Howard County Real Estate and Livability Trends
In Howard County, Missouri, the median home value has jumped from $97,900 in 2015 to $140,900 in 2022, which still trails behind both the state median of $199,400 and the national median of $179,400. This could attract investors and homebuyers seeking affordability. Average real estate taxes have seen notable spikes, particularly in 2018 ($2,741.67) and 2019 ($2,627.27), possibly due to local... Read more
Howard County Market Trends
Howard County, Missouri has seen its median home value rise from $97,900 in 2015 to $140,900 in 2022, still trailing behind both Missouri’s state median of $199,400 and the national median of $179,400. This lower median could attract investors or homebuyers seeking affordability. Fluctuating residential energy tax credits, peaking notably at $1866.67 in 2016 and $3325.00 in 2019, suggest... Read more
Median Value of Occupied Housing Units in Howard County, Missouri Over the Last 8 Years
Over the past eight years, Howard County, Missouri has seen its median home value climb from $97,900 in 2015 to $140,900 in 2022. Despite this growth, the county's home values still lag behind Missouri's state median and the national median, which reached $199,400 and $179,400 respectively in 2022. This relatively lower median value could present an attractive opportunity for investors or homebuyers looking for more affordable housing markets. The consistent upward trend in Howard County suggests a growing demand that might continue to push values higher.
Residential Energy Tax Credit Per Tax Return in Howard County, MO Over the Last 8 Years
Over the last eight years, Howard County, Missouri has experienced fluctuations in the average residential energy tax credit per tax return. Noteworthy peaks occurred in 2016 at $1866.67 and 2019 at a significant $3325.00, suggesting intermittent high investment in energy-efficient upgrades among homeowners. These trends could indicate sporadic boosts in energy-related federal or state incentives or occasional community pushes towards sustainability. For prospective investors or current residents, understanding these variations might help gauge the potential for similar future incentives and energy-efficient investments.
Average Real Estate Taxes Per Tax Return in Howard County, MO Over the Last 10 Years
Average real estate taxes per tax return in Howard County, Missouri have seen a general upward trend over the last decade. Notable spikes in 2018 ($2741.67) and 2019 ($2627.27) indicate occasional substantial increases, likely reflecting local economic or policy changes. Despite a recent decrease in 2021 to $2200.00, the overall trajectory suggests rising property costs, which might influence investment decisions, property valuations, and insurance assessments in the area. This trend could be an important consideration for prospective homebuyers, real estate agents, and developers.
Percentage of Farm Returns in Howard County, MO Over the Last 10 Years
Howard County, Missouri has seen slight fluctuations in the percentage of farm tax returns over the last decade. Starting at 14.16% in 2012, it saw a gradual decline, reaching a low of 12.53% by 2020 before inching up to 12.92% in 2021. Farm tax returns, indicating the proportion of county residents reporting farm income, are a useful indicator of the agricultural sector's health, which is crucial for those eyeing investments in farmland, new property developments, or even residency in the area. The relatively stable percentages suggest a consistent presence of farming activity, reflecting both opportunities and stability within this rural community.
Number of Mortgages by Occupancy Type in Howard County, MO Over the Last 5 Years in Howard County
Mortgage trends in Howard County, Missouri show a consistent and notable growth in the number of principal residences, peaking in 2020 with 453 mortgages. Meanwhile, investment properties have remained relatively stable, and second residences have seen only minor fluctuations. These shifts suggest an increasing demand for primary living spaces, which could be a sign of a growing local population or renewed interest in the area. For investors, this trend may indicate a robust rental market potential. Those looking to move might find an increasingly competitive housing market. For appraisers and insurance agents, understanding these dynamics is crucial for accurate property valuations and risk assessments. Real estate agents and developers could leverage these insights to tailor their strategies to meet the rising demand for principal residences.
Economic Outlook
In Howard County, Missouri, the average taxable income per tax return has significantly increased from $43,335.25 in 2013 to $67,122.61 in 2021, hinting at possible economic growth. This trend might catch the eye of investors and new residents looking for a prosperous area, potentially influencing property values and insurance assessments. Additionally, average state and local income taxes soared from $4,555.38 in 2012 to $16,466.67 in 2021, with notable jumps between 2017 and 2021, likely due... Read more
Average Taxable Income per Tax Return in Howard County, MO over the last 9 years
Over the past nine years, Howard County, Missouri, has experienced a noteworthy increase in average taxable income per tax return, rising from $43,335.25 in 2013 to $67,122.61 in 2021. This trend suggests that the region may be experiencing economic growth, attracting potential investors and new residents interested in a progressively prosperous area. Such income trends could also impact property values and insurance assessments, making it a promising area for real estate agents and appraisers to explore further.
Average State and Local Income Taxes Per Tax Return in Howard County, MO Over the Last 10 Years
Howard County, Missouri has seen a notable upward trend in average state and local income taxes per tax return over the past decade. Taxes surged significantly from $4,555.38 in 2012 to a remarkable $16,466.67 in 2021. The steepest increases occurred between 2017 and 2021, indicating possible economic or policy shifts impacting the area. This trend could suggest a growing economy or changes in tax policy that potential investors, new residents, and property developers might find important when considering long-term financial planning in the county.
Average Total Tax Liability Per Tax Return in Howard County, MO Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Howard County, Missouri has shown a general upward trend. Notably, the tax liability increased from approximately $5,714.05 in 2012 to $9,365.17 by 2021. Significant jumps were observed around 2016 and again in 2020, suggesting periods of economic growth or changes in tax policy. This trend might interest potential investors and real estate agents as it could reflect rising property values or increased local investment, while insurance agents and appraisers should consider the implications for property valuations and client finances.
Cost of Living in Howard County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,034 | $1,335 | $2,509 | $1,081 | $1,323 |
| 1 adult 4 children | $1,034 | $1,090 | $1,932 | $1,081 | $1,410 |
| 2 adults 3 children | $1,034 | $1,091 | $2,171 | $1,081 | $1,062 |
| 1 adult 3 children | $1,034 | $890 | $1,593 | $1,081 | $1,121 |
| 2 adults 2 children | $785 | $893 | $1,832 | $918 | $881 |
| 1 adult 2 children | $785 | $667 | $1,255 | $918 | $796 |
| 2 adults 1 child | $785 | $706 | $1,493 | $388 | $756 |
| 1 adult 1 child | $785 | $456 | $916 | $388 | $622 |
| 2 adults | $596 | $567 | $1,155 | $0 | $625 |
| 1 adult | $556 | $309 | $577 | $0 | $545 |
Safety trends & Data
Howard County, Missouri, has seen a significant drop in property crimes over the past four years, moving from higher instances in 2018 (10 burglaries, 9 larceny-thefts) to much lower numbers in subsequent years. Motor vehicle thefts have fluctuated but stayed relatively low, while fraud and vandalism incidents remain minimal. This trend suggests possible improvements in local law enforcement or community initiatives aimed at crime prevention, potentially making the county more appealing for... Read more
Property Crime Trends in Howard County, MO Over the Last 4 Years
Howard County, Missouri, has experienced a decline in property crimes over the past four years. In 2018, there were higher instances of burglary (10) and larceny-theft (9), but by 2019, these numbers significantly dropped. Motor vehicle thefts slightly fluctuated but remained relatively low. Notably, fraud and vandalism incidents have been minimal and sporadic. This trend might hint at improved local law enforcement efforts or community initiatives aimed at crime prevention, making the county increasingly attractive for potential investors, residents, and real estate professionals looking for low-crime areas.
Demographics
Howard County, Missouri, displays a slight male majority, with males making up a bit over 50% of the adult population. Educational attainment is varied, though nearly half of residents only reach a high school diploma or equivalency. The age distribution hints at a significant senior presence, particularly within the 55 to 64 and 65 to 74 age categories. Racial diversity seems limited, with the majority identifying as White, and other racial groups making up relatively small portions of the... Read more
Race Distribution in Howard County, Missouri (2022)
Educational Attainment in Howard County, Missouri (2022)
Age Distribution in Howard County, Missouri
Citizen Population in Howard County, Missouri (2022)
Political Trends & Data
Howard County, Missouri, might exhibit strong Republican leanings, with approximately 70.00% of the vote going to the Republican candidate. Democrats could be seen trailing significantly, capturing only about 28.00% of the vote. Minor parties like the Libertarians and Greens, along with other candidates, seem to hold a small fraction of the votes, likely suggesting a fairly polarized... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Howard County, Missouri, might exhibit strong Republican leanings, with approximately 70% of the vote going to the Republican candidate. Democrats could be seen trailing significantly, capturing only around 28% of the vote. Minor parties like the Libertarians and Greens, along with other candidates, seem to hold a small fraction of the votes, likely suggesting a fairly polarized electorate.
69.78% of voters voted for the Republican party in the 2020 Presidential Election
27.75% of voters voted for the Democrat party in the 2020 Presidential Election
2.08% 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
0.10% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Howard County, Missouri, the student-to-teacher ratio has decreased to 11.54 students per teacher as of 2023, below the national average of 14. This trend suggests more personalized attention for students and potentially higher-quality education. Families moving to the area or investing in property might find this appealing, and real estate agents could highlight these figures to attract buyers. This lower ratio might signify a more educated populace, which insurance agents could consider... Read more
Student-to-teacher ratio in Howard County, Missouri over the last 10 years
Over the past decade, Howard County, Missouri has had a student-to-teacher ratio that hovers generally around 12 students per teacher, seeing a gradual decrease to 11.54 by 2023. This is below the national average of 14 students per teacher, which could be indicative of more personalized attention for students and potentially higher-quality education. For families moving to the area or those investing in property, this lower ratio might suggest a more appealing educational environment. Real estate agents and appraisers might find value in highlighting these figures as a selling point for the community. Insurance agents could consider the implications of a better-educated populace on policy risks. Those interested in contributing to or developing property in Howard County may see sustained or increased demand from families prioritizing education.
