Scott County Real Estate and Livability Trends
Scott County, Arkansas has seen significant growth in taxable income, with average figures reaching $43,666.07 by 2021, indicating rising economic resilience. However, increased state and local taxes and a spike in total tax liability suggest more financial pressure on residents. The housing market displayed volatility with median home values peaking at $97,600 in 2022, and real estate taxes... Read more
Scott County Market Trends
Scott County, Arkansas has seen a volatile housing market with median home values fluctuating from a low of $69,800 in 2017 to a peak of $97,600 in 2022, in contrast to a steady rise statewide and nationally. The average residential energy tax credit fluctuated, suggesting potential opportunities for energy-efficient improvements, especially with sustainability-focused buyers. Real estate taxes... Read more
Median Value of Occupied Housing Units in Scott County, Arkansas Over the Last 8 Years
Scott County, Arkansas has experienced a somewhat volatile trend in median home values over the past eight years, fluctuating from a low of $69,800 in 2017 to a peak of $97,600 in 2022. This compares to a steady upward trend both statewide and nationally. Arkansas’ median home value increased from $111,400 in 2015 to $162,400 in 2022, paralleling the national rise from $125,500 to $179,400. For potential homebuyers or investors, Scott County’s variability may present both challenges and opportunities in a market that has generally been more stable elsewhere.
Residential Energy Tax Credit Per Tax Return in Scott County, AR Over the Last 3 Years
Scott County, Arkansas has seen fluctuation in the average residential energy tax credit per tax return over recent years. In 2013, residents claimed an average of $233.33, which saw an increase to $333.33 by 2014, followed by a slight drop to $250.00 in 2016. This trend suggests potential opportunities for homeowners to capitalize on energy-efficient improvements, appealing to those looking to invest in sustainable living initiatives in the area.
Average Real Estate Taxes Per Tax Return in Scott County, AR Over the Last 10 Years
Scott County, Arkansas has seen a notable increase in average real estate taxes per tax return over the past decade, reflecting potential rising property values and municipal growth. A sharp upward trend begins around 2015, with taxes jumping from $924.14 to $1,065.52 in 2016. Despite a dip in 2019 to $871.43, the ascent peaks in 2021 at $1,700.00, suggesting that either property values have significantly appreciated or tax rates have been adjusted. This trend could signal stronger economic development opportunities and greater demand for real estate, important considerations for anyone looking to invest or build property in the area.
Percentage of Farm Returns in Scott County, AR Over the Last 10 Years
In Scott County, Arkansas, the percentage of farm tax returns over the past decade shows slight fluctuation but largely stays within the 12.40% to 14.44% range. The highest percentage recorded was in 2017 at approximately 14.44%, while the lowest was in 2020 at about 12.41%. These variations suggest a relatively stable agricultural economy with minor year-to-year shifts, highlighting a consistent level of agricultural activities. This information is crucial for potential investors, prospective property builders, or those moving to the area, signaling a stable yet active farming community as a backbone of the local economy.
Number of Mortgages by Occupancy Type in Scott County, AR Over the Last 5 Years in Scott County
Scott County, Arkansas has seen notable fluctuations in mortgage counts across different occupancy types over the past five years. Principal residences dominate, but their numbers have trended slightly down from 295 in 2020 to 258 in 2022, possibly indicating shifts in homeownership dynamics or economic factors affecting residential buying. Investment properties have remained relatively stable with a minor decrease, which might imply a cautious investor sentiment. Notably, second residence mortgages spiked in 2021 but have been low overall. These variations could affect real estate investors' risk assessments, homebuyers' perceptions of market stability, and insurance agents' policy evaluations by highlighting changing patterns in property utilization. Understanding these trends can better direct decisions on where to allocate resources or mitigate risks associated with different types of properties.
Economic Outlook
Scott County, Arkansas has experienced a steady rise in average taxable income per tax return from 2013 to 2021, reaching $43,666.07. This growth points to increasing economic resilience and appeal for property investors. However, residents have also seen state and local income taxes nearly double over the past decade, potentially weighing on their financial outlook. A notable increase in total tax liability per tax return, hitting $4,987.50 in 2021, further underscores a significant rise in... Read more
Average Taxable Income per Tax Return in Scott County, AR over the last 9 years
Over the last nine years, Scott County, AR has seen a steady increase in average taxable income per tax return, rising from $32,975.80 in 2013 to $43,666.07 in 2021. This upward trend reflects a significant growth in economic well-being, appealing to potential investors and individuals looking to move or build property in the area. The notable jump in 2021 suggests an economic resilience or boom, making Scott County increasingly attractive for economic activities.
Average State and Local Income Taxes Per Tax Return in Scott County, AR Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Scott County, AR have seen a significant increase, rising from $4,530.00 in 2012 to $9,600.00 in 2021. This upward trend highlights a potential growing financial burden for residents and could be a critical factor for individuals considering moving to or residing in the county. The most notable jumps occurred between 2017 and 2018, and again from 2020 to 2021.
Average Total Tax Liability Per Tax Return in Scott County, AR Over the Last 10 Years
Over the past decade, Scott County, Arkansas has seen a notable increase in the average total tax liability per tax return. Starting at $3,843.35 in 2012, the value has climbed to $4,987.50 by 2021. The trend shows a general upward trajectory, with specific leaps in 2017 and 2021. This rising tax liability suggests an increasing economic activity or income levels within the county, which can be an important consideration for potential investors, property developers, and new residents looking to understand the financial landscape.
Cost of Living in Scott County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $911 | $1,259 | $1,862 | $966 | $960 |
| 1 adult 4 children | $911 | $1,028 | $1,425 | $966 | $1,093 |
| 2 adults 3 children | $911 | $1,028 | $1,616 | $966 | $759 |
| 1 adult 3 children | $911 | $839 | $1,178 | $966 | $816 |
| 2 adults 2 children | $720 | $842 | $1,369 | $839 | $675 |
| 1 adult 2 children | $720 | $629 | $931 | $839 | $630 |
| 2 adults 1 child | $720 | $665 | $1,122 | $426 | $646 |
| 1 adult 1 child | $720 | $430 | $684 | $426 | $565 |
| 2 adults | $547 | $534 | $875 | $0 | $531 |
| 1 adult | $539 | $292 | $438 | $0 | $504 |
Safety trends & Data
In Scott County, Arkansas, property crime rates have exhibited varying patterns over the past five years. Burglary and larceny-theft incidents notably declined from 2019 to 2022, with burglary cases dropping from 17 to 3 and larceny-theft from 21 to 9. Conversely, vandalism incidents and stolen property cases spiked in 2022, reaching 10 and 9 respectively. These fluctuating trends may influence perceptions of safety and property values, offering important considerations for investors, real... Read more
Property Crime Trends in Scott County, AR Over the Last 5 Years
Over the past five years, Scott County, Arkansas, has seen fluctuating property crime rates with notable trends. Burglary incidents have shown a general decline since 2018, peaking in 2019 at 17 but decreasing significantly to just 3 by 2022. Larceny-theft followed a similar pattern, decreasing from 21 in 2019 to 9 in 2022. Meanwhile, fraud cases varied, peaking at 12 in 2019 and dropping to 1 by 2022. Interestingly, vandalism cases spiked in 2022 to 10, while incidents involving stolen property surged to 9 within the same year. Overall, these trends offer insights for potential investors, real estate agents, and residents regarding safety and property values in the county.
Demographics
Scott County, Arkansas, showcases a nearly balanced gender distribution with a slight male majority. Educational attainment reveals a solid segment with high school diplomas, but higher education degrees are relatively scarce, indicating potential workforce skill gaps. The county's population skews older, with notable representation in the 55 to 64 age bracket, suggesting potential future needs in healthcare and senior services. Racial diversity is limited, with a dominant White majority and... Read more
Race Distribution in Scott County, Arkansas (2022)
Educational Attainment in Scott County, Arkansas (2022)
Age Distribution in Scott County, Arkansas
Citizen Population in Scott County, Arkansas (2022)
Political Trends & Data
In Scott County, Arkansas, the 2020 U.S. Presidential Election results may reflect a robust Republican inclination, with the GOP securing around 83.4% of the vote. Democrats received about 13.6%, and third-party candidates, including Libertarians and Greens, garnered minimal support. This voting pattern hints at a deeply entrenched Republican presence in the local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Scott County, Arkansas, the Republican party potentially had a commanding lead in the 2020 U.S. Presidential Election with about 83.4% of the vote. Democrats garnered approximately 13.6%, while Libertarians and Green party candidates trailed significantly at around 0.9% and 0.1%, respectively. Other parties collectively captured roughly 2% of the vote. These trends suggest a strong Republican preference among Scott County voters.
83.41% of voters voted for the Republican party in the 2020 Presidential Election
13.60% of voters voted for the Democrat party in the 2020 Presidential Election
0.87% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
1.97% of voters voted for the Other party in the 2020 Presidential Election
School Data
Scott County, Arkansas has experienced a decline in the student-to-teacher ratio over the past decade, hitting a low of ten students per teacher in 2020 before rising slightly to around thirteen in 2023. This trend suggests smaller class sizes, which is a strong selling point for families who prioritize personalized education. Lower ratios, compared to the national average of fourteen, can boost property desirability and value, making this a key consideration for appraisers and insurance... Read more
Student-to-teacher ratio in Scott County, Arkansas over the last 10 years
Scott County, Arkansas has seen a notable decline in the student-to-teacher ratio over the past decade, reaching a low of ten students per teacher in 2020 before rising slightly to approximately thirteen in 2023. This trend implies potentially smaller class sizes, which can be a key selling point for families prioritizing personalized education. For real estate agents and potential homeowners, the lower ratios compared to the national average of fourteen are a potential draw. Appraisers and insurance agents should consider this in their valuations, as high-quality education can enhance property desirability and value. Investors and builders might see opportunities in developing family-friendly neighborhoods to capitalize on this growing interest.
