Marshall County Real Estate and Livability Trends
In Marshall County, Kansas, the average taxable income per tax return jumped from $50,088.62 in 2017 to $67,681.86 in 2021, hinting at economic improvements and better investment potential. However, increased state and local income taxes reaching $16,953.85 in 2021 could impact living costs and property investment decisions. Median home values rose from $86,700 in 2015 to $112,300 in 2022, still... Read more
Marshall County Market Trends
Median home values in Marshall County, Kansas, have climbed from $86,700 in 2015 to $112,300 in 2022, still lagging behind both state and national figures. Conversely, Kansas and national values spiked more markedly. Energy tax credits per return show a significant upswing, peaking at $400.00 in 2021, signaling a potential increase in energy-efficient home improvements. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Marshall County, Kansas Over the Last 8 Years
Median home values in Marshall County, Kansas, have consistently trended upward over the past eight years, rising from $86,700 in 2015 to $112,300 in 2022. This increase is significant yet still trails both state and national levels. Comparatively, median home values in Kansas surged from $132,000 to $189,300, while national figures jumped from $125,500 to $179,400 within the same period. This relatively slower appreciation may present a more affordable entry point for potential homebuyers or investors looking for opportunities outside the more expensive real estate markets.
Residential Energy Tax Credit Per Tax Return in Marshall County, KS Over the Last 8 Years
Marshall County, Kansas has seen fluctuating but generally increasing average residential energy tax credits per tax return over the past eight years, with noticeable peaks in 2017, 2020, and a substantial jump in 2021 reaching $400.00. These trends might indicate growing investment in energy-efficient home improvements among residents, which can be appealing to potential investors or homebuyers looking for properties with lower future energy costs. For real estate agents and appraisers, this rising trend could signal an area where sustainable home upgrades are becoming a valued asset, possibly influencing property valuations and sales strategies. Insurance agents might also find this relevant as enhanced energy efficiency often correlates with reduced risks and might affect premiums.
Average Real Estate Taxes Per Tax Return in Marshall County, KS Over the Last 10 Years
Marshall County, Kansas has been seeing a gradual increase in average real estate taxes per tax return over the past decade, with taxes moving from $2,098.85 in 2012 to $3,000.00 in 2021. The biggest spike occurred between 2017 and 2018 when taxes jumped from $2,639.19 to $3,262.50, indicating substantial changes in property valuations or tax rates during that period. This trend is likely to impact potential investors and current homeowners as higher taxes may affect overall affordability and returns on investment. For real estate agents and appraisers, understanding the factors driving these increases will be crucial in accurately assessing the market and advising clients.
Percentage of Farm Returns in Marshall County, KS Over the Last 10 Years
Marshall County, Kansas, has experienced slight fluctuations in the percentage of farm tax returns over the last decade. Starting at around 17.59% in 2012, the percentage has seen minor variations with a peak close to 18.26% in 2016 and a dip to roughly 16.76% in 2019. Farm tax returns give an insight into the economic stability and agricultural productivity of the county, which can matter deeply for potential investors and residents. These returns reveal not just the profitability of farming but also the reliance of the local economy on agriculture, which could influence property values and the nature of development in the area.
Number of Mortgages by Occupancy Type in Marshall County, KS Over the Last 5 Years in Marshall County
The number of mortgages for principal residences in Marshall County, Kansas, has exhibited a notable increase, particularly peaking in 2021 with 250 mortgages, compared to just 120 in 2018. However, investments in second residences and investment properties have remained relatively low, with minor fluctuations over the years. These trends suggest a robust demand for primary residences, likely driven by population growth or a preference for home ownership in the area. For potential investors, developers, and real estate agents, this data indicates a thriving market for single-family homes but possibly a less lucrative one for second homes and investment properties. This insight can influence strategic decisions regarding property development, market positioning, and customer targeting in Marshall County.
Economic Outlook
The average taxable income per tax return in Marshall County, Kansas has climbed from $50,088.62 in 2017 to $67,681.86 in 2021, suggesting possible economic improvements and increased attractiveness for investment. Concurrently, average state and local income taxes have surged, particularly from 2018 onwards, reaching $16,953.85 in 2021, which may influence property investment and living costs. The total tax liability per tax return has also seen a notable rise to $10,480.42 in 2021, pointing... Read more
Average Taxable Income per Tax Return in Marshall County, KS over the last 9 years
The average taxable income per tax return in Marshall County, Kansas has shown a steady increase overall, particularly notable in the jump from $50,088.62 in 2017 to $67,681.86 in 2021. This growth trend may suggest an improving economic condition and could be interesting for potential investors and residents. However, it’s worth noting the fluctuations and small downturns in the preceding years, highlighting the importance of considering long-term trends over single-year data.
Average State and Local Income Taxes Per Tax Return in Marshall County, KS Over the Last 10 Years
Marshall County, Kansas has seen a significant increase in average state and local income taxes per tax return over the past decade, particularly notable in the last few years. While the figures were relatively stable from 2012 to 2017, ranging between $4,927.12 and $6,471.43, there was a sharp escalation starting in 2018. By 2021, the average reached $16,953.85, marking a considerable rise from previous years. This trend indicates a growing tax burden that could impact everything from property investment to cost of living decisions for current and prospective residents.
Average Total Tax Liability Per Tax Return in Marshall County, KS Over the Last 10 Years
Over the past decade, Marshall County, Kansas has seen fluctuations in the average total tax liability per tax return, most notably with a significant jump to $10,480.42 in 2021. This rise could indicate various underlying economic shifts, such as changes in income levels or property values. Investors and prospective residents might find this data pertinent for long-term financial planning, potentially suggesting better fiscal opportunities in the region.
Cost of Living in Marshall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,099 | $1,444 | $2,199 | $966 | $1,244 |
| 1 adult 4 children | $1,099 | $1,179 | $1,684 | $966 | $1,337 |
| 2 adults 3 children | $1,099 | $1,179 | $1,906 | $966 | $1,000 |
| 1 adult 3 children | $1,099 | $963 | $1,391 | $966 | $1,068 |
| 2 adults 2 children | $788 | $965 | $1,614 | $837 | $830 |
| 1 adult 2 children | $788 | $721 | $1,099 | $837 | $766 |
| 2 adults 1 child | $788 | $763 | $1,322 | $419 | $780 |
| 1 adult 1 child | $788 | $493 | $807 | $419 | $631 |
| 2 adults | $599 | $613 | $1,030 | $0 | $652 |
| 1 adult | $584 | $334 | $515 | $0 | $567 |
Safety trends & Data
Marshall County, Kansas has seen varied property crime trends over the past five years. Larceny-theft incidents peaked in 2020 with five cases, and vandalism notably increased in 2020 and 2022. Arson and fraud remained stable with sparse occurrences, while motor vehicle theft saw a slight uptick in 2022. Real estate and insurance professionals might use these insights to monitor specific areas more closely, offering a nuanced understanding of local security and investment... Read more
Property Crime Trends in Marshall County, KS Over the Last 5 Years
Marshall County, Kansas has experienced varied trends in property crimes over the last five years. Larceny-theft incidents have generally increased, with a peak of five reported cases in 2020. Instances of vandalism also saw a notable rise, particularly in 2020 and 2022. While cases of arson and fraud remained relatively constant, with reports spread sparingly across the years, motor vehicle theft appeared twice in 2022, signaling a slight uptick. Real estate agents, appraisers, and insurance agents might find these patterns indicative of localized areas to monitor more closely for security improvements or value assessments. For potential investors or residents, understanding these trends provides insight into potential risks and community safety concerns in Marshall County.
Demographics
Marshall County, Kansas, exhibits a nearly even split between male and female residents, with a slight male majority. Educational attainment data hints at a population valuing basic and secondary education, with high school graduates and those with some college but no degree making up a significant portion. An aging demographic is notable, especially with those aged 55 to 64 and over 65 years forming large percentage blocks. The racial composition is predominantly White at 94.33%, with very... Read more
Race Distribution in Marshall County, Kansas (2022)
Educational Attainment in Marshall County, Kansas (2022)
Age Distribution in Marshall County, Kansas
Citizen Population in Marshall County, Kansas (2022)
Political Trends & Data
In Marshall County, Kansas, real estate trends might be influenced by its strong conservative leanings, as evident from the 2020 U.S. Presidential Election where the Republican candidate possibly secured around 73% of the vote. It could be inferred that the political climate plays a role in shaping the local market, potentially attracting buyers with similar conservative values. This political stability might contribute to a predictable real estate environment, reinforcing the county's appeal... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Marshall County, Kansas, the Republican candidate seemed to dominate the 2020 U.S. Presidential Election with approximately 73% of the vote. The Democratic candidate likely secured around 25%, while the Libertarian candidate garnered a small fraction, nearly 2.5%. The Green Party and other candidates did not appear to make a significant impact. This trend perhaps underscores the county's strong lean towards conservative political preferences.
72.92% of voters voted for the Republican party in the 2020 Presidential Election
24.62% of voters voted for the Democrat party in the 2020 Presidential Election
2.46% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Marshall County, Kansas, has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher, generally fluctuating between 11 and 13 over the past decade. This trend suggests smaller class sizes, which might appeal to families considering relocation due to the potential for more individualized attention for students. Investors, appraisers, and real estate agents could find this to be a significant selling point when highlighting the stable quality of... Read more
Student-to-teacher ratio in Marshall County, Kansas over the last 10 years
The student-to-teacher ratio in Marshall County, Kansas, over the past decade has generally remained below the national average of 14 students per teacher. Fluctuating mostly between 11 and 13, this ratio suggests potentially smaller class sizes compared to many other areas. This could be an attractive feature for investors, families considering relocation, appraisers, and real estate agents, as smaller class sizes often correlate with more individualized attention for students. For those thinking about building property or moving to the area, the stable student-to-teacher ratio might indicate a consistent quality of education, which could be a significant selling point.
