88 in 2012, taxes spiked dramatically to peak at $8,105.00 in 2020 before slightly dipping to $7,009.09 in 2021. This steep increase might suggest growing income levels or changes in tax policies, making the area a crucial spot for financial planning. Investors, potential residents, and property developers would certainly need to consider these trends when evaluating the county's economic environment.
Average Total Tax Liability Per Tax Return in Prentiss County, MS Over the Last 10 Years
Over the past decade, Prentiss County, Mississippi has seen a fluctuating but generally upward trend in average total tax liability per tax return, peaking most notably in 2021 at $5,531.46. While there were minor declines like in 2018 and 2017, the overall increase could indicate economic growth or changing taxable income levels in the area. Such data is crucial for potential investors, real estate agents, and those considering property development or purchasing, offering insights into economic shifts and tax burden trends in the county.
Cost of Living in Prentiss County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,025 | $1,275 | $1,877 | $533 | $806 |
| 1 adult 4 children | $1,025 | $1,041 | $1,400 | $533 | $824 |
| 2 adults 3 children | $1,025 | $1,041 | $1,646 | $533 | $651 |
| 1 adult 3 children | $1,025 | $850 | $1,169 | $533 | $631 |
| 2 adults 2 children | $766 | $853 | $1,416 | $469 | $580 |
| 2 adults 1 child | $766 | $674 | $1,185 | $262 | $602 |
| 1 adult 2 children | $766 | $637 | $938 | $469 | $501 |
| 2 adults | $661 | $541 | $955 | $0 | $583 |
| 1 adult 1 child | $766 | $435 | $708 | $262 | $505 |
| 1 adult | $550 | $295 | $477 | $0 | $504 |
Safety trends & Data
Prentiss County, Mississippi is experiencing variable trends in property crime, notably with burglary and larceny-theft peaking in 2019 and then declining in 2020. Larceny-theft incidents fell from 130 in 2019 to 103 in 2020, while burglaries dropped from 33 to 7 in the same period. Motor vehicle thefts have stayed relatively steady, ranging between 9 to 12 incidents annually. These crime rate fluctuations could potentially influence property values, insurance costs, and the area's appeal to... Read more
Property Crime Trends in Prentiss County, MS Over the Last 5 Years
Prentiss County, Mississippi has seen fluctuating trends in property crime over the past five years, with notable spikes in burglary and larceny-theft. For instance, 2019 had particularly high larceny-theft incidents at 130, while 2020 saw a reduction to 103. Burglary also varied significantly, peaking at 33 in 2019 before dropping to just 7 in 2020. Meanwhile, motor vehicle thefts have remained relatively low but consistent, hovering around 9-12 incidents annually. This variability in crime rates could impact property values, insurance premiums, and the attractiveness of the area to potential investors and residents.
Demographics
Prentiss County, Mississippi, shows a balanced gender ratio with slightly more females. The area's education levels seem mixed, with a significant number of high school graduates but fewer individuals holding advanced degrees. The age distribution indicates a consistent population spread across various age groups, hinting at a stable community with diverse generational representation. Racially, the county is predominantly White, with smaller representations from African American, Asian, and... Read more
Race Distribution in Prentiss County, Mississippi (2022)
Educational Attainment in Prentiss County, Mississippi (2022)
Age Distribution in Prentiss County, Mississippi
Citizen Population in Prentiss County, Mississippi (2022)
Political Trends & Data
Prentiss County, Mississippi's real estate market could be influenced by its predominantly conservative political climate, as approximately 78.6% of the votes in the 2020 U.S. Presidential Election favored Republican candidates. With Democrats capturing only around 20.2% of the vote, and Libertarians and other minor parties receiving less than 1.5%, the community's significant lean towards conservative values might impact local property policies, development preferences, and community planning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Prentiss County, Mississippi, the 2020 U.S. Presidential Election results showed a dominant Republican preference, with approximately 78.6% of the votes. Democrats garnered around 20.2% of the vote share, while Libertarians and other minor parties collectively received less than 1.5%. This distribution suggests a significant lean towards conservative policies and candidates among the county's voters.
78.64% of voters voted for the Republican party in the 2020 Presidential Election
20.23% of voters voted for the Democrat party in the 2020 Presidential Election
0.66% of voters voted for the Livertarian party in the 2020 Presidential Election
0.06% of voters voted for the Green party in the 2020 Presidential Election
0.42% of voters voted for the Other party in the 2020 Presidential Election
School Data
Prentiss County, Mississippi has seen its student-to-teacher ratio drop from nearly 13 in 2018 to less than 9 in 2023, a shift that could signal improved educational quality. For investors and builders, this trend may appeal to families considering relocation. Real estate agents can leverage this as a selling point to attract buyers prioritizing education. Insurance agents and appraisers might also find this data useful for assessing community growth and infrastructure needs. Compared to the... Read more
Student-to-teacher ratio in Prentiss County, Mississippi over the last 10 years
Prentiss County, Mississippi has seen fluctuations in its student-to-teacher ratio over the last decade, peaking at nearly 13 students per teacher in 2018 but since dropping to less than 9 students per teacher in 2023. This change might matter for various stakeholders; for potential investors and builders, a lower ratio could signal a positive indicator of educational quality, which often appeals to families considering relocation. For real estate agents, marketing homes in areas with more favorable ratios can be a significant selling point. Additionally, insurance agents and appraisers might find these trends useful when assessing community growth and infrastructure needs. Compared to the national average of 14 students per teacher, Prentiss County appears to offer smaller class sizes, potentially attracting those prioritizing educational support.
