Benton County Real Estate and Livability Trends
In Benton County, Missouri, average taxable income per tax return jumped from $36,304.27 in 2013 to $51,027.60 in 2021, paralleling an increase in local income taxes. Median home values saw a sharp rise from $111,200 in 2015 to $154,700 in 2022, signaling a promising environment for investors seeking high-growth, budget-friendly opportunities. Real estate taxes surged from $1,392.17 in 2012 to... Read more
Benton County Market Trends
Median home values in Benton County, Missouri shot up from $111,200 in 2015 to $154,700 in 2022, potentially making it a notable hotspot for investors looking for high-growth, budget-friendly options. The rise in average residential energy tax credits, peaking at $1,557.14 in 2019, suggests an increased focus on energy-efficient upgrades, adding further appeal for value-conscious buyers and... Read more
Median Value of Occupied Housing Units in Benton County, Missouri Over the Last 8 Years
Median home values in Benton County, Missouri have experienced a robust increase, rising from $111,200 in 2015 to $154,700 in 2022. Although still trailing behind the state of Missouri's median value of $199,400 and the national median of $179,400 in 2022, this growth could indicate a lucrative opportunity for investors, developers, and potential homebuyers looking for more affordable yet appreciating markets. The gradual climb especially post-2019 suggests economic or infrastructural developments worth noting for anyone keeping an eye on market trends in this region.
Residential Energy Tax Credit Per Tax Return in Benton County, MO Over the Last 8 Years
Benton County, Missouri has experienced a noticeable increase in the average residential energy tax credit per tax return over the past eight years. Starting at $475.00 in 2013, the figures showed significant jumps, peaking at $1,557.14 in 2019. This trend may hint at a growing investment in energy-efficient home improvements, which could be appealing for investors, homeowners, and real estate agents looking to enhance property values and sustainability. Additionally, insurance agents and appraisers might see the higher credits as a sign of improved home energy systems, potentially influencing premiums and property assessments.
Average Real Estate Taxes Per Tax Return in Benton County, MO Over the Last 10 Years
Over the past decade, Benton County, Missouri has seen a steady increase in average real estate taxes per tax return, rising from approximately $1,392.17 in 2012 to about $2,605.00 in 2021. Notably, there was a significant jump between 2017 and 2019 where taxes surged from roughly $1,698.13 to $2,310.00. Those looking to invest or build property in this area might want to consider the upward trend in property tax commitments, as it could impact overall cost calculations and financial planning. Moreover, this trend could signal shifting economic conditions or rising property values, which could be appealing to real estate agents and appraisers.
Percentage of Farm Returns in Benton County, MO Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Benton County, Missouri has shown slight fluctuations, ranging from around 8.36% in 2020 to a peak of 9.66% in 2015. Farm tax returns, which are filings specific to agricultural income, can indicate the health and activity level of farming in the area. Such data can be crucial for investors, potential property buyers, or residents, suggesting generally stable agricultural activity, with some variations that may be influenced by economic or environmental factors.
Number of Mortgages by Occupancy Type in Benton County, MO Over the Last 5 Years in Benton County
Over the last five years in Benton County, Missouri, the number of mortgages for principal residences has generally trended upward with notable peaks, reflecting a strong interest in permanent housing. Investment properties have seen a slight increase, suggesting more individuals or entities might be considering rental market opportunities, which can impact local housing availability and prices. Second residences, although fluctuating, have maintained a relatively stable presence, indicating a consistent demand for vacation or secondary homes. These shifts in mortgage types are important for investors, real estate agents, and builders to understand, as the balance between these occupancy types can affect market dynamics, including property values, rental yields, and insurance risks.
Economic Outlook
In Benton County, Missouri, average taxable income per tax return grew significantly from $36,304.27 in 2013 to $51,027.60 in 2021, suggesting rising economic prosperity. Parallel to this, average state and local income taxes per return increased from $3,736.73 in 2012 to $8,052.94 in 2021. Additionally, the average total tax liability per return rose from $4,526.64 in 2012 to $6,900.31 in 2021. These trends indicate a robust fiscal environment potentially making the area more appealing for... Read more
Average Taxable Income per Tax Return in Benton County, MO over the last 9 years
In Benton County, Missouri, average taxable income per tax return has shown a steady upward trend over the past nine years, culminating in a notable increase from $36,304.27 in 2013 to $51,027.60 in 2021. This gradual rise suggests growing economic prosperity, potentially making the region more attractive for investors, real estate professionals, and those considering relocation. Elevated income levels could also influence property values and insurance rates, ultimately impacting decisions about building and investing in the area.
Average State and Local Income Taxes Per Tax Return in Benton County, MO Over the Last 10 Years
Over the past decade, Benton County, Missouri has seen a notable upward trend in average state and local income taxes per tax return. Starting from $3,736.73 in 2012, these taxes consistently increased, reaching $8,052.94 in 2021. This significant rise suggests a growing financial contribution from residents, potentially reflecting economic changes and developmental strides in the area. For those eyeing opportunities in Benton County, the trend may indicate a robust fiscal environment worth exploring.
Average Total Tax Liability Per Tax Return in Benton County, MO Over the Last 10 Years
Over the past decade, Benton County, Missouri has seen a variable yet steady increase in the average total tax liability per tax return. In 2012, the figure was $4,526.64, and it climbed annually to reach $6,900.31 by 2021. This upward trend suggests that residents and property owners in the county may be facing higher financial obligations, likely reflecting broader economic growth or changes in tax policy. Such information could be crucial for potential investors, homebuyers, appraisers, and insurance agents when evaluating the area's fiscal environment.
Cost of Living in Benton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $990 | $1,331 | $2,513 | $900 | $1,225 |
| 1 adult 4 children | $990 | $1,087 | $1,926 | $900 | $1,289 |
| 2 adults 3 children | $990 | $1,087 | $2,178 | $900 | $968 |
| 1 adult 3 children | $990 | $888 | $1,591 | $900 | $973 |
| 2 adults 2 children | $746 | $890 | $1,843 | $774 | $800 |
| 1 adult 2 children | $746 | $665 | $1,256 | $774 | $707 |
| 2 adults 1 child | $746 | $704 | $1,508 | $364 | $724 |
| 1 adult 1 child | $746 | $454 | $921 | $364 | $584 |
| 2 adults | $567 | $565 | $1,173 | $0 | $602 |
| 1 adult | $563 | $308 | $586 | $0 | $528 |
Safety trends & Data
Benton County, Missouri has experienced significant variability in property crime over the past five years. Notably, larceny-theft spiked to 57 cases in 2019 but burglary plummeted to just 2 in 2021. Motor vehicle theft peaked in 2020 with 20 incidents then dropped sharply to 2 in 2021. Potential investors, residents, and real estate professionals may find these fluctuations relevant when evaluating market stability and... Read more
Property Crime Trends in Benton County, MO Over the Last 5 Years
Benton County, Missouri has seen notable fluctuations in property crime over the last five years, with a peak in offenses in 2019, particularly in larceny-theft with 57 reported cases. In contrast, 2021 marked a significant drop across nearly all categories, including burglary which fell to just 2 cases. Motor vehicle theft saw a spike in 2020 with 20 incidents but reduced substantially to just 2 incidents in 2021. These patterns suggest a variable property crime landscape that potential investors, residents, and real estate professionals might find worth considering when assessing market stability and safety.
Demographics
Benton County, Missouri showcases a noticeable gender balance with a slight male majority. A significant proportion of the population holds a high school diploma or some college education, yet relatively few have achieved advanced degrees. The age distribution highlights a predominantly older demographic, particularly those aged 55 and above. Racially, the area is overwhelmingly white, with minimal representation from other racial groups. The dynamics of these statistics may impact local policy... Read more
Race Distribution in Benton County, Missouri (2022)
Educational Attainment in Benton County, Missouri (2022)
Age Distribution in Benton County, Missouri
Citizen Population in Benton County, Missouri (2022)
Political Trends & Data
Benton County, Missouri, tends to lean heavily Republican, as evidenced by the 77% vote share for the Republican party in the 2020 U.S. Presidential Election. The Democratic party managed around 21%, with minor parties like the Libertarian and Green parties barely noticeable at 1.5% and 0.2%, respectively. This dominant Republican presence could influence local policies and real estate developments, potentially making it more appealing for those with similar political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Benton County, Missouri, the 2020 U.S. Presidential Election saw a significant majority leaning towards the Republican party with roughly 77% of the votes. The Democratic party garnered about 21%, while minor parties such as the Libertarian and Green parties barely made a dent with approximately 1.5% and 0.2% respectively. This pattern suggests a strong Republican presence in the area, with other parties struggling to gain traction.
77.41% of voters voted for the Republican party in the 2020 Presidential Election
20.81% of voters voted for the Democrat party in the 2020 Presidential Election
1.45% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Benton County, Missouri has experienced significant shifts in student-to-teacher ratios over the past decade, ranging from about twelve students per teacher in 2017 to approximately sixteen in 2023. These fluctuations, when compared to the national average of fourteen students per teacher, could influence property values and local educational quality. Investors, real estate agents, and families should take these trends into account, as larger class sizes often correlate with potential changes... Read more
Student-to-teacher ratio in Benton County, Missouri over the last 10 years
Over the last decade, Benton County, Missouri has seen notable fluctuations in its student-to-teacher ratio, with figures oscillating from a low of approximately twelve students per teacher in 2017 to a peak of around sixteen students per teacher in 2023. While the national average hovers around fourteen students per teacher, Benton County's ratios suggest potential impacts on educational quality and class sizes. For investors, real estate agents, and families considering relocation, understanding these trends could be crucial. A higher student-to-teacher ratio may indicate larger class sizes, potentially affecting property values and local educational standards. Similarly, insurance agents and appraisers might find these trends relevant as they reflect community priorities and resource allocation within the county.
