Greene County Real Estate and Livability Trends
Greene County, Arkansas, is seeing robust growth with its average taxable income per tax return rising from $47,141.37 in 2015 to $57,701.81 in 2021. Median home values have also climbed from $107,700 in 2015 to $157,400 in 2022, still below the state’s median but making it a cost-effective option. Real estate taxes nearly doubled over the past decade, hinting at rising property values or tax... Read more
Greene County Market Trends
Greene County, Arkansas, has seen its median home values rise from $107,700 in 2015 to $157,400 in 2022, slightly under Arkansas's 2022 median of $162,400 but notably lower than the national median of $179,400, making it an attractive option for cost-conscious buyers. The county’s real estate taxes have nearly doubled over the last decade, jumping significantly between 2017 and 2018, possibly... Read more
Median Value of Occupied Housing Units in Greene County, Arkansas Over the Last 8 Years
Greene County, Arkansas has seen its median home values rise steadily over the past eight years, skyrocketing from $107,700 in 2015 to $157,400 in 2022. Compared to Arkansas as a whole, Greene County has generally kept pace with the state’s growth, though Greene County started slightly lower and remains marginally below the state’s 2022 median of $162,400. Nationally, though housing values have increased across the board, Greene County remains significantly more affordable, as the national median hit $179,400 in 2022. This makes Greene County appealing for investors and homebuyers seeking lower entry costs while still capitalizing on rising property values.
Residential Energy Tax Credit Per Tax Return in Greene County, AR Over the Last 9 Years
Residential energy tax credits in Greene County, Arkansas have fluctuated notably over the past nine years. From a low of $294.44 in 2015, the average credit spiked dramatically to $2,500.00 in 2018 before normalizing to $800.00 in 2021. These swings suggest a reactive local trend to both external economic factors and perhaps evolving energy policies or incentives, making it crucial for investors and residents to stay informed about potential future shifts.
Average Real Estate Taxes Per Tax Return in Greene County, AR Over the Last 10 Years
Greene County, Arkansas has seen a noticeable upward trend in average real estate taxes per tax return over the last 10 years. Between 2012 and 2021, taxes nearly doubled, starting at approximately $1,165.88 and reaching about $2,373.08. The most significant increase occurred between 2017 and 2018, where taxes jumped from $1,409.09 to $2,196.15. Potential investors and property builders might view this hike as a cautionary signal, suggesting rising property valuations or possible changes in local tax policies. For residents and prospective movers, this could indicate increased financial commitments associated with home ownership in the county.
Percentage of Farm Returns in Greene County, AR Over the Last 10 Years
Over the last decade in Greene County, Arkansas, the percentage of farm tax returns has seen a gradual decline from about 3.74% in 2012 to around 2.82% in 2021. This trend might suggest a shift away from agriculture-based economies in the region, potentially driven by economic diversification or urbanization. For investors, builders, and those moving here, understanding this decline could be crucial for making informed decisions about property investments, market opportunities, or understanding the economic landscape of Greene County.
Number of Mortgages by Occupancy Type in Greene County, AR Over the Last 5 Years in Greene County
Over the past five years in Greene County, Arkansas, there has been a noticeable fluctuation in the number of mortgages for each occupancy type. Principal residences consistently dominate the market, a trend that highlights a strong demand for primary homes and suggests a stable local population with long-term living plans. Investment properties show relatively stable numbers, possibly indicating a steady interest from investors but perhaps tempered by economic conditions or market saturation. The marginal number of second residences suggests limited appeal or affordability for vacation homes in this region. These shifts in occupancy types can influence property values, insurance requirements, and investment strategies, providing critical insights for potential investors, real estate agents, and existing homeowners.
Economic Outlook
Greene County, Arkansas has experienced an upward trend in average taxable income per tax return, rising from $47,141.37 in 2015 to $57,701.81 in 2021. Concurrently, average state and local income taxes per tax return have more than doubled, hitting $12,589.47 in 2021. These shifts suggest either a rise in tax rates or increased local incomes. Moreover, the total tax liability per tax return jumped from $6,059.27 in 2012 to $8,155.11 in 2021, indicating growing economic prosperity. Such trends... Read more
Average Taxable Income per Tax Return in Greene County, AR over the last 9 years
Greene County, AR has seen a steady increase in average taxable income per tax return over the last nine years, with a notable jump from $47,141.37 in 2015 to $57,701.81 in 2021. This rise suggests a growing economic prosperity which could be attractive for investors or new residents considering this area for its promising financial growth.
Average State and Local Income Taxes Per Tax Return in Greene County, AR Over the Last 10 Years
Over the past decade, Greene County, AR has seen a dramatic increase in average state and local income taxes per tax return, with a significant jump from $6,372.48 in 2015 to $12,589.47 in 2021. This steep rise, particularly between 2017 and 2020, suggests either an increase in tax rates or a substantial rise in local incomes, making it crucial for potential movers and current residents to consider the evolving tax landscape in their financial planning.
Average Total Tax Liability Per Tax Return in Greene County, AR Over the Last 10 Years
The trend in Greene County, Arkansas, indicates a notable increase in average total tax liability per tax return over the past decade. From $6,059.27 in 2012 to $8,155.11 in 2021, this nearly 35% rise reflects the economic growth and potentially higher incomes in the area. This trend can signal a robust local economy, making Greene County an attractive option for investors and new residents considering the potential for property value appreciation and a stable economic environment.
Cost of Living in Greene County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,055 | $1,275 | $1,862 | $966 | $1,001 |
| 1 adult 4 children | $1,055 | $1,041 | $1,425 | $966 | $1,174 |
| 2 adults 3 children | $1,055 | $1,041 | $1,616 | $966 | $813 |
| 1 adult 3 children | $1,055 | $850 | $1,178 | $966 | $859 |
| 2 adults 2 children | $742 | $853 | $1,369 | $839 | $664 |
| 1 adult 2 children | $742 | $637 | $931 | $839 | $613 |
| 2 adults 1 child | $742 | $674 | $1,122 | $426 | $636 |
| 1 adult 1 child | $742 | $435 | $684 | $426 | $553 |
| 2 adults | $646 | $541 | $875 | $0 | $547 |
| 1 adult | $556 | $295 | $438 | $0 | $492 |
Safety trends & Data
Property crime in Greene County, Arkansas has notably decreased over the past five years. Burglary arrests dropped from 85.00 in 2018 to 57.00 in 2022, while larceny-theft saw a reduction from 399.00 in 2018 to 251.00 in 2022. Motor vehicle theft remains low at 6.00 in 2022, despite minor fluctuations. Vandalism peaked in 2019 with 386.00 incidents but significantly fell to 26.00 by 2022. This overall downward trend suggests a safer environment, potentially leading to higher property values for... Read more
Property Crime Trends in Greene County, AR Over the Last 5 Years
Property crime in Greene County, Arkansas has shown a notable decline over the past five years. Burglary arrests dropped from 85.0 in 2018 to 57.0 in 2022, while larceny-theft saw a significant decrease from 399.0 in 2018 to 251.0 in 2022. Despite occasional fluctuations, motor vehicle theft remains relatively low, dipping to 6.0 in 2022. Vandalism, although experiencing a peak in 2019 with 386.0 incidents, ended 2022 at 26.0. For those looking to invest, move, or build property in this county, the overall downward trend in property crime could suggest a safer environment and potentially higher property values over time.
Demographics
Greene County, Arkansas, exhibits a balanced gender distribution, with a slight female majority. Educational attainment seems to lean heavily toward high school graduates and individuals with some college experience but no degree. The largest age group resides in the 25 to 34-year range, and those over 75 make up a smaller segment. A dominant white population marks the racial demographic, with minimal representation from other races. This data may imply a stable workforce and potential gaps in... Read more
Race Distribution in Greene County, Arkansas (2022)
Educational Attainment in Greene County, Arkansas (2022)
Age Distribution in Greene County, Arkansas
Citizen Population in Greene County, Arkansas (2022)
Political Trends & Data
Greene County, Arkansas, saw a distinct conservative preference in the 2020 U.S. Presidential Election, with Republicans capturing nearly 79% of the vote. With the Democratic party trailing at just under 19%, this sharp contrast might imply a strong and possibly growing conservative base in the area. Minor parties such as the Libertarian and Green made minimal headway, suggesting they had little voter engagement or notable campaign presence... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Greene County, Arkansas, exhibited a strong inclination towards the Republican party in the 2020 U.S. Presidential Election, with nearly 79% of the vote. This significant lead potentially suggests a dominant conservative presence in the region. The Democratic party lagged with just under 19%, indicating a considerable disparity between the two major parties. Other parties like the Libertarian and Green made negligible impacts, suggesting limited voter interest or outreach.
78.70% of voters voted for the Republican party in the 2020 Presidential Election
18.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.17% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
0.94% of voters voted for the Other party in the 2020 Presidential Election
School Data
Greene County, Arkansas has seen its student-to-teacher ratio drop from 14.83 in 2014 to 13.41 in 2023, signaling smaller class sizes and potentially better educational outcomes. This trend might point to enhanced student engagement and individual attention, making the area attractive for families focused on education. Investors and real estate agents may view this as a sign of improving educational facilities, possibly leading to higher property... Read more
Student-to-teacher ratio in Greene County, Arkansas over the last 10 years
Over the past decade, Greene County, Arkansas has seen a gradual decline in its student-to-teacher ratio, moving from 14.83 in 2014 to 13.41 in 2023. This slight reduction might indicate smaller class sizes, which could suggest enhanced student engagement and individual attention. For potential investors, this trend may suggest improving educational facilities and potentially higher property values. Real estate agents might find this appealing for families prioritizing education. Furthermore, insurance agents could consider this as a factor for risk assessments in school environments. As the national average is approximately 14 students per teacher, Greene County's slightly lower ratios imply a potential competitive advantage in terms of educational quality.
