Thomas County Real Estate and Livability Trends
Thomas County, Kansas has seen median home values rise significantly from $105,100 in 2015 to $165,300 in 2022, indicating potential for investors and buyers. Despite this growth, home values still fall below state and national averages, potentially offering affordable options. Residential energy tax credits peaked in 2020, hinting at a trend toward energy-efficient upgrades. Real estate taxes... Read more
Thomas County Market Trends
Thomas County, Kansas has witnessed a significant rise in median home values from $105,100 in 2015 to $165,300 in 2022, suggesting it could be an emerging market for investors and new residents. Despite the overall growth, home values remain lower than the state and national averages, potentially offering affordable entry points for buyers. The county also saw noteworthy peaks in residential... Read more
Median Value of Occupied Housing Units in Thomas County, Kansas Over the Last 8 Years
Thomas County, Kansas has experienced noticeable growth in median home values over the past eight years, starting at $105,100 in 2015 and reaching $165,300 in 2022. While these values remain below the state average of $189,300 and the national average of $179,400 for 2022, the rate of increase in Thomas County suggests it could be an emerging market for potential investors or new residents. The moderate price point relative to Kansas and the United States may offer a more affordable entry for homebuyers, and the growth trajectory could signify promising investment opportunities.
Residential Energy Tax Credit Per Tax Return in Thomas County, KS Over the Last 7 Years
Residential energy tax credits in Thomas County, Kansas, have shown noticeable fluctuations over the past seven years, with a significant peak in 2020 at $600.00 per tax return, suggesting a potential surge in energy-efficient home upgrades. The period from 2013 to 2021 also featured a high in 2017 at $350.00, before witnessing a smaller drop and resurgence. This up-and-down trend could indicate varying levels of local investment in energy-efficient technologies or changes in policy incentives. For homeowners and prospective buyers aiming for sustainability, this data reveals a tendency toward periodic increases in energy-saving initiatives, potentially impacting property values and utility costs.
Average Real Estate Taxes Per Tax Return in Thomas County, KS Over the Last 10 Years
The trend in Thomas County, Kansas indicates a notable rise in average real estate taxes per tax return over the past decade, peaking at $4,584.62 in 2019 before slightly dipping to $3,925.00 in 2021. This upward movement, despite minor fluctuations, suggests an overall increase in property valuations or tax rates, which could impact investment decisions, property development, and real estate transactions. Investors, appraisers, and insurance agents should consider these trends when assessing future property values and tax liabilities.
Percentage of Farm Returns in Thomas County, KS Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Thomas County, Kansas has showcased slight fluctuations, hovering around 12%. Notable peaks occurred in 2017 at approximately 13% and a dip in 2019 at about 11.89%. These figures provide insight into the agricultural activity within the county, where any shifts could indicate changes in farm profitability, property turnover, or broader economic factors affecting farmers. Understanding these trends could be crucial for prospective investors, developers, and residents considering the local agricultural landscape's stability and growth potential.
Number of Mortgages by Occupancy Type in Thomas County, KS Over the Last 5 Years in Thomas County
In Thomas County, Kansas, the number of mortgages for principal residences has shown a consistent upward trend over the last five years, peaking in 2021 with 242 mortgages. Investment properties have also seen fluctuations, notably a significant rise in 2020 to 35 mortgages before stabilizing around 20-23 in subsequent years. Changes in occupancy type matter because they reflect shifting priorities and economic conditions. For instance, a rise in principal residency mortgages suggests growing confidence in long-term settlement, which might attract new businesses, boost local economies, and impact property values. Conversely, fluctuating investment property numbers can indicate changing investor confidence and market dynamics, crucial for potential investors, appraisers, and real estate agents.
Economic Outlook
Thomas County, Kansas has shown an overall upward trend in average taxable income per tax return, with a notable increase to $67,942.98 in 2021. This suggests potential economic resilience and growth. There's significant volatility in state and local income taxes, with a rise to $10,308.33 in 2020, potentially indicating increased government spending or a growing local economy. Total tax liabilities also fluctuated but have been climbing since 2018, reaching $10,208.81 in 2021, possibly due to... Read more
Average Taxable Income per Tax Return in Thomas County, KS over the last 9 years
Over the past nine years, Thomas County, Kansas has witnessed a fluctuating yet overall upward trend in average taxable income per tax return. While the average dipped slightly between 2013 and 2017, it rebounded in subsequent years, reaching a notable $67,942.98 in 2021. This could indicate economic resilience and growth potential, making this area potentially attractive for investors, developers, and those considering moving to the county.
Average State and Local Income Taxes Per Tax Return in Thomas County, KS Over the Last 10 Years
Thomas County, Kansas has seen considerable fluctuations in average state and local income taxes per tax return over the past decade. Notably, there was a significant dip from $7,615.63 in 2012 to $4,297.83 in 2014, followed by a steady rise peaking at $10,308.33 in 2020. Such volatility indicates a variable economic climate that could impact budgeting for residents and potential investors. The recent trend towards higher taxes may signal increased government spending or a growing local economy, essential factors for anyone evaluating the financial landscape of Thomas County.
Average Total Tax Liability Per Tax Return in Thomas County, KS Over the Last 10 Years
The average total tax liability per tax return in Thomas County, Kansas has exhibited noticeable fluctuations over the past decade. Starting at $10,055.33 in 2012, it saw a consistent decline until 2018, where it bottomed out at $8,117.49. From there, it gradually increased, reaching $10,208.81 in 2021. This trend may suggest varying economic conditions or policy changes impacting tax liabilities, which could be crucial for prospective investors, new residents, and property developers to consider when evaluating financial commitments and overall economic health in the area.
Cost of Living in Thomas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $959 | $1,355 | $2,183 | $966 | $1,127 |
| 1 adult 4 children | $959 | $1,107 | $1,671 | $966 | $1,211 |
| 2 adults 3 children | $959 | $1,107 | $1,893 | $966 | $897 |
| 1 adult 3 children | $959 | $904 | $1,381 | $966 | $953 |
| 2 adults 2 children | $788 | $906 | $1,603 | $837 | $807 |
| 1 adult 2 children | $788 | $677 | $1,091 | $837 | $743 |
| 2 adults 1 child | $788 | $716 | $1,313 | $419 | $762 |
| 1 adult 1 child | $788 | $463 | $801 | $419 | $618 |
| 2 adults | $599 | $575 | $1,023 | $0 | $637 |
| 1 adult | $584 | $314 | $511 | $0 | $554 |
Safety trends & Data
Thomas County, Kansas has experienced variable property crime trends over the past five years. Larceny-Theft incidents increased to 14 in 2019 from just 6 in 2018, before tapering to 7 in 2022. Fraud reached its peak in 2018 with 7 cases, while Vandalism hit 10 occurrences in 2020. Motor Vehicle Theft remained consistently low, ranging from 1 to 3 annually. These crime trends can inform investors, real estate agents, and insurers assessing risk and potential developments in the... Read more
Property Crime Trends in Thomas County, KS Over the Last 5 Years
Over the past five years, Thomas County, Kansas has seen fluctuating property crime trends. Notably, Larceny-Theft incidents spiked to 14 in 2019 from just 6 in 2018, then varied through subsequent years, settling at 7 in 2022. Instances of Fraud were highest in 2018 with 7 cases, while Vandalism peaked in 2020 with 10 occurrences. Motor Vehicle Theft maintained lower, but consistent, numbers ranging from 1 to 3 annually. These crime trends provide valuable insights for potential investors, real estate agents, and insurance agents considering risk assessments and future developments in the area.
Demographics
Thomas County, Kansas, exhibits fascinating demographic insights. The gender distribution seems relatively balanced, with slightly more women than men. Educational attainment trends suggest a strong inclination towards higher education, with most adults having some college education or higher. The age distribution indicates a fairly young population, with a substantial share under 35, which could affect future economic and social dynamics. Racial composition shows a predominance of White... Read more
Race Distribution in Thomas County, Kansas (2022)
Educational Attainment in Thomas County, Kansas (2022)
Age Distribution in Thomas County, Kansas
Citizen Population in Thomas County, Kansas (2022)
Political Trends & Data
Thomas County, Kansas, dives into real estate trends with a backdrop of heavy Republican leanings, as evidenced by over 82% voting for the GOP in the 2020 Presidential Election. Democrats held just over 16%, and Libertarians barely made a dent at 1.4%. This conservative voting pattern might indicate a community favoring stability and traditional values, factors potentially influencing market preferences and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Thomas County, Kansas, shows a strong tendency towards Republican candidates, with over 82% of the vote in the 2020 U.S. Presidential Election. Democrats captured around 16%, while Libertarians garnered a small 1.4%. No significant support was seen for the Green Party or other affiliations. This could suggest a deeply entrenched conservative voter base in the region.
82.15% of voters voted for the Republican party in the 2020 Presidential Election
16.40% of voters voted for the Democrat party in the 2020 Presidential Election
1.44% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Thomas County, Kansas has experienced notable fluctuations in its student-to-teacher ratio over the past decade, from approximately 10 in 2014 to almost 14 in 2019, now stabilizing around 12. These changes might appeal to families seeking a better educational environment despite a national average of 14 students per teacher. Real estate agents and potential investors could view this as a sign of a potentially more personalized education experience, while insurance agents and appraisers might... Read more
Student-to-teacher ratio in Thomas County, Kansas over the last 10 years
Thomas County, Kansas has seen fluctuations in its student-to-teacher ratio over the past decade, rising from about 10 students per teacher in 2014 to almost 14 in 2019, then stabilizing around 12 in recent years. Potential investors and real estate agents might find this data useful as lower student-to-teacher ratios can often suggest a more personalized education experience, which could make the area more attractive to families. For insurance agents and appraisers, shifts in population that affect school enrollment could influence property values and insurance premiums. Relative to the national average of 14 students per teacher, Thomas County might be appealing to those seeking a potentially better educational environment.
