Polk County Real Estate and Livability Trends
Polk County, Oregon sees promising economic growth with average taxable income rising from $54,236.53 in 2013 to $76,458.85 in 2021. This coupled with median home values jumping from $209,200 in 2015 to $382,200 in 2022, might suggest strong real estate investment potential. A surge in residential energy tax credits, peaking at $2,755.56 in 2018, points to a focus on energy-efficient home... Read more
Polk County Market Trends
Polk County's housing market has seen robust growth, with median home values increasing from $209,200 in 2015 to $382,200 in 2022, outpacing Oregon’s statewide trends. The residential energy tax credit per tax return spiked dramatically, peaking at $2,755.56 in 2018, indicating a significant investment in energy-efficient home improvements. Real estate taxes per tax return have risen from... Read more
Median Value of Occupied Housing Units in Polk County, Oregon Over the Last 8 Years
Polk County's housing market has seen consistent growth in median home values over the last eight years, with a substantial increase from $209,200 in 2015 to $382,200 in 2022. This local growth outpaced state-wide trends in Oregon, where the median values rose from $237,300 to $423,100 over the same period. Nationally, the median values increased from $125,500 to $179,400. Investors and those planning to move to the area may view Polk County as a particularly lucrative market, given its robust appreciation compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Polk County, OR Over the Last 9 Years
Polk County, Oregon has seen a notable rise in the average residential energy tax credit per tax return over the last nine years. Starting from $450.00 in 2013, the credit peaked dramatically at $2,755.56 in 2018 before stabilizing to around $1,461.40 by 2021. This trend suggests a growing investment in energy-efficient home improvements, potentially driving demand for sustainable housing options. Given these numbers, real estate agents, appraisers, and insurance agents might find increased value in homes that qualify for these credits, while investors and homeowners may benefit from the long-term savings and marketability of energy-efficient properties.
Average Real Estate Taxes Per Tax Return in Polk County, OR Over the Last 10 Years
Over the last decade, Polk County, Oregon has seen a notable increase in average real estate taxes per tax return, rising from approximately $3,044.75 in 2012 to around $4,536.50 in 2021. This upward trend might signal a growing valuation of properties, making it a potentially lucrative area for real estate investors. For those considering moving, the increasing tax rates possibly reflect improved local infrastructure or services. Appraisers and insurance agents might find this trend useful in assessing the escalating property values. Real estate agents could leverage this data to inform clients about the market dynamics, while those building property in the area should be mindful of the increasing tax burden.
Percentage of Farm Returns in Polk County, OR Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Polk County, Oregon, has generally trended downward, with the most recent figure at approximately 2.24% in 2021. This decline might suggest shifts in the local agricultural economy or changes in farm ownership. For potential investors or individuals considering moving to Polk County, these trends could imply a changing landscape in the agricultural sector, possibly affecting land values and development opportunities. Understanding these trends is key to making informed decisions about property investments and economic prospects in the region.
Number of Mortgages by Occupancy Type in Polk County, OR Over the Last 5 Years in Polk County
Over the last five years in Polk County, Oregon, the number of mortgages for principal residences has been significantly higher compared to investment properties and second residences. There seems to be a trend of fluctuating investment property mortgages, which could indicate varying investor confidence or shifting market conditions. The dominance of principal residence mortgages suggests a robust local market primarily driven by owner-occupied properties, which might imply stability and long-term investment potential. It's worth paying attention to the lower numbers in second residence mortgages, potentially hinting at a limited market for vacation or secondary homes. Changes in occupancy type could significantly impact property values, rental markets, and even infrastructure investment decisions, making these trends crucial for investors, real estate agents, and anyone planning to move to or develop in the area.
Economic Outlook
In Polk County, Oregon, the average taxable income per tax return has grown steadily from $54,236.53 in 2013 to $76,458.85 in 2021, hinting at possible economic growth and increased purchasing power among residents. Observing a rise in average state and local income taxes, from about $5,830.54 in 2012 to roughly $10,856.85 by 2021, underscores a heightened financial commitment for locals, creating potential implications for investors and new residents. Additionally, the average total tax... Read more
Average Taxable Income per Tax Return in Polk County, OR over the last 9 years
Over the past nine years, Polk County, Oregon has seen a noticeable upward trend in average taxable income per tax return, climbing from $54,236.53 in 2013 to $76,458.85 in 2021. This consistent increase might suggest bolstered economic growth and possibly reflects improvements in local job markets or significant demographic changes. Real estate professionals, investors, and developers may find this trend encouraging as it could imply increased purchasing power among residents. Similarly, insurance agents and appraisers might anticipate shifts in policy valuations and demand reflective of these changing financial landscapes.
Average State and Local Income Taxes Per Tax Return in Polk County, OR Over the Last 10 Years
In Polk County, Oregon, there's an evident upward trend in average state and local income taxes per tax return over the past decade. Starting at roughly $5,830.54 in 2012 and surging to around $10,856.85 by 2021, this pattern suggests increased financial commitment for residents. This information might be crucial for potential investors, real estate agents, and new residents gauging tax impacts on their investments or cost of living. It is similarly valuable for appraisors and insurance agents needing insights into economic conditions affecting property values and policy considerations.
Average Total Tax Liability Per Tax Return in Polk County, OR Over the Last 10 Years
Over the past decade in Polk County, Oregon, the average total tax liability per tax return has shown a generally upward trend, moving from $7,213.01 in 2012 to $11,087.28 in 2021. Notable increases were seen around 2015 and again more sharply in 2021, suggesting potential changes in economic conditions or tax policies. This data could interest investors and real estate agents as it might reflect growing property values or shifts in local economic prosperity, impacting future investment returns and development projects.
Cost of Living in Polk County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,757 | $1,572 | $1,674 | $1,566 | $1,923 |
| 1 adult 4 children | $1,757 | $1,284 | $1,262 | $1,566 | $2,014 |
| 2 adults 3 children | $1,757 | $1,285 | $1,461 | $1,566 | $1,674 |
| 1 adult 3 children | $1,757 | $1,049 | $1,049 | $1,566 | $1,769 |
| 2 adults 2 children | $1,237 | $1,052 | $1,249 | $1,384 | $1,282 |
| 1 adult 2 children | $1,237 | $785 | $837 | $1,384 | $1,273 |
| 2 adults 1 child | $1,237 | $831 | $1,036 | $792 | $1,145 |
| 1 adult 1 child | $1,237 | $537 | $624 | $792 | $968 |
| 2 adults | $972 | $668 | $824 | $0 | $841 |
| 1 adult | $918 | $364 | $412 | $0 | $717 |
Safety trends & Data
Property crime in Polk County, Oregon has fluctuated over the past five years. Larceny-theft occurrences have decreased from 264.00 in 2018 to 117.00 in 2022. Vandalism arrests peaked at 82.00 in 2021 but dropped to 33.00 in 2022. Burglaries have also declined, from 28.00 arrests in 2019 to 12.00 in 2022. These trends may indicate improving property security measures or changing enforcement priorities. This data is key for prospective residents, real estate agents, and investors assessing... Read more
Property Crime Trends in Polk County, OR Over the Last 5 Years
Property crime in Polk County, Oregon has shown some fluctuations over the past five years. Notably, larceny-theft remains the most frequent crime, although its occurrences have generally decreased from 264.00 in 2018 to 117.00 in 2022. Vandalism arrests peaked at 82.00 instances in 2021 but saw a marked decrease to 33.00 in 2022. Burglary and motor vehicle theft have also varied, with burglaries dropping from 28.00 arrests in 2019 to 12.00 in 2022. The trends could suggest improving property security measures or changing enforcement priorities. This data is crucial for prospective residents, real estate agents, and investors as it provides insights into how safe a neighborhood is and helps in making informed decisions.
Demographics
Polk County, Oregon shows a relatively balanced gender distribution with a slight female majority. The county's educational attainment reveals a community with a solid foundation, where a significant portion has at least some college education, though many residents still have just a high school diploma or did not finish high school. Age-wise, there's a noticeable concentration in the 25 to 64 years range, reflecting a mature but diverse demographic. The racial composition leans heavily towards... Read more
Race Distribution in Polk County, Oregon (2022)
Educational Attainment in Polk County, Oregon (2022)
Age Distribution in Polk County, Oregon
Citizen Population in Polk County, Oregon (2022)
Political Trends & Data
Polk County, Oregon had a tight race in the last presidential election, with Republicans eking out a slight lead at 49% of the vote compared to Democrats at close to 47%. Libertarian and Green parties barely made a dent, showing the county as predominantly swayed by the two major parties but indicating a fluid political landscape that could shift in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Polk County, Oregon, saw a slight edge for Republican votes at around 49%, barely outpacing the Democratic votes, which hovered close to 47%. Minor parties like the Libertarian and Green received minimal support, with the Libertarian Party capturing just over 2% and the Green Party less than half a percent. These figures suggest a closely contested environment and hint at a region potentially open to influence from either major party in future elections.
49.14% of voters voted for the Republican party in the 2020 Presidential Election
47.46% of voters voted for the Democrat party in the 2020 Presidential Election
2.03% of voters voted for the Livertarian party in the 2020 Presidential Election
0.44% 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
Polk County, Oregon has seen its student-to-teacher ratio shrink from 22:1 in 2014 to approximately 18:1 in 2023, showing improved educational investments or staffing levels. While still above the national average of 14:1, this trend may appeal to prospective residents who prioritize education, potentially driving property values up. Real estate agents, investors, appraisers, and insurance agents should pay attention to this shift, as it could enhance the appeal of local schools, indirectly... Read more
Student-to-teacher ratio in Polk County, Oregon over the last 10 years
Polk County, Oregon has seen a significant shift in the student-to-teacher ratio over the last decade, trending downward from a high of 22 students per teacher in 2014 to roughly 18 in 2023. While this ratio is still above the national average of 14 students per teacher, the consistent decrease suggests improvement in educational investments or staffing levels which could appeal to prospective residents valuing education. These trends are crucial for investors and real estate agents as they may indicate a strengthening educational environment, potentially boosting property values and making the area more attractive to families. Appraisers and insurance agents should also take note, as changing school dynamics could impact property appraisals and risk assessments.
