Marion County Real Estate and Livability Trends
Marion County, Alabama has seen significant increases in average taxable income and state and local income taxes, indicating potential economic growth and changes in tax rates. Median home values grew from $81,400 in 2015 to $104,300 in 2022, suggesting the county remains an affordable option. Rising real estate taxes from $649.34 in 2012 to $1,476.92 in 2021 may reflect property value... Read more
Marion County Market Trends
Marion County's median home values have grown from $81,400 in 2015 to $104,300 in 2022, offering more affordable options compared to Alabama's state average and the national median. The county has also seen notable fluctuations in residential energy tax credits, peaking at $928.57 in 2019 and stabilizing between $500.00 and $610.00 in recent years, indicating increased interest in... Read more
Median Value of Occupied Housing Units in Marion County, Alabama Over the Last 8 Years
Marion County's median home values have shown some promising growth over the last 8 years, climbing from $81,400 in 2015 to $104,300 in 2022. While these values are notably lower than the national median, which reached $179,400 in 2022, they still present a significant opportunity for investment. Compared to Alabama's state average, Marion County offers a more affordable option without stark volatility, marking it as an appealing choice for new home buyers or investors seeking to capitalize on the upward trend.
Residential Energy Tax Credit Per Tax Return in Marion County, AL Over the Last 8 Years
Marion County, Alabama has seen a notable fluctuation in residential energy tax credits per tax return over the past eight years, with a peak at $928.57 in 2019. Following a significant rise between 2015 and 2019, the average credit has stabilized between $500.00 and $610.00 in recent years. This trend suggests increasing investment and interest in energy-efficient home improvements, making it an attractive factor for potential investors and homeowners focused on sustainable living.
Average Real Estate Taxes Per Tax Return in Marion County, AL Over the Last 10 Years
Over the past decade, Marion County, Alabama has seen a marked increase in average real estate taxes per tax return, gradually climbing from around $649.34 in 2012 to approximately $1,476.92 in 2021. Notable jumps occurred in 2017 and 2018, suggesting potential shifts in property values or tax policies. This trend might signal rising property assessments and could be indicative of growth or development that might interest potential investors or those considering relocating to the area.
Percentage of Farm Returns in Marion County, AL Over the Last 10 Years
Marion County, Alabama has experienced a subtle yet consistent decline in the percentage of farm tax returns over the past decade, decreasing from approximately 6.86% in 2012 to 5.42% in 2021. Farm tax returns serve as an indicator of the agricultural economic activity within a region, representing the number of farmers reporting income for tax purposes. The downward trend suggests a shift away from farm-based income, which could impact potential investment opportunities, property development, and broader economic planning. This is crucial information for anyone considering investing in agriculture or real estate within the county, as it reflects changes in the economic landscape and potential shifts in community dynamics.
Number of Mortgages by Occupancy Type in Marion County, AL Over the Last 5 Years in Marion County
Marion County, Alabama has seen a noticeable shift in mortgage activity over the past five years, with a dominant trend toward principal residences. The number of mortgages for principal residences has generally increased or remained high, peaking significantly in 2020. Meanwhile, investment property mortgages and second residences have experienced a steady but lower volume. This shift in occupancy types can signal changing residential priorities and economic conditions, impacting property values, insurance premiums, and investment returns. For real estate agents, appraisers, and investors, understanding these trends can inform strategic decisions, while potential residents might find these insights useful when considering the stability and growth potential of buying a home in the area.
Economic Outlook
Marion County, Alabama has shown a consistent increase in average taxable income per tax return, peaking at $53,447.27 in 2021, suggesting stronger job opportunities and better living standards. Concurrently, state and local income taxes saw a jump from $3,798.70 in 2012 to $8,092.59 in 2021, reflecting potential tax rate changes or local economic shifts. Increased total tax liability from $5,068.75 in 2012 to $7,138.19 in 2021 underscores rising financial responsibilities for residents, a... Read more
Average Taxable Income per Tax Return in Marion County, AL over the last 9 years
Over the last nine years, Marion County, AL has seen a consistent increase in average taxable income per tax return, culminating in a peak of $53,447.27 in 2021. This upward trend reflects a robust economic trajectory, which could imply growing job opportunities and improved standards of living. For potential residents, this is an encouraging sign of economic stability and growth.
Average State and Local Income Taxes Per Tax Return in Marion County, AL Over the Last 10 Years
Over the past decade, Marion County, AL has seen a significant increase in average state and local income taxes per tax return, escalating from $3,798.70 in 2012 to $8,092.59 in 2021. Notable jumps occurred post-2017, indicating potentially substantial changes in tax rates or local economic conditions affecting residents. This steady rise highlights the growing financial obligation for taxpayers in the area, which prospective residents should factor into their cost of living considerations.
Average Total Tax Liability Per Tax Return in Marion County, AL Over the Last 10 Years
Over the last decade, Marion County in Alabama has seen a noticeable rise in its average total tax liability per tax return, climbing from $5,068.75 in 2012 to $7,138.19 in 2021. This trend reflects an increasing financial responsibility for residents, which potential investors and property developers should consider when evaluating the area's economic climate and cost of living. The significant uptick in 2020 and 2021 could indicate economic shifts or policy changes, highlighting the importance of staying informed about local fiscal policy for those moving in or currently residing in the county.
Cost of Living in Marion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $960 | $1,303 | $1,849 | $1,036 | $1,052 |
| 1 adult 4 children | $960 | $1,064 | $1,379 | $1,036 | $1,050 |
| 2 adults 3 children | $960 | $1,064 | $1,622 | $1,036 | $863 |
| 1 adult 3 children | $960 | $869 | $1,152 | $1,036 | $837 |
| 2 adults 2 children | $740 | $871 | $1,395 | $898 | $775 |
| 1 adult 2 children | $740 | $651 | $924 | $898 | $659 |
| 2 adults 1 child | $740 | $689 | $1,168 | $449 | $726 |
| 1 adult 1 child | $740 | $445 | $697 | $449 | $587 |
| 2 adults | $562 | $553 | $941 | $0 | $622 |
| 1 adult | $495 | $302 | $470 | $0 | $506 |
Safety trends & Data
In Marion County, Alabama, property crime trends have seen notable fluctuations over the past five years. Larceny-theft incidents spiked to 106 in 2019 but dropped dramatically to 40 by 2022, while burglary cases plummeted from 34 to 2 in the same period. Similarly, fraud cases hit 19 in 2019 and decreased to 3 by 2022. These changes might signal shifting socio-economic conditions or variations in law enforcement efficacy, crucial points for prospective investors, appraisers, and potential new... Read more
Property Crime Trends in Marion County, AL Over the Last 5 Years
Marion County, Alabama has seen fluctuating property crime rates over a five-year period. Notably, instances of larceny-theft reached a peak in 2019 with 106 incidents but significantly decreased to 40 by 2022. Burglary numbers exhibited similar volatility, spiking at 34 cases in 2019 before dropping to just 2 cases in 2022. Fraud also varied, experiencing a high of 19 cases in 2019 while seeing a reduction to 3 cases by 2022. These shifting figures could indicate changing socio-economic factors or law enforcement effectiveness, essential for potential investors, appraisers, and those looking to move into the area to consider.
Demographics
In Marion County, Alabama, the adult population shows a fairly balanced gender split between males and females. Educational attainment indicates a significant portion of residents having a high school diploma or associate's degree, but relatively fewer hold bachelor's or advanced degrees. The age distribution reflects a mature population with a notable number of residents in the 45 to 64 age bracket. Ethnically, the county is predominantly White, with minor representations from African... Read more
Race Distribution in Marion County, Alabama (2022)
Educational Attainment in Marion County, Alabama (2022)
Age Distribution in Marion County, Alabama
Citizen Population in Marion County, Alabama (2022)
Political Trends & Data
Marion County, Alabama, exhibited a significant Republican lean in the 2020 U.S. Presidential Election, with Republicans potentially securing almost 88% of the vote, while Democrats may have received just over 10%. Minor parties, like the Libertarians and Greens, seem to have had negligible influence. This might indicate a robust Republican preference in the county, reflecting broader electoral patterns seen across the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marion County, Alabama, displayed a notable trend in the 2020 U.S. Presidential Election, with Republicans potentially capturing nearly 88% of the votes. In contrast, Democrats might have gained just over 10%, and minor parties, including Libertarians and Greens, seem to have had no significant impact. This data could suggest a strong Republican preference in the county, aligning with broader patterns observed in many parts of Alabama.
88.40% of voters voted for the Republican party in the 2020 Presidential Election
10.60% of voters voted for the Democrat party in the 2020 Presidential Election
1.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Marion County, Alabama, the student-to-teacher ratio has trended upward over the past decade, going from around twelve students per teacher in 2014 to roughly seventeen in 2022, with a slight dip to sixteen recently. This ratio has consistently been higher than the national average, which may impact local property values and community appeal, particularly for families prioritizing education quality. For real estate investors and appraisers, this trend could be an important factor in... Read more
Student-to-teacher ratio in Marion County, Alabama over the last 10 years
Over the past decade in Marion County, Alabama, the student-to-teacher ratio has experienced fluctuations, generally trending upward from around twelve students per teacher in 2014 to roughly seventeen in 2022, with a slight dip to sixteen in the most recent year. This ratio has consistently been higher than the national average of fourteen students per teacher, indicating potential challenges in providing individualized attention to students. For those considering real estate investments or relocating, understanding these dynamics is crucial, as they could affect local property values, school funding, and community appeal. Appraisers and real estate agents might also take note, as areas with higher student-to-teacher ratios often signal larger class sizes, which can be a concern for families prioritizing education quality.
