Chase County Real Estate and Livability Trends
Chase County, Kansas has demonstrated a steady rise in average taxable income, peaking at approximately $63,538.79 in 2021, and a notable jump in tax liability per return from $6,560.44 in 2017 to over $8,300.00 in 2020, highlighting a dynamic economic landscape. The median home values grew slowly from $76,600 in 2015 to $108,300 in 2022, while real estate taxes more than doubled from $2,342.11... Read more
Chase County Market Trends
Chase County, Kansas has seen slower growth in median home values, from $76,600 in 2015 to $108,300 in 2022, compared to statewide and national rates. Real estate taxes have climbed significantly, from $2,342.11 in 2012 to $4,033.33 in 2019, signaling potentially higher investment returns but also likely increased property values. Energy tax credits have dropped from $350.00 in 2014 to $250.00 in... Read more
Median Value of Occupied Housing Units in Chase County, Kansas Over the Last 8 Years
Over the past eight years, Chase County, Kansas has seen a rise in median home values from $76,600 in 2015 to $108,300 in 2022, reflecting a slower growth rate compared to Kansas statewide and national levels. In contrast, Kansas as a whole saw an increase from $132,000 to $189,300, and the national median surged from $125,500 to $179,400 during the same period. This comparatively modest growth in Chase County might indicate more affordable housing options, potentially attracting buyers looking for lower investment thresholds in a more stable market. This also could suggest limited local economic acceleration relative to statewide and national trends.
Residential Energy Tax Credit Per Tax Return in Chase County, KS Over the Last 2 Years
Chase County, Kansas saw a decline in the average residential energy tax credit per tax return from $350.00 in 2014 to $250.00 in 2015. This downward trend could suggest reduced energy-efficient improvements or changes in tax policy affecting deductions. For real estate agents, investors, and property appraisers, this may indicate shifting priorities in home upgrades or altering market dynamics. For residents and those considering relocation, understanding these changes might help in making informed decisions regarding energy savings and property investments.
Average Real Estate Taxes Per Tax Return in Chase County, KS Over the Last 10 Years
Chase County, Kansas has experienced a significant upward trend in average real estate taxes per tax return over the last decade. Starting at $2,342.11 in 2012, taxes increased with some annual variations, peaking at $4,033.33 in 2019. The steady rise, with minor dips, suggests increasing property values or tax rates, indicating potential for significant return on investment for real estate buyers. This escalating trend may also impact insurance premiums and the assessments of property values, providing crucial insights for investors, real estate agents, and property developers in understanding the local market dynamics.
Percentage of Farm Returns in Chase County, KS Over the Last 10 Years
Over the last decade, the percentage of farms filing tax returns in Chase County, Kansas has consistently ranged around 17% to 18%. This slightly fluctuating yet steady trend in farm tax returns suggests a relatively stable agricultural economy in the area. For investors and new residents, this pattern might indicate reliable productivity and potential profitability in local agribusiness. Those considering property development could see farming as a consistent economic anchor. The farm tax returns reveal the relative health of the agricultural sector, crucial in understanding the broader economic landscape of Chase County.
Number of Mortgages by Occupancy Type in Chase County, KS Over the Last 5 Years in Chase County
In Chase County, Kansas, mortgage counts for principal residences have consistently been the highest over the last five years, peaking in 2021 with 67 loans. Investment property mortgages showed some variability, starting at 1 in 2018 and fluctuating slightly, reaching a high of 8 in 2019 before settling at 6 in 2022. Loans for second residences experienced minor changes, peaking at 10 in 2020 but otherwise remaining low. Understanding these trends in occupancy type can provide valuable insights for potential investors, developers, real estate agents, and appraisers. Higher numbers in principal residence mortgages may indicate a stable or growing population base preferring to live in the area, suggesting potential long-term stability in property values. Conversely, changes in investment property mortgages might reflect economic shifts or opportunities in rental and income-generating properties, raising points of interest for investors and developers looking at comprehensive returns. For insurance agents, these shifts might denote varying risk profiles based on occupancy types, influencing policy structures and premium calculations.
Economic Outlook
Chase County, Kansas has displayed a steady increase in average taxable income over the past nine years, peaking at around $63,538.79 in 2021. Alongside this, state and local income taxes have experienced significant fluctuations, with notable spikes in 2019 and 2020. The total tax liability per return also shows an upward trajectory, particularly jumping from $6,560.44 in 2017 to over $8,300.00 in 2020. These trends point to a dynamic economic environment, suggesting that potential investors... Read more
Average Taxable Income per Tax Return in Chase County, KS over the last 9 years
Over the past nine years, Chase County, Kansas has seen a general upward trend in average taxable income per tax return. While there was a slight dip in 2017 to approximately $45,995.83, the income figures have shown significant growth especially from 2018 onwards, peaking at roughly $63,538.79 in 2021. This rising trend suggests a potentially attractive area for investment, likely driven by economic factors yielding higher incomes for residents.
Average State and Local Income Taxes Per Tax Return in Chase County, KS Over the Last 10 Years
Chase County, Kansas has seen considerable fluctuations in average state and local income taxes per tax return over the past decade. Significant spikes occurred in 2019 and 2020, reaching $7,933.33 and $12,950.00 respectively, while earlier years like 2014 and 2015 reported much lower averages around $4,100.00 and $3,825.00. These erratic shifts suggest a dynamic economic environment, making it crucial for potential investors and residents to monitor these trends for better financial planning and investment decisions.
Average Total Tax Liability Per Tax Return in Chase County, KS Over the Last 10 Years
In Chase County, Kansas, the average total tax liability per tax return over the past decade has seen significant fluctuations, peaking at $9,029.41 in 2019. The liability generally trended upward, notably jumping from around $6,560.44 in 2017 to $7,174.12 in 2018 and further surging to over $8,300.00 in 2020. Investors or property developers may find these figures indicative of an evolving economic landscape, potentially impacting future investments and tax planning in this region.
Cost of Living in Chase County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $959 | $1,416 | $1,857 | $966 | $1,066 |
| 1 adult 4 children | $959 | $1,156 | $1,419 | $966 | $1,164 |
| 2 adults 3 children | $959 | $1,156 | $1,611 | $966 | $855 |
| 1 adult 3 children | $959 | $944 | $1,174 | $966 | $915 |
| 2 adults 2 children | $788 | $947 | $1,365 | $837 | $773 |
| 1 adult 2 children | $788 | $707 | $928 | $837 | $718 |
| 2 adults 1 child | $788 | $748 | $1,120 | $419 | $735 |
| 1 adult 1 child | $788 | $483 | $683 | $419 | $604 |
| 2 adults | $599 | $601 | $874 | $0 | $617 |
| 1 adult | $584 | $328 | $437 | $0 | $546 |
Safety trends & Data
Chase County, Kansas has kept property crime incidents low and relatively steady over recent years, with just one motor vehicle theft annually in 2018 and 2019. However, a slight uptick in crime variety occurred in 2022, with isolated incidents of larceny-theft and vandalism. Although the numbers remain minimal, the emergence of these different crimes might spark concerns about new risks among investors, insurers, and... Read more
Property Crime Trends in Chase County, KS Over the Last 3 Years
Chase County, Kansas has seen sparse yet diverse property crime incidents over the last three years, with motor vehicle thefts holding steady at one incident per year for 2018 and 2019. The data from 2022 introduces different crimes like larceny-theft and vandalism, each recording only one incident. Although the numbers are low, the variety of recent crimes may still raise concerns for potential investors, insurers, and residents about emerging risks in the area.
Demographics
In Chase County, Kansas, the adult population skews almost equally between males and females. When it comes to educational attainment, a significant portion only has a high school diploma or some college education, with fewer individuals holding advanced degrees. The age distribution reveals a relatively balanced spread across different age groups, although those aged 55 to 64 make up a slightly larger segment. The racial makeup is predominantly White, with very small representations from other... Read more
Race Distribution in Chase County, Kansas (2022)
Educational Attainment in Chase County, Kansas (2022)
Age Distribution in Chase County, Kansas
Citizen Population in Chase County, Kansas (2022)
Political Trends & Data
Chase County, Kansas, shows a significant Republican preference, with nearly 75% of the 2020 U.S. Presidential Election votes going to the Republican candidate. Democrats managed about 23% of the vote, while Libertarians received slightly over 1.5%. The Green Party and other minor parties had negligible impact, underscoring a strong Republican stronghold with limited... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Chase County, Kansas, leans strongly Republican, with nearly 75% of the vote in the 2020 U.S. Presidential Election going to the Republican candidate. Democrats garnered around 23%, while Libertarians received just over 1.5%. The Green Party and other parties had negligible or no representation. This indicates a significant Republican stronghold, with minimal competition from other parties.
75.32% of voters voted for the Republican party in the 2020 Presidential Election
23.14% of voters voted for the Democrat party in the 2020 Presidential Election
1.54% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Chase County, Kansas, has seen notable fluctuations in its student-to-teacher ratio over the past decade, ranging from 6 to 11 students per teacher. Years like 2015 and 2018 saw the ratio drop to as low as 6 or 7, possibly indicating smaller class sizes and more personalized attention, which could attract families prioritizing education. More recent ratios above 10 suggest larger class sizes, possibly affecting individual support and swaying decisions for those considering relocation. These... Read more
Student-to-teacher ratio in Chase County, Kansas over the last 10 years
The student-to-teacher ratio in Chase County, Kansas, ranged from 6 to 11 in the last decade, reflecting significant fluctuations compared to the U.S. national average of 14 students per teacher. Lower ratios during years like 2015 and 2018, where the ratio dipped to around 6 or 7, could indicate smaller class sizes, which might suggest more personalized attention to students, possibly enhancing educational outcomes. In contrast, the ratios reaching over 10 from 2020 onwards may imply larger class sizes, potentially impacting the level of individual student support. These dynamics in classroom density could influence decisions for those considering relocating for educational reasons, echoing through investment, appraisal, insurance, and real estate market trends in Chase County.
