Marion County Real Estate and Livability Trends
Marion County, Oregon has seen a significant rise in average taxable income per tax return over the past decade, growing from $50,659.97 in 2013 to $71,504.65 in 2021. This might hint at strong economic growth, potentially attracting investors and homeowners. Median home values have also surged from $186,700 to $352,500, which, although still below the state median, is well above national trends.... Read more
Marion County Market Trends
Marion County, Oregon, has experienced a notable upsurge in median home values over eight years, jumping from $186,700 to $352,500, staying just below the state median yet much higher than the national trend. The average residential energy tax credits peaked at $3,097.62 in 2018, indicating heightened energy-efficient investments; this still remains higher than earlier years, suggesting ongoing... Read more
Median Value of Occupied Housing Units in Marion County, Oregon Over the Last 8 Years
Over the past eight years, Marion County, Oregon has seen a significant increase in median home values, soaring from $186,700 in 2015 to $352,500 in 2022. While Oregon's state-level median value has also surged from $237,300 to $423,100 in the same period, Marion County's growth trajectory closely follows but remains slightly below the state average. Nationally, median home values have grown from $125,500 to $179,400, making Marion County an attractive market for those considering moving, investing, or building property in Oregon due to its relatively higher valuation compared to the national trend.
Residential Energy Tax Credit Per Tax Return in Marion County, OR Over the Last 9 Years
Marion County, Oregon has seen a notable fluctuation in average residential energy tax credits per tax return over the past nine years. Kicking off at around $400.00 in 2013, the amount saw a steady rise, peaking at an impressive $3,097.62 in 2018. This sharp increase in 2018 may indicate a surge in residential energy-efficient investments and upgrades during that year. Though the average credit dropped in subsequent years, it still remains significantly higher than earlier years, averaging about $1,426.50 in 2021. This trend suggests a growing emphasis on energy efficiency among homeowners, which could be a key factor for investors, real estate agents, builders, and insurance agents to consider when evaluating property dynamics in Marion County, Oregon.
Average Real Estate Taxes Per Tax Return in Marion County, OR Over the Last 10 Years
Marion County, Oregon has seen a steady increase in average real estate taxes per tax return over the last decade, climbing from $2,993.45 in 2012 to $4,694.86 in 2021. Notably, there was a significant jump between 2017 and 2018, where taxes rose from $3,637.89 to $4,432.34, likely reflecting broader economic factors or local policy changes. This trend might suggest a growing property market, making it essential for investors, potential movers, real estate professionals, and residents to consider the rising cost implications for long-term financial planning and property investments.
Percentage of Farm Returns in Marion County, OR Over the Last 10 Years
In Marion County, Oregon, the percentage of farm tax returns has seen a general downward trend over the last decade, starting at approximately 1.74% in 2012 and dropping to around 1.31% by 2021. This data on farm tax returns reflects the number of tax filings by agricultural businesses, which can provide insights into the economic health and viability of farming operations in the area. For potential investors, builders, or new residents, the decreasing trend may indicate a shifting economic landscape with fewer new farm businesses being established or existing ones consolidating. Understanding this trend helps inform decisions about agricultural investments, real estate development, and the overall economic environment in Marion County.
Number of Mortgages by Occupancy Type in Marion County, OR Over the Last 5 Years in Marion County
Over the last five years in Marion County, Oregon, there has been a noticeable decline in the number of mortgages for both investment and second residences, while principal residences have also seen a drop, especially in the most recent year. The shifts in these occupancy types can signal changing housing market dynamics, affordability pressures, or evolving community preferences. For investors, shrinking investment property mortgages might point to fewer opportunities or tighter profit margins. For those considering a move, reduced mortgage activity in principal residences could affect housing inventory and pricing. Real estate agents and appraisers might need to adjust strategies based on these trends, and insurance agents might see a shift in the types of policies being requested. Builders could find these changes influential in deciding what types of projects to prioritize.
Economic Outlook
Marion County, Oregon, has seen a substantial rise in average taxable income per tax return over the past decade, growing from $50,659.97 in 2013 to $71,504.65 in 2021. This trend may suggest an improving economic environment, potentially making the county more attractive for investors and homeowners. Accompanying this, the average state and local income taxes per tax return have also increased noticeably, reaching over $12,256.74 in 2021, which could affect disposable incomes and living costs.... Read more
Average Taxable Income per Tax Return in Marion County, OR over the last 9 years
Marion County, Oregon, has experienced a steady increase in average taxable income per tax return over the past nine years, rising from approximately $50,659.97 in 2013 to roughly $71,504.65 in 2021. This growth suggests an improving economic environment, making the area potentially attractive to investors, homeowners, and real estate agents. It's worth noting the more substantial uptick starting around 2017, which might be indicative of broader economic factors or local developments driving up incomes.
Average State and Local Income Taxes Per Tax Return in Marion County, OR Over the Last 10 Years
Marion County, Oregon has seen a significant increase in average state and local income taxes per tax return over the last decade. Starting at around $5,967.86 in 2012, taxes rose markedly, peaking at over $12,256.74 by 2021. This trend suggests a continuous upward pressure on income taxes, which could be of interest to potential investors, property developers, real estate agents, and anyone considering a move to the area. These changes might impact disposable incomes and living costs, indirectly influencing property values and economic growth prospects.
Average Total Tax Liability Per Tax Return in Marion County, OR Over the Last 10 Years
Over the last decade, Marion County, Oregon has seen notable fluctuations in average tax liability per tax return, peaking significantly in 2021 at $10,537.76. Starting from $6,983.71 in 2012, the liability has displayed a general upward trajectory, with marked increases in 2017 and 2021. Such trends could imply economic growth, changes in income levels, or adjustments in tax policies, offering critical insights for potential investors, real estate agents, and current residents considering the financial landscape in the area.
Cost of Living in Marion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,772 | $1,516 | $1,674 | $1,781 | $1,956 |
| 1 adult 4 children | $1,772 | $1,238 | $1,262 | $1,781 | $2,053 |
| 2 adults 3 children | $1,772 | $1,239 | $1,461 | $1,781 | $1,711 |
| 1 adult 3 children | $1,772 | $1,011 | $1,049 | $1,781 | $1,815 |
| 2 adults 2 children | $1,247 | $1,014 | $1,249 | $1,579 | $1,306 |
| 1 adult 2 children | $1,247 | $757 | $837 | $1,579 | $1,312 |
| 2 adults 1 child | $1,247 | $801 | $1,036 | $923 | $1,154 |
| 1 adult 1 child | $1,247 | $518 | $624 | $923 | $986 |
| 2 adults | $979 | $644 | $824 | $0 | $817 |
| 1 adult | $925 | $351 | $412 | $0 | $700 |
Safety trends & Data
Property crime trends in Marion County, Oregon have evolved notably over the past five years. Larceny-theft cases declined from 1,563 in 2018 to 946 in 2022. Motor vehicle thefts remained relatively stable, peaking at 362 in 2019. Burglary rates dropped from 254 cases in 2018 to 183 in 2022, while arson incidents rose from 34 to 60 during the same period. For investors and real estate professionals, these shifts could influence property values and insurance rates, offering a nuanced perspective... Read more
Property Crime Trends in Marion County, OR Over the Last 5 Years
Marion County, Oregon has experienced notable shifts in property crime trends over the past five years. Larceny-theft has been the most prevalent, with a noticeable decline from 1,563 cases in 2018 to 946 in 2022. Motor vehicle theft incidents have generally stayed consistent, peaking slightly at 362 in 2019. Burglary cases saw a significant reduction from 254 in 2018 to 183 in 2022. However, arson has shown a worrying uptrend, rising from 34 cases in 2018 to 60 in 2022. For potential investors and real estate professionals, this data underscores a nuanced landscape where property crime is evolving, which could impact property values and insurance rates perceptibly.
Demographics
Marion County, Oregon shows a near-even split between male and female adults, with educational attainment reflecting a substantial share of residents who have completed high school or partially attended college. Young adults from 25 to 34 years form a sizable portion of the population, suggesting potential growth in the workforce and demand for housing. The racial composition is predominantly White, with significant representation from individuals identifying as "some other race," indicating... Read more
Race Distribution in Marion County, Oregon (2022)
Educational Attainment in Marion County, Oregon (2022)
Age Distribution in Marion County, Oregon
Citizen Population in Marion County, Oregon (2022)
Political Trends & Data
Marion County, Oregon, exhibited a slight Democratic inclination in the 2020 U.S. Presidential Election, with Democrats securing roughly 48.9% of the vote compared to Republicans' 47.7%. The slim margin between the parties hints at a competitive political climate and diverse voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marion County, Oregon, showed a slight Democratic leaning in the 2020 U.S. Presidential Election, with Democrats capturing approximately 48.9% of the vote, while Republicans garnered around 47.7%. The remaining votes were split among Libertarians, the Green Party, and other minority parties. This narrow margin between the two major parties may indicate a competitive political landscape and diverse voter preferences in the county.
47.73% of voters voted for the Republican party in the 2020 Presidential Election
48.86% of voters voted for the Democrat party in the 2020 Presidential Election
1.98% of voters voted for the Livertarian party in the 2020 Presidential Election
0.51% of voters voted for the Green party in the 2020 Presidential Election
0.93% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marion County, Oregon, has seen fluctuating student-to-teacher ratios, peaking at 25 in 2021, compared to the national average of 14. This variability might hint at changing population dynamics, school funding, or shifts in education policy. Families and investors could see high ratios as a potential drawback for education quality, while lower ratios might imply more personalized student attention. Real estate agents can leverage this information to better pitch properties to families, and... Read more
Student-to-teacher ratio in Marion County, Oregon over the last 10 years
Marion County, located in Oregon, has experienced fluctuating student-to-teacher ratios over the past decade, reaching a peak of 25 in 2021 compared to the national average of 14. This variability in classroom sizes could indicate changes in population growth, school funding, or shifts in educational policy, all of which are important for stakeholders. Investors and families considering a move might view higher ratios as a potential red flag for the quality of education, while lower ratios could suggest more personalized attention for students. Real estate agents could use this data to tailor their pitches to families, and appraisers might incorporate it into their assessments of property values. Insurance agents and those planning to build properties may find this information indicative of community growth and demand for services.
