Yazoo County Real Estate and Livability Trends
Yazoo County, Mississippi has shown notable growth in median home values, rising from $68,500 in 2015 to $117,800 in 2022, surpassing the statewide growth rate. Residential Energy Tax Credits spiked at $1,700.00 in 2018, indicating heightened investments in energy-efficient improvements. Real estate taxes are climbing, suggesting increasing property values despite a stable yet slightly declining... Read more
Yazoo County Market Trends
Yazoo County, Mississippi has experienced significant growth in median home values, with an increase from $68,500 in 2015 to $117,800 in 2022, outpacing the state's overall growth rate. This makes the area especially appealing to investors seeking affordable yet appreciating properties. Additionally, there has been a notable rise in Residential Energy Tax Credits, peaking at $1,700.00 in 2018,... Read more
Median Value of Occupied Housing Units in Yazoo County, Mississippi Over the Last 8 Years
Yazoo County, Mississippi has seen a consistent climb in median home values over the past eight years, peaking from $68,500 in 2015 to $117,800 in 2022. This represents a more aggressive growth rate compared to Mississippi as a whole, which saw its median home values rise from $103,100 to $151,000 in the same period. While still below the national average, these figures suggest a strengthening local housing market that may appeal to investors and potential homeowners looking for growth opportunities in a more affordable setting.
Residential Energy Tax Credit Per Tax Return in Yazoo County, MS Over the Last 9 Years
In Yazoo County, Mississippi, there has been a notable fluctuation in the average Residential Energy Tax Credit per tax return over the past nine years. The credit has seen a significant rise, with averages spiking to $1,700.00 in 2018, then balancing out around $1,533.33 by 2021. This trend may indicate increased investment in energy-efficient home improvements, potentially enhancing home values and energy savings for residents. It's an important metric for investors, real estate agents, and homeowners to consider when evaluating property and market dynamics in the area.
Average Real Estate Taxes Per Tax Return in Yazoo County, MS Over the Last 10 Years
Yazoo County, Mississippi has seen a notable rise in real estate taxes per tax return over the past decade, particularly between 2016 and 2018 where the average jumped from $1,903.70 to $2,633.33. This trend could suggest increasing property valuations or changes in tax rates. For potential investors, this information may highlight a growing real estate market, but it could also mean higher ownership costs. Real estate agents, appraisers, and insurance agents should be aware of these shifts to better advise clients on potential expenses and investment returns.
Percentage of Farm Returns in Yazoo County, MS Over the Last 10 Years
Over the last decade, Yazoo County, Mississippi has seen a relatively stable yet slightly declining trend in farm returns, hovering around 3.5% to 4.2% yearly. Farm returns, essentially the profits or financial gains from farm operations after expenses, are critical for investors or potential property owners to assess agricultural viability and economic health in the region. Notable for its slight decline, this trend may suggest shifts in agricultural productivity or market conditions which could be a consideration for investment strategies or relocation decisions.
Number of Mortgages by Occupancy Type in Yazoo County, MS Over the Last 5 Years in Yazoo County
Yazoo County, Mississippi has shown a relatively steady trend in the number of mortgages for principal residences over the past five years, peaking at 655 in 2021. Conversely, investment property mortgages have varied less dramatically, with a slight dip in recent years. Second residence mortgages have remained stable but consistently low, indicating limited demand. These patterns imply that the market for primary homes is the most dynamic, making it potentially lucrative for real estate agents and investors focusing on family-oriented properties. For appraisers and insurance agents, changes in occupancy type hint at varying risk levels and property valuations which are critical for accurate assessments and premiums. Builders may want to target projects catered to long-term residents, given the strong market for principal residences. Those considering moving to Yazoo County should be aware of the relatively stable real estate market, suggesting a balanced investment atmosphere with moderate fluctuations.
Economic Outlook
The average taxable income per tax return in Yazoo County, Mississippi, has typically hovered around the low $40,000s over the past nine years, showing slight dips but a general upward trend with peaks like $44,937.35 in 2021. State and local income taxes have fluctuated, peaking at $7,164.29 in 2020 and averaging around $5,000 annually, reflecting changing economic conditions and possibly influencing cost-of-living perceptions. The average total tax liability per tax return has generally... Read more
Average Taxable Income per Tax Return in Yazoo County, MS over the last 9 years
The average taxable income per tax return in Yazoo County, Mississippi, has seen some fluctuation over the past nine years, typically hovering around the low $40,000s. While there have been slight dips, such as in 2014 ($39,588.04) and rises, notably in 2018 ($42,638.18) and 2021 ($44,937.35), the general trend suggests a gradual increase. This implies a potentially strengthening local economy, which might appeal to prospective investors, homebuyers, and real estate professionals looking to capitalize on the region's financial growth.
Average State and Local Income Taxes Per Tax Return in Yazoo County, MS Over the Last 10 Years
Over the last decade, state and local income taxes per tax return in Yazoo County, Mississippi have shown fluctuations, peaking at $7,164.29 in 2020 and averaging around $5,000 annually. This variability may inform potential investors and property developers about changing economic conditions, tax policy adjustments, and cost-of-living shifts in the area. Real estate agents and insurance agents could use these trends to better assess local market and risk factors, making more informed decisions for their clients.
Average Total Tax Liability Per Tax Return in Yazoo County, MS Over the Last 10 Years
Over the past decade in Yazoo County, Mississippi, the average total tax liability per tax return has fluctuated, generally appearing to stay within the range of $6,000.00 to $7,400.00. The highest average tax liability was recorded in 2013 at approximately $7,438.11, while the lowest was seen in 2019 at around $6,167.03. This variation suggests a somewhat stable tax environment with occasional spikes, which could be crucial for potential investors, property builders, and insurance agents to consider when evaluating financial commitments and risks in the area.
Cost of Living in Yazoo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,011 | $1,379 | $1,914 | $703 | $877 |
| 1 adult 4 children | $1,011 | $1,126 | $1,427 | $703 | $917 |
| 2 adults 3 children | $1,011 | $1,127 | $1,679 | $703 | $714 |
| 1 adult 3 children | $1,011 | $920 | $1,192 | $703 | $702 |
| 2 adults 2 children | $831 | $922 | $1,444 | $611 | $652 |
| 2 adults 1 child | $831 | $729 | $1,209 | $310 | $647 |
| 1 adult 2 children | $831 | $689 | $957 | $611 | $563 |
| 1 adult 1 child | $831 | $471 | $722 | $310 | $540 |
| 2 adults | $650 | $586 | $974 | $0 | $583 |
| 1 adult | $646 | $319 | $487 | $0 | $532 |
Demographics
Yazoo County, Mississippi shows a notable gender imbalance with a higher male population. Educational attainment reflects a significant portion of residents holding only a high school diploma, with fewer achieving higher education degrees. The age distribution indicates a relatively young population, with a substantial number in the 25 to 34-year age range. Racial demographics reveal a majority Black or African American community, surpassing the White... Read more
Race Distribution in Yazoo County, Mississippi (2022)
Educational Attainment in Yazoo County, Mississippi (2022)
Age Distribution in Yazoo County, Mississippi
Citizen Population in Yazoo County, Mississippi (2022)
Political Trends & Data
In Yazoo County, Mississippi, the close 2020 U.S. Presidential Election results indicate that the political landscape could be quite balanced, with the Democratic candidate possibly holding around 52.7% of votes and Republicans approximately 46.3%. This nearly even split suggests that shifts in political sentiment could significantly impact future real estate trends, as political stability and policies often influence property values and investment decisions. Minor parties' slight presence,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Yazoo County, Mississippi, the 2020 U.S. Presidential Election results suggest that the Democratic candidate might have had a slight edge with around 52.7% of the votes. Meanwhile, Republicans were not far behind, potentially securing approximately 46.3% of the vote share. Minor parties, including the Libertarian and Green parties, collectively garnered slightly over 1% of the votes, implying their influence might have been minimal but not entirely negligible.
46.30% of voters voted for the Republican party in the 2020 Presidential Election
52.66% of voters voted for the Democrat party in the 2020 Presidential Election
0.20% 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
0.76% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Yazoo County, Mississippi, the student-to-teacher ratio has decreased from around 15 students in 2014 to about 13 students in 2023. This trend toward smaller class sizes indicates a focus on personalized attention and improved educational outcomes, making the area appealing for families and prospective real estate investors. The county's current ratio is now more favorable compared to the national average of 14 students per teacher, potentially enhancing property values and community... Read more
Student-to-teacher ratio in Yazoo County, Mississippi over the last 10 years
Over the past decade, the student-to-teacher ratio in Yazoo County, Mississippi has seen fluctuations but appears to be trending downward, dropping from around 15 students in 2014 to about 13 students in 2023. This trend indicates a shift towards smaller class sizes, which is a positive sign for those considering investment or relocation, as it often correlates with more personalized attention and better educational outcomes. Investors in real estate or property development can take note, as improving education metrics can be a strong selling point for families. For appraisers and insurance agents, these changes might signify an enhanced community aspect, which could affect property values and insurance premiums accordingly. Compared to the national average of 14 students per teacher, Yazoo County has improved to become more favorable for education, which might be enticing for prospective teachers as well.
