Yakima County Market Trends
Yakima County's real estate market trends reveal significant home value growth, rising from $158,200 in 2015 to $254,700 in 2022. Although these figures are below Washington’s median, they surpass the national average, suggesting strong growth potential without Washington's higher price tags. Residential energy tax credits peaked at $5,118.87 in 2018, indicating sporadic investment in... Read more
Median Value of Occupied Housing Units in Yakima County, Washington Over the Last 8 Years
Yakima County's median home values have seen consistent growth over the last eight years, skyrocketing from $158,200 in 2015 to $254,700 in 2022. While these values are significantly lower than Washington state's median, which peaked at $473,400 in 2022, they still outpaced the national average, which reached $179,400 in the same year. This upward trend makes Yakima County an appealing option for investors and new residents looking for growth potential without the hefty price tags seen in other areas of Washington.
Residential Energy Tax Credit Per Tax Return in Yakima County, WA Over the Last 9 Years
Yakima County, Washington has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years, peaking at $5,118.87 in 2018. This volatility suggests varying levels of investment in energy-efficient home upgrades, which could impact property values and attractiveness for potential buyers. Real estate agents, appraisers, and investors might find these trends indicative of a growing interest in sustainable practices, but the inconsistency implies a need for careful analysis before making commitments. Homeowners and insurance agents may wish to consider the implications on property appraisals and premiums.
Average Real Estate Taxes Per Tax Return in Yakima County, WA Over the Last 10 Years
Yakima County, Washington has seen fluctuating average real estate taxes per tax return over the past decade, with a noticeable spike around 2018 when taxes jumped from approximately $3,217.49 in 2017 to $4,516.38 in 2018. Although there's been some volatility, with values peaking at $5,098.31 in 2020, the average tax amount has remained relatively high in recent years, slightly dipping to $4,918.44 in 2021. This uptick in tax amounts might reflect changing property values or shifts in county tax policies, and it could have implications for homebuyers, investors, and real estate professionals monitoring the area's financial landscape.
Percentage of Farm Returns in Yakima County, WA Over the Last 10 Years
Over the last decade, Yakima County, Washington, has experienced a gradual but noticeable decline in the percentage of farm tax returns, from around 2.14% in 2012 to approximately 1.46% in 2021. Farm tax returns indicate the proportion of tax filings from agricultural operations, reflecting the vitality and scale of the farming sector. This trend might suggest a shift away from traditional farming or could be indicative of consolidation in the industry. For potential investors, developers, and residents, these trends might signal evolving economic conditions, potentially influencing land value and development opportunities in the region.
Number of Mortgages by Occupancy Type in Yakima County, WA Over the Last 5 Years in Yakima County
Yakima County, Washington has seen noticeable shifts in mortgage trends over the past five years, particularly for principal residences, which have shown substantial increases, peaking in 2021 at 14,142 mortgages. Meanwhile, investment properties and second residences have remained comparatively stable, though there has been a slight decline in investment property mortgages from 884 in 2021 to 656 in 2022. These variations play a significant role for investors and property developers, indicating potential shifts in housing demand and future valuation trends. For appraisers and insurance agents, understanding occupancy type changes can lead to more accurate risk assessments and property valuations. Real estate agents and those looking to move to the area should consider these trends to better forecast market demands and investment opportunities.
Economic Outlook
In Yakima County, Washington, average taxable income per tax return has shown a marked increase over the past nine years, growing from $48,062.63 in 2013 to $64,959.04 in 2021. Significant income growth may hint at economic resilience or emerging opportunities, drawing interest from investors and real estate professionals. Concurrently, average state and local income taxes have nearly doubled to $8,144.83 by 2021, reflecting either rising incomes or changes in tax policy. Average total tax... Read more
Average Taxable Income per Tax Return in Yakima County, WA over the last 9 years
Yakima County, Washington has experienced a generally upward trend in average taxable income per tax return over the past nine years. Starting at approximately $48,062.63 in 2013, there's been notable growth peaking in 2021 at roughly $64,959.04. Key fluctuations include a significant rise between 2017 and 2018, climbing by nearly $4,400.00, and another remarkable surge from 2020 to 2021, jumping by around $10,400.00. This growth could potentially signal economic resilience or burgeoning opportunities in the region, piquing the interest of investors, insurance agents, and real estate professionals.
Average State and Local Income Taxes Per Tax Return in Yakima County, WA Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Yakima County, Washington have risen significantly, moving from $4,746.15 in 2012 to $8,144.83 in 2021. Noticeable upticks occurred particularly in recent years, with a marked increase in 2021. This upward trend could be indicative of rising income levels or changes in tax policies and might influence decisions for potential investors or residents considering the area. For appraisers and real estate agents, this data suggests a dynamic fiscal environment that could impact property values.
Average Total Tax Liability Per Tax Return in Yakima County, WA Over the Last 10 Years
Over the past decade, Yakima County, Washington, has seen fluctuations in the average total tax liability per tax return, peaking in 2021 at approximately $9,789.51 and hitting lows around 2019 and 2020, with values near $8,406.03 and $8,407.10, respectively. Noteworthy dips occurred around 2014 through 2016, suggesting variability that potential investors, property developers, and real estate agents should be aware of when assessing financial commitments or advising clients. This trend indicates potential changes in local economic conditions or tax policies that could impact overall financial planning for both residents and businesses.
Cost of Living in Yakima County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,616 | $1,464 | $1,578 | $1,525 | $1,015 |
| 1 adult 4 children | $1,616 | $1,195 | $1,218 | $1,525 | $1,178 |
| 2 adults 3 children | $1,616 | $1,196 | $1,364 | $1,525 | $842 |
| 1 adult 3 children | $1,616 | $976 | $1,003 | $1,525 | $974 |
| 2 adults 2 children | $1,137 | $979 | $1,149 | $1,361 | $678 |
| 1 adult 2 children | $1,137 | $731 | $789 | $1,361 | $654 |
| 2 adults 1 child | $1,137 | $774 | $935 | $828 | $654 |
| 1 adult 1 child | $1,137 | $500 | $575 | $828 | $570 |
| 2 adults | $864 | $622 | $720 | $0 | $511 |
| 1 adult | $858 | $339 | $360 | $0 | $472 |
Safety trends & Data
Property crime in Yakima County, Washington has shown ups and downs over the past five years, particularly in areas like larceny-theft and motor vehicle theft. Larceny-theft saw a peak in 2018 with 1,148 incidents but dipped to 665 cases in 2021, only to rise to 918 in 2022. Burglary numbers were generally lower but ticked up again in 2022 with 202 cases. Motor vehicle theft notably spiked in 2020 with 100 incidents. Vandalism also peaked in 2020 with 395 cases, hinting at ongoing property... Read more
Property Crime Trends in Yakima County, WA Over the Last 5 Years
Property crime in Yakima County, Washington has demonstrated variable trends over the past five years. Larceny-theft, consistently the most prevalent crime, peaked in 2018 with 1,148 incidents but showed fluctuations, dropping to 665 cases in 2021 before rising again to 918 in 2022. Burglary numbers, generally lower than larceny-theft, showed a resurgence in 2022 with 202 cases after a previous decrease. Motor vehicle theft witnessed a notable rise, peaking in 2020 with 100 incidents. Vandalism, though steadily present, had its highest count in 2020 at 395 cases, potentially signaling persistent issues in community property maintenance. For investors and property developers, these crime patterns could influence decisions regarding property enhancements and security investments.
Demographics
Yakima County, Washington, shows a relatively balanced adult gender distribution with slightly more females than males. The area's educational attainment levels indicate that a significant portion of the adult population has either a high school diploma or some college experience, while fewer have obtained higher educational degrees. Age distribution suggests a notable proportion of young residents under 10 years old, with a gradual decline in older age groups. Racially, the county is... Read more
Race Distribution in Yakima County, Washington (2022)
Educational Attainment in Yakima County, Washington (2022)
Age Distribution in Yakima County, Washington
Citizen Population in Yakima County, Washington (2022)
Political Trends & Data
Yakima County in Washington shows mixed political leanings, with Republicans potentially leading by a narrow margin at roughly 52.60%, while Democrats follow closely at nearly 44.90%. Minor parties like the Libertarians and Greens appear to exert relatively limited influence, collectively garnering less than 2% of the vote. This distribution might suggest a predominantly two-party dynamic with slight third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Yakima County in Washington shows mixed political leanings, with Republicans potentially leading by a narrow margin at roughly 52.6%, while Democrats follow closely at nearly 44.9%. Minor parties like the Libertarians and Greens appear to have relatively limited influence, collectively garnering less than 2% of the vote. This distribution might suggest a predominantly two-party dynamic with slight third-party presence.
52.56% of voters voted for the Republican party in the 2020 Presidential Election
44.89% of voters voted for the Democrat party in the 2020 Presidential Election
1.48% of voters voted for the Livertarian party in the 2020 Presidential Election
0.33% of voters voted for the Green party in the 2020 Presidential Election
0.74% of voters voted for the Other party in the 2020 Presidential Election
School Data
Yakima County, Washington has seen its student-to-teacher ratio fluctuate over the past nine years, hitting over 30 students per teacher in 2020 due to COVID-19. While it has improved since then, it remains above the national average at around 23 students per teacher. These higher ratios could signal challenges for the local education system, potentially impacting property values and making the county less attractive for families and educational... Read more
Student-to-teacher ratio in Yakima County, Washington over the last 9 years
Yakima County, Washington has seen fluctuations in its student-to-teacher ratio over the past nine years. The ratio has generally hovered around 18 to 20 students per teacher, but a significant spike occurred in 2020, reaching over 30 students per teacher, likely due to the impacts of the COVID-19 pandemic. Despite some improvement, the ratio has remained higher than the national average of 14 students per teacher, settling around 23 students per teacher in recent years. This trend might signal challenges in the education system, potentially affecting new residents, investors, and educational stakeholders considering the area. Higher student-to-teacher ratios can influence property values, insurance assessments, and the overall attractiveness of the county for families.
