California Real Estate and Livability Trends
California's real estate market has seen a significant rise in average taxable income, reaching $115,270.75 in 2021, which could attract high-income earners and investors. Nonetheless, growing state and local income taxes, and an increased tax liability now at $24,200.43, highlight a higher cost of living. Median home values have surged from $385,500 in 2015 to $659,300 in 2022, suggesting strong... Read more
California Market Trends
California's median home values have surged from $385,500 in 2015 to $659,300 in 2022, far outpacing the national growth trend. This dramatic appreciation suggests strong demand and potentially lucrative investment returns, despite California's higher entry prices. Additionally, residential energy tax credits in the state have fluctuated significantly, peaking at $4,796.94 in 2018, underscoring a... Read more
Median Value of Occupied Housing Units in California Over the Last 8 Years
Over the past 8 years, California's median home values have seen substantial growth, rising from $385,500 in 2015 to $659,300 in 2022. This increase significantly outpaces the national trend, where home values grew from $125,500 to $179,400. For those looking to invest, move to, or build in California, this sharp appreciation indicates robust demand and potentially strong returns on investment, despite higher entry prices. The contrast with national figures underscores California's unique real estate environment, which could influence both housing affordability and investment strategies.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in California over the last 10 years
Active Loans 30-60 Days Past Due in California over the last 10 years in California
Perent of loans that are Active Loans 90-180 Days Past Due in California over the last 10 years in California
Residential Energy Tax Credit Per Tax Return in California Over the Last 9 Years
Over the last nine years, the average residential energy tax credit per tax return in California has seen significant fluctuations. From a modest $1,342.96 in 2013, it peaked at $4,796.94 in 2018, showcasing a strong push towards energy-efficient investments. Although there's a dip following 2018, the credit remains relatively high, indicating continued state support for residential energy initiatives. This pattern underscores California's commitment to fostering sustainable living, a critical consideration for investors, property developers, and new residents interested in energy savings and environmental impact.
Average Real Estate Taxes Per Tax Return in California Over the Last 10 Years
In the past decade, the average real estate taxes per tax return in California have almost doubled, climbing from $4,965.92 in 2012 to $9,432.78 in 2021. This steady increase suggests that property owners in the state could be facing escalating financial commitments over time. For potential investors, homeowners, and developers, this trend may indicate a rising cost environment that could impact overall investment returns and living expenses. Such information is crucial for making informed decisions about property developments and investments in California.
Percentage of Farm Returns in California Over the Last 10 Years
Over the last decade in California, the proportion of farm tax returns has seen a general decline, dipping from approximately 0.37% in 2012 to around 0.29% by 2021. This trend could hint at either a consolidation in farm operations or perhaps a shift towards non-farming taxable activities. Investors, potential homeowners, developers, and current residents might find these insights pivotal for understanding the economic dynamics and possibly the evolving agricultural landscape in the area.
Economic Outlook
California's real estate market is buoyed by a steady rise in average taxable income, hitting $115,270.75 in 2021, up from $70,010.94 in 2013. This trend may draw more high-income earners and investors looking for a dynamic economic environment. However, the escalating state and local income taxes—from $12,404.26 in 2012 to $35,101.26 in 2021—signal a higher cost of living that can impact financial planning. Additionally, the average total tax liability has increased, now at $24,200.43 in... Read more
Average Taxable Income per Tax Return in California over the last 9 years
Over the past nine years, California has seen a consistent rise in the average taxable income per tax return, starting from $70,010.94 in 2013 and peaking at $115,270.75 in 2021. This significant upward trend reflects a robust economic environment and increasing profitability for residents, which could attract more high-income earners and real estate investors. With such a marked increase, those looking to move to or invest in California can expect a financially dynamic region, suggesting both higher living standards and potential for economic growth.
Average State and Local Income Taxes Per Tax Return in California Over the Last 10 Years
Over the past decade, California has seen a substantial increase in average state and local income taxes per tax return, escalating from $12,404.26 in 2012 to $35,101.26 in 2021. This sharp rise, particularly noticeable from 2018 onwards, highlights the growing financial demands on residents and potential movers who must consider the higher cost associated with living in the state.
Average Total Tax Liability Per Tax Return in California Over the Last 10 Years
The trend in the average total tax liability per tax return in California over the past decade shows a noticeable increase, jumping from approximately $13,900.01 in 2012 to $24,200.43 in 2021. This substantial rise suggests the economic conditions and income levels in the state have evolved significantly, offering vital insights for potential investors and residents aiming to gauge the financial environment. Prospective property builders and investors might find this data critical when calculating the long-term fiscal impact of their ventures in California.
Cost of Living in California
Safety trends & Data
Property crime trends in California have shown notable volatility over the past five years. Burglaries spiked in 2020 but then decreased dramatically in 2021, while larceny and fraud arrests followed a similar pattern of high numbers, sharp drops in 2021, and slight increases in 2022. This dynamic landscape could influence investment strategies, real estate values, and insurance premiums, making it critical for stakeholders to analyze these shifts... Read more
Property Crime Trends in California Over the Last 5 Years
Property crime trends over the last five years in California display notable volatility. While incidents like arson have fluctuated significantly, burglary arrests spiked in 2020 and saw a dramatic decrease in 2021. Larceny and fraud arrests remained high but also showed sharp drops in 2021 before slightly increasing again in 2022. These trends could impact investment strategies, real estate values, and insurance premiums, suggesting a dynamic landscape for stakeholders in property-related sectors. Analyzing these shifts might help in making informed decisions for those involved in real estate, insurance, or community planning.
Demographics
California's demographic trends reveal a gender balance that leans slightly towards females, with about 13 million females compared to 12.9 million males. In terms of education, a fairly large share of the population has attained a high school diploma or some college education, although fewer have completed graduate or professional degrees. The age distribution shows a substantial youth demographic, with numerous residents under the age of 35, and a notable chunk of the population between 25... Read more
Race Distribution in California (2022)
Educational Attainment in California (2022)
Age Distribution in California
Citizen Population in California (2022)
Political Trends & Data
California's housing market may be indirectly influenced by the prevalent Democratic leaning, which accounted for approximately 63% of the votes in the 2020 U.S. Presidential Election. This trend hints at progressive policies possibly shaping future housing developments, zoning laws, and sustainability initiatives, impacting both urban planning and real estate investments. The waning presence of third parties, below 2%, suggests minimal alternative political influences on real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
California's voting patterns in the 2020 U.S. Presidential Election suggest a dominant preference towards the Democratic party, capturing a potential 63% of the vote, while Republicans might have received around 34%. Minor parties, including Libertarians and Greens, appear to have collectively garnered less than 2% of the votes, with an almost negligible impact on the overall outcome. These figures could indicate a strong or possibly growing Democratic influence in the state, with third parties potentially struggling to gain traction.
34.32% of voters voted for the Republican party in the 2020 Presidential Election
63.48% of voters voted for the Democrat party in the 2020 Presidential Election
1.07% of voters voted for the Libertarian party in the 2020 Presidential Election
0.46% of voters voted for the Green party in the 2020 Presidential Election
0.66% of voters voted for the Other party in the 2020 Presidential Election
School Data
California's student-to-teacher ratio has improved significantly, dropping from 24 students per teacher in 2014 to around 20 by 2018. Although still higher than the national average of 14, this trend could signal better educational quality. For investors and real estate agents, this may translate into a more attractive market, as smaller class sizes could enhance school performance and, in turn, improve neighborhood appeal. This shift could influence property values and be a notable factor in... Read more
Student-to-teacher ratio in California over the last 5 years
California's student-to-teacher ratio has shown a significant decrease over the past five years, moving from 24 students per teacher in 2014 to around 20 by 2018. While still higher than the national average of 14, the drop suggests potential improvements in classroom attention and educational quality. Investors, real estate agents, and those considering a move might view this trend favorably, as smaller class sizes could enhance educational outcomes. Insurance agents and appraisers might note these changes as part of an area's overall quality-of-life improvements, potentially affecting property values.
