Platte County Real Estate and Livability Trends
Platte County, Missouri, has experienced a notable rise in average taxable income from $74,163.97 in 2013 to $113,054.45 in 2021, potentially drawing investors and developers due to a more affluent community and higher property appraisals. This economic growth is reflected in the median home values, which surged from $190,300 in 2015 to $288,100 in 2022, significantly outpacing state and national... Read more
Platte County Market Trends
Median home values in Platte County, Missouri, have surged from $190,300 in 2015 to $288,100 in 2022, outpacing both state and national trends. Average residential energy tax credits per tax return also saw a dramatic rise, hitting $4106.67 by 2018, potentially due to increased awareness and adoption of energy-efficient upgrades. Additionally, real estate taxes in the county jumped from $3,459.63... Read more
Median Value of Occupied Housing Units in Platte County, Missouri Over the Last 8 Years
Over the past eight years, median home values in Platte County, Missouri, rose dramatically from $190,300 in 2015 to $288,100 in 2022. This outpaced both the state of Missouri, which climbed from $138,400 to $199,400, and national trends, where values went from $125,500 to $179,400. This indicates a robust local real estate market, suggesting that homes in Platte County may appreciate more quickly compared to broader trends, an enticing prospect for investors and homebuyers looking for growth potential.
Residential Energy Tax Credit Per Tax Return in Platte County, MO Over the Last 9 Years
Over the past nine years in Platte County, Missouri, there's been a noticeable increase in the average residential energy tax credit per tax return, particularly between 2013 and 2018, where it surged from approximately $485.83 to $4106.67. This sharp rise could suggest a growing awareness and utilization of energy-efficient upgrades among residents, potentially driven by state or federal incentives. Real estate agents, appraisers, and investors may want to leverage this trend as a selling point, while insurance agents might consider the implications of more energy-efficient homes on policy rates. For those looking to build or move to the area, understanding this trend could highlight long-term cost savings and environmental benefits.
Average Real Estate Taxes Per Tax Return in Platte County, MO Over the Last 10 Years
Platte County, Missouri has seen a notable increase in average real estate taxes per tax return over the past decade, starting at $3,459.63 in 2012 and rising steeply to $5,704.77 by 2021. The jump in 2018, where the average tax reached $5,095.66 from $3,937.61 the previous year, is particularly striking. This trend potentially signals a robust appreciation in property values, likely due to increased demand and development in the area. For investors, real estate agents, and appraisers, this upward trend suggests a thriving market with escalating property taxes reflecting higher property values.
Percentage of Farm Returns in Platte County, MO Over the Last 10 Years
Over the last ten years, Platte County, Missouri has experienced a gradual decline in the percentage of farm tax returns, dropping from around 1.57% in 2012 to roughly 1.15% in 2021. Farm tax returns typically represent the number of taxpayers reporting income from agricultural activities, which can be an indicator of agricultural economic health in a region. For investors, builders, or individuals considering moving to Platte County, this downward trend might suggest a shift away from farming as a significant economic activity. Understanding this could be crucial for making informed decisions related to property investments or community planning in the county.
Number of Mortgages by Occupancy Type in Platte County, MO Over the Last 5 Years in Platte County
In Platte County, Missouri, the values of mortgages for principal residences show a considerable fluctuation over the past five years, with notable peaks in 2020 and 2021. Investment properties and second residences, though smaller in number, exhibit a more consistent pattern. These changes in occupancy type can indicate shifting economic priorities and housing market dynamics. For investors or prospective homebuyers, a rise in principal residence mortgages might suggest a growing community appeal or economic stability, while a steady investment property trend could point to ongoing investment opportunities. Appraisers and insurance agents might find these trends useful for risk assessment and valuation purposes. Real estate agents and developers can tailor their strategies based on these occupancy shifts to better meet market demands.
Economic Outlook
Platte County, Missouri has seen a steady rise in average taxable income, jumping from $74,163.97 in 2013 to $113,054.45 in 2021. This economic growth could attract investors and developers, suggesting a more affluent community with higher property appraisals. However, an increase in state and local income taxes and total tax liability indicates growing economic activity or tax changes, which investors can't ignore. Meanwhile, the poverty rate has fluctuated, notably increasing to 8.6% by 2022,... Read more
Average Taxable Income per Tax Return in Platte County, MO over the last 9 years
Platte County, Missouri has seen a notable upward trend in average taxable income per tax return over the past nine years, rising from around $74,163.97 in 2013 to $113,054.45 in 2021. This steadily increasing income may indicate growing economic opportunities and could be appealing to potential investors, property developers, and real estate professionals considering the area. Such financial growth also potentially signals a more affluent community, which could translate to higher appraisals and an increased demand for insurance coverage.
Average State and Local Income Taxes Per Tax Return in Platte County, MO Over the Last 10 Years
Over the past decade, Platte County, Missouri experienced a notable increase in average state and local income taxes per tax return. From around $8,114.52 in 2012, the amount initially fluctuated but saw a surge from 2017 onwards, peaking at $16,662.82 in 2021. This sharp rise could suggest growing economic activity or changes in taxation policies, making it an intriguing point of consideration for potential investors or residents in the area.
Average Total Tax Liability Per Tax Return in Platte County, MO Over the Last 10 Years
Over the past decade, Platte County, Missouri has seen a notable upward trend in the average total tax liability per tax return. Starting from $14,422.01 in 2012, there's a slight dip before climbing steadily, with a marked increase to $22,120.24 in 2021. This uptick may suggest overall economic growth or shifts in income levels, which could influence decisions related to real estate investments, property developments, and insurance assessments. Real estate agents and potential investors should keep an eye on these trends when considering the financial dynamics of the area.
Cost of Living in Platte County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,645 | $1,677 | $2,056 | $1,779 | $1,904 |
| 1 adult 4 children | $1,645 | $1,369 | $1,582 | $1,779 | $2,024 |
| 2 adults 3 children | $1,645 | $1,370 | $1,779 | $1,779 | $1,606 |
| 1 adult 3 children | $1,645 | $1,118 | $1,305 | $1,779 | $1,709 |
| 2 adults 2 children | $1,252 | $1,121 | $1,502 | $1,573 | $1,227 |
| 1 adult 2 children | $1,252 | $838 | $1,028 | $1,573 | $1,272 |
| 2 adults 1 child | $1,252 | $886 | $1,225 | $903 | $1,042 |
| 1 adult 1 child | $1,252 | $573 | $751 | $903 | $945 |
| 2 adults | $1,078 | $712 | $948 | $0 | $783 |
| 1 adult | $952 | $388 | $474 | $0 | $649 |
Safety trends & Data
Property crime in Platte County, Missouri has shown some ebb and flow over the past five years. Larceny-theft leads the numbers, peaking at 106.00 arrests in 2018 but declining in the following years. Burglary spiked in 2020 with 15.00 arrests, while motor vehicle theft hit its high in 2019 at 21.00 arrests. Meanwhile, crimes like forgery, counterfeiting, and fraud have stayed relatively low. This could suggest efforts to curb property crimes, yet caution and active community safety measures... Read more
Property Crime Trends in Platte County, MO Over the Last 5 Years
Property crime in Platte County, Missouri shows fluctuations over the past five years. Larceny-theft consistently leads in numbers, peaking at 106.0 arrests in 2018 before a noticeable decline in subsequent years. Burglary and motor vehicle theft also see some variation, with burglary highest in 2020 at 15.0 arrests and motor vehicle theft peaking at 21.0 arrests in 2019. Interestingly, crimes like forgery, counterfeiting, and fraud remain relatively low throughout the period. For those considering investment or moving to the area, these trends may suggest a conscious effort to address property crime, but also highlight the need for continued vigilance and community safety measures.
Demographics
The adult population in Platte County, Missouri, shows a slightly higher number of females compared to males. Education levels reveal a significant portion of the population holds at least a high school diploma, with a noteworthy number having attained a bachelor's or higher degree. Age distribution highlights a relatively young population, particularly in the 25 to 44 age range, suggesting a potential focus on family and career development. Racially, the county is predominantly White, but... Read more
Race Distribution in Platte County, Missouri (2022)
Educational Attainment in Platte County, Missouri (2022)
Age Distribution in Platte County, Missouri
Citizen Population in Platte County, Missouri (2022)
Political Trends & Data
Platte County, Missouri, displayed a tight competition in the 2020 U.S. Presidential Election with Republicans possibly holding a slight advantage at around 50.49% compared to Democrats' 47.46%. The presence of Libertarian and Green Party voters at roughly 1.57% and 0.32%, respectively, might indicate a fairly diverse political landscape. This competitive environment could shape future electoral strategies in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Platte County, Missouri, exhibited a notable split between Republican and Democrat voters, with Republicans potentially having a slight edge at approximately 50.49% while Democrats hovered around 47.46%. Libertarians and Green Party supporters represented smaller portions of the electorate, with roughly 1.57% and 0.32%, respectively. These figures could suggest that Platte County is a competitive battleground, potentially influencing future electoral strategies in Missouri.
50.49% of voters voted for the Republican party in the 2020 Presidential Election
47.46% of voters voted for the Democrat party in the 2020 Presidential Election
1.57% 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
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
Platte County, Missouri has maintained a student-to-teacher ratio slightly below the national average of 14 over the past decade, fluctuating between 12 and 13.5 students per teacher. The recent drop to a ratio of 12 in 2021 might indicate increased investment in education or changes in student enrollment. This educational trend is crucial for investors and home buyers, as superior educational resources often lead to higher property values and demand. Real estate professionals and insurance... Read more
Student-to-teacher ratio in Platte County, Missouri over the last 10 years
Platte County, Missouri has generally seen its student-to-teacher ratio hover slightly below the national average of 14 students per teacher over the last decade. The ratio ranged from 12 to 13.5, indicating smaller class sizes that could potentially offer more individualized attention and better learning outcomes. A decrease in the student-to-teacher ratio, as observed in recent years down to 12 in 2021, might suggest an investment in educational resources or shifts in student enrollment. These trends could be relevant for potential investors and home buyers, as better educational resources often correlate with higher property values and demand. Insurance agents and real estate professionals might find this data valuable for assessing local market conditions and potential growth.
