Natrona County Real Estate and Livability Trends
Natrona County, Wyoming has seen sizable gains in median home values, jumping from $185,600 in 2015 to $247,600 in 2022, somewhat outpacing national trends. Real estate taxes here have surged—doubling from $1,924.04 in 2012 to $3,867.36 in 2021—likely affecting property appraisals and insurance costs. The attraction of the area could be boosted by a steady drop in poverty rates from 11.4% in... Read more
Natrona County Market Trends
Natrona County, Wyoming has experienced a substantial rise in median home values, climbing from $185,600 in 2015 to $247,600 in 2022, outpacing national trends. Energy tax credits in the county have varied notably, peaking at $925.00 in 2018, perhaps reflecting fluctuating incentives or the adoption of energy-efficient upgrades. Real estate taxes have also surged, doubling over the last decade... Read more
Median Value of Occupied Housing Units in Natrona County, Wyoming Over the Last 8 Years
Natrona County, Wyoming has seen a consistent upward trajectory in median home values over the last eight years, reaching $247,600 in 2022 from $185,600 in 2015. This rise, while mirrored by broader trends in both Wyoming and the United States, shows a faster appreciation compared to the national median, which was $179,400 in 2022. Home values in Natrona County are not only gaining ground but have nearly converged with state averages, indicating a potentially robust market for investors and homeowners looking at Wyoming.
Residential Energy Tax Credit Per Tax Return in Natrona County, WY Over the Last 9 Years
Over the last nine years, Natrona County, Wyoming has seen fluctuating average residential energy tax credits per tax return, ranging from a low of $277.91 in 2014 to a peak of $925.00 in 2018. These variations may indicate changing incentives or adoption rates of energy-efficient upgrades and could be relevant for investors, homeowners, and real estate agents considering the long-term cost benefits and environmental impacts of property developments. Appraisers and insurance agents might also find this data useful for assessing property values and investment risks in a county emphasizing energy-saving initiatives.
Average Real Estate Taxes Per Tax Return in Natrona County, WY Over the Last 10 Years
Over the last decade, Natrona County, Wyoming has seen a significant rise in average real estate taxes per tax return, jumping from $1,924.04 in 2012 to $3,867.36 in 2021. This trend might suggest increasing property values or rising tax rates, which is important for investors and prospective homeowners to consider. The notable spike in 2018 to $3,661.54, followed by relatively stable but high figures, could also affect appraisals and insurance premiums. Real estate agents and appraisers may need to stay updated on these changes as they could impact property market dynamics.
Percentage of Farm Returns in Natrona County, WY Over the Last 10 Years
Natrona County, Wyoming has seen a relatively stable trend in the percentage of farm tax returns over the last decade, fluctuating slightly from 1.01% in 2012 to around 1.04% in 2021, peaking at 1.16% in 2016. Farm tax returns reflect the proportion of taxpayers filing returns as farm operators, which could indicate the prevalence of agricultural activity. These numbers might interest potential investors or residents, showcasing a consistent agricultural presence in the county, providing opportunities for agro-business development or rural living. The modest changes year over year suggest a stable agricultural economy, which could be a reliable indicator for those considering investments in related sectors.
Number of Mortgages by Occupancy Type in Natrona County, WY Over the Last 5 Years in Natrona County
In Natrona County, Wyoming, the mortgage trends over the past five years show a marked preference for principal residences, with consistently high counts compared to investment properties and second residences. Investment properties saw a notable dip in 2022, while principal residences experienced a significant drop as well, potentially indicating shifts in housing demand or economic factors affecting home purchasing behaviors. This data can offer valuable insights for investors and real estate agents looking to understand market dynamics, anticipate demand, and make informed decisions about property investments. Appraisers and insurance agents might find these trends useful for risk assessment and policy adjustments, given the varying levels of investment and residency types.
Economic Outlook
In Natrona County, Wyoming, the average taxable income per tax return has varied significantly, reflecting broader economic conditions. Recent growth peaking at $87,871.66 in 2021 suggests an economic upturn, which could be promising for investors. State and local income taxes also fluctuated, peaking at $26,347.14 in 2013 and dipping to $8,918.18 in 2020, implying variable tax burdens that could inform real estate decisions. Total tax liability showed similar volatility, with a 2014 peak of... Read more
Average Taxable Income per Tax Return in Natrona County, WY over the last 9 years
Over the past nine years, the average taxable income per tax return in Natrona County, Wyoming, has shown significant fluctuations, ranging from around $70,679.26 in 2016 to a peak of approximately $87,871.66 in 2021. These variations reflect broader economic conditions and may influence decisions related to investments, property development, and real estate activities in the area. Notably, the recent jump in 2021 suggests potential economic upturns, which could be beneficial for potential investors and those looking to gauge the financial landscape of the county.
Average State and Local Income Taxes Per Tax Return in Natrona County, WY Over the Last 10 Years
Natrona County, Wyoming has seen significant fluctuations in average state and local income taxes per tax return over the past decade, peaking in 2013 at approximately $26,347.14 and dipping to a low in 2020 at about $8,918.18. Notable spikes occurred in 2013 and 2021, which could suggest changing economic conditions or policy shifts. These variations can be critical for real estate agents, investors, and potential residents to consider as they reflect the financial climate and potential tax liabilities in the county.
Average Total Tax Liability Per Tax Return in Natrona County, WY Over the Last 10 Years
Average total tax liability per tax return in Natrona County, Wyoming over the past decade has shown significant fluctuations, peaking at $19,689.01 in 2014 and dipping to $13,121.20 in 2020. Investors and homeowners may find this information useful when considering the potential tax implications of property ownership in this area. For real estate agents, understanding these trends supports better advising clients on expected tax burdens. Property developers and insurance agents can also use this data to strategize financial planning for future projects or policies.
Cost of Living in Natrona County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,256 | $1,464 | $2,894 | $1,367 | $1,223 |
| 1 adult 4 children | $1,256 | $1,195 | $2,234 | $1,367 | $1,283 |
| 2 adults 3 children | $1,256 | $1,196 | $2,500 | $1,367 | $960 |
| 1 adult 3 children | $1,256 | $976 | $1,841 | $1,367 | $1,018 |
| 2 adults 2 children | $884 | $979 | $2,107 | $1,183 | $757 |
| 1 adult 2 children | $884 | $731 | $1,447 | $1,183 | $693 |
| 2 adults 1 child | $884 | $774 | $1,713 | $584 | $695 |
| 1 adult 1 child | $884 | $500 | $1,053 | $584 | $548 |
| 2 adults | $747 | $622 | $1,319 | $0 | $602 |
| 1 adult | $619 | $339 | $660 | $0 | $455 |
Safety trends & Data
In Natrona County, Wyoming, property crime trends over the last five years have shown noticeable fluctuations with larceny-theft and burglary peaking in 2019 at 341 and 94 incidents, respectively. A spike in vandalism was observed in 2020 with 102 cases. However, significant declines in property crime rates were noted by 2021 and 2022. This could indicate improvements in community policing or economic conditions, which may be relevant for potential investors, real estate professionals, and... Read more
Property Crime Trends in Natrona County, WY Over the Last 5 Years
Examining property crime trends in Natrona County, Wyoming over the last five years reveals noticeable fluctuations. Larceny-theft and burglary were consistently the most frequent crimes, peaking in 2019 with 341 and 94 incidents, respectively. Vandalism also saw a jump in 2020 with 102 cases. However, overall property crime rates have significantly dropped by 2021 and 2022, with notable declines in almost all categories. This trend may suggest improvements in community policing or economic conditions, which could be relevant for potential investors, real estate professionals, and residents analyzing the area's safety and growth prospects.
Demographics
In Natrona County, Wyoming, the demographic landscape suggests a nearly balanced gender distribution among adults and highlights a predominantly White population with a small representation of other races. Educational attainment levels indicate a high percentage of residents with at least a high school diploma or some college education. The age distribution features a notable proportion of the population in the 25 to 34 and 35 to 44 age brackets, hinting at a relatively young workforce,... Read more
Race Distribution in Natrona County, Wyoming (2022)
Educational Attainment in Natrona County, Wyoming (2022)
Age Distribution in Natrona County, Wyoming
Citizen Population in Natrona County, Wyoming (2022)
Political Trends & Data
The real estate market in Natrona County, Wyoming, might be influenced by its predominantly conservative voter base, as evidenced by the 2020 U.S. Presidential Election results where Republicans possibly secured around 71% of the vote. Democrats trailed considerably with an estimated 24%, while minor parties captured under 5%. This could suggest a community that values stability and traditional preferences, potentially impacting factors such as property development, zoning laws, and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Natrona County in Wyoming showed a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with Republicans potentially garnering around 71% of the vote. Democrats likely received roughly 24%, indicating a substantial gap between the two main parties. Minor parties like the Libertarians and others collectively captured a small fraction, under 5%. This distribution could suggest a predominantly conservative voter base with limited but notable interest in alternative parties.
71.41% of voters voted for the Republican party in the 2020 Presidential Election
24.10% of voters voted for the Democrat party in the 2020 Presidential Election
2.53% 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
In Natrona County, Wyoming, the student-to-teacher ratio has consistently hovered slightly below the national average of 14 students per teacher over the past decade. Between 2014 and 2023, the ratio fluctuated between approximately 12 and just under 14, peaking in 2023. This favorable ratio suggests more individual attention for students, appealing to parents and potentially boosting property values. Real estate agents and investors may find this an attractive selling point, while appraisers... Read more
Student-to-teacher ratio in Natrona County, Wyoming over the last 10 years
Natrona County, Wyoming's student-to-teacher ratio has generally hovered slightly below the national average of 14 students per teacher over the past decade. For instance, from 2014 to 2023, ratios ranged from a low of roughly 12 in 2021 to a high just under 14 in 2023. This relatively favorable ratio could be a positive indicator for parents considering moving to the area, as it implies more individual attention per student in educational settings. For investors and real estate agents, this can be a selling point, while appraisers and insurance agents might see this as a stable signal in the community's value and risk assessment. Lower student-to-teacher ratios often correlate with higher educational quality, which can enhance property values and reduce vacancy rates over time.
