Washington County Real Estate and Livability Trends
Washington County, Utah's real estate market has seen significant growth, exemplified by median home values rising from $212,600 in 2015 to $417,400 in 2022, a trend outpacing state and national averages. The county's economic prosperity is underscored by the average taxable income per tax return jumping from $51,731.10 in 2013 to $92,060.31 in 2021. This surge is mirrored in rising state and... Read more
Washington County Market Trends
Washington County, Utah has seen its median home values skyrocket from $212,600 in 2015 to $417,400 in 2022, outpacing both the state and national trends. The rising residential energy tax credits, peaking at $2979.25 in 2018, suggest growing adoption of energy-efficient upgrades, potentially boosting property attractiveness and resale values. Real estate tax hikes, with an increase from... Read more
Median Value of Occupied Housing Units in Washington County, Utah Over the Last 8 Years
Over the last eight years, Washington County, Utah has seen its median home values increase significantly, climbing from $212,600 in 2015 to $417,400 in 2022. This growth outpaces both the state of Utah, which saw values rise from $215,900 to $408,500, and the national median that went from $125,500 to $179,400 in the same period. This trend may suggest that Washington County could be a compelling investment, given its soaring property values relative to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Washington County, UT Over the Last 9 Years
In Washington County, Utah, residential energy tax credits per tax return have shown a significant rise over the last nine years. Starting from $637.97 in 2013, the average credit increased noticeably, peaking at $2979.25 in 2018 before experiencing some fluctuations. This trend suggests a growing uptake of energy-efficient home improvements possibly due to incentives or increasing energy costs. This could be particularly interesting for real estate agents and investors focusing on properties with energy-efficient features, potentially offering higher resale values. Appraisers and insurance agents may also see implications for property values and risk assessments in light of these energy upgrades.
Average Real Estate Taxes Per Tax Return in Washington County, UT Over the Last 10 Years
Over the past decade, Washington County, Utah has experienced a noticeable increase in average real estate taxes per tax return, climbing from $2,173.65 in 2012 to $3,594.24 in 2021. This trend suggests a potentially growing property tax burden, which could impact decisions for investors, potential homebuyers, and real estate developers. With taxes peaking sharply around 2018 and continuing to rise, it may signal an increasing valuation of properties in the area, pointing towards a robust real estate market. Prospective residents and businesses should consider these shifts when evaluating the long-term financial implications of settling in or investing in Washington County.
Percentage of Farm Returns in Washington County, UT Over the Last 10 Years
Washington County, Utah has seen a general decline in the percentage of farm tax returns over the past decade, dropping from about 0.95% in 2012 to roughly 0.67% in 2021. This trend indicates that fewer individuals or businesses are claiming farm-related income, which could suggest shifts in land use or economic changes in the agricultural sector. For investors, builders, and prospective residents, this could mean a transition towards more urban or residential developments, potentially impacting property values and local economy dynamics. This decline in farm returns could potentially create opportunities for different types of investments, indicating a county that's possibly evolving away from traditional farming. For those already living in Washington County, it may be worth keeping an eye on how these changes affect local services and infrastructure.
Number of Mortgages by Occupancy Type in Washington County, UT Over the Last 5 Years in Washington County
Over the past five years in Washington County, Utah, there's been a notable fluctuation in mortgage originations across different occupancy types. Principal residences consistently make up the bulk of mortgages, peaking in 2020, while investment properties and second residences have seen more modest but still significant shifts. The rise and fall in investment property mortgages, for instance, from 952 in 2018 to 2016 in 2021, suggest a dynamic market with varying investor confidence and economic factors that potential investors and appraisers should consider. For those looking to move or build in the region, understanding these occupancy trends could provide insights into housing demand and community stability, affecting decisions related to property values, insurance rates, and market forecasts.
Economic Outlook
Washington County, Utah has shown a considerable rise in average taxable income per tax return, climbing from $51,731.10 in 2013 to $92,060.31 in 2021. This financial prosperity suggests economic growth and better employment opportunities. State and local income taxes have also sharply increased from $4,828.77 in 2012 to $13,075.57 in 2021, indicating rising incomes and possibly changing tax policies. Furthermore, the total tax liability per tax return surged from $7,616.56 in 2012 to... Read more
Average Taxable Income per Tax Return in Washington County, UT over the last 9 years
Over the past nine years, Washington County, Utah has seen a notable increase in the average taxable income per tax return, suggesting a trend towards greater financial prosperity among its residents. Starting at $51,731.10 in 2013, the average taxable income rose steadily, highlighted by a significant jump to $92,060.31 in 2021. This upward trend may reflect economic growth and increasing employment opportunities in the area, potentially making it an attractive market for investors, real estate agents, and those considering moving to the region.
Average State and Local Income Taxes Per Tax Return in Washington County, UT Over the Last 10 Years
Over the past decade in Washington County, Utah, average state and local income taxes per tax return have seen a significant rise, jumping from approximately $4,828.77 in 2012 to around $13,075.57 in 2021. This upward trajectory, especially notable from 2017 onward, could signal economic growth, changing tax policies, or increasing incomes, all of which might be key factors for potential investors, developers, and real estate professionals to consider.
Average Total Tax Liability Per Tax Return in Washington County, UT Over the Last 10 Years
Over the last decade, Washington County, Utah, has seen a notable rise in average total tax liability per tax return. Starting at around $7,616.56 in 2012, the liability grew significantly, culminating at approximately $16,321.86 in 2021. This upward trend could suggest increased earnings and possibly higher property values, making it a point of interest for potential investors, real estate agents, appraisers, and those considering moving to the area. The sharp surge between 2018 and 2021 may particularly highlight recent economic growth or shifts in local tax policies.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,734 | $1,468 | $2,079 | $1,620 | $1,790 |
| 1 adult 4 children | $1,734 | $1,199 | $1,582 | $1,620 | $1,906 |
| 2 adults 3 children | $1,734 | $1,199 | $1,808 | $1,620 | $1,520 |
| 1 adult 3 children | $1,734 | $979 | $1,311 | $1,620 | $1,643 |
| 2 adults 2 children | $1,226 | $982 | $1,537 | $1,410 | $1,127 |
| 1 adult 2 children | $1,226 | $733 | $1,040 | $1,410 | $1,160 |
| 2 adults 1 child | $1,226 | $776 | $1,266 | $728 | $984 |
| 1 adult 1 child | $1,226 | $501 | $769 | $728 | $832 |
| 2 adults | $1,011 | $623 | $995 | $0 | $745 |
| 1 adult | $924 | $340 | $498 | $0 | $653 |
Safety trends & Data
Washington County, Utah, has shown fluctuating property crime trends over the past five years. Larceny-theft tops the list, indicating a persistent issue with petty theft. Vandalism peaked in 2020 with 270 cases but has since declined. Burglary incidents fell from 77 in 2018 to 53 in 2022, possibly due to better security or reporting changes. Minimal arson occurrences offer some reassurance, but potential investors should be cautious of irregular vehicle... Read more
Property Crime Trends in Washington County, UT Over the Last 5 Years
Washington County, Utah, has shown fluctuating trends in property crime over the past five years. Larceny-theft frequently leads among incidents, indicating a consistent issue with petty theft. Vandalism reports peaked in 2020 at 270 cases, suggestive of a temporary surge. Burglary incidents have generally declined from 77 in 2018 to 53 in 2022, possibly reflecting improved security measures or reporting changes. Those planning to invest or insure property should note minimal arson occurrences, but caution is advised regarding vehicle thefts which, although irregular, highlight a potential risk area.
Demographics
In Washington County, Utah, males and females represent a nearly even split in the adult population, with a slight majority of females. The educational attainment data shows a significant portion of the population has some college education or higher, hinting at a relatively educated community. Age-wise, the county exhibits a diverse spread, though individuals in the 35 to 44 age range seem to be particularly prominent. Racially, the county is predominantly White, with other racial groups... Read more
Race Distribution in Washington County, Utah (2022)
Educational Attainment in Washington County, Utah (2022)
Age Distribution in Washington County, Utah
Citizen Population in Washington County, Utah (2022)
Political Trends & Data
Washington County, Utah's real estate market might be influenced by its predominantly conservative voter base, with around 74% of 2020 Presidential election votes going to Republicans. The area's political landscape could affect zoning laws, property taxes, and local development initiatives, possibly catering to traditional values and community-focused living. This may appeal to buyers seeking stability and a culture aligned with conservative principles, while potentially dissuading those... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Washington County, Utah showed a strong leaning towards the Republican party with roughly 74% of the votes in the 2020 Presidential election. Democrats trailed significantly at around 23%, while Libertarians, Greens, and other parties collectively made up less than 5% of the total vote. This distribution suggests a heavily conservative voter base, potentially influencing local policy and community culture.
73.89% of voters voted for the Republican party in the 2020 Presidential Election
22.54% of voters voted for the Democrat party in the 2020 Presidential Election
1.91% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
1.45% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Washington County, Utah, has consistently hovered around 25 students per teacher over the past six years, significantly higher than the national average of 14 students per teacher. This elevated ratio, peaking at 27 in 2020, might signal challenges in delivering individualized attention and quality education, potentially influencing parents' decisions on relocation and investors' views on local educational services. For real estate agents and developers, these... Read more
Student-to-teacher ratio in Washington County, Utah over the last 6 years
The student-to-teacher ratio in Washington County, Utah, hovered around 25 students per teacher over the last six years, notably surpassing the national average of 14 students per teacher. With peaks like 27 in 2020, this elevated ratio could signal challenges in delivering individualized attention and quality education, affecting parents' decisions on where to move and investors' perspectives on local educational services. For real estate agents and developers, these figures might reflect on the desirability of the area for families prioritizing education quality, indirectly impacting housing demand and property values. For insurance agents and appraisers, understanding these dynamics helps in evaluating neighborhood growth and school district influences on market trends.
