Clay County Real Estate and Livability Trends
Clay County, Alabama has seen average taxable income per tax return rise significantly, from $38,095.50 in 2013 to $55,043.26 in 2021. However, this economic growth is paired with a sharp increase in average state and local taxes, reaching $16,883.33 by 2020. Median home values in the county have jumped to $144,100 in 2022, still below the state median, suggesting affordability. Property crime... Read more
Clay County Market Trends
Clay County, Alabama has seen median home values jump from $84,100 in 2015 to $144,100 in 2022, still lower than Alabama's median of $179,400, offering a more accessible entry point for homeownership. The county's average residential energy tax credit per tax return grew from $260.00 in 2013 to $733.33 by 2021, reflecting greater incentives for energy-efficient home improvements. Real estate... Read more
Median Value of Occupied Housing Units in Clay County, Alabama Over the Last 8 Years
Clay County, Alabama has seen a significant rise in median home values from $84,100 in 2015 to $144,100 in 2022. Though this growth pattern closely mirrors Alabama's state trends, Clay County's housing prices remain notably lower than the state median, with Alabama reaching $179,400 in 2022. For potential investors or those considering a move to this area, this discrepancy could indicate a more accessible entry point into homeownership while still benefiting from an upward trend in property values. Compared to the national average, which hit $179,400 in 2022, Clay County's market remains more affordable, appealing to buyers looking for cost-effective property options.
Residential Energy Tax Credit Per Tax Return in Clay County, AL Over the Last 8 Years
Clay County, Alabama has seen a significant rise in the average residential energy tax credit per tax return over the last eight years. Starting at $260.00 in 2013, it surged to $733.33 by 2021. Notably, the largest jumps occurred after 2017, reflecting increased incentives for energy-efficient home improvements. This trend underscores the growing focus on sustainability, making it an appealing time for eco-conscious investors and homeowners in the area.
Average Real Estate Taxes Per Tax Return in Clay County, AL Over the Last 10 Years
Real estate taxes in Clay County, Alabama have shown noticeable fluctuation over the past decade, peaking dramatically in recent years. In 2018, there was a significant jump to $1082.35 per tax return, continuing to climb to $1242.86 by 2021. This trend could be indicative of rising property values or changes in tax policy, impacting those considering investment or residency in the area. While the early part of the decade saw values mostly below $800.00, the consistent increase in the latter years suggests a shifting economic landscape in the county.
Percentage of Farm Returns in Clay County, AL Over the Last 10 Years
Farm tax returns in Clay County, Alabama have seen subtle fluctuations over the past decade, generally hovering around 6.5% to 7.2%. This data reveals a relatively stable agricultural economy, which is crucial for investors and potential property builders interested in the region's rural market stability. With peaks like 7.27% in 2017 and mild dips to around 6.34% in 2020, the slight variations indicate consistent levels of farming activity and farm-related income stability, underscoring Clay County's resilience and attractiveness as a potential investment area in the agricultural sector.
Number of Mortgages by Occupancy Type in Clay County, AL Over the Last 5 Years in Clay County
Real estate investors, appraisers, and insurance agents may find Clay County, Alabama experiencing a steady increase in mortgages for principal residences over the last five years, with numbers growing from 322 in 2018 to 441 in 2022. Investment properties and second residences have seen minimal fluctuation, though there’s a slight, gradual rise in investment property mortgages, peaking at 8 in 2021. This trend could indicate a stable demand for primary homes, potentially driving up property values and insurance coverage requirements. Fluctuations in occupancy types can signal shifts in market dynamics, with implications for pricing strategies, risk assessment, and investment decisions. For those moving to or building property in this area, these trends might suggest a growing appeal for permanent residency over short-term or investment holdings.
Economic Outlook
Over the past nine years, Clay County, Alabama has experienced a notable surge in average taxable income per tax return, climbing from $38,095.50 in 2013 to $55,043.26 in 2021, hinting at a bolstered local economy. However, the average state and local income taxes have also spiked substantially, hitting $16,883.33 in 2020, a significant increase from $3,028.57 in 2012. This rise in taxes coincides with a higher average tax liability per return, which grew from $4,780.11 in 2012 to $7,606.33 in... Read more
Average Taxable Income per Tax Return in Clay County, AL over the last 9 years
Over the past nine years, Clay County, AL has seen a significant increase in the average taxable income per tax return, rising from $38,095.50 in 2013 to $55,043.26 in 2021. This nearly consistent upward trend indicates a strengthening local economy and potentially improved job opportunities, making the area more attractive for prospective residents and encouraging current residents to stay.
Average State and Local Income Taxes Per Tax Return in Clay County, AL Over the Last 10 Years
Over the last decade in Clay County, AL, average state and local income taxes per tax return have seen a significant upward trend, moving from $3,028.57 in 2012 to a peak of $16,883.33 in 2020. The data indicates a notable spike starting in 2018, with a dramatic increase each subsequent year. This escalation could impact decisions for current and potential residents, making it essential to factor in rising tax burdens when considering long-term financial planning and cost of living in the area.
Average Total Tax Liability Per Tax Return in Clay County, AL Over the Last 10 Years
In Clay County, Alabama, average tax liability per return has shown significant growth over the past decade, reflecting a strong economic trajectory. From a low of $4,780.11 in 2012, liabilities surged to $7,606.33 by 2021, peaking at $7,844.13 in 2020. This trend suggests increasing income levels and property values, making it a compelling area for investors and new residents seeking to tap into a steadily growing local economy.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,001 | $1,283 | $1,917 | $954 | $1,061 |
| 1 adult 4 children | $1,001 | $1,048 | $1,430 | $954 | $1,056 |
| 2 adults 3 children | $1,001 | $1,048 | $1,682 | $954 | $869 |
| 1 adult 3 children | $1,001 | $856 | $1,194 | $954 | $842 |
| 2 adults 2 children | $740 | $858 | $1,446 | $833 | $771 |
| 1 adult 2 children | $740 | $641 | $959 | $833 | $650 |
| 2 adults 1 child | $740 | $678 | $1,210 | $442 | $736 |
| 1 adult 1 child | $740 | $438 | $723 | $442 | $594 |
| 2 adults | $626 | $545 | $975 | $0 | $653 |
| 1 adult | $520 | $297 | $487 | $0 | $522 |
Safety trends & Data
Clay County, Alabama, has experienced a notable decline in property crime over the last five years. Larceny-theft incidents dropped dramatically from 33.00 in 2019 to just 2.00 by 2022, while burglary incidents fell from 13.00 to 1.00 over the same period. This trend might reflect successful crime prevention measures or changing local demographics. For investors, real estate agents, and potential homeowners, the decrease in property crime could suggest a safer environment, potentially boosting... Read more
Property Crime Trends in Clay County, AL Over the Last 5 Years
Over the last five years in Clay County, Alabama, property crime trends suggest a notable decline. Larceny-theft, the most frequent crime, peaked at 33.0 incidents in 2019 but dropped significantly to just 2.0 by 2022. Similarly, burglary saw a sharp decrease from 13.0 incidents in 2019 to only 1.0 in 2022. These downward trends could indicate successful crime prevention measures or shifts in local demographics. For investors, real estate agents, and potential homeowners, this decline in property crime may suggest a safer, more secure environment, potentially impacting property values and insurance costs favourably.
Demographics
Clay County, Alabama, shows a relatively balanced gender distribution among its adult population with a slight female majority. When it comes to education, a clear majority of residents have at least a high school diploma, but only a small fraction have pursued advanced degrees. This could suggest potential growth opportunities in higher education outreach and accessibility. Age-wise, there is a noticeable proportion of the population in the older age brackets, which might imply a need for... Read more
Race Distribution in Clay County, Alabama (2022)
Educational Attainment in Clay County, Alabama (2022)
Age Distribution in Clay County, Alabama
Citizen Population in Clay County, Alabama (2022)
Political Trends & Data
Clay County, Alabama shows a potential strong conservative trend, with over 80% of votes likely going to the GOP in the 2020 U.S. Presidential Election. Democrats might have secured around 18%, with minor parties like the Libertarians and Greens appearing to have minimal sway. This political landscape may reflect broader regional tendencies and could be a telling factor for future electoral strategies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Clay County, Alabama leaned heavily Republican, with over 80% of the vote possibly going to the GOP. The Democratic Party might have garnered around 18%, while other parties like the Libertarians and Greens seemingly had negligible influence. This trend could indicate a strong conservative presence in the area, which might be consistent with regional political patterns.
80.82% of voters voted for the Republican party in the 2020 Presidential Election
18.28% of voters voted for the Democrat party in the 2020 Presidential Election
0.89% of voters voted for the Other party in the 2020 Presidential Election
School Data
Clay County, Alabama has experienced notable fluctuations in its student-to-teacher ratio, peaking at 20 in 2022 before settling at 18 in 2023. This suggests a trend of larger class sizes compared to the national average of 14. For real estate professionals, this could influence property values based on perceived school quality, while investors and homebuyers should consider potential impacts on local education infrastructure. Understanding these trends is crucial for tailoring decisions to the... Read more
Student-to-teacher ratio in Clay County, Alabama over the last 10 years
Over the past decade, the student-to-teacher ratio in Clay County, Alabama has seen fluctuations, peaking at nearly 20 in 2022 before settling at 18 in 2023. This means that the county's ratios have mostly remained above the national average of 14, suggesting potentially larger class sizes that might impact learning outcomes. For potential investors and those looking to move into the area, these trends could indicate growth pressures on schools or policy changes affecting education. Real estate agents and appraisers might find property values influenced by perceived quality of local schools, while insurance agents and builders might anticipate evolving infrastructure needs. Understanding these trends can help tailor decisions to the local educational environment.
