Monroe County Real Estate and Livability Trends
Monroe County, Wisconsin has experienced a notable increase in the average taxable income per tax return, reaching $63,098.44 in 2021, coupled with a rise in state and local income taxes. This economic upswing could be signaling an appreciating real estate market, appealing to investors and highlighting potential for growth in property values. The median home value climbed to $184,000 in 2022,... Read more
Monroe County Market Trends
In Monroe County, Wisconsin the median home value surged to $184,000 in 2022, reflecting steady growth yet still trailing the state’s median of $231,400. Residential energy tax credits showed significant fluctuations, peaking at $2,575.00 in 2018, which might hint at the county's shifting policies towards energy efficiencies. Real estate taxes hit a high of $4,812.68 in 2020, suggesting... Read more
Median Value of Occupied Housing Units in Monroe County, Wisconsin Over the Last 8 Years
Over the last eight years, median home values in Monroe County, Wisconsin have steadily increased, reaching $184,000 in 2022. While this is impressive and suggests a solid investment opportunity, it still trails behind the state’s median of $231,400 for the same year. Compared to the national median of $179,400, Monroe County’s growth aligns with broader trends but indicates room for potential appreciation. This growing market can appeal to potential investors, developers, and residents looking for a balance between state-level growth and national trends.
Residential Energy Tax Credit Per Tax Return in Monroe County, WI Over the Last 9 Years
Over the last nine years in Monroe County, Wisconsin, the average residential energy tax credit per tax return has shown notable fluctuations. From a modest $321.31 in 2013, the credit spiked to $2,575.00 in 2018, hinting at significant investments in energy-efficient upgrades. Investors and homeowners may see these variations as indicators of changing policies or local incentives, potentially influencing property values and insurance costs. Real estate agents and appraisers could leverage this data to highlight energy efficiency trends in the area, thus appealing to environmentally-conscious buyers.
Average Real Estate Taxes Per Tax Return in Monroe County, WI Over the Last 10 Years
Over the last decade, Monroe County, Wisconsin has seen a general upward trend in real estate taxes per tax return, with peaks in 2018 and 2019 surpassing $4,500.00. The highest average observed was in 2020 at $4,812.68, indicating possible increased property values or tax rate adjustments. This consistent increase, despite some fluctuations, suggests a growing financial demand on property owners, which could impact decisions for potential investors, developers, and homebuyers looking at the area.
Percentage of Farm Returns in Monroe County, WI Over the Last 10 Years
In the last decade, the percentage of farm tax returns in Monroe County, Wisconsin, has seen a general decline from around 6.73% in 2012 to approximately 5.55% in 2021. Farm tax returns, which reflect the number of tax filings from farm operations compared to the total returns, can offer insights into the agricultural sector's economic health and its role in the local economy. Investors and potential residents might find that the shrinking percentage indicates a shift in economic activity or land use, pointing towards diversification or urbanization trends in the county. For those interested in building property, understanding these patterns could be crucial for evaluating land value and potential growth opportunities.
Number of Mortgages by Occupancy Type in Monroe County, WI Over the Last 5 Years in Monroe County
In Monroe County, Wisconsin, the number of mortgages for principal residences consistently dominated the market over the past five years, showing a noticeable peak in 2020 with over 2,200 mortgages. Investment properties and second residences trailed significantly, with marginal fluctuations year over year. These variations in occupancy types may matter for potential investors, builders, and real estate agents because they signal shifting demand patterns and housing preferences. Insurance agents and appraisers might find the trends relevant for assessing risk and property values. For individuals looking to move to or invest in Monroe County, understanding these dynamics could provide insights into the local real estate market's health and economic indicators.
Economic Outlook
Monroe County, Wisconsin, has seen a steady increase in the average taxable income per tax return, reaching $63,098.44 in 2021. Alongside this, state and local income taxes have also risen, from around $5,707.59 in 2013 to $9,266.67 in 2021. The average total tax liability has mirrored this upward trend, suggesting that rising incomes and economic activity could be influencing the local real estate market. For investors and real estate professionals, these metrics hint at a potentially... Read more
Average Taxable Income per Tax Return in Monroe County, WI over the last 9 years
In Monroe County, Wisconsin, the average taxable income per tax return has experienced a steady increase in the past nine years, peaking at $63,098.44 in 2021. This upward trend suggests potential economic growth and a possibly higher standard of living, which could attract investors and new residents. For appraisers and real estate agents, these trends might indicate an appreciating real estate market. Insurance agents and builders may also find this data valuable, as income growth often correlates with greater demand for new and improved housing and insurance products.
Average State and Local Income Taxes Per Tax Return in Monroe County, WI Over the Last 10 Years
Over the past decade, Monroe County, Wisconsin has experienced fluctuating but generally increasing average state and local income taxes per tax return. This trend saw notable surges in recent years, moving from approximately $5,707.59 in 2013 to $9,266.67 in 2021. Such upward trends may signal growing economic activity and possibly rising incomes within the area, which could be critical for investors, property developers, and real estate agents considering the region. High and rising tax liabilities might also influence decisions for insurers, appraisers, and new residents contemplating Monroe County.
Average Total Tax Liability Per Tax Return in Monroe County, WI Over the Last 10 Years
In Monroe County, Wisconsin, the average total tax liability per tax return has experienced a general upward trend over the past decade, reaching $8,551.84 in 2021 from about $6,018.94 in 2012. This may suggest a rising economic activity or changes in tax policy impacting residents. Such an increase could be of interest to investors, potential homeowners, and professionals in the real estate and insurance markets, as it might reflect broader economic shifts in the region that could influence property values and investment potential.
Cost of Living in Monroe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,184 | $1,440 | $2,307 | $1,537 | $1,556 |
| 1 adult 4 children | $1,184 | $1,176 | $1,767 | $1,537 | $1,685 |
| 2 adults 3 children | $1,184 | $1,176 | $2,000 | $1,537 | $1,278 |
| 1 adult 3 children | $1,184 | $960 | $1,460 | $1,537 | $1,408 |
| 2 adults 2 children | $919 | $963 | $1,693 | $1,332 | $1,016 |
| 1 adult 2 children | $919 | $719 | $1,153 | $1,332 | $1,049 |
| 2 adults 1 child | $919 | $761 | $1,386 | $666 | $881 |
| 1 adult 1 child | $919 | $492 | $847 | $666 | $761 |
| 2 adults | $740 | $611 | $1,079 | $0 | $667 |
| 1 adult | $614 | $333 | $540 | $0 | $558 |
Safety trends & Data
Monroe County, Wisconsin has seen fluctuating property crime trends over the past five years, with larceny-theft consistently being the most prevalent issue, peaking at 148 incidents in 2019 and slightly decreasing to 146 in 2022. Vandalism spiked dramatically to 62 cases in 2020 from 40 in 2019 but showed a downward trend thereafter. Burglary rates have also varied, with a notable peak of 25 incidents in 2020 before declining and then rising again to 24 in 2022. This dynamic crime landscape is... Read more
Property Crime Trends in Monroe County, WI Over the Last 5 Years
Monroe County, Wisconsin has experienced fluctuating trends in property crime over the past five years. Larceny - Theft has consistently been the most prevalent issue, peaking at 148 incidents in 2019 and slightly decreasing to 146 in 2022. Vandalism spiked dramatically in 2020 to 62 cases from 40 in 2019 but saw a downward trend thereafter. Burglary rates have varied, with a notable peak of 25 incidents in 2020 and a subsequent decline, before rising again to 24 in 2022. This varying landscape of property crimes is crucial for potential investors, home builders, and real estate professionals to monitor, as it directly impacts property values, insurance rates, and overall community safety.
Demographics
Monroe County, Wisconsin presents a nuanced picture of its demographics. The adult population skews slightly male, reflecting broader trends seen in rural American counties. Education levels highlight a community where high school graduates dominate, with a modest uptake in higher education. Age distribution indicates a decently balanced population across various age groups, though there's an uptick in residents aged 55-64, suggesting a maturing demographic. Racial composition shows... Read more
Race Distribution in Monroe County, Wisconsin (2022)
Educational Attainment in Monroe County, Wisconsin (2022)
Age Distribution in Monroe County, Wisconsin
Citizen Population in Monroe County, Wisconsin (2022)
Political Trends & Data
Monroe County, Wisconsin, leaned heavily Republican in the 2020 U.S. Presidential Election, with about 61% of the vote going to the GOP. Democrats pulled in roughly 37%, and third-party candidates barely made a dent with under 2%. This electoral landscape may point to a strong conservative influence in local policies and upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Monroe County, Wisconsin, the 2020 U.S. Presidential Election results indicate a significant Republican preference, with approximately 61% of votes. Democrats garnered around 37%, while third-party candidates like Libertarians and Greens collectively received a minimal slice of the vote, below 2%. Such a distribution might suggest a strong GOP presence, potentially influencing local policies and future elections.
60.92% of voters voted for the Republican party in the 2020 Presidential Election
37.30% of voters voted for the Democrat party in the 2020 Presidential Election
1.16% of voters voted for the Livertarian party in the 2020 Presidential Election
0.01% of voters voted for the Green party in the 2020 Presidential Election
0.61% of voters voted for the Other party in the 2020 Presidential Election
School Data
Monroe County, Wisconsin's student-to-teacher ratio has fluctuated over the last nine years, peaking at nearly 17 in 2014 and easing to about 14.4 by 2018, with the current ratio around 15, slightly above the US national average of 14. These trends might influence family decisions, particularly for those prioritizing smaller class sizes, and could also catch the eye of educational facility investors and real estate professionals. Shifting demographics or changes in educational funding could be... Read more
Student-to-teacher ratio in Monroe County, Wisconsin over the last 9 years
Monroe County, Wisconsin exhibits fluctuating student-to-teacher ratios over the past nine years, peaking at nearly 17 in 2014 and easing to about 14.4 in 2018. The current ratio hovers around 15, slightly above the US national average of 14. These trends could potentially influence decisions for families prioritizing smaller class sizes, investors in educational facilities, real estate agents, and appraisers assessing property values tied to school districts. Fluctuations in these ratios might suggest shifting demographics or changes in educational funding, affecting both housing market dynamics and community investments.
