Door County Real Estate and Livability Trends
Door County, Wisconsin has experienced a surge in average taxable income per tax return from $55,686.66 in 2013 to $95,414.21 in 2021, implying substantial economic growth that could attract investors and drive up property values. The median home value has notably risen from $194,100 in 2015 to $273,300 in 2022, far surpassing state and national averages. Increased investments in energy-efficient... Read more
Door County Market Trends
Door County, Wisconsin's median home value has climbed from $194,100 in 2015 to $273,300 in 2022, notably outpacing both the state and national growth rates. The rise in residential energy tax credits, peaking at $700.00 in 2021, points to increased homeowner investments in energy-efficient upgrades. Real estate taxes have surged from around $4,296.36 in 2012 to approximately $7,600.00 in 2021,... Read more
Median Value of Occupied Housing Units in Door County, Wisconsin Over the Last 8 Years
Door County, Wisconsin has seen its median home value consistently increase over the past eight years, from $194,100 in 2015 to $273,300 in 2022, which suggests a robust market. When compared to the state of Wisconsin, where the median home value grew from $165,800 to $231,400 in the same period, Door County's property values have experienced more acceleration. Nationally, the median home value went from $125,500 to $179,400, indicating that Door County remains a more expensive and possibly more desirable locale. This market trend might imply higher demand and potential for value appreciation for both investors and homeowners.
Residential Energy Tax Credit Per Tax Return in Door County, WI Over the Last 8 Years
In Door County, Wisconsin, the average residential energy tax credit per tax return showed a noticeable upward trend over the past eight years, peaking at $700.00 in 2021. This could suggest homeowners' heightened investment in energy-efficient improvements. The significant increase since 2016, especially the jump to $547.62 in 2019, may imply growing awareness and utilization of energy-saving incentives. For potential investors and property developers, this trend highlights an increasing demand for sustainable home features, which could impact property values and local market dynamics. Insurance agents and real estate professionals might consider these energy improvements in their assessments and recommendations, reflecting a community with a possible focus on long-term savings and environmental sustainability.
Average Real Estate Taxes Per Tax Return in Door County, WI Over the Last 10 Years
Over the past decade, Door County, Wisconsin has seen a notable increase in average real estate taxes per tax return, rising from approximately $4,296.36 in 2012 to about $7,600.00 in 2021. This upward trend, especially the sharp rise after 2017, suggests increasing property values or taxation rates which could impact property investments, insurance costs, and the overall appeal of the area for new residents. The surge to over $7,000 in the last few years particularly indicates significant economic or policy shifts influencing the real estate landscape.
Percentage of Farm Returns in Door County, WI Over the Last 10 Years
Farm tax returns in Door County, Wisconsin have shown a general declining trend over the past decade. Starting from 3.42% in 2012, the percentage saw a modest increase to 3.62% in 2013 before gradually decreasing to 2.41% by 2021. This dip could potentially reflect challenges within the agricultural sector or shifts towards other forms of income. For prospective investors, builders, or newcomers, understanding these shifts can provide insights into local economic dynamics and potential opportunities for diversification or support initiatives.
Number of Mortgages by Occupancy Type in Door County, WI Over the Last 5 Years in Door County
Over the last five years, Door County, Wisconsin has seen fluctuating numbers in mortgages across different occupancy types, with principal residences consistently leading in volume. The peak for principal residences occurred in 2020 with 2,162 mortgages, while investment and second residences saw their highest counts in 2021 with 169 and 836 respectively. Such variations can influence investment decisions, as trends in occupancy types might impact property values, rental demand, and local economic activity. This matters for individuals interested in real estate investment, appraisals, or relocation, providing insight into local market conditions and potential growth areas.
Economic Outlook
Door County, Wisconsin, has seen its average taxable income per tax return nearly double from $55,686.66 in 2013 to $95,414.21 in 2021, signaling robust economic growth that could attract investors and raise property values. The average state and local income taxes per tax return also more than doubled over the past decade, particularly spiking between 2017 and 2018, perhaps reflecting increased wages or tax policy changes. Additionally, the average total tax liability per tax return rose... Read more
Average Taxable Income per Tax Return in Door County, WI over the last 9 years
Door County, Wisconsin has witnessed a significant rise in average taxable income per tax return over the past nine years, nearly doubling from $55,686.66 in 2013 to $95,414.21 in 2021. This upward trend may attract potential investors, real estate agents, and developers, indicating a growing economic vitality within the area. Additionally, these figures could prompt higher property values, influencing appraisals and insurance premiums, as both local wages and overall prosperity increase. For those considering relocation or investments, Door County appears to offer robust financial growth potential in the near term.
Average State and Local Income Taxes Per Tax Return in Door County, WI Over the Last 10 Years
The average state and local income taxes per tax return in Door County, Wisconsin, have seen a notable increase over the past decade. From 2012's $6,239.09 to 2021's $18,439.05, taxes have more than doubled, with a significant spike observed between 2017 and 2018 when they surged from $7,876.22 to $13,476.92. This trend may interest those looking to invest or move to the area, as it could suggest rising income levels or changes in tax policy impacting homeowners and businesses. Understanding these fluctuations is crucial for appraisers, insurance agents, and real estate professionals as they navigate the local market dynamics.
Average Total Tax Liability Per Tax Return in Door County, WI Over the Last 10 Years
Door County, Wisconsin has seen a gradual increase in average total tax liability per tax return over the last decade, with a notable uptick from $8,953.97 in 2012 to $16,683.06 in 2021. This prolonged rise could reflect growing property values and economic activity, making it significant for potential investors and real estate agents eyeing the region. Adjustments in tax policies and economic factors might also be contributing to these trends, likely impacting appraisers and insurance agents in their assessments and policy underwriting processes. Those planning to move to or currently residing in Door County should consider these financial dynamics when making property decisions.
Cost of Living in Door County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,164 | $1,584 | $1,857 | $1,419 | $1,422 |
| 1 adult 4 children | $1,164 | $1,294 | $1,420 | $1,419 | $1,580 |
| 2 adults 3 children | $1,164 | $1,294 | $1,612 | $1,419 | $1,157 |
| 1 adult 3 children | $1,164 | $1,057 | $1,174 | $1,419 | $1,301 |
| 2 adults 2 children | $951 | $1,060 | $1,366 | $1,230 | $959 |
| 1 adult 2 children | $951 | $791 | $929 | $1,230 | $994 |
| 2 adults 1 child | $951 | $837 | $1,120 | $615 | $845 |
| 1 adult 1 child | $951 | $541 | $683 | $615 | $742 |
| 2 adults | $726 | $673 | $875 | $0 | $637 |
| 1 adult | $721 | $367 | $437 | $0 | $584 |
Safety trends & Data
Recent trends in Door County, Wisconsin show fluctuating property crime rates over the past five years. Larceny-theft incidents peaked in 2019 with 64 reported cases but fell to 11 by 2022. Burglary cases spiked in 2020 with 13 instances but decreased to just 2 by 2022. Vandalism saw a resurgence from 1 in 2021 to 11 in 2022. These patterns indicate potential volatility that could influence property values and insurance premiums in the... Read more
Property Crime Trends in Door County, WI Over the Last 5 Years
Recent trends in Door County, Wisconsin show fluctuating rates of property crime over the past five years. Larceny-theft remains the most prevalent incident, peaking in 2019 with 64 reported cases but falling significantly to 11 by 2022. Burglary cases spiked in 2020 with 13 instances but decreased to just 2 by 2022. Notably, incidents of vandalism have shown a resurgence from 1 in 2021 to 11 in 2022. These patterns suggest potential volatility in crime rates, which could influence property values and insurance premiums in the region.
Demographics
Door County, Wisconsin presents an intriguing demographic profile. Though balanced, the gender split skews slightly female. Educational attainment shows a high school diploma being most common but with a notable number of residents holding bachelor’s and professional degrees. The age distribution highlights a significant elderly population, with over a quarter aged 65 or older, impacting local services and infrastructure needs. The racial makeup is predominantly White with minor... Read more
Race Distribution in Door County, Wisconsin (2022)
Educational Attainment in Door County, Wisconsin (2022)
Age Distribution in Door County, Wisconsin
Citizen Population in Door County, Wisconsin (2022)
Political Trends & Data
In Door County, Wisconsin, the 2020 U.S. Presidential Election displayed a fairly balanced split between Democrats and Republicans, with a slight lean towards Democrats. The presence of a small but notable Libertarian vote and minimal support for the Green Party highlights a politically diverse and engaged community. This competitive political environment may indicate a variety of public opinions, potentially influencing local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Door County, Wisconsin, voting patterns in the 2020 U.S. Presidential Election appeared relatively balanced between the major parties, with Democrats potentially holding a slight edge over Republicans. The Libertarian Party managed to capture a modest share of the vote, while support for the Green Party and other candidates was minimal. This competitive landscape may suggest a politically engaged electorate with diverse viewpoints.
48.48% of voters voted for the Republican party in the 2020 Presidential Election
49.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% 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
0.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
Door County, Wisconsin has seen its student-to-teacher ratio decline from 12 in 2014 to just over 10 in 2023, contrasting with the national average of 14. This could indicate a rising focus on education quality, which might appeal to families and influence property values positively. Investors and real estate agents might find this trend indicative of community development and stability, potentially making the area more attractive for residential... Read more
Student-to-teacher ratio in Door County, Wisconsin over the last 9 years
Door County, Wisconsin has seen a noticeable decline in its student-to-teacher ratio over the past nine years, dropping from 12 in 2014 to just over 10 in 2023. Compared to the national average of 14 students per teacher, Door County's decreased ratio suggests more personalized attention in classrooms, which could appeal to families prioritizing education quality. For investors and real estate agents, this trend might indicate a growing focus on education in the area, making it potentially more attractive to families. Additionally, lower ratios may influence property values and insurance considerations, as the presence of strong education systems often correlates with community development and stability.
