Lincoln County Real Estate and Livability Trends
Lincoln County, Washington, is experiencing a significant rise in median home values, jumping from $142,500 in 2015 to $232,500 in 2022, aligning with an overall economic upturn reflected in increasing average taxable incomes. Real estate taxes have grown from $2,366.67 in 2012 to $3,588.24 in 2021, potentially indicating heightened property valuations. Investments in energy-efficient home... Read more
Lincoln County Market Trends
Lincoln County, Washington has seen the median home value rise from $142,500 in 2015 to $232,500 in 2022, showcasing a robust growth trajectory compared to the state and national averages. Residential energy tax credits peaked at $1,600.00 in 2019 before stabilizing above $800.00, hinting at ongoing investments in energy-efficient home upgrades. Average real estate taxes per return have increased... Read more
Median Value of Occupied Housing Units in Lincoln County, Washington Over the Last 8 Years
Over the past eight years, Lincoln County, Washington has seen the median home value climb from $142,500 in 2015 to $232,500 in 2022. While still below the state's median home value, which surged from $259,500 to $473,400 in the same period, Lincoln County exhibits a solid growth trajectory. Compared to the national figures, which increased from $125,500 to $179,400, Lincoln County's housing market has outpaced the national average, making it an interesting option for those looking to invest or move within Washington state.
Residential Energy Tax Credit Per Tax Return in Lincoln County, WA Over the Last 8 Years
Lincoln County, Washington has experienced noticeable fluctuations in residential energy tax credits over the last eight years. After a low of $400.00 in 2014, the average credit per tax return peaked at $1,600.00 in 2019, reflecting perhaps increased investments or incentives in energy-efficient home upgrades. More recent years saw amounts stabilizing above $800.00, suggesting ongoing but variable adoption of energy-efficient technologies. This trend can be particularly interesting for potential investors or homeowners, signaling both past incentives for energy improvements and ongoing opportunities for energy cost savings.
Average Real Estate Taxes Per Tax Return in Lincoln County, WA Over the Last 10 Years
Lincoln County, Washington has seen a noticeable increase in average real estate taxes per tax return over the last decade. Starting from $2,366.67 in 2012, the taxes have generally trended upwards, reaching $3,588.24 in 2021. There was a significant jump in 2018 to $3,468.42, suggesting a potential shift in property values or local tax policies around that period. For investors and property developers, this upward trend might indicate a growing real estate market, while residents and potential movers should consider the rising tax implications.
Percentage of Farm Returns in Lincoln County, WA Over the Last 10 Years
Farm tax returns in Lincoln County, Washington, have gradually decreased over the past decade. Starting from 6.81% in 2012, the percentage of farm returns has fallen to 4.72% in 2021. This trend may suggest a decline in agricultural activity or profitability in the area, potentially indicating shifts in local economic focus or challenges in the farming industry. Investors or new residents might need to consider these changes when looking at property investments or evaluating economic opportunities in the region.
Number of Mortgages by Occupancy Type in Lincoln County, WA Over the Last 5 Years in Lincoln County
In Lincoln County, Washington, the number of mortgages for principal residences saw a notable fluctuation, peaking in 2021 at 982 before dropping to 656 by 2022. Investment property mortgages remained relatively stable, ranging from 16 to 28 over the past five years. Second residences experienced subtle shifts, with a high point of 75 in 2020. Changes in occupancy type matter significantly as they indicate shifts in residential stability, investment opportunities, and seasonal or secondary housing demands. For investors or those seeking to build, stable investment property numbers suggest consistent rental market potential. Appraisers and insurance agents would need to consider these variances for accurate valuation and risk assessments, respectively. Understanding these trends helps real estate agents tailor their strategies and offers insights for those contemplating a move to the area.
Economic Outlook
Lincoln County, Washington, is seeing a steady climb in average taxable income per tax return, moving from $53,663.88 in 2013 to $76,454.60 by 2021, which might point to a flourishing local economy and likely rising property values. State and local income taxes have shown variability, peaking at $6,466.67 in 2017 and dropping to $3,160.00 in 2015, which could influence financial planning for investors and residents alike. Additionally, there has been a notable increase in total tax liability... Read more
Average Taxable Income per Tax Return in Lincoln County, WA over the last 9 years
Lincoln County, Washington, has experienced a notable rise in average taxable income per tax return over the past nine years, inching from $53,663.88 in 2013 to $76,454.60 by 2021. This upward trend could suggest a buoyant local economy, and potentially increasing property values, making it a significant consideration for investors, real estate agents, and insurance agents. The gradual increase in income might also indicate better job opportunities or economic growth, which could be attractive for those considering moving or building property in the area.
Average State and Local Income Taxes Per Tax Return in Lincoln County, WA Over the Last 6 Years
Lincoln County, Washington has seen fluctuations in average state and local income taxes per tax return over the past six years. From a low of $3,160.00 in 2015 to a high of $6,466.67 in 2017, the trends suggest variability that could impact financial planning for potential investors and current residents. This volatility might be significant for appraisers and real estate agents assessing property values and for insurance agents evaluating risk. For those planning to move or build property in the area, understanding this tax variability is possibly pivotal in making informed financial decisions.
Average Total Tax Liability Per Tax Return in Lincoln County, WA Over the Last 10 Years
Over the past decade, Lincoln County, Washington has seen a significant upward trend in the average total tax liability per tax return, increasing from approximately $7,812.05 in 2012 to around $10,799.31 in 2021. This gradual rise in tax liability likely reflects broader economic changes and possibly an increase in property values, influencing investment and real estate decisions. The sharpest increases were observed post-2017, coinciding with a notable spike after 2020. Understanding these trends is crucial for prospective investors, appraisers, insurance agents, builders, and residents making fiscal plans or considering Lincon County for new ventures or properties.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,285 | $1,576 | $1,542 | $1,579 | $1,004 |
| 1 adult 4 children | $1,285 | $1,287 | $1,194 | $1,579 | $1,166 |
| 2 adults 3 children | $1,285 | $1,288 | $1,330 | $1,579 | $821 |
| 1 adult 3 children | $1,285 | $1,051 | $983 | $1,579 | $947 |
| 2 adults 2 children | $1,011 | $1,054 | $1,118 | $1,379 | $704 |
| 1 adult 2 children | $1,011 | $787 | $771 | $1,379 | $685 |
| 2 adults 1 child | $1,011 | $833 | $906 | $728 | $645 |
| 1 adult 1 child | $1,011 | $538 | $559 | $728 | $556 |
| 2 adults | $768 | $669 | $695 | $0 | $521 |
| 1 adult | $676 | $365 | $347 | $0 | $448 |
Safety trends & Data
Lincoln County, Washington, sees an erratic trend in property crimes, with larceny-theft peaking at 44.00 cases in 2018 and motor vehicle theft reaching 24.00 cases in 2022. Although burglary remains relatively steady with minor spikes, vandalism incidents sometimes exceed 15.00 cases, signaling sporadic property damage. These fluctuating crime rates may influence real estate investment decisions, impact property values, and raise security concerns among residents and potential buyers... Read more
Property Crime Trends in Lincoln County, WA Over the Last 5 Years
Lincoln County, Washington has experienced fluctuating property crime rates over the past five years. Notably, Larceny-Theft incidents peaked at 44.00 cases in 2018 but have varied significantly year-on-year, impacting the overall property crime dynamics. Burglary incidents remained relatively constant with minor spikes, hinting at persistent security concerns. Motor Vehicle Theft showed an alarming rise to 24.00 cases in 2022. Vandalism has seen highs exceeding 15.00 incidents in some years, indicating sporadic yet concerning property damage. These trends are crucial for investors, real estate agents, and residents evaluating the area’s security and property values.
Demographics
In Lincoln County, Washington, the population is almost evenly split between males and females, reflecting a steady balance in gender demographics. Educational attainment reveals a significant portion of the population has achieved some college education without a degree, closely followed by high school graduates. The age distribution shows a higher concentration of individuals aged 55 to 74, indicating an aging population. The racial composition is predominantly White, with other races... Read more
Race Distribution in Lincoln County, Washington (2022)
Educational Attainment in Lincoln County, Washington (2022)
Age Distribution in Lincoln County, Washington
Citizen Population in Lincoln County, Washington (2022)
Political Trends & Data
Lincoln County, Washington, shows a strong Republican dominance with approximately 73% support during the 2020 U.S. Presidential Election. Democrats received about 24%, with Libertarians and minor parties making up the remainder. This voting pattern might signify local political leanings and hint at broader regional electoral trends, potentially influencing community priorities and development projects in the real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lincoln County, Washington, the 2020 U.S. Presidential Election results suggest a notable Republican dominance with around 73% of the vote. Democrats trailed significantly, securing roughly 24%, while Libertarians and other minor parties garnered marginal support. This trend might reflect local political leanings and could be an indicator of broader regional patterns in electoral behavior.
73.23% of voters voted for the Republican party in the 2020 Presidential Election
24.36% of voters voted for the Democrat party in the 2020 Presidential Election
1.58% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.63% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Lincoln County, Washington has climbed from around eleven students per teacher in 2015 to over thirteen by 2023. While still below the national average of fourteen, this uptick might signal a shift in educational demands and population trends, affecting decisions for families, property appraisers, and investors. Real estate agents and builders could see increasing ratios as a call for additional educational investment, influencing the attractiveness of the area... Read more
Student-to-teacher ratio in Lincoln County, Washington over the last 9 years
The student-to-teacher ratio in Lincoln County, Washington shows a gradual increase over the last nine years, starting at around eleven students per teacher in 2015 and reaching over thirteen by 2023. Although still below the national average of fourteen students per teacher, the growing ratio might indicate shifting demands in educational resources and changing population dynamics. This trend could impact decisions for families considering a move, appraisers estimating property values, or investors analyzing the local educational infrastructure. Real estate agents and builders might also find this data useful, as a lower student-to-teacher ratio is often attractive for families when choosing new locations, although the uptick could suggest the need for more educational investment.
