Washington County Real Estate and Livability Trends
Washington County, Mississippi's real estate market shows interesting trends. Median home values surged from $73,900 in 2015 to $93,000 in 2022, indicating affordability compared to broader averages. Rising property taxes hit $2,880 in 2021, tied to increasing home values but also higher tax burdens. The agricultural sector's stability is marked by farm tax returns staying between 1.08% and 1.32%... Read more
Washington County Market Trends
Washington County, Mississippi has seen median home values rise from $73,900 in 2015 to $93,000 in 2022, positioning itself as a relatively affordable entry point compared to state and national averages. The increase in residential energy tax credits, peaking at $1,283.33 in 2018, indicates a growing investment in energy-efficient home improvements, appealing to buyers keen on reducing long-term... Read more
Median Value of Occupied Housing Units in Washington County, Mississippi Over the Last 8 Years
Washington County, Mississippi has witnessed median home values fluctuate over the past eight years, starting at $73,900 in 2015 and hitting $93,000 in 2022. This trend is relatively modest compared to Mississippi’s state values, which grew from $103,100 in 2015 to $151,000 in 2022. Nationally, home values surged from $125,500 to $179,400 over the same period. For potential investors or homebuyers, Washington County may offer a more affordable entry point into the housing market, though it doesn’t match the growth seen statewide or nationally. This location might appeal to those prioritizing lower initial investment costs while still benefiting from the general upward trend in property values.
Residential Energy Tax Credit Per Tax Return in Washington County, MS Over the Last 9 Years
Washington County, Mississippi has shown fluctuating but generally increasing average residential energy tax credits per tax return over the last nine years, peaking in 2018 at $1,283.33. This rise suggests an investment trend in energy-efficient home improvements or renewable energy installations, which could be attractive to potential homebuyers and investors looking to reduce long-term energy costs. Real estate agents, appraisers, and insurance agents might find this trend indicative of an increasing valuation for properties with energy-efficient upgrades, potentially driving future market dynamics.
Average Real Estate Taxes Per Tax Return in Washington County, MS Over the Last 10 Years
Real estate taxes in Washington County, Mississippi have shown a general upward trend over the last decade, climbing from approximately $1,831 in 2012 to around $2,880 in 2021. The most significant increase occurred between 2017 and 2019, spiking from about $2,342 to over $3,046. This kind of growth in property taxes may signal rising property values, which could be of interest to investors and real estate agents. For those considering building or moving here, these figures might indicate a robust local economy, though it's wise to factor in the higher tax burden when budgeting. Appraisors and insurance agents should be aware of these trends as they impact valuations and insurance estimations.
Percentage of Farm Returns in Washington County, MS Over the Last 10 Years
Over the last decade, Washington County, Mississippi, has seen the percentage of farm tax returns hover between 1.08% and 1.32%. Although there seems to be a slight downward trend, this variation is modest. For those considering agricultural investments or property development in the area, it's helpful to note that the agricultural sector's stability can be a key indicator of economic conditions. Farm tax returns represent the taxable income from farming activities, reflecting the profitability and viability of the agricultural industry in the county. This consistency suggests a resilient farming community, potentially offering stable investment opportunities.
Number of Mortgages by Occupancy Type in Washington County, MS Over the Last 5 Years in Washington County
Recent trends in Washington County, Mississippi, show fluctuating mortgage counts across different occupancy types over the past five years. Notably, principal residences consistently dominate the market, peaking in 2021 with 1,047 mortgages. Meanwhile, investment properties and second residences each exhibit relatively lower and declining numbers, with 2022 recording just 157 and 25 mortgages, respectively. These shifts in mortgage counts could matter significantly for investors and property developers assessing market demand, for appraisers and insurance agents calculating risk, and for potential residents understanding community dynamics. Lower investments in secondary property types may suggest a stable but less speculative real estate environment, impacting long-term investment strategies and insurance considerations.
Economic Outlook
In Washington County, Mississippi, the average taxable income per tax return rose steadily from $37,672.60 in 2013 to $46,625.43 in 2021, indicating potential economic growth and increasing earning potential. Meanwhile, state and local income taxes per tax return peaked at $6,336.49 in 2020 before slightly decreasing to $6,045.00 in 2021, suggesting shifts in local economic conditions and policy changes. Additionally, the average total tax liability per tax return has generally trended upwards,... Read more
Average Taxable Income per Tax Return in Washington County, MS over the last 9 years
Average taxable income per tax return in Washington County, Mississippi has shown a steady upward trajectory over the past nine years, increasing from approximately $37,672.60 in 2013 to around $46,625.43 in 2021. This signifies potential economic growth and increasing earning potential within the region. For those considering investments, real estate, or even new business opportunities in the county, this trend suggests growing financial stability and higher local spending power. It may be useful for insurance agents, appraisers, and property developers to note these trends, as they provide insights into the evolving financial landscape.
Average State and Local Income Taxes Per Tax Return in Washington County, MS Over the Last 10 Years
Over the past decade, Washington County, Mississippi has witnessed a fluctuating trend in state and local income taxes per tax return, rising from around $4,820.57 in 2012 to a peak of $6,336.49 in 2020, before slightly decreasing to $6,045.00 in 2021. This variability implies shifts in the local economic conditions and policy changes that may impact disposable income, making it crucial for potential investors, property developers, and those moving to understand the economic landscape. Real estate agents and insurance agents should stay informed about these tax trends as they can affect property values and insurance rates.
Average Total Tax Liability Per Tax Return in Washington County, MS Over the Last 10 Years
The average total tax liability per tax return in Washington County, Mississippi has seen noticeable fluctuations over the past decade, ranging from approximately $6,580.45 in 2012 to around $7,074.17 in 2021. There appears to be a general upward trend, albeit with some years showing slight dips, such as in 2014 and 2017. This could imply that while the tax burden has been generally increasing, the volatility might suggest economic conditions or policy changes influencing taxpayer obligations. For investors, appraisers, insurance agents, and real estate professionals, understanding these trends may offer insights into the economic stability and fiscal pressures in the region.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,028 | $1,416 | $1,877 | $553 | $810 |
| 2 adults 3 children | $1,028 | $1,156 | $1,646 | $553 | $645 |
| 1 adult 4 children | $1,028 | $1,156 | $1,400 | $553 | $812 |
| 1 adult 3 children | $1,028 | $944 | $1,169 | $553 | $611 |
| 2 adults 2 children | $766 | $947 | $1,416 | $488 | $563 |
| 2 adults 1 child | $766 | $748 | $1,185 | $275 | $582 |
| 1 adult 2 children | $766 | $707 | $938 | $488 | $473 |
| 1 adult 1 child | $766 | $483 | $708 | $275 | $470 |
| 2 adults | $641 | $601 | $955 | $0 | $550 |
| 1 adult | $573 | $328 | $477 | $0 | $476 |
Safety trends & Data
Washington County, Mississippi, has experienced fluctuating property crime trends that could impact real estate dynamics. Burglary arrests fell from a peak of 25.0 in 2019 to 19.0 in 2020, while larceny-theft declined from 19.0 in 2018 to 13.0 in 2020. Fraud cases doubled to 12.0 in 2019 but dropped sharply to 3.0 in 2020, and stolen property cases surged to 24.0 in 2019 before decreasing to 6.0 in 2020. These changes may significantly influence investment decisions, property development... Read more
Property Crime Trends in Washington County, MS Over the Last 3 Years
In Washington County, Mississippi, the property crime landscape has displayed notable shifts over the last three years. Burglary arrests peaked in 2019 at 25.0 but saw a drop to 19.0 in 2020, while larceny-theft has shown a decline from 19.0 in 2018 to 13.0 in 2020. Interestingly, fraud cases doubled in 2019 to 12.0 but fell sharply to 3.0 in 2020. Stolen property cases saw a significant spike in 2019 with 24.0 arrests, followed by a considerable decrease to 6.0 in 2020. These trends can crucially inform investment decisions, property development strategies, and risk assessments within the county.
Demographics
Washington County, Mississippi has an almost equal gender ratio, with slightly more females than males. Educational attainment varies widely, though most residents have either finished high school or started some college. The population skews toward middle age, with a relatively small but significant percentage under 10 years old. Racial demographics indicate the majority being Black or African American, with White individuals comprising the second largest group, and very few residents... Read more
Race Distribution in Washington County, Mississippi (2022)
Educational Attainment in Washington County, Mississippi (2022)
Age Distribution in Washington County, Mississippi
Citizen Population in Washington County, Mississippi (2022)
Political Trends & Data
In Washington County, Mississippi, the 2020 U.S. Presidential Election results point to a strong Democratic leaning, with about 69.4% of the vote potentially going to the Democratic candidate. The Republican candidate received approximately 29.4% of the vote, suggesting a smaller, yet substantial, base of support. Minor parties like the Libertarian and Green parties captured less than 1% each, showing minimal influence. This distribution might suggest a consistent preference for Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Washington County, Mississippi, the 2020 U.S. Presidential Election results hint at substantial Democratic dominance, with approximately 69.4% of the vote potentially going to the Democratic candidate. The Republican candidate garnered about 29.4% of the vote, suggesting a significant, though considerably smaller, base of support. Minor parties like the Libertarian and Green parties captured less than 1% each, indicating very limited influence. This distribution might imply a consistent political leaning with an overwhelming preference for Democratic policies among the county's electorate.
29.43% of voters voted for the Republican party in the 2020 Presidential Election
69.43% of voters voted for the Democrat party in the 2020 Presidential Election
0.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
0.74% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade in Washington County, Mississippi, the student-to-teacher ratio peaked at seventeen in 2018, but recent years have seen a decline to around eleven. With a national average of fourteen, this suggests smaller class sizes and potentially more personalized education. These changes in the educational landscape may signal an improving quality of education, which could have implications for property values and community... Read more
Student-to-teacher ratio in Washington County, Mississippi over the last 10 years
Over the past decade in Washington County, Mississippi, the student-to-teacher ratio has shown significant fluctuations, peaking at seventeen in 2018 before falling to around eleven in recent years. This downward trend from highs observed between 2016 and 2018 could suggest responding educational policies or resources. Compared to the current US national average of fourteen students per teacher, Washington County now boasts smaller class sizes, potentially indicating a more personalized educational environment. For investors, appraisers, real estate agents, and those considering relocation, these changes in educational infrastructure might signal improving quality of education, which could, in turn, impact property values and community desirability.
