Phelps County Real Estate and Livability Trends
Phelps County, Missouri, has experienced notable real estate market shifts reflected in rising median home values from $114,500 in 2015 to $174,100 in 2022, outpacing both state and national trends. Climbing real estate taxes, from $1,490.20 in 2012 to $2,583.93 in 2021, may signal changing property costs. Interestingly, steady farm tax returns around 4.40% suggest a stable agricultural presence.... Read more
Phelps County Market Trends
Phelps County, Missouri's median home values have surged from $114,500 in 2015 to $174,100 in 2022, outpacing both state and national rates of growth. Notably, residential energy tax credits per tax return peaked in 2018 at $3,000.00 and saw a sustained interest with an average of $1,181.82 in 2021, highlighting a local focus on energy-efficient home improvements. Real estate taxes have also... Read more
Median Value of Occupied Housing Units in Phelps County, Missouri Over the Last 8 Years
Phelps County, Missouri's median home values have seen an impressive climb from $114,500 in 2015 to $174,100 in 2022. Although starting lower than both state and national figures, Phelps County's growth rate is noteworthy, especially considering Missouri's increase from $138,400 to $199,400 and the U.S. jump from $125,500 to $179,400 over the same period. This substantial rise might make Phelps County an attractive option for investors seeking areas with rapid appreciation or potential residents looking for a community on the upswing.
Residential Energy Tax Credit Per Tax Return in Phelps County, MO Over the Last 9 Years
Phelps County, Missouri has seen fluctuating but generally increasing levels of residential energy tax credits per tax return over the past nine years. The average credit ranged from $483.33 in 2013 to a peak of $3,000.00 in 2018, reflecting potential variations in local incentives and energy-efficiency investments. Notably, the increase to $1,181.82 in 2021 suggests sustained interest in energy-saving home improvements. This trend could be of interest to those investing in or appraising property, reflecting both market opportunities and the importance of energy-efficient upgrades in real estate value and insurance assessments.
Average Real Estate Taxes Per Tax Return in Phelps County, MO Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Phelps County, Missouri have shown a marked increase. From roughly $1,490.20 in 2012, taxes have gradually surged to approximately $2,583.93 by 2021. Notably, there was a significant spike starting in 2018, suggesting potential shifts in local economic policies or property valuations. For potential investors and real estate professionals, this rising trend may imply higher holding costs and could impact overall investment strategies. Meanwhile, residents must factor in these tax increases when budgeting for long-term property costs.
Percentage of Farm Returns in Phelps County, MO Over the Last 10 Years
In Phelps County, Missouri, the percentage of farm tax returns over the last decade has remained relatively stable, hovering around 4.20% to 4.60%. Peaks around 4.60% were observed in 2014 and 2017, suggesting slight upticks in agricultural activity or reporting accuracy during those years. This consistent presence of farm returns might hint at a stable agricultural base in the county, which could be a point of consideration for investors or developers looking at rural and semi-rural economic activity.
Number of Mortgages by Occupancy Type in Phelps County, MO Over the Last 5 Years in Phelps County
Over the past five years, Phelps County, Missouri has seen fluctuating mortgage numbers across various occupancy types. The count of mortgages for principal residences has shown significant variability, peaking in 2021 with 1,560 and dropping thereafter. In contrast, investment properties have remained relatively stable but low, suggesting a consistent but limited interest in this market segment. Second residences have consistently had the fewest mortgages, indicating a lesser focus on vacation or part-time homes. Changes in the types of occupancy can influence property demand, pricing, and neighborhood dynamics, impacting investment strategies, property development decisions, and insurance policies. Investors may find opportunities in the stable but underserved investment property market, while realtors and appraisers could use this data to better understand demand shifts and guide prospective homebuyers and sellers. These trends also reflect economic and lifestyle factors, potentially informing community planning and local housing policies.
Economic Outlook
The average taxable income in Phelps County, Missouri has generally trended upwards from roughly $45,455.29 in 2013 to around $59,378.92 in 2021, hinting at growing economic stability. Concurrently, average state and local income taxes per tax return have nearly doubled from about $5,228.67 in 2012 to $10,655.36 by 2021, possibly reflecting shifts in income levels or tax policies. The average total tax liability has also risen, with notable fluctuations, peaking at $8,954.78 in 2021. These... Read more
Average Taxable Income per Tax Return in Phelps County, MO over the last 9 years
The average taxable income in Phelps County, Missouri has shown a generally upward trend over the past nine years, increasing from approximately $45,455.29 in 2013 to around $59,378.92 in 2021. This rising pattern could suggest a growing economic stability or prosperity in the area, which might be appealing for prospective investors, real estate developers, and those looking to move. Moreover, such economic indicators may influence appraisal values and insurance rates, making it crucial for professionals in these fields to stay updated with income trends in the county.
Average State and Local Income Taxes Per Tax Return in Phelps County, MO Over the Last 10 Years
Phelps County, Missouri, has seen a notable rise in average state and local income taxes per tax return over the last decade, with amounts growing from roughly $5,228.67 in 2012 to approximately $10,655.36 by 2021. This near doubling in taxes could indicate various economic shifts, including rising incomes or reassessment of tax policies. For investors, homeowners, and potential new residents, this trend might reflect broader economic resilience or changes in public services and infrastructure funding.
Average Total Tax Liability Per Tax Return in Phelps County, MO Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Phelps County, Missouri has seen a generally upward trend, with several noteworthy fluctuations. Starting at $6,988.17 in 2012, the tax liability experienced incremental increases, reaching a peak in 2021 at $8,954.78. The sharp rise in 2021 could suggest economic shifts or policy changes impacting taxpayers significantly. Investors and potential homeowners might find this data indicative of economic growth in the area, with rising tax liabilities possibly reflecting increasing property values or income levels. Insurance agents and appraisers should consider these trends when evaluating risk and property assessments, while real estate agents can leverage this information to provide clients with a deeper understanding of the financial landscape in Phelps County.
Cost of Living in Phelps County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,080 | $1,323 | $2,153 | $962 | $1,091 |
| 1 adult 4 children | $1,080 | $1,080 | $1,648 | $962 | $1,163 |
| 2 adults 3 children | $1,080 | $1,081 | $1,867 | $962 | $869 |
| 1 adult 3 children | $1,080 | $882 | $1,362 | $962 | $904 |
| 2 adults 2 children | $852 | $885 | $1,581 | $832 | $755 |
| 1 adult 2 children | $852 | $661 | $1,076 | $832 | $658 |
| 2 adults 1 child | $852 | $699 | $1,295 | $410 | $678 |
| 1 adult 1 child | $852 | $452 | $790 | $410 | $563 |
| 2 adults | $647 | $562 | $1,009 | $0 | $554 |
| 1 adult | $610 | $306 | $505 | $0 | $496 |
Safety trends & Data
Phelps County, Missouri has shown fluctuating property crime trends over the past five years. Larceny-theft arrests dropped significantly from 275 in 2018 to 143 in 2022, while burglary incidents also decreased from 74 in 2019 to 53 in 2022. Motor vehicle thefts stayed relatively stable but saw a peak of 23 in 2018 and a dip to 8 in 2022. Despite low numbers in embezzlement and vandalism, a slight increase in arson arrests in 2022 is notable. These trends may impact property evaluations,... Read more
Property Crime Trends in Phelps County, MO Over the Last 5 Years
Phelps County, Missouri has seen fluctuating trends in property crimes over the last five years, with a noticeable drop in larceny-theft from 275 arrests in 2018 to 143 in 2022. Burglary incidents also declined from 74 in 2019 to 53 in 2022. Instances of motor vehicle theft remain relatively stable with minor variations, peaking at 23 in 2018 and dipping to 8 in 2022. While embezzlement and vandalism numbers have stayed low, there is a minor increase in arson arrests in 2022 compared to previous years. These dynamics could potentially influence residential and commercial property evaluations, insurance policies, and investor confidence in the region.
Demographics
Phelps County, Missouri, shows an almost equal male (52.47%) to female (47.53%) ratio among adults, hinting at a balanced gender distribution. When looking at educational attainment, a high percentage of residents have a high school diploma, while smaller portions reach higher education, possibly impacting the local workforce's skill set. The age distribution reveals a substantial young adult population, notably between 20-34 years, which may influence future economic and social services... Read more
Race Distribution in Phelps County, Missouri (2022)
Educational Attainment in Phelps County, Missouri (2022)
Age Distribution in Phelps County, Missouri
Citizen Population in Phelps County, Missouri (2022)
Political Trends & Data
Phelps County, Missouri, saw a substantial Republican presence in the 2020 U.S. Presidential Election, with the party capturing almost 69% of the vote, while Democrats trailed significantly at just over 28%. Third-party candidates barely registered, hinting at a potentially polarized political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Phelps County, Missouri, showcased a strong leaning towards the Republican Party in the 2020 U.S. Presidential Election, with nearly 69% of the vote. The Democratic Party garnered just over 28%, suggesting a significant gap between the two major parties. Third parties like the Libertarian and Green parties barely made a dent, collectively securing less than 2% of the vote, which might hint at a heavily polarized political landscape.
68.89% of voters voted for the Republican party in the 2020 Presidential Election
28.81% of voters voted for the Democrat party in the 2020 Presidential Election
1.88% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% 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 Phelps County, Missouri has generally been below the national average of 14 over the past decade, dropping from 12.74 in 2014 to 12.1 in 2023. This trend might suggest a more personalized education environment, appealing to families and influencing property values positively. Appraisers and insurance agents may view these stable ratios as signs of a solid community foundation, which can impact housing market dynamics and insurance rates. Developers and real... Read more
Student-to-teacher ratio in Phelps County, Missouri over the last 10 years
The student-to-teacher ratio in Phelps County, Missouri has generally been below the national average of fourteen over the past ten years, fluctuating slightly yet showing a gradual decrease from 12.74 in 2014 to 12.1 in 2023. For investors, real estate agents, and those moving to the area, the lower ratios might suggest a more personalized and potentially higher quality education environment. This could be an appealing factor for families considering relocation. Appraisers and insurance agents may see these stable ratios as indicative of a solid community foundation, which can influence property values and insurance rates. For those building or developing property, understanding these trends may help in highlighting community strengths that could attract future residents.
