Ferry County Real Estate and Livability Trends
Ferry County, Washington's rising average taxable income per tax return—from $44,334.07 in 2013 to $57,624.24 in 2021—signals a possibly strengthening local economy, which might attract investors and real estate interest. Despite a rising median home value of $252,700 in 2022, the area still falls behind state and national averages, potentially offering unique investment opportunities.... Read more
Ferry County Market Trends
Ferry County's median home value is trending upwards, reaching $252,700 in 2022, yet still lags behind Washington state and national figures, potentially highlighting a unique investment opportunity. The rising energy tax credit, hitting $1,275.00 in 2021, suggests growing interest in energy-efficient home improvements. Real estate taxes per tax return have progressively climbed to approximately... Read more
Median Value of Occupied Housing Units in Ferry County, Washington Over the Last 8 Years
Ferry County's median home values have seen a fluctuating but overall upward trend over the past eight years, reaching $252,700 in 2022. This contrasts with stronger price stability and consistent growth at the state level, where the median value hit $473,400 in 2022, and the national level, which showed a steadier rise to $179,400. For potential investors or those considering moving to Ferry County, these local fluctuations compared to state and national trends may suggest both potential opportunities and risks.
Residential Energy Tax Credit Per Tax Return in Ferry County, WA Over the Last 6 Years
In Ferry County, Washington, the average residential energy tax credit per tax return has generally been on the rise over the last six years. Starting at $300.00 in both 2013 and 2014, it saw an increase to $400.00 in 2015 before dipping to approximately $266.67 in 2016. There was no reported data for the next few years, but a notable surge occurred in 2020 with the average credit reaching $500.00, and a significant jump to $1275.00 in 2021. This upward trend could imply an increasing investment in energy-efficient home improvements among residents, making it a potentially appealing market for investors in green technologies, real estate agents promoting energy-efficient homes, and insurance agents considering the long-term benefits of such upgrades.
Average Real Estate Taxes Per Tax Return in Ferry County, WA Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Ferry County, Washington have shown a general upward trajectory. Starting at about $2,694.87 in 2012, they have risen to approximately $4,516.67 by 2021. Noticeable jumps occurred between 2018 and 2019, and again from 2020 to 2021. This upward trend could be indicative of rising property values or other fiscal policies affecting property taxation, which might be significant for potential investors, homebuyers, and real estate professionals analyzing the market in this locale.
Percentage of Farm Returns in Ferry County, WA Over the Last 10 Years
In Ferry County, Washington, the percentage of farm returns has shown slight fluctuations over the past decade, ranging from a low of 4.23% in 2020 to a high of 5.65% in 2015. This trend may indicate a relatively stable agricultural sector with minor variations. For those looking to invest or move to the area, this stability in farm returns could be indicative of a consistent agrarian economy. For prospective property builders and residents, understanding these farm tax returns could provide insights into the local economic climate, where farming is an enduring facet of the community.
Number of Mortgages by Occupancy Type in Ferry County, WA Over the Last 5 Years in Ferry County
In Ferry County, Washington, the number of mortgages for principal residences surged notably between 2018 and 2021, peaking at 352 in 2021. Conversely, investment properties and second residences exhibited relatively stable, lower mortgage counts, with slight fluctuations. For investors, this trend might suggest a high demand for primary living spaces, potentially driving up property values and offering fewer opportunities for income-generating rentals. Appraisers and insurance agents might find these shifts relevant when assessing property values and risks. Builders and real estate agents could leverage the growing demand for principal residences to guide development and sales strategies. For residents or potential movers, these trends may underscore a burgeoning, possibly competitive housing market for primary homes in the county.
Economic Outlook
Ferry County, Washington has shown a notable upward trend in average taxable income per tax return, increasing from $44,334.07 in 2013 to $57,624.24 in 2021. This trend suggests a strengthening local economy, potentially attracting investors and those interested in real estate. Over the last six years, average state and local income taxes per tax return have fluctuated, peaking at roughly $4,200.00 in 2017, which might impact financial planning. Moreover, the average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Ferry County, WA over the last 9 years
Over the past nine years, Ferry County, Washington, has experienced a notable upward trend in average taxable income per tax return, increasing from $44,334.07 in 2013 to $57,624.24 in 2021. This steady rise in income might suggest a strengthening local economy, making the area potentially attractive for investors, real estate agents, and those interested in building or buying property. For appraisers and insurance agents, these trends could signal an increase in property values and insurance premiums, impacting overall market dynamics.
Average State and Local Income Taxes Per Tax Return in Ferry County, WA Over the Last 6 Years
Over the last six years, the average state and local income taxes per tax return in Ferry County, Washington have shown noticeable fluctuations. There's been a general upward trend peaking at approximately $4,200.00 in 2017. This volatility in tax amounts is something investors, real estate agents, and potential residents should be mindful of, as it may impact financial planning and budget considerations.
Average Total Tax Liability Per Tax Return in Ferry County, WA Over the Last 10 Years
Over the past decade, Ferry County, Washington has experienced a general increase in the average total tax liability per tax return, starting from approximately $5,664.25 in 2012 and reaching around $7,534.35 in 2021. This upward trend, despite minor fluctuations, could suggest economic growth or changes in tax policy impacting residents. For potential investors, real estate agents, and insurance agents, these figures might highlight the evolving financial landscape and inform decisions on property values, market trends, and risk assessments.
Cost of Living in Ferry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,278 | $1,464 | $1,542 | $1,579 | $973 |
| 1 adult 4 children | $1,278 | $1,195 | $1,194 | $1,579 | $1,136 |
| 2 adults 3 children | $1,278 | $1,196 | $1,330 | $1,579 | $796 |
| 1 adult 3 children | $1,278 | $976 | $983 | $1,579 | $922 |
| 2 adults 2 children | $899 | $979 | $1,118 | $1,379 | $658 |
| 1 adult 2 children | $899 | $731 | $771 | $1,379 | $628 |
| 2 adults 1 child | $899 | $774 | $906 | $728 | $602 |
| 1 adult 1 child | $899 | $500 | $559 | $728 | $516 |
| 2 adults | $683 | $622 | $695 | $0 | $488 |
| 1 adult | $601 | $339 | $347 | $0 | $418 |
Safety trends & Data
Property crime trends in Ferry County, Washington, reveal occasional spikes in specific incidents like burglary, which saw a jump to four cases in 2021. Larceny-theft remains fairly stable, but emerging categories such as forgery, counterfeiting, and vandalism hint at evolving criminal activities. These fluctuations might influence investor decisions, real estate agents' strategies, and appraiser evaluations and could be a consideration for prospective residents assessing the area's safety and... Read more
Property Crime Trends in Ferry County, WA Over the Last 5 Years
Property crime in Ferry County, Washington, has seen some fluctuations over the past five years, with occasional spikes in specific types of crimes. For instance, 2021 experienced a notable increase in burglary incidents, reaching four cases compared to one case in the surrounding years. Meanwhile, larceny-theft appears fairly consistent, with minor variations, and new categories like forgery and counterfeiting and vandalism emerged in recent years. This data could suggest shifting trends in criminal behavior, potentially impacting decisions for investors, real estate agents, appraisers, and residents considering the area's safety and security.
Demographics
Ferry County, Washington exhibits a fairly balanced gender demographic, with males slightly outnumbering females. The population is predominantly White, followed by a significant American Indian and Alaska Native community. There is a noteworthy proportion of adults who have completed high school or have some college experience. The age distribution is skewed towards older adults, with a substantial number of individuals aged 65 to 74 years. This suggests a potentially aging population, which... Read more
Race Distribution in Ferry County, Washington (2022)
Educational Attainment in Ferry County, Washington (2022)
Age Distribution in Ferry County, Washington
Citizen Population in Ferry County, Washington (2022)
Political Trends & Data
Ferry County, Washington, might exhibit a strong conservative bent, with around 63.45% of 2020 U.S. Presidential Election votes leaning Republican. Democrats trailed with approximately 34.03%, while third-party candidates barely surpassed 2%. This conservative majority could influence local policies and community priorities, shaping the area's development trajectory and market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Ferry County, Washington, the 2020 U.S. Presidential Election results may imply a strong leaning toward the Republican party, securing around 63.45% of the votes. Democrats followed with an estimated 34.03%, while third-party candidates including Libertarians and Greens garnered minimal support, collectively just over 2% of the vote. These trends could reflect a predominantly conservative voter base in this area, potentially influencing local policies and community priorities.
63.45% of voters voted for the Republican party in the 2020 Presidential Election
34.03% of voters voted for the Democrat party in the 2020 Presidential Election
1.74% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.55% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ferry County, Washington has seen wild swings in its student-to-teacher ratios, with peaks at 24 in 2018 and 26 in 2022, far above the national average of 14. However, 2023 saw a sharp drop to 13, which might hint at fluctuating educational investment or demographic changes. These trends could be key for families, investors, real estate professionals, and appraisers when evaluating the area's market appeal and planning... Read more
Student-to-teacher ratio in Ferry County, Washington over the last 9 years
Ferry County, Washington has seen significant fluctuations in its student-to-teacher ratios over the last nine years. Ratios spiked in 2018 (24) and 2022 (26), compared to the national average of 14 students per teacher. Yet, the ratio interestingly dropped to its lowest at 13 in 2023. These shifts could signal varying levels of educational investment or changing population dynamics, which may influence family decisions, investment opportunities, and property values in the area. Potential investors, real estate agents, appraisers, and insurance agents might find these trends crucial in assessing the community's appeal and planning strategic decisions accordingly.
