Scotland County Real Estate and Livability Trends
Scotland County, Missouri has seen a notable rise in average taxable incomes, moving from $38,025.12 in 2013 to $53,992.57 by 2021. This economic boost is mirrored in the surge of median home values, skyrocketing from $75,100 in 2015 to $136,500 in 2022, outpacing Missouri's growth rate. Real estate taxes have also increased significantly since 2016, hinting at rising property values or new tax... Read more
Scotland County Market Trends
Scotland County, Missouri, has witnessed a dramatic rise in median home values, jumping from $75,100 in 2015 to $136,500 in 2022, outpacing Missouri's overall growth rate. Interestingly, average residential energy tax credits fluctuated notably, peaking at $1,400.00 in 2016, possibly indicating local incentives for energy-efficient improvements. Real estate taxes also showed significant... Read more
Median Value of Occupied Housing Units in Scotland County, Missouri Over the Last 8 Years
Scotland County, Missouri has seen a significant increase in median home values over the past eight years, rising from $75,100 in 2015 to $136,500 in 2022. This trend is more dramatic than the state of Missouri, where the median value increased from $138,400 to $199,400 over the same period. On a national level, values also climbed, but in Scotland County, the percentage increase appears more pronounced given the lower starting baseline. For investors and potential home buyers, this indicates a strong localized growth trajectory that may translate to potential gains in real estate value, although it should be weighed against broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Scotland County, MO Over the Last 4 Years
Over the past four years, Scotland County, Missouri has seen fluctuations in the average residential energy tax credit per tax return. Notably, there's a significant spike in 2014, where the credit jumped to an average of $1,100.00, followed by a dip in 2015 to $500.00, and then a peak in 2016 at $1,400.00. These variations suggest that investment in energy-efficient home improvements may have been influenced by local incentives or economic conditions, presenting potential opportunities for both homeowners and investors considering energy-saving projects.
Average Real Estate Taxes Per Tax Return in Scotland County, MO Over the Last 10 Years
Over the past decade, real estate taxes in Scotland County, Missouri have shown some fluctuations, peaking notably in 2018 and 2019 at $2,125.00. The average tax amount hovered around $1,385.00 in 2012, gradually increasing with a significant jump starting in 2016, when the figure reached $1,570.00. This increase in real estate taxes may suggest rising property values or adjustments in local tax policies. These nuances are crucial for prospective investors, homeowners, and professionals in the real estate and insurance industries to consider when evaluating the economic and investment climate of Scotland County.
Percentage of Farm Returns in Scotland County, MO Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Scotland County, Missouri, has gradually increased from roughly 27.01% in 2012 to about 28.87% in 2021. Peaks commonly align with favorable agricultural conditions and market prices, hitting the highest annual percentage at 29.06% in 2017. Fluctuations can usually signal economic and environmental conditions impacting farming viability. Farm tax returns signify the proportion of tax filings attributable to agricultural activities. For investors, builders, and future residents, increasing farm returns can indicate a thriving local agriculture sector, which might promise stable property values and a robust local economy centered around farming.
Number of Mortgages by Occupancy Type in Scotland County, MO Over the Last 5 Years in Scotland County
In Scotland County, Missouri, the number of mortgages for principal residences consistently outweighs those for investment and second homes, reflecting a local market predominantly driven by primary home ownership. Changes in occupancy types provide clues to local economic health and housing demands—essential indicators for investors, real estate agents, and developers. For insurance agents and appraisers, the dominance of principal residence mortgages might suggest relatively stable demand, but fluctuations in investment properties hint at changing investment climates that could impact risk assessments. If you're looking to move to or invest in this area, noting the minimal market share for secondary residences could inform your decision strategies.
Economic Outlook
Scotland County, Missouri has witnessed a notable rise in average taxable incomes over the past nine years, going from $38,025.12 in 2013 to $53,992.57 by 2021, suggesting a strengthening economy. Average state and local income taxes per return have also increased, peaking at $9,350 in 2021, adding to the financial obligations of residents and businesses. These shifts in economic indicators, including the rise in average total tax liability to $6,673.72 in 2021, could influence real estate... Read more
Average Taxable Income per Tax Return in Scotland County, MO over the last 9 years
Over the past nine years, Scotland County, Missouri has seen a significant rise in the average taxable income per tax return, starting from around $38,025.12 in 2013 and reaching approximately $53,992.57 by 2021. This general upward trend, with a noticeable jump between 2020 and 2021, could indicate a strengthening local economy, making it an attractive option for investors, real estate agents, and anyone considering moving to or building property in the area. The growth might also affect appraisals and insurance rates, reflecting the area's increasing economic vitality.
Average State and Local Income Taxes Per Tax Return in Scotland County, MO Over the Last 10 Years
Scotland County, Missouri has seen fluctuations in average state and local income taxes per tax return over the past decade, with a notable increase recently. Between 2012 and 2017, tax returns hovered around $5,000, but a significant spike occurred in 2018, reaching $8,450. By 2021, the amount climbed to an all-time high of $9,350. This trend could potentially impact decisions for prospective investors and property developers, highlighting a rising financial obligation for residents and businesses alike. The uptick may reflect broader economic changes or shifts in local policy, making it a key consideration for anyone eyeing the county for their next move or investment.
Average Total Tax Liability Per Tax Return in Scotland County, MO Over the Last 10 Years
Scotland County, Missouri has experienced noticeable fluctuations in average total tax liability per tax return over the past decade. The liability saw a general increase from $5,024.65 in 2012 to a peak of $6,673.72 in 2021, with significant jumps in 2014 and 2020, suggesting potential economic or policy changes during those periods. These variations could impact property investment decisions, affecting considerations for appraisals, insurance, and real estate market dynamics in the area.
Cost of Living in Scotland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,059 | $1,383 | $2,807 | $923 | $1,406 |
| 1 adult 4 children | $1,059 | $1,130 | $2,153 | $923 | $1,466 |
| 2 adults 3 children | $1,059 | $1,130 | $2,432 | $923 | $1,122 |
| 1 adult 3 children | $1,059 | $923 | $1,778 | $923 | $1,126 |
| 2 adults 2 children | $746 | $925 | $2,057 | $797 | $881 |
| 1 adult 2 children | $746 | $691 | $1,403 | $797 | $788 |
| 2 adults 1 child | $746 | $731 | $1,682 | $388 | $793 |
| 1 adult 1 child | $746 | $472 | $1,028 | $388 | $634 |
| 2 adults | $567 | $587 | $1,307 | $0 | $652 |
| 1 adult | $549 | $320 | $653 | $0 | $553 |
Safety trends & Data
Scotland County, Missouri, has experienced consistent, low levels of property crime over the past three years. While incidents of burglary, larceny-theft, and motor vehicle theft are minimal, there was a slight uptick in motor vehicle thefts in 2020. Sporadic occurrences of forgery, counterfeiting, and arson also appear. These trends may suggest a relatively safe community, which could attract interest from appraisers, insurance agents, and real estate professionals focused on risk and market... Read more
Property Crime Trends in Scotland County, MO Over the Last 3 Years
Scotland County, Missouri, has seen a steady pattern in property crimes over the last three years. Burglary, larceny-theft, and motor vehicle theft show minimal incidents per year, with motor vehicle theft slightly increasing in 2020. Forgery and counterfeiting along with arson appeared sporadically. For those considering moving or investing here, these trends suggest relatively low levels of property crime, potentially indicating a safer community. This could be of particular interest to appraisers, insurance agents, and real estate professionals assessing risk and market value in the area.
Demographics
Scotland County, Missouri's population shows a nearly even split between males and females, with a slight majority of females. The educational attainment levels indicate a large proportion of residents have at least a high school diploma, though there's a notable group with less than 9th grade education. Age distribution reveals a broad spread across age groups with under-10s and middle-aged ranges being significant. Racial demographics are predominantly White, with very small numbers of other... Read more
Race Distribution in Scotland County, Missouri (2022)
Educational Attainment in Scotland County, Missouri (2022)
Age Distribution in Scotland County, Missouri
Citizen Population in Scotland County, Missouri (2022)
Political Trends & Data
Scotland County, Missouri, leaned heavily Republican in the 2020 presidential election, with about 79% of residents casting their vote for the GOP. This conservative tilt might influence local policies and community priorities, including aspects of the real estate market. With Democratic votes at around 20% and third parties barely making a dent collectively at under 2%, the political landscape here could shape investment and development decisions in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Scotland County, Missouri, showed a strong preference for the Republican party in the 2020 presidential election, potentially indicating a solid conservative base. With approximately 79% of the votes, Republicans outpaced Democrats, who garnered roughly 20%, and outshone other parties by a significant margin. Libertarians, the Green party, and other parties had minimal impact, collectively gaining less than 2% of the votes. This distribution could reflect local political leanings and priorities within Scotland County.
78.63% of voters voted for the Republican party in the 2020 Presidential Election
19.56% of voters voted for the Democrat party in the 2020 Presidential Election
1.26% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Green party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Scotland County, Missouri, ranges from around 9 to over 12, consistently below the national average of 14. This could make the area more attractive to families seeking a personalized educational environment. Lower ratios might influence local property values and demand, and could be a significant consideration for investors, real estate agents, and anyone looking to move to the... Read more
Student-to-teacher ratio in Scotland County, Missouri over the last 10 years
The student-to-teacher ratio in Scotland County, Missouri, has fluctuated over the past decade, ranging from a low of around 9 to a high of over 12. This consistent pattern of ratios below the national average of 14 suggests a more personalized educational environment, which could be appealing for families with school-aged children. Lower student-to-teacher ratios can also influence local property values and demand, as well as affect decisions by educators and school administrators regarding staffing and resources. This trend is relevant for investors, real estate agents, and potential movers seeking areas with strong educational support.
