Sheridan County Real Estate and Livability Trends
Sheridan County, Wyoming, has seen average taxable incomes peak at $97,155.72 in 2021 after a 2016 low, suggesting potential real estate investment returns. Median home values have surged from $228,000 in 2015 to $342,400 in 2022, surpassing state and national averages, highlighting growth and stability. Property and energy tax credits indicate significant investments in energy-efficient... Read more
Sheridan County Market Trends
Sheridan County, Wyoming, has seen notable shifts in median home values, stretching from $228,000 in 2015 to $342,400 in 2022, outpacing state and national averages. This upward trend offers intriguing opportunities for investors and homeowners eyeing growth and stability in property values. The area's residential energy tax credits reveal significant investments in energy-efficient upgrades,... Read more
Median Value of Occupied Housing Units in Sheridan County, Wyoming Over the Last 8 Years
Sheridan County, Wyoming, has seen its median home values rise from $228,000 in 2015 to $342,400 in 2022, consistently outpacing both the state and national averages. This trend presents compelling insights for potential investors and homeowners, as Wyoming's median home values increased from $194,800 to $269,900 and national figures moved from $125,500 to $179,400 over the same period. The local growth trajectory suggests a potentially lucrative environment for growth and stability in property values, especially when compared to broader national figures.
Residential Energy Tax Credit Per Tax Return in Sheridan County, WY Over the Last 9 Years
Sheridan County, Wyoming has seen a fluctuating trend in the average residential energy tax credit per tax return over the past nine years. Noteworthy spikes occurred in 2015 and 2018, with 2018's jump reaching $2,900.00, potentially indicating significant investments in energy-efficient upgrades by residents that year. The subsequent years, 2019 through 2021, showed credits stabilizing around the $800.00-$900.00 range. This data might suggest growing awareness and adoption of energy-saving measures among homeowners, making it a critical factor for potential investors, real estate agents, and appraisers to consider.
Average Real Estate Taxes Per Tax Return in Sheridan County, WY Over the Last 10 Years
Over the past decade, Sheridan County, Wyoming has seen a noticeable rise in average real estate taxes per tax return, starting from $2,446.92 in 2012 and escalating to $5,425.30 by 2021. This trend could indicate increasing property values or changes in local tax policies, aspects highly relevant for potential investors and real estate agents. The sharp spike in taxes around 2018-2020 might reflect significant market shifts or development projects in the area, which could be a point of interest for appraisers and property builders. This ongoing increase in real estate taxes is also crucial for insurance agents to consider when calculating premiums and for potential residents evaluating the long-term cost of homeownership in Sheridan County.
Percentage of Farm Returns in Sheridan County, WY Over the Last 10 Years
Farm tax returns in Sheridan County, Wyoming, over the past decade have shown a consistent presence, hovering between 3.54% and 4.05% of total returns filed each year. Despite minor annual fluctuations, the percentage has remained relatively stable, suggesting a persistent agricultural sector. For those considering investment or relocation, this consistency highlights a robust farming community, indicating potential stability and opportunities in the local agricultural economy.
Number of Mortgages by Occupancy Type in Sheridan County, WY Over the Last 5 Years in Sheridan County
Over the past five years, Sheridan County, Wyoming has seen shifts in the number of mortgages distributed across different occupancy types. Principal residences consistently dominate the market, but there was a noticeable decrease in new principal residence mortgages from 2021 to 2022. Investment property mortgages showed a slight upward trend until 2020 but then faced a substantial decline by 2022. Second residence mortgages have been relatively low and steady with slight fluctuations. Such changes in occupancy types can signal varying demand and investment climates, impacting decisions for real estate agents, property developers, and investors looking to capitalize on an evolving market. Appraisers and insurance agents might also find these trends influential when assessing property values and risks.
Economic Outlook
Sheridan County, Wyoming has experienced notable economic shifts, with average taxable incomes peaking in 2021 at $97,155.72 after a 2016 low. This economic resilience suggests potentially lucrative prospects for real estate investors and developers eyeing the region. However, with state and local income taxes fluctuating significantly, particularly spiking to $22,860.00 in 2021, stakeholders like appraisers and insurance agents should consider the implications of these trends on property... Read more
Average Taxable Income per Tax Return in Sheridan County, WY over the last 9 years
Sheridan County, Wyoming has seen fluctuating average taxable incomes over the past nine years, with notable peaks in 2014 at $81,854.82 and a significant rise in 2021 reaching $97,155.72. There's a trend of recovery and growth post-2016 dip, suggesting resilient economic development. This could signal promising opportunities for real estate investors and developers eyeing the area for new projects, given the potential for a financially stable local population. Appraisers and insurance agents might also note the implications for property valuations and risk assessments in a financially ascending market.
Average State and Local Income Taxes Per Tax Return in Sheridan County, WY Over the Last 10 Years
Sheridan County, Wyoming has seen considerable fluctuations in average state and local income taxes per tax return over the past decade. Starting at around $6,518.18 in 2012, taxes peaked dramatically in recent years, reaching $22,860.00 in 2021. There were significant jumps in specific years, notably in 2014 and 2016. Such volatility in taxes could impact decisions related to investments, property development, and insurance, making it essential for stakeholders to closely monitor these trends.
Average Total Tax Liability Per Tax Return in Sheridan County, WY Over the Last 10 Years
The average total tax liability per tax return in Sheridan County, Wyoming has shown noticeable fluctuations over the past decade. Starting at approximately $12,128.96 in 2012 and dipping slightly in 2013, there was a considerable spike in 2014 to $15,675.69. Since then, there have been varying increases and decreases, with a notable peak in 2021 at $17,908.68. While the figures generally trend upwards, they also reflect some volatility, which could influence decisions related to investments, moving plans, appraisals, insurance, or property development in the area.
Cost of Living in Sheridan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,217 | $1,516 | $2,879 | $1,479 | $1,301 |
| 1 adult 4 children | $1,217 | $1,238 | $2,228 | $1,479 | $1,363 |
| 2 adults 3 children | $1,217 | $1,239 | $2,485 | $1,479 | $1,017 |
| 1 adult 3 children | $1,217 | $1,011 | $1,834 | $1,479 | $1,090 |
| 2 adults 2 children | $963 | $1,014 | $2,091 | $1,285 | $838 |
| 1 adult 2 children | $963 | $757 | $1,440 | $1,285 | $797 |
| 2 adults 1 child | $963 | $801 | $1,698 | $655 | $752 |
| 1 adult 1 child | $963 | $518 | $1,046 | $655 | $601 |
| 2 adults | $762 | $644 | $1,304 | $0 | $620 |
| 1 adult | $736 | $351 | $652 | $0 | $493 |
Safety trends & Data
Sheridan County, Wyoming has experienced variable property crime trends over the past five years. Larceny-theft incidents peaked at 110 in 2019 but declined to 75 by 2022. Burglary saw a sharp decrease from 22 cases in 2018 to just 2 in 2021, hinting at improved security measures. Vandalism spiked to 42 cases in 2022, while motor vehicle thefts remained relatively steady in the single digits. Fraud surged in 2020 before tapering off. These fluctuations could be vital for potential investors,... Read more
Property Crime Trends in Sheridan County, WY Over the Last 5 Years
Property crime in Sheridan County, Wyoming has shown fluctuating patterns over the last five years, with larceny-theft consistently being the most frequent offense, peaking at 110 incidents in 2019 before declining to 75 in 2022. Burglary incidents saw a notable decrease from 22 in 2018 to just 2 in 2021, reflecting a potential improvement in preventive measures. Vandalism cases varied significantly, spiking to 42 in 2022. While motor vehicle thefts stayed relatively low, remaining around the single digits, incidents of fraud surged in 2020 before dropping again. This ebb and flow in different crime categories suggest a dynamic landscape, crucial for potential investors, real estate agents, and residents to monitor closely.
Demographics
Sheridan County, Wyoming shows a slightly balanced gender ratio with 12,117 males to 11,983 females. Educational attainment is diverse but noticeably, a significant portion of adults finished high school without pursuing further education. The largest age groups fall within the ranges of 35 to 44 and 55 to 64 years, indicating a potentially mature population skew. Racially, Sheridan County appears predominantly White, with other groups comprising a small fraction of the overall... Read more
Race Distribution in Sheridan County, Wyoming (2022)
Educational Attainment in Sheridan County, Wyoming (2022)
Age Distribution in Sheridan County, Wyoming
Citizen Population in Sheridan County, Wyoming (2022)
Political Trends & Data
Sheridan County in Wyoming leans heavily Republican, as shown by the 71.6% vote share in the 2020 Presidential Election, compared to 24.4% for Democrats. Minor parties, like the Libertarians, gathered roughly 2% each, revealing a fairly polarized political climate. These tendencies might reflect the county's broader ideological leanings, potentially influencing local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sheridan County in Wyoming tends to lean significantly Republican, with approximately 71.6% of the vote in the 2020 U.S. Presidential Election. Democrats garnered around 24.4% of the county’s votes, suggesting a rather pronounced partisan divide. Minor parties, such as the Libertarians and others, attracted marginal support, each hovering around 2%. These voting patterns can offer insights into the political landscape and prevailing ideologies within Sheridan County.
71.58% of voters voted for the Republican party in the 2020 Presidential Election
24.43% of voters voted for the Democrat party in the 2020 Presidential Election
2.05% of voters voted for the Livertarian party in the 2020 Presidential Election
1.94% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sheridan County, Wyoming, has experienced a steady rise in student-to-teacher ratios over the past decade, growing from 8 students per teacher in 2014 to over 11 students per teacher by 2023. While still below the national average, this trend could affect classroom sizes and individualized attention, impacting property values and the appeal of local schools. Appraisers and insurance agents may also factor in these changes, as they could influence community stability and growth, with potential... Read more
Student-to-teacher ratio in Sheridan County, Wyoming over the last 10 years
Over the past decade, Sheridan County, Wyoming, has seen fluctuating student-to-teacher ratios, with a noticeable increase from 8 students per teacher in 2014 to over 11 students per teacher by 2023. While still well below the national average of 14 students per teacher, this upward trend may indicate potential implications for classroom sizes and individualized attention. For those considering investment, residency, or educational initiatives in the area, understanding these dynamics could be crucial. Larger student-to-teacher ratios might influence property values and the desirability of local schools, potentially affecting both residential and commercial real estate markets. Appraisers and insurance agents might also consider these trends as they can impact community stability and growth.
