Ray County Real Estate and Livability Trends
Ray County, Missouri's average taxable income has steadily risen from $48,058.40 in 2013 to $62,969.85 in 2021, signaling possible economic growth that could entice real estate investors. Median home values in the county climbed from $120,200 in 2015 to $169,200 in 2022, below the state average of $199,400, potentially attracting more budget-conscious buyers. Real estate taxes per return... Read more
Ray County Market Trends
Ray County, Missouri has experienced steady growth in median home values from $120,200 in 2015 to $169,200 in 2022. Although the median value trails the state's $199,400 average, it could attract budget-conscious investors and homebuyers. The average residential energy tax credit per tax return peaked dramatically in 2018 at $4,800.00 but has since stabilized to $1,921.43 by 2020. The average... Read more
Median Value of Occupied Housing Units in Ray County, Missouri Over the Last 8 Years
Ray County, Missouri has experienced steady growth in median home values over the past eight years, rising from $120,200 in 2015 to $169,200 in 2022. While this increase is impressive, it's worth noting that the county's current median value still lags behind the state's average of $199,400 and the nationwide figure of $179,400 for 2022. This relatively lower pricing could be an attractive incentive for investors and homebuyers looking for more affordable property options while still benefiting from the upward trend.
Residential Energy Tax Credit Per Tax Return in Ray County, MO Over the Last 9 Years
In Ray County, Missouri, the average residential energy tax credit per tax return has shown significant fluctuations over the last nine years, peaking dramatically in 2018 at $4800.00. Notable increases were also observed between 2014 and 2016, with a particularly sharp rise in 2015 reaching $1055.00 and then climbing to $1264.71 in 2016. However, after 2018, there was a decline, with the figures stabilizing to around $1921.43 by 2020. These variations could suggest shifts in local policies, energy efficiency programs, or resident participation, which could impact decisions for potential investors, homeowners, and professionals in real estate and insurance.
Average Real Estate Taxes Per Tax Return in Ray County, MO Over the Last 10 Years
In Ray County, Missouri, the average real estate taxes per tax return have generally been on the rise over the past decade, with a noticeable jump starting around 2018. The average taxes increased from approximately $1,727.90 in 2012 to around $2,850.00 in 2021. The spike between 2018 and 2019, where taxes rose from about $2,335.14 to $2,751.43, could signal changing property values or updated assessments. This trend might be interesting for potential investors, builders, and real estate agents looking to understand the evolving financial landscape and anticipate future tax implications for property ownership in the area.
Percentage of Farm Returns in Ray County, MO Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Ray County, Missouri has experienced some fluctuations, starting at 8.87% in 2012 and dipping to as low as 7.14% in 2020. Although there's a slight rebound to 7.47% in 2021, the overall trend appears to be a gradual decline. Farm tax returns are a key indicator of the number of farming operations filing taxes in the region, revealing insights into the agricultural sector's health and potentially signaling broader economic shifts within the county. For investors, property developers, and residents, this downward trend might suggest a need to closely monitor the agricultural industry's viability and its impacts on the local economy.
Number of Mortgages by Occupancy Type in Ray County, MO Over the Last 5 Years in Ray County
Ray County, Missouri has seen a noticeable uptick in mortgages for principal residences over the last five years, peaking at 1440 in 2021. Investment property mortgages have remained relatively steady, fluctuating modestly around the mid-30s to low 50s range. Meanwhile, second residence mortgages have dipped to single digits by 2022. These trends might suggest a growing demand for primary homes, potentially validating the region's appeal for families and long-term residents. Stable investment property mortgages could indicate a consistent interest in rental markets or long-term investments, which might be crucial for real estate agents and investors. The decline in second residences could signal a shift away from vacation or seasonal homes, possibly due to changing consumer priorities or economic conditions. Understanding these changes can be key for appraisers, insurance agents, and developers as they assess the market dynamics and risk profiles in Ray County.
Economic Outlook
In Ray County, Missouri, the average taxable income per tax return has shown a consistent rise, increasing from roughly $48,058.40 in 2013 to about $62,969.85 in 2021, possibly pointing to economic growth or better local job prospects. This upward trajectory may appeal to real estate investors and professionals assessing market potential. Additionally, state and local income taxes have climbed over the decade, starting at $4,494.55 in 2012 and peaking at $6,283.33 in 2020, which could influence... Read more
Average Taxable Income per Tax Return in Ray County, MO over the last 9 years
In Ray County, Missouri, the average taxable income per tax return has shown a general upward trend over the past nine years. Starting at around $48,058.40 in 2013, it gradually increased, peaking at approximately $62,969.85 in 2021. This steady rise might reflect broader economic growth or improved local employment opportunities. For those interested in real estate or investment, this trend could indicate a growing and potentially more affluent market. Furthermore, insurance agents and appraisers might find these figures useful when assessing property values and risk.
Average State and Local Income Taxes Per Tax Return in Ray County, MO Over the Last 10 Years
Over the past decade, residents in Ray County, Missouri, might have noticed a gradual increase in their average state and local income taxes per tax return. Starting from $4,494.55 in 2012, the figure peaked at $6,283.33 in 2020 before dipping slightly to $6,048.00 in 2021. Those considering investing or moving to the area might want to factor in this upward trend when evaluating the overall cost of living and its potential impact on disposable income.
Average Total Tax Liability Per Tax Return in Ray County, MO Over the Last 10 Years
Ray County, Missouri has experienced fluctuating average total tax liabilities per tax return over the past decade, trending upward overall. The tax liability rose from approximately $6,306.00 in 2012 to around $8,447.12 in 2021, with notable increases in years like 2015 and 2021. Such increases could be indicative of broader economic shifts, changing local policies, or rising incomes, and might impact decisions for investors, builders, and real estate professionals considering the area.
Cost of Living in Ray County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,123 | $1,339 | $2,455 | $1,395 | $1,539 |
| 1 adult 4 children | $1,123 | $1,094 | $1,890 | $1,395 | $1,656 |
| 2 adults 3 children | $1,123 | $1,094 | $2,124 | $1,395 | $1,268 |
| 1 adult 3 children | $1,123 | $893 | $1,559 | $1,395 | $1,335 |
| 2 adults 2 children | $854 | $896 | $1,793 | $1,226 | $1,006 |
| 1 adult 2 children | $854 | $669 | $1,228 | $1,226 | $994 |
| 2 adults 1 child | $854 | $708 | $1,461 | $678 | $892 |
| 1 adult 1 child | $854 | $457 | $896 | $678 | $754 |
| 2 adults | $735 | $569 | $1,130 | $0 | $704 |
| 1 adult | $650 | $310 | $565 | $0 | $575 |
Safety trends & Data
Property crime trends in Ray County, Missouri over the past five years reveal some noteworthy fluctuations. Larceny-theft peaked at 56 incidents in 2018 but dropped to 21 by 2022, while burglary incidents saw notable variability, including a spike to 10 in 2022. Vandalism incidents hit a high in 2020 with 22 instances but generally remained lower in other years. These crime statistics could potentially influence property acquisition decisions, insurance rates, and community safety initiatives,... Read more
Property Crime Trends in Ray County, MO Over the Last 5 Years
Examining property crime trends in Ray County, Missouri over the last five years reveals a fluctuating landscape. Larceny-theft consistently remains the most prevalent crime, peaking at 56 incidents in 2018 but dropping to 21 by 2022. Burglary incidents show variability, with notable lows in 2020 and a spike to 10 in 2022. Vandalism reports hit a high in 2020 with 22 instances but generally stay lower in other years. Critical for potential investors or residents, these crime statistics might influence decisions on property acquisition, insurance rates, and community safety initiatives.
Demographics
Ray County, Missouri shows a roughly equal gender distribution among adults. Educational attainment is quite varied, with a significant portion holding just a high school diploma or some college experience. Age-wise, there seems to be a notable population in the 45 to 64-year range, which might imply an aging demographic. Most residents identify as White, with very minimal representation from other racial... Read more
Race Distribution in Ray County, Missouri (2022)
Educational Attainment in Ray County, Missouri (2022)
Age Distribution in Ray County, Missouri
Citizen Population in Ray County, Missouri (2022)
Political Trends & Data
Ray County, Missouri, showcased a substantial Republican tilt in the 2020 U.S. Presidential Election, with about 72% of votes leaning towards the GOP. Democrats garnered close to 27%, while Libertarians, Greens, and other parties barely reached 3% combined. This pattern suggests a politically conservative environment that may influence local policies and potentially impact real estate developments, regulations, and public... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Ray County, Missouri, the 2020 U.S. Presidential Election saw a significant lean towards the Republican party, with around 72% of votes likely attributed to them. The Democrats appeared to secure approximately 27% of the vote. Libertarians, Greens, and other parties collectively seemed to capture less than 3% of the total vote, pointing to a strong two-party dominance in this county. This trend may hint at a political landscape heavily favoring conservative policies and candidates.
71.64% of voters voted for the Republican party in the 2020 Presidential Election
26.69% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.18% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ray County, Missouri, has experienced fluctuations in its student-to-teacher ratio over the past decade, generally staying below the national average of 14 students per teacher. The ratio reached 14 in 2021 but fell to 12.27 by 2023. This could impact local educational quality, making the area potentially more attractive to relocating families and influencing property values. Investors should consider these educational metrics as lower ratios may suggest improved educational conditions,... Read more
Student-to-teacher ratio in Ray County, Missouri over the last 10 years
Over the past decade, Ray County, Missouri, has seen its student-to-teacher ratio generally hover below the US national average of 14 students per teacher. Notably, the ratio peaked at 14 in 2021 but subsequently decreased to 12.27 by 2023. These fluctuations could influence local educational quality, affecting decisions for families considering relocation as well as real estate and insurance professionals assessing property values and risks. Potential investors should keep this metric in mind, as lower ratios may indicate better educational conditions, which can enhance community attractiveness and stability.
