Tunica County Real Estate and Livability Trends
Tunica County, Mississippi has experienced a boom in median home values, soaring from $80,000 in 2015 to $150,800 in 2022, outperforming state and national trends. However, real estate taxes hit a peak of $3,423.08 in 2018, possibly reflecting increased property values or changes in local tax policies. The upswing in energy tax credits indicates a community interest in energy-efficient home... Read more
Tunica County Market Trends
Tunica County, Mississippi has witnessed substantial gains in median home values, skyrocketing from $80,000 in 2015 to $150,800 in 2022, outpacing both state and national trends. Real estate taxes have fluctuated significantly, peaking at $3,423.08 in 2018, reflecting shifts in property values or local taxation policies. The average residential energy tax credit surged, suggesting increased... Read more
Median Value of Occupied Housing Units in Tunica County, Mississippi Over the Last 8 Years
Tunica County, Mississippi has experienced a striking acceleration in median home values over the past eight years, going from $80,000 in 2015 to $150,800 in 2022. This surge outpaces both Mississippi's state trends and national averages, showing particularly aggressive growth in recent years. While Mississippi's median values climbed from $103,100 to $151,000 in the same timeframe, Tunica County saw a sharper incline, especially between 2021 and 2022. At the national level, the median home values rose from $125,500 in 2015 to $179,400 in 2022. This could be highly relevant for investors looking at emerging markets with rapid appreciation or for future homeowners considering this region for potentially robust property value increments.
Residential Energy Tax Credit Per Tax Return in Tunica County, MS Over the Last 9 Years
Tunica County, Mississippi has seen a noticeable rise in the average residential energy tax credit per tax return over the past nine years, with figures jumping from $350.00 in 2013 to a peak of $1,250.00 in 2018. Such an upward trend suggests increasing investments in energy-efficient home improvements. This may be of particular interest to appraisers, potential homebuyers, and developers who can infer a local market prioritizing energy efficiency. For insurance agents, the trend may hint at reduced risk profiles thanks to home upgrades. Generally, this indicates a community that might value sustainability, potentially enhancing the county's appeal.
Average Real Estate Taxes Per Tax Return in Tunica County, MS Over the Last 10 Years
Over the past decade, real estate taxes in Tunica County, Mississippi have seen significant fluctuations, with notable increases such as the jump from an average of $1,600.00 in 2017 to $3,423.08 in 2018. While there was a reduction to $2,354.55 in 2019 and a slight dip to $2,081.82 in 2020, the 2021 average remains relatively high at $2,420.00. These trends might indicate changing property values or shifts in local taxation policies, offering insight into the area's economic dynamics. This could be crucial for investors, property developers, and real estate professionals analyzing the financial viability and long-term trends in the region.
Percentage of Farm Returns in Tunica County, MS Over the Last 10 Years
Farm tax returns in Tunica County, Mississippi over the past decade have seen relatively minimal fluctuations, hovering around 1.25% to 1.43%. These returns reflect the economic activity related to agricultural operations in the area. For investors, builders, and residents, the stable percentage suggests a consistent presence of farming endeavors, which might indicate resilient local agricultural businesses. Such stability can be a reassuring factor for potential investments in agricultural property or related ventures, underscoring robust community involvement in farming despite market variances.
Number of Mortgages by Occupancy Type in Tunica County, MS Over the Last 5 Years in Tunica County
Recent years have shown a pronounced increase in mortgages for principal residences in Tunica County, Mississippi, peaking at 225 in 2021. Investment properties, however, have seen a decline; they dropped from 36 in 2020 to just 13 in 2021. This trend may point to a growing local population and an increased desire for stability among residents, which could suggest a favorable climate for those looking to develop community-based services or amenities. Meanwhile, second residences have remained relatively uncommon, indicating limited interest in Tunica County as a locale for vacation homes. These shifts in occupancy types are crucial for investors, realtors, and appraisers as they reflect evolving housing demands and can significantly impact property values and rental market dynamics.
Economic Outlook
Tunica County, Mississippi's real estate market reveals fluctuating economic conditions over the past decade. Peaks in average taxable income per tax return were observed in 2014 and 2021, suggesting economic upturns, while significant dips in 2013 and 2015 point to instability. Similarly, state and local income taxes spiked in 2014 but have since stabilized. Average tax liabilities also show variability, with a notable high in 2014 and a low in 2017, eventually stabilizing. These trends are... Read more
Average Taxable Income per Tax Return in Tunica County, MS over the last 9 years
Over the past nine years, Tunica County, Mississippi has seen noticeable fluctuations in average taxable income per tax return. Peaks were observed in 2014 at $39,079.11 and again in 2021 at $36,858.99, indicating potential economic upturns around those periods. However, these highs are contrasted by significant dips, such as in 2013 at $29,987.91 and in 2015 at $31,235.81. Those investing in or moving to the area might find these trends suggestive of both opportunities for growth and periods of economic instability. Appraisers and insurance agents can particularly benefit from being aware of such economic indicators to provide more informed assessments and policies.
Average State and Local Income Taxes Per Tax Return in Tunica County, MS Over the Last 10 Years
Average state and local income taxes per tax return in Tunica County, Mississippi, have shown some volatility over the past decade. Notably, there's a significant spike in 2014, where taxes jumped to $7,687.76 on average. Subsequent years show a decline back to more moderate levels, with a low of $3,345.61 in 2017 before stabilizing around $4,675.00 in 2021. This fluctuation might reflect changes in local economic conditions, tax policies, or shifts in the demographic composition of the taxpayers. These variations are crucial for investors and potential residents considering moving to or investing in Tunica County, as they can impact personal financial planning and property values.
Average Total Tax Liability Per Tax Return in Tunica County, MS Over the Last 10 Years
Over the past decade, Tunica County, Mississippi has seen fluctuating average tax liabilities per tax return, with notable highs and lows. For instance, the peak in 2014 surged to $8,293.28, while 2017 marked a low point at $4,182.86. Recent years indicate a more stable band around the $4,300 to $4,900 mark, which could suggest some stabilization post-2018. This variability may reflect broader economic shifts such as local income levels, property values, and employment rates. Investors, real estate agents, and appraisers might find these trends valuable for assessing the area's economic stability and growth potential.
Cost of Living in Tunica County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,151 | $1,319 | $1,951 | $897 | $984 |
| 1 adult 4 children | $1,151 | $1,077 | $1,455 | $897 | $1,049 |
| 2 adults 3 children | $1,151 | $1,078 | $1,711 | $897 | $804 |
| 1 adult 3 children | $1,151 | $880 | $1,215 | $897 | $821 |
| 2 adults 2 children | $946 | $882 | $1,471 | $779 | $727 |
| 1 adult 2 children | $946 | $659 | $975 | $779 | $652 |
| 2 adults 1 child | $946 | $697 | $1,232 | $396 | $701 |
| 1 adult 1 child | $946 | $450 | $736 | $396 | $593 |
| 2 adults | $816 | $560 | $992 | $0 | $631 |
| 1 adult | $811 | $305 | $496 | $0 | $577 |
Safety trends & Data
Property crime trends in Tunica County, Mississippi, show dramatic declines over the past four years. Incidents of burglary and vandalism plummeted from 17 and 18 in 2018 to just 1 report each by 2021. Motor vehicle thefts peaked at 7 in 2019 but have since decreased. Low numbers in embezzlement, forgery, and fraud might suggest a more secure environment, potentially boosting property valuations and leading to lower insurance... Read more
Property Crime Trends in Tunica County, MS Over the Last 4 Years
Property crime trends in Tunica County, Mississippi, show significant fluctuations over the past four years. 2018 saw relatively high instances of burglary (17), larceny-theft (26), and vandalism (18), but these numbers dramatically declined by 2021, with burglary and vandalism dropping to just 1 report each. Motor vehicle thefts peaked at 7 incidents in 2019 but have since decreased. Embezzlement, forgery, and fraud remain low. Potential investors and property developers might see this as indicative of an improving security environment, while appraisers and insurance agents could view the declining crime rates as positive factors for property valuations and lower insurance premiums.
Demographics
Tunica County, Mississippi, shows a slight gender imbalance with more female adults than male. The county's educational attainment reflects a concentration in high school graduates, with less representation in higher education degrees. Most of the population falls within the 25 to 34 age bracket, suggesting a relatively young community. Racially, the county is predominantly African American, with very few individuals identifying as another race, which might hint at less ethnic diversity. These... Read more
Race Distribution in Tunica County, Mississippi (2022)
Educational Attainment in Tunica County, Mississippi (2022)
Age Distribution in Tunica County, Mississippi
Citizen Population in Tunica County, Mississippi (2022)
Political Trends & Data
Tunica County, Mississippi, showed a marked preference for the Democratic Party in the 2020 U.S. Presidential Election, with about 72% of the votes favoring Democrats. On the other hand, Republicans captured around 26% of the vote share, signifying a notable minority. Smaller parties and independents collectively made up roughly 2% of the votes, suggesting minimal impact on the overall political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Tunica County, Mississippi, exhibited a strong leaning towards the Democratic Party in the 2020 U.S. Presidential Election, with approximately 72% of the votes. The Republican Party, in contrast, garnered around 26% of the votes, reflecting a significant but not overwhelming presence. Minor parties like the Libertarian and Green parties, alongside other affiliations, collectively accounted for roughly 2% of the votes, indicating a marginal influence in the county's political landscape.
26.00% of voters voted for the Republican party in the 2020 Presidential Election
72.43% of voters voted for the Democrat party in the 2020 Presidential Election
0.25% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
1.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Tunica County, Mississippi has seen its student-to-teacher ratio fluctuate over the last decade, peaking at 16 in 2017 but generally settling around 10 in recent years, notably below the national average of 14. This relatively low ratio can make the area appealing to families seeking smaller class sizes for more personalized attention, potentially making properties more attractive to buyers. Real estate agents and investors might find this trend beneficial in marketing the area, while... Read more
Student-to-teacher ratio in Tunica County, Mississippi over the last 10 years
Over the last decade, Tunica County, Mississippi has experienced significant fluctuations in its student-to-teacher ratio, peaking at 16 in 2017 but settling around 10 in recent years. When compared to the national average of 14 students per teacher, Tunica County generally maintains smaller class sizes, with the exception of a few years. These smaller ratios can be enticing for families seeking personalized attention for their children, while investors and real estate agents might view this as a selling point for local property. Appraisers and insurance agents could also consider this trend when assessing property or community investment opportunities, as it can influence the attractiveness and, consequently, the value of the area.
