Lafayette County Real Estate and Livability Trends
Lafayette County, Missouri's real estate market is dynamic, with median home values reportedly increasing by 59.30% over the past eight years, well above both national and state trends. This rise is mirrored by growing real estate taxes, hinting at higher property values and potential insurance costs. The economic health is further supported by steady rises in average taxable income and a decline... Read more
Lafayette County Market Trends
Lafayette County, Missouri, has seen a remarkable 59.30% rise in median home values over the past eight years, far outpacing the national and state trends. The county also experienced a significant increase in average real estate taxes, hinting at rising property values and potentially higher insurance premiums. Farm tax returns provide insights into the agricultural sector's fluctuating but... Read more
Median Value of Occupied Housing Units in Lafayette County, Missouri Over the Last 8 Years
Lafayette County, Missouri has seen a steady increase in median home values over the past eight years, jumping from $117,400 in 2015 to $187,000 in 2022. This 59.30% rise outpaces both the national increase, which went from $125,500 to $179,400 (42.99%), and the state-wide trends in Missouri, which saw values grow from $138,400 to $199,400 (44.07%). These trends suggest that Lafayette County could be an attractive area for real estate investments, new residents, or property development, as its growth exceeds broader state and national averages.
Residential Energy Tax Credit Per Tax Return in Lafayette County, MO Over the Last 9 Years
Over the last nine years, Lafayette County, Missouri has seen significant fluctuations in residential energy tax credits per tax return, with a notable spike in 2018 to $3,750.00. This variability suggests periods of increased investment in energy-efficient home improvements, potentially influenced by changing tax policies or incentives. For those interested in moving to or investing in the area, understanding these trends could be beneficial for financial planning and forecasting potential returns on energy-efficient upgrades. Appraisers, insurance agents, and real estate agents may also find this data useful in assessing property values and advising clients on the benefits of energy improvements.
Average Real Estate Taxes Per Tax Return in Lafayette County, MO Over the Last 10 Years
Lafayette County, Missouri has seen a notable increase in average real estate taxes per tax return, escalating from $1,747.30 in 2012 to $2,795.74 in 2021. The most significant uptick happened between 2016 and 2019, with taxes surging by nearly $834.77. This spike could be of interest to potential investors, appraisers, and real estate agents, hinting at rising property values and potentially impacting the cost of living and insurance premiums. This trend suggests a growing economic environment, making Lafayette County an area worth monitoring for future opportunities.
Percentage of Farm Returns in Lafayette County, MO Over the Last 10 Years
Over the past decade in Lafayette County, Missouri, farm returns have largely fluctuated between 7.09% and 8.10%. After peaking in 2012 at around 8.10%, a steady decline ensued, reaching a low of approximately 6.84% in 2020, before a slight uptick in 2021 to about 7.06%. Farm tax returns refer to the portion of total county tax returns that originate from farming activities, signifying the agricultural sector's contribution to the local economy. These numbers provide critical insight for potential investors or residents about the economic health and sustainability of farming in the region, affecting decisions related to property investments, agricultural businesses, and community growth.
Number of Mortgages by Occupancy Type in Lafayette County, MO Over the Last 5 Years in Lafayette County
Lafayette County, Missouri has seen fluctuations in the number of mortgages for different occupancy types over the last five years. Principal residences consistently dominate the market, indicating a stable demand for primary housing. Investment properties have shown slight variability but generally maintained modest activity, potentially signaling cautious investor behavior. Second residences remain negligible, suggesting limited interest in vacation or secondary homes in the area. These occupancy trends could be crucial for investors assessing market stability, real estate agents gauging buyer interests, or insurance agents evaluating risk profiles. Changes in the types of occupancy can reflect broader economic conditions, such as local housing demand, job stability, and area attractiveness to both residents and investors.
Economic Outlook
Lafayette County, Missouri has experienced a steady rise in average taxable income, moving from approximately $46,173.48 in 2013 to about $62,127.87 by 2021, indicating improving economic stability. Alongside this growth, there's been an increase in state and local income taxes, with average values climbing from $4,252.76 in 2012 to $8,035.56 by 2021, possibly reflecting both economic activity and tax policy changes. A similar trend is seen in total tax liability per tax return, growing from... Read more
Average Taxable Income per Tax Return in Lafayette County, MO over the last 9 years
Over the past nine years, average taxable income per tax return in Lafayette County, Missouri has been on a steady upward trend, starting from approximately $46,173.48 in 2013 and reaching around $62,127.87 by 2021. Such consistent growth suggests a potential rise in economic stability and earning power in the area, making Lafayette County an appealing spot for potential investors, developers, and those looking to move to or build property in the region. This trend may also influence local insurance agents and appraisers, indicating a flourishing economic environment.
Average State and Local Income Taxes Per Tax Return in Lafayette County, MO Over the Last 10 Years
Over the past decade, Lafayette County in Missouri has seen a noticeable rise in average state and local income taxes per tax return. From $4,252.76 in 2012, there is a steady uptick in tax values reaching $8,035.56 by 2021. This gradual increase may suggest growing economic activity or changes in tax policies, making the area potentially more costly for residents but also potentially more desirable for investors looking to capitalize on economic growth.
Average Total Tax Liability Per Tax Return in Lafayette County, MO Over the Last 10 Years
Over the past decade, Lafayette County, Missouri has seen a steady increase in the average total tax liability per tax return, starting from around $5,988.36 in 2012 and reaching approximately $8,183.36 by 2021. Notable jumps occurred between 2016 and 2017, as well as from 2020 to 2021, suggesting potential changes in income levels, economic factors, or tax policy impacts. This upward trend could be relevant for potential investors, property developers, and real estate agents assessing the economic climate and fiscal obligations in the region.
Cost of Living in Lafayette County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,133 | $1,500 | $2,446 | $1,251 | $1,534 |
| 1 adult 4 children | $1,133 | $1,225 | $1,883 | $1,251 | $1,634 |
| 2 adults 3 children | $1,133 | $1,225 | $2,116 | $1,251 | $1,250 |
| 1 adult 3 children | $1,133 | $1,000 | $1,553 | $1,251 | $1,301 |
| 2 adults 2 children | $862 | $1,003 | $1,786 | $1,081 | $985 |
| 1 adult 2 children | $862 | $749 | $1,223 | $1,081 | $950 |
| 2 adults 1 child | $862 | $793 | $1,456 | $530 | $863 |
| 1 adult 1 child | $862 | $512 | $893 | $530 | $715 |
| 2 adults | $742 | $637 | $1,126 | $0 | $708 |
| 1 adult | $655 | $347 | $563 | $0 | $572 |
Safety trends & Data
Lafayette County, Missouri has experienced a notable decline in property crime over the last five years, with burglary incidents dropping from 11 in 2018 to just 2 in 2022, and motor vehicle thefts going from 16 to zero in the same timeframe. While larceny-theft remains relatively frequent, cases have decreased from 34 in 2018 to 26 in 2022. Vandalism and fraud incidents have also shown declines, suggesting a potentially safer environment for residents and investors. This trend could be crucial... Read more
Property Crime Trends in Lafayette County, MO Over the Last 5 Years
Lafayette County, Missouri has shown a noticeable decline in property crime over the past five years. Burglary incidents have dropped from 11 in 2018 to just 2 in 2022, and motor vehicle thefts saw a similar reduction from 16 in 2018 to none recorded in 2022. Although larceny-theft cases remain relatively frequent, they have decreased from 34 in 2018 to 26 in 2022. Vandalism and fraud incidents have also seen declines, indicating a potentially safer environment for residents and investors. This downward trend in property crimes could be compelling for real estate agents, appraisers, and insurance agents when assessing the desirability and risk of the area.
Demographics
Lafayette County, Missouri's demographic profile in 2022 shows a nearly even male-to-female ratio. The county has a diverse age distribution, skewing towards adults aged 55 to 64 years. While high school graduates form the majority, there is a noticeable portion without a diploma or formal education beyond high school. Racially, the population is predominantly White, with small percentages of Black or African American and other races. The insights hint at educational opportunities and... Read more
Race Distribution in Lafayette County, Missouri (2022)
Educational Attainment in Lafayette County, Missouri (2022)
Age Distribution in Lafayette County, Missouri
Citizen Population in Lafayette County, Missouri (2022)
Political Trends & Data
Lafayette County, Missouri, potentially demonstrated a strong Republican preference in the 2020 U.S. Presidential Election, with the party possibly capturing around 72% of the votes. The Democrats might have received about 26%, indicating a significant gap. Minimal impact from Libertarian and Green Party votes, each likely under 2%, hints at a generally conservative voter base, which may influence local real estate demand toward stable, family-oriented... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lafayette County, Missouri, seems to have leaned heavily Republican in the 2020 U.S. Presidential Election, with the party potentially garnering around 72% of the votes. Democrats might have received about 26%, significantly trailing behind. The Libertarians and Green Party candidates appeared to have minimal impact, likely taking in just over 1% and under 0.3% of the vote, respectively. All other parties combined probably accounted for less than 0.2%. This distribution could suggest a strong Republican presence or possibly indicates a preference for conservative policies among the county's voters.
71.96% of voters voted for the Republican party in the 2020 Presidential Election
26.22% of voters voted for the Democrat party in the 2020 Presidential Election
1.41% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.18% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Lafayette County, Missouri, the student-to-teacher ratio has consistently stayed below the national average of 14 students per teacher over the last decade, fluctuating between 11 and just over 10. This trend suggests a more personalized educational experience, which could be linked to better student performance and potentially higher property values. Smaller class sizes might make the area more attractive to families and impact neighborhood desirability, vital for real estate agents,... Read more
Student-to-teacher ratio in Lafayette County, Missouri over the last 10 years
Over the past decade, the student-to-teacher ratio in Lafayette County, Missouri has remained consistently below the national average of 14 students per teacher. The ratio has fluctuated between 11 and just over 10, indicating relatively smaller class sizes. For potential investors, families considering relocating, real estate agents, appraisers, and insurance agents, this trend may suggest a more personalized educational experience and potentially higher educational outcomes. Smaller ratios are often linked to better student performance, which could impact property values and neighborhood desirability. This context is equally important for community stakeholders and policymakers planning future educational investments in Lafayette County.
