Henry County Real Estate and Livability Trends
In Henry County, Missouri, the housing market has shown steady growth, with median home values climbing from $91,100 in 2015 to $153,600 in 2022, making it an attractive area for affordable real estate investments. Real estate taxes have also nearly doubled over the past decade, reflecting rising property values. There’s an evident shift toward primary residence mortgages, peaking at 1,258 in... Read more
Henry County Market Trends
Over the last eight years, Henry County, Missouri's housing market has grown steadily, with median home values rising from $91,100 in 2015 to $153,600 in 2022. This growth, although below the state average, offers an affordable option for buyers. Residential energy tax credits have shown peaks, particularly reaching $2,288.89 in 2020, indicating increased investment in energy-efficient home... Read more
Median Value of Occupied Housing Units in Henry County, Missouri Over the Last 8 Years
Henry County, Missouri's housing market has seen steady growth in median home values over the last eight years, jumping from $91,100 in 2015 to $153,600 in 2022. Although these values may seem modest compared to the broader state of Missouri, which climbed from $138,400 to $199,400 over the same period, Henry County's more affordable prices might appeal to investors and homebuyers looking for accessible entry points. Nationally, home values rose from $125,500 to $179,400, indicating Henry County’s home prices are still more attractive for those seeking lower-cost living options without sacrificing potential growth.
Residential Energy Tax Credit Per Tax Return in Henry County, MO Over the Last 8 Years
Over the last eight years, Henry County, Missouri, has seen notable fluctuations in residential energy tax credits per tax return, with significant peaks in 2017 at $920.00, 2019 at $1757.14, and 2020 reaching up to $2288.89. This suggests increasing investment in energy-efficient home improvements, which could be appealing for property investors and homeowners looking to maximize tax benefits. Real estate agents and home builders might also find this trend beneficial as it reflects growing homeowner interest in eco-friendly features, thus informing market strategies and construction focus.
Average Real Estate Taxes Per Tax Return in Henry County, MO Over the Last 10 Years
Real estate taxes per tax return in Henry County, Missouri, have shown a noticeable increase over the past decade, with a particularly sharp rise starting from 2018. In 2012, the average was around $1,627.85, but by 2021, this figure had nearly doubled to approximately $3,247.62. This trend suggests that property values—or at least the tax assessments—have likely been rising, which could impact affordability for potential homeowners and operations for investors. It's a factor worth noting for insurance agents and appraisers, indicating a more competitive market and possibly higher coverage values and premiums. Real estate agents might leverage this data to inform clients about long-term investment potential in Henry County.
Percentage of Farm Returns in Henry County, MO Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Henry County, Missouri has seen a gradual decline, starting at approximately 9.41% in 2012 and dipping to around 7.88% by 2021. This trend suggests a possible reduction in farm-related financial activity or investment within the area. For those considering investing, moving to, or building property in Henry County, this downward trend might signal a shift in economic focus or the need for diversified investments. Understanding these shifts is crucial for making informed decisions about potential opportunities or challenges in the region.
Number of Mortgages by Occupancy Type in Henry County, MO Over the Last 5 Years in Henry County
Mortgages for principal residences in Henry County, Missouri have shown a steady increase over the last five years, peaking at 1,258 in 2021. In contrast, mortgages for investment properties and second residences have remained relatively flat, with a slight decline in recent years. This shift likely reflects a growing preference for homeowners to secure primary living arrangements, influencing the local real estate market dynamics. For investors, appraisers, and insurance agents, these trends may highlight changing demands and potential opportunities in the county's housing market. Real estate agents and builders might use this insight to tailor their offerings to match the dominant trends, ensuring they meet the evolving preferences of potential buyers and residents.
Economic Outlook
In Henry County, Missouri, the average taxable income per tax return has seen a steady rise, with a remarkable increase from $49,444.02 in 2020 to $59,074.29 in 2021, hinting at possible economic improvement. Average state and local income taxes per tax return have more than doubled over the past decade, jumping from $4,437.24 in 2012 to $9,895.00 in 2021, potentially reflecting higher incomes or increased tax rates. The average total tax liability also shows an upward trend, peaking notably in... Read more
Average Taxable Income per Tax Return in Henry County, MO over the last 9 years
In Henry County, Missouri, the average taxable income per tax return has been gradually increasing over the past nine years. Noteworthy spikes like the jump from $49,444.02 in 2020 to $59,074.29 in 2021 suggest a potential economic uplift or other significant factors at play. This upward trend may make the county an attractive spot for investors, potential residents, real estate agents, and property developers looking for an evolving market with promising financial growth.
Average State and Local Income Taxes Per Tax Return in Henry County, MO Over the Last 10 Years
Henry County, Missouri has seen a notable increase in average state and local income taxes per tax return over the past decade, more than doubling from $4,437.24 in 2012 to $9,895.00 in 2021. The most significant jump occurred between 2017 and 2018, suggesting a major policy change or economic shift. This trend could indicate higher income levels or increased tax rates, both of which hold investment and budget implications for potential residents or investors.
Average Total Tax Liability Per Tax Return in Henry County, MO Over the Last 10 Years
Over the past decade, average total tax liability per tax return in Henry County, Missouri has exhibited an upward trend with noticeable fluctuations. Starting at around $6,000.76 in 2012, it peaked in 2017 at $7,009.78 before a significant jump to $8,558.10 in 2021. This variability in tax liabilities could affect those considering property investments or appraisals, as it suggests changing fiscal dynamics and potential impacts on disposable income and property valuations.
Cost of Living in Henry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,043 | $1,327 | $2,456 | $913 | $1,196 |
| 1 adult 4 children | $1,043 | $1,084 | $1,882 | $913 | $1,256 |
| 2 adults 3 children | $1,043 | $1,084 | $2,128 | $913 | $945 |
| 1 adult 3 children | $1,043 | $885 | $1,555 | $913 | $953 |
| 2 adults 2 children | $766 | $887 | $1,801 | $788 | $775 |
| 1 adult 2 children | $766 | $663 | $1,228 | $788 | $682 |
| 2 adults 1 child | $766 | $701 | $1,474 | $382 | $706 |
| 1 adult 1 child | $766 | $453 | $901 | $382 | $573 |
| 2 adults | $582 | $563 | $1,147 | $0 | $584 |
| 1 adult | $578 | $307 | $573 | $0 | $520 |
Safety trends & Data
Henry County, Missouri has seen a significant drop in property crimes over the last five years, with burglaries and larceny-theft decreasing notably. From 2018 to 2022, burglary cases dwindled from 17 to 5, and larceny-theft shrunk from 56 to 5. Motor vehicle thefts also fell from 7 to just 1 case. Despite this overall improvement, vandalism incidents remained relatively constant, ranging between 2 and 11 annually. These trends could indicate improving safety, though the consistent vandalism... Read more
Property Crime Trends in Henry County, MO Over the Last 5 Years
Over the last five years, Henry County, Missouri has seen a notable decline in property crimes such as burglary and larceny-theft. From 2018 to 2022, burglary cases dropped from 17 to 5, while larceny-theft cases decreased significantly from 56 to 5. Motor vehicle thefts also saw a dip, moving from 7 in 2018 down to 1 in 2022. However, the number of vandalism incidents remained relatively steady, fluctuating between 2 and 11 cases annually. Potential investors and property developers might view these trends as indicators of improving safety, although the stability in vandalism rates could still be a concern. For insurance agents assessing risk and real estate agents advising clients, these evolving crime rates could impact property values and attractiveness of the area.
Demographics
In Henry County, Missouri, the gender balance is relatively even, with slightly more females than males among adults. Educational attainment shows that a substantial portion of the population only completed high school, while a much smaller segment has advanced degrees. Age distribution suggests a considerable number of residents are in the 55 to 64 age range, indicative of an aging population. The racial makeup is overwhelmingly White, potentially influencing cultural and social dynamics in... Read more
Race Distribution in Henry County, Missouri (2022)
Educational Attainment in Henry County, Missouri (2022)
Age Distribution in Henry County, Missouri
Citizen Population in Henry County, Missouri (2022)
Political Trends & Data
In Henry County, Missouri, the political landscape likely leans heavily towards conservative values, with the Republican party possibly securing about 74% of the votes in the 2020 U.S. Presidential Election. Democrats might have captured approximately 24%, while Libertarian and smaller parties made a minimal impact. This political tendency could influence local policies and market dynamics, reflecting a predominantly conservative demographic that may affect real estate decisions and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Henry County, Missouri, might suggest a strong inclination towards the Republican party, as they possibly secured roughly 74% of the votes in the 2020 U.S. Presidential Election. Democrats could have garnered around 24%, indicating a lesser but notable presence. Libertarians and other smaller parties had minimal impact, with each only capturing around 1% or less. This pattern might underscore a predominantly conservative lean in Henry County, potentially affecting local policies and electoral strategies.
74.41% of voters voted for the Republican party in the 2020 Presidential Election
24.28% of voters voted for the Democrat party in the 2020 Presidential Election
1.06% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Green party in the 2020 Presidential Election
0.10% of voters voted for the Other party in the 2020 Presidential Election
School Data
Henry County, Missouri's student-to-teacher ratio has consistently hovered between nine to eleven students per teacher over the last decade, significantly below the national average of fourteen. This trend potentially signals higher quality education, a factor that can boost property values and community appeal. Such favorable ratios are noteworthy for homebuyers, investors, and real estate agents due to their potential influence on property appreciation and long-term stability. This data also... Read more
Student-to-teacher ratio in Henry County, Missouri over the last 10 years
Henry County, Missouri has maintained a relatively low student-to-teacher ratio over the past decade, fluctuating around nine to eleven students per teacher. This ratio consistently falls below the national average of fourteen, suggesting smaller class sizes that might offer more personalized attention and potentially better educational outcomes. These numbers are crucial for potential homebuyers, investors, and real estate agents, as they may indicate a higher quality of education which can influence property values and community desirability. Low ratios are also a positive sign for appraisers and insurance agents, reducing risks related to property depreciation and ensuring steady community growth.
