Clarke County Real Estate and Livability Trends
In Clarke County, Alabama's real estate market, median home values have surged from $85,900 in 2016 to $126,200 by 2022, outpacing both state and national growth. Rising residential energy tax credits, peaking at $1,740.00 in 2018, indicate a strong push for sustainable living, appealing to eco-conscious buyers. Meanwhile, stable agricultural tax returns underscore the resiliency of the local... Read more
Clarke County Market Trends
Clarke County, Alabama's real estate market has been experiencing dynamic growth, with median home values soaring from $85,900 in 2016 to $126,200 by 2022, outpacing both state and national trends. This noteworthy increase suggests heightened market interest and potential for investment. The county's rising residential energy tax credits, which peaked at $1,740.00 in 2018, highlight a commitment... Read more
Median Value of Occupied Housing Units in Clarke County, Alabama Over the Last 8 Years
The median home values in Clarke County, Alabama have shown dynamic growth, particularly in recent years. Starting from $86,900 in 2015, home values dipped slightly in 2016 to $85,900, then surged to $126,200 by 2022. This increase represents a significant growth rate compared to both the state of Alabama and national trends. Nationally, median home values were $125,500 in 2015, growing steadily to $179,400 in 2022, while Alabama’s values mirrored this trajectory. Clarke County's faster growth relative to state and national averages could imply increased investment potential and growing market interest in the region, making it an attractive option for potential investors, developers, and new residents.
Residential Energy Tax Credit Per Tax Return in Clarke County, AL Over the Last 9 Years
Clarke County, Alabama has seen a significant rise in residential energy tax credits per tax return over the last nine years. Starting from $382.61 in 2013, the credits surged dramatically to $1,740.00 in 2018, reflecting growing investments in energy-efficient home improvements. Although there was a dip to $1,400.00 in 2020, the credits bounced back to $1,693.10 in 2021. This consistent upward trend signals an increasing commitment to sustainable living, making the county an attractive spot for eco-conscious investors and property developers.
Average Real Estate Taxes Per Tax Return in Clarke County, AL Over the Last 10 Years
Over the past decade, Clarke County, Alabama, has seen a significant increase in average real estate taxes per tax return. Starting from $770.27 in 2012, taxes have steadily risen, spiking sharply between 2017 and 2018 to reach over $1,197.50. By 2021, the average tax per return was about $1,416.67. This upward trend may indicate growing property values or changes in local tax policies, making it crucial for potential investors or homeowners to stay informed on fiscal shifts in the area.
Percentage of Farm Returns in Clarke County, AL Over the Last 10 Years
Over the past decade in Clarke County, Alabama, the percentage of farm tax returns has fluctuated, peaking at 4.53% in 2018 and dropping to its lowest, 3.83%, in 2020. Farm tax returns indicate the proportion of taxable revenue generated by agricultural activities. This trend is crucial for investors and potential residents, as it reflects the economic viability and sustainability of farming in the area. Given the general stability and occasional growth, Clarke County's agriculture sector is relatively resilient, a key factor for those considering agricultural investments or seeking a rural lifestyle. The presence of a steady farm economy can influence land value and community resources, making it a point of interest for property development and relocation decisions.
Number of Mortgages by Occupancy Type in Clarke County, AL Over the Last 5 Years in Clarke County
A review of mortgage data from Clarke County, Alabama over the past five years shows notable trends: Principal Residence mortgages have consistently outnumbered other types, though fluctuations are evident, peaking at 897 in 2021. Investment Property mortgages have generally remained steady, albeit at a significantly lower volume, with the most substantial count of 50 in 2020. Second Residence mortgages stay the lowest, with minor variances. These occupancy type shifts could signal growing or declining market interest, affecting investment strategies, housing market stability, and related valuations, thus impacting investors, real estate professionals, and residents alike.
Economic Outlook
In Clarke County, Alabama, the average taxable income per tax return has been on an upward trajectory over the past nine years, hitting a high of $54,467.14 in 2021, up from $47,530.25 in 2013. State and local income taxes have also surged, climbing from $3,416.36 in 2012 to $7,927.78 in 2021, illustrating heightened fiscal demands on residents. Although the average total tax liability has fluctuated, it has settled around mid $7,000 in recent years, closing at $7,577.93 in 2021. These trends... Read more
Average Taxable Income per Tax Return in Clarke County, AL over the last 9 years
Over the last nine years, Clarke County, AL has seen a consistent upward trend in average taxable income per tax return, peaking dramatically in 2021 at $54,467.14. While there were minor fluctuations, the increase from $47,530.25 in 2013 to the current value indicates broader economic growth and potentially increased earning opportunities for residents. This positive shift in income levels reflects a more prosperous local economy, making Clarke County an attractive option for potential new residents seeking economic stability.
Average State and Local Income Taxes Per Tax Return in Clarke County, AL Over the Last 10 Years
Over the last decade, Clarke County, AL has experienced a notable increase in state and local income taxes per tax return, rising from $3,416.36 in 2012 to $7,927.78 in 2021. This significant uptick, especially the sharp escalation post-2017, indicates growing financial obligations for residents, surpassing over double the initial amount within ten years. This trend is crucial for prospective residents and current homeowners to consider, as it highlights a continuously evolving fiscal landscape that impacts disposable income and overall cost of living in the area.
Average Total Tax Liability Per Tax Return in Clarke County, AL Over the Last 10 Years
Clarke County, Alabama has seen a fluctuating average total tax liability per tax return over the past decade, with notable peaks in 2013 at $7,640.44 and troughs in 2012 at $6,282.19. Despite these variations, the recent years reflect a stabilization around the mid $7,000 mark, closing at $7,577.93 in 2021. Investors and potential homeowners might find these trends indicative of broader economic factors at play, hinting at increasing economic activity or shifts in the local tax code.
Cost of Living in Clarke County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,052 | $1,327 | $1,917 | $1,291 | $1,225 |
| 1 adult 4 children | $1,052 | $1,084 | $1,430 | $1,291 | $1,241 |
| 2 adults 3 children | $1,052 | $1,084 | $1,682 | $1,291 | $998 |
| 1 adult 3 children | $1,052 | $885 | $1,194 | $1,291 | $1,022 |
| 2 adults 2 children | $740 | $887 | $1,446 | $1,119 | $858 |
| 1 adult 2 children | $740 | $663 | $959 | $1,119 | $759 |
| 2 adults 1 child | $740 | $701 | $1,210 | $559 | $776 |
| 1 adult 1 child | $740 | $453 | $723 | $559 | $629 |
| 2 adults | $573 | $563 | $975 | $0 | $642 |
| 1 adult | $560 | $307 | $487 | $0 | $533 |
Safety trends & Data
Clarke County, Alabama has experienced some variability in property crime over the past five years that could influence real estate market dynamics. Notably, burglary incidents have decreased significantly from 32.0 in 2019 to 17.0 in 2022, and although larceny-theft dropped initially, there was a slight uptick to 52.0 incidents last year. Motor vehicle theft was on the rise until 2021 but saw a minor decrease to 9.0 incidents in 2022. Fraud saw a sharp rise to 16.0 cases in 2022 compared to... Read more
Property Crime Trends in Clarke County, AL Over the Last 5 Years
Clarke County, Alabama has witnessed fluctuating property crime numbers over the past five years. Burglary shows a notable decrease from 32.0 incidents in 2019 to 17.0 in 2022, while Larceny-Theft initially declined but saw a slight increase to 52.0 incidents by 2022. Motor Vehicle Theft rose from 3.0 in 2018 to 12.0 in 2021, before settling at 9.0 in 2022. Embezzlement incidents have remained minimal, never exceeding 2.0 per year. Fraud spiked to 16.0 cases in 2022, up from just 3.0 in 2019. Understanding these trends is crucial for potential investors, property developers, and insurance agents to assess risks and make informed decisions.
Demographics
Clarke County, Alabama shows a slight female majority with women making up 9,539 of the adult population compared to 8,343 men. Education levels hint at a community with solid high school completion rates but fewer individuals pursuing higher education, as 6,569 are high school graduates and bachelor’s degrees and higher amount to 2,205 combined. The age distribution seems relatively balanced with noticeable peaks in the 55 to 64 years range. Racial demographics indicate a near-even split... Read more
Race Distribution in Clarke County, Alabama (2022)
Educational Attainment in Clarke County, Alabama (2022)
Age Distribution in Clarke County, Alabama
Citizen Population in Clarke County, Alabama (2022)
Political Trends & Data
In Clarke County, Alabama, the 2020 U.S. Presidential Election saw approximately 56% of votes favoring the Republican party, while Democrats secured around 44%. Other parties, such as Libertarians and Greens, seemingly had minimal impact, collectively capturing merely a small fraction of the votes. This voting pattern could suggest a prevailing conservative tilt in the county, possibly influencing local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Clarke County, Alabama, the 2020 U.S. Presidential Election results seemingly favored the Republican party with approximately 56% of the votes, while the Democrats garnered about 44%. Other parties, including Libertarians and Greens, didn't appear to make a significant impact, collectively receiving just a fraction of the total vote. This trend might reflect broader political leanings within the county, hinting at a potential conservative majority.
55.76% of voters voted for the Republican party in the 2020 Presidential Election
43.81% of voters voted for the Democrat party in the 2020 Presidential Election
0.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Clarke County, Alabama, the student-to-teacher ratio has generally fluctuated around 16 to 17 over the past decade, peaking at 16.98 in 2015. However, in 2023, it dropped to 14.73, nearing the national average of 14. This decline may indicate enhanced educational resources and teacher accessibility, potentially increasing the area's attractiveness for families and influencing property values. This shift might also affect school-linked risk assessments and valuation models for appraisers and... Read more
Student-to-teacher ratio in Clarke County, Alabama over the last 10 years
Over the last decade in Clarke County, Alabama, the student-to-teacher ratio has generally hovered from about 16 to 17, peaking at 16.98 in 2015. However, there's a notable shift in 2023, with the ratio dropping to 14.73, which is closer to the national average of 14. For potential investors, real estate developers, and families considering moving into the area, this recent decrease might signify an improvement in educational resources and teacher accessibility. These changes could potentially boost the appeal of Clarke County as a residential location, affecting property values and community investment opportunities. For appraisers and insurance agents, this evolving educational metric may influence school-linked risk assessments and valuation models.
