Union County Real Estate and Livability Trends
Union County, Mississippi's real estate market is showing some interesting patterns. Median home values have surged from $83,200 in 2015 to $144,900 in 2022, suggesting the area might be a hotspot for investors due to its rapid appreciation. Property taxes nearly doubling from $1,516.47 in 2012 to $2,844.74 in 2021 could be a sign of this rising market value or tax rate changes. As the number of... Read more
Union County Market Trends
Union County, Mississippi has seen a notable rise in median home values from $83,200 in 2015 to $144,900 in 2022, outpacing state and national growth rates. The county's real estate market could be attractive to investors due to this rapid appreciation. Similarly, there's been a significant increase in residential energy tax credits, potentially indicating a local push towards green energy. Real... Read more
Median Value of Occupied Housing Units in Union County, Mississippi Over the Last 8 Years
Union County, Mississippi is experiencing a significant rise in median home values, jumping from $83,200 in 2015 to $144,900 in 2022. This increase is relatively steep compared to both the state of Mississippi, which grew from $103,100 to $151,000, and the national market, which rose from $125,500 to $179,400 over the same period. This could suggest Union County is emerging as an attractive area for investment, potentially driven by local economic factors outperforming broader state trends. Buyers and developers might find unique opportunities here given the rapid appreciation compared to regional and national averages.
Residential Energy Tax Credit Per Tax Return in Union County, MS Over the Last 8 Years
Union County, Mississippi has shown a fluctuating trend in residential energy tax credits over the last eight years. Initially hovering around $300 in the early years, there was a notable increase in 2019 with the average credit reaching $566.67. This upward trend continued, peaking at $657.14 in 2020 before settling slightly lower in 2021 at $557.14. For investors and property developers, this could imply an ongoing push towards green energy improvements in the region, potentially driven by local incentives and increased awareness of energy efficiency.
Average Real Estate Taxes Per Tax Return in Union County, MS Over the Last 10 Years
Union County, Mississippi has seen a notable rise in average real estate taxes per tax return over the past decade, roughly doubling from $1,516.47 in 2012 to $2,844.74 in 2021. The significant jump observed in 2018 seems to indicate either a substantial change in property valuations or adjustments in tax rates. This increase is a crucial factor for potential investors, homebuyers, appraisers, and insurance agents to consider, as it could impact both the cost of property ownership and the valuation of real estate in the county. Such a trend may suggest a growing demand for property or shifts in local economic conditions, making Union County an area worth closely watching.
Percentage of Farm Returns in Union County, MS Over the Last 10 Years
Farm tax returns in Union County, Mississippi, have shown slight fluctuations over the last decade, ranging from approximately 4.28% to 4.75%. These tax filings, reflecting agricultural income, hint at the region's reliance on farming as a significant part of its economy. In recent years, the percentage saw a modest decline, hitting a low in 2016 with 4.28%, and a subsequent rebound, peaking in 2021 at 4.62%. This data could be crucial for investors and developers assessing the agricultural viability and economic health of the area, as it demonstrates relatively stable yet variable farm-based economic activity.
Number of Mortgages by Occupancy Type in Union County, MS Over the Last 5 Years in Union County
In Union County, Mississippi, the number of mortgages for principal residences has generally increased over the last five years, peaking in 2021 with 1,094 mortgages. Investment property mortgages have shown a slight decline, whereas second residences have remained largely stable. These shifts can be pivotal for investors and developers as a strong demand for principal residences may drive property values up and influence market dynamics. Understanding these trends can also aid appraisers in delivering accurate property valuations, while insurance agents might adjust their offerings based on the dominant property types. For those considering a move or already residing in the area, these trends reflect evolving community needs and potential shifts in neighborhood compositions.
Economic Outlook
Union County, Mississippi's real estate market reveals some intriguing trends over recent years. Average taxable income per tax return has notably increased from approximately $40,806.77 in 2013 to $54,680.50 in 2021, suggesting potential growth in economic vitality. The average state and local income taxes per tax return also surged from about $4,000.00 in 2012 to over $9,000.00 in 2021, particularly spiking between 2017 and 2018. This rise could indicate shifts in the economic landscape,... Read more
Average Taxable Income per Tax Return in Union County, MS over the last 9 years
Over the past nine years, Union County, Mississippi has experienced a notable increase in average taxable income per tax return, rising from approximately $40,806.77 in 2013 to around $54,680.50 in 2021. This trend may suggest a growing economic environment, potentially making it a more attractive area for investment and property development. For appraisers, insurance agents, and real estate professionals, this upward trajectory in income levels could indicate an evolving market with increasing property values and disposable incomes.
Average State and Local Income Taxes Per Tax Return in Union County, MS Over the Last 10 Years
Union County, Mississippi has seen a significant uptick in average state and local income taxes per tax return over the past decade. Starting at around $4,000.00 in 2012, there was a notable increase to over $9,000.00 by 2021. This sharp rise, particularly between 2017 and 2018, suggests potential economic shifts that could interest investors looking at tax implications. Residents and potential movers should consider how this evolving tax landscape might impact their finances and long-term planning.
Average Total Tax Liability Per Tax Return in Union County, MS Over the Last 10 Years
Over the last decade, Union County, Mississippi, has experienced an overall upward trend in average total tax liability per tax return. Starting at approximately $5,291.61 in 2012, the figure peaked at around $7,047.13 in 2021. While there were slight dips in 2018 and 2019, the general increase suggests economic growth or changes in tax policies potentially impacting residents. This trend could be relevant for potential investors and real estate developers as it may influence property values and financial planning strategies. Real estate agents and insurance agents might also find these shifts significant when advising clients about long-term investments or property affordability.
Cost of Living in Union County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,025 | $1,319 | $1,934 | $557 | $873 |
| 1 adult 4 children | $1,025 | $1,077 | $1,443 | $557 | $887 |
| 2 adults 3 children | $1,025 | $1,078 | $1,697 | $557 | $694 |
| 1 adult 3 children | $1,025 | $880 | $1,205 | $557 | $681 |
| 2 adults 2 children | $766 | $882 | $1,459 | $491 | $615 |
| 2 adults 1 child | $766 | $697 | $1,221 | $277 | $636 |
| 1 adult 2 children | $766 | $659 | $967 | $491 | $531 |
| 2 adults | $678 | $560 | $984 | $0 | $616 |
| 1 adult 1 child | $766 | $450 | $729 | $277 | $534 |
| 1 adult | $663 | $305 | $492 | $0 | $566 |
Safety trends & Data
Union County, Mississippi, has seen significant changes in property crime trends, with larceny-theft incidents spiking to 81 in 2022 from 17 in 2018, accompanied by an increase in burglaries, which reached 14 cases in 2022. While motor vehicle thefts stayed relatively stable, the upward trends in larceny and burglary could influence property insurance rates, values, and investment risk assessments, making it a critical factor for investors and residents to... Read more
Property Crime Trends in Union County, MS Over the Last 4 Years
Union County, Mississippi witnessed notable fluctuations in property crimes over the past four years. Larceny-theft spiked significantly in 2022 with 81 incidents, up from just 17 in 2018, while burglary followed suit with a notable increase, particularly in 2022 recording 14 cases. Motor vehicle thefts remained relatively low and stable, and embezzlement saw minimal activity overall. The data suggests that individuals concerned with property security, whether investors or residents, should pay closer attention to recent upward trends in larceny and burglary. This could impact insurance rates, property values, and investment risk assessments.
Demographics
Union County, Mississippi's adult population leans slightly female, with around 51.6% women compared to 48.4% men. A notable segment of the population has completed high school or pursued some college but hasn’t earned a degree. Educational attainment is skewed towards at least a high school diploma, with a smaller fraction holding graduate degrees. Age-wise, Union County shows a balanced spread across various age groups, hinting at a steady aging population but with sufficient youth to... Read more
Race Distribution in Union County, Mississippi (2022)
Educational Attainment in Union County, Mississippi (2022)
Age Distribution in Union County, Mississippi
Citizen Population in Union County, Mississippi (2022)
Political Trends & Data
Union County, Mississippi, potentially saw a significant lean towards the Republican side in the 2020 U.S. Presidential Election, with around 82% of the votes possibly casting for the GOP. This conservative majority might influence local policy decisions and community priorities, potentially shaping aspects like zoning laws, property taxes, and public services, which could impact the real estate market in unique ways. While Democratic support appeared to hover near 17%, minor parties like the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Union County, Mississippi, may have leaned heavily Republican in the 2020 U.S. Presidential Election, with around 82% of the vote potentially going to the Republican candidate. Democratic support seemed limited, hovering near 17%, while minor parties like Libertarians and Greens barely registered, each claiming less than 1% of the vote. This pattern indicates a likely strong conservative presence, which can have implications for local policy and community priorities.
81.79% of voters voted for the Republican party in the 2020 Presidential Election
17.03% 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
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.44% of voters voted for the Other party in the 2020 Presidential Election
School Data
Union County, Mississippi has experienced changing student-to-teacher ratios over the past decade, with a peak of seventeen in 2018 and a recent low of ten in 2023. This trend, significantly below the national average of fourteen, may influence education-related investments and local real estate. Lower ratios could make the area more appealing to families seeking personalized attention for their children, while higher ratios in past years might have raised concerns about educational... Read more
Student-to-teacher ratio in Union County, Mississippi over the last 10 years
Union County, Mississippi has seen considerable variability in student-to-teacher ratios over the past decade. While ratios peaked at seventeen in 2018, they have since trended downward, reaching a low of ten in 2023, notably below the national average of fourteen. These fluctuations might influence decisions for those in education-related investments and local real estate, hinting at shifts in classroom sizes that could impact the appeal of the area's educational infrastructure. Lower ratios could be attractive to families seeking more personalized attention for their children, whereas periodic higher ratios might have raised concerns about educational quality during those years.
