Knox County Real Estate and Livability Trends
Knox County, Missouri's real estate market seems influenced by rising average taxable incomes, up from $33,398.25 in 2013 to $44,922.41 in 2021. Despite inconsistent state and local income taxes, property values have seen a modest increase from $71,300 in 2015 to $89,000 in 2022, contrasting with Missouri and national trends. Energy tax credits and real estate taxes have fluctuated, reflecting... Read more
Knox County Market Trends
Knox County, Missouri's median home values have risen from $71,300 in 2015 to $89,000 in 2022, a more modest increase compared to Missouri's jump from $138,400 to $199,400 and the national rise from $125,500 to $179,400. Interestingly, residential energy tax credits have declined sharply from $650.00 in 2013 to $333.33 in 2014, possibly reflecting changing local incentives or homeowner... Read more
Median Value of Occupied Housing Units in Knox County, Missouri Over the Last 8 Years
Median home values in Knox County, Missouri have seen a steady rise from $71,300 in 2015 to $89,000 in 2022, reflecting a more modest growth compared to state and national trends. Across Missouri, median home values jumped from $138,400 in 2015 to $199,400 in 2022, outstripping the local increase by a significant margin. On the national level, the median value escalated from $125,500 in 2015 to $179,400 in 2022. This data suggests that Knox County may offer more affordable entry points for investors or home buyers relative to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Knox County, MO Over the Last 2 Years
Residential energy tax credits per tax return in Knox County, Missouri, have seen a significant decline, dropping from an average of $650.00 in 2013 to approximately $333.33 in 2014. This might reflect changes in local energy efficiency incentives or a shift in homeowner investments towards other improvements. For potential investors or residents, this trend could indicate evolving priorities or tightened budgets on energy-efficient home upgrades. It's useful for appraisers, real estate agents, and insurance agents to note these fluctuations when assessing property values and homeowner investments in the area.
Average Real Estate Taxes Per Tax Return in Knox County, MO Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Knox County, Missouri have shown notable fluctuations, with the lowest point in 2019 and 2020 at $1,033.33 and a peak in 2018 at $1,633.33. This variability likely signals changes in property values or adjustments in tax rates, essential factors for potential investors, homeowners, and industry professionals to watch closely. Staying informed about these trends could provide valuable insights into the county's economic health and real estate market dynamics.
Percentage of Farm Returns in Knox County, MO Over the Last 10 Years
Over the last decade, the percentage of farm returns in Knox County, Missouri has been relatively stable, hovering mostly between 25% and 28%. These trends hint at a strong agricultural base, with noticeable dips and spikes likely due to shift in economic conditions or crop yields. For those looking to invest or build property in Knox County, this stability in farm returns could indicate a robust agricultural market, integral to the local economy.
Number of Mortgages by Occupancy Type in Knox County, MO Over the Last 5 Years in Knox County
Knox County, Missouri has seen a notable shift in mortgage trends over the last five years, especially in the types of properties being financed. Principal residences consistently dominate, peaking at 70 mortgages in 2021, a significant rise from 26 in 2018. Meanwhile, investment properties and second residences have had fluctuating, yet much lower, figures. This evolving landscape in occupancy types may affect property values, insurance premiums, and market dynamics, key insights for investors, real estate agents, and those considering building or buying in the area. Understanding these trends can help gauge the market's stability and potential growth.
Economic Outlook
Knox County, Missouri's real estate market could be influenced by the fluctuating yet generally rising average taxable income per tax return, which went from $33,398.25 in 2013 to $44,922.41 in 2021. The inconsistent state and local income taxes, peaking at $5,092.86 in 2016 and dipping to $3,833.33 in 2018, may cause potential investors to approach with cautious optimism. Additionally, total tax liability variances, especially the peak of $5,478.23 in 2021 after a low of $4,249.51 in 2019,... Read more
Average Taxable Income per Tax Return in Knox County, MO over the last 9 years
Over the past nine years, Knox County, Missouri has experienced fluctuating yet generally increasing average taxable income per tax return. Starting at $33,398.25 in 2013, the income saw a steady rise, with notable peaks such as $44,922.41 in 2021. This trend may suggest a strengthening local economy, potentially making Knox County more appealing for investors, prospective residents, and real estate developers alike. However, past fluctuations indicate that economic stability could be a concern, calling for cautious optimism. For insurance agents and appraisers, this upward trend could imply higher asset valuations and opportunities in the area.
Average State and Local Income Taxes Per Tax Return in Knox County, MO Over the Last 10 Years
Over the past decade, Knox County, Missouri has seen fluctuating state and local income taxes per tax return, with figures ranging from $3,729.41 in 2012 to a peak of $5,092.86 in 2016. While 2017 saw a notable decline to $4,856.25, the amount continued to vary, dipping to $3,833.33 in 2018 before rising again to $4,475.00 by 2021. This volatility in tax amounts can be crucial for potential investors, property developers, and residents to consider when planning their financial strategies and evaluating the area's economic stability.
Average Total Tax Liability Per Tax Return in Knox County, MO Over the Last 10 Years
In the last decade, Knox County, Missouri has seen some variability in the average total tax liability per tax return. A notable peak emerged in 2021 at $5,478.23, following a general decline that hit a low in 2019 at $4,249.51. This fluctuation reflects broader economic conditions and could imply either changing income levels or tax policy adjustments that could intrigue investors, appraisers, and real estate agents. These trends suggest potential volatility, making it crucial to stay well-informed on economic indicators before making financial decisions in the area.
Cost of Living in Knox County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $938 | $1,391 | $2,501 | $955 | $1,277 |
| 1 adult 4 children | $938 | $1,136 | $1,918 | $955 | $1,346 |
| 2 adults 3 children | $938 | $1,137 | $2,168 | $955 | $1,012 |
| 1 adult 3 children | $938 | $928 | $1,584 | $955 | $1,023 |
| 2 adults 2 children | $771 | $931 | $1,835 | $830 | $859 |
| 1 adult 2 children | $771 | $695 | $1,251 | $830 | $783 |
| 2 adults 1 child | $771 | $735 | $1,501 | $424 | $781 |
| 1 adult 1 child | $771 | $475 | $917 | $424 | $639 |
| 2 adults | $586 | $591 | $1,168 | $0 | $638 |
| 1 adult | $568 | $322 | $584 | $0 | $556 |
Safety trends & Data
Knox County, Missouri has experienced low yet fluctuating property crime rates over the past four years. With burglary incidents peaking at just 2 in 2018 and dropping to 1 in the following years, and stolen property crimes reaching 3 in 2019, the overall trend suggests a stable and relatively safe environment. This stability could make the county appealing for both potential investors and residents prioritizing... Read more
Property Crime Trends in Knox County, MO Over the Last 4 Years
Knox County, Missouri has seen relatively low and somewhat fluctuating property crime rates over the last four years. Burglary incidents peaked with 2 in 2018 but dropped to 1 annually in subsequent years, while thefts of various kinds showed minor variations, with stolen property crimes hitting a high of 3 in 2019. Motor vehicle thefts only occurred in 2019 and 2022, both with 2 incidents each. The overall trends suggest that while property crime is present, the numbers indicate a stable environment, potentially appealing for investors and residents valuing safety.
Demographics
Knox County, Missouri displays balanced gender demographics with nearly equal adult male and female populations, suggesting a stable community in terms of gender distribution. The educational attainment highlights a predominant high school graduation rate, yet a significant portion of the population has pursued higher education, showcasing a potential for skilled labor. Age distribution skews slightly older, with notable numbers in the 55-64 and 65-74 age groups, possibly indicating a mature... Read more
Race Distribution in Knox County, Missouri (2022)
Educational Attainment in Knox County, Missouri (2022)
Age Distribution in Knox County, Missouri
Citizen Population in Knox County, Missouri (2022)
Political Trends & Data
Knox County, Missouri, exhibited a staunchly Republican stance during the 2020 U.S. Presidential Election, with nearly 80% of the vote favoring the Republican candidate. Democratic support was relatively low at 18%, and Libertarians only secured slightly more than 1%. These voting patterns point to a notably polarized political climate, likely influencing local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Knox County, Missouri, displayed strong Republican leanings in the 2020 U.S. Presidential Election, with approximately 80% of the vote going to the Republican candidate. Democrats garnered around 18%, significantly trailing behind, while Libertarians captured just over 1%. Minimal support was observed for other parties, reflecting a heavily polarized political landscape in this county.
80.15% of voters voted for the Republican party in the 2020 Presidential Election
18.34% of voters voted for the Democrat party in the 2020 Presidential Election
1.40% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Knox County, Missouri, the student-to-teacher ratio has declined from roughly 11:1 in 2014 to approximately 10:1 by 2023. This ratio is below the national average of 14:1, potentially indicating more personalized instruction and possibly better student outcomes. For real estate professionals, this trend could enhance the appeal of local schools, potentially boosting property values and influencing insurance rates. Builders might find this data valuable when marketing new developments to... Read more
Student-to-teacher ratio in Knox County, Missouri over the last 10 years
Over the last decade, Knox County, Missouri has witnessed a noteworthy downward trend in its student-to-teacher ratio, dropping from about eleven students per teacher in 2014 to approximately ten in 2023. This ratio is smaller than the national average of fourteen students per teacher, which might suggest that Knox County offers more personalized instruction, potentially benefitting student outcomes. For real estate agents, investors, and those considering a move to the area, a lower student-to-teacher ratio could enhance local school appeal. Appraisers and insurance agents might see this as a factor contributing to community desirability, impacting property values and insurance rates. Builders could leverage these insights in marketing new developments, targeting families who prioritize education.
