Lee County Real Estate and Livability Trends
Lee County, Arkansas, has shown notable fluctuations in average taxable income, peaking at $45,764.47 in 2021, while state and local taxes have increased to $12,550.00, affecting cost of living. Median home values have risen from $59,500 in 2015 to $80,600 in 2022, appealing to first-time buyers but suggesting slower appreciation potential. Growing investments in energy-efficient home... Read more
Lee County Market Trends
Median home values in Lee County, Arkansas, have seen a gradual rise from $59,500 in 2015 to $80,600 in 2022, still lagging behind state and national averages. The relatively low home values may be appealing for first-time buyers or investors, but buyers should consider the potential for slower appreciation. Significant growth in residential energy tax credits, from $325.00 in 2013 to $1616.67 in... Read more
Median Value of Occupied Housing Units in Lee County, Arkansas Over the Last 8 Years
Median home values in Lee County, Arkansas, have gradually increased from $59,500 in 2015 to $80,600 in 2022. This consistent upward trend, though steady, remains significantly below the state average of $162,400 and the national average of $179,400 as of 2022. Lee County's affordability might make it appealing for first-time homebuyers or investors seeking lower entry costs, although prospective buyers may also want to weigh the potential for slower appreciation against typically higher gains seen nationally and across Arkansas.
Residential Energy Tax Credit Per Tax Return in Lee County, AR Over the Last 9 Years
Lee County, Arkansas has seen a notable increase in the average residential energy tax credit per tax return over the past nine years, starting at $325.00 in 2013 and reaching $1616.67 in 2021. This upward trend indicates growing investments in energy-efficient home improvements, offering both cost savings and environmental benefits. Prospective homeowners and investors should take note of these incentives, as they enhance property value and reduce long-term utility expenses.
Average Real Estate Taxes Per Tax Return in Lee County, AR Over the Last 10 Years
Over the last decade, Lee County, Arkansas, has experienced fluctuating yet generally increasing real estate taxes per tax return. The notable rise from $808.00 in 2012 to a peak of $1,500.00 in 2021 reflects a trend that could impact both current residents and potential investors. Property investors and builders might find the upward trend in property taxes indicative of rising property values or increased county assessments, suggesting potential for capital gains. However, this could also mean higher costs for residents, which might influence decisions related to property investments or relocating to Lee County.
Percentage of Farm Returns in Lee County, AR Over the Last 10 Years
Lee County, Arkansas has seen a varying yet steadily declining trend in the percentage of farm tax returns over the last decade, with a drop from about 4.40% in 2012 to approximately 3.28% in 2021. Farm tax returns represent the tax filings specifically from agricultural activities, reflecting the economic health and demographic trends of the farming sector within the county. These trends could suggest shifts in local economic structures, changes in farm profitability, or evolving land use patterns. For those considering investments, relocating, or developing property in Lee County, these figures may indicate a gradual move away from agriculture-centric economic activities, potentially impacting land value and community character.
Number of Mortgages by Occupancy Type in Lee County, AR Over the Last 5 Years in Lee County
Lee County, Arkansas has seen fluctuations in mortgage activity, particularly with a noticeable consistency in principal residence mortgages ranging from 94 to 122 yearly. Investment properties maintain a steady presence, though typically lower than primary residences, indicating a strong local owner-occupancy trend. Second residence mortgages show minimal activity, suggesting fewer vacation homes or secondary properties. These shifts matter for investors in identifying stability, for real estate agents in understanding buyer motivations, and for appraisers and insurance agents in assessing property risk and value. For builders, it signals potential focus areas for development to align with primary residential demand.
Economic Outlook
Lee County, Arkansas has shown significant fluctuations in its average taxable income per tax return over the past nine years, peaking at $45,764.47 in 2021 after hitting a low of $38,512.58 in 2020. State and local income taxes per tax return have also increased, reaching $12,550.00 in 2021, which could impact cost of living. Additionally, the average total tax liability has decreased, falling to about $6,765.17 in 2021 from $8,179.13 in 2012, potentially making the area more attractive for... Read more
Average Taxable Income per Tax Return in Lee County, AR over the last 9 years
Over the past nine years, Lee County, AR has experienced notable fluctuations in average taxable income per tax return. From a high of $42,300.00 in 2013, it dipped to a low of $38,512.58 in 2020 before rebounding significantly to $45,764.47 in 2021. These shifts signal economic volatility but also potential for strong recovery, making it a spot to watch for savvy investors and prospective homeowners.
Average State and Local Income Taxes Per Tax Return in Lee County, AR Over the Last 10 Years
Over the past decade, Lee County, AR has seen significant fluctuations in average state and local income taxes per tax return. Starting at $8,624.39 in 2012, taxes peaked in 2021 at $12,550.00, highlighting a notable upward trend particularly in the last two years. Such variability can impact financial planning and cost of living, making it a critical consideration for current and prospective residents.
Average Total Tax Liability Per Tax Return in Lee County, AR Over the Last 10 Years
Over the last decade in Lee County, Arkansas, the average total tax liability per tax return has shown a notable decline, dropping from around $8,179.13 in 2012 to approximately $6,765.17 in 2021. This downward trend suggests either changes in income levels or adjustments in tax policies impacting tax liabilities. For prospective investors or those planning to build property, this reduction in tax liability could translate into a lower cost of living and potential savings. For residents and those considering a move to Lee County, this financial trend might appeal as a sign of a more favorable tax environment.
Cost of Living in Lee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,023 | $1,227 | $1,862 | $966 | $952 |
| 1 adult 4 children | $1,023 | $1,002 | $1,425 | $966 | $1,087 |
| 2 adults 3 children | $1,023 | $1,002 | $1,616 | $966 | $757 |
| 1 adult 3 children | $1,023 | $818 | $1,178 | $966 | $814 |
| 2 adults 2 children | $720 | $820 | $1,369 | $839 | $635 |
| 1 adult 2 children | $720 | $613 | $931 | $839 | $585 |
| 2 adults 1 child | $720 | $648 | $1,122 | $426 | $608 |
| 1 adult 1 child | $720 | $419 | $684 | $426 | $528 |
| 2 adults | $547 | $521 | $875 | $0 | $500 |
| 1 adult | $539 | $284 | $438 | $0 | $474 |
Safety trends & Data
Over the past five years in Lee County, Arkansas, there's been a consistent drop in burglary incidents, from 12.00 in 2018 to 5.00 in 2022, while larceny-theft cases have remained relatively steady, ranging between 13.00 to 19.00 annually. Vandalism incidents have also generally decreased, from 13.00 in 2018 to 10.00 in 2022. The appearance of new crime categories like forgery and counterfeiting in 2021 points to an evolving crime landscape, which could affect property values and insurance... Read more
Property Crime Trends in Lee County, AR Over the Last 5 Years
Over the past five years in Lee County, Arkansas, property crimes such as burglary, larceny-theft, and vandalism have shown both fluctuating and notable trends. Burglary incidents have seen a consistent decline, dropping from 12.0 in 2018 to just 5.0 in 2022. Larceny-theft has remained relatively stable with slight variations, hovering around 13.0 to 19.0 cases annually. Vandalism cases also show some fluctuations but generally decrease, from 13.0 in 2018 to 10.0 in 2022. The appearance of new crime categories like forgery and counterfeiting in 2021 suggests an evolving crime landscape. These dynamics matter for investors, homeowners, and real estate professionals as they signal changing safety and security conditions in the area, impacting property values and insurance rates.
Demographics
Lee County, Arkansas, shows a noticeable gender imbalance with a higher male adult population compared to females. The educational attainment data points to a majority population high school graduates, though there is a relatively small segment with higher education degrees. Interestingly, the age distribution suggests a relatively even spread across different age groups, with a peak in the 35 to 44 year range. The racial demographics reveal a significant African American majority, followed by... Read more
Race Distribution in Lee County, Arkansas (2022)
Educational Attainment in Lee County, Arkansas (2022)
Age Distribution in Lee County, Arkansas
Citizen Population in Lee County, Arkansas (2022)
Political Trends & Data
In Lee County, Arkansas, Democrats might have had a slight edge over Republicans in the 2020 U.S. Presidential Election, suggesting a modestly competitive political environment. Minor parties like the Libertarian and Green Parties appeared to have a minimal impact, but "Other" candidates collectively secured a small yet notable share of the vote. This could indicate that, while predominantly bipartisan, there remains a small group of voters who are open to alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lee County, Arkansas, Democrats may have had a slight edge over Republicans in the 2020 U.S. Presidential Election, potentially reflecting a modestly competitive political landscape. Minor parties like the Libertarian and Green Parties seemed to have minimal influence, with "Other" candidates collectively capturing a small, yet noticeable, fraction of the vote. This distribution possibly signals an electorate that, while predominantly bipartisan, retains a small contingent of voters open to alternative political options.
45.15% of voters voted for the Republican party in the 2020 Presidential Election
49.96% of voters voted for the Democrat party in the 2020 Presidential Election
0.28% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
4.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Lee County, Arkansas has experienced fluctuations over the past decade, starting at around eleven in 2014, dipping to ten in 2015, and peaking at fifteen in 2019. As of 2023, the ratio sits close to thirteen, aligning with the national average. For those eyeing investments or relocations, this metric could be a game changer. A lower ratio suggests more one-on-one attention in classrooms, potentially making the area more appealing to families. This could also... Read more
Student-to-teacher ratio in Lee County, Arkansas over the last 10 years
The student-to-teacher ratio in Lee County, Arkansas has shown varying trends over the past decade. Starting at around eleven in 2014, ratios dipped to as low as ten in 2015 but peaked at fifteen in 2019. While recent years have seen a gradual decline, the ratio still hovers close to thirteen in 2023, aligning fairly closely with the national average of fourteen students per teacher. For those considering investments, relocations, or property developments in the area, understanding these ratios could be crucial. A lower student-to-teacher ratio might indicate more personalized attention in classrooms, potentially making the locality more attractive to families. This factor might also influence appraisals and insurance policies, as well as inform the demand for educational infrastructure in the region.
