Cross County Real Estate and Livability Trends
Cross County, Arkansas, has seen intriguing financial and real estate trends over the past decade, with average taxable income per tax return climbing from $42,313.95 in 2013 to $49,771.65 in 2021. Median home values hit $97,500 in 2022, still below state and national averages, while real estate taxes have steadily risen. Energy tax credits and a focus on principal residences point to increased... Read more
Cross County Market Trends
Cross County, Arkansas has seen a notable rise in median home values, hitting $97,500 in 2022, a mark that's still lower than Arkansas's average of $162,400 and the national $179,400. The consistent increase in real estate taxes, from $1,094.59 in 2012 to $1,736.36 in 2021, suggests growing property value, potentially drawing interest from investors. Energy tax credits have also been on the rise,... Read more
Median Value of Occupied Housing Units in Cross County, Arkansas Over the Last 8 Years
Cross County, Arkansas has seen a fluctuating trend in median home values over the last eight years, culminating in a significant rise to $97,500 in 2022. Although this remains substantially lower than both state and national averages, with Arkansas at $162,400 and the national value at $179,400, the recent spike may indicate a shift worth watching. This could attract investors seeking lower entry points or homeowners eyeing value appreciation potential.
Residential Energy Tax Credit Per Tax Return in Cross County, AR Over the Last 9 Years
Residential energy tax credits in Cross County, Arkansas, have shown an upward trend over the past nine years, with noticeable peaks in 2017 ($750.00), 2018 ($1,000.00), and 2021 ($1,080.00). These increases reflect significant investments in energy-efficient home improvements, which could be attracting energy-conscious residents. Such incentives make Cross County an appealing destination for property developers and investors focused on sustainable living solutions.
Average Real Estate Taxes Per Tax Return in Cross County, AR Over the Last 10 Years
In Cross County, Arkansas, real estate taxes per tax return have seen a notable upward trajectory over the past decade. Starting at around $1,094.59 in 2012, there has been a consistent increase that reached approximately $1,736.36 by 2021. This gradual rise in property taxes might suggest a growing value in real estate investments in the area. The spike between 2017 and 2018, where taxes jumped from $1,266.33 to $1,582.61, could indicate significant growth or redevelopment projects. For potential investors, property developers, and new residents, understanding these trends can provide important insights into the economic development and potential future returns on real estate in Cross County.
Percentage of Farm Returns in Cross County, AR Over the Last 10 Years
Over the past 10 years, the percentage of farm returns in Cross County, Arkansas has seen slight fluctuations but largely hovers around the 3.5% to 3.9% range. This relatively stable trend suggests a consistent presence of agricultural economic activity in the county. Farm tax returns are essentially documents filed by farm owners detailing their income and expenses, crucial for both tax purposes and gauging the economic health of agricultural enterprises. For potential investors, building developers, or anyone considering moving to Cross County, this data implies a steady agricultural industry, which can indicate a resilient local economy with roots in farming.
Number of Mortgages by Occupancy Type in Cross County, AR Over the Last 5 Years in Cross County
In the past five years, Cross County, Arkansas has seen a consistent domination of principal residence mortgages over investment property and second residence mortgages. Principal residences have surged, peaking at 719 in 2021, while investment properties and second residences have remained comparatively stagnant. This trend can influence property values, investment opportunities, and demand for residential real estate. For investors, this suggests a strong market favoring primary residential properties, potentially lowering gains from rental or holiday homes. Real estate agents and appraisers may need to adjust their focus and valuations to match this predominant residential demand. Similarly, builders and developers might find value in prioritizing family housing projects to align with the apparent primary homeowners' needs. This significant tilt towards primary residences also indicates potential stability and long-term growth for those planning to move to or insure homes in Cross County.
Economic Outlook
Cross County, Arkansas, has experienced a notable rise in average taxable income per tax return over the last nine years, climbing from $42,313.95 in 2013 to $49,771.65 in 2021. This could hint at economic improvement, making the area attractive for investors and business ventures. Additionally, the average state and local income taxes per tax return jumped from $6,154.62 in 2012 to $9,728.57 in 2021, which indicates a substantial shift in the local tax landscape. While there have been... Read more
Average Taxable Income per Tax Return in Cross County, AR over the last 9 years
Cross County, AR has seen a notable upward trend in average taxable income per tax return over the last nine years, growing from around $42,313.95 in 2013 to approximately $49,771.65 in 2021. This steady increase could indicate an economic uplift in the region, making it an appealing prospect for potential investors and those looking to establish or expand businesses. The rise might also suggest healthier disposable incomes for residents, enhancing the overall quality of life and potentially driving demand for new housing and local amenities.
Average State and Local Income Taxes Per Tax Return in Cross County, AR Over the Last 10 Years
Over the last decade, Cross County, AR has seen a notable increase in average state and local income taxes per tax return, growing from $6,154.62 in 2012 to $9,728.57 in 2021. This consistent rise, especially significant since 2018, indicates a substantial shift in the local tax landscape, which can impact both current residents and potential newcomers by influencing overall cost of living and financial planning.
Average Total Tax Liability Per Tax Return in Cross County, AR Over the Last 10 Years
Cross County, Arkansas, has witnessed fluctuations in average total tax liability per tax return over the last decade. While there was a dip in tax liability in 2013 ($6,374.90) and 2018 ($5,933.63), recent years have shown an upward trend, peaking at $6,939.73 in 2021. This data suggests a potential rise in income levels or changes in tax policies affecting residents and investors. It's a critical metric for those considering relocating, investing, or developing property in the area, as tax liabilities can directly influence cost of living and financial planning.
Cost of Living in Cross County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,034 | $1,251 | $1,862 | $966 | $962 |
| 1 adult 4 children | $1,034 | $1,021 | $1,425 | $966 | $1,098 |
| 2 adults 3 children | $1,034 | $1,022 | $1,616 | $966 | $766 |
| 1 adult 3 children | $1,034 | $834 | $1,178 | $966 | $826 |
| 2 adults 2 children | $739 | $836 | $1,369 | $839 | $647 |
| 1 adult 2 children | $739 | $625 | $931 | $839 | $600 |
| 2 adults 1 child | $739 | $661 | $1,122 | $426 | $623 |
| 1 adult 1 child | $739 | $427 | $684 | $426 | $546 |
| 2 adults | $561 | $531 | $875 | $0 | $514 |
| 1 adult | $554 | $290 | $438 | $0 | $496 |
Safety trends & Data
Cross County, Arkansas has seen a notable shift in property crime trends over the past five years. Burglary incidents peaked at 33 in 2019 but dropped to 8 by 2022. Larceny-theft has seen a mild decrease from 37 in 2018 to 27 in 2022, while motor vehicle thefts have stayed consistently low. Vandalism and fraud showed slight variations but no dramatic changes. These trends could indicate shifting safety dynamics potentially influencing property values and insurance rates, making them relevant... Read more
Property Crime Trends in Cross County, AR Over the Last 5 Years
Over the past five years, Cross County, Arkansas has experienced a notable fluctuation in property crimes. While burglary incidents spiked significantly in 2019 reaching 33, they saw a sharp decline to 8 by 2022. Meanwhile, larceny-theft remained relatively steady but showed a mild decrease from 37 in 2018 to 27 in 2022. There was also a slight variation in motor vehicle thefts, staying consistently low. Vandalism and fraud slightly fluctuated but did not show dramatic changes. These trends can be crucial for potential investors, real estate agents, or anyone looking to move to the area, as they provide insights into the safety and crime dynamics that could affect property values and insurance rates.
Demographics
In Cross County, Arkansas, females slightly outnumber males in the adult population. Educational attainment reveals a high percentage of individuals with just a high school diploma, with fewer holding higher educational degrees. Age distribution indicates a balanced range spread across different age groups, with notable concentrations in the 25-34 and 35-44 age brackets. Racial demographics show a predominantly white population, followed by a significant, though smaller, African American... Read more
Race Distribution in Cross County, Arkansas (2022)
Educational Attainment in Cross County, Arkansas (2022)
Age Distribution in Cross County, Arkansas
Citizen Population in Cross County, Arkansas (2022)
Political Trends & Data
Cross County, Arkansas shows a significant Republican tilt, with an estimated 71% of the 2020 U.S. Presidential Election vote possibly leaning GOP. Democrats appear to have secured roughly 26% of the vote, with minimal backing for third parties such as the Libertarians and Greens. This trend might imply a predominantly conservative voter base influencing local policies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cross County, Arkansas, the 2020 U.S. Presidential Election results indicate a dominant Republican presence, with around 71% of the vote possibly going to the GOP. Democrats may have garnered about 26%, while other parties like the Libertarians and Greens seem to have received minor support. These figures suggest a notably stronger Republican leaning in local voter preferences.
71.25% of voters voted for the Republican party in the 2020 Presidential Election
25.53% of voters voted for the Democrat party in the 2020 Presidential Election
0.69% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% of voters voted for the Green party in the 2020 Presidential Election
2.42% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cross County, Arkansas has consistently boasted a student-to-teacher ratio below the national average of 14:1, peaking at 13.66 in 2015 and generally staying between 12.39 and 13.39 from 2016 to 2023. This relatively low ratio could appeal to investors and families looking for smaller class sizes and more individualized attention for students, which could be a significant factor for appraisers and real estate agents when assessing property values or marketing... Read more
Student-to-teacher ratio in Cross County, Arkansas over the last 10 years
Cross County, Arkansas has seen a student-to-teacher ratio that has generally remained below the national average of 14 students per teacher over the past 10 years. While the ratio peaked at 13.66 in 2015, it has largely hovered between 12.39 and 13.39 from 2016 to 2023. This relatively low student-to-teacher ratio could be attractive for investors or families considering a move, as it may indicate smaller class sizes and potentially more individualized attention for students compared to other areas. Appraisers and real estate agents might find this information useful when assessing property values or marketing homes, as quality of education is often a key consideration for buyers.
