Polk County Real Estate and Livability Trends
Polk County, Missouri has demonstrated a noticeable rise in real estate activity, with median home values increasing from $114,600 in 2015 to $171,700 in 2022, offering an attractive option for investors due to still being below state and national averages. Rising property taxes, which climbed from $1,326.32 in 2012 to $2,415.15 in 2021, hint at higher property valuations or shifting tax... Read more
Polk County Market Trends
The real estate market in Polk County, Missouri, has seen significant changes over the past decade. Median home values have grown from $114,600 in 2015 to $171,700 in 2022, still below state and national averages, making it attractive for investors. Energy tax credits per return varied widely, spiking to $3,757.14 in 2018, indicating a strong emphasis on energy efficiency. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Polk County, Missouri Over the Last 8 Years
The median home values in Polk County, Missouri, have experienced steady growth over the past eight years, increasing from $114,600 in 2015 to $171,700 in 2022. While this local market shows robust growth, it's interesting to note that these values started lower than both the Missouri state average and the national average in 2015. By 2022, Polk County's median value continues to lag behind the state's median of $199,400 and the national median of $179,400. This trend can be appealing for investors seeking opportunities in regions with comparatively lower property values but consistent appreciation.
Residential Energy Tax Credit Per Tax Return in Polk County, MO Over the Last 9 Years
Polk County, Missouri has seen notable fluctuations in the average residential energy tax credit per tax return over the past nine years, starting at $400.00 in 2013 and peaking significantly at $3,757.14 in 2018. This volatility could indicate changing investment levels in energy-efficient home improvements. Investors and potential homeowners might find such tax credits appealing, as they suggest a supportive stance towards sustainable practices. For appraisers and insurance agents, understanding these trends may help in assessing property values and risks related to energy efficiency. Real estate agents could leverage this data to highlight potential tax benefits to prospective buyers, emphasizing the region's commitment to energy conservation.
Average Real Estate Taxes Per Tax Return in Polk County, MO Over the Last 10 Years
Over the past decade, Polk County, Missouri, has seen a notable increase in average real estate taxes per tax return, jumping from around $1,326.32 in 2012 to approximately $2,415.15 by 2021. This upward trend suggests a growing valuation of properties or a potential shift in local tax policies. For those with an interest in the real estate market, these figures might indicate rising costs of home ownership, impacting decisions for potential buyers, investors, and industry professionals alike.
Percentage of Farm Returns in Polk County, MO Over the Last 10 Years
Polk County, Missouri has seen fluctuations in farm tax returns over the past decade, generally ranging from 11.36% to 12.77%. The highest spike occurred in 2016 with a tentative increase to 12.77%, while a notable dip happened in 2020 at 11.36%. These trends could suggest variations in agricultural productivity or possible shifts in the local farming economy, which investors and potential property builders might find telling. Understanding these patterns is crucial for anyone interested in the long-term viability of agricultural investments in Polk County.
Number of Mortgages by Occupancy Type in Polk County, MO Over the Last 5 Years in Polk County
In Polk County, Missouri, the number of mortgages for principal residences has shown a noticeable upward trend over the last five years, peaking in 2021 with 1,874 mortgages. Investment properties and second residences have remained relatively stable, with only slight fluctuations. Changes in the type of occupancy matter significantly as they influence market dynamics and property values. For investors and real estate agents, this growth in principal residences could signal a vibrant local economy and increased demand for long-term housing. Appraisers might find the stability in investment and second residence mortgages indicative of steady interest in these property types, while insurance agents could see it as a cue to tailor products accordingly. For anyone considering building or moving into the area, understanding these trends can provide valuable insight into the local market’s future trajectory.
Economic Outlook
Polk County, Missouri has seen a steady growth in average taxable income per tax return, peaking at $55,102.44 in 2021, hinting at potential economic growth that may attract real estate investors. However, with this increase, average state and local income taxes have also risen significantly, reaching $10,190.63 in 2021, suggesting a higher local tax burden that could affect cost of living and investment profitability. Additionally, the average total tax liability per tax return has increased... Read more
Average Taxable Income per Tax Return in Polk County, MO over the last 9 years
Polk County, Missouri has seen a gradual increase in average taxable income per tax return over the past nine years, with an especially noticeable jump in 2021 reaching $55,102.44. This trend could indicate economic growth in the area, potentially making it an appealing location for investors and real estate professionals. However, such increases might also impact property taxes and insurance premiums, factors worth considering for those looking to build or buy property in the county.
Average State and Local Income Taxes Per Tax Return in Polk County, MO Over the Last 10 Years
Over the last decade, Polk County, Missouri has seen a notable increase in average state and local income taxes per tax return. Beginning at $4,453.67 in 2012, this figure has climbed consistently, reaching a high of $10,379.41 in 2020 and slightly decreasing to $10,190.63 in 2021. For potential investors or individuals looking to move to the area, this trend suggests a rising local tax burden, which may impact the cost of living and investment returns.
Average Total Tax Liability Per Tax Return in Polk County, MO Over the Last 10 Years
Over the past decade, Polk County, Missouri has seen a noticeable upward trend in average total tax liability per tax return, jumping from approximately $5,234.50 in 2012 to around $7,503.94 in 2021. This trend, punctuated by occasional fluctuations, indicates a general increase in tax burdens, which is crucial information for prospective investors, property developers, real estate agents, and those considering moving to the area. Higher tax liabilities could reflect economic growth and rising incomes but might also impact the overall cost of living and business operations.
Cost of Living in Polk County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $979 | $1,339 | $2,122 | $1,109 | $1,143 |
| 1 adult 4 children | $979 | $1,094 | $1,633 | $1,109 | $1,230 |
| 2 adults 3 children | $979 | $1,094 | $1,836 | $1,109 | $908 |
| 1 adult 3 children | $979 | $893 | $1,347 | $1,109 | $943 |
| 2 adults 2 children | $746 | $896 | $1,550 | $951 | $764 |
| 1 adult 2 children | $746 | $669 | $1,061 | $951 | $697 |
| 2 adults 1 child | $746 | $708 | $1,264 | $436 | $677 |
| 1 adult 1 child | $746 | $457 | $775 | $436 | $567 |
| 2 adults | $579 | $569 | $978 | $0 | $559 |
| 1 adult | $576 | $310 | $489 | $0 | $517 |
Safety trends & Data
Polk County, Missouri has experienced a notable decline in larceny-theft incidents, from 87.0 in 2018 to 44.0 by 2022, and burglary peaked at 10.0 in 2020 but decreased to 6.0 by 2022. While motor vehicle thefts spiked at 10.0 in 2019, they have since stabilized. Vandalism has remained consistent, showing slight increases but staying above 5.0. Sporadic incidents of fraud, arson, and forgery indicate these crimes are less frequent but still present. This property crime landscape can inform both... Read more
Property Crime Trends in Polk County, MO Over the Last 5 Years
Over the past five years, Polk County, Missouri has seen a notable decline in larceny-theft incidents, dropping from 87.0 in 2018 to 44.0 by 2022. Burglary incidents have fluctuated but remained relatively low, peaking at 10.0 in 2020 and decreasing to 6.0 by 2022. Motor vehicle thefts saw a spike in 2019 at 10.0 but have since decreased and stabilized. Vandalism has shown a slight increase and then steadiness, with values consistently above 5.0. The scattered occurrences of fraud, arson, and forgery suggest these crimes are less frequent but still present. These trends are critical for potential investors and residents as they provide insight into the property crime landscape, highlighting both improvements and areas needing continued vigilance.
Demographics
Polk County, Missouri presents a nearly even gender distribution among its adult population, with a slight majority of females. Educational attainment varies widely, with a significant portion holding only a high school diploma or some college experience but no degree. The age distribution skews towards middle age, especially in the 45 to 64-year range, showing stable community growth but presenting challenges for services catering to younger demographics. The vast majority of residents... Read more
Race Distribution in Polk County, Missouri (2022)
Educational Attainment in Polk County, Missouri (2022)
Age Distribution in Polk County, Missouri
Citizen Population in Polk County, Missouri (2022)
Political Trends & Data
In Polk County, Missouri, approximately 79% of the votes in the 2020 U.S. Presidential Election likely went to the Republican Party, while the Democratic Party trailed at around 19%. Minor parties like the Libertarians and Greens potentially had a minimal impact, with less than 2% of the vote share. This suggests a strong Republican leaning in the county's political landscape, which could influence local real estate trends, potentially attracting buyers and investors who favor conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Polk County, Missouri, there's a notable Republican dominance, with nearly 79% of the votes potentially going to the GOP in the 2020 U.S. Presidential Election. The Democratic Party could barely muster around 19%, suggesting a significant political leaning in this region. Minor parties like the Libertarians and Greens might have an almost negligible presence, collectively accounting for less than 2% of the votes. This trend might imply a deeply entrenched Republican preference among the local electorate.
78.66% of voters voted for the Republican party in the 2020 Presidential Election
19.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.85% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
0.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
Polk County, Missouri has maintained student-to-teacher ratios between 11 and 12 students per teacher over the past decade, slightly below the national average of 14. This trend suggests smaller class sizes, potentially offering more personalized student attention, which might translate to better educational outcomes. For real estate investors, agents, and families, this could indicate a beneficial school environment, possibly influencing property values positively and contributing to community... Read more
Student-to-teacher ratio in Polk County, Missouri over the last 10 years
Polk County, Missouri has shown relatively stable student-to-teacher ratios over the past ten years, hovering between 11 and 12 students per teacher, slightly below the national average of 14 students per teacher. This lower ratio could indicate smaller class sizes, potentially providing more personalized attention to students and possibly translating to better educational outcomes. For potential investors, real estate agents, and families considering a move, this trend might suggest a beneficial school environment when compared to the broader national context. Appraisors and insurance agents might view this as a positive factor influencing property values and community stability.
