Elk County Real Estate and Livability Trends
Elk County, Kansas, has experienced significant fluctuations in average taxable income and tax liabilities, swinging from a low of $38,375.44 in 2017 to $46,338.39 in 2021, suggesting economic challenges and recoveries. Real estate trends show median home values peaking at $57,400.00 in 2021 before a slight dip in 2022, contrasting with more consistent state and national growth. Property taxes... Read more
Elk County Market Trends
The median home values in Elk County, Kansas, peaked at $57,400.00 in 2021, only to dip slightly to $57,100.00 in 2022, deviating from the consistent increases seen in Kansas and nationally. Real estate taxes have shown a general upward trend, from $2016.67 in 2012 to $2500.00 in 2017, suggesting either rising property values or increased tax rates. The share of farm tax returns has remained... Read more
Median Value of Occupied Housing Units in Elk County, Kansas Over the Last 8 Years
Median home values in Elk County, Kansas have experienced fluctuations over the past eight years, peaking at $57,400.00 in 2021 before slightly decreasing to $57,100.00 in 2022. This local trend contrasts with broader state and national patterns, where values have shown consistent year-over-year increases. While Kansas saw a rise from $132,000.00 in 2015 to $189,300.00 in 2022, national values surged even more dramatically, reaching $179,400.00. Those considering investments in Elk County might find its more volatile market intriguing, especially compared to the steady increases seen statewide and nationally.
Average Real Estate Taxes Per Tax Return in Elk County, KS Over the Last 6 Years
Over the past six years, real estate taxes per tax return in Elk County, Kansas have shown some fluctuation, starting from approximately $2016.67 in 2012 and reaching $2500.00 in 2017. This upward trend could be indicative of rising property values or increased tax rates in the area. For potential investors or those looking to move, this pattern might suggest a strengthening local economy but could also entail higher costs of property ownership. Real estate agents and appraisers may find this data useful in anticipating market behavior, while insurance agents might see it as a factor in their risk assessments.
Percentage of Farm Returns in Elk County, KS Over the Last 10 Years
Farm tax returns in Elk County, Kansas have shown subtle fluctuations over the past decade. Beginning at approximately 21.1% in 2012, there was a minimal increase to 21.9% in 2016 before a slight decline to 20.3% in 2021. Farm returns, essentially the tax filings from agricultural producers, hint at the stability and economic health of the farming sector in the region. For potential investors and property developers, this stable trend might indicate a reliable foundation in Elk County's agricultural operations, reflecting a degree of resilience in the local economy despite varying conditions.
Number of Mortgages by Occupancy Type in Elk County, KS Over the Last 5 Years in Elk County
Elk County, Kansas shows a notable rise in the number of mortgages for principal residences over the last five years, peaking at 36 in 2022 from a low of 23 in 2018. Investment properties and second residences remain relatively low and stable, with only occasional increases. These fluctuations in occupancy types impact market stability and can affect insurance premiums, property valuations, and investment risks. Investors might find stability appealing, while a surge in primary residence mortgages could point to community growth, possibly influencing decisions on new developments and appraisals. Real estate agents can leverage this trend to highlight the area's growing desirability for long-term residents.
Economic Outlook
In Elk County, Kansas, there's been notable variability in average taxable income, swinging from a low of $38,375.44 in 2017 to a high of $46,338.39 by 2021. Likewise, average state and local income taxes have fluctuated dramatically, peaking at $5,458.33 in 2012 before dipping to $3,700.00 in 2014 and recovering to $4,712.50 by 2017. Total tax liability per tax return has shown a similar pattern, with a low of $5,524.00 in 2017 climbing back to $6,809.33 in 2021. These swings might indicate... Read more
Average Taxable Income per Tax Return in Elk County, KS over the last 9 years
Elk County, Kansas has seen some fluctuations in average taxable income per tax return over the past nine years. Notably, 2016 and 2017 experienced dips, with figures dropping to $38,800.00 and $38,375.44 respectively. However, by 2021, a significant rise brought the average up to $46,338.39. This variability could suggest a diverse economic landscape, potentially influenced by local industries and employment opportunities. Such trends could be insightful for investors and prospective residents evaluating Elk County's financial climate and economic resilience.
Average State and Local Income Taxes Per Tax Return in Elk County, KS Over the Last 6 Years
In Elk County, Kansas, average state and local income taxes per tax return have fluctuated significantly over the past six years. The highest average was seen in 2012 at $5,458.33, followed by a sharp decline to $3,700.00 in 2014. More recently, the taxes per return have shown a slight recovery, reaching $4,712.50 by 2017. This variability can be crucial for both prospective investors and current residents to understand local economic conditions and manage financial planning. Those contemplating a move or property investments should note these trends to better anticipate future tax obligations.
Average Total Tax Liability Per Tax Return in Elk County, KS Over the Last 10 Years
Over the past decade, Elk County, Kansas has experienced fluctuations in average total tax liability per tax return, with figures ranging from a high of $6,928.05 in 2014 to a low of $5,524.00 in 2017. The liability generally hovered around the mid-$6,000 mark, indicating relative stability despite occasional dips. Post-2017, there's a noticeable recovery trend, peaking again in 2021 at $6,809.33, potentially reflecting economic recovery or changes in tax policy. For investors or prospective residents, these trends might suggest an economic environment with moderate taxation, which can be an essential consideration for long-term planning.
Cost of Living in Elk County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,092 | $1,375 | $1,857 | $966 | $1,117 |
| 1 adult 4 children | $1,092 | $1,123 | $1,419 | $966 | $1,226 |
| 2 adults 3 children | $1,092 | $1,124 | $1,611 | $966 | $897 |
| 1 adult 3 children | $1,092 | $917 | $1,174 | $966 | $980 |
| 2 adults 2 children | $788 | $920 | $1,365 | $837 | $765 |
| 1 adult 2 children | $788 | $687 | $928 | $837 | $685 |
| 2 adults 1 child | $788 | $727 | $1,120 | $419 | $710 |
| 1 adult 1 child | $788 | $470 | $683 | $419 | $599 |
| 2 adults | $624 | $584 | $874 | $0 | $620 |
| 1 adult | $584 | $319 | $437 | $0 | $544 |
Demographics
Elk County, Kansas shows a nearly equal split in gender distribution among adults. Educational attainment reveals a strong presence of high school graduates, and a noticeable percentage holding bachelor's degrees or higher. The age distribution skews towards older demographics, with significant populations in the 55-64 and 65-74 age brackets. Racial demographics indicate a predominantly White population, with minimal representation from other racial groups. These trends could impact local... Read more
Race Distribution in Elk County, Kansas (2022)
Educational Attainment in Elk County, Kansas (2022)
Age Distribution in Elk County, Kansas
Citizen Population in Elk County, Kansas (2022)
Political Trends & Data
Elk County, Kansas reflects a predominantly conservative voter base, with around 83% of 2020 U.S. Presidential Election votes potentially going to the GOP. This could imply stability in conservative-leaning policies impacting the real estate market, such as fewer regulations and potentially favorable tax considerations. With just 14% of votes likely going to the Democratic Party and minimal support for other parties, the political landscape here might significantly influence the long-term... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Elk County, Kansas, the 2020 U.S. Presidential Election results indicate a strong leaning towards the Republican Party, with just over 83% of the vote possibly going to the GOP. The Democratic Party likely captured around 14% of the votes, while the Libertarian Party garnered about 2%. There appeared to be minimal, if any, support for the Green Party or other parties. This trend could suggest a predominantly conservative voter base in this particular county.
83.76% of voters voted for the Republican party in the 2020 Presidential Election
14.33% of voters voted for the Democrat party in the 2020 Presidential Election
1.91% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Elk County, Kansas has seen wild fluctuations in its student-to-teacher ratio, from as low as eight students per teacher to a staggering peak of over 100 in 2022, before leveling off at around fifteen students per teacher in 2023. These swings might indicate changing population dynamics, resource allocation shifts, or policy impacts. Such information is crucial for potential investors, real estate agents, or families considering moving to the area, as it sheds light on the local educational... Read more
Student-to-teacher ratio in Elk County, Kansas over the last 10 years
Elk County, Kansas has experienced notable fluctuations in its student-to-teacher ratio over the past decade, ranging from a low of around eight students per teacher to an extraordinary peak of over 100 in 2022, before settling at approximately fifteen students per teacher in 2023. This recent ratio aligns more closely with the national average of fourteen students per teacher. Such variations could signal shifting population dynamics, resource allocation changes, or policy impacts within the county’s school system. These trends could be pivotal for potential investors, real estate agents, or families considering moving to the area, as they reflect on the local educational environment's capacity and quality.
