Jefferson County Real Estate and Livability Trends
Jefferson County, Washington has seen a significant uptick in average taxable income, jumping from $59,037.85 in 2013 to $99,279.07 in 2021, suggesting rising affluence which might attract investors. Median home values also surged from $284,500 in 2015 to $449,300 in 2022, indicating strong investment potential. However, increasing property values and taxes could impact affordability, with real... Read more
Jefferson County Market Trends
Jefferson County, Washington has experienced a robust increase in median home values, jumping from $284,500 in 2015 to $449,300 in 2022, outpacing both state and national growth rates. This trend underscores its desirability and potential for substantial investment returns. Interestingly, the county also saw a significant fluctuation in residential energy tax credits, peaking at $4,090.00 in... Read more
Median Value of Occupied Housing Units in Jefferson County, Washington Over the Last 8 Years
Over the past eight years, Jefferson County, Washington has seen a consistent rise in median home values, increasing from $284,500 in 2015 to $449,300 in 2022. This trend mirrors the overall growth observed in Washington State, where the median value escalated from $259,500 in 2015 to $473,400 in 2022. Interestingly, this local appreciation towers over the national increase, where the median value grew from $125,500 in 2015 to $179,400 in 2022. Such a significant rise in Jefferson County highlights its desirability and potential for strong investment returns, making it a key area of interest for prospective homeowners and real estate investors.
Residential Energy Tax Credit Per Tax Return in Jefferson County, WA Over the Last 9 Years
Over the last nine years in Jefferson County, Washington, the average residential energy tax credit per tax return has shown significant fluctuations, peaking dramatically at $4,090.00 in 2018. This uptick may suggest increased investment in energy-efficient home improvements during that year. Following the peak, there was a notable decrease, yet the credits remained relatively high, indicating ongoing efforts towards energy efficiency. Trends like these are essential for potential investors and real estate planners to consider as they reflect the community's commitment to sustainable living practices, which could influence property values, insurance premiums, and future development projects.
Average Real Estate Taxes Per Tax Return in Jefferson County, WA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Jefferson County, Washington have shown a notable upward trend, most sharply increasing from $4,343.12 in 2017 to $6,392.36 in 2021. This substantial rise could reflect growing property values and fiscal pressures, sentiment that potential investors, homebuyers, and insurers may want to consider. Builders and real estate agents might also interpret this as a sign of a burgeoning market, hinting at a lucrative, yet potentially costly, environment for new developments and property transactions.
Percentage of Farm Returns in Jefferson County, WA Over the Last 10 Years
In Jefferson County, Washington, the percentage of farm tax returns has shown fluctuations over the last decade, with a peak of around 1.01% in 2015 and a low of approximately 0.65% in 2020. Farm tax returns generally indicate the economic activity and viability of agricultural operations, which might be a critical factor for investors or potential residents interested in local agriculture. The variable trend suggests that while there are fluctuations, there hasn't been a significant, steady growth or decline, signaling some stability but also possible areas for growth or improvement in the county's farming sector.
Number of Mortgages by Occupancy Type in Jefferson County, WA Over the Last 5 Years in Jefferson County
In Jefferson County, Washington, the number of mortgages for principal residences has consistently dominated over the last five years, peaking in 2020 with 2,766. Both investment properties and second residences saw relatively lower activity, but significant fluctuations were also noted. For instance, investment property mortgages spiked in 2021 at 112, compared to a low of 72 in 2022. Shifts in occupancy types matter as they can indicate broader economic trends, affect property valuations and influence lending risk profiles, which are crucial for investors, property developers, and insurance agents calibrating their strategies to market dynamics. Additionally, understanding these trends helps real estate agents and potential buyers gauge future demand and neighborhood stability.
Economic Outlook
Jefferson County, Washington has seen a consistent rise in average taxable income, jumping from $59,037.85 in 2013 to $99,279.07 in 2021, pointing to increasing affluence possibly attracting investors and developers. However, this growth could lead to higher property values and insurance premiums, affecting affordability. Fluctuations in average state and local income taxes, peaking at $14,878.95 in 2020, alongside a rise in total tax liability to $16,720.14 in 2021, suggest a growing tax... Read more
Average Taxable Income per Tax Return in Jefferson County, WA over the last 9 years
Over the past nine years, Jefferson County, Washington has seen a consistent increase in average taxable income, rising from $59,037.85 in 2013 to $99,279.07 in 2021. This trend suggests a growing affluence which may be attractive for investors and developers. However, such growth could lead to higher property values and insurance premiums, impacting affordability for potential buyers. Real estate agents and appraisors should keep these economic trends in mind when evaluating property values.
Average State and Local Income Taxes Per Tax Return in Jefferson County, WA Over the Last 10 Years
Jefferson County, Washington has seen notable fluctuations in average state and local income taxes per tax return over the past decade, swinging from $8,609.68 in 2012 to a peak of $14,878.95 in 2020. This volatility could indicate varying levels of economic activity and income among residents, which might be of interest to investors and real estate agents evaluating the area's financial health. The general upward trend in recent years suggests a growing tax burden that could impact household budgets and disposable incomes, vital considerations for those looking to move to or invest in the region.
Average Total Tax Liability Per Tax Return in Jefferson County, WA Over the Last 10 Years
Over the last decade, Jefferson County, Washington has seen a noticeable rise in the average total tax liability per tax return, with a significant jump to $16,720.14 in 2021 from $9,657.63 in 2012. This trend suggests a mixture of rising incomes and possibly higher tax rates, making the county an area of interest for those seeking detailed financial insights. Investors and real estate agents should take note as this might impact property values and the overall economic vitality of the region. Similarly, insurance agents and appraisers may need to adjust their models to account for the increasing tax liabilities when evaluating risks and property values.
Cost of Living in Jefferson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,596 | $1,894 | $1,614 | $1,734 | $1,274 |
| 1 adult 4 children | $1,596 | $1,547 | $1,250 | $1,734 | $1,427 |
| 2 adults 3 children | $1,596 | $1,547 | $1,392 | $1,734 | $1,035 |
| 1 adult 3 children | $1,596 | $1,263 | $1,028 | $1,734 | $1,186 |
| 2 adults 2 children | $1,123 | $1,267 | $1,171 | $1,514 | $793 |
| 1 adult 2 children | $1,123 | $946 | $807 | $1,514 | $807 |
| 2 adults 1 child | $1,123 | $1,001 | $949 | $798 | $719 |
| 1 adult 1 child | $1,123 | $647 | $585 | $798 | $596 |
| 2 adults | $994 | $804 | $728 | $0 | $591 |
| 1 adult | $901 | $439 | $364 | $0 | $497 |
Safety trends & Data
In Jefferson County, Washington, property crime has shown some swings over the past five years. Larceny-theft had a high of 47 incidents in 2018 but then tapered off to 23 incidents by 2022. Burglary hit its peak in 2020 with 20 cases but dramatically dropped to just 8 in 2021. Vandalism and motor vehicle theft have stayed pretty steady, with vandalism cases peaking at 19 in 2018. Arson is quite rare. These crime trends could impact real estate decisions, affecting property values, insurance... Read more
Property Crime Trends in Jefferson County, WA Over the Last 5 Years
Over the last five years in Jefferson County, Washington, property crime trends reveal a fluctuating pattern. Larceny-theft generally dominates, peaking in 2018 with 47 incidents and experiencing a gradual decline to 23 incidents by 2022. Burglary figures show some variation, with the highest frequency in 2020 at 20 cases and a notable dip in 2021 to 8 cases. Vandalism and motor vehicle theft have remained relatively stable, with the highest vandalism cases reported at 19 in 2018 and no significant spikes in motor vehicle thefts. Arson remains uncommon with minimal occurrences. For potential investors, builders, and real estate professionals, understanding these crime trends can influence decisions regarding property valuation, insurance rates, and community safety considerations.
Demographics
Jefferson County, Washington shows a relatively balanced male and female adult population with a small edge towards females. The county has a significant proportion of individuals with higher education, particularly bachelor's and graduate degrees, suggesting a well-educated community that may influence socio-economic dynamics. The age distribution highlights a sizable older population, particularly those over 55, which might indicate a trend towards an aging community, impacting healthcare and... Read more
Race Distribution in Jefferson County, Washington (2022)
Educational Attainment in Jefferson County, Washington (2022)
Age Distribution in Jefferson County, Washington
Citizen Population in Jefferson County, Washington (2022)
Political Trends & Data
Jefferson County, Washington, demonstrates a strong Democratic lean, with 69% of the 2020 presidential vote going to the Democrat candidate. Republicans managed approximately 28%, and around 3% went to third-party candidates. This progressive tilt might influence local policies and shape community planning and real estate development, potentially making the area more appealing to those favoring Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Jefferson County, Washington, leans heavily Democratic, with approximately 69% of the vote going to the Democrat candidate in the 2020 presidential election. Republicans garnered about 28%, while third-party candidates, including Libertarian, Green, and other parties, collectively received around 3%. This Democratic majority suggests a progressive tilt in the county's political landscape, which could shape local policies and participation in future elections.
27.96% of voters voted for the Republican party in the 2020 Presidential Election
69.39% of voters voted for the Democrat party in the 2020 Presidential Election
1.33% of voters voted for the Livertarian party in the 2020 Presidential Election
0.59% 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
Jefferson County, Washington has experienced fluctuations in its student-to-teacher ratio, hitting a high of 20:1 in 2021, well above the national average of 14. This ratio has decreased to nearly 18:1 by 2023. These changes in the education sector might impact perceived school quality, affecting housing demand and property values in the... Read more
Student-to-teacher ratio in Jefferson County, Washington over the last 9 years
Jefferson County, Washington has seen some notable shifts in its student-to-teacher ratio over the past nine years. The ratio peaked at 20 students per teacher in 2021, significantly higher than the current national average of fourteen. In recent years, this ratio has decreased, with 18 students per teacher in 2022 and nearly 18 in 2023. Investors, prospective residents, real estate agents, and those involved in local education should be aware that higher student-to-teacher ratios can impact the perceived quality of education, potentially influencing property values and demand for housing in the county.
