Kane County Real Estate and Livability Trends
Kane County, Utah has seen a significant rise in average taxable income, hinting at a maturing local economy likely to boost demand for upscale properties. The median home values surged to $297,500 in 2022 from $175,300 in 2015, outpacing national and state trends and indicating a booming real estate market. Meanwhile, the student-to-teacher ratio’s climb to nearly 32:1 in 2022 suggests... Read more
Kane County Market Trends
Kane County, Utah has seen median home values jump to $297,500 in 2022 from $175,300 in 2015, a growth rate that beats both national and state trends. Residential energy tax credits have fluctuated significantly, peaking at $2,150.00 in 2020, suggesting advantageous conditions for energy-efficient investments. Real estate taxes have consistently increased, reaching around $2,945.45 per tax return... Read more
Median Value of Occupied Housing Units in Kane County, Utah Over the Last 8 Years
Kane County, Utah has experienced a significant increase in median home values over the past eight years, reaching $297,500 in 2022, up from $175,300 in 2015. This growth rate outpaces both national and state trends, where the national median home value in 2022 was $179,400 and Utah's state median was $408,500. Those considering investment or relocation to Kane County might find it an intriguing option due to its rapid property value appreciation.
Residential Energy Tax Credit Per Tax Return in Kane County, UT Over the Last 8 Years
Kane County, Utah has seen significant fluctuations in residential energy tax credits over the past eight years, with notable peaks and troughs. Starting from an average of $266.67 per tax return in 2013, there was a sharp increase to $600.00 in 2014, and a peak at $2,150.00 in 2020. This variability could suggest a flexible but promising environment for those interested in energy efficiency investments or renewable energy initiatives. For real estate agents, appraisers, insurance agents, and potential homebuyers, the rising trend in tax credits, especially the substantial increase in recent years, may indicate greater incentives for energy-efficient home improvements, making the area potentially more attractive for sustainable living.
Average Real Estate Taxes Per Tax Return in Kane County, UT Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Kane County, Utah have shown a notable upward trend, with figures increasing from approximately $1,829.27 in 2012 to around $2,945.45 in 2021. The most significant jumps occurred between 2017 and 2018, and again in 2021. This upward trend may be attributed to various factors, including rising property values, changes in tax rates, and possibly increased public spending. For potential investors, homeowners, and real estate professionals, this data suggests a growing financial commitment in owning property within this county. Keeping an eye on these tax trends is crucial for long-term financial planning and investment strategies.
Percentage of Farm Returns in Kane County, UT Over the Last 10 Years
Farm tax returns in Kane County, Utah have fluctuated over the last decade but generally exhibit a slight decline in more recent years. After peaking at around 4.19% in 2016, there has been a noticeable decrease, settling to approximately 2.70% by 2021. Farm tax returns reflect the percentage of filed tax returns that include income from farming, indicating the economic activity and viability of agriculture in the area. For potential investors, developers, or families thinking about moving to Kane County, this trend may raise questions about the stability and growth of the local agricultural sector. Lower percentages might suggest challenges in farm profitability or a shift towards other forms of income and development in the county.
Number of Mortgages by Occupancy Type in Kane County, UT Over the Last 5 Years in Kane County
Over the last five years in Kane County, Utah, mortgage counts for investment properties have shown a moderate increase, culminating at 109 in 2021. Principal residences consistently lead the count, peaking at 877 in 2020 but declining to 659 by 2022. Second residences mirrored this trend, peaking at 428 in both 2020 and 2021, before dropping to 224 in 2022. These changes in occupancy types have several implications. For investors, a rising trend in investment property mortgages suggests a developing market. Prospective homeowners might find the fluctuating numbers of principal residences indicative of changing demand, while appraisers and insurance agents must consider these shifts when assessing property values and risks. Builders and real estate agents can use these insights to tailor their strategies to the growing or waning demand for different property types. Overall, understanding the nuances in mortgage trends can help stakeholders make informed decisions in an evolving real estate landscape.
Economic Outlook
Kane County, Utah has shown a noteworthy rise in average taxable income, jumping from $41,470.57 in 2013 to $72,782.35 by 2021. This trend hints at a maturing economy with potentially more lucrative investment opportunities, likely elevating demand for upscale residential and commercial properties. The region’s state and local income taxes per return have also more than doubled, paralleling economic shifts post-2017 and reinforcing the likelihood of rising incomes. Additionally, the average... Read more
Average Taxable Income per Tax Return in Kane County, UT over the last 9 years
Kane County, Utah has experienced significant growth in average taxable income over the past nine years, with a notable increase from $41,470.57 in 2013 to $72,782.35 in 2021. This upward trend could suggest a growing economy and potentially more lucrative opportunities for investment. For real estate agents and property developers, these insights might indicate a favorable market for higher-end properties and a possibly rising demand for both residential and commercial spaces. Additionally, appraisers and insurance agents might observe the trend as an indicator of increasing property values and associated risks.
Average State and Local Income Taxes Per Tax Return in Kane County, UT Over the Last 10 Years
Kane County, Utah has experienced a clear upward trend in state and local income taxes per tax return over the last decade, starting around $3,940.85 in 2012 and more than doubling to approximately $9,151.61 by 2021. This could potentially indicate rising incomes or shifts in tax policy, posing relevant considerations for investors, those planning to move, real estate agents, and insurance providers. The most notable hike occurred post-2017, coinciding with broader economic trends and changes in tax legislation, which may impact long-term financial planning and property valuations in the area.
Average Total Tax Liability Per Tax Return in Kane County, UT Over the Last 10 Years
Over the last decade, Kane County, Utah has seen a significant rise in average total tax liability per tax return. Starting at $5,200.00 in 2012, it has consistently increased, reaching a peak of $10,777.74 in 2021. This trend likely indicates either growing incomes or increased tax rates, attracting attention from real estate investors and insurance agents. Understanding these tax dynamics would be crucial for anyone considering real estate endeavors, moving to the area, or evaluating property values and insurance needs.
Cost of Living in Kane County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,322 | $1,395 | $2,063 | $1,467 | $1,537 |
| 1 adult 4 children | $1,322 | $1,140 | $1,574 | $1,467 | $1,662 |
| 2 adults 3 children | $1,322 | $1,140 | $1,792 | $1,467 | $1,287 |
| 1 adult 3 children | $1,322 | $931 | $1,303 | $1,467 | $1,407 |
| 2 adults 2 children | $1,023 | $933 | $1,521 | $1,270 | $1,043 |
| 1 adult 2 children | $1,023 | $697 | $1,032 | $1,270 | $1,054 |
| 2 adults 1 child | $1,023 | $738 | $1,250 | $632 | $917 |
| 1 adult 1 child | $1,023 | $476 | $761 | $632 | $772 |
| 2 adults | $777 | $593 | $979 | $0 | $692 |
| 1 adult | $684 | $323 | $489 | $0 | $606 |
Safety trends & Data
Kane County, Utah’s property crime data reveals a fluctuating trend over the past five years, especially with larceny-theft peaking at 24 incidents in 2021, while burglary and motor vehicle theft remain low but consistent. This mixed crime landscape hints at a generally secure environment for investors and residents, although staying cautious is still recommended for property owners and real estate... Read more
Property Crime Trends in Kane County, UT Over the Last 5 Years
Kane County, Utah has experienced fluctuations in property crime over the last five years, with a notable increase in larceny-theft incidents, which peaked at 24 in 2021. Other crimes such as burglary and motor vehicle theft remain relatively low but persistent. The diverse, yet modest, crime landscape suggests a relatively secure area for investors and residents, though ongoing vigilance is advisable for property owners and real estate agents.
Demographics
Kane County, Utah's adult population in 2022 is relatively evenly split between males (2914) and females (3070). Educational attainment shows a substantial portion of adults with at least a high school diploma, as well as a significant number having some college education or higher. Age distribution indicates a noticeable number of older adults, especially those aged 55 to 74, compared to younger age groups. The race distribution highlights a predominantly White population, with other racial... Read more
Race Distribution in Kane County, Utah (2022)
Educational Attainment in Kane County, Utah (2022)
Age Distribution in Kane County, Utah
Citizen Population in Kane County, Utah (2022)
Political Trends & Data
In Kane County, Utah, the 2020 U.S. Presidential Election results suggest a strong Republican leaning, with about 72% of the votes going to the Republican candidate compared to approximately 26% for the Democratic candidate. Minimal support for other parties, barely reaching a combined total of 2%, could indicate limited political diversity and a potential focus on conservative values within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Kane County, Utah, voting patterns from the 2020 U.S. Presidential Election might suggest a strong Republican leaning, as approximately 72% of the votes went to the Republican candidate. In contrast, the Democratic candidate received about 26% of the vote, indicating a significant partisan divide. Other parties, including Libertarian and Green, garnered minimal support, barely reaching a combined total of 2%. This trend could imply limited political diversity in local preferences and a potential focus on conservative values within the electorate.
71.72% of voters voted for the Republican party in the 2020 Presidential Election
25.91% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.96% of voters voted for the Other party in the 2020 Presidential Election
School Data
Kane County, Utah's student-to-teacher ratio has jumped from about 20:1 in 2014 to nearly 32:1 in 2022, with a slight drop to around 32 in 2023. This significant rise potentially impacts educational quality and available resources, a big factor for families considering a move. For investors and developers, these trends suggest both opportunities and challenges in addressing the needs of a growing population. Real estate agents and appraisers may also need to weigh how these educational shifts... Read more
Student-to-teacher ratio in Kane County, Utah over the last 6 years
Kane County, Utah has seen a notable increase in its student-to-teacher ratio over the past six years, rising from about 20 students per teacher in 2014 to nearly 32 in 2022, slightly dropping to around 32 again in 2023. This growing ratio could impact educational quality and available resources, which can be a significant consideration for families deciding to move to the area. For investors and developers, these trends may indicate both opportunities and challenges in meeting the needs of a growing population. In contrast, real estate agents and appraisers might need to consider how these educational dynamics influence property values and community attractiveness, especially since the national average stands at 14 students per teacher. Insurance agents might see changes in policy risks related to demographic shifts, and those interested in the area should be aware of how changing occupancy types reflect broader socio-economic trends.
