Miller County Real Estate and Livability Trends
Miller County, Arkansas, shows promising economic growth with average taxable incomes rising from $44,488.21 in 2013 to $57,881.69 in 2021, hinting at potential higher property values and investment opportunities. Real estate markets have seen median home values climb from $94,600 in 2015 to $137,700 in 2022, offering an accessible yet appreciating market. Property and real estate taxes have... Read more
Miller County Market Trends
Miller County, Arkansas presents a compelling real estate landscape with median home values rising from $94,600 in 2015 to $137,700 in 2022, but still below state and national averages. This moderate yet consistent growth offers a cost-effective entry point for investors and property developers. Notably, the area has seen a substantial increase in residential energy tax credits, peaking at... Read more
Median Value of Occupied Housing Units in Miller County, Arkansas Over the Last 8 Years
Miller County, Arkansas has seen its median home values go from $94,600 in 2015 to $137,700 in 2022, all while remaining below both state and national averages. Compared to Arkansas, which started at $111,400 and reached $162,400, Miller County offers relatively affordable housing options. Nationally, the median home value saw a considerable increase from $125,500 in 2015 to $179,400 in 2022. For anyone considering investment, relocation, or property development in Miller County, this substantial yet modest growth presents an appealing opportunity for market entry or expansion within a cost-effective landscape.
Residential Energy Tax Credit Per Tax Return in Miller County, AR Over the Last 9 Years
Miller County, Arkansas has seen a significant rise in residential energy tax credits per tax return over the past nine years, indicating increased investment in energy-efficient home improvements. From a modest $388.46 per return in 2013, the average credit climbed to a peak of $1,533.33 in 2018, before stabilizing around $1,423.08 in 2021. This upward trend highlights a growing awareness and adoption of energy-saving technologies, making the area appealing for eco-conscious investors and homeowners.
Average Real Estate Taxes Per Tax Return in Miller County, AR Over the Last 10 Years
Real estate taxes per tax return in Miller County, Arkansas have shown a noticeable increase over the last decade, starting at approximately $1,700.87 in 2012 and peaking at around $3,448.98 in 2020. This upward trend, with a particularly sharp rise from 2017 to 2020, could indicate rising property values or changes in tax policies. Potential investors, homeowners, and builders might find this data useful for gauging long-term financial implications and making informed decisions about property investments in the area.
Percentage of Farm Returns in Miller County, AR Over the Last 10 Years
Farm tax returns in Miller County, Arkansas, have generally hovered around 2.6% to 2.8% over the last decade, peaking at approximately 2.81% in 2021. These returns reflect the taxable income reported from farming activities, which could be indicative of the agricultural viability and land productivity in the area. This steadiness might suggest a resilient agriculture sector, which could be appealing for those looking to invest in agricultural ventures, purchase farmland, or move to a community with stable farming activity. This is critical for gauging the economic landscape, forecasting potential growth in property values, and understanding the long-term sustainability of agricultural operations in Miller County.
Number of Mortgages by Occupancy Type in Miller County, AR Over the Last 5 Years in Miller County
In Miller County, Arkansas, the trend in mortgage counts over the last five years suggests that principal residences overwhelmingly dominate the market, with numbers peaking in 2020. Investment properties show a modest but consistent presence, with just over 160 mortgages in the highest reported year of 2021, but second residences lag far behind, barely crossing 20 mortgages annually. For investors, these shifts imply a stable demand for primary residential properties, potentially driving incentives for long-term investments. Conversely, the limited appeal of second homes suggests either a lack of attractive secondary housing options or a market more focused on practicality, influencing building and insurance considerations accordingly. Real estate agents and appraisers can glean that primary residencies drive valuation trends, while the relative decline in investment properties and second homes might shape market strategies.
Economic Outlook
Miller County, Arkansas, has shown a steady rise in average taxable income per tax return over the past nine years, starting at about $44,488.21 in 2013 and reaching $57,881.69 by 2021. This is a promising indicator of economic growth and potentially higher property values, making it attractive to real estate investors. However, prospective residents should also consider the increase in average state and local income taxes, which went from $4,478.79 in 2017 to $6,217.39 in 2021, suggesting a... Read more
Average Taxable Income per Tax Return in Miller County, AR over the last 9 years
Over the past nine years, Miller County, AR has shown a steady increase in average taxable income per tax return, starting at about $44,488.21 in 2013 and reaching $57,881.69 by 2021. This upward trend is notable for investors and potential residents as it suggests growing economic prosperity and possibly higher standards of living. It could also indicate a strong local job market and increasing property values, making it a potentially lucrative area for real estate investments. The consistent growth even through periods of economic uncertainty could make Miller County an attractive option for individuals and families seeking stability.
Average State and Local Income Taxes Per Tax Return in Miller County, AR Over the Last 10 Years
Miller County, AR has seen fluctuations in average state and local income taxes per tax return over the past decade, with notable increases in recent years. After a low of $4,478.79 in 2017, the average tax amount spiked to $6,217.39 by 2021, indicating a significant rise in tax burdens. These changes matter for both current residents and potential movers as they impact disposable income and cost of living in the area.
Average Total Tax Liability Per Tax Return in Miller County, AR Over the Last 10 Years
Over the last decade, Miller County, Arkansas has experienced fluctuations in its average total tax liability per tax return, peaking significantly in 2021 at $9,108.58. Despite a dip to $6,917.51 in 2018, the general trend shows a recovery and increase, highlighting potential economic growth or changes in tax policy. For investors and those interested in property or living in the area, these figures suggest a fluctuating yet upward-trending tax landscape, which could impact financial planning and the economic environment in Miller County.
Cost of Living in Miller County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,095 | $1,408 | $1,899 | $1,281 | $1,175 |
| 1 adult 4 children | $1,095 | $1,149 | $1,452 | $1,281 | $1,362 |
| 2 adults 3 children | $1,095 | $1,150 | $1,648 | $1,281 | $944 |
| 1 adult 3 children | $1,095 | $939 | $1,201 | $1,281 | $1,073 |
| 2 adults 2 children | $879 | $941 | $1,397 | $1,120 | $806 |
| 1 adult 2 children | $879 | $703 | $950 | $1,120 | $788 |
| 2 adults 1 child | $879 | $744 | $1,146 | $596 | $739 |
| 1 adult 1 child | $879 | $481 | $698 | $596 | $651 |
| 2 adults | $700 | $598 | $894 | $0 | $594 |
| 1 adult | $695 | $326 | $447 | $0 | $540 |
Safety trends & Data
Over the past five years, Miller County, Arkansas has experienced fluctuating property crime trends, with Larceny and Vandalism consistently the most common offenses. Burglary cases have decreased from a high of 64.00 arrests in 2018 to 52.00 in 2022, hinting at potential improvements in security measures. However, Vandalism and Arson incidents have remained relatively steady, suggesting areas where community safety could still be bolstered. These crime trends can be key for investors, real... Read more
Property Crime Trends in Miller County, AR Over the Last 5 Years
Over the past five years, Miller County, Arkansas has seen a fluctuating trend in property crimes, with Larceny and Vandalism consistently making up the highest number of incidents. Burglary cases have mostly decreased from a high of 64.0 arrests in 2018 to 52.0 in 2022, suggesting a possible improvement in security measures. Conversely, Vandalism and Arson incidents have shown a degree of resilience, potentially indicating areas where community safety could be further enhanced. These crime trends hold significant implications for potential investors, real estate agents, and those considering relocating, as they provide insight into local safety and security dynamics.
Demographics
Miller County, Arkansas shows an almost balanced gender distribution among its adult population, with a slight majority of females. Educational attainment trends reveal the highest proportion of residents have only completed high school, with fewer reaching higher education levels such as bachelor's or professional degrees. Age distribution indicates a substantial number of residents in the 35 to 64 age bracket, underscoring a significant middle-aged demographic. Racially, the county appears... Read more
Race Distribution in Miller County, Arkansas (2022)
Educational Attainment in Miller County, Arkansas (2022)
Age Distribution in Miller County, Arkansas
Citizen Population in Miller County, Arkansas (2022)
Political Trends & Data
Miller County, Arkansas, overwhelmingly leaned Republican in the 2020 Presidential Election, with approximately 72% voting GOP. Democrats managed about 26%, while Libertarians and Green Party candidates each attracted around 1%. Interestingly, over 1% of the votes went to other parties, suggesting a potential rise in interest for alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Miller County, Arkansas, witnessed a dominant Republican preference in the 2020 U.S. Presidential Election, with around 72% of the votes. Democrats trailed significantly, capturing roughly 26%, while Libertarians and Green Party candidates garnered minimal support, each hovering around the 1% mark. There seems to be a noticeable trend towards other parties, which collectively received over 1% of the vote, a factor that could hint at a growing interest in alternative political ideologies in the region.
72.12% of voters voted for the Republican party in the 2020 Presidential Election
25.68% of voters voted for the Democrat party in the 2020 Presidential Election
0.61% 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
1.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Miller County, Arkansas has seen fluctuating student-to-teacher ratios, rising from 13 students per teacher in 2014 to a peak of 15 in 2019. Recent years have shown a decline, bringing the ratio closer to the national average of 14 students per teacher. These shifts might reflect broader demographic or policy changes impacting school staffing and could be pivotal for potential investors and new residents interested in education... Read more
Student-to-teacher ratio in Miller County, Arkansas over the last 10 years
Over the last decade, Miller County, Arkansas has seen fluctuating student-to-teacher ratios with a notable rise from 13 students per teacher in 2014 to a peak of 15 in 2019. Interestingly, despite this peak, recent years have shown a decline, bringing the ratio closer to the national average of 14 students per teacher. For potential investors and new residents, this indicates potential variability in educational resource allocation, making it a mixed bag. Real estate agents and anyone keen on the local education scene might find these shifts worth monitoring as they could reflect broader demographic or policy changes impacting school staffing and quality of education.
