Tate County Real Estate and Livability Trends
Tate County, Mississippi’s housing market has been on the rise, with median home values skyrocketing from $110,200 in 2015 to $163,700 by 2022, significantly outpacing state and national trends. This substantial increase, especially noticeable after 2020, could suggest intriguing investment opportunities or shifts in local demographics. The surge in real estate taxes, climbing to $2,710.00 in... Read more
Tate County Market Trends
Tate County, Mississippi has seen median home values jump from $110,200 in 2015 to $163,700 by 2022, outpacing both the state and national averages. The marked increase, especially post-2020, hints at compelling investment opportunities or changing local dynamics. Notable fluctuations in residential energy tax credits, like a peak of $1,400.00 in 2018, might indicate waves of energy-efficient... Read more
Median Value of Occupied Housing Units in Tate County, Mississippi Over the Last 8 Years
Tate County, Mississippi has experienced a surge in median home values from $110,200 in 2015 to $163,700 by 2022, representing a significant increase compared to the broader state and national figures. Mississippi's statewide median home value rose moderately from $103,100 to $151,000 over the same period, while the national median saw a rise from $125,500 to $179,400. The sharp rise within Tate County, particularly post-2020, may suggest emerging investment opportunities or shifting local dynamics that outperform overall state growth.
Residential Energy Tax Credit Per Tax Return in Tate County, MS Over the Last 9 Years
Tate County, Mississippi has exhibited notable variability in residential energy tax credits over the last nine years. The average credit per tax return saw a significant peak in 2018 at $1,400.00, reflecting potential boosts in energy-efficient investments or incentives. A subsequent dip to $787.50 in 2019 suggests fluctuating adoption rates or policy changes. Recent figures, like the $976.92 in 2021, might indicate a steady rise in homeowners investing in energy improvements. These trends could be crucial for real estate agents, investors, or builders considering energy efficiency's growing role in property valuation and desirability.
Average Real Estate Taxes Per Tax Return in Tate County, MS Over the Last 10 Years
Real estate taxes in Tate County, Mississippi have shown a general upward trend over the past decade, with a notable increase from an average of $2,028.99 per tax return in 2012 to $2,710.00 in 2021. The sharp rise observed starting in 2017, peaking at $2,783.61 in 2019, could indicate increasing property values or changes in local tax policies. These trends might signal potential challenges for prospective homebuyers and current homeowners but could also reflect positively on the area's growth and investment opportunities.
Percentage of Farm Returns in Tate County, MS Over the Last 10 Years
Over the past decade, the percentage of farm returns in Tate County, Mississippi has seen slight variations, averaging around 4%. The peak occurred in 2016 at approximately 4.43%, while the lowest point was in 2019 at about 3.65%. Farm tax returns represent the financial health and viability of agricultural pursuits within the county, indicating trends in profitability and investment in farming. These figures can be critical for stakeholders looking to gauge the agricultural economy in Tate County, offering insights into potential investment opportunities and land value trends.
Number of Mortgages by Occupancy Type in Tate County, MS Over the Last 5 Years in Tate County
In Tate County, Mississippi, the number of mortgages for principal residences has shown growth, peaking in 2021 with 1,649 mortgages but recently dropped to 1,127 in 2022. Investment property mortgages have steadily decreased from 86 in 2018 to 42 in 2022. Second residences remain a niche market, barely fluctuating around single digits. These trends possibly indicate a shifting focus towards homeownership over investment among residents, which might signal a more stable, less speculative property market. For investors, this could mean fewer opportunities for high-return investments, while potential homebuyers could benefit from a more predictable and grounded market landscape. Insurance agents and appraisers may find the insights on property usage valuable for risk assessment and valuation. Real estate agents and developers should consider this shift in demand when marketing or planning new projects.
Economic Outlook
In Tate County, Mississippi, the average taxable income per tax return has risen steadily from $42,023.79 in 2013 to $54,594.19 in 2021, hinting at gradual economic growth and a more stable financial landscape. State and local income taxes also saw an overall increase, jumping from $3,900.00 in 2012 to $6,717.78 in 2021. This boost in taxes could reflect underlying economic changes, potentially impacting the cost of living and investment allure. With an uptick in the average total tax liability... Read more
Average Taxable Income per Tax Return in Tate County, MS over the last 9 years
Over the past nine years, the average taxable income per tax return in Tate County, Mississippi has shown a consistent upward trend. This steady increase, from $42,023.79 in 2013 to $54,594.19 in 2021, may point to gradual economic growth and an improving financial landscape for residents. For investors, real estate agents, and builders, this could imply a rising local market with potential for higher returns. Appraisers and insurance agents might also notice the evolving economic status, potentially affecting property values and insurance premiums in the area.
Average State and Local Income Taxes Per Tax Return in Tate County, MS Over the Last 10 Years
Average state and local income taxes per tax return in Tate County, Mississippi, have experienced a general upward trend over the last decade. Starting at $3,900.00 in 2012, they showed modest fluctuations before substantially increasing to $6,717.78 by 2021. This rise in taxes may be linked to economic changes, possibly affecting cost of living and investment appeal in the region.
Average Total Tax Liability Per Tax Return in Tate County, MS Over the Last 10 Years
Over the past decade, Tate County, Mississippi has experienced a generally upward trend in average total tax liability per tax return, peaking at approximately $7,225.52 in 2021. The noticeable increase from $5,633.21 in 2012 suggests potential economic growth or changes in income levels within the area. This trend may interest investors and real estate agents seeking insight into the evolving financial landscape, while insurance agents and appraisers might see it as a factor when assessing property values and premiums. Those considering a move to Tate County should factor these tax trends into their budgeting plans.
Cost of Living in Tate County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,017 | $1,319 | $1,951 | $798 | $967 |
| 1 adult 4 children | $1,017 | $1,077 | $1,455 | $798 | $1,031 |
| 2 adults 3 children | $1,017 | $1,078 | $1,711 | $798 | $789 |
| 1 adult 3 children | $1,017 | $880 | $1,215 | $798 | $776 |
| 2 adults 2 children | $773 | $882 | $1,471 | $693 | $680 |
| 1 adult 2 children | $773 | $659 | $975 | $693 | $594 |
| 2 adults 1 child | $773 | $697 | $1,232 | $351 | $665 |
| 1 adult 1 child | $773 | $450 | $736 | $351 | $556 |
| 2 adults | $684 | $560 | $992 | $0 | $619 |
| 1 adult | $599 | $305 | $496 | $0 | $532 |
Safety trends & Data
Property crime in Tate County, Mississippi, has surged, with burglary incidents jumping from 1 to 9 and larceny-theft cases skyrocketing from 1 to 27 between 2021 and 2022. Motor vehicle thefts also increased, growing from 2 to 7, while vandalism cases saw a slight rise from 2 to 3. New crime categories in 2022, such as embezzlement, fraud, and stolen property, each recorded a single case. These trends could influence property valuations and insurance premiums but also present opportunities for... Read more
Property Crime Trends in Tate County, MS Over the Last 2 Years
Property crime in Tate County, Mississippi, has seen a notable increase from 2021 to 2022. Burglary incidents jumped from 1 to 9, while larceny-theft surged from 1 to 27. There was also a rise in motor vehicle thefts, growing from 2 in 2021 to 7 in 2022, and vandalism cases slightly increased from 2 to 3. The data for 2022 introduced new categories with embezzlement, fraud, and stolen property each recording a single case. These trends could impact property valuations and insurance premiums but might also offer opportunities for security-focused businesses or real estate professionals to provide services or advice tailored to mitigating these risks.
Demographics
Tate County, Mississippi shows an interesting demographic, with a roughly equal distribution between males and females but a slight leaning towards a higher female population. Education-wise, high school graduates form the substantial base, with a significant portion having some college education or higher degrees, indicating a potential for higher employment rates. The age distribution reveals a balanced mix but leans towards a more substantial younger population under 10 years and a notable... Read more
Race Distribution in Tate County, Mississippi (2022)
Educational Attainment in Tate County, Mississippi (2022)
Age Distribution in Tate County, Mississippi
Citizen Population in Tate County, Mississippi (2022)
Political Trends & Data
In Tate County, Mississippi, the 2020 U.S. Presidential Election might have showcased a significant Republican dominance with approximately 66.5% support, while Democratic votes seemed to lag at around 32%. Minor parties like the Libertarian and Green parties barely registered, indicating a strong two-party system entrenched in this area. This conservative leaning could be pivotal for strategists looking to either shift or solidify voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tate County, Mississippi, Republican support possibly dominated the 2020 U.S. Presidential Election with around 66.5% of the vote, while Democrats seemed to trail significantly at approximately 32%. Minor parties like the Libertarian and Green parties barely made a dent, suggesting a deeply entrenched two-party system in this region. Understanding these proportions might highlight the strong conservative leaning in this county and could be crucial for strategists aiming to shift or reinforce voter bases.
66.50% of voters voted for the Republican party in the 2020 Presidential Election
31.95% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% of voters voted for the Green party in the 2020 Presidential Election
0.79% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Tate County, Mississippi, has seen student-to-teacher ratios decrease from 17 in 2016 to 10 in 2023. This trend, especially from 2020 to 2023, suggests smaller class sizes, potentially leading to better educational outcomes. Compared to the national average of 14 students per teacher, Tate County's ratios offer an increasingly favorable environment for families with school-aged children. Real estate agents, investors, and education professionals might see this as a sign of... Read more
Student-to-teacher ratio in Tate County, Mississippi over the last 10 years
Over the past decade, Tate County, Mississippi, has seen a notable shift in its student-to-teacher ratios, ranging from a high of 17 students per teacher in 2016 to a low of 10 students per teacher in 2023. This decreasing trend, particularly significant from 2020 to 2023, could imply smaller class sizes which may lead to more personalized attention for students and potentially better educational outcomes. Compared to the national average of 14 students per teacher, Tate County's current ratio suggests it is increasingly favorable for new families or those with school-aged children considering relocation. Real estate agents, investors, and education professionals might find this data particularly relevant when assessing the area's appeal and potential growth in educational infrastructure.
