Drew County Real Estate and Livability Trends
Drew County, Arkansas, has experienced a noticeable rise in median home values, from $93,600 in 2015 to $123,900 in 2022, making it an attractive option for budget-conscious buyers. Energy-efficient home investments are getting a boost, as reflected by the average residential energy tax credit, which jumped from $460.00 in 2013 to $2,025.00 in 2021. Property taxes have also surged, particularly... Read more
Drew County Market Trends
In Drew County, Arkansas, median home values have risen from $93,600 in 2015 to $123,900 in 2022. Though lower than the state and national medians, this increase makes the county appealing for affordability. The significant increase in the average residential energy tax credit per tax return, up from $460.00 in 2013 to $2,025.00 in 2021, highlights incentives for energy-efficient home... Read more
Median Value of Occupied Housing Units in Drew County, Arkansas Over the Last 8 Years
Drew County, Arkansas has seen its median home values grow from $93,600 in 2015 to $123,900 in 2022, reflecting an overall upward trend. While these values have increased, they still remain lower compared to both Arkansas's state median, which peaked at $162,400 in 2022, and the national median which reached $179,400 in the same year. This makes Drew County an intriguing option for potential home buyers seeking affordability despite the broader market's growth.
Residential Energy Tax Credit Per Tax Return in Drew County, AR Over the Last 9 Years
Drew County, Arkansas has seen a significant rise in the average residential energy tax credit per tax return over the past nine years. Starting at $460.00 in 2013, the credit dramatically spiked to $1,625.00 in 2018 and continued to increase, reaching $2,025.00 by 2021. This uptrend signals growing incentives for energy-efficient home investments, making it an attractive proposition for homeowners and investors prioritizing sustainable living initiatives.
Average Real Estate Taxes Per Tax Return in Drew County, AR Over the Last 10 Years
Drew County, Arkansas has experienced a noticeable uptick in real estate taxes per tax return over the past decade. In 2012, the average was around $1,122.73, gradually increasing to $1,316.35 by 2015. A more dramatic spike occurred between 2017 and 2018 when the average taxes jumped from approximately $1,339.81 to $1,867.86. This nearly steady rise could indicate growing property values or adjustments in tax policies, which might be of interest to potential investors or new residents.
Percentage of Farm Returns in Drew County, AR Over the Last 10 Years
Over the last decade, Drew County, Arkansas has seen its percentage of farm tax returns fluctuate slightly, with values ranging from 3.68% to 4.05%. Farm tax returns refer to the percentage of tax filings claiming agricultural income, essentially acting as a barometer for agricultural activity in an area. While the overall percentage of farm returns has seen a mild increase, there was a noticeable dip in 2020 to 3.68%, likely reflecting the broader economic impacts of global events during that year. For investors, builders, or those interested in rural life, these subtle shifts hint at a relatively stable but slightly growing agricultural sector in Drew County which might indicate consistent land use for farming.
Number of Mortgages by Occupancy Type in Drew County, AR Over the Last 5 Years in Drew County
Drew County, Arkansas, exhibits a strong preference for principal residences, visibly outnumbering mortgages for investment and second residences year after year. Between 2018 and 2022, principal residences consistently saw mortgage counts in the hundreds, peaking at 531 in 2020 before declining to 387 by 2022. Meanwhile, investment properties and second residences displayed significantly lower figures, peaking at just 19 and 11 mortgages, respectively, in 2021. This shift in occupancy type could signal evolving demographic trends, fluctuating economic conditions, or changing preferences among buyers, all crucial for prospective investors, developers, real estate agents, and insurance professionals aiming to understand market dynamics and demand within the county.
Economic Outlook
In Drew County, Arkansas, the average taxable income per tax return has risen notably over the past nine years, from $47,598.17 in 2014 to $58,656.19 in 2021. This trend hints at a strengthening local economy. Meanwhile, average state and local income taxes have shown significant fluctuations, peaking sharply at $15,251.85 in 2021, potentially affecting financial planning and cost of living. Average total tax liability has also climbed, reaching $9,107.62 in 2021 from $6,795.20 in 2012,... Read more
Average Taxable Income per Tax Return in Drew County, AR over the last 9 years
In Drew County, AR, there's been a notable upward trend in the average taxable income per tax return over the past nine years. From a low of $47,598.17 in 2014 to a high of $58,656.19 in 2021, this increase in taxable income indicates a strengthening local economy, which is promising for potential investors and new residents. This steady upward trajectory is a good indicator of rising prosperity and economic stability within the county, making it an attractive area for building property and investing.
Average State and Local Income Taxes Per Tax Return in Drew County, AR Over the Last 10 Years
Drew County, AR has seen significant fluctuations in average state and local income taxes per tax return over the past decade. The taxes steadily rose from $5,801.54 in 2012 to $6,762.31 in 2013, followed by minor variances until a sharp increase in 2018, reaching $11,577.42. The upward trend continued peaking at $15,251.85 in 2021. This volatility in taxation can impact the financial planning and cost of living considerations for current and prospective residents.
Average Total Tax Liability Per Tax Return in Drew County, AR Over the Last 10 Years
Drew County, Arkansas has seen some fluctuations in average total tax liability over the last decade, with a noticeable peak in 2021 at $9,107.62. Compared to $6,795.20 in 2012, this shows a considerable rise. While there have been minor dips and increases over the years, the overall trend points towards a growing tax burden. This data could signal changes in the local economy, property values, or income levels and is crucial for anyone considering investment or relocation to this area.
Cost of Living in Drew County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $933 | $1,355 | $1,862 | $966 | $975 |
| 1 adult 4 children | $933 | $1,107 | $1,425 | $966 | $1,107 |
| 2 adults 3 children | $933 | $1,107 | $1,616 | $966 | $768 |
| 1 adult 3 children | $933 | $904 | $1,178 | $966 | $821 |
| 2 adults 2 children | $761 | $906 | $1,369 | $839 | $688 |
| 1 adult 2 children | $761 | $677 | $931 | $839 | $640 |
| 2 adults 1 child | $761 | $716 | $1,122 | $426 | $656 |
| 1 adult 1 child | $761 | $463 | $684 | $426 | $572 |
| 2 adults | $578 | $575 | $875 | $0 | $537 |
| 1 adult | $570 | $314 | $438 | $0 | $511 |
Safety trends & Data
Drew County, Arkansas has seen property crime trends fluctuate over the last five years, especially in larceny-theft, which peaked at 59 incidents in 2019 before dropping to 31 in 2022. Burglary rates also showed a downward trend from 17 in 2018 to 6 in 2022, possibly reflecting better security or more efficient law enforcement. Motor vehicle theft remained steady, with incidents ranging from 3 to 7 annually. Although vandalism and fraud rates had slight variations, they showed no significant... Read more
Property Crime Trends in Drew County, AR Over the Last 5 Years
Drew County, Arkansas has seen some notable fluctuations in property crime over the past five years. Larceny-theft consistently had the highest number of incidents, peaking at 59 in 2019 and decreasing to 31 in 2022, suggesting a potential decline in theft-related crimes. Burglary numbers also show a downward trend, from 17 in 2018 to 6 in 2022, possibly indicating improved security measures or law enforcement efficiency. Motor vehicle theft remained relatively stable, varying from 3 to 7 incidents per year. Vandalism and fraud rates have seen slight fluctuations but no significant long-term trends. This variability in property crime statistics could influence decisions for potential investors, real estate agents, and residents regarding safety and property insurance considerations.
Demographics
In Drew County, Arkansas, males and females are fairly evenly split within the adult population, with a slightly higher number of females. Educational attainment is quite varied; while the percentage with high school diplomas or some college is prominent, a notable number have achieved bachelor's or higher degrees. The age distribution shows a balanced spread across different age groups, but there's a significant portion in the 55-64 age range. The racial makeup is predominantly White, with a... Read more
Race Distribution in Drew County, Arkansas (2022)
Educational Attainment in Drew County, Arkansas (2022)
Age Distribution in Drew County, Arkansas
Citizen Population in Drew County, Arkansas (2022)
Political Trends & Data
Drew County, Arkansas likely exhibited a strong Republican lean in the 2020 U.S. Presidential Election, with about 63% of the vote going to Republicans compared to the Democrats' 35%. Minor parties made little impact, underscoring a predominantly two-party competition with limited influence from emerging political platforms. This suggests a political environment possibly resistant to third-party influence or shifts in the two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Drew County, Arkansas likely exhibited a strong Republican lean in the 2020 U.S. Presidential Election, with Republicans securing roughly 63% of the vote compared to the Democrat's 35%. Minor parties such as the Libertarian and Green parties accounted for a negligible share, indicating a predominantly two-party competition with minimal impact from other political platforms. This suggests a political environment potentially resistant to third-party influence or changes in the prevailing two-party dynamic.
62.96% of voters voted for the Republican party in the 2020 Presidential Election
35.12% of voters voted for the Democrat party in the 2020 Presidential Election
0.39% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
1.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Drew County, Arkansas has hovered around the national average of 14 students per teacher, ranging mainly between 13 and 15 over the past decade. Peaks of approximately 14.5 in 2017, 2020, and 2021 hint at a relatively stable educational environment. This modest variation might suggest opportunities for more personalized student attention in certain years, an important consideration for families, real estate agents, and appraisers when assessing the... Read more
Student-to-teacher ratio in Drew County, Arkansas over the last 10 years
The student-to-teacher ratio in Drew County, Arkansas has fluctuated around the national average of 14 students per teacher over the last decade. Interestingly, the ratio has mostly remained in a range between 13 and 15, hitting peaks of approximately 14.5 in 2017, 2020, and 2021. For those looking to invest in, move to, or provide services in Drew County, this modest variance could suggest a relatively stable educational environment. Lower ratios in certain years might indicate opportunities for more personalized student attention, potentially enhancing educational outcomes, which is an important factor for families, real estate agents, and appraisers when evaluating the area.
