Prairie County Real Estate and Livability Trends
Prairie County, Arkansas has seen median home values rise to $87,200.00 in 2022, reflecting growth opportunities for investors. Income trends show an average taxable income increase to $54,610.43 in 2021, suggesting economic growth. Energy-efficient home improvements remain appealing with residential energy tax credits peaking in 2020. Despite an increase in real estate taxes, a spike in... Read more
Prairie County Market Trends
Over the last eight years, Prairie County, Arkansas has seen a steady rise in median home values, reaching $87,200.00 in 2022, suggesting potential growth opportunities for investors. Residential energy tax credits spiked to $3200.00 in 2020 but dipped to $1866.67 in 2021, indicating increased investment in energy-efficient home improvements which appeals to sustainability-focused buyers. Real... Read more
Median Value of Occupied Housing Units in Prairie County, Arkansas Over the Last 8 Years
Over the last eight years, Prairie County, Arkansas has experienced a steady climb in median home values, reaching $87,200.00 in 2022, a stark contrast to the state's $162,400.00 and the national median of $179,400.00. While still significantly below these averages, this upward momentum could signal a catching-up phase for Prairie County, presenting potential opportunities for investors looking for growth markets.
Residential Energy Tax Credit Per Tax Return in Prairie County, AR Over the Last 5 Years
Prairie County, Arkansas, has experienced significant fluctuations in residential energy tax credits over the past five years, with a notable spike in 2020 where the average credit per tax return surged to $3200.00. Despite a decrease to $1866.67 in 2021, these figures indicate a growing investment in energy-efficient home improvements. This trend is crucial for real estate investors, homeowners, and builders, suggesting a community increasingly focused on sustainability and long-term cost savings.
Average Real Estate Taxes Per Tax Return in Prairie County, AR Over the Last 10 Years
In Prairie County, Arkansas, average real estate taxes per tax return have exhibited a notable upward trend over the past decade, with an increase from $640.00 in 2012 to approximately $1,185.71 in 2021. However, fluctuations can be observed, such as a marked peak in 2018 at $1,412.50 and a slight dip in 2015 at $881.25. This suggests potential variability in property valuations or tax rate adjustments, which could influence decisions for investors, homebuyers, and current residents considering financial planning or relocation within the area.
Percentage of Farm Returns in Prairie County, AR Over the Last 10 Years
Prairie County, Arkansas has seen a somewhat fluctuating trend in the percentage of farm tax returns over the last decade, with values typically hovering between 6.28% and 8.11%. Despite some variance, these percentages hint at a relatively stable presence of agricultural operations. For those eyeing investments or considering a move, this steadiness in farm-related tax returns might suggest some consistency in the agricultural sector, which could be vital for economic planning. Farm tax returns provide insights into income generated from farming activities, and a stable percentage can indicate a reliable stream of agricultural income within the county.
Number of Mortgages by Occupancy Type in Prairie County, AR Over the Last 5 Years in Prairie County
In Prairie County, Arkansas, there's been a notable increase in principal residence mortgages over the last five years, jumping from 189 in 2018 to 311 in 2022. Investment property mortgages, however, have stayed relatively stable, fluctuating slightly but maintaining around the same numbers. Second residence mortgages have remained low and consistent. These trends could suggest a growing local population and demand for long-term, primary housing compared to investment or vacation properties. For investors, this stability might indicate a steady rental market without sharp increases in property availability. Appraisers and insurance agents may want to consider the higher valuations and risk profiles associated with primary residences compared to fluctuating investment property markets. For real estate agents, the rising principal residence mortgages suggest a ripe market for families and long-term homeowners, rather than short-term buyers or investors.
Economic Outlook
Prairie County, Arkansas has experienced a steady increase in average taxable income per tax return, reaching $54,610.43 in 2021 compared to $45,584.73 in 2013, indicating economic growth and higher incomes among its residents. Income tax fluctuations, peaking in 2013 and 2020 around $7,000, followed by dips like $5,393.02 in 2017, signal shifts in financial planning and disposable income, affecting potential residents' cost-of-living assessments. Additionally, average total tax liabilities... Read more
Average Taxable Income per Tax Return in Prairie County, AR over the last 9 years
Prairie County, AR has seen a steady increase in average taxable income per tax return over the last nine years, reaching $54,610.43 in 2021. This is a notable rise from $45,584.73 in 2013, reflecting economic growth and potentially higher incomes among residents, which could be of interest to investors and home builders looking to tap into a more affluent market. Such trends suggest a growing financial stability in the area, making it an attractive spot for potential newcomers and businesses.
Average State and Local Income Taxes Per Tax Return in Prairie County, AR Over the Last 10 Years
Prairie County, AR has seen fluctuations in average state and local income taxes per tax return over the last decade. Notable peaks occurred in 2013 and 2020, with average tax returns reaching $6,979.55 and $7,050.00 respectively. A significant dip happened in 2017 with the lowest at $5,393.02. Overall, recent years show a trend toward stabilization around $6,000 to $7,000, impacting taxpayers' financial planning and disposable income, vital for prospective residents evaluating cost of living and long-term financial commitments.
Average Total Tax Liability Per Tax Return in Prairie County, AR Over the Last 10 Years
Prairie County, Arkansas has seen fluctuating average total tax liabilities per tax return over the last decade, oscillating between a low of $5,711.79 in 2018 and a high of $7,010.08 in 2013. This variation reflects potential shifts in income levels or tax regulations, impacting both existing and prospective residents. For investors and property developers, understanding these changes is crucial as they indicate economic stability and possible future tax implications.
Cost of Living in Prairie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $912 | $1,379 | $1,862 | $966 | $999 |
| 1 adult 4 children | $912 | $1,126 | $1,425 | $966 | $1,132 |
| 2 adults 3 children | $912 | $1,127 | $1,616 | $966 | $783 |
| 1 adult 3 children | $912 | $920 | $1,178 | $966 | $838 |
| 2 adults 2 children | $749 | $922 | $1,369 | $839 | $702 |
| 1 adult 2 children | $749 | $689 | $931 | $839 | $654 |
| 2 adults 1 child | $749 | $729 | $1,122 | $426 | $666 |
| 1 adult 1 child | $749 | $471 | $684 | $426 | $576 |
| 2 adults | $569 | $586 | $875 | $0 | $542 |
| 1 adult | $561 | $319 | $438 | $0 | $508 |
Safety trends & Data
In Prairie County, Arkansas, property crime trends over recent years have seen varied highs in larceny-theft and motor vehicle thefts, especially with notable upticks in larceny-theft during 2018 and 2022 and a spike in motor vehicle thefts in 2021. Burglary cases peaked in 2019 but have since decreased, while vandalism remains consistently low. These crime fluctuations may impact property values, insurance costs, and investor interest, making them crucial factors for potential buyers and real... Read more
Property Crime Trends in Prairie County, AR Over the Last 5 Years
In Prairie County, Arkansas, property crime trends over the past five years present a fluctuating yet somewhat manageable landscape. Notable upticks in larceny-theft were observed in 2018 and 2022, peaking significantly in the latter year with 5 reported incidents. Burglary made a strong appearance in 2019 with 8 cases but reduced considerably in subsequent years. Interestingly, motor vehicle thefts saw a spike in 2021 with 4 incidents after remaining relatively low. Vandalism incidents have stayed lower but consistent, while stolen property offenses showed a sudden increase in 2021. These trends could influence property values, insurance rates, and appeal to investors, and should be closely examined by those interested in real estate or moving into the area.
Demographics
Prairie County, Arkansas, shows a balanced gender distribution with a small majority of females over males in the adult population. Educational attainment highlights a significant portion of the population holding at least a high school diploma, but fewer progressing to higher education degrees. The age distribution reveals a higher concentration of residents in the 45-64 age brackets, suggesting an aging population. Racially, the county is predominantly White, with small percentages of Black... Read more
Race Distribution in Prairie County, Arkansas (2022)
Educational Attainment in Prairie County, Arkansas (2022)
Age Distribution in Prairie County, Arkansas
Citizen Population in Prairie County, Arkansas (2022)
Political Trends & Data
In Prairie County, Arkansas, the 2020 U.S. Presidential Election revealed a notable conservative dominance, with approximately 80% of votes favoring the Republican party. Democrats managed less than 19%, and third-party candidates collectively held less than 1%. This strong preference for Republicans may indicate a deeply entrenched conservative voter base, which could influence local real estate trends, such as buyer preferences and policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Prairie County, Arkansas, the 2020 U.S. Presidential Election saw a strong lean towards the Republican party with nearly 80% of the votes, while the Democrat party garnered under 19%. Third parties, including Libertarian and Green, collectively secured less than 1% of the vote, with other parties adding just over 1%. This dominating Republican preference could suggest a deeply entrenched conservative voter base in this region.
79.71% of voters voted for the Republican party in the 2020 Presidential Election
18.71% of voters voted for the Democrat party in the 2020 Presidential Election
0.46% of voters voted for the Livertarian party in the 2020 Presidential Election
0.09% of voters voted for the Green party in the 2020 Presidential Election
1.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Prairie County, Arkansas, the student-to-teacher ratio has fluctuated between 11 and 13 students per teacher over the past decade, remaining below the national average of 14.0. Notable dips to 11 in 2021 and peaks nearing 14 in 2020 highlight varying trends in enrollment and hiring practices. A lower ratio suggests more personalized attention for students, potentially making the area more attractive to families prioritizing education, while higher ratios could reflect economic conditions,... Read more
Student-to-teacher ratio in Prairie County, Arkansas over the last 10 years
Over the past decade in Prairie County, Arkansas, the student-to-teacher ratio has largely fluctuated between 11 and 13 students per teacher, overall staying below the current national average of 14 students per teacher. With dips like 11 in 2021 and peaks such as nearly 14 in 2020, these fluctuations can suggest varying trends in enrollment and hiring practices that investors, families considering moves, and real estate agents should take note of. A lower student-to-teacher ratio might imply more personalized attention for students, potentially making the area more attractive to families prioritizing education. Meanwhile, higher ratios could result from economic conditions, labor shortages, or shifts in population, offering some context for appraisers and insurance agents assessing economic stability and future projections.
