Klamath County Real Estate and Livability Trends
Real estate in Klamath County, Oregon is experiencing intriguing shifts. Average taxable income suggests economic growth, rising from $42,469.55 in 2013 to $58,272.76 in 2021, potentially making it a hot spot for investors. The median home value has increased to $234,200 in 2022, still below the state median. Energy-efficient investments have varied, with tax credits peaking at $2,594.64 in 2021.... Read more
Klamath County Market Trends
Klamath County, Oregon has seen its median home values climb from $151,500 in 2015 to $234,200 in 2022, still notably lower than the Oregon state median of $423,100. The volatility in residential energy tax credits, with peaks as high as $2,594.64 in 2021, suggests varying investments in energy-efficient improvements. Real estate taxes have nearly doubled over the past decade, signaling possible... Read more
Median Value of Occupied Housing Units in Klamath County, Oregon Over the Last 8 Years
Klamath County, Oregon has experienced a steady rise in median home values over the past eight years, ascending from $151,500 in 2015 to $234,200 in 2022. While this growth is impressive, home values in Klamath County still lag behind the Oregon state median, which reached $423,100 in 2022. However, the county's home prices are more affordable than the national median of $179,400 in 2022. This makes Klamath County an attractive option for those looking for relatively less expensive housing within Oregon, while still benefiting from the state's upward market momentum.
Residential Energy Tax Credit Per Tax Return in Klamath County, OR Over the Last 9 Years
Klamath County, Oregon's residential energy tax credits per tax return have shown significant volatility over the past nine years. Notable spikes occurred in 2017, 2018, 2020, and 2021, with the highest average credit reaching approximately $2594.64 in 2021. This unpredictability could indicate fluctuating investments in energy-efficient home improvements or changes in tax incentive policies. Investors, real estate agents, appraisers, and insurance agents might find these trends useful as they may reflect shifting priorities towards sustainable living and its impact on property value assessments.
Average Real Estate Taxes Per Tax Return in Klamath County, OR Over the Last 10 Years
Klamath County, Oregon has seen a consistent rise in average real estate taxes per tax return over the past decade. Starting at approximately $1,931.56 in 2012, this figure has nearly doubled, reaching about $3,478.43 by 2021. Notable jumps, particularly between 2017 and 2018, indicate possible changes in property assessments or tax policies. Investors and potential homeowners should consider this upward trend when calculating long-term ownership costs. For real estate agents, appraisers, and insurance agents, understanding these increases might be crucial for advising clients accurately.
Percentage of Farm Returns in Klamath County, OR Over the Last 10 Years
Over the past decade, Klamath County, Oregon has seen a gradual decline in the percentage of farm tax returns, dropping from approximately 3.56% in 2012 to around 2.82% in 2021. This decline might indicate shifting economic activities, potentially signaling opportunities outside traditional farming or a move towards more diversified agricultural practices. Farm tax returns represent a crucial part of understanding local agricultural economics, reflecting the number of farmers reporting income to the IRS and giving insight into the vibrancy and financial health of the farming sector. Investors and potential residents might find these trends indicative of broader economic shifts, making it necessary to consider the evolving business landscape when evaluating property and investment opportunities in Klamath County.
Number of Mortgages by Occupancy Type in Klamath County, OR Over the Last 5 Years in Klamath County
The data indicates a notable increase in mortgage counts for principal residences in Klamath County, Oregon, peaking at 4,962 in 2021 from 2,887 in 2018. Investment properties and second residences have also seen fluctuations, but with less dramatic changes. This shift could imply growing interest from primary homebuyers, possibly reflecting a more stable and appealing living environment. Real estate agents and property developers might see this as a sign to focus more on residential housing projects, while insurers and appraisers should consider these trends to assess risk and property values accurately. The dynamic between different occupancy types can be critical for investors and those planning to move, as it affects property demand and market stability.
Economic Outlook
Klamath County, Oregon has seen a notable increase in average taxable income per tax return, rising from $42,469.55 in 2013 to $58,272.76 by 2021, suggesting economic growth that might attract investors and real estate agents. The upward trend in average state and local income taxes, almost doubling over the decade to $11,526.99 by 2021, might influence financial considerations for potential homeowners and real estate professionals. Additionally, the county's rise in total tax liability per tax... Read more
Average Taxable Income per Tax Return in Klamath County, OR over the last 9 years
Klamath County, Oregon has seen a notable increase in average taxable income per tax return over the last nine years. Back in 2013, the average taxable income was around $42,469.55, and it has steadily risen to approximately $58,272.76 by 2021. This upward trend might appeal to potential investors and real estate agents, indicating economic growth in the area. The consistent rise particularly post-2018, reaching its peak in 2021, may suggest a favorable environment for higher earnings which could be attractive for those looking to move or build property here. This gradual income increase might also be a key consideration for appraisers and insurance agents assessing property values and risk levels.
Average State and Local Income Taxes Per Tax Return in Klamath County, OR Over the Last 10 Years
Over the last decade, Klamath County, Oregon has observed a significant upward trend in the average state and local income taxes per tax return. Starting at around $5,588.04 in 2012, the figure has nearly doubled to $11,526.99 by 2021. Notable spikes, particularly between 2017 and 2018, could suggest economic shifts or tax policy changes impacting residents. This trend may influence potential investors, homeowners, and real estate professionals considering the financial landscape of the area, pointing to a progressively increasing tax burden.
Average Total Tax Liability Per Tax Return in Klamath County, OR Over the Last 10 Years
Over the past decade, Klamath County, Oregon has seen a steady increase in average total tax liability per tax return, rising from $5,876.76 in 2012 to $8,214.49 in 2021. This upward trend suggests a potential increase in income levels or property values, making it a point of interest for investors, real estate agents, and those considering a move to the area. Appraisers and insurance agents might also find these figures indicative of broader economic growth.
Cost of Living in Klamath County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,352 | $1,500 | $1,765 | $1,439 | $1,642 |
| 1 adult 4 children | $1,352 | $1,225 | $1,334 | $1,439 | $1,712 |
| 2 adults 3 children | $1,352 | $1,225 | $1,539 | $1,439 | $1,400 |
| 1 adult 3 children | $1,352 | $1,000 | $1,108 | $1,439 | $1,438 |
| 2 adults 2 children | $951 | $1,003 | $1,313 | $1,254 | $1,111 |
| 1 adult 2 children | $951 | $749 | $882 | $1,254 | $1,042 |
| 2 adults 1 child | $951 | $793 | $1,087 | $650 | $971 |
| 1 adult 1 child | $951 | $512 | $657 | $650 | $813 |
| 2 adults | $722 | $637 | $861 | $0 | $738 |
| 1 adult | $636 | $347 | $431 | $0 | $608 |
Safety trends & Data
Klamath County, Oregon has seen notable fluctuations in property crimes over the past five years, directly impacting property values and insurance premiums. Larceny-theft cases, which peaked at 327 in 2019, have decreased to 206 by 2022. However, motor vehicle theft incidents have more than doubled from 24 in 2019 to 62 in 2021. Vandalism has also seen a steady rise, with 95 cases in 2022 compared to 48 in 2019. These trends are crucial for potential investors and real estate agents to consider... Read more
Property Crime Trends in Klamath County, OR Over the Last 5 Years
Klamath County, Oregon has seen fluctuating trends in property crimes over the past five years. Notably, larceny-theft remains the most frequent crime, peaking in 2019 with 327 cases but showing a decline to 206 cases in 2022. Motor vehicle theft saw a notable increase in 2021, climbing to 62 incidents compared to 24 in 2019. Vandalism incidents have risen steadily, with 2022 recording 95 cases, up from 48 in 2019. Periodic spikes in burglary and arson also contribute to the fluctuating crime landscape, affecting insurance premiums and property values, a key consideration for potential investors and real estate agents.
Demographics
Klamath County, Oregon's adult population shows a fairly balanced split between males and females. The educational attainment data indicates that most adults have at least completed high school, with a noticeable portion having attended some college without earning a degree. The age distribution suggests a diverse range of age groups, with a potential emphasis on the younger and older ends. The racial composition is predominantly White, with other races forming smaller segments of the... Read more
Race Distribution in Klamath County, Oregon (2022)
Educational Attainment in Klamath County, Oregon (2022)
Age Distribution in Klamath County, Oregon
Citizen Population in Klamath County, Oregon (2022)
Political Trends & Data
In Klamath County, Oregon, 2020 U.S. Presidential Election results indicated a notable Republican preference, capturing an estimated 69% of the vote. Democrats appeared to secure around 28%, with minor parties and independent candidates representing only a small segment of the electorate. This trend could reflect a significant conservative leaning in the area, potentially influencing local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Klamath County, Oregon, the 2020 U.S. Presidential Election results leaned heavily towards the Republican party, with a potentially dominant 69 percent of the vote. Democrats seemed to have garnered roughly 28 percent, while third parties and independents like the Libertarians and Greens made up a relatively small portion of the electorate. These numbers might suggest a strong conservative inclination in this region.
68.91% of voters voted for the Republican party in the 2020 Presidential Election
28.29% of voters voted for the Democrat party in the 2020 Presidential Election
1.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.40% of voters voted for the Green party in the 2020 Presidential Election
0.67% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Klamath County, Oregon has consistently had a student-to-teacher ratio higher than the national average of 14 students per teacher, peaking at 21 in 2015 and gradually declining to 17 by 2023. This suggests a focus on reducing class sizes, which could enhance individualized attention and improve education quality. This trend may be of particular interest to prospective homebuyers with children, investors considering the future of the labor force, and educators evaluating... Read more
Student-to-teacher ratio in Klamath County, Oregon over the last 10 years
Over the past decade, the student-to-teacher ratio in Klamath County, Oregon has remained consistently higher than the national average, which stands at 14 students per teacher. The ratio peaked at about 21 students per teacher in 2015 but has gradually declined to around 17 in 2023. This trend could suggest a developing focus on reducing class sizes, potentially enhancing individualized attention and improving education quality, aspects that are particularly relevant for prospective homebuyers with children, investors considering the future of the labor force, and educators evaluating job prospects in the area.
