Missouri Real Estate and Livability Trends
Missouri's median home values have jumped from $138,400 in 2015 to $199,400 by 2022, outpacing national growth and hinting at a potentially lucrative market for investors. Property tax burdens have also escalated significantly, rising from around $2,764.94 in 2012 to roughly $5,252.18 by 2021, which could be a consideration for prospective buyers. Additionally, the average taxable income per tax... Read more
Missouri Market Trends
Missouri's median home values have surged from $138,400 in 2015 to $199,400 by 2022, outpacing national increases and potentially signaling a lucrative region for investors. Meanwhile, the average residential energy tax credit in Missouri experienced a sharp spike in 2018, reaching $3,094.68, before dropping but staying above earlier levels, reflecting volatile policy incentives. Average real... Read more
Median Value of Occupied Housing Units in Missouri Over the Last 8 Years
Missouri's median home values have consistently increased over the past eight years, starting from $138,400 in 2015 and reaching $199,400 by 2022. This approximates a $61,000 rise, outpacing the national climb from $125,500 to $179,400 within the same span. Such a trend might suggest Missouri is an appealing target for investors and potential homeowners seeking property value growth superior to national averages.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Missouri over the last 10 years
Active Loans 30-60 Days Past Due in Missouri over the last 10 years in Missouri
Perent of loans that are Active Loans 90-180 Days Past Due in Missouri over the last 10 years in Missouri
Residential Energy Tax Credit Per Tax Return in Missouri Over the Last 9 Years
In Missouri, over the last nine years, the average residential energy tax credit per tax return has seen significant fluctuations. From 2013 to 2017, there was a steady rise from $487.15 to $839.55. A dramatic spike occurred in 2018, jumping to $3,094.68, before dipping in subsequent years but remaining above the early levels. This volatile trend suggests varying policy incentives and uptake rates, making it a potentially lucrative but unpredictable factor for homeowners, investors, and real estate professionals to consider when evaluating energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Missouri Over the Last 10 Years
Over the past decade, Missouri has seen a noticeable upward trajectory in its average real estate taxes per tax return, starting at approximately $2,764.94 in 2012 and reaching around $5,252.18 by 2021. The sharpest increases appear to be between 2017 and 2018, suggesting potential localized economic changes or shifts in property valuations within the state. This trend may be significant for potential homeowners and investors as it indicates rising property tax liabilities, which could affect budgeting and long-term financial planning. Additionally, real estate agents and insurance agents might need to adjust their strategies and advice to clients, reflecting the increasing tax burden as part of the overall cost of home ownership in Missouri.
Percentage of Farm Returns in Missouri Over the Last 10 Years
For those eyeing investment in Missouri's agricultural sector or considering relocating to the region, recent trends in farm tax returns can be of particular interest. Over the last decade, the percentage of farm returns seems to have incrementally dipped from around 3.55% in 2012 to approximately 3.18% in 2021. This gradual decline might hint at underlying economic shifts within the farming industry or broader economic changes. Understanding these nuances is crucial for strategizing long-term investments or making informed decisions about property development and lifestyle changes in the area.
Economic Outlook
Average taxable income per tax return in Missouri has risen from $55,094.67 in 2013 to $79,424.66 in 2021, which may signal a stronger economy or inflation-adjusted income changes. State and local income taxes per tax return have also almost doubled, growing from $6,143.59 in 2012 to $13,024.76 in 2021, particularly accelerating post-2017. Additionally, the total tax liability per tax return has climbed, reaching nearly $13,984.11 in 2021. These trends could interest investors and real estate... Read more
Average Taxable Income per Tax Return in Missouri over the last 9 years
Average taxable income per tax return in Missouri has been on a steady rise over the past nine years, showing significant growth particularly from 2017 onwards. From $55,094.67 in 2013, it reached $79,424.66 in 2021, reflecting possibly a stronger underlying economy or inflation-adjusted income changes. This trend might attract investors and real estate agents, flexible to seize opportunities in a progressively wealthier market. Appraisers and insurance agents might need to adjust their valuations and risk assessments, while potential homeowners could find it increasingly challenging to afford property without considering the corresponding rise in incomes.
Average State and Local Income Taxes Per Tax Return in Missouri Over the Last 10 Years
Over the last decade, the average state and local income taxes per tax return in Missouri have shown a consistent upward trend, nearly doubling from $6,143.59 in 2012 to $13,024.76 in 2021. This substantial increase, especially noticeable after 2017, underscores potential shifts in tax policy or economic conditions, making it an essential factor for those considering financial commitments in the state. Investors, homebuyers, and residents might find this information valuable when evaluating the economic landscape and cost of living in Missouri.
Average Total Tax Liability Per Tax Return in Missouri Over the Last 10 Years
The average total tax liability per tax return in Missouri has generally seen an upward trend over the past decade, with notable peaks starting around 2017 and a significant jump in 2021 reaching approximately $13,984.11. Such data suggests that residents are seeing higher tax liabilities, possibly reflecting increasing incomes or changes in tax policy. For investors, appraisers, and real estate agents, this could imply a growing economic environment but also warrants a deeper look into local tax regulations. Builders and insurance agents might consider these trends when advising clients, planning projects, or setting premiums in the area.
Cost of Living in Missouri
Safety trends & Data
Property crime trends in Missouri over the last five years show slight decreases in arson and burglary incidents, though motor vehicle theft has varied. Fraud cases remain high despite a decline, potentially worrying for local businesses and investors. Embezzlement and forgery activities have also decreased, perhaps indicating better economic conditions or improved preventive measures. These insights could be valuable for real estate agents, appraisal professionals, and potential investors in... Read more
Property Crime Trends in Missouri Over the Last 5 Years
Property crime trends in Missouri over the last five years highlight some notable shifts. Generally, arson and burglary incidents show a slight decrease, while motor vehicle theft has seen fluctuations. Notably, fraud cases, although declining, remain significantly high, which might be an area of concern for local businesses and investors. Embezzlement and forgery activities have also shown downward trends, suggesting improved economic conditions or enhanced preventive measures. These insights could be valuable for real estate agents, appraisal professionals, and potential investors in gauging the overall safety and stability of the region.
Demographics
Missouri’s adult population appears fairly balanced between genders, with females comprising a slightly larger share than males. The state's educational attainment suggests a significant portion of adults have a high school diploma or some college experience, while bachelor's and advanced degree holders represent a smaller portion. Age distribution data indicates a substantial number of residents fall into the 25 to 64 years range, hinting at a relatively mature population. Race distribution... Read more
Race Distribution in Missouri (2022)
Educational Attainment in Missouri (2022)
Age Distribution in Missouri
Citizen Population in Missouri (2022)
Political Trends & Data
Missouri's real estate market trends could potentially be influenced by its political landscape, with over half the votes in the 2020 Presidential Election leaning towards the GOP. This might suggest a stable, conservative market with a preference for long-term investments and traditional property types. Additionally, the strong showing for both major parties hints at a competitive environment, potentially driving diverse investment opportunities and market dynamics. Understanding these voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Missouri, the 2020 U.S. Presidential Election results might hint at a dominant Republican preference, with over half of the votes possibly leaning toward the GOP. Democratic support was significant but trailed behind, potentially indicating a competitive two-party system. Minor parties like Libertarians and Greens could have had a minimal impact, suggesting a strong inclination towards the major parties. This data might highlight the political landscape and voter alignment in Missouri.
56.80% of voters voted for the Republican party in the 2020 Presidential Election
41.41% of voters voted for the Democrat party in the 2020 Presidential Election
1.36% of voters voted for the Libertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.13% of voters voted for the Other party in the 2020 Presidential Election
School Data
Missouri has consistently maintained student-to-teacher ratios around eleven to twelve students per teacher, slightly below the national average of fourteen. This focus on more personalized education could attract investors, real estate agents, and families looking to relocate, as it often correlates with higher property values and better educational outcomes. Appraisers and insurance agents might find this trend relevant as it can impact market dynamics and demand for homes in regions with... Read more
Student-to-teacher ratio in Missouri over the last 10 years
Over the last decade, Missouri has seen a consistent trend of student-to-teacher ratios slightly below the national average of fourteen students per teacher, stabilizing around eleven to twelve students per teacher. For potential investors, real estate agents, and those looking to relocate, this could indicate an emphasis on more personalized education and potentially better educational outcomes. Appraisers and insurance agents might find this trend relevant as it often correlates with higher property values in areas with preferable school conditions. Such ratios can lead to increased demand for homes in regions with favorable schooling conditions, potentially affecting market dynamics. Those living in Missouri can take pride in their state's commitment to lower student-to-teacher ratios, which might result in a more attentive educational environment for their children.
