Walthall County Real Estate and Livability Trends
Walthall County, Mississippi has seen its average taxable income per tax return increase from $39,441.62 in 2016 to $44,350.98 in 2021, with a notable spike between 2017 and 2018 possibly signaling local economic growth. Median home values have risen from $93,200 in 2015 to $113,800 in 2022, though still below state and national averages, which could attract buyers seeking affordability. The... Read more
Walthall County Market Trends
Walthall County, Mississippi has seen its median home values fluctuate but overall rise to $113,800 in 2022 from $93,200 in 2015, still below state and national medians. The residential energy tax credits have shown a sharp peak in 2018, hinting at fluctuating energy investments. Real estate taxes have nearly doubled over the past decade, reflecting possible shifts in property values or local tax... Read more
Median Value of Occupied Housing Units in Walthall County, Mississippi Over the Last 8 Years
Walthall County, Mississippi has experienced some ups and downs in median home values over the past eight years, with a significant increase to $113,800 in 2022, up from $93,200 in 2015. This is below the state median, which climbed to $151,000 in 2022, as well as the national median of $179,400. This lower cost could appeal to investors and those looking for more affordable real estate options compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Walthall County, MS Over the Last 9 Years
Over the past nine years in Walthall County, Mississippi, the trend in residential energy tax credits reveals a notable fluctuation. Starting at $312.50 in 2013, there was a sharp rise peaking at $980.00 in 2018, followed by a gradual decline to $762.50 by 2021. The volatility in these credits could point to changing energy policies or varying levels of household investment in energy-efficient modifications. This trend provides valuable insights for investors, insurance agents, and real estate professionals, suggesting potential opportunities tied to energy-efficient home improvements in the area.
Average Real Estate Taxes Per Tax Return in Walthall County, MS Over the Last 10 Years
Walthall County, Mississippi has seen a notable increase in average real estate taxes per tax return over the past decade, rising from around $1,266.67 in 2012 to approximately $2,178.57 in 2021. This upward trend, particularly the sharp rise from 2017 to 2019, could reflect changes in property values, public service funding requirements, or adjustments in tax policies. For potential investors, real estate agents, and insurance agents, understanding these tax trends is crucial for property valuation, assessing long-term cost implications, and advising clients on financial planning.
Percentage of Farm Returns in Walthall County, MS Over the Last 10 Years
Over the last decade, the percentage of farm returns in Walthall County, Mississippi, has shown a slight but steady decline, starting from around 11.15% in 2012 and settling at approximately 10.18% by 2021. Farm tax returns represent the share of total tax returns filed by farmers, indicating the agricultural sector's relative economic contribution. This downward trend could imply shifts in the local economy, such as diversification into non-agricultural industries or potential challenges in the farming sector. These patterns might interest investors, prospective residents, and those looking to develop property, as they reflect the evolving economic landscape in Walthall County.
Number of Mortgages by Occupancy Type in Walthall County, MS Over the Last 5 Years in Walthall County
In Walthall County, Mississippi, mortgage trends over the last five years show a dominant preference for principal residences, with numbers peaking at 556 in 2021 and remaining consistently high. Investment property mortgages fluctuate, hitting a low of 16 in 2021, while second residence mortgages stay relatively constant with minor variations. These shifts in occupancy types could impact property values, influencing investment returns and insurance rates. Noticing the trends, potential investors, real estate agents, and insurers may need to consider the high demand for principal residences, which might suggest a stable, family-oriented market with less appetite for vacation or rental properties. Understanding these nuances could guide more informed decision-making.
Economic Outlook
Walthall County, Mississippi has experienced upward trends in average taxable income per tax return, rising from $39,441.62 in 2016 to $44,350.98 in 2021. The most significant jump occurred between 2017 and 2018, which might indicate a boost in local earnings or employment opportunities. State and local income tax averages have been more volatile, peaking notably in 2018 ($4,900.00), 2019 ($6,693.75), and 2021 ($6,056.25), suggesting potential shifts in economic conditions or tax policies.... Read more
Average Taxable Income per Tax Return in Walthall County, MS over the last 9 years
In Walthall County, Mississippi, the average taxable income per tax return has seen some fluctuations over the past nine years, generally trending upward. From a low of approximately $39,441.62 in 2016, it has risen to about $44,350.98 in 2021. Notably, the jump between 2017 and 2018 brings it close to the $43,129.04 mark, suggesting a potential boost in local earnings or employment opportunities during that period. This gradual increase might make the area more attractive to potential investors, real estate professionals, and those considering relocation, reflecting a slowly improving economic landscape.
Average State and Local Income Taxes Per Tax Return in Walthall County, MS Over the Last 10 Years
Walthall County, Mississippi has seen significant fluctuations in average state and local income taxes per tax return over the past decade, with notable peaks in 2018 ($4,900.00), 2019 ($6,693.75), and 2021 ($6,056.25). This volatility could suggest changing economic conditions or tax policies. For potential investors and residents, understanding these tax trends may provide valuable insight into the fiscal environment of the county, potentially impacting decisions on property investments and residency.
Average Total Tax Liability Per Tax Return in Walthall County, MS Over the Last 10 Years
Walthall County, Mississippi has seen fluctuations in average total tax liability per tax return over the past decade, generally oscillating between $5,194.77 and $5,996.55. The highest liability occurred in 2018, suggesting that year may have had unique economic or policy impacts. This variability might be an indicator of shifting economic conditions or changes in tax policies, making it a point of interest for potential investors, residents, insurance agents, and real estate professionals considering the area's fiscal stability.
Cost of Living in Walthall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $932 | $1,367 | $1,877 | $509 | $827 |
| 1 adult 4 children | $932 | $1,117 | $1,400 | $509 | $847 |
| 2 adults 3 children | $932 | $1,117 | $1,646 | $509 | $664 |
| 1 adult 3 children | $932 | $912 | $1,169 | $509 | $641 |
| 2 adults 2 children | $766 | $914 | $1,416 | $449 | $626 |
| 2 adults 1 child | $766 | $723 | $1,185 | $250 | $637 |
| 1 adult 2 children | $766 | $683 | $938 | $449 | $540 |
| 1 adult 1 child | $766 | $467 | $708 | $250 | $531 |
| 2 adults | $611 | $581 | $955 | $0 | $595 |
| 1 adult | $608 | $317 | $477 | $0 | $542 |
Demographics
Walthall County, Mississippi shows a slightly higher female population compared to males. The largest age groups are adults aged 35 to 44 and those between 55 and 64, suggesting a significant portion of the population is in their prime working years or approaching retirement. Educational attainment is varied, with a substantial number of residents holding only a high school diploma or some college education, indicating potential workforce development opportunities. In terms of racial... Read more
Race Distribution in Walthall County, Mississippi (2022)
Educational Attainment in Walthall County, Mississippi (2022)
Age Distribution in Walthall County, Mississippi
Citizen Population in Walthall County, Mississippi (2022)
Political Trends & Data
In Walthall County, Mississippi, the 2020 U.S. Presidential Election results showed a strong preference for Republican candidates, capturing around 59% of the vote. Democrats garnered nearly 40%, highlighting a significant, albeit not dominant, opposition. Minor parties barely made a dent with less than 1% of the vote, indicating a minimal third-party presence. This suggests a predominantly traditional, two-party political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Walthall County, Mississippi, reflected a clear leaning towards Republican candidates in the 2020 U.S. Presidential Election, with around 59% of the vote. Democrats gathered close to 40%, suggesting a significant but not dominant opposition. Minor parties, including Libertarian and Green parties, along with others, cumulatively attracted less than 1% of the electorate, indicating limited third-party influence. This distribution suggests that the political landscape in Walthall County may be predominantly traditional with a strong two-party system.
59.28% of voters voted for the Republican party in the 2020 Presidential Election
39.82% of voters voted for the Democrat party in the 2020 Presidential Election
0.27% 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
0.55% of voters voted for the Other party in the 2020 Presidential Election
School Data
Walthall County, Mississippi has seen its student-to-teacher ratio decline from a peak of 17 in 2018 to just over 10 in 2023, now below the national average of 14 students per teacher. This trend might suggest improved school funding or district policies, which could influence neighborhood desirability and property values. Lower ratios often indicate more personalized attention in schools, potentially making the county more attractive to families and positively affecting the local housing... Read more
Student-to-teacher ratio in Walthall County, Mississippi over the last 10 years
Over the last decade, Walthall County, Mississippi has seen fluctuations in its student-to-teacher ratio, peaking at 17 in 2018 before gradually declining to just over 10 in 2023. Notably, this recent trend places the county below the national average of 14 students per teacher. For investors and builders, these shifts might suggest changes in school funding or district policies, impacting neighborhood desirability and property values. Lower ratios could indicate more personalized attention in schools, potentially making the county more attractive to families and affecting the local housing market positively. Appraisers and real estate agents may find this data useful when assessing property value, while insurance agents could consider these trends when advising on policy risks related to educational infrastructure.
