Tallahatchie County Real Estate and Livability Trends
Tallahatchie County, Mississippi, has witnessed interesting real estate trends. The median home value surged from $58,100 in 2015 to $83,400 in 2022, although this change was more erratic compared to the smoother statewide increase. The residential energy tax credits per tax return spiked significantly in 2018, hinting at a growing trend in energy-efficient home upgrades. Real estate taxes saw... Read more
Tallahatchie County Market Trends
The median home value in Tallahatchie County, Mississippi surged from $58,100 in 2015 to $83,400 in 2022, although this change was more erratic compared to Mississippi's smoother statewide increase. The residential energy tax credits per tax return also showed significant spikes, particularly in 2018, suggesting a growing trend in energy-efficient home upgrades. Real estate taxes in the county... Read more
Median Value of Occupied Housing Units in Tallahatchie County, Mississippi Over the Last 8 Years
The median home value in Tallahatchie County, Mississippi saw a substantial increase from $58,100 in 2015 to $83,400 in 2022, showing a relatively steady climb with a notable jump between 2021 and 2022. While Mississippi's statewide median value rose from $103,100 to $151,000 over the same period, Tallahatchie County's growth appears more volatile and less synchronized with the state's smoother trajectory. Nationally, the median home value escalated from $125,500 to $179,400 during these eight years, hence Tallahatchie County presents an interesting case for those looking to invest in areas experiencing rapid value changes compared to more stable statewide or national markets.
Residential Energy Tax Credit Per Tax Return in Tallahatchie County, MS Over the Last 9 Years
Over the past nine years, Tallahatchie County, Mississippi has seen a fluctuating trend in residential energy tax credits per tax return. Most notable is the significant spike in 2018 to $1200.00, which could imply a surge in energy-efficient home upgrades or favorable tax incentives. While the credit amounts dipped to $850.00 in 2019 and $775.00 in 2020, they still reflect a broader trend toward energy-conscious investments. For real estate agents and homeowners, these figures may hint at a community increasingly valuing sustainability, which could enhance property desirability and long-term value. Appraisers and insurance agents might take note of these investments as they potentially influence property valuations and risk assessments.
Average Real Estate Taxes Per Tax Return in Tallahatchie County, MS Over the Last 10 Years
Over the past decade, Tallahatchie County's real estate taxes have shown significant fluctuations. Starting at $1,228.57 in 2012, there was a general upward trend, peaking dramatically at $2,910.00 in 2020. Notable jumps occurred between 2017 and 2018, with taxes nearly doubling from $1,448.08 to $2,314.29. This volatility may suggest a changing property market, affecting potential investment strategies and insurance assessments. Real estate agents and appraisers might find these trends indicative of shifting local economic conditions that could influence property values and future tax rates.
Percentage of Farm Returns in Tallahatchie County, MS Over the Last 10 Years
Over the last decade in Tallahatchie County, Mississippi, farm tax returns have generally fluctuated around 5%, peaking at 5.86% in 2014 and hitting a low of 4.81% in 2020. Farm tax returns offer a glimpse into the agricultural health of the region, representing the proportion of income tax filings associated with farming. This data may be indicative of moderate stability in the agriculture sector, which can be a pivotal factor for investors, potential residents, and developers looking to engage with or understand the economic landscape of the county.
Number of Mortgages by Occupancy Type in Tallahatchie County, MS Over the Last 5 Years in Tallahatchie County
In Tallahatchie County, Mississippi, mortgage activity has consistently been driven by principal residences, with counts increasing from 177 in 2018 to 290 in 2021. Despite this, the number of mortgages for investment properties and second residences has remained relatively low and stable. This imbalance influences the market dynamics and investment strategies; those looking to invest in rental properties may find less competition but also potentially lower demand. For appraisers and insurance agents, the dominant focus on primary residences can simplify risk assessments and property valuations. Builders and real estate agents might prioritize catering to those seeking principal residences to maximize engagement. Understanding changes in occupancy type can provide nuanced insights, potentially impacting everything from local economic indicators to service demand.
Economic Outlook
Tallahatchie County, Mississippi has generally seen a steady rise in average taxable income per tax return, climbing from $33,873.35 in 2013 to $39,572.79 by 2021. Meanwhile, state and local income taxes have fluctuated markedly, peaking at $7,353.85 in 2021, reflecting local economic shifts or policy changes. Total tax liabilities have also varied, with notable highs like $5,791.67 in 2020 and lows such as $4,766.21 in 2019. These economic trends suggest potential opportunities for investors... Read more
Average Taxable Income per Tax Return in Tallahatchie County, MS over the last 9 years
Over the past nine years, Tallahatchie County, Mississippi has generally experienced a steady increase in average taxable income per tax return. In 2013, the average taxable income was around $33,873.35, but this gradually climbed, reaching about $39,572.79 by 2021. Notably, there was a significant jump from $36,630.87 in 2018 to $38,914.64 in 2020. This upward trend may indicate a gradually improving economic environment, which could appeal to investors, real estate agents, and potential residents looking for growth opportunities.
Average State and Local Income Taxes Per Tax Return in Tallahatchie County, MS Over the Last 10 Years
Over the last decade, state and local income taxes per tax return in Tallahatchie County, Mississippi, have shown significant fluctuations. Notably, there was a marked increase from 2018 onwards, peaking in 2021 at $7,353.85. This trend may reflect changes in local economic conditions, policy adjustments, or demographic shifts, indicating potential volatility and opportunities for those considering investments or relocation.
Average Total Tax Liability Per Tax Return in Tallahatchie County, MS Over the Last 10 Years
In Tallahatchie County, Mississippi, the average total tax liability per tax return has shown variability over the past decade, with peaks and valleys indicating changes in economic conditions or shifts in tax policies. While numbers peaked to $5,454.77 in 2017 and surged to $5,791.67 in 2020, they have also seen decreases, falling to as low as $4,766.21 in 2019. These fluctuations could be crucial for evaluating the impact on property values and financial planning for potential investors, residents, and professionals like real estate agents and appraisers.
Cost of Living in Tallahatchie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,000 | $1,363 | $1,877 | $441 | $821 |
| 1 adult 4 children | $1,000 | $1,113 | $1,400 | $441 | $832 |
| 2 adults 3 children | $1,000 | $1,114 | $1,646 | $441 | $658 |
| 1 adult 3 children | $1,000 | $909 | $1,169 | $441 | $631 |
| 2 adults 2 children | $766 | $912 | $1,416 | $389 | $598 |
| 2 adults 1 child | $766 | $721 | $1,185 | $220 | $613 |
| 1 adult 2 children | $766 | $681 | $938 | $389 | $512 |
| 2 adults | $678 | $579 | $955 | $0 | $598 |
| 1 adult 1 child | $766 | $465 | $708 | $220 | $507 |
| 1 adult | $643 | $316 | $477 | $0 | $535 |
Safety trends & Data
Tallahatchie County, Mississippi, has seen varied property crime trends over the last three years, with vandalism remaining consistent and larceny-theft peaking in 2020. Burglary cases doubled from 2020 to 2022, and new crimes like embezzlement and forgery appeared in 2022. Investors and residents might appreciate the low overall crime rates, while the diversity in offenses could be crucial for appraisers and insurance agents evaluating... Read more
Property Crime Trends in Tallahatchie County, MS Over the Last 3 Years
Over the last three years, Tallahatchie County, Mississippi, has seen a relatively small but diverse range of property crimes. Notably, vandalism showed some consistency, occurring each year. Larceny-theft appears the most frequently, peaking in 2020 and maintaining a steady presence. Burglary incidents doubled from 2020 to 2022, while new crime categories like embezzlement and forgery emerged in 2022. Investors and residents might find the area's low overall crime rates appealing, but the varied nature of offenses could interest appraisers and insurance agents assessing risk.
Demographics
Tallahatchie County in Mississippi shows a demographic skew where males slightly outnumber females. The educational landscape suggests a significant portion of the population hasn't progressed beyond high school, which could hint at a need for local educational initiatives. The age distribution indicates a younger demographic with a noticeable number under 44, potentially affecting workforce dynamics and local services. In terms of racial makeup, African American residents form the bulk, which... Read more
Race Distribution in Tallahatchie County, Mississippi (2022)
Educational Attainment in Tallahatchie County, Mississippi (2022)
Age Distribution in Tallahatchie County, Mississippi
Citizen Population in Tallahatchie County, Mississippi (2022)
Political Trends & Data
Tallahatchie County, Mississippi, had a notable political shift in the 2020 U.S. Presidential Election, with approximately 54.6% of votes going to Democrats and around 43.8% to Republicans, hinting at potential diversification in voter preferences. Third-party votes were minimal, collectively contributing only a small fraction, which underscores the dominant presence of the two major parties. This evolving landscape may influence future policy directions and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Tallahatchie County, Mississippi, saw a higher percentage of votes for the Democratic party compared to the Republican party in the 2020 U.S. Presidential Election. While Democrats garnered approximately 54.6% of the votes, Republicans received around 43.8%. Third-party votes, including Libertarian and Green, were minimal, collectively making up only a small fraction of the total. This trend may suggest a shift or diversification in the county’s political landscape.
43.76% of voters voted for the Republican party in the 2020 Presidential Election
54.62% 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
0.26% of voters voted for the Green party in the 2020 Presidential Election
1.00% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, the student-to-teacher ratio in Tallahatchie County, Mississippi fluctuated considerably, peaking at 15 students per teacher in 2017 and hitting a low of 8 students per teacher in 2019. A lower student-to-teacher ratio, often below the national average of 14, may indicate more individualized attention for students, potentially enhancing educational outcomes and making the area more attractive to families. However, the dip in ratios might also reflect a shifting or unstable... Read more
Student-to-teacher ratio in Tallahatchie County, Mississippi over the last 10 years
Over the last decade, the student-to-teacher ratio in Tallahatchie County, Mississippi fluctuated considerably, peaking at 15 students per teacher in 2017 and hitting a low of 8 students per teacher in 2019. This trend provides a unique context for investors, potential residents, appraisers, insurance agents, builders, and real estate agents. A lower student-to-teacher ratio, often below the national average of 14, may indicate more individualized attention for students, potentially enhancing educational outcomes and making the area more attractive to families. However, the dip in ratios might also reflect a changing or unstable student population, which stakeholders should consider when evaluating the region's long-term growth and stability.
