Rice County Real Estate and Livability Trends
Rice County, Kansas is a potentially undervalued real estate market, with median home values rising from $74,700 in 2019 to $87,700 in 2022, offering affordability compared to state and national medians. Property crime remains notably low, with minimal burglary and motor vehicle theft incidents, influencing positive perceptions of safety. Financial trends show fluctuations in taxable income and... Read more
Rice County Market Trends
The median value of occupied housing units in Rice County, Kansas has shown a steady rise over the last eight years, jumping from $74,700 in 2019 to $87,700 in 2022, which is significantly lower than the state and national medians. This suggests a potentially undervalued market, presenting opportunities for more affordable living or investment. Additionally, the residential energy tax credit has... Read more
Median Value of Occupied Housing Units in Rice County, Kansas Over the Last 8 Years
The median value of occupied housing units in Rice County, Kansas over the last eight years has shown a gradual increase, especially notable from 2020 onward when values jumped from $74,700 in 2019 to $87,700 in 2022. This is still significantly lower than both the state median in Kansas at $189,300 and the national median of $179,400 in 2022. For potential investors or those looking to move to Rice County, this discrepancy indicates a potentially undervalued market, especially given the recent uptick in property values. This could mean opportunities for more affordable living or investment compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Rice County, KS Over the Last 7 Years
Investors, real estate agents, and those considering a move to Rice County, Kansas, might find it intriguing that the residential energy tax credit per tax return has demonstrated notable fluctuations over the past seven years. In 2015, there was a significant peak reaching $562.50, followed by a dip, and then a dramatic rise to $700.00 by 2021. Such trends could indicate growing incentives or increased adoption of energy-efficient home improvements, potentially impacting property values and energy savings. This shifting landscape might be particularly relevant for builders and appraisers considering energy-efficient certifications and their financial benefits.
Average Real Estate Taxes Per Tax Return in Rice County, KS Over the Last 10 Years
Over the past decade in Rice County, Kansas, there's been a noticeable upward trend in average real estate taxes per tax return. Starting at just over $2,100 in 2012, these taxes have steadily climbed to around $3,730 by 2021. This gradual increase could be of interest to potential investors, homeowners, and real estate professionals, indicating potentially rising property values and increasing annual costs associated with property ownership. Those considering moving to or investing in the county should factor these trends into their financial planning.
Percentage of Farm Returns in Rice County, KS Over the Last 10 Years
Over the past decade in Rice County, Kansas, the percentage of farm tax returns has generally hovered around 9% with some slight variations. The peak was in 2013 at 9.43% and saw a drop to the lowest point in 2021 at about 8.19%. These fluctuations in farm tax returns perhaps indicate changes in farming activity, economic conditions, or shifts in the agricultural landscape of the county. For investors and residents, these trends might reflect broader economic health and stability of the local farming sector, which could be crucial for land value and future development.
Number of Mortgages by Occupancy Type in Rice County, KS Over the Last 5 Years in Rice County
In Rice County, Kansas, over the past five years, there's been noticeable fluctuation in the number of mortgages across different occupancy types. The predominant shift appears in principal residences, spiking from 93 in 2018 to 218 in 2021, before settling at 126 in 2022. Investment properties and second residences, however, have shown relatively minor changes, with counts mostly remaining in low single digits. Such trends could signal shifts in housing demands or economic conditions impacting primary home purchases more significantly. Understanding these dynamics helps investors and real estate professionals gauge market stability, potential risks, and opportunities. For appraisers and insurance agents, these trends assist in assessing property values and risk profiles.
Economic Outlook
Rice County, Kansas has experienced considerable fluctuations in average taxable income, notably peaking at $61,601.94 in 2021. Despite a dip from 2013 to 2016, the gradual income recovery points to possible economic improvements. Taxable income variations and state and local tax trends, which saw a recovery to $7,277.78 in 2021, are of significant interest. The total tax liability per tax return also showed a peak of $9,718.77 in 2013 and a low of $6,263.86 in 2018. These financial trends... Read more
Average Taxable Income per Tax Return in Rice County, KS over the last 9 years
Rice County, Kansas has seen fluctuations in average taxable income per tax return over the last nine years, peaking at $61,601.94 in 2021. After a decline from 2013 to 2016, income levels began a gradual recovery, suggesting potential economic improvements. This data could interest investors looking for signs of growth, new residents evaluating local economic stability, appraisers, and insurance agents assessing risk. Real estate professionals might also find the upward trend notable when considering market health and property values.
Average State and Local Income Taxes Per Tax Return in Rice County, KS Over the Last 10 Years
Over the last decade, Rice County, Kansas has seen notable fluctuations in average state and local income taxes per tax return, peaking in 2013 at $7,250.00 and dropping to a low of $4,470.45 in 2016. Remarkably, the recent resurgence to $7,277.78 in 2021 suggests a rebound in economic activity or shifts in tax policy. This ebb and flow offers crucial insights for prospective investors and residents, as it reflects broader economic trends and potential tax burdens in the county.
Average Total Tax Liability Per Tax Return in Rice County, KS Over the Last 10 Years
Over the last decade, Rice County, Kansas has seen fluctuations in average total tax liability per tax return, peaking in 2013 at $9718.77 and dipping to a low in 2018 at $6263.86. These variations may reflect broader economic trends and local economic conditions, impacting potential investors' and residents' financial planning. For those looking to build property or move to the area, understanding these tax liability trends could be crucial for long-term financial strategy.
Cost of Living in Rice County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,120 | $1,412 | $1,857 | $966 | $1,140 |
| 1 adult 4 children | $1,120 | $1,153 | $1,419 | $966 | $1,251 |
| 2 adults 3 children | $1,120 | $1,153 | $1,611 | $966 | $918 |
| 1 adult 3 children | $1,120 | $941 | $1,174 | $966 | $1,005 |
| 2 adults 2 children | $788 | $944 | $1,365 | $837 | $772 |
| 1 adult 2 children | $788 | $705 | $928 | $837 | $718 |
| 2 adults 1 child | $788 | $746 | $1,120 | $419 | $735 |
| 1 adult 1 child | $788 | $482 | $683 | $419 | $606 |
| 2 adults | $663 | $599 | $874 | $0 | $641 |
| 1 adult | $584 | $327 | $437 | $0 | $550 |
Safety trends & Data
Rice County, Kansas shows varied property crime trends over the last five years. Burglary incidents stayed low, with about 1 to 2 cases annually. Larceny-theft peaked at 3 cases in both 2018 and 2022, suggesting occasional spikes. Vandalism increased in 2020 with 3 incidents, highlighting some concern. Motor vehicle theft, fraud, and other property crimes remained minimal. This data is crucial for investors, insurers, and real estate agents as it can influence property values and local safety... Read more
Property Crime Trends in Rice County, KS Over the Last 5 Years
Rice County, Kansas has seen fluctuating trends in various property crimes over the last five years. Burglary incidents remained steady but low, with around 1 to 2 cases each year. Larceny-theft experienced minor fluctuations, peaking at 3 cases in 2018 and 2022, indicating occasional spikes. Vandalism showed a noticeable uptick in 2020 with 3 incidents, reflecting a potential area of concern. Occurrences of crimes like motor vehicle theft, fraud, and other property-related offenses remained relatively minimal. This information is key for stakeholders such as investors, insurers, and real estate agents considering operations within Rice County, as it provides a snapshot of the region’s crime dynamics that may influence property values and local safety perceptions.
Demographics
Rice County, Kansas, shows a slightly higher male population than female with a near balance that could impact community dynamics. Educational attainment leans heavily towards high school graduates and those with some college education, suggesting a workforce with foundational skills but a moderate portion with advanced degrees. Age distribution highlights significant proportions of both younger populations under 10 years and older residents 55 and older, indicating diverse service and... Read more
Race Distribution in Rice County, Kansas (2022)
Educational Attainment in Rice County, Kansas (2022)
Age Distribution in Rice County, Kansas
Citizen Population in Rice County, Kansas (2022)
Political Trends & Data
Rice County in Kansas exhibits a strong conservative inclination based on the 2020 U.S. Presidential Election results, where nearly 76% of votes favored the Republican party. Democrats received around 22% and Libertarians managed just above 2%, indicating that third-party impact remains minimal in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Rice County in Kansas saw a notable leaning towards the Republican party in the 2020 U.S. Presidential Election, with nearly 76% of votes. Democrats garnered around 22%, while Libertarians captured just over 2%. This suggests a strong conservative presence, with minor third-party influence.
75.53% of voters voted for the Republican party in the 2020 Presidential Election
22.34% 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
Rice County, Kansas has experienced slight increases in its student-to-teacher ratio, which peaked at 11 students per teacher in 2023. Despite this rise, the ratio remains comfortably below the U.S. national average of 14 students per teacher, potentially signaling more tailored educational experiences for students. This could be an appealing factor for families prioritizing education, influencing higher property values. Real estate agents, appraisers, and investors might find the low... Read more
Student-to-teacher ratio in Rice County, Kansas over the last 10 years
Rice County, Kansas has seen fluctuations in its student-to-teacher ratio over the past decade, with values generally ranging from 9 to 11 students per teacher. Notably, the ratio has increased slightly in recent years, peaking at 11 students per teacher in 2023, which is still comfortably below the U.S. national average of 14 students per teacher. This lower-than-average ratio might suggest more individualized attention for students, potentially making this area attractive for families prioritizing education. For real estate agents, appraisers, and investors, the low student-to-teacher ratio could be a selling point, indicating potentially favorable conditions for educational facilities and higher property values. Developers and those planning to build might find that focusing on educational amenities is a key value proposition in this community.
