Sherman County Real Estate and Livability Trends
Sherman County, Oregon's fairly consistent rise in average taxable income, from $55,907.95 in 2013 to $69,225.84 in 2021, hints at economic growth that might appeal to real estate investors. Median home values increased modestly from $140,500 in 2015 to $186,300 in 2022, presenting a stable market with more affordable entry points, especially compared to Oregon's state median rise. Also notable... Read more
Sherman County Market Trends
Sherman County, Oregon has seen its median home values increase from $140,500 in 2015 to $186,300 in 2022, a modest uptick compared to Oregon’s state median rise from $237,300 to $423,100. This suggests a stable, less volatile market, potentially offering more affordable entry points. Real estate taxes show incremental growth from $2,115.79 in 2012 to $2,675.00 in 2020 with minor fluctuations,... Read more
Median Value of Occupied Housing Units in Sherman County, Oregon Over the Last 8 Years
Sherman County, Oregon has seen modest growth in its median home values over the past eight years, with the value rising from $140,500 in 2015 to $186,300 in 2022. This increase appears conservative when compared to Oregon's state median, which has soared from $237,300 to $423,100 over the same period. Nationally, home values went from $125,500 to $179,400, making Sherman County's trajectory more comparable to the national average rather than the state. For potential investors and residents, this indicates a relatively stable and less volatile market in Sherman County, potentially offering more affordable entry points in contrast to the steep increases seen statewide.
Average Real Estate Taxes Per Tax Return in Sherman County, OR Over the Last 10 Years
Over the past decade in Sherman County, Oregon, average real estate taxes per tax return have shown some variability, starting around $2,115.79 in 2012 and peaking close to $2,675.00 in 2020. Generally, a trend of gradual increase was observed with brief dips in certain years like 2013 and 2019. Investors and property developers might find these fluctuations important for long-term planning, while appraisers and real estate agents could see value in understanding the tax trends to better advise clients.
Percentage of Farm Returns in Sherman County, OR Over the Last 10 Years
Sherman County, Oregon has seen varied trends in the percentage of farm tax returns over the last decade. The highest percentage occurred in 2016 with about 17.72%, while the lowest was in 2019 at roughly 12.22%. Consistency is evident around the mid-2010s, but there's a notable dip in 2018 and 2019. For context, farm tax returns usually indicate the economic health of the agricultural sector, pointing to farm activity and profitability; thus, significant variances could suggest changing conditions in the local agricultural economy. This information can be crucial for investors, potential homeowners, and those interested in land development, as it sheds light on the economic stability and potential growth within the region.
Number of Mortgages by Occupancy Type in Sherman County, OR Over the Last 5 Years in Sherman County
Sherman County, Oregon has seen relatively stable numbers for investment property mortgages, mostly hovering around 4 per year, while principal residence mortgages have fluctuated, hitting a peak in 2020 with 89. Tracking these changes in occupancy type can provide investors and real estate agents with insights into the local market dynamics and potential shifts in the community's economic landscape. For those looking to build property or appraise homes, understanding these trends could be crucial for making informed decisions and forecasting future demands. Similarly, insurance agents need to be aware of these shifts to evaluate risk accurately and tailor policies accordingly.
Economic Outlook
Sherman County, Oregon's fairly consistent rise in average taxable income, from $55,907.95 in 2013 to $69,225.84 in 2021, indicates potential economic growth that could attract real estate investors. Meanwhile, local income taxes have fluctuated, rising notably from $6,600.00 in 2019 to $9,225.00 in 2021, possibly influencing property valuation and operational costs. The total tax liability per tax return also spiked to $11,106.94 in 2021, from a low of $8,271.21 in 2019, which might be due to... Read more
Average Taxable Income per Tax Return in Sherman County, OR over the last 9 years
Sherman County, Oregon has seen a gradual increase in average taxable income per tax return over the past nine years. Starting at approximately $55,907.95 in 2013, the average income rose to about $69,225.84 by 2021. This upward trend indicates a potential for economic growth and stability in the region, which could be attractive for investors, property builders, and real estate agents. Moreover, the varying but generally upward income levels might influence appraisals and insurance assessments, shaping a more robust economic landscape for local residents and businesses.
Average State and Local Income Taxes Per Tax Return in Sherman County, OR Over the Last 10 Years
The average state and local income taxes per tax return in Sherman County, Oregon have seen some notable fluctuations over the past decade. From a low of approximately $6,600.00 in 2019, these taxes saw a significant rise to $9,225.00 by 2021. Prospective investors and real estate agents may find these tax trends insightful as they reflect the region's changing economic landscape, which can impact property valuation and operational costs. For those considering building or moving to the area, the variation in tax rates could be a factor in long-term financial planning.
Average Total Tax Liability Per Tax Return in Sherman County, OR Over the Last 10 Years
Average total tax liabilities per tax return in Sherman County, Oregon have shown notable fluctuations over the past decade. Notably, the average dipped to its lowest at $8,271.21 in 2019 before spiking to a ten-year high of $11,106.94 in 2021. These variations could suggest changes in local economic factors, tax policies, or population dynamics, which might be insightful for those analyzing market conditions or considering investments in the area.
Cost of Living in Sherman County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,382 | $1,552 | $1,970 | $1,439 | $1,900 |
| 1 adult 4 children | $1,382 | $1,268 | $1,488 | $1,439 | $1,970 |
| 2 adults 3 children | $1,382 | $1,268 | $1,719 | $1,439 | $1,631 |
| 1 adult 3 children | $1,382 | $1,035 | $1,237 | $1,439 | $1,695 |
| 2 adults 2 children | $982 | $1,038 | $1,467 | $1,254 | $1,281 |
| 1 adult 2 children | $982 | $775 | $985 | $1,254 | $1,253 |
| 2 adults 1 child | $982 | $820 | $1,216 | $650 | $1,120 |
| 1 adult 1 child | $982 | $530 | $734 | $650 | $918 |
| 2 adults | $746 | $659 | $964 | $0 | $844 |
| 1 adult | $657 | $360 | $482 | $0 | $673 |
Safety trends & Data
Sherman County, Oregon may be experiencing fluctuating property crime trends over the past three years. Larceny-theft saw a spike from 1 to 4 cases between 2020 and 2021, and motor vehicle thefts peaked at 6 cases in 2021 before slightly declining to 4 cases in 2022. Minimal instances of fraud and vandalism also play into the overall property crime landscape. These variable dynamics could potentially influence investment decisions, property values, and insurance premiums in the... Read more
Property Crime Trends in Sherman County, OR Over the Last 3 Years
Sherman County, Oregon has seen fluctuating property crime trends over the past three years, with a notable increase in larceny-theft, which spiked from 1 to 4 cases between 2020 and 2021. Motor vehicle thefts also surged, peaking at 6 cases in 2021 before slightly declining to 4 cases in 2022. Instances of fraud and vandalism appeared minimally but contributed to the overall property crime landscape. These shifts suggest variable property crime dynamics, potentially impacting investment decisions, property values, and insurance premiums for both current and prospective stakeholders in the area.
Demographics
Sherman County, Oregon, shows a nearly equal gender distribution with a slight female majority among its adult population. A significant portion of residents have completed high school, with a noteworthy number pursuing some college education but not earning a degree. The county's age distribution tends to skew slightly older, with a substantial percentage of the population in the 55 to 64 age bracket. Predominantly white, the racial makeup also includes small representations of other racial... Read more
Race Distribution in Sherman County, Oregon (2022)
Educational Attainment in Sherman County, Oregon (2022)
Age Distribution in Sherman County, Oregon
Citizen Population in Sherman County, Oregon (2022)
Political Trends & Data
Sherman County, Oregon, shows a notable Republican tilt, with roughly 76% of the 2020 votes going to the GOP candidate. Democratic support remains quite low, at around 21%, and third-party candidates barely made a dent. This voting pattern signals a conservative political climate, perhaps resistant to non-mainstream... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sherman County, Oregon, exhibits a significant lean towards Republican preferences, with approximately 76% of the vote in the 2020 U.S. Presidential Election going to the Republican candidate. Meanwhile, Democratic support appears to be relatively low, hovering around 21%. Third-party candidates, including Libertarian and Green party entrants, garnered marginal percentages, suggesting that alternative party influence in this county is minimal. This voting pattern may hint at a political climate in Sherman County that is heavily conservative and potentially skeptical of non-mainstream parties.
76.24% of voters voted for the Republican party in the 2020 Presidential Election
21.52% of voters voted for the Democrat party in the 2020 Presidential Election
1.99% of voters voted for the Livertarian party in the 2020 Presidential Election
0.08% of voters voted for the Green party in the 2020 Presidential Election
0.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sherman County, Oregon, has experienced notable shifts in student-to-teacher ratios over the past decade, ranging between 6 and 16 students per teacher. These oscillations, such as the dip to 6 in 2016 and the spike to 16 in 2018, could affect educational quality and resource allocation, making it relevant for investors and potential residents. Real estate agents, appraisers, and insurance agents might find this data useful for evaluating property values and community appeal, while local... Read more
Student-to-teacher ratio in Sherman County, Oregon over the last 10 years
Sherman County, Oregon has seen significant fluctuations in its student-to-teacher ratios over the past decade, with numbers oscillating between 6 and 16 students per teacher. Particularly notable are the sharp drops and rises, such as the dip to 6 in 2016 followed by a peak of 16 in 2018. Currently, the ratios hover around 14 to 15, which is comparable to the national average of 14 students per teacher. These changes might matter to potential investors and residents as they can impact educational quality and resource allocation. For real estate agents, appraisers, and insurance agents, understanding these ratios could influence property values and community attractiveness. Additionally, local builders and developers may need to consider these trends when planning new projects or expansions.
