Washington County Real Estate and Livability Trends
In Washington County, Vermont, median home values have seen a notable increase from $211,200 in 2015 to $278,000 in 2022, outpacing national and state growth. Residential energy tax credits peaked at $4,414.81 in 2018, indicating a growing interest in energy-efficient homes. Real estate taxes have also climbed significantly, suggesting either rising property values or tax rates. Interestingly,... Read more
Washington County Market Trends
In Washington County, Vermont, median home values have surged from $211,200 in 2015 to $278,000 in 2022, outperforming both national and state-level growth. The rise in residential energy tax credits, peaking at $4,414.81 in 2018, suggests growing interest in energy-efficient home improvements. Real estate taxes have climbed from $5,097.40 in 2012 to $8,361.69 in 2021, reflecting either higher... Read more
Median Value of Occupied Housing Units in Washington County, Vermont Over the Last 8 Years
Over the past eight years, median home values in Washington County, Vermont have shown a steady upward trend, significantly outpacing national figures. For instance, while the U.S. median value increased from $125,500 in 2015 to $179,400 in 2022, Washington County surged from $211,200 to $278,000. This local growth also slightly outstripped the Vermont state median, where values climbed from $217,500 to $272,400 during the same period. These numbers suggest that Washington County may provide robust investment opportunities due to its stronger appreciation in home values compared to broader benchmarks.
Residential Energy Tax Credit Per Tax Return in Washington County, VT Over the Last 9 Years
Residential energy tax credits in Washington County, Vermont have shown a considerable upward trend over the past nine years, with a sharp spike in 2018 when the average credit per tax return hit $4,414.81. Notably, from 2013 to 2017, there's a noticeable steady increase from approximately $884.82 to $2,669.49. Although there's a dip after 2018, the credits remain significantly higher than at the start of the period, hovering around $2,096.34 in 2021. This trend suggests a heightened focus on energy-efficient home improvements, potentially making the county an attractive spot for eco-conscious investors and homeowners.
Average Real Estate Taxes Per Tax Return in Washington County, VT Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Washington County, Vermont have generally risen, hitting $8,361.69 in 2021 from $5,097.40 in 2012. This steady increase could indicate growing property values or higher tax rates, making it a crucial consideration for prospective investors, property builders, and real estate agents. For current residents and those eyeing the area, these tax trends may impact overall cost of living and should be factored into financial planning.
Percentage of Farm Returns in Washington County, VT Over the Last 10 Years
The percentage of farm tax returns in Washington County, Vermont has varied slightly over the past decade, peaking around 1.02% in 2015 and dipping to approximately 0.78% by 2021. This trend could be indicative of changing agricultural practices, shifts in economic conditions, or evolving rural demographics. For those looking to invest, move, or build property in Washington County, these numbers might suggest a gradual decline in traditional farming activities.
Number of Mortgages by Occupancy Type in Washington County, VT Over the Last 5 Years in Washington County
Washington County, Vermont's mortgage landscape reveals interesting shifts over the past five years. Principal residence mortgages have shown notable fluctuations, peaking at 3,349 in 2021 before dipping to 2,245 in 2022. Investment property mortgages and second residence mortgages have maintained more consistent patterns, although both saw a peak in 2020 and a slight decline by 2022. Observing these changes helps potential investors and real estate agents understand the dynamic nature of housing demand; appraisers and insurance agents can better assess property values and risks. For those considering relocation or new construction, a burgeoning principal residence market in certain years may indicate competitive pricing and availability, or shifts in population trends.
Economic Outlook
In Washington County, Vermont, average taxable income per tax return has increased from $57,188.62 in 2013 to $79,295.97 in 2021, suggesting improving economic conditions and potentially rising incomes. State and local income taxes have also surged from $5,450.74 in 2012 to $14,735.44 by 2021, particularly after 2017, which could shed light on rising fiscal responsibilities. With average total tax liabilities moving from $8,086.70 in 2012 to $12,334.74 by 2021, potential investors and real... Read more
Average Taxable Income per Tax Return in Washington County, VT over the last 9 years
The average taxable income per tax return in Washington County, Vermont has shown a generally upward trend over the last nine years, increasing from $57,188.62 in 2013 to $79,295.97 in 2021. This growth might reflect improving economic conditions or rising incomes in the region. However, fluctuations such as dips in 2017 could suggest varying economic factors at play. Potential investors, appraisers, and real estate agents might find this trend indicative of a viable and robust economic environment in Washington County, potentially signaling a good opportunity for investment and growth.
Average State and Local Income Taxes Per Tax Return in Washington County, VT Over the Last 10 Years
Over the past decade, Washington County, Vermont has seen a significant rise in average state and local income taxes per tax return, with values surging from $5,450.74 in 2012 to $14,735.44 by 2021. The most notable increase began post-2017, indicating a sharp escalation in tax burdens in recent years. This trend could affect decisions for investors, potential residents, and real estate stakeholders by highlighting increased fiscal responsibilities which might impact overall cost of living and investment returns. The data calls for a closer analysis by insurance agents and appraisers in understanding local economic dynamics for setting premiums and property valuations.
Average Total Tax Liability Per Tax Return in Washington County, VT Over the Last 10 Years
Washington County, Vermont has experienced a notable increase in average total tax liability per tax return over the past decade. From $8,086.70 in 2012 to $12,334.74 in 2021, the upward trend, especially the sharp rise between 2016 and 2021, likely reflects changing economic conditions and possibly tax policy adjustments. This may impact decisions for potential investors, residents, and real estate professionals, as rising tax liabilities could affect property values and overall cost of living.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,584 | $1,765 | $2,107 | $1,665 | $1,742 |
| 2 adults 3 children | $1,584 | $1,442 | $2,074 | $1,665 | $1,516 |
| 1 adult 4 children | $1,584 | $1,442 | $1,456 | $1,665 | $1,783 |
| 1 adult 3 children | $1,584 | $1,177 | $1,423 | $1,665 | $1,619 |
| 2 adults 2 children | $1,255 | $1,181 | $2,040 | $1,444 | $1,287 |
| 1 adult 2 children | $1,255 | $882 | $1,390 | $1,444 | $1,295 |
| 2 adults 1 child | $1,255 | $933 | $2,007 | $724 | $1,135 |
| 1 adult 1 child | $1,255 | $603 | $1,357 | $724 | $1,048 |
| 2 adults | $953 | $750 | $1,455 | $0 | $861 |
| 1 adult | $839 | $409 | $728 | $0 | $655 |
Safety trends & Data
Property crimes in Washington County, Vermont, have shown a noticeable shift over the past five years. Burglary cases have significantly dropped from 34 in 2018 to just 12 in 2022. Larceny-theft, however, remains a key concern, with fluctuations that saw 155 cases in 2018 and 110 by 2022. Vandalism incidents peaked at 69 in 2020 but have settled to the mid-40s. Meanwhile, fraud incidents dramatically decreased from 53 in 2018 to 10 in 2020, inching back up to 28 by 2022. These trends could be... Read more
Property Crime Trends in Washington County, VT Over the Last 5 Years
Property crimes in Washington County, Vermont, have exhibited interesting trends over the past five years. A notable decrease in burglary incidents is observed, dropping from 34 in 2018 to just 12 in 2022. Conversely, larceny-theft remains a significant concern, fluctuating with 155 cases in 2018, dipping in 2020, and slightly increasing to 110 in 2022. Vandalism incidents spiked in 2020 at 69 but have somewhat stabilized around the mid-40s. Fraud incidents saw a marked decline from 53 in 2018 to just 10 in 2020, but have since moderately increased to 28 by 2022. These trends can offer valuable insights for investors, real estate agents, and insurers, as they reflect the shifting dynamics in property crime affecting the county's safety and economic climate.
Demographics
Washington County, Vermont, shows a roughly even gender split in its adult population with a slight female majority. Educational attainment highlights a significant portion of residents possessing at least a bachelor's degree or higher, suggesting a well-educated community. The age distribution is quite balanced, though there's a noticeable population increase in the 55-64 age bracket, likely impacting local healthcare and retirement services. Racial demographics indicate an overwhelmingly... Read more
Race Distribution in Washington County, Vermont (2022)
Educational Attainment in Washington County, Vermont (2022)
Age Distribution in Washington County, Vermont
Citizen Population in Washington County, Vermont (2022)
Political Trends & Data
Washington County, Vermont, real estate might be influenced by its predominantly Democratic voter base, as about 71.00% of the population leans blue. With only around 25.00% favoring Republicans, the political landscape could affect property values and community investments, potentially favoring policies that support local development and sustainability initiatives. Third-party influence appears minimal, suggesting a relatively stable political climate that could appeal to buyers seeking... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Washington County, Vermont, might see a dominant Democratic influence with roughly 71% of the votes leaning blue. This hints at a strong liberal base compared to about 25% favoring Republicans. Minor parties such as Libertarians and Greens combined with other parties make up a smaller fraction, indicating minimal third-party impact.
24.65% of voters voted for the Republican party in the 2020 Presidential Election
71.06% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Livertarian party in the 2020 Presidential Election
0.44% of voters voted for the Green party in the 2020 Presidential Election
2.94% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Washington County, Vermont, the student-to-teacher ratio has generally fallen below the national average of 14 students per teacher, with figures fluctuating between 9.76 and 12.16 from 2014 to 2023. Smaller class sizes may appeal to families seeking more personalized education, suggesting a potentially stable and attractive real estate market near quality education facilities. Schools with lower ratios are often more desirable, likely impacting property values and risk assessments... Read more
Student-to-teacher ratio in Washington County, Vermont over the last 10 years
Washington County, Vermont has seen fluctuations in its student-to-teacher ratio over the past decade, generally remaining below the national average of 14 students per teacher. Between 2014 and 2023, the county's ratio ranged from about 9.76 to 12.16, indicating smaller class sizes that could appeal to families prioritizing individualized attention. For investors and real estate agents, this trend could signal a stable, potentially attractive market for properties near quality education facilities. Appraisers and insurance agents might note that schools with lower ratios tend to be more desirable, potentially affecting property values and risk assessments. Those planning to build property can view these metrics as a positive aspect that could enhance the community's appeal.
