Shelby County Real Estate and Livability Trends
Shelby County, Alabama's real estate market is experiencing robust growth, with median home values jumping from $192,800 in 2015 to $276,500 in 2022. This increase outpaces both state and national trends. Energy-efficient home investments peaked in 2018, boosting residential energy tax credits to $2,080.00. With real estate taxes climbing from $1,596 in 2012 to $2,894 in 2021, the area reflects... Read more
Shelby County Market Trends
Shelby County, Alabama has seen a striking rise in median home values from $192,800 in 2015 to $276,500 in 2022, surpassing both state and national growth rates. Residential energy tax credits peaked in 2018 at $2,080.00, hinting at increased investment in energy-efficient homes. Real estate taxes nearly doubled from $1,596 in 2012 to $2,894 in 2021, suggesting shifts in property values or tax... Read more
Median Value of Occupied Housing Units in Shelby County, Alabama Over the Last 8 Years
Shelby County, Alabama, has experienced a significant rise in median home values over the past eight years, increasing from $192,800 in 2015 to $276,500 in 2022. This local market growth outpaced both the state of Alabama and national averages, which saw more moderate increases from $125,500 to $179,400 over the same period. Investors and potential homeowners may find Shelby County appealing due to this substantial rise, suggesting strong demand and possibly higher returns on property investments. The thriving housing market here could indicate robust economic health and an attractive living environment compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Shelby County, AL Over the Last 9 Years
Shelby County, Alabama has seen a significant uptick in average residential energy tax credits over the past nine years, peaking dramatically in 2018 at $2080.00. This trend suggests increasing investment in energy-efficient home improvements. Post-2018, while the average dipped, it has remained markedly higher than earlier years, with 2021 showing $1492.43 per return. This uptick in energy tax credits can serve as an indicator of enhanced homeowner engagement in sustainable living practices, which could appeal to both environmentally conscious investors and residents seeking long-term energy savings.
Average Real Estate Taxes Per Tax Return in Shelby County, AL Over the Last 10 Years
Over the past decade, Shelby County, Alabama has seen a consistent rise in real estate taxes per tax return. Starting at approximately $1,596 in 2012, the average tax amount has nearly doubled by 2021, reaching around $2,894. The significant spike between 2017 and 2018, from about $1,898 to $2,582, could suggest shifts in local property values or tax policies. For potential homebuyers and investors, understanding this upward trend is crucial for long-term financial planning.
Percentage of Farm Returns in Shelby County, AL Over the Last 10 Years
Farm tax returns in Shelby County, Alabama have shown a slight decline over the past decade, dropping from 0.73% in 2012 to 0.63% in 2021. Despite minor fluctuations, the overall trend reflects a diminishing percentage of farming activity in the area. This is crucial for potential investors and residents since it indicates a possible shift away from agriculture-centric land use. For those considering building property or investing in Shelby County, this trend might signify a growing focus on residential or commercial development due to reduced emphasis on farming.
Number of Mortgages by Occupancy Type in Shelby County, AL Over the Last 5 Years in Shelby County
Shelby County, Alabama has seen a noticeable shift in mortgage trends over the past five years, particularly in the principal residence category, which represents a significant portion of the total. From 2018 to 2022, the number of mortgages for principal residences peaked in 2020 at 22,893, followed by a sharp decline to 13,615 in 2022. Meanwhile, investment properties and second residences have remained relatively stable but constitute a much smaller share of the market. These changes in occupancy type can impact property values, neighborhood dynamics, and investment strategies, making it crucial for investors, appraisers, insurance agents, and real estate professionals to closely monitor these trends. Understanding these dynamics helps stakeholders anticipate shifts in demand and tailor their approaches accordingly.
Economic Outlook
Shelby County, Alabama has seen average taxable income per tax return surge from $73,438.57 in 2013 to $106,072.94 in 2021, underscoring significant economic growth. State and local income taxes have more than doubled in the last decade, climbing from about $5,428.50 to $12,005.53, especially spiking after 2018. Total tax liability has similarly increased from $13,152.13 in 2012 to $18,995.60 in 2021, likely tied to rising property values. Interestingly, poverty rates have generally declined,... Read more
Average Taxable Income per Tax Return in Shelby County, AL over the last 9 years
Shelby County, AL has experienced a notable upward trend in average taxable income per tax return over the past nine years. The income has consistently risen from $73,438.57 in 2013 to a significant $106,072.94 in 2021. This steady increase highlights the economic growth and rising affluence of the area, making it an attractive locality for potential new residents seeking better economic prospects.
Average State and Local Income Taxes Per Tax Return in Shelby County, AL Over the Last 10 Years
Residents of Shelby County, AL have experienced a significant rise in state and local income taxes over the last decade. From 2012 to 2021, the average tax per return more than doubled, jumping from approximately $5,428.50 to over $12,005.53. This sharp increase, especially from 2018 onward, could impact decisions for those considering moving to or staying in the county, particularly in assessing long-term financial planning and cost of living.
Average Total Tax Liability Per Tax Return in Shelby County, AL Over the Last 10 Years
Shelby County, Alabama has experienced a notable upward trend in average total tax liability per tax return over the past decade, with a significant jump from $13,152.13 in 2012 to $18,995.60 in 2021. This increase suggests rising incomes and potentially higher property values, making it an attractive area for investments and real estate development.
Cost of Living in Shelby County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,589 | $1,645 | $2,039 | $1,610 | $1,774 |
| 1 adult 4 children | $1,589 | $1,343 | $1,521 | $1,610 | $1,822 |
| 2 adults 3 children | $1,589 | $1,344 | $1,788 | $1,610 | $1,516 |
| 1 adult 3 children | $1,589 | $1,097 | $1,270 | $1,610 | $1,581 |
| 2 adults 2 children | $1,241 | $1,100 | $1,538 | $1,416 | $1,231 |
| 1 adult 2 children | $1,241 | $822 | $1,019 | $1,416 | $1,216 |
| 2 adults 1 child | $1,241 | $869 | $1,287 | $788 | $1,086 |
| 1 adult 1 child | $1,241 | $562 | $769 | $788 | $940 |
| 2 adults | $1,088 | $698 | $1,037 | $0 | $885 |
| 1 adult | $1,000 | $381 | $518 | $0 | $702 |
Safety trends & Data
Property crime trends in Shelby County, Alabama, reveal notable fluctuations over the past five years. Larceny-theft peaked with 455 incidents in 2022, while burglary incidents dropped significantly from 64 in 2018 to 8 in 2021 before rising to 18 in 2022. Embezzlement cases saw a spike to 42 in 2019, followed by a sharp decline to 3 in 2020. Motor vehicle thefts mostly stayed low, except for a brief surge to 16 cases in 2018. These shifts may suggest changing criminal focuses or local... Read more
Property Crime Trends in Shelby County, AL Over the Last 5 Years
Property crime trends in Shelby County, Alabama over the past five years show notable fluctuations. Larceny-theft remains the most prevalent crime, peaking at 455 incidents in 2022. Burglary incidents dropped significantly from 64 in 2018 to 8 in 2021 but increased to 18 in 2022. There was a high number of embezzlement cases, with a spike in 2019 at 42 cases, but this was followed by a steep drop to 3 cases in 2020. Motor vehicle thefts largely remained low except for a brief surge to 16 cases in 2018. The varied trends in property crime categories may suggest shifting focuses in criminal activity or changes in local enforcement strategies, providing key insights for investors, real estate agents, and residents alike.
Demographics
In Shelby County, Alabama, the adult population is relatively balanced with a slight female majority. Educational attainment shows a pronounced lean towards higher education, with nearly 70% of adults having some college education or higher. The age distribution indicates a robust working-age population, particularly those aged 35 to 54 years, which might signal a stable workforce. Racially, the county is predominantly White, though there is a noticeable presence of Black or African American... Read more
Race Distribution in Shelby County, Alabama (2022)
Educational Attainment in Shelby County, Alabama (2022)
Age Distribution in Shelby County, Alabama
Citizen Population in Shelby County, Alabama (2022)
Political Trends & Data
Shelby County, Alabama, displayed a notable Republican preference in the 2020 Presidential Election, with about 70% of votes going to the GOP. The Democratic Party received close to 29% of the vote, showing a significant yet smaller backing. There were very few votes for other parties, suggesting a strong two-party dynamic in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Shelby County in Alabama reflected a strong leaning towards the Republican Party in the 2020 U.S. Presidential Election, with nearly 70% of votes cast for the GOP. The Democratic Party garnered almost 29% of the vote, indicating a substantial but smaller base of support. Minimal votes were cast for other parties, highlighting a predominantly two-party preference among voters in this county.
69.33% of voters voted for the Republican party in the 2020 Presidential Election
28.94% of voters voted for the Democrat party in the 2020 Presidential Election
1.72% of voters voted for the Other party in the 2020 Presidential Election
School Data
Shelby County, Alabama's student-to-teacher ratios have consistently exceeded the national average of 14 students per teacher over the last decade, peaking at 17.65 in 2022. This trend suggests potential higher demand for educational infrastructure, which could influence investor decisions and real estate agents' strategies. Families moving to the area might prioritize schools with lower ratios, while appraisers and insurance agents could consider this factor in their market... Read more
Student-to-teacher ratio in Shelby County, Alabama over the last 10 years
Shelby County, Alabama has experienced fluctuating student-to-teacher ratios over the last decade, with numbers consistently above the national average of 14 students per teacher. From 2014 to 2023, the ratio peaked at 17.65 in 2022 and saw its lowest at 15.88 in 2014, indicating a trend towards larger class sizes compared to national norms. These ratios could have implications for investors and real estate agents, as higher ratios might suggest a need for more educational infrastructure or could impact perceptions of local school quality. Additionally, those looking to move to the area may weigh these figures when considering educational opportunities for their children, while appraisers and insurance agents might factor the potential demand for schooling resources into their assessments.
