Lincoln County Real Estate and Livability Trends
Lincoln County, Wyoming has seen a dramatic rise in average taxable income per tax return from $62,902.94 in 2013 to $143,822.19 in 2021, potentially indicating improving economic conditions that attract property investors. Median home values also experienced a significant jump from $201,700 in 2015 to $325,500 in 2022, notably outpacing national and state trends, which might suggest a growing... Read more
Lincoln County Market Trends
Lincoln County, Wyoming has experienced a dramatic increase in median home values, soaring from $201,700 in 2015 to $325,500 in 2022, notably outpacing national and state trends, which might indicate a growing appeal for buyers. Residential energy tax credits have fluctuated significantly, with a substantial spike in 2021 to $1,477.78, reflecting possible state incentives or heightened homeowner... Read more
Median Value of Occupied Housing Units in Lincoln County, Wyoming Over the Last 8 Years
Lincoln County, Wyoming has seen a remarkable rise in median home values over the past eight years, jumping from $201,700 in 2015 to $325,500 in 2022. This increase significantly outpaces the national median value, which went from $125,500 to $179,400 over the same period. Compared to the rest of Wyoming, where the median home value increased from $194,800 to $269,900, Lincoln County's growth suggests it may be an increasingly attractive location for potential homeowners and real estate investors. This surge could be driven by local economic factors, population growth, or emerging demand in the region.
Residential Energy Tax Credit Per Tax Return in Lincoln County, WY Over the Last 8 Years
Lincoln County, Wyoming has seen significant fluctuations in residential energy tax credits per tax return over the past eight years. Noteworthy is the dramatic leap in 2021, where the average credit jumped to $1,477.78, up from $440.00 in 2020, indicating possibly increased energy-efficient installations or incentivized state programs. Prior to this, figures were relatively moderate, with a notable decline from $300.00 in 2013 to around $223.08 in 2014, then showing some variability. This volatility might suggest both periodic state-level policy changes and variable homeowner engagement with energy efficiency improvements. Investors, real estate professionals, and homeowners may find these trends useful when considering the long-term benefits of energy-efficient home improvements in the area.
Average Real Estate Taxes Per Tax Return in Lincoln County, WY Over the Last 10 Years
Over the past decade, Lincoln County, Wyoming has seen a notable increase in average real estate taxes per tax return. Starting at approximately $2,041.30 in 2012, the amount has risen sharply, reaching about $6,000.00 by 2021. This significant growth, especially the steep rise from 2017 onward, could suggest a rapidly appreciating property market, potentially fueled by increased demand or higher property valuations. Investors and real estate professionals might view this trend as indicative of a growing local economy, while property owners might need to consider the rising tax costs when budgeting.
Percentage of Farm Returns in Lincoln County, WY Over the Last 10 Years
Farm tax returns for Lincoln County, Wyoming have shown a subtle decline over the last 10 years, dropping from around 5.76% in 2012 to approximately 4.96% in 2021. Farm tax returns are important because they reflect the economic contributions of the agricultural sector to the county's overall tax revenue. Given the overall decrease, it could signal changing economic dynamics such as shifts in the local agricultural landscape, diversification into other sectors, or possible pressures on farm profitability. This trend might be something to watch if you're interested in investing in, moving to, or developing property in the area, as it may reflect broader economic conditions that could affect future growth opportunities.
Number of Mortgages by Occupancy Type in Lincoln County, WY Over the Last 5 Years in Lincoln County
In Lincoln County, Wyoming, the data shows noteworthy trends in mortgage counts over the last five years. Principal residences dominate the mortgage market, peaking in 2021 with 1,728 mortgages but declining sharply to 926 by 2022. Investment properties and second residences remained relatively stable, though there's been a slight increase in investment property mortgages since 2018. Changes in occupancy types could signal shifts in local economic conditions, housing demand, or investment strategies, crucial for real estate agents, investors, and insurers to monitor. These trends might suggest increasing desirability for primary homes but potential cooling off in recent years.
Economic Outlook
Lincoln County, Wyoming has seen a dramatic rise in average taxable income per tax return from $62,902.94 in 2013 to $143,822.19 in 2021. This significant increase might indicate improving economic conditions, attracting interest from property investors and real estate agents. At the same time, the average total tax liability per tax return has also surged, peaking at $29,380.53 in 2021. These trends could signal potential financial growth and rising property values, making Lincoln County worth... Read more
Average Taxable Income per Tax Return in Lincoln County, WY over the last 9 years
Lincoln County, Wyoming has experienced a significant increase in average taxable income per tax return over the last nine years, with a notable surge from $62,902.94 in 2013 to $143,822.19 in 2021. This upward trend could suggest improving economic conditions, potential growth in high-income earners, or increased business activity in the region. The continuous rise might catch the interest of property investors, real estate agents, and those considering relocating to the area due to the strong potential for financial growth. Additionally, appraisers and insurance agents might observe this as an indicator of rising property values, warranting closer examination of market dynamics in Lincoln County.
Average State and Local Income Taxes Per Tax Return in Lincoln County, WY Over the Last 10 Years
Over the last decade, Lincoln County, Wyoming has experienced significant fluctuations in average state and local income taxes per tax return, peaking sharply at $60,475.00 in 2021. This trend likely reflects changes in local policies, economic circumstances, and population dynamics. Even with historical consistency in the early 2010s, the post-2017 surge presents potential considerations for investors, new residents, and real estate professionals. Such volatility underscores the importance of thorough financial planning and market analysis when considering property investments or relocations in this county.
Average Total Tax Liability Per Tax Return in Lincoln County, WY Over the Last 10 Years
Over the past decade in Lincoln County, Wyoming, the average total tax liability per tax return has shown significant fluctuations with a steep upward trend in recent years. Starting from $11,251.76 in 2012, there was a drop in 2013 followed by variability through 2018. Notably, sharp increases occurred from 2019 onwards, peaking dramatically at $29,380.53 by 2021. This could reflect economic changes, shifts in taxable income, or demographic changes impacting the county, making this location potentially interesting for investors, appraisers, and real estate professionals analyzing economic trends or considering property developments.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $2,035 | $2,879 | $1,338 | $1,552 |
| 1 adult 4 children | $1,174 | $1,662 | $2,228 | $1,338 | $1,587 |
| 2 adults 3 children | $1,174 | $1,662 | $2,485 | $1,338 | $1,207 |
| 1 adult 3 children | $1,174 | $1,357 | $1,834 | $1,338 | $1,276 |
| 2 adults 2 children | $826 | $1,361 | $2,091 | $1,163 | $944 |
| 1 adult 2 children | $826 | $1,016 | $1,440 | $1,163 | $897 |
| 2 adults 1 child | $826 | $1,075 | $1,698 | $594 | $824 |
| 1 adult 1 child | $826 | $695 | $1,046 | $594 | $663 |
| 2 adults | $628 | $864 | $1,304 | $0 | $689 |
| 1 adult | $623 | $471 | $652 | $0 | $538 |
Safety trends & Data
Lincoln County, Wyoming has experienced fluctuating property crime rates over the past five years, with larceny-theft being the most frequent offense. After peaking at 20 reported incidents in 2018, it dropped before rising again to 11 in 2022. Other crimes like burglary, vandalism, motor vehicle theft, and fraud occur less consistently and none have shown a clear upward trend. This variability could be crucial for investors and potential movers assessing safety, while insurance agents might... Read more
Property Crime Trends in Lincoln County, WY Over the Last 5 Years
Lincoln County, Wyoming has seen fluctuating property crime rates over the past five years, with larceny-theft being the most frequent offense, peaking at 20 reported incidents in 2018 before dropping and then rising again to 11 in 2022. Other crime categories like burglary, vandalism, motor vehicle theft, and fraud occur less consistently, but none have shown a clear upward trend. Investors and potential movers may find this variability significant when assessing the area's safety and insurance agents might note the relatively low but irregular occurrence of property crimes. Real estate agents can highlight the overall stability in lower-crime years as a positive aspect of the county.
Demographics
Lincoln County, Wyoming shows a fairly even split in its adult population by gender, leaning slightly male. Educational attainment leans heavily towards high school graduates and individuals with some college education, though a noteworthy segment has bachelor’s or advanced degrees. The age distribution suggests a balanced mix across various age brackets, with a noticeable concentration in the 55 to 64-year range, implying a mature population base. Racially, the county is predominantly White,... Read more
Race Distribution in Lincoln County, Wyoming (2022)
Educational Attainment in Lincoln County, Wyoming (2022)
Age Distribution in Lincoln County, Wyoming
Citizen Population in Lincoln County, Wyoming (2022)
Political Trends & Data
Lincoln County, Wyoming, showed a pronounced preference for the Republican party in the 2020 U.S. Presidential Election, with approximately 82% of the vote. Democratic candidates captured about 14%, while other parties barely registered. This suggests Lincoln County's political leanings might mirror broader rural Wyoming trends, hinting at a predominantly conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lincoln County, Wyoming, the 2020 U.S. Presidential Election saw a pronounced preference for the Republican party, which garnered approximately 82% of the total vote share. Democratic candidates trailed significantly with around 14%, while other parties, including Libertarian and minor parties, accounted for merely a fraction of the remaining votes. The data suggests that Lincoln County leans heavily Republican, a potential reflection of broader voting patterns across rural Wyoming.
82.12% of voters voted for the Republican party in the 2020 Presidential Election
14.34% of voters voted for the Democrat party in the 2020 Presidential Election
1.59% of voters voted for the Livertarian party in the 2020 Presidential Election
1.96% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lincoln County, Wyoming's student-to-teacher ratio has generally stayed below the national average of 14 students per teacher, ranging from 11 in 2014 to nearly 13 recently. This suggests smaller class sizes, which might imply a more personalized education for students and a potentially appealing factor for families considering a move. Real estate professionals could see this as a valuable selling point, while appraisers and insurance agents might view it as indicative of community stability... Read more
Student-to-teacher ratio in Lincoln County, Wyoming over the last 10 years
Over the past decade, Lincoln County, Wyoming has seen its student-to-teacher ratio mostly remain below the national average of 14 students per teacher. With figures ranging from 11 in 2014 to a peak of nearly 13 in recent years, this suggests relatively smaller class sizes, which could be advantageous for both students and educators. For those contemplating a move or investment in the area, lower ratios might indicate a more personalized educational experience. Real estate agents might leverage this as a selling point, while appraisers and insurance agents could see it as a sign of community stability and quality.
