Skagit County Real Estate and Livability Trends
Skagit County, Washington has seen a significant increase in median home values, jumping from $249,800 in 2015 to $444,300 in 2022, suggesting a robust local real estate market. Taxable income per tax return, which hit $99,495.83 in 2021, indicates economic growth that could drive up property values further. However, fluctuating state and local taxes, with a notable spike from $9,328.92 in 2016... Read more
Skagit County Market Trends
In Skagit County, Washington, median home values have surged from $249,800 in 2015 to $444,300 in 2022, outpacing national trends and signaling a robust local market. The energy tax credits claimed per tax return peaked at $4,165.38 in 2018, stabilizing recently, which may indicate a growing local interest in energy-efficient home improvements. Real estate taxes have also climbed substantially,... Read more
Median Value of Occupied Housing Units in Skagit County, Washington Over the Last 8 Years
Over the last eight years, median home values in Skagit County, Washington have seen a significant upward trajectory, increasing from $249,800 in 2015 to $444,300 in 2022. This growth appears even more pronounced when compared to national figures, which moved from $125,500 to $179,400 over the same period. While home values in Washington as a whole also rose—from $259,500 to $473,400—Skagit County's market remains competitive. Prospective investors, potential movers, and current homeowners should note this strong local appreciation as it reflects both demand and potential future returns.
Residential Energy Tax Credit Per Tax Return in Skagit County, WA Over the Last 9 Years
Skagit County in Washington has seen a notable increase in the average residential energy tax credit claimed per tax return over the past nine years, with fluctuations indicative of changing investment behaviors in energy efficiency. Starting at $580.00 in 2013, the value peaked dramatically at $4,165.38 in 2018, before stabilizing around the $1,700-$1,800 range in recent years. This trend suggests that homeowners are increasingly aware of, and perhaps incentivized by, energy tax credits, making this area potentially ripe for investments in energy-efficient home improvements and attractive to environmentally conscious buyers.
Average Real Estate Taxes Per Tax Return in Skagit County, WA Over the Last 10 Years
Skagit County, Washington has seen a steady rise in real estate taxes over the past decade, with notable jumps around 2018 and 2020. The average real estate taxes per return moved from approximately $3,646.21 in 2012 to around $6,694.49 in 2021. This trend might suggest increasing property values or a shift in tax policies, factors worth considering for anyone involved in real estate transactions or property development in the area. Investors and insurance agents could see impacts on property affordability and risk assessments, while residents may need to budget for higher tax obligations.
Percentage of Farm Returns in Skagit County, WA Over the Last 10 Years
For those interested in Skagit County, Washington, farm tax returns show a steady but slight downward trend over the past decade. In 2012, farm returns constituted roughly 1.00% of total returns, and this has dipped to about 0.80% in 2021. Farm returns are important as they reflect the profitability and sustainability of agriculture in the region, influencing decisions for investment, real estate development, and relocation. The gradual decline might suggest shifts in economic conditions or changes in farming viability.
Number of Mortgages by Occupancy Type in Skagit County, WA Over the Last 5 Years in Skagit County
Over the past five years in Skagit County, Washington, there's been a noticeable fluctuation in mortgage counts across different occupancy types, with the highest being principal residences and the lowest being second residences. Notably, there was a sharp drop in principal residence mortgages in 2022 compared to previous years, while investment properties and second residences also saw a decline. These trends might hint at changing economic factors or shifts in housing preferences, which are critical for investors, builders, and real estate agents to consider. Appraisers and insurance agents should also note these trends, as the types of occupancy can influence property values and risk assessments.
Economic Outlook
Skagit County, Washington has seen a steady rise in average taxable income per tax return, with a high of $99,495.83 in 2021, suggesting economic growth that could attract investors and drive up property values. State and local income taxes in the county have been volatile, significantly jumping from $9,328.92 in 2016 to over $24,781.82 in 2019, indicating a fluctuating financial climate that might affect cost of living estimates. The total tax liability per tax return has also increased,... Read more
Average Taxable Income per Tax Return in Skagit County, WA over the last 9 years
Skagit County, Washington has experienced a steady increase in average taxable income per tax return over the past nine years, peaking at $99,495.83 in 2021. This growth trend suggests a robust economic expansion in the area, which may be particularly appealing for investors and real estate agents. The rising incomes could also imply higher property values, affecting appraisals and insurance premiums. Families considering relocation might find the increasing prosperity of the region promising.
Average State and Local Income Taxes Per Tax Return in Skagit County, WA Over the Last 10 Years
Over the past decade, Skagit County, Washington, has experienced significant fluctuations in state and local income taxes per tax return, suggesting a volatile economic environment. Particularly notable is the marked increase from $9,328.92 in 2016 to over $24,781.82 in 2019, capturing a substantial rise in tax liabilities for residents. This volatility provides pivotal insights for investors, real estate agents, or anyone considering relocation; the variability in tax burdens could impact cost of living estimations and financial planning. As such, careful consideration of these trends might be essential for making informed decisions regarding property investments or insurance evaluations in this region.
Average Total Tax Liability Per Tax Return in Skagit County, WA Over the Last 10 Years
In Skagit County, Washington, the average total tax liability per tax return has shown a steady upward trend over the last decade. Starting at $9,081.85 in 2012, it saw incremental increases each year, peaking dramatically at $16,595.63 in 2021. This data might suggest rising income levels or changing tax policies, making it a point of interest for potential investors, real estate agents, and those considering moving to or currently living in the area. The spike in 2021 could also indicate economic recovery or shifts following the pandemic, which could influence future tax liabilities.
Cost of Living in Skagit County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,000 | $1,645 | $1,753 | $2,234 | $1,573 |
| 1 adult 4 children | $2,000 | $1,343 | $1,353 | $2,234 | $1,752 |
| 2 adults 3 children | $2,000 | $1,344 | $1,515 | $2,234 | $1,341 |
| 1 adult 3 children | $2,000 | $1,097 | $1,115 | $2,234 | $1,527 |
| 2 adults 2 children | $1,407 | $1,100 | $1,276 | $1,978 | $1,006 |
| 1 adult 2 children | $1,407 | $822 | $876 | $1,978 | $1,085 |
| 2 adults 1 child | $1,407 | $869 | $1,038 | $1,144 | $864 |
| 1 adult 1 child | $1,407 | $562 | $638 | $1,144 | $815 |
| 2 adults | $1,111 | $698 | $800 | $0 | $637 |
| 1 adult | $941 | $381 | $400 | $0 | $519 |
Safety trends & Data
In Skagit County, Washington, property crime trends show promising signs with a drop in larceny-theft from 776 cases in 2018 to 483 in 2022, and burglary rates decreasing from 129 incidents to 114 over the same period. However, the dramatic peak in arson incidents in 2021, rising to 19 from a low of 5 in 2019, could be a red flag for insurers. Motor vehicle theft has stayed relatively stable, with no significant upward trend. This crime data can help potential homeowners and real estate... Read more
Property Crime Trends in Skagit County, WA Over the Last 5 Years
Skagit County, Washington, has experienced varied fluctuations in property crime over the last five years. Larceny-theft, although dropping from a high of 776 cases in 2018 to 483 in 2022, has consistently been the most prevalent crime, indicating ongoing challenges in petty theft. Burglary rates have decreased from 129 incidents in 2018 to 114 in 2022, showing a somewhat positive trend for potential homeowners and real estate investors. However, arson incidents peaked dramatically in 2021 at 19 occurrences, up from a low of 5 in 2019, which could be concerning for insurers. Motor vehicle theft has remained relatively low and stable, with minor fluctuations that do not suggest a growing trend. This data can help informed decisions for those assessing crime risk for investment, moving, or property structure in Skagit County.
Demographics
Skagit County, Washington showcases a balanced gender distribution with a nearly equal proportion of males and females in the adult population. Education levels display a broad range, though it appears that the majority may have at least graduated high school, with a significant portion having pursued higher education. The age distribution reflects a somewhat stable mix across different age groups. The racial composition is predominantly White, but there's also a notable presence of other... Read more
Race Distribution in Skagit County, Washington (2022)
Educational Attainment in Skagit County, Washington (2022)
Age Distribution in Skagit County, Washington
Citizen Population in Skagit County, Washington (2022)
Political Trends & Data
Skagit County in Washington displayed a marginal preference for Democratic candidates in the 2020 U.S. Presidential Election, garnering around 52% of the votes, while Republicans secured about 45%. This near-even split hints at a politically dualistic environment with limited third-party influence, mirroring Washington’s general Democratic leaning but also showcasing a significant Republican presence. Understanding these dynamics could be crucial for gauging potential policy impacts and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Skagit County in Washington shows a slight tilt towards the Democratic Party, with Democratic candidates purportedly receiving around 52% of the votes in the 2020 U.S. Presidential Election. Republicans followed closely, securing approximately 45% of the votes. Minor parties like the Libertarian and Green parties, along with other candidates, captured a relatively small share, indicating that the political landscape here may be quite dualistic, with less room for third-party influence. This voting pattern might suggest Skagit County's alignment with statewide trends, given Washington's overall Democratic leanings.
44.62% of voters voted for the Republican party in the 2020 Presidential Election
52.10% of voters voted for the Democrat party in the 2020 Presidential Election
2.03% of voters voted for the Livertarian party in the 2020 Presidential Election
0.39% of voters voted for the Green party in the 2020 Presidential Election
0.86% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Skagit County, Washington, has seen significant changes over the past nine years, peaking at 24:1 in 2016 and declining to about 18:1 in 2023, slightly above the national average of 14:1. These trends can influence family relocation decisions and subsequently impact property values. For professionals like investors, real estate agents, and developers, this is crucial as lower ratios generally indicate higher educational quality, potentially making properties more... Read more
Student-to-teacher ratio in Skagit County, Washington over the last 9 years
The student-to-teacher ratio in Skagit County, Washington has shown notable fluctuations over the past nine years. Ratios peaked in 2016 at 24 students per teacher and have since experienced a general decline, with the most recent figure in 2023 at about 18 students per teacher, which is slightly higher than the national average of 14. These shifts in ratio impact the quality of education and classroom management, potentially influencing families' decisions to move to the area and affecting property values. For investors, real estate agents, and developers, understanding these trends is crucial as lower student-to-teacher ratios often correlate with higher educational quality, which can make properties more attractive to families. Insurance agents and appraisers might also consider these ratios when assessing risk and valuation since areas with better schools tend to have more stable and possibly higher property values.
