Thurston County Real Estate and Livability Trends
Thurston County, Washington has experienced a notable rise in median home values from $239,400 in 2015 to $411,700 in 2022, a trend outpacing the national growth rate but still slightly below the state average. Higher average real estate taxes suggest increased property values and operating costs, potentially impacting investment decisions. Economic conditions appear favorable with average... Read more
Thurston County Market Trends
Thurston County, Washington has seen its median home value rise from $239,400 in 2015 to $411,700 in 2022, outpacing the national trend but remaining slightly below the state average. The noticeable increase in residential energy tax credits per tax return, especially in 2018, could signal a community shift towards sustainability, influencing market attractiveness. Additionally, average real... Read more
Median Value of Occupied Housing Units in Thurston County, Washington Over the Last 8 Years
Over the past eight years, the median home value in Thurston County, Washington has shown a steady increase from $239,400 in 2015 to $411,700 in 2022. This growth outpaced the national trend moving from $125,500 to $179,400, suggesting a strong local market compared to the broader U.S. Meanwhile, statewide figures show Washington climbing from $259,500 to $473,400, positioning Thurston County's housing market as competitive, yet slightly below the state average. These trends could indicate a robust investment opportunity or could signal rising living costs for prospective homeowners in the county.
Residential Energy Tax Credit Per Tax Return in Thurston County, WA Over the Last 9 Years
Over the last nine years, Thurston County in Washington has seen a fluctuating yet generally rising trend in residential energy tax credits per tax return. Notably, 2018 witnessed a significant spike to $3,939.13, which was the highest peak, possibly indicating increased adoption of energy-efficient installations or enhanced government incentives that year. This trend matters for potential investors, appraisers, and real estate agents as it could reflect a growing community emphasis on sustainability, impacting property values and market attractiveness. For residents and those moving to this area, this data point might hint at opportunities for future energy savings and available financial incentives for upgrading homes.
Average Real Estate Taxes Per Tax Return in Thurston County, WA Over the Last 10 Years
Thurston County, Washington has seen a notable increase in average real estate taxes per tax return over the past decade, with a jump from $3,531.79 in 2012 to $6,069.29 in 2021. This rapid growth, especially the sharp rise between 2017 and 2018, reflects potential shifts in property values and local tax policies. For potential investors and real estate agents, this trend suggests a maturing property market with possibly higher operating costs. Those considering moving to or building in Thurston County should be aware of the rising tax obligations when planning their finances.
Percentage of Farm Returns in Thurston County, WA Over the Last 10 Years
In Thurston County, Washington, the percentage of farm tax returns over the past decade has shown a gradual decline from approximately 0.66% in 2012 to around 0.48% in 2021. This suggests that fewer farms are likely filing returns, potentially hinting at a shift in the local agricultural landscape. These farm tax returns play a crucial role in understanding the economic health and viability of farming in the area, possibly impacting decisions for potential investors or those considering agricultural ventures. Consequently, those interested in the region should consider these trends when evaluating the long-term sustainability and growth prospects of the local farming industry.
Number of Mortgages by Occupancy Type in Thurston County, WA Over the Last 5 Years in Thurston County
Mortgage trends in Thurston County, Washington reveal a significant fluctuation in principal residence mortgages, peaking in 2020 and showing a considerable decline by 2022. Investment property and second residence mortgages, while fewer, exhibit similar variability. These shifts could suggest changes in housing demand dynamics, impacting investment strategies and market evaluations. Local and out-of-state investors might find these patterns particularly useful for anticipating future property value changes and potential rental market opportunities. Appraisers and insurance agents can also leverage this data to adjust risk assessments and valuation models accordingly, aligning with the evolving landscape of homeownership and property use in the county. Real estate agents and developers may need to pivot their approaches based on these insights, catering to the nuanced demands of primary versus secondary and investment properties.
Economic Outlook
Thurston County, Washington has seen a consistent rise in average taxable income per tax return, moving from $57,882.96 in 2013 to $85,703.92 in 2021, suggesting better economic conditions and potentially making it an attractive spot for real estate investments. However, notable fluctuations in state and local income taxes, peaking at $10,302.94 in 2019 and stabilizing around $9,020.79 in 2021, might reflect changing economic policies impacting financial planning. The average total tax... Read more
Average Taxable Income per Tax Return in Thurston County, WA over the last 9 years
Thurston County, Washington has shown a consistent increase in average taxable income per tax return over the past nine years, rising from $57,882.96 in 2013 to $85,703.92 in 2021. This upward trend suggests a growing economic health in the area, potentially making it an attractive locale for real estate investments and new residents seeking financial stability. Builders and insurance agents might also find interest in this growth, indicative of a solid economic base and potentially less risk. Real estate agents and appraisers could leverage this information to suggest increased property values and capitalize on the area's rising affluence.
Average State and Local Income Taxes Per Tax Return in Thurston County, WA Over the Last 10 Years
Over the past decade, Thurston County, Washington has seen notable fluctuations in average state and local income taxes per tax return. There was a steady increase from $4,791.08 in 2012 to $6,460.92 by 2015, followed by a more dramatic rise to $8,885.58 in 2017. Taxes peaked sharply at $10,302.94 in 2019 before stabilizing around $9,194.62 to $9,020.79 through 2020 and 2021. For those considering investments, building, or relocating, this volatility may suggest shifts in local economic policies and living costs, potentially impacting financial planning and budget considerations.
Average Total Tax Liability Per Tax Return in Thurston County, WA Over the Last 10 Years
For the past decade, Thurston County in Washington has seen a consistent rise in average total tax liability per tax return. From around $8,400.56 in 2012, the figure has steadily climbed, reaching approximately $12,806.47 by 2021. This trend could indicate growing incomes or possible changes in tax policies, making it a critical factor for potential investors, appraisers, or those looking to move into the area. Of note, the significant jump from 2020 to 2021 might suggest recent economic shifts or adjustments affecting residents' tax burdens.
Cost of Living in Thurston County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,069 | $1,657 | $1,607 | $1,828 | $1,431 |
| 1 adult 4 children | $2,069 | $1,353 | $1,240 | $1,828 | $1,610 |
| 2 adults 3 children | $2,069 | $1,354 | $1,388 | $1,828 | $1,202 |
| 1 adult 3 children | $2,069 | $1,105 | $1,022 | $1,828 | $1,368 |
| 2 adults 2 children | $1,456 | $1,108 | $1,170 | $1,624 | $888 |
| 1 adult 2 children | $1,456 | $828 | $803 | $1,624 | $946 |
| 2 adults 1 child | $1,456 | $876 | $952 | $960 | $814 |
| 1 adult 1 child | $1,456 | $566 | $585 | $960 | $752 |
| 2 adults | $1,245 | $703 | $733 | $0 | $650 |
| 1 adult | $1,127 | $384 | $367 | $0 | $549 |
Safety trends & Data
Thurston County, Washington, has seen a notable decrease in burglary and larceny-theft incidents over the last five years, with burglary dropping from 218.00 in 2018 to 109.00 in 2022, and larceny-theft dropping from 846.00 in 2018 to 443.00 in 2022. Motor vehicle thefts have remained somewhat steady, reflecting minor yearly variations. Vandalism shows a slight downward trend, yet crimes like arson and stolen property offenses have increased towards 2022. These shifts in the property crime... Read more
Property Crime Trends in Thurston County, WA Over the Last 5 Years
Over the last five years, Thurston County, Washington, has experienced fluctuations in various property crimes. Notably, burglary incidents have decreased from 218.0 in 2018 to 109.0 in 2022. Larceny-theft, consistently high, peaked at 846.0 in 2018 but dropped significantly to 443.0 by 2022. Motor vehicle thefts have remained somewhat steady with minor yearly variations. Vandalism cases also show a slight downward trend. On the other hand, certain crimes like arson and stolen property offenses show an increase toward 2022. This evolving crime landscape provides essential insights for investors, real estate agents, and residents to gauge property risk and neighborhood safety effectively.
Demographics
Thurston County, Washington, shows a nearly balanced adult gender population with slightly more females than males. Highlights include a significant proportion of residents having attended some college without completing a degree and a large number of high school graduates. The age distribution suggests a diverse range, with a notable concentration in the 25 to 34-year bracket. The racial composition is predominantly White, followed by Asian and Black or African American communities. These... Read more
Race Distribution in Thurston County, Washington (2022)
Educational Attainment in Thurston County, Washington (2022)
Age Distribution in Thurston County, Washington
Citizen Population in Thurston County, Washington (2022)
Political Trends & Data
Thurston County, Washington, demonstrated a marked preference for Democratic candidates in the 2020 Presidential Election, with Democratic votes likely outpacing Republican votes by a significant margin. Minor parties such as Libertarian and Green only secured a minimal portion of the total vote. This trend could suggest a robust liberal influence in the area, potentially shaping future local policies and political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Thurston County in Washington showed a notable leaning towards Democratic preferences in the 2020 Presidential Election, with Democratic votes presumably surpassing Republican votes by a fair margin. Libertarian and Green parties, along with others, only captured a small fraction of the vote. This distribution might indicate a strong liberal influence within the county, possibly impacting future local policies and political dynamics.
38.82% of voters voted for the Republican party in the 2020 Presidential Election
57.46% 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
0.58% of voters voted for the Green party in the 2020 Presidential Election
0.93% of voters voted for the Other party in the 2020 Presidential Election
School Data
Thurston County, Washington has reduced its student-to-teacher ratio from 20 in 2015 to around 18 in 2023, indicating a possible prioritization of education. Although it’s still above the national average of 14, this could hint at more stable long-term property values. This ongoing investment in education might make the area more appealing to families and boost property... Read more
Student-to-teacher ratio in Thurston County, Washington over the last 9 years
Thurston County, Washington has seen its student-to-teacher ratio gradually decrease from 20 students per teacher in 2015 to around 18 in 2023. This trend suggests a move towards smaller class sizes, although the county still remains above the national average of 14 students per teacher. For investors, this could indicate a prioritization of education and potentially more stable long-term property values. Those looking to move to the area may find the improving ratios appealing for their children’s education. Real estate agents and appraisers might consider the steady improvement as an indicator of a positive community investment in education, which could make properties more attractive.
