Morrow County Real Estate and Livability Trends
Morrow County, Oregon has seen a notable rise in median home values, jumping from $121,800 in 2015 to $213,900 in 2022, outpacing both state and national growth rates. Investment in property has also surged, with investment property mortgages doubling from 13 in 2018 to 25 in 2022, reflecting strong investor interest. Varied residential energy tax credits and generally rising real estate taxes... Read more
Morrow County Market Trends
Morrow County has experienced a dramatic rise in median home values, reaching $213,900 in 2022 from $121,800 in 2015, outpacing both Oregon and national growth rates. This rapid appreciation may attract investors and new residents eyeing promising market potential. Residential energy tax credits per tax return have shown significant variability, peaking at $466.67 in 2014 before fluctuating and... Read more
Median Value of Occupied Housing Units in Morrow County, Oregon Over the Last 8 Years
Morrow County has seen a striking increase in median home values over the last 8 years, reaching $213,900 in 2022 from $121,800 in 2015. Though starting comparably lower than both state and national figures, Morrow County's growth rate appears to outpace both Oregon and the national trends. For context, Oregon's median home values surged to $423,100 in 2022 from $237,300 in 2015, while national values climbed to $179,400 from $125,500 over the same period. This rapid appreciation in Morrow County could attract potential investors and new residents looking for a promising market with a significant growth trajectory.
Residential Energy Tax Credit Per Tax Return in Morrow County, OR Over the Last 8 Years
Morrow County, Oregon's residential energy tax credits per tax return have displayed significant variability over the last eight years, with an irregular peak of $466.67 in 2014. This is followed by substantial dips, particularly in 2019 when the amount dropped to $200.00, then rebounded to $320.00 in 2020. Such fluctuations suggest potential inconsistency in energy efficiency investments or policy impacts, which could be crucial for real estate agents, investors, and those involved in property development. Understanding these trends can help insurance agents and appraisers assess the value and potential cost savings associated with energy-efficient homes in the area.
Average Real Estate Taxes Per Tax Return in Morrow County, OR Over the Last 10 Years
Over the last decade, Morrow County, Oregon has seen fluctuating real estate taxes per tax return, with a general upward trend. Starting from $2,121.78 in 2012, taxes peaked at a notable $3,340.00 in 2020 before slightly dipping to $2,909.52 in 2021. This variability, especially the significant rise in recent years, might suggest an increasing property valuation or changing fiscal policies, which could be of particular interest to investors, real estate agents, and property developers. For those investing or moving to Morrow County, these trends could hint at the evolving economic landscape and potential for property appreciation.
Percentage of Farm Returns in Morrow County, OR Over the Last 10 Years
Farm tax returns, which are filings indicating revenue generated from agricultural operations, have shown a fluctuating yet slightly decreasing trend in Morrow County, Oregon over the last decade. Starting at 6.49% in 2012, the percentage dipped to a low of 5.30% in 2018 before ending at 5.28% in 2021. This data might suggest a shift in the agricultural economic landscape or changes in local farm operations, affecting ROI for potential investors. Analyzing these trends could provide valuable insights for those considering agricultural investments, new property developments, or even moving to Morrow County with an interest in farming.
Number of Mortgages by Occupancy Type in Morrow County, OR Over the Last 5 Years in Morrow County
Mortgage activity in Morrow County, Oregon saw a predominant focus on principal residences, with steady counts over five years, ranging from 381 in 2018 to a peak at 641 in 2021. Interestingly, investment property mortgages showed a gradual increase from 13 in 2018 to 25 in 2022, indicating a growing interest in property investment. Second residences remained relatively low and stable in demand. Understanding the shifts in occupancy type helps investors gauge market dynamics, highlighting where the demand lies. For appraisers and insurance agents, recognizing trends ensures accurate property valuations and risk assessments, while real estate agents can tailor their marketing strategies to align with these insights.
Economic Outlook
Morrow County, Oregon has shown a steady rise in average taxable income per tax return, jumping from $46,461.78 in 2013 to approximately $63,555.88 by 2021. This upswing could hint at a stronger local economy, potentially drawing in new residents and investment. Meanwhile, state and local income taxes per return climbed from $5,922.22 in 2012 to a high of $9,195.65 in 2018 before leveling off to around $8,804.00 in 2021, indicating rising incomes or possible tax policy adjustments.... Read more
Average Taxable Income per Tax Return in Morrow County, OR over the last 9 years
Morrow County, Oregon has seen a general upward trend in average taxable income per tax return over the past nine years, with notable increases particularly in recent years. By 2021, the average taxable income reached approximately $63,555.88, a significant rise from the $46,461.78 reported in 2013. Such consistent growth could suggest a strengthening local economy, making it potentially attractive for investment, new residents, and development opportunities. For real estate agents, appraisers, and insurance agents, these trends could indicate greater demand for property and services, spurred by increasing financial stability among residents.
Average State and Local Income Taxes Per Tax Return in Morrow County, OR Over the Last 10 Years
Morrow County, Oregon has seen a notable increase in average state and local income taxes per tax return over the last decade. From $5,922.22 in 2012, the amount rose steadily, peaking at $9,195.65 in 2018 before stabilizing slightly around $8,804.00 in 2021. These trends could suggest rising incomes or shifts in tax policies, making it a relevant point for potential investors, property developers, and current residents to consider when evaluating the county's economic landscape.
Average Total Tax Liability Per Tax Return in Morrow County, OR Over the Last 10 Years
Over the past decade, Morrow County, Oregon has experienced a notable upward trend in average total tax liability per tax return. Starting from $6,209.87 in 2012, it saw a gradual increase with some minor fluctuations, reaching $8,448.26 in 2021. This steady rise might reflect broader economic changes, such as shifts in property values or local income growth. For potential investors, real estate developers, and insurance agents, this could signal an evolving economic landscape that could impact property valuations and tax-related considerations.
Cost of Living in Morrow County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,298 | $1,424 | $1,970 | $1,287 | $1,696 |
| 1 adult 4 children | $1,298 | $1,163 | $1,488 | $1,287 | $1,767 |
| 2 adults 3 children | $1,298 | $1,163 | $1,719 | $1,287 | $1,448 |
| 1 adult 3 children | $1,298 | $949 | $1,237 | $1,287 | $1,501 |
| 2 adults 2 children | $943 | $952 | $1,467 | $1,123 | $1,183 |
| 1 adult 2 children | $943 | $711 | $985 | $1,123 | $1,107 |
| 2 adults 1 child | $943 | $752 | $1,216 | $591 | $1,037 |
| 1 adult 1 child | $943 | $486 | $734 | $591 | $871 |
| 2 adults | $716 | $604 | $964 | $0 | $813 |
| 1 adult | $631 | $330 | $482 | $0 | $666 |
Safety trends & Data
Morrow County, Oregon has seen notable fluctuations in property crime trends over the last five years. Larceny-theft incidents peaked at 26 reports in 2019 but dropped to just 8 in 2022. Burglary cases spiked in 2021, ranging from 5 to 13 annually. Motor vehicle theft generally decreased, from 16 in 2018 to 3 in 2022, possibly indicating a decline in car-related crimes. Vandalism peaked at 24 incidents in 2021 before decreasing again. These variations might shape community safety perceptions... Read more
Property Crime Trends in Morrow County, OR Over the Last 5 Years
Over the last five years, Morrow County, Oregon has experienced fluctuating property crime trends. Larceny-theft incidents saw a notable peak in 2019 with 26 reports but declined to just 8 in 2022. Burglary cases ranged from 5 to 13 yearly, with a spike in 2021. Motor vehicle theft generally decreased from 16 in 2018 to 3 in 2022, reflecting a possible decline in car-related crimes. Meanwhile, vandalism cases showed significant variability, peaking at 24 in 2021 before decreasing again. For investors, appraisers, and real estate agents, these shifts may imply changing community safety perceptions and insurance considerations.
Demographics
Morrow County, Oregon, exhibits intriguing demographic patterns with a balanced gender split among adults. The educational attainment data reveals a high percentage of residents with a high school diploma or some college experience, although those with a bachelor's or higher degree appear to be a smaller segment. The age distribution suggests a youthful population, hinting at potential for robust future workforce development. Racially, the county is predominantly White with small but present... Read more
Race Distribution in Morrow County, Oregon (2022)
Educational Attainment in Morrow County, Oregon (2022)
Age Distribution in Morrow County, Oregon
Citizen Population in Morrow County, Oregon (2022)
Political Trends & Data
In Morrow County, Oregon, the 2020 U.S. Presidential Election results reveal a distinct conservative leaning, with the Republican Party securing about 70% of the vote. The Democratic Party followed with roughly 27%, showcasing a wide partisan gap. Minimal yet present support for third-party candidates, such as Libertarians and Greens, indicates some electoral diversity. This political landscape could influence local policies, community values, and potentially the real estate market dynamics,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Morrow County, Oregon, the 2020 U.S. Presidential Election results show a significant preference toward the Republican Party, which garnered approximately 70% of the vote. Meanwhile, the Democratic Party secured around 27%, indicating a wide gap between the two major parties. Libertarian and Green Party votes were minimal, roughly accounting for 2.5% and 0.25%, respectively. These trends might suggest a strong conservative leaning within the county's electorate, with limited but notable support for third-party candidates.
70.07% of voters voted for the Republican party in the 2020 Presidential Election
26.79% of voters voted for the Democrat party in the 2020 Presidential Election
2.46% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
Morrow County, Oregon's student-to-teacher ratio has fluctuated over the past decade, hitting a peak of 22:1 in 2019 before dropping to 16:1 in 2023. These higher ratios frequently surpass the national average of 14:1, possibly impacting educational outcomes and classroom dynamics. For families, real estate professionals, and investors, such dynamics might influence the area’s attractiveness and growth potential. Lower ratios generally suggest more personalized student attention, enhancing... Read more
Student-to-teacher ratio in Morrow County, Oregon over the last 10 years
Over the past decade, Morrow County, Oregon's student-to-teacher ratio has fluctuated, peaking at 22 students per teacher in 2019 and recently dropping to around 16 in 2023. Despite these variations, it often exceeds the US national average of 14 students per teacher. These higher ratios could potentially affect educational outcomes and classroom dynamics, which might be significant for families considering moving into the area, as well as for real estate professionals and investors assessing the region's attractiveness and growth potential. Lower ratios often suggest more personalized attention for students, enhancing the quality of education, which can be a key factor for appraisers and insurance agents in determining property values and insurance needs in the community.
