Russell County Real Estate and Livability Trends
Russell County, Kansas has shown notable economic and real estate trends, with average taxable income ranging from $40,444.69 in 2016 to $55,579.62 in 2021, potentially influencing property valuations. Median home values rose from $81,000 in 2015 to $103,500 in 2022, hinting at affordable investment opportunities amidst slower growth. Real estate taxes increased significantly, from $2,455.56 in... Read more
Russell County Market Trends
Russell County, Kansas has seen median home values rise from $81,000 in 2015 to $103,500 in 2022, which is slower than state and national increases but could indicate more affordable investment opportunities. Residential energy tax credits have fluctuated, with peaks at $300.00 in some years but a decline to $200.00 by 2020, suggesting changing incentives for energy-efficient upgrades. Average... Read more
Median Value of Occupied Housing Units in Russell County, Kansas Over the Last 8 Years
Russell County, Kansas has experienced a consistent increase in median home values over the past eight years, climbing from $81,000 in 2015 to $103,500 in 2022. Although this growth is substantial for the county, it still falls short compared to the state median, which escalated from $132,000 to $189,300 over the same period. Nationally, the median values also surged from $125,500 in 2015 to $179,400 in 2022. This slower growth in Russell County might suggest more affordable investment opportunities for those looking to buy property compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Russell County, KS Over the Last 6 Years
Russell County, Kansas has seen fluctuating residential energy tax credits per tax return over the last six years, peaking at $300.00 in 2013, 2014, and 2021. Between 2015 and 2016, the average amount dipped to $250.00, and by 2020 it dropped further to $200.00. These variations may interest prospective investors and residents, highlighting potential opportunities or risks associated with energy-efficient property investments in the region. It could also inform local appraisers and insurance agents about shifting financial incentives for homeowners upgrading to energy-efficient systems.
Average Real Estate Taxes Per Tax Return in Russell County, KS Over the Last 10 Years
Over the past decade, Russell County, Kansas has experienced a notable upward trend in average real estate taxes per tax return, rising from around $2,455.56 in 2012 to approximately $4,066.67 in 2021. The increments are not evenly paced, with significant spikes seen, especially from 2015 to 2019. This shift could impact decision-making for potential investors, homeowners, and those involved in property valuation and taxes, as the increasing tax burden may influence property valuation, affordability, and long-term investments. For real estate agents, this trend suggests a need to factor in rising tax costs when advising clients.
Percentage of Farm Returns in Russell County, KS Over the Last 10 Years
Russell County, Kansas, shows a generally stable trend in farm tax returns over the last decade, fluctuating between roughly 11.61% and 12.50%. Farm tax returns reflect income from agricultural activities and can be an indicator of the economic health of the farming community. For potential investors or those looking to build property, this relative stability might suggest a resilient local agricultural economy, albeit with some year-to-year variances. Additionally, this data could be useful for understanding the economic backdrop and making informed decisions regarding investments or relocation to rural areas within the county.
Number of Mortgages by Occupancy Type in Russell County, KS Over the Last 5 Years in Russell County
Principal residences have consistently dominated mortgage counts in Russell County, Kansas over the last five years, with a notable spike in 2021 at 175, compared to a range of 111 to 152 in other years. Investment properties and second residences have seen much lower and relatively stable mortgage counts, though 2021 showed slight increases in both categories. These trends matter as they suggest a stable demand for primary residences, potentially making Russell County appealing for new residential construction or real estate investments targeting permanent residents. For investors and appraisers, the data could indicate a slow, steady growth in demand for secondary residences and investment properties, implicating cautious but optimistic economic planning. For insurance agents, the steady number of principal residences might suggest lower risks compared to regions with volatile occupancy rates.
Economic Outlook
Russell County, Kansas has seen its average taxable income per tax return swing significantly, with a notable dip in 2016 to $40,444.69 and a peak in 2021 at $55,579.62. State and local income taxes showed similar volatility, ranging from a low of $4,236.36 in 2016 to highs of $7,112.77 in 2012 and $7,300.00 in 2019. Total tax liability also mirrored these trends, hitting a low in 2016 at $5,906.79 and climbing to $7,446.75 by 2021. Investors and real estate professionals may find these... Read more
Average Taxable Income per Tax Return in Russell County, KS over the last 9 years
Russell County, Kansas has experienced considerable fluctuations in average taxable income per tax return over the past nine years. Notably, incomes dipped to a low of $40,444.69 in 2016 but have since rebounded, reaching their highest at $55,579.62 in 2021. This pattern might interest investors and real estate agents as it hints at potential economic variability. Moreover, insurance agents and appraisers might find these trends useful for risk assessment and property valuations, given the significant changes in residents' taxable income levels.
Average State and Local Income Taxes Per Tax Return in Russell County, KS Over the Last 10 Years
Over the past decade, Russell County, Kansas has experienced significant fluctuations in average state and local income taxes per tax return, with peaks in 2012 at $7112.77 and 2019 at $7300.00, and a notable dip in 2016 at $4236.36. Such volatility could impact residents' disposable income and influence decisions related to financial planning, investments, and property development in the area. Potential investors and newcomers should be aware of these variations as they reflect broader economic shifts and tax policy changes within the state.
Average Total Tax Liability Per Tax Return in Russell County, KS Over the Last 10 Years
Over the last decade, Russell County, Kansas has seen fluctuations in the average total tax liability per tax return. The highest liability was in 2013 at $8,421.43, while 2016 experienced a notable dip to $5,906.79. Recent years indicate a potential rebounding trend, with 2021 showing an average liability of $7,446.75. This pattern might suggest opportunities for careful financial planning and investment in the area, particularly for those considering real estate or business ventures.
Cost of Living in Russell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $959 | $1,444 | $2,183 | $966 | $1,173 |
| 1 adult 4 children | $959 | $1,179 | $1,671 | $966 | $1,254 |
| 2 adults 3 children | $959 | $1,179 | $1,893 | $966 | $932 |
| 1 adult 3 children | $959 | $963 | $1,381 | $966 | $987 |
| 2 adults 2 children | $788 | $965 | $1,603 | $837 | $828 |
| 1 adult 2 children | $788 | $721 | $1,091 | $837 | $738 |
| 2 adults 1 child | $788 | $763 | $1,313 | $419 | $759 |
| 1 adult 1 child | $788 | $493 | $801 | $419 | $628 |
| 2 adults | $599 | $613 | $1,023 | $0 | $649 |
| 1 adult | $584 | $334 | $511 | $0 | $564 |
Safety trends & Data
Property crime trends in Russell County, Kansas have shown significant fluctuations over the past five years, with 2020 seeing a peak in vandalism incidents at 3 reported cases, up from 2 in prior years. Burglary and motor vehicle theft occurrences have remained consistently low, mostly around 1 to 2 cases annually. However, a rise in larceny and stolen property cases could indicate areas where local law enforcement may need to focus more. For prospective investors or residents, these nuanced... Read more
Property Crime Trends in Russell County, KS Over the Last 5 Years
Property crime trends in Russell County, Kansas have shown significant fluctuations over the past five years. Notably, 2020 saw a peak in vandalism incidents with 3 reported cases, compared to just 2 in prior years. Burglary and motor vehicle theft seem to maintain a consistently low occurrence, mostly staying around 1 to 2 cases annually. A rise in theft-related crimes such as larceny and stolen property instances was observed, emphasizing a potential focus area for local law enforcement and community vigilance. For those considering investments or relocations in Russell County, understanding these nuanced shifts in property crimes could inform better decision-making related to property security measures and insurance considerations.
Demographics
Russell County, Kansas shows a relatively balanced gender ratio among adults, with slightly more females than males. Educational attainment leans heavily towards high school graduates and those with some college experience, leaving a smaller percentage who achieved advanced degrees. The county's age distribution indicates a significant portion of the population is over the age of 55, which might suggest a gradually aging community. The population is predominantly White, with very few residents... Read more
Race Distribution in Russell County, Kansas (2022)
Educational Attainment in Russell County, Kansas (2022)
Age Distribution in Russell County, Kansas
Citizen Population in Russell County, Kansas (2022)
Political Trends & Data
Russell County, Kansas, leaned heavily towards the Republican Party in the 2020 U.S. Presidential Election, capturing nearly 80% of the vote, while Democrats secured around 17%, and Libertarians about 2%. This strong conservative tilt could impact local political strategies and future real estate development, potentially favoring policies that align with right-leaning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Russell County, Kansas, saw a significant leaning towards the Republican Party in the 2020 U.S. Presidential Election, with approximately 80% of the votes. Democrats captured just around 17%, while Libertarians trailed with about 2%. The data hints at a strongly conservative voter base in the county, which could influence local and state political strategies and priorities.
80.47% of voters voted for the Republican party in the 2020 Presidential Election
17.31% of voters voted for the Democrat party in the 2020 Presidential Election
2.22% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Russell County, Kansas, has witnessed a generally declining student-to-teacher ratio over the past decade, dropping from a high of 13 in 2018 to around 11 recently. This lower ratio, compared to the national average of 14, suggests more individualized attention in schools, potentially boosting the appeal for families considering moving to the area. For investors, real estate agents, and appraisers, this could imply a higher community desirability and impact property valuations... Read more
Student-to-teacher ratio in Russell County, Kansas over the last 10 years
Over the past decade, Russell County in Kansas has seen a generally declining trend in the student-to-teacher ratio, from a high of 13 in 2018 to around 11 in recent years. This trend suggests smaller class sizes when compared to the current national average of 14 students per teacher. Investors, real estate agents, and families considering a move to the area might find this appealing for the potential of more individualized attention in schools. For appraisers and insurance agents, understanding these dynamics could provide context for property valuations and community desirability.
