Tippah County Real Estate and Livability Trends
Tippah County, Mississippi's median home values soared from $77,800 in 2015 to $117,100 in 2022, hinting at a strong real estate market ripe for investment. Rising real estate taxes, peaking at $2,883.33 in 2020, and fluctuations in the residential energy tax credit suggest dynamic economic conditions and a growing interest in sustainable living. The steady presence of principal residences amid a... Read more
Tippah County Market Trends
Median home values in Tippah County, Mississippi have doubled from $77,800 in 2015 to $117,100 in 2022, outpacing both state and national growth rates. This could indicate a promising market for investors and new homeowners. Despite fluctuations in the residential energy tax credit, peaks in recent years suggest increasing incentives for energy-efficient home improvements, potentially pointing to... Read more
Median Value of Occupied Housing Units in Tippah County, Mississippi Over the Last 8 Years
Median home values in Tippah County, Mississippi have shown an upward trajectory, doubling from $77,800 in 2015 to $117,100 in 2022. This growth rate surpasses the state average and even outpaces the national increase, indicating a significant appreciation in property values. Such trends could imply a robust, potentially lucrative market for investors and new homeowners. Comparing Tippah County's figures with the Mississippi state average of $151,000 and the national average of $179,400 for 2022, while still lower, suggests a higher rate of growth and potentially untapped investment opportunities.
Residential Energy Tax Credit Per Tax Return in Tippah County, MS Over the Last 8 Years
The residential energy tax credit per tax return in Tippah County, Mississippi has shown significant fluctuations over the last eight years, with noticeable peaks in 2019 at $625.00 and 2021 at $800.00. Although there were declines in 2016 and 2020, the general trend indicates increasing incentives for energy-efficient home improvements. These changes could suggest growing local interest in sustainable living and may offer various investment opportunities in energy-efficient solutions and real estate enhancements for potential homeowners and developers.
Average Real Estate Taxes Per Tax Return in Tippah County, MS Over the Last 10 Years
Over the last decade in Tippah County, Mississippi, real estate taxes per tax return have generally experienced an upward trajectory. Starting at around $1,390.10 in 2012, there was a notable increase, particularly spiking in 2018 to approximately $2,339.13 and peaking at $2,883.33 in 2020. While there was a slight dip in 2021 to $2,483.33, the overall trend suggests rising real estate taxes, which could impact investment decisions and property valuations. This upward movement might also influence insurance costs and appraisals, making it a critical consideration for investors, real estate agents, and potential homeowners in the area.
Percentage of Farm Returns in Tippah County, MS Over the Last 10 Years
Farm tax returns in Tippah County, Mississippi show a slight but steady fluctuation over the last decade, averaging around 5.8% to 6.2% annually. Farm tax returns refer to the portion of tax filings related to agricultural income, giving insight into the agricultural sector's contribution to the local economy. For potential investors or residents, this indicates consistent agricultural activity, suggesting stability in land use and a potentially reliable investment in farming properties. Recent years have seen a minor decline, which could signify changing economic dynamics or shifts in agricultural profitability, warranting a closer look for those considering agricultural investments or developments in the county.
Number of Mortgages by Occupancy Type in Tippah County, MS Over the Last 5 Years in Tippah County
Tippah County, located in Mississippi, shows a strong preference for principal residences, with a significant number of mortgages primarily geared towards such properties year over year. Investment properties, although trailing behind in volume, have shown a steady presence, indicating a potentially stable rental market. The relatively low and fluctuating number of second residences suggests they are not a primary driver in the local real estate landscape. These trends can guide investors in assessing the residential focus of the area, help appraisers and insurance agents understand market dynamics, and offer valuable insights for those looking to build or move to Tippah County. Real estate agents can leverage this data to target their marketing efforts effectively.
Economic Outlook
Tippah County, Mississippi has seen average taxable income per tax return rise from approximately $38,338.89 in 2013 to about $52,700.34 by 2021, with notable spikes in the last two years, suggesting economic growth and increasing local earning power. Meanwhile, average state and local income taxes have shown volatility, leaping from around $3,941.30 in 2012 to $26,927.78 in 2021, with significant increases in 2018 and 2019. This erratic pattern suggests fluctuating economic conditions or... Read more
Average Taxable Income per Tax Return in Tippah County, MS over the last 9 years
Tippah County, Mississippi has seen a notable upward trend in average taxable income per tax return over the past nine years, moving from approximately $38,338.89 in 2013 to about $52,700.34 in 2021. This steady increase suggests growing economic stability and potentially rising local earning power, which could be attractive to investors, real estate agents, and newcomers. The spike in 2020 and 2021, particularly to $47,882.66 and $52,700.34 respectively, might indicate recent economic developments or demographic changes that could be worth investigating further.
Average State and Local Income Taxes Per Tax Return in Tippah County, MS Over the Last 10 Years
Over the past decade, the average state and local income taxes per tax return in Tippah County, Mississippi, have shown quite a volatile trend. While starting modestly at around $3,941.30 in 2012, there was a significant jump to $26,927.78 by 2021. Notably, there were sharp increases in 2018 ($7,068.18) and 2019 ($11,021.05). This indicates fluctuating economic conditions or changing tax policies that those looking to invest or move to the area might want to consider.
Average Total Tax Liability Per Tax Return in Tippah County, MS Over the Last 10 Years
Over the last decade, Tippah County, Mississippi has experienced a notable increase in average total tax liability per tax return, from approximately $4,509.49 in 2012 to around $7,549.12 in 2021. This upward trend might indicate economic development, possibly making it more appealing for investment. The considerable jump in 2020 and 2021 could be due to various economic factors worth investigating. For those looking to invest, move, or work within real estate and insurance in Tippah County, understanding these trends can offer valuable insights for decision-making.
Cost of Living in Tippah County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,025 | $1,303 | $1,934 | $511 | $835 |
| 1 adult 4 children | $1,025 | $1,064 | $1,443 | $511 | $858 |
| 2 adults 3 children | $1,025 | $1,064 | $1,697 | $511 | $675 |
| 1 adult 3 children | $1,025 | $869 | $1,205 | $511 | $656 |
| 2 adults 2 children | $766 | $871 | $1,459 | $444 | $605 |
| 2 adults 1 child | $766 | $689 | $1,221 | $225 | $620 |
| 1 adult 2 children | $766 | $651 | $967 | $444 | $521 |
| 1 adult 1 child | $766 | $445 | $729 | $225 | $517 |
| 2 adults | $611 | $553 | $984 | $0 | $584 |
| 1 adult | $608 | $302 | $492 | $0 | $536 |
Demographics
In Tippah County, Mississippi, males slightly trail females in population numbers, and there’s a significant portion of residents with a high school education or some college experience. The age distribution shows a balanced spread across age groups, with noteworthy representation among those aged 35 to 54 years. The racial demographics are predominantly White, accompanied by a considerable African American community. This data could imply a relatively stable population with moderate... Read more
Race Distribution in Tippah County, Mississippi (2022)
Educational Attainment in Tippah County, Mississippi (2022)
Age Distribution in Tippah County, Mississippi
Citizen Population in Tippah County, Mississippi (2022)
Political Trends & Data
In Tippah County, Mississippi, the 2020 U.S. Presidential Election trends likely leaned heavily towards the Republican Party, capturing close to 80% of the vote, while the Democrat Party seemingly garnered around 19%. Third parties like the Libertarian and Green Parties seemed to have minimal impact, hinting at a strong two-party system and considerable voter loyalty to major parties. This conservative tilt could shape local policymaking and influence state-level political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tippah County, Mississippi, the Republican Party likely dominated the 2020 U.S. Presidential Election, capturing nearly 80% of the vote, whereas the Democrat Party might have only garnered around 19%. Third parties such as the Libertarian and Green Parties appeared to have had a minimal presence, potentially indicating a strong two-party system and voter loyalty to the major parties in this region. This trend could suggest a heavily conservative leaning within the county, which might shape local policymaking and influence state-level political dynamics.
79.73% of voters voted for the Republican party in the 2020 Presidential Election
19.17% of voters voted for the Democrat party in the 2020 Presidential Election
0.43% of voters voted for the Livertarian party in the 2020 Presidential Election
0.09% of voters voted for the Green party in the 2020 Presidential Election
0.58% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Tippah County, Mississippi, has decreased from nearly 13 students per teacher in 2014 to just under 10 in 2023, potentially offering a more favorable learning environment compared to the national average of 14. This trend could be important for property investors, movers, and educators, as it often implies more individualized attention for students and potentially higher quality education. For parents and real estate agents, this could be a noteworthy advantage... Read more
Student-to-teacher ratio in Tippah County, Mississippi over the last 10 years
The student-to-teacher ratio in Tippah County, Mississippi has shown a gradual decrease over the past decade, starting at nearly 13 students per teacher in 2014 and dropping to just under 10 in 2023. This trend indicates a more favorable learning environment compared to the current national average of 14 students per teacher. For those looking to invest in property, move to the area, or work in education, a lower student-to-teacher ratio often suggests more individualized attention for students and potentially higher quality education. This can be a significant factor for parents, educators, and real estate agents highlighting the benefits of the area.
