Labette County Real Estate and Livability Trends
Labette County, Kansas, shows a promising economic trajectory with average taxable incomes rising from around $41,014.57 in 2013 to approximately $51,046.71 in 2021, signaling a potentially lucrative environment for investment or property development. Median home values increased to $94,600 in 2022, suggesting attractive investment opportunities. Notably, residential energy tax credits peaked at... Read more
Labette County Market Trends
Median home values in Labette County, Kansas have increased to $94,600 in 2022, reflecting a growth trajectory that tracks above broader state and national growth, offering potential investment opportunities at lower entry points. Residential energy tax credits per tax return have soared, peaking at $1,150.00 in 2021, which might indicate a rise in energy-efficient home improvements. Property... Read more
Median Value of Occupied Housing Units in Labette County, Kansas Over the Last 8 Years
Median home values in Labette County, Kansas, have shown a growth trajectory over the past eight years, ending at $94,600 in 2022. This is a noticeable increase, especially when compared to the more moderate growth in Kansas, where the median in 2022 reached $189,300, and the national median of $179,400. The rise in Labette County could suggest emerging investment opportunities at a lower entry point relative to broader state and national markets, making it appealing for both new buyers and investors looking for growth potential.
Residential Energy Tax Credit Per Tax Return in Labette County, KS Over the Last 8 Years
Labette County, Kansas has exhibited a notable rise in average residential energy tax credits per tax return over the past eight years. Starting at approximately $230.77 in 2013, the amount saw fluctuations before a significant jump to $533.33 in 2019 and spiking dramatically to $1150.00 by 2021. This trend could be indicative of increased investments in energy-efficient home improvements or possibly greater awareness and utilization of available tax credits among residents. Such insights might be crucial for real estate agents, appraisers, and insurance agents aiming to understand the local market dynamics and for potential investors considering the long-term viability of property values in the area.
Average Real Estate Taxes Per Tax Return in Labette County, KS Over the Last 10 Years
Property tax data for Labette County, Kansas suggests an overall upward trend over the past decade, with an initial increase from $2,456.85 in 2012 to about $2,872.17 in 2017. Steeper rises are seen in recent years, with taxes reaching roughly $3,992.31 in 2019 and maintaining higher levels around $3,772.73 by 2021. Mid-decade fluctuations could indicate budgetary adjustments or local economic factors at play. For potential investors and real estate stakeholders, the trend towards higher property taxes might reflect both growing property values and enhanced public services or infrastructure funding.
Percentage of Farm Returns in Labette County, KS Over the Last 10 Years
Farm tax returns in Labette County, Kansas have displayed a gradual fluctuation over the past decade, ranging from around 9.59% in 2013 to reaching a high of approximately 10.76% in 2018. This suggests a somewhat stable yet slightly increasing trend in agricultural activity, indicating potentially favorable conditions for farming ventures. For those considering investment or property development, the steady percentage of farm returns could signal a reliable agricultural community with consistent yields, making it a stable area for agro-based investments or lifestyle choices tied to farming.
Number of Mortgages by Occupancy Type in Labette County, KS Over the Last 5 Years in Labette County
Labette County, Kansas has shown fluctuations in mortgage counts by occupancy type over the past five years, with a notable dominance of principal residence mortgages. Investment property mortgages have been relatively stable but lower in comparison. The low counts for second residences underscore a potential lack of market for vacation or secondary homes. For those looking to invest, understanding the primary residential focus could point to a stable long-term renter population. Appraisers and insurance agents might need to consider risk differently, given the predominant owner-occupied homes. Builders and real estate agents should note the demand for principal residences, while investors might find opportunities in the steady, though smaller, investment property market.
Economic Outlook
Labette County, Kansas has generally seen an upward trend in average taxable income per tax return, growing from around $41,014.57 in 2013 to approximately $51,046.71 in 2021. This trend might indicate an improving economic environment, potentially attractive for investment or property development. Interesting to note, state and local income taxes per tax return saw fluctuations, with a significant drop to $4,461.05 in 2014 before rising to $9,440.00 by 2021, which may be due to higher earnings... Read more
Average Taxable Income per Tax Return in Labette County, KS over the last 9 years
Over the past nine years, Labette County, Kansas has shown a general upward trend in average taxable income per tax return. While there were minor dips in certain years, the average taxable income grew from around $41,014.57 in 2013 to approximately $51,046.71 in 2021. This could indicate an improving economic environment, potentially making it a more attractive location for investment or property development. Notably, the jump in taxable income between 2020 and 2021 might reflect post-pandemic recovery, offering a promising outlook for those considering a move or new ventures in the area.
Average State and Local Income Taxes Per Tax Return in Labette County, KS Over the Last 10 Years
Over the past decade, Labette County, Kansas has seen significant fluctuations in average state and local income taxes per tax return. Notably, there was a substantial dip in 2014, when the average dropped to $4,461.05 before gradually rising to $9,440.00 by 2021. This sharp increase in recent years could signal higher earnings or changes in tax policies, making it a crucial factor for prospective investors, residents, and property developers to consider when evaluating the overall economic climate of the area.
Average Total Tax Liability Per Tax Return in Labette County, KS Over the Last 10 Years
Labette County, Kansas has seen varying average total tax liabilities per tax return over the past decade. There's been a noticeable dip around 2015 and 2018, but more recent years show a climb, with 2021 peaking at $6990.02. This fluctuation could signal shifts in local economic conditions or tax policies, which might be of particular interest to investors, developers, or potential new residents assessing the financial landscape.
Cost of Living in Labette County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $962 | $1,351 | $2,065 | $966 | $1,034 |
| 1 adult 4 children | $962 | $1,103 | $1,581 | $966 | $1,110 |
| 2 adults 3 children | $962 | $1,104 | $1,791 | $966 | $829 |
| 1 adult 3 children | $962 | $901 | $1,307 | $966 | $859 |
| 2 adults 2 children | $788 | $904 | $1,517 | $837 | $746 |
| 1 adult 2 children | $788 | $675 | $1,033 | $837 | $651 |
| 2 adults 1 child | $788 | $714 | $1,243 | $419 | $693 |
| 1 adult 1 child | $788 | $461 | $759 | $419 | $576 |
| 2 adults | $599 | $574 | $969 | $0 | $597 |
| 1 adult | $527 | $313 | $485 | $0 | $511 |
Safety trends & Data
Labette County, Kansas has seen fluctuations in property crime over the past five years, with burglary and vandalism being the most notable concerns. Burglaries peaked at 9 incidents in 2019 before stabilizing, and vandalism spiked at 7 incidents in 2021. Larceny-theft and stolen property crimes have remained relatively consistent. Emerging property crimes like forgery and counterfeiting spiked in 2019, potentially indicating shifting criminal patterns. These trends suggest a dynamic landscape... Read more
Property Crime Trends in Labette County, KS Over the Last 5 Years
Labette County, Kansas has experienced fluctuations in property crime over the past five years, with the most notable concerns being burglary and vandalism. Burglaries peaked at 9 incidents in 2019 before stabilizing in subsequent years. Vandalism, while seeing a spike of 7 incidents in 2021, remains a sporadic issue. Larceny-theft and stolen property crimes have been relatively moderate but consistent. Emerging types of property crimes like forgery and counterfeiting spiked in 2019 and could indicate shifting criminal patterns. These trends suggest a dynamic landscape for real estate investors, insurers, and residents, highlighting the need for tailored crime prevention strategies and informed decision-making.
Demographics
Labette County, Kansas presents a balanced gender distribution with a slight female majority. Educational attainment varies widely, with the largest segment holding a high school diploma or equivalent, followed closely by those with some college experience. The age distribution indicates a significant proportion of older adults, especially between the ages of 55 and 64. The racial composition is predominantly white, with small representations from other racial groups. These demographic trends... Read more
Race Distribution in Labette County, Kansas (2022)
Educational Attainment in Labette County, Kansas (2022)
Age Distribution in Labette County, Kansas
Citizen Population in Labette County, Kansas (2022)
Political Trends & Data
Labette County, Kansas leans strongly Republican, which may suggest conservative values dominate the area. While Democratic support is present, it's significantly smaller, pointing to a less prominent but still important liberal demographic. Minimal Libertarian votes hint at a lesser interest in third-party options, indicating that the county's political landscape is largely defined by major party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Labette County, Kansas displayed a notable leaning toward the Republican party, which potentially suggests a strong conservative base. The Democratic presence was less significant, hinting at a more limited, though still impactful, liberal demographic. Libertarian votes were minimal, reflecting perhaps a marginal interest in third-party options. This voting pattern could be indicative of broader political values and social priorities within the county.
66.97% of voters voted for the Republican party in the 2020 Presidential Election
31.01% of voters voted for the Democrat party in the 2020 Presidential Election
2.02% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Labette County, Kansas, boasts a consistent student-to-teacher ratio ranging from 12 to 13.5 students per teacher over the last decade, dipping to an impressive low of around 12 students per teacher in 2021. This figure is below the national average of 14, potentially attracting families and educators who value more personalized attention in education. Real estate agents and developers may leverage this stable educational environment to appeal to young families, while investors might see it as... Read more
Student-to-teacher ratio in Labette County, Kansas over the last 10 years
Labette County, Kansas, has maintained a relatively stable student-to-teacher ratio over the past ten years, hovering between 12 and 13.5 students per teacher. Notably, the ratio dipped to its lowest at around 12 students per teacher in 2021, contrasting favorably with the national average of 14 students per teacher. This below-average ratio might entice families and educators seeking a learning environment with more personalized attention. Additionally, real estate agents and property developers could find this appealing when marketing homes in the area, especially to young families prioritizing education. For investors and insurance agents, a stable educational environment often correlates with long-term community growth and stability.
