Okanogan County Real Estate and Livability Trends
Okanogan County, Washington has experienced notable economic growth, with average taxable income jumping from $42,563.99 in 2013 to $63,545.65 by 2021. Median home values surged from $162,700 in 2015 to $251,100 in 2022, hinting at a more robust local real estate market, though still below the state median of $473,400. Interestingly, residential energy tax credits spiked in 2018, suggesting a... Read more
Okanogan County Market Trends
Median home values in Okanogan County, Washington, jumped from $162,700 in 2015 to $251,100 in 2022, signaling robust growth although still trailing the state's median of $473,400. The county's average residential energy tax credit per return soared from $946.15 in 2017 to $2142.86 in 2018, suggesting a keen interest in energy-efficient upgrades. Real estate taxes rose from $2,960.47 in 2012 to... Read more
Median Value of Occupied Housing Units in Okanogan County, Washington Over the Last 8 Years
Median home values in Okanogan County, Washington have surged from $162,700 in 2015 to $251,100 in 2022, reflecting an upward trend that may appeal to investors and prospective homeowners. Although this increase is substantial, the county's 2022 median home value still trails behind the Washington state median of $473,400. On a national level, Okanogan County's median home value of $251,100 surpasses the U.S. average of $179,400, potentially indicating a more competitive market within the county. This steady rise could be a key factor for those considering property investment or relocation in the area.
Residential Energy Tax Credit Per Tax Return in Okanogan County, WA Over the Last 9 Years
In Okanogan County, Washington, the average residential energy tax credit per tax return has seen notable fluctuations over the last nine years. It's clear there's an upward trend, especially from 2017 to 2018 where it spiked from $946.15 to $2142.86. This is indicative of a growing investment in energy-efficient home upgrades, possibly driven by increased incentives or a shift in homeowner priorities towards sustainability. For insurance agents, real estate investors, and builders, this could signal a market leaning heavily towards energy-efficient homes, highlighting potential opportunities for energy-related upgrades and services.
Average Real Estate Taxes Per Tax Return in Okanogan County, WA Over the Last 10 Years
Okanogan County, Washington, has seen a notable upward trend in average real estate taxes per tax return over the past decade. Starting at around $2,960.47 in 2012, the taxes have steadily climbed, hitting approximately $5,790.57 by 2021. This relatively consistent increase, particularly sharp between 2016 and 2021, could suggest a rise in property values or changes in tax policies in the area. These trends may be critical for potential investors, homeowners, and real estate professionals as they navigate the financial landscape of this region.
Percentage of Farm Returns in Okanogan County, WA Over the Last 10 Years
Over the past decade, Okanogan County, Washington, has seen a slight but noticeable decline in the percentage of farm tax returns. Starting at around 4.84% in 2012, the percentage has gradually decreased to approximately 3.36% by 2021. This trend could signal a shift in the agricultural landscape, which might impact decisions for investors, potential residents, and property developers interested in the region. Farm tax returns are essentially the filings farmers submit for tax purposes, reflecting their income and expenses. The reduction in these filings suggests possibly fewer active or profitable farms, indicating changes that potential stakeholders should consider.
Number of Mortgages by Occupancy Type in Okanogan County, WA Over the Last 5 Years in Okanogan County
Okanogan County, Washington has shown fluctuating mortgage trends over the past five years, with the principal residence category consistently dominating the mortgage count. Second residences and investment properties have remained significantly lower, peaking modestly in specific years like 2020. Changes in occupancy type might impact local property values, insurance premiums, and investment opportunities. For investors, an increasing number of principal residences suggests a growing community, while consistent investment property numbers could indicate a stable rental market. Real estate agents and appraisers might find value in noting these mortgage trends to better assess market demand and property valuations.
Economic Outlook
Okanogan County, Washington has seen a steady increase in average taxable income per tax return, climbing from $42,563.99 in 2013 to $63,545.65 by 2021, suggesting potential economic growth that might intrigue investors and real estate agents. State and local income taxes have fluctuated significantly, peaking at $16,420.00 in 2021, which could be indicative of broader economic shifts, policy changes, or varied local income levels. Meanwhile, the average total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Okanogan County, WA over the last 9 years
Over the past nine years, average taxable income per tax return in Okanogan County, Washington has seen a gradual upward trend. Starting at $42,563.99 in 2013, it has consistently increased each year, reaching $63,545.65 by 2021. This steady rise could be appealing for investors and real estate agents, indicating potential economic growth. Appraisers and insurance agents might consider these trends when evaluating property values and insurance premiums. The considerable jump in 2020 and 2021 may warrant further investigation into underlying economic factors contributing to this spike.
Average State and Local Income Taxes Per Tax Return in Okanogan County, WA Over the Last 10 Years
Over the past decade, residents of Okanogan County, Washington have experienced significant fluctuations in state and local income taxes per tax return. Starting at $5,908.33 in 2012, the amounts varied widely with notable highs such as $16,420.00 in 2021. These trends could reflect broader economic conditions, policy changes, or shifts in local income levels, providing crucial insights for potential investors, real estate professionals, and new residents evaluating the region's economic landscape.
Average Total Tax Liability Per Tax Return in Okanogan County, WA Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Okanogan County, Washington has shown a steadily increasing trend, with a significant jump in the last two years. Values rose from around $6,738.76 in 2012 to $9,701.93 by 2021. This could imply an overall economic uptick or increased earnings among residents, which might be appealing for investors or those considering relocation. However, higher tax liabilities could also suggest a rising cost of living or changes in tax policies that should be factored into financial planning.
Cost of Living in Okanogan County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,372 | $1,383 | $1,734 | $1,579 | $999 |
1 adult 4 children | $1,372 | $1,130 | $1,343 | $1,579 | $1,161 |
2 adults 3 children | $1,372 | $1,130 | $1,496 | $1,579 | $822 |
1 adult 3 children | $1,372 | $923 | $1,105 | $1,579 | $948 |
2 adults 2 children | $978 | $925 | $1,258 | $1,379 | $675 |
1 adult 2 children | $978 | $691 | $867 | $1,379 | $647 |
2 adults 1 child | $978 | $731 | $1,020 | $728 | $620 |
1 adult 1 child | $978 | $472 | $629 | $728 | $533 |
2 adults | $770 | $587 | $782 | $0 | $509 |
1 adult | $654 | $320 | $391 | $0 | $432 |
Safety trends & Data
Okanogan County, Washington, has seen some interesting crime trends over the past five years, which could impact real estate decisions. Burglary incidents peaked in 2021 with 28 arrests, while larceny-theft has remained consistently high, even hitting a low of 22 arrests in 2021 and peaking at 32 in 2019. Vandalism, particularly in 2019 and 2020 with 34 incidents each year, suggests ongoing concerns. Motor vehicle theft saw a notable spike in 2019 with 10 arrests but remained relatively lower... Read more
Property Crime Trends in Okanogan County, WA Over the Last 5 Years
Okanogan County, Washington has experienced notable fluctuations in property crime over the past five years. Burglary incidents peaked in 2021 with 28 arrests, while larceny-theft remained consistently high, reaching a low of 22 arrests in 2021 and peaking at 32 in 2019. Vandalism has consistently been a concern, particularly in 2019 and 2020 with 34 incidents each year. The trend suggests a significant variability in motor vehicle theft, with a peak of 10 arrests in 2019, but relatively lower numbers in other years. These insights are crucial for potential investors, property developers, and real estate professionals assessing the county's safety and market stability.
Demographics
The demographic trends in Okanogan County, Washington, reveal a slightly higher female adult population compared to males. Educational attainment shows a significant portion of adults with high school diplomas and some college education, but relatively fewer hold bachelor's degrees or higher. Age distribution is notable for its balanced spread, with substantial populations in both younger and older age groups, suggesting a diversely aged community. Racially, the county is predominantly White,... Read more
Race Distribution in Okanogan County, Washington (2022)
Educational Attainment in Okanogan County, Washington (2022)
Age Distribution in Okanogan County, Washington
Citizen Population in Okanogan County, Washington (2022)
Political Trends & Data
Okanogan County in Washington likely leans Republican, securing the majority of votes in the recent U.S. presidential election, yet the Democrats clinched just under 42%, showcasing a significant political footprint. Libertarian and Green party supporters were minimal, indicative of limited third-party influence. Other minor parties combined to gather approximately 0.8%, pointing to a sparse but noticeable alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Okanogan County in Washington likely leans Republican, but the Democratic presence is notable with just under 42% of the vote. Libertarians and Greens gathered minimal support, suggesting limited influence. Other parties collectively garnered around 0.8%, indicating sparse but existent alternative political engagement.
55.63% of voters voted for the Republican party in the 2020 Presidential Election
41.82% of voters voted for the Democrat party in the 2020 Presidential Election
1.36% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Green party in the 2020 Presidential Election
0.80% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Okanogan County, Washington, the student-to-teacher ratio has generally been higher than the national average, trending around 17 students per teacher in recent years. This could hint at more crowded classrooms, potentially influencing individual student attention and learning outcomes. For real estate investors and potential homeowners, it raises considerations about the need for improved educational resources or potential stress on current infrastructure, impacting both community appeal... Read more
Student-to-teacher ratio in Okanogan County, Washington over the last 9 years
Over the past nine years in Okanogan County, Washington, the student-to-teacher ratio has shown significant fluctuation but has generally trended downward, reaching 17 students per teacher in recent years. Notably higher than the national average of 14 students per teacher, these figures could imply more crowded classrooms that might impact individual student attention and, subsequently, learning outcomes. For potential homeowners or real estate investors, the higher ratio might suggest the need for more educational resources or the potential stress on existing infrastructure. Appraisers and insurance agents may also find this data useful when considering the community's overall educational environment and its relevance to property values.