Laramie County Real Estate and Livability Trends
Laramie County, Wyoming has seen median home values rise from $190,000 in 2015 to $295,800 in 2022, outpacing both state and national growth rates. Residential energy tax credits surged from $269.23 in 2013 to $4,773.68 in 2018, indicating increased investments in energy-efficient homes. Real estate taxes doubled from $1,801.78 in 2012 to $3,475.45 in 2021, a crucial factor for buyers evaluating... Read more
Laramie County Market Trends
Median home values in Laramie County, Wyoming have spiked from $190,000 in 2015 to $295,800 in 2022, outpacing both state and national growth rates. Residential energy tax credits saw a massive jump from $269.23 in 2013 to $4,773.68 in 2018, indicating a possible uptick in energy-efficient home investments. Real estate taxes have also increased significantly, doubling from $1,801.78 in 2012 to... Read more
Median Value of Occupied Housing Units in Laramie County, Wyoming Over the Last 8 Years
Median home values in Laramie County, Wyoming have risen sharply over the past eight years, increasing from $190,000 in 2015 to $295,800 in 2022. This surge outpaces the overall growth seen in Wyoming and significantly exceeds the national trend, where median values climbed from $125,500 to $179,400 during the same period. This trend suggests that Laramie County might be an attractive area for investors and those looking to move, as the local housing market appears robust and potentially lucrative.
Residential Energy Tax Credit Per Tax Return in Laramie County, WY Over the Last 9 Years
Laramie County, Wyoming, has seen significant fluctuations in residential energy tax credits over the past nine years. While the average credit started modestly at $269.23 in 2013, it surged dramatically to $4,773.68 in 2018. This spike could suggest a significant increase in energy-efficient home investments or incentives in that year. Although the average credit has stabilized to around $2,398.77 in 2021, it remains considerably higher than previous years, indicating ongoing interest and efforts in energy efficiency. For investors, real estate agents, and builders, this trend may signal a growing market for energy-efficient properties, which could be appealing to eco-conscious homebuyers.
Average Real Estate Taxes Per Tax Return in Laramie County, WY Over the Last 10 Years
Over the last decade, Laramie County, Wyoming has experienced a noticeable upward trend in real estate taxes per tax return, starting at $1,801.78 in 2012 and rising to $3,475.45 by 2021. The most significant jump occurred between 2017 and 2018, with the average tax amount increasing by almost $866. Potential property buyers and investors should be aware of this consistent growth, as a higher tax burden could impact overall affordability. Additionally, real estate agents and insurance agents might find this trend useful in advising clients on long-term property investments in the area.
Percentage of Farm Returns in Laramie County, WY Over the Last 10 Years
Over the last decade in Laramie County, Wyoming, farm tax returns have shown incremental fluctuations, peaking around 1.53% in 2017 and dipping to approximately 1.37% in 2020. For context, farm tax returns are essentially documents filed by farm businesses to report income and expenses, which can be a helpful indicator of the agricultural sector's health and local economic trends. The gradual changes in percentages can hint at broader economic shifts and may influence decisions for potential investors, new residents, and developers assessing the viability and sustainability of agricultural investments within the county.
Number of Mortgages by Occupancy Type in Laramie County, WY Over the Last 5 Years in Laramie County
In Laramie County, Wyoming, there's a noticeable dominance of mortgages for Principal Residences over the last five years, followed by Investment Properties, and a marginal number of Second Residences. This shift toward primary homes versus investment properties and vacation homes may suggest evolving needs for stable living environments, potentially driven by broader market or demographic changes. Monitoring these occupancy trends can be pivotal for investors, builders, and real estate professionals as they hint at emerging market demands, influencing everything from property values to risk assessments for insurers. Adjustments in mortgage patterns also provide insights into economic health and lifestyle preferences of the region’s population.
Economic Outlook
Laramie County, Wyoming has experienced a significant increase in average taxable income per tax return over the past nine years, climbing from $57,103.54 in 2013 to $82,221.14 in 2021. This suggests possible economic growth and increasing wages in the area, which might be attractive to investors and homebuyers. Additionally, income tax trends have been notably volatile, highlighting shifting economic dynamics that could impact investment decisions. The fluctuating total tax liability per tax... Read more
Average Taxable Income per Tax Return in Laramie County, WY over the last 9 years
Laramie County, Wyoming has seen a noticeable increase in the average taxable income per tax return over the last nine years, from approximately $57,103.54 in 2013 to around $82,221.14 in 2021. This upward trend could indicate economic growth and potentially rising wages in the area, making it an attractive locale for investors, homebuyers, and real estate professionals. The consistent yearly increase, particularly the significant jump between 2020 and 2021, suggests a robust economic environment that might appeal to individuals and businesses considering relocation or investment. For insurance agents and appraisers, these income trends might reflect higher property values and a stronger local market.
Average State and Local Income Taxes Per Tax Return in Laramie County, WY Over the Last 10 Years
In Laramie County, Wyoming, there has been a noticeable fluctuation in average state and local income taxes per tax return over the past decade. Starting from $9,083.33 in 2012, the taxes saw a decline, hitting a low of $5,847.50 in 2016. This was followed by a steep increase, reaching a peak of $17,375.00 in 2021. This kind of volatility suggests shifting economic dynamics that could impact decisions for potential investors, homebuyers, and real estate professionals in the area.
Average Total Tax Liability Per Tax Return in Laramie County, WY Over the Last 10 Years
Over the last decade in Laramie County, Wyoming, the average total tax liability per tax return has experienced fluctuations with a noticeable peak in 2021 reaching $13,060.49. This upward trend, especially in recent years, suggests an increasing tax burden which could impact decisions for potential investors, developers, and residents. For those interested or involved in the local real estate market, these figures could reflect broader economic shifts, influencing property values and financial planning.
Cost of Living in Laramie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,346 | $1,484 | $2,894 | $1,505 | $1,323 |
| 1 adult 4 children | $1,346 | $1,212 | $2,234 | $1,505 | $1,385 |
| 2 adults 3 children | $1,346 | $1,212 | $2,500 | $1,505 | $1,041 |
| 1 adult 3 children | $1,346 | $990 | $1,841 | $1,505 | $1,119 |
| 2 adults 2 children | $947 | $992 | $2,107 | $1,303 | $811 |
| 1 adult 2 children | $947 | $741 | $1,447 | $1,303 | $763 |
| 2 adults 1 child | $947 | $784 | $1,713 | $644 | $729 |
| 1 adult 1 child | $947 | $507 | $1,053 | $644 | $580 |
| 2 adults | $757 | $630 | $1,319 | $0 | $607 |
| 1 adult | $660 | $344 | $660 | $0 | $467 |
Safety trends & Data
Laramie County, Wyoming has seen notable fluctuations in property crime over the past five years. Larceny-theft stood out with 517 cases in 2018 but fell significantly to 177 by 2022. Burglary and motor vehicle theft show inconsistent patterns, generally remaining between 9 to 34 cases annually. Vandalism spiked in 2020 with 132 incidents, then dropped to 37 by 2022. These trends are crucial for potential property investors and residents as they can affect safety assessments, risk management... Read more
Property Crime Trends in Laramie County, WY Over the Last 5 Years
Laramie County, Wyoming has seen notable fluctuations in property crime over the past five years. Larceny-theft remains the most reported crime, peaking at 517 cases in 2018 and dropping significantly to 177 by 2022. Burglary and motor vehicle theft show inconsistent patterns but generally hover between 9 to 34 cases annually. Vandalism experienced a sharp increase in 2020, reaching 132 incidents, but declined to 37 by 2022. These trends are crucial for potential property investors and residents to assess the safety and develop risk management strategies, impacting insurance costs and real estate decisions.
Demographics
Laramie County, Wyoming shows a near gender balance with approximately equal male and female populations. Education levels reveal most residents have some college experience or higher, but a significant portion only completed high school or less. The age distribution indicates a youthful bent, with large groups under 35 years old. Racially, the county is predominantly White with small but noteworthy minorities including Black or African American, American Indian, and Asian populations. These... Read more
Race Distribution in Laramie County, Wyoming (2022)
Educational Attainment in Laramie County, Wyoming (2022)
Age Distribution in Laramie County, Wyoming
Citizen Population in Laramie County, Wyoming (2022)
Political Trends & Data
Laramie County, Wyoming, shows a tendency to lean conservative, indicated by approximately 62% of votes for the Republican Party in the 2020 U.S. Presidential Election. With the Democratic Party securing around 34% of the vote, the data could imply some level of bipartisan appeal or demographic shifts. Libertarian and minor parties captured about 5%, hinting at a broader political spectrum among the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Laramie County, Wyoming, the 2020 U.S. Presidential Election results indicate a notable leaning toward the Republican Party, with approximately 62% of the vote. The Democratic Party garnered about 34%, whereas the Libertarian and other minor parties collectively received roughly 5%. This distribution suggests that Laramie might be a stronghold for conservative voters, yet the Democratic vote share could suggest some level of competition or shifting demographics.
61.66% of voters voted for the Republican party in the 2020 Presidential Election
33.64% of voters voted for the Democrat party in the 2020 Presidential Election
2.35% of voters voted for the Livertarian party in the 2020 Presidential Election
2.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
Laramie County, Wyoming has seen student-to-teacher ratios hover around 12 to 13 students per teacher over the past decade, dipping slightly to 11 in 2021. This is generally below the national average of 14, suggesting smaller class sizes and potentially more individual attention for students. For investors, families, and those in education, smaller class sizes can imply a higher quality of education, an appealing factor for those considering moving to or investing in the area. Real estate... Read more
Student-to-teacher ratio in Laramie County, Wyoming over the last 10 years
Laramie County, Wyoming has predominantly seen student-to-teacher ratios hover around 12 to 13 students per teacher over the past decade, dipping slightly to its lowest at around 11 in 2021. This generally remains below the national average of 14 students per teacher, suggesting smaller class sizes and potentially more individual attention for students. For investors, families, and those in education, smaller class sizes can imply a higher quality of education, which might be an appealing factor in deciding to move to or invest in the area. Real estate agents might leverage this as a selling point, while appraisers and insurance agents could consider the stability and potentially lower risks associated with investing in an area with a reputed education system.
