Wilkinson County Real Estate and Livability Trends
Median home values in Wilkinson County, Mississippi have surged from $59,600.00 in 2015 to $78,500.00 in 2022, outperforming state and national growth rates. Real estate taxes also saw a significant jump from $1,451.11 in 2012 to $2,638.46 in 2021, which could impact investment returns but also signal robust local infrastructure and services. Additionally, the county's student-to-teacher ratio... Read more
Wilkinson County Market Trends
Median home values in Wilkinson County, Mississippi surged from $59,600 in 2015 to $78,500 in 2022, outpacing broader state and national growth rates. Residential energy tax credits have also spiked, hitting $1,500.00 in 2021, reflecting a push towards energy-efficient home upgrades. Real estate taxes saw a substantial increase from $1,451.11 in 2012 to $2,638.46 in 2021, possibly impacting... Read more
Median Value of Occupied Housing Units in Wilkinson County, Mississippi Over the Last 8 Years
Median home values in Wilkinson County, Mississippi have experienced a fluctuating yet notable upward trend, spiking from $59,600 in 2015 to $78,500 in 2022. This contrasts with the more consistent appreciation seen at the state and national levels, where Mississippi's median rose from $103,100 to $151,000 and the U.S. from $125,500 to $179,400 over the same period. This suggests that while Wilkinson County remains more affordable than broader markets, it's also exhibiting growth that could pique investor interest.
Residential Energy Tax Credit Per Tax Return in Wilkinson County, MS Over the Last 7 Years
In Wilkinson County, Mississippi, the average residential energy tax credit per tax return has shown notable fluctuation over the past seven years. Starting at $466.67 in 2013, the credit remained at $400.00 from 2014 through 2016 before witnessing a significant rise in recent years, reaching $750.00 in 2019, $800.00 in 2020, and peaking at $1500.00 in 2021. This upward trend could signal growing investments in energy-efficient home improvements, likely reflecting increased awareness and adoption of sustainable living practices. For real estate agents, investors, and insurance agents, this shift might indicate a market ready for eco-friendly properties and renovations.
Average Real Estate Taxes Per Tax Return in Wilkinson County, MS Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Wilkinson County, Mississippi have shown a notable increase, rising from $1,451.11 in 2012 to $2,638.46 in 2021. The significant spikes around 2018 and subsequent years hint at changing economic factors, possibly affecting property values or tax policies. This trend might be crucial for potential investors and property developers to consider, as rising taxes can impact overall investment returns and cost of property ownership. Insurance agents and appraisers should also take note, as higher real estate taxes could influence insurance assessments and property valuations. For current and considering residents, it’s a key factor in long-term financial planning and property affordability.
Percentage of Farm Returns in Wilkinson County, MS Over the Last 10 Years
Wilkinson County, Mississippi has seen a gentle but noticeable rise in the percentage of farm tax returns over the last decade, fluctuating from around 4.63% in 2012 to approximately 5.92% in 2021. These fluctuations hint at a potentially growing, albeit variable, local economy in agriculture. Farm tax returns are essentially documents that farmers file with the Internal Revenue Service to report their income and expenses, and an upward trend in these filings might suggest increasing agricultural activity or profitability. For potential investors, residents, or developers, this could signal a promising but variable agricultural sector, which could be significant for understanding the area's economic health and opportunities.
Number of Mortgages by Occupancy Type in Wilkinson County, MS Over the Last 5 Years in Wilkinson County
Over the last five years, Wilkinson County, Mississippi saw a general upward trend in the number of mortgages, with a significant focus on principal residences. The decrease in mortgage counts for investment properties and second residences in recent years suggests a realignment of housing preferences or perhaps economic factors making primary housing more attractive. These shifts matter because they can influence property values, appraisals, and insurance rates, affecting decisions for investors, homebuyers, real estate agents, and local developers.
Economic Outlook
In Wilkinson County, Mississippi, the average taxable income per tax return peaked at $43,624.51 in 2021, indicating possible economic recovery or growth, given it's a rise from the mid-$30,000 to high-$30,000 range over the past nine years. The average state and local income taxes per tax return have fluctuated as well, with a jump to $4,577.78 in 2021 from a low of $3,745.83 in 2013, which may reflect changing economic conditions or policy shifts. Additionally, the total tax liability per tax... Read more
Average Taxable Income per Tax Return in Wilkinson County, MS over the last 9 years
The average taxable income per tax return in Wilkinson County, Mississippi has seen slight fluctuations over the past nine years, with a noticeable rise in 2021 reaching $43,624.51. This suggests potential economic recovery or growth, making the area possibly attractive for new investments. Income levels have mostly hovered around the mid-$30,000 to high-$30,000 range, providing a snapshot of economic stability with occasional upticks suggesting incremental growth amidst economic variances.
Average State and Local Income Taxes Per Tax Return in Wilkinson County, MS Over the Last 10 Years
Average state and local income taxes per tax return in Wilkinson County, Mississippi have fluctuated over the last decade, showing a mix of decreases and increases. For instance, while 2013 saw taxes drop to $3,745.83 from the previous year's $3,978.00, there was a notable climb reaching $4,577.78 by 2021. These variations could suggest changing economic conditions or policy adjustments impacting the region. Such trends are crucial for potential investors, real estate agents, and insurance agents assessing the financial landscape, as tax liabilities can influence the attractiveness of the area.
Average Total Tax Liability Per Tax Return in Wilkinson County, MS Over the Last 10 Years
Average total tax liability per tax return in Wilkinson County, Mississippi has exhibited some fluctuations over the past decade. Interestingly, although there was a noticeable dip from $5,594.09 in 2015 to a low point of $4,887.76 in 2019, recent data shows a rebound to $5,395.89 in 2021. Such variations may suggest economic shifts that could intrigue potential investors and appraisers. For those in real estate, this pattern might be a useful barometer for gauging longer-term economic resilience or fiscal policies likely impacting property values and market activity.
Cost of Living in Wilkinson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,037 | $1,347 | $1,877 | $477 | $841 |
| 1 adult 4 children | $1,037 | $1,100 | $1,400 | $477 | $865 |
| 2 adults 3 children | $1,037 | $1,101 | $1,646 | $477 | $677 |
| 1 adult 3 children | $1,037 | $898 | $1,169 | $477 | $657 |
| 2 adults 2 children | $766 | $901 | $1,416 | $414 | $602 |
| 2 adults 1 child | $766 | $712 | $1,185 | $210 | $613 |
| 1 adult 2 children | $766 | $673 | $938 | $414 | $515 |
| 1 adult 1 child | $766 | $460 | $708 | $210 | $504 |
| 2 adults | $611 | $572 | $955 | $0 | $573 |
| 1 adult | $608 | $312 | $477 | $0 | $516 |
Demographics
Wilkinson County, Mississippi, shows a notable disparity between male and female adult populations, with males potentially making up more of the workforce. Educational attainment reflects that most residents have at least a high school diploma, though a smaller fraction pursue higher education degrees. The age distribution indicates a substantial young population, but there’s also a considerable number of residents aged 55 and over, suggesting potential needs for varied community services.... Read more
Race Distribution in Wilkinson County, Mississippi (2022)
Educational Attainment in Wilkinson County, Mississippi (2022)
Age Distribution in Wilkinson County, Mississippi
Citizen Population in Wilkinson County, Mississippi (2022)
Political Trends & Data
Wilkinson County, Mississippi showed a strong Democratic preference in the 2020 U.S. Presidential Election, with roughly 66.6% of the votes going to the Democrats compared to 32.1% for the Republicans. Minor parties barely made a dent, totaling just over 2% combined, hinting at a stable two-party dynamic. This political leaning may affect regional policies and could be a factor in shaping local real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Wilkinson County, Mississippi, the 2020 U.S. Presidential Election data shows a notable leaning towards the Democratic party, which garnered approximately 66.6% of the votes. In contrast, the Republican party received around 32.1%, indicating a significant disparity in support. Minor parties had a minimal impact, with Libertarian and Green parties barely exceeding 2% combined. This voting pattern could suggest broader regional trends and shifting political dynamics within the county.
32.08% of voters voted for the Republican party in the 2020 Presidential Election
66.61% 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
0.22% of voters voted for the Green party in the 2020 Presidential Election
0.80% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wilkinson County, Mississippi has seen its student-to-teacher ratio drop from a high of 17 in 2017 to about 10 by 2023, now below the national average of 14. This trend could signal a more individualized academic setting, which may attract families prioritizing smaller classroom sizes. The local education shifts could enhance property value and create demand for housing, making it an appealing area for investors, property developers, and real estate... Read more
Student-to-teacher ratio in Wilkinson County, Mississippi over the last 10 years
Wilkinson County, Mississippi has experienced fluctuations in its student-to-teacher ratio over the last decade, peaking at 17 in 2017 and eventually dropping to nearly 10 by 2023. The current ratio of 10 students per teacher is below the national average of 14, which could suggest a more individualized academic environment, potentially attracting families who value lower classroom sizes. Investors, property developers, and real estate agents might find this trend appealing, as it indicates a potentially strong local education system that could drive demand for housing. Appraisers and insurance agents may view these educational shifts as factors that add value to properties in the area.
