Tulare County Real Estate and Livability Trends
In Tulare County, California, median home values jumped from $162,700 in 2015 to $280,900 in 2022, signaling a burgeoning market ripe for investment, even though it's still lower than the state average of $659,300. Property crime has had significant shifts, with burglary incidents decreasing from 979 in 2018 to 263 in 2022, while larceny-theft rose to 424 cases in 2022 from a low of 117 in 2021,... Read more
Tulare County Market Trends
Tulare County has seen a consistent rise in median home values, jumping from $162,700 in 2015 to $280,900 in 2022. While this growth contrasts with the $659,300 state average, it still outpaces the national median of $179,400, possibly indicating a burgeoning market ripe for investment. Energy tax credits have been volatile, peaking at $4,448.91 in 2018, suggesting financial gains for... Read more
Median Value of Occupied Housing Units in Tulare County, California Over the Last 8 Years
Tulare County has seen a consistent rise in median home values over the past eight years, jumping from $162,700 in 2015 to $280,900 in 2022. While this growth may seem impressive, it's essential to recognize that Tulare County's housing market continues to trail behind the California state average, which reached $659,300 in 2022. However, Tulare County’s growth still far outpaces the national median, which was at $179,400 in 2022. This upward trajectory in home values could signal a burgeoning market, offering potential opportunities for investment and development.
Residential Energy Tax Credit Per Tax Return in Tulare County, CA Over the Last 9 Years
Over the past nine years, the average residential energy tax credit per tax return in Tulare County, California, saw significant fluctuations. Starting at $1,470.16 in 2013, it spiked to around $2,554.34 by 2015 and peaked at $4,448.91 in 2018. While there was a noticeable dip in 2020 to $2,489.42, the average credit rebounded to $3,239.07 in 2021. This trend suggests that investments in energy-efficient housing improvements have been increasingly incentivized, but also volatile, potentially reflecting changing local policies and resident adoption rates. For investors and homeowners, this highlights both the financial advantages of energy upgrades and the importance of timing in maximizing tax benefits.
Average Real Estate Taxes Per Tax Return in Tulare County, CA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Tulare County, California, have seen a steady increase, with a notable spike between 2017 and 2018 where taxes jumped from approximately $3,004.81 to $3,748.65. This steady rise highlights an upward trend that potential investors and new homeowners should carefully evaluate. Such increases might reflect underlying economic conditions, property values, or policy changes that could impact long-term property investment decisions. The most recent figures show a continued upward trajectory, reaching $4,098.84 in 2021, making it crucial for stakeholders to consider these tax implications when planning financial and real estate strategies in the area.
Percentage of Farm Returns in Tulare County, CA Over the Last 10 Years
Farm tax returns in Tulare County, California, have shown a general decline over the past decade, moving from roughly 1.92% in 2012 to about 1.36% in 2021. This trend may indicate a shift in the agricultural sector or economic conditions impacting farm profitability or reporting behavior. For those looking to invest, move to, or develop property in Tulare County, understanding these trends is crucial as they could reflect broader economic patterns affecting land use, agricultural productivity, and local income derived from farming operations.
Number of Mortgages by Occupancy Type in Tulare County, CA Over the Last 5 Years in Tulare County
In Tulare County, California, the past five years have shown a clear dominance of principal residence mortgages, peaking in 2021 at nearly 29,000 loans. Investment properties, meanwhile, have seen more modest numbers with a slight peak in 2021 but a significant drop in 2022. Second residences have remained relatively stable but low throughout these years. Changes in occupancy type matter because a strong presence of principal residences can indicate a stable, resilient housing market with steady demand for living space, appealing to investors and mortgage lenders. On the other hand, fluctuations in investment property loans might signal shifts in market confidence or investment opportunities, relevant to real estate agents and appraisers aiming to gauge market activity. Stable second residence figures suggest a steady interest in vacation or secondary homes, potentially reflecting the area's appeal for part-time residents. These trends help build an understanding of market dynamics for insurers, who may adjust risk assessments accordingly, and for builders and developers evaluating demand for different types of housing projects.
Economic Outlook
In Tulare County, CA, average taxable income per tax return has increased from $40,996.76 in 2013 to $57,755.55 in 2021, hinting at a strengthening local economy. The rise in state and local income taxes—from $7,005 in 2012 to $17,711.68 in 2021—reflects higher tax burdens, necessitating financial planning for residents. Average total tax liability reached $8,263.48 in 2021, showing economic shifts that could influence long-term planning. Despite a poverty rate decrease from 29.2% in 2013... Read more
Average Taxable Income per Tax Return in Tulare County, CA over the last 9 years
In Tulare County, CA, average taxable income per tax return has seen a consistent upward trend over the past 9 years, growing from $40,996.76 in 2013 to $57,755.55 in 2021. This notable increase suggests a strengthening local economy and could be an attractive indicator for potential investors, homebuyers, and businesses considering an establishment in the area. The rise in income reflects positively on the county's economic prospects, making it a promising location for both residential and commercial development.
Average State and Local Income Taxes Per Tax Return in Tulare County, CA Over the Last 10 Years
Tulare County, CA has seen a significant rise in average state and local income taxes per tax return over the past decade. Starting at approximately $7,005 in 2012, the amount increased sharply to $17,711.68 by 2021. This consistent upward trend indicates a substantial increase in tax burdens for residents, highlighting the potential need for financial planning for those moving to or living in the area.
Average Total Tax Liability Per Tax Return in Tulare County, CA Over the Last 10 Years
Over the past decade in Tulare County, California, the average total tax liability per tax return has shown notable fluctuations. Starting at around $7,493.28 in 2012, the amounts oscillated, peaking at $8,263.48 in 2021. Noteworthy growth observed in 2017 and 2021 highlights shifting economic conditions and potentially evolving policy impacts crucial for potential investors and current residents considering Tulare County for long-term financial planning.
Cost of Living in Tulare County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,552 | $1,456 | $1,974 | $1,728 | $1,446 |
| 1 adult 4 children | $1,552 | $1,189 | $1,524 | $1,728 | $1,675 |
| 2 adults 3 children | $1,552 | $1,189 | $1,706 | $1,728 | $1,183 |
| 1 adult 3 children | $1,552 | $971 | $1,256 | $1,728 | $1,394 |
| 2 adults 2 children | $1,116 | $974 | $1,437 | $1,518 | $866 |
| 1 adult 2 children | $1,116 | $727 | $987 | $1,518 | $842 |
| 2 adults 1 child | $1,116 | $769 | $1,169 | $835 | $749 |
| 1 adult 1 child | $1,116 | $497 | $719 | $835 | $625 |
| 2 adults | $848 | $618 | $901 | $0 | $577 |
| 1 adult | $825 | $337 | $450 | $0 | $550 |
Safety trends & Data
In Tulare County, California, property crime trends have fluctuated over the last five years, with significant shifts in various crime categories. Notably, arson cases surged to 77 in 2022 from a previous high of 46 in 2020, while burglary incidents have decreased overall from 979 in 2018 to just 263 in 2022. Larceny-theft hit a low of 117 cases in 2021 before rising to 424 in 2022, and motor vehicle theft varied significantly, dropping from 243 in 2019 to 44 in 2021, then climbing to 219 in... Read more
Property Crime Trends in Tulare County, CA Over the Last 5 Years
In Tulare County, California, property crime trends over the last five years show fluctuations in incidents, with sporadic spikes and drops across different crime categories. Arson cases see a dramatic rise in 2022, peaking at 77 cases from a previous high of 46 in 2020. Burglary incidents have decreased overall, dropping from 979 in 2018 to 263 in 2022, but larceny-theft has shown less consistent declines, hitting a notable low of 117 cases in 2021 before rebounding to 424 in 2022. Motor vehicle theft numbers have also varied, reflecting a high of 243 in 2019 and dropping to 44 in 2021 before moving up again to 219 in 2022. Vandalism and fraud crimes have also shifted significantly, with fraud increasing steadily from 145 crimes in 2018 to 209 by 2022. These trends warrant attention for potential investors, movers, appraisers, insurance agents, property builders, real estate agents, and those living in or interested in Tulare County, as they provide insights on the changing safety landscape and risk factors within the county.
Demographics
Tulare County, California exhibits a nearly balanced gender distribution with a slight female majority. Educational attainment trends suggest a significant proportion of residents have a high school diploma or some college experience. Interestingly, a notable share of the adult population has less than a 9th-grade education. Age distribution indicates a youthful demographic, with considerable numbers under 34 years, which might imply a steady workforce presence in the coming years. Racially,... Read more
Race Distribution in Tulare County, California (2022)
Educational Attainment in Tulare County, California (2022)
Age Distribution in Tulare County, California
Citizen Population in Tulare County, California (2022)
Political Trends & Data
In Tulare County, California, the 2020 U.S. Presidential Election results show a slight Republican majority with roughly 53% of the votes, while around 45% leaned Democratic. Despite a Republican inclination, the notable Democratic support points to a politically diverse electorate. Minor parties, including Libertarians and Greens, managed to capture a small, but present, fraction of the vote. This mixed political landscape might influence housing market trends and future community planning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tulare County, California, the 2020 U.S. Presidential Election saw a slight majority leaning Republican with approximately 53% of the vote, while Democratic ballots accounted for about 45%. Minor parties—including Libertarian, Green, and others—collectively garnered a small fraction of the votes. These results could suggest that while there's a Republican inclination, a significant portion of the electorate also supports Democratic candidates, hinting at a potentially diverse political landscape.
52.82% of voters voted for the Republican party in the 2020 Presidential Election
45.00% of voters voted for the Democrat party in the 2020 Presidential Election
1.02% 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
0.83% of voters voted for the Other party in the 2020 Presidential Election
School Data
Tulare County, California, has experienced a notable decline in the student-to-teacher ratio, from around 23 students per teacher in 2014 to about 20 students per teacher in 2023. This shift, while still higher than the national average of 14, potentially signals a community placing increasing value on education. Families might find this appealing due to the promise of more individualized classroom attention, which could have a ripple effect on property values. For investors, real estate... Read more
Student-to-teacher ratio in Tulare County, California over the last 9 years
Over the past nine years, Tulare County in California has seen a gradual decline in the student-to-teacher ratio, dropping from around 23 students per teacher in 2014 to approximately 20 students per teacher in 2023. This is a significant shift, especially when compared to the national average of 14 students per teacher. A lower student-to-teacher ratio often correlates with more individualized attention in classrooms, which could be attractive to families seeking better educational opportunities. For investors, this trend might suggest a community valuing education, potentially boosting property values. Real estate agents and appraisers might also consider this data when assessing the long-term demand for housing in the county, while insurance agents might view this as a positive indicator of community stability and reduced risks.
