Wilcox County experiences significant increase in homeownership over four years, study reveals

Wilcox County experiences significant increase in homeownership over four years, study reveals

Posted by Jan McDonald September 20, 2024

According to a recent study conducted by TurboDebt, Wilcox County has experienced the most significant surge in home ownership in the past four years.

Josh Stomel, Co-founder of TurboDebt, emphasizes the importance of not only celebrating the growth in homeownership rates due to economic recovery and state initiatives in various counties but also acknowledging and addressing the challenges faced by regions experiencing declines.

The top performers in home ownership were:

  • Wilcox’s percentage stands at 14%.
  • Monroe accounted for 11% of the total.

The five counties at the bottom of the performance ranking were:

  • Bullock: Down by 11%
  • Perry’s performance decreased by 3%.
  • Marengo experiences a decrease of 3%.
  • Montgomery experiences a decrease of 2% in the given period.

Stomel emphasized the importance of making homeownership more accessible in light of the high cost of living in urban areas.

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Jan McDonald
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Jan McDonald – Managing Partner Originally from Baton Rouge, Louisiana, Jan McDonald relocated to the Demopolis area in 1991. Over the years, she has built an extensive career as a journalist and freelance writer, contributing her talents to various news outlets across Louisiana, Wisconsin, and Alabama. With her wealth of experience in journalism, Jan has honed her skills in reporting, writing, and storytelling, making her a versatile and respected voice in the field. As Managing Partner of The Watchman, Jan plays a crucial role in overseeing and producing editorial content for the publication. Her responsibilities include curating stories, ensuring high-quality journalism, and managing the day-to-day operations of the editorial team. Jan's dedication to maintaining the integrity of The Watchman's reporting, combined with her deep connection to the community, allows her to guide the publication with both passion and expertise.