Howard County Real Estate and Livability Trends
Howard County, Arkansas has seen a sharp rise in median home values from $83,900 in 2015 to $125,300 in 2022, hinting at economic vitality even though it trails state and national medians. Higher taxable incomes and increased real estate taxes point to both economic growth and greater fiscal demands, potentially influencing relocation strategies. Noteworthy energy tax credits peaking at $2,200.00... Read more
Howard County Market Trends
In Howard County, Arkansas, median home values have climbed from $83,900 in 2015 to $125,300 in 2022, a promising upward trend despite still lagging behind state and national medians. The average residential energy tax credit has fluctuated significantly, peaking at $2,200.00 in 2021, indicating a rising interest in energy-efficient initiatives. Real estate tax averages have increased, from... Read more
Median Value of Occupied Housing Units in Howard County, Arkansas Over the Last 8 Years
In Howard County, Arkansas, median home values have shown an upward trend over the past eight years, rising from $83,900 in 2015 to $125,300 in 2022. This growth, while impressive, is still below the state median home value of $162,400 in 2022 and significantly lower than the national median of $179,400 in the same year. For investors and prospective homeowners, this indicates a potentially appealing market with lower entry costs compared to broader regional and national averages, pointing to opportunities for value appreciation and affordability.
Residential Energy Tax Credit Per Tax Return in Howard County, AR Over the Last 6 Years
Over the last six years, the average residential energy tax credit per tax return in Howard County, Arkansas has seen significant fluctuations. Starting at $280.00 in 2013, the credit dipped slightly in 2014, but then surged to $400.00 in 2015. This upward trend continued with some variability, peaking remarkably at $2,200.00 in 2021. These changes indicate a growing interest in energy efficiency initiatives, making Howard County an attractive location for eco-conscious investors and residents prioritizing sustainable living.
Average Real Estate Taxes Per Tax Return in Howard County, AR Over the Last 10 Years
Howard County, Arkansas, has seen a noticeable increase in average real estate taxes per tax return over the past decade, hitting a low of $903.28 in 2012 and peaking at $1,500.00 in 2020. This upward trend, particularly the substantial leap between 2017 and 2018 to $1,346.15, suggests a growing valuation in the region's property market. Such data may be essential for potential investors, indicating a likely growth in property value and a corresponding increase in tax obligations. It could be a signal of economic development that might appeal to individuals considering moving to or investing in Howard County.
Percentage of Farm Returns in Howard County, AR Over the Last 10 Years
The percentage of farm tax returns in Howard County, Arkansas, has remained relatively stable over the past decade, fluctuating between 9.05% and 10.09%. This trend suggests a consistent agricultural presence in the county, which might be of interest to those considering investments in local farming or property development. For individuals or entities looking to engage with the agricultural sector in Howard County, it can be useful to understand that the region has maintained a steady level of farm income filings, reflective of the county’s agricultural productivity and potential resilience. Farm tax returns are essentially tax documents filed by farmers that detail their income and expenses. These returns provide insight into the economic health of the farming community in Howard County and offer a glimpse into the stability and possibly the profitability of agricultural operations in the area. Knowing this can be particularly valuable for investors and residents who may benefit from or contribute to the local agricultural economy.
Number of Mortgages by Occupancy Type in Howard County, AR Over the Last 5 Years in Howard County
In Howard County, Arkansas, principal residences have dominated new mortgages over the past five years, seeing numbers fluctuate from 325 to 469 per year. Investment property mortgages have shown a slight downward trend, ranging from 34 to 55 annually. Second residences remain negligible, with no more than 10 per year. These shifts are crucial; investors may find the stable yet declining investment property interest noteworthy, while those moving might see a steady demand for primary homes. For appraisers and insurance agents, the rising count of principal residences hints at stable long-term settlements, affecting property values and risk assessments. Real estate agents could target marketing towards primary homeowners rather than investors.
Economic Outlook
Howard County, Arkansas has experienced a remarkable rise in average taxable income per tax return, climbing from $36,761.19 in 2013 to $50,149.53 in 2021. This points to a robust economic growth and an attractive environment for investment. Concurrently, state and local income taxes have also increased from $4,944.93 in 2012 to $8,092.31 in 2021. This suggests higher fiscal demands which may influence relocation decisions and underscores the importance of financial planning for prospective and... Read more
Average Taxable Income per Tax Return in Howard County, AR over the last 9 years
Howard County, AR has seen a consistent rise in average taxable income per tax return over the last nine years, from $36,761.19 in 2013 to a notable jump to $50,149.53 in 2021. This steady increase highlights a robust economic growth, suggesting a promising environment for investment and property development. The data points to higher earning potential for residents and an attractive proposition for those considering moving to the area or starting a business.
Average State and Local Income Taxes Per Tax Return in Howard County, AR Over the Last 10 Years
Over the past decade, Howard County, AR has seen a notable rise in average state and local income taxes per tax return. Starting at $4944.93 in 2012, the amount has climbed steadily to $8092.31 by 2021, with a marked spike in 2018 reaching $7900.00. This upward trend reflects increased fiscal demands on residents, potentially influencing decisions on relocations and highlighting the need for financial planning among current and prospective residents.
Average Total Tax Liability Per Tax Return in Howard County, AR Over the Last 10 Years
Over the last decade, Howard County, Arkansas has seen a notable rise in the average total tax liability per tax return, spiking from $4,688.86 in 2012 to $6,782.32 in 2021. This upward trend reflects a robust local economy and potentially increasing income levels, indicative of growth opportunities for investors and new residents. However, the tax burden's steady increase also suggests the importance of financial planning for those considering moving to or investing in the area.
Cost of Living in Howard County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $882 | $1,283 | $1,862 | $966 | $923 |
| 1 adult 4 children | $882 | $1,048 | $1,425 | $966 | $1,038 |
| 2 adults 3 children | $882 | $1,048 | $1,616 | $966 | $731 |
| 1 adult 3 children | $882 | $856 | $1,178 | $966 | $777 |
| 2 adults 2 children | $720 | $858 | $1,369 | $839 | $659 |
| 1 adult 2 children | $720 | $641 | $931 | $839 | $610 |
| 2 adults 1 child | $720 | $678 | $1,122 | $426 | $632 |
| 1 adult 1 child | $720 | $438 | $684 | $426 | $552 |
| 2 adults | $563 | $545 | $875 | $0 | $526 |
| 1 adult | $489 | $297 | $438 | $0 | $482 |
Safety trends & Data
Property crime trends in Howard County, Arkansas have seen variability over the last five years, with burglary incidents ranging from 3.0 to 9.0 annually and larceny-theft fluctuating between 33.0 and 73.0. Notably, vandalism surged in 2020 with 24 cases but later declined. This data could be crucial for investors, real estate agents, and insurance professionals when assessing risk and market conditions in the... Read more
Property Crime Trends in Howard County, AR Over the Last 5 Years
Property crime trends in Howard County, Arkansas over the last five years reflect variability, with certain crimes like burglary and larceny-theft showing peaks and troughs. Burglary incidents varied between 3.0 and 9.0 annually, while larceny-theft ranged from 33.0 to 73.0. Vandalism surged in 2020 with 24 cases, but later declined. These fluctuations may offer insights for investors, real estate agents, and insurance professionals assessing risk and market conditions in the area.
Demographics
Howard County, Arkansas, shows a slight gender disparity with a higher proportion of females compared to males. Educational attainment varies widely, with a substantial percentage having a high school diploma or some college education, yet a low percentage with graduate or professional degrees. Age distribution reveals a relatively balanced spread across different age groups but leans slightly towards an older population, particularly those over 35. Racially, the area is predominantly White,... Read more
Race Distribution in Howard County, Arkansas (2022)
Educational Attainment in Howard County, Arkansas (2022)
Age Distribution in Howard County, Arkansas
Citizen Population in Howard County, Arkansas (2022)
Political Trends & Data
Howard County in Arkansas appears to lean heavily Republican, as almost 70% of the votes in the 2020 U.S. Presidential Election favored the GOP. Democrats seem to have less influence, with just more than 27% of the votes. Minor parties, like the Libertarians and Green Party, have minimal traction, capturing approximately 0.5% and even less of the votes, respectively. There's a small yet notable percentage of votes for other parties, indicating some degree of diversification in political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Howard County in Arkansas may lean heavily Republican based on the 2020 U.S. Presidential Election data, with nearly 70% favoring the GOP. Alternatively, Democrats seem to hold less sway, garnering just over 27% of the votes. Minor parties have a minimal impact, with Libertarians capturing only around 0.5% and the Green Party even less. It's interesting to note that a small percentage of votes went to other parties, suggesting slight diversification in political preferences.
69.65% of voters voted for the Republican party in the 2020 Presidential Election
27.72% of voters voted for the Democrat party in the 2020 Presidential Election
0.56% 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
1.84% of voters voted for the Other party in the 2020 Presidential Election
School Data
Howard County, Arkansas has consistently maintained a lower student-to-teacher ratio compared to the national average over the past decade, typically ranging from 9 to 11 students per teacher. This could be particularly appealing for families valuing individualized instruction and attention, as well as for educators seeking a more engaged work environment. Real estate professionals might highlight this trend as a key selling point, while appraisers and investors may view it as an indicator of... Read more
Student-to-teacher ratio in Howard County, Arkansas over the last 10 years
Howard County, Arkansas has consistently maintained a lower student-to-teacher ratio compared to the national average over the past decade. Hovering around 9 to 11 students per teacher, the trend shows a significant advantage for those prioritizing individualized instruction and attention in the classroom setting. This relatively low student-to-teacher ratio could be particularly appealing for families deciding where to move, as well as for educators seeking a work environment where they can engage more deeply with each student. Real estate professionals might note this trend as a selling point, while appraisers and investors might see it as a sign of stable or potentially increasing demand for housing in an area known for its educational quality.
