Pierce County Real Estate and Livability Trends
Pierce County, Washington has seen a consistent rise in average taxable income per tax return, jumping from $58,717.98 in 2013 to $89,576.18 in 2021, likely signaling a robust economic climate. Median home values surged from $232,600 in 2015 to $444,600 in 2022, outpacing state and national averages, which might indicate high demand and appeal for investors and homebuyers. Property crimes have... Read more
Pierce County Market Trends
Pierce County's median home values have surged from $232,600 in 2015 to $444,600 in 2022, outpacing both Washington state and national averages. This robust growth indicates high demand, appealing to investors and homebuyers. Home energy tax credits spiked dramatically, peaking at $3518.18 in 2018, suggesting a growing interest in energy-efficient upgrades. Real estate taxes also sharply... Read more
Median Value of Occupied Housing Units in Pierce County, Washington Over the Last 8 Years
Pierce County's median home values have shown a robust upward trend over the past eight years, climbing from $232,600 in 2015 to $444,600 in 2022. This local increase outpaces both Washington state and national averages, with the state rising from $259,500 in 2015 to $473,400 in 2022, and the U.S. increasing from $125,500 to $179,400 in the same timeframe. This persistent growth could point to a high demand for housing in Pierce County, making it an attractive area for potential investors and homebuyers.
Residential Energy Tax Credit Per Tax Return in Pierce County, WA Over the Last 9 Years
Over the past nine years, Pierce County, Washington has seen a notable increase in the average residential energy tax credit per tax return, starting from $378.57 in 2013 and experiencing peaks and troughs, with a sharp rise to $3518.18 in 2018. The average has since stabilized around the $1000.00 to $1500.00 range, reflecting perhaps an increased investment in energy-efficient home improvements or larger adoption of renewable energy solutions. For investors, this trend might signal growing homeowner interest in energy-efficient upgrades, which could lead to a higher demand for green technologies and services. For real estate agents, understanding these credits could be key to advising clients on potential tax benefits relating to property enhancements.
Average Real Estate Taxes Per Tax Return in Pierce County, WA Over the Last 10 Years
In Pierce County, Washington, average real estate taxes have shown a notable increase over the past decade, rising from approximately $3,838.10 in 2012 to around $6,723.81 in 2021. The substantial jump observed in 2018, with an increase to $6,077.12, may be indicative of rising property values or shifts in tax policies. This trend is crucial for investors and homeowners to consider, as higher property taxes can impact overall affordability and investment returns. Real estate agents, appraisers, insurance agents, and those looking to build or move to the area should stay attuned to these changes for accurate financial planning and market evaluations.
Percentage of Farm Returns in Pierce County, WA Over the Last 10 Years
Farm tax returns in Pierce County, Washington have generally seen a slight decline over the past decade, with percentages hovering around 0.27% in 2012 and dipping closer to 0.21% by 2021. This data might reflect changing agricultural dynamics or economic conditions affecting farming profitability and operational scope. Such trends can be a barometer of the local agricultural sector's health, potentially influencing land investment decisions, development planning, and economic forecasts in the area. For those moving to or investing in Pierce County, understanding these shifts could inform strategic decisions in property development or local business ventures tied to agriculture.
Number of Mortgages by Occupancy Type in Pierce County, WA Over the Last 5 Years in Pierce County
Pierce County, Washington has experienced fluctuations in its mortgage counts over the last five years, with clear distinctions between investment properties, principal residences, and second homes. Principal residences consistently dominate the market, peaking in 2020 with over 103,000 mortgages before declining in 2022. Investment properties showed notable year-over-year growth till 2021, suggesting shifts in market dynamics or investor interest. Changes in occupancy type are crucial for gauging market health; a rise in investment properties might indicate investor confidence, while shifts in principal residence mortgages could reflect broader economic trends or local employment conditions, all of which can significantly impact property values, insurance risks, and real estate strategies.
Economic Outlook
Pierce County, Washington has shown a consistent rise in average taxable income per tax return, jumping from $58,717.98 in 2013 to $89,576.18 in 2021. This upward trend might appeal to investors and real estate professionals, suggesting a robust economic climate. Average state and local income taxes per tax return have also increased, peaking in 2017 and 2019, potentially due to changes in income levels or tax policies. The average total tax liability per tax return climbed from $8,840.87 in... Read more
Average Taxable Income per Tax Return in Pierce County, WA over the last 9 years
Over the last nine years, Pierce County, Washington has experienced a notable increase in average taxable income per tax return, rising from $58,717.98 in 2013 to $89,576.18 in 2021. This consistent growth suggests a potentially attractive economic climate for investors and real estate professionals. The steady rise could also inform insurance agents and appraisers about the increasing financial stability of residents, while builders and developers might see expanding opportunities in this upward trajectory. This trend also supports the interest of those considering moving to or living in Pierce County.
Average State and Local Income Taxes Per Tax Return in Pierce County, WA Over the Last 10 Years
Pierce County, Washington has seen a steady increase in average state and local income taxes per tax return over the last decade. Notable spikes occurred in 2017 and 2019, where taxes jumped to $9,508.25 and $10,923.38 respectively, perhaps indicating shifts in income levels or tax policies. This upward trend might influence decisions for those looking to invest in or move to Pierce County, impacting property values and the cost of living. Additionally, real estate agents, appraisors, and insurance agents may find this trend relevant when evaluating market conditions and risks.
Average Total Tax Liability Per Tax Return in Pierce County, WA Over the Last 10 Years
Over the last decade, Pierce County, Washington has seen a notable increase in the average total tax liability per tax return, climbing from approximately $8,840.87 in 2012 to about $14,089.20 in 2021. This trend likely indicates a rising income or property value within the county, which could impact investment decisions, appraisals, insurance rates, and real estate market activity. For those considering building or moving to Pierce County, or for professionals working in related fields, this upward trajectory in tax liability may be a key factor to consider for financial planning and forecasting.
Cost of Living in Pierce County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,335 | $1,653 | $1,652 | $1,760 | $1,516 |
| 1 adult 4 children | $2,335 | $1,350 | $1,275 | $1,760 | $1,674 |
| 2 adults 3 children | $2,335 | $1,350 | $1,427 | $1,760 | $1,266 |
| 1 adult 3 children | $2,335 | $1,102 | $1,050 | $1,760 | $1,455 |
| 2 adults 2 children | $1,643 | $1,105 | $1,203 | $1,578 | $934 |
| 1 adult 2 children | $1,643 | $826 | $826 | $1,578 | $1,001 |
| 2 adults 1 child | $1,643 | $874 | $978 | $987 | $864 |
| 1 adult 1 child | $1,643 | $564 | $601 | $987 | $819 |
| 2 adults | $1,308 | $702 | $754 | $0 | $661 |
| 1 adult | $1,174 | $383 | $377 | $0 | $557 |
Safety trends & Data
Property crime in Pierce County, Washington, has seen a notable downward trend over the past five years, especially in burglary and larceny-theft categories. Larceny-theft cases, in particular, decreased from 1,876 in 2018 to 988 in 2022. While motor vehicle thefts have slightly declined, vandalism and arson incidents have remained relatively stable. This trend could potentially boost property values and lower insurance premiums, making the area more appealing to real estate investors and new... Read more
Property Crime Trends in Pierce County, WA Over the Last 5 Years
Property crime in Pierce County, Washington, has shown a consistent downward trend over the past five years, particularly in burglary and larceny-theft categories. While motor vehicle thefts have slightly decreased, the most significant reduction can be seen in larceny-theft, which fell from 1,876 cases in 2018 to 988 cases in 2022. On the other hand, incidents of vandalism and arson have remained relatively stable, with only minor fluctuations. For real estate investors, appraisers, and insurance agents, these trends suggest a gradual improvement in overall property safety, which could positively impact property values and reduce insurance premiums over time. Those considering building or moving to the county should find these crime reductions encouraging, reflecting a community potentially becoming safer.
Demographics
Pierce County, Washington's demographic profile in 2022 reveals a nearly balanced gender distribution among adults. Educational attainment varies significantly, with high school graduates and those with some college yet no degree forming the largest groups. The age distribution skews towards younger adults, particularly those aged 25 to 34. Racially, the county is predominantly White, but there is a notable mix of other races, including a significant number of Black or African American and... Read more
Race Distribution in Pierce County, Washington (2022)
Educational Attainment in Pierce County, Washington (2022)
Age Distribution in Pierce County, Washington
Citizen Population in Pierce County, Washington (2022)
Political Trends & Data
Pierce County, Washington, exhibited a notable preference for Democratic candidates in the 2020 U.S. Presidential Election, with Democrats securing just over 53% of the vote. Republicans lagged slightly behind at around 43%, and Libertarians managed to capture a bit more than 2%. Other minor parties, including the Green Party, barely made a dent with less than 1% each. This voting pattern hints at a largely bipartisan environment, where fringe parties face challenges in building substantial... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pierce County, Washington, displayed a stronger tendency towards Democratic voting in the 2020 U.S. Presidential Election, with just over 53% of the vote. Republicans followed at around 43%, while Libertarians garnered a little over 2%. The Green Party and other parties had minimal impact, each earning under 1% of the vote. These trends suggest a predominantly bipartisan division, with minor parties struggling to gain significant traction.
42.61% of voters voted for the Republican party in the 2020 Presidential Election
53.76% of voters voted for the Democrat party in the 2020 Presidential Election
2.26% 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
0.91% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pierce County, Washington has experienced fluctuations in its student-to-teacher ratio in the last nine years, peaking at 20 students per teacher in 2017 before dropping to around 18, slightly higher than the national average of 14. Lower student-to-teacher ratios may suggest better opportunities for individualized attention, potentially making the area more attractive to homebuyers focused on quality education. Real estate agents might use these metrics to emphasize the locality's educational... Read more
Student-to-teacher ratio in Pierce County, Washington over the last 9 years
Pierce County, Washington has seen fluctuation in its student-to-teacher ratio over the last nine years, peaking at 20 students per teacher in 2017 and dropping to about 18, slightly above the current national average of 14 students per teacher. These ratios can have implications for those looking to invest or move to the area, as lower ratios often suggest better opportunities for individualized student attention, potentially enhancing the attractiveness of local schools. Real estate agents might leverage this information to highlight the quality of education when marketing homes, while appraisers and insurance agents should consider how these ratios may influence property values and community desirability. For those involved in education or policy, understanding these trends could be vital in decision-making regarding resource allocation and staffing needs.
