Sweetwater County Real Estate and Livability Trends
Sweetwater County, Wyoming, offers compelling real estate trends, with median home values rising from $190,900 in 2015 to $240,300 in 2022, suggesting a moderate but steady appreciation that could attract budget-conscious buyers. Residential energy tax credits surged significantly, hinting at a growing emphasis on energy efficiency, potentially enhancing property appeal. Average real estate taxes... Read more
Sweetwater County Market Trends
Sweetwater County, Wyoming, has witnessed a general increase in median home values from $190,900 in 2015 to $240,300 in 2022, showing a more moderate growth compared to the state's overall rise. This might make the area an attractive option for those seeking affordable real estate within Wyoming. Meanwhile, residential energy tax credits saw a significant surge from $222.45 in 2013 to $1,293.75... Read more
Median Value of Occupied Housing Units in Sweetwater County, Wyoming Over the Last 8 Years
Sweetwater County, Wyoming has seen its median home values generally increase over the past eight years, from $190,900 in 2015 to $240,300 in 2022. This upward trend contrasts with national median values, which grew from $125,500 to $179,400 over the same period. Compared to the state of Wyoming, where median home values moved from $194,800 to $269,900, Sweetwater County's growth has been more moderate. These trends might point to a slower but steady appreciation in home values within Sweetwater County, potentially making it an appealing option for those looking to invest in or move to a more affordable part of the state.
Residential Energy Tax Credit Per Tax Return in Sweetwater County, WY Over the Last 8 Years
Sweetwater County, Wyoming has seen a marked increase in residential energy tax credits per tax return over the last eight years, reflecting a growing investment in energy-efficient home improvements. From an average of around $222.45 in 2013, the credit rose significantly to about $1,293.75 by 2021. This trend suggests a greater awareness and adoption of energy-saving measures, which could be appealing to investors, new residents, and real estate professionals seeking areas with a proactive approach to sustainability. Homebuilders and insurance agents might find this shift particularly noteworthy as it impacts property values and long-term energy costs.
Average Real Estate Taxes Per Tax Return in Sweetwater County, WY Over the Last 10 Years
Sweetwater County, Wyoming, has seen a consistent rise in average real estate taxes per tax return over the last decade, starting at approximately $1,760.68 in 2012 and climbing to around $3,400.00 in 2021. This trend could reflect an increase in property values, local government revenue needs, or shifts in tax policy. For investors, this could imply growing property values and potential returns, while for residents and those looking to move, it's essential to consider how rising property taxes could impact affordability. Real estate agents, appraisers, and insurance agents might all note these increases when evaluating future market dynamics and advising clients.
Percentage of Farm Returns in Sweetwater County, WY Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Sweetwater County, Wyoming has fluctuated around 0.85% to 0.93%. Farm tax returns reflect the percentage of tax forms filed by farmers, indicating the agricultural activity and potential growth of the farming sector. This relative stability suggests a consistent presence of farming, albeit at a modest scale, which might be relevant for those looking to invest in agriculture or assess the viability of rural property developments in the county. The slight peaks and troughs hint at minor variations in the economic health or operational scale of farms within the area.
Number of Mortgages by Occupancy Type in Sweetwater County, WY Over the Last 5 Years in Sweetwater County
In Sweetwater County, Wyoming, the number of mortgages for principal residences has shown noticeable volatility over the past five years, peaking in 2021 at 2,452 before dropping sharply in 2022 to 1,303. Investment property mortgages have fluctuated less dramatically, generally hovering below 100 annually. Meanwhile, second residence mortgages have remained minimal, typically fewer than two dozen each year. Changes in occupancy type might matter because fluctuating demand for principal residences could indicate shifting population trends or economic factors affecting local housing markets. For those considering investing, these trends could imply varying levels of market stability and opportunity depending on the property type.
Economic Outlook
Sweetwater County, Wyoming, offers intriguing insights into the local economic resilience with average taxable income per tax return rising from $68,030.66 in 2013 to $74,433.16 in 2021. Despite some dips, the overall upward trend might hint at growth potential, a critical factor for investors and property developers. State and local income taxes here saw a noticeable peak at $4,642.86 in 2018, reflecting temporary shifts in tax burdens. Meanwhile, average total tax liability per tax return... Read more
Average Taxable Income per Tax Return in Sweetwater County, WY over the last 9 years
Sweetwater County, Wyoming has seen a fluctuating yet generally upward trend in average taxable income per tax return over the last nine years. Starting at around $68,030.66 in 2013, there was a noticeable increase peaking at $74,433.16 in 2021 despite various dips along the way. This trend may suggest an overall economic resilience and growth potential, making the county potentially attractive for investors, prospective residents, real estate agents, and those considering property development.
Average State and Local Income Taxes Per Tax Return in Sweetwater County, WY Over the Last 10 Years
Over the past decade, the average state and local income taxes per tax return in Sweetwater County, Wyoming have shown some fluctuations, with amounts typically ranging between $3,277.42 and $4,642.86. Notably, there was a visible peak in 2018 when the average reached $4,642.86, suggesting a temporary spike before slightly declining again. For those considering investments, relocations, or property developments in Sweetwater County, understanding these tax trends can provide insights into the economic climate and potential fiscal responsibilities in the region.
Average Total Tax Liability Per Tax Return in Sweetwater County, WY Over the Last 10 Years
Over the past decade, Sweetwater County, Wyoming has seen fluctuations in the average total tax liability per tax return, peaking around $12,184.00 in 2014 before dipping to approximately $10,079.00 in 2018. Despite these variations, the liability has mostly hovered between approximately $10,000.00 and $12,000.00. These trends are key for potential investors and property developers as they reflect economic changes and can help predict future tax burdens. For real estate agents, appraisers, and insurance agents, understanding these fluctuations can aid in making more informed decisions about property values and coverage.
Cost of Living in Sweetwater County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,216 | $1,448 | $2,879 | $1,383 | $1,257 |
| 1 adult 4 children | $1,216 | $1,182 | $2,228 | $1,383 | $1,350 |
| 2 adults 3 children | $1,216 | $1,183 | $2,485 | $1,383 | $1,006 |
| 1 adult 3 children | $1,216 | $966 | $1,834 | $1,383 | $1,083 |
| 2 adults 2 children | $891 | $968 | $2,091 | $1,202 | $809 |
| 1 adult 2 children | $891 | $723 | $1,440 | $1,202 | $746 |
| 2 adults 1 child | $891 | $765 | $1,698 | $614 | $729 |
| 1 adult 1 child | $891 | $494 | $1,046 | $614 | $584 |
| 2 adults | $789 | $615 | $1,304 | $0 | $636 |
| 1 adult | $772 | $335 | $652 | $0 | $526 |
Safety trends & Data
Sweetwater County, Wyoming has seen fluctuating property crime rates over the past five years, with spikes in 2019 and 2020. Larceny-theft cases peaked at 81 in 2019, while vandalism hit its highest in 2021 with 35 incidents. Burglary spiked in 2020 but dropped significantly to just 3 cases by 2022. These trends might influence investment decisions, real estate values, and insurance premiums, so potential investors and residents should carefully evaluate these factors when considering the... Read more
Property Crime Trends in Sweetwater County, WY Over the Last 5 Years
Sweetwater County, Wyoming has experienced fluctuating property crime rates over the past five years, with notable spikes in 2019 and 2020. The most common offenses are larceny-theft, peaking at 81 cases in 2019, and vandalism, which increased to its highest in 2021 with 35 incidents. While burglary saw a surge in 2020, the numbers dropped significantly to just 3 cases by 2022. This data suggests a varied property crime environment, which could impact investment decisions, real estate values, and insurance premiums. Potential investors and residents should consider these trends when evaluating the area for future opportunities.
Demographics
Sweetwater County, Wyoming, has a slightly higher male population compared to female. Educational attainment data suggests a predominant number of residents as high school graduates, but a significant portion has also pursued some college education. The age distribution seems balanced, with notable percentages in both the younger and older age brackets. The county's racial composition is predominantly white, with small representations of other races, underlying a relatively homogeneous... Read more
Race Distribution in Sweetwater County, Wyoming (2022)
Educational Attainment in Sweetwater County, Wyoming (2022)
Age Distribution in Sweetwater County, Wyoming
Citizen Population in Sweetwater County, Wyoming (2022)
Political Trends & Data
Sweetwater County, Wyoming, saw a notable skew towards the Republican side in the 2020 Presidential Election, with around 73% of the votes. This conservative lean could influence market dynamics, possibly favoring policies that support property rights and less stringent regulations. However, with Democrats securing about 23% of the votes, shifting political winds might still impact future real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sweetwater County, Wyoming, the 2020 Presidential Election results skewed significantly Republican, with approximately 73 percent of the votes. Democrats captured roughly 23 percent, while Libertarians and other minor parties garnered minimal support, with each hovering around 2 percent or less. The overwhelming Republican preference might suggest a strong conservative lean, though these figures could shift in future elections.
73.24% of voters voted for the Republican party in the 2020 Presidential Election
22.89% of voters voted for the Democrat party in the 2020 Presidential Election
2.10% of voters voted for the Livertarian party in the 2020 Presidential Election
1.77% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sweetwater County, Wyoming has maintained a student-to-teacher ratio consistently below the national average over the past decade, peaking at 10.89 in 2018 and reaching a low of 9.14 in 2022. This trend could indicate more personalized education, making the area more appealing to families. Moreover, a favorable student-to-teacher ratio might suggest stability in the local school system, which could be a strong attractor for long-term property investments and developments, potentially... Read more
Student-to-teacher ratio in Sweetwater County, Wyoming over the last 10 years
Over the past decade, Sweetwater County, Wyoming has consistently maintained a student-to-teacher ratio below the national average of fourteen students per teacher. Ratios have fluctuated slightly, peaking at 10.89 in 2018 and reaching a low of 9.14 in 2022. This trend may suggest a more personalized educational experience, which could be a draw for families considering relocation. From an investment perspective, a favorable student-to-teacher ratio might indicate stability in the local school system, potentially making the area attractive for long-term property investments and developments. Real estate agents, appraisers, and insurance agents might consider these ratios as indicators of the perceived quality of education, which often correlates with property values and community desirability.
