Asotin County Real Estate and Livability Trends
Asotin County, Washington’s real estate has appreciated markedly, with median home values rising to $266,400 in 2022 from $171,900 in 2015, still trailing the state median of $473,400. Tax data shows a significant uptrend in average taxable income and property tax liabilities, signaling potential financial growth. Residential energy upgrades are on the rise, illustrated by increasing average... Read more
Asotin County Market Trends
Median home values in Asotin County, Washington have appreciated considerably, reaching $266,400 in 2022 from $171,900 in 2015, though still below the state median of $473,400. Residential energy tax credits have seen a substantial rise, averaging $1,081.82 per tax return by 2021, hinting at increased adoption of energy-efficient upgrades. Real estate taxes peaked at $5,112.96 in 2018 but... Read more
Median Value of Occupied Housing Units in Asotin County, Washington Over the Last 8 Years
Median home values in Asotin County, Washington have shown significant appreciation over the past eight years, reaching $266,400 in 2022, up from $171,900 in 2015. This growth, while robust, still lags behind the state median, which soared to $473,400 in 2022. Nationally, the median home value increased to $179,400 during the same period. This disparity suggests that while Asotin County presents strong growth potential, it remains more affordable than many other parts of Washington, making it an attractive option for investors and new homeowners seeking value in the Pacific Northwest.
Residential Energy Tax Credit Per Tax Return in Asotin County, WA Over the Last 8 Years
A revealing trend shows the residential energy tax credits per tax return in Asotin County, Washington have seen substantial fluctuations over the past eight years. The average credit began at approximately $189.47 in 2013 and saw a notable increase to $1,081.82 by 2021. This spike, especially marked from 2019 onwards, suggests a possible increase in the adoption of energy-efficient home improvements or new legislation boosting incentives. For those considering property investment or building in Asotin County, these rising credits could reflect a growing emphasis on sustainability and energy efficiency in the local real estate market.
Average Real Estate Taxes Per Tax Return in Asotin County, WA Over the Last 10 Years
Those observing real estate trends in Asotin County, Washington may notice a general upward trajectory in average real estate taxes per tax return over the last decade, with a significant spike in 2018 reaching $5,112.96. Following this peak, the values tend to stabilize somewhat, with 2021 figures settling at $4,195.12. This fluctuation could imply varying tax assessments or changes in property values, factors critical for investors, real estate agents, and appraisers considering market dynamics and long-term financial planning in the region.
Percentage of Farm Returns in Asotin County, WA Over the Last 10 Years
The percentage of farm tax returns in Asotin County, Washington, has shown a slight overall decline over the past decade, hovering around 1.74% in 2012 and tapering to approximately 1.52% in 2021. Despite minor fluctuations, peak values like the 1.69% in 2017 contrast with the low of 1.47% seen in 2020. Farm tax returns capture the proportion of total tax returns filed that identify farm income, providing a snapshot of the agricultural sector's economic impact. Investors, prospective residents, and developers might find this data indicative of farming's evolving role in the county's economy and land use.
Number of Mortgages by Occupancy Type in Asotin County, WA Over the Last 5 Years in Asotin County
In Asotin County, Washington, the number of mortgages reflects notable fluctuations in occupancy types over the past five years. Principal residences saw a peak in 2021 with 1,661 mortgages, significantly higher than in other years. In contrast, investment properties and second residences have experienced varying but relatively lower numbers, with investment properties peaking in 2020 at 73. These changes could signal shifting demographic trends or economic conditions influencing lending practices and housing demand. For investors, real estate agents, and insurance agents, understanding these patterns is vital for risk assessment, market predictions, and client advisories. Potential homeowners and builders might find this data indicative of market saturation or opportunities for development.
Economic Outlook
Over the past decade, Asotin County, Washington has generally experienced an upward trend in average taxable income per tax return, climbing from around $52,164.27 in 2013 to roughly $76,024.34 in 2021. Simultaneously, average state and local income taxes have surged, peaking at $11,718.18 in 2019 and stabilizing above $11,000 since then. This could reflect an increase in incomes or tax rates, affecting investment and residency decisions. Additionally, the average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Asotin County, WA over the last 9 years
Over the past nine years, Asotin County, Washington has generally seen an upward trend in the average taxable income per tax return, rising from approximately $52,164.27 in 2013 to about $76,024.34 in 2021. This growth could make the area appealing to potential investors and those considering relocation, as it suggests a potentially expanding economic base. Real estate agents might also find it easier to market properties, knowing that average incomes appear to be on the rise, which can indicate a healthier local economy and greater spending power among residents.
Average State and Local Income Taxes Per Tax Return in Asotin County, WA Over the Last 10 Years
Asotin County, Washington has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting from $5,370.54 in 2012, the figures rose moderately until 2016, before seeing a sharp jump in 2018 and peaking at $11,718.18 in 2019. Since then, the tax values have stabilized but remain above $11,000, indicating a significant rise in the tax burden over these years. This trend may suggest growing incomes or increased tax rates, which could impact decisions for investment, property development, and residency in the area.
Average Total Tax Liability Per Tax Return in Asotin County, WA Over the Last 10 Years
The average total tax liability per tax return in Asotin County, Washington, has seen a general upward trend over the past decade, with notable fluctuations. In 2012, the average liability was about $8,770.92, dipping to $8,400.42 in 2013, but rising to $12,978.42 by 2021. These changes suggest financial growth and possible shifts in income and property values. This is relevant for potential investors, appraisers, and real estate agents considering market dynamics, as increased tax liabilities often correspond with higher property values and economic activity.
Cost of Living in Asotin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,504 | $1,488 | $1,571 | $1,836 | $1,072 |
| 1 adult 4 children | $1,504 | $1,215 | $1,212 | $1,836 | $1,249 |
| 2 adults 3 children | $1,504 | $1,216 | $1,357 | $1,836 | $894 |
| 1 adult 3 children | $1,504 | $992 | $999 | $1,836 | $1,041 |
| 2 adults 2 children | $1,058 | $995 | $1,144 | $1,595 | $709 |
| 1 adult 2 children | $1,058 | $743 | $785 | $1,595 | $693 |
| 2 adults 1 child | $1,058 | $786 | $930 | $810 | $630 |
| 1 adult 1 child | $1,058 | $508 | $572 | $810 | $543 |
| 2 adults | $823 | $632 | $717 | $0 | $499 |
| 1 adult | $707 | $345 | $358 | $0 | $425 |
Safety trends & Data
Asotin County, Washington has seen significant changes in property crime rates in recent years, which could impact real estate values and insurance premiums. Burglary incidents jumped from 9.0 in 2018 to 28.0 in 2022, while larceny-theft cases increased from 33.0 to 104.0 over the same period. Vandalism rose from 1.0 in 2018 to 17.0 by 2021 and has plateaued. Emerging crimes like motor vehicle theft and arson appeared recently, suggesting a shifting landscape that potential investors or... Read more
Property Crime Trends in Asotin County, WA Over the Last 5 Years
Asotin County, Washington has experienced fluctuating property crime rates over the last five years. Burglary incidents showed a significant increase from 9.0 in 2018 to 28.0 in 2022, while larceny-theft saw a notable jump from 33.0 in 2018 to 104.0 in 2022. Vandalism cases rose from 1.0 in 2018 to 17.0 by 2021 and remained steady into 2022. Emerging crimes like motor vehicle theft and arson appeared in 2020 and 2021 respectively, albeit in smaller numbers. These patterns might influence real estate values, insurance premiums, and could be critical for potential investors or residents considering Asotin County.
Demographics
Asotin County, Washington, presents an intriguing demographic landscape with a nearly balanced gender distribution and a predominantly White population at around 20,000 people. Adult residents show a significant educational attainment, with roughly 9,500 having attended some college or completing a degree. The age distribution skews towards older adults, particularly those aged 55 to 74, suggesting potential needs for age-related services. Ethnic diversity is relatively limited, with very small... Read more
Race Distribution in Asotin County, Washington (2022)
Educational Attainment in Asotin County, Washington (2022)
Age Distribution in Asotin County, Washington
Citizen Population in Asotin County, Washington (2022)
Political Trends & Data
In Asotin County, Washington, a Republican trend was suggested by the 2020 U.S. Presidential Election, where about 61.2% of the vote leaned Republican, while 35.6% went to Democrats. Minor parties like the Libertarian and Green Parties saw marginal support at 2.2% and 0.3%, respectively. These voting patterns might offer insights into the county's broader political climate and help predict future electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Asotin County, Washington, the trend from the 2020 U.S. Presidential Election suggests a Republican leaning, with approximately 61.2% of voters casting their ballots for the Republican candidate. Democrats garnered about 35.6% of the vote, indicating a notable but not dominant presence. Minor parties such as the Libertarian Party and Green Party accumulated significantly smaller shares, around 2.2% and 0.3% respectively. These voting patterns might reflect the county's general political climate and potential predictors for future elections.
61.24% of voters voted for the Republican party in the 2020 Presidential Election
35.56% of voters voted for the Democrat party in the 2020 Presidential Election
2.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.72% of voters voted for the Other party in the 2020 Presidential Election
School Data
Asotin County, Washington's student-to-teacher ratio has varied over the past nine years, peaking at around 20 in 2015 and 2022, and dropping to 15 in 2017 and 2021. These fluctuations could potentially influence property values, school funding, and community appeal, as educational quality often impacts real estate decisions. A higher ratio might suggest resource constraints affecting schools and homeowner insurance premiums, while lower ratios may point to better educational environments,... Read more
Student-to-teacher ratio in Asotin County, Washington over the last 9 years
Asotin County, Washington has seen fluctuations in its student-to-teacher ratio over the last nine years, often exceeding the national average of 14 students per teacher. For instance, during 2015, the ratio peaked at approximately 20, before dropping to 15 in 2017 and 2021, then rising again to nearly 20 in 2022. These variations could impact property values, school funding, and community appeal, influencing decisions by investors, potential residents, and real estate professionals. A higher ratio might indicate resource constraints, affecting educational quality and possibly homeowner insurance premiums, whereas lower ratios might suggest better educational environments, enhancing property attractiveness.
