Lyon County Real Estate and Livability Trends
Lyon County, Kansas, has seen a significant rise in average taxable income, from approximately $42,929.09 in 2013 to $57,920.82 in 2021, which hints at economic growth and higher earning potentials. Median home values jumped from $93,400 in 2015 to $136,100 in 2022, offering affordability compared to state and national averages. Homebuyers focused on sustainability may find the area attractive... Read more
Lyon County Market Trends
Median home values in Lyon County, Kansas, have jumped from $93,400 in 2015 to $136,100 in 2022, making the area an appealing option due to its affordability compared to Kansas state ($189,300) and national averages ($179,400). Residential energy tax credits also saw a substantial rise, peaking at $972.73 in 2021, pointing to increased investments in energy-efficient improvements, an attractive... Read more
Median Value of Occupied Housing Units in Lyon County, Kansas Over the Last 8 Years
The median home value in Lyon County, Kansas has seen a significant climb over the past eight years, from $93,400 in 2015 to $136,100 in 2022. While this growth is impressive, it's worth noting that Lyon County's housing market remains more affordable than both the state average, which reached $189,300 in 2022, and the national average of $179,400. This disparity might make Lyon County an attractive option for potential homebuyers or investors looking for lower entry costs while still benefiting from value appreciation.
Residential Energy Tax Credit Per Tax Return in Lyon County, KS Over the Last 8 Years
Lyon County, KS has experienced fluctuating trends in residential energy tax credits per tax return over the past eight years. The average tax credit jumped from $255.56 in 2015 to a peak of $972.73 in 2021, suggesting a growing investment in energy-efficient home improvements. This growth is of particular interest to real estate agents, appraisers, and property investors, as it indicates a rising focus on sustainable living. Such sustainability trends might also appeal to potential homebuyers and insurance agents who are evaluating long-term property value and risk reduction strategies.
Average Real Estate Taxes Per Tax Return in Lyon County, KS Over the Last 10 Years
Over the last decade, Lyon County, Kansas has experienced a noticeable uptick in real estate taxes per tax return. Starting at approximately $2,663.92 in 2012, the average real estate taxes gradually increased and saw a significant bump around 2017 with a peak at $4,825.64 in 2020. These changes might suggest rising property values and increased municipal costs, which could influence decisions for potential investors, homeowners, and real estate professionals considering the area. The fluctuation in recent years also hints at a dynamic local real estate market that warrants close monitoring.
Percentage of Farm Returns in Lyon County, KS Over the Last 10 Years
The percentage of farm returns in Lyon County, Kansas has experienced a subtle decline over the past decade, dropping from around 5.88% in 2012 to about 5.07% in 2021. Farm tax returns generally reflect the profitability and economic health of the agricultural sector, which can influence local property values and investment opportunities. For those considering moving to, investing in, or developing property in Lyon County, this slight downward trend may suggest nuanced shifts in the local farming economy worth monitoring, potentially impacting future community planning and land use decisions.
Number of Mortgages by Occupancy Type in Lyon County, KS Over the Last 5 Years in Lyon County
Over the last five years in Lyon County, Kansas, principal residences have dominated mortgage activity, notably peaking in 2021 at nearly 1,000. Investment properties have seen fluctuating yet lower numbers, indicating a relatively cautious investor sentiment. Second residences consistently reflected minimal activity. These shifts in occupancy types are crucial for stakeholders; potential homeowners might find stability in primary residences appealing, insurers could tailor products to dominant market segments, and real estate agents may gear strategies to cater to principal buyers. Appraisers and developers could leverage these insights to align their evaluations and projects with prevailing demand trends.
Economic Outlook
Lyon County, Kansas, has experienced a notable rise in average taxable income per tax return over the years, from roughly $42,929.09 in 2013 to about $57,920.82 by 2021, hinting at economic growth and higher earning potentials. The average state and local income taxes per return have substantially increased, starting at $5,439.81 in 2012 and peaking at $10,628.57 in 2021, which may reflect growing economic pressures but also evidence of the region's financial health. Additionally, the average... Read more
Average Taxable Income per Tax Return in Lyon County, KS over the last 9 years
Over the last nine years, Lyon County, Kansas, has seen a steady rise in average taxable income per tax return, moving from approximately $42,929.09 in 2013 to about $57,920.82 by 2021. This upward trend suggests potential economic growth and increasing earning capacities, making it an attractive prospect for investors and potential residents. The consistent increase also indicates a relatively stable local economy, which could influence property values and business opportunities positively in the area.
Average State and Local Income Taxes Per Tax Return in Lyon County, KS Over the Last 10 Years
The average state and local income taxes per tax return in Lyon County, Kansas have seen a substantial increase over the last decade. From $5,439.81 in 2012, there was a noticeable dip in 2014 to $4,484.91, followed by a significant climb starting in 2018 with $8,368.89. This upward trend peaked in 2021 at $10,628.57, reflecting escalating tax pressures. For potential investors, residents, or builders, these figures spotlight the growing economic demands within the county, which could influence overall cost of living and investment returns.
Average Total Tax Liability Per Tax Return in Lyon County, KS Over the Last 10 Years
Lyon County, Kansas has shown a general upward trend in the average total tax liability per tax return over the past decade, starting around $6,009.16 in 2012 and rising to approximately $7,641.67 by 2021. While there have been slight fluctuations, with minor decreases in some years like 2015 and 2018, the overall movement suggests a steady increase. This trend might be indicative of economic growth or shifts in local tax policies, making it something potential investors, property developers, and prospective residents should keep an eye on.
Cost of Living in Lyon County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,059 | $1,416 | $2,199 | $966 | $1,123 |
1 adult 4 children | $1,059 | $1,156 | $1,684 | $966 | $1,193 |
2 adults 3 children | $1,059 | $1,156 | $1,906 | $966 | $890 |
1 adult 3 children | $1,059 | $944 | $1,391 | $966 | $933 |
2 adults 2 children | $788 | $947 | $1,614 | $837 | $763 |
1 adult 2 children | $788 | $707 | $1,099 | $837 | $656 |
2 adults 1 child | $788 | $748 | $1,322 | $419 | $703 |
1 adult 1 child | $788 | $483 | $807 | $419 | $574 |
2 adults | $599 | $601 | $1,030 | $0 | $602 |
1 adult | $527 | $328 | $515 | $0 | $505 |
Safety trends & Data
In Lyon County, Kansas, property crime trends reveal significant fluctuations over the past five years, with larceny-theft peaking at 67 incidents in 2020 before dropping to 24 in 2021. Vandalism incidents also decreased dramatically from 29 in 2020 to just 1 by 2022. Motor vehicle theft and burglary have remained relatively stable with 2 to 4 incidents annually. These crime trends might offer valuable insights for investors, real estate professionals, and residents evaluating the area's crime... Read more
Property Crime Trends in Lyon County, KS Over the Last 5 Years
In Lyon County, Kansas, property crime trends over the last five years suggest varying rates across different offenses. Larceny-theft generally dominates the landscape, peaking at 67 incidents in 2020 before dropping to 24 in 2021. Vandalism showed a similar pattern with a high of 29 incidents in 2020 but significantly reduced to 1 by 2022. Motor vehicle theft and burglary have been relatively low and stable, usually hovering between 2 and 4 incidents annually. These fluctuations could be informative for investors, real estate professionals, and residents when assessing the area's crime risk and economic stability.
Demographics
Lyon County displays intriguing demographics with a slight majority of females over males in its adult population. Educational attainment levels indicate a substantial portion of residents holding high school diplomas, but a relatively smaller segment finishing graduate or professional degrees. Age distribution shows a youthful population with notable clusters in the 20-24 and under 10-year brackets. Racial composition is predominantly White, yet there's a small but diverse representation of... Read more
Race Distribution in Lyon County, Kansas (2022)
Educational Attainment in Lyon County, Kansas (2022)
Age Distribution in Lyon County, Kansas
Citizen Population in Lyon County, Kansas (2022)
Political Trends & Data
In Lyon County, Kansas, real estate trends may be nuanced by its political landscape. With around 54% supporting Republican candidates and 43% leaning Democratic in the 2020 U.S. Presidential Election, the area's political preferences potentially influence property dynamics. Libertarians, capturing nearly 3%, indicate a small but noticeable interest in alternative political options. Off-market properties or unique real estate ventures might find niche appeal in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
The 2020 U.S. Presidential Election in Lyon County, Kansas, showed potential Republican leanings with about 54% of the vote. Democratic support trailed slightly, garnering around 43%. Libertarians captured nearly 3% of the vote, highlighting a minor yet notable presence. Other parties didn't make a significant impact in this particular county.
53.97% of voters voted for the Republican party in the 2020 Presidential Election
43.29% of voters voted for the Democrat party in the 2020 Presidential Election
2.74% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Lyon County, Kansas, boasts a student-to-teacher ratio that typically ranges between eleven and thirteen, below the national average of fourteen. This trend might hint at more personalized student attention, which could be a strong selling point for families thinking about relocating. For real estate agents, this information could be particularly valuable when marketing homes, as it underscores the potential for a higher quality of education, possibly benefiting property... Read more
Student-to-teacher ratio in Lyon County, Kansas over the last 10 years
Over the last decade, Lyon County, Kansas, has seen its student-to-teacher ratio fluctuate, generally staying between eleven and thirteen students per teacher, which is consistently below the national average of fourteen. This lower ratio may suggest more personalized attention for students, potentially making it appealing for families considering a move to the area. For real estate agents and property developers, this could highlight a valuable selling point when marketing homes to families. Additionally, investors and insurance agents might find this data useful to project the county's education quality and its potential impact on local property values.