Buchanan County Real Estate and Livability Trends
Buchanan County, Missouri's real estate market presents an interesting mix of increasing home values, jumping from $109,700 in 2015 to $149,600 in 2022, and rising real estate taxes, which went from $1,883.33 in 2012 to $3,349.02 in 2021. Trends indicate a likely shift in land use or agricultural profitability due to a slight decline in farming tax returns over the past decade. Despite... Read more
Buchanan County Market Trends
Buchanan County, Missouri's real estate market shows an intriguing blend of affordability and rising home values, moving from $109,700 in 2015 to $149,600 in 2022, making it a potentially attractive area for buyers and investors. Residential energy tax credits in the county have seen volatility, peaking at $1,938.46 in 2018, indicating fluctuating interest in energy-efficient improvements. Real... Read more
Median Value of Occupied Housing Units in Buchanan County, Missouri Over the Last 8 Years
Buchanan County, Missouri has experienced a steady rise in the median value of occupied housing units over the past eight years, with values increasing from $109,700 in 2015 to $149,600 in 2022. This upward trend appears more pronounced when compared to the state and national averages. Missouri’s median home values moved from $138,400 in 2015 to $199,400 in 2022, while nationally, the figures rose from $125,500 to $179,400 during the same period. Potential buyers or investors might find Buchanan County appealing due to its relatively more affordable housing prices, despite the recent uptick.
Residential Energy Tax Credit Per Tax Return in Buchanan County, MO Over the Last 9 Years
Looking at residential energy tax credits in Buchanan County, Missouri over the last nine years, there's notable volatility with 2018 peaking at $1,938.46. The credits generally increased again from $496.97 in 2015 to $1,293.18 in 2019, suggesting a growing interest or investment in energy-efficient improvements. However, potential investors or builders should be aware that these values can fluctuate, as evidenced by the varying figures over the years, which might reflect shifting economic conditions or policy changes. This trend might be particularly important for appraisers and insurance agents assessing property values and risk.
Average Real Estate Taxes Per Tax Return in Buchanan County, MO Over the Last 10 Years
Over the last 10 years, real estate taxes per tax return in Buchanan County, Missouri have seen a notable rise. Starting at approximately $1,883.33 in 2012, they steadily climbed to $3,349.02 by 2021. This upward trend, particularly the significant jumps in 2018 and 2019, could suggest an increase in property values or changes in local tax policies, affecting potential buyers, real estate agents, investors, and appraisers.
Percentage of Farm Returns in Buchanan County, MO Over the Last 10 Years
Over the last decade, Buchanan County, Missouri has seen a gradual decrease in the percentage of farm tax returns, dropping from about 1.99% in 2012 to roughly 1.68% in 2021. Farm tax returns reflect the income and expenses of farming operations, which can provide insights into the agricultural health and economic trends of the region. This subtle downward trend might suggest shifts in land use, agricultural profitability, or demographics, potentially relevant for those considering investments or property development in the area.
Number of Mortgages by Occupancy Type in Buchanan County, MO Over the Last 5 Years in Buchanan County
In Buchanan County, Missouri, the data highlights a notable trend in mortgage counts over the past five years. Principal residences consistently dominate the market, with peak mortgage activity observed in 2021 at 4253. Interestingly, investment property mortgages have shown a variable pattern, peaking at 511 in 2021 but experiencing a decline to 374 by 2022. Mortgages for second residences remain negligible, rarely surpassing 40. These trends can signal shifts in investor confidence, housing demand, and market stability, which are critical insights for investors, appraisers, and property developers. Understanding these patterns assists in evaluating market opportunities, risk assessment, and future market behavior.
Economic Outlook
Buchanan County, Missouri has experienced a growth in average taxable income per tax return from roughly $46,708.27 in 2013 to about $61,093.24 in 2021, hinting at improved economic vitality in the area. However, state and local income taxes have shown notable fluctuations, peaking at $16,176.92 in 2019 and $15,954.70 in 2021. In parallel, the average total tax liability climbed from $7,299.45 in 2012 to $9,113.08 in 2021, reflecting either rising incomes or policy shifts. Additionally, poverty... Read more
Average Taxable Income per Tax Return in Buchanan County, MO over the last 9 years
Buchanan County, Missouri has seen a steady increase in average taxable income per tax return over the past nine years, with figures rising from approximately $46,708.27 in 2013 to around $61,093.24 in 2021. This trend suggests a growing economic health within the county, potentially making it an attractive area for real estate investors and those considering relocation. However, it is also crucial for appraisers and insurance agents to note this upward movement as it may impact property valuations and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Buchanan County, MO Over the Last 10 Years
Buchanan County, Missouri has seen a significant fluctuation in average state and local income taxes per tax return over the past decade. Tax amounts have varied, with notable increases in recent years, peaking at $16,176.92 in 2019 and $15,954.70 in 2021. This variability may be tied to changes in local economic conditions, tax policy adjustments, or shifts in the income levels of local residents. Those considering investing in or moving to Buchanan County should take into account these potential tax implications as part of their financial planning.
Average Total Tax Liability Per Tax Return in Buchanan County, MO Over the Last 10 Years
Over the past decade, Buchanan County, Missouri has seen a general upward trend in the average total tax liability per tax return, starting from $7,299.45 in 2012 and reaching $9,113.08 in 2021. This gradual increase, particularly the noticeable spike in 2016 to $8,251.12 and in 2021, could be reflective of rising incomes or changes in tax policies. This insight is crucial for investors, real estate agents, and potential movers as it underscores both the economic growth in the area and the potential for higher cost of living. Understanding these trends can help in making informed decisions about property investments, strategic business planning, and financial forecasting in Buchanan County.
Cost of Living in Buchanan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,395 | $2,455 | $792 | $1,201 |
| 1 adult 4 children | $1,174 | $1,140 | $1,890 | $792 | $1,255 |
| 2 adults 3 children | $1,174 | $1,140 | $2,124 | $792 | $947 |
| 1 adult 3 children | $1,174 | $931 | $1,559 | $792 | $978 |
| 2 adults 2 children | $905 | $933 | $1,793 | $716 | $809 |
| 2 adults 1 child | $905 | $738 | $1,461 | $466 | $764 |
| 1 adult 2 children | $905 | $697 | $1,228 | $716 | $701 |
| 1 adult 1 child | $905 | $476 | $896 | $466 | $630 |
| 2 adults | $688 | $593 | $1,130 | $0 | $607 |
| 1 adult | $605 | $323 | $565 | $0 | $516 |
Safety trends & Data
Buchanan County, Missouri has seen significant shifts in property crime over the past five years which could impact real estate market dynamics. Larceny-theft peaked at 401.00 incidents in 2019 but dipped to 220.00 by 2022, while burglary cases dropped from 54.00 to 23.00 in the same period. Motor vehicle thefts fell from a high of 72.00 in 2019 to 35.00 in 2022. Vandalism remained relatively stable, mostly ranging between 65.00 and 72.00 incidents. These crime trends might affect local... Read more
Property Crime Trends in Buchanan County, MO Over the Last 5 Years
Over the past five years, Buchanan County, Missouri has experienced notable fluctuations in property crimes. Larceny-theft consistently tops the list, peaking at 401.0 incidents in 2019 but gradually decreasing to 220.0 in 2022. Burglary showed a declining trend from 54.0 cases in 2019 to 23.0 in 2022. Motor vehicle theft saw a sharp rise in 2019 with 72.0 incidents but dropped to 35.0 by 2022. Arson remained relatively low, with a minor spike in 2021. Vandalism levels have been somewhat stable, hovering around the 65.0 to 72.0 range. These trends could influence real estate markets, insurance premiums, and investment decisions.
Demographics
Buchanan County, Missouri, exhibits a fairly balanced adult population, with a subtle male majority. The educational attainment reveals that a significant portion of the population holds at least a high school diploma, though the number of residents with a bachelor's degree or higher is relatively modest. Age-wise, the population is distributed across a wide range, but there is a noticeable concentration in the 25 to 44 years segment, suggesting a potential workforce core. Racially, the county... Read more
Race Distribution in Buchanan County, Missouri (2022)
Educational Attainment in Buchanan County, Missouri (2022)
Age Distribution in Buchanan County, Missouri
Citizen Population in Buchanan County, Missouri (2022)
Political Trends & Data
In Buchanan County, Missouri, roughly 61% of voters supported the Republican candidate in the latest presidential election, while about 37% backed the Democrat. Minor parties like the Libertarian and Green captured only a tiny fraction. This significant tilt towards Republicans might hint at a stable political environment, potentially impacting local policies and development trends, including the real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Buchanan County, Missouri, exhibited a notable lean towards the Republican candidate with approximately 61% of the vote, while the Democrat contender secured around 37%. Minor parties, such as the Libertarian and Green parties, captured a negligible share, suggesting a predominantly two-party preference among voters. This voting pattern could potentially indicate a relatively stable political alignment within the county.
61.34% of voters voted for the Republican party in the 2020 Presidential Election
36.74% 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
0.35% 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
The student-to-teacher ratio in Buchanan County, Missouri, has seen fluctuations between 12 and 14 over the past decade, dipping as low as 12 in 2018 but more recently settling around 13. With these smaller class sizes hovering just below the national average of 14, the area could appeal to families focused on education quality. For investors and real estate agents, this might suggest a steady interest in family housing. Insurance agents may also find this data significant as appealing school... Read more
Student-to-teacher ratio in Buchanan County, Missouri over the last 10 years
The student-to-teacher ratio in Buchanan County, Missouri, has generally fluctuated between 12 and 14 over the past decade. While ratios dipped below the national average of 14 students per teacher for several years, reaching as low as 12 in 2018, recent figures show a rise to around 13. This relatively lower ratio suggests smaller class sizes, which could be beneficial for individual attention in classrooms, potentially making the location more attractive for families prioritizing education. For investors and real estate agents, this could indicate a stable interest in family housing, while insurance agents might see a correlation with property values stabilizing due to appealing school conditions.
