Russell County Real Estate and Livability Trends
Russell County, Alabama has seen a steady rise in median home values from $111,000 in 2015 to $141,900 in 2022, potentially making it an attractive option for cost-conscious buyers. An upward trend in energy-efficient home improvements, with tax credits peaking at $1,753.85 in 2018, indicates a community invested in sustainable living and possibly higher property values. Fluctuating real estate... Read more
Russell County Market Trends
Russell County, Alabama has seen a consistent rise in median home values from $111,000 in 2015 to $141,900 in 2022, making it a more affordable option compared to state and national averages. There's a growing investment in energy-efficient home improvements, peaking with tax credits at $1,753.85 in 2018, signaling an eco-conscious community and potentially higher property values. Real estate... Read more
Median Value of Occupied Housing Units in Russell County, Alabama Over the Last 8 Years
Median home values in Russell County, Alabama have experienced a consistent upward trend over the past eight years, rising from $111,000 in 2015 to $141,900 in 2022. Compared to the state of Alabama and the United States as a whole, Russell County remains more affordable; Alabama's median home value rose from $125,500 to $179,400 in the same period, and the national median surged from $125,500 to $179,400. For potential investors, homebuyers, or developers, this steady increase in Russell County implies a growing market with room for investment, particularly when seeking more affordable opportunities than those seen statewide and nationally.
Residential Energy Tax Credit Per Tax Return in Russell County, AL Over the Last 9 Years
Over the last nine years in Russell County, Alabama, the average residential energy tax credit per tax return has shown significant growth, peaking at $1,753.85 in 2018. This trend suggests an increasing investment in energy-efficient home improvements, which could indicate both a growing awareness of energy conservation and a rise in property values. Hovering around $1,290.32 by 2021, the credits demonstrate the county’s commitment to sustainable living, making it an attractive destination for eco-conscious investors and residents.
Average Real Estate Taxes Per Tax Return in Russell County, AL Over the Last 10 Years
Over the past decade, Russell County, Alabama has seen fluctuating real estate taxes per tax return, starting at $926.41 in 2012 and peaking at $1609.43 in 2018. While the general trend indicates a rise, with notable increases between 2016 and 2018, there have been slight declines in recent years, stabilizing around $1498.85 in 2021. This variability could impact investors and residents considering property purchases, as it underlines the importance of checking current tax rates and trends before making financial decisions.
Percentage of Farm Returns in Russell County, AL Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Russell County, Alabama has generally hovered around 1%, with minor year-to-year fluctuations. The highest percentage was seen in 2016 at 1.08%, while the lowest was in 2020 at 0.87%. Farm tax returns offer a glimpse into the agricultural activity and economic health of the region, and these stable numbers suggest a consistent, if modest, farming community. This stability can be appealing to those looking to invest in agriculture, as it indicates a steady market. For potential residents or builders, the data implies a balanced agricultural presence that can contribute to diverse land use and a stable local economy.
Number of Mortgages by Occupancy Type in Russell County, AL Over the Last 5 Years in Russell County
Russell County, Alabama shows a consistent trend towards an increasing number of mortgages for principal residences, peaking at 3,626 in 2021, while investment property and second residence mortgages remain marginal in comparison. The notable rise in principal residence mortgages indicates robust demand for primary homes which could be of particular interest to those looking to move to the area or real estate agents focusing on this segment. For investors and builders, the modest but steady figures for investment properties signal a less competitive but stable market. Appraisers and insurance agents might find these trends useful for risk assessment and valuation purposes, as fluctuations in occupancy types often reflect broader economic and demographic shifts within a county.
Economic Outlook
In Russell County, Alabama, average taxable income per return has been climbing over the past nine years, hitting $45,162.30 in 2021, up from $35,480.50 in 2013. At the same time, state and local income taxes have shown noticeable volatility, with a sharp rise from $3,474.08 in 2017 to $5,090.27 in 2018, just to settle slightly at $5,111.00 in 2021. This trend points to a growing tax burden, reflecting economic shifts. Meanwhile, the average total tax liability has risen from $3,734.14 in 2012... Read more
Average Taxable Income per Tax Return in Russell County, AL over the last 9 years
Over the last nine years in Russell County, AL, the average taxable income per tax return has shown a steady increase. Starting at $35,480.50 in 2013, it has risen to $45,162.30 by 2021. This upward trend highlights a growing economic stability and potential for higher earning opportunities, valuable insights for potential movers and existing residents considering the county's financial landscape.
Average State and Local Income Taxes Per Tax Return in Russell County, AL Over the Last 10 Years
Over the past decade, Russell County, AL has experienced significant fluctuations in average state and local income taxes per tax return. Notably, there was a sharp increase from $3,474.08 in 2017 to $5,090.27 in 2018, followed by a slight decline and then a resurgence in 2021 to $5,111.00. These trends highlight an overall increase in the tax burden, peaking noticeably in the last few years, impacting residents’ financial planning considerations.
Average Total Tax Liability Per Tax Return in Russell County, AL Over the Last 10 Years
Russell County, Alabama, has seen a notable rise in average total tax liability per tax return over the past decade, growing from $3,734.14 in 2012 to $5,326.82 in 2021. This upward trend suggests increasing incomes or property values, indicating a locale with economic growth potential. There's a slight dip in 2018 and 2019, which could be points of interest for economic analysis. For those investing, relocating, or developing property in the area, these patterns offer insight into the county's fiscal landscape and economic health.
Cost of Living in Russell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,145 | $1,420 | $2,090 | $1,395 | $1,336 |
| 1 adult 4 children | $1,145 | $1,159 | $1,559 | $1,395 | $1,369 |
| 2 adults 3 children | $1,145 | $1,160 | $1,833 | $1,395 | $1,117 |
| 1 adult 3 children | $1,145 | $947 | $1,302 | $1,395 | $1,135 |
| 2 adults 2 children | $848 | $949 | $1,576 | $1,211 | $945 |
| 1 adult 2 children | $848 | $709 | $1,045 | $1,211 | $831 |
| 2 adults 1 child | $848 | $750 | $1,319 | $613 | $830 |
| 1 adult 1 child | $848 | $485 | $788 | $613 | $669 |
| 2 adults | $735 | $603 | $1,062 | $0 | $696 |
| 1 adult | $681 | $329 | $531 | $0 | $562 |
Safety trends & Data
Russell County, Alabama has experienced notable fluctuations in property crimes over the past five years. Burglary rates dropped significantly in 2020 but increased again by 2022. Larceny-theft, while peaking in 2018, has generally declined but remains prevalent. Motor vehicle theft and fraud have both increased recently, indicating shifting criminal patterns. Additionally, vandalism spiked in 2022. Understanding these trends could be vital for potential investors, real estate agents, and... Read more
Property Crime Trends in Russell County, AL Over the Last 5 Years
Russell County, Alabama has seen notable fluctuations in property crimes over the past five years. While burglary rates showed a significant drop in 2020, they increased again by 2022. Larceny-theft, the most common property crime, peaked in 2018 and has been on a general decline, but still remains prevalent. Motor vehicle theft and fraud both saw an uptick in recent years, suggesting shifting criminal patterns. Reports of vandalism and arson also varied, with vandalism spiking in 2022. Observing these trends could be crucial for potential investors, real estate agents, and residents considering the area's security landscape.
Demographics
The adult population in Russell County, Alabama is fairly balanced with a slight lean towards females. Approximately, educational attainment shows a significant portion of residents having completed high school or some college, indicating a baseline of educational achievement despite a notable gap in higher education degrees. Age distribution highlights a broad spread across various age groups, with a noticeable dip in the 20 to 24-year range, possibly suggesting outmigration for college or... Read more
Race Distribution in Russell County, Alabama (2022)
Educational Attainment in Russell County, Alabama (2022)
Age Distribution in Russell County, Alabama
Citizen Population in Russell County, Alabama (2022)
Political Trends & Data
Russell County, Alabama saw a slight Democratic tilt in the 2020 U.S. Presidential Election, with about 53% of the vote leaning blue and around 46% favoring Republicans. The minimal support for third-party candidates suggests a strong preference for major parties in the area, hinting at potential shifts in political dynamics worth monitoring in upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Russell County, Alabama saw a notable lean towards the Democratic party, with roughly 53% of the vote, while Republican support hovered around 46%. The presence of third-party candidates was minimal, indicating a clear preference for the two major parties among voters in this county. These voting patterns could hint at shifting political dynamics that might be worth watching in future elections.
46.25% of voters voted for the Republican party in the 2020 Presidential Election
52.64% of voters voted for the Democrat party in the 2020 Presidential Election
1.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
Russell County, Alabama's student-to-teacher ratio has fluctuated between 17 and 19 over the past decade, which is higher than the national average of 14. Though there's been some recent improvement, the higher ratios could affect teaching quality, making the area less appealing for parents who prioritize personalized education. This is an important consideration for real estate professionals, investors, and potential residents, as it can impact property demand and the attractiveness of local... Read more
Student-to-teacher ratio in Russell County, Alabama over the last 10 years
Russell County, Alabama has seen fluctuating student-to-teacher ratios over the past decade, ranging from 17 to 19 students per teacher. While this exceeds the national average of 14 students per teacher, the recent value of around 17 suggests incremental improvement. Higher student-to-teacher ratios can affect teaching quality, making the area slightly less appealing for parents prioritizing personalized education for their children. Investors, real estate agents, and those moving to or building in Russell County may want to consider these variables as they can impact demand for properties and local schools' appeal. Appraisers and insurance agents might also keep an eye on these trends to assess market dynamics and risk factors tied to community services.
