Waldo County Real Estate and Livability Trends
Waldo County, Maine has seen a significant rise in average taxable income from $44,389.17 in 2013 to $63,125.73 in 2021, indicating a potentially strengthening local economy. Median home values climbed from $157,800 in 2015 to $210,600 in 2022, suggesting steady real estate appreciation. Average state and local income taxes surged, reflecting economic shifts that could impact investors and new... Read more
Waldo County Market Trends
Over the past eight years, median home values in Waldo County, Maine, have climbed from $157,800 in 2015 to $210,600 in 2022, signaling consistent growth and positioning the county as a more affordable option compared to the state median of $244,800. Residential energy tax credits have increased, peaking at around $2,941.67 in 2018 before stabilizing at $1,084.10 to $1,192.31 from 2020 to 2021,... Read more
Median Value of Occupied Housing Units in Waldo County, Maine Over the Last 8 Years
Over the past eight years, median home values in Waldo County, Maine, have shown consistent growth from $157,800 in 2015 to $210,600 in 2022. While Waldo County has experienced a marked increase, it's still more affordable compared to the state median, which soared from $173,800 to $244,800 in the same period. Even against the national average, Waldo County's median values demonstrate higher growth, keeping up with the overall uptrend in the housing market but offering a relatively more economical option. This trend could be advantageous for potential investors and homebuyers seeking growth potential without the higher initial investment typical in the broader Maine market.
Residential Energy Tax Credit Per Tax Return in Waldo County, ME Over the Last 9 Years
Waldo County, Maine, has seen a notable increase in the average residential energy tax credit per tax return over the past nine years. Starting at around $460.94 in 2013, there was a significant peak in 2018 at approximately $2,941.67. Though there was a dip in subsequent years, the values have stabilized around $1,084.10 to $1,192.31 from 2020 to 2021. This trend might be indicative of growing investments in energy-efficient home improvements or incentives making energy-efficient upgrades more accessible, which could be appealing for homeowners and real estate investors looking for properties with sustainable features.
Average Real Estate Taxes Per Tax Return in Waldo County, ME Over the Last 10 Years
Over the past decade, Waldo County, Maine, has seen a consistent rise in real estate taxes per tax return, jumping from around $3,490.44 in 2012 to about $6,240.79 by 2021. The most notable spikes occurred between 2017 and 2018, with taxes increasing from approximately $4,601.06 to $5,834.09, suggesting a surge in property valuations or tax rates. For investors, real estate agents, and appraisers, this upward trend could indicate a tightening market with potentially higher property values and increased demand. Insurance agents and those considering moving to Waldo County might also need to factor these elevated tax costs into their planning.
Percentage of Farm Returns in Waldo County, ME Over the Last 10 Years
Over the last decade, Waldo County, Maine has seen only minor fluctuations in the percentage of farm tax returns, with a slight downward trend from 1.85% in 2012 to 1.63% in 2021. Farm tax returns, which reflect income derived from agriculture, can indicate the economic health of rural regions. Investors, developers, and prospective residents might find these figures useful when assessing the stability and growth potential of the agricultural sector in this locale. This data could suggest evolving economic activities or shifts in land use, which might impact future development opportunities and local property values.
Number of Mortgages by Occupancy Type in Waldo County, ME Over the Last 5 Years in Waldo County
In Waldo County, Maine, there's been a noticeable fluctuation in the number of mortgages associated with different occupancy types over the last five years. Principal residences have seen a variable yet generally high demand, peaking in 2021, which could indicate a trend towards more stable, long-term homeownership. Investment properties, on the other hand, display a slight decline, which might suggest weaker investor confidence or shifting market conditions unattractive to landlords. Second residences have fluctuated with significant increases around 2021, potentially reflecting changing lifestyle preferences or a surge in demand for vacation homes. These trends could have significant implications for investors, potential homeowners, and real estate professionals, as shifts in occupancy type can impact local housing market dynamics, price stability, and the economic landscape of the county.
Economic Outlook
Waldo County, Maine has experienced a notable increase in average taxable income over the last nine years, rising from $44,389.17 in 2013 to $63,125.73 in 2021. This steady growth suggests a strengthening economy and may hint at rising property values. Additionally, average state and local income taxes surged from $5,628.28 in 2012 to $12,488.73 in 2021, reflecting a shifting economic landscape. The average total tax liability per tax return also climbed, from approximately $5,967.75 in 2012 to... Read more
Average Taxable Income per Tax Return in Waldo County, ME over the last 9 years
Waldo County, Maine has seen a steady increase in average taxable income per tax return over the last nine years, rising from $44,389.17 in 2013 to $63,125.73 in 2021. This upward trend could indicate a strengthening local economy and potential for higher property values. Individuals interested in moving or investing in Waldo County might find this growth promising, while appraisers and real estate agents should consider these income trends when assessing market dynamics and pricing strategies. For insurance agents, understanding these trends may be useful in evaluating risk and premium determinations.
Average State and Local Income Taxes Per Tax Return in Waldo County, ME Over the Last 10 Years
Waldo County, Maine has seen a significant uptick in average state and local income taxes per tax return over the past decade. From $5,628.28 in 2012, it escalated to $12,488.73 by 2021. Notable spikes occurred around 2018, with an increase to $9,784.52 and continuing to rise sharply afterward. This trend is indicative of a changing economic landscape which could impact decisions on investments, property developments, and residency within the county. Potential investors and residents should consider these tax trends when evaluating the financial viability of moving or investing in Waldo County.
Average Total Tax Liability Per Tax Return in Waldo County, ME Over the Last 10 Years
Average total tax liability per tax return in Waldo County, Maine, has shown a generally upward trend over the past decade. Starting from around $5,967.75 in 2012, there were incremental increases, peaking noticeably in 2021 at approximately $8,876.98. This may suggest growing income levels or adjusted tax policies. For those considering investment or relocation, understanding these changes is crucial as they reflect on the evolving economic landscape of the county. Real estate agents, appraisers, and insurance agents might find this data particularly relevant when assessing the financial health region and advising clients.
Cost of Living in Waldo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,390 | $1,721 | $2,009 | $1,456 | $1,603 |
| 1 adult 4 children | $1,390 | $1,406 | $1,535 | $1,456 | $1,745 |
| 2 adults 3 children | $1,390 | $1,406 | $1,744 | $1,456 | $1,298 |
| 1 adult 3 children | $1,390 | $1,148 | $1,270 | $1,456 | $1,442 |
| 2 adults 2 children | $1,142 | $1,151 | $1,479 | $1,270 | $1,049 |
| 1 adult 2 children | $1,142 | $860 | $1,004 | $1,270 | $1,065 |
| 2 adults 1 child | $1,142 | $910 | $1,214 | $666 | $921 |
| 1 adult 1 child | $1,142 | $588 | $739 | $666 | $798 |
| 2 adults | $896 | $731 | $948 | $0 | $728 |
| 1 adult | $891 | $399 | $474 | $0 | $665 |
Safety trends & Data
Waldo County, Maine has seen notable shifts in property crime rates over the past five years, with larceny-theft being the most common, peaking at 49 incidents in 2018 and dipping to 18 in 2019. Burglary saw a significant spike in 2021 with 13 incidents, then dropped to 5 in 2022. Motor vehicle theft hit its highest at 7 incidents in 2020, while other crimes like fraud and vandalism have generally remained lower. These fluctuating crime trends could be pivotal for potential investors,... Read more
Property Crime Trends in Waldo County, ME Over the Last 5 Years
Over the past five years, Waldo County, Maine has seen a noticeable fluctuation in property crime rates. Larceny-theft consistently emerges as the most prevalent type, peaking at 49 incidents in 2018 and dropping to as low as 18 in 2019, before stabilizing around 30-34 incidents in recent years. Burglary rates exhibit year-on-year variability with a significant spike in 2021 at 13 incidents, followed by a drop to 5 in 2022. Motor vehicle theft hit its highest in 2020 at 7 incidents, while other crimes like forgery, fraud, and vandalism generally remained lower in frequency. These crime trends highlight the changing safety dynamics essential for potential investors, residents, and real estate professionals in the region.
Demographics
Waldo County, Maine reveals a balanced gender distribution among adults with marginally more females than males. The educational attainment data suggests a significant portion of residents hold at least a high school diploma, although fewer have pursued higher education beyond a bachelor's degree. The age distribution indicates an aging population, with a notable share of residents aged 55 and older. Racially, the county is predominantly White, though there are small representations of other... Read more
Race Distribution in Waldo County, Maine (2022)
Educational Attainment in Waldo County, Maine (2022)
Age Distribution in Waldo County, Maine
Citizen Population in Waldo County, Maine (2022)
Political Trends & Data
Waldo County, Maine, exhibited a competitive political landscape in the 2020 U.S. Presidential Election. Democrats potentially captured around 50% of the vote, while Republicans secured roughly 46%. Third-party influence was minimal, with Libertarians and Greens each garnering about 1-2%. This slight Democratic edge suggests a dynamic and closely contested electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Waldo County, Maine, showed a notable tilt towards the Democratic Party in the 2020 U.S. Presidential Election, with Democrats potentially capturing approximately 50% of the votes. Republicans followed closely, potentially securing about 46%. Third parties, while present, had a minor impact, with Libertarians and Greens each hovering around 1-2%. The data suggests a competitive political landscape with a slight Democratic edge.
45.58% of voters voted for the Republican party in the 2020 Presidential Election
50.25% of voters voted for the Democrat party in the 2020 Presidential Election
1.64% of voters voted for the Livertarian party in the 2020 Presidential Election
1.41% of voters voted for the Green party in the 2020 Presidential Election
1.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Waldo County, Maine, has ranged from twelve in 2016 to about ten in 2022, consistently remaining below the national average of fourteen students per teacher. Smaller class sizes could attract families valuing individualized attention for their children, potentially boosting real estate demand. Quality education and better student-teacher ratios are key considerations for investors, property developers, and new residents looking at areas... Read more
Student-to-teacher ratio in Waldo County, Maine over the last 10 years
Over the past decade, the student-to-teacher ratio in Waldo County, Maine has shown fluctuations, ranging from a high of twelve in 2016 to a low of about ten in 2022. Compared to the national average of fourteen students per teacher, Waldo County consistently maintains a more favorable ratio. This trend could imply smaller class sizes, which might attract families valuing individualized attention for their children and could also influence real estate demand positively. Education quality and attention to students' needs are pivotal for investors, property developers, and prospective residents contemplating a move to areas within Maine.
