Madison County Real Estate and Livability Trends
Madison County, Missouri, has experienced notable economic and real estate shifts. Average taxable income per tax return has jumped from around $38,657.81 in 2013 to nearly $49,967.18 in 2021, indicating growing buying power despite fluctuating taxes. Median home values rose from $89,200 in 2015 to $127,300 in 2022, yet remain below state and national medians, presenting potential opportunities... Read more
Madison County Market Trends
Madison County, Missouri's residential real estate market has seen median home values climb from $89,200 in 2015 to $127,300 in 2022, although these values still sit below statewide and national medians. This lower entry cost could attract investors seeking more affordable opportunities. The county's recent surge in residential energy tax credits, peaking at $875.00 in 2020, implies a growing... Read more
Median Value of Occupied Housing Units in Madison County, Missouri Over the Last 8 Years
Madison County, Missouri has seen a steady rise in the median value of occupied housing units over the last eight years, moving from $89,200 in 2015 to $127,300 in 2022. Although the county's home values have been climbing, they still fall below Missouri's state median, which reached $199,400 in 2022, and the national median, which hit $179,400 the same year. This lower entry point could potentially offer more affordable investment opportunities compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Madison County, MO Over the Last 8 Years
Over the past eight years, Madison County, Missouri has seen significant fluctuation in residential energy tax credits per tax return. Initially consistent, with values hovering around $375.00 to $428.57 from 2013-2015, the average saw a dip to $357.14 in 2016 and $350.00 in 2017. However, there was a notable surge in recent years, with figures jumping to $600.00 in 2019 and peaking at $875.00 in 2020 before slightly stabilizing at $833.33 in 2021. This trend may suggest increasing investments in energy-efficient home improvements, which could be a beneficial consideration for property developers, real estate investors, and insurance agents evaluating the area's potential and sustainability initiatives.
Average Real Estate Taxes Per Tax Return in Madison County, MO Over the Last 10 Years
Over the past decade in Madison County, Missouri, average real estate taxes per tax return have shown a steady upward trend. Notably, there was a significant jump from $1,880.00 in 2018 to $2,300.00 in 2019, followed by a slight decrease to $2,100.00 by 2021. This trend may indicate a growing real estate market or increasing property values, which could be crucial for investors, homeowners, and real estate professionals eyeing opportunities or assessing risks in the region.
Percentage of Farm Returns in Madison County, MO Over the Last 10 Years
Madison County, Missouri has seen a fluctuating yet predominantly declining trend in farm tax returns over the past decade. In 2012, farm returns made up approximately 7.75% of total returns, gradually decreasing to around 7.10% by 2021. These farm tax returns represent the percentage of taxpayers within the county reporting farm income on their taxes, which can be indicative of the health and prevalence of agricultural activities. This trend could suggest evolving economic dynamics in the area, potentially affecting decisions for those considering agricultural investments or property development in Madison County.
Number of Mortgages by Occupancy Type in Madison County, MO Over the Last 5 Years in Madison County
Madison County, Missouri has shown a significant stable preference towards mortgages for principal residences, with peaks in 2020 and 2021. Investment properties have seen a slight decline, especially noticeable in 2020. Second residences maintain a minor and consistent share. These trends are crucial for investors and real estate professionals to gauge market stability and demand, whereas insurance agents and appraisers can better estimate risk and value. Variations in occupancy type highlight potential growth areas, influencing decisions on property development and community planning.
Economic Outlook
Madison County, Missouri has experienced a consistent rise in average taxable income per tax return, jumping from about $38,657.81 in 2013 to nearly $49,967.18 in 2021. Coupled with fluctuating state and local taxes, which peaked at $12,033.33 in 2019, potential investors and real estate professionals might see this as a sign of increasing buying power and economic shifts. The volatility in average total tax liability per tax return, particularly with notable highs like $6,334.48 in 2017,... Read more
Average Taxable Income per Tax Return in Madison County, MO over the last 9 years
Average taxable income per tax return in Madison County, Missouri has shown a steady upward trend over the past nine years, increasing from approximately $38,657.81 in 2013 to around $49,967.18 in 2021. Notably, the most significant jumps occurred between 2017 and 2019. This upward trajectory could potentially attract investors, builders, and real estate agents due to an increase in purchasing power among residents. The rise in income might also be pertinent information for insurance agents and appraisers when evaluating risk and property values.
Average State and Local Income Taxes Per Tax Return in Madison County, MO Over the Last 10 Years
Madison County, Missouri has seen a noticeable fluctuation in average state and local income taxes per tax return over the past decade. Starting at $4,117.39 in 2012, taxes peaked dramatically in 2019 at $12,033.33, before settling at $6,555.56 in 2021. These shifts could indicate changing economic conditions or policy adjustments impacting residents and investors alike. Such volatility might be worth considering for those planning to move, invest, or build property in the area.
Average Total Tax Liability Per Tax Return in Madison County, MO Over the Last 10 Years
Madison County, Missouri has seen volatile trends in average total tax liability per tax return over the last decade, with notable highs such as $6,334.48 in 2017 and more stabilized periods around the $5,000.00 to $6,000.00 mark. Such fluctuations may suggest economic shifts affecting individual taxpayers, which could be pivotal for potential investors and real estate agents looking to understand the economic landscape. For insurance agents and appraisers, these variations might indicate underlying changes in residents' income levels or employment patterns. Those moving to or living in Madison County may wish to consider how these tax liabilities align with overall living costs and financial health of the area.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $982 | $1,351 | $2,576 | $845 | $1,218 |
| 1 adult 4 children | $982 | $1,103 | $1,975 | $845 | $1,271 |
| 2 adults 3 children | $982 | $1,104 | $2,232 | $845 | $957 |
| 1 adult 3 children | $982 | $901 | $1,631 | $845 | $954 |
| 2 adults 2 children | $746 | $904 | $1,888 | $720 | $794 |
| 1 adult 2 children | $746 | $675 | $1,288 | $720 | $694 |
| 2 adults 1 child | $746 | $714 | $1,545 | $315 | $718 |
| 1 adult 1 child | $746 | $461 | $944 | $315 | $576 |
| 2 adults | $567 | $574 | $1,201 | $0 | $609 |
| 1 adult | $549 | $313 | $601 | $0 | $529 |
Safety trends & Data
Madison County, Missouri has experienced varying property crime trends over the past five years. Notably, larceny-theft peaked at 45 incidents in 2022, while burglary saw a significant drop to just one incident in 2021 before increasing slightly. Motor vehicle theft and vandalism have remained relatively low and stable, but there has been a recent spike in forgery and counterfeiting, reaching 12 reported cases in 2022. These insights could be pivotal for real estate agents, potential investors,... Read more
Property Crime Trends in Madison County, MO Over the Last 5 Years
Madison County, Missouri has seen varying trends in property crimes over the past five years. Larceny-theft consistently remains the most frequently reported crime, peaking at 45 incidents in 2022. In contrast, burglary incidents have fluctuated, showing a notable drop to just one in 2021 before slightly increasing again. Motor vehicle theft and vandalism incidents have remained relatively low and stable. The data suggest a recent spike in forgery and counterfeiting, climbing to 12 reported cases in 2022. These insights could be pivotal for real estate agents, potential investors, and insurance professionals assessing risk and property values in the county.
Demographics
Madison County, Missouri exhibits a balanced gender population with almost equal numbers of males and females. The county's education landscape shows a significant portion of the adult population holding at least a high school diploma or higher, though a notable subset lacks high school completion. Age-wise, the county appears to have a mature population, with sizable segments in the 45 and older age brackets. The racial composition leans heavily towards White residents, with minimal... Read more
Race Distribution in Madison County, Missouri (2022)
Educational Attainment in Madison County, Missouri (2022)
Age Distribution in Madison County, Missouri
Citizen Population in Madison County, Missouri (2022)
Political Trends & Data
Madison County, Missouri, seemingly has a strong conservative tilt, potentially evident from over 80% of votes possibly going to the Republican candidate in the 2020 U.S. Presidential Election. The Democratic candidate might have captured about 18%, with minor parties likely barely making a dent. This pattern could point to a deeply entrenched conservative ethos in the area, possibly impacting local policies and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Madison County, Missouri, seemingly demonstrated a strong preference for the Republican candidate, potentially capturing over 80% of the vote in the 2020 U.S. Presidential Election. The Democratic candidate might have garnered around 18%, while minor parties like the Libertarians and Greens collectively accounted for a small fraction. This trend could suggest a deeply rooted conservative leaning within the county.
80.76% of voters voted for the Republican party in the 2020 Presidential Election
17.95% of voters voted for the Democrat party in the 2020 Presidential Election
0.93% 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
0.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Madison County, Missouri, has seen a wide range in student-to-teacher ratios over the past decade, hitting almost 20 students per teacher in 2016 before falling to just over 11 recently. This shift might be a key factor for those eyeing the area, as lower student-to-teacher ratios can mean more personalized instruction and possibly better educational outcomes. Despite a phase of higher ratios, the current figures appear more attractive compared to the national average of 14 students per... Read more
Student-to-teacher ratio in Madison County, Missouri over the last 10 years
Madison County, Missouri, has experienced a significant variation in student-to-teacher ratios over the last decade, peaking at nearly 20 students per teacher in 2016 before dropping to just over 11 in recent years. This fluctuation may be important for those considering moving to the area, as lower student-to-teacher ratios are often linked to more personalized instruction and better educational outcomes. Despite a period of higher ratios, the recent numbers suggest a favorable trend when compared to the national average of 14 students per teacher, potentially making Madison County more attractive for families and educational professionals.
