Pepin County Real Estate and Livability Trends
Pepin County, Wisconsin might be seeing a boost in its real estate market with the average home value jumping from $141,800 in 2015 to $178,500 in 2022, aligning more closely with national trends. The rise in average taxable income to $85,309.75 in 2021 suggests a robust local economy, hinting at heightened demand for upscale properties. Real estate taxes have also increased notably, from... Read more
Pepin County Market Trends
Pepin County, Wisconsin's real estate market has seen steady home value growth from $141,800 in 2015 to $178,500 in 2022, mirroring national trends more closely than the rest of Wisconsin. The average residential energy tax credits per tax return have exhibited peaks and troughs, indicating variable resident interest in energy-efficient improvements. Real estate taxes have generally risen, with a... Read more
Median Value of Occupied Housing Units in Pepin County, Wisconsin Over the Last 8 Years
Pepin County, Wisconsin's median home values have shown a steady upward trend over the last eight years, with values moving from $141,800 in 2015 to $178,500 in 2022. While this growth might seem modest compared to the state of Wisconsin, where home values soared from $165,800 to $231,400 in the same period, it suggests a more consistent and potentially stable investment environment. Nationally, home values rose from $125,500 to $179,400, aligning closely with the trend in Pepin County, hinting that this county's market reflects broader national patterns. Whether you're investing, moving, or simply interested in property in Pepin County, this balanced growth trajectory could imply more predictable returns and fewer market shocks.
Residential Energy Tax Credit Per Tax Return in Pepin County, WI Over the Last 8 Years
Over the last eight years, Pepin County, Wisconsin has seen fluctuations in average residential energy tax credits per tax return, with notable peaks in 2015 ($500.00) and 2019 ($500.00). The highest average credit was in 2016 at $537.50, while the lowest was in 2013 at $333.33. These fluctuations may suggest varying levels of investment in energy-efficient home improvements among residents. Real estate agents and property developers might find this useful for gauging local interest in energy-efficient homes, while appraisers and insurance agents can use this data to better understand potential impacts on property values and insurance premiums. Investors might also see opportunities in the energy sector based on these trends.
Average Real Estate Taxes Per Tax Return in Pepin County, WI Over the Last 10 Years
Average real estate taxes per tax return in Pepin County, Wisconsin have generally shown an upward trajectory over the last decade. Notably, there was a substantial increase from $3730.85 in 2012 to $6341.67 in 2021, reflecting changing economic conditions and possibly an escalating demand for property in the area. While values fluctuated slightly between 2013 and 2016, there was a more pronounced rise post-2017. This trend might suggest increasing property valuations or enhanced public services and infrastructure demanding higher revenue, rendering the place of interest to investors, new residents, appraisers, insurance agents, builders, and real estate professionals.
Percentage of Farm Returns in Pepin County, WI Over the Last 10 Years
Pepin County, Wisconsin has experienced some fluctuation in the percentage of farm tax returns over the past decade. The data shows percentages hovering around the 10% mark, with slight increases in 2013 (10.95%) and small declines in recent years, down to 9.22% in 2021. Farm tax returns typically reflect filings from agricultural businesses and can be an indicator of the local farming economy's health, making this trend noteworthy for potential investors, property developers, and residents interested in the viability and support of farming activities within the county.
Number of Mortgages by Occupancy Type in Pepin County, WI Over the Last 5 Years in Pepin County
In Pepin County, Wisconsin, the mortgage counts for principal residences have fluctuated considerably over the last five years, peaking in 2020 with 416 compared to a low of 204 in 2018. Investment property mortgages have generally seen fewer changes, staying in the range of 13 to 24 during the same period. Mortgages for second residences showed minor variations, peaking at 27 in 2021 but often remaining close to 20. Shifting occupancy types can inform potential investors about where demand lies and how property use trends may affect market stability. For insurance agents and appraisers, the dominant occupancy type can signal risk levels and property values, while real estate agents could leverage this data to target the most promising clients in a given period.
Economic Outlook
The real estate market in Pepin County, Wisconsin might be heating up, buoyed by a noticeable rise in average taxable income per tax return, peaking at $85,309.75 in 2021. This upward trend suggests growing local economic strength, potentially increasing demand for higher-value homes. State and local income taxes have also surged, hitting $16,441.67 in 2020 before a dip, which might indicate a changing economic landscape or tax policy shifts. Moreover, the average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Pepin County, WI over the last 9 years
The average taxable income per tax return in Pepin County, Wisconsin has shown notable fluctuations over the past nine years, with a general upward trend. There were dips such as in 2016 when the average fell to $56,818.70, but more significantly, significant growth has been observed, particularly in recent years. By 2021, the average taxable income soared to $85,309.75. This could suggest a strengthening local economy, making the county potentially attractive for investors and those considering relocation. Property developers and real estate agents might find this trend particularly interesting as a higher average income often correlates with increased spending power and demand for higher-value homes.
Average State and Local Income Taxes Per Tax Return in Pepin County, WI Over the Last 10 Years
Over the last decade, Pepin County in Wisconsin experienced noticeable fluctuations in average state and local income taxes per tax return. Starting at $6,586.21 in 2012, there was a steady increase, peaking dramatically at $16,441.67 in 2020. Although 2021 showed a slight decrease to $12,690.91, the general upward trend may suggest a growing local economy or changes in tax policy. This information could be particularly useful for investors, appraisers, and real estate agents looking to understand the economic landscape and tax implications in Pepin County.
Average Total Tax Liability Per Tax Return in Pepin County, WI Over the Last 10 Years
Over the last decade, Pepin County, Wisconsin has seen a fluctuating average total tax liability per tax return with notable peaks and troughs. Starting at roughly $9,146.95 in 2012, there was a significant drop in 2013 to about $7,515.65. However, by 2018, it surged to around $12,000.38 and continued to rise, peaking dramatically in 2021 at approximately $15,515.81. These shifts could indicate changes in income levels, population dynamics, or fiscal policies affecting residents' tax burdens, making it crucial for potential investors and residents to consider these trends for future financial planning and property investments.
Cost of Living in Pepin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,066 | $1,379 | $2,172 | $1,841 | $1,576 |
| 1 adult 4 children | $1,066 | $1,126 | $1,663 | $1,841 | $1,727 |
| 2 adults 3 children | $1,066 | $1,127 | $1,883 | $1,841 | $1,308 |
| 1 adult 3 children | $1,066 | $920 | $1,374 | $1,841 | $1,462 |
| 2 adults 2 children | $826 | $922 | $1,595 | $1,589 | $1,042 |
| 1 adult 2 children | $826 | $689 | $1,086 | $1,589 | $1,104 |
| 2 adults 1 child | $826 | $729 | $1,306 | $769 | $869 |
| 1 adult 1 child | $826 | $471 | $797 | $769 | $760 |
| 2 adults | $631 | $586 | $1,018 | $0 | $625 |
| 1 adult | $579 | $319 | $509 | $0 | $552 |
Safety trends & Data
Pepin County, Wisconsin has seen fluctuations in property crime over the last five years, with diverse crime types impacting the area differently each year. Notably, 2019 saw a spike in larceny-theft incidents to 7, while motor vehicle thefts fell to 1, and fraud incidents increased to 4. The county witnessed a significant reduction in arson and vandalism by 2022. These shifting patterns in criminal activity could potentially affect real estate investment decisions, property values, and... Read more
Property Crime Trends in Pepin County, WI Over the Last 5 Years
Over the past five years, Pepin County, Wisconsin has seen some fluctuation in property crime rates. In 2018, there was a notable variety of offenses including 4 burglaries, 3 motor vehicle thefts, and various other crimes, totaling up to six distinct categories. By 2019, larceny-theft incidents spiked to 7 while motor vehicle thefts decreased to 1, and fraud saw a notable count of 4. The diversity of crimes persisted into 2020 and beyond, though specific kinds dropped off in certain years—such as a significant reduction in arson and vandalism by 2022. Overall, changes in specific crime types indicate shifting criminal activity patterns that could influence real estate investment, property values, and insurance implications in this rural county.
Demographics
Pepin County, Wisconsin, displays a slight male majority among adults, which may influence social and economic dynamics locally. The educational attainment landscape suggests a well-educated population with a significant portion having completed high school and some higher education, although fewer hold advanced degrees. Age distribution reveals a substantial number of residents aged 55 and older, hinting at an aging population that could impact healthcare services and senior support needs.... Read more
Race Distribution in Pepin County, Wisconsin (2022)
Educational Attainment in Pepin County, Wisconsin (2022)
Age Distribution in Pepin County, Wisconsin
Citizen Population in Pepin County, Wisconsin (2022)
Political Trends & Data
Pepin County in Wisconsin showed a strong Republican inclination in the 2020 U.S. Presidential Election, with Republican candidates capturing around 62.4% of the vote. Democrats followed with roughly 35.9%, highlighting some significant, albeit smaller, support. Libertarian and Green party candidates, along with other minor parties, managed only minimal percentages, indicating limited third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pepin County, in Wisconsin, saw Republican candidates securing approximately 62.4% of votes in the 2020 U.S. Presidential Election, suggesting a strong Republican leaning. Democrats possibly received about 35.9% of the vote, indicating a significant yet smaller base of support. Libertarian and Green parties, along with other smaller parties, garnered minimal percentages, implying limited influence or voter turnout for third-party candidates.
62.36% of voters voted for the Republican party in the 2020 Presidential Election
35.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.23% 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
0.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pepin County, Wisconsin has maintained a stable student-to-teacher ratio of approximately twelve students per teacher over the last nine years, consistently below the national average of fourteen. This lower ratio suggests more individualized attention for students, which could be a significant selling point for families prioritizing education quality. Real estate agents, appraisers, and insurance agents might find this appealing, potentially influencing property values and policy selections in... Read more
Student-to-teacher ratio in Pepin County, Wisconsin over the last 9 years
Over the last nine years, Pepin County, Wisconsin has seen a relatively stable student-to-teacher ratio, fluctuating narrowly around twelve students per teacher. This metric, which has stayed below the national average of fourteen students per teacher, could be significant for anyone looking to invest, move to, or build property in the area. A lower student-to-teacher ratio often implies more individualized attention for students, potentially enhancing educational outcomes. For real estate agents and appraisers, this could be a selling point for families prioritizing education quality. Additionally, insurance agents might find the community more appealing to families, potentially impacting policy selections and rates.
