Platte County Real Estate and Livability Trends
Platte County, Wyoming, has seen a notable surge in the average taxable income per tax return from $50,006.19 in 2013 to $69,119.29 in 2021, with median housing values also climbing significantly from $155,500 in 2015 to $237,100 in 2022. Property taxes have increased to $2,961.54 in 2021, reflecting either higher property values or shifts in tax policy. The substantial rise in motor vehicle... Read more
Platte County Market Trends
Platte County, Wyoming has experienced a steady rise in the median value of occupied housing units, increasing from $155,500 in 2015 to $237,100 in 2022, suggesting robust property value appreciation that could entice investors and homebuyers. The county's average residential energy tax credits per tax return peaked at $900.00 in 2021, hinting at a growing focus on energy efficiency. Meanwhile,... Read more
Median Value of Occupied Housing Units in Platte County, Wyoming Over the Last 8 Years
Over the last eight years, the median value of occupied housing units in Platte County, Wyoming has shown a steady increase, rising from $155,500 in 2015 to $237,100 in 2022. This suggests a steady appreciation in property values, which might attract investors and homebuyers. When compared to the state median trajectory, where values increased from $194,800 to $269,900, Platte County's growth is somewhat aligned, though it remains lower than the state average. Interestingly, the national median saw more modest growth, escalating from $125,500 to $179,400 in the same period, positioning Platte County as a more dynamic market in contrast. This could imply unique local economic factors at play or a strong demand within the county itself.
Residential Energy Tax Credit Per Tax Return in Platte County, WY Over the Last 8 Years
Platte County, Wyoming has experienced fluctuating average residential energy tax credits per tax return over the past eight years, peaking significantly in 2021 at $900.00. This indicates a potential increased investment or incentive in energy efficiency measures recently. For those considering investment or relocation, this trend may suggest a growing emphasis on sustainable living in the area. Real estate agents, insurance agents, and appraisers might find this data useful when assessing the long-term value and desirability of properties within the county.
Average Real Estate Taxes Per Tax Return in Platte County, WY Over the Last 10 Years
Average real estate taxes per tax return in Platte County, Wyoming, have shown a consistent upward trend over the last decade, culminating at $2,961.54 in 2021. Notably, there was a significant jump between 2017 and 2018, where taxes surged from $1,875.00 to $2,692.86, reflecting a possible increase in property values or changes in tax policy. For those considering investing or relocating here, understanding these trends is crucial, as they impact both the cost of living and property valuation. This information is also vital for appraisers and insurance agents assessing risk and value propositions in the county.
Percentage of Farm Returns in Platte County, WY Over the Last 10 Years
The percentage of farm returns in Platte County, Wyoming has seen subtle fluctuations over the past decade, hovering around the 9.1% to 10.6% range. Farm tax returns include income from agricultural activities, showing the economic contribution of farming to the local economy. While there were slight dips in 2013 and 2019, small but noticeable peaks occurred in 2017 and 2016. These trends potentially point to the relative stability of farm income in the county, which can be appealing for investors and those considering agricultural ventures or property development in the area.
Number of Mortgages by Occupancy Type in Platte County, WY Over the Last 5 Years in Platte County
Over the past five years, Platte County, Wyoming has seen a considerable fluctuation in mortgage distributions across different occupancy types. Mortgages for principal residences have remained predominantly higher, peaking in 2021 with 638 counts, implying a possibly steady demand for primary housing. Meanwhile, investment properties saw a noticeable uptick in 2022, rising to 32 from a relatively stable average in prior years. Mortgages for second residences have shown less variation but saw a slight surge in 2020 with 33 counted, potentially reflecting a brief interest in secondary homes. These shifts can hold significant implications for those invested in or analyzing the real estate market. For investors, increased interest in investment properties may signal better rental market prospects or flipping opportunities. For appraisers and insurance agents, these trends can guide more accurate valuations and risk assessments. Real estate agents can tailor marketing strategies based on the dominant occupancy trends, whether it's personal homebuyers or property investors. Understanding these dynamics is crucial for anyone looking to build, buy, or manage property in Platte County, Wyoming.
Economic Outlook
Platte County, Wyoming, has experienced a steady growth in average taxable income per tax return, rising from $50,006.19 in 2013 to $69,119.29 in 2021. This trend could signal increasing economic prosperity and may attract investors or businesses looking to expand. However, average state and local income taxes have also seen significant spikes, notably jumping to $7,250.00 in 2020, hinting at possible economic shifts or tax policy changes. Additionally, average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Platte County, WY over the last 9 years
Platte County, Wyoming has experienced a steady upward trend in average taxable income per tax return over the past nine years. Starting at $50,006.19 in 2013, this figure rose to $69,119.29 by 2021, illustrating a general increase in economic prosperity for the area. This trend might attract potential investors or businesses considering expansion, as it could indicate growing disposable income among residents. For real estate agents, appraisers, and builders, these figures suggest a potentially robust housing market. Insurance agents may also see implications in terms of policy premiums and coverage needs.
Average State and Local Income Taxes Per Tax Return in Platte County, WY Over the Last 9 Years
Platte County, Wyoming has seen considerable fluctuation in average state and local income taxes per tax return over the past nine years. From a low of around $2,971.43 in 2015, there was a notable spike to $4,977.78 in 2016, and a further rise to $7,250.00 by 2020. This sharp increase could indicate economic shifts or changes in tax policy that may well impact potential investors and residents. Whether you're looking to build, move, or invest, understanding these tax trends is crucial as they could affect your returns and financial planning.
Average Total Tax Liability Per Tax Return in Platte County, WY Over the Last 10 Years
Over the last decade in Platte County, Wyoming, average total tax liability per tax return has seen notable fluctuations, generally trending upwards. From a low of approximately $7,458.68 in 2012, there was considerable growth peaking at around $10,627.98 in 2021. This sharp increase could imply economic growth or rising incomes, potentially making the area more attractive for investment. However, the variability suggests potential risks that investors, insurers, and appraisers should consider when evaluating the market.
Cost of Living in Platte County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,057 | $1,379 | $2,879 | $1,229 | $1,139 |
| 1 adult 4 children | $1,057 | $1,126 | $2,228 | $1,229 | $1,208 |
| 2 adults 3 children | $1,057 | $1,127 | $2,485 | $1,229 | $891 |
| 1 adult 3 children | $1,057 | $920 | $1,834 | $1,229 | $941 |
| 2 adults 2 children | $826 | $922 | $2,091 | $1,068 | $749 |
| 1 adult 2 children | $826 | $689 | $1,440 | $1,068 | $689 |
| 2 adults 1 child | $826 | $729 | $1,698 | $544 | $701 |
| 1 adult 1 child | $826 | $471 | $1,046 | $544 | $555 |
| 2 adults | $628 | $586 | $1,304 | $0 | $593 |
| 1 adult | $623 | $319 | $652 | $0 | $474 |
Safety trends & Data
Platte County, Wyoming has seen a mixed bag in property crime rates over the past three years. While burglary incidents dropped from 5.0 in both 2018 and 2019 to 3.0 in 2020, motor vehicle thefts spiked significantly, reaching 10.0 in 2020. Larceny-theft remained relatively stable but peaked at 11.0 in the same year. Meanwhile, vandalism incidents rose slightly to 3.0 by 2019 and held steady, and fraud stayed minimal with just one incident each year. These shifts might affect property... Read more
Property Crime Trends in Platte County, WY Over the Last 3 Years
Platte County, Wyoming has experienced fluctuating property crime rates over the past three years, with notable trends that could influence various stakeholders. Burglary incidents have decreased from 5.0 in both 2018 and 2019 to 3.0 in 2020, while motor vehicle theft saw a significant increase, jumping from 3.0 and 2.0 in 2018 and 2019, respectively, to 10.0 in 2020. Larceny-theft has shown a relative stability, with slight variation, peaking at 11.0 in 2020. Vandalism incidents rose slightly to 3.0 by 2019 and remained steady in 2020. Interestingly, the presence of fraud stayed low with only a single incident noted in each year. These trends highlight a shift in crime types that may influence property investment decisions, insurance premiums, and community safety strategies.
Demographics
Platte County, Wyoming shows a near-even gender distribution, with a slight edge towards males. The educational attainment data appears to indicate a high number of high school graduates, while older adults, particularly those aged 55 to 74, seem to form a sizable portion of the population. Racially, the county is predominantly White, with a minimal presence of other races. These trends may suggest a mature, predominantly homogenous community that values high school-level... Read more
Race Distribution in Platte County, Wyoming (2022)
Educational Attainment in Platte County, Wyoming (2022)
Age Distribution in Platte County, Wyoming
Citizen Population in Platte County, Wyoming (2022)
Political Trends & Data
In Platte County, Wyoming, the real estate market trends might be influenced by its strong conservative leanings. With about 78.5% of the 2020 votes going to Republican candidates and just 17.9% to Democratic ones, alternative viewpoints could face challenges in this environment. This political landscape can often mirror specific community characteristics, potentially impacting factors like property values, development preferences, and neighborhood... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Platte County, Wyoming, Republican candidates seemingly dominated the 2020 U.S. Presidential election with about 78.5% of the vote, while Democratic candidates garnered approximately 17.9%. Libertarians and other minor parties had a minimal impact, capturing around 1.3% and 2.2% respectively. This pattern might reflect a strong conservative leaning within the county, suggesting that alternative viewpoints face significant challenges in gaining traction.
78.54% of voters voted for the Republican party in the 2020 Presidential Election
17.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.31% of voters voted for the Livertarian party in the 2020 Presidential Election
2.22% of voters voted for the Other party in the 2020 Presidential Election
School Data
Platte County, Wyoming boasts a student-to-teacher ratio averaging around 7:1, significantly lower than the national average of 14:1. This trend might influence decisions for investors and families considering relocation, as more individualized attention often suggests better educational outcomes. Additionally, this could be viewed favorably by appraisers and insurance agents, potentially enhancing property values and insurance terms in the... Read more
Student-to-teacher ratio in Platte County, Wyoming over the last 10 years
Over the last decade, Platte County, Wyoming has consistently maintained a notably low student-to-teacher ratio, averaging around seven students per teacher. This figure is significantly below the national average of fourteen students per teacher. This trend could impact decisions for potential investors, real estate agents, and families considering a move to the area, as a lower student-to-teacher ratio often suggests more individualized attention for students, potentially leading to better educational outcomes. Moreover, for appraisers and insurance agents, schools with low ratios may be viewed favorably, potentially enhancing property values and insurance considerations in the area.
