Marinette County Real Estate and Livability Trends
In Marinette County, Wisconsin, median home values rose from $110,500 in 2015 to $142,300 by 2022, signaling growth but still trailing national and state averages. The county's real estate market shows increasing energy tax credits per return, $555.26 in 2021, likely driven by a trend toward energy-efficient homes. Additionally, a decline in farm tax returns from 2.18% in 2012 to 1.56% in 2021... Read more
Marinette County Market Trends
Marinette County, Wisconsin, has seen median home values rise from $110,500 in 2015 to $142,300 by 2022, outpacing its own history but lagging behind the national and broader state averages. Energy tax credits per return have increased to $555.26 in 2021, hinting at a growing investment in energy-efficient homes—attractive for environmentally-conscious buyers. Real estate taxes peaked in 2020... Read more
Median Value of Occupied Housing Units in Marinette County, Wisconsin Over the Last 8 Years
Over the past eight years, median home values in Marinette County, Wisconsin, have experienced fluctuating growth. Starting at $110,500 in 2015, the prices soared to $142,300 by 2022. While Marinette County's growth is slower compared to the national average ($125,500 to $179,400) and the broader Wisconsin figures ($165,800 to $231,400), there’s still noticeable upward pressure on home values. This trend potentially signifies growing interest and investment opportunities in more affordable regions within the state, presenting intriguing prospects for buyers, investors, and property developers in Marinette County.
Residential Energy Tax Credit Per Tax Return in Marinette County, WI Over the Last 8 Years
Marinette County, Wisconsin, has seen a notable increase in the average residential energy tax credit per tax return over the past eight years, reaching $555.26 in 2021. This upward trend suggests a growing investment in energy-efficient home improvements, potentially making the area more attractive to environmentally-conscious buyers and investors. Real estate agents and property developers might view this as an opportunity to highlight energy efficiency as a selling point, while appraisers and insurance agents could consider these improvements when assessing property values and underwriting risks.
Average Real Estate Taxes Per Tax Return in Marinette County, WI Over the Last 10 Years
Over the past decade, Marinette County, Wisconsin has seen notable fluctuations in average real estate taxes per tax return. Starting at $2,939.96 in 2012, there was a gradual increase until a sharp rise from $3,227.11 in 2017 to $3,777.61 in 2018. The peak occurred in 2020 at $4,367.27 before dipping to $3,958.33 in 2021. Such trends may suggest varying economic conditions and property values, which could influence decisions for potential investors, homeowners, and real estate professionals eyeing the area.
Percentage of Farm Returns in Marinette County, WI Over the Last 10 Years
Farm tax returns in Marinette County, Wisconsin, seem to show a general downward trend over the past decade. In 2012, approximately 2.18% of tax returns were filed by farms, but this number has gradually decreased to about 1.56% by 2021. This could indicate shifts in the local agricultural economy, impacting decisions for those looking to invest in land or start agricultural ventures. While the decline suggests potential challenges in the farming sector, it also offers insight into changing economic landscapes that may influence property development and community investment strategies.
Number of Mortgages by Occupancy Type in Marinette County, WI Over the Last 5 Years in Marinette County
The number of mortgages in Marinette County, Wisconsin, reflects a significant variation across occupancy types over the past five years. There has been a notable surge in mortgages for principal residences, peaking in 2020 with over 2,000 counts. In contrast, investment properties and second residences have remained relatively stable, showing minor fluctuations. These trends might indicate a strong demand for primary housing, potentially driven by population growth or changes in living preferences. For investors, real estate agents, and developers, understanding these shifts is crucial as it highlights where the market's most competitive and where opportunities may lie for profit or expansion. Changes in occupancy type also impact appraisals and insurance, as different property uses carry varying risks and value considerations.
Economic Outlook
In Marinette County, Wisconsin, there's been a steady rise in average taxable income per tax return, from $44,267.89 in 2013 to $58,897.22 by 2021. This growth may hint at an improving local economy, appealing to investors and homebuyers, and potentially inflating property values and insurance premiums, which could be a boon for real estate professionals. The average state and local income taxes per tax return also jumped over the last decade, hitting $8,301.69 in 2021, peaking in 2019 at... Read more
Average Taxable Income per Tax Return in Marinette County, WI over the last 9 years
Marinette County, Wisconsin has seen a consistent increase in average taxable income per tax return over the past nine years, growing from $44,267.89 in 2013 to $58,897.22 in 2021. This trend potentially indicates an improving local economy and could be attractive to investors, homebuyers, and real estate professionals. For appraisers and insurance agents, the rising incomes may reflect an increase in property values and insurance premiums. Builders and developers might find this data encouraging as the financial capability within the community appears to support new developments.
Average State and Local Income Taxes Per Tax Return in Marinette County, WI Over the Last 10 Years
Marinette County, Wisconsin has seen a notable increase in average state and local income taxes per tax return over the last decade, with figures in 2021 reaching approximately $8,301.69 compared to around $5,290.30 in 2012. This upward trend peaked dramatically in 2019 at $8,829.03. Such fluctuations might be relevant for prospective investors, property developers, and real estate agents as it may reflect underlying economic changes in the area, impacting disposable incomes and potentially local property and investment appeal.
Average Total Tax Liability Per Tax Return in Marinette County, WI Over the Last 10 Years
Over the past decade in Marinette County, Wisconsin, the average total tax liability per tax return has shown a generally upward trend, starting at $5,959.17 in 2012 and reaching $7,894.00 in 2021. Significant increases were seen in 2014 and 2020, suggesting possible economic or policy-driven changes impacting taxpayers. These fluctuations could be of interest to potential investors, homeowners, appraisers, and real estate agents looking to understand the financial landscape and property tax implications in the region.
Cost of Living in Marinette County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,359 | $1,931 | $1,561 | $1,290 |
| 1 adult 4 children | $1,005 | $1,110 | $1,477 | $1,561 | $1,447 |
| 2 adults 3 children | $1,005 | $1,110 | $1,676 | $1,561 | $1,048 |
| 1 adult 3 children | $1,005 | $907 | $1,221 | $1,561 | $1,187 |
| 2 adults 2 children | $826 | $909 | $1,420 | $1,332 | $887 |
| 1 adult 2 children | $826 | $679 | $966 | $1,332 | $910 |
| 2 adults 1 child | $826 | $718 | $1,164 | $589 | $748 |
| 1 adult 1 child | $826 | $464 | $710 | $589 | $658 |
| 2 adults | $628 | $577 | $908 | $0 | $566 |
| 1 adult | $624 | $315 | $454 | $0 | $528 |
Safety trends & Data
Larceny-theft in Marinette County, Wisconsin, appears to have peaked at 127.00 cases in 2021, while vandalism cases have seen a gradual rise, hitting 34.00 incidents in 2022. Motor vehicle theft has stayed low but did experience slight upticks in 2019 and 2021. These varying property crime trends might affect property valuations and insurance premiums, potentially making it a point of consideration for investors and those looking into real... Read more
Property Crime Trends in Marinette County, WI Over the Last 5 Years
Burglary and larceny-theft in Marinette County, Wisconsin, have seen noticeable variation over the past five years, with larceny-theft peaking at 127.0 cases in 2021. Meanwhile, vandalism cases have gradually increased, reaching 34.0 incidents by 2022. Motor vehicle theft has generally remained low but spiked slightly in 2019 and 2021. Investors and those in real estate should be aware of these fluctuating property crime trends as they could impact property valuations and insurance premiums in the area.
Demographics
Marinette County, Wisconsin, sees a nearly equal split between male and female adults, hinting at a balanced community. Educational attainment suggests that a significant portion holds at least a high school diploma, with about one-third pursuing higher education. The age distribution appears weighted towards older adults, which could have implications for local healthcare and retirement services. Racially, the county is predominantly White, indicating potentially limited ethnic diversity. This... Read more
Race Distribution in Marinette County, Wisconsin (2022)
Educational Attainment in Marinette County, Wisconsin (2022)
Age Distribution in Marinette County, Wisconsin
Citizen Population in Marinette County, Wisconsin (2022)
Political Trends & Data
Marinette County, Wisconsin, leans heavily Republican, with the 2020 U.S. Presidential Election results showing the GOP capturing around two-thirds of the vote. Democrats trailed with just over 32%, highlighting a significant partisan gap. Meanwhile, minor parties such as the Libertarian and Green parties had minimal influence, together accounting for barely over 1% of the votes. This trend suggests a strong two-party dynamic with notable Republican dominance in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marinette County, Wisconsin, shows a marked preference for the Republican party, capturing roughly two-thirds of the vote in the 2020 U.S. Presidential Election. The Democrats garnered just over 32%, indicating a significant gap. Minor parties like the Libertarian and Green parties had minimal impact, with the Libertarian party reaching just over 1% and the Green party barely making a dent. This suggests a predominantly two-party dynamic with Republican dominance.
66.60% of voters voted for the Republican party in the 2020 Presidential Election
32.06% of voters voted for the Democrat party in the 2020 Presidential Election
1.03% 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
0.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marinette County, Wisconsin has experienced a gradual decline in its student-to-teacher ratio, falling from approximately 14 students per teacher in 2014 to around 12.75 in 2023. This trend towards smaller class sizes could be enticing for families prioritizing personalized attention in education, making the area more appealing for real estate investment or property development. With a more intimate classroom environment than the national average of 14 students per teacher, Marinette County... Read more
Student-to-teacher ratio in Marinette County, Wisconsin over the last 9 years
Marinette County, Wisconsin has seen a gradual decline in its student-to-teacher ratio over the last nine years. Starting at approximately 14 students per teacher in 2014, the ratio has fallen to around 12.75 by 2023. This trend suggests that class sizes in Marinette County are becoming smaller, which could be appealing for families prioritizing personalized attention in education. For those looking to invest in real estate or build properties, smaller class sizes could make the area more attractive to prospective families. Compared to the national average of 14 students per teacher, Marinette County offers a more intimate classroom environment, which might also interest educators and school administrators considering positions in the area.
