Sevier County Real Estate and Livability Trends
Sevier County, Arkansas is showing promising economic growth and evolving tax policies, evidenced by an increase in average taxable income from $36,298.07 in 2013 to $46,267.68 in 2021 and rising property taxes now at $1,115.38 per return. Median home values have climbed from $68,200 in 2015 to $99,200 in 2022, while educational quality has improved with a student-to-teacher ratio now under 12,... Read more
Sevier County Market Trends
In Sevier County, Arkansas, median home values have surged from $68,200 in 2015 to $99,200 in 2022, diverging from broader state and national trends with a much lower entry price point. Meanwhile, residential energy tax credits have soared from $266.67 in 2013 to $2,650.00 in 2021, highlighting significant local investment in energy efficiency. Average real estate taxes have also risen, now at... Read more
Median Value of Occupied Housing Units in Sevier County, Arkansas Over the Last 8 Years
In Sevier County, Arkansas, median home values have been on an upward trajectory over the past eight years, climbing from $68,200 in 2015 to $99,200 in 2022. This local increase contrasts with broader state and national trends, where Arkansas saw a rise from $111,400 to $162,400, and the U.S. moved from $125,500 to $179,400 during the same period. Investors and prospective homeowners may find Sevier County's lower price point particularly attractive, potentially offering more affordable entry into the housing market while still being part of an upward trend.
Residential Energy Tax Credit Per Tax Return in Sevier County, AR Over the Last 7 Years
Residential energy tax credits in Sevier County, Arkansas have seen significant growth over the past seven years, starting at $266.67 in 2013 and peaking dramatically at $2,650.00 in 2021. This upward trend suggests increasing investments in energy-efficient home improvements, likely driven by both enhanced tax incentives and a growing awareness of sustainable living. The substantial spike in 2021 indicates a heightened focus on energy efficiency, which is an attractive prospect for investors and homeowners looking to reduce long-term energy costs.
Average Real Estate Taxes Per Tax Return in Sevier County, AR Over the Last 10 Years
Over the last decade, Sevier County, Arkansas has seen a notable rise in average real estate taxes per tax return, climbing from $742.86 in 2012 to $1,115.38 in 2021. This steady increase, with notable spikes in 2018 and 2019, may suggest a growing demand for property or changes in tax policies. For potential investors, homeowners, and developers, the trend could indicate a shifting economic landscape in Sevier County, possibly reflecting improvements in infrastructure, public services, or a rise in property values.
Percentage of Farm Returns in Sevier County, AR Over the Last 10 Years
Over the past decade in Sevier County, Arkansas, the percentage of farm tax returns has varied slightly, generally hovering around the 8% mark. The data shows a peak in 2016 at approximately 8.55% and the lowest point in 2013 at around 7.56%. Farm tax returns typically indicate the number of residents engaged in agricultural activities and the financial viability of farming in the area, which can be crucial for potential investors, homebuyers, or developers. Understanding these trends is key for making informed decisions about the agricultural landscape and economic health of Sevier County.
Number of Mortgages by Occupancy Type in Sevier County, AR Over the Last 5 Years in Sevier County
Over the past five years, Sevier County, Arkansas has generally seen stable numbers in mortgages taken out for principal residences, hitting a peak in 2021 with 479 before dipping slightly to 442 in 2022. Investment properties have fluctuated but have generally maintained around 60 mortgages each year since 2019. Mortgages for second residences remain minimal but have shown a slight uptick from 7 in 2019 to 16 in 2022. These trends can influence various stakeholders: Investors might perceive the steady investment property demand as a stable opportunity, while the high proportion of principal residence loans indicates a predominantly resident-driven housing market. Appraisers and insurance agents should note these shifts in occupancy types as they can affect property valuation and risk assessments, potentially impacting policy offerings and premiums. For those considering building property or moving to the area, understanding these patterns can help in making informed decisions about market demand and residential stability.
Economic Outlook
Sevier County, Arkansas has seen a consistent uptrend in average taxable income per tax return, jumping from $36,298.07 in 2013 to $46,267.68 in 2021. At the same time, state and local income taxes per tax return have generally been on the rise, spiking notably from $5,474.29 to $7,750.00 between 2017 and 2020. Average total tax liability per tax return has also shown significant fluctuations, reaching $5,464.78 in 2021 after hitting a low of $4,630.71 in 2013. These financial trends indicate... Read more
Average Taxable Income per Tax Return in Sevier County, AR over the last 9 years
Sevier County, AR has seen a consistent increase in average taxable income per tax return over the past nine years, with a notable jump from $36,298.07 in 2013 to $46,267.68 in 2021. This upward trend highlights improving economic conditions and potential for higher earning opportunities, making the area more attractive for investment, property development, and new residents looking for a growing community with economic promise.
Average State and Local Income Taxes Per Tax Return in Sevier County, AR Over the Last 10 Years
Over the past decade, Sevier County, AR has seen fluctuating but generally increasing average state and local income taxes per tax return, with a notable rise since 2017. The most substantial jumps occurred between 2017 and 2020, where the average tax burden surged from $5,474.29 to a peak of $7,750.00. This increase could impact both potential and current residents, highlighting evolving economic factors and potentially more robust infrastructure or public services financing in the region.
Average Total Tax Liability Per Tax Return in Sevier County, AR Over the Last 10 Years
Over the past decade, Sevier County, Arkansas has experienced fluctuations in average total tax liability per tax return, with a notable increase in 2021 reaching $5,464.78. After a dip in 2013 to $4,630.71, there was a discernible upward trend with certain declines, particularly in 2018. This variability suggests a changing economic landscape and tax policies affecting residents, making it crucial for potential investors and new residents to closely monitor these trends for financial planning.
Cost of Living in Sevier County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $962 | $1,359 | $1,862 | $966 | $1,025 |
| 1 adult 4 children | $962 | $1,110 | $1,425 | $966 | $1,168 |
| 2 adults 3 children | $962 | $1,110 | $1,616 | $966 | $806 |
| 1 adult 3 children | $962 | $907 | $1,178 | $966 | $875 |
| 2 adults 2 children | $720 | $909 | $1,369 | $839 | $699 |
| 1 adult 2 children | $720 | $679 | $931 | $839 | $656 |
| 2 adults 1 child | $720 | $718 | $1,122 | $426 | $667 |
| 1 adult 1 child | $720 | $464 | $684 | $426 | $584 |
| 2 adults | $600 | $577 | $875 | $0 | $589 |
| 1 adult | $539 | $315 | $438 | $0 | $523 |
Safety trends & Data
Property crime trends in Sevier County, Arkansas have shown notable fluctuations over the past five years. Larceny-Theft has seen significant dips, from 31 cases in 2018 to just 12 in 2022. Burglary spiked slightly in 2019 but then gradually decreased, reaching 5 cases by 2022. Vandalism also varied moderately but followed a similar pattern of slight decreases and surges. Charges related to Forgery, Counterfeiting, and Fraud remained low but steady. The emergence of Arson in 2021 and Motor... Read more
Property Crime Trends in Sevier County, AR Over the Last 5 Years
Property crime trends in Sevier County, Arkansas over the last five years show notable fluctuations. Larceny-Theft consistently tops the stats, with a high of 31 cases in 2018, though it sees a dip to 12 in 2022. Burglary spiked slightly higher in 2019 at 8 cases but decreased gradually to 5 by 2022. Vandalism has varied moderately, starting at 6 incidents in 2018 and showing a similar pattern with slight decreases and surges. Charges related to Forgery and Counterfeiting, alongside Fraud, have remained relatively low but steady, with no remarkable spikes. The addition of Arson and Motor Vehicle Theft in 2021 and 2022, respectively, indicates a diverse spread of less frequent, but serious, property crimes beginning to emerge. For investors, real estate agents, and those considering a move to Sevier County, understanding these trends could be valuable for assessing risk and making more informed decisions.
Demographics
Sevier County, Arkansas has a nearly balanced adult population by gender with a slight majority of females. The educational attainment data suggests many individuals have completed at least high school, but a considerable portion have not pursued higher education beyond an associate's degree. The age distribution reveals a relatively young demographic, with significant populations under 44 years old. Racially, the county appears to be predominantly White, though there is a notable presence of... Read more
Race Distribution in Sevier County, Arkansas (2022)
Educational Attainment in Sevier County, Arkansas (2022)
Age Distribution in Sevier County, Arkansas
Citizen Population in Sevier County, Arkansas (2022)
Political Trends & Data
In Sevier County, Arkansas, the 2020 U.S. Presidential Election results hint at a strongly Republican-leaning population, with the GOP candidate capturing around 74.7% of the vote. By contrast, the Democratic candidate's support was markedly lower at about 21.5%. Minor party candidates barely made a dent, collectively barely surpassing 3%. This electoral behavior could suggest limited political diversity or engagement with alternative parties in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
The voting patterns in Sevier County, Arkansas, during the 2020 U.S. Presidential Election, suggest a strong preference for the Republican candidate, who garnered approximately 74.7% of the vote. The Democratic candidate received about 21.5%, which shows a significantly lower level of support in comparison. Votes for Libertarian, Green, and other parties combined were minimal, collectively accounting for just over 3% of the total votes. This distribution points to a predominantly Republican-leaning electorate in this region.
74.66% of voters voted for the Republican party in the 2020 Presidential Election
21.45% of voters voted for the Democrat party in the 2020 Presidential Election
1.06% 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
2.63% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sevier County, Arkansas has experienced a notable decrease in its student-to-teacher ratio, now under 12 students per teacher, compared to the national average of 14. This trend can make the area more appealing to families seeking personalized attention in education. For real estate professionals, this suggests a potential boost in the attractiveness of the local housing market, as quality education systems are often a key factor for buyers. Additionally, appraisers and insurance agents might... Read more
Student-to-teacher ratio in Sevier County, Arkansas over the last 10 years
Over the past decade, Sevier County, Arkansas has seen a notable decrease in its student-to-teacher ratio, moving from approximately 13 to under 12 students per teacher. This is particularly significant when compared to the current national average of 14 students per teacher, making Sevier County potentially more appealing for families prioritizing personalized attention in the classroom. For investors and real estate agents, this trend could signal a strengthening appeal of the area’s education system. Moreover, appraisers and insurance agents might consider these changes when evaluating property values and risk assessments, as lower student-to-teacher ratios often correlate with perceived community benefits and desirability.
