Iron County Real Estate and Livability Trends
Iron County, Wisconsin has seen intriguing financial and real estate shifts recently. Average taxable income spiked from $41,352.48 in 2013 to $62,596.53 in 2021, which may signal rising property values and investor attraction. Median home values also climbed from $104,700 in 2015 to $144,100 in 2022, still cheaper than the statewide median. Real estate taxes indicate similar upward trends,... Read more
Iron County Market Trends
Iron County, Wisconsin, displays a steady rise in median home values from $104,700 in 2015 to $144,100 in 2022, making it more affordable compared to Wisconsin statewide which grew from $165,800 to $231,400. Real estate taxes have also trended upward, indicating potential increases in property values or tax rates, with figures jumping from $3,370.49 in 2012 to $4,644.44 in 2021. Occupancy types... Read more
Median Value of Occupied Housing Units in Iron County, Wisconsin Over the Last 8 Years
Iron County, Wisconsin, shows a steady increase in median home values over the past eight years, with prices climbing from $104,700 in 2015 to $144,100 in 2022. While Wisconsin overall and the national average have also been on the rise, Iron County's housing market is relatively more affordable. For context, Wisconsin saw its median home values grow from $165,800 to $231,400, and the national figures jumped from $125,500 to $179,400 during the same period. These trends might indicate a potential opportunity for value investments in Iron County within a growing market context.
Residential Energy Tax Credit Per Tax Return in Iron County, WI Over the Last 8 Years
Over the last eight years, Iron County, Wisconsin has seen fluctuations in residential energy tax credits per tax return, peaking at $300.00 in 2017. There was a notable drop in 2019 to $225.00, followed by a potential gradual recovery with a small dip in 2021 to $220.00. This trend might indicate a dynamic market responsiveness to energy-saving incentives, possibly influenced by local policy changes, economic factors, or shifts in homeowner interest towards energy-efficient renovations. Investors, real estate agents, and residents could find these insights valuable for understanding the financial incentives tied to energy improvements in the area.
Average Real Estate Taxes Per Tax Return in Iron County, WI Over the Last 10 Years
Real estate taxes per tax return in Iron County, Wisconsin have shown a general upward trend over the last decade, starting from $3,370.49 in 2012 and reaching $4,644.44 in 2021. There were some fluctuations, with notable increases around 2017, where taxes jumped from $3,730.51 in 2016 to $3,976.67 in 2017, and a sharp rise in 2018 to $4,409.09. This rise indicates potential increases in property values or tax rates, suggesting a growing economic viability and perhaps making the area more attractive for property investments. For those in real estate, appraisal, or insurance, these trends reflect a developing market that could influence future financial and investment strategies.
Percentage of Farm Returns in Iron County, WI Over the Last 10 Years
Farm tax returns in Iron County, Wisconsin depict a somewhat stable trend with minor fluctuations over the past decade, hovering around the 1% mark. Noteworthy spikes can be observed in 2019 and 2021, with percentages nearing approximately 1.26% and 1.10% respectively. For those looking to invest, move to, or build property in the area, this consistency in farm-related filings points to a stable agricultural community which can be a reliable anchor for economic activity. However, the relatively low percentages might also suggest that large-scale farming operations are not a predominant economic driver in Iron County.
Number of Mortgages by Occupancy Type in Iron County, WI Over the Last 5 Years in Iron County
Iron County, Wisconsin has seen noticeable fluctuations in the number of mortgages across different occupancy types over the past five years. Principal residences consistently have the highest number of mortgages, peaking in 2021 with 342 mortgages compared to 192 in 2018. Second residences saw a significant increase from 82 in 2018 to 190 in 2020 before dropping to 73 in 2022. Investment properties, while lower in volume, experienced slight growth from 8 mortgages in 2019 to 24 in 2021. Understanding shifts in occupancy type can impact decision-making for various stakeholders—investors may spot emerging trends in the rental market, while real estate agents and appraisers gain insights into property demand. For those in insurance, knowing the prevalence of different property uses helps in risk assessment. These trends also hint at broader economic and lifestyle shifts in Iron County, suggesting potentially changing priorities among residents and property owners.
Economic Outlook
Iron County, Wisconsin has seen average taxable income per tax return climb from $41,352.48 in 2013 to $62,596.53 in 2021. Combined with fluctuating yet upward-trending average state and local income taxes from $5,310.91 in 2012 to $15,112.50 in 2021, and rising average total tax liabilities from $5,254.75 to $9,161.94 over the same period, this financial evolution may pique the interest of investors and real estate developers. While these figures potentially signal increased incomes and... Read more
Average Taxable Income per Tax Return in Iron County, WI over the last 9 years
Iron County, Wisconsin has shown a notable increase in average taxable income per tax return over the past nine years, rising from approximately $41,352.48 in 2013 to about $62,596.53 in 2021. This upward trend could attract investors and real estate developers seeking burgeoning markets. Such financial growth might also suggest a stable economic environment, catching the eye of appraisers and insurance agents when assessing risk and property values. Moreover, potential new residents and real estate agents may find this data encouraging, as it points to a steadily improving economic landscape in the area.
Average State and Local Income Taxes Per Tax Return in Iron County, WI Over the Last 10 Years
Iron County, Wisconsin, has experienced notable fluctuations in average state and local income taxes per tax return over the past decade. Starting at $5310.91 in 2012, there has been a substantial upward trajectory, particularly marked from 2016 onward. By 2021, the average tax per return spiked to $15112.50. This trend might be indicative of economic shifts, increased income levels, or changes in tax policy within the county. For potential investors, real estate agents, and those considering moving to the area, this increasing tax load could be a crucial factor in financial planning and property valuation.
Average Total Tax Liability Per Tax Return in Iron County, WI Over the Last 10 Years
Over the last decade, Iron County, Wisconsin has seen a notable increase in the average total tax liability per tax return, starting from roughly $5,254.75 in 2012 to approximately $9,161.94 in 2021. This upward trend could impact decisions for potential investors, as it may indicate rising incomes or property values. However, fluctuating spikes, such as the dip in 2018 to around $6,623.21 followed by a steady rise, suggest variability that everyone from insurance agents to real estate developers should carefully consider. Buyers and homeowners ought to remain aware of these changes for accurate financial planning and property valuation.
Cost of Living in Iron County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,500 | $2,075 | $1,570 | $1,456 |
| 1 adult 4 children | $1,005 | $1,225 | $1,588 | $1,570 | $1,604 |
| 2 adults 3 children | $1,005 | $1,225 | $1,800 | $1,570 | $1,184 |
| 1 adult 3 children | $1,005 | $1,000 | $1,313 | $1,570 | $1,316 |
| 2 adults 2 children | $826 | $1,003 | $1,524 | $1,354 | $978 |
| 1 adult 2 children | $826 | $749 | $1,037 | $1,354 | $1,007 |
| 2 adults 1 child | $826 | $793 | $1,249 | $651 | $833 |
| 1 adult 1 child | $826 | $512 | $762 | $651 | $720 |
| 2 adults | $647 | $637 | $974 | $0 | $624 |
| 1 adult | $579 | $347 | $487 | $0 | $539 |
Safety trends & Data
Iron County, Wisconsin, has seen property crime trends fluctuate over the last five years. Burglary incidents spiked in 2020 with three reported cases but dropped to just one in 2022. Larceny-theft also hit a high with five cases in 2020. Motor vehicle thefts have shown minor variations but remained relatively stable. Forgery and counterfeiting incidents were only noted in 2018 and 2019, possibly indicating a decline. This evolving crime landscape offers valuable insights for real estate... Read more
Property Crime Trends in Iron County, WI Over the Last 5 Years
Iron County, Wisconsin, has seen fluctuating trends in property crimes over the last five years. Notably, there's a spike in burglary in 2020 with three incidents, contrasting with a single report in 2022. Larceny-theft incidents peaked in 2020 with five cases, while motor vehicle thefts have remained relatively steady with minor variations. Forgery and counterfeiting were reported only in 2018 and 2019, indicating a potential decrease in such crimes. This data provides insight into the evolving crime landscape, essential for potential property investors, developers, and local real estate agents assessing the area’s security trends.
Demographics
Iron County, Wisconsin's adult population skews slightly male, with 2,641 males compared to 2,553 females. Educational attainment is relatively high, with over 75% of the population holding at least a high school diploma and a notable proportion possessing some college education or higher degrees. The age distribution shows a substantial number of residents aged 55 and older, which could suggest a maturing population. The racial composition is predominantly White, with minimal representation... Read more
Race Distribution in Iron County, Wisconsin (2022)
Educational Attainment in Iron County, Wisconsin (2022)
Age Distribution in Iron County, Wisconsin
Citizen Population in Iron County, Wisconsin (2022)
Political Trends & Data
Iron County, Wisconsin, exhibited a strong Republican leaning in the 2020 U.S. Presidential Election, with approximately 61% of votes cast for the Republican party. The Democratic party likely secured about 38% of the vote, highlighting a considerable political split. Minor parties, including the Libertarian and Green parties, had minimal impact with less than 1% of the vote, indicating their limited local influence. This trend might mirror broader state tendencies or unique local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Iron County, Wisconsin, saw a clear preference for the Republican party in the 2020 U.S. Presidential Election, with an estimated 61% of the vote. The Democratic party possibly garnered around 38%, indicating a significant political divide. Minor parties, including the Libertarian and Green parties, combined for less than 1% of the vote, suggesting limited influence. This voting pattern could reflect broader state trends or local issues specific to Iron County.
60.80% of voters voted for the Republican party in the 2020 Presidential Election
38.23% of voters voted for the Democrat party in the 2020 Presidential Election
0.65% of voters voted for the Livertarian party in the 2020 Presidential Election
0.02% of voters voted for the Green party in the 2020 Presidential Election
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
Iron County, Wisconsin, has maintained a student-to-teacher ratio around 10:1 over the past nine years, consistently lower than the national average of 14:1. This may hint at a community that prioritizes education, making it appealing for families seeking quality schooling. For real estate agents, this trend could indicate an improving educational environment, potentially boosting property desirability. It might also suggest a well-maintained community, which could positively influence... Read more
Student-to-teacher ratio in Iron County, Wisconsin over the last 9 years
Iron County, Wisconsin, has seen its student-to-teacher ratio fluctuate over the last nine years, generally hovering around 10 students per teacher. This ratio has consistently been lower than the national average of 14 students per teacher, indicating potentially more personalized attention for students. For investors, lower ratios might suggest a community that values education and could attract families looking for quality schooling options. For real estate agents and appraisers, this trend might signify a stable or improving educational environment, potentially enhancing the desirability of properties in the area. Insurance agents might consider that a lower student-to-teacher ratio could correlate with well-maintained schools and community engagement, possibly affecting risk assessments positively.
