Dane County Real Estate and Livability Trends
Dane County, Wisconsin's real estate market has been characterized by a substantial 48.6% rise in median home values from $230,800 in 2015 to $342,900 in 2022, outpacing both state and national averages. Rising average taxable incomes and a corresponding increase in state and local income taxes hint at economic resilience but also suggest a higher financial commitment for residents, impacting the... Read more
Dane County Market Trends
Dane County, Wisconsin, has seen a remarkable 48.6% rise in median home values from $230,800 in 2015 to $342,900 in 2022, outpacing both state and national averages. The fluctuating residential energy tax credits, peaking at $2723.08 in 2018, suggest heightened investment in energy-efficient upgrades, influencing overall property values. Notably, real estate taxes have climbed from $5,758.06 in... Read more
Median Value of Occupied Housing Units in Dane County, Wisconsin Over the Last 8 Years
Over the last eight years, Dane County, Wisconsin, has seen its median home values rise from $230,800 in 2015 to $342,900 in 2022. This represents a sharper increase compared to the broader state of Wisconsin, where home values grew from $165,800 to $231,400 in the same period. Nationally, home values climbed from $125,500 in 2015 to $179,400 in 2022. This suggests that Dane County's real estate market has been considerably more robust than both the state and national averages, potentially making it an attractive target for investors and those considering relocation. The uptick in home values also hints at increased desirability and demand within Dane County, likely driven by local economic and demographic factors.
Residential Energy Tax Credit Per Tax Return in Dane County, WI Over the Last 9 Years
Over the past nine years, Dane County, Wisconsin has experienced a noticeable fluctuation in the average residential energy tax credit per tax return. Though the early years saw modest figures, the credit amount surged significantly from 2017 onwards, peaking notably in 2018 at $2723.08 and showing stability with a gradual increase up to $1667.51 in 2021. Such trends could suggest an increased investment in energy-efficient home upgrades, influencing property values and the insurance landscape. This evolving dynamic is pivotal for investors, real estate agents, and homeowners looking to understand the local market's approach to energy savings and sustainability.
Average Real Estate Taxes Per Tax Return in Dane County, WI Over the Last 10 Years
Dane County, Wisconsin has seen a consistent rise in average real estate taxes per tax return over the past decade, increasing from approximately $5,758.06 in 2012 to about $8,487.82 in 2021. This upward trend could indicate rising property values or shifts in tax policies. For investors, homebuyers, and professionals in the real estate sector, this data suggests a significant increase in property-related expenses, which could impact affordability and investment strategies in the area.
Percentage of Farm Returns in Dane County, WI Over the Last 10 Years
Farm tax returns in Dane County, Wisconsin, which indicate the percentage of income derived from farming activities, have shown a steady decline over the past decade. In 2012, around 1.09% of returns were farm-related, but by 2021 this had dropped to approximately 0.84%. This downtrend might suggest a shift in the local economy away from agriculture, potentially due to urbanization or diversification into other industries. This evolving landscape could be a crucial indicator for investors and those looking to build or move to the area, as it may impact future property values and the availability of agricultural opportunities.
Number of Mortgages by Occupancy Type in Dane County, WI Over the Last 5 Years in Dane County
In Dane County, Wisconsin, mortgage data over the last five years shows that principal residences dominate the market, with a notable increase in 2020 at 52,951. Investment properties and second residences have relatively lower and fluctuating counts, with investment properties peaking at 2,064 in 2021 but showing a decline thereafter. These shifts in occupancy type highlight potential market dynamics affluent to investors and homeowners, suggesting varying demand patterns and affecting property valuation, insurance premiums, and future development plans. Real estate agents and appraisers might consider these trends for pricing strategies, while insurers could adjust coverage offerings based on these occupancy types.
Economic Outlook
Dane County, Wisconsin's real estate market appears to be buoyed by rising average taxable incomes, which have grown from $70,679.77 in 2013 to $106,414.75 in 2021. Such income increases could hint at economic resilience and attractiveness for potential investors. However, the corresponding rise in average state and local income taxes, climbing from $7,586.67 in 2012 to $15,270.03 in 2021, suggests a higher financial commitment for residents, impacting overall cost of living and possibly... Read more
Average Taxable Income per Tax Return in Dane County, WI over the last 9 years
The data from Dane County, Wisconsin over the past nine years shows a steady increase in average taxable income, growing from approximately $70,679.77 in 2013 to around $106,414.75 in 2021. This upward trend in taxable income could indicate a resilient local economy and potentially attractive investment opportunities. Such an increase may appeal to real estate agents and appraisers looking to identify prosperous areas. For those considering moving to or living in the county, this data might suggest favorable economic conditions, while insurance agents might consider this upward trend when assessing risk and policy pricing.
Average State and Local Income Taxes Per Tax Return in Dane County, WI Over the Last 10 Years
Dane County, Wisconsin's average state and local income taxes per tax return have notably increased over the past decade, starting at approximately $7,586.67 in 2012 and reaching around $15,270.03 in 2021. This significant rise suggests a growing economic burden, likely influenced by factors such as increased income levels, higher state and local taxation rates, or broader fiscal policies. Potential investors or those moving to the area might need to account for these increasing tax liabilities when planning their finances. Real estate professionals, appraisers, and insurance agents may find this trend particularly relevant as it could impact property values and insurance premiums.
Average Total Tax Liability Per Tax Return in Dane County, WI Over the Last 10 Years
Over the past decade, Dane County, Wisconsin has seen a notable increase in the average total tax liability per tax return. Starting in 2012 at $11,779.96, it has steadily climbed to $19,125.17 in 2021. This pattern suggests a rising cost of living or income levels in the area, which could be relevant for those looking to invest in real estate or for appraisers assessing property values. Real estate agents and potential homeowners might find this trend indicative of a robust local economy, but it also implies higher financial commitments for residents.
Cost of Living in Dane County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,810 | $1,669 | $1,452 | $2,917 | $2,142 |
| 1 adult 4 children | $1,810 | $1,363 | $1,115 | $2,917 | $2,307 |
| 2 adults 3 children | $1,810 | $1,363 | $1,257 | $2,917 | $1,906 |
| 1 adult 3 children | $1,810 | $1,113 | $921 | $2,917 | $2,115 |
| 2 adults 2 children | $1,378 | $1,116 | $1,063 | $2,562 | $1,470 |
| 1 adult 2 children | $1,378 | $834 | $726 | $2,562 | $1,599 |
| 2 adults 1 child | $1,378 | $882 | $868 | $1,409 | $1,100 |
| 1 adult 1 child | $1,378 | $570 | $531 | $1,409 | $1,109 |
| 2 adults | $1,183 | $709 | $673 | $0 | $721 |
| 1 adult | $1,007 | $387 | $337 | $0 | $630 |
Safety trends & Data
Dane County, Wisconsin, has seen a significant decline in property crime over the past five years. Larceny-Theft incidents dropped from 2,288 in 2018 to 1,272 in 2022, while Forgery and Counterfeiting cases decreased from 241 to 94. Despite some slight fluctuations in Motor Vehicle Theft, which hovered around 200 cases annually, overall reductions in Burglary and Vandalism were observed. This decline in property crime could influence local insurance rates, property values, and perceptions of... Read more
Property Crime Trends in Dane County, WI Over the Last 5 Years
Over the past five years in Dane County, Wisconsin, property crime trends show a notable decrease in Larceny-Theft incidents, dropping from 2,288 in 2018 to 1,272 in 2022. Motor Vehicle Theft has fluctuated but seemed to hover around 200 cases annually. Crimes like Burglary and Vandalism also saw some reduction, while the number of Arson cases remained relatively low with slight variability. An unexpected trend is the reduction in Forgery and Counterfeiting cases, notably decreasing from 241 in 2018 to 94 in 2022. For those considering investments, appraisals, or relocating, these changing crime patterns could impact insurance rates, property values, and general safety perceptions.
Demographics
Dane County, Wisconsin displays a slight edge in the number of females over males in its adult population. The county shows a diverse range of educational attainment, with a noteworthy proportion holding bachelor's degrees and graduate degrees, which may suggest a relatively well-educated populace. The age distribution reflects a balanced mix across various age groups, potentially indicating stable generational transitions. However, the racial composition remains predominantly White, with... Read more
Race Distribution in Dane County, Wisconsin (2022)
Educational Attainment in Dane County, Wisconsin (2022)
Age Distribution in Dane County, Wisconsin
Citizen Population in Dane County, Wisconsin (2022)
Political Trends & Data
Dane County, Wisconsin, exhibited a pronounced Democratic tilt in the 2020 U.S. Presidential Election, capturing an estimated 75.5% of the vote for Democratic candidates. Republicans secured around 22.9%, pointing to a notable partisan divide. Minor parties, such as Libertarians and Greens, received minimal support, reflecting a voter preference for major... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Dane County, Wisconsin, exhibited a strong leaning towards Democratic candidates in the 2020 U.S. Presidential Election, with an estimated 75.5% of the vote. Republicans captured roughly 22.9% of the electorate, suggesting a significant partisan divide. Minor parties, including Libertarians and Greens, together garnered only a small fraction of the vote, highlighting a potential voter preference for major parties in the region.
22.85% of voters voted for the Republican party in the 2020 Presidential Election
75.46% of voters voted for the Democrat party in the 2020 Presidential Election
1.06% 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
0.56% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Dane County, Wisconsin, the student-to-teacher ratio has seen a dramatic change, dipping from a peak of 27 students per teacher in 2018 to just 13 by 2023. For families considering relocation, this trend may signal improved educational quality and more personalized instruction, thereby making properties in the area potentially more appealing. This could positively influence market values, useful information for real estate agents, developers, appraisers, and insurance agents alike. With... Read more
Student-to-teacher ratio in Dane County, Wisconsin over the last 9 years
In Dane County, Wisconsin, the student-to-teacher ratio has seen significant fluctuations over the past nine years, peaking at 27 students per teacher in 2018 and then steadily decreasing to 13 students per teacher by 2023. This trend towards lower ratios could suggest improved educational quality and more personalized instruction, making it potentially more attractive for families considering relocation. For real estate agents and developers, the data indicates that properties in the area might become more desirable, influencing market values positively. Appraisers and insurance agents might also find these figures useful, as better educational services could impact property assessments and insurance rates. Even though the current ratio is below the national average of 14 students per teacher, it's always worth noting that these numbers can change and impact various stakeholders in different ways.
