Park County Real Estate and Livability Trends
Park County, Wyoming, showcases an impressive rise in median home values from $221,300 in 2015 to $329,500 in 2022, outpacing state and national growth trends. Average real estate taxes have doubled, hitting $5,532.00 in 2021, which could impact prospective homeowners' decisions. Investments in energy-efficient homes are suggested by the surge in residential energy tax credits from $262.96 in... Read more
Park County Market Trends
Real estate trends in Park County, Wyoming, show a notable rise in median home values, jumping from $221,300 in 2015 to $329,500 in 2022, surpassing both state and national growth averages. Residential energy tax credits have also surged from $262.96 in 2013 to $1358.82 in 2021, suggesting increased investment in energy-efficient homes. Meanwhile, average real estate taxes doubled from $2,514.33... Read more
Median Value of Occupied Housing Units in Park County, Wyoming Over the Last 8 Years
Over the past eight years, Park County, Wyoming has seen a steady rise in median home values, from $221,300 in 2015 to $329,500 in 2022. While the entire state of Wyoming also experienced growth, with median values increasing from $194,800 to $269,900 in the same period, Park County has consistently outpaced state averages. Comparing national trends, Park County’s growth trajectory is more aggressive; the U.S. median home values only rose from $125,500 in 2015 to $179,400 in 2022. This significant upward trend in Park County may make it a compelling opportunity for potential investors, indicating strong local demand and robust property value appreciation.
Residential Energy Tax Credit Per Tax Return in Park County, WY Over the Last 8 Years
The residential energy tax credit per tax return in Park County, Wyoming, has shown a notable upward trend over the past eight years. Starting from $262.96 in 2013 and rising steadily to $370.83 in 2014 and $445.45 in 2015, the credit experienced a significant jump to $1062.50 in 2019, reaching a high of $1358.82 by 2021. This trend may suggest an increasing investment in energy-efficient improvements or favorable policy incentives, which could be attractive for investors, real estate agents, and residents considering energy-efficient homes.
Average Real Estate Taxes Per Tax Return in Park County, WY Over the Last 10 Years
Over the past decade, Park County, Wyoming has seen a notable increase in average real estate taxes reported per tax return. The average tax jumped from approximately $2,514.33 in 2012 to about $5,532.00 in 2021. There’s a sharp uptick evident from 2017 onwards, possibly reflective of increasing property values or shifts in local tax policies. This trend could be particularly relevant for potential homeowners, investors, and real estate professionals considering the area, as it may impact overall property affordability and long-term investment returns.
Percentage of Farm Returns in Park County, WY Over the Last 10 Years
Over the past decade, Park County, Wyoming has seen fluctuations in farm tax returns, generally hovering around 3.8% to 4.6%. An initial increase from 2012 to 2016 seemed to peak around 4.62%, but there was a slight decline in the subsequent years, hitting a low of approximately 4.05% in 2019 before stabilizing near 4.25% by 2021. This data could be key for potential investors and residents assessing the region's agricultural economy, revealing a relatively stable yet slightly variable market. The fluctuations in farm tax returns could indicate evolving economic conditions impacting the farming sector, potentially tied to broader trends in agricultural profitability and market demands.
Number of Mortgages by Occupancy Type in Park County, WY Over the Last 5 Years in Park County
Park County, Wyoming has experienced noticeable fluctuations in mortgage activity over the past five years. Investment properties and second residences seem to be on a decline, while principal residence mortgages peaked in 2020 and then dropped sharply by 2022. The changing dynamics in occupancy types can influence property values, insurance rates, and investment decisions. Real estate agents, appraisers, and insurance agents need to consider these trends when advising clients. Investors and those looking to move to the area should also be aware of these dynamics as they could signal evolving market conditions and economic health.
Economic Outlook
Park County, Wyoming has displayed a consistent rise in average taxable income per tax return, jumping from approximately $70,500.73 in 2013 to about $115,062.24 by 2021. Concurrently, average state and local income taxes surged from $6,380.00 in 2012 to $81,085.00 in 2021, with sharp increases in 2017 and 2021 potentially reflecting local tax policy changes or shifts in economic factors. Over the past decade, total tax liability per tax return also climbed from $9,286.50 in 2012 to $24,889.73... Read more
Average Taxable Income per Tax Return in Park County, WY over the last 9 years
Park County, Wyoming has seen a notable rise in average taxable income per tax return over the last nine years. Starting at approximately $70,500.73 in 2013, it experienced fluctuations but maintained an overall upward trend, reaching about $115,062.24 by 2021. This increase could suggest economic growth and a possibly higher cost of living. Such a trend is crucial for potential investors, real estate agents, and those considering relocation, as it impacts property values, insurance, and overall financial planning in the area.
Average State and Local Income Taxes Per Tax Return in Park County, WY Over the Last 10 Years
Over the past decade, Park County, Wyoming has experienced a significant increase in average state and local income taxes per tax return, rising from $6,380.00 in 2012 to a peak of $81,085.00 in 2021. The most dramatic jumps were in 2017 and 2021, suggesting possible changes in local tax policies or economic factors influencing income levels. This trend could be critical for potential investors, real estate agents, and appraisers to monitor, as it may impact property values, insurance considerations, and overall cost of living. Those interested in moving or building property in Park County may need to budget for these tax fluctuations.
Average Total Tax Liability Per Tax Return in Park County, WY Over the Last 10 Years
Over the last decade, Park County, Wyoming, has seen a notable increase in average total tax liability per tax return, with figures rising from $9,286.50 in 2012 to $24,889.73 in 2021. This upward trend could suggest growing income levels, potentially making it an appealing area for investors and property developers. For real estate agents, the escalating tax liabilities might indicate a robust economic environment, while insurance agents may want to consider the impact of rising incomes on policy valuations. Appraisers might use these trends as a gauge for property values, particularly as the area appears to be attracting higher-earning residents.
Cost of Living in Park County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,211 | $1,532 | $2,879 | $1,440 | $1,327 |
| 1 adult 4 children | $1,211 | $1,251 | $2,228 | $1,440 | $1,390 |
| 2 adults 3 children | $1,211 | $1,252 | $2,485 | $1,440 | $1,036 |
| 1 adult 3 children | $1,211 | $1,022 | $1,834 | $1,440 | $1,115 |
| 2 adults 2 children | $906 | $1,025 | $2,091 | $1,252 | $837 |
| 1 adult 2 children | $906 | $765 | $1,440 | $1,252 | $795 |
| 2 adults 1 child | $906 | $810 | $1,698 | $638 | $753 |
| 1 adult 1 child | $906 | $523 | $1,046 | $638 | $601 |
| 2 adults | $688 | $651 | $1,304 | $0 | $618 |
| 1 adult | $684 | $355 | $652 | $0 | $493 |
Safety trends & Data
Park County, Wyoming, has experienced a fluctuating pattern in property crimes over the past five years. Larceny-theft, the most common crime, peaked at 78.0 cases in 2018 and has since declined to 42.0 cases in 2022. Burglary incidents surged to 15.0 cases in 2020 but fell back to 3.0 cases by 2022. Vandalism incidents stay relatively steady but are still a concern, with annual cases ranging from 12.0 to 22.0. Vehicle thefts and instances of fraud show some variability but remain on the lower... Read more
Property Crime Trends in Park County, WY Over the Last 5 Years
Over the past five years, Park County, Wyoming, has seen an up-and-down trend in key property crimes. Notably, larceny-theft consistently leads in frequency, peaking at 78.0 cases in 2018 and then showing a fluctuating decline to 42.0 cases in 2022. Burglary incidents spiked significantly in 2020, reaching 15.0 cases, but have dropped back down to 3.0 cases by 2022. Vandalism has remained somewhat steady, yet still concerning, with values hovering between 12.0 and 22.0 cases annually. Meanwhile, vehicle thefts have remained relatively low but consistent, and incidences of fraud have varied, reaching as high as 7.0 in 2019 before stabilizing. Minor categories like arson and embezzlement have seen minimal activity. This data suggests a fluctuating yet persistent presence of property crimes, with larceny-theft and burglary being the most notable for those assessing risks and opportunities in real estate and insurance within the county.
Demographics
Park County, Wyoming, shows an interesting demographic distribution with a nearly equal gender split, though females outnumber males by a small margin. Educational attainment levels vary widely, with a significant number of residents having some college experience but no degree and a notable portion holding bachelor's or higher degrees. Age distribution suggests a relatively mature population, with significant numbers in the 55 to 74 age brackets. Racially, the county is predominantly White,... Read more
Race Distribution in Park County, Wyoming (2022)
Educational Attainment in Park County, Wyoming (2022)
Age Distribution in Park County, Wyoming
Citizen Population in Park County, Wyoming (2022)
Political Trends & Data
Park County, Wyoming, seemed to lean heavily Republican in the 2020 U.S. Presidential Election with around 76% of the votes potentially going to the GOP. Democrats appeared to scrape together roughly 20%, while Libertarians and other minor parties collectively nabbed about 2%. This overwhelming Republican preference might shape local policies and election strategies, making it a critical area for GOP... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Park County, Wyoming, the 2020 U.S. Presidential Election saw Republicans potentially commanding a significant majority with approximately 76% of the votes. Democrats appeared to trail markedly, securing around 20%. Meanwhile, Libertarians and other minor parties gathered roughly 2% of the vote share collectively. This distribution suggests that Park County might lean heavily Republican, reflecting broader political affiliations that could influence future election strategies and local policies.
76.20% of voters voted for the Republican party in the 2020 Presidential Election
20.28% of voters voted for the Democrat party in the 2020 Presidential Election
1.68% of voters voted for the Livertarian party in the 2020 Presidential Election
1.84% of voters voted for the Other party in the 2020 Presidential Election
School Data
Park County, Wyoming has experienced a dramatic decline in its student-to-teacher ratio, dropping from 30 students per teacher in 2015 to about 10 in 2023. This places the county well below the national average of 14, hinting at smaller class sizes and potentially more individual attention for students. Such a shift could be enticing for families, offering real estate agents an opportunity to market the area as particularly family-friendly. Investors might also recognize this as a positive... Read more
Student-to-teacher ratio in Park County, Wyoming over the last 10 years
Over the past decade, Park County, Wyoming has seen significant fluctuations in its student-to-teacher ratio, with a notable drop from 30 students per teacher in 2015 to around 10 in 2023. This trend has placed the area well below the national average of 14, suggesting smaller class sizes and potentially more personalized attention for students. This shift could impact various stakeholders: investors might see potential in the local education system attracting families; real estate agents could market the area as family-friendly; and appraisers might factor the educational quality into property values. For those living in or moving to Park County, this ratio implies a more intimate educational environment.
