Wright County Real Estate and Livability Trends
In Wright County, Iowa, the median home values have seen a steady rise, moving from $73,400 in 2015 to $105,400 in 2022, remaining significantly lower than both the state and national medians. The real estate taxes nearly doubled from $2,042.37 in 2012 to $3,923.53 in 2021, suggesting shifts in property valuations or tax policies. There's also interesting movement in rural farm tax returns, which... Read more
Wright County Market Trends
Wright County, Iowa has seen its median home values rise steadily from $73,400 in 2015 to $105,400 in 2022, staying more affordable than Iowa's $181,600 median and the $179,400 national average. Residential energy tax credits saw a peak at $486.67 in 2014 but dropped to $300.00 by 2019, rebounding slightly to $385.71 in 2021, signaling potential policy influences or investment changes. Real... Read more
Median Value of Occupied Housing Units in Wright County, Iowa Over the Last 8 Years
Wright County, Iowa has experienced a consistent increase in median home values over the last eight years, rising from $73,400 in 2015 to $105,400 in 2022. Despite this growth, Wright County remains significantly more affordable than both the state of Iowa, where the median value reached $181,600 in 2022, and the national average, which hit $179,400. For those looking to invest, build, or relocate, Wright County offers a cost-effective option in contrast to the broader market trends.
Residential Energy Tax Credit Per Tax Return in Wright County, IA Over the Last 8 Years
Investors and those interested in Wright County, Iowa, might note the fluctuating trends in residential energy tax credits over the last eight years. The average tax credit peaked at $486.67 around 2014 but saw a reduction by 2019, dropping to $300.00. Although there was a slight recovery to $385.71 by 2021, the inconsistency may suggest variable investments in energy efficiency or changes in policy incentives. This variability could be relevant for decision-making around property investments, energy upgrades, and other related financial planning.
Average Real Estate Taxes Per Tax Return in Wright County, IA Over the Last 10 Years
Over the last decade, Wright County, Iowa has seen a notable increase in average real estate taxes per tax return, rising from approximately $2,042.37 in 2012 to around $3,923.53 in 2021. This trend, particularly the sharp upticks around 2018 and 2019, might be of interest to potential investors, homeowners, and real estate professionals as it suggests a significant shift in property valuation or tax rate changes. The potential rising cost of property tax has implications for budgeting, financing, and overall property affordability in the county.
Percentage of Farm Returns in Wright County, IA Over the Last 10 Years
Wright County, Iowa has seen some fluctuations in the percentage of farm tax returns over the past decade, with a slight overall decline from about 8.90% in 2012 to roughly 7.91% in 2021. This data could suggest varying factors such as changes in farm profitability, shifts in agricultural policy, or broader economic conditions affecting the viability of farming. For potential investors and those looking to build or move here, it's essential to keep an eye on these trends for insights into the agricultural economy's health.
Number of Mortgages by Occupancy Type in Wright County, IA Over the Last 5 Years in Wright County
Wright County, Iowa has seen fluctuations in mortgage counts across occupancy types over the last five years, with principal residences consistently leading the way. Investment properties have remained relatively stable, while second residences showed varied activity, peaking slightly in 2019. Changes in occupancy type matter as they reflect shifting demographics and local economic conditions; higher principal residence mortgages may signal growing population and demand for permanent housing, which impacts property values, development potential, and insurance risks. Investors, real estate agents, and appraisers should particularly take note of these trends when assessing market dynamics and future opportunities in the area.
Economic Outlook
In Wright County, Iowa, the average taxable income per tax return has trended upward from $53,454.33 in 2013 to $65,142.65 by 2021, suggesting possible economic growth. Meanwhile, state and local income taxes have also generally increased, with a notable peak at $8,552.38 in 2019, likely reflecting local economic shifts or policy adjustments. The total tax liability per tax return showed variability, hitting a low of $6,712.11 in 2019 and rising to $8,572.89 in 2021. These trends provide useful... Read more
Average Taxable Income per Tax Return in Wright County, IA over the last 9 years
Average taxable income in Wright County, Iowa has shown noticeable variability but an overall upward trend over the past nine years. Starting around $53,454.33 in 2013, there were minor dips but significant increases, leading to a peak of $65,142.65 by 2021. For potential investors and residents, this could suggest economic growth or increasing earning potential in the county, making it a compelling area for real estate or business opportunities.
Average State and Local Income Taxes Per Tax Return in Wright County, IA Over the Last 10 Years
Wright County, Iowa's average state and local income taxes per tax return have seen a generally upward trend over the past decade, peaking at $8,552.38 in 2019. These fluctuations provide insight into the evolving financial landscape, potentially reflecting local economic changes and tax policy adjustments. For investors and potential residents, understanding these trends can help gauge the financial environment and predict future tax obligations. The post-2018 increase, particularly, hints at responses to broader economic conditions such as those following significant federal tax reforms or local economic developments.
Average Total Tax Liability Per Tax Return in Wright County, IA Over the Last 10 Years
The average total tax liability per tax return in Wright County, Iowa fluctuated over the past decade, seeing highs around $8,572.89 in 2021 and lows approximately $6,712.11 in 2019. Potential investors or residents might find it noteworthy that while 2018 and 2019 showcased the lowest tax burdens, recent years trend upward, reflecting potential economic changes in the area. This context could influence financial planning and investment decisions for those considering the county.
Cost of Living in Wright County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $968 | $1,412 | $2,164 | $1,068 | $1,284 |
| 1 adult 4 children | $968 | $1,153 | $1,657 | $1,068 | $1,410 |
| 2 adults 3 children | $968 | $1,153 | $1,877 | $1,068 | $1,040 |
| 1 adult 3 children | $968 | $941 | $1,370 | $1,068 | $1,134 |
| 2 adults 2 children | $795 | $944 | $1,589 | $931 | $916 |
| 1 adult 2 children | $795 | $705 | $1,082 | $931 | $870 |
| 2 adults 1 child | $795 | $746 | $1,302 | $488 | $827 |
| 1 adult 1 child | $795 | $482 | $795 | $488 | $677 |
| 2 adults | $604 | $599 | $1,014 | $0 | $650 |
| 1 adult | $581 | $327 | $507 | $0 | $549 |
Safety trends & Data
Wright County, Iowa has seen some ups and downs in property crime over the past five years. Burglary spiked in 2020 with 4.0 reported cases before dipping to just 1.0 in subsequent years. Larceny-theft showed inconsistency, dropping after 2018 but making a slight comeback in 2022. Motor vehicle thefts remained minimal yet steady, and vandalism peaked notably in 2019. A few instances of stolen property and forgery diversify the property crime landscape, suggesting a varying but generally... Read more
Property Crime Trends in Wright County, IA Over the Last 5 Years
Wright County, Iowa has experienced some fluctuations in property crime over the past five years. Burglary incidents peaked in 2020 with 4.0 reported cases before dropping to just 1.0 in subsequent years. Larceny-theft appears to be relatively inconsistent, seeing a sharp decline after 2018 but resurging slightly in 2022. Motor vehicle thefts were minimal but consistent, and vandalism was significant only in 2019. Interestingly, there were a few cases related to stolen property and forgery, indicating diverse property crime issues. For prospective investors, real estate agents, and residents, these trends suggest a varying but generally contained landscape of property crime in Wright County.
Demographics
Wright County, Iowa shows a fairly balanced gender distribution among adults with a slight male majority. Education levels highlight a strong leaning towards high school completion and some college experience, with relatively few attaining graduate or professional degrees. Age distribution indicates a predominantly middle-aged population, but with significant portions of both younger and older age brackets. The racial composition is overwhelmingly White, with very small percentages of other... Read more
Race Distribution in Wright County, Iowa (2022)
Educational Attainment in Wright County, Iowa (2022)
Age Distribution in Wright County, Iowa
Citizen Population in Wright County, Iowa (2022)
Political Trends & Data
In Wright County, Iowa, the 2020 U.S. Presidential Election exhibited a considerable tilt towards Republican candidates, who captured about 66% of the vote. Democrats were only able to garner around 32%, with minor parties like the Libertarians and Greens having minimal impact. This pronounced political leaning could hint at strong, possibly deep-seated conservative values prevalent among local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Wright County, Iowa, the 2020 U.S. Presidential Election saw a strong leaning towards Republican candidates, possibly reflecting broader political trends in rural Midwestern counties. With Republicans securing approximately 66% of the vote, Democrats trailed significantly at around 32%. Third parties like the Libertarians and the Greens barely made a dent, suggesting limited alternative political influence. This voting pattern might indicate a deeply entrenched partisan alignment with conservative values in Wright County.
66.33% of voters voted for the Republican party in the 2020 Presidential Election
31.92% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.54% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Wright County, Iowa, has hovered around the national average of fourteen students per teacher, peaking at fifteen in 2017. By 2023, the ratio improved to approximately thirteen, potentially indicating better classroom conditions and more personalized instruction. These trends are crucial for investors and real estate agents, as favorable ratios can enhance the area's appeal to families. Appraisers and insurance agents may also find stable ratios indicative of... Read more
Student-to-teacher ratio in Wright County, Iowa over the last 10 years
The student-to-teacher ratio in Wright County, Iowa, has shown some fluctuation over the past decade, generally hovering around the national average of fourteen students per teacher. Notably, the ratio peaked at around fifteen in 2017, signaling a potential strain on educational resources that year. However, by 2023, the ratio stabilized at approximately thirteen, which could suggest improved classroom conditions and more personalized instruction. These trends are crucial for investors and real estate agents since a more favorable student-to-teacher ratio can enhance the appeal of the area for families. Appraisers and insurance agents may also want to consider these figures when evaluating properties and risks, as a stable ratio often reflects well on community infrastructure.
