Washington County Real Estate and Livability Trends
Washington County, Maine's average taxable income per tax return rose from $45,596.29 in 2019 to $54,000.54 by 2021, with state and local income taxes climbing to $9,594.59, suggesting shifts in income levels or fiscal policies. Median home values increased from $106,900 in 2015 to $135,400 in 2022, indicating modest appreciation. Real estate taxes saw a notable jump from $3,217.67 in 2012 to... Read more
Washington County Market Trends
Washington County, Maine's median home values have risen from $106,900 in 2015 to $135,400 in 2022, indicating a consistent yet modest appreciation compared to the faster growth seen across the state or nationally. Residential energy tax credits surged, with the highest average at $936.00 in 2021, suggesting a local emphasis on energy-efficient home improvements. Real estate taxes increased... Read more
Median Value of Occupied Housing Units in Washington County, Maine Over the Last 8 Years
Over the past eight years, the median home values in Washington County, Maine have seen a relatively steady rise, increasing from $106,900 in 2015 to $135,400 in 2022. This growth trajectory, although modest when compared to the broader state of Maine, which saw home values jump from $173,800 to $244,800 in the same timeframe, indicates a slower but consistent appreciation. On a national scale, home values went from $125,500 in 2015 to $179,400 in 2022. For investors and potential homeowners, this suggests that while Washington County may offer relatively affordable entry points, the growth rate is slower compared to larger state or national trends, potentially indicating less volatility and a more stable investment.
Residential Energy Tax Credit Per Tax Return in Washington County, ME Over the Last 9 Years
Washington County, Maine has seen notable fluctuations in average residential energy tax credits per tax return over the past nine years. Starting at around $312.20 in 2013, the credit steadily increased, peaking dramatically at $750.00 in 2018 before seeing a slight decrease in subsequent years. However, the trend reached its highest point in 2021 with an average of $936.00. For potential investors, homeowners, and real estate agents, this upward trend in residential energy incentives may suggest a growing focus on energy-efficient home improvements in the area. Appraisers and insurance agents might find this data useful for assessing property values and insurance rates, respectively, considering the likely increase in property upgrades aimed at maximizing these credits.
Average Real Estate Taxes Per Tax Return in Washington County, ME Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Washington County, Maine have seen a notable upward trend. Starting at around $3,217.67 in 2012, the figures have steadily increased, reaching a peak of approximately $5,359.46 in 2020 before stabilizing slightly in 2021 at $5,342.86. This steady rise in real estate taxes could be a point of interest for potential investors, appraisers, and those looking to move into the area, indicating a pattern of increasing property values and potentially shifting financial commitments. Real estate agents and insurance agents may also find these trends useful when considering market evaluations and risk assessments.
Percentage of Farm Returns in Washington County, ME Over the Last 10 Years
Over the last decade, Washington County, Maine experienced fluctuating yet generally declining trends in farm tax returns, peaking at approximately 2.45% in 2014 and dipping to around 1.49% in 2021. Farm tax returns represent farm-related income reported on tax filings, useful for gauging the agricultural sector's health. This downtrend may imply challenges for local farming, which could influence decisions for investing, relocating, or developing property in the area.
Number of Mortgages by Occupancy Type in Washington County, ME Over the Last 5 Years in Washington County
The data from Washington County, Maine reveals some intriguing trends in mortgage activity over the past five years. Principal residences dominate the mortgage landscape, with a noticeable uptick in 2021 and 2022 compared to 2018 and 2019. Second residences saw a significant rise in 2021, while investment properties maintained a steady, lower volume. These shifts might signal changing residential preferences or investment strategies in the area. For potential investors, insurance agents, and appraisers, understanding these patterns helps anticipate market demands and property values. Real estate agents and those considering a move could benefit from noting the growing market for principal and second residences, which might hint at a thriving community or appealing local amenities.
Economic Outlook
Washington County, Maine has seen a notable rise in average taxable income per tax return, increasing from $45,596.29 in 2019 to $54,000.54 by 2021, which could suggest a positive economic trajectory. This period also saw state and local income taxes climbing from $5,490.91 in 2012 to $9,594.59 by 2021, hinting at higher fiscal demands or shifts in income levels. Furthermore, the average total tax liability per tax return rose from $4,850.49 in 2012 to $7,345.62 by 2021, reflecting potentially... Read more
Average Taxable Income per Tax Return in Washington County, ME over the last 9 years
Washington County, Maine has seen a generally upward trend in average taxable income per tax return over the past nine years, with a notable jump from $45,596.29 in 2019 to $54,000.54 in 2021. This increase could suggest a steady economic growth, which might be attractive to investors, real estate agents, and those considering relocating to the area. This shift potentially reflects a broad range of factors like employment opportunities, local economic policies, and quality of life enhancements in Washington County.
Average State and Local Income Taxes Per Tax Return in Washington County, ME Over the Last 10 Years
Over the past decade, state and local income taxes per tax return in Washington County, Maine, have generally trended upwards. In 2012, the average tax per return was approximately $5,490.91 but saw a notable increase to $9,594.59 by 2021. This steady rise indicates growing fiscal demands or shifts in income levels that prospective investors and residents should consider. Higher taxes might reflect increasing property values or enhanced public services, aspects that could impact both the cost of living and the potential returns on real estate investments in the area.
Average Total Tax Liability Per Tax Return in Washington County, ME Over the Last 10 Years
Over the past decade in Washington County, Maine, there's been a significant increase in the average total tax liability per tax return, starting at $4,850.49 in 2012 and climbing to $7,345.62 by 2021. This rising trend could imply growing income levels or changes in tax policy, potentially affecting decisions for those considering investments, relocations, or property developments in the area. The noticeable uptick from 2020 to 2021 might be of particular interest for real estate agents and appraisers, signaling changes in the economic landscape.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,181 | $1,540 | $2,251 | $1,496 | $1,520 |
| 1 adult 4 children | $1,181 | $1,258 | $1,722 | $1,496 | $1,665 |
| 2 adults 3 children | $1,181 | $1,258 | $1,953 | $1,496 | $1,224 |
| 1 adult 3 children | $1,181 | $1,027 | $1,424 | $1,496 | $1,347 |
| 2 adults 2 children | $889 | $1,030 | $1,655 | $1,307 | $971 |
| 1 adult 2 children | $889 | $769 | $1,126 | $1,307 | $950 |
| 2 adults 1 child | $889 | $814 | $1,357 | $692 | $845 |
| 1 adult 1 child | $889 | $526 | $828 | $692 | $714 |
| 2 adults | $675 | $654 | $1,059 | $0 | $652 |
| 1 adult | $651 | $357 | $529 | $0 | $576 |
Safety trends & Data
Washington County, Maine, has experienced variable trends in property crime over the last five years. In 2019, burglary incidents peaked at 15 but dropped to just 3 in 2022, showing a downward trend. Larceny - Theft is the most common crime, ranging from 26 to 41 cases per year. Motor vehicle theft had an unusual spike to 10 cases in 2020 but generally stays low. Vandalism has seen volatile changes, peaking at 39 incidents in 2019. These fluctuations suggest a persistent but unpredictable issue... Read more
Property Crime Trends in Washington County, ME Over the Last 5 Years
Over the past five years, Washington County, Maine, has seen fluctuating trends in property crime. Burglary occurrences peaked in 2019 with 15 incidents but have generally declined, with only 3 in 2022. Larceny - Theft remains the most frequent crime, varying between 26 and 41 incidents annually. Motor vehicle theft spiked to 10 cases in 2020 but typically remains low. Vandalism saw significant ups and downs, noticeably peaking at 39 occurrences in 2019. This data suggests a sporadic but persistent issue with property crime, highlighting variability in different crime categories. Understanding these trends could be crucial for potential investors, real estate agents, or anyone interested in property development and safety in the area.
Demographics
Washington County in Maine shows a relatively balanced gender distribution among adults, likely indicating a stable community structure. Educational attainment appears diverse, with the majority having completed high school, and a notable proportion possessing higher education degrees, which could hint at available educational resources or demographic influxes. The age distribution skews toward older adults, suggesting an aging population that may impact healthcare and community services. The... Read more
Race Distribution in Washington County, Maine (2022)
Educational Attainment in Washington County, Maine (2022)
Age Distribution in Washington County, Maine
Citizen Population in Washington County, Maine (2022)
Political Trends & Data
Washington County in Maine saw a likely Republican lean in the 2020 U.S. Presidential Election, with roughly 58% of votes favoring the Republican candidate. Democrats pulled in about 38%, and third-party options received minimal support. This suggests a two-party dominance with a potential Republican sway in the political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Washington County, Maine, the 2020 U.S. Presidential Election results showed a likely Republican tilt, with approximately 58% of the vote going to the Republican candidate. Democrats garnered close to 38%, while third-party options, including Libertarians and Greens, accrued only minor fractions of the total vote. These figures indicate a predominately two-party system with Republicans possibly having a stronger influence in this area.
58.02% of voters voted for the Republican party in the 2020 Presidential Election
38.48% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% of voters voted for the Livertarian party in the 2020 Presidential Election
0.81% of voters voted for the Green party in the 2020 Presidential Election
1.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Washington County, Maine, has seen its student-to-teacher ratio remain below 11, with 2023 seeing a drop to 9.2. This is notably less than the national average of 14, hinting at smaller class sizes and more personalized education. This factor might be appealing to families and could signal a stable market for family-oriented residential developments, making it an attractive point for real estate agents. It could also suggest a stable community, relevant for appraisers and insurance agents.... Read more
Student-to-teacher ratio in Washington County, Maine over the last 10 years
In Washington County, Maine, the student-to-teacher ratio has fluctuated over the past decade, generally staying below 11. Despite a peak at 10.27 students per teacher in 2016, recent years have seen a decline, reaching 9.2 in 2023. This ratio is significantly lower than the current national average of 14 students per teacher, suggesting smaller class sizes that may be particularly appealing to families prioritizing individual attention in education. For investors, this trend could indicate a stable or even attractive environment for family-oriented residential developments. Real estate agents might find this a strong selling point, while appraisers and insurance agents could see it as a sign of community stability. Those moving to the area could expect more personalized schooling experiences compared to other parts of the United States.
