Forest County Real Estate and Livability Trends
Forest County, Wisconsin’s average taxable income has mostly increased, reaching $64,606.44 in 2021 from $45,498.11 in 2013, suggesting rising economic potential that might attract investors. The median home values also climbed to $160,100 in 2022 from $126,500 in 2015, although still below state and national averages, hinting at a possible undervalued market. Moreover, real estate taxes have... Read more
Forest County Market Trends
Forest County, Wisconsin saw a significant rise in median home values from $126,500 in 2015 to $160,100 in 2022, lower than the state and national averages. This relatively lower cost paired with a consistent upward trend might suggest a promising investment opportunity. Residential energy tax credits fluctuated from $175.00 in 2016 to $275.00 in 2019, possibly indicating incentives in... Read more
Median Value of Occupied Housing Units in Forest County, Wisconsin Over the Last 8 Years
Forest County, Wisconsin saw a significant rise in median home values from $126,500 in 2015 to $160,100 in 2022. This contrasts with the state's overall trend, where housing values jumped from $165,800 to $231,400 in the same period, and with the national trend, where values increased from $125,500 to $179,400. Although Forest County's growth aligns with broader trends, its median home values remain lower than both state and national averages, which could be attractive for those looking to invest or move to the area. This relatively lower cost paired with a consistent upward trend might suggest a promising investment opportunity.
Residential Energy Tax Credit Per Tax Return in Forest County, WI Over the Last 8 Years
Forest County, Wisconsin has seen fluctuating averages in residential energy tax credits per tax return over the past eight years. From a low of $175.00 in 2016 to a high of $275.00 in 2019, these variations suggest changes in either the energy efficiency of homes, the adoption of renewable energy systems, or policy adjustments. For those interested in property investment or energy-efficient home improvements, these trends may indicate potential incentives or returns on investment enhancements. Real estate agents and insurance agents might find these data points useful for advising clients on energy efficiency improvements and the associated financial benefits.
Average Real Estate Taxes Per Tax Return in Forest County, WI Over the Last 10 Years
Over the past decade in Forest County, Wisconsin, real estate taxes per tax return have exhibited a generally upward trend, peaking noticeably in 2019 at $4764.29. Despite a slight dip in 2020 and 2021, the overall increase from $3328.00 in 2012 to $4110.00 in 2021 suggests rising property values or changing tax policies. This could signal potential for property appreciation, though it also implies higher costs for homeowners and investors. For those in real estate, assessing, or insurance sectors, these fluctuations provide valuable context for financial planning and risk assessment.
Percentage of Farm Returns in Forest County, WI Over the Last 10 Years
Farm tax returns in Forest County, Wisconsin over the last decade show some relatively stable but modest fluctuations. Starting at 2.37% in 2012, there was a slight increase peaking at 2.83% in 2013, followed by minor dips and rises, eventually converging to 1.96% in 2021. Farm tax returns represent the portion of total tax returns filed by those engaged in agriculture, which can reflect the economic health of the local agricultural sector. For those considering investing, moving, or building property in this county, these figures might suggest that while agriculture remains a consistent part of the economy, it's not progressively expanding.
Number of Mortgages by Occupancy Type in Forest County, WI Over the Last 5 Years in Forest County
Forest County, Wisconsin, has seen fluctuating mortgage counts for different occupancy types over the past five years. Investment properties have remained relatively stable but low, while principal residences saw a notable spike in 2020 and 2021 before dropping in 2022. Second residences also peaked in 2020 but have since decreased. Changes in occupancy type impacts can signal shifts in local housing demand, which is crucial for investors, appraisers, builders, and real estate agents to inform strategies and pricing. Insurance agents may also need to adjust policies based on these trends, while residents or prospective homeowners can use this information to gauge market conditions for buying or selling.
Economic Outlook
Forest County, Wisconsin’s average taxable income per tax return has generally been on the rise, hitting $64,606.44 in 2021 after starting at $45,498.11 in 2013, despite some fluctuations. This highlights increasing economic potential in the area, which could be enticing for investors and real estate professionals. However, the volatility evident in certain years is worth noting for appraisers and insurance agents. Additionally, local income taxes have climbed from $5,197.26 in 2012 to... Read more
Average Taxable Income per Tax Return in Forest County, WI over the last 9 years
The average taxable income per tax return in Forest County, Wisconsin shows a general upward trend over the past nine years, with notable fluctuations. Starting at $45,498.11 in 2013, it steadily climbed to $57,303.98 in 2018, and despite a slight dip in 2020 to $54,841.91, it peaked at $64,606.44 in 2021. This indicates increasing economic potential in the area, making it potentially attractive for investors, homebuyers, and real estate professionals. The variations over certain years suggest that while the long-term trajectory is positive, there's some volatility to be mindful of, which might be of interest to appraisers and insurance agents assessing risk and value.
Average State and Local Income Taxes Per Tax Return in Forest County, WI Over the Last 10 Years
Over the past decade, Forest County, Wisconsin has seen a variable but generally upward trend in average state and local income taxes per tax return. From $5,197.26 in 2012, taxes have gradually increased, peaking notably at $9,544.44 in 2021. These fluctuations can impact decisions for prospective investors, homebuyers, and financial planners, highlighting the importance of understanding local tax obligations for budgeting and financial forecasting.
Average Total Tax Liability Per Tax Return in Forest County, WI Over the Last 10 Years
Over the last decade, Forest County, Wisconsin has experienced a notable upward trend in total tax liability per tax return, peaking at $10,500.58 in 2021. This increase, particularly evident since 2016, could imply rising income levels or adjustments in tax policies. For potential investors or real estate developers, this pattern might suggest a growing economic base, while insurance agents might need to consider the financial strain on residents. Likewise, appraisers and real estate agents could use these figures to contextualize property values within the county.
Cost of Living in Forest County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,420 | $1,948 | $1,597 | $1,405 |
| 1 adult 4 children | $1,005 | $1,159 | $1,490 | $1,597 | $1,570 |
| 2 adults 3 children | $1,005 | $1,160 | $1,690 | $1,597 | $1,149 |
| 1 adult 3 children | $1,005 | $947 | $1,232 | $1,597 | $1,296 |
| 2 adults 2 children | $826 | $949 | $1,432 | $1,384 | $962 |
| 1 adult 2 children | $826 | $709 | $974 | $1,384 | $1,003 |
| 2 adults 1 child | $826 | $750 | $1,174 | $692 | $829 |
| 1 adult 1 child | $826 | $485 | $716 | $692 | $727 |
| 2 adults | $628 | $603 | $916 | $0 | $607 |
| 1 adult | $552 | $329 | $458 | $0 | $530 |
Safety trends & Data
Forest County, Wisconsin has experienced fluctuating property crime levels over the past four years. Larceny-theft cases peaked at 31 incidents in 2018 but fell to just 7 in 2022. However, vandalism incidents edged up, hitting a high of 17 in 2022. Motor vehicle thefts remained consistently low, never surpassing 6 incidents annually. These shifts in crime rates may influence property values and insurance premiums, crucial considerations for investors and real estate... Read more
Property Crime Trends in Forest County, WI Over the Last 4 Years
Forest County, Wisconsin has seen fluctuating property crime rates over the past four years. Notably, larceny-theft cases peaked in 2018 with 31 recorded incidents but dropped significantly in the subsequent years, with only 7 cases reported in 2022. Vandalism remained relatively steady but hit a high in 2022 with 17 incidents. Conversely, motor vehicle thefts were consistently low each year, never exceeding 6 incidents. This data suggests that while certain crime types like larceny-theft have decreased, others like vandalism have shown a slight uptick more recently. These trends could influence insurance premiums and property values in the region, offering key insights for investors and real estate professionals.
Demographics
Forest County, Wisconsin displays a near-even gender split with a slightly higher male population. Education attainment highlights a predominant high school-level education, while a notable segment of the community has pursued some college but not completed a degree. An aging population is evident, with significant representation in the 55 to 64 age range and those over 65. The racial demographic is predominantly White, with a considerable proportion identifying as American Indian and Alaska... Read more
Race Distribution in Forest County, Wisconsin (2022)
Educational Attainment in Forest County, Wisconsin (2022)
Age Distribution in Forest County, Wisconsin
Citizen Population in Forest County, Wisconsin (2022)
Political Trends & Data
Forest County, Wisconsin, potentially exhibited a strong Republican preference during the 2020 U.S. Presidential Election, with about 65% of the vote going to the GOP. In contrast, Democrats received around 34%, and third-party candidates took less than 1%. This pattern could indicate a broader trend of conservative dominance in rural voting... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Forest County, Wisconsin, possibly leaned heavily Republican in the 2020 U.S. Presidential Election with around 65% of the vote, while Democrats received approximately 34%. Libertarians and other minor parties collectively garnered less than 1% of the vote. This distribution might reflect broader trends in rural voting patterns, where conservative preferences often dominate.
65.01% of voters voted for the Republican party in the 2020 Presidential Election
34.06% of voters voted for the Democrat party in the 2020 Presidential Election
0.69% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last nine years, the student-to-teacher ratio in Forest County, Wisconsin, has generally decreased, from 13 in 2014 to around 12 in recent years. This trend, consistently below the national average of 14, suggests more individualized attention for students, which could be appealing to families considering relocation. Real estate agents and investors might leverage this data to highlight the favorable educational environment when advising... Read more
Student-to-teacher ratio in Forest County, Wisconsin over the last 9 years
Over the last nine years, the student-to-teacher ratio in Forest County, Wisconsin has mostly trended downward, going from 13 students per teacher in 2014 to an all-time low of about 11 students per teacher in 2020 and then slightly increasing to around 12 students per teacher in recent years. This could be appealing to families considering relocation, as smaller class sizes often suggest more individualized attention for students. Real estate agents and potential investors might find this data useful when advising clients about the quality of local schools. With the student-to-teacher ratio consistently remaining below the current national average of 14, Forest County appears to offer a favorable educational environment compared to broader national trends.
