Neosho County Real Estate and Livability Trends
Neosho County, Kansas, exhibits a potentially strengthening local economy with average taxable income per tax return rising to $54,456.31 in 2021. Median home values have also increased, reaching $99,400 in 2022, though this growth is slower than state and national trends, offering potentially hidden value for investors. Meanwhile, state and local income taxes per tax return nearly doubled,... Read more
Neosho County Market Trends
Neosho County, Kansas has experienced a steady rise in median home values, increasing from $69,800 in 2015 to $99,400 in 2022, which though moderate, is slower compared to statewide and national trends. This slower growth might present hidden value opportunities for savvy investors or those seeking affordable properties. Real estate tax returns per property have also grown, escalating from... Read more
Median Value of Occupied Housing Units in Neosho County, Kansas Over the Last 8 Years
Over the last eight years, Neosho County, Kansas has seen its median home values rise from $69,800 in 2015 to $99,400 in 2022. This marks a steady but relatively moderate growth compared to the state of Kansas and national trends. Statewide, Kansas saw an increase from $132,000 in 2015 to $189,300 in 2022, while nationwide values jumped from $125,500 to $179,400 during the same period. Although Neosho County's housing market trails behind both state and national averages, this could present hidden value opportunities for savvy investors or newcomers seeking more affordable property options.
Residential Energy Tax Credit Per Tax Return in Neosho County, KS Over the Last 8 Years
Neosho County, Kansas, has seen fluctuating trends in residential energy tax credits over the past eight years. Peak averages were noted in 2016 and 2017, reaching $340.00 and $350.00 respectively, while the lowest was in 2019 at $200.00. These variations might reflect changing energy efficiency initiatives or alterations in policy incentives, which could be crucial for investors, builders, and real estate agents evaluating the potential for energy-efficient property improvements in the area.
Average Real Estate Taxes Per Tax Return in Neosho County, KS Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Neosho County, Kansas have demonstrated noticeable growth, climbing from approximately $2,575.00 in 2012 to around $3,827.78 in 2021. The most significant increase occurred between 2017 and 2019, jumping from $2,936.96 to $3,857.14. This trend may suggest a rise in property values or changes in tax assessments, presenting potential considerations for investors, property developers, and residents who might see this as a factor in their financial planning.
Percentage of Farm Returns in Neosho County, KS Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Neosho County, Kansas has largely remained around 9.35% to 9.81%, showing a slight fluctuation with a tendency to hover near the higher end of this range in more recent years. This consistent percentage suggests a stable agricultural presence. For investors, this may imply a reliable base in the agricultural sector which can be key to predicting market stability. Property developers and new residents might find this trend encouraging, as it points to sustained agricultural investment and potentially stable land values.
Number of Mortgages by Occupancy Type in Neosho County, KS Over the Last 5 Years in Neosho County
Over the past five years in Neosho County, Kansas, the number of principal residence mortgages has consistently outpaced those for investment and second residences, providing a strong indicator of the primary demand in the housing market. For instance, in 2022, there were 377 mortgages for principal residences compared to just 20 for investment properties and 3 for second residences. These shifts in occupancy type can significantly impact property values, insurance rates, and development opportunities. Real estate agents, appraisers, and investors might find these trends particularly revealing for predicting market changes, targeting specific property types, and guiding client decisions. Increasing demand for principal residences could imply a stable residential market, while relatively flat investment property numbers might indicate fewer opportunities for rental income or flipping.
Economic Outlook
Neosho County, Kansas has experienced a general rise in average taxable income per tax return over the past nine years, hitting $54,456.31 in 2021 from $43,970.85 in 2013, indicating a potentially strengthening local economy. Concurrently, average state and local income taxes per tax return have nearly doubled, peaking at $11,281.25 by 2021, with significant increases from 2017 onwards, suggesting economic growth and rising fiscal pressures. Additionally, the average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Neosho County, KS over the last 9 years
Over the past nine years, Neosho County, Kansas has shown a general increase in average taxable income per tax return, reaching $54,456.31 in 2021 from $43,970.85 in 2013. This upward trend, interrupted by only slight fluctuations, suggests a strengthening local economy which could be appealing for potential investors, property builders, or new residents attracted by the improving financial outlook. Notably, the most significant jumps were seen from 2017 onwards, hinting at recent economic developments that may be influencing this positive change.
Average State and Local Income Taxes Per Tax Return in Neosho County, KS Over the Last 10 Years
Neosho County, Kansas has seen a notable rise in average state and local income taxes per tax return over the past decade. From $5,475.86 in 2012, the figure peaked at $11,281.25 by 2021. The biggest jumps appeared between 2017 and 2018, with a $1,818.05 increase, and again from 2020 to 2021, showing a substantial rise of $2,925. Businesses and potential residents might view these trends as indicators of economic growth and increasing fiscal pressures. These changes are crucial for those looking to invest or establish roots in Neosho County.
Average Total Tax Liability Per Tax Return in Neosho County, KS Over the Last 10 Years
Over the past decade, Neosho County, Kansas has seen some fluctuation in average total tax liability per tax return, with figures generally trending upwards. The highest average was recorded in 2021 at $7,152.76, signaling potential economic growth or changes in tax policy. Despite a dip in 2018 to $6,258.62, the trend suggests a resilient economic environment. Investors, homebuilders, and potential residents might find the increasing tax liability indicative of either increasing property values or growing incomes in the area.
Cost of Living in Neosho County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,074 | $1,359 | $2,065 | $966 | $1,111 |
1 adult 4 children | $1,074 | $1,110 | $1,581 | $966 | $1,200 |
2 adults 3 children | $1,074 | $1,110 | $1,791 | $966 | $887 |
1 adult 3 children | $1,074 | $907 | $1,307 | $966 | $949 |
2 adults 2 children | $788 | $909 | $1,517 | $837 | $761 |
1 adult 2 children | $788 | $679 | $1,033 | $837 | $667 |
2 adults 1 child | $788 | $718 | $1,243 | $419 | $704 |
1 adult 1 child | $788 | $464 | $759 | $419 | $586 |
2 adults | $599 | $577 | $969 | $0 | $605 |
1 adult | $595 | $315 | $485 | $0 | $539 |
Safety trends & Data
Property crime trends in Neosho County, Kansas indicate a generally low occurrence of incidents over the past four years. Larceny-theft peaked at 3.00 arrests in 2019, while burglary saw a slight increase from 1.00 in 2020 to 2.00 annually in the following years. Vandalism and stolen property crimes remained minimal, each with 1.00 incident in both 2020 and 2021. Fraud was noted only in 2022 with 1.00 incident. This relative stability in property crime rates might be of interest to investors,... Read more
Property Crime Trends in Neosho County, KS Over the Last 4 Years
Property crime trends in Neosho County, Kansas over the past four years indicate a fluctuating but generally low occurrence of incidents. Larceny-theft peaked in 2019 with 3.00 arrests, while burglary showed a slight increase from 1.00 in 2020 to 2.00 annually in the following two years. Vandalism and stolen property crimes were minimal, each holding steady at 1.00 incident in 2020 and 2021 respectively. Fraud appeared only in 2022 with 1.00 incident. This suggests a relatively stable yet low property crime rate, notable insights for potential investors, real estate agents, and residents considering the safety and security of the area.
Demographics
Neosho County, Kansas, showcases a demographic landscape where the adult population leans slightly female, encompassing a diverse age range with the largest segments being those aged 45 to 64 years. Educational attainment reveals a strong inclination toward high school graduates and those with some college education, while advanced degrees aren't as prevalent. The racial composition is predominantly White, with minor representations from other races. This demographic mix highlights varied... Read more
Race Distribution in Neosho County, Kansas (2022)
Educational Attainment in Neosho County, Kansas (2022)
Age Distribution in Neosho County, Kansas
Citizen Population in Neosho County, Kansas (2022)
Political Trends & Data
Neosho County, Kansas, has a solid Republican leaning, evidenced by approximately 72% of votes going to the GOP in the 2020 U.S. Presidential Election. Democrats managed around 26%, with Libertarians barely capturing over 1.6%. This strong conservative tilt could influence local real estate policies and development trends, possibly affecting market dynamics in terms of regulation and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Neosho County, Kansas, the 2020 U.S. Presidential Election leaned heavily Republican, with approximately 72% of the vote. Democrats garnered around 26%, while Libertarians captured just over 1.6%. This Republican tilt might suggest strong conservative leanings prevalent in the area, impacting local and state-level policy discussions.
72.27% of voters voted for the Republican party in the 2020 Presidential Election
26.12% of voters voted for the Democrat party in the 2020 Presidential Election
1.61% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Neosho County, Kansas has seen changes in its student-teacher ratio over the last decade, ranging from nearly 12 students per teacher in 2016 to almost 15 in 2020. The latest figure in 2023 indicates a ratio of about 14 students per teacher. These fluctuations could influence decisions in investment, relocation, and property development, as a tighter ratio often means more personalized student attention, potentially making the area more attractive to those valuing quality education. Conversely,... Read more
Student-to-teacher ratio in Neosho County, Kansas over the last 10 years
Over the last decade, Neosho County, Kansas has experienced fluctuations in its student-to-teacher ratio. This ratio ranged from a low of nearly 12 students per teacher in 2016 to a high of almost 15 in 2020, with the most recent figure in 2023 showing a ratio of approximately 14 students per teacher. This variable ratio has implications for those considering investment, relocation, property development, and educational services in the area. A tighter ratio, often below the national average of 14 students per teacher, typically signals more personalized attention for students, which might appeal to potential residents and investors interested in quality education. On the other hand, higher ratios could suggest increasing student enrollment or potential teacher shortages, crucial data for appraisers and insurance agents assessing community growth and resource allocation.