Sedgwick County Market Trends
Median Value of Occupied Housing Units in Sedgwick County, Colorado Over the Last 8 Years
Sedgwick County, Colorado has seen its median home values grow substantially over the last 8 years, rising from $86,800 in 2015 to $136,000 in 2022. This growth signals a strong local market, although it remains significantly more affordable compared to the state of Colorado, where median home values surged from $247,800 to $465,900 in the same timeframe. This makes Sedgwick County an increasingly attractive option for those seeking affordability within a state where home prices are rising swiftly. National trends show a more moderate increase from $125,500 to $179,400, placing Sedgwick County well below both state and national medians, which could be compelling for potential buyers or investors targeting cost-effective areas with promising growth potential.
Residential Energy Tax Credit Per Tax Return in Sedgwick County, CO Over the Last 2 Years
Sedgwick County, Colorado has seen a notable increase in the average residential energy tax credit per tax return, rising from $250.00 in 2014 to $300.00 in 2016. This upward trend highlights the county's growing commitment to energy-efficient initiatives and makes it an attractive location for environmentally conscious investors and potential homeowners.
Average Real Estate Taxes Per Tax Return in Sedgwick County, CO Over the Last 7 Years
Real estate taxes in Sedgwick County, Colorado have shown a notable increase over the past seven years. From $863.64 in 2012, the average real estate taxes per tax return saw fluctuations but ended with a sharp rise to $1,400.00 in 2019. Potential property investors and residents might find this trend indicative of increasing county revenue needs or rising property values, making it a critical factor to consider when budgeting for long-term expenses in this region.
Percentage of Farm Returns in Sedgwick County, CO Over the Last 10 Years
Over the past 10 years, the percentage of farm returns in Sedgwick County, Colorado has experienced some fluctuations, seeing a high of approximately 15.45% in 2012 and a low of roughly 11.01% in 2019. Farm tax returns are critical indicators of agricultural activity and economic health in a rural county like Sedgwick, directly affecting local land values, property investments, and community growth. Potential investors or new residents might find value in understanding these trends as they could reflect broader economic patterns, market stability, and the viability of agribusiness in the area.
Number of Mortgages by Occupancy Type in Sedgwick County, CO Over the Last 5 Years in Sedgwick County
In Sedgwick County, Colorado, over the last five years, there has been a notable fluctuation in the number of mortgages by occupancy type. Principal residences consistently dominate mortgage activities, with significant growth from 73 in 2019 to 123 in 2021, though seeing a slight dip to 111 in 2022. Investment properties have seen a modest increase from 1 in 2018 to 7 in 2022. Second residences remain relatively low, peaking at 4 in 2020 but generally much lower numbers. Understanding these trends is critical for investors, realtors, and anyone looking to enter the property market in the area. Changes in the number of mortgages for different types of occupancy provide insights into market demand, potential rental income, and residential stability, impacting everything from home values to insurance premiums.
Economic Outlook
Average Taxable Income per Tax Return in Sedgwick County, CO over the last 9 years
Over the past nine years, Sedgwick County, CO has experienced fluctuations in average taxable income per tax return, starting at $46,200.93 in 2013 and dipping to a low of $40,091.43 by 2017. However, there's been a notable rebound post-2017, with incomes rising consistently, reaching $46,967.29 in 2021. This trend signifies a potential for economic recovery and growth, making it an intriguing option for investors and potential residents looking for upward momentum in local economic conditions.
Average State and Local Income Taxes Per Tax Return in Sedgwick County, CO Over the Last 6 Years
Over the past six years, Sedgwick County, CO has experienced notable fluctuations in average state and local income taxes per tax return. After peaking at $6,755.56 in 2014, the amount saw a significant drop, bottoming out at $3,755.56 in 2016, before rebounding to $5,066.67 in 2017. These variations indicate economic shifts that could impact both long-term residents and potential movers when considering financial planning and local economic stability.
Average Total Tax Liability Per Tax Return in Sedgwick County, CO Over the Last 10 Years
Over the last decade, Sedgwick County, Colorado has seen a noticeable decline in the average total tax liability per tax return, dropping from $7,602.56 in 2012 to $6,086.59 in 2021. This trend indicates a significant decrease in taxpayers' financial burdens, which could be an enticing factor for potential investors and newcomers looking for fiscal relief. The sharp decline in the mid-2010s suggests changing economic conditions or policy shifts that could present opportunities or challenges for financial planning and real estate development in the area.
Cost of Living in Sedgwick County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,363 | $2,013 | $1,311 | $1,224 |
| 1 adult 4 children | $1,005 | $1,113 | $1,559 | $1,311 | $1,337 |
| 2 adults 3 children | $1,005 | $1,114 | $1,737 | $1,311 | $992 |
| 1 adult 3 children | $1,005 | $909 | $1,283 | $1,311 | $1,076 |
| 2 adults 2 children | $826 | $912 | $1,461 | $1,136 | $865 |
| 1 adult 2 children | $826 | $681 | $1,007 | $1,136 | $831 |
| 2 adults 1 child | $826 | $721 | $1,185 | $566 | $768 |
| 1 adult 1 child | $826 | $465 | $731 | $566 | $628 |
| 2 adults | $731 | $579 | $909 | $0 | $627 |
| 1 adult | $678 | $316 | $455 | $0 | $545 |
Demographics
Sedgwick County, Colorado shows a relatively balanced gender distribution between males and females. Educational attainment reveals a majority with high school diplomas or some college experience, while a smaller but notable portion have bachelor's or graduate degrees. The age demographic skews older, with significant populations in the 55-64 and 65-74 age brackets, which might suggest resources and services catering to older adults could be crucial. Racially, the county is overwhelmingly... Read more
Race Distribution in Sedgwick County, Colorado (2022)
Educational Attainment in Sedgwick County, Colorado (2022)
Age Distribution in Sedgwick County, Colorado
Citizen Population in Sedgwick County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sedgwick County, Colorado, seemed to lean significantly toward the Republican side in the 2020 U.S. Presidential Election, with about 77.5% of the votes. Democrats captured a smaller portion, around 20.8%, while smaller parties like the Libertarians and Greens received minimal support. This trend might indicate a predominantly conservative voter base in the area, reflecting wider regional political inclinations.
77.52% of voters voted for the Republican party in the 2020 Presidential Election
20.82% of voters voted for the Democrat party in the 2020 Presidential Election
0.55% of voters voted for the Livertarian party in the 2020 Presidential Election
0.07% of voters voted for the Green party in the 2020 Presidential Election
1.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Sedgwick County, Colorado over the last 10 years
Over the last 10 years, the student-to-teacher ratio in Sedgwick County, Colorado shows notable fluctuations, generally trending below the national average of fourteen students per teacher. In 2021, the ratio dipped to an unprecedented low of eleven students per teacher, indicating potentially smaller class sizes and perhaps more individualized attention. However, by 2023, the ratio has risen to thirteen students per teacher, still below the national average but higher than a few years ago. For investors, real estate agents, and those looking to move into the area, these changes could influence decisions as they reflect the evolving educational environment, potentially impacting property values and family-oriented community appeal.
