Clark County Real Estate and Livability Trends
Clark County, Washington, has witnessed a surge in average taxable income, rising from $64,074.11 in 2013 to $104,475.72 in 2021, signaling economic growth or demographic shifts. Median home values have almost doubled, spiking from $234,800 in 2015 to $453,200 in 2022, outpacing national trends and highlighting a potentially lucrative real estate market. Property crime rates have varied, with... Read more
Clark County Market Trends
Clark County, Washington, has experienced a significant rise in median home values over the past eight years, jumping from $234,800 in 2015 to $453,200 in 2022, outpacing national trends but slightly trailing state averages. Residential energy tax credits also showed notable fluctuations, with a peak in 2018 at $5,072.00, hinting at possible temporary incentives or a boom in energy-efficient... Read more
Median Value of Occupied Housing Units in Clark County, Washington Over the Last 8 Years
Over the past eight years, Clark County, Washington, has seen an upward trend in median home values, starting at $234,800 in 2015 and soaring to $453,200 by 2022. This growth outpaces the national median home value, which began at $125,500 in 2015 and reached $179,400 in 2022. Compared to the state of Washington, Clark County's median value increase is relatively aligned, though slightly lower than the state's values, which grew from $259,500 in 2015 to $473,400 in 2022. These trends may suggest a thriving local housing market, potentially appealing to both investors and homebuyers looking for property in a dynamic and growing area.
Residential Energy Tax Credit Per Tax Return in Clark County, WA Over the Last 9 Years
The data for Clark County, Washington shows significant fluctuations in the average residential energy tax credit per tax return over the last nine years, with a notable spike in 2018 to $5072.00. While values have generally ranged between $437.75 and $1530.39 for most years, this peak suggests a possible temporary increase in incentives or a rise in energy-efficient improvements. For investors, real estate agents, and builders, understanding these trends can provide insights into possible future incentives and the fluctuating costs of energy-efficient home improvements in the area.
Average Real Estate Taxes Per Tax Return in Clark County, WA Over the Last 10 Years
Over the past decade, Clark County, Washington has seen a notable increase in average real estate taxes per tax return, climbing from around $3,614.45 in 2012 to approximately $6,076.89 in 2021. This trend could be indicative of rising property values within the area, possibly making it less attractive for those concerned with higher tax liabilities but intriguing for investors eyeing property appreciation. The spike in 2018 to $5,696.85 followed by a dip and subsequent rise suggests some volatility, which might be worth understanding further for risk assessment. These trends likely impact decisions for buyers, builders, real estate agents, and local residents contemplating financial commitments in the region.
Percentage of Farm Returns in Clark County, WA Over the Last 10 Years
Clark County, Washington has seen a gradual decline in the percentage of farm tax returns over the past decade, dropping from 0.73% in 2012 to just above 0.51% in 2021. Farm tax returns represent the filings by agricultural businesses that claim farm income, and a decrease could indicate shifting economic factors, like urban development or changing agricultural viability. For potential investors, property developers, or new residents, this trend might suggest a pivot away from traditional farming, possibly opening up more opportunities for commercial and residential projects. Conversely, it could also be a signal of challenges faced by the local agricultural sector which might affect related businesses and services.
Number of Mortgages by Occupancy Type in Clark County, WA Over the Last 5 Years in Clark County
The mortgage trends in Clark County, Washington, show fluctuating interest in different occupancy types over the past five years. Principal residences consistently dominate, peaking in 2020 with over 60,000 mortgages but declining steadily since. Investment properties saw a significant rise in 2021 before dropping again in 2022. Second residences have remained relatively stable but low in numbers. These shifts suggest changing economic conditions and housing market dynamics which can significantly affect real estate strategies and financial planning for investors, homeowners, appraisers, and builders. Understanding these trends can inform decisions on property investments, insurance policies, and market valuations.
Economic Outlook
In Clark County, Washington, the average taxable income per tax return has risen significantly, jumping from roughly $64,074.11 in 2013 to about $104,475.72 in 2021. This pattern, especially the spike in 2021, might reflect economic growth or demographic changes, hinting at a potentially lucrative market for high-value properties. Simultaneously, average state and local income taxes have nearly doubled over the past decade, from around $6,883.96 in 2012 to approximately $15,363.59 in 2021.... Read more
Average Taxable Income per Tax Return in Clark County, WA over the last 9 years
The average taxable income per tax return in Clark County, Washington has shown a notable upward trend over the past nine years, rising from approximately $64,074.11 in 2013 to about $104,475.72 in 2021. This steady increase, especially the spike seen in 2021, could be indicative of economic growth or demographic shifts within the county. For investors, builders, and real estate agents, this pattern might suggest a thriving local economy and a potentially attractive market for high-value properties. Meanwhile, appraisers and insurance agents might need to adjust their evaluations and policies to account for these increasing income levels.
Average State and Local Income Taxes Per Tax Return in Clark County, WA Over the Last 10 Years
Over the past decade, Clark County, Washington has seen a notable increase in average state and local income taxes per tax return, rising from around $6,883.96 in 2012 to approximately $15,363.59 in 2021. This upward trend suggests a growing financial commitment for residents, which could impact decisions related to property investments, living arrangements, and insurance premiums. Awareness of these tax trends may be particularly relevant for those in real estate, as they can influence market dynamics, appraisals, and the overall attractiveness of the area for prospective buyers and investors.
Average Total Tax Liability Per Tax Return in Clark County, WA Over the Last 10 Years
Over the past decade in Clark County, Washington, average total tax liability per tax return has generally shown an upward trend, peaking sharply in 2021 at $18,448.92, a significant rise from $11,323.90 in 2012. While there were minor fluctuations, such as a slight decrease in 2013 and 2019, the overall increase suggests heightened economic activity or changes in tax policies. This upward trend could influence property values and insurance premiums, and may be a consideration for investors, potential residents, real estate agents, and appraisers when evaluating the financial landscape of the area.
Cost of Living in Clark County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,571 | $1,621 | $1,777 | $1,828 | $1,675 |
| 1 adult 4 children | $2,571 | $1,324 | $1,371 | $1,828 | $1,858 |
| 2 adults 3 children | $2,571 | $1,324 | $1,535 | $1,828 | $1,447 |
| 1 adult 3 children | $2,571 | $1,081 | $1,130 | $1,828 | $1,614 |
| 2 adults 2 children | $1,837 | $1,084 | $1,294 | $1,624 | $1,039 |
| 1 adult 2 children | $1,837 | $810 | $888 | $1,624 | $1,125 |
| 2 adults 1 child | $1,837 | $857 | $1,052 | $960 | $925 |
| 1 adult 1 child | $1,837 | $553 | $647 | $960 | $899 |
| 2 adults | $1,608 | $688 | $811 | $0 | $752 |
| 1 adult | $1,498 | $375 | $405 | $0 | $683 |
Safety trends & Data
Property crime trends in Clark County, Washington, have seen notable fluctuations. Larceny-theft spiked in 2019 at 690 incidents but dropped significantly by 2021 before rising to 599 in 2022. Burglary saw a high of 270 cases in 2020 but dipped to 190 in 2021. Vandalism has been on a steady increase since 2021, reaching 208 incidents in 2022. Motor vehicle theft fell from 114 in 2018 to 56 in 2019, before increasing to 94 in 2022. These crime trends could be key indicators for insurers,... Read more
Property Crime Trends in Clark County, WA Over the Last 5 Years
Property crime trends in Clark County, Washington, have seen fluctuations over the past five years. Notably, larceny-theft numbers peaked in 2019 at 690 incidents but dropped significantly by 2021 before rising again in 2022 to 599. Burglary rates also varied, hitting a high in 2020 with 270 reported cases and then dipping to 190 in 2021. Vandalism has shown a steady increase since 2021, reaching 208 incidents in 2022. Motor vehicle theft saw a steady decline from 114 in 2018 to 56 in 2019, but numbers have increased again, with 94 cases in 2022. These trends suggest potential hotspots and periods of concern for insurers, appraisers, real estate agents, and investors assessing property risks and opportunities in the area.
Demographics
Clark County, Washington sees a nearly even split between male and female adults. When it comes to education, a significant segment of the population holds some college experience or higher, with bachelor's and graduate degrees being fairly common. The age distribution shows a noticeable concentration in the 25 to 64 age range, hinting at a strong working-age demographic. Racially, the county is predominantly White, though there's a presence of diverse racial groups including Asian and African... Read more
Race Distribution in Clark County, Washington (2022)
Educational Attainment in Clark County, Washington (2022)
Age Distribution in Clark County, Washington
Citizen Population in Clark County, Washington (2022)
Political Trends & Data
Clark County in Washington might be experiencing a political shift as shown by the 2020 U.S. Presidential Election results. The Democrats may have gained an edge with roughly 51% of the votes, whereas Republicans could have secured around 46%. Such a tight race raises questions about evolving voter sentiments in what could be considered a traditionally lean-Republican area. This trend, though specific to 2020's context, hints at changing political landscapes worth keeping an eye... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clark County, Washington, exhibited a slight preference towards the Democratic party in the 2020 U.S. Presidential Election, with Democrats possibly drawing around 51% of the votes compared to approximately 46% for Republicans. Third-party candidates, including Libertarians and Greens, garnered minimal support, suggesting a primarily two-party competition. This tilt towards the Democrats in a county that has potential Republican leanings could indicate shifting political dynamics or a unique response to the candidates and issues of 2020.
45.86% of voters voted for the Republican party in the 2020 Presidential Election
50.95% of voters voted for the Democrat party in the 2020 Presidential Election
1.93% of voters voted for the Livertarian party in the 2020 Presidential Election
0.41% of voters voted for the Green party in the 2020 Presidential Election
0.85% of voters voted for the Other party in the 2020 Presidential Election
School Data
Clark County, Washington has seen fluctuating student-to-teacher ratios over the past nine years, ranging from highs of around 21 to lows near 17, notably above the national average of 14. Such variations may indicate changes in resource allocation and potential impacts on educational quality. For potential investors and residents, understanding these trends can offer insights into the community's commitment to education and prospects for growth. For appraisers and insurance agents, these... Read more
Student-to-teacher ratio in Clark County, Washington over the last 9 years
Clark County, Washington has experienced fluctuations in student-to-teacher ratios over the last nine years, with values peaking at 21 and dipping to roughly 17, which is notably above the current national average of 14 students per teacher. These changes might suggest varying levels of resource allocation, which can impact the quality of education. For potential investors, real estate agents, and those considering a move to Clark County, understanding these trends could help evaluate the area's commitment to education and potential growth. For appraisers and insurance agents, this could also influence property valuations and insurance risks associated with educational quality and community resources.
