Sharkey County Real Estate and Livability Trends
Sharkey County, Mississippi has experienced rising average taxable incomes and home values, with median home values climbing from $62,000 in 2015 to $88,100 in 2022, and top taxable incomes peaking at $47,230.25 in 2021. Increased real estate taxes—from approximately $1,700.00 to $2,625.00—alongside higher principal residence mortgages, indicate growing property values and local housing... Read more
Sharkey County Market Trends
Sharkey County, Mississippi has seen its median home values climb notably over the last eight years, reaching $88,100 in 2022 from $62,000 in 2015, though still trailing state and national averages. Real estate taxes also surged, jumping from around $1,700.00 to $2,625.00 in 2021, possibly reflecting rising property values or municipal needs. The percentage of farm tax returns has stayed... Read more
Median Value of Occupied Housing Units in Sharkey County, Mississippi Over the Last 8 Years
Sharkey County, Mississippi has seen its median home values fluctuate but overall exhibit a notable upward trend over the last eight years, climbing from $62,000 in 2015 to $88,100 in 2022. This represents substantial growth compared to the average values of Mississippi, which increased from $103,100 to $151,000 during the same period, and even more so when contrasted with national figures that rose from $125,500 to $179,400. For those considering investment, this upward trend in Sharkey County, while lagging state and national averages, suggests potential for appreciating housing values in future years.
Average Real Estate Taxes Per Tax Return in Sharkey County, MS Over the Last 10 Years
Real estate taxes per tax return in Sharkey County, Mississippi have shown fluctuating but notable increases over the past decade, especially in the last two years. From a relatively steady range of around $1,700.00 to $1,850.00 between 2012 and 2019, there was a sharp rise to $2,350.00 in 2020, and further to $2,625.00 in 2021. This upward trend could suggest rising property values or increased municipal funding needs, which might impact decisions for potential investors and current property owners. For appraisers, insurance agents, and real estate agents, understanding these tax trends is essential for accurate property evaluations and financial planning.
Percentage of Farm Returns in Sharkey County, MS Over the Last 10 Years
Over the last decade, Sharkey County, Mississippi has seen fluctuating percentages in farm tax returns, with a low of 2.58% in 2020 and a peak of 3.39% in 2019. Despite these ups and downs, the trend has remained relatively stable with minor variations. For investors or those interested in agricultural property, these percentages can offer insights into the financial health and activities of local farms, potentially signaling the viability of agricultural investments. Farm tax returns reflect the annual financial performance of farms, covering income, expenses, and profitability. In this Mississippi county, regular patterns might indicate consistency in farming practices or external economic factors at play. Given the region's dependency on agriculture, these subtleties in farm reports could be crucial for making informed decisions on property investments and development plans.
Number of Mortgages by Occupancy Type in Sharkey County, MS Over the Last 5 Years in Sharkey County
In Sharkey County, Mississippi, data over the last five years show fluctuations in mortgage types. Investment properties saw a modest increase from 4 in 2018 to 7 in 2022, while principal residences peaked dramatically in 2021 at 65 before settling at 52 in 2022. Second residences remained relatively minor, ranging between 1 to 7 mortgages annually. Changes in occupancy type could signal shifts in the area's desirability and financial health. For investors and potential residents, the rising preference for principal residences suggests a stable or growing local population. Appraisers and real estate agents might find increased principal residence mortgages indicative of heightened housing demand, possibly affecting property values. Insurance agents may need to adjust premiums based on these trends, while builders might see opportunities to cater to family-oriented or long-term occupancy housing.
Economic Outlook
Sharkey County, Mississippi has seen a steady rise in average taxable income per tax return, peaking at $47,230.25 in 2021, signaling potential economic growth or higher earnings among residents. The evolution in state and local income taxes, varying from $3,460.00 to $6,833.33 over the past decade, alongside fluctuating total tax liabilities, with a peak of $7,768.18 in 2021, might reflect economic shifts or policy changes. These trends are crucial for investors, property developers, and real... Read more
Average Taxable Income per Tax Return in Sharkey County, MS over the last 9 years
Sharkey County, Mississippi has seen a consistent rise in average taxable income per tax return over the past nine years, peaking in 2021 at $47,230.25. Notably, from 2018 to 2021, there was a significant upward trend that could indicate economic growth or improved earnings among residents. This gradual increase might attract investors and property developers anticipating a more affluent community, while real estate agents could see an added interest from potential homebuyers seeking stable or rising income environments. For appraisers and insurance agents, these trends could mean adjusting values and premiums accordingly.
Average State and Local Income Taxes Per Tax Return in Sharkey County, MS Over the Last 10 Years
Over the past decade in Sharkey County, Mississippi, average state and local income taxes per tax return have fluctuated significantly, with values ranging from around $3,460.00 to $6,833.33. This variability might suggest inconsistencies in the local economy or shifts in tax policy. Notably, the spike in 2021 to $6,833.33 could indicate economic recovery or revised tax structures that might impact residents and potential investors. For those looking to invest or relocate, these changes in tax burden are important to consider for financial planning and understanding the fiscal landscape.
Average Total Tax Liability Per Tax Return in Sharkey County, MS Over the Last 10 Years
Sharkey County, Mississippi, has experienced fluctuating average tax liabilities over the past decade with a notable peak in 2021 at $7,768.18, potentially indicating economic changes or policy shifts. From a decline to $5,592.31 in 2016, there has been a gradual climb back up, with recent spikes suggesting increased economic activity or rising incomes. Investors, property developers, and real estate agents might see these trends as signals of evolving fiscal dynamics that could impact property values and market conditions in Sharkey County.
Cost of Living in Sharkey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,037 | $1,379 | $1,877 | $532 | $831 |
| 1 adult 4 children | $1,037 | $1,126 | $1,400 | $532 | $850 |
| 2 adults 3 children | $1,037 | $1,127 | $1,646 | $532 | $668 |
| 1 adult 3 children | $1,037 | $920 | $1,169 | $532 | $645 |
| 2 adults 2 children | $766 | $922 | $1,416 | $463 | $587 |
| 2 adults 1 child | $766 | $729 | $1,185 | $236 | $599 |
| 1 adult 2 children | $766 | $689 | $938 | $463 | $500 |
| 1 adult 1 child | $766 | $471 | $708 | $236 | $493 |
| 2 adults | $611 | $586 | $955 | $0 | $561 |
| 1 adult | $608 | $319 | $477 | $0 | $510 |
Demographics
Sharkey County, Mississippi shows a relatively balanced gender distribution among adults, with a slight majority of females. The population also skews older, emphasizing the need for age-appropriate community services. Despite a portion of residents holding higher education degrees, a significant segment hasn't completed high school, indicating potential areas for educational outreach. The racial demographics indicate a majority of Black or African American residents, which could inform... Read more
Race Distribution in Sharkey County, Mississippi (2022)
Educational Attainment in Sharkey County, Mississippi (2022)
Age Distribution in Sharkey County, Mississippi
Citizen Population in Sharkey County, Mississippi (2022)
Political Trends & Data
Sharkey County in Mississippi, despite being in a largely Republican state, showed a strong Democratic preference in the 2020 U.S. Presidential Election, with Democrats securing about 67% of the vote. Republicans trailed significantly with around 32%, while minor parties collectively accounted for nearly 2%. This demonstrates local political dynamics that could influence community-driven real estate decisions, potentially swaying market trends and development opportunities in ways that differ... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sharkey County in Mississippi leaned heavily Democratic in the 2020 U.S. Presidential Election, with approximately 67% of the vote. Republicans garnered around 32%, while minor parties such as Libertarian, Green, and others collectively made up nearly 2% of the vote. This trend underscores a significant Democratic preference in a county within a predominantly Republican state, highlighting the local political dynamics that may not align with broader state trends.
31.52% of voters voted for the Republican party in the 2020 Presidential Election
67.11% of voters voted for the Democrat party in the 2020 Presidential Election
0.41% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Green party in the 2020 Presidential Election
0.69% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sharkey County, Mississippi has seen a notable decline in student-to-teacher ratios, dropping from a peak of 17.2 in 2018 to just 9.2 in 2023. This trend could potentially attract families and investors interested in quality education with less crowded classrooms. Real estate agents might find this data advantageous, as it underscores the county's commitment to education, enhancing the area's overall appeal to new... Read more
Student-to-teacher ratio in Sharkey County, Mississippi over the last 10 years
Sharkey County, Mississippi has seen quite a fluctuation in student-to-teacher ratios over the past decade. Starting at 13 to 14 students per teacher in 2014 and 2015, the ratio spiked to over 16 in the mid-2010s, peaking at 17.2 in 2018. However, since 2019, there's been a significant decline, dropping to 9.2 in 2023, which is well below the current national average of 14 students per teacher. This trend could be enticing for families and investors looking for quality education in less crowded classrooms, while appraisers and insurance agents might see this as a potential indicator of community investment in education. Real estate agents might also leverage this to highlight the county's commitment to enhancing educational provision, making it a more attractive location for new residents.
