Sunflower County Real Estate and Livability Trends
In Sunflower County, Mississippi, the average taxable income per tax return has increased from $33,361.19 in 2013 to $42,339.57 in 2021, hinting at improving economic stability. Median home values have climbed from $70,000 in 2015 to $103,800 in 2022, though they still lag behind state and national medians. Real estate taxes rose to $2,596.97 in 2021 from $1,558.25 in 2012, suggesting either... Read more
Sunflower County Market Trends
Sunflower County, Mississippi has experienced a steady rise in median home values, going from $70,000 in 2015 to $103,800 in 2022, still falling below state and national medians. The average residential energy tax credit per tax return shows variable trends, peaking at $1,140.00 in 2018 and stabilizing around $700.00-$750.00, reflecting a growing interest in energy-efficient home improvements.... Read more
Median Value of Occupied Housing Units in Sunflower County, Mississippi Over the Last 8 Years
Sunflower County, Mississippi has experienced a steady increase in median home values over the past eight years, climbing from $70,000 in 2015 to $103,800 in 2022. This growth trend, though significant, still places Sunflower County below both state and national medians, with Mississippi's median value reaching $151,000 by 2022 and the national median hitting $179,400 in the same year. Investors and prospective homeowners may find Sunflower County's comparatively lower median values appealing, offering potential opportunities for more affordable entry points relative to broader market trends.
Residential Energy Tax Credit Per Tax Return in Sunflower County, MS Over the Last 9 Years
The average residential energy tax credit per tax return in Sunflower County, Mississippi shows substantial variability over the past 9 years. Observing a peak at $1,140.00 in 2018, the highest recorded, the figures indicate a notable rise from earlier years like 2013's $300.00. Despite fluctuations, the recent years have stabilized around the $700.00-$750.00 range. This trend seems to reflect increasing investments in energy-efficient home improvements, which might attract potential investors and homeowners seeking tax benefits and sustainability. Real estate agents, appraisers, and insurance agents may find these patterns critical for advising clients on property enhancements and their economic implications.
Average Real Estate Taxes Per Tax Return in Sunflower County, MS Over the Last 10 Years
Sunflower County, Mississippi has seen a notable trend in increasing real estate taxes over the last decade. From an average of $1,558.25 per tax return in 2012 to $2,596.97 in 2021, the upward trajectory could suggest rising property values or changes in tax policies. Significant jumps, particularly in 2018 and 2019, might indicate economic developments or reinvestment in the area. For investors, real estate agents, and builders, this trend could signal a growing market with potential tax implications. Appraisers and insurance agents might also consider these changes when evaluating property values or determining premiums.
Percentage of Farm Returns in Sunflower County, MS Over the Last 10 Years
Over the past decade, Sunflower County, Mississippi has seen variances in farm tax returns, fluctuating between approximately 1.55% to just above 2.12%. There was a noticeable dip in 2019 and 2020 where returns hit around 1.55% and 1.54% respectively. Farm tax returns, typically reflective of agricultural profitability, provide valuable insights for potential investors and property developers considering the region. Understanding these trends can help assess the economic health and potential growth opportunities in Sunflower County.
Number of Mortgages by Occupancy Type in Sunflower County, MS Over the Last 5 Years in Sunflower County
Over the past five years, Sunflower County, Mississippi has seen fluctuating trends in mortgage counts by occupancy type. Investment property mortgages have steadily decreased from 110 in 2018 to 64 in 2022. Principal residence mortgages, on the other hand, showed a significant increase from 420 in 2019 to 598 in 2021, though they saw a drop to 487 in 2022. Second residence mortgages remained consistently low, with little variation year over year. These changes in occupancy type are crucial for investors, real estate agents, and others interested in the area's property market as they hint at shifting buyer priorities and market stability. For appraisers and insurance agents, understanding the rise or decline in certain mortgage types can influence property valuations and risk assessments, respectively.
Economic Outlook
In Sunflower County, Mississippi, the average taxable income per tax return has gradually risen from $33,361.19 in 2013 to $42,339.57 in 2021. This steady yet modest growth could suggest improving economic stability, attracting potential investors and individuals considering relocating. On the flip side, the average state and local income taxes have shown significant variability, jumping to $7,876.47 in 2021 from $4,272.55 in 2012. These shifts might reflect local policy changes or economic... Read more
Average Taxable Income per Tax Return in Sunflower County, MS over the last 9 years
Over the last nine years, average taxable income per tax return in Sunflower County, Mississippi has seen a gradual rise, progressing from $33,361.19 in 2013 to $42,339.57 in 2021. This generally upward trend might indicate a growing economic stability or improved employment conditions in the area, which could be appealing for potential investors or those considering relocation. However, income growth hasn't been exceptionally rapid, suggesting a relatively steady but modest increase in local incomes. For real estate agents and property developers, this could signal a cautious yet potentially rewarding environment, reflecting gradual economic improvements rather than volatile changes.
Average State and Local Income Taxes Per Tax Return in Sunflower County, MS Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Sunflower County, Mississippi have shown significant variability. From a low of $4,272.55 in 2012, the tax amounts have seen sharp increases, peaking at $7,876.47 in 2021. Notable spikes occurred in 2013, 2018, and each subsequent year from 2019 onward, possibly reflecting economic changes, shifts in local policy, or demographic trends. This rising trajectory could impact decisions for prospective investors, new residents, and current homeowners alike.
Average Total Tax Liability Per Tax Return in Sunflower County, MS Over the Last 10 Years
Sunflower County, Mississippi has seen fluctuations in average total tax liability per tax return over the last decade, with values ranging from a low around $5,991.90 to a high near $6,948.22. Notable peaks occurred in 2012 and 2020, while recent years have seen more moderate liabilities. This variability offers potential insights for investors, property developers, and finance professionals examining economic trends and cost of living impacts in the area.
Cost of Living in Sunflower County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $932 | $1,416 | $1,877 | $530 | $793 |
| 2 adults 3 children | $932 | $1,156 | $1,646 | $530 | $627 |
| 1 adult 4 children | $932 | $1,156 | $1,400 | $530 | $791 |
| 1 adult 3 children | $932 | $944 | $1,169 | $530 | $590 |
| 2 adults 2 children | $766 | $947 | $1,416 | $466 | $585 |
| 2 adults 1 child | $766 | $748 | $1,185 | $260 | $599 |
| 1 adult 2 children | $766 | $707 | $938 | $466 | $496 |
| 1 adult 1 child | $766 | $483 | $708 | $260 | $491 |
| 2 adults | $582 | $601 | $955 | $0 | $549 |
| 1 adult | $512 | $328 | $477 | $0 | $474 |
Safety trends & Data
Sunflower County, Mississippi, has seen varying property crime trends over the past three years which could impact real estate decisions. Burglary incidents peaked in 2021 with 4.0 arrests, up from 3.0 in 2020, before dropping to 2.0 in 2022. Embezzlement arrests were noted only in 2020, and there was 1.0 arrest for stolen property in 2021. These fluctuations could influence property values and insurance rates, making it crucial for investors and homebuyers to consider these... Read more
Property Crime Trends in Sunflower County, MS Over the Last 3 Years
Sunflower County, Mississippi, has experienced fluctuating property crime trends over the past three years. Burglary incidents peaked in 2021 with 4.0 arrests, a slight increase from 3.0 in 2020, then dipped to 2.0 arrests in 2022. Embezzlement was reported only in 2020 with 2.0 arrests, while 2021 saw 1.0 arrest for stolen property offenses. These variations are essential for potential investors, real estate agents, and those considering a move, as they may influence property values and insurance rates.
Demographics
Sunflower County, Mississippi shows a slight male majority in its adult population. Educational attainment reveals a significant portion of residents have completed high school, though fewer have pursued higher education degrees. The age distribution suggests a relatively youthful population with a notable number of people in their prime working years (25 to 34 years), which might be beneficial for local labor markets. Racially, the community is predominantly Black or African American, which... Read more
Race Distribution in Sunflower County, Mississippi (2022)
Educational Attainment in Sunflower County, Mississippi (2022)
Age Distribution in Sunflower County, Mississippi
Citizen Population in Sunflower County, Mississippi (2022)
Political Trends & Data
Sunflower County, Mississippi observed about 70% of its votes likely leaning toward the Democratic candidate in the 2020 U.S. Presidential Election, with the Republican candidate capturing around 29%. The remaining votes for third-party candidates were minimal, collectively under 2%. This strong Democratic presence might impact local and state election... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sunflower County, Mississippi saw a significant majority of its votes likely going to the Democratic candidate in the 2020 U.S. Presidential Election, with an estimated 70% of the vote. The Republican candidate appeared to have garnered around 29%, while third-party candidates such as the Libertarian and Green parties, along with other minor parties, made up a negligible portion of the vote, collectively less than 2%. This trend suggests that Sunflower County may lean heavily Democratic in its political alignment, potentially influencing local and state elections.
28.91% of voters voted for the Republican party in the 2020 Presidential Election
70.04% of voters voted for the Democrat party in the 2020 Presidential Election
0.19% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
0.71% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sunflower County, Mississippi's student-to-teacher ratio has trended downward over the past decade, dropping from 15 students per teacher in 2018 to about 12 in 2023. This lower ratio compared to the national average of 14 students per teacher might appeal to families seeking more individualized attention for their children, possibly enhancing academic outcomes. Real estate agents might see this as a selling point for families looking to relocate, while appraisers and insurance agents could... Read more
Student-to-teacher ratio in Sunflower County, Mississippi over the last 10 years
Over the past decade, Sunflower County, Mississippi has seen its student-to-teacher ratio fluctuate but ultimately trend downward, moving from a high of about 15 students per teacher in 2018 to around 12 in 2023. This is lower than the current national average of 14 students per teacher, which could suggest more individualized attention for students, potentially leading to better academic outcomes. For real estate agents and potential investors, this might indicate an appealing factor for families considering relocating to the area. Similarly, appraisers and insurance agents could view the lower ratios as a signal of a more stable and attractive community.
