Benton County Real Estate and Livability Trends
Benton County, Oregon has seen average taxable income per tax return jump from around $63,373.73 in 2013 to approximately $94,581.53 in 2021, possibly enticing higher-income residents. Median home values surged from $269,700 in 2015 to $442,300 in 2022, signaling a hot real estate market. Real estate taxes have also risen, reflecting escalating property values and potential affordability... Read more
Benton County Market Trends
Benton County, Oregon, has seen its median home values jump from $269,700 in 2015 to $442,300 in 2022, significantly outpacing both the national and state increases. The surge in valuations might attract investors and new residents interested in viable investment opportunities and favorable living conditions. The average residential energy tax credit in the county hit a high of $3685.71 in 2018... Read more
Median Value of Occupied Housing Units in Benton County, Oregon Over the Last 8 Years
Over the past eight years, Benton County, Oregon’s median home values have surged from $269,700 in 2015 to $442,300 in 2022, reflecting a robust upwards trend. This growth significantly outpaces the national median, which increased from $125,500 to $179,400 over the same period, and even exceeds Oregon’s state median rise from $237,300 to $423,100. This persistent increase in median home values could attract potential investors and new residents looking for promising investment opportunities and desirable living conditions in Benton County.
Residential Energy Tax Credit Per Tax Return in Benton County, OR Over the Last 9 Years
Benton County, Oregon has seen significant fluctuations in residential energy tax credits per tax return over the past nine years. A noticeable spike occurred in 2018 when the average credit reached $3685.71. Although the following years enjoyed higher-than-average values compared to early years, the average credit in 2021 was $1417.65, which is still more than double the 2013 value. These trends suggest increasing homeowner investments in energy-efficient improvements, which could attract eco-conscious buyers or investors aiming for properties with lower energy costs. Appraisers and insurance agents might also note the potential impact on property valuations and risks associated with energy efficiency upgrades.
Average Real Estate Taxes Per Tax Return in Benton County, OR Over the Last 10 Years
Over the past decade, Benton County, Oregon has seen a notable increase in average real estate taxes per tax return, rising from $3,925.63 in 2012 to $6,207.49 in 2021. This upward trend makes it clear that property taxes have consistently climbed year over year. For those thinking about investing, moving, or building property in the area, it might be worth considering the potential for escalating costs. Moreover, this trend is particularly relevant for real estate agents, appraisers, and insurance agents who operate within the region, as it indicates a steady increase in property-related expenses.
Percentage of Farm Returns in Benton County, OR Over the Last 10 Years
Farm tax returns in Benton County, Oregon have generally shown a declining trend over the past decade. Starting at roughly 2.37% in 2012, the percentage of farm returns has dipped to approximately 1.88% by 2021. This could imply shifts in the local agricultural economy or changes in land use. For potential investors or those considering moving to the area, these insights might suggest emerging opportunities or areas of caution in agricultural investments.
Number of Mortgages by Occupancy Type in Benton County, OR Over the Last 5 Years in Benton County
Investing in Benton County, Oregon? There’s been a notable shift in the number of mortgages across different occupancy types over the past five years. Mortgages for principal residences saw a significant peak in 2021 with 5,606, nearly doubling from 2018's 2,898. Investment property mortgages also hit a high in 2021 with 582, following a more gradual rise from 312 in 2018. Second residences have fluctuated more subtly, peaking in 2020 with 121 mortgages. These shifts could indicate changing buyer preferences or investor confidence, possibly driven by market conditions or evolving economic factors. Understanding these trends is crucial for anyone considering buying, selling, insuring, or building properties in the area.
Economic Outlook
Benton County, Oregon has seen a steady rise in average taxable income per tax return, jumping from around $63,373.73 in 2013 to approximately $94,581.53 in 2021. This trend hints at a growing economic base and possibly an influx of higher-income residents, making the market potentially attractive for investors and developers. Alongside this, the county has experienced a significant increase in state and local income taxes, from about $8,114.49 in 2012 to $18,233.18 in 2021, which may imply... Read more
Average Taxable Income per Tax Return in Benton County, OR over the last 9 years
Benton County, Oregon has seen a notable increase in average taxable income per tax return over the past nine years, climbing from approximately $63,373.73 in 2013 to around $94,581.53 in 2021. This upward trend suggests a growing economic base and possibly an influx of higher-income residents. For investors, this could indicate a robust market with rising property values, while insurance agents might see this as a sign of increased risk profiles due to higher asset values. Real estate agents and builders could find opportunities in a market that's likely appreciating, making it attractive for development and sales.
Average State and Local Income Taxes Per Tax Return in Benton County, OR Over the Last 10 Years
Over the past decade, Benton County, Oregon has experienced a notable escalation in state and local income taxes per tax return, rising from approximately $8,114.49 in 2012 to about $18,233.18 in 2021. This surge could reflect various economic factors such as increased local government funding needs, economic growth, or adjustments in tax policies. For potential investors, real estate agents, or those considering moving to the area, this trend may imply higher fiscal pressures on residents but also signals potentially robust local infrastructure and public services due to higher tax revenues. For appraisers and insurance agents, this is an important consideration that might influence property values and insurance calculations, respectively.
Average Total Tax Liability Per Tax Return in Benton County, OR Over the Last 10 Years
Over the past decade, Benton County, Oregon has seen a notable increase in the average total tax liability per tax return from approximately $10,066.08 in 2012 to $17,121.14 in 2021. This upward trend could be indicative of rising incomes, property values, or changes in local and state tax policies. For potential investors, property developers, and real estate agents, this steady climb might suggest a robust economic environment, though higher tax liabilities might also impact overall affordability and disposable incomes for residents.
Cost of Living in Benton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,032 | $1,673 | $1,737 | $2,319 | $2,510 |
| 1 adult 4 children | $2,032 | $1,366 | $1,309 | $2,319 | $2,552 |
| 2 adults 3 children | $2,032 | $1,367 | $1,517 | $2,319 | $2,249 |
| 1 adult 3 children | $2,032 | $1,116 | $1,089 | $2,319 | $2,332 |
| 2 adults 2 children | $1,430 | $1,119 | $1,297 | $2,074 | $1,697 |
| 1 adult 2 children | $1,430 | $836 | $869 | $2,074 | $1,725 |
| 2 adults 1 child | $1,430 | $884 | $1,076 | $1,277 | $1,383 |
| 1 adult 1 child | $1,430 | $571 | $648 | $1,277 | $1,309 |
| 2 adults | $1,158 | $710 | $856 | $0 | $947 |
| 1 adult | $1,107 | $387 | $428 | $0 | $792 |
Safety trends & Data
In Benton County, Oregon, property crimes have shown varying trends over the last five years, peaking for larceny-theft at 368 incidents in 2022, raising concerns for property investors and insurers. Vandalism spiked at 136 incidents in 2021, suggesting intermittent property damage risks. Motor vehicle theft hit a high of 36 incidents in 2020 but declined in later years. These patterns are crucial for real estate agents, appraisers, and potential residents to consider for risk assessment and... Read more
Property Crime Trends in Benton County, OR Over the Last 5 Years
In Benton County, Oregon, property crimes have exhibited variable trends over the last five years. Larceny-theft, consistently the highest by volume, peaked at 368 incidents in 2022, likely reflecting concerns for those investing in or insuring properties. Vandalism saw notable fluctuations, spiking at 136 incidents in 2021, indicating periods of heightened property damage. Meanwhile, motor vehicle theft demonstrated erratic behavior, with a high of 36 incidents in 2020 before dropping in subsequent years. These trends are essential for real estate agents, appraisers, and potential residents for risk assessment and investment decisions.
Demographics
Benton County, Oregon, exhibits a nearly equal split in its adult population between males and females, making it one of those rare communities with near gender parity. The educational landscape reveals a high level of academic achievement, with a significant portion of residents holding bachelor's or graduate degrees. Age-wise, the county has a significant young adult demographic, especially those aged 20 to 24, potentially influenced by local educational institutions. Racially, the population... Read more
Race Distribution in Benton County, Oregon (2022)
Educational Attainment in Benton County, Oregon (2022)
Age Distribution in Benton County, Oregon
Citizen Population in Benton County, Oregon (2022)
Political Trends & Data
Benton County, Oregon, leaned significantly towards Democratic candidates in the 2020 U.S. Presidential Election, potentially signaling a preference for progressive policies. The Republican share of votes was notably smaller, hinting at a challenging atmosphere for conservative candidates. Meanwhile, Libertarian and Green party votes were minimal, showing a limited yet existent interest in third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Benton County in Oregon seems to have shown significant support for Democratic candidates in the 2020 U.S. Presidential Election, possibly reflecting a leaning towards more progressive policies. The Republican share of the vote appears much lower, which could suggest a challenging environment for conservative candidates. The Libertarian and Green parties received a minimal fraction of the votes, indicating a limited but present interest in third-party options.
28.18% of voters voted for the Republican party in the 2020 Presidential Election
67.86% of voters voted for the Democrat party in the 2020 Presidential Election
2.16% of voters voted for the Livertarian party in the 2020 Presidential Election
0.63% of voters voted for the Green party in the 2020 Presidential Election
1.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Benton County, Oregon, has seen significant fluctuations over the past decade. It peaked at nearly thirty students per teacher in 2021 but has since stabilized around eighteen in 2023. While still higher than the national average of fourteen, this downward trend could signal a strengthening educational environment that may potentially elevate property values. For investors, real estate agents, and prospective residents, this could be promising as better... Read more
Student-to-teacher ratio in Benton County, Oregon over the last 10 years
The student-to-teacher ratio in Benton County, Oregon has fluctuated over the last decade. It peaked at nearly thirty students per teacher in 2021, but has since stabilized to around eighteen in 2023. While this current figure is higher than the national average of fourteen students per teacher, it suggests a trend towards improvement. For investors, real estate agents, and residents, a decreasing student-to-teacher ratio could potentially indicate a strengthening educational environment. This matters to insurance agents and appraisers, as quality education systems often correlate with overall community well-being and property values. Additionally, those looking to build properties or move into the area could find this trend encouraging as it points towards better educational outcomes in the long run.
