Yell County Real Estate and Livability Trends
In Yell County, Arkansas, rising average taxable incomes from $38,232.12 in 2013 to $49,345.36 in 2021 hint at economic growth, while increasing state and local income taxes, doubling from $5002.02 in 2012 to $9616.67 in 2021, suggest shifts in economic policies. Median home values have grown from $94,900 in 2015 to $128,400 in 2022, pointing to moderate appreciation that balances affordability... Read more
Yell County Market Trends
Over the past eight years, Yell County, Arkansas has experienced a steady rise in median home values, reaching $128,400 by 2022 from $94,900 in 2015. This growth is moderate compared to the state and national trends, suggesting a balance between rising values and affordability, potentially appealing to investors and homebuyers. The county has also seen significant fluctuations in residential... Read more
Median Value of Occupied Housing Units in Yell County, Arkansas Over the Last 8 Years
Over the past eight years, Yell County, Arkansas, has seen steady growth in median home values, culminating in $128,400 by 2022. This rise, from $94,900 in 2015, is particularly interesting when compared to the state and national trends. While Arkansas overall saw home values climb to $162,400 in 2022, and the national median soared to $179,400, Yell County's more moderate increases might be a draw for investors or homebuyers looking for affordability within stable growth. For those considering Yell County, these trends could suggest an attractive balance between rising values and cost-effectiveness.
Residential Energy Tax Credit Per Tax Return in Yell County, AR Over the Last 8 Years
Yell County, Arkansas, has seen notable fluctuations in residential energy tax credits per tax return over the last eight years. Starting modestly at around $354.55 in 2013, the credit value experienced a major surge by 2017, peaking at $1,533.33. Despite a dip in 2019 down to $1,125.00, it rebounded to $1,640.00 by 2021. These changes suggest periods of increased homeowner investment in energy-efficient improvements, potentially driven by state or federal incentives, making Yell County an increasingly attractive location for sustainable living and energy-conscious investments.
Average Real Estate Taxes Per Tax Return in Yell County, AR Over the Last 10 Years
Yell County, Arkansas has seen a notable rise in average real estate taxes per tax return over the past decade, peaking at $1,910.53 in 2019 from a low of $1,107.78 in 2012. The steep increase in 2018 and 2019 particularly stands out, potentially reflecting broader economic or legislative changes impacting property values or tax rates. This trend might imply increasing property valuations or higher budgetary demands, affecting both current and prospective homeowners.
Percentage of Farm Returns in Yell County, AR Over the Last 10 Years
Farm tax returns in Yell County, Arkansas have shown a slight downward trend over the past decade, starting at around 8.62% in 2012 and dropping to approximately 8.07% by 2021. There are small fluctuations, such as a slight rise in 2017 to about 8.47%, but the overall pattern suggests a gradual decrease. This can be significant for potential investors or those looking to build property, as it may reflect evolving agricultural dynamics and economic shifts in the region. Farm tax returns generally indicate the financial performance of farming activities, and such trends can offer insights into the local agricultural economy’s health and sustainability.
Number of Mortgages by Occupancy Type in Yell County, AR Over the Last 5 Years in Yell County
Yell County, Arkansas has seen fluctuations in mortgage counts over the last five years, with a notable dominance in mortgages for principal residences compared to investment and second residences. The number of mortgages for principal residences spiked significantly in 2021, reaching 913, while investment properties and second residences remained relatively stable with minor variances. These shifts suggest a growing preference for residing in the area rather than investing or purchasing vacation homes, which could be a key indicator for investors, appraisers, and real estate agents assessing the viability of new developments or market dynamics. Understanding these trends allows insurance agents to estimate potential liabilities and builders to align property types with market demands, thus ensuring more strategic decision-making.
Economic Outlook
Yell County, Arkansas has shown a steady increase in average taxable income per tax return, rising from $38,232.12 in 2013 to $49,345.36 in 2021, hinting at significant economic growth. Concurrently, state and local income taxes have more than doubled, from $5002.02 in 2012 to $9616.67 in 2021, suggesting shifts in economic policies or rising income levels. The total tax liability has similarly increased, from $4,661.21 in 2012 to $5,923.03 in 2021, which might point to an increasingly... Read more
Average Taxable Income per Tax Return in Yell County, AR over the last 9 years
Over the past nine years, Yell County, AR has experienced a consistent increase in average taxable income per tax return, climbing from $38,232.12 in 2013 to $49,345.36 in 2021. This upward trend in income reflects a robust economic growth in the area, making it an attractive proposition for investors and new residents seeking opportunities in a thriving, financially sound community. The significant jump seen in 2021 suggests recent economic catalysts that may continue to drive prosperity in the county.
Average State and Local Income Taxes Per Tax Return in Yell County, AR Over the Last 10 Years
Over the past decade, Yell County, AR has experienced a significant increase in the average state and local income taxes per tax return, rising from $5002.02 in 2012 to $9616.67 in 2021. Notable spikes occurred in 2018 and 2019, with averages reaching $7640.00 and $9261.11, respectively. This trend may indicate evolving economic policies or changes in income levels regionally, impacting household finances for current and prospective residents.
Average Total Tax Liability Per Tax Return in Yell County, AR Over the Last 10 Years
Yell County, Arkansas has seen a general upward trend in the average total tax liability per tax return over the past decade, with a notable increase from $4,661.21 in 2012 to $5,923.03 in 2021. This rise can be indicative of several factors, including economic growth, increased incomes, or changes in tax policies affecting the county. For potential investors, home builders, or those thinking of moving to Yell County, this trend underscores a potential for rising incomes and possibly a strengthening local economy. The higher tax liabilities might also reflect an increasingly prosperous community, making it a promising location for various opportunities.
Cost of Living in Yell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $964 | $1,259 | $1,862 | $966 | $970 |
| 1 adult 4 children | $964 | $1,028 | $1,425 | $966 | $1,111 |
| 2 adults 3 children | $964 | $1,028 | $1,616 | $966 | $770 |
| 1 adult 3 children | $964 | $839 | $1,178 | $966 | $832 |
| 2 adults 2 children | $720 | $842 | $1,369 | $839 | $668 |
| 1 adult 2 children | $720 | $629 | $931 | $839 | $624 |
| 2 adults 1 child | $720 | $665 | $1,122 | $426 | $642 |
| 1 adult 1 child | $720 | $430 | $684 | $426 | $565 |
| 2 adults | $574 | $534 | $875 | $0 | $539 |
| 1 adult | $539 | $292 | $438 | $0 | $511 |
Safety trends & Data
Property crime trends in Yell County, Arkansas suggest a promising decline in burglary incidences, from 16.00 in 2018 to just 4.00 in 2022. However, larceny-theft has been erratic, peaking at 23.00 in 2019 and surging again in 2022 with 21.00 cases. Notably, forgery spiked in 2022 with 8.00 occurrences, showing a need for adaptive crime prevention efforts. These shifts could subtly influence property values, insurance rates, and the overall dynamics of the real estate market in Yell... Read more
Property Crime Trends in Yell County, AR Over the Last 5 Years
Tracking property crime trends in Yell County, Arkansas over the last five years highlights fluctuations but generally shows a marked decline in burglary incidences, dropping from 16.00 in 2018 to 4.00 in 2022. Larceny-theft cases have been inconsistent yet remain a significant contributor, peaking at 23.00 in 2019. Motor vehicle thefts and fraud cases have stayed relatively low and stable, while Vandalism has shown notable variability. The data suggests Yell County's crime interventions may require ongoing adaptation to specifically address rising issues like larceny and forgery, which spiked notably in 2022 with 21.00 and 8.00 occurrences, respectively. These trends could impact investment decisions, with potential implications for property valuations, insurance premiums, and real estate market dynamics.
Demographics
In Yell County, Arkansas, a nearly equal gender distribution is seen with both male and female populations hovering around 7,060. Educational attainment appears concentrated at the high school level, with very few residents holding graduate or professional degrees. Age-wise, the population skews slightly older, as notable segments fall into age brackets above 45 years. The racial composition is predominantly White, with a significant portion identifying with some other race, and minimal... Read more
Race Distribution in Yell County, Arkansas (2022)
Educational Attainment in Yell County, Arkansas (2022)
Age Distribution in Yell County, Arkansas
Citizen Population in Yell County, Arkansas (2022)
Political Trends & Data
In Yell County, Arkansas, real estate trends might be shaped by its predominantly conservative leanings, with Republican candidates historically securing nearly 78% of the votes. This political climate could influence local policies and community development, potentially making the area more appealing to buyers who align with these values. Democrats, securing just around 19% of the vote, and minimal presence from other parties, underscore the county's strong GOP... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Yell County, Arkansas, the data might suggest a strong preference towards Republican candidates, with nearly 78% of the votes. Democrats trailed significantly, securing just around 19%, while other parties like Libertarian and Green had a minimal presence. The voting patterns could indicate a predominantly conservative leaning within this county.
77.53% of voters voted for the Republican party in the 2020 Presidential Election
19.05% 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
0.21% of voters voted for the Green party in the 2020 Presidential Election
2.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Yell County, Arkansas has seen a steady drop in its student-to-teacher ratio, going from 13 students per teacher in 2014 to just over 10 in 2023. Smaller class sizes might attract families looking for more personalized education. This trend could signal a draw for homebuyers and possibly influence school funding, property values, and risk assessments. Compared to the U.S. average of 14 students per teacher, Yell County’s lower ratio potentially offers a more appealing... Read more
Student-to-teacher ratio in Yell County, Arkansas over the last 10 years
Over the last decade, Yell County, Arkansas has seen a consistent decrease in the student-to-teacher ratio, dropping from 13 students per teacher in 2014 to just over 10 in 2023. This trend suggests smaller class sizes, which might appeal to families prioritizing individualized attention for their children. For real estate agents and investors, this shift could signal a potential draw for homebuyers looking for quality education environments. Education professionals, appraisers, and insurance agents might also find this trend worth noting as it could influence school funding, property values, and risk assessments. Comparing this to the U.S. national average of 14 students per teacher, Yell County’s lower ratio potentially offers a more attractive educational setting.
