Garland County Real Estate and Livability Trends
Garland County, Arkansas, is seeing upward trends in average taxable income, rising home values, and decreasing property crime rates, potentially drawing interest from investors and residents. Despite an increasing tax burden, median home values have climbed 27.5% since 2015, suggesting robust appreciation. The poverty rate shows fluctuations, yet the promise of economic growth persists. Real... Read more
Garland County Market Trends
Garland County, Arkansas has seen a notable 27.5% rise in median home values from $130,700 in 2015 to $166,600 in 2022, reflecting a robust and steadily appreciating market. Residential energy tax credits saw an erratic peak at $3,285.71 in 2018, mirroring increased interest in energy efficiency. Real estate taxes per tax return nearly doubled from $1,741.67 in 2012 to $3,287.96 in 2021, hinting... Read more
Median Value of Occupied Housing Units in Garland County, Arkansas Over the Last 8 Years
Garland County, Arkansas has experienced a substantial uptick in median home values from $130,700 in 2015 to $166,600 in 2022. This 27.5% increase aligns closely with the state of Arkansas, which saw home values escalate from $111,400 to $162,400 over the same period. However, compared to the national growth from $125,500 to $179,400, Garland County's increase appears slightly more moderate. For potential investors and residents, this stable yet significant growth in home values may signal a robust and steadily appreciating real estate market, making it an attractive option for long-term investment.
Residential Energy Tax Credit Per Tax Return in Garland County, AR Over the Last 9 Years
Garland County, Arkansas has seen a notable fluctuation in residential energy tax credits over the past nine years. While tax credits averaged around $440.63 in 2013, they peaked dramatically at $3,285.71 in 2018, reflecting a significant rise in energy-efficient investments. Though there's been variability, recent years have sustained higher averages, signaling continued interest in energy efficiency among residents. This short-term surge, followed by a stable increase, makes Garland County appealing for those interested in sustainable living and potential financial incentives through residential energy investments.
Average Real Estate Taxes Per Tax Return in Garland County, AR Over the Last 10 Years
Garland County, Arkansas has seen a noticeable increase in real estate taxes per tax return over the last decade. Starting at approximately $1,741.67 in 2012, the amount has steadily grown, peaking at $3,287.96 in 2021. This upward trend may indicate rising property values or changes in tax policies, making it a crucial factor for potential investors and residents to consider. This significant rise suggests a dynamic real estate market that could offer both opportunities and challenges.
Percentage of Farm Returns in Garland County, AR Over the Last 10 Years
Farm tax returns in Garland County, Arkansas have seen slight fluctuations over the last decade, generally hovering around 1%. From 2012 to 2021, the percentage of farm tax returns only varied marginally, with the highest at roughly 1.07% in 2016. Farm tax returns are submissions made by farmers to report their income and expenses for tax purposes, offering insights into the agricultural economic activities within a region. This relatively steady trend suggests that while farming is a consistent part of the local economy, it hasn't experienced significant growth or decline. For those interested in investing or building property in Garland County, the stability in farm tax returns could imply a steady agricultural presence, contributing to a balanced local economy and potentially offering stable returns on agricultural investments or related ventures.
Number of Mortgages by Occupancy Type in Garland County, AR Over the Last 5 Years in Garland County
Garland County, Arkansas has seen a notable shift in mortgage trends across different occupancy types over the past five years. Principal residences dominate the market, peaking in 2021 with 6,184 mortgages, but dropping to 4,420 in 2022. Investment properties and second residences have remained relatively stable, but the subtle decline in second residences last seen in 2022 (334 mortgages) might suggest shifting homeowner priorities. These changes in mortgage distribution might matter for investors evaluating market demand, appraisers adjusting property values, and insurance agents framing policy rates. Real estate agents and developers, in particular, might need to consider these trends when catering to potential buyers or planning new projects.
Economic Outlook
Garland County, Arkansas, is experiencing a significant upward trend in average taxable income per tax return, climbing from $47,116.05 in 2013 to $66,109.30 in 2021. This promising economic growth might entice investors and developers considering long-term projects. However, the county’s average state and local income taxes have nearly doubled in the past decade, hitting $14,418.72 in 2021, highlighting a rising tax burden. Interestingly, average total tax liability has also increased to... Read more
Average Taxable Income per Tax Return in Garland County, AR over the last 9 years
Garland County, AR has seen a notable upward trajectory in average taxable income per tax return over the past nine years, rising from $47,116.05 in 2013 to $66,109.30 in 2021. This consistent growth signals an improving economic landscape, making it an attractive spot for potential investors, homebuyers, and developers eyeing long-term stability and prosperity.
Average State and Local Income Taxes Per Tax Return in Garland County, AR Over the Last 10 Years
Garland County, AR has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting at $7,191.40 in 2012 and swelling to $14,418.72 in 2021, this trend suggests a significant rise in local tax burdens, nearly doubling within this period. The sharpest jumps are observed post-2017, reflecting potential economic and policy shifts that could impact cost of living and disposable income for current and prospective residents.
Average Total Tax Liability Per Tax Return in Garland County, AR Over the Last 10 Years
Garland County, Arkansas has seen a notable rise in the average total tax liability per tax return over the past decade. In 2012, the average was $8,154.94, but by 2021, this amount had surged to $10,937.81. This upward trend, particularly the sharp increases post-2019, suggests growing economic activity and potentially higher incomes, making the county an appealing consideration for investors and new residents looking for robust economic indicators. Additionally, this consistent growth in tax liability could indicate favorable market conditions for building property and expanding business ventures.
Cost of Living in Garland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,088 | $1,404 | $1,899 | $1,281 | $1,158 |
| 1 adult 4 children | $1,088 | $1,146 | $1,452 | $1,281 | $1,343 |
| 2 adults 3 children | $1,088 | $1,147 | $1,648 | $1,281 | $929 |
| 1 adult 3 children | $1,088 | $936 | $1,201 | $1,281 | $1,048 |
| 2 adults 2 children | $879 | $939 | $1,397 | $1,120 | $798 |
| 1 adult 2 children | $879 | $701 | $950 | $1,120 | $777 |
| 2 adults 1 child | $879 | $742 | $1,146 | $596 | $732 |
| 1 adult 1 child | $879 | $479 | $698 | $596 | $643 |
| 2 adults | $673 | $596 | $894 | $0 | $577 |
| 1 adult | $646 | $325 | $447 | $0 | $517 |
Safety trends & Data
Over the past five years in Garland County, Arkansas, property crime trends have shown notable fluctuations. Larceny-theft cases peaked in 2019 at 697 but have consistently decreased to 252 by 2022. Burglary incidents have also declined significantly from 73 in 2018 to 43 in 2022. Vandalism and motor vehicle thefts have remained relatively stable with minor variations. Arson saw a slight rise in 2021. These trends could suggest a gradual improvement in property safety, potentially making... Read more
Property Crime Trends in Garland County, AR Over the Last 5 Years
Over the past five years in Garland County, Arkansas, property crime trends have shown a notable fluctuation. Larceny-theft cases peaked in 2019 at 697 but have consistently decreased, dropping to 252 by 2022. Burglary incidents have also declined significantly from 73 in 2018 to 43 in 2022. Vandalism and motor vehicle thefts have remained relatively stable but with minor variations. Arson, though minimal in incidents, saw a small rise in 2021. For real estate agents, appraisers, and investors, these trends indicate a gradual improvement in property safety, potentially making the area more appealing for new residents and businesses.
Demographics
In Garland County, Arkansas, educational attainment shows nearly half the adult population having a high school diploma or some college experience, though college graduation rates are moderate. The age distribution indicates a significant number of middle-aged residents, particularly those aged 45 to 64, and a notably growing senior population. Gender balance is fairly even, though there are slightly more females than males. Racially, the county is predominantly White, with African American... Read more
Race Distribution in Garland County, Arkansas (2022)
Educational Attainment in Garland County, Arkansas (2022)
Age Distribution in Garland County, Arkansas
Citizen Population in Garland County, Arkansas (2022)
Political Trends & Data
Garland County in Arkansas leaned prominently toward the Republican party in the 2020 U.S. Presidential Election, with about 66% of votes cast for the GOP. Only roughly 32% of the vote went to the Democratic party, with minor parties capturing a minimal share. This strong conservative trend could influence local policies, shaping future election results and possibly affecting local real estate markets through community planning and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Garland County in Arkansas showed a marked preference for the Republican party during the 2020 U.S. Presidential Election, with approximately 66% of the vote. The Democratic party garnered around 32%, while all other parties, including Libertarian and Green, collectively captured only a small fraction of the vote. This distribution might suggest a strong conservative leaning in the county, potentially influencing local policies and election outcomes in similar patterns moving forward.
65.77% of voters voted for the Republican party in the 2020 Presidential Election
31.78% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
1.33% of voters voted for the Other party in the 2020 Presidential Election
School Data
Garland County, Arkansas boasts a stable student-to-teacher ratio, consistently hovering around the mid-14s over the past decade, with a peak at 15 in 2019. This is slightly above the national average of 14 and may appeal to prospective residents and investors by suggesting sustainable educational quality. For insurance agents and appraisers, this stability might indicate steady community growth without the need for large-scale infrastructure changes. Real estate agents can leverage this... Read more
Student-to-teacher ratio in Garland County, Arkansas over the last 10 years
Garland County, Arkansas has seen relatively stable student-to-teacher ratios over the past decade, hovering around the mid-14s. The ratio peaked at 15 students per teacher in 2019, slightly above the national average of 14, but consistently remained close to this benchmark. This stability in class sizes could be appealing for prospective residents and investors as it suggests sustainable educational quality. For insurance agents and appraisers, a steady student-to-teacher ratio might indicate stable community growth, not requiring large scale infrastructure changes. Real estate agents can also consider this a positive selling point when marketing properties to families concerned with educational environments.
