Shelby County Real Estate and Livability Trends
Shelby County, Missouri, could attract real estate investors with its increasing average taxable income per tax return, which rose from $40,811.38 in 2013 to $55,160.50 in 2021. Median home values were impressively low at $85,900 in 2022 compared to Missouri’s $199,400, suggesting significant affordability. The local education system’s improving student-to-teacher ratio, down to eleven... Read more
Shelby County Market Trends
Shelby County, Missouri's housing market shows a distinct affordability advantage, with median home values reaching $85,900 in 2022, significantly below Missouri’s $199,400 and the U.S. average of $179,400. The residential energy tax credits have experienced wild variations, peaking at $2,420.00 per return in 2016, emphasizing the impact of local policies or incentive programs. Real estate... Read more
Median Value of Occupied Housing Units in Shelby County, Missouri Over the Last 8 Years
Shelby County, Missouri’s housing market shows interesting dynamics when compared to both state and national levels. Over the past eight years, the median home values in Shelby have remained substantially lower than those in Missouri and the United States. In 2022, Shelby County reached a median value of $85,900, which is less than half of Missouri's $199,400 and a fraction of the national $179,400. While Shelby showed a notable uptick from 2021 to 2022, suggesting potential growth, it still remains an affordable option for buyers looking for value in a market with room for appreciation.
Residential Energy Tax Credit Per Tax Return in Shelby County, MO Over the Last 8 Years
Shelby County, Missouri has experienced notable fluctuations in residential energy tax credits over the past eight years, with some dramatic peaks and troughs. 2016 saw an astounding spike to $2420.00 per tax return, possibly indicating a significant investment in energy-efficient upgrades that year. However, the following years, particularly 2020, dipped as low as $233.33. These variations could suggest changes in local policy, energy costs, or incentive programs, making it important for investors and homeowners to stay informed about potential savings and incentives when considering energy-efficient improvements.
Average Real Estate Taxes Per Tax Return in Shelby County, MO Over the Last 10 Years
Average real estate taxes per tax return in Shelby County, Missouri have shown a general increase over the last decade, peaking at $2,150.00 in 2019 before dropping slightly in subsequent years to around $1,580.00 by 2021. This upward trend, despite some fluctuations, may suggest increasing property values or adjustments in tax rates, which could be critical for potential investors, real estate agents, and appraisers to consider.
Percentage of Farm Returns in Shelby County, MO Over the Last 10 Years
Shelby County, Missouri has seen a subtle but notable decline in the percentage of farm tax returns over the last decade, decreasing from around 19.65% in 2012 to approximately 17.70% by 2021. Farm tax returns are an important measure as they reflect the financial health and presence of the agricultural sector within the community. For potential investors, developers, or anyone considering a move to the area, these trends might suggest shifts in land use or economic focus, which could impact property values and local economic conditions. Understanding this trend is helpful for grasping the broader economic landscape of Shelby County.
Number of Mortgages by Occupancy Type in Shelby County, MO Over the Last 5 Years in Shelby County
Shelby County, Missouri has seen fluctuating mortgage counts over the last five years, with principal residences consistently dominating the market, peaking at 98 mortgages in 2021. Investment properties varied more dramatically, reaching a high of 6 mortgages in 2021, while second residences remained relatively stable. These changes in occupancy type might influence local property values and risk assessments, both key data points for investors, appraisers, and insurance agents. The data hints at a stable demand for primary residences, suggesting a potentially reliable market for those looking to build or sell property. Shifts in investment property activities could also be a flag for changing economic conditions or attractiveness of the rental market.
Economic Outlook
Shelby County, Missouri, has experienced a gradual yet notable increase in average taxable income per tax return over the last nine years, moving from about $40,811.38 in 2013 to $55,160.50 by 2021. Simultaneously, average state and local income taxes per tax return have risen from around $4,427.27 in 2012 to roughly $7,060.00 in 2021, with significant jumps observed between 2018 and 2019. This period has also seen an increase in average total tax liability, going from $5,124.87 in 2012 to... Read more
Average Taxable Income per Tax Return in Shelby County, MO over the last 9 years
Shelby County, Missouri has seen a gradual yet notable increase in average taxable income per tax return over the past nine years. Starting at approximately $40,811.38 in 2013, the figure rose steadily, hitting $55,160.50 by 2021. The most significant jumps were observed between 2018 and 2021, suggesting growing economic opportunities or higher income levels in the region. This upward trend could indicate a thriving local economy, attracting potential investors, property developers, and real estate agents looking for promising growth areas.
Average State and Local Income Taxes Per Tax Return in Shelby County, MO Over the Last 10 Years
Over the past decade, Shelby County, Missouri has seen a notable increase in average state and local income taxes per tax return. Starting at approximately $4,427.27 in 2012, taxes have steadily risen to about $7,060.00 by 2021. Particularly significant jumps occurred between 2018 and 2019, suggesting changes in either income levels or tax policy during that period. For potential investors or those considering a move, understanding these increasing tax burdens may be crucial for financial planning and long-term investments. This trend could also impact property values and the broader economic landscape of the county.
Average Total Tax Liability Per Tax Return in Shelby County, MO Over the Last 10 Years
Shelby County, Missouri has seen a notable increase in average total tax liability per tax return over the past decade, with figures rising from $5,124.87 in 2012 to $8,011.96 in 2021. This upward trend suggests a growing tax base, potentially indicating economic growth or increasing income levels in the area. For real estate agents, developers, and investors, this could mean a more affluent resident base and higher property values. Appraisers and insurance agents might find this data useful for recalibrating property valuations and coverage rates, respectively. Those moving to or living in Shelby County might want to consider the broader economic factors contributing to these changes.
Cost of Living in Shelby County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $913 | $1,299 | $2,501 | $892 | $1,185 |
| 1 adult 4 children | $913 | $1,061 | $1,918 | $892 | $1,245 |
| 2 adults 3 children | $913 | $1,061 | $2,168 | $892 | $935 |
| 1 adult 3 children | $913 | $866 | $1,584 | $892 | $938 |
| 2 adults 2 children | $746 | $869 | $1,835 | $767 | $805 |
| 1 adult 2 children | $746 | $649 | $1,251 | $767 | $721 |
| 2 adults 1 child | $746 | $687 | $1,501 | $364 | $735 |
| 1 adult 1 child | $746 | $443 | $917 | $364 | $601 |
| 2 adults | $567 | $552 | $1,168 | $0 | $615 |
| 1 adult | $499 | $301 | $584 | $0 | $524 |
Safety trends & Data
Shelby County, Missouri has experienced fluctuating property crime trends over the past five years. While 2018 saw larceny-theft and motor vehicle theft as common issues, 2019 brought a decrease in motor vehicle thefts but a slight uptick in burglaries. Consistency in larceny-theft marked the years 2020 and 2021, with sporadic fraud and forgery incidents. Notably, 2022 saw increased forgery and vandalism, alongside a rise in motor vehicle theft. For those considering property security or... Read more
Property Crime Trends in Shelby County, MO Over the Last 5 Years
Property crime trends in Shelby County, Missouri over the past five years reveal a notable fluctuation in incidents. In 2018, common crimes included larceny-theft and motor vehicle theft, with modest cases of forgery, fraud, and vandalism. By 2019, a decrease in motor vehicle thefts and slight uptick in burglary was observed. Consistency in larceny-theft cases marked 2020 and 2021, with occasional fraud and forgery. Notably, 2022 experienced increased forgery and vandalism alongside a rise in motor vehicle theft. These trends are important for anyone looking at property security or investment opportunities, indicating somewhat volatile yet manageable property crime rates.
Demographics
Shelby County, Missouri's adult population shows a slight female majority. Educational attainment levels reveal a dominant high school graduate segment, with a notable proportion having attended some college without earning a degree. The age distribution emphasizes a significant population in middle age and older categories, suggesting potential challenges in workforce renewal. The overwhelming racial homogeneity, primarily White, points to limited racial diversity in the... Read more
Race Distribution in Shelby County, Missouri (2022)
Educational Attainment in Shelby County, Missouri (2022)
Age Distribution in Shelby County, Missouri
Citizen Population in Shelby County, Missouri (2022)
Political Trends & Data
Shelby County, Missouri, leans solidly Republican, with the party capturing roughly 81% of the vote in the 2020 U.S. Presidential Election—potentially shaping local policies and community values in a conservative direction. Democrats trailed significantly with nearly 18%, reflecting a predominantly conservative electorate. Minor parties like Libertarian and Green saw minimal support, indicating limited political diversity. These trends align with broader rural voting patterns common in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Shelby County, Missouri, appears to lean heavily Republican, with the party capturing approximately 81% of the vote in the 2020 U.S. Presidential Election. Democrats trailed significantly, garnering nearly 18%, which suggests the area is predominantly conservative, potentially influencing local policies and community values. Libertarian and Green parties, along with other minor parties, received minimal support, indicating limited political diversity in voter preferences. These trends might highlight the county's alignment with broader rural voting patterns often observed across the state.
80.60% of voters voted for the Republican party in the 2020 Presidential Election
17.67% of voters voted for the Democrat party in the 2020 Presidential Election
1.37% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
0.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Shelby County, Missouri, the student-to-teacher ratio has steadily decreased from about thirteen students per teacher in 2014 to around eleven in 2023, outperforming the national average of fifteen. This trend could imply a community focus on education, which might make the area more appealing to families. For real estate investors and agents, this could be a favorable indicator for property values. Builders and current residents may also see this as a positive sign that underscores the... Read more
Student-to-teacher ratio in Shelby County, Missouri over the last 10 years
The student-to-teacher ratio in Shelby County, Missouri, has steadily decreased over the past decade, dropping from approximately thirteen students per teacher in 2014 to around eleven in 2023. This consistent reduction is notable, especially when compared to the national average of fifteen students per teacher. For investors, lower student-to-teacher ratios may imply a community that prioritizes education, potentially making the area more attractive to families. Real estate agents and appraisers could see this as a positive point for property values, while insurance agents might consider it a factor in lower risk projections. Builders may also find this a compelling argument for developing family-oriented properties, and current residents can view this trend as indicative of a quality education system.
