Barron County Real Estate and Livability Trends
Barron County, Wisconsin is seeing noticeable economic movement with average taxable incomes climbing from $46,793.93 in 2013 to $64,678.83 in 2021. This jump marks it as a potential hotspot for investors and real estate agents even as state and local taxes have risen, reaching $9,296.10 in 2021. Median home values have also surged, reaching $182,600 in 2022, outpacing national growth. However,... Read more
Barron County Market Trends
Housing market trends in Barron County, Wisconsin reflect a steady increase in median home values, reaching $182,600 in 2022 from $134,100 in 2015, outpacing national growth rates but trailing state averages. Energy tax credits have seen sharp fluctuations, with a notable spike to $2950.00 in 2018, suggesting significant home energy improvements or policy shifts that may continue to impact... Read more
Median Value of Occupied Housing Units in Barron County, Wisconsin Over the Last 8 Years
Housing market trends in Barron County, Wisconsin show a consistent rise in median home values over the past eight years, reaching $182,600 in 2022 from $134,100 in 2015. This represents a higher growth rate compared to national figures, where the median value hit $179,400 in 2022 from $125,500 in 2015. However, state-level data for Wisconsin indicates even steeper increases, from $165,800 in 2015 to $231,400 in 2022. For potential investors or homebuyers, Barron County might offer a more stable yet promising market compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Barron County, WI Over the Last 9 Years
Barron County, Wisconsin, has experienced significant fluctuations in residential energy tax credits over the past nine years. While the average credit hovered between $262.50 and $338.24 from 2013 to 2016, there was a notable spike to $558.82 in 2017, and a dramatic increase to $2950.00 in 2018. This peak suggests a potential surge in energy-efficient home improvements or policy incentives during that period. Though the credits dipped again post-2018, they have generally remained above pre-2017 levels, with 2021 ending at $628.57. These trends might be worth considering for anyone investing in energy-efficient upgrades, as sharp increases in tax credits likely reflect broader shifts in homeowner behavior or governmental support.
Average Real Estate Taxes Per Tax Return in Barron County, WI Over the Last 10 Years
Real estate taxes in Barron County, Wisconsin, have shown a notable upward trend over the past decade. Starting at roughly $3,613.77 per tax return in 2012, there has been a gradual but significant increase, peaking in 2020 at about $5,537.08. The overall increase indicates a possible rise in property values or changes in tax policy. However, the slight decline to approximately $5,233.33 in 2021 might suggest stabilization or market corrections. For potential investors, builders, and real estate agents, these figures point to a dynamic property market with evolving financial implications.
Percentage of Farm Returns in Barron County, WI Over the Last 10 Years
Farm tax returns in Barron County, Wisconsin have been gradually declining over the last decade, from roughly 5.55% in 2012 to approximately 4.54% in 2021. These farm tax returns reflect the percentage of farm income filings relative to total income filings, indicating trends in agricultural activity and economic health. The slight uptick in 2021 could signal a potential rebound worth monitoring. Investors, property developers, and residents may look at these numbers to gauge the viability and health of agriculture as a sector, informing decisions on investments or developments in the rural economy of the county.
Number of Mortgages by Occupancy Type in Barron County, WI Over the Last 5 Years in Barron County
In Barron County, Wisconsin, the number of mortgages for principal residences surged steadily from 2018 to 2020, peaking at 2937 before beginning to decline. Investment properties and second residences experienced less volatility but similar trends, with the highest counts also around 2020. Such shifts in occupancy types suggest a fluctuating real estate market, which could affect property valuations, insurance rates, and investment opportunities. Changes in the dominance of principal residences versus other types can indicate broader economic and demographic trends that may influence the priorities of potential investors, developers, and buyers.
Economic Outlook
Barron County, Wisconsin, has experienced rising average taxable incomes, jumping from $46,793.93 in 2013 to $64,678.83 in 2021, potentially appealing to investors and real estate agents. However, the volatility such as a drop in 2019 and rising state and local taxes, from $6,459.27 in 2012 to $9,296.10 in 2021, indicates fiscal shifts that could impact investment strategies. Fluctuations in total tax liability, reaching $9,295.86 in 2021, reflect dynamic economic conditions, important for... Read more
Average Taxable Income per Tax Return in Barron County, WI over the last 9 years
Over the past nine years, Barron County, Wisconsin has seen a notable increase in average taxable incomes per tax return, rising from $46,793.93 in 2013 to $64,678.83 in 2021. This upward trend could indicate strengthening economic conditions, potentially making the area attractive for investors and real estate agents. However, there's a slight dip observed in 2019, suggesting some volatility that may require consideration for appraisers and insurance agents evaluating financial stability. These income patterns could also impact decisions for those planning to move to or develop property in the area.
Average State and Local Income Taxes Per Tax Return in Barron County, WI Over the Last 10 Years
Over the past decade, Barron County, Wisconsin has seen a notable increase in average state and local income taxes per tax return. From $6,459.27 in 2012 to $9,296.10 in 2021, the upward trend indicates growing tax obligations for residents. A significant jump appears between 2017 and 2018, with averages escalating from $6,366.80 to $9,121.11. This could suggest economic shifts or policy changes affecting tax rates. For potential investors or those considering a move, understanding these tax trends might influence financial planning and property investment strategies. This trend could be critical for appraisers, insurance agents, and real estate professionals working in the area.
Average Total Tax Liability Per Tax Return in Barron County, WI Over the Last 10 Years
Over the past decade, Barron County, Wisconsin has seen fluctuations in average total tax liability per return, starting from approximately $6,927.70 in 2012 to a peak of $9,295.86 in 2021. Notable trends include a consistent rise from 2016 to 2017, tapping the $8,225.41 mark, and a significant leap in 2021. This pattern suggests varying economic dynamics and possibly changes in income levels, potentially impacting real estate investment attractiveness and insurance assessments.
Cost of Living in Barron County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,109 | $1,488 | $2,163 | $1,411 | $1,452 |
| 1 adult 4 children | $1,109 | $1,215 | $1,656 | $1,411 | $1,594 |
| 2 adults 3 children | $1,109 | $1,216 | $1,875 | $1,411 | $1,181 |
| 1 adult 3 children | $1,109 | $992 | $1,369 | $1,411 | $1,307 |
| 2 adults 2 children | $883 | $995 | $1,588 | $1,230 | $968 |
| 1 adult 2 children | $883 | $743 | $1,081 | $1,230 | $990 |
| 2 adults 1 child | $883 | $786 | $1,301 | $641 | $856 |
| 1 adult 1 child | $883 | $508 | $794 | $641 | $742 |
| 2 adults | $671 | $632 | $1,014 | $0 | $639 |
| 1 adult | $613 | $345 | $507 | $0 | $559 |
Safety trends & Data
In Barron County, Wisconsin, property crime trends over the last five years have shown significant variability that could impact real estate investments. Larceny-theft peaked in 2019 with 185 arrests but declined to 83 by 2022, while burglary arrests hit a five-year high of 14 in 2022. Steady vandalism figures, around 30-40 arrests annually, and fluctuating fraud and forgery incidents could influence property values and insurance rates, making this information vital for potential investors and... Read more
Property Crime Trends in Barron County, WI Over the Last 5 Years
Over the last five years in Barron County, Wisconsin, there appears to be a noticeable fluctuation in property crime trends. Larceny-theft consistently high in occurrences, peaked in 2019 at 185 arrests, then gradually declined to 83 in 2022. Burglary arrests saw a slight increase, reaching a five-year high of 14 in 2022. Vandalism occurrences remained relatively steady, hovering around 30-40 arrests annually. Fraud and forgery/counterfeiting incidents varied but did not show significant spikes. These crime trends could affect property values and insurance rates, making this data crucial for investors, realtors, and residents.
Demographics
In Barron County, Wisconsin, the adult population is fairly balanced between males and females. Educational attainment varies, with a significant portion holding high school diplomas or some college education. The age distribution reveals a higher concentration of residents in the 55-64 years and under 10 years age brackets, which may indicate a growing population of both seniors and young families. Racial diversity exists but the community is predominantly White, with other races representing... Read more
Race Distribution in Barron County, Wisconsin (2022)
Educational Attainment in Barron County, Wisconsin (2022)
Age Distribution in Barron County, Wisconsin
Citizen Population in Barron County, Wisconsin (2022)
Political Trends & Data
In Barron County, Wisconsin, the 2020 Presidential Election results showed a marked preference for the Republican party, indicating a primarily conservative voter base. Although the Democratic party secured a sizable portion of the votes, they trailed behind significantly. The minimal support for third parties like the Libertarian and Green parties suggests that political leanings in Barron County could mirror those in other rural or small-town regions of the state, potentially impacting the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Barron County, Wisconsin, the 2020 U.S. Presidential Election results showed a strong leaning towards the Republican party, which may suggest a predominantly conservative voter base. The Democratic party accounted for a significant portion but was notably behind, while third parties like Libertarian and Green were minimally represented. This trend might reflect broader political inclinations in similar rural or small-town areas within the state.
62.35% of voters voted for the Republican party in the 2020 Presidential Election
36.27% of voters voted for the Democrat party in the 2020 Presidential Election
1.03% of voters voted for the Livertarian party in the 2020 Presidential Election
0.05% of voters voted for the Green party in the 2020 Presidential Election
0.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Barron County, Wisconsin's student-to-teacher ratios have surged from 14 in 2014 to over 38 in 2020, settling at around 26 in 2023, significantly above the national average of 14. This could suggest classroom overcrowding, potentially affecting local property values and attractiveness. These ratios might influence appraisals and insurance assessments due to perceived strains on educational resources. For those building property or considering a move, it hints at a possible need for educational... Read more
Student-to-teacher ratio in Barron County, Wisconsin over the last 9 years
Barron County, Wisconsin has experienced notable fluctuations in its student-to-teacher ratios over the past nine years, spiking dramatically from 14 students per teacher in 2014 to over 38 in 2020, before stabilizing around 26 in 2023. As a point of interest, the national average hovers at 14 students per teacher, making Barron County's higher ratios potentially significant for stakeholders. Investors and real estate agents might find these numbers indicative of classroom overcrowding, which could impact local property values and attractiveness. Higher ratios may also influence appraisals and insurance assessments due to perceived strains on educational resources. For those building property or considering a move, the increased ratios could signal a need for more educational infrastructure, while existing residents might see it as a call for advocating better educational policies locally.
