Cole County Real Estate and Livability Trends
Cole County, Missouri's real estate market has been marked by rising economic indicators, including average taxable income climbing from $56,637.15 in 2013 to $72,794.57 in 2021. Median home values hit $198,900 in 2022, close to the state average but above the national median, hinting at a robust housing market. Property taxes have risen sharply, from $2,401.52 in 2017 to $3,945.86 in 2020,... Read more
Cole County Market Trends
Cole County, Missouri has shown a steady increase in median home values, reaching $198,900 by the end of 2022, just shy of Missouri's $199,400 but above the national median of $179,400. There's been significant fluctuation in Residential Energy Tax Credits, peaking in 2018 at $3616.67, indicating growing homeowner interest in energy-efficient upgrades. Real estate taxes have risen markedly from... Read more
Median Value of Occupied Housing Units in Cole County, Missouri Over the Last 8 Years
Cole County, Missouri has seen a steady increase in median home values over the last eight years, finishing 2022 at $198,900. This growth puts it slightly behind the state of Missouri's $199,400, yet it remains higher than the national median of $179,400. These trends can be crucial for investors and builders looking to capitalize on a promising real estate market, signaling robust local demand and potential for appreciation.
Residential Energy Tax Credit Per Tax Return in Cole County, MO Over the Last 9 Years
Over the past nine years, Cole County, Missouri has seen notable fluctuations in the average Residential Energy Tax Credit per tax return, with the highest spike in 2018 at $3616.67. This suggests a significant increase in investments towards energy-efficient improvements or installations during that year. Other years, like 2016 and 2019, also show higher averages above $1200, indicating consistent, albeit varied, homeowner interest in energy-saving incentives. This trend may appeal to investors and real estate agents looking to tap into markets with active eco-friendly renovations, as well as appraisers and insurance agents noting the potential for home value impacts and energy efficiency adaptations.
Average Real Estate Taxes Per Tax Return in Cole County, MO Over the Last 10 Years
Over the last decade, Cole County, Missouri has experienced a noticeable rise in average real estate taxes per tax return, with a significant jump between 2017 and 2018 from approximately $2,401.52 to $3,334.04. This continued upward trend reached a peak in 2020 at $3,945.86, before slightly tapering off to $3,505.59 in 2021. These fluctuations provide critical insights for potential investors and real estate agents, suggesting a rising tax burden that could affect property valuations and overall market appeal. It's important to consider these figures for budgeting, property appraisals, and insurance assessments when contemplating real estate transactions in the area.
Percentage of Farm Returns in Cole County, MO Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Cole County, Missouri has generally hovered around 3.9%, with minor fluctuations. Peaking slightly above 3.9% in 2012 and 2015, the numbers dipped to around 3.5% by 2020 before mildly increasing again. This indicates relative stability in the agricultural tax base, which might be seen as a sign of consistent agricultural activity and investment potential within the county. Farm tax returns reflect the proportion of tax filings related to agricultural activities, providing a gauge for the economic footprint of farming in the area, which is crucial for investors and property developers assessing the viability of rural projects in Cole County.
Number of Mortgages by Occupancy Type in Cole County, MO Over the Last 5 Years in Cole County
Over the past five years, Cole County, Missouri has seen a noticeable shift in the number of mortgages by occupancy type. Principal residences consistently dominate, but have fluctuated significantly, peaking in 2020 with 4,475 mortgages and then dropping sharply in 2022 to 2,824. Investment properties show a steady, albeit smaller, range of variation, reaching their lowest in 2022 with 321 mortgages. Second residences maintain low but steady numbers. This variance is crucial for investors, potential homeowners, appraisers, and other stakeholders, as it indicates shifts in market dynamics and living preferences. High demand for principal residences suggests robust community growth, while stable investment property numbers may indicate sustained interest in rental markets.
Economic Outlook
Cole County, Missouri has been experiencing a general rise in average taxable income per tax return, from approximately $56,637.15 in 2013 to around $72,794.57 in 2021, suggesting growing economic strength and appeal for investors and potential residents. The county has also seen a marked increase in state and local income taxes since 2018, hitting $12,701.42 in 2021, which might indicate rising incomes or tax rate changes. Furthermore, average total tax liability per tax return has shown an... Read more
Average Taxable Income per Tax Return in Cole County, MO over the last 9 years
The average taxable income per tax return in Cole County, Missouri has shown a generally upward trend over the last nine years, increasing from approximately $56,637.15 in 2013 to about $72,794.57 in 2021. This suggests a growing economic strength in the region, which could attractive to investors, potential residents, and real estate professionals. Notably, there was a significant jump between 2020 and 2021, indicating possible economic recovery or growth acceleration post-pandemic. For appraisers and insurance agents, these figures might be relevant indicators of wealth distribution and housing market potential in the area.
Average State and Local Income Taxes Per Tax Return in Cole County, MO Over the Last 10 Years
Cole County, Missouri has seen a significant rise in average state and local income taxes per tax return over the past decade. The most notable jumps began in 2018, with averages hitting $11,295.45, and continuing upwards to $12,701.42 in 2021. This trend could imply rising incomes or changes in tax rates and regulations, factors that potential investors and residents should consider. With such data, it’s crucial to look into the economic drivers behind these figures and how they might impact future financial planning and decision-making.
Average Total Tax Liability Per Tax Return in Cole County, MO Over the Last 10 Years
The last decade shows a noteworthy trend in Cole County, Missouri's average total tax liability per tax return, revealing fluctuating yet generally escalating figures. Starting at $8,518.56 in 2012, there has been an overall upward trend, peaking at $10,788.17 in 2021, despite some dips in 2014 and 2018. This increasing tax liability indicates growing incomes or higher point transactions, making Cole County an intriguing area for potential investors or those considering property development. Real estate agents might find these trends useful when advising clients, and appraisers and insurance agents can leverage this data to better estimate property values and risks.
Cost of Living in Cole County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,079 | $1,416 | $2,509 | $852 | $1,256 |
| 1 adult 4 children | $1,079 | $1,156 | $1,932 | $852 | $1,318 |
| 2 adults 3 children | $1,079 | $1,156 | $2,171 | $852 | $994 |
| 1 adult 3 children | $1,079 | $944 | $1,593 | $852 | $1,029 |
| 2 adults 2 children | $759 | $947 | $1,832 | $738 | $813 |
| 1 adult 2 children | $759 | $707 | $1,255 | $738 | $721 |
| 2 adults 1 child | $759 | $748 | $1,493 | $368 | $747 |
| 1 adult 1 child | $759 | $483 | $916 | $368 | $605 |
| 2 adults | $620 | $601 | $1,155 | $0 | $637 |
| 1 adult | $616 | $328 | $577 | $0 | $544 |
Safety trends & Data
In Cole County, Missouri, property crime trends have seen notable shifts over the past five years. Larceny-Theft, while holding the highest incident numbers, is on a downward trend from $529.00 in 2018 to $268.00 in 2022. Fraud spiked significantly in 2021 at $404.00, and Motor Vehicle Theft has nearly doubled to reach $88.00 by 2022. The yearly oscillations in Burglary, ranging from $69.00 in 2019 to $29.00 in 2022, and Vandalism, increasing from $92.00 in 2018 to $132.00 in 2022, underscore... Read more
Property Crime Trends in Cole County, MO Over the Last 5 Years
Over the past five years in Cole County, Missouri, property crime trends generally indicate fluctuations in specific offenses. Larceny-Theft consistently holds the highest incident numbers yearly, though it shows a downward trend from 2018 (529.00) to 2022 (268.00). Interestingly, Fraud saw a significant spike in 2021 hitting 404.00. Meanwhile, Motor Vehicle Theft has nearly doubled from 2018 to 2022, reaching 88.00. The yearly oscillations in categories like Burglary, ranging from 69.00 in 2019 to 29.00 in 2022, and Vandalism, from 92.00 in 2018 to 132.00 in 2022, highlight the dynamic nature of property crimes, which could be crucial for potential investors, real estate agents, and others interested in the region.
Demographics
In Cole County, Missouri, males slightly outnumber females in the adult population. When it comes to educational attainment, most residents likely hold a high school diploma or have pursued some college education, with a significant portion obtaining bachelor's or graduate degrees. The age distribution suggests a balanced spread across most age groups, with the highest populations in the 25-34 and 35-44 age brackets. Racially, the county appears predominantly White, with Black or African... Read more
Race Distribution in Cole County, Missouri (2022)
Educational Attainment in Cole County, Missouri (2022)
Age Distribution in Cole County, Missouri
Citizen Population in Cole County, Missouri (2022)
Political Trends & Data
Cole County, Missouri, exhibited a clear conservative preference during the 2020 U.S. Presidential Election, with Republican candidates likely garnering around 66% of the votes. Democrats followed with approximately 32%, and minor parties collected just over 1.7% combined. This predominantly Republican inclination could indicate broader state or regional political tendencies influencing local policies and community planning, potentially impacting real estate market dynamics and investor... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cole County, Missouri, Republican candidates likely dominated the 2020 U.S. Presidential Election with about 66% of the votes. Democrats trailed significantly, securing roughly 32%, while minor parties such as the Libertarians and Greens captured just over 1.5% and 0.2%, respectively. This suggests that Cole County leans heavily conservative, reflecting broader state or regional trends where Republican preferences generally prevail.
65.99% of voters voted for the Republican party in the 2020 Presidential Election
32.11% of voters voted for the Democrat party in the 2020 Presidential Election
1.53% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% 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
Cole County, Missouri, has maintained a fairly steady student-to-teacher ratio of roughly 12 students per teacher over the past decade, dipping to around 10 in 2020 and 2021, notably below the national average of 14. This trend could suggest smaller class sizes and possibly more individualized attention for students, which might make the area more attractive to families. For real estate professionals and developers, this data could be crucial as it might affect property values, insurance... Read more
Student-to-teacher ratio in Cole County, Missouri over the last 10 years
Cole County, Missouri, has shown a relatively stable student-to-teacher ratio over the last decade, generally hovering around 12 students per teacher. Notably, there was a significant dip in 2020 and 2021, reaching about 10 students per teacher, well below the current U.S. national average of 14. This lower ratio could indicate smaller class sizes and potentially more individualized attention for students, which might be appealing for families considering a move or investment in the area. For real estate agents, appraisers, and those planning new developments, understanding these trends could be important as they might influence property values, insurance policies, and overall community planning.
