Washington County Real Estate and Livability Trends
Washington County, Minnesota has seen steadily rising average taxable incomes and significant home value appreciation, with home values up from $243,600 in 2015 to $379,300 in 2022. Real estate taxes per return have also almost doubled over the last decade. Noteworthy trends like the increase in residential energy tax credits and changing student-to-teacher ratios indicate evolving community... Read more
Washington County Market Trends
Washington County, Minnesota has seen robust home value appreciation, climbing from $243,600 in 2015 to $379,300 in 2022, outpacing both national and state trends. Average real estate taxes per tax return have nearly doubled over the past decade, rising from $3,539.36 in 2012 to $5,485.16 in 2021. While farm tax returns have gradually declined, the area has shown a growing trend in... Read more
Median Value of Occupied Housing Units in Washington County, Minnesota Over the Last 8 Years
Over the past eight years, Washington County, Minnesota has seen a significant appreciation in median home values, rising from $243,600 in 2015 to $379,300 in 2022. This contrasts sharply with national trends, where median home values increased from $125,500 to $179,400 over the same period. At the state level, Minnesota's median home values grew from $186,200 to $286,800. This rapid increase in Washington County's housing market could be attractive to investors looking for higher returns, while potential homeowners might face steeper entry costs.
Residential Energy Tax Credit Per Tax Return in Washington County, MN Over the Last 9 Years
The average residential energy tax credit per tax return in Washington County, Minnesota, has shown significant variability over the last nine years. Notably, there was a dramatic spike in 2018, reaching $3,492.00, which could indicate a surge in energy-efficient upgrades or installations that year. Following this peak, the credits stabilized somewhat around the $1,000.00 mark in subsequent years, suggesting a steady investment in energy-efficient solutions. This trend could imply a growing awareness and adoption of sustainable practices among residents, which might be relevant for real estate stakeholders, appraisers, and investors focusing on eco-friendly properties.
Average Real Estate Taxes Per Tax Return in Washington County, MN Over the Last 10 Years
Washington County, Minnesota has experienced a steady increase in average real estate taxes per tax return over the past decade, nearly doubling from $3,539.36 in 2012 to $5,485.16 in 2021. This trend is noteworthy for potential homebuyers and real estate investors because it highlights a significant rise in property valuations and perhaps growing demand in the area. For appraisers and insurance agents, understanding this trend can help in accurate property assessments and pricing. This data suggests that while the county has attractive real estate options, the cost of ownership is on the rise, which may impact decisions for those looking to build or purchase property in Washington County.
Percentage of Farm Returns in Washington County, MN Over the Last 10 Years
Farm tax returns in Washington County, Minnesota show a downward trend over the past decade, with percentages relatively steady but gradually declining from approximately 0.58% in 2012 to about 0.43% in 2021. These figures suggest that the county's agricultural activity is decreasing, which could affect local market dynamics and investment opportunities. Potential investors or property builders might find this data relevant as it reflects a possible shift in land use that may impact development plans and future land values in the area.
Number of Mortgages by Occupancy Type in Washington County, MN Over the Last 5 Years in Washington County
Washington County, Minnesota has seen fluctuations in the number of mortgages by occupancy type over the last five years, with principal residences consistently making up the largest share. From 2018 to 2022, mortgages for investment properties and second residences have hovered at relatively lower levels but showed slight increases and decreases. Significant peaks in 2020 and 2021 for principal residences indicate a surge perhaps due to favorable market conditions or demographic shifts. This variation in occupancy types can be crucial for potential investors or property developers as it reflects market demand and demographics trends. Appraisers and insurance agents may also find these trends useful for assessing risk and property values in the area. For real estate agents, understanding these subtle shifts provides clearer insights into client needs and market dynamics.
Economic Outlook
Washington County, Minnesota has witnessed a steady rise in average taxable income per tax return from $82,000.34 in 2013 to $115,965.01 in 2021, suggesting a thriving local economy that might appeal to investors and homebuyers. Average state and local income taxes per return have also climbed from $8,165.84 in 2012 to $18,088.19 in 2021, reflecting potential economic growth or tax policy changes. The average total tax liability per return has increased from $13,986.40 in 2012 to $21,512.53 in... Read more
Average Taxable Income per Tax Return in Washington County, MN over the last 9 years
Over the past nine years, Washington County, Minnesota has seen a consistent upward trend in average taxable income per tax return. Starting at around $82,000.34 in 2013, it has risen to approximately $115,965.01 by 2021. This growth suggests a gradually thriving local economy, which could be attractive to potential investors and homebuyers. Real estate agents and developers might find this trend indicative of a rising market, while insurance agents could view it as an opportunity to adjust their offerings in consideration of increased household incomes.
Average State and Local Income Taxes Per Tax Return in Washington County, MN Over the Last 10 Years
Washington County, Minnesota has seen a notable rise in average state and local income taxes per tax return over the past decade. From $8,165.84 in 2012 to $18,088.19 in 2021, there's been a steady climb with significant jumps in 2018 and 2020. This trend might indicate economic growth or changes in tax policies impacting residents. Potential investors or new residents should consider these tax implications when planning investments or relocations.
Average Total Tax Liability Per Tax Return in Washington County, MN Over the Last 10 Years
Washington County, Minnesota has seen a notable uptrend in the average total tax liability per tax return over the last decade. Starting at $13,986.40 in 2012, this figure has steadily climbed, peaking at $21,512.53 in 2021. This consistent increase may hint at rising incomes or property values, making the area potentially attractive for investors, real estate professionals, and those considering a move. For appraisers and insurance agents, these trends could signal a shift in market dynamics worth closer attention.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,309 | $1,693 | $1,609 | $2,666 | $2,460 |
| 1 adult 4 children | $2,309 | $1,383 | $1,259 | $2,666 | $2,613 |
| 2 adults 3 children | $2,309 | $1,383 | $1,381 | $2,666 | $2,203 |
| 1 adult 3 children | $2,309 | $1,129 | $1,032 | $2,666 | $2,417 |
| 2 adults 2 children | $1,699 | $1,132 | $1,154 | $2,368 | $1,695 |
| 1 adult 2 children | $1,699 | $846 | $804 | $2,368 | $1,857 |
| 2 adults 1 child | $1,699 | $895 | $927 | $1,399 | $1,293 |
| 1 adult 1 child | $1,699 | $578 | $577 | $1,399 | $1,383 |
| 2 adults | $1,385 | $719 | $699 | $0 | $865 |
| 1 adult | $1,213 | $392 | $350 | $0 | $724 |
Safety trends & Data
Washington County, Minnesota has shown fluctuating property crime rates over the last five years. Larceny-theft reached a high of 985 incidents in 2019 before dropping off. Burglary topped out at 96 incidents in the same year, rarely surpassing 100. Vandalism and fraud saw noticeable peaks in 2018 and 2019, while motor vehicle theft and arson stayed consistently low. These trends suggest a blend of stability and caution for residents and investors, impacting considerations for the real estate... Read more
Property Crime Trends in Washington County, MN Over the Last 5 Years
Washington County, Minnesota has seen dynamic shifts in property crime over the last five years. Larceny-theft consistently topped the chart, peaking at 985 incidents in 2019 before declining. Burglary fluctuated but never exceeded 100 incidents except in 2019 with 96. Vandalism and fraud also exhibited noticeable activity, with peaks in 2018 and 2019 respectively, while motor vehicle theft and arson remained relatively low throughout the period. Despite some years seeing spikes, overall property crime trends have hovered within a consistent range, making this area a mix of predictability and caution for residents, investors, and those in the real estate and insurance sectors.
Demographics
Washington County, Minnesota sees a fairly balanced gender distribution with slightly more females than males. Education trends show a majority with some college experience, and bachelor's or higher degrees are significant, suggesting a well-educated population. Age-wise, there’s a considerable young population under 10 years and a strong presence of adults between 35 and 64 years, indicating a diverse age structure. Racially, the county is predominantly White, though there are notable Asian... Read more
Race Distribution in Washington County, Minnesota (2022)
Educational Attainment in Washington County, Minnesota (2022)
Age Distribution in Washington County, Minnesota
Citizen Population in Washington County, Minnesota (2022)
Political Trends & Data
Washington County, Minnesota leaned slightly Democratic in the 2020 Presidential Election, with the Democratic party capturing just over 53% of the vote while Republicans followed closely with around 44%. The minimal impact of third parties such as Libertarian and Green suggests a strong influence of the two major parties, potentially mirroring broader national trends or specific local political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Washington County in Minnesota leaned slightly Democratic in the 2020 Presidential Election, with the Democratic party capturing just over 53% of the vote. Republicans followed closely, securing approximately 44%. Other parties, including Libertarian, Green, and various others, collectively made up a small fraction of the vote, possibly indicating limited third-party influence in this area. These trends might reflect broader national patterns or unique local dynamics.
44.23% of voters voted for the Republican party in the 2020 Presidential Election
53.46% of voters voted for the Democrat party in the 2020 Presidential Election
1.14% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Green party in the 2020 Presidential Election
0.89% of voters voted for the Other party in the 2020 Presidential Election
School Data
Washington County, Minnesota's student-to-teacher ratio has seen significant changes over the past decade, peaking at nearly 27 in 2015, before settling around 17 in 2023. This figure often exceeds the national average of 14, hinting at possible population growth and a need for more educational infrastructure. For investors, developers, and real estate agents, such dynamics could signal opportunities in school construction or renovation. Families might find the fluctuating ratios concerning for... Read more
Student-to-teacher ratio in Washington County, Minnesota over the last 10 years
Washington County, Minnesota's student-to-teacher ratio has shown notable fluctuations over the past decade. From a low of around 14 students per teacher in 2014, it spiked dramatically to nearly 27 in 2015, then gradually stabilized with some variability, settling around 17 in the most recent year, 2023. Compared to the current national average of 14, the county frequently exceeds this, which could suggest more crowded classrooms. For potential investors, developers, and real estate agents, higher ratios might indicate growing population pressures and potential demand for more educational infrastructure. For families considering a move, these fluctuations could raise concerns about personalized attention in classrooms. Appraisers and insurance agents might see this as a marker for community growth trends or shifts in local priorities regarding education funding.
