Bourbon County Real Estate and Livability Trends
Bourbon County, Kansas has seen its median home values rise from $81,400.00 in 2015 to $95,600.00 in 2022, still trailing state and national averages. This trend might attract investors seeking affordable entry points. Notably, energy tax credits spiked to $1,133.33 in 2019, suggesting a push towards energy-efficient upgrades. Real estate taxes, peaking at $4,068.75 in 2019, may deter... Read more
Bourbon County Market Trends
Bourbon County, Kansas, has seen its median home values inch up from $81,400.00 in 2015 to $95,600.00 in 2022, although still lagging behind Kansas and national averages. The recent rise might appeal to investors eyeing more affordable entry points. Energy tax credits jumped notably, peaking at $1,133.33 in 2019, suggesting a growing trend in energy-efficient upgrades, influencing property values... Read more
Median Value of Occupied Housing Units in Bourbon County, Kansas Over the Last 8 Years
Bourbon County, Kansas, has seen a fairly steady increase in median home values over the past eight years, jumping from $81,400.00 in 2015 to $95,600.00 in 2022. This local market still trails behind the state of Kansas and the national averages, which were $189,300.00 and $179,400.00 respectively in 2022. For potential investors or individuals considering a move, this disparity might offer more affordable entry points compared to broader markets, with the recent uptick suggesting growing investment interest locally.
Residential Energy Tax Credit Per Tax Return in Bourbon County, KS Over the Last 8 Years
Bourbon County, Kansas, has experienced notable fluctuations in the average residential energy tax credit per tax return over the past eight years. Notably, the figures surged from $225.00 in 2014 to a high of $1,133.33 in 2019, before settling at $880.00 in 2021. This trend could indicate growing investments in energy-efficient home upgrades, likely boosted by favorable tax incentives. For potential property investors and real estate agents, this suggests a market increasingly focused on sustainability, which might influence property values and appeal. Insurance agents and appraisers should consider these energy upgrades when assessing properties, as they can impact both risk profiles and valuations.
Average Real Estate Taxes Per Tax Return in Bourbon County, KS Over the Last 10 Years
In Bourbon County, Kansas, the average real estate taxes per tax return have seen a notable upward trajectory over the past decade, peaking at $4,068.75 in 2019 before slightly declining to $3,513.33 in 2021. This trend suggests increasing property values or tax rates, making the area potentially less attractive for budget-conscious investors and homebuyers. Conversely, existing homeowners may be concerned about rising tax obligations despite recent minor reductions. These financial shifts are crucial for real estate agents, appraisers, and insurance agents to monitor as they directly influence market dynamics and property valuations.
Percentage of Farm Returns in Bourbon County, KS Over the Last 10 Years
Over the past decade, Bourbon County, Kansas has seen relatively stable trends in the percentage of farm tax returns, hovering around 11.40%. Peak years included 2012 and 2014 with around 11.41% and 11.54% respectively, while a notable dip occurred in 2020, dropping to approximately 9.86%. Despite slight fluctuations, the farm tax return percentage has generally remained close to the 10% to 11% range, indicating some level of consistency and potential sustainability. This historical data might suggest reasonably steady agricultural activity, a possible factor of interest for anyone considering investing in or moving to the rural parts of Bourbon County.
Number of Mortgages by Occupancy Type in Bourbon County, KS Over the Last 5 Years in Bourbon County
Over the past five years, Bourbon County, Kansas has seen distinct trends in mortgage counts based on occupancy types. There appears to be a general decline in principal residence mortgages, which could suggest shifts in population or changing economic conditions. Investment property mortgages have fluctuated but remain relatively low, potentially indicating limited investment opportunities or stable rental markets. Second residence mortgages have consistently stayed low, hinting at perhaps less demand for vacation homes in the area. These variations in occupancy types can influence property values and market dynamics, offering key insights for investors, real estate agents, insurance agents, and appraisers when making data-driven decisions.
Economic Outlook
Bourbon County, Kansas has shown an upward trajectory in average taxable income, peaking at $49,474.92 in 2021, which might point to enhancing economic opportunities or rising wages. The county's state and local income taxes have been quite variable, with a dramatic peak of $8,592.31 in 2019 and a notable $7,638.46 in 2021, reflecting possible regulatory changes or economic factors at play. Average total tax liability has also increased, peaking at $6,513.10 in 2021, suggesting economic growth... Read more
Average Taxable Income per Tax Return in Bourbon County, KS over the last 9 years
The average taxable income per tax return in Bourbon County, Kansas suggests a generally upward trajectory over the last nine years, with a noticeable spike in 2021 reaching $49,474.92. This could hint at enhancing economic opportunities or increased wages, making the area potentially attractive for investors and new residents. However, minor declines, such as in 2020, indicate some volatility that might require cautious optimism for long-term planning.
Average State and Local Income Taxes Per Tax Return in Bourbon County, KS Over the Last 10 Years
Bourbon County, Kansas has seen a rollercoaster of state and local income taxes per tax return over the past decade. While taxes peaked dramatically in 2019 at $8,592.31, they have since fluctuated but remain substantially higher than earlier years, with $7,638.46 in 2021. This volatility could indicate regulatory changes or economic factors impacting the region, making it essential for investors and residents to stay informed about financial trends when planning their financial strategies or considering property investments.
Average Total Tax Liability Per Tax Return in Bourbon County, KS Over the Last 10 Years
Over the past decade, Bourbon County, Kansas has seen fluctuations in average total tax liability per tax return, with a notable increase peaking at $6,513.10 in 2021. This trend could indicate economic growth or changes in taxation policies impacting residents and potential investors. For those considering moving or investing in Bourbon County, it’s important to factor in these shifts as they may reflect broader economic trends influencing the region's financial landscape.
Cost of Living in Bourbon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,035 | $1,448 | $2,065 | $966 | $1,120 |
| 1 adult 4 children | $1,035 | $1,182 | $1,581 | $966 | $1,200 |
| 2 adults 3 children | $1,035 | $1,183 | $1,791 | $966 | $888 |
| 1 adult 3 children | $1,035 | $966 | $1,307 | $966 | $943 |
| 2 adults 2 children | $816 | $968 | $1,517 | $837 | $782 |
| 1 adult 2 children | $816 | $723 | $1,033 | $837 | $689 |
| 2 adults 1 child | $816 | $765 | $1,243 | $419 | $722 |
| 1 adult 1 child | $816 | $494 | $759 | $419 | $599 |
| 2 adults | $620 | $615 | $969 | $0 | $618 |
| 1 adult | $546 | $335 | $485 | $0 | $524 |
Safety trends & Data
Property crime in Bourbon County, Kansas shows some fluctuations over the past five years, particularly with larceny-theft, which spiked in 2019 and 2022, climaxing at 19 incidents. Vandalism had a significant rise in 2020 and remained stable yet high afterward, while burglary also saw a notable peak in 2022. Motor vehicle theft, although lower, persists consistently. These trends may inform investors and property developers about areas needing enhanced security measures, potentially... Read more
Property Crime Trends in Bourbon County, KS Over the Last 5 Years
Property crime trends in Bourbon County, Kansas reveal some fluctuations over the past five years. Larceny-theft appears to be the most prevalent issue, spiking notably in 2019 and again in 2022, which climaxes at 19 reported incidents. Vandalism also shows an inconsistent pattern, with a significant rise in 2020 followed by stable yet high numbers in subsequent years. Burglary sees an interesting peak in 2022, highlighting a potential area of concern while motor vehicle theft, although lower, persists consistently. These trends can inform investors, property developers, and residents about areas needing enhanced security measures and may influence property valuation and insurance considerations.
Demographics
In Bourbon County, Kansas, there seems to be a slight gender imbalance with females outnumbering males. Educational attainment indicates a sizable portion of the population may only have a high school diploma or some college experience, with fewer pursuing higher degrees. Age distribution likely shows a relatively balanced spread across various age groups, but older adults (55 and up) might be more prominent. Racially, the county appears predominantly White, with very few residents identifying... Read more
Race Distribution in Bourbon County, Kansas (2022)
Educational Attainment in Bourbon County, Kansas (2022)
Age Distribution in Bourbon County, Kansas
Citizen Population in Bourbon County, Kansas (2022)
Political Trends & Data
Bourbon County, Kansas, showed a decisive Republican preference in the 2020 U.S. Presidential Election, with around 75% of the votes supporting the Republican candidate and only about 23% favoring the Democrat. This strong conservative inclination might hint at broader local alignment with Kansas's political trends, possibly impacting community planning and development in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bourbon County, Kansas, leaned heavily Republican in the 2020 U.S. Presidential Election, with a significant portion of votes, approximately 75%, going to the Republican candidate. Democrats garnered about 23% of the vote, while Libertarian support was a minor 1.7%. This trend reflects a strong conservative preference in the county, possibly indicating a local alignment with Kansas's broader political landscape.
75.24% of voters voted for the Republican party in the 2020 Presidential Election
23.08% of voters voted for the Democrat party in the 2020 Presidential Election
1.68% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Bourbon County, Kansas has had a steady student-to-teacher ratio of around 12 to 13 students per teacher over the past decade, lower than the national average of 14. This might suggest a favorable education environment due to more individualized attention for students. This could be a strong selling point for real estate agents marketing properties to families, and it might influence appraisers and insurance agents in their assessments. Builders and developers might also see this as a sign of... Read more
Student-to-teacher ratio in Bourbon County, Kansas over the last 10 years
Bourbon County, Kansas has maintained a relatively steady student-to-teacher ratio over the past decade, largely hovering around 12 to 13 students per teacher. This ratio has consistently been below the national average of 14 students per teacher, indicating potentially more individualized attention for students in this area. For investors or those looking to move, a lower student-to-teacher ratio might suggest a favorable education environment, which could be an appealing factor. For real estate agents, this could be a strong selling point when marketing properties to families. Additionally, appraisers and insurance agents might consider the quality of local education as part of their assessments, while builders and developers could view this as an indicator of community strength, potentially impacting future developments in the county.
