Izard County Real Estate and Livability Trends
Izard County, Arkansas has seen average taxable income soar from $37,824.03 in 2013 to $48,324.46 in 2021, reflecting economic growth that could elevate property values and attract new residents. Median home values climbed from $78,000 in 2015 to $110,600 in 2022, still below state and national figures, potentially appealing to investors. Residential energy tax credits spiked in 2021, suggesting... Read more
Izard County Market Trends
Izard County, Arkansas has experienced a notable climb in median home values, from $78,000 in 2015 to $110,600 in 2022. This remains lower compared to the state’s $162,400 and the national median of $179,400, making it a potentially attractive market for investors. Residential energy tax credits spiked in 2021, hinting at a growing trend towards energy-efficient upgrades. Real estate taxes... Read more
Median Value of Occupied Housing Units in Izard County, Arkansas Over the Last 8 Years
Izard County, Arkansas has seen a steady increase in median home values over the past eight years, climbing from $78,000 in 2015 to $110,600 in 2022. This local growth, although marked, is still considerably lower when compared to the statewide value of $162,400 and the national median of $179,400 in 2022. Prospective investors and new residents may find this affordability appealing, especially when considering a significant leap between 2021 and 2022. For those involved in the real estate market, Izard County offers a more accessible entry point while still experiencing positive appreciation trends.
Residential Energy Tax Credit Per Tax Return in Izard County, AR Over the Last 8 Years
Residential energy tax credits in Izard County, Arkansas have shown considerable fluctuations over the past eight years, with a noticeable spike in 2021 reaching an average of $1,060.00 per tax return. The increase in credits over recent years could point to a growing investment in energy-efficient upgrades by residents, signaling a community shift towards sustainability. This trend could be appealing for potential investors and homebuyers who are mindful of long-term savings and environmental impact.
Average Real Estate Taxes Per Tax Return in Izard County, AR Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Izard County, Arkansas have shown a noticeable upward trend. Starting at $1,229.17 in 2012, there was a significant jump to $2,530.00 by 2020, reflecting an increase that potential investors and property buyers should be aware of. The spike in 2018 to $2,023.08 particularly stands out, suggesting possible economic or administrative changes during this period. This gradual rise may indicate a growing economic investment in the region, but it could also mean higher long-term costs for property ownership. Consider this if you're looking to build, invest, or move to Izard County.
Percentage of Farm Returns in Izard County, AR Over the Last 10 Years
Izard County, Arkansas has seen fluctuating farm tax returns over the past decade, with a noticeable peak around 2018 at 14.20%. The percentage of farm returns dipped to around 11.35% in 2020 before slightly recovering to approximately 12.42% in 2021. Farm tax returns, essentially, indicate the portion of income derived from farm-related activities that are reported for tax purposes, reflecting the economic vitality of the agricultural sector. Potential investors, property developers, and residents should note these trends as they hint at the county's agricultural stability and the potential for growth or challenges within this sector.
Number of Mortgages by Occupancy Type in Izard County, AR Over the Last 5 Years in Izard County
Over the last five years in Izard County, Arkansas, mortgage counts have generally been higher for principal residences compared to investment and second residences. Notable fluctuations include a peak in principal residence mortgages in 2021, followed by a noticeable drop in 2022. Conversely, investment property mortgages have shown a more gradual increase over the same period. These shifts in occupancy type can give crucial insights into the county's housing market dynamics. For investors, a growing interest in investment properties might indicate favorable conditions for rental markets. For potential residents, the high count of principal residence mortgages might suggest a stable local economy and community growth. Real estate agents and appraisers could use these trends to gauge demand and property value projections, while insurance agents might adjust risk assessments based on the prevalent property types.
Economic Outlook
Average taxable income in Izard County, Arkansas has jumped from $37,824.03 in 2013 to $48,324.46 in 2021, underscoring significant economic growth. This rise, especially the surge between 2020 and 2021, suggests increasing property values that could attract investors and new residents. Meanwhile, fluctuations in local and state income taxes, peaking at $9,040.00 in 2019, reflect changing fiscal demands that potential residents should consider. Overall, the upward trend in total tax liability... Read more
Average Taxable Income per Tax Return in Izard County, AR over the last 9 years
Average taxable income per tax return in Izard County, AR has seen a notable increase over the last nine years, rising from $37,824.03 in 2013 to $48,324.46 in 2021. The upward trend, particularly the sharp jump between 2020 and 2021, reflects economic growth and potential for increased property values, which can attract investors and new residents. This growth trajectory offers promising opportunities for both real estate development and local businesses.
Average State and Local Income Taxes Per Tax Return in Izard County, AR Over the Last 10 Years
Over the last decade, Izard County, AR has experienced significant fluctuations in average state and local income taxes per tax return, with notable increases peaking at $9,040.00 in 2019 and a slight dip in 2020 to $7,670.00 before rising again. Potential residents should consider these increasing tax obligations when planning their financial future in the county.
Average Total Tax Liability Per Tax Return in Izard County, AR Over the Last 10 Years
Izard County, Arkansas has seen a notable upward trend in total tax liability per tax return over the past decade, reaching $6,206.33 in 2021. Periodic fluctuations are evident, but the overall increase highlights a growing fiscal responsibility, possibly reflecting higher incomes or adjusted tax policies. Investors and homebuilders might view this as a sign of economic growth and stability, indicating a potentially promising market for real estate and business ventures.
Cost of Living in Izard County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $929 | $1,424 | $1,862 | $966 | $1,025 |
| 1 adult 4 children | $929 | $1,163 | $1,425 | $966 | $1,160 |
| 2 adults 3 children | $929 | $1,163 | $1,616 | $966 | $801 |
| 1 adult 3 children | $929 | $949 | $1,178 | $966 | $861 |
| 2 adults 2 children | $720 | $952 | $1,369 | $839 | $701 |
| 1 adult 2 children | $720 | $711 | $931 | $839 | $652 |
| 2 adults 1 child | $720 | $752 | $1,122 | $426 | $664 |
| 1 adult 1 child | $720 | $486 | $684 | $426 | $574 |
| 2 adults | $585 | $604 | $875 | $0 | $577 |
| 1 adult | $539 | $330 | $438 | $0 | $511 |
Safety trends & Data
Izard County, Arkansas has seen a notable drop in property crimes over the past four years. Larceny-theft fell from 9.0 incidents in 2018 to just 1.0 by 2021, while burglary has also shown improvement, despite a peak of 6.0 incidents in 2020. These trends in reduced vandalism and stolen property incidents suggest an increasingly safer community, which could positively influence property values and investor... Read more
Property Crime Trends in Izard County, AR Over the Last 4 Years
Izard County, Arkansas has experienced a noticeable decline in property crimes over the past four years. Larceny-theft, initially at 9.0 incidents in 2018, dropped sharply to just 1.0 incident by 2021. Burglary varied slightly, peaking at 6.0 in 2020 but reducing compared to earlier years. Vandalism and incidents of stolen property have also seen downward trends. Prospective investors, movers, and real estate professionals may find these developments indicate a gradually strengthening community safety profile, potentially boosting property values and investment confidence.
Demographics
Izard County, Arkansas exhibits a notable gender disparity with approximately 54% male and 46% female adults. Education levels suggest a significant portion of the population, around 40%, having at most a high school diploma. Age distribution shows a larger elderly population, with about 28% being 55 years or older, potentially impacting local healthcare and social services. The racial makeup is predominantly White at nearly 95%, with very small minority groups. This demographic information,... Read more
Race Distribution in Izard County, Arkansas (2022)
Educational Attainment in Izard County, Arkansas (2022)
Age Distribution in Izard County, Arkansas
Citizen Population in Izard County, Arkansas (2022)
Political Trends & Data
Izard County, Arkansas, leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 80% of the vote favoring the GOP. The Democratic party captured around 17.6%, and minor parties, like the Libertarians, saw minimal traction. This conservative tilt could impact local policy and development, although the presence of votes for minor parties hints at some political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Izard County, Arkansas, showcased a strong preference for the Republican party during the 2020 U.S. Presidential Election, with nearly 80% of the vote. The Democratic party garnered a modest 17.6%, while minor parties, including the Libertarian party, received minimal support. This trend may suggest a predominantly conservative leaning within the county, although the presence of votes for "Other" categories indicates some diversity in political preferences.
79.71% of voters voted for the Republican party in the 2020 Presidential Election
17.57% of voters voted for the Democrat party in the 2020 Presidential Election
0.95% of voters voted for the Livertarian party in the 2020 Presidential Election
0.07% of voters voted for the Green party in the 2020 Presidential Election
1.70% of voters voted for the Other party in the 2020 Presidential Election
School Data
Izard County, Arkansas, has seen its student-to-teacher ratio improve from 11 in 2014 to around 10 in 2023, significantly better than the national average of 14. This trend is likely appealing for families prioritizing education quality, as smaller class sizes can mean more individualized student attention. Real estate agents and investors might leverage this data to attract buyers interested in strong educational environments, while insurance agents could factor in lower occupancy and... Read more
Student-to-teacher ratio in Izard County, Arkansas over the last 10 years
Izard County, Arkansas, has experienced a gradual decrease in its student-to-teacher ratio over the past decade, moving from 11 in 2014 to approximately 10 in 2023. This is notably below the national average of 14 students per teacher, indicating possibly smaller class sizes. Such a trend could be appealing for families prioritizing education quality, as smaller ratios might suggest more individualized attention for students. For real estate agents, appraisers, and build property interests, these figures might serve as a talking point for attracting potential buyers or investors looking for communities with potentially better learning environments. Insurance agents might also consider the implications of lower occupancy and community investment in schools when assessing property risks and premiums.
