Bayfield County Real Estate and Livability Trends
Bayfield County, Wisconsin is seeing an appreciable rise in average taxable income, surging from $49,158.33 in 2013 to $74,009.48 in 2021, reflecting either a robust local economy or changing resident demographics. Real estate trends show a notable growth in median home values from $161,300 in 2015 to $214,700 in 2022, outpacing both state and national trends. Meanwhile, average state and local... Read more
Bayfield County Market Trends
Bayfield County, Wisconsin has experienced notable growth in median home values from $161,300 in 2015 to $214,700 in 2022, outpacing both state and national trends. Real estate taxes have seen a consistent rise from $3,795.15 in 2012 to $5,871.00 in 2021, with notable increases post-2016 indicating shifting property values or tax policies. Residential energy tax credits have fluctuated... Read more
Median Value of Occupied Housing Units in Bayfield County, Wisconsin Over the Last 8 Years
Bayfield County, Wisconsin has experienced substantial growth in median home values over the past eight years, rising from $161,300 in 2015 to $214,700 in 2022. This outpaces both the statewide increase in Wisconsin, which climbed from $165,800 to $231,400 in the same period, and the national trend that saw values go from $125,500 to $179,400. This upward trajectory could be appealing to investors and potential homeowners looking for property value appreciation.
Residential Energy Tax Credit Per Tax Return in Bayfield County, WI Over the Last 9 Years
Over the past nine years, Bayfield County, Wisconsin has shown substantial fluctuations in the average residential energy tax credit per tax return. Notably, there was a significant spike in 2018, with credits averaging $3,150.00, which could suggest increased adoption of energy-efficient upgrades during that year. By contrast, 2013 started with a modest average of $381.82, indicating that energy tax credits were initially lower. This variable trend reflects the county's evolving focus on residential energy efficiency, which may be of interest to potential investors and homeowners evaluating the area's commitment to sustainable practices.
Average Real Estate Taxes Per Tax Return in Bayfield County, WI Over the Last 10 Years
Real estate taxes per tax return in Bayfield County, Wisconsin have generally been on an upward trajectory over the past decade. Starting at approximately $3,795.15 in 2012, they experienced a steady rise, peaking at around $5,871.00 in 2021. Notable increments occurred post-2016, with a significant jump between 2018 and 2019, where taxes increased by almost $1,000.00. This trend may suggest evolving property values or tax policies, potentially impacting both new and existing homeowners, as well as investors and real estate agents forecasting future market conditions.
Percentage of Farm Returns in Bayfield County, WI Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Bayfield County, Wisconsin has modestly fluctuated. Starting from approximately 3.34% in 2012, there's been a slight peak near 3.64% in 2013 and 2014, followed by a gentle decline to around 2.84% by 2021. This trend provides insightful data for potential investors or property developers interested in the agricultural landscape of the region. Farm tax returns offer a glimpse into the economic vitality of local farms, indicating overall performance and viability which can be crucial for making informed decisions on property investments or development in the county.
Number of Mortgages by Occupancy Type in Bayfield County, WI Over the Last 5 Years in Bayfield County
Bayfield County, Wisconsin, has seen fluctuating numbers of mortgages across different occupancy types over the past five years. The trends suggest a notable increase in interest for principal residences, peaking at 963 in 2021, while also showing significant numbers for second residences, reaching 322 in 2020. The relatively lower but persistent interest in investment properties, varying between 24 and 74 mortgages annually, indicates sustained, albeit modest, demand. These shifts in occupancy types can impact local housing markets, influencing property values, community demographics, and potential rental income, key factors for investors, real estate agents, and anyone considering moving to or developing in Bayfield County.
Economic Outlook
Bayfield County, Wisconsin has experienced an appreciable rise in average taxable income per tax return from $49,158.33 in 2013 to $74,009.48 in 2021, hinting at a burgeoning local economy or changing resident demographics. Meanwhile, average state and local income taxes per tax return have surged, peaking at $17,174.19 in 2021, a marked increase from $6,004.66 in 2012. Similarly, average total tax liability per tax return has climbed from $6,948.15 in 2012 to $11,852.95 in 2021. These upward... Read more
Average Taxable Income per Tax Return in Bayfield County, WI over the last 9 years
Over the past nine years, Bayfield County, Wisconsin has seen a noticeable upward trend in average taxable income per tax return, climbing from $49,158.33 in 2013 to $74,009.48 in 2021. This could signify a growing local economy or shifts in the resident demographics. Such an increase may make Bayfield County more appealing for investors and real estate agents, while potentially altering property appraisals and insurance valuations. For those considering moving to the area, these trends may suggest enhanced economic opportunities or higher living standards, though it's always wise to look at the broader context.
Average State and Local Income Taxes Per Tax Return in Bayfield County, WI Over the Last 10 Years
Bayfield County, Wisconsin has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting at $6,004.66 in 2012, the values show a general upward trend, peaking at $17,174.19 in 2021. There are significant spikes in 2018 and 2021, suggesting particular economic or policy changes impacting tax liabilities. Such trends may influence decisions by potential investors, builders, and real estate agents considering the area, as well as residents assessing the financial landscape.
Average Total Tax Liability Per Tax Return in Bayfield County, WI Over the Last 10 Years
Bayfield County, Wisconsin has witnessed notable fluctuations in the average total tax liability per tax return over the last decade, ranging from $6,948.15 in 2012 to a significant rise of $11,852.95 in 2021. The general trend indicates a steady increase in tax liability, potentially reflecting economic growth and shifts in income or property values within the county. This information may be particularly relevant for potential investors and real estate agents, as it suggests a changing financial landscape that could impact property valuations and market dynamics. For those considering relocation or development, understanding these tax liabilities could influence budgeting and financial planning.
Cost of Living in Bayfield County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,119 | $1,432 | $2,004 | $1,537 | $1,451 |
| 1 adult 4 children | $1,119 | $1,169 | $1,533 | $1,537 | $1,616 |
| 2 adults 3 children | $1,119 | $1,170 | $1,738 | $1,537 | $1,191 |
| 1 adult 3 children | $1,119 | $955 | $1,267 | $1,537 | $1,341 |
| 2 adults 2 children | $836 | $957 | $1,472 | $1,332 | $955 |
| 1 adult 2 children | $836 | $715 | $1,002 | $1,332 | $991 |
| 2 adults 1 child | $836 | $757 | $1,207 | $666 | $828 |
| 1 adult 1 child | $836 | $489 | $736 | $666 | $728 |
| 2 adults | $694 | $608 | $941 | $0 | $636 |
| 1 adult | $683 | $332 | $471 | $0 | $584 |
Safety trends & Data
Over the last four years, Bayfield County, Wisconsin has had fluctuating property crime rates, notably reducing burglary incidents from 9 cases in 2018 to 3 cases in 2022, hinting at potentially improved safety measures. However, motor vehicle theft showed inconsistency, peaking at 7 cases in 2018 and then dropping significantly. The persistence of crimes like arson and fraud underlines the continued need for vigilance. These trends could impact property values, insurance costs, and the overall... Read more
Property Crime Trends in Bayfield County, WI Over the Last 4 Years
Over the last four years, Bayfield County, Wisconsin has exhibited fluctuating property crime trends. Burglary incidents showed a decline from 9 cases in 2018 to just 3 cases in 2022, suggesting improved security or preventive measures. Meanwhile, larceny-theft cases remained relatively stable, although other crimes like motor vehicle theft showed variability, spiking at 7 cases in 2018 but dropping significantly in 2019 before rising again. The presence of crimes like arson and fraud highlights an ongoing need for vigilance among residents and prospective investors. These trends may influence property valuation, insurance premiums, and the overall perception of safety in the area.
Demographics
In Bayfield County, Wisconsin, there is a slight gender imbalance, with males marginally outnumbering females. Educational attainment trends suggest a solid foundation, with a notable number of high school graduates and a significant portion reaching some college education or higher. The age distribution reveals an aging population, particularly concentrated in the 55 to 74-year-old brackets, reflecting regional demographic shifts. Racially, the county is predominantly White, with American... Read more
Race Distribution in Bayfield County, Wisconsin (2022)
Educational Attainment in Bayfield County, Wisconsin (2022)
Age Distribution in Bayfield County, Wisconsin
Citizen Population in Bayfield County, Wisconsin (2022)
Political Trends & Data
Bayfield County, Wisconsin, showed a potential Democratic leaning during the 2020 U.S. Presidential Election, with approximately 56% of the vote going to the Democratic candidate. The Republican candidate received around 42%, while minor parties had little influence, garnering less than 3% of votes collectively. This trend might mirror local demographic preferences or issues aligning with the Democratic platform at that... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bayfield County in Wisconsin displayed a notably higher preference for the Democratic candidate in the 2020 U.S. Presidential Election, with around 56% of the vote, compared to roughly 42% for the Republican candidate. Minor parties had a minimal impact, collectively accounting for less than 3% of the total votes. This could suggest a strong Democratic leaning in this county or a reflection of specific local issues or demographics that favored the Democratic platform during that election cycle.
42.44% of voters voted for the Republican party in the 2020 Presidential Election
56.50% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% of voters voted for the Livertarian party in the 2020 Presidential Election
0.06% of voters voted for the Green party in the 2020 Presidential Election
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bayfield County, Wisconsin consistently maintains a student-to-teacher ratio below the national average of 14:1, ranging from 9:1 in 2021 to 11:1 in 2014. This low ratio suggests smaller class sizes, which may enhance individual student attention and potentially improve educational outcomes. Such factors could attract families seeking personalized education experiences for their children, providing a strong talking point for real estate agents highlighting local community... Read more
Student-to-teacher ratio in Bayfield County, Wisconsin over the last 9 years
Bayfield County, Wisconsin has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher. Over the last nine years, the ratio ranged from a low of 9 students per teacher in 2021 to a high of 11 in 2014. This relatively low ratio could indicate smaller class sizes, potentially enhancing individual student attention and educational outcomes. A low student-to-teacher ratio might attract families seeking personalized educational experiences for their children and could be a point of interest for real estate agents showcasing local community benefits.
