Quitman County Real Estate and Livability Trends
Quitman County, Mississippi shows notable variations in average taxable income, fluctuating from $30,136.73 in 2015 to $34,375.10 in 2021, reflecting potential economic shifts impacting property values and investment decisions. Median home values dropped from $54,100 in 2015 to $45,000 in 2019 before rising to $65,500 by 2022, diverging from steadier state and national trends, while average real... Read more
Quitman County Market Trends
Quitman County, Mississippi's median home values saw a decline from $54,100 in 2015 to $45,000 in 2019 before an upward shift to $65,500 by 2022, contrastive to steadier growth statewide and nationally. A notable spike in residential energy tax credits in 2018 from $366.67 to $1,566.67, now around $850, suggests evolving energy policies or increased energy-efficient upgrades. Average real estate... Read more
Median Value of Occupied Housing Units in Quitman County, Mississippi Over the Last 8 Years
Quitman County, Mississippi, has experienced some intriguing fluctuations in median home values over the past eight years. Starting at $54,100 in 2015, there was a general decline until 2019. Interestingly, from 2020 onwards, the market saw an upward trend, hitting $65,500 in 2022. This is quite different from the more consistent growth seen both statewide and nationally. While Mississippi's median home values grew steadily from $103,100 in 2015 to $151,000 in 2022, the national market surged from $125,500 to $179,400 over the same period. Quitman County's housing market may offer unique opportunities or challenges for investors and those looking to move to this area, indicating it might be a more volatile market compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Quitman County, MS Over the Last 9 Years
Quitman County, Mississippi has seen notable fluctuations in residential energy tax credits over the past nine years. After relatively stable values from $312.50 to $366.67 between 2013 and 2017, a sharp increase was recorded in 2018, peaking at $1,566.67. The tax credits have since decreased but remained higher than pre-2018 levels, with the latest figures hovering around $850. This suggests that there may have been changes in energy policies or a rise in energy-efficient home improvements prompting higher tax benefits. For those in real estate, appraisal, or investment, understanding these trends may offer insights into homeowner behavior and potential cost savings opportunities in the area.
Average Real Estate Taxes Per Tax Return in Quitman County, MS Over the Last 10 Years
Over the past decade, Quitman County, Mississippi has experienced noticeable fluctuations in average real estate taxes per tax return, with amounts ranging from approximately $1,228.57 in 2013 to a peak of $1,700.00 in 2020. The general upward trend, especially the significant rise seen in 2020, might suggest increasing property values or shifts in local tax policies. Such a pattern could be telling for investors, real estate agents, and those interested in property development or migration to the area, indicating potential changes in the real estate market and financial planning considerations.
Percentage of Farm Returns in Quitman County, MS Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Quitman County, Mississippi, has shown a gradual decline, starting from approximately 3.42% in 2012 and dipping to around 2.31% by 2021. Farm tax returns offer a glimpse into the agricultural activity in the region; fewer farm returns could suggest either consolidation of farming operations or a shift away from agricultural ventures. This trend might be informative for potential investors, newcomers, or anyone considering property development, as it could impact future economic and community planning in Quitman County.
Number of Mortgages by Occupancy Type in Quitman County, MS Over the Last 5 Years in Quitman County
In Quitman County, Mississippi, the number of mortgages for principal residences has consistently remained higher compared to investment and second properties over the past five years. The trend reveals a modest but noticeable interest in investment properties, peaking slightly in 2021. Changes in occupancy type matter because they signal shifting priorities for homebuyers and investors. For instance, a stable or increasing demand for principal residences often reflects local economic stability and community growth, which can be attractive to investors and developers. Conversely, fluctuations in investment property mortgages can indicate changing market confidence and potential areas for profitable development or investment. These trends affect real estate agents, appraisers, and insurance agents by influencing pricing strategies, risk assessments, and market valuations.
Economic Outlook
Quitman County, Mississippi has seen variability in average taxable income per tax return over the past nine years, ranging from a low of $30,136.73 in 2015 to a high of $34,375.10 in 2021. Such fluctuations might reflect economic shifts that could impact property values, investment decisions, and insurance policies. Average state and local income taxes per tax return also show significant variance, with highs around $3,833.33 in 2019 and lows near $2,450.00 in 2016, possibly indicating an... Read more
Average Taxable Income per Tax Return in Quitman County, MS over the last 9 years
Quitman County, Mississippi has experienced fluctuation in average taxable income per tax return over the last nine years, ranging from a low of $30,136.73 in 2015 to a high of $34,375.10 in 2021. This variability may reflect economic shifts that could impact investment decisions, property values, and insurance policies. Understanding these trends could be vital for appraisers, real estate agents, and potential residents as they evaluate the financial landscape and potential growth opportunities in the area.
Average State and Local Income Taxes Per Tax Return in Quitman County, MS Over the Last 10 Years
In Quitman County, Mississippi, average state and local income taxes per tax return have fluctuated significantly over the past decade, with highs of around $3,833.33 in 2019 and lows of approximately $2,450.00 in 2016. This variance suggests a potentially inconsistent local tax environment that could impact residents' financial planning and budget strategies. For those considering relocating or investing in Quitman County, it's worth examining these tax trends for possible implications on disposable income.
Average Total Tax Liability Per Tax Return in Quitman County, MS Over the Last 10 Years
Quitman County, Mississippi has shown a somewhat fluctuating trend in average total tax liability per tax return over the last 10 years, with notable peaks in 2016 at $5,501.94 and troughs in 2020 and 2021 at around $3,730.07 and $3,720.11 respectively. This volatility could hint at underlying economic conditions, potentially making it a point of consideration for those interested in the area for investment or real estate purposes. Understanding these shifts could provide valuable insights for appraisers, insurance agents, and prospective homeowners planning their financial outlook in Quitman County.
Cost of Living in Quitman County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $944 | $1,387 | $1,877 | $496 | $795 |
| 2 adults 3 children | $944 | $1,133 | $1,646 | $496 | $630 |
| 1 adult 4 children | $944 | $1,133 | $1,400 | $496 | $796 |
| 1 adult 3 children | $944 | $925 | $1,169 | $496 | $593 |
| 2 adults 2 children | $766 | $928 | $1,416 | $437 | $588 |
| 2 adults 1 child | $766 | $733 | $1,185 | $246 | $600 |
| 1 adult 2 children | $766 | $693 | $938 | $437 | $499 |
| 1 adult 1 child | $766 | $474 | $708 | $246 | $490 |
| 2 adults | $582 | $589 | $955 | $0 | $549 |
| 1 adult | $578 | $321 | $477 | $0 | $491 |
Demographics
Quitman County, Mississippi exhibits a somewhat higher female population compared to males and a diverse spread across age groups, with the 25 to 34 and 55 to 64 age brackets being the largest. When it comes to education, high school graduates form the biggest group, though there are significant portions with some college or an associate's degree. Interestingly, the racial landscape is predominantly Black or African American, with a notable minority of White residents, and very small... Read more
Race Distribution in Quitman County, Mississippi (2022)
Educational Attainment in Quitman County, Mississippi (2022)
Age Distribution in Quitman County, Mississippi
Citizen Population in Quitman County, Mississippi (2022)
Political Trends & Data
Quitman County, Mississippi, appears to have a considerable Democratic leaning based on the 2020 U.S. Presidential Election results, with around 67% of votes likely going to the Democrat and roughly 32% to the Republican. This trend might suggest a robust Democratic presence, which could influence local political strategies and future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Quitman County, Mississippi showed a significant leaning towards the Democratic Party in the 2020 U.S. Presidential Election, with approximately 67% of the votes potentially going to the Democrat candidate. Republicans trailed at around 32%, while third parties like the Libertarian and Green parties garnered minimal support. This voting pattern could indicate a strong or growing Democratic presence in the area, potentially shaping future political strategies and engagements in the county.
31.80% of voters voted for the Republican party in the 2020 Presidential Election
66.65% of voters voted for the Democrat party in the 2020 Presidential Election
0.37% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
1.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Quitman County, Mississippi, has seen its student-to-teacher ratio fluctuate significantly over the past decade, generally staying below the national average of 14:1. Recent years have shown ratios between 8 to 9 students per teacher. This trend towards smaller class sizes could be a draw for families looking for more personalized education for their kids. For real estate professionals, recognizing this factor is crucial, as it might impact property values and demand in the area, offering... Read more
Student-to-teacher ratio in Quitman County, Mississippi over the last 10 years
The student-to-teacher ratio in Quitman County, Mississippi, has varied significantly over the past decade, typically remaining below the national average of 14 students per teacher. The highest ratio was observed in 2016 at approximately 14, but more recent years have seen values around 8 to 9 students per teacher. These trends might suggest smaller class sizes and could be appealing for families seeking more personalized education for their children. For investors, appraisers, and real estate agents, understanding these dynamics can be critical, as they may influence property values and demand in the area. Likewise, builders and developers might find opportunities in a region with potentially appealing educational benefits.
