Dallas County Real Estate and Livability Trends
Dallas County, Arkansas, has experienced a consistent rise in home values, leaping from $62,000 in 2015 to $94,300 in 2022, outpacing both state and national trends. There's also a noticeable increase in residential energy tax credits, indicating significant investment in energy efficiency. Real estate taxes peaked at $1,433.33 in 2019, reflecting rising property values and local economic shifts.... Read more
Dallas County Market Trends
Dallas County, Arkansas has seen a remarkable increase in median home values, climbing from $62,000 in 2015 to $94,300 in 2022. This surge outpaces both state and national trends, suggesting a rapidly appreciating market. Notably, residential energy tax credits have also risen, indicating a growing investment in energy-efficient upgrades, a potential draw for buyers and investors. Real estate... Read more
Median Value of Occupied Housing Units in Dallas County, Arkansas Over the Last 8 Years
Over the past eight years, median home values in Dallas County, Arkansas have experienced remarkable growth, leaping from $62,000 in 2015 to $94,300 in 2022. This increase is particularly intriguing given that it's outpaced both state and national trends, where Arkansas saw values go from $111,400 to $162,400, and the U.S. overall increased from $125,500 to $179,400. For those considering investment, relocation, or property development in Dallas County, this could signal a rapidly appreciating market, suggesting potential for both property value gains and a thriving local economy.
Residential Energy Tax Credit Per Tax Return in Dallas County, AR Over the Last 2 Years
Dallas County, Arkansas has seen a significant increase in residential energy tax credits per tax return over the last two years. In 2013, the average tax credit was $250.00, which rose to $350.00 by 2014. This upward trend highlights increasing investments in energy-efficient home improvements, which could be enticing for potential homeowners and investors looking to capitalize on these cost-saving opportunities.
Average Real Estate Taxes Per Tax Return in Dallas County, AR Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Dallas County, Arkansas have shown variability, with a notable peak at $1433.33 in 2019. There's been a fluctuation in values, with increases such as in 2018 to $1214.29 and subsequent decreases. These changes might reflect shifts in property values, economic conditions, or local fiscal policies. Individuals considering investment or relocation should factor in these trends for a better understanding of the financial landscape in Dallas County.
Percentage of Farm Returns in Dallas County, AR Over the Last 10 Years
Farm tax returns in Dallas County, Arkansas, show a consistent trend hovering around 3.00% over the past decade, with slight annual fluctuations. Notably, the percentage decreased to approximately 2.50% in years like 2016 and 2017 but has seen a minor uptick toward 3.00% in recent years. This metric provides a snapshot of agricultural economic activity in the region, significant for individuals and businesses considering investments or development in local agribusiness. Those interested in the area's economic health might find these trends indicative of stable or slightly improving farming operations, possibly influencing property values and business opportunities.
Number of Mortgages by Occupancy Type in Dallas County, AR Over the Last 5 Years in Dallas County
The last five years of mortgage data for Dallas County, Arkansas show a steady dominance of principal residence loans compared to investment and second residences. Investment properties and second residences have seen significantly lower and more variable mortgage counts. This discrepancy can signal a lower risk for primary residential investments, generally implying stability for new homebuyers and suggesting a mature and steady market for those planning to settle. However, the limited interest in investment and vacation properties might hint at fewer opportunities for high returns on investment, which could matter for investors seeking lucrative opportunities. Real estate agents and appraisers might find the stability of primary residence mortgages useful for projections, while those building property should be aware of the market's inclination. Insurers might observe different risk profiles due to the low variation in mortgage values and types.
Economic Outlook
Dallas County, Arkansas has shown a steady rise in average taxable income per tax return, jumping from $37,350.51 in 2013 to $47,251.95 in 2021, reflecting underlying economic growth and likely better-paying jobs. Concurrently, state and local income taxes per return have peaked at $7,571.43 in 2020, indicating increased fiscal pressure on residents but also potentially signaling a thriving local economy. Additionally, the average total tax liability per tax return has grown from $4,834.22 in... Read more
Average Taxable Income per Tax Return in Dallas County, AR over the last 9 years
Dallas County, AR has seen a steady increase in average taxable income per tax return over the past nine years. From $37,350.51 in 2013 to $47,251.95 in 2021, the upward trend reflects economic growth and possibly an increase in higher-paying jobs in the area. This promising financial indicator makes Dallas County an attractive option for potential investors, property developers, and new residents who are looking for a community with improving economic conditions.
Average State and Local Income Taxes Per Tax Return in Dallas County, AR Over the Last 10 Years
Over the past decade, Dallas County, AR has experienced a notable rise in average state and local income taxes per tax return, peaking at $7,571.43 in 2020. This trend highlights increasing fiscal demands on residents, which potential movers need to consider in their financial planning. Such fluctuations can impact disposable income and overall cost of living, making it crucial for current and prospective residents to be aware of the evolving tax landscape.
Average Total Tax Liability Per Tax Return in Dallas County, AR Over the Last 10 Years
Dallas County, Arkansas has seen a steady increase in average total tax liability per tax return over the past decade, rising from $4,834.22 in 2012 to $5,610.82 in 2021. This trend indicates a gradual escalation in local economic activity and possibly rising incomes. For investors, property developers, and potential residents, this consistent upward pattern suggests a stable and growing tax base, pointing to economic resilience and potential for future growth opportunities in the county.
Cost of Living in Dallas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,023 | $1,323 | $1,862 | $966 | $1,016 |
| 1 adult 4 children | $1,023 | $1,080 | $1,425 | $966 | $1,160 |
| 2 adults 3 children | $1,023 | $1,081 | $1,616 | $966 | $801 |
| 1 adult 3 children | $1,023 | $882 | $1,178 | $966 | $870 |
| 2 adults 2 children | $720 | $885 | $1,369 | $839 | $673 |
| 1 adult 2 children | $720 | $661 | $931 | $839 | $623 |
| 2 adults 1 child | $720 | $699 | $1,122 | $426 | $642 |
| 1 adult 1 child | $720 | $452 | $684 | $426 | $558 |
| 2 adults | $547 | $562 | $875 | $0 | $527 |
| 1 adult | $539 | $306 | $438 | $0 | $500 |
Safety trends & Data
Dallas County, Arkansas, has had varying property crime rates over the past five years. While burglary incidents hit a peak with 30 cases in 2019, they dropped to just 5 by 2022. Larceny-theft also saw a decline, from 23 arrests in 2019 to 8 by 2022. Cases of fraud and vandalism have remained relatively stable in the low single digits. These trends might impact real estate investors and insurance agents focusing on risk assessments, but they could also signal positive changes for residents and... Read more
Property Crime Trends in Dallas County, AR Over the Last 5 Years
Dallas County, Arkansas, has seen fluctuating trends in property crimes over the past five years. Burglary incidents peaked in 2019 with 30 reported cases compared to just 5 in 2022, indicating some improvement but also variability. Larceny-theft followed a similar pattern, with a high of 23 arrests in 2019 but declining to 8 by 2022. Cases of fraud and vandalism have remained relatively stable, each hovering in the low single digits annually. This data suggests potential areas of concern for real estate investors, appraisers, and insurance agents focusing on risk assessments, while signaling possible positive trends for residents and those considering a move to the county.
Demographics
Dallas County, Arkansas, shows a slight female majority with the adult population having just over half identifying as female. Educational attainment reveals most residents have finished high school, though less than half have pursued any higher education. When examining age distribution, residents 55 and older form a significant portion, particularly those between 55 to 64 years. Racially, the population is predominantly White and Black or African American, with minimal representation from... Read more
Race Distribution in Dallas County, Arkansas (2022)
Educational Attainment in Dallas County, Arkansas (2022)
Age Distribution in Dallas County, Arkansas
Citizen Population in Dallas County, Arkansas (2022)
Political Trends & Data
In Dallas County, Arkansas, the 2020 U.S. Presidential Election revealed a significant leaning towards the Republican party, securing 59.4% of the vote. The Democratic party followed at a distant 36.4%, while third parties barely made a dent, collectively falling short of 6%. This imbalance suggests a primarily two-party political dynamic, potentially pointing to deeper local political preferences and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dallas County, Arkansas, the 2020 U.S. Presidential Election results suggested a notable Republican preference, with the party attracting approximately 59.4% of the vote. Meanwhile, Democrats garnered around 36.4%, highlighting a significant yet lesser degree of support. Third parties, including the Libertarian and Green parties, along with other affiliations, collectively accounted for a relatively minor portion of the vote, with none surpassing even 6%. This distribution might indicate a primarily two-party contest within this county, potentially hinting at a political landscape dominated by established parties.
59.38% of voters voted for the Republican party in the 2020 Presidential Election
36.35% of voters voted for the Democrat party in the 2020 Presidential Election
0.53% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
3.62% of voters voted for the Other party in the 2020 Presidential Election
School Data
Dallas County, Arkansas has usually maintained a lower student-to-teacher ratio than the national average of fourteen students per teacher. Between 2016 and 2017, the ratio even dipped to around ten students per teacher, and while it has recently increased to approximately thirteen in 2023, it's still relatively low. For those eyeing the local real estate market, these figures matter because smaller class sizes often hint at more personalized attention in education, potentially making the area... Read more
Student-to-teacher ratio in Dallas County, Arkansas over the last 10 years
Over the last decade, Dallas County, Arkansas has generally maintained a lower student-to-teacher ratio compared to the national average of fourteen students per teacher. Notably, the ratio dipped to a low of around ten students per teacher between 2016 and 2017 and remained fairly low, though it saw a recent increase to approximately thirteen students per teacher in 2023. For families considering relocation, investors looking at local educational infrastructure, or real estate agents marketing the area, these ratios suggest smaller class sizes that could indicate more personalized attention for students. Comparatively lower ratios may also be appealing for educators seeking a less crowded teaching environment or for homebuyers concerned about quality education for their children.
