Wayne County Real Estate and Livability Trends
Wayne County, Missouri's median home values have climbed from $70,000 in 2015 to $110,000 by 2022, reflecting strong demand despite remaining under state and national averages. Rising residential energy tax credits suggest a growing local interest in eco-friendly technologies. Additionally, real estate taxes have grown from $1009.52 in 2012 to $1733.33 in 2021, hinting at increasing property... Read more
Wayne County Market Trends
Wayne County, Missouri's median home values have surged from $70,000 in 2015 to $110,000 in 2022, showcasing strong demand and investor appeal despite remaining below the state and national averages. The residential energy tax credits have jumped from $200.00 in 2013 to $500.00 in recent years, hinting at increased investment in energy-efficient technologies. A notable rise in real estate taxes,... Read more
Median Value of Occupied Housing Units in Wayne County, Missouri Over the Last 8 Years
Wayne County, Missouri's median home values have experienced significant growth over the past eight years, nearly doubling from $70,000 in 2015 to $110,000 in 2022. This trend suggests robust demand in the area, making it an appealing target for investors. Compared to Missouri’s state median, which climbed from $138,400 to $199,400 in the same period, Wayne County's property prices remain more affordable, potentially attracting budget-conscious buyers. On a national level, the U.S. median home value reached $179,400 in 2022, showing that Wayne County properties are priced significantly lower, presenting a potential opportunity for those seeking more reasonably priced homes relative to the broader market.
Residential Energy Tax Credit Per Tax Return in Wayne County, MO Over the Last 6 Years
Wayne County, Missouri has seen notable fluctuations in residential energy tax credits over the past six years. With an initial dip from $200.00 in 2013 to $150.00 in 2014, the value surged to $225.00 in 2015 and reached a remarkable peak at $400.00 the following year. The trend continues upward, hitting $500.00 in both 2020 and 2021. This upward trajectory might suggest increasing investments in energy-efficient technologies, which could offer substantial opportunities for real estate developers and investors.
Average Real Estate Taxes Per Tax Return in Wayne County, MO Over the Last 10 Years
Average real estate taxes per tax return in Wayne County, Missouri have shown a significant upward trend over the past decade, with figures starting at approximately $1009.52 in 2012 and climbing steadily to around $1733.33 by 2021. Between 2018 and 2019, there was a noticeable spike from $1257.14 to $1514.29, highlighting a period of rapid growth in tax obligations. This trend suggests increasing property values or higher local tax rates, which could have various implications for potential investors, real estate agents, appraisers, and current residents considering property developments or transactions in the area.
Percentage of Farm Returns in Wayne County, MO Over the Last 10 Years
Over the last decade in Wayne County, Missouri, the percentage of farm tax returns has hovered around 7.35% to 7.99%, indicating a stable farming presence. Farm tax returns essentially reflect the financial activities of agricultural businesses and can give insights into the local economy's reliance on agriculture. Healthy and consistent farm return percentages might suggest sustained agricultural output, making Wayne County a potentially resilient spot for agriculture-based investments or activities. For prospective investors or residents, this stability could point to a steady rural economy with ongoing farming operations, essential for anyone looking to build, invest, or engage with the regional agricultural market.
Number of Mortgages by Occupancy Type in Wayne County, MO Over the Last 5 Years in Wayne County
Wayne County, Missouri has seen a clear rise in the number of mortgages for principal residences over the past five years, peaking in 2021 with 427 counts. Investment properties and second residences show more volatility, with a notable dip in investment property mortgages from 29 in 2018 and 2019 to 17 in 2021, before slightly increasing to 38 in 2022. These occupancy trends can significantly impact various stakeholders. For potential investors, the steady growth in principal residence mortgages suggests a strong, stable demand for owner-occupied housing, which may signal a robust local economy and attractive living conditions. Appraisers and real estate agents could find this data useful to assess market dynamics and property values more accurately, whereas insurance agents might see a shift in risk profiles and policy demand corresponding to these occupancy shifts.
Economic Outlook
Wayne County, Missouri, has experienced a steady increase in average taxable income per tax return, climbing from $31,462.90 in 2013 to $42,307.26 by 2021, suggestive of a promising economic environment. The county's tax landscape has fluctuated, with state and local income taxes peaking at $7,000.00 in 2018 and dipping to $4,966.67 in 2020, settling at $6,400.00 in 2021. Additionally, the average total tax liability per tax return has generally risen, reaching $5,124.63 in 2021. This evolving... Read more
Average Taxable Income per Tax Return in Wayne County, MO over the last 9 years
The average taxable income per tax return in Wayne County, Missouri, has shown a steady increase over the last nine years. Starting from $31,462.90 in 2013, there has been consistent growth, reaching $42,307.26 by 2021. This trend suggests a promising economic environment for potential investors and those looking to build or buy property. Real estate agents may find this upward trend appealing for attracting new buyers, while appraisers and insurance agents might adjust their assessments and premiums to reflect this increased income level.
Average State and Local Income Taxes Per Tax Return in Wayne County, MO Over the Last 10 Years
Over the past decade, Wayne County, Missouri has seen fluctuations in average state and local income taxes per tax return, with a notable peak of $7,000.00 in 2018 followed by a dip to $4,966.67 in 2020. Recent years show an upward trend reaching $6,400.00 in 2021. These variations suggest an evolving tax landscape that could influence financial planning decisions for investors, residents, and property developers in the area.
Average Total Tax Liability Per Tax Return in Wayne County, MO Over the Last 10 Years
Over the last decade in Wayne County, Missouri, the average total tax liability per tax return has shown fluctuation, with a general upward trend from $3,739.32 in 2012 to $5,124.63 in 2021. Noteworthy is the significant rise in 2021, suggesting a possible increase in income or changes in tax policies. Potential investors, real estate agents, and those considering moving to the area may want to factor these trends into their financial planning and decision-making process. This increase might imply growing economic activity in the region, which could be beneficial for property values and investment opportunities.
Cost of Living in Wayne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $978 | $1,255 | $2,576 | $901 | $1,214 |
| 1 adult 4 children | $978 | $1,025 | $1,975 | $901 | $1,277 |
| 2 adults 3 children | $978 | $1,025 | $2,232 | $901 | $960 |
| 1 adult 3 children | $978 | $837 | $1,631 | $901 | $963 |
| 2 adults 2 children | $746 | $839 | $1,888 | $774 | $798 |
| 1 adult 2 children | $746 | $627 | $1,288 | $774 | $705 |
| 2 adults 1 child | $746 | $663 | $1,545 | $364 | $723 |
| 1 adult 1 child | $746 | $428 | $944 | $364 | $583 |
| 2 adults | $568 | $533 | $1,201 | $0 | $600 |
| 1 adult | $549 | $291 | $601 | $0 | $519 |
Safety trends & Data
Wayne County, Missouri has experienced notable shifts in property crime over the past five years, particularly with larceny-theft peaking at 25 incidents in 2019 before dropping sharply to just 5 in 2020. Burglary saw a slight but steady decline, moving from 10 cases in 2018 to 7 in 2022, while motor vehicle theft remained consistently low, peaking at 4 in 2018 and dropping to 1 by 2022. Fraud and forgery cases were minimal but steady, highlighting less prominent financial crime risks. These... Read more
Property Crime Trends in Wayne County, MO Over the Last 5 Years
Wayne County, Missouri has seen notable fluctuations in property crime over the last five years. The highest spike appears in 2019, especially for larceny-theft which hit a high of 25 incidents, contrasting sharply with the subsequent drop to just 5 in 2020. Burglary remained relatively stable but slightly decreased over time, from 10 cases in 2018 to 7 cases in 2022. Motor vehicle theft incidents were consistently low, peaking at 4 in 2018 and falling to just 1 by 2022. Cases of fraud and forgery were minimal throughout, with occasional upticks, indicating less prevalent but steady risks in financial crimes. These shifting dynamics could be crucial for investors, potential residents, and real estate agents assessing the area's security landscape and its impact on property values and desirability.
Demographics
Wayne County, Missouri displays demographic trends that suggest a slightly higher female population compared to males. Educational attainment shows a major proportion having completed high school, but fewer individuals have pursued higher education degrees. Age distribution leans towards older residents, especially those aged 55 to 64 years. The racial composition is predominantly white, with very small percentages of other racial groups. This demographic landscape can influence local policies,... Read more
Race Distribution in Wayne County, Missouri (2022)
Educational Attainment in Wayne County, Missouri (2022)
Age Distribution in Wayne County, Missouri
Citizen Population in Wayne County, Missouri (2022)
Political Trends & Data
Wayne County, Missouri, exhibited a strong Republican preference in the 2020 U.S. Presidential Election, with around 85% of the vote, while Democrats garnered approximately 14%. The dominance of conservative voters may impact local policies and cultural attitudes, shaping the community’s environment and possibly affecting real estate trends and development priorities in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wayne County, Missouri, showed a predominant leaning toward the Republican party in the 2020 U.S. Presidential Election, with around 85% of the vote. Democrats captured approximately 14%, while third-party candidates like the Libertarians barely made a dent, suggesting a heavily polarized political landscape. This could hint at a strong conservative base that might influence local policies and culture.
84.84% of voters voted for the Republican party in the 2020 Presidential Election
14.38% 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
0.07% of voters voted for the Green party in the 2020 Presidential Election
0.10% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wayne County, Missouri boasts a consistently low student-to-teacher ratio, dropping from 13 in 2014 to around 12 in 2023, compared to the national average of 14. This trend might hint at more individualized attention in schools, making the area attractive for families, real estate agents, and appraisers. For investors and developers, strong school performance could signal a higher demand for housing, adding another layer of appeal to this... Read more
Student-to-teacher ratio in Wayne County, Missouri over the last 10 years
Over the past decade, Wayne County, Missouri has seen a consistently low student-to-teacher ratio, starting at 13 in 2014 and reaching around 12 in 2023. Compared to the national average of 14 students per teacher, Wayne County's lower ratio might suggest more individualized attention and potentially better educational outcomes. This trend can be significant for families considering a move to the area, as well as for real estate agents marketing properties and appraisers assessing home values tied to local school quality. Reduced student-to-teacher ratios can also influence investors and developers looking into residential projects, as strong school performance often correlates with higher demand for housing.
