Snohomish County Real Estate and Livability Trends
Snohomish County, Washington, has experienced remarkable increases in average taxable income, rising from $65,646.09 in 2013 to $107,928.62 in 2021. This financial growth parallels the median home value more than doubling from $293,000 in 2015 to $592,800 in 2022. Despite a general decrease in poverty rates, recent upticks suggest economic fluctuations worth monitoring. Property crime trends,... Read more
Snohomish County Market Trends
Snohomish County, Washington's median home value has surged from $293,000 in 2015 to $592,800 in 2022, significantly outpacing the state and national averages. Residential energy tax credits have exhibited fluctuations, with a notable peak of $4050.00 in 2018, suggesting ongoing interest in energy-efficient upgrades. Real estate taxes per tax return have risen from $3,798.10 in 2012 to $6,556.37... Read more
Median Value of Occupied Housing Units in Snohomish County, Washington Over the Last 8 Years
For those considering Snohomish County, Washington, the steady upward trend in median home values over the last eight years may be encouraging. The median value soared from $293,000 in 2015 to $592,800 in 2022. This growth significantly outpaces both state and national averages; across Washington, values increased from $259,500 to $473,400 during the same period, while the national median saw a relatively modest rise from $125,500 to $179,400. Investors and potential homeowners might see this as indicative of strong local economic factors, making Snohomish County a potentially lucrative consideration.
Residential Energy Tax Credit Per Tax Return in Snohomish County, WA Over the Last 9 Years
Over the past nine years, Snohomish County, Washington has seen fluctuating trends in residential energy tax credits, reflecting periodic spikes and dips. Noteworthy peaks include 2018's remarkable $4050.00, which contrasts sharply with lower averages in surrounding years. Lately, the average credit tends to hover around $1000.00, suggesting ongoing interest in energy-efficient upgrades. This volatility indicates potential opportunities for investors and real estate agents focusing on green energy solutions and incentives.
Average Real Estate Taxes Per Tax Return in Snohomish County, WA Over the Last 10 Years
Over the past decade, Snohomish County, Washington has seen a significant rise in average real estate taxes per tax return, from around $3,798.10 in 2012 to approximately $6,556.37 in 2021. This notable increase suggests a potentially strong housing market, making it a point of interest for investors, appraisers, and insurance agents. The substantial jump in 2018, with taxes peaking at about $6,017.57, underscores periods of considerable property value growth in the area, and could indicate opportunities or risks for those considering investments or alterations to existing holdings.
Percentage of Farm Returns in Snohomish County, WA Over the Last 10 Years
There's been a general downward trend in the percentage of farm tax returns in Snohomish County, Washington, over the last decade, dipping from roughly 0.28% in 2012 to about 0.19% in 2021. This gradual decline might indicate evolving land use or shifts in the local agricultural economy. For potential investors and those considering building property in the area, these changes could suggest a transition away from traditional farming, potentially leading to more dynamic land development opportunities. Understanding farm tax return trends can provide insights into the economic health and industry movements within a community, which is crucial for making informed decisions about investments and future growth.
Number of Mortgages by Occupancy Type in Snohomish County, WA Over the Last 5 Years in Snohomish County
Snohomish County, Washington has experienced noticeable fluctuations in mortgage counts for different occupancy types over the past five years. There was a significant uptick in principal residence mortgages peaking in 2020 with 99,487, followed by a sharp decline to 45,217 in 2022, possibly reflecting broader economic shifts or housing market corrections. Investment property mortgages showed a peak in 2021 with 6,007, but they too saw a decline to 2,601 in 2022. Second residence mortgages have remained relatively low, dipping slightly from a high of 758 in 2021 to 349 in 2022. These changes in occupancy type are critical for investors, appraisers, real estate agents, and anyone keen on the county's real estate market, as they hint at varying demand for different types of housing, influencing property values, risk assessments, and market strategies.
Economic Outlook
Snohomish County, Washington, has demonstrated a notable surge in average taxable income per tax return, rising from $65,646.09 in 2013 to $107,928.62 in 2021, indicating growing affluence and economic robustness that could be attractive for real estate investors and developers. Alongside this, state and local income taxes have jumped significantly from $5,769.05 in 2012 to $12,460.82 in 2021, potentially reflecting higher incomes and shifting tax policies. The average total tax liability has... Read more
Average Taxable Income per Tax Return in Snohomish County, WA over the last 9 years
Snohomish County, Washington has shown a consistent rise in average taxable income per tax return over the last nine years, climbing from $65,646.09 in 2013 to $107,928.62 in 2021. This upward trend suggests a growing affluence in the area, which might be appealing for investors and real estate agents eyeing lucrative markets. Prospective residents and developers might also view these numbers as indicators of economic robustness, possibly correlating to better job opportunities and lifestyle quality. Appraisers and insurance agents may want to consider these income trends when evaluating property values and risk profiles in the region.
Average State and Local Income Taxes Per Tax Return in Snohomish County, WA Over the Last 10 Years
Snohomish County, Washington has seen a notable rise in average state and local income taxes per tax return over the last decade, jumping from around $5,769.05 in 2012 to approximately $12,460.82 in 2021. This steady increase, especially the sharp rise post-2016, could indicate various socioeconomic dynamics at play, making it a point of interest for investors, appraisers, insurance agents, and those in the real estate market. The significant uptick might also reflect rising incomes, changes in tax policy, or broader economic developments, impacting the cost of living and the financial landscape in the county.
Average Total Tax Liability Per Tax Return in Snohomish County, WA Over the Last 10 Years
Over the last decade, Snohomish County, Washington, has shown a consistent increase in average total tax liability per tax return. Starting at $9,866.75 in 2012, this figure steadily rose, hitting $18,500.34 by 2021. This upward trend suggests gradually increasing incomes and possibly changing tax policies in the area. For those looking to invest, these numbers could indicate a robust local economy. Real estate agents and developers might find this data indicative of a growing, financially healthy population, while appraisers and insurance agents should consider the rise in property values and associated risks.
Cost of Living in Snohomish County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $3,064 | $1,701 | $1,538 | $2,234 | $2,004 |
| 1 adult 4 children | $3,064 | $1,389 | $1,187 | $2,234 | $2,149 |
| 2 adults 3 children | $3,064 | $1,390 | $1,329 | $2,234 | $1,784 |
| 1 adult 3 children | $3,064 | $1,135 | $978 | $2,234 | $1,981 |
| 2 adults 2 children | $2,281 | $1,138 | $1,120 | $1,978 | $1,323 |
| 1 adult 2 children | $2,281 | $850 | $769 | $1,978 | $1,478 |
| 2 adults 1 child | $2,281 | $899 | $911 | $1,144 | $1,125 |
| 1 adult 1 child | $2,281 | $581 | $560 | $1,144 | $1,152 |
| 2 adults | $1,952 | $722 | $702 | $0 | $844 |
| 1 adult | $1,898 | $394 | $351 | $0 | $847 |
Safety trends & Data
Property crime in Snohomish County, Washington, has shown notable fluctuations, with larceny-theft peaking in 2019 at 2,825 incidents and burglary hitting a high in 2020 with 555 reports. Motor vehicle theft has seen higher numbers in 2019 (221) and 2020 (217), while vandalism reached a five-year high of 558 in 2022. A significant decrease was seen in embezzlement incidents, dropping to just 3 cases in 2020. These crime trends could potentially influence property values, insurance premiums, and... Read more
Property Crime Trends in Snohomish County, WA Over the Last 5 Years
Property crime in Snohomish County, Washington, shows variable trends over the past five years with notable fluctuations across different crime types. Larceny-theft consistently recorded the highest incidents, peaking in 2019 with 2825 occurrences. Burglary and motor vehicle theft also showed notable trends, with burglary peaking in 2020 at 555 reports and motor vehicle theft fluctuating but higher numbers in 2019 (221) and 2020 (217). Vandalism incidents increased, reaching a five-year high of 558 in 2022. Embezzlement had significant decreases, hitting a low of 3 in 2020. These crime trends could influence property values, insurance premiums, and overall desirability for investment or living.
Demographics
Snohomish County, Washington presents a balanced male and female adult population. The county's educational attainment shows a significant portion of residents with some college education or higher, suggesting a well-educated populace. Age distribution highlights a relatively young population with a sizable number in the 25 to 44-year range, which might indicate a robust working-age demographic. The racial composition is predominantly White, but there is notable diversity with significant Asian... Read more
Race Distribution in Snohomish County, Washington (2022)
Educational Attainment in Snohomish County, Washington (2022)
Age Distribution in Snohomish County, Washington
Citizen Population in Snohomish County, Washington (2022)
Political Trends & Data
Snohomish County, Washington, appears to lean towards the Democratic Party, with around 58.5% of the vote in the 2020 U.S. Presidential Election. Republicans got close to 38%, with Libertarians, Green Party, and other minor parties collectively holding a small vote fraction. This trend might indicate a growing Democratic influence in the area, although the presence of third-party candidates could still impact local political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Snohomish County, Washington, the 2020 U.S. Presidential Election might indicate a leaning towards the Democratic Party, given they received around 58.5% of the vote. Republicans garnered close to 38%, while minor party and independent candidates collectively accounted for a small fraction of the vote, including roughly 2.2% for Libertarians and less than 1% for both the Green Party and others. This suggests a potential trend towards Democratic support in the area, though third-party presence, while minimal, might still play a role in local dynamics.
37.93% of voters voted for the Republican party in the 2020 Presidential Election
58.51% of voters voted for the Democrat party in the 2020 Presidential Election
2.21% 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
0.90% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Snohomish County, Washington, has decreased from 23 in 2015 to around 18, although it remains above the national average of 14. This trend might signal potential educational infrastructure growth, impacting property values and area desirability. Investors and developers might see opportunities, while families and educators could weigh class sizes when considering the... Read more
Student-to-teacher ratio in Snohomish County, Washington over the last 9 years
The student-to-teacher ratio in Snohomish County, Washington, has seen a notable decrease from 23 in 2015 to around 18 in recent years, though there was a slight uptick in 2020 and 2023. Compared to the national average of 14 students per teacher, Snohomish County still has larger class sizes, which might impact the quality of individualized instruction and could be a consideration for families prioritizing education quality and for educators evaluating workload. Investors and developers might view this trend as a signal for potential educational infrastructure growth, while real estate agents and appraisers could see it as a factor influencing property values and desirability of the area.
