Smith County Real Estate and Livability Trends
Smith County, Kansas has seen average taxable income rise from about $45,004.66 in 2013 to around $58,964.29 in 2021. This economic resilience, alongside fluctuating state and local taxes and a peak tax liability in 2012 and 2021, makes the area potentially attractive for investors eyeing stable financial landscapes. Median home values have increased from $64,000 in 2015 to $83,900 in 2022,... Read more
Smith County Market Trends
Smith County, Kansas has experienced a rise in median home values from $64,000 in 2015 to $83,900 in 2022, although this increase trails behind the broader state and national trends. This could make the area more attractive to buyers seeking affordability compared to the higher median values in Kansas and nationwide. Real estate taxes have shown variability, climbing from $2,176.92 in 2012,... Read more
Median Value of Occupied Housing Units in Smith County, Kansas Over the Last 8 Years
Smith County, Kansas has seen a notable fluctuation in median home values over the last 8 years, increasing from $64,000 in 2015 to $83,900 in 2022. This growth trajectory, while upward, lags behind the broader gains observed across Kansas and the United States. For comparison, median home values in Kansas rose from $132,000 to $189,300, and nationwide values surged from $125,500 to $179,400 over the same period. This disparity may present a more affordable entry point for those looking to invest or relocate, especially for buyers priced out of other markets.
Average Real Estate Taxes Per Tax Return in Smith County, KS Over the Last 10 Years
In Smith County, Kansas, the average real estate taxes per tax return over the last decade show a fluctuating pattern with an overall upward trend. After a modest increase from $2,176.92 in 2012 to $2,585.00 in 2015, taxes peaked at $2,852.63 in 2016. Following a dip in 2017 and 2018, the figure rose again, reaching $2,716.67 by 2021. This variability might serve as a consideration for potential real estate investors, appraisers, and insurance agents looking at property costs and valuations in the area.
Percentage of Farm Returns in Smith County, KS Over the Last 10 Years
Farm tax returns in Smith County, Kansas, have shown minimal fluctuation over the past decade, with a slight overall decline from 22.28% in 2012 to 20.98% in 2021, peaking at 23.50% in 2016. These returns represent the percentage of filed tax returns by farmers, signaling agricultural activity and profitability trends. This data could be pivotal for potential investors or those interested in agricultural real estate, suggesting moderately stable but somewhat declining farm-based economic contributions. For residents or those considering moving there, understanding these trends might help gauge the local economy's health and agricultural sector's viability.
Number of Mortgages by Occupancy Type in Smith County, KS Over the Last 5 Years in Smith County
Smith County, Kansas has seen a steady increase in the number of mortgages for principal residences over the past five years, making it an appealing spot for family-oriented buyers. The numbers went from 27 in 2018 to 51 in 2021, which might interest real estate agents looking to market homes in a stable and growing community. However, mortgages for investment properties and second residences have remained minimal, hinting at a region that currently leans toward long-term residential stability rather than speculative or vacation property investments. This trend may be a signal for appraisers and insurers that the county is a predominantly homeowner-occupied market, potentially affecting property valuations and insurance risk assessments. Investors eyeing Smith County might need to consider these dynamics when evaluating the potential for rental or secondary home markets.
Economic Outlook
Smith County, Kansas has experienced growth in average taxable income, rising from approximately $45,004.66 in 2013 to about $58,964.29 in 2021. This trend, coupled with fluctuations in state and local taxes, peaking at $6,900.00 in 2013 and stabilizing around the mid-$5,000 range, suggests economic resilience, making it attractive for potential investors. The area also saw total tax liability per tax return peak at $8,089.13 in 2012 with a rise again in 2021 to $8,645.99, hinting at either... Read more
Average Taxable Income per Tax Return in Smith County, KS over the last 9 years
Smith County, Kansas has experienced a notable upward trend in average taxable income over the past nine years. Starting at approximately $45,004.66 in 2013 and peaking at around $58,964.29 in 2021, the area has shown consistent growth after a dip between 2015 and 2016. This shift might suggest economic resilience or local economic development, which could be particularly interesting for potential investors and those considering moving to the area. The increase in average taxable income may also impact property values and local economic conditions, making this county an intriguing study for appraisers, real estate agents, and insurance agents.
Average State and Local Income Taxes Per Tax Return in Smith County, KS Over the Last 10 Years
Over the past decade, Smith County, Kansas has seen fluctuations in average state and local income taxes per tax return. The highest taxes were recorded in 2013 at $6,900.00, while the lowest was in 2014 at $4,193.33. These trends indicate a period of volatility followed by stabilization in the mid-$5,000 range, peaking again in 2021 at $6,580.00. This data can be crucial for investors and potential residents to understand the local tax environment and its potential impact on financial planning.
Average Total Tax Liability Per Tax Return in Smith County, KS Over the Last 10 Years
Over the past decade, Smith County, Kansas has seen some volatility in average total tax liability per tax return with a notable peak in 2012 at $8,089.13 and a noticeable dip in 2018 to $5,991.80. Interestingly, 2021 experienced a significant rise to $8,645.99, suggesting either enhanced economic activity or shifts in tax regulations. Such fluctuations might attract potential investors or residents who want to understand the financial landscape better, indicating that it’s a region with a potentially variable economic climate.
Cost of Living in Smith County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,113 | $1,460 | $2,183 | $966 | $1,295 |
| 1 adult 4 children | $1,113 | $1,192 | $1,671 | $966 | $1,397 |
| 2 adults 3 children | $1,113 | $1,193 | $1,893 | $966 | $1,044 |
| 1 adult 3 children | $1,113 | $974 | $1,381 | $966 | $1,121 |
| 2 adults 2 children | $788 | $976 | $1,603 | $837 | $856 |
| 1 adult 2 children | $788 | $729 | $1,091 | $837 | $773 |
| 2 adults 1 child | $788 | $772 | $1,313 | $419 | $783 |
| 1 adult 1 child | $788 | $498 | $801 | $419 | $650 |
| 2 adults | $698 | $620 | $1,023 | $0 | $704 |
| 1 adult | $584 | $338 | $511 | $0 | $579 |
Safety trends & Data
Smith County, Kansas, has experienced diverse property crime trends over the past three years, highlighting fluctuations in types of offenses. While 2019 recorded a single case related to stolen property, 2021 shifted focus to one motor vehicle theft, and 2022 diversified with isolated incidents in burglary, motor vehicle theft, and vandalism. These crime patterns are crucial for investors, insurance agents, and real estate professionals for accurate risk assessment and strategic... Read more
Property Crime Trends in Smith County, KS Over the Last 3 Years
Smith County, Kansas, has seen fluctuations in property crime over the last three years with a notable variety in offense types. In 2019, there was one case of stolen property involving buying, receiving, or possessing. By 2021, the focus shifted to a solitary motor vehicle theft. The year 2022 saw a diversification with isolated incidents of burglary, motor vehicle theft, and vandalism, each with one recorded occurrence. For potential investors, insurance agents, and real estate professionals, understanding these crime trends is crucial for risk assessment and strategic planning in property-related decisions.
Demographics
Smith County, Kansas, leans towards an older demographic with a significant portion of its population aged 55 and over. This possibly drives demand for healthcare and elder services. The county appears to be predominantly White, with minimal representation from other racial groups. A closer look at educational attainment reveals a substantial number of residents are high school graduates or have some college experience but lack a degree, suggesting there might be room for higher education... Read more
Race Distribution in Smith County, Kansas (2022)
Educational Attainment in Smith County, Kansas (2022)
Age Distribution in Smith County, Kansas
Citizen Population in Smith County, Kansas (2022)
Political Trends & Data
Smith County, Kansas, tends to be a Republican stronghold with over 82% of votes potentially favoring the GOP in the 2020 U.S. Presidential Election. Democrats might have secured roughly 16%, while Libertarians appear to have minimal impact at just over 1%. This voting pattern indicates that third-party influence could be negligible, highlighting a strong two-party dynamic in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Smith County, Kansas, appeared to lean heavily Republican in the 2020 U.S. Presidential Election, as evidenced by the GOP likely securing over 82% of the vote. Democrats managed to garner around 16%, while Libertarians saw support hovering just above 1%. This distribution suggests that third-party influence in this locale might be minimal, reinforcing the dominance of the two major parties within the county's political landscape.
82.81% of voters voted for the Republican party in the 2020 Presidential Election
15.78% of voters voted for the Democrat party in the 2020 Presidential Election
1.41% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Smith County, Kansas has witnessed its student-to-teacher ratio rise from around 10 students per teacher in 2014 to roughly 11 by 2023. Although still below the national average of 14, this increase may indicate changing educational dynamics, potentially influencing local decision-making for investors, developers, and policymakers. Families moving to Smith County could find the relatively low ratio appealing due to the promise of more personalized attention for students, a potential selling... Read more
Student-to-teacher ratio in Smith County, Kansas over the last 10 years
Smith County, Kansas has seen a gradual increase in its student-to-teacher ratio over the last decade, rising from roughly 10 students per teacher in 2014 to about 11 students per teacher by 2023. Although still below the national average of 14 students per teacher, this upward trend may hint at evolving educational dynamics, potentially impacting local decision-making for investors, developers, and policymakers. For families considering moving to Smith County, the relatively low student-to-teacher ratio could imply more personalized attention for students, while those in real estate or appraisal might find this appealing for marketing purposes.
