Polk County Real Estate and Livability Trends
In Polk County, Arkansas, the average taxable income per tax return rose from $37,047.85 in 2013 to $49,315.91 in 2021, possibly highlighting a growing economy attracting investors. Median home values have climbed from $84,300 in 2015 to $120,800 in 2022, suggesting potential property investment opportunities despite lagging state and national averages. The average residential energy tax credit... Read more
Polk County Market Trends
Polk County, Arkansas has observed a steady climb in median home values from $84,300 in 2015 to $120,800 in 2022, indicating potential for property investment growth despite lagging behind state and national averages. There's been a dramatic rise in the average residential energy tax credit from $483.33 in 2013 to $2,325.00 in 2021, pointing to increasing energy-efficient home improvements. Real... Read more
Median Value of Occupied Housing Units in Polk County, Arkansas Over the Last 8 Years
Polk County, Arkansas has seen a steady upward trend in median home values over the last eight years, growing from $84,300 in 2015 to $120,800 in 2022. While these values are generally lower compared to the state average, which increased to $162,400 by 2022, and significantly below the national median of $179,400 for the same year, the consistent growth suggests a positive trajectory for property investments. Lower entry points compared to broader averages could make Polk County an appealing option for budget-conscious homebuyers or investors looking for appreciating assets in Arkansas.
Residential Energy Tax Credit Per Tax Return in Polk County, AR Over the Last 8 Years
Over the last eight years, Polk County, Arkansas has seen significant growth in the average residential energy tax credit per tax return, starting from $483.33 in 2013 and spiking dramatically to $2325.00 in 2021. This rise, particularly the sharp increases in 2019 and 2020, indicates a growing emphasis on energy-efficient upgrades and renewable energy investments in the area, making it an attractive spot for eco-conscious homebuyers and real estate developers. Savvy investors and residents looking to optimize returns from green initiatives should keep a close eye on this burgeoning trend.
Average Real Estate Taxes Per Tax Return in Polk County, AR Over the Last 10 Years
Over the past decade, Polk County, Arkansas has seen a notable rise in average real estate taxes per tax return, moving from $963.00 in 2012 to $1,861.90 in 2021. This steady increase, particularly the jump to $1,517.39 in 2018 and subsequent rise to $1,861.90, suggests a growth in property values and potentially enhanced public services. For investors and potential homeowners, this trend can indicate a strengthening real estate market, which could be both an opportunity and a consideration for long-term costs.
Percentage of Farm Returns in Polk County, AR Over the Last 10 Years
Farm tax returns in Polk County, Arkansas exhibit a generally stable trend over the last decade, averaging around 10.5% in 2012 and peaking slightly at about 10.86% in 2014. However, there is a noticeable dip starting in 2019, reaching a low of approximately 9.50% in 2020 before a slight rebound to 9.86% in 2021. For investors, property developers, and residents, the consistency and recent decline in farm tax returns could suggest shifts in agricultural viability or economic health within the county. The changes in percentages, although relatively small, might indicate evolving circumstances in the local farming sector, which could affect future economic opportunities or land value.
Number of Mortgages by Occupancy Type in Polk County, AR Over the Last 5 Years in Polk County
Over the last five years in Polk County, Arkansas, the number of mortgages for principal residences has shown a general upward trend, peaking notably in 2021. Investment property mortgages have remained relatively stable but low compared to principal residences, while second residence mortgages displayed slight fluctuations. Changes in the occupancy type distribution can affect local housing markets, influencing property values and insurance premiums. For potential investors and builders, these trends may indicate the primary demand for principal residences, suggesting a stable or growing residential community with limited investment opportunities. Real estate agents could leverage these insights to tailor their marketing strategies, while appraisers and insurance agents might see shifting risks and property valuations.
Economic Outlook
In Polk County, Arkansas, the average taxable income per tax return has seen a consistent rise from $37,047.85 in 2013 to $49,315.91 in 2021, indicating a positive economic trajectory that could attract investors. However, there has been a significant increase in average state and local income taxes, peaking at $10,050.00 in 2019 and then stabilizing to $8,215.79 by 2021, which might affect cost-of-living considerations. Additionally, the total tax liability per tax return has fluctuated over... Read more
Average Taxable Income per Tax Return in Polk County, AR over the last 9 years
In Polk County, AR, the average taxable income per tax return has shown a steady increase over the past nine years, growing from $37,047.85 in 2013 to $49,315.91 in 2021. This upward trend, particularly a notable jump from around $41,573.33 in 2020 to $49,315.91 in 2021, suggests a growing economic strength and potential for increased financial stability in the region. This trend can be enticing for investors, potential residents, and developers considering opportunities in the area.
Average State and Local Income Taxes Per Tax Return in Polk County, AR Over the Last 10 Years
Over the last decade, Polk County, AR has seen a significant increase in average state and local income taxes per tax return, especially notable from 2018 onward where values spiked to a peak of $10,050.00 in 2019 before stabilizing to $8,215.79 by 2021. This trend suggests a considerable rise in tax burdens on residents, which could impact cost-of-living decisions and financial planning for current and future residents.
Average Total Tax Liability Per Tax Return in Polk County, AR Over the Last 10 Years
Over the last decade, there's been a noticeable fluctuation in the average total tax liability per tax return in Polk County, Arkansas. The liability started at $4,877.41 in 2012, peaked at $5,997.27 in 2021, with a few significant dips and rises in between. This variation can impact potential investors and property developers, as changes in tax liability can affect financial planning and affordability for residents and businesses alike. Specifically, the steady increase after 2016 signals rising costs which could be a consideration for those looking to invest or move to the area.
Cost of Living in Polk County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $920 | $1,331 | $1,862 | $966 | $977 |
| 1 adult 4 children | $920 | $1,087 | $1,425 | $966 | $1,111 |
| 2 adults 3 children | $920 | $1,087 | $1,616 | $966 | $769 |
| 1 adult 3 children | $920 | $888 | $1,178 | $966 | $824 |
| 2 adults 2 children | $756 | $890 | $1,369 | $839 | $691 |
| 1 adult 2 children | $756 | $665 | $931 | $839 | $645 |
| 2 adults 1 child | $756 | $704 | $1,122 | $426 | $658 |
| 1 adult 1 child | $756 | $454 | $684 | $426 | $573 |
| 2 adults | $579 | $565 | $875 | $0 | $538 |
| 1 adult | $505 | $308 | $438 | $0 | $486 |
Safety trends & Data
Polk County, Arkansas has seen a notable decrease in overall property crimes over the past five years, significantly in larceny-theft incidents dropping from 87.00 in 2018 to 31.00 in 2022. However, certain crimes like burglary saw a spike to 11.00 incidents in 2021, and vandalism rates peaked at 10.00 incidents in 2020. Despite relatively minimal cases of fraud and counterfeit, these mixed trends are likely to catch the eye of investors, real estate agents, and potential movers, highlighting a... Read more
Property Crime Trends in Polk County, AR Over the Last 5 Years
Polk County, Arkansas has shown a notable decrease in overall property crimes over the past five years, with larceny-theft incidents dropping from 87.00 in 2018 to 31.00 in 2022. However, there's been a sporadic rise in specific crimes like burglary, which spiked to 11.00 incidents in 2021. Vandalism rates have fluctuated, peaking at 10.00 incidents in 2020, while cases of fraud and counterfeit have remained relatively minimal. These trends could be of interest to investors, real estate agents, and those considering moving to the area, as they suggest a generally improving safety environment but with occasional surges in certain crimes that merit closer scrutiny.
Demographics
Polk County, Arkansas, presents a balanced gender distribution, but there is perhaps a slightly higher number of females. The education levels indicate a significant portion of residents completing high school, along with a reasonable number pursuing some college or technical degrees. Notably, bachelor’s degree holders are fewer, which may hint at limited higher education attainment or migration patterns. The age spread shows a diversified demographic with a strong presence aged 55-64... Read more
Race Distribution in Polk County, Arkansas (2022)
Educational Attainment in Polk County, Arkansas (2022)
Age Distribution in Polk County, Arkansas
Citizen Population in Polk County, Arkansas (2022)
Political Trends & Data
Polk County, Arkansas, showed a strong preference for the Republican party in the 2020 U.S. Presidential Election, with Republicans estimated to capture around 83% of the vote. Democrats garnered approximately 15%, revealing a significant gap and indicating the county's conservative leaning. Minor parties collectively made up just over 2% of the vote, underscoring the dominance of the major parties in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Polk County, Arkansas, displayed a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with estimates suggesting Republicans captured around 83% of the vote. Democrats, on the other hand, seemed to garner close to 15%, indicating a substantial gap between the two major parties. Minor parties like the Libertarians and Greens, along with other candidates, appeared to have only a minimal impact, collectively accounting for just over 2% of the vote. This trend may reveal underlying political attitudes in the county, highlighting its strong conservative bent.
82.86% of voters voted for the Republican party in the 2020 Presidential Election
14.68% of voters voted for the Democrat party in the 2020 Presidential Election
0.98% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% of voters voted for the Green party in the 2020 Presidential Election
1.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Polk County, Arkansas, has seen its student-to-teacher ratio decline from around 13 students per teacher in 2014 to roughly 11 by 2023, which contrasts with the national average of 14 students per teacher. This trend suggests more personalized education experiences and could make the area attractive to families prioritizing education. For prospective investors, builders, and real estate agents, this might signal potential boosts in property values and stable community growth. Insurance agents... Read more
Student-to-teacher ratio in Polk County, Arkansas over the last 10 years
Polk County, Arkansas, has seen a gradual decline in its student-to-teacher ratio over the past decade, dropping from around 13 students per teacher in 2014 to roughly 11 by 2023. This contrasts with the national average of 14 students per teacher, suggesting Polk County may offer more personalized education experiences. For prospective investors, builders, and real estate agents, such trends could make the area more attractive to families prioritizing education, potentially boosting property values and indicating stable community growth. Insurance agents and appraisers might also find this relevant as it hints at long-term community investment in educational infrastructure, which is a key factor in assessing property values.
