Franklin County Real Estate and Livability Trends
Franklin County, Missouri has seen a notable 35% rise in median home values from $149,400 in 2015 to $201,700 in 2022, surpassing both the state's and the national averages. A steady climb in average taxable income and significant increases in tax liabilities hint at a growing economic profile, which could attract investors and influence market strategies. Enhanced community safety, with property... Read more
Franklin County Market Trends
Franklin County, Missouri experienced an impressive 35% rise in median home values from $149,400 in 2015 to $201,700 in 2022, outpacing both Missouri's and national averages. Residential energy tax credits fluctuated widely, showing potential for energy-efficient upgrades to affect property values. Real estate taxes have doubled in the last decade, which might suggest rising property values. The... Read more
Median Value of Occupied Housing Units in Franklin County, Missouri Over the Last 8 Years
Franklin County, Missouri has seen a steady increase in median home values over the past eight years, climbing from $149,400 in 2015 to $201,700 in 2022. This growth outpaces both the statewide median in Missouri, which rose from $138,400 to $199,400 during the same period, and the national median, which increased from $125,500 to $179,400. This suggests a potentially strong local market that could appeal to investors, builders, and those considering relocation.
Residential Energy Tax Credit Per Tax Return in Franklin County, MO Over the Last 9 Years
In Franklin County, Missouri, the average residential energy tax credit per tax return has shown notable fluctuations over the past nine years, with values ranging from a low of approximately $707.62 in 2013 to a peak of around $3,076.92 in 2018. Such variability can suggest diverse investment opportunities in energy-efficient technologies, potentially impacting property values and insurance premiums. For real estate agents and investors, these trends may indicate a growing interest and financial benefit in energy-efficient home upgrades, making property improvements a worthwhile consideration for future returns.
Average Real Estate Taxes Per Tax Return in Franklin County, MO Over the Last 10 Years
Average real estate taxes per tax return in Franklin County, Missouri, have shown a steady upward trend over the past decade. Starting at approximately $2,280.62 in 2012, by 2021, this figure has nearly doubled to $4,457.64. Noteworthy spikes can be observed in 2018 and 2019, reaching $3,723.55 and $4,050.00, respectively. This trend might indicate increasing property values and could be crucial for those considering real estate investments, home purchases, or property development in the area.
Percentage of Farm Returns in Franklin County, MO Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Franklin County, Missouri has shown a slight downward trend, starting at 3.40% in 2012 and dipping to as low as 2.93% in 2020, with a minor recovery to 3.01% in 2021. Farm tax returns generally indicate the economic activity and viability of farming operations in a region. This gradual decline might suggest some shrinking in agricultural outputs or perhaps a shift to other industries. For investors, property developers, and new residents, such a trend might imply a shifting economic landscape in the county, hinting at opportunities for diversification in both investment and lifestyle.
Number of Mortgages by Occupancy Type in Franklin County, MO Over the Last 5 Years in Franklin County
In Franklin County, Missouri, the number of mortgage transactions for principal residences has peaked notably in 2020, with a total of 7,390 mortgages, but saw a subsequent decline to about half that by 2022. Meanwhile, investment property mortgage counts have remained relatively stable, hovering around the mid-300s annually. Second residence mortgages have shown minimal fluctuation with numbers generally staying below 100 per year. These shifts indicate a significant decrease in new homes purchased for primary living but stable investment in rental or commercial properties. For potential investors or developers, this suggests a steady market for income-generating properties. By contrast, the drop in principal residence purchases could be a signal for real estate agents and appraisers to adjust strategies or pricing assessments. Insurers and policy makers might also see this as a cue to adjust risk assessments and coverage planning. Understanding these dynamics can be crucial for those looking to optimize their involvement in Franklin County's real estate market.
Economic Outlook
Franklin County, Missouri has seen a steady rise in average taxable income per tax return, climbing from $51,285.78 in 2013 to around $71,801.42 in 2021. A spike in state and local income taxes, nearly doubling from $5,218.84 in 2012 to $12,553.93 in 2021, suggests significant policy changes or economic shifts. Additionally, the average total tax liability per tax return has increased from approximately $7,675.27 in 2012 to $11,142.56 by 2021, signaling a gradual yet consistent rise in... Read more
Average Taxable Income per Tax Return in Franklin County, MO over the last 9 years
Over the past nine years, Franklin County, Missouri has seen a steady increase in the average taxable income per tax return, starting at $51,285.78 in 2013 and reaching approximately $71,801.42 in 2021. This trend suggests a gradual rise in the economic well-being of residents, which could be appealing for investors, potential homeowners, and real estate agents. The noticeable jumps around 2018 and 2019, with subsequent stabilization, may also be of particular interest to appraisers and insurance agents assessing property values and risk.
Average State and Local Income Taxes Per Tax Return in Franklin County, MO Over the Last 10 Years
Franklin County, Missouri has seen a notable rise in average state and local income taxes per tax return over the past decade, nearly doubling from $5,218.84 in 2012 to $12,553.93 in 2021. The sharp increase from 2017 to 2018, jumping to $10,415.74 from $6,732.96 the previous year, may be indicative of significant policy changes or economic shifts. This growing tax burden could influence decisions for potential investors and individuals considering moving to or investing in Franklin County, as well as current residents reflecting on their fiscal responsibilities.
Average Total Tax Liability Per Tax Return in Franklin County, MO Over the Last 10 Years
Over the last decade, Franklin County, Missouri has experienced a noteworthy upward trend in average total tax liability per tax return. Starting from approximately $7,675.27 in 2012, it climbed to around $11,142.56 by 2021. This gradual increase could be of interest to potential investors, real estate agents, and property developers looking at the fiscal aspects and economic growth indicators in the region. Such data is essential for appraisers and insurance agents to gauge the financial landscape and adjust their strategies accordingly.
Cost of Living in Franklin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,047 | $1,424 | $1,795 | $1,225 | $1,195 |
| 1 adult 4 children | $1,047 | $1,163 | $1,380 | $1,225 | $1,286 |
| 2 adults 3 children | $1,047 | $1,163 | $1,554 | $1,225 | $941 |
| 1 adult 3 children | $1,047 | $949 | $1,139 | $1,225 | $1,034 |
| 2 adults 2 children | $808 | $952 | $1,312 | $1,061 | $812 |
| 1 adult 2 children | $808 | $711 | $897 | $1,061 | $776 |
| 2 adults 1 child | $808 | $752 | $1,071 | $528 | $725 |
| 1 adult 1 child | $808 | $486 | $656 | $528 | $622 |
| 2 adults | $643 | $604 | $829 | $0 | $584 |
| 1 adult | $605 | $330 | $415 | $0 | $512 |
Safety trends & Data
Franklin County, Missouri, has been experiencing a consistent decrease in property crimes over the past five years. Larceny-Theft numbers fell dramatically from 508 cases in 2018 to just 276 in 2022, while Burglary incidents dropped from 88 to 25 during the same period. These trends hint at enhanced community safety, a potential draw for homeowners and investors. Real estate agents can leverage this data to emphasize the improvements in local security to prospective... Read more
Property Crime Trends in Franklin County, MO Over the Last 5 Years
Franklin County, Missouri, has generally seen a decrease in property crimes over the past five years. Larceny-Theft, the most frequent type of property crime, decreased significantly from 508 cases in 2018 to 276 in 2022. Burglary incidents saw a sharp decline as well, dropping from 88 cases in 2018 to 25 in 2022. The trends indicate a potential improvement in community safety, which might appeal to potential homeowners and investors. Insurance agents might consider these trends when assessing risk for policies, and real estate professionals could use this data to highlight the improvements in local security to prospective buyers.
Demographics
Franklin County, Missouri, has a nearly balanced adult population between males and females, with a slight edge for females. On the education front, a substantial portion of the population holds at least a high school diploma, though there is a notable number who did not complete high school. The county's age distribution skews towards those in the mid-life age ranges of 25 to 64 years, with significant representation from seniors aged 65 and over. The racial composition is predominantly White,... Read more
Race Distribution in Franklin County, Missouri (2022)
Educational Attainment in Franklin County, Missouri (2022)
Age Distribution in Franklin County, Missouri
Citizen Population in Franklin County, Missouri (2022)
Political Trends & Data
In Franklin County, Missouri, the 2020 U.S. Presidential Election results suggest a strong Republican lean with around 71% of the vote, compared to approximately 27% for the Democratic Party. Minor parties collectively gathered less than 2%. This political trend likely points to significant Republican support and potential political stability or partisanship in the area, which could influence local real estate market dynamics and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Franklin County, Missouri, the 2020 U.S. Presidential Election showed significant leanings towards the Republican Party, which may have garnered approximately 71% of the vote. The Democratic Party trailed with around 27%, and minor parties like the Libertarian and Green parties captured a small fraction of the vote, together accounting for less than 2%. These trends might indicate a strong Republican presence and hint at political stability or partisanship in the region.
70.89% of voters voted for the Republican party in the 2020 Presidential Election
27.14% of voters voted for the Democrat party in the 2020 Presidential Election
1.52% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Green party in the 2020 Presidential Election
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
Franklin County, Missouri's stable student-to-teacher ratio, hovering around 11 students per teacher compared to the national average of 14, hints at more personal and attentive educational settings. This can be an attractive point for families looking to move, making the county appealing in the eyes of home buyers who prioritize education. Real estate agents, appraisers, and even insurance agents could find this valuable when marketing properties, while property developers might use this... Read more
Student-to-teacher ratio in Franklin County, Missouri over the last 10 years
Franklin County, Missouri has seen a relatively stable student-to-teacher ratio over the last decade, fluctuating from a high of 12 students per teacher in 2014 to around 11 in recent years. This ratio is consistently lower than the national average of 14 students per teacher, which could suggest smaller class sizes. For potential investors, this could indicate a more personal and attentive educational environment, potentially making the area more attractive to families considering moving. Real estate agents and appraisers might find this data valuable when positioning Franklin County as an appealing place for home buyers who prioritize education. Insurance agents and property developers could also use this information to predict and plan for future community needs and services.
