Washington County Real Estate and Livability Trends
Washington County, Arkansas has experienced a notable increase in median home values, rising nearly 55% from $151,900 in 2015 to $235,500 in 2022, hinting at strong local demand and future appreciation. This is complemented by a rise in residential energy tax credits peaking at $3,747.06 in 2018, indicating growing investments in energy-efficient solutions. Real estate taxes have also climbed... Read more
Washington County Market Trends
Washington County, Arkansas, has seen its median home values rise nearly 55% from $151,900 in 2015 to $235,500 in 2022, significantly outpacing state and national averages. This trend could indicate strong local demand and possible future appreciation, making it attractive for potential investors. Additionally, the increase in residential energy tax credits peaking at $3,747.06 in 2018 highlights... Read more
Median Value of Occupied Housing Units in Washington County, Arkansas Over the Last 8 Years
Washington County, Arkansas, has experienced a substantial increase in median home values over the last eight years, climbing from $151,900 in 2015 to $235,500 in 2022. This nearly 55% rise outpaces both state and national growth rates for the same period, where Arkansas saw an increase from $111,400 to $162,400 and the national median rose from $125,500 to $179,400. Prospective investors and homebuyers might find this trend compelling as it suggests robust local demand and could signal potential for continued appreciation. For residents or those contemplating relocation, the upward trajectory may reflect broader economic growth and increased desirability of the area.
Residential Energy Tax Credit Per Tax Return in Washington County, AR Over the Last 9 Years
Residential energy tax credits in Washington County, Arkansas, have shown substantial growth over the past nine years, peaking at $3,747.06 in 2018. This significant increase, particularly around 2017 and onwards, indicates a strong trend towards energy-efficient investments. For potential investors or homeowners, this trend underscores a growing market for sustainable energy solutions, reflecting both community interest and potential policy incentives.
Average Real Estate Taxes Per Tax Return in Washington County, AR Over the Last 10 Years
Over the past decade, Washington County, Arkansas has seen a noticeable rise in average real estate taxes per tax return, jumping from approximately $1,983.83 in 2012 to around $3,624.59 in 2021. This upward trend may indicate a growing demand or appreciation for property in the area, potentially making it an interesting market for investment. Although the spike in property taxes could be seen as a deterrent for some, it might also reflect improvements in local infrastructure or services that could be appealing to newcomers and long-term residents alike.
Percentage of Farm Returns in Washington County, AR Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Washington County, Arkansas has shown a mild but noticeable decline, starting from around 2.79% in 2012 and dipping to roughly 2.29% by 2021. Farm tax returns typically indicate the economic health and viability of agricultural activities in the area. This slight downward trend could suggest that fewer individuals or entities are reporting farming as a significant source of income. For potential investors, developers, or new residents, this trend might hint at shifting land use patterns or economic dynamics in the region, possibly making it worth investigating further into the reasons behind this gradual decrease.
Number of Mortgages by Occupancy Type in Washington County, AR Over the Last 5 Years in Washington County
Washington County, Arkansas has seen fluctuations in mortgage counts across different occupancy types over the last five years. Principal residences consistently lead with the highest number of mortgages, notably peaking at over 15,500 in 2020 before dropping to approximately 10,423 in 2022. While investment properties experienced a smaller peak in 2021, they generally trended downward from 1,598 in 2020 to 1,350 in 2022. Second residences exhibit the least activity, with counts lingering around 200-300 annually. Shifts in occupancy types can signal underlying economic conditions, neighborhood desirability, or shifts in investment priorities, making them particularly relevant for investors, appraisers, real estate agents, and those involved in property development. These trends offer critical insight into market dynamics, helping stakeholders make informed decisions about property valuation, potential market opportunities, and risk assessments.
Economic Outlook
Washington County, Arkansas has seen a big rise in average taxable income per tax return, jumping from around $52,998.56 in 2013 to $80,497.63 in 2021, indicating economic growth that could attract investors and new residents. Alongside this, average state and local income taxes also surged, with the most dramatic increase between 2017 and 2018, reflecting the area's expanding public spending needs. Additionally, the average total tax liability per tax return saw a notable rise from $9,121.79... Read more
Average Taxable Income per Tax Return in Washington County, AR over the last 9 years
Over the past nine years, Washington County, AR has experienced a notable rise in average taxable income per tax return, jumping from approximately $52,998.56 in 2013 to $80,497.63 in 2021. This consistent increase suggests a growing economy, making the area attractive for investors and those considering relocating. With evident income growth, Washington County stands out as a promising location for building property and capitalizing on the economic upswing.
Average State and Local Income Taxes Per Tax Return in Washington County, AR Over the Last 10 Years
Over the past decade, Washington County, AR has seen a significant increase in average state and local income taxes per tax return, starting from $7,727.69 in 2012 and reaching $17,912.64 in 2021. The most notable jump occurred between 2017 and 2018, where taxes rose from $9,852.81 to $14,798.69. This steady uptick in taxation could impact both existing residents and prospective movers, reflecting broader economic growth and increased public spending demands in the area.
Average Total Tax Liability Per Tax Return in Washington County, AR Over the Last 10 Years
Washington County, Arkansas has seen a significant increase in the average total tax liability per tax return over the past decade. From a modest $9,121.79 in 2012, it soared to $14,474.44 in 2021. This trend suggests a steady rise in incomes and possibly economic growth, which could be appealing to investors and those looking to move to the area. It also underscores potential changes in the local tax policy or shifts in demographics, making it pertinent for property developers and new residents to consider these financial factors.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,238 | $1,468 | $1,899 | $1,281 | $1,260 |
| 1 adult 4 children | $1,238 | $1,199 | $1,452 | $1,281 | $1,457 |
| 2 adults 3 children | $1,238 | $1,199 | $1,648 | $1,281 | $1,021 |
| 1 adult 3 children | $1,238 | $979 | $1,201 | $1,281 | $1,195 |
| 2 adults 2 children | $871 | $982 | $1,397 | $1,120 | $827 |
| 1 adult 2 children | $871 | $733 | $950 | $1,120 | $809 |
| 2 adults 1 child | $871 | $776 | $1,146 | $596 | $757 |
| 1 adult 1 child | $871 | $501 | $698 | $596 | $647 |
| 2 adults | $715 | $623 | $894 | $0 | $601 |
| 1 adult | $674 | $340 | $447 | $0 | $529 |
Safety trends & Data
Washington County, Arkansas, has experienced significant fluctuations in property crime over the last five years, particularly in larceny-theft, which peaked at 937 arrests in 2019 but dropped to 548 in 2021. Fraud cases also saw a high of 130 in 2019 before falling to 44 in 2021. Burglary and vandalism have shown more stability, with annual arrests typically around 100 and 170, respectively, while motor vehicle theft remains relatively low. Understanding these crime trends can be crucial for... Read more
Property Crime Trends in Washington County, AR Over the Last 5 Years
Washington County, Arkansas, has experienced noticeable fluctuations in property crimes over the past five years. Larceny-theft stands out as the most prevalent, with peak arrests in 2019 at 937 and a significant dip to 548 in 2021. Burglary and vandalism have shown some consistency, hovering around 100 and 170 arrests annually. Fraud saw a spike in 2019 with 130 cases but dropped drastically to 44 in 2021. Motor vehicle theft remains relatively low compared to other property crimes, with minor variations each year. While arson is the least frequent, 2019 had a notably higher count with nine reported cases. This data is valuable for stakeholders and residents assessing safety, property values, and the feasibility of new developments.
Demographics
Washington County, Arkansas, has a slightly higher female population than male. A significant portion of the adult population has at least some college education, but high school graduates make up the largest single group. The age distribution skews younger, with a notable number of residents in the 25 to 34 age bracket. The racial composition is predominantly White, but there is a notable representation from various other racial groups as... Read more
Race Distribution in Washington County, Arkansas (2022)
Educational Attainment in Washington County, Arkansas (2022)
Age Distribution in Washington County, Arkansas
Citizen Population in Washington County, Arkansas (2022)
Political Trends & Data
Washington County, Arkansas exhibited a slight Republican advantage in the 2020 U.S. Presidential Election with Republicans capturing 50.4% of the votes compared to Democrats' 46.5%. Minor parties such as the Libertarian and Green did not substantially impact the overall outcome, underscoring the county's predominantly two-party system with occasional, albeit minor, contributions from third-party candidates. This competitive landscape suggests potential variability in future elections driven by... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Washington County, Arkansas, the 2020 U.S. Presidential Election saw a slight lead for the Republican party with approximately 50.4% of the votes, while Democrats garnered around 46.5%. Third parties like the Libertarian and Green parties, along with other candidates, collectively captured a modest portion of the vote, indicating a competitive two-party dominance with just minor portions attributed to alternative options. This data suggests a primarily two-party landscape with potential for minor shifts influenced by smaller parties.
50.39% of voters voted for the Republican party in the 2020 Presidential Election
46.49% of voters voted for the Democrat party in the 2020 Presidential Election
1.50% of voters voted for the Livertarian party in the 2020 Presidential Election
0.33% of voters voted for the Green party in the 2020 Presidential Election
1.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Washington County, Arkansas has fluctuated, peaking at 15.44 in 2015 and dropping to 14.09 in 2021, often staying above the national average of 14 students per teacher. These fluctuations could indicate changes in school funding, population growth, or educational policy shifts. For real estate stakeholders, these metrics may suggest varying levels of classroom attention and resource allocation, potentially impacting local property values and community appeal.... Read more
Student-to-teacher ratio in Washington County, Arkansas over the last 10 years
The student-to-teacher ratio in Washington County, Arkansas has fluctuated over the past decade but has generally remained above the national average of 14 students per teacher. Metrics show a peak of 15.44 in 2015 and a significant dip to 14.09 in 2021, indicating potential shifts in school funding, population growth, or educational policy changes. For investors, developers, or those relocating, these trends might suggest varying levels of classroom attention or resource allocation, which could impact local property values and community attractiveness. Real estate agents and appraisers might find these variations relevant for understanding fluctuating demand in the housing market tied to school quality perceptions.
