Franklin County Real Estate and Livability Trends
Franklin County, Kansas has experienced a notable rise in average taxable income per tax return, climbing roughly 29% from $46,703.44 in 2013 to $60,247.19 in 2021, possibly pointing to a flourishing job market and upward pressure on real estate values. Median home values have also increased, reaching $175,500 in 2022, though still trailing behind the state average of $189,300. The county's real... Read more
Franklin County Market Trends
Franklin County, Kansas, has seen its median home values rise to $175,500 in 2022, trailing slightly behind the state average of $189,300 but remaining competitive nationally. Residential energy tax credits have surged, peaking at $3,800.00 in 2018, hinting at a strong local investment in energy-efficient improvements. Real estate taxes per return have nearly doubled over the past decade,... Read more
Median Value of Occupied Housing Units in Franklin County, Kansas Over the Last 8 Years
Franklin County, Kansas has seen a steady increase in median home values over the last eight years, reaching $175,500 in 2022. This growth, while significant at the local level, still trails behind the state average that hit $189,300 the same year. When compared nationally, Franklin County's trend mirrors the upward trajectory but remains more affordable, with the national median peaking at $179,400 in 2022. This could make Franklin County an attractive option for those looking to invest or move, offering a comparatively lower entry point but consistent value appreciation.
Residential Energy Tax Credit Per Tax Return in Franklin County, KS Over the Last 9 Years
Franklin County, Kansas has seen a notable increase in residential energy tax credits per tax return over the last nine years. Starting at $328.00 in 2013, the average tax credit rose significantly, peaking at $3,800.00 in 2018. Despite some fluctuations, it remained elevated compared to earlier years. This trend may be indicative of greater investment in energy-efficient home improvements or government incentives, making the area potentially attractive for environmentally conscious investors and homeowners, as well as professionals involved in property valuation, development, and insurance.
Average Real Estate Taxes Per Tax Return in Franklin County, KS Over the Last 10 Years
Over the past decade in Franklin County, Kansas, average real estate taxes per tax return have shown a consistent upward trend, nearly doubling from approximately $2,580.74 in 2012 to around $4,159.52 in 2021. This steady increase can be noteworthy for potential investors and property owners, as it may reflect rising property values or greater municipal needs. Such data might also interest appraisers and insurance agents who need to account for these factors when assessing property worth and risks. Real estate agents could see this as a potential selling point for certain demographics, while those planning to build or move here should budget for potentially higher tax rates.
Percentage of Farm Returns in Franklin County, KS Over the Last 10 Years
Franklin County, Kansas, has seen a subtle yet noticeable decline in the percentage of farm tax returns over the past decade, starting at roughly 7.91% in 2012 and tapering to about 7.10% by 2021. Farm tax returns, which are financial declarations specifically for agricultural activities, provide a useful indicator of the vitality and presence of farming operations in the region. While the numbers suggest a slight but steady decrease, this trend might imply shifts in local agriculture's profitability or a gradual reduction in the number of active farming entities. This could be important for potential investors, developers, or new residents interested in the local economy's agricultural aspect and related tax benefits.
Number of Mortgages by Occupancy Type in Franklin County, KS Over the Last 5 Years in Franklin County
In Franklin County, Kansas, over the past five years, there seems to be a noticeable trend in mortgage counts by occupancy type. Principal residences have consistently held the bulk of mortgages, peaking in 2021, possibly indicating a higher demand for primary homes or more favorable lending conditions during that year. Investment property mortgages, while fluctuating, have shown a slight decline, suggesting either a decrease in investment interest or changes in market conditions affecting investment viability. Second residences have remained relatively stable but very low compared to other types. These shifts can inform potential investors or developers about the market focus and risk factors, while also guiding insurance agents and appraisers on the dominant housing trends, potentially impacting property values and insurance premiums in the area.
Economic Outlook
In Franklin County, Kansas, the average taxable income per tax return has risen significantly over the last nine years, increasing from $46,703.44 in 2013 to $60,247.19 in 2021, roughly a 29% uptick. This trend could suggest a robust economy and attractive job market, potentially leading to higher real estate values. Additionally, the county has experienced a sharp rise in state and local income taxes per tax return post-2017, peaking at $7,458.33 in 2021, reflecting a rising fiscal burden... Read more
Average Taxable Income per Tax Return in Franklin County, KS over the last 9 years
In Franklin County, Kansas, the average taxable income per tax return has seen a notable upward trend over the last nine years. Starting at $46,703.44 in 2013, it consistently increased each year, reaching $60,247.19 by 2021. This roughly 29% rise is significant for those interested in investing in, moving to, or developing in the area. This sustained growth trend might suggest a resilient economy, attractive job market, and potentially increasing real estate values, important for both current residents and prospective investors.
Average State and Local Income Taxes Per Tax Return in Franklin County, KS Over the Last 10 Years
Franklin County, Kansas has seen a notable upswing in average state and local income taxes per tax return over the past decade, especially from 2017 onwards. While the early years saw values oscillate around $4,000 to $4,500, a sharp increase is evident post-2017, peaking at $7,458.33 in 2021. This trend is significant for potential investors and residents as it reflects a rising fiscal load, likely indicative of changes in local economic policies or increased public expenditure—all crucial factors for financial planning and future investments.
Average Total Tax Liability Per Tax Return in Franklin County, KS Over the Last 10 Years
Franklin County, Kansas, has seen a general upward trend in average total tax liability per tax return over the past decade, rising from $6,102.17 in 2012 to $7,871.77 in 2021. Noticeable spikes in 2015 and 2021 could suggest economic shifts or policy changes impacting local taxpayers. This trend may concern prospective investors and residents as it hints at increasing financial obligations, which could affect disposable incomes and investment returns.
Cost of Living in Franklin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,128 | $1,476 | $1,857 | $966 | $1,124 |
| 1 adult 4 children | $1,128 | $1,205 | $1,420 | $966 | $1,223 |
| 2 adults 3 children | $1,128 | $1,206 | $1,611 | $966 | $900 |
| 1 adult 3 children | $1,128 | $984 | $1,174 | $966 | $975 |
| 2 adults 2 children | $915 | $987 | $1,366 | $837 | $800 |
| 1 adult 2 children | $915 | $737 | $928 | $837 | $750 |
| 2 adults 1 child | $915 | $780 | $1,120 | $419 | $763 |
| 1 adult 1 child | $915 | $504 | $683 | $419 | $632 |
| 2 adults | $695 | $627 | $874 | $0 | $637 |
| 1 adult | $691 | $342 | $437 | $0 | $574 |
Safety trends & Data
Franklin County, Kansas has seen considerable fluctuations in property crimes over the years. Larceny-theft incidents soared to 103 in 2022 from just 22 in 2021, marking a significant spike. Vandalism has remained stable, averaging in the mid-20s since 2020, while burglary incidents peaked at 13 in 2019 but generally lowered thereafter. Stolen property arrests varied, peaking at 10 in 2021. These trends may signal areas of concern or stability, affecting decisions by investors, real estate... Read more
Property Crime Trends in Franklin County, KS Over the Last 5 Years
Franklin County, Kansas has seen notable fluctuations in property crimes over the past five years. Larceny-Theft peaked in 2022 with 103 reported incidents, skyrocketing from just 22 in 2021. Vandalism incidents have remained relatively consistent, hovering around the mid-20s since 2020. Burglary spiked in 2019 at 13 occurrences but generally trended lower afterward. Stolen Property arrests were particularly variable, reaching a high of 10 in 2021. This information could be crucial for potential investors, real estate agents, and residents, signaling areas of concern or stability within the community.
Demographics
Franklin County, Kansas, exhibits a nearly balanced adult population between males and females. The county's educational attainment skews towards high school graduates and those with some college education, though fewer residents have achieved a graduate or professional degree. The age distribution reveals significant populations in the younger demographic under 10 years and a notable number of baby boomers aged 55 to 64 years. Racially, the area is predominantly White with minimal... Read more
Race Distribution in Franklin County, Kansas (2022)
Educational Attainment in Franklin County, Kansas (2022)
Age Distribution in Franklin County, Kansas
Citizen Population in Franklin County, Kansas (2022)
Political Trends & Data
Franklin County, Kansas exhibited a notable Republican lean in the 2020 U.S. Presidential Election, with nearly 68% of voters supporting the GOP, compared to around 30% for the Democratic party. Libertarian candidates received minimal traction with approximately 2.5% of the vote. This voting pattern may suggest a deep-seated conservative preference among the electorate in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Franklin County, Kansas showed a stronger inclination toward the Republican party in the 2020 U.S. Presidential Election, with nearly 68% of voters casting their ballots for the GOP. The Democratic party seemed less favored, capturing around 30% of the vote. Libertarian support was minimal, hovering around 2.5%, while other parties did not register a significant impact. This pattern potentially underscores a traditionally conservative voter base in the region.
67.96% of voters voted for the Republican party in the 2020 Presidential Election
29.57% of voters voted for the Democrat party in the 2020 Presidential Election
2.47% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Franklin County, Kansas, the student-to-teacher ratio has jumped from around twelve students per teacher in 2014 to about seventeen by 2023. This could hint at shifts in resource allocation, potentially affecting classroom dynamics and educational quality. Families and investors might weigh this trend heavily, and it could influence real estate decisions and property values. For appraisers, insurance agents, and builders, this above-national-average ratio could be integral in assessing the... Read more
Student-to-teacher ratio in Franklin County, Kansas over the last 10 years
The student-to-teacher ratio in Franklin County, Kansas has seen a notable rise over the past decade, moving from around twelve students per teacher in 2014 to seventeen by 2023. This increase could suggest potential changes in resource allocation that might affect classroom dynamics and educational quality. This trend may concern families and investors considering the quality of education, and it could influence real estate decisions and property values. For appraisers, insurance agents, and builders, understanding that the area now has ratios above the national average of fourteen students per teacher is key to evaluating the overall desirability and marketability of the region.
