Multnomah County Real Estate and Livability Trends
Multnomah County, Oregon, is witnessing a significant economic upswing, with taxable income per tax return climbing from $62,210.61 in 2013 to $94,480.05 in 2021, coupled with nearly doubled state and local taxes. Median home values have surged dramatically, reaching $492,100 in 2022 from $278,300 in 2015, indicating a robust real estate market. Property and energy tax fluctuations suggest active... Read more
Multnomah County Market Trends
In Multnomah County, Oregon, median home values have surged from $278,300 in 2015 to $492,100 by 2022, outpacing both state and national averages. Real estate taxes followed suit, rising from $4,128.85 in 2012 to $7,547.95 by 2021, possibly reflecting the increased property values. Energy tax credits showed dramatic fluctuations, peaking at $3,062.03 in 2018, indicating impactful shifts in... Read more
Median Value of Occupied Housing Units in Multnomah County, Oregon Over the Last 8 Years
Median home values in Multnomah County, Oregon have experienced a significant climb over the last eight years, starting at $278,300 in 2015 and reaching $492,100 by 2022. In comparison, state-wide values in Oregon also demonstrated growth but stayed lower, with a value of $423,100 in 2022. Looking nationally, the median values were substantially lower, hitting just $179,400 in 2022. This disparity suggests Multnomah County may potentially offer higher returns for real estate investments and highlights a more competitive housing market compared to both state and national averages.
Residential Energy Tax Credit Per Tax Return in Multnomah County, OR Over the Last 9 Years
Over the past nine years in Multnomah County, Oregon, the average residential energy tax credit per tax return has shown significant fluctuation. Starting at $372.79 in 2013, there's been a noticeable uptick with peaks in 2017 at $994.74 and an exceptional spike in 2018, reaching $3,062.03. Although the average credit fluctuated, recent years show a steadying pattern with 2021 offering $1,271.93. This variability hints at changing incentives and policies for energy efficiency, presenting both opportunities and considerations for investors, home builders, and real estate professionals focusing on sustainable housing developments.
Average Real Estate Taxes Per Tax Return in Multnomah County, OR Over the Last 10 Years
Real estate taxes per tax return in Multnomah County, Oregon, have trended upwards over the last decade, starting at approximately $4,128.85 in 2012 and reaching around $7,547.95 by 2021. This increase might reflect rising property values, which could influence decisions for those looking to invest or build property. For real estate agents and insurance agents, understanding these trends could be crucial for providing accurate advice and services.
Percentage of Farm Returns in Multnomah County, OR Over the Last 10 Years
Over the last ten years, the percentage of farm tax returns in Multnomah County, Oregon has shown a gradual decline. Starting at 0.27% in 2012, the percentage decreased to a low of 0.21% by 2020 and slightly increased to 0.22% in 2021. Farm tax returns, which refer to tax filings for income generated from farming activities, help investors gauge the agricultural activity and economic viability of a region. For those considering investment opportunities or property development in Multnomah County, the reduced farm returns might suggest a shift away from traditional farming, potentially reshaping the landscape of local investments and community dynamics.
Number of Mortgages by Occupancy Type in Multnomah County, OR Over the Last 5 Years in Multnomah County
Multnomah County, Oregon, shows a marked fluctuation in the number of mortgages by occupancy type over the last five years, with principal residences consistently dominating. Investment property mortgages saw a significant rise in 2021, while a noticeable decline occurred in 2022. Changes in occupancy type may signal shifts in the local real estate market, impacting everything from investment viability to neighborhood stability. Investors and appraisers might find these trends useful for gauging market conditions, while insurance agents and real estate pros could adjust their strategies accordingly. For those looking to build or move, understanding these shifts helps in making informed decisions about property value and community makeup.
Economic Outlook
Average taxable income per tax return in Multnomah County, Oregon, has steadily increased over the past nine years, rising from $62,210.61 in 2013 to $94,480.05 in 2021. Concurrently, average state and local income taxes have nearly doubled, reaching $18,150.08 by 2021 from $8,500.64 in 2012. Over the last decade, a consistent rise in total tax liability, peaking at $17,160.21 in 2021, suggests growing economic affluence. Meanwhile, the percentage of residents living below the poverty line has... Read more
Average Taxable Income per Tax Return in Multnomah County, OR over the last 9 years
Over the last nine years, Multnomah County in Oregon has seen a consistent increase in average taxable income per tax return. Starting from $62,210.61 in 2013, the income levels climbed steadily each year, reaching an all-time high of $94,480.05 in 2021. This significant rise could be of interest to investors and property developers considering the county's growing economic affluence. Additionally, insurance agents and real estate professionals might find this trend useful for evaluating market potential and policy pricing in the area.
Average State and Local Income Taxes Per Tax Return in Multnomah County, OR Over the Last 10 Years
The average state and local income taxes per tax return in Multnomah County, Oregon, have shown a significant upward trend over the past decade. Starting at $8,500.64 in 2012, these taxes have nearly doubled, reaching $18,150.08 by 2021. This consistent increase could suggest a growing economic base or rising income levels, which might appeal to high-income earners. For real estate agents, appraisers, and potential investors, understanding this trend is crucial, as it can influence property values and overall demand in the area. However, prospective residents and insurance agents might need to consider the impact of higher taxes on their budgets and risk assessments.
Average Total Tax Liability Per Tax Return in Multnomah County, OR Over the Last 10 Years
There has been a consistent increase in the average total tax liability per tax return in Multnomah County, Oregon, over the past decade. Starting at $10,557.32 in 2012, it has risen to $17,160.21 by 2021. The upward trend, particularly sharp between 2020 and 2021, could signal a robust economic environment or changes in income levels, both of which are crucial considerations for potential investors, homeowners, and real estate professionals evaluating the region.
Cost of Living in Multnomah County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,503 | $1,725 | $1,659 | $2,864 | $2,910 |
| 1 adult 4 children | $2,503 | $1,409 | $1,250 | $2,864 | $2,898 |
| 2 adults 3 children | $2,503 | $1,409 | $1,448 | $2,864 | $2,640 |
| 1 adult 3 children | $2,503 | $1,151 | $1,040 | $2,864 | $2,668 |
| 2 adults 2 children | $1,788 | $1,154 | $1,237 | $2,554 | $2,008 |
| 1 adult 2 children | $1,788 | $862 | $829 | $2,554 | $2,062 |
| 2 adults 1 child | $1,788 | $912 | $1,027 | $1,545 | $1,565 |
| 1 adult 1 child | $1,788 | $589 | $619 | $1,545 | $1,535 |
| 2 adults | $1,566 | $733 | $816 | $0 | $1,051 |
| 1 adult | $1,459 | $400 | $408 | $0 | $926 |
Safety trends & Data
Property crime in Multnomah County, Oregon has shown notable fluctuations over the past five years. Larceny-theft numbers significantly dropped from 2018’s high of 2,323.00 incidents to just 626.00 in 2022, while motor vehicle theft saw a notable rise, peaking at 995.00 incidents in 2022. Arson incidents have varied, hitting a high of 103.00 in 2020 before decreasing. Vandalism cases remained relatively stable but saw a slight decrease by 2022. These trends underline shifting criminal... Read more
Property Crime Trends in Multnomah County, OR Over the Last 5 Years
Property crime in Multnomah County, Oregon has shown notable fluctuations over the past five years. Larceny-theft numbers significantly dropped from 2018's high of 2323.00 incidents to just 626.00 in 2022, while motor vehicle theft saw a notable rise, peaking at 995.00 incidents in 2022. Arson incidents have varied, hitting a high of 103.00 in 2020 before decreasing. Vandalism cases remained relatively stable but saw a slight decrease by 2022. These trends underline shifting criminal activities in the area, which is crucial information for anyone considering property investments or evaluating insurance risks in Multnomah County.
Demographics
Multnomah County, Oregon shows a balanced gender distribution with nearly equal counts of male and female adults. The educational attainment data suggests a diverse range of qualifications, from around 21,142 individuals with less than a 9th-grade education to 114,059 holding graduate or professional degrees, hinting at a well-rounded yet education-focused community. The age distribution is somewhat skewed towards younger demographics, particularly notable in the 25 to 34-year bracket. Racial... Read more
Race Distribution in Multnomah County, Oregon (2022)
Educational Attainment in Multnomah County, Oregon (2022)
Age Distribution in Multnomah County, Oregon
Citizen Population in Multnomah County, Oregon (2022)
Political Trends & Data
In Multnomah County, Oregon, the 2020 U.S. Presidential Election results implied a significant Democratic preference, with estimates suggesting nearly 80% potentially voting for them. Republican candidates perhaps garnered less than 18%, while third-party votes appeared minimal. This Democratic lean could hint at wider regional or state trends that may shape future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Multnomah County, Oregon, the 2020 U.S. Presidential Election results hinted at a strong preference for Democratic candidates, with nearly 80% potentially voting for them. Republican candidates seemed to capture less than 18% of the vote, while third parties like the Libertarian and Green parties collectively might have accounted for a small fraction of the overall percentages. The significant tilt towards the Democratic Party could be indicative of broader state or regional trends that might influence future elections.
17.90% of voters voted for the Republican party in the 2020 Presidential Election
79.21% of voters voted for the Democrat party in the 2020 Presidential Election
1.23% of voters voted for the Livertarian party in the 2020 Presidential Election
0.64% of voters voted for the Green party in the 2020 Presidential Election
1.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
Multnomah County, Oregon has experienced a fluctuating student-to-teacher ratio over the past decade, peaking at nearly 21 in 2015 and recently stabilizing around 17, a figure still higher than the national average of 14 students per teacher. This could signal a relatively higher demand for educational resources and potential growth in the educational sector. For residents, the higher student-to-teacher ratio might indicate more crowded classrooms than the national standard, possibly impacting... Read more
Student-to-teacher ratio in Multnomah County, Oregon over the last 10 years
Multnomah County, Oregon has seen a fluctuating student-to-teacher ratio over the past decade, peaking at nearly 21 in 2015 and falling to around 17 in recent years. Despite improvements, this ratio generally remains higher than the national average of 14 students per teacher. For potential investors, movers, appraisers, insurers, builders, and real estate agents, these figures could suggest a relatively higher demand for educational resources and potential for growth in the educational sector. For residents, this might indicate classrooms that are more crowded than national standards, potentially affecting educational quality or necessitating future investments in school infrastructure.
