Wasatch County Real Estate and Livability Trends
Wasatch County, Utah's real estate market is showing remarkable growth, with the median value of occupied housing units skyrocketing from $316,800.00 in 2015 to $620,800.00 by 2022, substantially outpacing state and national trends. Average taxable income per tax return surged from $66,006.79 in 2013 to $164,730.91 in 2021, hinting at a thriving economic climate. However, rising property taxes,... Read more
Wasatch County Market Trends
Wasatch County, Utah's real estate market has experienced impressive growth, with the median value of occupied housing units more than doubling from $316,800 in 2015 to $620,800 in 2022, significantly outpacing both state and national averages. Residential energy tax credits have varied widely, peaking at $5075.00 in 2018 before settling at $2716.00 in 2021, suggesting potential volatility in... Read more
Median Value of Occupied Housing Units in Wasatch County, Utah Over the Last 8 Years
Over the past eight years, the median value of occupied housing units in Wasatch County, Utah, has surged from $316,800 in 2015 to $620,800 in 2022, reflecting a robust growth trend. When compared to Utah state averages, which rose from $215,900 to $408,500 over the same period, Wasatch County's growth has been significantly faster. Nationally, the median value of occupied housing units only increased from $125,500 to $179,400, underscoring the area's exceptionally strong real estate market. This trend could pique the interest of those looking to invest in a booming market, build property in a high-growth area, or simply understand the local real estate dynamics better.
Residential Energy Tax Credit Per Tax Return in Wasatch County, UT Over the Last 9 Years
Over the last nine years in Wasatch County, Utah, the average residential energy tax credit per tax return has shown significant fluctuations. From a modest $340.91 in 2013, the value skyrocketed to $5075.00 in 2018 before dipping and rising again to $2716.00 in 2021. This variability indicates potential volatility in local energy investments or incentives, which might be crucial for investors, real estate agents, and insurance agents assessing property values and policy risks in the area.
Average Real Estate Taxes Per Tax Return in Wasatch County, UT Over the Last 10 Years
Over the past decade, Wasatch County in Utah has seen a consistent climb in real estate taxes per tax return, rising from $2,708.42 in 2012 to $6,429.93 in 2021. A notable surge occurred from 2016 to 2020, where the annual taxes rose steeply, potentially reflecting broader economic trends or local policy changes. For investors, property developers, and real estate agents, this trend might indicate increasing property values and a robust housing market. It's crucial for prospective buyers or those looking to insure property to be aware of the rising tax obligations, which could impact overall affordability and long-term investment returns.
Percentage of Farm Returns in Wasatch County, UT Over the Last 10 Years
Farm tax returns in Wasatch County, Utah have fluctuated over the past decade but show a general decline. Starting at approximately 2.20% in 2012, the percentage slightly increased in 2013 reaching around 2.35%, then decreased consistently to about 1.48% by 2021. These returns essentially reflect the portion of total tax filings that stem from agricultural activities. For potential investors or property buyers, this might indicate a shifting economic landscape where farming is becoming less dominant, potentially affecting land use, property values, and future development opportunities. People with an interest in agricultural investments or rural lifestyles may need to reassess the viability of farming as part of their economic plans in the area.
Number of Mortgages by Occupancy Type in Wasatch County, UT Over the Last 5 Years in Wasatch County
Over the past five years in Wasatch County, Utah, the number of mortgages for principal residences has generally shown the highest values, peaking at 4,685 in 2020 but dropping sharply to 2,581 by 2022. Investment property mortgages saw a significant increase in 2021 at 406, but dropped back to 256 by 2022, suggesting potential fluctuations in investor confidence. Mortgages for second residences consistently showed modest activity with peaks and valleys, indicating a stable, niche market. Changes in occupancy type can provide key insights into community development, investment risk, and market stability, impacting decisions from investors and builders to real estate agents and local residents.
Economic Outlook
In Wasatch County, Utah, the average taxable income per tax return has soared from $66,006.79 in 2013 to $164,730.91 by 2021, indicating a burgeoning economic climate that could intrigue investors and homebuyers alike. Parallelly, average state and local income taxes have climbed from $5,657.69 in 2012 to $21,178.64 in 2021, reflecting potential economic prosperity or shifts in tax policies. The total tax liability per tax return also jumped from $10,450.28 to $36,497.78 over the same decade,... Read more
Average Taxable Income per Tax Return in Wasatch County, UT over the last 9 years
Wasatch County, Utah has seen a significant rise in average taxable income per tax return over the past nine years. Starting at $66,006.79 in 2013, there's a notable growth, particularly post-2017, where it jumps from $85,941.25 to $164,730.91 by 2021. This trend might suggest a burgeoning economic backdrop potentially attractive to investors, real estate agents, and those considering a move to the area. The considerable income increase could also impact property values and insurance appraisals significantly.
Average State and Local Income Taxes Per Tax Return in Wasatch County, UT Over the Last 10 Years
Wasatch County, Utah has seen a significant increase in average state and local income taxes per tax return over the past decade. Starting at $5,657.69 in 2012, taxes have steadily risen, reaching $21,178.64 by 2021. This upward trend signals a potential increase in regional economic prosperity or changes in tax policies, which could impact investment decisions, property development, and overall cost of living. Real estate agents, insurance agents, and appraisers may need to consider these tax trends when advising clients or evaluating property values in the area.
Average Total Tax Liability Per Tax Return in Wasatch County, UT Over the Last 10 Years
Over the past decade, Wasatch County, Utah, has seen a notable increase in the average total tax liability per tax return, climbing from approximately $10,450.28 in 2012 to around $36,497.78 in 2021. This upward trend could reflect a combination of economic growth, higher incomes, and perhaps increased property values in the area. For investors and potential homeowners, this could indicate a robust local economy but also a higher cost of living. For appraisers, insurance agents, and real estate professionals, these numbers suggest a dynamic market with significant financial implications for property transactions.
Cost of Living in Wasatch County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,780 | $1,556 | $1,679 | $1,494 | $1,753 |
| 1 adult 4 children | $1,780 | $1,271 | $1,282 | $1,494 | $1,907 |
| 2 adults 3 children | $1,780 | $1,271 | $1,457 | $1,494 | $1,497 |
| 1 adult 3 children | $1,780 | $1,038 | $1,061 | $1,494 | $1,626 |
| 2 adults 2 children | $1,259 | $1,041 | $1,236 | $1,301 | $1,097 |
| 1 adult 2 children | $1,259 | $777 | $839 | $1,301 | $1,156 |
| 2 adults 1 child | $1,259 | $823 | $1,015 | $674 | $981 |
| 1 adult 1 child | $1,259 | $531 | $618 | $674 | $878 |
| 2 adults | $1,115 | $661 | $793 | $0 | $806 |
| 1 adult | $842 | $360 | $397 | $0 | $644 |
Safety trends & Data
Burglary and vandalism rates in Wasatch County, Utah have stayed stable, but larceny-theft incidents showed major shifts, peaking at 103.00 in 2018 and dropping to 39.00 by 2021. Motor vehicle thefts have generally declined, with a high of 20.00 in 2018 down to 1.00 in 2021. Fraud and arson have remained consistently low. Potential investors, real estate agents, and prospective residents might find these property crime trends useful for assessing risks and community safety in the... Read more
Property Crime Trends in Wasatch County, UT Over the Last 5 Years
While burglary and vandalism rates in Wasatch County, Utah have remained relatively stable, larceny-theft incidents show significant fluctuations, peaking at 103.00 in 2018 and dropping to just 39.00 by 2021. Motor vehicle thefts have seen a general decline, with the highest number at 20.00 in 2018 and falling to as low as 1.00 in 2021. Fraud and arson remained low but steady over the years. This information could be crucial for prospective investors, real estate agents, and those considering moving to the area, as it provides an informative snapshot of property crime trends overtime, allowing better evaluation of risks and community safety.
Demographics
Wasatch County, Utah, exhibits a fairly balanced gender distribution among its adult population, and a significant portion of residents possess at least some level of college education. The age distribution suggests a youthful population, with a notable number of individuals under 10 years and a smaller elderly demographic. Racially, the county seems predominantly White, with limited diversity among other racial groups. This demographic profile could impact market trends, healthcare services,... Read more
Race Distribution in Wasatch County, Utah (2022)
Educational Attainment in Wasatch County, Utah (2022)
Age Distribution in Wasatch County, Utah
Citizen Population in Wasatch County, Utah (2022)
Political Trends & Data
Wasatch County, Utah, appears to lean Republican, with approximately 60% of votes likely supporting the Republican candidate in the 2020 U.S. Presidential Election. Democratic backing seems to hover around 35%, while minor parties, including Libertarians and Greens, collectively draw less than 5%. This overall tendency could imply a predominantly conservative voter base, though the "Other" categories suggest some political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wasatch County, Utah, tends to lean Republican, with around 60% of votes likely going to the Republican candidate in the 2020 U.S. Presidential Election. Democratic support appears to hover at approximately 35%, while minor party candidates, including Libertarians and Greens, collectively garner less than 5% of the vote. These patterns might suggest a predominantly conservative voter base, though the presence of "Other" categories indicates some level of political diversity.
60.68% of voters voted for the Republican party in the 2020 Presidential Election
34.78% of voters voted for the Democrat party in the 2020 Presidential Election
1.98% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
2.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Wasatch County, Utah has seen considerable fluctuations in the past six years, reaching as high as 33 students per teacher in 2023, which substantially exceeds the national average of 14. This trend potentially impacts family relocation choices and could be a critical factor for real estate agents. Investors and developers might interpret this disparity as either a risk or an opportunity to improve local educational facilities, while appraisers and insurance... Read more
Student-to-teacher ratio in Wasatch County, Utah over the last 6 years
The student-to-teacher ratio in Wasatch County, Utah has fluctuated significantly over the past six years, peaking at 33 students per teacher in 2023. This is well above the national average of 14 students per teacher, indicating potential challenges in individual student attention and educational quality. These trends might influence decisions for families considering relocation, as well as real estate agents marketing the area. Investors and developers might see an opportunity or risk in addressing these educational resource imbalances, while appraisers and insurance agents could view these ratios as signals of local population growth and its impact on community infrastructure.
