Coosa County Real Estate and Livability Trends
Coosa County, Alabama has seen a steady uptick in average taxable income, growing from $39,095.06 in 2013 to $52,131.04 in 2021, which points to broader economic improvements. Concurrently, the jump in average state and local income taxes per tax return from $2,776.27 in 2012 to $9,270.00 in 2021 could signal changes in tax policies or increased incomes. The rise in median home values from... Read more
Coosa County Market Trends
Over the last eight years, Coosa County, Alabama, has seen its median home values rise from $78,300 in 2015 to $109,500 in 2022, showcasing more volatility compared to the state's steady climb from $125,500 to $179,400. Real estate taxes have surged, increasing from around $596.49 in 2012 to $1,330.00 by 2021, hinting at rising property values or changing tax policies. The average residential... Read more
Median Value of Occupied Housing Units in Coosa County, Alabama Over the Last 8 Years
Over the last eight years, the median home values in Coosa County, Alabama, have experienced fluctuations but show an overall upward trend, increasing from $78,300 in 2015 to $109,500 in 2022. This local trend contrasts with Alabama's state median values, which were more steady and less volatile, consistently rising from $125,500 in 2015 to $179,400 in 2022. Nationally, median home values have also seen a steady increase, from $125,500 in 2015 to $179,400 in 2022, mirroring Alabama's trend. For investors and potential homebuyers, Coosa County may offer more affordable opportunities, albeit with more yearly variability, compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Coosa County, AL Over the Last 9 Years
In Coosa County, Alabama, the average residential energy tax credit per tax return has shown significant fluctuations over the past nine years. Starting at $425.00 in 2013, the credit saw a notable spike to $2,325.00 in 2018 before stabilizing around $1,050.00 by 2021. This upward trend indicates increased investment in energy-efficient home improvements, making the area more attractive for potential homeowners and investors interested in sustainable living and long-term savings.
Average Real Estate Taxes Per Tax Return in Coosa County, AL Over the Last 10 Years
Over the last decade in Coosa County, Alabama, average real estate taxes per tax return have experienced a notable upward trend. Starting at around $596.49 in 2012, they saw a gradual increase, with significant jumps in 2015 and a dramatic spike occurring in 2018, reaching $1,178.57. By 2021, the amount climbed to about $1,330.00. These shifts may suggest increasing property values or changing tax rates, potentially reflecting broader economic or developmental trends in the area, making it a noteworthy consideration for stakeholders.
Percentage of Farm Returns in Coosa County, AL Over the Last 10 Years
Coosa County, Alabama has seen a fluctuating trend in the percentage of farm tax returns over the past decade, hovering around 2.8% to 3.6%. Peaks were noted in 2015 and 2017, highlighting moments when farming had a relatively higher economic impact. Farm tax returns indicate the portion of tax filings coming from agricultural activities, and these fluctuations can reflect changes in local agricultural profitability, investment opportunities, and rural economic conditions. For investors and potential property buyers, this data underscores the community's reliance on farming and may influence decisions related to agribusiness investments, land development for farming, or assessing the stability of local rural economies.
Number of Mortgages by Occupancy Type in Coosa County, AL Over the Last 5 Years in Coosa County
The mortgage trends in Coosa County, Alabama show a significant focus on principal residences, but there is a noticeable variability year-on-year in both investment properties and second residences. Occupancy type changes matter because they hint at shifting regional dynamics, like housing affordability, investment attractiveness, or lifestyle preferences. This variability might influence real estate agents’ marketing strategies, investors’ decisions on property acquisitions, or even appraisers' approaches to property valuation. For insurance agents, understanding these trends could inform risk assessments while builders might use this data to forecast demand for different property types.
Economic Outlook
Over the past nine years, Coosa County, Alabama has seen a steady increase in average taxable income per tax return, growing from $39,095.06 in 2013 to $52,131.04 in 2021, reflecting notable economic improvement. Concurrently, average state and local income taxes per tax return have surged from $2,776.27 in 2012 to $9,270.00 in 2021, with a particularly sharp rise since 2018. Additionally, the average total tax liability per tax return has increased from $4,494.01 in 2012 to $6,849.31 in 2021,... Read more
Average Taxable Income per Tax Return in Coosa County, AL over the last 9 years
Over the past nine years, Coosa County, AL has experienced a steady increase in average taxable income per tax return, growing from $39,095.06 in 2013 to $52,131.04 in 2021. This consistent upward trend reflects a notable economic improvement, making it a potentially attractive location for new residents and businesses seeking a progressively affluent community.
Average State and Local Income Taxes Per Tax Return in Coosa County, AL Over the Last 10 Years
Over the past decade, Coosa County, AL has seen a notable upward trend in average state and local income taxes per tax return, with values increasing from $2,776.27 in 2012 to $9,270.00 in 2021. This significant rise, particularly sharp from 2018 onwards, highlights the changing fiscal landscape and may affect both potential newcomers and current residents' long-term financial planning.
Average Total Tax Liability Per Tax Return in Coosa County, AL Over the Last 10 Years
Over the past decade, Coosa County, Alabama has seen a notable increase in the average total tax liability per tax return, rising from $4,494.01 in 2012 to $6,849.31 in 2021. This trend highlights a growing economic burden, making financial planning essential for prospective residents and investors. For those considering building property in the area, understanding these changes can help in making informed financial decisions.
Cost of Living in Coosa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $932 | $1,432 | $1,917 | $954 | $1,108 |
| 1 adult 4 children | $932 | $1,169 | $1,430 | $954 | $1,096 |
| 2 adults 3 children | $932 | $1,170 | $1,682 | $954 | $895 |
| 1 adult 3 children | $932 | $955 | $1,194 | $954 | $867 |
| 2 adults 2 children | $766 | $957 | $1,446 | $833 | $821 |
| 1 adult 2 children | $766 | $715 | $959 | $833 | $702 |
| 2 adults 1 child | $766 | $757 | $1,210 | $442 | $777 |
| 1 adult 1 child | $766 | $489 | $723 | $442 | $625 |
| 2 adults | $589 | $608 | $975 | $0 | $666 |
| 1 adult | $579 | $332 | $487 | $0 | $555 |
Safety trends & Data
Coosa County, Alabama has experienced a noticeable decline in property crimes over the past five years, with burglary incidents dropping from 31 in 2018 to just 5 in 2020, and larceny-theft cases decreasing from 31 in 2018 to 9 by 2022. Despite these positive trends, the rise in stolen property offenses, reaching 12 incidents in 2022, suggests a potential uptick in the resale market for stolen goods. The occasional arson cases in 2021 and 2022 further complicate the safety landscape for... Read more
Property Crime Trends in Coosa County, AL Over the Last 5 Years
Coosa County, Alabama has seen fluctuating trends in property crime over the past five years. Notable declines in burglary, dropping from 31 incidents in 2018 to just 5 in 2020, suggest improved security or potential shifts in criminal activity patterns. Meanwhile, larceny-theft also decreased significantly from 31 incidents in 2018 to 9 by 2022. However, the increasing cases of stolen property offenses, peaking at 12 in 2022, could indicate a rising interest in the resale market for stolen goods. The sporadic appearance of arson cases in 2021 and 2022 adds another layer of complexity for those assessing the safety and security landscape in the area.
Demographics
Coosa County, Alabama, reflects a balanced adult population with both male and female numbers nearly equal, hinting at stable gender demographics. Despite diverse age groups, a significant portion of the populace is aged 55 to 64 years, possibly indicating a maturing community. Educational attainment shows many residents have completed high school, with fewer advancing to college degrees, suggesting potential areas for educational growth. Racial composition is predominantly White and Black or... Read more
Race Distribution in Coosa County, Alabama (2022)
Educational Attainment in Coosa County, Alabama (2022)
Age Distribution in Coosa County, Alabama
Citizen Population in Coosa County, Alabama (2022)
Political Trends & Data
In Coosa County, Alabama, the 2020 U.S. Presidential Election likely saw approximately 66% of the vote go to the Republican party and around 33% to the Democratic party. The minor parties collectively captured less than 1%, which implies a strong Republican presence that could influence local policies and market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Coosa County, Alabama, the 2020 U.S. Presidential Election likely saw a predominant lean towards the Republican party, capturing approximately 66% of the vote. The Democratic party trailed with roughly 33%, while minor parties and other candidates collectively garnered less than 1%. This pattern could suggest a strong Republican presence in the area, reflecting broader state trends in electoral preferences.
66.27% of voters voted for the Republican party in the 2020 Presidential Election
32.78% of voters voted for the Democrat party in the 2020 Presidential Election
0.95% of voters voted for the Other party in the 2020 Presidential Election
