Lafayette County Real Estate and Livability Trends
Lafayette County, Wisconsin has experienced notable economic and property trends. Average taxable income rose from $44,087.82 in 2013 to $59,716.46 in 2021, indicating higher disposable incomes that could fuel the housing market. Home values have increased steadily from $124,000 in 2015 to $166,700 in 2022. Rising residential energy tax credits, up to $925.00 per return by 2021, suggest a push... Read more
Lafayette County Market Trends
Median home values in Lafayette County, Wisconsin have shown steady growth, rising from $124,000 in 2015 to $166,700 in 2022, against a backdrop of significant statewide and national increases. The marked fluctuations in residential energy tax credits, peaking at $925.00 per return by 2021, suggest an increasing trend towards eco-friendly investments, likely bolstered by policy incentives. Real... Read more
Median Value of Occupied Housing Units in Lafayette County, Wisconsin Over the Last 8 Years
Over the last 8 years, median home values in Lafayette County, Wisconsin have shown consistent growth, reaching $166,700 in 2022 from $124,000 in 2015. This trajectory is notable when compared to the statewide median, which rose from $165,800 to $231,400 over the same period. National figures also reflect a similar upward trend, moving from $125,500 to $179,400. For potential investors, relocating families, or developers, this data may indicate a rising demand and a positive market outlook in the county relative to broader trends.
Residential Energy Tax Credit Per Tax Return in Lafayette County, WI Over the Last 8 Years
Lafayette County, Wisconsin has seen notable fluctuations in residential energy tax credits claimed per tax return over the past eight years. Beginning at $235.00 in 2013, the average dipped to $211.11 in 2014, only to rise and peak dramatically at $925.00 by 2021. Significant increases are evident around 2016 with an incremental rise to $416.67 in 2017, and then again a spike in 2020 and 2021, suggesting a trend towards higher energy-efficient investments. This could signal growing awareness and adaptation of energy-efficient technologies among residents, potentially driven by increased policy incentives or rising environmental consciousness. Investors, appraisers, insurance agents, and real estate professionals may find this trend valuable, indicating enhanced property value and desirability linked to sustainability efforts.
Average Real Estate Taxes Per Tax Return in Lafayette County, WI Over the Last 10 Years
Over the past decade in Lafayette County, Wisconsin, real estate taxes per tax return have shown a marked increase, from $3428.98 in 2012 to $4660.00 in 2021. This upward trend may signal a rising property market and could translate to higher home valuations. For investors and real estate professionals, this suggests the county is developing and possibly becoming more desirable. Appraisers and insurance agents might anticipate higher property values and insurance premiums in the coming years. Overall, those considering a move or investment in Lafayette County should be aware of the growing tax landscape, which reflects broader economic shifts in the area.
Percentage of Farm Returns in Lafayette County, WI Over the Last 10 Years
Over the last decade, Lafayette County, Wisconsin has shown a gradual but consistent increase in the percentage of farm tax returns, starting at approximately 14.09% in 2012 and reaching around 15.12% by 2016. However, this upward trend appears to stall and slightly decline in recent years, dipping back to about 14.93% in 2021. This metric, farm tax returns, essentially gauges the financial health and growth of agricultural businesses in the area, providing a valuable indicator for potential investors or residents about the economic trends and stability within the farming industry of the county. It suggests a relatively stable agricultural environment, which might influence decisions related to property investments or relocation.
Number of Mortgages by Occupancy Type in Lafayette County, WI Over the Last 5 Years in Lafayette County
Over the past five years, Lafayette County, Wisconsin, has seen fluctuating trends in mortgage numbers across different occupancy types. Principal residences consistently lead in mortgage counts, peaking in 2020 with 899, while investment properties and second residences have seen less dramatic changes, staying relatively steady but lower in volume. Such changes can be crucial indicators of shifting demand patterns and economic conditions, potentially signaling market stability for principal homes but posing different opportunities and risks for investors. Notably, the dip in mortgages for principal residences in 2022 might suggest caution or reduced buyer activity during that period. These trends can influence decisions around property investing, affect appraisals and insurance rates, and guide development plans for builders and real estate agents. Understanding these patterns helps stakeholders make informed decisions based on market dynamics.
Economic Outlook
Lafayette County, Wisconsin has seen its average taxable income per tax return rise from $44,087.82 in 2013 to $59,716.46 by 2021, hinting at increased economic stability and disposable incomes. Concurrently, average state and local income taxes per return have climbed from $5,258.24 in 2012 to $7,476.19 in 2021, potentially reflecting higher incomes or tax policy shifts. Additionally, average tax liabilities per return peaked at $8,295.98 in 2021 despite some fluctuations. These financial... Read more
Average Taxable Income per Tax Return in Lafayette County, WI over the last 9 years
Lafayette County, Wisconsin has experienced a noteworthy increase in average taxable income per tax return over the last nine years. From $44,087.82 in 2013, it steadily climbed to $59,716.46 by 2021. This rising trend suggests a growing economic stability and potential for higher disposable incomes, which could make the area more attractive for real estate investments and property development. Such financial growth could influence appraisals and insurance evaluations favorably, reflecting an overall increase in property values. For those considering a move or investment, Lafayette County's financial trajectory portrays a potentially prosperous landscape.
Average State and Local Income Taxes Per Tax Return in Lafayette County, WI Over the Last 10 Years
Over the past decade, the average state and local income taxes per tax return in Lafayette County, Wisconsin have shown a steady increase, starting at $5,258.24 in 2012 and reaching $7,476.19 in 2021. This upward trend may indicate rising incomes or changing tax policies, making the county potentially more expensive for residents but also possibly reflecting a thriving local economy. For investors, real estate agents, and those planning to move, these figures suggest an evolving financial landscape that could impact housing market dynamics and future returns on investment. Appraisers and insurance agents might also take note of these tax averages when assessing property values and risks in the area.
Average Total Tax Liability Per Tax Return in Lafayette County, WI Over the Last 10 Years
Over the last decade, Lafayette County, Wisconsin has seen fluctuating average tax liabilities per return, peaking significantly in 2021 at $8,295.98. Despite a dip in 2019 to $6,179.27, the overall trend suggests a gradual increase in tax burdens. This information could be crucial for potential property investors, real estate agents, and those considering moving to the area, as it highlights the financial landscape and aids in assessing long-term fiscal responsibilities within the county.
Cost of Living in Lafayette County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,416 | $1,674 | $1,303 | $1,230 |
| 1 adult 4 children | $1,174 | $1,156 | $1,278 | $1,303 | $1,400 |
| 2 adults 3 children | $1,174 | $1,156 | $1,453 | $1,303 | $1,000 |
| 1 adult 3 children | $1,174 | $944 | $1,057 | $1,303 | $1,154 |
| 2 adults 2 children | $826 | $947 | $1,232 | $1,153 | $815 |
| 1 adult 2 children | $826 | $707 | $837 | $1,153 | $833 |
| 2 adults 1 child | $826 | $748 | $1,012 | $666 | $756 |
| 1 adult 1 child | $826 | $483 | $616 | $666 | $680 |
| 2 adults | $684 | $601 | $791 | $0 | $582 |
| 1 adult | $579 | $328 | $395 | $0 | $522 |
Safety trends & Data
Lafayette County, Wisconsin, has seen a notable decline in property crimes over the last five years, especially in Larceny-Theft and Burglary. Larceny-Theft cases dropped from 24.00 in 2018 to 7.00 in 2022, and Burglary incidents reduced from 8.00 to 1.00 in the same period. These trends could be appealing to potential property investors and residents seeking safer environments, although variability in other crimes like Vandalism and Motor Vehicle Theft might still need... Read more
Property Crime Trends in Lafayette County, WI Over the Last 5 Years
Lafayette County, Wisconsin, has seen a notable decline in property crimes over the last five years, with the most significant decreases in Larceny-Theft and Burglary. For instance, Larceny-Theft cases dropped from 24.0 in 2018 to 7.0 in 2022, while Burglary incidents reduced from 8.0 to 1.0 in the same period. This downward trend, particularly in common property crimes, could be appealing to potential property investors and residents looking for safer environments. However, it's worth noting that other crimes such as Vandalism and Motor Vehicle Theft show more variability, which may still require attention from law enforcement and community safety programs. These dynamics can have important implications for real estate appraisors, insurance agents, and anyone considering moving to or investing in the area.
Demographics
Lafayette County, Wisconsin, exhibits a balanced gender distribution with a slight male majority. The region shows a significant percentage of residents holding high school diplomas or having attended some college, though those with bachelor’s degrees or higher are relatively fewer. The age demographics suggest a mature population, prominently featuring individuals aged 55 to 64. Racially, Lafayette County is predominantly White, with minimal representation from other racial groups. These... Read more
Race Distribution in Lafayette County, Wisconsin (2022)
Educational Attainment in Lafayette County, Wisconsin (2022)
Age Distribution in Lafayette County, Wisconsin
Citizen Population in Lafayette County, Wisconsin (2022)
Political Trends & Data
Lafayette County, Wisconsin, seems to have leaned towards Republicans in the 2020 U.S. Presidential Election, with around 56.3% of votes potentially supporting the GOP and about 42.6% possibly backing the Democrats. Minor parties collectively grabbed less than 1%, suggesting a relatively stable two-party dominance and hinting at a stronger Republican presence in local political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lafayette County, Wisconsin, the 2020 U.S. Presidential Election saw Republicans potentially securing a majority with around 56.3% of the votes, while Democrats possibly garnered about 42.6%. Minor parties like the Libertarians, Greens, and others collectively hovered at marginal levels, each likely receiving less than 1% of the vote share. These trends might reflect broader political dynamics within the county, indicating a stronger inclination toward Republican candidates.
56.35% of voters voted for the Republican party in the 2020 Presidential Election
42.63% of voters voted for the Democrat party in the 2020 Presidential Election
0.67% 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
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
For families prioritizing personalized education, Lafayette County, Wisconsin's steady decline in the student-to-teacher ratio—from 12 in 2014 to almost 11 by 2023—presents a compelling reason to consider the area. With this ratio well below the national average of 14, Lafayette County stands out as a prime location for retail investors in education-based services and real estate developers focusing on family-oriented communities. This metric can be particularly appealing for potential... Read more
Student-to-teacher ratio in Lafayette County, Wisconsin over the last 9 years
Over the past nine years, Lafayette County, Wisconsin has seen a steady decline in the student-to-teacher ratio, dropping from 12 in 2014 to nearly 11 in 2019 and further to almost 11 in 2023. This is significantly lower than the current national average of 14 students per teacher. This lower ratio could be a draw for families prioritizing personalized education for their children and might highlight Lafayette County as an appealing area for retail investors in education-based services, real estate developers focusing on family-oriented communities, and potential residents seeking quality educational environments. Lower student-to-teacher ratios generally suggest better individual attention for students, which is an attractive metric for those evaluating local educational quality.
