Mercer County Real Estate and Livability Trends
Mercer County, Missouri’s real estate market has seen interesting financial shifts, with average taxable income per tax return jumping from $35,474.52 in 2017 to a high of $49,567.31 in 2021. Median home values surged to $104,800 in 2022 from $82,700 in 2021, hinting at accelerated property value trends. Real estate taxes peaked at $3200.00 in 2020, aligning with the observed increase in... Read more
Mercer County Market Trends
Mercer County, Missouri’s real estate market saw a notable surge in median home values in 2022, climbing to $104,800 from $82,700 in 2021, contrasting its previous fluctuations. Real estate taxes per return, which peaked at $3200.00 in 2020, provide insight into local property value shifts and tax policies. Farm tax returns slightly decreased over the past decade, hinting at a gradual decline... Read more
Median Value of Occupied Housing Units in Mercer County, Missouri Over the Last 8 Years
Median home values in Mercer County, Missouri, saw a significant rise in 2022, reaching $104,800 from $82,700 in 2021. Though it fluctuated slightly in previous years, the 2022 spike stands out when compared to national and state trends. Nationally, median home values climbed steadily from $125,500 in 2015 to $179,400 in 2022. Missouri followed a similar trajectory, with values rising from $138,400 in 2015 to $199,400 in 2022. Mercer County's unique volatility could intrigue investors or potential residents looking for market entry points below state and national averages, especially considering its recent sharp increase in value.
Average Real Estate Taxes Per Tax Return in Mercer County, MO Over the Last 9 Years
In Mercer County, Missouri, real estate taxes per tax return have seen a fluctuating trend over the past nine years, starting from $1335.71 in 2012 and reaching a peak of $3200.00 in 2020. Notably, there was a sharp increase in 2018 from $1386.67 to $2000.00, and then another significant jump in 2020. These changes may be relevant for investors and homebuyers looking into property taxes, as they potentially reflect shifts in property values or local tax policies. Real estate agents and appraisers might find these trends useful in understanding the local market dynamics and advising clients accordingly.
Percentage of Farm Returns in Mercer County, MO Over the Last 10 Years
In Mercer County, Missouri, the percentage of farm tax returns over the last decade shows a modest fluctuation around 25% to 27%. From 2012 to 2021, the data suggest a slight decline, with the percentage of farm returns dropping from approximately 26.80% in 2012 to around 24.30% in 2021. These tax returns give some indication of the agricultural activity and economic reliance on farming within the county. For anyone considering investment, real estate development, or relocation to Mercer County, understanding these farm return trends could provide a useful perspective on the stability and health of the local agricultural sector.
Number of Mortgages by Occupancy Type in Mercer County, MO Over the Last 5 Years in Mercer County
In Mercer County, Missouri, the number of mortgages for principal residences peaked in 2021 at 102, while investment properties and second residences have seen minimal activity, never surpassing 4 and 6 respectively. Shifts in the primary type of occupancy matter significantly; they highlight potential demographic changes, influencing market stability and the risk profiles differently for various stakeholders. Investors, builders, and insurers especially should note the decreasing trend in mortgages for principal residences, as it may imply evolving homeowner preferences, market saturation, or economic factors impacting residential purchase dynamics.
Economic Outlook
In Mercer County, Missouri, the real estate market trends have seen varying financial dynamics over recent years. Average taxable income per tax return has fluctuated from $35,474.52 in 2017 to a peak of $49,567.31 in 2021, suggesting shifts in economic conditions and employment opportunities. Concurrently, state and local income taxes have shown an upward trend with some volatility, reaching as high as $5,800.00 in 2015. Average total tax liabilities also displayed notable fluctuations,... Read more
Average Taxable Income per Tax Return in Mercer County, MO over the last 9 years
Over the past nine years, Mercer County, Missouri has shown some notable fluctuations in average taxable income per tax return, with amounts ranging from a low of $35,474.52 in 2017 to a peak of $49,567.31 in 2021. This volatility could indicate varying economic conditions and employment opportunities. Such income trends are crucial for real estate agents and investors to gauge potential market growth, for appraisers and insurance agents to assess property value changes, and for those considering moving to understand economic stability.
Average State and Local Income Taxes Per Tax Return in Mercer County, MO Over the Last 6 Years
In Mercer County, Missouri, over the past six years, average state and local income taxes per tax return have seen a fluctuating upward trend. Starting from $3,792.31 in 2012, there was notable growth reaching $5,800.00 in 2015, before a slight decline to $5,035.71 in 2017. This kind of volatility could suggest varying economic factors at play, such as changing employment rates or shifts in local economic policies. Investors and potential residents might find these trends important as they reflect the local tax burden that could impact disposable income and property affordability.
Average Total Tax Liability Per Tax Return in Mercer County, MO Over the Last 10 Years
Average total tax liabilities in Mercer County, Missouri have displayed notable fluctuations over the last decade, peaking in 2013 at approximately $6,289.22 and again in 2021 at around $6,341.88. Strikingly, the lowest point was in 2019, with a notable dip to $4,500.00. This variability could play a critical role for prospective investors, homebuyers, and real estate agents in understanding the potential financial implications related to local tax burdens in the area. Appraisers and insurance agents might also find these trends crucial as it might affect property values and insurance rates.
Cost of Living in Mercer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $998 | $1,387 | $2,445 | $860 | $1,295 |
| 1 adult 4 children | $998 | $1,133 | $1,874 | $860 | $1,376 |
| 2 adults 3 children | $998 | $1,133 | $2,119 | $860 | $1,033 |
| 1 adult 3 children | $998 | $925 | $1,548 | $860 | $1,054 |
| 2 adults 2 children | $746 | $928 | $1,793 | $737 | $847 |
| 1 adult 2 children | $746 | $693 | $1,222 | $737 | $774 |
| 2 adults 1 child | $746 | $733 | $1,468 | $339 | $774 |
| 1 adult 1 child | $746 | $474 | $897 | $339 | $639 |
| 2 adults | $567 | $589 | $1,142 | $0 | $659 |
| 1 adult | $549 | $321 | $571 | $0 | $583 |
Safety trends & Data
Mercer County, Missouri has experienced fluctuating property crime trends, particularly with burglary and fraud. Although 2018 saw 7 burglaries and 4 fraud incidents, fraud cases dropped significantly to just 1 in 2019. Minimal activity has been observed in larceny-theft, motor vehicle theft, and vandalism. These insights could be vital for real estate agents, investors, and insurance agents assessing local risk factors, impacting property values and insurance... Read more
Property Crime Trends in Mercer County, MO Over the Last 2 Years
Mercer County, Missouri has seen a fluctuation in property crime over the last two years, with burglary and fraud being the most significant issues. In 2018, the county recorded 7 burglaries and 4 fraud incidents. However, in 2019, fraud cases dropped to 1. Other property crimes like larceny-theft, motor vehicle theft, and vandalism showed minimal activity. These trends may interest real estate agents, investors, and insurance agents considering the local risk factors and safety profile, impacting property valuations and insurance premiums in the area.
Demographics
Mercer County, Missouri, exhibits a fairly balanced gender ratio, with a slightly higher number of females. The adult population shows a range of educational attainment, with the largest group being high school graduates, reflecting a rural region's educational profile. The age distribution suggests a significant portion of the population is middle-aged to elderly, hinting at potential community needs related to healthcare and senior services. The county is overwhelmingly White, with very small... Read more
Race Distribution in Mercer County, Missouri (2022)
Educational Attainment in Mercer County, Missouri (2022)
Age Distribution in Mercer County, Missouri
Citizen Population in Mercer County, Missouri (2022)
Political Trends & Data
Mercer County, Missouri, exhibited a significant conservative preference in the 2020 U.S. Presidential Election, with Republicans potentially capturing around 87% of the vote. Democrats may have only secured about 12%, and minor parties had little influence, collectively gathering just over 1%. This trend might suggest a predominantly Republican-leaning demographic in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mercer County in Missouri leaned heavily Republican in the 2020 U.S. Presidential Election, with an estimated 87% of votes. Democrats garnered roughly 12%, while Libertarians and other minor parties had minimal impact, collectively amassing barely over 1%. The data suggests a strong conservative preference among voters in this region.
86.62% of voters voted for the Republican party in the 2020 Presidential Election
12.48% of voters voted for the Democrat party in the 2020 Presidential Election
0.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.06% of voters voted for the Green party in the 2020 Presidential Election
0.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Mercer County, Missouri has decreased from approximately 10 students per teacher in 2014 to around 8 in 2023, compared to the national average of 14. This could suggest more individualized attention for students, potentially appealing to families and investors. It might also indicate an increase in job opportunities for teachers and a positive impact on property values, important factors for real estate agents to consider. However, it's essential to weigh these... Read more
Student-to-teacher ratio in Mercer County, Missouri over the last 10 years
The student-to-teacher ratio in Mercer County, Missouri has shown a consistent downward trend over the past decade, decreasing from approximately 10 students per teacher in 2014 to around 8 in 2023. This trend is noteworthy considering the current national average of 14 students per teacher. A lower student-to-teacher ratio might typically suggest more individualized attention for students, which can be a significant advantage for families considering relocation or investors evaluating the quality of local education. Lower ratios might also indicate more job opportunities for teachers and could impact property values positively, appealing to investors and real estate agents alike. However, appraisers and insurance agents may want to consider how these trends interact with broader economic conditions in the area.
