Sharp County Real Estate and Livability Trends
Sharp County, Arkansas stands out for its rising economic indicators with average taxable income per tax return climbing from $35,327.71 in 2013 to $45,835.58 in 2021, suggesting a stronger local economy that might attract both investors and new residents. Real estate in the area remains relatively affordable, with home values reaching $89,900 in 2022. However, it's essential to note an increased... Read more
Sharp County Market Trends
Recent market trends in Sharp County, Arkansas highlight a relatively affordable housing option compared to state and national levels. Home values have risen to $89,900 in 2022, albeit at a slower pace than the broader market. Notable tax benefits also hint at significant investments in energy efficiency around 2021, with energy tax credits rising to $1,200.00 per return, suggesting a community... Read more
Median Value of Occupied Housing Units in Sharp County, Arkansas Over the Last 8 Years
Recent shifts in Sharp County, Arkansas reveal an interesting housing market dynamic. Over the last 8 years, median home values climbed from $74,800 in 2015 to $89,900 in 2022, after a dip in 2020. This local growth pace is slower compared to Arkansas state, where values rose from $111,400 to $162,400, and the national level, where values surged from $125,500 to $179,400 in the same period. Investors and potential homebuyers might find Sharp County an affordable alternative amidst broader market acceleration.
Residential Energy Tax Credit Per Tax Return in Sharp County, AR Over the Last 8 Years
Over the last eight years, Sharp County, Arkansas has seen a notable fluctuation in the average residential energy tax credit per tax return. Starting at $362.50 in 2013, there was a dip to around $257.14 during 2014 and 2015, with incremental increases leading to a peak of $1,200.00 in 2021. Sharp fluctuations and a tripling of the credit in the past year hint at significant investments in energy efficiency or renewable energy initiatives, making this a prime time for investors and residents interested in sustainable living and potential tax benefits.
Average Real Estate Taxes Per Tax Return in Sharp County, AR Over the Last 10 Years
Sharp County, Arkansas has shown a notable rise in average real estate taxes per tax return over the past decade, increasing from around $982.28 in 2012 to approximately $1,893.75 in 2021. Peaks were seen in 2018 and 2019, with averages hitting $1,735.29 and $1,862.50 respectively. While the rates dipped slightly in 2021 from the previous year, the overall trajectory suggests a growing tax burden for property owners. This trend could potentially influence decisions on real estate investments, new property developments, and relocations within the area.
Percentage of Farm Returns in Sharp County, AR Over the Last 10 Years
Sharp County, Arkansas has experienced minor fluctuations in the percentage of farm tax returns over the last decade, maintaining a range between approximately 8.83% and 10.27%. This data is a snapshot into the agricultural activity in the area, indicating a relatively stable farming presence with slight ebbs and flows. For investors, builders, or potential residents, such consistency in farm tax returns could imply steady agricultural productivity and community reliance on farming. It provides a basis for assessing the economic stability and viability of investment in local agricultural ventures and properties.
Number of Mortgages by Occupancy Type in Sharp County, AR Over the Last 5 Years in Sharp County
Over the last five years, Sharp County, Arkansas, has seen fluctuations in mortgage patterns across different occupancy types. Principal residences consistently dominate the mortgage market, though there was a notable dip from 841 in 2021 to 743 in 2022. Investment properties and second residences show more stability but at significantly lower numbers. Understanding these trends is crucial for investors, as high numbers of principal residence mortgages might indicate strong local demand and stability. For those moving in, building, or involved in real estate, tracking how these numbers change could give insights into market conditions and potential opportunities for both living and investment purposes. Appraisers and insurance agents could use this data to better assess property values and risks.
Economic Outlook
Sharp County, Arkansas has experienced a consistent increase in average taxable income per tax return from $35,327.71 in 2013 to $45,835.58 in 2021, indicating a strengthening local economy that could attract investors and new residents. The area has also seen a rise in average state and local income taxes per tax return, jumping from $4,198.75 in 2012 to $9,892.86 in 2021, with a particularly sharp increase post-2017. This suggests a growing tax liability that potential residents should... Read more
Average Taxable Income per Tax Return in Sharp County, AR over the last 9 years
Sharp County, AR has seen a consistent upward trend in average taxable income per tax return over the last nine years. From $35,327.71 in 2013 to $45,835.58 in 2021, the area has shown a significant increase, reflecting a positive economic shift that may attract investors and new residents. This growth in taxable income can indicate a strengthening local economy and potential for future development, making it an attractive location for those looking to build property or start businesses.
Average State and Local Income Taxes Per Tax Return in Sharp County, AR Over the Last 10 Years
Over the last decade, Sharp County, AR has seen a significant increase in the average state and local income taxes per tax return, starting at $4,198.75 in 2012 and escalating to $9,892.86 in 2021. This upward trend, particularly sharp post-2017 where the figure jumped from $5,188.89 to $7,568.75 within a year, suggests rising tax liabilities which are critical for potential residents to consider.
Average Total Tax Liability Per Tax Return in Sharp County, AR Over the Last 10 Years
Average total tax liability per tax return in Sharp County, Arkansas has seen a notable upward trajectory over the past decade, increasing from $4,175.35 in 2012 to $5,877.28 in 2021. The most significant jumps are observed around 2014 and 2020, with liabilities of $4,674.65 and $5,400.23, respectively. This steady climb in tax liability reflects changing economic conditions and possibly higher earnings, which matters for potential investors and residents considering the long-term financial landscape.
Cost of Living in Sharp County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $879 | $1,307 | $1,862 | $966 | $927 |
| 1 adult 4 children | $879 | $1,067 | $1,425 | $966 | $1,040 |
| 2 adults 3 children | $879 | $1,068 | $1,616 | $966 | $731 |
| 1 adult 3 children | $879 | $872 | $1,178 | $966 | $773 |
| 2 adults 2 children | $720 | $874 | $1,369 | $839 | $658 |
| 1 adult 2 children | $720 | $653 | $931 | $839 | $605 |
| 2 adults 1 child | $720 | $691 | $1,122 | $426 | $627 |
| 1 adult 1 child | $720 | $446 | $684 | $426 | $542 |
| 2 adults | $571 | $555 | $875 | $0 | $521 |
| 1 adult | $525 | $303 | $438 | $0 | $480 |
Safety trends & Data
Sharp County, Arkansas has seen notable fluctuations in property crime over the last five years. Larceny-theft incidents peaked at 30 in 2019 but dropped to 5 by 2022, while burglaries peaked at 7 in 2020 and settled at 4 for 2021 and 2022. Vandalism remained relatively steady, averaging around 4 incidents annually. Sporadic activity in fraud, motor vehicle theft, and forgery could indicate evolving security dynamics that may influence property values, presenting an interesting factor for... Read more
Property Crime Trends in Sharp County, AR Over the Last 5 Years
Sharp County, Arkansas has experienced significant fluctuations in property crime over the last five years. Larceny-theft incidents spiked notably in 2019 with 30 reported cases before declining to just 5 in 2022. Burglary numbers varied, peaking at 7 in 2020 but decreasing to 4 in both 2021 and 2022. Meanwhile, vandalism cases remained relatively steady with slight variations, averaging around 4 incidents annually. Instances of fraud showed intermittent activity, while other categories like motor vehicle theft and forgery exhibited sporadic occurrences. Investors, homebuyers, and professionals in real estate or insurance might find these trends indicative of changing security dynamics and potential influences on property values.
Demographics
Sharp County, Arkansas, has an intriguing demographic profile where females slightly outnumber males. A considerable portion of the adult population has achieved at least a high school diploma, yet the presence of higher educational attainment, like bachelor’s and graduate degrees, is notably less. The age distribution leans heavily towards older adults, particularly those aged 55 and over, implying a potentially aging community. Racially, the county is predominantly White with minimal... Read more
Race Distribution in Sharp County, Arkansas (2022)
Educational Attainment in Sharp County, Arkansas (2022)
Age Distribution in Sharp County, Arkansas
Citizen Population in Sharp County, Arkansas (2022)
Political Trends & Data
In Sharp County, Arkansas, the 2020 U.S. Presidential Election results hint at a strong conservative inclination, with 78.5% of votes favoring the Republican party. The Democratic party trails significantly with about 18.5%, while minor parties like the Libertarian and Green parties hardly make a dent, each barely achieving 1%. This notable political divide could suggest a stable conservative voter base, impacting future local and national political strategies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sharp County, Arkansas, the 2020 U.S. Presidential Election results suggest that Republican support might be significantly higher than for other parties, with nearly 78.5% of votes. The Democratic vote, by contrast, potentially stands at around 18.5%, showing a marked disparity. Minor parties such as the Libertarian and Green parties appear to gain minimal traction, each capturing less than 1% of the vote, while "Other" candidates collectively gather just under 2%. These trends could indicate a strong conservative leaning within the county.
78.48% of voters voted for the Republican party in the 2020 Presidential Election
18.48% of voters voted for the Democrat party in the 2020 Presidential Election
0.69% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% 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
Over the last decade, Sharp County, Arkansas has seen a decline in the student-to-teacher ratio, dropping from about 12 students per teacher in 2014 to under 10 in 2023. This trend could suggest a more personalized education experience, potentially boosting property values and overall appeal. For investors, real estate agents, and families, the smaller class sizes might be a significant draw. Appraisers and insurance agents might also consider this when evaluating properties and setting... Read more
Student-to-teacher ratio in Sharp County, Arkansas over the last 10 years
Over the last decade, the student-to-teacher ratio in Sharp County, Arkansas has displayed a steady decline, moving from about 12 students per teacher in 2014 to under 10 in 2023. This trend is noteworthy for potential investors, real estate agents, and families considering relocation, as smaller class sizes might indicate a more personalized education experience, which can enhance property values and the overall appeal of the area. For appraisers and insurance agents, understanding these dynamics can impact property evaluations and insurance premiums, especially when compared to the national average of 14 students per teacher. Builders and developers may see this as an opportunity to market new properties to families prioritizing education.
