Riley County Real Estate and Livability Trends
Riley County, Kansas has seen a notable rise in average taxable income, jumping from around $52,200.52 in 2013 to $78,568.63 in 2021, indicating stronger local economic conditions and growing household earnings. Median home values climbed to $231,000 in 2022, surpassing both state and national averages, potentially appealing to buyers and investors. Despite this, a poverty rate of 25.4% in 2022... Read more
Riley County Market Trends
Riley County, Kansas has seen median home values climb to $231,000 in 2022, outpacing both state and national averages, which might interest potential buyers and investors. Real estate taxes per tax return have also steadily increased, reaching about $6,551.43 in 2021, a factor worth noting for financial planning. Residential energy tax credits have fluctuated sharply, peaking at $2,550.00 in... Read more
Median Value of Occupied Housing Units in Riley County, Kansas Over the Last 8 Years
Riley County, Kansas has seen a consistent uptick in median home values over the past eight years, reaching $231,000 in 2022, which outpaces both the state and national averages. While Kansas overall observed a rise to $189,300 in 2022, and the national figure climbed to $179,400, Riley County's stronger growth may attract prospective buyers and investors. The divergence suggests heightened demand and potentially greater investment returns within Riley County compared to broader metrics.
Residential Energy Tax Credit Per Tax Return in Riley County, KS Over the Last 9 Years
Over the past nine years, Riley County, Kansas has seen significant fluctuations in the average residential energy tax credit per tax return. The average ranged from a low of around $416.67 in 2017 to a peak of approximately $2,550.00 in 2018, indicating varying levels of investment in energy-efficient home improvements. Notably, the credit saw substantial increases in 2015 and 2021, hitting about $850.00 and $1,104.55 respectively. These trends suggest potential volatility in energy efficiency incentives, which may be a critical consideration for those investing in or valuing residential properties in the region.
Average Real Estate Taxes Per Tax Return in Riley County, KS Over the Last 10 Years
In Riley County, Kansas, real estate taxes per tax return have shown a consistent upward trend over the last decade. Starting in 2012 at approximately $3,650.74, there's been a steady increase peaking in 2021 at around $6,551.43. Particularly noteworthy is the sharp rise between 2017 and 2019, where taxes jumped from about $4,749.82 to $6,177.46. This could impact property investment decisions, home affordability, and insurance considerations, reflecting rising property values or local fiscal policies. For real estate agents, developers, and prospective residents, understanding these tax trends is crucial for financial planning and market analysis in the region.
Percentage of Farm Returns in Riley County, KS Over the Last 10 Years
Over the last decade, Riley County in Kansas has experienced slight fluctuations in the percentage of farm tax returns. These indicate modest yet consistent engagement in agriculture, starting at approximately 2.24% in 2012 and peaking at around 2.33% in 2018 before dipping to 2.10% in 2020. Farm tax returns track the financial details of farming activities, which can reflect economic health, investment potential, and land use trends. For those considering investment or property development in Riley County, these figures might suggest a stabilized agricultural sector, offering insights into long-term viability and community structure.
Number of Mortgages by Occupancy Type in Riley County, KS Over the Last 5 Years in Riley County
Over the last five years in Riley County, Kansas, the majority of mortgages have consistently been for principal residences, with investment properties and second residences trailing behind. Notably, there's been a substantial increase in mortgages for principal residences from 2018 to 2020, though a slight decline is observed subsequently. Investment property mortgages have remained relatively stable, while second-residence mortgage numbers are consistently low. These trends in occupancy types may influence property values, demand for different types of housing, and risk assessments for insurance and lending purposes. Understanding these dynamics can help investors, real estate agents, appraisers, and insurance agents better navigate the market conditions in this region.
Economic Outlook
Riley County, Kansas has seen a robust rise in average taxable income per tax return, from around $52,200.52 in 2013 to $78,568.63 in 2021, hinting at a stronger local economy and increasing household earnings. Concurrently, fluctuations in state and local income taxes, reaching $14,562.40 in 2021, suggest possible infrastructure investments or policy changes. Despite these economic vigor markers, the poverty rate remains high at 25.4% in 2022, above the national average. Such mixed economic... Read more
Average Taxable Income per Tax Return in Riley County, KS over the last 9 years
Over the past nine years, Riley County, Kansas has experienced a noticeable upward trend in average taxable income per tax return, starting at around $52,200.52 in 2013 and peaking significantly at $78,568.63 in 2021. This growth trajectory, particularly the sharp rise in the most recent year, may be indicative of a stronger local economy and increasing household earnings. Such financial trends could be attractive for potential investors, real estate agents, and individuals considering a move to the area, as rising incomes often correlate with a demand for quality housing and services. For insurance agents and property builders, understanding these income fluctuations can help tailor services and products to meet the evolving needs of the community.
Average State and Local Income Taxes Per Tax Return in Riley County, KS Over the Last 10 Years
Over the last decade, Riley County, Kansas, has seen fluctuations in state and local income taxes per tax return, starting at $6,562.08 in 2012 and reaching $14,562.40 in 2021. A notable increase occurred between 2017 and 2018, where taxes rose from $6,236.91 to $10,145.33, continuing on an upward trajectory. This trend signifies a potential increase in local infrastructure investments or changes in tax policies. For investors, property developers, and new residents, these rising taxes may reflect growing economic opportunities but also higher costs of living.
Average Total Tax Liability Per Tax Return in Riley County, KS Over the Last 10 Years
The average total tax liability per tax return in Riley County, Kansas has seen a notable upward trend over the last decade. From $8,273.35 in 2012, it rose to $12,517.99 by 2021, with intermittent fluctuations. The most pronounced increase occurred between 2020 and 2021. This rising pattern might be a reflection of increasing incomes or economic growth in Riley County, making it a possible point of interest for potential investors or residents evaluating financial obligations in the area.
Cost of Living in Riley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,257 | $1,733 | $2,160 | $839 | $1,321 |
| 1 adult 4 children | $1,257 | $1,415 | $1,662 | $839 | $1,370 |
| 2 adults 3 children | $1,257 | $1,416 | $1,869 | $839 | $1,029 |
| 1 adult 3 children | $1,257 | $1,156 | $1,371 | $839 | $1,082 |
| 2 adults 2 children | $956 | $1,159 | $1,578 | $770 | $861 |
| 2 adults 1 child | $956 | $916 | $1,287 | $548 | $854 |
| 1 adult 2 children | $956 | $866 | $1,080 | $770 | $789 |
| 1 adult 1 child | $956 | $592 | $789 | $548 | $709 |
| 2 adults | $778 | $736 | $996 | $0 | $707 |
| 1 adult | $773 | $401 | $498 | $0 | $600 |
Safety trends & Data
Riley County, Kansas has displayed some volatility in property crime trends over the past five years. Notably, larceny-theft incidents spiked in 2019 and 2020, reaching counts of 148 and 151, before dropping to 80 in 2021 and rising again to 91 in 2022. Vandalism also peaked in 2019 with 76 incidents and gradually declined to 53 by 2022. Despite these fluctuations, severe property crimes like arson and stolen property offenses showed an overall decrease, hinting at possibly improving community... Read more
Property Crime Trends in Riley County, KS Over the Last 5 Years
Riley County, Kansas has experienced fluctuating trends in property crime over the last five years. Larceny-theft incidents saw a notable spike in 2019 and 2020, with counts reaching 148 and 151, respectively, before dropping to 80 in 2021 and rising again to 91 in 2022. Vandalism also displayed variability, peaking at 76 incidents in 2019 and slowly declining to 53 by 2022. Fraud and forgery and counterfeiting offenses remained relatively stable, with minor increases in some years. Motor vehicle thefts and burglaries saw slight ups and downs but did not significantly deviate from single-digit figures. Investors, property developers, and real estate agents might find the overall decrease in severe property crimes like arson and stolen property offenses encouraging, suggesting a gradual improvement in community security measures.
Demographics
In Riley County, Kansas, the adult population skews slightly male, indicating unique community dynamics and perhaps specific social initiatives. Educational attainment levels are diverse, with a relatively high proportion achieving some level of college education or higher, hinting at the county’s potential for professional and economic growth. The age distribution leans heavily towards younger demographics, particularly those in their early twenties, reflecting a vibrant, possibly... Read more
Race Distribution in Riley County, Kansas (2022)
Educational Attainment in Riley County, Kansas (2022)
Age Distribution in Riley County, Kansas
Citizen Population in Riley County, Kansas (2022)
Political Trends & Data
In Riley County, Kansas, the 2020 U.S. Presidential Election results point to a competitive political landscape, with Democrats potentially having a slight edge at about 50.7% of the vote, compared to Republicans who received around 46.1%. Libertarians, gathering roughly 3.2%, signal a minor but notable presence. This breakdown might hint at shifting political dynamics or unique regional voter preferences within... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Riley County, Kansas, the 2020 U.S. Presidential Election results suggest a competitive race with Democrats potentially having a slight lead at approximately 50.7 percent of the vote, edging out Republicans who garnered around 46.1 percent. Libertarians, while a much smaller force, collected about 3.2 percent. This distribution may indicate shifting political dynamics or regional variations in voter priorities within the state.
46.12% of voters voted for the Republican party in the 2020 Presidential Election
50.71% of voters voted for the Democrat party in the 2020 Presidential Election
3.16% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Riley County, Kansas has maintained a stable student-to-teacher ratio, generally around 13, with a notable dip to 11 in 2021. This trend, consistently better than the national average of 14, suggests smaller class sizes and more individualized attention for students. Such educational quality can be attractive to families, potentially boosting property values and influencing local real estate trends. This emphasis on education is a key element for those considering relocation or investment in... Read more
Student-to-teacher ratio in Riley County, Kansas over the last 10 years
Riley County, Kansas has shown a stable yet slightly fluctuating student-to-teacher ratio over the last decade, generally hovering around the 13 mark, except for a notable dip to 11 students per teacher in 2021. This trend indicates that Riley County has consistently managed to maintain smaller class sizes compared to the US national average of 14 students per teacher, which could be appealing for potential buyers, especially families prioritizing education. Smaller class sizes often imply more individualized attention for students, enhancing the overall educational experience, which can, in turn, increase property values and affect local real estate markets. This information is particularly relevant for real estate agents, investors, and those considering relocation, as it highlights the county's commitment to education—a key factor influencing residential decisions and community development.
