Wilcox County Real Estate and Livability Trends
Wilcox County, Alabama has seen a notable rise in median home values, peaking at $83,200 in 2022, although still remaining well below state and national medians, potentially capturing the interest of affordable real estate investors. Increasing residential energy tax credits since 2016 and a spike in real estate taxes underscore a shift towards energy efficiency and a changing tax landscape.... Read more
Wilcox County Market Trends
Wilcox County, Alabama's median home values have seen an upward but inconsistent trend, peaking at $83,200 in 2022, which remains significantly below the state and national medians of $179,400. This gap could be enticing for those eyeing affordable real estate investments. Residential energy tax credits have surged since 2016, with a high of $1,408.33 in 2020, underscoring a local push towards... Read more
Median Value of Occupied Housing Units in Wilcox County, Alabama Over the Last 8 Years
The median home values in Wilcox County, Alabama have experienced some fluctuation over the past eight years, with a noticeable dip in 2020 to $67,200. Despite an overall upward trend from $77,300 in 2015 to $83,200 in 2022, Wilcox County's median values consistently trail behind both the state's and the national figures. For instance, in 2022, the median home value in Alabama was $179,400, and the national average was $179,400. These disparities could present potential investment opportunities for those looking at more affordable housing markets while considering the broader trends in Alabama and across the United States.
Residential Energy Tax Credit Per Tax Return in Wilcox County, AL Over the Last 9 Years
Over the past nine years in Wilcox County, Alabama, the average residential energy tax credit per tax return has exhibited significant growth, peaking at $1,408.33 in 2020. Notably, there's been a continuous rise since 2016, indicating increased investment in energy-efficient home improvements. This trend suggests a strong local emphasis on sustainability and could signal opportunities for businesses in the green energy sector. The increasing tax credits also enhance the appeal for new residents and investors aiming for long-term savings through energy-efficient property enhancements.
Average Real Estate Taxes Per Tax Return in Wilcox County, AL Over the Last 10 Years
In Wilcox County, Alabama, real estate taxes per tax return have shown some significant fluctuations over the past decade. While values hovered around $1,000.00 from 2012 to 2017, a notable spike occurred in 2018 with the average jumping to $1,861.54. Although there was a slight decrease in subsequent years, the average remained quite elevated at $1,850.00 by 2021. This trend could impact decisions related to property investment or residential moves, suggesting an evolving tax landscape that potential investors or residents may want to consider.
Percentage of Farm Returns in Wilcox County, AL Over the Last 10 Years
In Wilcox County, Alabama, the percentage of farm tax returns over the past decade has shown a slight downward trend, with a peak of 5.94% in 2018 and a low of 5.08% in 2020. Farm tax returns, representing the proportion of total tax returns filed by farmers, are a useful indicator of the agricultural sector's economic health and activity. For potential investors, builders, and residents, these trends highlight subtle shifts in the local agricultural economy, influencing property values, investment opportunities, and community development around farming activities. With the proportion hovering around 5.5% for most years, the consistency indicates a stable, though slightly fluctuating, agricultural presence in the county.
Number of Mortgages by Occupancy Type in Wilcox County, AL Over the Last 5 Years in Wilcox County
Wilcox County, Alabama has shown a marked increase in mortgages for principal residences over the last five years, peaking in 2021 with 278 mortgages. Investment properties have remained quite stable, hovering around 5 to 6 mortgages annually. Second residences have seen a slight decline from 28 mortgages in 2019 to 15 in 2022. These shifts in occupancy types could suggest changing lifestyle priorities or economic conditions, which could influence property values, rental rates, and insurance premiums. For investors and developers, a stable but lower number of investment property mortgages might signal less competition and more opportunities for future residential projects. For real estate agents, focusing on growing demand for principal residences could yield more business. Appraisers and insurance agents might also benefit from staying on top of these trends to adjust their services accordingly.
Economic Outlook
Average taxable income per tax return in Wilcox County, Alabama has seen an upward trend over the past nine years, climbing from $36,349.56 in 2013 to $44,737.50 in 2021. Meanwhile, state and local income taxes have more than doubled, moving from $3,084.38 in 2012 to $6,133.33 in 2021, showing notable increases particularly in 2018 and 2020. The total tax liability per tax return also follows a fluctuating but upward trajectory, suggesting possible rises in taxable incomes or shifts in tax... Read more
Average Taxable Income per Tax Return in Wilcox County, AL over the last 9 years
Average taxable income per tax return in Wilcox County, AL has shown a generally upward trend over the past nine years. Starting at $36,349.56 in 2013, it fluctuated marginally but consistently increased, hitting a notable peak of $44,737.50 in 2021. This growth indicates an improving economic environment and could suggest enhanced earning potential for those considering moving to the area.
Average State and Local Income Taxes Per Tax Return in Wilcox County, AL Over the Last 10 Years
Over the past decade, Wilcox County, AL has experienced a significant upward trend in average state and local income taxes per tax return, jumping from $3,084.38 in 2012 to $6,133.33 in 2021. Notable spikes occurred in 2018 and 2020, with averages exceeding $4,700, suggesting a potentially increasing tax burden for residents. This trend may impact the cost of living and is crucial for prospective movers and current residents evaluating financial commitments in the county.
Average Total Tax Liability Per Tax Return in Wilcox County, AL Over the Last 10 Years
Wilcox County, Alabama has experienced notable fluctuations in average total tax liability per tax return over the past decade, with amounts ranging from $4,631.01 in 2014 to a high of $6,329.68 in 2021. While there were increments and dips, recent years show a clear upward trajectory, highlighting an increase in taxable incomes or changes in tax policy impacting residents. Investors and potential residents should consider these trends as they reflect economic shifts and potential cost-of-living adjustments in the county.
Cost of Living in Wilcox County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,086 | $1,371 | $1,917 | $1,252 | $1,247 |
| 1 adult 4 children | $1,086 | $1,120 | $1,430 | $1,252 | $1,261 |
| 2 adults 3 children | $1,086 | $1,120 | $1,682 | $1,252 | $1,014 |
| 1 adult 3 children | $1,086 | $915 | $1,194 | $1,252 | $1,036 |
| 2 adults 2 children | $892 | $917 | $1,446 | $1,086 | $909 |
| 1 adult 2 children | $892 | $685 | $959 | $1,086 | $822 |
| 2 adults 1 child | $892 | $725 | $1,210 | $546 | $827 |
| 1 adult 1 child | $892 | $468 | $723 | $546 | $678 |
| 2 adults | $686 | $582 | $975 | $0 | $680 |
| 1 adult | $675 | $318 | $487 | $0 | $569 |
Safety trends & Data
Property crime trends in Wilcox County, Alabama, have shown a mix of peaks and drops over the past five years. While arson and some theft areas increased in 2018, burglary and larceny-theft saw notable declines afterward, which may be promising for property investors and homeowners. Stolen property incidents, however, have been inconsistent, peaking again slightly in 2021. This fluctuating crime landscape should be factored into risk assessments by real estate stakeholders, appraisers, and... Read more
Property Crime Trends in Wilcox County, AL Over the Last 5 Years
Property crime trends in Wilcox County, Alabama over the past five years reveal fluctuating patterns with notable peaks and declines. Arson and certain theft categories saw an uptick in 2018. However, burglary and larceny-theft witnessed significant drops after 2018, potentially beneficial for property investors and homeowners. Yet, stolen property incidents have shown erratic movements, peaking again slightly during 2021. This varying crime landscape should be carefully considered by real estate stakeholders, appraisers, and insurers for a more nuanced risk assessment when dealing with properties in this region.
Demographics
The population in Wilcox County, Alabama, shows a nearly even gender distribution with slightly more females than males. Educational attainment data reveals a significant number of residents hold a high school diploma, while post-secondary degree achievements are noticeably lower. Age-wise, the area sees a balanced spread with a modest increase in the senior population. Racial demographics highlight a predominant Black or African American community compared to other racial groups. This data can... Read more
Race Distribution in Wilcox County, Alabama (2022)
Educational Attainment in Wilcox County, Alabama (2022)
Age Distribution in Wilcox County, Alabama
Citizen Population in Wilcox County, Alabama (2022)
Political Trends & Data
Wilcox County, Alabama, exhibits a solid Democratic orientation, with an estimated 68.6% voting for Democrats during the 2020 U.S. Presidential Election. The Republican vote share was roughly 31%, suggesting a significant Democratic presence. Third-party influence remains marginal, with minimal support for parties like the Libertarians and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wilcox County, Alabama, displayed a noticeable preference for the Democratic Party in the 2020 U.S. Presidential Election, with Democrats supposedly securing around 68.6% of the vote. This trend indicates that the area could be a Democratic stronghold, compared to the Republican share of about 31%. Voter engagement with third parties appears negligible, as the Libertarian and Green parties seemingly garnered no significant support.
31.05% of voters voted for the Republican party in the 2020 Presidential Election
68.58% of voters voted for the Democrat party in the 2020 Presidential Election
0.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Wilcox County, Alabama, the student-to-teacher ratio has fluctuated significantly over the last decade, peaking at 18 students per teacher in 2018 and decreasing to just over 14 in 2023. This trend could be appealing to potential investors, real estate agents, and families considering relocation, as smaller class sizes might suggest more individualized attention and higher educational quality, affecting property valuation and community acclaim. Additionally, appraisers and insurance agents... Read more
Student-to-teacher ratio in Wilcox County, Alabama over the last 10 years
Over the last decade, the student-to-teacher ratio in Wilcox County, Alabama, has seen notable fluctuations. The ratio peaked at 18 students per teacher in 2018 and gradually decreased, reaching just over 14 in 2023, now below the national average of 14 students per teacher. This trend could be significant for potential investors, real estate agents, or families considering relocation, as lower ratios might suggest smaller class sizes and potentially more individualized attention in educational settings—factors that can be appealing in property valuation and community development. Additionally, appraisers and insurance agents might see shifts in property desirability based on the perceived quality of local education, directly tied to these changing ratios.
