Winston County Real Estate and Livability Trends
Winston County, Mississippi's real estate market has implications tied to economic, tax, and safety trends. Average income per tax return has shown a steady rise, suggesting economic growth, while real estate taxes have seen a notable increase, possibly impacting investment decisions. Median home values surged by 40% from 2015 to 2022, signaling a strong housing market. Meanwhile, the uptick in... Read more
Winston County Market Trends
Winston County's median home values have climbed significantly from $78,600 in 2015 to $110,100 in 2022, representing a robust 40% increase, albeit more modest than Mississippi's 46% rise. Fluctuations in average residential energy tax credits per tax return, peaking in 2018 and 2021, indicate possible spikes in energy-efficient home improvements. Real estate taxes have seen a notable upward... Read more
Median Value of Occupied Housing Units in Winston County, Mississippi Over the Last 8 Years
Winston County's median home values have climbed significantly over the past eight years, moving from $78,600 in 2015 to $110,100 in 2022. This represents a robust 40% increase, outpacing the broader state of Mississippi's rise from $103,100 to $151,000, which is roughly a 46% jump. When you compare Winston County to the national landscape, where median values in the U.S. surged from $125,500 to $179,400, it's clear that local growth is more modest but still solid. These trends could suggest a developing market, where values have room to grow, providing potential opportunities for investors and homebuyers looking for relatively affordable yet appreciating real estate in Mississippi.
Residential Energy Tax Credit Per Tax Return in Winston County, MS Over the Last 9 Years
Winston County, Mississippi has seen fluctuating average residential energy tax credits per tax return over the past nine years. Noteworthy peaks occurred in 2018 and 2021, with values hitting $1040.00 and $909.52 respectively. These sharp increases might indicate spikes in energy-efficient home improvements or new installations during these periods. For those considering real estate investment or property building, these variances suggest potential opportunities for leveraging tax credits when planning energy-efficient projects. Insurance agents and appraisers might find this data useful to understand potential impacts on property valuations.
Average Real Estate Taxes Per Tax Return in Winston County, MS Over the Last 10 Years
Winston County, Mississippi, has seen a notable upward trend in real estate taxes per tax return over the past decade. Starting at $1,347.87 in 2012, the average annual tax jumped significantly to $2,663.64 by 2020. The most substantial year-to-year increase occurred between 2016 and 2017 when taxes rose from $1,411.58 to $1,669.39, and again between 2017 and 2018, from $1,669.39 to $2,196.30. These rising taxes could impact decision-making for potential investors, property buyers, and current homeowners considering changes based on tax liabilities.
Percentage of Farm Returns in Winston County, MS Over the Last 10 Years
The percentage of farm tax returns in Winston County, Mississippi, has shown a subtle but noticeable upward trend over the past decade, peaking most recently in 2021 at around 10.47%. Starting from a lower base of approximately 8.63% in 2012, the percentage has generally seen incremental growth with minor fluctuations. Farm tax returns are typically filed by farmers to report income and expenses related to agricultural activities, influencing local economic indicators. This trend is essential for investors and those looking to move to Winston County as it might suggest a fairly stable agricultural sector and potential for rural development. Whether you're considering property development or interested in the economic pulse of the area, these farm return percentages could be reflective of community health and agricultural viability.
Number of Mortgages by Occupancy Type in Winston County, MS Over the Last 5 Years in Winston County
Over the past five years in Winston County, Mississippi, the number of mortgages for principal residences has remained relatively stable with a slight increase, while investment property mortgages experienced minor fluctuations. Second residence mortgages showed a notable decrease in 2020 but bounced back by 2022. Changes in occupancy types can signal shifts in market demand, economic stability, and investment potential, impacting decisions for potential investors, real estate agents, and policymakers. Understanding these trends helps in assessing property values, investment risks, and growth opportunities, thus aiding in strategic planning and decision-making.
Economic Outlook
Winston County, Mississippi has seen a gradual rise in average taxable income per tax return, growing from $38,438.97 in 2013 to $49,600.93 in 2021, which may hint at an improving local economy. Simultaneously, state and local income taxes have more than doubled, from $3,861.22 in 2012 to $7,704.17 in 2021, likely signaling increasing incomes or rising tax rates. The average total tax liability per tax return has likewise climbed, reflecting potential economic growth. These trends could be... Read more
Average Taxable Income per Tax Return in Winston County, MS over the last 9 years
Winston County, Mississippi has shown a gradual rise in average taxable income per tax return over the past nine years. Starting at $38,438.97 in 2013, it steadily increased, reaching $49,600.93 in 2021. This trend might indicate a strengthening local economy, which could be relevant for potential investors, property builders, real estate agents, and those considering moving to the area. However, it will also be important for insurance agents and appraisers to monitor these changes as they can influence premiums and property values.
Average State and Local Income Taxes Per Tax Return in Winston County, MS Over the Last 10 Years
Winston County, Mississippi has seen a significant increase in average state and local income taxes per tax return over the past decade. From $3,861.22 in 2012, taxes escalated to $7,704.17 by 2021, with a sharp spike between 2017 and 2018. This trend could suggest rising local or state tax rates, changing income levels, or both. For potential investors and those considering relocating, this uptick in taxes highlights the need to factor in higher living costs. Appraisers and insurance agents should be aware of these shifts as they may affect property values and insurance premiums. Real estate agents should also prepare clients for these financial implications.
Average Total Tax Liability Per Tax Return in Winston County, MS Over the Last 10 Years
Over the past decade, Winston County, Mississippi has experienced a notable upward trend in the average total tax liability per tax return, rising from $5,266.53 in 2012 to $7,105.56 in 2021. This gradual increase, particularly the significant growth from 2015 onward, might indicate an expanding economic base or increasing income levels for residents. Investors, appraisers, and real estate agents might see this as a sign of economic development, while prospective homeowners or businesses could anticipate a higher cost of living or doing business. Insurance agents might also consider these trends when assessing risk and determining policy rates.
Cost of Living in Winston County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,014 | $1,283 | $1,877 | $572 | $827 |
| 1 adult 4 children | $1,014 | $1,048 | $1,400 | $572 | $855 |
| 2 adults 3 children | $1,014 | $1,048 | $1,646 | $572 | $670 |
| 1 adult 3 children | $1,014 | $856 | $1,169 | $572 | $655 |
| 2 adults 2 children | $766 | $858 | $1,416 | $504 | $594 |
| 2 adults 1 child | $766 | $678 | $1,185 | $282 | $617 |
| 1 adult 2 children | $766 | $641 | $938 | $504 | $514 |
| 1 adult 1 child | $766 | $438 | $708 | $282 | $517 |
| 2 adults | $582 | $545 | $955 | $0 | $562 |
| 1 adult | $578 | $297 | $477 | $0 | $516 |
Safety trends & Data
Winston County, Mississippi has seen notable fluctuations in property crime over the past three years, with significant increases in burglary and larceny-theft, especially in 2022 when larceny-theft incidents surged to 24 from just 4 in 2021. Vandalism also rose, reaching 9 reported cases in 2022 compared to 4 in 2020. These crime trends might signal potential concerns for investors, home buyers, appraisers, and insurance agents, making it essential to consider these patterns when assessing... Read more
Property Crime Trends in Winston County, MS Over the Last 3 Years
Winston County, Mississippi has experienced notable fluctuations in property crime over the past three years, with an alarming rise in certain activities. Crimes like burglary and larceny-theft have seen significant increases, especially in 2022 when larceny-theft incidents spiked to 24 from just 4 in 2021. Vandalism also surged, reaching 9 reported cases in 2022 compared to 4 in 2020. These trends could signal potential areas of concern for investors, home buyers, appraisers, insurance agents, and real estate professionals. Being aware of these patterns is crucial for gauging potential risks and making informed decisions regarding property investments and safety measures.
Demographics
Winston County, Mississippi, presents a relatively balanced gender split among adults, showing a slightly higher female population. Educational attainment reveals most residents have completed high school, while fewer pursue higher education, with a notable number achieving some college education without a degree. The age distribution is skewed towards middle-aged adults and seniors, potentially indicating a stable workforce and significant elderly demographic. Racial composition is... Read more
Race Distribution in Winston County, Mississippi (2022)
Educational Attainment in Winston County, Mississippi (2022)
Age Distribution in Winston County, Mississippi
Citizen Population in Winston County, Mississippi (2022)
Political Trends & Data
Winston County, Mississippi, appeared to have a predominantly Republican electorate in the 2020 U.S. Presidential Election, with just over 55% potentially leaning towards the party. Democrats might have captured around 44%, indicating a modest competition between the two major parties. Third-party influence seemed negligible, possibly accounting for less than 1% of the votes combined, pointing to a strong bipartisan... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Winston County in Mississippi leaned Republican in the 2020 U.S. Presidential Election, with just over 55% potentially favoring the party. Democrats might have garnered roughly 44% of the vote, showing a modest two-party competition. Minor parties such as the Libertarians and the Green Party had minimal impact, possibly accumulating less than 1% of the votes combined. This suggests a predominantly bipartisan electorate with limited third-party influence.
55.35% of voters voted for the Republican party in the 2020 Presidential Election
43.74% of voters voted for the Democrat party in the 2020 Presidential Election
0.44% of voters voted for the Livertarian party in the 2020 Presidential Election
0.04% of voters voted for the Green party in the 2020 Presidential Election
0.42% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Winston County, Mississippi has seen fluctuations in its student-to-teacher ratio, peaking at nearly 16:1 in 2018 and declining to just over 11:1 in 2023. Such a shift may suggest a more individualized educational environment, which could appeal to families, impacting real estate desirability. This trend might also signal potential stability in property values and community demographics, a factor of interest for investors, real estate agents, appraisers, and insurance... Read more
Student-to-teacher ratio in Winston County, Mississippi over the last 10 years
Over the past decade, Winston County, Mississippi has seen some fluctuations in its student-to-teacher ratio. The ratio peaked at nearly sixteen students per teacher in 2018, compared to the national average of fourteen. However, it has gradually declined in recent years, reaching just over eleven in 2023. These changes in student-to-teacher ratios could be significant for investors, real estate agents, appraisers, and those planning to move to or build in the area as a lower ratio may indicate a more favorable, individualized educational environment. For insurance agents and appraisers, this trend could be a signal for potential future stability in property values and community demographics.
