Washington County Real Estate and Livability Trends
Washington County, Alabama, saw a notable rise in median home values, escalating from $85,700 in 2015 to $138,100 in 2022, which might hint at an uptick in market activity and investment interests. Adding to that, property taxes increased from $655.47 per tax return in 2012 to $1,021.05 in 2021, possibly indicating appreciating property values. The energy tax credit spike in 2018 at $1,600.00... Read more
Washington County Market Trends
Washington County, Alabama, has seen a substantial rise in median home values, climbing from $85,700 in 2015 to $138,100 in 2022, a sharp increase that could suggest heightened market interest or investment opportunities. Real estate taxes have also trended upward, from $655.47 per tax return in 2012 to $1,021.05 in 2021, indicating potentially appreciating property values. The residential energy... Read more
Median Value of Occupied Housing Units in Washington County, Alabama Over the Last 8 Years
Washington County, Alabama has seen interesting fluctuations in its median home values over the last eight years. Values started at $85,700 in 2015, dipped slightly in 2016, rebounded to $89,100 by 2019, and shot up to $138,100 by 2022. This growth, especially the sharp increase from 2021 to 2022, signals a potential surge in market interest or investment. Comparatively, Alabama's state averages show a more steady incline from $125,500 in 2015 to $179,400 in 2022. For investors, builders, or potential residents, this could indicate that Washington County is catching up to broader state trends, possibly presenting a window for capitalizing on properties before any alignment with state averages.
Residential Energy Tax Credit Per Tax Return in Washington County, AL Over the Last 9 Years
Washington County, Alabama has seen a significant increase in the average residential energy tax credit per tax return over the past nine years, jumping from approximately $328.57 in 2013 to $1,362.50 in 2021. Notably, 2018 marked a peak with an average credit of $1,600.00, indicating a strong push towards energy-efficient investments. This trend suggests robust incentives for those looking to invest in sustainable home improvements, making Washington County an appealing location for eco-conscious homebuyers and investors in the green energy sector.
Average Real Estate Taxes Per Tax Return in Washington County, AL Over the Last 10 Years
Real estate taxes in Washington County, Alabama have generally trended upward over the past decade, starting at around $655.47 per tax return in 2012 and reaching approximately $1,021.05 in 2021. This gradual increase suggests a possibly growing demand or rising property values in the area. Investors and potential residents might find this data indicative of an appreciating market, which can be significant for long-term investments. Building new property or moving to this county could come with higher tax implications over time, reflecting the need for careful financial planning.
Percentage of Farm Returns in Washington County, AL Over the Last 10 Years
The percentage of farm tax returns in Washington County, Alabama has shown some fluctuations over the past 10 years, with a noticeable drop in 2020 to 7.11% after seeing a gradual increase starting from 7.78% in 2012. Peaks occurred in 2018 and 2019, both around the 8.0% mark. This data reflects the economic viability and stability of the farming sector in the area, which can be a critical factor for investors and potential property developers considering moving to or building in Washington County. Understanding these trends is essential for gauging the local agricultural economy's health and future potential.
Number of Mortgages by Occupancy Type in Washington County, AL Over the Last 5 Years in Washington County
In Washington County, Alabama, principal residences have consistently led mortgage counts over the last five years, showing a clear preference for primary living situations. This trend could signal a stable, resident-focused community, which might appeal to families and individuals seeking long-term residency. The presence of investment properties, though minor in number, suggests potential for rental income opportunities, but the low frequency might indicate limited investor activity or a strong owner-occupier market. Second residences have seen a marginal increase, reflecting perhaps an emerging interest in vacation homes or secondary living spaces, which could attract more affluent buyers looking for retreats. These shifts in occupancy types matter as they impact real estate market dynamics, property valuations, and insurance considerations, influencing decisions of investors, prospective residents, appraisers, and real estate professionals.
Economic Outlook
Washington County, Alabama has seen a steady rise in average taxable income per tax return, moving from $48,784.70 in 2013 to $57,051.10 in 2021. While there were minor fluctuations between 2014 and 2017, the general trend underscores growing economic stability in the area. Despite notable fluctuations in state and local income taxes per tax return, residents experienced a peak of $5,417.86 in 2020, followed by a slight dip to $4,922.22 in 2021. Additionally, total tax liability has varied,... Read more
Average Taxable Income per Tax Return in Washington County, AL over the last 9 years
Over the past nine years, Washington County, AL has experienced a steady increase in its average taxable income per tax return, climbing from $48,784.70 in 2013 to $57,051.10 in 2021. Notably, there were slight dips and plateaus, particularly between 2014 and 2017, but the overall upward trend underscores growing economic stability and potential for higher earning opportunities in the region. This consistent growth is essential for current and prospective residents evaluating the financial vitality and opportunities within Washington County.
Average State and Local Income Taxes Per Tax Return in Washington County, AL Over the Last 10 Years
Over the past decade, Washington County, AL has experienced notable fluctuations in average state and local income taxes per tax return. Starting from $3,440.13 in 2012, taxes saw a steady climb with a peak at $5,417.86 in 2020 before slightly dipping to $4,922.22 in 2021. This upward trajectory, especially the sharp increases in recent years, highlights a significant financial consideration for current and prospective residents.
Average Total Tax Liability Per Tax Return in Washington County, AL Over the Last 10 Years
In Washington County, Alabama, the average total tax liability per tax return has seen notable fluctuation over the past decade, peaking at $7,313.88 in 2021 after a low of $6,495.14 in 2013. This trend highlights not just the economic changes in the area but potentially increasing incomes and investments that could appeal to prospective investors and new residents. The relatively steady rise in tax liability suggests a growing local economy that might present good opportunities for those looking to build property or move to the region.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,075 | $1,327 | $1,886 | $1,339 | $1,272 |
| 1 adult 4 children | $1,075 | $1,084 | $1,406 | $1,339 | $1,298 |
| 2 adults 3 children | $1,075 | $1,084 | $1,655 | $1,339 | $1,042 |
| 1 adult 3 children | $1,075 | $885 | $1,175 | $1,339 | $1,077 |
| 2 adults 2 children | $883 | $887 | $1,423 | $1,163 | $932 |
| 1 adult 2 children | $883 | $663 | $943 | $1,163 | $861 |
| 2 adults 1 child | $883 | $701 | $1,191 | $589 | $846 |
| 1 adult 1 child | $883 | $453 | $712 | $589 | $702 |
| 2 adults | $712 | $563 | $960 | $0 | $703 |
| 1 adult | $661 | $307 | $480 | $0 | $584 |
Safety trends & Data
Property crime trends in Washington County, Alabama, show significant variability over the past five years. Larceny-theft has been consistently high, peaking at 19 incidents in 2018, while motor vehicle thefts have declined sharply from 6 in 2021 to just 1 in 2022. Burglary rates fluctuate but had peaks of 8 in 2020 and 2022. Vandalism saw a surprising surge to 11 cases in 2021. These trends might influence security concerns and local law enforcement strategies, potentially affecting investment... Read more
Property Crime Trends in Washington County, AL Over the Last 5 Years
Property crime trends in Washington County, Alabama, over the past five years indicate noticeable variability. While larceny-theft consistently remains the most reported crime, with a peak of 19 incidents in 2018, there's been a downward trend in motor vehicle thefts, dropping from 6 in 2021 to just 1 in 2022. Burglary rates fluctuate, peaking at 8 in 2020 and 2022, but dipping to 5 in 2021. Interestingly, vandalism surged to 11 cases in 2021, a significant increase from previous years. These statistics suggest a potentially changing landscape for both security needs and the focus of local law enforcement, which could impact investment considerations and insurance rates.
Demographics
Washington County, Alabama shows a near-even gender distribution, with a slight majority of females over males. The educational attainment data suggests a significant portion of adults are high school graduates, while smaller percentages hold college degrees. Age distribution is notably skewed towards the older demographics, particularly between the ages of 55 to 64. Racially, the population is predominantly White, with African Americans and American Indians forming substantial minority groups.... Read more
Race Distribution in Washington County, Alabama (2022)
Educational Attainment in Washington County, Alabama (2022)
Age Distribution in Washington County, Alabama
Citizen Population in Washington County, Alabama (2022)
Political Trends & Data
Washington County, Alabama, shows a strong Republican presence, with nearly 74% of votes in the 2020 U.S. Presidential Election favoring Republican candidates. Democratic support seems more modest, just surpassing the 25% mark. The minimal influence of third-party votes might suggest that the electorate here leans heavily towards the two major parties, particularly the Republicans. This could be indicative of the broader political culture in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Washington County, Alabama, Republican candidates seemingly received a significant majority of the votes in the 2020 U.S. Presidential Election, garnering almost 74%. Democratic candidates, by contrast, possibly secured just over a quarter of the votes. Other parties appear to have had minimal impact, with no apparent votes for Libertarian or Green parties and only a small fraction for other parties. This trend could reflect broader political leanings within the county, possibly indicating strong Republican support.
73.95% of voters voted for the Republican party in the 2020 Presidential Election
25.44% of voters voted for the Democrat party in the 2020 Presidential Election
0.61% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Washington County, Alabama, the student-to-teacher ratio, which peaked at nearly 19 students per teacher in 2022 and settled at around 17 in 2023, remains higher than the national average of 14. Potential investors and families considering the area should be aware that such higher ratios might imply larger class sizes, potentially affecting the quality of education. These educational trends could influence property values and marketability, making them crucial for real estate agents and... Read more
Student-to-teacher ratio in Washington County, Alabama over the last 10 years
Washington County, Alabama has seen its student-to-teacher ratio fluctuate markedly over the past decade, peaking at nearly 19 students per teacher in 2022. Although it has settled somewhat, down to around 17 in 2023, this remains higher than the national average of 14. For potential investors or those considering moving to the area, the changing dynamics in the classroom could have various implications. Higher ratios might suggest larger class sizes, possibly impacting the quality of education, which is a critical factor for families and education-focused investments. Appraisers and real estate agents should note these trends as they could influence property values and marketability in neighborhoods serving schools with fluctuating ratios. Furthermore, insurance agents and developers might want to account for these educational dynamics when assessing community growth and stability.
