Albany County Real Estate and Livability Trends
In Albany County, Wyoming, median home values have surged from $216,100 in 2015 to $291,500 in 2022, outpacing both state and national averages, which could be an indicator of a thriving local real estate market. Additionally, the average residential energy tax credit per tax return peaked at $1,289.47 in 2021, suggesting an increased investment in energy-efficient home improvements. Over the... Read more
Albany County Market Trends
Albany County, Wyoming, has seen its median home values surge from $216,100 in 2015 to $291,500 in 2022, outpacing both state and national averages. The average residential energy tax credit per tax return has also risen significantly, peaking at $1,289.47 in 2021, hinting at growing investments in energy-efficient home improvements. Over the past decade, real estate taxes per tax return have... Read more
Median Value of Occupied Housing Units in Albany County, Wyoming Over the Last 8 Years
Albany County, Wyoming, has seen a significant rise in median home values over the last eight years, climbing from $216,100 in 2015 to $291,500 in 2022. This local trend generally outpaces state and national averages; in Wyoming, the median value increased from $194,800 to $269,900, while nationally, values went from $125,500 to $179,400. Such a robust growth rate could suggest strong investment potential for property buyers and developers in Albany County.
Residential Energy Tax Credit Per Tax Return in Albany County, WY Over the Last 8 Years
Over the last eight years in Albany County, Wyoming, there's been a notable increase in the average residential energy tax credit claimed per tax return, especially since 2019. This surge, peaking at an average of $1,289.47 in 2021, could suggest heightened investment in energy-efficient home improvements. This trend might be key for investors, real estate agents, and builders focusing on energy-efficient properties, as well as insurance agents factoring in the enhanced quality and longevity of such homes.
Average Real Estate Taxes Per Tax Return in Albany County, WY Over the Last 10 Years
Over the last decade, Albany County, Wyoming has seen a notable increase in average real estate taxes per tax return, climbing from approximately $2,078.14 in 2012 to around $4,037.50 in 2021. This upward trend suggests escalating property valuations or potential shifts in tax rates, which could impact investment attractiveness and cost considerations for prospective homeowners. For real estate agents, appraisers, or anyone planning to move to the area, understanding this trajectory is crucial for financial planning and investment strategy.
Percentage of Farm Returns in Albany County, WY Over the Last 10 Years
Albany County, Wyoming has seen modest fluctuations in the percentage of farm tax returns over the last decade, hovering between 1.50% and 1.76%. Farm tax returns represent the portion of tax filings reported by individuals or entities engaged in agricultural activities, which can serve as an informal gauge of the sector's relative economic presence. Notably, there seems to be a slight dip in the past three years, possibly signaling some shifts in local agricultural dynamics. For potential investors, movers, or property developers, these trends could imply subtle changes in agricultural land use and profitability, possibly affecting land values and community focus.
Number of Mortgages by Occupancy Type in Albany County, WY Over the Last 5 Years in Albany County
Albany County, Wyoming has seen a consistent trend in mortgage distribution over the past five years, with principal residences making up the majority of mortgages, fluctuating from 1026 in 2018 to a peak of 2054 in 2021. Investment properties and second residences have typically represented a smaller but notable share. This matters because changes in occupancy type mortgage counts could signal shifts in the local market dynamics, impacting everything from property values to rental market conditions. For investors, increased principal residency mortgages could indicate a robust market for long-term investments, while a rise in investment property mortgages might suggest growing rental opportunities. Identifying occupancy trends can help appraisers, insurance agents, and real estate professionals anticipate future market conditions, ensuring they provide accurate valuations and advice based on current and projected real estate dynamics.
Economic Outlook
In Albany County, Wyoming, there's been a notable rise in average taxable income per tax return over the past nine years, from $52,501.67 in 2013 to $75,279.52 in 2021. This income growth could signal a more robust local economy, appealing to investors and real estate professionals. Concurrently, average state and local income taxes have also surged, especially between 2018 and 2021, reaching $9,484.62 in 2021. Such changes may influence investment strategies and property development plans.... Read more
Average Taxable Income per Tax Return in Albany County, WY over the last 9 years
In Albany County, Wyoming, there has been a discernible upward trend in average taxable income per tax return over the last nine years. After a modest rise from $52,501.67 in 2013 to $63,109.37 in 2018, the county saw more significant increases, reaching $75,279.52 in 2021. This growth could indicate a strengthening local economy, making it an appealing location for investors, real estate agents, builders, and those considering moving to the area. Such a trend might also impact property appraisals and insurance rates, reflecting higher income levels and possibly changes in property values.
Average State and Local Income Taxes Per Tax Return in Albany County, WY Over the Last 10 Years
Over the last decade, Albany County, Wyoming has seen a fluctuation in average state and local income taxes per tax return, rising notably in recent years. Starting at $5,212.90 in 2012, the average tax amount reached $9,484.62 by 2021. Particularly significant jumps occurred in 2018 and 2021, indicating possible legislative changes or shifts in local economic conditions. This trend could impact decisions for new residents, investors, and property developers who need to anticipate varying tax liabilities in their financial planning.
Average Total Tax Liability Per Tax Return in Albany County, WY Over the Last 10 Years
Over the last decade, Albany County, Wyoming has seen a general upward trend in average total tax liability per tax return. The tax liability rose from around $8,529.73 in 2012 to approximately $12,337.71 in 2021, with noticeable spikes in 2019 and 2021. These increases could be indicative of rising incomes or property values in the area, making it significant for investors, real estate agents, and insurance companies to monitor these financial changes.
Cost of Living in Albany County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,235 | $1,540 | $2,879 | $1,490 | $1,283 |
| 1 adult 4 children | $1,235 | $1,258 | $2,228 | $1,490 | $1,342 |
| 2 adults 3 children | $1,235 | $1,258 | $2,485 | $1,490 | $1,004 |
| 1 adult 3 children | $1,235 | $1,027 | $1,834 | $1,490 | $1,070 |
| 2 adults 2 children | $869 | $1,030 | $2,091 | $1,295 | $786 |
| 1 adult 2 children | $869 | $769 | $1,440 | $1,295 | $727 |
| 2 adults 1 child | $869 | $814 | $1,698 | $661 | $711 |
| 1 adult 1 child | $869 | $526 | $1,046 | $661 | $560 |
| 2 adults | $722 | $654 | $1,304 | $0 | $596 |
| 1 adult | $632 | $357 | $652 | $0 | $454 |
Safety trends & Data
Property crime trends in Albany County, Wyoming, reveal fluctuating rates over the past five years, with larceny-theft peaking at 85.0 incidents in 2021 before falling to 71.0 in 2022. Burglary incidents doubled from 8.0 in 2018 to 16.0 in 2022, while vandalism saw a high of 50.0 incidents in 2019 but decreased to 31.0 in 2022. Motor vehicle thefts and fraud cases, although minor, had subtle peaks, pointing to the cyclical nature of property crimes in the area. This fluctuating data is crucial... Read more
Property Crime Trends in Albany County, WY Over the Last 5 Years
In Albany County, Wyoming, the last five years saw fluctuating property crime rates, with larceny-theft consistently the most frequent at a peak of 85.0 incidents in 2021 but down to 71.0 in 2022. Burglary incidents have notably risen from 8.0 in 2018 to 16.0 in 2022. Vandalism incidents hit a high in 2019 with 50.0, but there was a decrease to 31.0 in 2022. Motor vehicle thefts and fraud cases have remained relatively low but exhibited minor peaks, underscoring the cyclical nature of certain property crimes in the county. This data is key for investors, residents, and professionals evaluating security measures and economic conditions in Albany County.
Demographics
Albany County, Wyoming's demographic landscape reveals a diverse age distribution with a noticeable concentration of residents aged 20 to 34 years, potentially influenced by the presence of higher education institutions. A higher proportion of males compared to females might impact community dynamics and resource distribution. The county exhibits a strong educational attainment with a significant portion holding bachelor's and graduate degrees, which could correlate with local economic... Read more
Race Distribution in Albany County, Wyoming (2022)
Educational Attainment in Albany County, Wyoming (2022)
Age Distribution in Albany County, Wyoming
Citizen Population in Albany County, Wyoming (2022)
Political Trends & Data
Albany County, Wyoming saw a tightly contested political atmosphere in the 2020 U.S. Presidential Election, with Democrats seemingly having a small advantage over Republicans. The Libertarian vote also held a minor yet interesting presence, hinting at a competitive and potentially shifting political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Albany County, Wyoming exhibited a near-even split between major political parties in the 2020 U.S. Presidential Election, with Democrats likely holding a slight edge over Republicans. The Libertarian vote constituted a small but notable fraction, while other parties, including the Green Party, barely made a mark. These trends could suggest a competitive political landscape in Albany County.
45.77% of voters voted for the Republican party in the 2020 Presidential Election
48.51% of voters voted for the Democrat party in the 2020 Presidential Election
3.17% of voters voted for the Livertarian party in the 2020 Presidential Election
2.55% of voters voted for the Other party in the 2020 Presidential Election
School Data
Albany County, Wyoming, boasts a student-to-teacher ratio under ten for the past decade, well below the national average of fourteen. This low ratio implies personalized attention for students, which might attract families and contribute to stable property values. The high-level educational environment could influence community growth, making the area appealing for real estate and related... Read more
Student-to-teacher ratio in Albany County, Wyoming over the last 10 years
Albany County, Wyoming, has consistently maintained a low student-to-teacher ratio over the past decade, never exceeding ten students per teacher and remaining well below the national average of fourteen. This relatively low ratio, ranging from eight to nearly ten, could be an attractive factor for families considering relocating to the area, as it often indicates the possibility of more personalized attention for students in classrooms. For real estate agents, investors, and appraisers, this trend might suggest a stable and desirable education environment, potentially boosting property values and demand. Insurance agents and those involved in building property might also consider this a favorable condition, as well-supported educational systems can influence community growth and stability.
