Yalobusha County Real Estate and Livability Trends
Yalobusha County, Mississippi, with its median home value at $94,100 in 2022, presents a budget-friendly option compared to the state's $151,000 and the national median of $179,400. Real estate taxes have seen a considerable rise from $1,353.13 in 2012 to $2,238.46 in 2021, likely pointing to increased property values or higher tax rates. Interestingly, mortgage data indicates a decline in... Read more
Yalobusha County Market Trends
Yalobusha County, Mississippi, with a median home value of $94,100 in 2022, offers an affordable alternative to the state's $151,000 median and the national median of $179,400. In 2018, residential energy tax credits peaked at $1,550.00, reflecting a spike in energy-efficient home improvements. Real estate taxes have risen significantly from $1,353.13 in 2012 to $2,238.46 in 2021, possibly... Read more
Median Value of Occupied Housing Units in Yalobusha County, Mississippi Over the Last 8 Years
Yalobusha County, Mississippi has experienced a fluctuating yet upward trajectory in median home values over the past eight years, closing at $94,100 in 2022. This is well below the national median of $179,400 and also lower compared to the state median of $151,000 for the same year. The relatively lower median values in Yalobusha County could offer a more affordable entry point for potential homebuyers or investors looking to capitalize on the trend of increasing property values without the heftier price tags seen at the state and national levels.
Residential Energy Tax Credit Per Tax Return in Yalobusha County, MS Over the Last 9 Years
Over the last nine years, Yalobusha County, Mississippi has seen fluctuations in the residential energy tax credit per tax return with a notable peak in 2018 reaching $1,550.00. The substantial increase from $550.00 in 2017 to $1,550.00 in 2018 might indicate significant incentives or heightened investment in energy-efficient home improvements during that period. Post-2018, the average credits have moderated but remained relatively high compared to earlier years, suggesting a sustained interest in energy efficiency. These trends could be attractive to investors and real estate agents eyeing green-conscious buyers, as well as insurance agents assessing property value and potential risks tied to energy efficiency.
Average Real Estate Taxes Per Tax Return in Yalobusha County, MS Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Yalobusha County, Mississippi have generally increased from $1,353.13 in 2012 to $2,238.46 in 2021, with notable spikes in recent years. This upward trend could indicate rising property values or increased tax rates, which may impact investment decisions, property appraisals, and insurance premiums. Those looking to move to Yalobusha County might consider the potential for higher tax liabilities, while real estate professionals could use this data to adjust their market strategies accordingly.
Percentage of Farm Returns in Yalobusha County, MS Over the Last 10 Years
In Yalobusha County, Mississippi, the percentage of farm tax returns has shown modest fluctuations over the last decade. Starting from 4.81% in 2012 and peaking at 5.37% in 2018, there has been a slight dip to 4.60% by 2021. Farm tax returns reflect the income and productivity of local agriculture, serving as an economic indicator. Investors, potential residents, and property developers might find these trends suggestive of a stable agricultural sector with minor year-to-year variations, indicating a consistent but potentially under-utilized farming economy.
Number of Mortgages by Occupancy Type in Yalobusha County, MS Over the Last 5 Years in Yalobusha County
Over the past five years in Yalobusha County, Mississippi, the number of mortgages for principal residences consistently outpaced those for investment properties and second residences. A noticeable decline in principal residence mortgages from 399 in 2020 to 339 in 2022 might suggest a cooling housing market or shifting demographics. Investment property mortgages have seen less volatility, which could indicate stable investor interest. Second residences varied significantly, peaking at 23 in 2021, possibly hinting at short-term trends influenced by broader market forces. These shifts in occupancy types can significantly impact local real estate values, insurance assessments, investment strategies, and community planning for future growth.
Economic Outlook
Yalobusha County, Mississippi, has seen a steady rise in average taxable income per tax return over the past nine years, climbing from $35,706.82 in 2013 to $44,874.05 in 2021. This growth trend, averaging about $1,216.63 annually, points to a perhaps strengthening local economy. Tax trends reveal average state and local income taxes peaking at an approximate $5,713.33 in 2020 before dipping to around $4,784.62 in 2021, which might imply recent economic shifts or tax policy changes. The average... Read more
Average Taxable Income per Tax Return in Yalobusha County, MS over the last 9 years
Over the past nine years, Yalobusha County in Mississippi has seen a gradual increase in the average taxable income per tax return, rising from $35,706.82 in 2013 to $44,874.05 in 2021. This steady growth, averaging around $1,216.63 per year, may indicate a strengthening local economy. For prospective investors, this trend could suggest a potentially stable market for real estate and business ventures. Those moving in or living here might also find the rising incomes reflective of better job opportunities or an improving standard of living, while appraisers, insurance agents, and real estate professionals might consider this data point when evaluating property values, premiums, or market demand.
Average State and Local Income Taxes Per Tax Return in Yalobusha County, MS Over the Last 10 Years
Over the last decade in Yalobusha County, Mississippi, there has been noticeable fluctuation in average state and local income taxes per tax return. Starting at around $3,028.57 in 2012, the amounts generally increased, hitting a peak of approximately $5,713.33 in 2020. This upward trend could interest real estate investors and developers, hinting at economic activities and potential for growth. However, the decline to roughly $4,784.62 in 2021 might suggest a recent economic downturn or changes in tax policy. These insights are crucial for appraisers, insurance agents, and those planning to move to or invest in the area, offering a glimpse into the financial landscape of Yalobusha County.
Average Total Tax Liability Per Tax Return in Yalobusha County, MS Over the Last 10 Years
Yalobusha County, Mississippi, has seen a generally upward trend in average total tax liability per tax return over the last decade, fluctuating yet increasing from $4,273.46 in 2012 to $5,423.06 in 2021. This trend might hint at a gradually rising income or property values, impacting decisions for potential investors and real estate agents. Appraisers and insurance agents might consider these upward shifts when evaluating property values or calculating premiums, while new residents and builders might need to factor in potentially higher tax liabilities into their financial planning.
Cost of Living in Yalobusha County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,089 | $1,363 | $1,877 | $461 | $856 |
| 1 adult 4 children | $1,089 | $1,113 | $1,400 | $461 | $888 |
| 2 adults 3 children | $1,089 | $1,114 | $1,646 | $461 | $695 |
| 1 adult 3 children | $1,089 | $909 | $1,169 | $461 | $680 |
| 2 adults 2 children | $766 | $912 | $1,416 | $406 | $602 |
| 2 adults 1 child | $766 | $721 | $1,185 | $228 | $617 |
| 1 adult 2 children | $766 | $681 | $938 | $406 | $517 |
| 1 adult 1 child | $766 | $465 | $708 | $228 | $513 |
| 2 adults | $582 | $579 | $955 | $0 | $570 |
| 1 adult | $578 | $316 | $477 | $0 | $519 |
Safety trends & Data
Yalobusha County, Mississippi has seen fluctuating property crime rates over the past three years, with larceny-theft dropping from 12 cases in 2020 to just 5 in 2022. Vandalism incidents have also seen a sharp decline from 11 in 2020 to only 1 by 2022. Burglary numbers remained consistent with 2 cases each in 2020 and 2022, while forgery, counterfeiting, and fraud occurrences have been sporadic. These trends might suggest improved security or other social factors, potentially making Yalobusha... Read more
Property Crime Trends in Yalobusha County, MS Over the Last 3 Years
Over the past three years, Yalobusha County, Mississippi has experienced some variability in property crimes. Larceny-theft, which saw 12 occurrences in 2020, has shown a significant decrease by 2022, dropping to just 5 cases. Vandalism incidents peaked at 11 in 2020 but have sharply declined to only 1 case by 2022. While burglary numbers remained consistent with 2 cases reported both in 2020 and 2022, other crimes like forgery, counterfeiting, and fraud have had sporadic occurrences. This trend might suggest improved security measures or other social factors influencing crime rates, presenting a potentially safer environment for new residents and investors. However, such fluctuations warrant attention from appraisers, insurance agents, and anyone with a vested interest in local real estate markets.
Demographics
Yalobusha County, Mississippi shows a slightly larger female population compared to males. Educational attainment trends indicate a significant portion of the adult population has completed high school, but fewer have pursued higher education. The age distribution suggests a relatively balanced spread across different age brackets, with a notable presence of residents aged 55 to 64 years. Racial demographics are predominantly White and Black or African American, with other racial groups making... Read more
Race Distribution in Yalobusha County, Mississippi (2022)
Educational Attainment in Yalobusha County, Mississippi (2022)
Age Distribution in Yalobusha County, Mississippi
Citizen Population in Yalobusha County, Mississippi (2022)
Political Trends & Data
In Yalobusha County, Mississippi, Republicans might have had a notable lead in the 2020 U.S. Presidential Election with approximately 56% of the vote, while Democrats possibly trailed with around 43%. Minor parties, such as the Libertarians and Greens, seemingly captured only about 1%, reflecting a minimal impact. This competitive political landscape could mirror broader trends seen at the state and national... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Yalobusha County, Mississippi, Republican candidates potentially held a significant edge in the 2020 U.S. Presidential Election, capturing around 56% of the vote. Democrats possibly secured roughly 43%, suggesting a competitive political landscape. Minor parties, including the Libertarians and Greens, might have only garnered a minimal fraction of the votes, collectively totaling around 1%. This distribution could reflect broader state and national political dynamics.
56.17% of voters voted for the Republican party in the 2020 Presidential Election
42.62% of voters voted for the Democrat party in the 2020 Presidential Election
0.40% 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
0.70% of voters voted for the Other party in the 2020 Presidential Election
School Data
Yalobusha County, Mississippi, has maintained a student-to-teacher ratio of around 12 students per teacher, below the national average of 14. This ratio may attract families seeking better individual attention and resources for their children, adding value to property investments. Real estate agents, appraisers, and insurance agents may find this detail noteworthy as it might influence property values and risk assessments, while developers could see it as a positive factor when planning new... Read more
Student-to-teacher ratio in Yalobusha County, Mississippi over the last 10 years
Yalobusha County, Mississippi, has shown a student-to-teacher ratio that has generally hovered around 12 students per teacher over the past decade, slightly below the national average of 14 students per teacher. This more favorable ratio could be an attractive consideration for families looking to move to the area, as it suggests potentially better individual student attention and resources in local schools. Property investors and real estate agents may find this appealing when marketing homes to families. Appraisers and insurance agents might note that such ratios can subtly impact property values and policy risk assessments. Developers might also find this significant when planning new residential projects, as it may point to a more favorable educational environment for future residents.
