Washington County Real Estate and Livability Trends
Washington County, Oregon's average taxable income per tax return climbed to $109,925.75 in 2021, highlighting growing economic stability and increased earnings. The surge in median home values from $285,100 in 2015 to $504,300 in 2022 suggests strong demand and possibly tight housing supply. Investment in energy-efficient upgrades reflects a significant rise, particularly in 2017 and 2018. Real... Read more
Washington County Market Trends
Median home values in Washington County, Oregon have surged from $285,100 in 2015 to $504,300 in 2022, outpacing both state and national averages. This growth suggests strong demand and a potentially tight housing supply. Average residential energy tax credits saw significant spikes, particularly in 2017 and 2018, possibly indicating increased investment in energy-efficient home upgrades. Real... Read more
Median Value of Occupied Housing Units in Washington County, Oregon Over the Last 8 Years
Median home values in Washington County, Oregon have seen a consistent upward trend over the last eight years, increasing from $285,100 in 2015 to $504,300 in 2022. This growth appears to outpace both state and national averages, with Oregon's median values rising from $237,300 to $423,100 and the national values moving from $125,500 to $179,400 over the same period. Such a rapid increase might suggest strong demand and potentially tighter housing supply in Washington County, which could be appealing or concerning depending on one's perspective, whether as a potential homeowner, investor, or developer.
Residential Energy Tax Credit Per Tax Return in Washington County, OR Over the Last 9 Years
Washington County, Oregon has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years. The credit jumped dramatically in 2017 to $1,417.86 and spiked in 2018 at $3,700.00, suggesting increased investments in energy-efficient upgrades. Although it dipped to $1,296.88 in 2020, it rebounded to $1,827.15 in 2021. This variability might reflect shifting policies or incentives and can be a critical consideration for investors, appraisers, and real estate professionals assessing the area's property market and potential for sustainable development.
Average Real Estate Taxes Per Tax Return in Washington County, OR Over the Last 10 Years
Average real estate taxes in Washington County, Oregon have shown a consistent upward trend over the last decade, rising from $3,945.65 in 2012 to $6,221.10 in 2021. This suggests a potentially increased financial burden on homeowners, alongside possibly higher property valuations and municipal service levels. The significant jumps, particularly from 2017 to 2018, indicate periods where tax policies or market conditions may have shifted. For those considering investments or relocations, these trends highlight the importance of budgeting for increasing property tax expenses. Real estate agents and appraisers will likely observe impacts on demand and valuations, while insurance agents should factor these escalating taxes into their risk assessments.
Percentage of Farm Returns in Washington County, OR Over the Last 10 Years
The data from Washington County, Oregon shows a gradual decline in the percentage of farm tax returns over the past decade, dropping from approximately 0.73% in 2012 to about 0.54% in 2021. Farm tax returns, which signify the number of tax filings from farming activities, provide insights into the agricultural health and economic vitality of a region. This trend could suggest shifts in land use, economic pressures on agricultural activities, or changes in the county's demographics. For investors and property developers, this might hint at evolving land use patterns and potential opportunities in other sectors. Residents and those moving to the area might see it reflecting broader economic transformations within the county.
Number of Mortgages by Occupancy Type in Washington County, OR Over the Last 5 Years in Washington County
In Washington County, Oregon, there has been a noticeable fluctuation in the number of mortgages across different occupancy types over the past five years. Principal residences consistently dominate the mortgage market, although their numbers dipped from a high in 2020 to a significant low by 2022. Investment properties saw a sharp rise from 2018 through 2021 before a substantial drop in 2022. Second residences remained relatively minor but also saw a decline over time. These shifts can impact investor sentiment, property valuations, and insurance rates, signaling changing priorities and risk assessments in the housing market. Real estate professionals and potential buyers may need to consider these trends for future planning and investment decisions.
Economic Outlook
In Washington County, Oregon, average taxable income per tax return has jumped from $69,790.60 in 2013 to $109,925.75 in 2021, pointing to an economically stable area with increasing earning opportunities. The spike in state and local income taxes from $8,826.56 in 2012 to $19,381.57 in 2021 suggests rising incomes or changing tax policies. Concurrently, total tax liability has climbed to $19,034.68 by 2021. These trends could imply increasing property values and a healthy financial... Read more
Average Taxable Income per Tax Return in Washington County, OR over the last 9 years
Over the past nine years in Washington County, Oregon, the average taxable income per tax return has generally trended upwards, starting from $69,790.60 in 2013 to a notable increase at $109,925.75 in 2021. This steady rise reflects growing economic stability and potentially higher earning opportunities in the area. Such patterns are crucial for potential investors, property developers, real estate agents, and anyone considering moving to or investing in the county as they imply a healthy financial environment and possibly increasing property values. However, external factors and fluctuations in some years indicate the importance of market research and cautious speculation.
Average State and Local Income Taxes Per Tax Return in Washington County, OR Over the Last 10 Years
Over the last decade, Washington County, Oregon has seen a noticeable increase in average state and local income taxes per tax return, escalating from $8,826.56 in 2012 to $19,381.57 in 2021. This upward trend might reflect economic growth, rising income levels, or changes in tax policies. It's a significant factor for investors, potential residents, and real estate professionals to consider, as higher taxes can influence property values and the cost of living. Appraisers and insurance agents in the area should be aware of these shifts when evaluating risk and property appraisals.
Average Total Tax Liability Per Tax Return in Washington County, OR Over the Last 10 Years
In Washington County, Oregon, the average total tax liability per tax return has shown a generally increasing trend over the past decade, starting from $11,411.03 in 2012 and reaching $19,034.68 by 2021. This upward trajectory highlights the county's growing economic prosperity, which may be attractive to potential investors, property developers, and real estate agents. The significant spike in recent years, particularly in 2020 and 2021, suggests an economic environment that might warrant closer scrutiny by appraisers and insurance agents. Potential home buyers and residents might also find this trend illustrative of the area's rising affluence and evolving tax landscape.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,767 | $1,681 | $1,659 | $2,432 | $2,932 |
| 1 adult 4 children | $2,767 | $1,373 | $1,250 | $2,432 | $2,923 |
| 2 adults 3 children | $2,767 | $1,373 | $1,448 | $2,432 | $2,664 |
| 1 adult 3 children | $2,767 | $1,121 | $1,040 | $2,432 | $2,692 |
| 2 adults 2 children | $1,977 | $1,124 | $1,237 | $2,178 | $2,010 |
| 1 adult 2 children | $1,977 | $840 | $829 | $2,178 | $2,070 |
| 2 adults 1 child | $1,977 | $888 | $1,027 | $1,352 | $1,641 |
| 1 adult 1 child | $1,977 | $574 | $619 | $1,352 | $1,618 |
| 2 adults | $1,731 | $714 | $816 | $0 | $1,147 |
| 1 adult | $1,612 | $389 | $408 | $0 | $1,046 |
Safety trends & Data
Washington County, Oregon has seen fluctuating property crime trends over the past five years. Larceny-theft remains the most frequent offense, peaking at 1,799 cases in 2022, but burglary and motor vehicle theft have shown volatility. A notable surge in 2021 incidents involving stolen property and a significant uptick in vandalism during 2020 might influence insurance premiums, property appraisal values, and market dynamics for real estate investors and... Read more
Property Crime Trends in Washington County, OR Over the Last 5 Years
Washington County, Oregon has seen fluctuating property crime trends over the past five years, with notable variations in certain categories. While larceny-theft remains the most frequent offense, peaking at 1,799 cases in 2022, incidents like burglary and motor vehicle theft have shown some volatility. Noteworthy is the 2021 surge in incidents involving stolen property and a significant uptick in vandalism during 2020. These patterns may influence insurance premiums, affect property appraisal values, and shape market dynamics for real estate investors and homebuyers considering this region.
Demographics
Washington County, Oregon has a population that is almost evenly split between males and females. The county is seeing an educational landscape where higher education is fairly prevalent, with over 116,000 individuals holding a bachelor's degree and approximately 74,500 holding a graduate or professional degree. The age distribution shows a significant portion of the population in their prime working years, particularly from 25 to 44 years old. Racial diversity is also present, although it... Read more
Race Distribution in Washington County, Oregon (2022)
Educational Attainment in Washington County, Oregon (2022)
Age Distribution in Washington County, Oregon
Citizen Population in Washington County, Oregon (2022)
Political Trends & Data
Washington County, Oregon's strong Democratic lean in the 2020 U.S. Presidential Election, capturing around 65.5% of the vote, indicates solid local support for the party, while Republicans managed about 30.9%. Minor parties like the Libertarians and Greens trailed significantly with about 2% and 0.4%, respectively. This political landscape could shape future local and state... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Washington County, Oregon saw a notable lean towards the Democratic party in the 2020 U.S. Presidential Election, with approximately 65.5% of the vote. The Republicans garnered roughly 30.9%, highlighting a significant gap between the two major parties. Meanwhile, minor parties such as the Libertarians and Greens received a much smaller fraction of the votes, around 2% and 0.4%, respectively. This distribution could suggest a trend of strong Democratic support in the region, potentially influencing future local and state elections.
30.93% of voters voted for the Republican party in the 2020 Presidential Election
65.54% of voters voted for the Democrat party in the 2020 Presidential Election
2.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.45% of voters voted for the Green party in the 2020 Presidential Election
1.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Washington County, Oregon, has experienced a drop in the student-to-teacher ratio from 22 to approximately 18, potentially enhancing individual student support and appealing to relocating families. Real estate agents could leverage this trend as a selling point, while appraisers and insurance agents might view the county's commitment to education as a factor that could stabilize and possibly increase local property values. Though still above the national average of 14,... Read more
Student-to-teacher ratio in Washington County, Oregon over the last 10 years
Over the past decade, the student-to-teacher ratio in Washington County, Oregon, has seen a consistent decline, moving from 22 students per teacher in 2014 to approximately 18 in 2023. This trend suggests improved individual attention for students, potentially boosting educational outcomes, which could appeal to families considering relocation. For real estate agents, this positive shift could be a selling point, while appraisers and insurance agents might note the county's investment in education as a factor contributing to local property values and community stability. With the national average being 14 students per teacher, Washington County is still above average but closing the gap, which might be relevant data for investors contemplating educational infrastructure.
