Pend Oreille County Real Estate and Livability Trends
Pend Oreille County, Washington has seen median home values climb significantly, from $179,200 in 2015 to $288,200 in 2022, indicating strong demand and possibly limited supply. Real estate taxes also saw increases, reflecting changes in property values and potential municipal spending adjustments. Mortgage trends for principal residences peaked in 2021, suggesting shifting market demands.... Read more
Pend Oreille County Market Trends
Pend Oreille County, Washington has shown a robust increase in median home values, rising from $179,200 in 2015 to $288,200 in 2022, spotlighting a growing demand and possibly limited housing supply. Comparatively more affordable than the broader state, where values surged to $473,400, Pend Oreille's real estate market presents a promising option for savvy investors and homebuyers. Residential... Read more
Median Value of Occupied Housing Units in Pend Oreille County, Washington Over the Last 8 Years
The median home values in Pend Oreille County, Washington have experienced a steady increase over the past eight years, rising from $179,200 in 2015 to $288,200 in 2022. This consistent upward trend highlights a growing demand and potentially limited supply of housing in the area. When compared to the state of Washington, where the median values soared from $259,500 in 2015 to $473,400 in 2022, Pend Oreille remains more affordable, though it is catching up. National median values also increased, but at a slower pace, from $125,500 in 2015 to $179,400 in 2022. This situation suggests that Pend Oreille County could be an attractive option for investors and homebuyers seeking relatively lower-priced properties within a promising market that is experiencing significant appreciation.
Residential Energy Tax Credit Per Tax Return in Pend Oreille County, WA Over the Last 8 Years
Over the past eight years, Pend Oreille County, Washington has seen notable fluctuations in the average residential energy tax credit per tax return. The credit was relatively high in 2013 at $444.44 before dropping significantly to just $228.57 by 2016. However, there was a sharp increase, peaking at $1012.50 in 2021. These trends suggest varying levels of investment in energy-efficient improvements and can have implications for home appraisals, insurance valuations, and the overall desirability of properties.
Average Real Estate Taxes Per Tax Return in Pend Oreille County, WA Over the Last 10 Years
Pend Oreille County, Washington has seen a noticeable increase in average real estate taxes per tax return over the last decade. Starting at around $2,400.94 in 2012, taxes climbed gradually, peaking at $4,038.46 in 2020 before slightly dipping to $3,914.81 in 2021. This rise points to potential shifts in property values and perhaps greater municipal budgets or spending requirements. For investors, real estate agents, and potential homeowners, understanding these tax trends is vital for financial planning and assessing the long-term viability of property investments in the county.
Percentage of Farm Returns in Pend Oreille County, WA Over the Last 10 Years
Farm tax returns in Pend Oreille County, Washington have shown a general decline over the past decade, falling from approximately 3.47% in 2012 to about 2.21% in 2021. This trend could suggest changing economic conditions or shifts in agricultural practices within the county. Investors and potential property buyers might want to consider these trends, as they could reflect broader changes in the local economy that may impact land value and the viability of farming ventures. For those interested in agri-business or rural living, it’s worth noting that the decrease in farm returns might signify challenges, but also opportunities for innovation and growth in the region.
Number of Mortgages by Occupancy Type in Pend Oreille County, WA Over the Last 5 Years in Pend Oreille County
Pend Oreille County, Washington has seen fluctuating mortgage numbers over the last five years with a notable peak in 2021 for principal residences at 1,218. Investment properties remained relatively stable, with the highest count being 29 in 2018 and the lowest at 16 in 2019. Second residences also saw a marked increase in 2020 but tapered off by 2022. These occupancy trends could be an indicator of shifting market demands, impacting investment strategies, property values, and insurance premiums. Investors should note the stability of the investment property market, while those looking to move should recognize the year-to-year variability in principal residence mortgages. Real estate agents and appraisers should find these trends useful for forecasting demand and advising clients accordingly.
Economic Outlook
Pend Oreille County, Washington has seen fluctuating average taxable incomes with peaks and valleys over the past nine years, hitting a high of $79,003.24 in 2017 before dipping and then peaking again at $72,987.74 in 2021. Average state and local income taxes showed similar volatility, with a notable rise to $9,650.00 between 2016 and 2018. The total tax liability also spiked in 2016 and 2017, reaching over $16,220.05. These financial ebbs and flows suggest changing economic conditions that... Read more
Average Taxable Income per Tax Return in Pend Oreille County, WA over the last 9 years
Pend Oreille County, Washington has experienced notable fluctuations in average taxable income per tax return over the past nine years. Post-2013, there was a significant rise reaching $79,003.24 in 2017, followed by a dip in 2018 to $59,520.42, and then another increase peaking at $72,987.74 in 2021. Investors and property developers may find this volatility indicative of economic variables worth considering, while insurance agents and appraisers might use this data to assess financial risk or property value trends.
Average State and Local Income Taxes Per Tax Return in Pend Oreille County, WA Over the Last 10 Years
In Pend Oreille County, Washington, average state and local income taxes per tax return have seen noticeable fluctuations over the last decade. After starting at $4,121.43 in 2012, figures saw a significant spike, particularly between 2016 and 2018, reaching $9,650.00. This volatility indicates changing economic conditions which may impact investment, property valuations, and local fiscal policies. For those considering real estate investments, fluctuations suggest broader economic influences and potential for varied tax obligations, making it crucial to stay informed for optimized financial planning.
Average Total Tax Liability Per Tax Return in Pend Oreille County, WA Over the Last 10 Years
Pend Oreille County, Washington has experienced notable fluctuations in average total tax liability per tax return over the past decade. There was a significant spike in 2016 and 2017, reaching over $14,734.07 and $16,220.05, respectively, possibly indicating changes in local economic conditions or tax policies. After this peak, the tax liabilities decreased but remained elevated compared to earlier years, averaging around $8,669.78 to $11,223.35 from 2018 to 2021. For potential investors and real estate agents, these trends could reflect underlying economic shifts or property value changes within the county, affecting overall financial planning and investment decisions.
Cost of Living in Pend Oreille County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,267 | $1,468 | $1,542 | $1,579 | $969 |
| 1 adult 4 children | $1,267 | $1,199 | $1,194 | $1,579 | $1,131 |
| 2 adults 3 children | $1,267 | $1,199 | $1,330 | $1,579 | $793 |
| 1 adult 3 children | $1,267 | $979 | $983 | $1,579 | $917 |
| 2 adults 2 children | $1,041 | $982 | $1,118 | $1,379 | $699 |
| 1 adult 2 children | $1,041 | $733 | $771 | $1,379 | $682 |
| 2 adults 1 child | $1,041 | $776 | $906 | $728 | $642 |
| 1 adult 1 child | $1,041 | $501 | $559 | $728 | $556 |
| 2 adults | $791 | $623 | $695 | $0 | $517 |
| 1 adult | $696 | $340 | $347 | $0 | $444 |
Safety trends & Data
Pend Oreille County, Washington has experienced fluctuating property crime rates over the past five years. Larceny-theft, the most common crime, hit a peak in 2021 with 213 incidents before decreasing to 114 in 2022. Burglary incidents saw a spike in 2021 with 32 arrests, dropping to just 13 in 2022. Increasing vandalism and fraud could be notable for prospective property owners and investors, potentially affecting insurance rates, real estate appraisals, and investment... Read more
Property Crime Trends in Pend Oreille County, WA Over the Last 5 Years
Pend Oreille County, Washington has seen significant fluctuation in property crime over the last five years. Larceny-theft remains the most prevalent crime, peaking in 2021 with 213 reported incidents before slightly decreasing to 114 in 2022. Notably, burglary incidents spiked in 2021 with 32 arrests and then dropped to 13 in 2022. Vandalism and fraud also showed notable increases in the latter part of the period, indicating a trend that property owners and investors may want to monitor closely. These trends might influence insurance rates, real estate appraisals, and overall investment attractiveness in the area.
Demographics
Pend Oreille County, Washington, reflects intriguing demographic patterns, particularly in its adult population where slightly more males than females reside. Educational attainment indicates a significant portion of the population has completed high school or some college without obtaining a degree. The age distribution reveals a notable concentration of residents aged 55 and over, hinting at an aging population trend. Racial demographics are predominantly White, with small percentages of... Read more
Race Distribution in Pend Oreille County, Washington (2022)
Educational Attainment in Pend Oreille County, Washington (2022)
Age Distribution in Pend Oreille County, Washington
Citizen Population in Pend Oreille County, Washington (2022)
Political Trends & Data
Pend Oreille County in Washington appears to lean heavily Republican, with nearly 67% of votes going that direction in the last presidential election. Democrats captured about 30%, illustrating a considerable political divide in the area. Libertarians and other minor parties seemed to struggle, each barely approaching 2%, hinting at a local preference for the two main political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pend Oreille County in Washington shows a significant leaning towards the Republican party, with nearly 67% of the votes. Democrats garnered around 30%, indicating a notable gap between the two major parties. Libertarians and other alternative parties received minimal support, each struggling to reach 2%, which might suggest a limited appeal for third-party options in this region. This could reflect a broader preference for traditional party candidates, at least within this county.
66.97% of voters voted for the Republican party in the 2020 Presidential Election
30.32% of voters voted for the Democrat party in the 2020 Presidential Election
1.72% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% 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
Pend Oreille County, Washington has experienced notable variation in its student-to-teacher ratio over the past nine years, with ratios fluctuating from a low of just over 11 in 2022 to a peak of 22.5 in 2023. This recent spike could suggest challenges in maintaining smaller class sizes, potentially affecting local real estate markets, investment prospects, and insurance evaluations. Such trends might be concerning for potential investors, residents with school-aged children, and real estate... Read more
Student-to-teacher ratio in Pend Oreille County, Washington over the last 9 years
Over the past nine years, the student-to-teacher ratio in Pend Oreille County, Washington has experienced significant fluctuations. From a steady ratio around 14 to 15 between 2015 and 2017, there's a notable dip to roughly 14 in 2018 and a jump to over 17 in 2019 and 2020. An unprecedented low of just over 11 in 2022 contrasts sharply with a peak of over 22 in 2023. With the current national average at around 14 students per teacher, Pend Oreille County's recent spike to 22.5 may indicate challenges in maintaining smaller class sizes, which can affect educational quality and, consequently, the local real estate market, investment climates, and insurance evaluations. These trends might be concerning for potential investors, residents with school-aged children, and real estate agents closely monitoring school quality as a selling point.
