Lamar County Real Estate and Livability Trends
Lamar County, Alabama has experienced a notable surge in average taxable income, climbing from $40,198.32 in 2013 to $51,287.48 in 2021, paralleling a significant rise in state and local income taxes. Median home values have also risen sharply, from $67,900 in 2015 to $108,200 in 2022, indicating increasing property worth but still offering a relatively affordable entry point. Higher real estate... Read more
Lamar County Market Trends
Lamar County, Alabama’s median home values have surged from $67,900 in 2015 to $108,200 in 2022, presenting an enticing entry point for buyers compared to the state and national figures. Meanwhile, residential energy tax credits have seen notable hikes, reaching $1,100.00 in 2021, hinting at a community focus on energy efficiency. Real estate taxes have also climbed, peaking at $1,130.00 in... Read more
Median Value of Occupied Housing Units in Lamar County, Alabama Over the Last 8 Years
For those eyeing the real estate market in Lamar County, Alabama, the past eight years have shown a solid upward trend in median home values. From $67,900 in 2015 to $108,200 in 2022, the growth rate here has been notable, especially when put against the backdrop of Alabama’s statewide and the national figures. While Alabama's median home values have climbed steadily from $125,500 to $179,400, Lamar County's growth may present a more accessible entry point for potential buyers. This divergence becomes more noteworthy considering the national median, which nearly surpassed $179,400 in 2022. This comparative affordability, paired with a consistent increase, makes Lamar County an intriguing option for investors and homebuyers alike.
Residential Energy Tax Credit Per Tax Return in Lamar County, AL Over the Last 8 Years
Over the past eight years, Lamar County, Alabama has seen significant fluctuations in residential energy tax credits per tax return, starting at $288.89 in 2013 and peaking at $1,100.00 in 2021. Notable jumps include a rise to $466.67 in 2017 and a dramatic increase to $700.00 in 2019. These figures suggest increasing investment in energy-efficient home improvements, highlighting the county's trending focus on sustainable living and potential for further growth in this sector. For investors and new residents, these trends could indicate a community increasingly committed to renewable energy initiatives and energy efficiency.
Average Real Estate Taxes Per Tax Return in Lamar County, AL Over the Last 10 Years
Lamar County, Alabama has experienced fluctuations in average real estate taxes per tax return over the past decade, indicating changing economic and property market conditions. Starting around $565.75 in 2012, taxes saw a significant hike, peaking at $1,130.00 in 2019. This variability suggests potential volatility but also reveals a general upward trend, which might hint at appreciating property values or increased public funding needs. For investors or potential residents, this data could imply either rising property values or a heavier tax burden, factors that merit consideration when evaluating long-term commitments.
Percentage of Farm Returns in Lamar County, AL Over the Last 10 Years
Over the past decade, Lamar County, Alabama has witnessed a slight yet consistent decline in the percentage of farm tax returns, dropping from approximately 7.43% in 2012 to about 5.94% in 2021. Farm tax returns represent the portion of income tax filings attributed to agricultural activities, providing a measure of the economic footprint of farming in the region. For potential investors, this trend may indicate a gradual shift away from agriculture, suggesting opportunities or challenges in land use and development. Those moving to or building property in Lamar County might consider these changes when assessing the local economy and land potential.
Number of Mortgages by Occupancy Type in Lamar County, AL Over the Last 5 Years in Lamar County
In Lamar County, Alabama, the mortgage data over the last five years suggest a marked preference for principal residence loans, which consistently dominate the majority of the market. Investment property and second residence loans exhibit much smaller, fluctuating numbers. For investors, these trends can indicate a less competitive market for rental properties but potentially steady growth in long-term residential demand. Real estate agents and appraisers might find it useful to understand that the principal residence market's stability could project lower risk. Insurance agents would want to tailor their offerings to a client base mainly consisting of primary homeowners. This distribution in mortgage types has implications for future developments, suggesting a climate more supportive of housing that targets long-term owner-occupancy rather than short-term rentals or vacation homes.
Economic Outlook
Lamar County, Alabama has seen consistent growth in average taxable income per tax return over the past nine years, climbing from $40,198.32 in 2013 to $51,287.48 in 2021. Correspondingly, average state and local income taxes per tax return have more than doubled, reaching $7,054.55 in 2021, indicating a significant increase in tax obligations. Additionally, there's been a notable rise in average total tax liability per tax return, which has escalated from $4,524.32 in 2012 to $6,127.47 in... Read more
Average Taxable Income per Tax Return in Lamar County, AL over the last 9 years
Over the past nine years, Lamar County, AL has seen a steady increase in average taxable income per tax return, with notable growth from $40,198.32 in 2013 to $51,287.48 in 2021. This significant rise in income, particularly the jump between 2017 and 2018, suggests a promising economic development in the area, making it attractive for both current residents and potential newcomers looking for economic stability and growth opportunities.
Average State and Local Income Taxes Per Tax Return in Lamar County, AL Over the Last 10 Years
Over the past decade, Lamar County, AL has seen a notable increase in average state and local income taxes per tax return, rising from $3,256.58 in 2012 to $7,054.55 in 2021. This significant upward trend highlights a more than doubling of tax obligations, which may impact cost of living considerations for current and prospective residents. This financial shift reflects broader economic changes and could influence decisions surrounding relocation and financial planning within the county.
Average Total Tax Liability Per Tax Return in Lamar County, AL Over the Last 10 Years
Over the last decade, Lamar County, Alabama has seen a notable rise in the average total tax liability per tax return, climbing from $4,524.32 in 2012 to $6,127.47 in 2021. This upward trend is particularly significant for those considering investments or property development in the area, as it reflects broader economic changes and possible increases in property values and income levels. Understanding these trends is crucial for making informed financial decisions in the region.
Cost of Living in Lamar County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,011 | $1,303 | $1,917 | $1,036 | $1,108 |
| 1 adult 4 children | $1,011 | $1,064 | $1,430 | $1,036 | $1,109 |
| 2 adults 3 children | $1,011 | $1,064 | $1,682 | $1,036 | $904 |
| 1 adult 3 children | $1,011 | $869 | $1,194 | $1,036 | $887 |
| 2 adults 2 children | $740 | $871 | $1,446 | $898 | $795 |
| 1 adult 2 children | $740 | $651 | $959 | $898 | $678 |
| 2 adults 1 child | $740 | $689 | $1,210 | $449 | $742 |
| 1 adult 1 child | $740 | $445 | $723 | $449 | $598 |
| 2 adults | $613 | $553 | $975 | $0 | $651 |
| 1 adult | $560 | $302 | $487 | $0 | $533 |
Safety trends & Data
Lamar County, Alabama, has seen property crime rates fluctuate over the past five years. Most notably, burglary incidents have halved from 12.0 in 2018 to 6.0 in 2022, possibly due to improved security or community initiatives. While larceny-theft saw a notable dip in 2020, motor vehicle theft spiked with 6.0 arrests in 2021. Fraud saw an uptick, peaking at 8.0 reports in 2022. The downward trend in burglaries is reassuring for residents and investors, though the rise in fraud and motor vehicle... Read more
Property Crime Trends in Lamar County, AL Over the Last 5 Years
Lamar County, Alabama has shown a varying pattern in property crimes over the past five years. Burglary incidents generally declined from 12.0 in 2018 to 6.0 by 2022, suggesting perhaps improved security or community initiatives. Larceny-theft cases fluctuated but showed a notable dip in 2020 at 7.0 arrests. Motor vehicle theft remained relatively low but spiked in 2021 with 6.0 arrests. Fraud and forgery have seen slight increases, with fraud peaking at 8.0 reports in 2022, while vandalism peaked in both 2018 and 2021 with 6.0 arrests. Investors and homeowners might find the downward trend in burglaries reassuring, but the increase in fraud and motor vehicle theft highlights areas that might still pose risks.
Demographics
Lamar County, Alabama, has a slight female majority in its adult population. Educational attainment tends to lean toward high school graduates, with a notable segment having some college education, though fewer hold higher degrees. The age distribution appears balanced, with a significant portion aged 45 and over. Racially, the county predominantly identifies as White, while Black or African American residents make up a smaller, but still noticeable, proportion. These demographics could imply a... Read more
Race Distribution in Lamar County, Alabama (2022)
Educational Attainment in Lamar County, Alabama (2022)
Age Distribution in Lamar County, Alabama
Citizen Population in Lamar County, Alabama (2022)
Political Trends & Data
In Lamar County, Alabama, the real estate sector may be influenced by its strong conservative base, with over 85% of 2020 presidential votes going to the GOP and just under 14% to Democrats. This overwhelming preference for Republican candidates might suggest local policies and community values that align with conservative principles, potentially impacting zoning laws, property taxes, and development projects. Buyers and investors could consider this political landscape when making decisions in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lamar County, Alabama, leans heavily Republican, with over 85% of the votes cast in the 2020 U.S. Presidential Election going to the GOP. Democrats garnered just under 14%, making them a distant second. This significant skew towards Republican candidates could suggest a strong conservative base in the region. Other parties, like the Libertarians and Greens, barely made a dent, collectively capturing less than 1% of the vote. Understanding these voting patterns might provide insights into local policy preferences and community values.
85.83% of voters voted for the Republican party in the 2020 Presidential Election
13.60% of voters voted for the Democrat party in the 2020 Presidential Election
0.57% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lamar County, Alabama has seen student-to-teacher ratios fluctuate significantly, peaking at over 18 in 2015 before settling around 17, which remains higher than the national average of 14. This trend could influence property values and the desirability of residential areas, impacting investment decisions. For developers, this data might suggest a potential demand for new educational facilities. Understanding these ratios is also essential for appraisers and insurance agents for more accurate... Read more
Student-to-teacher ratio in Lamar County, Alabama over the last 10 years
Lamar County, Alabama has experienced fluctuating student-to-teacher ratios over the past decade, initially rising sharply from roughly 13 in 2014 to over 18 by 2015, and then maintaining levels close to or slightly above 17 in the years that followed. Comparatively, these ratios remain above the current national average of 14 students per teacher, potentially indicating more crowded classrooms. This trend may matter for potential investors and real estate agents as it could impact property values and the desirability of residential areas while also affecting local education standards. For appraisers and insurance agents, understanding this can guide more accurate assessments of market and community stability. Also, those considering moving to the area may find these factors significant when evaluating long-term educational quality for their families. Property developers might use this data to anticipate demand for new educational facilities in the region.
