Sedgwick County Real Estate and Livability Trends
In Sedgwick County, Kansas, median home values have climbed steadily, reaching $175,700 in 2022, just shy of the state average of $189,300, indicating potential for appreciating asset values. Significant increases in real estate taxes—from $2,967.06 in 2012 to $5,303.88 in 2021—reflect rising property ownership costs, which might affect investment strategies. The influx in residential energy... Read more
Sedgwick County Market Trends
Sedgwick County, Kansas has seen a steady climb in median home values over the past eight years, hitting $175,700 in 2022, which is just slightly below the state average of $189,300. Residential energy tax credits have fluctuated significantly, peaking in 2018 with an average of $2,145.45 suggesting a surge in energy efficiency investments. Real estate taxes have markedly increased from $2,967.06... Read more
Median Value of Occupied Housing Units in Sedgwick County, Kansas Over the Last 8 Years
Sedgwick County, Kansas has seen a steady climb in median home values over the past eight years, reaching $175,700 in 2022. While these values have generally trailed behind the state average—$189,300 in 2022—they've been on par with the national trend, which hit $179,400 last year. This gradual but consistent increase might indicate a positive long-term investment opportunity or stable housing market for those considering a move.
Residential Energy Tax Credit Per Tax Return in Sedgwick County, KS Over the Last 9 Years
Over the last nine years, Sedgwick County, Kansas, has experienced significant fluctuations in the average residential energy tax credit per tax return. Notably, there's a stark increase in 2018, with an average of $2,145.45, suggesting a substantial uptake in energy efficiency investments that year. This could signal an underlying trend towards green energy solutions, presenting potential opportunities for investors, real estate professionals, and homeowners interested in eco-friendly upgrades. The data highlights a variable yet notable incline in tax credits, peaking recently at $1,293.73 in 2021, indicative of sustained interest and investment in energy-saving measures.
Average Real Estate Taxes Per Tax Return in Sedgwick County, KS Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Sedgwick County, Kansas, have generally shown an upward trajectory, starting from $2,967.06 in 2012 and gradually climbing to $5,303.88 by 2021. Notable increments occurred between 2017 and 2018, where there was a sharp increase from $3,553.67 to approximately $4,565.74, suggesting a potential shift in tax policies or property valuations during that period. This trend could be significant for investors, property developers, and real estate professionals as it reflects rising costs of property ownership in the area, which might impact overall investment strategies and housing market dynamics.
Percentage of Farm Returns in Sedgwick County, KS Over the Last 10 Years
The percentage of farm tax returns in Sedgwick County, Kansas has seen a gradual decline over the last decade, dropping from approximately 0.96% in 2012 to about 0.79% in 2021. Farm tax returns are filings with the IRS specific to income generated from farming activities, reflecting the number of active farming operations in the area. This downward trend might suggest a reduction in farming activity or a consolidation of farms, potentially impacting agricultural investment opportunities and the local real estate market. Investors and potential residents should consider these factors when evaluating the economic and developmental landscape of Sedgwick County.
Number of Mortgages by Occupancy Type in Sedgwick County, KS Over the Last 5 Years in Sedgwick County
Over the past five years in Sedgwick County, Kansas, principal residence mortgages have consistently dominated, peaking in 2020 and 2021 before slightly falling in 2022. Investment property mortgages have shown moderate fluctuations, with a noticeable decline in 2022, which might hint at market shifts or investor cautions. Second residence mortgages remain the smallest segment, yet any trends in this category could suggest broader economic factors or lifestyle changes. Understanding these shifts in occupancy types is key for potential investors, homeowners, appraisers, and real estate professionals to gauge market health, insurance risks, and future property demands.
Economic Outlook
Sedgwick County, Kansas has seen an upward trajectory in average taxable income per tax return, climbing from $61,384.28 in 2013 to $78,782.74 in 2021, suggesting potential economic improvement and higher earning potential, especially after 2017. However, state and local income taxes have also seen a notable rise, reaching $22,161.33 by 2021, which could significantly impact financial planning. Total tax liability per tax return has similarly increased, peaking in 2020 and 2021. The poverty... Read more
Average Taxable Income per Tax Return in Sedgwick County, KS over the last 9 years
Over the past nine years, Sedgwick County, Kansas has shown a generally upward trend in average taxable income per tax return, rising from $61,384.28 in 2013 to $78,782.74 in 2021. Notable increases seem to occur post-2017, with a significant jump of nearly $11,000 observed from 2020 to 2021. This trend could suggest improving economic conditions or higher earning potential in the region, making it an attractive area for real estate investors, potential residents, and financial professionals evaluating the market's opportunities.
Average State and Local Income Taxes Per Tax Return in Sedgwick County, KS Over the Last 10 Years
The average state and local income taxes per tax return in Sedgwick County, Kansas have seen significant fluctuations over the past decade. From 2012 to 2016, there was a steady decline from $8,595.38 to $6,790.63. However, starting in 2017, a marked upward trend began, with taxes skyrocketing to $22,161.33 by 2021, driven by substantial increases since 2018. Investors, property developers, and potential residents should be aware of the increasing tax burden in recent years, as it can significantly impact financial planning and cost of living in the area.
Average Total Tax Liability Per Tax Return in Sedgwick County, KS Over the Last 10 Years
Sedgwick County, Kansas has seen a general upward trend in total tax liability per tax return over the past decade, with notable fluctuations. From $10,578.06 in 2012 to $13,541.63 in 2021, the tax liability showcases a significant increase, particularly peaking in 2020 and 2021. These trends suggest evolving economic conditions, potentially reflecting increases in both income and living costs. Investors, potential residents, and property developers should be aware that tax liability has escalated, which might affect overall financial planning and budget considerations in the area.
Cost of Living in Sedgwick County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,222 | $1,468 | $1,770 | $839 | $1,018 |
| 1 adult 4 children | $1,222 | $1,199 | $1,361 | $839 | $1,107 |
| 2 adults 3 children | $1,222 | $1,199 | $1,532 | $839 | $821 |
| 1 adult 3 children | $1,222 | $979 | $1,123 | $839 | $866 |
| 2 adults 2 children | $923 | $982 | $1,294 | $770 | $714 |
| 2 adults 1 child | $923 | $776 | $1,056 | $548 | $737 |
| 1 adult 2 children | $923 | $733 | $885 | $770 | $647 |
| 1 adult 1 child | $923 | $501 | $647 | $548 | $617 |
| 2 adults | $706 | $623 | $818 | $0 | $588 |
| 1 adult | $617 | $340 | $409 | $0 | $507 |
Safety trends & Data
Sedgwick County, Kansas has seen some notable fluctuations in property crime over the past five years. Larceny-theft peaked at 1,120 incidents in 2020, while vandalism hit 556 the same year. Burglary showed an interesting trend, peaking at 145 incidents in 2021 before dropping to 128 in 2022. These crime trends could impact property values, insurance premiums, and the overall attractiveness of the area for potential investors or... Read more
Property Crime Trends in Sedgwick County, KS Over the Last 5 Years
Property crime trends in Sedgwick County, Kansas exhibit some fluctuations over the past five years. While larceny-theft consistently tops the charts with a notable peak at 1,120 in 2020, motor vehicle theft and vandalism also show significant activity, with vandalism reaching 556 in the same year. The variation in burglary numbers is intriguing, peaking in 2021 at 145 but dropping to 128 in 2022. These trends indicate evolving risks that could impact property values, insurance premiums, and the overall attractiveness of the area for potential investors or residents.
Demographics
Sedgwick County, Kansas exhibits a well-balanced demographic landscape with a nearly equal split between male and female adult populations. Educational attainment features a substantial portion of residents completing high school or attending some college without earning a degree. The county's age distribution leans towards a younger demographic, with notable clusters in the under-10 and 25-34 age ranges. Racially, the area is predominantly White, yet it includes a diverse mix of Black or... Read more
Race Distribution in Sedgwick County, Kansas (2022)
Educational Attainment in Sedgwick County, Kansas (2022)
Age Distribution in Sedgwick County, Kansas
Citizen Population in Sedgwick County, Kansas (2022)
Political Trends & Data
In Sedgwick County, Connecticut, real estate trends might be shaped by the area's apparent Republican leaning seen in the 2020 U.S. Presidential Election, where about 54.7% votes possibly went to Republicans and around 42.9% to Democrats. This political landscape could play a role in investment interests and community developments, possibly affecting property values and the types of amenities that might be prioritized locally. With Libertarian and other third-party votes appearing to have a... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sedgwick County, Connecticut, the 2020 U.S. Presidential Election results possibly reflect a significant Republican leaning with approximately 54.7% of the votes, while Democrats may have garnered around 42.9%. Libertarian candidates might have captured a modest 2.4%, and other parties appear to have minimal or no representation. This distribution could suggest a predominantly two-party dynamic with minor third-party influence.
54.73% of voters voted for the Republican party in the 2020 Presidential Election
42.86% of voters voted for the Democrat party in the 2020 Presidential Election
2.41% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Sedgwick County, Kansas has seen its student-to-teacher ratio drop from 21 in 2014 to below 14 in 2022, aligning more closely with the national average. This trend hints at possible improvements in educational quality and could make the county more appealing to families. For investors and builders, a strong educational infrastructure could signal a promising real estate market, potentially boosting property values and impacting insurance rates... Read more
Student-to-teacher ratio in Sedgwick County, Kansas over the last 10 years
Sedgwick County, Kansas has experienced significant shifts in its student-to-teacher ratio over the past decade. Starting from 21 students per teacher in 2014, the numbers have fluctuated but trended towards the national average, with the ratio reaching below 14 students per teacher in 2022. This trend could imply potential improvements in educational quality and more personalized attention for students, which may appeal to families considering a move to the area. For investors, real estate agents, and builders, such trends might suggest a robust educational infrastructure, making the county a potentially attractive market. Additionally, lower ratios can impact property values and insurance rates due to perceived higher community value.
