Kitsap County Real Estate and Livability Trends
Kitsap County, Washington has seen an impressive rise in home values, climbing from $258,700 in 2015 to $463,000 by 2022, outpacing both state and national averages. As property values soared, real estate taxes almost doubled, reflecting increased municipal revenue needs. The fluctuations in mortgage trends, notably a drop in investment property mortgages by 2022, suggest changing housing needs... Read more
Kitsap County Market Trends
Home values in Kitsap County, Washington have surged from $258,700 in 2015 to $463,000 in 2022, outpacing both state and national averages and highlighting a robust market despite rising entry costs. Energy tax credits peaked in 2018 at $4684.21, suggesting significant energy-efficient upgrades during that period, a potential savings opportunity for homeowners. Real estate taxes have nearly... Read more
Median Value of Occupied Housing Units in Kitsap County, Washington Over the Last 8 Years
Over the past eight years, median home values in Kitsap County, Washington, have seen a significant upward trend, jumping from $258,700 in 2015 to $463,000 in 2022. This trend generally parallels the state of Washington, where the median home value increased from $259,500 to $473,400 over the same period. Nationally, the rise has been less dramatic, from $125,500 to $179,400, highlighting the relatively stronger appreciation in Kitsap County. For potential investors or those considering a move, this rapid increase could suggest a robust market, but it also signals rising costs for entry.
Residential Energy Tax Credit Per Tax Return in Kitsap County, WA Over the Last 9 Years
The average residential energy tax credit per tax return in Kitsap County, Washington has seen significant fluctuations over the last nine years, peaking notably in 2018 at approximately $4684.21. The sharp increase in 2018, followed by a subsequent decline, could suggest a surge in either energy-efficient home improvements or investment in renewable energy projects during that period. This trend is relevant for potential investors and homeowners considering the benefits of energy-efficient upgrades, indicating periods of greater financial incentives. Real estate agents, insurance agents, and appraisers might find this pattern useful when evaluating property value and potential energy savings for clients.
Average Real Estate Taxes Per Tax Return in Kitsap County, WA Over the Last 10 Years
Kitsap County, Washington has seen a notable upward trajectory in average real estate taxes per tax return over the past decade. Starting at approximately $3,883.82 in 2012, taxes have nearly doubled, culminating at around $6,852.15 in 2021. This rise suggests growing property values and increased municipal revenue needs, making it an essential consideration for investors, real estate professionals, and potential residents evaluating long-term financial commitments in the area.
Percentage of Farm Returns in Kitsap County, WA Over the Last 10 Years
Kitsap County, Washington has seen a gradual decrease in farm tax returns over the last decade, starting from roughly 0.35% in 2012 to about 0.27% in 2021. Despite a slight uptick in 2020 and 2021, the overall trend indicates a decline in the representation of farm tax returns. This could suggest a shrinking agricultural sector, which may impact land use, property values, and investment opportunities. For those looking to invest or develop property, this trend might underscore a shift towards alternative land uses or potentially signal growing urbanization.
Number of Mortgages by Occupancy Type in Kitsap County, WA Over the Last 5 Years in Kitsap County
Kitsap County, Washington has seen fluctuating mortgage trends over the past five years. The count for principal residences has shown significant variation, peaking in 2020 and nearly halving by 2022. Investment property mortgages, while fewer in number compared to principal residences, exhibited an upward trend until 2021 before dropping sharply in 2022. The relatively stable yet low numbers for second residences suggest limited interest in vacation or secondary homes. For potential investors and real estate agents, these trends might indicate changing housing needs and investment opportunities, affecting pricing and market strategies. Fluctuations in mortgage counts could also impact property valuations and insurance assessments, reflecting economic conditions and influencing policy rates and availability.
Economic Outlook
Kitsap County, Washington has experienced steady growth in average taxable income per tax return from $65,342.66 in 2013 to around $103,843.76 in 2021, signaling economic improvement and a potentially more affluent resident base. Concurrently, average state and local income taxes rose sharply from $9,512.27 in 2012 to $21,652.03 in 2021, suggesting either higher incomes or increased tax rates. Meanwhile, the average total tax liability per tax return climbed to approximately $17,667.83 by 2021,... Read more
Average Taxable Income per Tax Return in Kitsap County, WA over the last 9 years
Kitsap County, Washington has seen a notable upward trend in average taxable income per tax return over the past nine years. In 2013, the average taxable income per return was approximately $65,342.66, gradually increasing each year to reach approximately $103,843.76 in 2021. This continuous growth, particularly the significant jump between 2020 and 2021, suggests economic improvement and potentially a more affluent resident base. For investors, real estate agents, and those considering relocating or developing property in the area, this trend could indicate a robust local economy, higher disposable incomes, and potentially increased market demand.
Average State and Local Income Taxes Per Tax Return in Kitsap County, WA Over the Last 10 Years
Over the past decade, Kitsap County in Washington has seen a notable upward trend in average state and local income taxes per tax return, growing from approximately $9,512.27 in 2012 to around $21,652.03 in 2021. This spike, particularly sharp post-2016, suggests either rising incomes, increased tax rates, or a combination of both. For potential investors, property developers, and real estate agents, these figures may indicate a changing economic landscape and a potentially affluent tax base. Higher income taxes could also imply increased public services or infrastructure improvements, impacting property values and desirability.
Average Total Tax Liability Per Tax Return in Kitsap County, WA Over the Last 10 Years
Over the past decade, Kitsap County, Washington has seen a notable increase in average total tax liability per tax return, going from approximately $10,239.58 in 2012 to around $17,667.83 in 2021. This gradual but steady rise, especially the significant jump in 2020, may indicate economic growth and perhaps an increase in local income levels. Such trends are worth paying attention to if you’re considering investments, relocation, or property development in the area, as they can impact financial planning and cost of living assessments.
Cost of Living in Kitsap County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,515 | $1,649 | $1,628 | $1,760 | $1,603 |
| 1 adult 4 children | $2,515 | $1,347 | $1,257 | $1,760 | $1,791 |
| 2 adults 3 children | $2,515 | $1,347 | $1,407 | $1,760 | $1,377 |
| 1 adult 3 children | $2,515 | $1,100 | $1,035 | $1,760 | $1,550 |
| 2 adults 2 children | $1,872 | $1,103 | $1,186 | $1,578 | $1,025 |
| 1 adult 2 children | $1,872 | $824 | $814 | $1,578 | $1,117 |
| 2 adults 1 child | $1,872 | $871 | $964 | $987 | $931 |
| 1 adult 1 child | $1,872 | $563 | $593 | $987 | $916 |
| 2 adults | $1,431 | $700 | $743 | $0 | $698 |
| 1 adult | $1,252 | $382 | $372 | $0 | $589 |
Safety trends & Data
In Kitsap County, Washington, trends in property crimes might influence the real estate market considerably. Larceny-theft, peaking at 415 incidents in 2018, has seen some decline, ending at 292 in 2022. While burglary incidents generally decreased, a rebound in 2022 necessitates ongoing vigilance. Motor vehicle thefts nearly doubled in 2022, hitting 59 reported cases. The surprising rise in stolen property possession to 121 incidents in 2022 emphasizes the need for enhanced security measures.... Read more
Property Crime Trends in Kitsap County, WA Over the Last 5 Years
Over the past five years in Kitsap County, Washington, property crimes have shown some notable trends. Larceny-theft consistently remains the most common type of property crime, peaking at 415.0 occurrences in 2018 and showing a slight decline over the years to 292.0 in 2022. Burglary incidents have generally decreased from 194.0 in 2018 to 121.0 in 2021, but a rebound to 162.0 in 2022 suggests a need for ongoing vigilance. Interestingly, motor vehicle theft saw a significant increase in 2022 with 59.0 reported cases, nearly doubling from previous years. Additionally, while fraud and forgery incidents remain relatively low, there was a surprisingly high value for stolen property possession in 2022 at 121.0, a notable jump from previous years. These patterns could significantly impact decisions for potential investors, real estate professionals, and current residents, indicating areas where security improvements and community initiatives may be necessary.
Demographics
Kitsap County, Washington has a nearly even split between male and female adults. The county's age distribution shows a more significant proportion of the population in the 25 to 44-year range, which could indicate a young to middle-aged demographic with a potential for a thriving workforce. Educational attainment levels highlight a substantial portion of residents with some college education or higher, suggesting a relatively educated populace. The racial composition is predominantly White,... Read more
Race Distribution in Kitsap County, Washington (2022)
Educational Attainment in Kitsap County, Washington (2022)
Age Distribution in Kitsap County, Washington
Citizen Population in Kitsap County, Washington (2022)
Political Trends & Data
In Kitsap County, Washington, the 2020 U.S. Presidential Election voting patterns indicated the Democratic Party garnered around 56.9% of the votes, while Republicans secured about 38.8%. Smaller parties like the Libertarians and Greens gained approximately 3% and 0.5%, respectively. This voting distribution highlights a dominant two-party competition with minor parties having a negligible influence on the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Kitsap County, Washington, voting trends in the 2020 U.S. Presidential Election may suggest a leaning towards the Democratic Party, which captured an estimated 56.9% of the votes. Republicans followed with approximately 38.8%, which is notably lower. Smaller parties like the Libertarians and Greens garnered around 3% and 0.5%, respectively, while other parties potentially accounted for about 0.8% of the vote. This distribution could indicate a relatively strong two-party dynamic, with minor parties having a minimal impact on the overall outcome.
38.80% of voters voted for the Republican party in the 2020 Presidential Election
56.90% of voters voted for the Democrat party in the 2020 Presidential Election
3.03% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Green party in the 2020 Presidential Election
0.82% of voters voted for the Other party in the 2020 Presidential Election
School Data
Kitsap County, Washington's student-to-teacher ratio has decreased from a high of 19 students per teacher in 2016 to around 17 by 2023. Although still above the national average of 14, this improvement might signify better classroom conditions, making the county more appealing to families focused on education. This trend could be attractive to investors and real estate agents, as it suggests a community's commitment to education, potentially boosting property values. Insurance agents and... Read more
Student-to-teacher ratio in Kitsap County, Washington over the last 9 years
Kitsap County, Washington has seen its student-to-teacher ratio fluctuate over the last nine years, peaking at 19 students per teacher in 2016 and then gradually decreasing to approximately 17 by 2023. Although still slightly above the national average of 14 students per teacher, this decline could suggest improving classroom conditions, potentially making Kitsap County's schools more attractive to families prioritizing education. Investors and real estate agents might find this trend appealing, as it indicates a community investing in education, which often translates to enhanced property values. Similarly, insurance agents and appraisers may consider this trend when assessing risk and value respectively. For those thinking of building or relocating, understanding these educational dynamics is crucial, as they can significantly impact the area's quality of life and long-term growth.
