Scott County Real Estate and Livability Trends
Scott County, Mississippi, shows a gradual increase in average taxable income per tax return from $35,599.51 in 2013 to $45,153.79 in 2021, which could be a draw for investors and real estate professionals. Median home values have risen moderately from $68,000 in 2015 to $81,300 in 2022, lagging behind state and national averages. A notable spike in residential energy tax credits to $1,266.67 in... Read more
Scott County Market Trends
Median home values in Scott County, Mississippi have risen more slowly compared to the state and national averages, climbing from $68,000 in 2015 to $81,300 in 2022. Residential energy tax credits per tax return have fluctuated, with a significant spike to $1,266.67 in 2018 suggesting periodic boosts in energy-efficient upgrades or incentives. Real estate taxes per tax return have generally... Read more
Median Value of Occupied Housing Units in Scott County, Mississippi Over the Last 8 Years
Median home values in Scott County, Mississippi have shown a generally upward trend over the past eight years, with fluctuations but an overall increase from $68,000 in 2015 to $81,300 in 2022. This growth is slower compared to the state of Mississippi, where values have risen more sharply from $103,100 to $151,000 in the same period. Nationally, the difference is even more pronounced, with the U.S. median home values climbing from $125,500 to $179,400. This may suggest that while Scott County presents more affordable options, investment opportunities may also come with slower appreciation compared to broader regional and national markets.
Residential Energy Tax Credit Per Tax Return in Scott County, MS Over the Last 9 Years
Over the past nine years, Scott County, Mississippi, has seen fluctuating trends in the average residential energy tax credit per tax return. Notably, 2018 experienced a significant spike with the average credit reaching $1,266.67, far surpassing other years. Meanwhile, other years like 2014 and 2019 hovered around $350.00 and $550.00 respectively, reflecting a more moderate range. This variability points to dynamic changes in either energy efficiency upgrades or tax incentives, which could be insightful for investors, property developers, and residents considering energy-efficient renovations. Understanding these trends can help real estate agents and insurance agents tailor their services to better meet the needs of homeowners in the area.
Average Real Estate Taxes Per Tax Return in Scott County, MS Over the Last 10 Years
Over the past decade, Scott County, Mississippi has seen a notable increase in average real estate taxes per tax return. Starting at approximately $1,408.53 in 2012, there has been a general upward trajectory, peaking at around $2,481.25 in 2019. This trend suggests that property values or tax rates have likely increased, which could be of interest to potential investors or homebuyers. For real estate agents and insurers, understanding this trend is crucial for appraising properties accurately and setting appropriate insurance premiums.
Percentage of Farm Returns in Scott County, MS Over the Last 10 Years
In Scott County, Mississippi, the percentage of farm tax returns has shown a slight upward trend over the past decade, rising from approximately 6.28% in 2012 to around 6.63% in 2021. Farm tax returns generally reflect the proportion of agricultural businesses filing taxes, indicating the local economy's reliance on farming. For potential investors or those considering moving to the area, this consistent growth suggests a stable environment for agriculture-related opportunities. Additionally, it could translate to increased job availability and niche market development in agriculture for those looking to build property or settle in Scott County.
Number of Mortgages by Occupancy Type in Scott County, MS Over the Last 5 Years in Scott County
Scott County, Mississippi has seen a notable shift in mortgage patterns over the last five years. Investment property mortgages have slowly declined from 66 in 2018 to 49 in 2022, suggesting a potential decrease in investor interest or a shift in investment strategies. Principal residence mortgages experienced considerable fluctuation, peaking at 914 in 2021 before dropping to 738 in 2022; indicating changing demand for home ownership. Second residence mortgages have been relatively minor but slightly increased from 2018's 9 to 12 in 2022. These dynamics can influence property valuations, affect market competition, and alter risk profiles for buyers, appraisors, real estate agents, and insurers operating in this area.
Economic Outlook
Scott County, Mississippi, has seen a steady rise in average taxable income per tax return from $35,599.51 in 2013 to $45,153.79 in 2021, suggesting growing economic strength. This upward trend in incomes could interest investors and real estate professionals, despite occasional fluctuations. Average state and local income taxes also climbed, with a peak of $6,244.12 in 2020, reflecting economic growth and perhaps higher tax rates. Additionally, the total tax liability per tax return increased... Read more
Average Taxable Income per Tax Return in Scott County, MS over the last 9 years
Over the past nine years, Scott County, Mississippi has seen a consistent upward trend in average taxable income per tax return. Starting at $35,599.51 in 2013, the figures have slowly climbed each year, reaching $45,153.79 by 2021. This general rise in taxable incomes could interest potential investors, real estate agents, and insurers, suggesting a steadily growing economic base and possibly increased purchasing power among residents. However, occasional fluctuations indicate that while the overall trajectory is upward, economic stability should still be assessed carefully.
Average State and Local Income Taxes Per Tax Return in Scott County, MS Over the Last 10 Years
Scott County, Mississippi has seen a notable upward trend in average state and local income taxes per tax return over the past decade. Starting from $3,766.40 in 2012, there has been a consistent increase, peaking at $6,244.12 in 2020 before slightly decreasing to $6,029.41 in 2021. Potential investors and residents might find this trend indicative of both rising incomes and possibly higher tax rates, reflecting economic growth and increased fiscal responsibility within the county.
Average Total Tax Liability Per Tax Return in Scott County, MS Over the Last 10 Years
Over the past decade, Scott County, Mississippi's average total tax liability per tax return has shown a general upward trend. Worth noting is the steady increase, with tax liabilities moving from $4,636.79 in 2012 to a peak of $5,441.06 in 2021. This could be indicative of rising incomes or shifts in tax policies affecting the area. For potential investors, real estate agents, and residents, understanding these trends could be crucial in financial planning and forecasting future tax obligations within the county.
Cost of Living in Scott County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $966 | $1,271 | $1,877 | $531 | $797 |
| 1 adult 4 children | $966 | $1,038 | $1,400 | $531 | $812 |
| 2 adults 3 children | $966 | $1,038 | $1,646 | $531 | $641 |
| 1 adult 3 children | $966 | $848 | $1,169 | $531 | $620 |
| 2 adults 2 children | $766 | $850 | $1,416 | $468 | $593 |
| 2 adults 1 child | $766 | $672 | $1,185 | $263 | $615 |
| 1 adult 2 children | $766 | $635 | $938 | $468 | $514 |
| 1 adult 1 child | $766 | $434 | $708 | $263 | $517 |
| 2 adults | $656 | $540 | $955 | $0 | $592 |
| 1 adult | $643 | $294 | $477 | $0 | $545 |
Safety trends & Data
Property crime trends in Scott County, Mississippi suggest fluctuating rates over the last four years. Larceny-theft notably increased from 1.00 instance in 2018 to 12.00 in 2020, then decreased. Burglary and motor vehicle theft saw an uptick in 2020, while vandalism incidents slightly decreased from 3.00 in 2018 to 2.00 in 2022. These changes could reflect shifting priorities in criminal activity and law enforcement, providing potential investors and residents with important insights into... Read more
Property Crime Trends in Scott County, MS Over the Last 4 Years
Property crime trends in Scott County, Mississippi reveal fluctuating rates over the last four years. The most notable increase can be seen in larceny-theft, rising from 1.00 instance in 2018 to 12.00 in 2020, followed by subsequent decreases. Burglary and motor vehicle theft also showed variability, with an uptick in 2020, while vandalism incidents have slightly decreased from 3.00 in 2018 to 2.00 in 2022. These trends could indicate shifting priorities in criminal activity and law enforcement efficacy, offering potential investors and residents valuable insights into community safety and property risk factors.
Demographics
Scott County, Mississippi shows a slight female majority in its adult population. The county's educational attainment varies notably, with the largest segment being high school graduates and a significant portion having some college experience without a degree. The age distribution is fairly balanced, though there's a notable concentration of residents in the 55 to 64 years age range. Racially, the area is predominantly White and Black or African American, with minimal representation from other... Read more
Race Distribution in Scott County, Mississippi (2022)
Educational Attainment in Scott County, Mississippi (2022)
Age Distribution in Scott County, Mississippi
Citizen Population in Scott County, Mississippi (2022)
Political Trends & Data
In Scott County, Mississippi, the 2020 U.S. Presidential Election results indicate that around 58.6% of voters supported the Republican candidate, while about 40.3% favored the Democratic contender. Minor parties, like the Libertarian and Green parties, secured only a small fraction of the vote, pointing toward a predominant preference for major parties. This voting trend could reflect broader statewide voting behaviors and potential political inclinations within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Scott County, Mississippi, the 2020 U.S. Presidential Election results suggest that Republican support was notably higher at approximately 58.6%, while Democratic backing was around 40.3%. Minor party candidates, including the Libertarian and Green parties, collectively garnered a small fraction of the vote, indicating a potential preference for the major parties. This distribution may highlight the county's leaning tendencies and could be reflective of broader state-wide voting behaviors.
58.56% of voters voted for the Republican party in the 2020 Presidential Election
40.34% 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
0.20% 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
Over the past decade, Scott County, Mississippi's student-to-teacher ratio decreased from a peak of 17 in 2018 to 11 in 2023, compared to the national average of 14 students per teacher. This lower ratio could offer more individualized attention in schools, potentially appealing to families focused on education quality and influencing housing demand. These trends might reflect changing enrollment or staffing, which could signal shifting population dynamics, affecting property valuations and... Read more
Student-to-teacher ratio in Scott County, Mississippi over the last 10 years
Over the past decade, Scott County, Mississippi has seen fluctuations in its student-to-teacher ratio, peaking at 17 in 2018 before consistently declining to 11 in 2023. While lower ratios, such as the current rate compared to the national average of 14 students per teacher, might be perceived as beneficial in providing more individualized attention, this trend could reflect underlying enrollment changes or staffing strategies. For potential investors, homeowners, and real estate agents, these ratios might imply a responsive education system yet could also signal shifting population dynamics. Lower ratios are often appealing for families prioritizing education quality, possibly influencing housing demand. For insurance agents and appraisers, such trends could impact community valuations and insurance risk assessments.
