Miami County Real Estate and Livability Trends
Miami County, Kansas has seen a substantial uptick in average taxable income, escalating from $60,706.92 in 2013 to $87,418.90 by 2021, along with a significant rise in state and local income taxes, jumping from $6,147.62 in 2012 to $13,695.92 in 2021. Median home values have also steadily climbed, reaching $253,100 in 2022, suggesting potential for high returns on real estate investments. Energy... Read more
Miami County Market Trends
Miami County, Kansas has witnessed a steady increase in median home values over eight years, hitting $253,100 in 2022, well above the state and national medians. Real estate investments here could be lucrative given the upward trend. Notably, residential energy tax credits per return peaked at $4,316.67 in 2018 before settling at $2,271.43 in 2021, indicating a community focus on energy... Read more
Median Value of Occupied Housing Units in Miami County, Kansas Over the Last 8 Years
Miami County, Kansas has seen a steady increase in median home values over the past eight years, reaching $253,100 in 2022. This figure surpasses both the state median in Kansas at $189,300 and the national median of $179,400 for the same year. The local market's growth trajectory suggests that Miami County offers a potentially lucrative opportunity for real estate investors and prospective homeowners looking for value appreciation. The consistent rise in housing values reflects broader economic and possibly demographic shifts in the area.
Residential Energy Tax Credit Per Tax Return in Miami County, KS Over the Last 9 Years
Over the past nine years in Miami County, Kansas, there's been a notable fluctuation in the average residential energy tax credit per tax return. While starting at $527.78 in 2013, it saw a significant increase, hitting a peak of $4,316.67 in 2018 and fluctuating thereafter, with the latest value in 2021 at $2,271.43. This trend might suggest a growing investment in energy-efficient home improvements among residents, potentially influenced by policy changes, economic conditions, or increasing environmental consciousness. For potential investors or those considering property development, these figures could imply a community interested in sustainable living, possibly adding value to energy-efficient homes. Appraisers and insurance agents might see these trends as indicative of future valuation and risk profiles.
Average Real Estate Taxes Per Tax Return in Miami County, KS Over the Last 10 Years
Over the past decade, Miami County, Kansas has seen a notable rise in average real estate taxes per tax return, increasing from $3,146.69 in 2012 to $5,344.55 in 2021. This gradual but significant climb could suggest growing property values or increasing tax rates in the area. Both could be important considerations for potential investors and property developers, indicating a potentially appreciating market. Such trends might also influence insurance premiums and the overall cost of living, useful information for those looking to relocate or purchase property here. Real estate agents and appraisers may find these patterns indicative of broader economic shifts within the county.
Percentage of Farm Returns in Miami County, KS Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Miami County, Kansas, seems to show a gradual decrease from roughly 7.64% in 2012 to about 6.40% in 2021. Farm tax returns are essentially financial records submitted by farmers to the government, detailing their revenue and expenses to calculate their tax obligations. This subtle downward trend could suggest a shift in the local economy or demographics, which might be valuable for potential investors or residents. For those considering development or agricultural ventures, understanding these shifts may help in making informed decisions about property investments or business opportunities in the area.
Number of Mortgages by Occupancy Type in Miami County, KS Over the Last 5 Years in Miami County
Miami County, Kansas has seen a significant fluctuation in mortgages for principal residences over the past five years, peaking at 2,880 in 2020 and dropping to 1,608 in 2022. Investment property mortgages remained relatively stable, hovering around the 75 mark, while second residences varied minimally, never surpassing 23. These trends could indicate shifts in local housing demand, possibly affecting real estate market dynamics, property value assessments, and insurance risks. For investors and real estate agents, understanding these changes in housing patterns is crucial for making informed decisions.
Economic Outlook
Miami County, Kansas has experienced a significant rise in average taxable income per tax return, climbing from $60,706.92 in 2013 to $87,418.90 by 2021. This trend, coupled with an increase in average state and local income taxes, which saw a steep jump from $6,147.62 in 2012 to $13,695.92 in 2021, suggests robust economic growth. The fluctuation yet upward movement in total tax liabilities, peaking at $14,481.81 in 2021, further underscores the area's evolving financial landscape. These... Read more
Average Taxable Income per Tax Return in Miami County, KS over the last 9 years
Over the past nine years, Miami County, Kansas, has seen a notable rise in average taxable income per tax return, increasing from $60,706.92 in 2013 to $87,418.90 in 2021. This consistent upward trend could attract investors and prospective homebuyers, suggesting steady economic growth and potentially increasing property values. The jump, especially significant in the last few years, might be indicative of an improving job market or higher wage rates in the area.
Average State and Local Income Taxes Per Tax Return in Miami County, KS Over the Last 10 Years
Over the past decade, Miami County, Kansas has seen a notable increase in average state and local income taxes per tax return, rising sharply from $6,147.62 in 2012 to $13,695.92 in 2021. This upward trajectory suggests a significant growth in either incomes, tax rates, or both, presenting both a challenge and an opportunity for potential investors and residents. This trend reflects a broader economic activity and potentially increasing public services, which can influence decisions on investment, property development, and residency in the area.
Average Total Tax Liability Per Tax Return in Miami County, KS Over the Last 10 Years
Over the past decade, Miami County, Kansas has witnessed a variable yet generally increasing trend in average total tax liabilities per tax return. Starting at around $9,683.85 in 2012, the tax liability saw notable fluctuations but peaked at a significant $14,481.81 in 2021. Such trends might suggest rising income levels or changes in tax policies, making it crucial for potential investors, homebuyers, and current residents to consider both economic growth and tax implications when evaluating long-term financial decisions in the area.
Cost of Living in Miami County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,487 | $1,588 | $1,843 | $839 | $1,363 |
| 1 adult 4 children | $1,487 | $1,297 | $1,417 | $839 | $1,496 |
| 2 adults 3 children | $1,487 | $1,298 | $1,595 | $839 | $1,116 |
| 1 adult 3 children | $1,487 | $1,059 | $1,169 | $839 | $1,197 |
| 2 adults 2 children | $1,131 | $1,062 | $1,347 | $770 | $904 |
| 1 adult 2 children | $1,131 | $793 | $921 | $770 | $884 |
| 2 adults 1 child | $1,131 | $840 | $1,099 | $548 | $909 |
| 1 adult 1 child | $1,131 | $542 | $673 | $548 | $789 |
| 2 adults | $974 | $674 | $851 | $0 | $776 |
| 1 adult | $860 | $368 | $426 | $0 | $646 |
Safety trends & Data
Miami County, Kansas has faced fluctuating property crime rates over the past five years, with larceny-theft arrests notably rising to 23 in 2020 from just 4 in 2018. Vandalism arrests peaked at 17 in 2020 before declining to 10 in 2022. Though burglary and fraud arrests remained relatively low, their sporadic increases could influence property valuations and insurance costs. These trends could indicate a need for enhanced preventive measures or community programs for potential long-term... Read more
Property Crime Trends in Miami County, KS Over the Last 5 Years
Over the past five years, Miami County, Kansas saw fluctuating property crimes, with notable increases in larceny-theft and vandalism. Larceny-theft arrests spiked to 23 in 2020 from just 4 in 2018, suggesting a growing concern for investors and residents. Vandalism also saw higher numbers, peaking at 17 arrests in 2020 before declining to 10 in 2022. Burglary and fraud arrests remained relatively low in comparison but showed sporadic increases, potentially impacting property valuation and insurance rates. These trends might signal a need for stronger preventive measures or community programs for those considering long-term investments or residency.
Demographics
Miami County, Kansas shows a relatively balanced gender distribution with slightly more males than females. The educational attainment data might indicate that the county has a strong emphasis on high school education, with a significant number of residents holding at least a high school diploma or some college experience. The age distribution skews older, with the largest segments in the 55-64 years range, possibly affecting local economic trends toward retirement services and healthcare.... Read more
Race Distribution in Miami County, Kansas (2022)
Educational Attainment in Miami County, Kansas (2022)
Age Distribution in Miami County, Kansas
Citizen Population in Miami County, Kansas (2022)
Political Trends & Data
Miami County, Kansas, leans heavily Republican, with the GOP candidate securing around 69% of the vote in the 2020 Presidential Election. This conservative tilt could influence local real estate trends, potentially favoring suburban and exurban development given the party's traditional push for lower taxes and less... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Miami County, Kansas, the 2020 U.S. Presidential Election results showed a dominant preference for the Republican candidate, who garnered around 69% of the vote. The Democratic candidate trailed significantly with approximately 29%, and the Libertarian candidate captured just over 2%. This indicates a strong Republican leaning in the region, which might suggest that the political landscape here tends to favor conservative policies and candidates.
68.62% of voters voted for the Republican party in the 2020 Presidential Election
29.25% of voters voted for the Democrat party in the 2020 Presidential Election
2.13% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the last decade, Miami County, Kansas has had a student-to-teacher ratio around the national average of 14 students per teacher, but in 2021 it dipped to a low of 13 students. Recently, it bounced back up to approximately 16 students per teacher. This fluctuation could impact educational quality, a critical factor for potential residents and investors. Lower ratios might suggest more personalized attention, while higher ratios could indicate resource constraints or a burgeoning... Read more
Student-to-teacher ratio in Miami County, Kansas over the last 10 years
Over the last decade, Miami County, Kansas has generally had a student-to-teacher ratio that hovers around the national average of 14 students per teacher, with some fluctuations. Notably, the ratio dipped below the national average in 2021, reaching a low of 13 students per teacher, but it has since rebounded to approximately 16 students per teacher in recent years. This variability in class sizes could have implications for educational quality, which potential residents and investors might find relevant when evaluating local schools. Lower ratios often suggest more personalized attention for students, while higher ratios might indicate resource constraints or a growing population.
