Sublette County Real Estate and Livability Trends
Sublette County, Wyoming's real estate market displays notable volatility in both income levels and tax liabilities, with average taxable incomes rebounding from $73,146.44 in 2016 to $94,098.17 in 2021, yet state and local income taxes nearly doubled over the last decade. Median home values surged from $275,600 in 2015 to $339,400 in 2022, surpassing state and national trends. Residential energy... Read more
Sublette County Market Trends
Sublette County, Wyoming, has seen its median home values rise significantly from $275,600 in 2015 to $339,400 in 2022, outpacing both state and national averages. The noticeable peak in residential energy tax credits at $1,700.00 in 2021 suggests a strong local push for energy-efficient home improvements. Real estate taxes have fluctuated dramatically, peaking at $4,507.69 in 2019 before... Read more
Median Value of Occupied Housing Units in Sublette County, Wyoming Over the Last 8 Years
Over the past eight years, Sublette County, Wyoming has seen its median home values change quite dynamically, with values rising from $275,600 in 2015 to a significant $339,400 in 2022. This places the county's housing market well above both the state of Wyoming's values, which increased from $194,800 to $269,900, and the national figures, which saw homes progress from $125,500 to $179,400 in the same period. For real estate investors and potential homebuyers, Sublette County’s housing market might seem particularly worthwhile given its relatively higher valuation trajectory compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Sublette County, WY Over the Last 8 Years
Sublette County, Wyoming has seen fluctuations in its residential energy tax credit per tax return over the last eight years, peaking dramatically at $1,700.00 in 2021. This substantial increase might indicate a growing investment in energy-efficient home improvements or incentives in that particular year. Historically, the value ranged between $250.00 and $333.33, with notable spikes in 2017 and 2019. These trends could be of interest to investors, property developers, and real estate agents considering the rising focus on energy efficiency in residential properties.
Average Real Estate Taxes Per Tax Return in Sublette County, WY Over the Last 10 Years
Over the last decade, Sublette County, Wyoming has seen significant fluctuations in average real estate taxes per tax return. Starting at $2,176.92 in 2012, there was a sharp increase, particularly notable from 2016 onward, peaking at $4,507.69 in 2019 before stabilizing around $4,290.91 by 2021. This volatility may reflect broader economic conditions or localized shifts in property valuations and tax policies. Investors, appraisers, and prospective homeowners should monitor these trends closely as they could impact long-term investment returns and real estate market stability.
Percentage of Farm Returns in Sublette County, WY Over the Last 10 Years
Sublette County, Wyoming has seen its farm returns hover around the modest 5.04% to 5.87% range over the last decade. Farm tax returns, representing the percentage of taxes filed from farming-related income, indicate the region's agricultural contribution to the local economy. Potential investors or those looking to relocate might find the steady yet unremarkable fluctuations in these figures suggest a stable, albeit not rapidly growing, agricultural sector. This might appeal to individuals seeking a consistent, rural lifestyle with reliable, if not booming, economic activity linked to farming.
Number of Mortgages by Occupancy Type in Sublette County, WY Over the Last 5 Years in Sublette County
Sublette County, Wyoming has seen noticeable shifts in mortgage counts over the past five years, with principal residences consistently leading, peaking at 733 in 2021. Investment properties have wavered, significantly declining from 43 in 2020 to just 23 in 2022, while second residences saw a slight decrease from 63 in 2020 to 21 in 2022. These changes suggest shifting residential priorities and potential fluctuations in the local real estate market. For investors, a decrease in investment property mortgages might indicate less demand or higher barriers to entry, while those looking to move might find more flexibility in the types of housing available. Real estate agents, appraisers, and insurance agents should be keenly aware of these trends to better tailor their services and strategies to the evolving market dynamics in Sublette County.
Economic Outlook
Sublette County, Wyoming has experienced significant fluctuations in average taxable income per tax return, peaking at $93,609.86 in 2014 before dipping to $73,146.44 in 2016 and rebounding to $94,098.17 in 2021. The erratic pattern in state and local income taxes, jumping from $5,660.00 in 2012 to $12,820.00 by 2020, hints at a potentially volatile tax environment. This could impact real estate investment decisions, as such variability in tax liabilities and income might affect property values... Read more
Average Taxable Income per Tax Return in Sublette County, WY over the last 9 years
Sublette County, Wyoming has experienced notable fluctuations in average taxable income per tax return over the past nine years. From reaching a peak of $93,609.86 in 2014, income dropped significantly to $73,146.44 in 2016. However, recent years show a recovery trend, culminating in $94,098.17 in 2021. These income trends might be reflective of economic shifts, making the county an area of interest for those gauging investment potential, housing market health, and financial forecasting.
Average State and Local Income Taxes Per Tax Return in Sublette County, WY Over the Last 10 Years
Sublette County, Wyoming has seen fluctuating trends in state and local income taxes per tax return over the past decade, peaking significantly in recent years. From 2012's average of $5,660.00, there was an unexpected hike to $12,820.00 by 2020. These variations indicate a possibly volatile tax environment, which might interest investors and homeowners looking to predict future tax liabilities. Such fluctuations could impact decisions on property investments, real estate appraisals, and insurance premiums in the region. Understanding the tax landscape here is crucial for those evaluating long-term financial commitments or property ventures.
Average Total Tax Liability Per Tax Return in Sublette County, WY Over the Last 10 Years
Sublette County, Wyoming has seen notable fluctuations in its average total tax liability per tax return over the past decade. Highs were observed in 2013 and 2014 with amounts near $20,000.00 per return, followed by a significant dip in 2016 to around $13,161.75. This variability might affect financial planning or investment strategies for both current and prospective residents. A critical point for real estate agents and appraisers is to note the potential impact on property values as residents' tax liabilities could influence purchasing power. Insurance agents might also consider how these trends impact the overall financial health of the county's populace.
Cost of Living in Sublette County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,192 | $1,492 | $2,879 | $1,604 | $1,461 |
| 1 adult 4 children | $1,192 | $1,218 | $2,228 | $1,604 | $1,565 |
| 2 adults 3 children | $1,192 | $1,219 | $2,485 | $1,604 | $1,184 |
| 1 adult 3 children | $1,192 | $995 | $1,834 | $1,604 | $1,292 |
| 2 adults 2 children | $839 | $998 | $2,091 | $1,394 | $943 |
| 1 adult 2 children | $839 | $745 | $1,440 | $1,394 | $911 |
| 2 adults 1 child | $839 | $789 | $1,698 | $712 | $804 |
| 1 adult 1 child | $839 | $509 | $1,046 | $712 | $671 |
| 2 adults | $655 | $633 | $1,304 | $0 | $662 |
| 1 adult | $651 | $346 | $652 | $0 | $544 |
Safety trends & Data
Sublette County, Wyoming has seen fluctuating trends in property crime over the last five years, with larceny-theft cases generally hovering around 1-3 annually and burglaries steady at 1-2 per year. Motor vehicle theft spiked in 2020 but then declined, while new categories like vandalism and arson emerged in 2021 and 2022. These evolving crime patterns potentially impact property values, insurance premiums, and community safety, making them critical for investors, real estate agents, and... Read more
Property Crime Trends in Sublette County, WY Over the Last 5 Years
Sublette County, Wyoming has seen fluctuating trends in property crime over the last five years. Larceny-theft instances have generally hovered around 1-3 cases annually, while burglaries remained steady at 1-2 cases per year. Motor vehicle theft spiked in 2020 with three reported incidents but dropped off again afterward. New categories such as vandalism and arson appeared in 2021 and 2022 respectively, indicating a potential shift in criminal activity. This evolving crime landscape matters for investors, real estate agents, and residents as it impacts property values, insurance premiums, and community safety.
Demographics
In Sublette County, Wyoming, the adult population leans slightly male, with 3,461 men compared to 3,186 women. Educational attainment skews towards high school graduates and those with some college but no degree, suggesting a workforce with foundational education but potentially lacking higher-degree qualifications. The age demographics reveal a balanced spread across age groups, though there is a notable population of individuals in their 35 to 64-year range, hinting at a community with a... Read more
Race Distribution in Sublette County, Wyoming (2022)
Educational Attainment in Sublette County, Wyoming (2022)
Age Distribution in Sublette County, Wyoming
Citizen Population in Sublette County, Wyoming (2022)
Political Trends & Data
In Sublette County, Wyoming, the overwhelming preference for Republican candidates might shape the local real estate market by influencing community values and development priorities. With approximately 80% of votes leaning Republican, the area likely prioritizes conservative policies on property rights and taxation, potentially attracting like-minded buyers. The minimal impact of minor parties and the Democratic party, which secure around 18%, suggests that existing property owners and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sublette County in Wyoming may show an overwhelming preference for Republican candidates, with nearly 80% of the vote potentially going their way. Democrats trail significantly, capturing only about 18%, which could signal a deeply entrenched political leaning. Minor parties like Libertarian and Other barely make a dent, suggesting a two-party dominance that's tough to penetrate.
79.14% of voters voted for the Republican party in the 2020 Presidential Election
17.64% of voters voted for the Democrat party in the 2020 Presidential Election
1.42% of voters voted for the Livertarian party in the 2020 Presidential Election
1.80% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sublette County, Wyoming, boasts a student-to-teacher ratio consistently lower than the national average of 14, peaking at just over 12 in 2020 and dropping to 10.81 in 2023. This trend suggests a more personalized educational experience, which could attract families focused on quality education. For real estate professionals and investors, this could signal stronger property values and increased community appeal. Additionally, appraisers and insurance agents might find these educational... Read more
Student-to-teacher ratio in Sublette County, Wyoming over the last 10 years
Over the last decade in Sublette County, Wyoming, the student-to-teacher ratio has fluctuated but generally remained lower than the national average of 14 students per teacher. Notably, the ratio peaked in 2020 at just over 12 students per teacher but has since declined to 10.81 in 2023. This relatively low student-to-teacher ratio suggests a potentially more personalized educational experience for students, which could attract families prioritizing education. For investors, real estate agents, and those considering a move, this factor could signal a strong local education system, potentially boosting property values and community appeal. Moreover, for appraisers and insurance agents, understanding these trends might impact risk assessments and valuation models linked to school quality and neighborhood desirability.
