Wasco County Real Estate and Livability Trends
Wasco County, Oregon has seen a significant rise in median home values from $174,800 in 2015 to $298,200 in 2022, potentially indicating high demand and limited supply, which could allure investors yet create challenges for new buyers. This growth outpaces state and national trends, hinting at unique local dynamics. The increase in real estate taxes, reaching $4,485.86 in 2019, parallels these... Read more
Wasco County Market Trends
Wasco County, Oregon, has experienced a notable jump in median home values, from $174,800 in 2015 to $298,200 in 2022—outpacing state and national trends. This sharp rise might suggest increasing demand and limited supply, potentially signaling an attractive yet challenging market for investors and new residents. Residential energy tax credits also peaked at an average of $866.67 in 2017,... Read more
Median Value of Occupied Housing Units in Wasco County, Oregon Over the Last 8 Years
Wasco County, Oregon has seen a substantial increase in median home values over the past eight years, jumping from $174,800 in 2015 to $298,200 in 2022. This local surge contrasts with the more moderate state-wide increases in Oregon, where median values rose from $237,300 to $423,100 during the same period, and the national trend, with values moving from $125,500 to $179,400. For potential investors or new residents, Wasco County’s accelerating market could imply a growing demand and limited supply, making it an attractive opportunity but also a challenging entry point.
Residential Energy Tax Credit Per Tax Return in Wasco County, OR Over the Last 8 Years
Over the last eight years, the average residential energy tax credit per tax return in Wasco County, Oregon has seen a significant fluctuation. In 2013, it was $381.25, hovering around this figure until 2014, before it jumped to $486.67 in 2015 and then surged to $633.33 in 2016. The peak was in 2017 with an average of $866.67, suggesting increased adoption of energy-saving initiatives. Post-2017, the figures seemed to stabilize, with some variations, indicating a steady commitment to energy efficiency. This data might be relevant for anyone interested in investing in energy improvements, as it reflects incentives available in the area which could translate to long-term savings.
Average Real Estate Taxes Per Tax Return in Wasco County, OR Over the Last 10 Years
Over the past decade in Wasco County, Oregon, average real estate taxes per tax return have generally increased, with a noticeable rise after 2017. The figures jumped from $3,512.86 in 2017 to $4,007.29 in 2018 and peaked at $4,485.86 in 2019 before slightly declining and stabilizing around $4,394.38 in 2021. This upward trend may suggest rising property values and could be relevant for investors, real estate agents, and appraisers assessing the local market. Prospective homeowners and current residents should be aware of these escalating tax rates for budgeting and investment considerations.
Percentage of Farm Returns in Wasco County, OR Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Wasco County, Oregon, has shown a slight but consistent decline, dipping from roughly 3.90% in 2012 to around 2.85% in 2021. Farm tax returns, essentially the income tax filings from agricultural operations, reflect the fiscal health and activities of the farming sector. This downward trend could signal shifts in the local agricultural economy, perhaps indicating fewer farming operations or declining profitability, potentially impacting investment attractiveness and property values in the area.
Number of Mortgages by Occupancy Type in Wasco County, OR Over the Last 5 Years in Wasco County
In Wasco County, Oregon, there's a noticeable trend in the number of mortgages by occupancy type over the last five years, with principal residences consistently leading the count, followed by investment properties and second residences. There seems to be a decline in overall mortgage counts for principal residences from 2020 to 2022, suggesting a potential cooling off in the primary market. Investors and builders might find the fluctuations in investment properties and second residences insightful for planning future developments, as these could indicate shifting preferences or economic factors affecting long-term real estate value and demand. Appraisers and insurance agents should note these changes as they impact risk assessments and property valuations. Understanding these trends could present opportunities or cautionary signals for those involved in the real estate market in Wasco County.
Economic Outlook
The average taxable income per tax return in Wasco County, Oregon has increased from $56,853.60 in 2020 to $65,119.75 in 2021, signaling potential economic growth and possibly better job opportunities, which could attract investors and real estate agents. State and local income taxes have also risen, from $5,648.58 in 2012 to $11,179.12 in 2021, hinting at a higher cost of living and possibly growing incomes. The average total tax liability per tax return peaked in 2021 at $9,047.41, suggesting... Read more
Average Taxable Income per Tax Return in Wasco County, OR over the last 9 years
Over the past nine years, the average taxable income per tax return in Wasco County, Oregon has generally increased, with a more notable jump seen from 2020 to 2021, rising from $56,853.60 to $65,119.75. This consistent upward trend could be attractive to investors, real estate agents, and those looking to move to or build property in the area, as it might indicate economic growth, potentially better job opportunities, and an increasing ability of residents to invest in local real estate. However, appraisers and insurance agents might want to consider the potential for market fluctuations when assessing property values and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Wasco County, OR Over the Last 10 Years
In Wasco County, Oregon, the average state and local income taxes per tax return have shown a consistent increase over the past decade. From $5,648.58 in 2012 to $11,179.12 in 2021, this upward trend could suggest a rising cost of living and potentially higher income levels in the area. This pattern is crucial for potential investors, real estate developers, and those considering relocating, indicating a potentially growing economic base and changing tax landscape. These trends might also interest appraisers and insurance agents when assessing property values or determining policy rates in the county.
Average Total Tax Liability Per Tax Return in Wasco County, OR Over the Last 10 Years
Over the past decade, Wasco County, Oregon appears to have experienced a steady increase in the average total tax liability per tax return, peaking notably in 2021 at $9,047.41, up from $6,550.00 in 2012. The consistent rise, especially in the past few years, could potentially impact property investment decisions, real estate valuations, and insurance considerations, making it an area of interest for those involved in financial planning and real estate within the county. This trend suggests a possibly growing economic activity and an evolving tax landscape that stakeholders may want to monitor closely.
Cost of Living in Wasco County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,046 | $1,552 | $1,950 | $1,439 | $2,156 |
| 1 adult 4 children | $2,046 | $1,268 | $1,473 | $1,439 | $2,232 |
| 2 adults 3 children | $2,046 | $1,268 | $1,701 | $1,439 | $1,877 |
| 1 adult 3 children | $2,046 | $1,035 | $1,224 | $1,439 | $1,963 |
| 2 adults 2 children | $1,457 | $1,038 | $1,452 | $1,254 | $1,402 |
| 1 adult 2 children | $1,457 | $775 | $975 | $1,254 | $1,376 |
| 2 adults 1 child | $1,457 | $820 | $1,203 | $650 | $1,217 |
| 1 adult 1 child | $1,457 | $530 | $726 | $650 | $1,066 |
| 2 adults | $1,165 | $659 | $954 | $0 | $946 |
| 1 adult | $1,112 | $360 | $477 | $0 | $807 |
Safety trends & Data
Wasco County, Oregon, has experienced notable changes in property crime rates over the last five years, impacting real estate dynamics. In 2022, larceny-theft incidents almost doubled from 67 in 2018 to 125. Vandalism remained relatively stable but burglary showed peaks, hitting 32 cases in 2020. Motor vehicle theft surged in 2021 to 19 incidents. These crime trends could influence investor confidence, property values, and insurance costs, highlighting a variable risk environment for real... Read more
Property Crime Trends in Wasco County, OR Over the Last 5 Years
Over the last five years, Wasco County, Oregon, has seen notable fluctuations in property crime rates. Larceny-theft consistently tops the list, with a sharp increase to 125 reported incidents in 2022 from a low of 67 in 2018. While vandalism incidents remained relatively stable, fluctuating between 36 and 45 annually, burglary saw significant peaks and valleys, reaching a high of 32 cases in 2020. Motor vehicle theft showed a surge in 2021, hitting a five-year peak of 19 incidents. These trends suggest varying levels of security concerns, which could influence investment, real estate pricing, and insurance premiums in the county.
Demographics
In Wasco County, Oregon, the adult population skews slightly female. The education level shows many residents either have a high school diploma or some college but haven't completed a degree. Age-wise, there's a notable presence of both younger children and older adults, hinting at a possibly aging population. Racially, the county is overwhelmingly White, with small communities of other... Read more
Race Distribution in Wasco County, Oregon (2022)
Educational Attainment in Wasco County, Oregon (2022)
Age Distribution in Wasco County, Oregon
Citizen Population in Wasco County, Oregon (2022)
Political Trends & Data
In Wasco County, Oregon, Republicans led the 2020 Presidential Election with just under half of the vote, suggesting a highly competitive political environment. Democrats followed closely, which indicates a balanced partisan division. Minor parties like the Libertarians and Greens had minimal impact, showing a strong two-party dominance with little influence from alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Wasco County, Oregon, the 2020 U.S. Presidential Election saw Republicans leading with just under half of the vote share, possibly indicating a competitive political landscape. Democrats trailed closely, suggesting a fairly balanced partisan divide. Smaller parties like the Libertarians and Greens garnered minimal support, with other parties capturing a minor fraction of the votes. This distribution hints at a predominantly two-party dynamic with only marginal influence from alternative political groups.
49.79% of voters voted for the Republican party in the 2020 Presidential Election
46.74% of voters voted for the Democrat party in the 2020 Presidential Election
2.09% of voters voted for the Livertarian party in the 2020 Presidential Election
0.53% of voters voted for the Green party in the 2020 Presidential Election
0.85% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wasco County, Oregon's student-to-teacher ratio has seen significant fluctuations, peaking at 24 students per teacher in 2016 before stabilizing around 14 in recent years. This trend may reflect shifts in funding, policy, or population. A consistent decrease in this ratio often implies more individualized student attention, which could make the area more attractive to families and possibly drive up property values. This might be valuable insight for real estate agents, investors, and appraisers... Read more
Student-to-teacher ratio in Wasco County, Oregon over the last 10 years
The student-to-teacher ratio in Wasco County, Oregon has fluctuated significantly over the last decade, peaking at 24 students per teacher in 2016 and then declining to approximately 14 students per teacher in the past three years. This volatility compared to the current national average of 14 students per teacher could indicate changing funding levels, district policy shifts, or population dynamics. For potential investors, real estate agents, or those considering moving there, a consistent decrease in the student-to-teacher ratio might be appealing as it typically suggests more individualized attention for students, potentially enhancing the area's appeal for families. Appraisers and insurance agents might also see this trend as indicative of an area investing more heavily in education, potentially driving up property values over time.
