Norton County Real Estate and Livability Trends
Norton County, Kansas, has experienced a notable uptick in median home values, climbing from $72,900 in 2015 to $109,800 in 2022, though it still trails behind state and national averages. This growth, coupled with fluctuating residential energy tax credits and real estate taxes, presents both opportunities and challenges for homeowners and investors. The area's consistently low... Read more
Norton County Market Trends
Norton County, Kansas has witnessed an impressive increase in the median home value, rising from $72,900 in 2015 to $109,800 in 2022, though it still lags behind Kansas's and national averages of $189,300 and $179,400 respectively. The residential energy tax credit per return peaked at around $300.00 in 2021, presenting a notable incentive for energy-efficient upgrades despite fluctuations over... Read more
Median Value of Occupied Housing Units in Norton County, Kansas Over the Last 8 Years
Norton County, Kansas has seen a significant rise in the median home value over the last eight years, spiking from $72,900 in 2015 to $109,800 in 2022. While the housing market in Norton County grew substantially, it still trails behind both Kansas and national averages, where median values hit $189,300 and $179,400 respectively by 2022. This could present unique opportunities for potential investors or homebuyers looking for more affordable housing within the state, compared to pricier national and state averages.
Residential Energy Tax Credit Per Tax Return in Norton County, KS Over the Last 6 Years
In Norton County, Kansas, the average residential energy tax credit per tax return has seen noticeable fluctuations over the past several years. The credit peaked at approximately $300.00 in 2021, reflecting a significant incentive for energy-efficient investments. Earlier years like 2016 saw a dip to around $166.67, indicating variability in uptake or qualifying expenditures. This trend presents potential opportunities for homebuyers, investors, and real estate agents to emphasize energy-efficient properties' tax benefits. Appraisers and insurance agents might also find these credits useful in evaluations and policy adjustments, considering their impact on home value.
Average Real Estate Taxes Per Tax Return in Norton County, KS Over the Last 10 Years
Norton County, Kansas has experienced noticeable fluctuations in average real estate taxes over the last decade. Most notably, from 2012 to 2018, taxes have increased steadily from $2,241.38 to $3,066.67, with a sharp spike to $3,700.00 in 2019. Though this increase may indicate growing property values, the subsequent dip to $3,160.00 in 2021 suggests some volatility. Investors and homeowners should consider these trends when evaluating the area’s market stability and potential future tax implications.
Percentage of Farm Returns in Norton County, KS Over the Last 10 Years
The percentage of farm tax returns in Norton County, Kansas, has shown slight fluctuations over the past decade, hovering around 14%. These numbers indicate a stable agricultural sector, which could be of interest for investors or those considering agricultural ventures. Farm tax returns, essentially, are indicators of agricultural activity and profitability. They provide insights into the economic health of the farming community, useful for making informed decisions on property investments, business development, and residency in the area. A consistent percentage suggests ongoing agricultural engagement, potentially signifying a robust support network and economic resilience for farming in Norton County.
Number of Mortgages by Occupancy Type in Norton County, KS Over the Last 5 Years in Norton County
Over the past five years in Norton County, Kansas, the majority of mortgage activity has been for principal residences, with noticeable spikes in 2021 and 2020. Investment property mortgages have remained relatively stable at low values, while second residence mortgages are minimal. These shifts in mortgage types may reflect changing demands and economic conditions, possibly influenced by remote work trends, housing affordability, and local development. Investors and those moving to the area may see stable opportunities in the primary residential market, while appraisers and insurance agents could note the low but steady interest in investment properties as an indicator of cautious, diversified asset management by residents.
Economic Outlook
Norton County, Kansas, has shown a noticeable increase in average taxable income per tax return over the past nine years, jumping from around $48,549.58 in 2013 to $60,192.73 in 2021, with significant rises in 2018 and 2020. State and local income taxes have fluctuated widely from a low of $4,280.00 in 2015 to a high of $13,640.00 in 2020 before slightly decreasing to $13,340.00 in 2021, reflecting changing economic conditions and policies. Average tax liabilities have also varied, peaking at... Read more
Average Taxable Income per Tax Return in Norton County, KS over the last 9 years
Norton County, Kansas, has seen a noticeable increase in average taxable income per tax return over the past nine years. From 2013's roughly $48,549.58 to 2021's $60,192.73, there's a clear upward trend, particularly marked by significant jumps in 2018 and 2020. This growth may reflect broader economic improvements or local opportunities that could make the area appealing for potential investors and residents. However, it's wise to consider that consistent growth year over year isn't guaranteed.
Average State and Local Income Taxes Per Tax Return in Norton County, KS Over the Last 10 Years
Norton County, Kansas has seen a significant fluctuation in average state and local income taxes per tax return over the past decade. Starting at $7,892.31 in 2012, it dipped to a low of $4,280.00 in 2015 before climbing steadily to a high of $13,640.00 in 2020, slightly decreasing to $13,340.00 in 2021. This volatility highlights varying economic conditions and policy changes in the region, making it essential for potential investors and new residents to stay informed about fiscal trends.
Average Total Tax Liability Per Tax Return in Norton County, KS Over the Last 10 Years
Average tax liabilities per tax return in Norton County, Kansas have fluctuated over the last decade. Noteworthy peaks occurred in 2017 and 2021, with the latter reaching $9,513.25. This trend may be of interest to potential residents and investors as it could influence financial planning and investment decisions, giving a snapshot of economic activity in the county. Factors such as local economic conditions and policy changes could be contributing to these changes, suggesting a dynamic fiscal environment.
Cost of Living in Norton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $959 | $1,420 | $2,183 | $966 | $1,163 |
| 1 adult 4 children | $959 | $1,159 | $1,671 | $966 | $1,247 |
| 2 adults 3 children | $959 | $1,160 | $1,893 | $966 | $925 |
| 1 adult 3 children | $959 | $947 | $1,381 | $966 | $984 |
| 2 adults 2 children | $788 | $949 | $1,603 | $837 | $826 |
| 1 adult 2 children | $788 | $709 | $1,091 | $837 | $740 |
| 2 adults 1 child | $788 | $750 | $1,313 | $419 | $760 |
| 1 adult 1 child | $788 | $485 | $801 | $419 | $633 |
| 2 adults | $599 | $603 | $1,023 | $0 | $653 |
| 1 adult | $584 | $329 | $511 | $0 | $573 |
Safety trends & Data
Norton County, Kansas, has seen interesting shifts in property crimes over the past five years. Fraud peaked in 2018 and 2019 but has since tapered off, while burglaries saw a minor increase in 2020. Notably, larceny-theft incidents dropped to just one in 2022 from a few incidents in previous years. Although motor vehicle theft and vandalism spiked in 2020, they've remained low. This could suggest changing crime patterns, essential for investors, appraisers, and real estate agents to keep an... Read more
Property Crime Trends in Norton County, KS Over the Last 5 Years
Over the last five years, Norton County, Kansas, has seen a variable trend in property crimes. Fraud appeared to peak in 2018 and 2019, but occurrences have dropped off noticeably in subsequent years. Interestingly, burglaries stayed relatively low, with a small uptick in 2020. Larceny-theft has also demonstrated a visible decline, from a couple of incidents in 2019 and 2020 to just one in 2022. Motor vehicle theft and vandalism incidents were notable in 2020 but have remained minimal since. This decline in certain types of property crimes might be an encouraging sign for potential investors and residents but could also indicate shifting crime patterns that appraisers, insurance agents, and real estate agents should continue to monitor.
Demographics
Norton County, Kansas, exhibits a noticeable gender gap in its adult population, skewing more male. In terms of education, most residents have completed high school, with a significant portion having attended some college or earned a degree. The age distribution suggests a relatively balanced demographic, though residents aged 25 to 34 form the largest group. Racially, the county is predominantly White, with very small representations of other races. This demographic makeup could impact local... Read more
Race Distribution in Norton County, Kansas (2022)
Educational Attainment in Norton County, Kansas (2022)
Age Distribution in Norton County, Kansas
Citizen Population in Norton County, Kansas (2022)
Political Trends & Data
In Norton County, Kansas, the 2020 U.S. Presidential Election appeared strongly skewed towards Republican candidates, who might have captured around 83% of the vote. Democrats were estimated to secure roughly 15%, with Libertarian support seemingly limited to about 2%. Other third-party candidates did not seem to make a noticeable impact. This political landscape could potentially influence local policies and regulatory environments, indirectly affecting the real estate market in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Norton County, Kansas, Republican candidates arguably dominated the 2020 U.S. Presidential Election with an estimated 83% of the vote, while Democrats may have secured roughly 15%. Libertarian support was considerably lower, hovering near 2%. Green Party and other candidates did not appear to gain any measurable traction.
83.11% of voters voted for the Republican party in the 2020 Presidential Election
15.07% of voters voted for the Democrat party in the 2020 Presidential Election
1.82% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Norton County, Kansas has had a consistently low student-to-teacher ratio over the past decade, ranging from 8 in 2014 to 11 in 2023. This lower ratio, below the national average of 14 students per teacher, suggests more individualized attention for students, possibly making the area appealing to families prioritizing education. For real estate agents and investors, this could signify a stable or growing demand for residential properties, while appraisers and insurance agents might see this as... Read more
Student-to-teacher ratio in Norton County, Kansas over the last 10 years
Norton County, Kansas has maintained a notably low student-to-teacher ratio over the past decade, consistently below the national average of 14 students per teacher. The ratio has ranged from 8 in 2014 to a peak of 11 in 2023. This lower ratio suggests more individualized attention for students, potentially making the area more attractive to families prioritizing education. For real estate agents and investors, this trend might indicate a stable or growing demand for residential properties, especially among families. Appraisers and insurance agents should consider these dynamics as they influence property value stability and community attractiveness.
