Weston County Real Estate and Livability Trends
Weston County, Wyoming has seen median home values fluctuate significantly, bottoming out at $166,300.00 in 2019 before surging to $208,900.00 in 2022. This volatility could indicate shifting market dynamics or increased desirability, possibly drawing investor interest. Additionally, real estate taxes have doubled over the last decade to around $3,112.50 in 2020, which might reflect changing... Read more
Weston County Market Trends
Weston County, Wyoming has seen fluctuating median home values, bottoming out at $166,300 in 2019 before surging to $208,900 in 2022, a stark contrast to the steadier state and national growth rates. This volatility could signal shifting market dynamics or increased desirability, potentially drawing investor interest. Additionally, the average residential energy tax credit per tax return has... Read more
Median Value of Occupied Housing Units in Weston County, Wyoming Over the Last 8 Years
Weston County, Wyoming has experienced fluctuating median home values over the past eight years, hitting a low of $166,300 in 2019 before surging to $208,900 in 2022. This recent spike contrasts sharply with the steady rise seen at the state and national levels. While Wyoming's median home values climbed from $194,800 in 2015 to $269,900 in 2022, and the national average rose from $125,500 to $179,400 over the same period, Weston County's late-stage surge could signal shifting market dynamics or increased desirability. This volatility and recent growth may attract investors and potential homeowners eyeing emerging opportunities or capitalizing on market trends before they stabilize.
Residential Energy Tax Credit Per Tax Return in Weston County, WY Over the Last 5 Years
Weston County, Wyoming has seen a notable increase in the average residential energy tax credit per tax return over the last five years, peaking at $850.00 in 2021. This upward trend suggests a growing investment in energy-efficient home improvements by residents, making it an appealing factor for investors and potential homeowners considering property value and long-term energy savings. Appraisers and real estate agents could see this as a marker of both environmental consciousness and potential economic incentives for future residents. This can also be crucial information for insurance agents evaluating property risks and premiums related to energy-efficient installations.
Average Real Estate Taxes Per Tax Return in Weston County, WY Over the Last 10 Years
Over the last decade in Weston County, Wyoming, average real estate taxes per tax return have shown a noticeable upward trend, doubling from around $1,615.38 in 2012 to approximately $3,112.50 in 2020. These increases may reflect adjustments in property values, assessment practices, or local tax rates. The sharpest spikes were observed between 2016 and 2018, suggesting potential changes in local policy or demand dynamics. High spikes could implicate rising costs for homeowners and could be noteworthy for investors, insurance agents, and real estate professionals planning to operate in this area.
Percentage of Farm Returns in Weston County, WY Over the Last 10 Years
Weston County, Wyoming has seen variations in the percentage of farm tax returns over the last decade, fluctuating from around 7.12% in 2020 to a peak of approximately 8.41% in both 2017 and 2018. Farm tax returns, a key indicator often reflecting the health and productivity of the agricultural sector, matter for potential property investors and residents. Those interested in the long-term economic stability of Weston County might see these trends as critical, hinting at potential shifts in the local farming economy and consequently affecting property values and investment opportunities.
Number of Mortgages by Occupancy Type in Weston County, WY Over the Last 5 Years in Weston County
Over the last five years in Weston County, Wyoming, the mortgage landscape has shown fluctuations across different occupancy types. Principal Residences consistently dominate the market, peaking at 403 mortgages in 2021. Investment Properties and Second Residences account for significantly fewer mortgages, with slight variations but no notable surges. This trend could indicate a more stable, owner-occupied community rather than a transient or speculative one. For investors, real estate agents, and insurance agents, an emphasis on Principal Residences may point to a more predictable market with fewer risks associated with high vacancies or fluctuating rental demand.
Economic Outlook
Weston County, Wyoming has experienced an upward yet fluctuating trend in average taxable income per tax return over the past nine years, peaking at $69,350.32 in 2021. State and local income taxes per tax return have also varied, with a notable spike to $7,566.67 in 2013 and a more recent climb to $7,800.00 in 2019, indicating a trend towards higher taxation. The average total tax liability per tax return has presented significant fluctuations, peaking at $12,036.82 in 2015 and dipping to... Read more
Average Taxable Income per Tax Return in Weston County, WY over the last 9 years
Weston County, Wyoming has seen a generally upward yet fluctuating trend in average taxable income per tax return over the past nine years, peaking at $69,350.32 in 2021. This could indicate a growing economic resilience or increasing prosperity in the area despite some dips, such as in 2017 and 2020. Understanding these variations can provide insights to investors, real estate agents, and insurance agents regarding economic stability and growth potential in the county. For developers and those planning to build, these income trends may suggest a moderately affluent population capable of supporting new housing or commercial projects.
Average State and Local Income Taxes Per Tax Return in Weston County, WY Over the Last 6 Years
Over the past six years, Weston County, Wyoming has seen fluctuations in average state and local income taxes per tax return. In 2012, residents paid around $5,875.00, which then spiked to approximately $7,566.67 in 2013 before dipping to $4,300.00 in 2016. By 2019, the figure hit $7,800.00, suggesting a general trend towards higher taxation. These changes are important for potential investors, property developers, and real estate agents to consider, as varying tax rates could impact financial planning, property values, and overall cost of living in Weston County.
Average Total Tax Liability Per Tax Return in Weston County, WY Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Weston County, Wyoming has shown notable fluctuations. After peaking at $12,036.82 in 2015, there was a decline to a low of $8,484.48 in 2018, before seeing a modest recovery to $10,249.41 in 2021. These shifts might suggest variability in local economic conditions or changes in tax policy affecting residents. This pattern can be crucial for investors, real estate agents, and appraisers when considering the economic stability and tax climate of the area.
Cost of Living in Weston County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,187 | $1,500 | $2,879 | $1,261 | $1,336 |
| 1 adult 4 children | $1,187 | $1,225 | $2,228 | $1,261 | $1,430 |
| 2 adults 3 children | $1,187 | $1,225 | $2,485 | $1,261 | $1,063 |
| 1 adult 3 children | $1,187 | $1,000 | $1,834 | $1,261 | $1,124 |
| 2 adults 2 children | $975 | $1,003 | $2,091 | $1,096 | $879 |
| 1 adult 2 children | $975 | $749 | $1,440 | $1,096 | $851 |
| 2 adults 1 child | $975 | $793 | $1,698 | $559 | $798 |
| 1 adult 1 child | $975 | $512 | $1,046 | $559 | $657 |
| 2 adults | $741 | $637 | $1,304 | $0 | $669 |
| 1 adult | $736 | $347 | $652 | $0 | $535 |
Safety trends & Data
Weston County, Wyoming's property crime trends over the past five years reveal fluctuating patterns that could potentially impact real estate values and insurance premiums. Larceny-theft incidents peaked at 19.00 in 2018 and then dropped to 6.00 in 2021, while vandalism hit a high of 7.00 in 2022. Additionally, burglary remained fairly stable, and new crime categories like forgery appeared sporadically. This evolving crime landscape might influence investment opportunities, making it essential... Read more
Property Crime Trends in Weston County, WY Over the Last 5 Years
Property crime trends in Weston County, Wyoming over the last five years show some interesting patterns. While incidents of larceny-theft have generally fluctuated, peaking at 19.0 in 2018 and then dropping to 6.0 in 2021, vandalism also saw varying numbers with a high of 7.0 in 2022. Burglary remained relatively low and stable, car theft fluctuated slightly, and new categories like forgery appeared sporadically. This evolving landscape could affect real estate values, insurance premiums, and investment opportunities, making it crucial for potential investors and residents to stay abreast of these trends.
Demographics
Weston County, Wyoming, shows some intriguing demographic patterns, including a higher proportion of male adults compared to females. The educational landscape leans heavily towards those with a high school diploma or some college, potentially influencing the local job market. Age distribution indicates a noticeable concentration of residents in the 35 to 64-year bracket, suggesting a sizable working-age population. Racially, the county is overwhelmingly White, which could impact cultural and... Read more
Race Distribution in Weston County, Wyoming (2022)
Educational Attainment in Weston County, Wyoming (2022)
Age Distribution in Weston County, Wyoming
Citizen Population in Weston County, Wyoming (2022)
Political Trends & Data
In Weston County, Wyoming, the 2020 U.S. Presidential Election results indicate a robust Republican preference, with the party capturing roughly 87% of the vote. Democrats received about 10%, and Libertarian and other parties had minimal impact at just over 1% each. These conservative leanings might influence aspects like property values and development trends, potentially attracting like-minded buyers and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Weston County, Wyoming, the 2020 U.S. Presidential Election results suggest a significant Republican preference, capturing roughly 87% of the vote. Democrats, by contrast, garnered about 10%, with minimal support for Libertarian and other parties at just over 1% each. These numbers could imply strong conservative leanings within the county, shaping its political landscape and voter priorities.
87.28% of voters voted for the Republican party in the 2020 Presidential Election
10.11% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
1.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Weston County, Wyoming has seen its student-to-teacher ratio rise dramatically from around nine to ten in 2014-2021 to nearly fifteen in 2022, and twenty by 2023. Compared to the national average of fourteen students per teacher, this sharp increase could impact real estate values and educational quality, potentially swaying investment decisions and affecting the area's appeal to new... Read more
Student-to-teacher ratio in Weston County, Wyoming over the last 10 years
Weston County, Wyoming has experienced a noticeable shift in their student-to-teacher ratio over the past decade. From a stable range around nine to ten students per teacher from 2014 to 2021, the ratio sharply increased to almost fifteen in 2022, and dramatically ballooned to twenty by 2023. Comparatively, the national average sits at around fourteen students per teacher, making this recent escalation in Weston County significantly higher. Such changes could potentially influence investment decisions, real estate values, and educational quality, which are critical factors for investors and new residents considering this area.
