Chelan County Real Estate and Livability Trends
Chelan County, Washington has seen a strong uptick in economic indicators, with average taxable income per tax return climbing from $56,835.45 in 2013 to $90,318.51 in 2021. The median home value has surged from $246,300 in 2015 to $412,300 in 2022, more than doubling in less than a decade. This growth hints at a robust real estate market, though rising property taxes could impact investor... Read more
Chelan County Market Trends
Chelan County, Washington, has seen its median home value nearly double over eight years, growing from $246,300 in 2015 to $412,300 in 2022, indicating a robust market compared to the national average. Energy tax credits experienced a notable spike in 2018 indicative of temporary policy shifts or increased energy-efficient investments. Real estate taxes have doubled over the last decade,... Read more
Median Value of Occupied Housing Units in Chelan County, Washington Over the Last 8 Years
Chelan County, Washington, has seen a substantial rise in the median value of occupied housing units over the last eight years, climbing from $246,300 in 2015 to $412,300 in 2022. This growth outpaces the national trend, where median values increased from $125,500 to $179,400 during the same period. Compared to the overall state of Washington, where the median value jumped from $259,500 to $473,400, Chelan County's housing prices are more moderate but showing significant upward momentum. For potential investors, this suggests both stability and growing appeal in the Chelan County area.
Residential Energy Tax Credit Per Tax Return in Chelan County, WA Over the Last 9 Years
Chelan County, Washington has experienced some volatility in residential energy tax credits per tax return over the past nine years, notably with a significant spike in 2018 to $2075.00. This spike likely suggests a temporary policy change or an unusual increase in energy-efficient upgrades. The following years saw a return to lower, more consistent values. Such fluctuations might encourage prospective investors, real estate agents, and insurance agents to keep abreast of potential policy shifts or local incentives that could impact property values and energy costs.
Average Real Estate Taxes Per Tax Return in Chelan County, WA Over the Last 10 Years
Real estate taxes in Chelan County, Washington have shown a general upward trend over the past decade. The average property tax per return increased from approximately $3,364.56 in 2012 to about $6,301.86 in 2021, reflecting a significant rise, particularly notable between 2016 and 2020. This upward trend may indicate rising property values and could be a key consideration for investors, potential homeowners, appraisers, and real estate agents. Higher tax rates could impact cost forecasting for insurance agents and those looking to build property in the area.
Percentage of Farm Returns in Chelan County, WA Over the Last 10 Years
Chelan County, Washington has experienced a gradual decline in the percentage of farm returns over the last decade. Back in 2012, farm returns represented roughly 1.86% of all returns, but by 2021, that figure had dropped to about 1.19%. This could indicate a shift away from agricultural investments or profitability in the region. For those considering investing in, moving to, or building property in Chelan County, this trend might suggest that farming is becoming less of an economic driver locally. Understanding these subtle shifts in farm-related income can be crucial for making informed decisions in a region historically reliant on agriculture.
Number of Mortgages by Occupancy Type in Chelan County, WA Over the Last 5 Years in Chelan County
Chelan County, Washington, has shown notable fluctuations in the number of mortgages across different occupancy types over the past five years. There was a significant increase in principal residence mortgages from 2018 to 2020, peaking in 2020 with 6,069 mortgages before dropping in 2022 to 3,252. Investment properties and second residences have shown more variability, with investment properties peaking at 480 mortgages in 2021, but falling to 312 in 2022. Second residences saw a maximum of 1,111 mortgages in 2020, followed by a decline to 436 in 2022. These trends might suggest shifting market dynamics influenced by economic conditions, demand for primary versus secondary homes, and investment strategies. This variability can impact local property values and influence decisions for investors, potential homeowners, appraisers, and real estate professionals considering the region.
Economic Outlook
Chelan County, Washington has seen a generally rising trend in average taxable income per tax return, climbing from about $56,835.45 in 2013 to around $90,318.51 in 2021. This likely suggests improving economic conditions, which could be a draw for investors and those looking to move to the area. Meanwhile, the average state and local income taxes per tax return fluctuated significantly, peaking at $103,400.00 in 2020 before dropping to $27,000.00 in 2021, indicating possible economic events or... Read more
Average Taxable Income per Tax Return in Chelan County, WA over the last 9 years
Over the past nine years in Chelan County, Washington, average taxable income per tax return has generally increased, with occasional dips. For instance, from 2013 to 2021, taxable income rose from approximately $56,835.45 to around $90,318.51. This upward trend might attract investors and those considering relocation, as it possibly indicates economic growth and improved earning potential. Additionally, the income data could influence property appraisals, insurance rates, and real estate market dynamics. Anyone involved in or curious about the economic landscape of Chelan County would likely find these figures quite insightful.
Average State and Local Income Taxes Per Tax Return in Chelan County, WA Over the Last 10 Years
Chelan County, Washington has shown significant fluctuations in average state and local income taxes per tax return over the last decade. While initially peaking at $39,233.33 in 2015, there was a notable spike in 2020 reaching $103,400.00, suggesting potential economic events or policy changes impacting tax liabilities. Post-2020, a dip to $27,000.00 in 2021 might point towards stabilization. These trends could potentially inform decisions for investors and property developers trying to navigate the local tax landscape.
Average Total Tax Liability Per Tax Return in Chelan County, WA Over the Last 10 Years
The average total tax liability per tax return in Chelan County, Washington, has shown a general upward trend over the past decade, with notable spikes in 2020 and 2021, reaching $13,376.82 and $15,614.35 respectively. This increase suggests a rise in incomes or changes in tax policy, making it a crucial consideration for potential investors, homebuyers, and real estate agents as it could impact property valuation and demand. For insurance agents and appraisers, these trends may indicate shifting economic conditions that could affect risk assessments and property appraisals in the area.
Cost of Living in Chelan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,682 | $1,584 | $1,748 | $1,836 | $1,247 |
| 1 adult 4 children | $1,682 | $1,294 | $1,349 | $1,836 | $1,415 |
| 2 adults 3 children | $1,682 | $1,294 | $1,511 | $1,836 | $1,032 |
| 1 adult 3 children | $1,682 | $1,057 | $1,112 | $1,836 | $1,195 |
| 2 adults 2 children | $1,230 | $1,060 | $1,273 | $1,595 | $808 |
| 1 adult 2 children | $1,230 | $791 | $874 | $1,595 | $843 |
| 2 adults 1 child | $1,230 | $837 | $1,036 | $810 | $728 |
| 1 adult 1 child | $1,230 | $541 | $637 | $810 | $623 |
| 2 adults | $1,012 | $673 | $798 | $0 | $583 |
| 1 adult | $823 | $367 | $399 | $0 | $480 |
Safety trends & Data
Chelan County, Washington has seen varying property crime trends over the past five years, with peaks in burglary and larceny-theft in 2018 and a resurgence by 2022. Motor vehicle thefts rose in 2021, and vandalism incidents peaked in 2022. Such fluctuations might influence property values and insurance premiums, making them important for investors, real estate agents, and residents to... Read more
Property Crime Trends in Chelan County, WA Over the Last 5 Years
Chelan County, Washington has seen fluctuating trends in property crimes over the past five years. While incidents of burglary and larceny-theft appeared to peak in 2018 and decreased notably by 2019, they showed a resurgence by 2022. Motor vehicle thefts, although relatively low, saw an uptick in 2021. Vandalism incidents also fluctuated, peaking again in 2022. These fluctuations could be essential for investors, real estate agents, and residents to consider, as they may impact property values and insurance premiums.
Demographics
Chelan County, Washington showcases a fairly balanced male-to-female adult population. Educational attainment reveals a strong presence of high school graduates and further education with a notable number of residents holding bachelor's and graduate degrees. The age distribution highlights considerable concentrations in the younger under-10 age group and the 25-34 bracket. Racial composition is predominantly White with a significant portion identifying with "Some other race," which may suggest... Read more
Race Distribution in Chelan County, Washington (2022)
Educational Attainment in Chelan County, Washington (2022)
Age Distribution in Chelan County, Washington
Citizen Population in Chelan County, Washington (2022)
Political Trends & Data
Chelan County appears to lean slightly Republican, with roughly 53% of voters favoring the GOP in the 2020 Presidential Election, while Democrats garnered around 45%. Third-party candidates, including Libertarians and Greens, were minimally favored, collectively holding less than 3% of the vote. These voting behaviors could be indicative of similar trends across... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Chelan County appears to lean slightly Republican, with approximately 53% of voters favoring the GOP in the 2020 Presidential Election. Democrats garnered around 45%, suggesting a competitive political landscape. Third-party candidates, including Libertarians and Greens, received minimal support, collectively making up less than 3% of the vote. These trends might reflect broader statewide voting behaviors in Washington, offering a snapshot of the region's political inclinations.
52.52% of voters voted for the Republican party in the 2020 Presidential Election
44.68% of voters voted for the Democrat party in the 2020 Presidential Election
1.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Green party in the 2020 Presidential Election
0.80% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past nine years, Chelan County, Washington has experienced fluctuating student-to-teacher ratios, with a peak at 31 in 2020 and a low of 18 in 2016. The current figure for 2023 stands at 26, notably higher than the national average of 14. These trends could reflect varying investment levels in educational resources, influencing property values and attracting the interest of investors and real estate agents. For families, the higher ratios might suggest larger class sizes and less... Read more
Student-to-teacher ratio in Chelan County, Washington over the last 9 years
Over the past nine years, Chelan County, Washington has seen fluctuating student-to-teacher ratios, peaking at 31 in 2020 and dropping to as low as 18 in 2016. The recent figure for 2023 stands at 26, noticeably higher than the national average of 14. These changes could suggest varying levels of investment in educational resources, potentially impacting property values and drawing the interest of investors and real estate agents. For families considering relocation, the higher ratios might imply larger class sizes and less individualized attention for students. Appraisers and insurance agents may also see these trends as indicators of community stability and resource allocation.
