Grant County Real Estate and Livability Trends
Grant County, Washington is experiencing a steady climb in average taxable income, suggesting potential economic growth. Despite this, property taxes have risen significantly, making budgeting crucial for potential homeowners. Median home values have surged from $157,500 in 2015 to $244,500 in 2022, diverging from national trends and making the county an appealing choice for budget-conscious... Read more
Grant County Market Trends
Grant County, Washington's real estate market has seen a noteworthy increase in median home values, rising from $157,500 in 2015 to $244,500 in 2022. This hike diverges from the national trend, which saw more modest growth, making Grant County an attractive option for budget-conscious buyers compared to the state's soaring values. Property taxes have also climbed significantly, from $3,037.19 in... Read more
Median Value of Occupied Housing Units in Grant County, Washington Over the Last 8 Years
Grant County, Washington has experienced a significant increase in median home values, jumping from $157,500 in 2015 to $244,500 in 2022. This rising trend contrasts with national figures, where median values grew more modestly from $125,500 to $179,400 over the same period. Compared to Washington State, where the median home value soared from $259,500 to $473,400, Grant County remains relatively more affordable. This disparity presents a compelling opportunity for investors and new residents looking for more budget-friendly options within the state.
Residential Energy Tax Credit Per Tax Return in Grant County, WA Over the Last 9 Years
Grant County, Washington has experienced significant fluctuations in the average residential energy tax credit per tax return over the past nine years. The most notable spike occurred in 2018, with an average credit of $3387.50, which appears to be a major outlier compared to other years. Other years saw more modest amounts, with another noticeable increase in 2016 at $611.76, suggesting periods of greater investment in energy-efficient improvements. For potential investors, these trends could indicate sporadic but potentially lucrative opportunities related to residential energy incentives. This is potentially crucial information for appraisers, insurance agents, real estate professionals, and those considering relocation to leverage energy cost savings associated with these spikes.
Average Real Estate Taxes Per Tax Return in Grant County, WA Over the Last 10 Years
In Grant County, Washington, average real estate taxes per tax return have shown a general upward trend over the last decade, with notable increases particularly from 2017 onward. For instance, taxes rose from approximately $3,037.19 in 2012 to $4,507.60 in 2018, though there was some fluctuation in subsequent years, settling at $4,315.69 in 2021. This trend suggests a rising cost of property ownership, making it essential for investors and potential homeowners to budget for escalating taxes. Elevated real estate taxes could also impact property valuations and insurance assessments, influencing the market for builders and appraisers alike.
Percentage of Farm Returns in Grant County, WA Over the Last 10 Years
Farm tax returns in Grant County, Washington have seen a slight but steady decline over the past decade. Starting at 2.68% in 2012, returns dipped to 1.63% by 2021. This pattern might indicate evolving challenges or shifts in the agricultural sector in the area. For investors or property developers, the changing dynamics of farm economics could present both challenges and opportunities in terms of land use and value. Understanding these trends is crucial for making informed decisions about investment and land development in Grant County.
Number of Mortgages by Occupancy Type in Grant County, WA Over the Last 5 Years in Grant County
In Grant County, Washington, trends show that the majority of mortgages over the past five years have consistently been for principal residences, with a noticeable recent decline. Investment properties and second residences also reflect fluctuations, suggesting shifting market dynamics. The declining number of investment property mortgages might hint at a tightening market for investors or changes in local economics. For appraisers and insurance agents, these patterns could influence property valuations and risk assessments. Real estate agents and potential investors may find these trends useful in understanding future market opportunities or constraints, especially if shifts in mortgage types indicate broader economic conditions impacting property demand.
Economic Outlook
Grant County, Washington is seeing a steady climb in average taxable income per tax return, rising from $45,824.74 in 2013 to $63,243.69 in 2021, hinting at possible economic growth. Average state and local income taxes, however, have been more unpredictable, ranging from $4,508.33 in 2015 to $12,050.00 in 2020, which could be a concern for financial planning. With total tax liability also on the rise, jumping from $8,015.30 in 2020 to $9,002.07 in 2021, there might be increasing property... Read more
Average Taxable Income per Tax Return in Grant County, WA over the last 9 years
Grant County, Washington has seen a steady increase in the average taxable income per tax return over the last nine years. Notably, from 2013 to 2021, income levels rose from $45,824.74 to $63,243.69, with the most significant jumps occurring in 2018 and 2021. This upward trend could suggest economic growth and improving financial stability in the area, potentially attracting investors, real estate developers, and newcomers looking for promising opportunities.
Average State and Local Income Taxes Per Tax Return in Grant County, WA Over the Last 10 Years
Grant County, Washington has experienced noticeable volatility in average state and local income taxes per tax return over the last decade. Tax burdens ranged from a low of $4,508.33 in 2015 to hitting a peak of $12,050.00 in 2020. Recent years, particularly 2018 through 2021, saw relatively higher averages above $7,000.00, indicating potential shifts in economic policy or population dynamics. This trend may concern investors and residents evaluating long-term financial commitments or insurance premiums, as tax stability can significantly impact disposable income and overall affordability.
Average Total Tax Liability Per Tax Return in Grant County, WA Over the Last 10 Years
Over the past decade, Grant County, Washington has seen some fluctuations in average total tax liability per tax return, with a notable increase from $8,015.30 in 2020 to $9,002.07 in 2021. This surge might indicate a growing local economy or changes in tax policies. Such upward trends could impact property appraisals, insurance rates, and investment decisions, as higher tax liabilities could suggest increased property values and economic activity. Real estate agents and investors should pay attention to this pattern for its potential implications on future property market conditions in the area.
Cost of Living in Grant County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,383 | $1,484 | $1,734 | $1,579 | $1,019 |
| 1 adult 4 children | $1,383 | $1,212 | $1,343 | $1,579 | $1,174 |
| 2 adults 3 children | $1,383 | $1,212 | $1,496 | $1,579 | $838 |
| 1 adult 3 children | $1,383 | $990 | $1,105 | $1,579 | $959 |
| 2 adults 2 children | $973 | $992 | $1,258 | $1,379 | $681 |
| 1 adult 2 children | $973 | $741 | $867 | $1,379 | $650 |
| 2 adults 1 child | $973 | $784 | $1,020 | $728 | $626 |
| 1 adult 1 child | $973 | $507 | $629 | $728 | $536 |
| 2 adults | $783 | $630 | $782 | $0 | $520 |
| 1 adult | $714 | $344 | $391 | $0 | $458 |
Safety trends & Data
Grant County, Washington has seen some intriguing shifts in property crime over the past five years. While larceny-theft slightly decreased from 2018 to 2022, burglaries peaked dramatically in 2022 with 126 incidents. Vandalism cases have generally declined, from 94 in 2018 to 71 in 2022. Motor vehicle theft remained relatively stable, with about 25 incidents annually. Arson, although typically low, saw a notable spike from 1 case in 2018 to 7 in 2022. These trends suggest a mixed landscape for... Read more
Property Crime Trends in Grant County, WA Over the Last 5 Years
Over the past five years, property crimes in Grant County, Washington have shown some notable fluctuations. While there's been a slight overall decrease in larceny-theft from 2018 to 2022, burglaries have seen a marked increase, peaking in 2022 with 126 incidents. Vandalism cases have generally trended downward, dropping from 94 in 2018 to 71 in 2022. Interestingly, motor vehicle theft has remained fairly consistent, averaging around 25 occurrences annually. The relatively low but variable arson numbers jumped from 1 in 2018 to 7 in 2022. For prospective investors and residents, these trends might suggest a nuanced landscape where certain property crimes are becoming more frequent, while others diminish, potentially impacting property values and insurance premiums.
Demographics
Grant County, Washington has a nearly equal gender distribution among adults, with a slight female majority. The population shows a significant portion with only a high school diploma or some college but no degree, suggesting potential opportunities for education and workforce development programs. Age-wise, a relatively young demographic is observed, especially those under 10 years, hinting at growing family-oriented needs. Most residents identify as White, with "Some other race" as the next... Read more
Race Distribution in Grant County, Washington (2022)
Educational Attainment in Grant County, Washington (2022)
Age Distribution in Grant County, Washington
Citizen Population in Grant County, Washington (2022)
Political Trends & Data
Grant County, Washington, might just have a predominantly conservative voter base, as evidenced by the 2020 Presidential Election results where Republicans potentially led with around 65.7% of the votes. Democrats could have captured about 31.4%, while Libertarians and Green Party candidates seemingly garnered minimal support, hovering roughly around 1.9% and 0.3%. This political landscape is worth noting for anyone considering real estate investments or moves, as the area's conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Grant County, Washington, the 2020 Presidential Election saw Republicans and Democrats capture the majority of votes, with Republicans potentially leading at around 65.7% and Democrats at approximately 31.4%. Libertarians and Green party candidates seemingly garnered minimal support, hovering around 1.9% and 0.3% respectively. Other minor parties collectively may have attracted less than 1% of the vote share. This distribution hints at a predominantly conservative voter base in the region.
65.72% of voters voted for the Republican party in the 2020 Presidential Election
31.37% of voters voted for the Democrat party in the 2020 Presidential Election
1.88% 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
0.73% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Grant County, Washington has been on the rise, hitting 18 students per teacher by 2023, well above the national average of 14. For families eyeing a move, this could be a red flag as it may affect educational quality. From an investor's perspective, this trend might signify growing pains or opportunities for development in the area. Real estate agents, appraisers, and insurance agents might all find this data valuable as it reflects the community's evolving... Read more
Student-to-teacher ratio in Grant County, Washington over the last 9 years
In Grant County, Washington, the student-to-teacher ratio has been trending upward over the past nine years, reaching 18 students per teacher by 2023, significantly higher than the national average of 14 students per teacher. This elevated ratio could suggest larger class sizes, potentially impacting the quality of education and individual attention students receive. For families considering relocating, the higher ratio may be a crucial factor, as it might influence educational outcomes. For investors and real estate agents, the trend could be an indicator of potential growth areas or stress on local infrastructure, while appraisers and insurance agents might see it as a reflection of the local community's development pace.
