Shannon County Real Estate and Livability Trends
Shannon County, Missouri has seen a consistent rise in average taxable income per tax return from $29,651.10 in 2013 to $43,755.31 in 2021, indicating possible improvements in the local economy and job market. Median home values surged from $89,400 in 2015 to $141,600 in 2022, outpacing both state and national rates, pointing to a robust housing market. Real estate taxes and principal residence... Read more
Shannon County Market Trends
Median home values in Shannon County, Missouri have risen impressively from $89,400 in 2015 to $141,600 in 2022, outpacing both state and national growth rates. Residential energy tax credits also surged, especially between 2020 and 2021, hinting at a local focus on energy-efficient home improvements. Real estate taxes per tax return have fluctuated widely, indicating potential market volatility.... Read more
Median Value of Occupied Housing Units in Shannon County, Missouri Over the Last 8 Years
Over the past eight years, median home values in Shannon County, Missouri have shown significant growth, starting at $89,400 in 2015 and rising to $141,600 by 2022. This local trend outpaces the state and national growth rates significantly. For context, Missouri's median home value climbed from $138,400 to $199,400 during the same period, while the national median went from $125,500 to $179,400. Buyers, investors, and residents in Shannon County may find this upward movement intriguing, highlighting the area's increasing appeal and potential for property value appreciation relative to state and national figures.
Residential Energy Tax Credit Per Tax Return in Shannon County, MO Over the Last 6 Years
Shannon County, Missouri has observed a notable increase in the average residential energy tax credit per tax return over the past six years. From 2013's consistent average of $366.67 through a slight dip to $300.00 in 2015, the credit spiked to $500.00 in 2016. The most significant jumps occurred between 2020, where the average was $600.00, and 2021, reaching $1150.00. This upward trend could be indicative of increased investment in energy-efficient home improvements, suggesting potential for further growth and attention from real estate agents, appraisers, and those involved in property development and investment.
Average Real Estate Taxes Per Tax Return in Shannon County, MO Over the Last 10 Years
Shannon County, Missouri has seen quite the fluctuation in real estate taxes per tax return over the last decade, ranging from a low of around $866.67 in 2015 to a peak of roughly $1,633.33 in 2020. For potential investors, these fluctuations might suggest shifts in property values or economic conditions impacting tax rates. Observing these changes could be crucial for insurance agents and real estate appraisers in understanding regional market volatility. For those considering relocating or building in the area, this trend provides a glimpse into the possible financial landscape they might face.
Percentage of Farm Returns in Shannon County, MO Over the Last 10 Years
In Shannon County, Missouri, the proportion of farm tax returns over the past decade has seen a modest fluctuation, ranging from approximately 15.35% to 18.03%. These percentages represent the share of all tax returns filed that are designated as farm returns. Farm returns generally indicate agricultural activity and land use, which might be valuable information for potential investors or residents interested in the local economy's composition. The ebb and flow in these percentages could reflect changes in agricultural productivity, economic conditions, or demographic shifts within the county, all of which can guide decisions regarding investment, property development, or relocation.
Number of Mortgages by Occupancy Type in Shannon County, MO Over the Last 5 Years in Shannon County
In Shannon County, Missouri, the number of mortgages for principal residences saw notable variability over the last five years, peaking significantly in 2021 with 253 mortgages before dropping to 175 in 2022. In contrast, investment property mortgages remained relatively low and stable, not exceeding 11 mortgages in any given year. Second residence mortgages also exhibited minimally fluctuating numbers, maintaining a range between 8 and 19 mortgages. Changes in occupancy type matter because they reflect broader economic behaviors and choices within the county. For investors and real estate agents, the stability of investment mortgages may indicate a less volatile market for rental properties. Meanwhile, the surge and subsequent decline in principal residence mortgages can signal shifting population trends or economic conditions influencing homeownership. For appraisers and insurance agents, these trends can affect property values and risk assessments. Overall, understanding these dynamics is crucial for anyone involved in the property market or considering a move to Shannon County.
Economic Outlook
Shannon County, Missouri has shown a consistent rise in the average taxable income per tax return from around $29,651.10 in 2013 to approximately $43,755.31 in 2021. This upward trend could signal a stronger local economy and improving job market, which might attract potential investors and new residents. Additionally, fluctuations in state and local income taxes, with a notable spike to $20,833.33 in 2020 before settling at $7,750.00 in 2021, point to exceptional economic or policy-driven... Read more
Average Taxable Income per Tax Return in Shannon County, MO over the last 9 years
Shannon County, Missouri has seen a noticeable upward trend in the average taxable income per tax return over the past nine years, growing from approximately $29,651.10 in 2013 to around $43,755.31 in 2021. This consistent increase may indicate a stronger local economy and can be an appealing factor for potential investors, real estate agents, or anyone considering a move to the area. It could also suggest an improving job market or higher wages, which are critical insights for appraisers and insurance agents assessing property value and risk.
Average State and Local Income Taxes Per Tax Return in Shannon County, MO Over the Last 10 Years
Shannon County, Missouri has seen significant fluctuations in average state and local income taxes per tax return over the past decade. While there was a notable increase from $3,096.43 in 2012 to $4,707.69 in 2014, the most striking change occurred in 2020, with taxes hitting a peak of $20,833.33. This sudden spike suggests there might have been exceptional circumstances affecting income or tax policy. By 2021, the figure reduced to $7,750.00, indicating some stabilization. These variations make it crucial for potential investors or residents to understand underlying economic or policy-driven factors for a clearer financial picture.
Average Total Tax Liability Per Tax Return in Shannon County, MO Over the Last 10 Years
Over the past decade, Shannon County, Missouri has experienced a noticeable increase in average total tax liability per tax return. From $3,991.19 in 2012, there was a dip in 2013 followed by a steady climb, reaching $6,433.18 by 2021. This upward trend could potentially indicate rising incomes or increased property values in the area, making it an important consideration for investors, potential residents, real estate professionals, and insurance agents evaluating the market landscape.
Cost of Living in Shannon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $971 | $1,303 | $2,153 | $991 | $1,129 |
| 1 adult 4 children | $971 | $1,064 | $1,648 | $991 | $1,212 |
| 2 adults 3 children | $971 | $1,064 | $1,867 | $991 | $898 |
| 1 adult 3 children | $971 | $869 | $1,362 | $991 | $921 |
| 2 adults 2 children | $798 | $871 | $1,581 | $864 | $782 |
| 1 adult 2 children | $798 | $651 | $1,076 | $864 | $715 |
| 2 adults 1 child | $798 | $689 | $1,295 | $452 | $720 |
| 1 adult 1 child | $798 | $445 | $790 | $452 | $604 |
| 2 adults | $606 | $553 | $1,009 | $0 | $583 |
| 1 adult | $588 | $302 | $505 | $0 | $527 |
Safety trends & Data
Property crime trends in Shannon County, Missouri, reveal a notable decrease in burglary rates from 10.00 in 2018 to 3.00 in 2020, which might attract investors and insurance agents due to potentially lower risk premiums. However, motor vehicle theft increased in 2020 to 5.00, compared to 3.00 in 2018, posing a growing concern for vehicle owners. Understanding these fluctuating crime statistics can help real estate professionals and future homeowners make informed decisions about property... Read more
Property Crime Trends in Shannon County, MO Over the Last 3 Years
Property crime trends in Shannon County, Missouri, show a significant decrease in burglary from 10.00 in 2018 to 3.00 in 2020, which may interest investors and insurance agents due to potentially lower risk premiums. Motor vehicle theft fluctuated but saw an increase in 2020 to 5.00, up from 3.00 in 2018, suggesting a rising concern for vehicle owners and security-focused endeavors. Arson appeared only in 2019 with a count of 2.00. Understanding these varied crime statistics can guide real estate professionals and potential homeowners in making informed decisions about property security investments.
Demographics
Shannon County, Missouri, edges towards a balanced gender distribution with a near-even split between male and female adults. Educational attainment reveals that a notable portion of the population has completed high school, but there's a smaller fraction holding a bachelor's or higher degree, indicating potential gaps in advanced educational access or pursuit. Age distribution data suggests a more substantial representation within the "55 to 64 years" category, hinting at an aging population,... Read more
Race Distribution in Shannon County, Missouri (2022)
Educational Attainment in Shannon County, Missouri (2022)
Age Distribution in Shannon County, Missouri
Citizen Population in Shannon County, Missouri (2022)
Political Trends & Data
Shannon County in Missouri skewed largely Republican in the 2020 U.S. Presidential Election, with the GOP securing over 80% of votes. Democrats trailed at just under 20%, and third-party candidates made up a minor fraction. This conservative dominance could reflect the wider political tendencies in rural... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Shannon County in Missouri appears to lean heavily Republican, with over 80% of the votes cast for the GOP in the 2020 U.S. Presidential Election. Democrats garnered just below 20%, while third-party candidates, including Libertarians and Greens, collectively received only a marginal portion of the vote. This trend might suggest a strongly entrenched conservative base, potentially indicative of the broader political landscape in rural Missouri areas.
81.03% of voters voted for the Republican party in the 2020 Presidential Election
18.07% of voters voted for the Democrat party in the 2020 Presidential Election
0.61% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
0.08% of voters voted for the Other party in the 2020 Presidential Election
School Data
Shannon County, Missouri, boasts a student-to-teacher ratio that has dipped from around fourteen in 2014 to roughly twelve in 2023, consistently staying below the national average of 14. This trend suggests better individual attention for students, likely leading to improved educational outcomes. For families thinking about relocating, this could be a highly attractive factor. Additionally, the focus on educational infrastructure may appeal to investors and developers, while real estate agents... Read more
Student-to-teacher ratio in Shannon County, Missouri over the last 10 years
Shannon County, Missouri, has consistently maintained a student-to-teacher ratio below the national average of 14 over the last decade. The ratio has gradually decreased from around fourteen in 2014 to just about twelve in 2023. This trend might indicate improved individual student attention and potentially better educational outcomes, which could be appealing for families considering a move to the area. For investors and developers, this may suggest a community investing in its educational infrastructure, and for real estate agents, it could be a strong selling point for the local market.
