Big Horn County Real Estate and Livability Trends
In Big Horn County, Wyoming, median home values rose from $141,400 in 2015 to $179,800 in 2022, significantly below the state average of $269,900. The area also saw an increase in residential energy tax credits, peaking at $450.00 in 2021, suggesting a growing trend towards energy-efficient home improvements. The surge in principal residence mortgages from 269 in 2018 to 554 in 2021 indicates a... Read more
Big Horn County Market Trends
Big Horn County, Wyoming, has experienced a noteworthy increase in median home values from $141,400 in 2015 to $179,800 in 2022, aligning closely with national trends but remaining more accessible than the state average of $269,900. The area has seen a significant rise in residential energy tax credits, peaking at $450.00 in 2021, indicating growing investments in energy-efficient home... Read more
Median Value of Occupied Housing Units in Big Horn County, Wyoming Over the Last 8 Years
Big Horn County, Wyoming has seen its median home values rise from $141,400 in 2015 to $179,800 in 2022, reflecting an overall upward trend despite minor fluctuations in 2020 and 2021. This growth stands in contrast to Wyoming's state-level median values, which have climbed more steeply from $194,800 in 2015 to $269,900 in 2022. Meanwhile, national median values have also increased, but the latest figures for 2022 show Big Horn County nearly catching up to the U.S. average of $179,400. This could signal growing interest or potential for investment in Big Horn County, where housing appears more accessible compared to the state average yet almost on par with national trends.
Residential Energy Tax Credit Per Tax Return in Big Horn County, WY Over the Last 8 Years
Over the past eight years, Big Horn County, Wyoming has seen notable fluctuations in the average residential energy tax credit per tax return. Credits started at $245.45 in 2013 and experienced a steady rise, reaching a peak at $450.00 in 2021. The increases in credits, especially the jump between 2020 and 2021, hint at a growing investment in energy-efficient home improvements. Such a trend could signify opportunities for real estate investors, developers, and insurance agents to either market more energy-efficient properties or adjust premiums accordingly. For someone interested in moving to the area, this could mean lower long-term utility costs due to improved energy efficiency.
Average Real Estate Taxes Per Tax Return in Big Horn County, WY Over the Last 10 Years
Big Horn County, Wyoming has seen a steady increase in average real estate taxes per tax return over the last decade. Starting at $1,514.08 in 2012, there was a significant bump to $1,755.22 by 2015, gradually climbing to $1,861.54 in 2017. The most notable jump occurred between 2017 and 2018, with taxes spiking to $2,800.00 and then reaching $3,350.00 by 2021. This trend could indicate rising property values or changes in tax policies, relevant to investors, potential residents, and real estate professionals monitoring shifts in property-related expenses.
Percentage of Farm Returns in Big Horn County, WY Over the Last 10 Years
Farm tax returns in Big Horn County, Wyoming have fluctuated slightly over the past decade, hovering around 8% to 9.7%. These returns represent the portion of tax filings specifically from agricultural activities. For anyone looking to invest, move, build property, or simply interested in Big Horn County, it's notable that farming remains a consistent, albeit modest, sector of the local economy. This could imply steady agricultural activities and opportunities within the region, though not substantial growth.
Number of Mortgages by Occupancy Type in Big Horn County, WY Over the Last 5 Years in Big Horn County
Investors, realtors, and developers in Big Horn County, Wyoming, could see significant implications from trends in mortgage counts. Principal residence mortgages surged dramatically from 269 in 2018 to 554 in 2021, pointing to increased demand for primary homes. However, interest in investment properties saw a decline, dropping from 24 in 2018 to just 17 in 2022. The stability in second residence mortgages suggests limited market growth in that segment. These shifts might influence property values, rental market dynamics, and insurance risk assessments. For investors, a declining trend in investment property interest could hint at evolving market opportunities or detours.
Economic Outlook
In Big Horn County, Wyoming, the average taxable income per tax return has generally increased from $47,198.22 in 2013 to $62,985.85 in 2021, suggesting improving economic conditions and possibly higher earning potential for residents. Simultaneously, state and local income taxes have seen wide fluctuations, jumping from $3,162.50 in 2017 to $12,325.00 in 2021, potentially influencing the cost of living and business operations. The average total tax liability per return has also varied, with... Read more
Average Taxable Income per Tax Return in Big Horn County, WY over the last 9 years
For investors and individuals considering Big Horn County, Wyoming, there's been a notable increase in average taxable income per tax return over the past nine years. In 2013, the average taxable income was $47,198.22, and this figure has generally trended upwards, reaching $62,985.85 in 2021. Such growth could suggest improving economic conditions and possibly higher earning potential for businesses and residents alike. This data may appeal to real estate agents and property developers as it could indicate a more affluent buyer market, beneficial for property valuation and investment purposes. Likewise, insurance agents and appraisers might find this trend useful for assessing risk and setting appropriate premiums.
Average State and Local Income Taxes Per Tax Return in Big Horn County, WY Over the Last 10 Years
In Big Horn County, Wyoming, the average state and local income taxes per tax return have seen significant fluctuations over the past decade. Notably, there was a marked increase from $3,162.50 in 2017 to an impressive $12,325.00 in 2021. These changes might interest investors, property builders, and real estate professionals since such tax trends can influence the cost of living and doing business in the area. This variability could also impact decisions for those considering moves to Big Horn County or for insurance agents and appraisers evaluating property values over time.
Average Total Tax Liability Per Tax Return in Big Horn County, WY Over the Last 10 Years
In the past decade, Big Horn County, Wyoming has seen fluctuating trends in average total tax liability per return, with notable lows in 2013 at $7519.07 and a recent high in 2021 at $9352.77. This dynamic pattern may suggest varying economic conditions and changing income levels in the area, which could be of interest to those looking to invest, build property, or assess valuation in the region. For appraisers and insurance agents, these figures might provide insight into economic stability and its potential impact on market valuations.
Cost of Living in Big Horn County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,532 | $2,879 | $1,135 | $1,182 |
| 1 adult 4 children | $1,005 | $1,251 | $2,228 | $1,135 | $1,240 |
| 2 adults 3 children | $1,005 | $1,252 | $2,485 | $1,135 | $914 |
| 1 adult 3 children | $1,005 | $1,022 | $1,834 | $1,135 | $961 |
| 2 adults 2 children | $826 | $1,025 | $2,091 | $987 | $777 |
| 1 adult 2 children | $826 | $765 | $1,440 | $987 | $718 |
| 2 adults 1 child | $826 | $810 | $1,698 | $503 | $730 |
| 1 adult 1 child | $826 | $523 | $1,046 | $503 | $577 |
| 2 adults | $647 | $651 | $1,304 | $0 | $630 |
| 1 adult | $643 | $355 | $652 | $0 | $501 |
Safety trends & Data
Property crime in Big Horn County, Wyoming shows notable fluctuations with a peak in burglary cases in 2018 at three incidents, while motor vehicle theft surged in 2020 with three incidents. Fraud reports diminished from four in 2018 to one in 2020, and larceny-theft was most common in 2018 but dropped to a single case by 2020. For investors, real estate agents, and insurance professionals, these trends may impact decisions and evaluations of risk in the... Read more
Property Crime Trends in Big Horn County, WY Over the Last 3 Years
Property crime in Big Horn County, Wyoming shows variability over the past three years, with notable fluctuations in different categories. Burglary incidents peaked in 2018 with three reported cases, while motor vehicle theft showed a significant uptick in 2020 with three incidents. Fraud reports decreased from four in 2018 to just one in 2020, suggesting a potential diminishing trend. Larceny-theft was most common in 2018 but declined to a single case by 2020. Understanding these trends is crucial for potential investors, real estate agents, and insurance professionals evaluating the area's risk landscape.
Demographics
Big Horn County, Wyoming shows a slightly higher male population with men accounting for a marginally larger portion. Educational attainment illustrates a significant number of adults with high school levels or some college education but a smaller fraction pursuing advanced degrees. Age distribution is fairly balanced with noticeable representation across various age groups, though there's a minor spike in the senior population. Racial demographics underscore a predominantly White community,... Read more
Race Distribution in Big Horn County, Wyoming (2022)
Educational Attainment in Big Horn County, Wyoming (2022)
Age Distribution in Big Horn County, Wyoming
Citizen Population in Big Horn County, Wyoming (2022)
Political Trends & Data
Big Horn County, Wyoming leans heavily conservative, with approximately 83% of votes possibly going to the Republican candidate in recent presidential elections. The Democratic candidate is speculated to have received around 14%, while Libertarian and other minor party candidates collectively captured less than 5%. This voting pattern could indicate a strong conservative influence that might be a critical factor for businesses and investors considering entry or expansion in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Big Horn County, Wyoming, the Republican candidate likely secured the overwhelming majority of votes with approximately 83%, while the Democratic candidate garnered around 14%. Libertarian and other party candidates received significantly fewer votes, with Libertarians possibly capturing about 1.3% and others around 2%. This suggests a strong conservative preference in the region, reflecting broader trends often seen in various parts of Wyoming.
83.09% of voters voted for the Republican party in the 2020 Presidential Election
13.62% of voters voted for the Democrat party in the 2020 Presidential Election
1.28% of voters voted for the Livertarian party in the 2020 Presidential Election
2.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Big Horn County, Wyoming, boasts student-to-teacher ratios consistently below the national average of fourteen students per teacher, fluctuating between eleven and thirteen over the past decade. For real estate agents and potential homebuyers, this could translate to increased property values and demand, as a lower ratio often indicates a more personalized education experience. Investors and insurance agents might also see this as a signal of market stability and community-focused... Read more
Student-to-teacher ratio in Big Horn County, Wyoming over the last 10 years
The student-to-teacher ratio in Big Horn County, Wyoming, has remained consistently lower than the national average of fourteen students per teacher over the past ten years, fluctuating between eleven and thirteen. Changes in this ratio may be important for investors, real estate agents, and those looking to move to the area, as a lower ratio often correlates with a more personalized education experience. This trend could potentially increase property values and demand in the county, making it an attractive option for families prioritizing quality schooling. For appraisers and insurance agents, understanding these trends can provide better insights into market stability and community investments.
