Marengo County Real Estate and Livability Trends
Marengo County, Alabama has experienced significant rises in average taxable income per tax return, jumping from $44,452.78 in 2013 to $54,380.02 in 2021, amid an increasing tax burden. Property taxes have doubled from $748.67 in 2012 to about $1,429.63 in 2021, indicating potential property value shifts or adjustments in tax policies. Real estate trends have varied, with median home values... Read more
Marengo County Market Trends
Marengo County, Alabama has seen notable trends in the real estate market over the past decade. Median home values have fluctuated, recovering to $98,600 in 2022 from a low of $82,200 in 2020. This local volatility contrasts with the more steady national and state-level growth. Real estate taxes have doubled from $748.67 in 2012 to approximately $1,429.63 in 2021, likely indicating property value... Read more
Median Value of Occupied Housing Units in Marengo County, Alabama Over the Last 8 Years
Marengo County, Alabama has seen quite an interesting trend in median home values over the last 8 years. Starting at $90,800 in 2015, the values dipped to a low of $82,200 by 2020 before rebounding to $98,600 in 2022. This local fluctuation contrasts sharply with the more consistent growth seen in both Alabama and the national market, where median home values climbed steadily over the same period, reaching $179,400 nationally by 2022. For potential investors or those looking to move to Marengo County, these dynamics might suggest a more volatile but potentially rewarding investment landscape compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Marengo County, AL Over the Last 9 Years
Marengo County, Alabama has seen significant volatility in residential energy tax credits per tax return over the past nine years. After maintaining an average below $500.00 up until 2017, there was a dramatic spike in 2018 reaching $1,850.00. Since then, the credit fluctuated considerably, peaking at $1,591.67 in 2020 and slightly decreasing to $1,425.00 in 2021. These figures highlight growing incentives for energy-efficient improvements, appealing to investors and residents keen on reducing energy costs and enhancing property value.
Average Real Estate Taxes Per Tax Return in Marengo County, AL Over the Last 10 Years
Over the past decade, Marengo County in Alabama has seen a noteworthy increase in average real estate taxes per tax return. From a relatively modest amount of $748.67 in 2012, the taxes have almost doubled, reaching approximately $1,429.63 in 2021. The most significant jumps occurred from 2017 to 2018, and again from 2018 to 2019, signaling potential property value appreciation or changes in tax policies. This trend could be important for prospective investors, potential residents, and current property owners, as it may affect future financial planning and affordability in the region.
Percentage of Farm Returns in Marengo County, AL Over the Last 10 Years
Farm tax returns in Marengo County, Alabama have shown some variability over the last decade, with percentages ranging from 5.49% to 6.35%. These farm tax returns are crucial as they reflect the financial health and tax contributions of the agriculture sector, a significant factor for potential investors and residents who are considering the economic stability and growth potential of the area. Notable peaks around 2014 and 2017 suggest periods of increased agricultural output or profitability, which can be key indicators of market trends and investment opportunities within the county.
Number of Mortgages by Occupancy Type in Marengo County, AL Over the Last 5 Years in Marengo County
Marengo County, Alabama has seen a steady increase in mortgages for principal residences over the last five years, peaking at 730 in 2021 before dipping slightly to 524 in 2022. Investment property mortgages remain relatively stable but lower in volume, hovering around 18-33 per year. Meanwhile, second residence mortgages are minimal and somewhat erratic, showing a peak of 15 in 2018 and a low of 6 in 2019. Shifts in the types of occupancy matter because they influence the liquidity and stability of the real estate market. Investors and those moving in are likely to find the market solid for primary homes, with modest activity in investment property suggesting a cautious but steady interest. This can affect property values, insurance premiums, and long-term investment prospects. Abnormally low second residence mortgages might indicate less interest in vacation homes, impacting local businesses tailored to such demographics.
Economic Outlook
Marengo County, Alabama, has witnessed a steady climb in average taxable income per tax return from $44,452.78 in 2013 to $54,380.02 in 2021, reflecting a robust local economy and enhanced resident earnings. Likewise, average state and local income taxes have surged, reaching $9,018.75 in 2021 from $3,938.78 in 2012, pointing to a growing tax burden that prospective residents should consider. The upward trend in total tax liability, which peaked at $8,020.88 in 2021, highlights both economic... Read more
Average Taxable Income per Tax Return in Marengo County, AL over the last 9 years
Marengo County, AL has seen a consistent upward trend in average taxable income per tax return over the past nine years, increasing from $44,452.78 in 2013 to $54,380.02 in 2021. This steady growth signals a strengthening local economy and improved earnings for residents, making it an attractive option for individuals and families considering relocation to the area. The notable jump in 2021 suggests a particularly strong year financially, which could be appealing to potential new residents looking for economic stability.
Average State and Local Income Taxes Per Tax Return in Marengo County, AL Over the Last 10 Years
Over the past decade, Marengo County, AL has experienced a steady rise in average state and local income taxes per tax return, highlighting a significant financial shift for residents. This increase began at $3,938.78 in 2012, climbed to $4,261.03 by 2015, and saw substantial jumps to $6,341.18 in 2019 and $9,018.75 by 2021. This trend underscores a growing tax burden which potential residents and current inhabitants should consider when evaluating the area's financial landscape.
Average Total Tax Liability Per Tax Return in Marengo County, AL Over the Last 10 Years
Marengo County, Alabama, has exhibited fluctuations in average total tax liability per tax return over the past decade, with a general upward trend. From $6,709.81 in 2012, the liability increased to $8,020.88 in 2021, indicating a heightened tax burden. This pattern points to possible economic growth or increased property values, signaling opportunities and considerations for investors and new residents. The spike in 2021 suggests a particularly notable shift that could impact financial planning and investment strategies in the region.
Cost of Living in Marengo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $929 | $1,412 | $1,917 | $1,030 | $1,103 |
| 1 adult 4 children | $929 | $1,153 | $1,430 | $1,030 | $1,094 |
| 2 adults 3 children | $929 | $1,153 | $1,682 | $1,030 | $894 |
| 1 adult 3 children | $929 | $941 | $1,194 | $1,030 | $866 |
| 2 adults 2 children | $740 | $944 | $1,446 | $893 | $808 |
| 1 adult 2 children | $740 | $705 | $959 | $893 | $687 |
| 2 adults 1 child | $740 | $746 | $1,210 | $446 | $752 |
| 1 adult 1 child | $740 | $482 | $723 | $446 | $601 |
| 2 adults | $655 | $599 | $975 | $0 | $671 |
| 1 adult | $560 | $327 | $487 | $0 | $534 |
Safety trends & Data
Marengo County, Alabama has seen fluctuating property crime trends, with burglary and larceny-theft peaking in 2019 but declining significantly in the following years. Fraud and vandalism arrests have shown less variability but had a notable increase in vandalism in 2022. These trends possibly reflect changing crime prevention strategies or economic conditions, key factors for investors, real estate agents, and residents assessing safety and property values in the... Read more
Property Crime Trends in Marengo County, AL Over the Last 5 Years
Marengo County, Alabama has experienced fluctuating property crime trends over the past five years. While burglary and larceny-theft incidents spiked sharply in 2019, they saw a significant decline in subsequent years. Conversely, fraud and vandalism arrests have seen less variability but show occasional upticks, such as in 2022 for vandalism. These patterns may indicate evolving crime prevention strategies or shifts in economic conditions, essential considerations for investors, real estate agents, and residents evaluating the area's safety and property values.
Demographics
Marengo County, Alabama, seems to exhibit a slight gender imbalance with a higher female population. Educational attainment might suggest significant attention on high school completion, as a clear majority hold high school diplomas or equivalent. Age distribution reveals a fairly balanced spread across various age groups, yet a noticeable number of individuals fall within the 55 to 64-year bracket. The racial demographics show a close population of White and Black or African American... Read more
Race Distribution in Marengo County, Alabama (2022)
Educational Attainment in Marengo County, Alabama (2022)
Age Distribution in Marengo County, Alabama
Citizen Population in Marengo County, Alabama (2022)
Political Trends & Data
Marengo County, Alabama, experienced a closely contested 2020 U.S. Presidential Election where Democrats barely led with 50.35% of the vote compared to Republicans at 49.02%. This slim margin underscores a divided electorate and may indicate evolving political dynamics in regions previously more predictable, with minor parties and independents having minimal... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marengo County, Alabama, saw a notably close race in the 2020 U.S. Presidential Election, with Democrats edging out Republicans by just a slim margin. The Democrat and Republican votes accounted for roughly 50.35% and 49.02% respectively, reflecting a divided voter base. Minor parties and independents made up a small fraction, signaling a predominantly two-party preference among the electorate. This narrow gap may hint at shifting political landscapes or growing competitiveness in traditionally more predictable areas.
49.02% of voters voted for the Republican party in the 2020 Presidential Election
50.35% of voters voted for the Democrat party in the 2020 Presidential Election
0.63% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marengo County, Alabama has seen fluctuations in student-to-teacher ratios over the past decade, peaking at 17 in 2017 and trending downward to around 14 by 2023, aligning more closely with the national average. This could intrigue investors and real estate professionals since lower ratios often signal better educational quality, potentially driving up property values. Families prioritizing education may find the area increasingly attractive, contributing to a more desirable real estate... Read more
Student-to-teacher ratio in Marengo County, Alabama over the last 10 years
Marengo County, Alabama has displayed fluctuating student-to-teacher ratios over the past decade, peaking at 17 in 2017 and remaining relatively high through 2018. Recently, the ratio has trended downward, reaching closer to the national average of 14 by 2022 and dropping further to around 14 in 2023. This trend may intrigue potential investors and real estate professionals, as lower ratios often indicate improved educational quality, making the area more attractive for families. Lower student-to-teacher ratios also tend to suggest a more personalized educational approach, potentially driving up property values and making the locale desirable for those seeking quality education for their children.
