Lake County Real Estate and Livability Trends
Lake County, Oregon’s median home values have climbed from $129,100 in 2015 to $169,000 in 2022, while remaining below the state average. Real estate taxes saw an upward trend, peaking at $2,921.43 in 2020 with a subsequent slight dip. The rise in mortgages for principal residences, notably peaking at 371 in 2021, suggests increasing appeal for permanent living. The percentage of farm returns... Read more
Lake County Market Trends
Lake County, Oregon’s median home values have climbed notably, from $129,100 in 2015 to $169,000 in 2022, even as they remain more affordable compared to the state average, which has nearly doubled. Real estate taxes have also shown a general upward trajectory, peaking in 2020 at $2,921.43 before a slight dip. The percentage of farm returns has generally declined over the past decade,... Read more
Median Value of Occupied Housing Units in Lake County, Oregon Over the Last 8 Years
Lake County, Oregon has seen a mixed but generally upward trend in median home values over the last eight years, rising from $129,100 in 2015 to $169,000 in 2022. This local increase is notable given the contrast to state trends where Oregon's median home values have almost doubled from $237,300 to $423,100. Although Lake County homes remain more affordable compared to the state's median, they have still appreciated at a higher rate compared to the national median, which grew from $125,500 in 2015 to $179,400 in 2022. For potential investors and homebuyers, Lake County offers a blend of affordability and value appreciation that could be attractive given its relative economic positioning within Oregon and the United States.
Residential Energy Tax Credit Per Tax Return in Lake County, OR Over the Last 7 Years
Lake County, Oregon has seen significant fluctuations in residential energy tax credits over the past seven years. After peaking at $475.00 in 2015, there was a notable dip before soaring to $1,866.67 in 2021. This suggests potential changes in local energy efficiency initiatives or state incentives which could be relevant for investors and homeowners looking to capitalize on energy-saving opportunities. This pattern can also inform appraisers and real estate agents about the evolving incentives landscape, possibly influencing property values and attractiveness.
Average Real Estate Taxes Per Tax Return in Lake County, OR Over the Last 10 Years
Lake County, Oregon has seen fluctuating real estate taxes over the past decade, with a general upward trend. Starting at approximately $1,857.58 in 2012, taxes peaked in 2020 at around $2,921.43, before dipping slightly in 2021 to $2,707.14. This variability could reflect changes in property values, local government budget needs, or economic conditions, offering valuable insights for investors, developers, and real estate professionals aiming to understand and anticipate property tax commitments in the region.
Percentage of Farm Returns in Lake County, OR Over the Last 10 Years
In Lake County, Oregon, the percentage of farm returns has experienced fluctuations over the last decade, starting at around 10.94% in 2012 and dipping to 8.38% by 2020. Although there was a slight uptick to 8.79% in 2021, the overall trend indicates a general decline. This variability may signal shifts in agricultural profitability or changes in land use. For those interested in investing, relocating, or developing property in Lake County, understanding these farm return trends could offer useful insights into the economic landscape and potential growth areas of the region.
Number of Mortgages by Occupancy Type in Lake County, OR Over the Last 5 Years in Lake County
In Lake County, Oregon, the data reveals a clear predominance of mortgages for principal residences over the past five years. There was a noticeable increase in these mortgages, peaking in 2021 with 371, compared to just 224 in 2018 and 2019. Meanwhile, investment properties saw a decline, dropping from 29 mortgages in 2018 to a stable 15 by 2022, and second residences had small but relatively consistent figures. This shift towards primary residences might suggest a rising appeal for permanent living in the area, potentially affecting property values, market stability, and development opportunities. For investors, appraisers, and real estate agents, understanding these trends could provide insight into housing demand, pricing strategies, and risk assessment.
Economic Outlook
In Lake County, Oregon, the average taxable income per tax return has steadily increased from approximately $40,079.94 in 2013 to about $53,796.76 in 2021, hinting at positive economic health. The average state and local income taxes per tax return also rose notably from $5,167.61 in 2012 to $7,937.50 in 2020, reflecting a healthier local economy or shifting tax policies. The average total tax liability per tax return saw an upward trend, peaking at $7,402.73 in 2021. These trends may be... Read more
Average Taxable Income per Tax Return in Lake County, OR over the last 9 years
In Lake County, Oregon, the average taxable income per tax return has shown a steady increase over the past nine years. Starting at approximately $40,079.94 in 2013, it has gradually climbed, reaching around $53,796.76 in 2021. This upward trend suggests a potential for good economic health and opportunities, which could be an attractive detail for prospective investors, property developers, and real estate agents considering activities in the area. The consistent rise may also be relevant for appraisers and insurance agents to consider in their assessments and forecasts.
Average State and Local Income Taxes Per Tax Return in Lake County, OR Over the Last 10 Years
Over the past decade, Lake County, Oregon has seen a notable increase in average state and local income taxes per tax return, beginning from $5,167.61 in 2012 to peaking at $7,937.50 in 2020. The most striking surge occurred between 2012 and 2013, with a jump from approximately $5,167.61 to about $6,398.53, and another significant increase in 2018. For potential investors or property developers, this upward trajectory might reflect a healthier local economy or changing tax policies, factors worth considering in financial planning and long-term commitments.
Average Total Tax Liability Per Tax Return in Lake County, OR Over the Last 10 Years
Lake County, Oregon has seen fluctuations in the average total tax liability per tax return over the past decade. In 2012, the average liability was approximately $5,870.27 and saw a general upward trend, peaking at around $7,402.73 in 2021. These variations could be indicative of changing economic factors, policy shifts, or demographic changes in the area. For those looking to invest in property or businesses, understanding these trends could prove valuable for financial planning and forecasting. Potential residents and local businesses might also find these patterns useful when considering the overall cost implications of living or operating in Lake County.
Cost of Living in Lake County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,228 | $1,500 | $1,765 | $1,287 | $1,602 |
| 1 adult 4 children | $1,228 | $1,225 | $1,334 | $1,287 | $1,671 |
| 2 adults 3 children | $1,228 | $1,225 | $1,539 | $1,287 | $1,356 |
| 1 adult 3 children | $1,228 | $1,000 | $1,108 | $1,287 | $1,389 |
| 2 adults 2 children | $864 | $1,003 | $1,313 | $1,123 | $1,091 |
| 1 adult 2 children | $864 | $749 | $882 | $1,123 | $1,013 |
| 2 adults 1 child | $864 | $793 | $1,087 | $591 | $965 |
| 1 adult 1 child | $864 | $512 | $657 | $591 | $800 |
| 2 adults | $765 | $637 | $861 | $0 | $789 |
| 1 adult | $642 | $347 | $431 | $0 | $629 |
Safety trends & Data
Lake County, Oregon experienced notable shifts in property crime trends over the past five years. Burglary peaked in 2021 with six arrests, while fraud cases dramatically fell from 20.00 in 2018 to just 1.00 in 2022. Larceny-theft fluctuated, peaking in 2021 with nine arrests before significantly declining in 2022. Vandalism arrests showed modest year-to-year changes. These trends may signal evolving crime priorities and better law enforcement, potentially affecting property values, insurance... Read more
Property Crime Trends in Lake County, OR Over the Last 5 Years
Lake County, Oregon has seen some interesting changes in property crime trends over the past five years. Burglary incidents peaked in 2021 at six arrests, while fraud cases saw a sharp drop from 20.0 in 2018 to just 1.0 in 2022. Larceny-theft numbers were somewhat erratic, initially starting low, peaking in 2021 at nine arrests, and then declining significantly in 2022. Notably, vandalism arrests showed modest fluctuations, maintaining a presence each year. For investors and residents, these changes could imply shifting crime priorities and improved law enforcement in certain areas. Such patterns could influence property valuations, insurance rates, and general perceptions of safety in the county.
Demographics
Lake County, Oregon, shows a predominantly male adult population and a significant portion of residents who have completed high school or some college without earning a degree. The age distribution skews older, with more individuals in the 55 to 74-year range compared to younger age groups. The racial makeup is overwhelmingly White, with very low representation from other racial groups. Understanding these trends helps in community planning and resource allocation, emphasizing the need for... Read more
Race Distribution in Lake County, Oregon (2022)
Educational Attainment in Lake County, Oregon (2022)
Age Distribution in Lake County, Oregon
Citizen Population in Lake County, Oregon (2022)
Political Trends & Data
Lake County, Oregon, shows a strong Republican preference with almost 80% of the 2020 U.S. Presidential Election votes going to the GOP. The Democrats secured less than 20%, and minor parties like the Libertarians and Greens accounted for under 2% combined. This significant GOP lean hints at entrenched conservative values, implying potential hurdles for non-Republican candidates in upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lake County, Oregon, appears to lean heavily Republican, with nearly 80% of votes going to the GOP in the 2020 U.S. Presidential Election. Democrats seem to have garnered less than 20%, while minor parties like the Libertarians and Greens captured less than 2% combined. This voting pattern might suggest strong conservative values and potential challenges for non-Republican candidates in future elections.
79.53% of voters voted for the Republican party in the 2020 Presidential Election
18.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.44% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.64% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lake County, Oregon's student-to-teacher ratio has oscillated over the last decade, reaching over 20 students per teacher in 2015 and 2021 and dropping close to 15 in 2018 and 2020. These fluctuations, especially when compared to the national average of 14, might influence educational quality and individual student attention. Families and investors eyeing the area should note these trends, as they could signal shifts in funding, population, or policy—factors that affect long-term planning and... Read more
Student-to-teacher ratio in Lake County, Oregon over the last 10 years
Lake County, Oregon's student-to-teacher ratio over the past decade exhibits notable variability, peaking at over 20 students per teacher in 2015 and 2021 while dipping as low as nearly 15 in 2018 and 2020. Compared to the national average of 14 students per teacher, these fluctuations could impact factors such as the quality of education and individual attention students receive. Investors, education professionals, and families considering relocation might be particularly interested in these dynamics, as consistent changes in this ratio might reflect underlying shifts in funding, population changes, or policy shifts that could affect long-term planning and resource allocation.
