Tishomingo County Real Estate and Livability Trends
Tishomingo County, Mississippi, reveals compelling trends for real estate stakeholders. The median home values have risen from $76,600 in 2015 to $123,100 in 2022, outpacing state growth although still lagging behind national averages. Coupled with a doubling of real estate taxes and an uptick in second homes during the pandemic, the market suggests evolving needs possibly driven by remote work.... Read more
Tishomingo County Market Trends
Tishomingo County, Mississippi has seen its median home values climb from $76,600 in 2015 to $123,100 in 2022. This trajectory, which outpaces state growth but remains below national figures, could attract investors seeking emerging opportunities and first-time buyers looking for affordability. Real estate taxes in the county have doubled over the past decade, reflecting possible growth in... Read more
Median Value of Occupied Housing Units in Tishomingo County, Mississippi Over the Last 8 Years
Tishomingo County, Mississippi has seen its median home values climb from $76,600 in 2015 to $123,100 in 2022. This growth trajectory is quite significant compared to the state median, which started at $103,100 in 2015 and reached $151,000 in 2022. While both trends show upward movement, Tishomingo County's growth might be particularly appealing for investors seeking emerging opportunities. On a national level, median home values rose from $125,500 to $179,400 over the same period. This suggests Tishomingo County's market remains substantially more affordable, which could be advantageous for first-time homebuyers or those looking to stretch their dollar further.
Residential Energy Tax Credit Per Tax Return in Tishomingo County, MS Over the Last 8 Years
Over the past eight years, Tishomingo County, Mississippi has seen fluctuating residential energy tax credits, ranging from a low of $275.00 in 2016 to a high of $450.00 in 2021. This variability might signal opportunities for savvy investors and homeowners to benefit from energy-saving improvements. Knowing these trends could help insurance agents and property appraisers forecast potential changes in property value based on energy efficiency investments. For real estate agents and those looking to build property, these credits can be a selling point, enticing buyers who are environmentally conscious or looking to save on future taxes.
Average Real Estate Taxes Per Tax Return in Tishomingo County, MS Over the Last 10 Years
Over the last decade, Tishomingo County, Mississippi has seen a notable increase in real estate taxes per tax return. Starting at $1,025.53 in 2012, these taxes have risen steadily, peaking at $2,141.18 in 2020 before slightly leveling off to $2,056.25 in 2021. This upward trend might be of interest to potential investors and homebuyers as it reflects possible growth in property values. Real estate agents and appraisers could view these figures as indicative of a robust or appreciating market, while insurance agents might consider these changes when assessing property risks. Property developers need to take these tax trends into account when planning new projects or renovations.
Percentage of Farm Returns in Tishomingo County, MS Over the Last 10 Years
Farm tax returns in Tishomingo County, Mississippi, fluctuate slightly over the last decade, averaging around 3%. Understanding farm tax returns could hint at the economic health of the agricultural sector in the area, which is crucial for anyone looking to invest in, move to, or develop property in Tishomingo County. Given the stability in these percentages, it might suggest that farming maintains a steady contribution to the local economy, potentially making it a reliable sector for investment. Or it could mean that farming retains a consistent presence without significant growth, which is important for economic planning.
Number of Mortgages by Occupancy Type in Tishomingo County, MS Over the Last 5 Years in Tishomingo County
Principal residence mortgages have consistently dominated Tishomingo County, Mississippi, over the past five years, recording a gradual increase from 506 in 2018 to 645 in 2021, before tapering slightly to 618 in 2022. Second residence mortgages showed a noticeable spike in 2020 and 2021, hinting at possibly increased interest in vacation homes during this period, possibly driven by remote work trends. Investment property mortgages remained relatively stable, with a minor uptick in 2019 and 2021, suggesting a cautiously steady interest from investors. Shifts in occupancy type can indicate changing dynamics and economic health of the region; for instance, a rise in principal residences could imply a growing local population or increased settlement, while fluctuations in second residences and investment properties may reflect broader economic factors or market confidence. These trends are crucial for stakeholders as they highlight evolving housing demands and potential areas of investment within the locality.
Economic Outlook
Tishomingo County, Mississippi has experienced consistent growth in average taxable income per tax return over the past nine years, rising from $39,802.30 in 2013 to $53,715.91 in 2021. This increasing affluence hints at economic progress and could lead to higher property values and stronger real estate demand. However, the average state and local income taxes have also increased significantly, from $3,842.11 in 2012 to $6,512.50 in 2021, with a notable jump between 2017 and 2018. As a... Read more
Average Taxable Income per Tax Return in Tishomingo County, MS over the last 9 years
Tishomingo County, Mississippi has witnessed a steady rise in average taxable income per tax return over the past nine years, climbing from approximately $39,802.30 in 2013 to around $53,715.91 in 2021. This upward trend suggests economic growth and potentially increasing prosperity in the area, making it an attractive prospect for investors, real estate agents, and those considering moving to the region. Additionally, the rise in average taxable income might mean higher property values and potentially increased demand for insurance coverage.
Average State and Local Income Taxes Per Tax Return in Tishomingo County, MS Over the Last 10 Years
Over the past decade, Tishomingo County in Mississippi has seen a noticeable upward trend in average state and local income taxes per tax return, increasing from about $3,842.11 in 2012 to roughly $6,512.50 in 2021. A significant spike occurred between 2017 and 2018, where taxes jumped from approximately $4,285.54 to $6,252.94. For potential investors and residents, it might be insightful to consider how this rising tax environment could impact cost of living, property investment returns, and overall economic growth in the county.
Average Total Tax Liability Per Tax Return in Tishomingo County, MS Over the Last 10 Years
Over the last decade, Tishomingo County, Mississippi has seen a fluctuating yet generally upward trend in average total tax liability per tax return. Starting at approximately $5,169.49 in 2012, there were minor declines in subsequent years but overall growth, peaking significantly in 2021 at around $6,679.66. This pattern suggests increasing tax burdens which could impact the affordability and attractiveness for potential residents or investors. Such an upward trend in tax liabilities could also influence property valuations, insurance premiums, and economic planning within the county.
Cost of Living in Tishomingo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,037 | $1,275 | $1,877 | $459 | $807 |
| 1 adult 4 children | $1,037 | $1,041 | $1,400 | $459 | $822 |
| 2 adults 3 children | $1,037 | $1,041 | $1,646 | $459 | $650 |
| 1 adult 3 children | $1,037 | $850 | $1,169 | $459 | $629 |
| 2 adults 2 children | $766 | $853 | $1,416 | $405 | $583 |
| 2 adults 1 child | $766 | $674 | $1,185 | $229 | $603 |
| 1 adult 2 children | $766 | $637 | $938 | $405 | $503 |
| 2 adults | $678 | $541 | $955 | $0 | $593 |
| 1 adult 1 child | $766 | $435 | $708 | $229 | $504 |
| 1 adult | $643 | $295 | $477 | $0 | $538 |
Safety trends & Data
Tishomingo County, Mississippi has experienced a fluctuating trend in property crime over the last five years, with notable implications for investors, residents, and real estate professionals. While burglary incidents peaked in 2018 at 14.00, they've decreased significantly to 6.00 by 2022. Larceny-theft cases have also dropped markedly, from 20.00 in 2018 to 6.00 in 2022. Motor vehicle thefts showed variation but stayed low, peaking at 8.00 in 2020. However, vandalism has seen a slight... Read more
Property Crime Trends in Tishomingo County, MS Over the Last 5 Years
Tishomingo County, Mississippi has seen a fluctuating trend in property crime over the past five years with key takeaways for potential investors, residents, and real estate professionals. Burglary incidents peaked in 2018 and have generally declined since, with 14.0 reported in 2018 and only 6.0 in 2022. Larceny-theft showed a marked decrease, from 20.0 cases in 2018 to 6.0 cases in 2022. Motor vehicle thefts saw variation but remained relatively low, peaking at 8.0 in 2020. Instances of vandalism have been sporadic but slightly increased, indicating potential areas of concern for insurance agents and property developers. Additionally, the presence of arson rose slightly by 2022, which could be a red flag for potential homeowners and investors. This nuanced understanding of crime trends is crucial for making informed decisions about property investments and community safety measures.
Demographics
Tishomingo County, Mississippi shows a slight gender imbalance, with a few more women than men. The area displays a diverse range of educational attainment, with a significant portion of the population having at least some college experience. Age-wise, the largest groups are concentrated in the 55 to 64 and 45 to 54 year categories, possibly highlighting a mature demographic. Racially, the county is predominantly White, with small but present minority populations. These trends could potentially... Read more
Race Distribution in Tishomingo County, Mississippi (2022)
Educational Attainment in Tishomingo County, Mississippi (2022)
Age Distribution in Tishomingo County, Mississippi
Citizen Population in Tishomingo County, Mississippi (2022)
Political Trends & Data
Tishomingo County in Mississippi demonstrated a notable preference for the Republican party in the 2020 U.S. Presidential Election, with nearly 87% of the votes. By contrast, the Democrat party received around 12%, highlighting a considerable disparity. Minor parties like the Libertarian and Green parties gained minimal traction, each securing less than 1% of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Tishomingo County in Mississippi showed a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, capturing nearly 87% of the votes. The Democrat party received approximately 12%, reflecting a significant disparity. Minor parties like the Libertarian and Green parties garnered minimal support, with less than 1% of the vote each.
86.81% of voters voted for the Republican party in the 2020 Presidential Election
11.59% of voters voted for the Democrat party in the 2020 Presidential Election
1.06% of voters voted for the Livertarian party in the 2020 Presidential Election
0.08% of voters voted for the Green party in the 2020 Presidential Election
0.46% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Tishomingo County, Mississippi has significantly declined from sixteen in 2016 to nine in 2023, well below the national average of fourteen. This trend could signal enhanced educational quality due to more individualized attention, making the area potentially more attractive to families, investors, and real estate professionals. Enhanced educational resources could also influence property values and community desirability, relevant to appraisers and insurance... Read more
Student-to-teacher ratio in Tishomingo County, Mississippi over the last 10 years
The student-to-teacher ratio in Tishomingo County, Mississippi has shown a downward trend over the past decade. It peaked at sixteen in 2016 and has since decreased to just nine in 2023, which is significantly below the current national average of fourteen. This decrease in ratio could be a positive indicator for the quality of education, as fewer students per teacher often mean more individualized attention and potentially better educational outcomes. Investors, families considering a move, and real estate professionals might find this trend appealing, as it suggests a growing commitment to educational resources and smaller classroom sizes in the area. For appraisers and insurance agents, these factors might also influence property values and community desirability.
