Simpson County Real Estate and Livability Trends
Simpson County, Mississippi, has experienced notable economic growth, with average taxable income rising from $40,362.92 in 2013 to $49,143.63 in 2021, alongside a surge in state and local income taxes. This financial uptick could affect property values and market dynamics. The county's median home value reached $104,600 in 2022, offering affordability compared to statewide and national figures.... Read more
Simpson County Market Trends
In Simpson County, Mississippi, the median home value has seen steady growth, jumping to $104,600 by 2022, presenting potentially attractive opportunities for investors and homebuyers due to its affordability compared to the state's median of $151,000 and the national median of $179,400. Real estate taxes have risen significantly from an average of $1,113.64 in 2012 to about $2,329.63 in 2021,... Read more
Median Value of Occupied Housing Units in Simpson County, Mississippi Over the Last 8 Years
Over the past eight years, the median home value in Simpson County, Mississippi, has exhibited steady growth, with a significant jump to $104,600 by 2022. This contrasts with both Mississippi's overall housing market, which reached $151,000, and the U.S. national median of $179,400 in 2022. While the county's growth trajectory aligns with broader state and national trends, its current median value remains substantially lower, potentially presenting an attractive opportunity for investors and homebuyers seeking affordability with upward potential in this region.
Residential Energy Tax Credit Per Tax Return in Simpson County, MS Over the Last 9 Years
Simpson County, Mississippi, saw fluctuations in residential energy tax credits per tax return over the past nine years, peaking at $1,100.00 in 2018. This increase likely reflects growing investment in energy-efficient home improvements. Such data may interest investors and homebuilders looking to identify trends in sustainable housing demand. Potential movers and real estate agents might note the variability as indicative of evolving local priorities concerning energy efficiency. Insurance agents and appraisers could consider these figures when assessing property values and risk, demonstrating the community's responsiveness to energy-saving initiatives.
Average Real Estate Taxes Per Tax Return in Simpson County, MS Over the Last 10 Years
Simpson County, Mississippi, has seen a notable increase in real estate taxes over the last decade. In 2012, the average real estate taxes per tax return were about $1,113.64, which has risen to roughly $2,329.63 in 2021. This upward trend could reflect various factors such as rising property values or changes in tax rates. For investors, developers, and real estate professionals, such a consistent increase may imply a robust local market and potential for long-term property value appreciation. Homeowners and prospective buyers should consider the impact of rising taxes on affordability.
Percentage of Farm Returns in Simpson County, MS Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Simpson County, Mississippi shows a slight fluctuation, hovering mostly around the 6.0% mark, with minor peaks like 6.44% in 2017 and a low of 5.54% in 2020. Farm tax returns represent the proportion of residents who are reporting farm income, which can be an indicator of agricultural activity and economic stability in the region. This data could be crucial for potential investors or those looking to move to Simpson County, as it might signal consistency in the agricultural sector, arguably one of the county's economic backbones.
Number of Mortgages by Occupancy Type in Simpson County, MS Over the Last 5 Years in Simpson County
Over the past five years, Simpson County, Mississippi has seen a notable trend in mortgage patterns, particularly for principal residences, which surged from 722 in 2018 to 1126 in 2021, slightly dipping to 1054 in 2022. Meanwhile, investment property mortgages have slightly decreased, from 63 in 2018 to 55 in 2021, and second residence mortgages have remained consistently low. This shift toward more principal residences could indicate growing interest in settling down in the area, making it a potentially attractive market for those looking to invest in real estate. For appraisers and insurance agents, understanding these trends can help in more accurate property evaluations and risk assessments.
Economic Outlook
Simpson County, Mississippi has seen a general rise in average taxable income per tax return, climbing from $40,362.92 in 2013 to $49,143.63 in 2021. State and local income taxes have also surged, more than doubling from $4,088.61 in 2012 to $8,065.52 in 2021, particularly spiking from 2016 onward. Additionally, total tax liability per tax return has fluctuated over the past decade, peaking around $6,467.77 in 2021. These financial trends could be crucial considerations for investors,... Read more
Average Taxable Income per Tax Return in Simpson County, MS over the last 9 years
Over the past nine years, Simpson County, Mississippi has shown a general upward trend in average taxable income per tax return. With figures rising from $40,362.92 in 2013 to $49,143.63 in 2021, the county's growth in taxable income could potentially attract investors and homebuyers seeking promising economic conditions. Real estate agents, appraisers, and insurance agents might find this data indicates an improving local economy, which in turn could influence property values and demand. For those already living in or considering moving to Simpson County, these income trends might suggest a gradually increasing standard of living.
Average State and Local Income Taxes Per Tax Return in Simpson County, MS Over the Last 10 Years
Simpson County, Mississippi has experienced a notable increase in state and local income taxes per tax return over the past decade, spiking from $4,088.61 in 2012 to $8,065.52 in 2021. The most dramatic rise occurred between 2016 and 2018, with another significant jump every year since 2018. This trend might suggest growing fiscal demands or economic changes within the county, which could be crucial for potential investors, new residents, and property developers.
Average Total Tax Liability Per Tax Return in Simpson County, MS Over the Last 10 Years
Over the last decade, Simpson County, Mississippi has seen fluctuations in average total tax liability per tax return, with values ranging from around $5,587.86 to approximately $6,467.77. Noticeable peaks occurred in 2017 and 2018, where values hovered just above $6,000, followed by a slight dip in 2019, and then another spike reaching the highest average in 2021. These shifts could influence the financial planning and budgeting for potential investors, property developers, and real estate agents considering the area. Individuals and businesses might benefit from understanding these tax trends when evaluating long-term commitments in Simpson County.
Cost of Living in Simpson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,093 | $1,331 | $1,994 | $766 | $972 |
| 1 adult 4 children | $1,093 | $1,087 | $1,487 | $766 | $1,034 |
| 2 adults 3 children | $1,093 | $1,087 | $1,749 | $766 | $792 |
| 1 adult 3 children | $1,093 | $888 | $1,242 | $766 | $804 |
| 2 adults 2 children | $792 | $890 | $1,504 | $665 | $682 |
| 1 adult 2 children | $792 | $665 | $997 | $665 | $596 |
| 2 adults 1 child | $792 | $704 | $1,259 | $337 | $671 |
| 1 adult 1 child | $792 | $454 | $752 | $337 | $563 |
| 2 adults | $686 | $565 | $1,014 | $0 | $624 |
| 1 adult | $530 | $308 | $507 | $0 | $521 |
Safety trends & Data
Simpson County, Mississippi has seen low and stable property crime rates over the past three years, with only occasional incidents of larceny-theft, fraud, vandalism, and burglary. In particular, larceny-theft incidents were recorded just twice in both 2020 and 2022. This trend might make the area appealing for investors, real estate agents, and new residents who prioritize safety. Additionally, appraisers and insurance agents could potentially view these consistent crime rates as a positive... Read more
Property Crime Trends in Simpson County, MS Over the Last 3 Years
Simpson County, Mississippi has experienced relatively low property crime rates over the last three years with isolated occurrences of larceny-theft, fraud, vandalism, and burglary. Specifically, incidences of larceny-theft, the most frequent property crime, were recorded twice in both 2020 and 2022. This data could hint at generally stable but low crime rates, making the area potentially attractive for investors, real estate agents, and new residents who prioritize safety. For appraisers and insurance agents, the low and relatively consistent crime rates might influence property values and insurance premiums positively.
Demographics
Simpson County, Mississippi presents a slight majority female population and a notable diversity in educational attainment, with high school graduates and those with some college but no degree making up significant portions. The age distribution indicates a well-rounded populace, skewing slightly towards middle-aged groups. While White individuals form the bulk of the racial makeup, there's a meaningful presence of Black or African American residents, hinting at a moderately diverse... Read more
Race Distribution in Simpson County, Mississippi (2022)
Educational Attainment in Simpson County, Mississippi (2022)
Age Distribution in Simpson County, Mississippi
Citizen Population in Simpson County, Mississippi (2022)
Political Trends & Data
Simpson County, Mississippi, leans heavily Republican as evidenced by the 2020 U.S. Presidential Election results where the party captured around 64.6% of the vote. Democrats garnered about 34.2%, while minor parties like the Libertarian and Green barely made a dent. This strong conservative presence may influence local policy and voter engagement... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Simpson County, Mississippi, might lean heavily Republican, with the party capturing possibly around 64.6% of the vote in the 2020 U.S. Presidential Election. The Democrats trailed significantly with about 34.2%, and minor parties like the Libertarian and Green managed to gather negligible fractions. This could indicate a strong conservative presence, potentially impacting local policy and voter engagement dynamics within the county.
64.62% of voters voted for the Republican party in the 2020 Presidential Election
34.17% 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
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.60% of voters voted for the Other party in the 2020 Presidential Election
School Data
Simpson County, Mississippi's student-to-teacher ratio has varied over the past decade, peaking at 18 in 2018 and dropping to a low of 10 in 2023, generally staying below the national average of 14. For investors, this lower ratio might signify better educational outcomes, making the area more enticing for families and potentially boosting demand for housing. This data could help real estate agents and appraisers accentuate the county's strengths, while insurance professionals might see it as... Read more
Student-to-teacher ratio in Simpson County, Mississippi over the last 10 years
Simpson County, Mississippi's student-to-teacher ratio displayed notable fluctuations over the past decade, peaking at 18 in 2018 and reaching a low of 10 in 2023. This variable ratio can impact several key factors, including investment potential, property values, and even local amenities. For investors, a lower ratio might indicate better educational outcomes, making the area more appealing for families—thereby potentially driving demand for housing. Compared to the national average of 14 students per teacher, Simpson County generally maintains a lower ratio, which might be attractive to parents prioritizing personalized attention in education. Real estate agents and appraisors could find this data useful when highlighting the county's strengths or addressing concerns. Those in insurance might also infer lower risks associated with smaller class sizes due to potentially reduced incidents. Therefore, understanding these trends can provide a multifaceted view of the local economy and community appeal.
