Niobrara County Real Estate and Livability Trends
With Niobrara County's average taxable income rising from $46,433.33 in 2016 to $62,274.76 in 2021 and median home values jumping from $141,600 in 2020 to $195,600 in 2022, the area might be emerging as an undervalued market offering unique opportunities compared to broader trends. Real estate taxes peaking at $1,580.00 in 2017, combined with a decreasing student-to-teacher ratio to less than 9... Read more
Niobrara County Market Trends
In Niobrara County, Wyoming, median home values have swung from $141,600 in 2020 to $195,600 in 2022, reflecting its potential as an undervalued market compared to the steady increases seen statewide and nationally. Real estate taxes peaked at $1,580.00 in 2017, suggesting possible rises in property values or shifts in tax policy that new buyers will want to consider. Farm tax returns have held... Read more
Median Value of Occupied Housing Units in Niobrara County, Wyoming Over the Last 8 Years
Over the past eight years, Niobrara County, Wyoming, has experienced fluctuations in median home values ranging from $141,600 in 2020 to $195,600 in 2022. While the county saw a notable dip in values in 2018, the recent surge aligns with broader market trends. Compared to statewide values that climbed from $194,800 in 2015 to $269,900 in 2022, Niobrara County's housing market might appear more volatile but also presents potentially undervalued investment opportunities. This value trajectory is particularly compelling against the national median, which rose steadily from $125,500 in 2015 to $179,400 in 2022, highlighting how local market dynamics in Niobrara County could offer unique considerations for investors and homebuyers.
Average Real Estate Taxes Per Tax Return in Niobrara County, WY Over the Last 6 Years
Niobrara County, Wyoming, has shown some variability in average real estate taxes per tax return over the last six years. Taxes peaked at $1,580.00 in 2017, after fluctuating from $1,123.08 in 2012 and reaching a low of $1,181.82 in 2016. This uptick in 2017 may present a consideration for new buyers or investors, possibly indicating increasing property values or changing taxation policies. For those involved in real estate here—be it appraisers, insurance agents, or potential residents—understanding these trends can help in making more informed decisions about the market's trajectory and potential returns on property investments.
Percentage of Farm Returns in Niobrara County, WY Over the Last 10 Years
Over the last decade, Niobrara County, Wyoming's percentage of farm tax returns has been relatively stable, with a slight increase from 17.69% in 2012 to 20% in 2021. These returns reflect the financial activities of farms and ranches, offering insights into the county's agricultural economic health. Such trends are crucial for potential investors and residents, as they can indicate the stability and viability of investing in agricultural property or related businesses in Niobrara County.
Number of Mortgages by Occupancy Type in Niobrara County, WY Over the Last 5 Years in Niobrara County
Over the past five years in Niobrara County, Wyoming, the majority of mortgages have consistently been for principal residences, peaking at 81 in 2021. Investment property mortgages have remained relatively low, with a slight increase in 2020, while second residence mortgages have also stayed minimal. The dominance of principal residence mortgages could suggest stability in housing demand among permanent residents, but the low numbers for investment properties and second homes might indicate limited interest from non-residents or investors. For those looking to invest, this trend could imply a less competitive market with potentially lower returns, whereas for new residents, it points to a predominantly owner-occupied community. Appraisers and real estate agents might note these trends when assessing property values and advising clients.
Economic Outlook
Niobrara County, Wyoming has experienced notable fluctuations in average taxable income per tax return, notably dipping to $46,433.33 in 2016 before climbing to $62,274.76 in 2021. Such trends could reflect broader economic shifts and local employment patterns. Additionally, the county saw peaks in tax liability in 2014 and 2015, with liabilities reaching over $10,000, followed by a decline in 2016 to $6,939.51. The variability in income and tax liability presents both challenges and... Read more
Average Taxable Income per Tax Return in Niobrara County, WY over the last 9 years
Niobrara County, Wyoming has seen some fluctuation in average taxable income per tax return over the past nine years, with a notable dip in 2016 to $46,433.33 followed by a recovery and eventual climb to $62,274.76 in 2021. These changes could reflect broader economic shifts, local employment trends, or variations in population demographics, making it pivotal for potential investors and businesses to consider the volatility and recent upward trend in incomes. Real estate agents and developers might find this trend encouraging as higher incomes often correlate with increased property investments and a more robust housing market.
Average Total Tax Liability Per Tax Return in Niobrara County, WY Over the Last 10 Years
Over the past decade, Niobrara County, Wyoming has seen significant fluctuations in average total tax liability per tax return. Notably, 2014 and 2015 experienced peaks at $10,175.82 and $10,359.77, respectively, while 2016 registered a low at $6,939.51. The data suggests a possible correlation between economic conditions and tax liability, impacting prospective investors and property developers. Real estate agents and insurance agents may find these insights valuable when assessing the financial landscape and evaluating potential risks and opportunities in Niobrara County.
Cost of Living in Niobrara County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,155 | $1,379 | $2,879 | $1,050 | $1,153 |
| 1 adult 4 children | $1,155 | $1,126 | $2,228 | $1,050 | $1,222 |
| 2 adults 3 children | $1,155 | $1,127 | $2,485 | $1,050 | $899 |
| 1 adult 3 children | $1,155 | $920 | $1,834 | $1,050 | $951 |
| 2 adults 2 children | $826 | $922 | $2,091 | $912 | $731 |
| 1 adult 2 children | $826 | $689 | $1,440 | $912 | $662 |
| 2 adults 1 child | $826 | $729 | $1,698 | $466 | $695 |
| 1 adult 1 child | $826 | $471 | $1,046 | $466 | $547 |
| 2 adults | $645 | $586 | $1,304 | $0 | $605 |
| 1 adult | $641 | $319 | $652 | $0 | $481 |
Safety trends & Data
In Niobrara County, Wyoming, property crime trends suggest a generally positive shift over the last two years, with larceny-theft cases dropping by half and motor vehicle thefts decreasing significantly. Even though vandalism showed a slight uptick, these statistics could hint at enhanced security measures or favorable economic conditions, positioning the county as a potentially appealing area for real estate investments and future... Read more
Property Crime Trends in Niobrara County, WY Over the Last 2 Years
In Niobrara County, Wyoming, property crime saw a modest decrease over the last two years, with notable reductions in certain categories. For instance, cases of larceny-theft dropped from 2 in 2021 to 1 in 2022, and motor vehicle theft incidents decreased from 3 to 1. However, vandalism incidents saw a slight increase from 1 in 2021 to 2 in 2022. These trends may indicate improving security measures or economic factors at play, making it a potentially promising area for real estate investments and new residents.
Demographics
The adult population in Niobrara County, Wyoming, reveals a greater number of females compared to males. The highest educational attainment is generally skewed towards high school graduates and those with some college experience but no degree, suggesting a potential gap in higher education levels. Age distribution is broad, with a notable concentration in the 25-64 age group, indicating a stable working-age population. The racial makeup is predominantly White, with minimal representation of... Read more
Race Distribution in Niobrara County, Wyoming (2022)
Educational Attainment in Niobrara County, Wyoming (2022)
Age Distribution in Niobrara County, Wyoming
Citizen Population in Niobrara County, Wyoming (2022)
Political Trends & Data
Niobrara County, Wyoming has shown a strong Republican leaning, with nearly 85% of the votes in the 2020 U.S. Presidential Election. Democrats garnered about 12%, and Libertarians a little over 1.5%, while "Other" parties combined for around 2%. This indicates a significant Republican stronghold and suggests limited political diversity among... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Niobrara County, Wyoming leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 85% of the votes. Democrats received roughly 12%, while Libertarians captured a little over 1.5%. "Other" parties combined for about 2% of the vote, showing minimal diversity in political preferences among the residents. This suggests a strong Republican stronghold with limited support for alternative parties.
84.57% of voters voted for the Republican party in the 2020 Presidential Election
11.72% 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
2.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Niobrara County, Wyoming, has seen its student-to-teacher ratio decline from around 12 students per teacher in 2014 to less than 9 in 2023, well below the national average of 14. This improvement could suggest more individualized attention for students, potentially making the area more attractive to families who prioritize education. For investors and real estate agents, this trend might highlight the county's commitment to quality education, serving as a key selling point. Insurance agents and... Read more
Student-to-teacher ratio in Niobrara County, Wyoming over the last 10 years
Niobrara County, Wyoming, has seen a notable decline in its student-to-teacher ratio over the past decade, dropping from around 12 students per teacher in 2014 to less than 9 in 2023. These figures are consistently below the current national average of 14 students per teacher. Lower ratios could indicate more individualized attention for students, potentially making the area more attractive for families prioritizing education. For investors and real estate agents, such a trend might highlight the county's commitment to quality education, which can be a selling point. Insurance agents and appraisers could also find this data relevant, as improved educational resources may impact property values and community development positively.
