Wapello County Real Estate and Livability Trends
Wapello County, Iowa has experienced a steady climb in average taxable income per tax return, from $44,214.20 in 2013 to $58,617.01 in 2021, signaling potential economic growth that may attract investors. Median home values have risen from $80,400 in 2015 to $105,800 in 2022, making it an affordable option compared to the state median of $181,600. The number of principal residence mortgages... Read more
Wapello County Market Trends
Wapello County, Iowa’s median home values have climbed significantly from $80,400 in 2015 to $105,800 in 2022, presenting an affordable alternative to Iowa’s state median of $181,600 and the national median of $179,400. Residential energy tax credits per return surged, peaking at $2,066.67 in 2020, reflecting a potential uptick in energy-efficient home investments. Real estate taxes showed... Read more
Median Value of Occupied Housing Units in Wapello County, Iowa Over the Last 8 Years
Wapello County, Iowa has experienced significant growth in median home values over the past eight years, with values rising from $80,400 in 2015 to $105,800 in 2022. Compared to Iowa's state median of $181,600, Wapello offers a more affordable option, which could attract budget-conscious buyers. Nationally, the median home value reached $179,400 in 2022, indicating Wapello remains substantially below the national average, making it an intriguing prospect for investors and homebuyers seeking more budget-friendly real estate opportunities with potential for appreciation.
Residential Energy Tax Credit Per Tax Return in Wapello County, IA Over the Last 9 Years
Wapello County, Iowa has seen a significant rise in residential energy tax credits per tax return over the past nine years. Starting at $295.35 in 2013, the average credit steadily increased, peaking at $2,066.67 in 2020 before slightly dropping to $1,896.88 in 2021. This upward trend may reflect greater investments in energy-efficient home improvements, driven possibly by growing environmental awareness or financial incentives. For investors, appraisers, and insurance agents, this trend suggests a market highly responsive to energy efficiency investments, potentially affecting property values and insurance risks. For real estate agents, it indicates an appealing selling point for sustainable homes in the area.
Average Real Estate Taxes Per Tax Return in Wapello County, IA Over the Last 10 Years
Over the past decade in Wapello County, Iowa, real estate taxes per tax return have shown a fluctuating but generally upward trend. Significant jumps occurred in 2017 and 2018, with the latter reaching a high of $4137.21. Although there was a slight dip in 2019, values stayed elevated, indicating possible increases in property values or tax rates. This trend is relevant for potential investors, homeowners, and appraisers, as it suggests a changing economic landscape in the county. Higher real estate taxes might affect the desirability and valuation of properties, hinting at broader economic or legislative shifts impacting local real estate markets.
Percentage of Farm Returns in Wapello County, IA Over the Last 10 Years
Wapello County, Iowa, has experienced a gradual decline in the percentage of farm tax returns over the past decade, starting at around 4.98% in 2012 and dipping to approximately 4.32% by 2020, with a slight uptick to about 4.50% in 2021. Farm tax returns are filed by agricultural enterprises and can serve as an indicator of farming activity and economic health in rural areas. This trend might suggest a decrease in farm operations or profitability, which could have implications for land value, investment opportunities, and economic planning in the county. Prospective investors, builders, and residents might want to consider these shifts when evaluating the region's agricultural and economic landscape.
Number of Mortgages by Occupancy Type in Wapello County, IA Over the Last 5 Years in Wapello County
In Wapello County, Iowa, the trend over the past five years shows a consistent dominance of principal residence mortgages, with notable fluctuations peaking in 2021 at 1,133. Investment properties have seen a smaller but stable mortgage count, highest in 2022 with 78. Second residences remain negligible in comparison. Changes in the ratios of occupancy types suggest shifts in housing demand, influencing market dynamics and investment decisions. For real estate agents, investors, and homebuilders, awareness of these shifts can guide strategic planning. Appraisers and insurance agents may also find these trends useful for assessing property values and risk profiles, respectively.
Economic Outlook
Wapello County, Iowa has seen a steady rise in average taxable income per tax return, jumping from $44,214.20 in 2013 to $58,617.01 in 2021. This suggests a potentially growing economic base, which might draw in investors seeking lucrative opportunities. Meanwhile, state and local income taxes have also increased noticeably, climbing from $5,605.49 in 2012 to $9,354.05 in 2021, highlighting shifts in economic conditions or tax policies. Total tax liabilities, although fluctuating, peaked in... Read more
Average Taxable Income per Tax Return in Wapello County, IA over the last 9 years
Over the past nine years, Wapello County, Iowa has experienced a consistent increase in average taxable income per tax return. From $44,214.20 in 2013 to $58,617.01 in 2021, this upward trend suggests a growing economic base which could attract investors looking for promising returns. This rise in income might also signal a more affluent population, potentially driving demand for housing and other services. For those considering moving to or building property in Wapello County, these figures hint at a stable and possibly expanding local economy.
Average State and Local Income Taxes Per Tax Return in Wapello County, IA Over the Last 10 Years
Over the last decade, Wapello County, Iowa has seen a significant increase in average state and local income taxes per tax return, rising from $5,605.49 in 2012 to $9,354.05 in 2021. This notable upward trend points to evolving economic dynamics and potentially higher incomes or changes in tax policies. For investors and potential residents, understanding these shifts is crucial, as they reflect the growing fiscal landscape and can influence financial planning and property-related decisions.
Average Total Tax Liability Per Tax Return in Wapello County, IA Over the Last 10 Years
In Wapello County, Iowa, average total tax liabilities per tax return have shown some fluctuations over the last decade, ranging between approximately $6,140.94 and $7,618.18. This variability may signal differences in economic factors or local tax policies impacting residents. Notably, there's a peak in 2021 at $7,618.18, which could be of interest to investors and homeowners considering how tax burdens have evolved and what future changes might be anticipated.
Cost of Living in Wapello County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,102 | $1,355 | $1,934 | $1,082 | $1,186 |
| 1 adult 4 children | $1,102 | $1,107 | $1,479 | $1,082 | $1,320 |
| 2 adults 3 children | $1,102 | $1,107 | $1,678 | $1,082 | $969 |
| 1 adult 3 children | $1,102 | $904 | $1,223 | $1,082 | $1,068 |
| 2 adults 2 children | $885 | $906 | $1,422 | $943 | $855 |
| 1 adult 2 children | $885 | $677 | $967 | $943 | $812 |
| 2 adults 1 child | $885 | $716 | $1,165 | $494 | $781 |
| 1 adult 1 child | $885 | $463 | $711 | $494 | $651 |
| 2 adults | $672 | $575 | $909 | $0 | $613 |
| 1 adult | $647 | $314 | $455 | $0 | $534 |
Safety trends & Data
Wapello County, Iowa, has seen diverse property crime trends over the last five years, shaping its real estate landscape. Vandalism incidents jumped from 45 in 2020 to 86 in 2022, while larceny-theft cases peaked at 305 in 2018 but dropped slightly to 279 in 2022. A notable increase in fraud cases saw numbers climbing from 10 in 2018 to 37 in 2022. These crime variations likely influence investment decisions, insurance premiums, and the overall attractiveness of property development in the... Read more
Property Crime Trends in Wapello County, IA Over the Last 5 Years
Wapello County, Iowa, has experienced fluctuating trends in property crimes over the past five years, with a notable increase in vandalism from 45 incidents in 2020 to 86 in 2022 and a consistent, albeit high, number of larceny-theft cases, peaking at 305 incidents in 2018 and 279 in 2022. There was a significant spike in arson incidents in 2020 at 12, dropping to 9 by 2022. Fraud cases almost doubled from 2018 to 2022, rising from 10 to 37 incidents. Burglary and motor vehicle theft numbers have shown less dramatic, yet still evident, variations, with burglary incidents ranging from 17 in 2019 to 48 in 2020, and motor vehicle theft hovering around the low twenties. These dynamics suggest a multifaceted criminal landscape that may influence investment, insurance, property development, and real estate activities in the area.
Demographics
Wapello County, Iowa's demographic landscape reflects a fairly balanced gender split and a predominantly White population. The county shows significant diversity in educational attainment, with high school graduates (including equivalency) and those with some college but no degree representing a notable portion of the community. Age distribution skews towards adults, especially those between 25 and 64 years, indicating a stable working-age population. These trends could suggest stable workforce... Read more
Race Distribution in Wapello County, Iowa (2022)
Educational Attainment in Wapello County, Iowa (2022)
Age Distribution in Wapello County, Iowa
Citizen Population in Wapello County, Iowa (2022)
Political Trends & Data
Wapello County, Iowa, leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans capturing roughly 61% of the vote. Democrats trailed with about 37%, and third parties barely made a dent. This Republican tilt could influence local political strategies and the focus of future policies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wapello County, Iowa, appeared predominantly Republican in the 2020 U.S. Presidential Election, with around 61% of votes going to the Republican candidate. The Democratic candidate seems to have garnered approximately 37% of the vote share, while third parties collectively accounted for a negligible portion of the electorate. This trend might reflect broader political inclinations within the county, potentially shaping future political strategies and policy focus.
61.00% of voters voted for the Republican party in the 2020 Presidential Election
37.24% of voters voted for the Democrat party in the 2020 Presidential Election
1.28% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Wapello County, Iowa, the student-to-teacher ratio has consistently hovered above the national average of 14 students per teacher, with 2023 seeing peaks as high as 19 students per teacher. This could indicate challenges in delivering individualized attention, a crucial factor for families considering relocation. Real estate agents and investors might view these trends as affecting property marketability to education-focused buyers, while appraisers and insurance agents could see the ratios... Read more
Student-to-teacher ratio in Wapello County, Iowa over the last 10 years
Wapello County, Iowa has experienced fluctuations in its student-to-teacher ratios over the last ten years, typically staying above the national average of 14 students per teacher. With peaks reaching as high as 19 students per teacher in 2023, the county's ratios suggest potential challenges in providing individualized attention and quality education, which can be a crucial factor for families deciding to move to or stay in the area. For real estate agents and investors, these trends might influence the marketability of properties to education-conscious buyers. Appraisers and insurance agents could also view the student-to-teacher ratios as indicators of potential neighborhood stability and community resources, potentially impacting property valuation and insurance risk assessment.
