Deschutes County Real Estate and Livability Trends
Deschutes County, Oregon's real estate market is seeing significant upward trends in home values, shooting from $253,400 in 2015 to $526,200 in 2022, hinting at strong demand and possibly lucrative returns for investors. Real estate taxes have escalated from $3,644.67 in 2012 to $6,062.87 in 2021, aligning with the rise in property values and urban growth, potentially attracting new residents.... Read more
Deschutes County Market Trends
Deschutes County, Oregon, has seen median home values soar from $253,400 in 2015 to $526,200 in 2022, significantly outpacing state and national trends and signaling strong demand and possibly higher returns for investors. The average residential energy tax credit peaked at $2,514.29 in 2018, indicating a notable local focus on energy-efficient upgrades which could enhance property values. Real... Read more
Median Value of Occupied Housing Units in Deschutes County, Oregon Over the Last 8 Years
Deschutes County, Oregon has seen a dramatic rise in median home values over the past eight years, with values skyrocketing from $253,400 in 2015 to $526,200 in 2022. This surge outpaces both state and national trends, where Oregon's median home value increased from $237,300 to $423,100, while the national median moved from $125,500 to $179,400 in the same period. These figures suggest Deschutes County is becoming a hot spot for property investment and relocation, reflecting strong demand and potentially higher returns for real estate investors.
Residential Energy Tax Credit Per Tax Return in Deschutes County, OR Over the Last 9 Years
Over the past nine years, Deschutes County in Oregon has seen a significant increase in the average residential energy tax credit per tax return, peaking at $2,514.29 in 2018. This trend suggests a growing local investment in energy-efficient upgrades and technologies, potentially driving up property values. Such incentives might appeal to investors, homeowners, and real estate agents, indicating a higher-than-average focus on sustainability and long-term cost savings in the area.
Average Real Estate Taxes Per Tax Return in Deschutes County, OR Over the Last 10 Years
Deschutes County, Oregon has experienced a noticeable increase in average real estate taxes per tax return over the past decade, climbing from $3,644.67 in 2012 to $6,062.87 in 2021. This near doubling of taxes suggests a significant rise in property values and urban development in the region. Potential investors and real estate agents should consider these rising tax implications when evaluating property investments. Higher tax rates may also reflect improved local services and infrastructure, which could be appealing for new residents considering relocation. For insurance agents and appraisers, the upward trend likely indicates growing property valuations which could impact their assessments and policy planning.
Percentage of Farm Returns in Deschutes County, OR Over the Last 10 Years
Over the last decade, there’s been a slight decline in the percentage of farm tax returns in Deschutes County, Oregon, dropping from about 1.65% in 2012 to around 1.19% in 2021. This decrease might indicate a shift in the county's economic landscape or agricultural productivity. For potential investors, developers, and residents, this trend suggests evolving opportunities in non-agricultural sectors within the region. Farm tax returns serve as a reflection of primary income sources from farming, and their reduction may hint towards diversification in income streams or a pivot in land use.
Number of Mortgages by Occupancy Type in Deschutes County, OR Over the Last 5 Years in Deschutes County
Deschutes County, Oregon, has seen noticeable fluctuations in mortgage counts across different occupancy types over the past five years. Principal residences consistently dominate the market, reflecting strong demand for primary housing, albeit with a significant peak in 2020. Investment properties and second residences have shown smaller yet interesting variances, with notable spikes in investment property purchases during 2021. These trends matter as shifts in occupancy types can indicate economic health, investment potential, and quality of life in the area, factors critical to investors, real estate professionals, and homeowners alike. Understanding these trends can significantly impact appraisal values, insurance considerations, and real estate development strategies.
Economic Outlook
Deschutes County, Oregon has seen a notable rise in average taxable income per tax return, growing from around $59,774.36 in 2013 to approximately $113,090.56 in 2021, which may signal economic growth and higher living standards. Concurrently, average state and local income taxes per tax return have increased from $7,616.95 in 2012 to $22,411.86 in 2021, reflecting either economic growth or policy changes. Additionally, the average total tax liability per tax return has doubled from $10,160.36... Read more
Average Taxable Income per Tax Return in Deschutes County, OR over the last 9 years
Over the past nine years, Deschutes County, Oregon has seen a notable upward trajectory in average taxable income per tax return, increasing from around $59,774.36 in 2013 to approximately $113,090.56 in 2021. This consistent rise, particularly the significant jumps in the last few years, could suggest economic growth and potentially correlates with rising living standards. For investors and real estate agents, this trend might be an indicator of a robust market with promising property values. Appraisers and insurance agents should consider these income trends when evaluating properties or drafting policies. This data might also interest those looking to move to or currently residing in the area, as it can reflect overall economic health and opportunities.
Average State and Local Income Taxes Per Tax Return in Deschutes County, OR Over the Last 10 Years
Deschutes County, Oregon has seen a consistent and notable increase in average state and local income taxes per tax return over the past decade. Starting from $7,616.95 in 2012, there's a clear upward trajectory, reaching $22,411.86 in 2021. This trend indicates a strong economic growth or changes in tax policies that could impact financial planning for potential investors, residents, and professionals in real estate. For those involved in appraisals and property development, understanding these tax trends could be crucial for accurate forecasting and decision-making.
Average Total Tax Liability Per Tax Return in Deschutes County, OR Over the Last 10 Years
The average total tax liability per tax return in Deschutes County, Oregon has been trending upwards over the past decade. From $10,160.36 in 2012 to $21,576.91 in 2021, this steady increase suggests growing economic activity or rising incomes in the area. For investors and real estate agents, these figures could imply a robust and potentially lucrative real estate market. Insurance agents might see this trend as indicative of increasing property values, while potential residents should consider the rising tax implications as part of their financial planning.
Cost of Living in Deschutes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,120 | $1,685 | $1,779 | $1,753 | $2,393 |
| 1 adult 4 children | $2,120 | $1,376 | $1,341 | $1,753 | $2,449 |
| 2 adults 3 children | $2,120 | $1,377 | $1,554 | $1,753 | $2,082 |
| 1 adult 3 children | $2,120 | $1,124 | $1,115 | $1,753 | $2,181 |
| 2 adults 2 children | $1,492 | $1,127 | $1,328 | $1,554 | $1,559 |
| 1 adult 2 children | $1,492 | $842 | $890 | $1,554 | $1,576 |
| 2 adults 1 child | $1,492 | $891 | $1,103 | $906 | $1,335 |
| 1 adult 1 child | $1,492 | $575 | $664 | $906 | $1,231 |
| 2 adults | $1,184 | $715 | $877 | $0 | $982 |
| 1 adult | $999 | $390 | $439 | $0 | $772 |
Safety trends & Data
Over the last five years in Deschutes County, Oregon, property crime trends may affect investor confidence and insurance premiums, particularly with peaks in motor vehicle theft in 2021 at 106 cases. The general decline in larceny-theft from 997 cases in 2018 to 600 in 2022 could attract new property investments and families considering relocation. However, consistently high vandalism-related offenses, peaking at 275 cases in 2022, might concern property developers and real estate agents.... Read more
Property Crime Trends in Deschutes County, OR Over the Last 5 Years
Over the last five years in Deschutes County, Oregon, the fluctuating incidence of property crimes like burglary and motor vehicle theft likely impacts both investor confidence and insurance premiums, with notable peaks in motor vehicle theft in 2021 at 106 cases. Larceny-theft generally showed a downward trend from 997 cases in 2018 to 600 in 2022, which might be favorable for new property investments or attractive for families considering relocation. Vandalism-related offenses have remained relatively high, peaking in 2022 with 275 cases, which could be an area of concern for property developers and real estate agents. Fraud and forgery cases have shown varying trends, potentially influencing the business environment's perceived safety and reliability.
Demographics
Deschutes County, Oregon shows a relatively balanced gender distribution among adults, with females slightly outnumbering males. The educational attainment data suggests a significant portion of the population has pursued higher education; bachelor's degrees are particularly prevalent. The age distribution points to a sizable amount of residents in their prime working years (25 to 64 years), which could imply a stable workforce. Racially, the county remains predominantly white, though there is... Read more
Race Distribution in Deschutes County, Oregon (2022)
Educational Attainment in Deschutes County, Oregon (2022)
Age Distribution in Deschutes County, Oregon
Citizen Population in Deschutes County, Oregon (2022)
Political Trends & Data
Deschutes County, Oregon, demonstrated a slight preference for the Democratic Party in the 2020 U.S. Presidential Election, pointing to a potentially varied electorate. Republican and Libertarian candidates also attracted a significant percentage of votes, indicating a competitive political scene. Meanwhile, minor parties like the Green Party, though less influential, suggest a segment of voters interested in alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Deschutes County in Oregon showed a minor tilt towards the Democratic Party in the 2020 U.S. Presidential Election, potentially reflecting a diverse voter base. The Republican and Libertarian parties garnered a respectable share of votes, suggesting a competitive political landscape. Although the Green Party and other smaller parties had minimal impact, their presence could indicate a fragment of the electorate seeking alternative options.
44.43% of voters voted for the Republican party in the 2020 Presidential Election
52.67% of voters voted for the Democrat party in the 2020 Presidential Election
1.67% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Green party in the 2020 Presidential Election
0.88% of voters voted for the Other party in the 2020 Presidential Election
School Data
Deschutes County, Oregon has seen a gradual decrease in student-to-teacher ratios, dropping from 22 students per teacher in 2014 to 18 in 2023. Although this is still above the national average of 14, the significant drop between 2020 and 2021 suggests pandemic-related adjustments. For investors and potential movers, smaller classrooms could mean more personalized education and potential bumps in property values. Real estate agents might leverage this educational improvement to attract buyers,... Read more
Student-to-teacher ratio in Deschutes County, Oregon over the last 10 years
Deschutes County, Oregon has seen a trend of gradually decreasing student-to-teacher ratios over the past decade, moving from 22 students per teacher in 2014 to 18 in 2023. This is still above the current U.S. national average of 14 students per teacher, which might suggest room for further improvement. The significant drop observed between 2020 and 2021 could imply adjustments made due to the fluctuating educational demands during the pandemic period. For investors and potential movers, smaller classroom sizes could translate to more personalized education and potential property value implications, while real estate agents might leverage these improvements to attract buyers. Appraisers and insurance agents should bear in mind that such educational metrics can influence neighborhood desirability and, subsequently, property valuation.
