Sherman County Real Estate and Livability Trends
In Sherman County, Kansas, the real estate market has shown some intriguing trends. Median home values have jumped from $77,000 in 2015 to $123,900 in 2022, drawing value-conscious investors and homebuyers to this more affordable market. Real estate taxes peaked at $3,628.57 in 2020, a factor prospective buyers should consider for budgeting. A decline in farm returns suggests evolving... Read more
Sherman County Market Trends
Sherman County, Kansas has experienced a notable increase in median home values, rising from $77,000 in 2015 to $123,900 in 2022, albeit remaining below Kansas's and national medians. This could attract value-oriented investors and homebuyers seeking more affordable options. The county also saw residential energy tax credits peak at $250.00 in 2016, suggesting periods of energy efficiency... Read more
Median Value of Occupied Housing Units in Sherman County, Kansas Over the Last 8 Years
Sherman County, Kansas has seen a dynamic rise in median home values over the last eight years, with an increase from $77,000 in 2015 to $123,900 in 2022. While this represents a substantial growth, it remains significantly lower than the statewide median, which jumped from $132,000 in 2015 to $189,300 in 2022, and the national median value, which escalated to $179,400 by 2022. This suggests Sherman County could be a more affordable option compared to the broader state and national markets, making it a potentially attractive area for value-oriented investors and homebuyers.
Residential Energy Tax Credit Per Tax Return in Sherman County, KS Over the Last 4 Years
Sherman County, Kansas, saw a notable fluctuation in the residential energy tax credit per tax return over the last four years, peaking at $250.00 in 2016 after consistent averages around $175.00 in 2013 and 2015. This trend reveals possible increased investment in energy efficiencies or retrofits during this period, which could interest potential investors and homeowners looking to capitalize on past energy incentives. Appraisers and insurance agents might view these improvements as a sign of rising property values or better energy resilience, adding a layer of complexity to property assessments and insurance evaluations.
Average Real Estate Taxes Per Tax Return in Sherman County, KS Over the Last 10 Years
Over the past decade in Sherman County, Kansas, the average real estate taxes per tax return have shown consistent growth, peaking in 2020 at $3628.57 before a slight decrease in 2021 to $3300.00. This upward trend may be important for investors, builders, and real estate agents, indicating potentially higher property-related expenses in the near future. For those considering moving to the area or current residents, it's worth noting this trend as it could affect overall living costs. Insurance agents and appraisers might also consider how these rising taxes could impact property values and insurance premiums.
Percentage of Farm Returns in Sherman County, KS Over the Last 10 Years
Over the last decade, the percentage of farm returns in Sherman County, Kansas seems to have fluctuated modestly, peaking around 10.95% in 2012 and 2013, with a recent drop to 8.87% in 2021. This downward trend could indicate evolving economic conditions or shifts in local agricultural viability. For potential investors or new residents, understanding these trends might be crucial as farm tax returns often provide insight into the agricultural sector's health. Such data could influence decisions regarding investments in commercial farming, the viability of starting new agricultural enterprises, or the development of related infrastructures.
Number of Mortgages by Occupancy Type in Sherman County, KS Over the Last 5 Years in Sherman County
In Sherman County, Kansas, the number of mortgages for principal residences shows a general upward trend over the past five years, peaking at 148 in 2022. Investment property mortgages have remained relatively stable, while second residence mortgages are low and even decreased from 6 in 2020 to 2 in 2022. These shifts in occupancy type can impact property values, lending practices, and risk assessments. Investors and appraisers might notice that the stable investment property market suggests consistent renter demand, whereas rising principal residence mortgages could indicate a growing local population or increased homeownership rates. Builders and real estate agents should consider this data when planning new developments or marketing homes, as the demand types heavily influence market dynamics and potential returns.
Economic Outlook
In Sherman County, Kansas, the average taxable income per tax return has generally increased over the past nine years, climbing from around $47,331.21 in 2013 to approximately $59,237.16 by 2021. This trend could imply growing economic opportunities, potentially attracting investors and new residents. Income taxes have been more volatile, hitting a peak at $7,575.00 in 2013 and bottoming out at $3,860.00 in 2015, suggesting local economic shifts or changes in tax policies. The average total tax... Read more
Average Taxable Income per Tax Return in Sherman County, KS over the last 9 years
Over the past nine years, the average taxable income per tax return in Sherman County, Kansas has shown a generally upward trend. Starting at around $47,331.21 in 2013, there were some dips, notably dropping to approximately $45,060.07 in 2015, but the average continued to climb steadily, reaching roughly $59,237.16 by 2021. This noticeable rise in income levels may suggest increasing economic opportunities or growth in the area, potentially making Sherman County an appealing option for investors, new residents, and real estate developers.
Average State and Local Income Taxes Per Tax Return in Sherman County, KS Over the Last 10 Years
Income taxes in Sherman County, Kansas, have shown significant fluctuations over the past decade, with a peak at $7,575.00 in 2013 and the lowest average at $3,860.00 in 2015. There is a noticeable dip between 2012 and 2015, followed by a gradual rise, indicating potential economic changes or shifts in tax policy. The data's volatility could impact long-term financial planning for residents and investors, highlighting the importance of staying informed about local fiscal trends.
Average Total Tax Liability Per Tax Return in Sherman County, KS Over the Last 10 Years
Sherman County, Kansas has seen fluctuations in average total tax liability per tax return over the past decade. The highest point was in 2012 at $8,576.92, followed by a notable drop to $6,621.00 in 2015. By 2021, there was a rebound to $7,879.33. These variations may be influenced by local economic changes, and could be a key consideration for potential investors or residents analyzing cost of living and economic stability in the area.
Cost of Living in Sherman County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,077 | $1,363 | $2,183 | $966 | $1,123 |
| 1 adult 4 children | $1,077 | $1,113 | $1,671 | $966 | $1,200 |
| 2 adults 3 children | $1,077 | $1,114 | $1,893 | $966 | $892 |
| 1 adult 3 children | $1,077 | $909 | $1,381 | $966 | $943 |
| 2 adults 2 children | $885 | $912 | $1,603 | $837 | $796 |
| 1 adult 2 children | $885 | $681 | $1,091 | $837 | $704 |
| 2 adults 1 child | $885 | $721 | $1,313 | $419 | $736 |
| 1 adult 1 child | $885 | $465 | $801 | $419 | $611 |
| 2 adults | $672 | $579 | $1,023 | $0 | $625 |
| 1 adult | $656 | $316 | $511 | $0 | $549 |
Safety trends & Data
Over the last five years in Sherman County, Kansas, property crimes have fluctuated, with larceny-theft peaking at 24 incidents in 2020 compared to previous years. Vandalism has seen a general rise, increasing from 1 incident in 2018 to 5 in 2022. Motor vehicle theft remains relatively low, mostly holding steady at 1 incident per year, apart from a peak at 3 in 2020. Burglary and fraud have had sporadic occurrences, with a slight uptick in burglaries in 2022. These trends hint at periodic... Read more
Property Crime Trends in Sherman County, KS Over the Last 5 Years
Over the last five years in Sherman County, Kansas, property crimes have shown fluctuating trends. Larceny-theft saw a peak in 2020 with 24 reported incidents, a notable jump from previous years. Vandalism incidents have generally risen, with an uptick from 1 in 2018 to 5 in 2022. Motor vehicle thefts remain relatively low, peaking at 3 in 2020 but holding steady at 1 most other years. Burglary and fraud have had sporadic occurrences, with a slight increase in burglary incidents in 2022. These trends could suggest a periodic spike in certain crimes, which might be useful for those considering investment or property development.
Demographics
Sherman County, Kansas has a fairly balanced gender distribution with 2,256 males and 2,201 females. Educational attainment shows a significant portion of residents have completed high school or some college, but a smaller number hold graduate or professional degrees. Age distribution reveals a relatively even spread, though there's a noticeable decline in the population from age 25 to 34. The county's racial makeup is predominantly White, with small representations from Black or African... Read more
Race Distribution in Sherman County, Kansas (2022)
Educational Attainment in Sherman County, Kansas (2022)
Age Distribution in Sherman County, Kansas
Citizen Population in Sherman County, Kansas (2022)
Political Trends & Data
Sherman County, Kansas, displayed a robust Republican leaning in the 2020 U.S. Presidential Election, with about 83% supporting the GOP. In contrast, Democrats received roughly 15% of the vote, and Libertarians secured just under 3%. This strong preference for Republican candidates may indicate a predominantly conservative political climate in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sherman County, Kansas, exhibited a strong Republican preference in the 2020 U.S. Presidential Election, with approximately 83% of the vote. Democrats garnered around 15%, while Libertarians captured just under 3%. The dominance of Republican votes could suggest a conservative leaning in the county’s political landscape.
83.20% of voters voted for the Republican party in the 2020 Presidential Election
14.52% of voters voted for the Democrat party in the 2020 Presidential Election
2.27% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Sherman County, Kansas has seen its student-to-teacher ratio fluctuate between 10 and 14 over the past decade, with the most recent figure matching the national average at 14 students per teacher. This could intrigue real estate investors and families considering relocation as it may impact views on educational quality. Developers and insurance agents might also find these variations relevant, as they can indirectly influence growth potential and property values in the... Read more
Student-to-teacher ratio in Sherman County, Kansas over the last 10 years
Sherman County, Kansas has experienced fluctuating student-to-teacher ratios over the past decade, with values dipping as low as 10 students per teacher in 2015 and peaking at 14 in 2023. Such variations might matter to potential investors, real estate agents, and families considering relocation because they can influence perceptions of educational quality and resources. With the recent ratio aligning with the national average of 14 students per teacher, Sherman County's current educational environment appears competitive on a broader scale. For insurance agents and developers, these ratios could indirectly affect the area's growth potential and property values.
