Logan County Real Estate and Livability Trends
Logan County, Arkansas has seen its median home values climb from $83,200 in 2015 to $121,600 in 2022, offering a mix of affordability and value appreciation. Steady increases in average taxable income per tax return and a notable rise in average residential energy tax credits suggest growing local affluence and investments in energy efficiency, which could further elevate property values.... Read more
Logan County Market Trends
Logan County, Arkansas has seen its median home values rise from $83,200 in 2015 to $121,600 in 2022, making the area increasingly attractive due to its affordability compared to state and national levels. A peak in average residential energy tax credits to $2,044.44 in 2021 suggests a growing local investment in energy-efficient home improvements, potentially leading to higher property values.... Read more
Median Value of Occupied Housing Units in Logan County, Arkansas Over the Last 8 Years
The median home values in Logan County, Arkansas, have appreciated significantly over the past eight years, climbing from $83,200 in 2015 to $121,600 in 2022. This growth trajectory, while impressive locally, still falls below the state median, which increased from $111,400 to $162,400 over the same period. On a national scale, Logan County's median home values remain more affordable compared to the national median that surged from $125,500 to $179,400. This lower entry point, combined with consistent annual growth, could catch the eye of potential investors or new residents seeking value and upward potential in a quieter part of Arkansas.
Residential Energy Tax Credit Per Tax Return in Logan County, AR Over the Last 8 Years
Over the last eight years, Logan County, Arkansas has seen significant fluctuations in the average residential energy tax credit per tax return, peaking at $2,044.44 in 2021 after a notable rise from $300.00 in 2019. This uptick signals a growing investment in energy-efficient home improvements among residents, making it an attractive area for green energy solutions and potentially higher property values. Such trends could be particularly compelling for investors, builders, and those considering relocation, as they highlight a community increasingly focused on sustainability.
Average Real Estate Taxes Per Tax Return in Logan County, AR Over the Last 10 Years
Over the past decade, Logan County, Arkansas has seen a notable increase in average real estate taxes per tax return. From $912.75 in 2012 to reaching a peak of $1,786.67 in 2020, followed by a slight dip to $1,518.75 in 2021, these fluctuations suggest a possibly volatile but generally rising trend. For potential investors and current residents, these figures may indicate shifts in property values, local government funding needs, or broader economic factors. Understanding these trends can be crucial for making informed decisions related to property investment and financial planning in the area.
Percentage of Farm Returns in Logan County, AR Over the Last 10 Years
Over the last decade, Logan County, Arkansas has shown a relatively stable percentage of farm tax returns, fluctuating subtly between 9.57% and 10.28%. Farm tax returns, which reflect the economic activity from agricultural operations that taxpayers report to the IRS, provide a glimpse into the agricultural sector's health and stability. The data might suggest a consistent presence of agricultural activity, possibly avoiding significant downturns despite external economic pressures. For prospective investors or individuals looking to build property, this steady trend in farm tax returns could suggest a resilient agricultural community, potentially translating into stable land values and a dependable local market.
Number of Mortgages by Occupancy Type in Logan County, AR Over the Last 5 Years in Logan County
Mortgages for principal residences dominate the market in Logan County, Arkansas, consistently outperforming both second residences and investment properties. However, there’s a noticeable year-to-year fluctuation in investment property mortgages, which could signal shifts in economic confidence or changes in the local investment climate. This trend is crucial for potential investors and builders, as it might indicate fluctuations in rental demand and property values. Moreover, real estate agents and insurance agents should note the steady, albeit smaller, changes in the second residence segment, as it can affect insurance policies and market advising strategies. Normalizing this data gives a clearer snapshot of the county's housing market dynamics over the last five years.
Economic Outlook
Over the past nine years, Logan County, Arkansas has experienced a steady increase in average taxable income per tax return, climbing from $39,948.88 in 2013 to $46,974.54 in 2021. This growing affluence makes the area appealing for investors and potential residents. Additionally, average state and local income taxes have also risen, from $4,840.37 in 2012 to $7,456.25 in 2021, indicating either increased incomes or shifts in tax policies. The total tax liability per tax return has fluctuated,... Read more
Average Taxable Income per Tax Return in Logan County, AR over the last 9 years
Over the past nine years, there has been a steady upward trend in the average taxable income per tax return in Logan County, AR. Starting from $39,948.88 in 2013, the average rose gradually, reaching $46,974.54 by 2021. This increase highlights a healthy economic growth, making it an appealing destination for investors and individuals considering relocation. For potential property developers, understanding this income trend is crucial as it reflects the county's growing affluence and purchasing power.
Average State and Local Income Taxes Per Tax Return in Logan County, AR Over the Last 10 Years
Logan County, AR has seen a notable increase in average state and local income taxes per tax return over the past decade, rising from $4,840.37 in 2012 to $7,456.25 in 2021. This trend indicates a growing tax burden on residents, which could be a critical consideration for potential movers evaluating the cost of living. The substantial jumps, particularly in recent years, suggest either increasing incomes or tax policy changes that prospective residents should factor into their financial planning.
Average Total Tax Liability Per Tax Return in Logan County, AR Over the Last 10 Years
Over the past decade, Logan County, Arkansas has seen a fluctuating trend in the average total tax liability per tax return. With amounts ranging from approximately $4,723.02 in 2012 to a peak of around $5,528.20 in 2021, there's been a notable increase after a dip mid-decade. This variation underscores the economic dynamics affecting the county, presenting both challenges and opportunities for investors, those looking to relocate, and property developers. Understanding these tax trends can help better anticipate long-term financial commitments.
Cost of Living in Logan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $996 | $1,259 | $1,862 | $966 | $982 |
| 1 adult 4 children | $996 | $1,028 | $1,425 | $966 | $1,125 |
| 2 adults 3 children | $996 | $1,028 | $1,616 | $966 | $779 |
| 1 adult 3 children | $996 | $839 | $1,178 | $966 | $844 |
| 2 adults 2 children | $720 | $842 | $1,369 | $839 | $665 |
| 1 adult 2 children | $720 | $629 | $931 | $839 | $619 |
| 2 adults 1 child | $720 | $665 | $1,122 | $426 | $638 |
| 1 adult 1 child | $720 | $430 | $684 | $426 | $559 |
| 2 adults | $637 | $534 | $875 | $0 | $577 |
| 1 adult | $507 | $292 | $438 | $0 | $494 |
Safety trends & Data
Logan County, Arkansas, has seen fluctuating property crime trends over the last five years, with burglary incidents peaking in 2020 at 25 cases but then dropping to just 4 in 2021. Larceny-theft remains the most common crime, peaking in 2019 with 24 incidents. Fraud cases dropped significantly from 7 in 2019 to just 1 in 2020. Vandalism rates have remained relatively stable, with a slight uptick to 10 cases in 2022. These trends could be useful for assessing safety and insurance considerations... Read more
Property Crime Trends in Logan County, AR Over the Last 5 Years
Logan County, Arkansas, has experienced somewhat fluctuating trends in property crimes over the last five years. Burglary incidents peaked in 2020 with 25 cases but saw a significant dip in 2021 to just 4 cases. Larceny-Theft commonly remains the most frequent crime, particularly peaking in 2019 with 24 incidents. Moreover, fraud cases witnessed a notable drop from 7 in 2019 to just 1 in 2020. Vandalism seems relatively stable, with minor yearly variations, but 2022 saw an increase to 10 cases. Those considering investing or moving into Logan County may find these trends useful for assessing safety and insurance factors.
Demographics
Logan County, Arkansas, shows a balanced gender distribution with only a slight majority of females. Education-wise, the county predominantly consists of high school graduates and those with some college experience, suggesting educational attainment might be focused on foundational and undergraduate levels. Age distribution skews slightly towards older demographics, particularly those aged 55-64, which could impact county services and healthcare needs. The racial makeup is overwhelmingly White,... Read more
Race Distribution in Logan County, Arkansas (2022)
Educational Attainment in Logan County, Arkansas (2022)
Age Distribution in Logan County, Arkansas
Citizen Population in Logan County, Arkansas (2022)
Political Trends & Data
Logan County, Arkansas, exhibits a notably conservative stance, with potentially over 75% of votes going to the Republican Party in the 2020 U.S. Presidential Election. The Democratic Party possibly received less than 20%, suggesting a solid Republican base. Minor parties like Libertarians and Greens might have captured only a tiny fraction of the vote, reinforcing the area's conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Logan County, Arkansas displayed a significant leaning towards the Republican Party in the 2020 U.S. Presidential Election, with potentially over three-quarters of the votes. The Democratic Party may have garnered less than 20%, while minor parties like the Libertarians and Greens received a minimal share. This voting pattern might indicate a strong conservative base in the county.
78.31% of voters voted for the Republican party in the 2020 Presidential Election
18.77% of voters voted for the Democrat party in the 2020 Presidential Election
1.07% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
1.65% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Logan County, Arkansas, the student-to-teacher ratio has decreased from around thirteen students per teacher between 2014 and 2019 to just under eleven students per teacher from 2020 to 2023. This trend indicates smaller class sizes, possibly enhancing individualized attention in classrooms. This can be attractive to families and may positively influence local property values. Real estate agents could highlight this as a compelling point for prospective homebuyers, and local policymakers... Read more
Student-to-teacher ratio in Logan County, Arkansas over the last 10 years
Over the past decade, Logan County, Arkansas has generally maintained a student-to-teacher ratio below the national average of fourteen students per teacher. While the ratio hovered around thirteen students per teacher from 2014 to 2019, it experienced a notable decrease to just under eleven students per teacher from 2020 to 2023. This trend suggests smaller class sizes, which could be attractive to families prioritizing individualized attention for their children and may impact local property values positively. Real estate agents might find this an appealing point for prospective homebuyers, and local policymakers could leverage this data to highlight the quality of education when attracting new residents or businesses.
