Goshen County Real Estate and Livability Trends
Goshen County, Wyoming's average taxable income saw a robust increase from $44,101.16 in 2013 to $65,148.11 in 2021, potentially driven by job growth and rising wages. Real estate taxes surged from $1,608.97 in 2012 to $3,000.00 in 2021, likely reflecting increased property values. Median home values grew from $148,700 in 2015 to $217,200 in 2022, although this rise remains moderate compared to... Read more
Goshen County Market Trends
Over the past eight years, Goshen County, Wyoming, saw median home values climb from $148,700 in 2015 to $217,200 in 2022. This growth, although steady, is more subdued compared to Wyoming's average. Notably, the county's residential energy tax credits per tax return experienced significant volatility, with a peak of $775.00 in 2021, possibly indicating a rising focus on energy-efficient... Read more
Median Value of Occupied Housing Units in Goshen County, Wyoming Over the Last 8 Years
Over the past eight years, Goshen County, Wyoming has seen its median home values rise from $148,700 in 2015 to $217,200 in 2022. This upward trend, though steady, still falls short when compared to Wyoming's average, which jumped from $194,800 in 2015 to $269,900 in 2022. Nationally, the median home value went from $125,500 in 2015 to $179,400 in 2022. Homebuyers and investors might find Goshen County appealing due to its more gradual rise in property values compared to other locations, potentially signaling less volatility and more stable long-term investment opportunities.
Residential Energy Tax Credit Per Tax Return in Goshen County, WY Over the Last 8 Years
Goshen County, Wyoming has seen a notable volatility in average residential energy tax credits per tax return over the past eight years. Starting at $175.00 in 2013, the average gradually increased, peaking at $333.33 in 2017, with occasional fluctuations. The most remarkable jump came in 2021, when the average soared to $775.00, suggesting a possibly increased investment in energy-efficient upgrades or incentives. This trend could be indicative of a growing emphasis on sustainable living, providing potential opportunities for real estate growth, investment, and insurance considerations linked to energy-efficient properties in the county.
Average Real Estate Taxes Per Tax Return in Goshen County, WY Over the Last 10 Years
Over the last decade, Goshen County, Wyoming has seen a notable uptick in real estate taxes per tax return, culminating in a significant increase from $1,608.97 in 2012 to $3,000.00 in 2021. This steady rise, with sharper jumps observed post-2018, may reflect increasing property values or changes in tax assessments. This trend could impact investment decisions, property valuations, and considerations for those looking to move into or develop in the area.
Percentage of Farm Returns in Goshen County, WY Over the Last 10 Years
In the last decade, the percentage of farm returns in Goshen County, Wyoming, has hovered around 10%, oscillating between 9.70% in 2012 and peaking at roughly 11.27% in 2016. This trend suggests a relatively stable agricultural sector contributing to the local economy. Farm tax returns, which encompass income from farms reported on tax filings, provide insight into the financial health of farming activities in the area. For potential investors, builders, or new residents, this steady flow of farm income may hint at economic stability and a well-entrenched farming community, presenting opportunities in agribusiness or related services.
Number of Mortgages by Occupancy Type in Goshen County, WY Over the Last 5 Years in Goshen County
In the last five years, Goshen County, Wyoming has seen fluctuating numbers in mortgage counts for different occupancy types. The number of principal residence mortgages has generally been higher compared to investment properties and second residences, peaking at 780 in 2021. Investment property mortgages have remained relatively low but show a slight increase in 2022, while second residences exhibit minimal variation. Changes in occupancy type can significantly affect market dynamics; investors might need to consider the rising demand for housing that could drive property values and rental rates. For appraisers and insurance agents, these trends could influence risk assessments and property evaluations. Real estate agents and developers may find opportunities in targeting the expanding residential sector to cater to the primary homeowners.
Economic Outlook
Goshen County, Wyoming's average taxable income per tax return has surged impressively from $44,101.16 in 2013 to $65,148.11 in 2021, hinting at potential economic drivers such as job growth and wage increases. Meanwhile, average state and local income taxes have spiked from $3,407.69 in 2012 to $14,366.67 in 2021, which may present a growing tax burden for residents. Similarly, total tax liabilities climbed from $7,332.08 in 2012 to $9,731.17 in 2021, likely reflecting both economic shifts and... Read more
Average Taxable Income per Tax Return in Goshen County, WY over the last 9 years
Goshen County, Wyoming has seen a steady increase in average taxable income per tax return over the past nine years. Starting from $44,101.16 in 2013, the average taxable income grew significantly, peaking at $65,148.11 in 2021. This trend suggests a robust economic growth in the area, potentially driven by factors like job opportunities and wage inflation. Such growth may attract investors and real estate developers, as rising incomes can increase property values and demand for housing. Additionally, this upward trend in income is crucial for appraisers and insurance agents as it hints at an evolving market landscape where financial resilience and asset valuation may need recalibration.
Average State and Local Income Taxes Per Tax Return in Goshen County, WY Over the Last 10 Years
Goshen County, Wyoming has seen notable fluctuations in average state and local income taxes per tax return over the past decade, with an overarching trend towards substantial increases. Starting from a relatively modest $3,407.69 in 2012, there has been a significant upward trend, peaking sharply at $14,366.67 in 2021. This trend generally indicates a rising tax burden on residents, which could be a critical factor for potential investors, homeowners, appraisers, and real estate professionals considering the area. These changes may influence the attractiveness and affordability of living or investing in Goshen County, as well as implications for financial planning and insurance premiums.
Average Total Tax Liability Per Tax Return in Goshen County, WY Over the Last 10 Years
Goshen County, Wyoming, has seen notable fluctuations in average total tax liability per tax return over the past decade, with a general increasing trend. From 2012's $7,332.08 to a peak in 2021 reaching $9,731.17, the variability suggests shifts in economic factors, possibly influencing investment and living decisions. This uptrend might indicate stronger local economic conditions or changes in tax policies, making it essential for investors, property developers, and real estate professionals to factor this into their financial forecasts and strategies.
Cost of Living in Goshen County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,032 | $1,379 | $2,879 | $1,269 | $1,139 |
| 1 adult 4 children | $1,032 | $1,126 | $2,228 | $1,269 | $1,209 |
| 2 adults 3 children | $1,032 | $1,127 | $2,485 | $1,269 | $891 |
| 1 adult 3 children | $1,032 | $920 | $1,834 | $1,269 | $942 |
| 2 adults 2 children | $842 | $922 | $2,091 | $1,103 | $761 |
| 1 adult 2 children | $842 | $689 | $1,440 | $1,103 | $705 |
| 2 adults 1 child | $842 | $729 | $1,698 | $563 | $709 |
| 1 adult 1 child | $842 | $471 | $1,046 | $563 | $564 |
| 2 adults | $640 | $586 | $1,304 | $0 | $597 |
| 1 adult | $635 | $319 | $652 | $0 | $479 |
Safety trends & Data
Goshen County, Wyoming has witnessed fluctuating property crime rates over the past five years. Larceny-theft incidents spiked to 27 in 2022, making it the most prevalent crime. Arson saw its highest number in 2019 with 13 cases but has since dropped. Vandalism hit a high of 13 in 2019 but fell dramatically to 1 by 2022. Burglary incidents remained fairly stable, only slightly peaking in 2021. These variable crime rates may influence property values and insurance premiums, critical... Read more
Property Crime Trends in Goshen County, WY Over the Last 5 Years
Goshen County, Wyoming has seen fluctuating property crime rates over the past five years, with some notable spikes and declines. Larceny-Theft remains the most prevalent crime, peaking at 27 incidents in 2022. Arson incidents were highest in 2019 with 13 cases but dropped significantly in subsequent years. Vandalism numbers have varied, reaching a high of 13 in 2019 but plummeting to just 1 in 2022. Burglary incidents remained relatively low and stable, with a slight peak in 2021. Overall, these trends may impact property values and insurance premiums, making them crucial for potential investors, real estate agents, appraisors, and insurance agents to consider.
Demographics
Goshen County, Wyoming, has a somewhat balanced gender distribution, with men slightly outnumbering women. Education levels show a significant number of the population have high school education or some college, but a noticeable portion hold higher degrees, which could hint at an educated workforce. People over 55 years make up a large segment of the population, potentially pointing to a community with growing retirement cohorts. The population is predominantly White, reflecting limited racial... Read more
Race Distribution in Goshen County, Wyoming (2022)
Educational Attainment in Goshen County, Wyoming (2022)
Age Distribution in Goshen County, Wyoming
Citizen Population in Goshen County, Wyoming (2022)
Political Trends & Data
Goshen County, Wyoming, shows a significant Republican majority with about 78% voting GOP in the most recent presidential election. Democrats held just under 20%, revealing a small but notable support base. Minor parties like Libertarians barely made a dent with 1-2%. These trends are fairly typical for rural, sparsely populated areas in states like... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Goshen County, Wyoming, likely exhibits a strong Republican leaning, with approximately 78% of votes going to the Republican Party. Democrats garnered just under 20%, suggesting a limited but present support base. Libertarians and other parties accounted for around 1-2% each, indicating minimal influence. This voting pattern might reflect broader political trends in rural, sparsely populated regions often seen in Wyoming.
77.77% of voters voted for the Republican party in the 2020 Presidential Election
19.18% of voters voted for the Democrat party in the 2020 Presidential Election
1.37% of voters voted for the Livertarian party in the 2020 Presidential Election
1.67% of voters voted for the Other party in the 2020 Presidential Election
School Data
Goshen County, Wyoming has consistently maintained a low student-to-teacher ratio, fluctuating between nine and eleven students per teacher over the past decade. This favorable ratio, compared to the national average of fourteen students per teacher, could be a significant selling point for families prioritizing education. Real estate agents, investors, and insurance agents might view this as an indicator of a family-friendly community with strong educational investment, potentially boosting... Read more
Student-to-teacher ratio in Goshen County, Wyoming over the last 10 years
Goshen County, Wyoming has maintained a notably low student-to-teacher ratio over the past decade, fluctuating between nine and ten students per teacher, with 2014 starting at approximately nine and rising slightly to eleven in 2023. This low ratio, compared to the national average of fourteen students per teacher, potentially suggests more individual attention per student, which could be advantageous for parents considering moving to the area. For real estate agents and those looking to invest, this might indicate a family-friendly locale that could appeal to buyers prioritizing education. Insurance agents and appraisers might see this as a signal of stability and community investment in education, influencing property valuation trends positively.
