Wright County Real Estate and Livability Trends
Wright County, Missouri has seen median home values rise from $88,200 in 2015 to $141,600 in 2022, suggesting promising investment opportunities since values remain below both the state and national medians. Residential energy tax credits peaking in 2016 and 2021 hint at periodic boosts in energy-efficient home improvements. Meanwhile, real estate taxes jumped from $950.68 in 2012 to $2,250.00 in... Read more
Wright County Market Trends
Wright County, Missouri has seen its median home values rise from $88,200 in 2015 to $141,600 in 2022, suggesting promising opportunities given it's still below Missouri’s median of $199,400 and the national average of $179,400 for 2022. Residential energy tax credits per tax return peaked in 2016 and 2021 at around $1,420.00 and $1,442.86, possibly indicating periodic boosts in... Read more
Median Value of Occupied Housing Units in Wright County, Missouri Over the Last 8 Years
Wright County, Missouri has experienced a significant shift in median home values over the past eight years, rising from $88,200 in 2015 to $141,600 in 2022. Although still below Missouri's median of $199,400 and the national average of $179,400 for 2022, this growth suggests a potentially lucrative market for investors. For those looking to relocate, the relatively lower home prices might offer a more affordable entry point compared to statewide and national levels. Construction projects in Wright County could benefit from these trends, tapping into a growing demand for housing as the imbalance between local, state, and national values continues to evolve.
Residential Energy Tax Credit Per Tax Return in Wright County, MO Over the Last 7 Years
In Wright County, Missouri, the average residential energy tax credit per tax return has shown considerable fluctuation over the last seven years. Notable peaks occur in 2016 and 2021, where the average credits reached approximately $1,420.00 and $1,442.86, respectively. These spikes suggest periodic increases in energy-efficient investments or upgrades by homeowners. For those interested in investing in property or real estate in Wright County, these trends could signal a community that occasionally heavily invests in energy-saving improvements, potentially enhancing property value and attractiveness.
Average Real Estate Taxes Per Tax Return in Wright County, MO Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Wright County, Missouri, have fluctuated but showed a notable upward trend. Starting at approximately $950.68 in 2012, there were modest increases until a sharp rise hitting $2,250.00 in 2020, followed by a slight decrease to $2,000.00 in 2021. This upward trajectory may suggest rising property values and could impact investment potential, property appraisals, and homeowners' future financial planning. Real estate professionals and potential buyers might want to consider how these increasing costs could affect overall affordability and long-term returns.
Percentage of Farm Returns in Wright County, MO Over the Last 10 Years
Over the last decade, Wright County, Missouri has seen a gradual decline in the percentage of farm tax returns. Starting at 18.66% in 2012, it reached 16.63% by 2021. Farm tax returns refer to the income declarations filed by agricultural businesses, giving insight into the economic health and activity of farming in the region. This trend might suggest decreasing farm profitability or a shift away from agricultural ventures, which could be crucial for those considering investments or relocations. Understanding this could help in assessing the viability of agricultural investments or predicting future land use patterns.
Number of Mortgages by Occupancy Type in Wright County, MO Over the Last 5 Years in Wright County
Over the past five years in Wright County, Missouri, the volume of new mortgages for principal residences shows a steady increase, suggesting a trend towards more people looking to settle in the area as their primary home. This growth in principal residence mortgages is accompanied by modest but noticeable fluctuations in investment and second residence mortgages. For real estate agents and investors, these patterns could indicate a robust primary housing market with potential for rental property investments, although the market for second homes appears relatively static. Appraisers and insurance agents might also find these dynamics significant, as varying occupancy types influence property valuations and insurance requirements. Builders and those looking to move into the county should consider the implications of these trends on housing availability and community development.
Economic Outlook
Wright County, Missouri has experienced a notable rise in the average taxable income per tax return, climbing from $31,699.71 in 2013 to $50,082.20 in 2021, suggesting potential economic growth and improved local prosperity. State and local income taxes have also surged, peaking in 2021 at $11,869.23, which might indicate shifts in economic conditions or local tax policies. Simultaneously, the average total tax liability per tax return saw a significant increase, particularly jumping to... Read more
Average Taxable Income per Tax Return in Wright County, MO over the last 9 years
The average taxable income per tax return in Wright County, Missouri has shown a significant upward trend over the past nine years, especially accelerating in recent years. Starting at $31,699.71 in 2013 and rising steadily, it reached a peak of $50,082.20 in 2021. This upward trajectory may suggest economic growth and improved prosperity in the area, which could be a positive indicator for potential investors, developers, real estate agents, and residents. Notably, the sharp rise in the latest years could highlight recent economic factors or local developments bolstering incomes.
Average State and Local Income Taxes Per Tax Return in Wright County, MO Over the Last 10 Years
Over the past decade, Wright County, Missouri has seen a notable increase in average state and local income taxes per tax return, peaking significantly in 2021 at $11,869.23. This spike, particularly pronounced after 2018, could suggest changes in local economic conditions or tax policies impacting residents. Prospective investors or new residents might find this trend reflective of a shifting fiscal landscape, potentially affecting financial planning. The marked jump between 2017 and 2018, from $4,375.34 to $7,423.08, underscores the importance of understanding localized tax implications for future financial commitments in the area.
Average Total Tax Liability Per Tax Return in Wright County, MO Over the Last 10 Years
Over the past decade, Wright County, Missouri has seen a notable fluctuation in average total tax liability per tax return. Starting at approximately $4,319.95 in 2012, the liability remained relatively stable, with modest increases and slight dips, until a significant jump to $5,160.00 in 2020. The most striking surge occurred in 2021, when the average tax liability spiked to $7,643.25. This trend could indicate changes in income levels, economic conditions, or tax policies, making Wright County an area worthy of attention for investors, real estate agents, and those considering moving there.
Cost of Living in Wright County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $997 | $1,303 | $2,112 | $936 | $1,072 |
| 1 adult 4 children | $997 | $1,064 | $1,616 | $936 | $1,149 |
| 2 adults 3 children | $997 | $1,064 | $1,831 | $936 | $856 |
| 1 adult 3 children | $997 | $869 | $1,336 | $936 | $862 |
| 2 adults 2 children | $746 | $871 | $1,551 | $812 | $717 |
| 1 adult 2 children | $746 | $651 | $1,056 | $812 | $636 |
| 2 adults 1 child | $746 | $689 | $1,271 | $408 | $661 |
| 1 adult 1 child | $746 | $445 | $775 | $408 | $550 |
| 2 adults | $567 | $553 | $990 | $0 | $547 |
| 1 adult | $549 | $302 | $495 | $0 | $497 |
Safety trends & Data
Wright County, Missouri has experienced a fluctuating property crime landscape over the past five years. Larceny-theft incidents have notably declined from 58 in 2018 to 23 in 2022, and burglary cases dropped from 22 to 6 in the same period. Despite a spike in motor vehicle theft in 2020 with 15 cases, numbers have since stabilized. These crime trends could impact the perceptions of safety and investment potential for real estate investors, agents, and residents looking to evaluate the... Read more
Property Crime Trends in Wright County, MO Over the Last 5 Years
Wright County, Missouri has seen a fluctuating pattern in property crime over the last five years, with notable peaks and drops in various crime categories. Larceny-theft occurrences, while still highest among property crimes, have generally decreased from 58 in 2018 to 23 in 2022. Burglary also saw a significant reduction, dropping from 22 in 2018 to 6 in 2022. However, motor vehicle theft spiked in 2020 with 15 incidents before stabilizing at lower numbers in 2021 and 2022. The variation in these trends may influence prospective investors, real estate agents, and residents who are evaluating both the safety and investment potential of the area.
Demographics
Wright County, Missouri, exhibits a nearly balanced gender distribution with slightly more females than males. The educational attainment levels suggest a strong emphasis on high school graduates, though a significant number of residents have completed some college without a degree. The age distribution appears weighted towards older adults, particularly those aged 55 to 64 years, which could impact local healthcare and social services. A vast majority of the population identifies as White,... Read more
Race Distribution in Wright County, Missouri (2022)
Educational Attainment in Wright County, Missouri (2022)
Age Distribution in Wright County, Missouri
Citizen Population in Wright County, Missouri (2022)
Political Trends & Data
Wright County, Missouri, leans heavily Republican, with approximately 85% of the vote going to the GOP in the last presidential election. Democrats only captured around 13%, and minor parties like the Libertarians and Green party barely hit 1%. This strong conservative bent suggests broader regional political attitudes and policy preferences that could influence local governance and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wright County, Missouri, shows a marked preference for the Republican party, with approximately 85% of the vote, while Democrats garnered around 13%. Minor parties such as the Libertarians and the Green party received negligible support, barely crossing the one percent threshold. This overwhelming tilt towards conservative values might hint at the region's broader political attitudes and policy preferences.
85.28% of voters voted for the Republican party in the 2020 Presidential Election
13.37% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% 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
Wright County, Missouri has consistently boasted a student-to-teacher ratio lower than the national average of 14. With a ratio generally around 11 and peaking at about 13 in 2022, this trend implies smaller class sizes, which could attract families seeking more individualized attention for their children. Investors and real estate agents might view this as a key selling point, while developers might see potential growth in family housing demand. Additionally, insurance agents and appraisers... Read more
Student-to-teacher ratio in Wright County, Missouri over the last 10 years
Wright County, Missouri has consistently maintained a lower student-to-teacher ratio than the national average of 14 students per teacher over the last decade. The ratio fluctuated slightly, peaking at about 13 students per teacher in 2022 but generally remained around 11. This relatively low ratio could imply smaller class sizes, which might attract families seeking more individualized attention for their children. Investors and real estate agents might see this as a key selling point, while those building properties could consider the potential for growth in family housing demand. Meanwhile, insurance agents and appraisers could contemplate the stability potentially brought by a community-oriented educational system.
