Polk County Real Estate and Livability Trends
Polk County, Wisconsin, has seen an uptick in average taxable income per tax return from $49,389.01 in 2013 to $70,694.41 in 2021, despite a small dip in 2016, which may signal stronger economic conditions and increased disposable income. The median home value has also surged from $155,100 in 2015 to $222,800 in 2022, outpacing both state and national trends. Residential energy tax credits hit a... Read more
Polk County Market Trends
Polk County, Wisconsin has seen its median home value climb from $155,100 in 2015 to $222,800 in 2022, outpacing both national and state trends. Residential energy tax credits peaked dramatically in 2018 at $3,040.00, possibly due to increased energy-efficient home investments or policy changes. Real estate taxes have generally risen, reaching $5,118.80 in 2020, reflecting higher property values... Read more
Median Value of Occupied Housing Units in Polk County, Wisconsin Over the Last 8 Years
Over the last eight years, Polk County, Wisconsin has seen its median home value increase from $155,100 in 2015 to $222,800 in 2022. This growth outpaces both the national trend, which saw home values climb from $125,500 to $179,400, and the state of Wisconsin, where values rose from $165,800 to $231,400 during the same period. This consistent rise in home values may indicate strong demand and potential investment opportunities in Polk County.
Residential Energy Tax Credit Per Tax Return in Polk County, WI Over the Last 9 Years
Over the past nine years, residential energy tax credits per tax return in Polk County, Wisconsin have experienced significant fluctuations. The average credit spiked dramatically in 2018 to $3,040.00, which might be indicative of either a policy change or an increase in energy-efficient home investments during that year. Other considerable peaks occurred in 2017 and 2019, where the credits averaged $760.87 and $948.28 respectively. The data suggests that there could be underlying factors driving larger energy efficiency investments or possibly varied tax incentives or rebates contributing to these trends. For investors, builders, and real estate agents in Polk County, understanding these changes can provide insights into the area's energy efficiency trends and potential future incentives.
Average Real Estate Taxes Per Tax Return in Polk County, WI Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Polk County, Wisconsin have seen a noticeable upward trend. Starting at $3,765.00 in 2012, the figure has consistently increased, peaking at $5,118.80 by 2020. Although 2021 saw a minor dip to $5,114.63, the overall trend indicates a significant rise in tax burdens. This information may be crucial for potential investors, home buyers, and real estate professionals to consider, reflecting rising property values and possibly higher living costs in the county.
Percentage of Farm Returns in Polk County, WI Over the Last 10 Years
Over the last decade, Polk County, Wisconsin, has seen a steady decline in the percentage of farm tax returns, starting at approximately 5.19% in 2012 and dropping to around 4.03% by 2021. For those looking to invest in or move to the area, this trend may suggest a gradual shift away from traditional farming activities. Farm tax returns represent the income reported by agricultural operations for tax purposes, and declining returns could mean a shift towards other industries or a consolidation of farming operations within the county. This could impact land prices, local economy, and the availability of agricultural products, making it crucial to consider broader economic factors when planning investments or property development in the region.
Number of Mortgages by Occupancy Type in Polk County, WI Over the Last 5 Years in Polk County
Polk County, Wisconsin has seen fluctuations in mortgage counts over the last five years with a significant dominance in principal residence mortgages. Notable is the peak in 2020, followed by a decline in 2022 across all occupancy types. This variability is crucial for investors and real estate agents, as it highlights demand shifts and potential opportunities. For appraisers and insurance agents, understanding these patterns can guide risk assessment and property valuation. Shifts toward fewer investment properties might indicate changing market conditions or investor sentiments, impacting those considering property development or movement into the area.
Economic Outlook
In Polk County, Wisconsin, the average taxable income per tax return has trended upward from $49,389.01 in 2013 to $70,694.41 in 2021, despite a minor dip in 2016. This suggests increasing economic health and possibly greater disposable income, which could be appealing for real estate investors and those seeking new opportunities in the area. Coupled with rising state and local income taxes, climbing from $5247.16 in 2012 to $9945.22 in 2021, and a substantial increase in total tax liability,... Read more
Average Taxable Income per Tax Return in Polk County, WI over the last 9 years
Over the past nine years in Polk County, Wisconsin, the average taxable income per tax return has seen a notable upward trend, rising from $49,389.01 in 2013 to $70,694.41 in 2021. While there was a slight decline in 2016, the overall growth signifies increasing economic health and potentially greater disposable income. This trend could draw interest from real estate investors, appraisers, and those planning to move to the area due to the likely correlation with rising property values and spending power. Insurance agents might also see denser opportunity here as higher incomes often lead to more substantial asset coverage needs.
Average State and Local Income Taxes Per Tax Return in Polk County, WI Over the Last 10 Years
Polk County, Wisconsin has seen a notable rise in average state and local income taxes per tax return over the last decade. Starting at $5247.16 in 2012, there has been a general upward trend, peaking at $9945.22 in 2021. This considerable increase could suggest either rising income levels, changes in tax policies, or other economic factors impacting the area. This information is crucial for potential investors, real estate agents, and anyone considering relocating or building in the region as it highlights possible shifts in the financial landscape.
Average Total Tax Liability Per Tax Return in Polk County, WI Over the Last 10 Years
Over the past decade, Polk County, Wisconsin has seen a notable increase in the average total tax liability per tax return, rising from $6,617.81 in 2012 to $9,880.94 in 2021. This consistently upward trend, particularly the sharp jump between 2020 and 2021, might signal growing economic activity or shifts in financial regulations affecting residents. For investors, builders, real estate agents, and current residents, this data could imply changes in the economic landscape that merit closer examination. Such trends might influence decisions on property value predictions, tax planning, and investment opportunities within the county.
Cost of Living in Polk County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,171 | $1,472 | $2,047 | $1,494 | $1,472 |
| 1 adult 4 children | $1,171 | $1,202 | $1,567 | $1,494 | $1,628 |
| 2 adults 3 children | $1,171 | $1,202 | $1,776 | $1,494 | $1,207 |
| 1 adult 3 children | $1,171 | $982 | $1,295 | $1,494 | $1,350 |
| 2 adults 2 children | $962 | $984 | $1,504 | $1,297 | $995 |
| 1 adult 2 children | $962 | $735 | $1,024 | $1,297 | $1,039 |
| 2 adults 1 child | $962 | $778 | $1,232 | $656 | $874 |
| 1 adult 1 child | $962 | $502 | $752 | $656 | $768 |
| 2 adults | $731 | $625 | $961 | $0 | $651 |
| 1 adult | $643 | $341 | $480 | $0 | $568 |
Safety trends & Data
Property crime in Polk County, Wisconsin exhibits distinct trends that could heavily influence property investments. Larceny-Theft saw a significant spike in 2022 with 138 incidents, up from just 39 in 2020. Although burglary rates have decreased overall, they slightly ticked up to 15 after hitting a low of 7 in 2020. Vandalism and Fraud show no clear pattern, while Motor Vehicle Theft shows slight increases. These crime fluctuations highlight the need for customized insurance policies for... Read more
Property Crime Trends in Polk County, WI Over the Last 5 Years
Property crime in Polk County, Wisconsin has seen varying trends over the past five years. Larceny-Theft remains the most frequent, with a notable spike in 2022 at 138 incidents, up from a dip in 2020 with 39 incidents. Burglary rates have generally decreased, hitting a low of 7 in 2020, but slightly increasing to 15 in subsequent years. Vandalism and Fraud incidents fluctuate without a clear trend, while categories like Motor Vehicle Theft exhibit minor increases. These crime patterns could inform decisions on property investments and emphasize the importance of tailored insurance policies in the county.
Demographics
Polk County, Wisconsin, exhibits a near-equal gender split among its adult population. Educational attainment patterns show a significant portion of residents have completed high school, but less have pursued higher education. Age distribution indicates a noticeable aging population, particularly in the 55 to 64-year bracket, which could impact local services and economy. Racial diversity seems limited, with a dominant White population and smaller representations of other racial groups. These... Read more
Race Distribution in Polk County, Wisconsin (2022)
Educational Attainment in Polk County, Wisconsin (2022)
Age Distribution in Polk County, Wisconsin
Citizen Population in Polk County, Wisconsin (2022)
Political Trends & Data
Polk County, Wisconsin, tends to lean Republican, with the party securing around 63% of the vote in the 2020 U.S. Presidential Election. Democrats garnered about 36% of the vote, while Libertarians trailed with just over 1%. Such voting patterns may suggest a strong Republican influence in the area, although broader state and national trends should be considered to gain a deeper... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Polk County, Wisconsin, appears to lean predominantly Republican, with Republicans securing roughly 63% of the vote in the 2020 U.S. Presidential Election, compared to Democrats at about 36%. Libertarians trailed significantly with just over 1%, and other parties garnered negligible percentages. These voting patterns potentially indicate a strong Republican influence within the county, although it's important to consider broader state and national dynamics for a fuller understanding.
62.99% of voters voted for the Republican party in the 2020 Presidential Election
35.53% of voters voted for the Democrat party in the 2020 Presidential Election
1.10% of voters voted for the Livertarian party in the 2020 Presidential Election
0.04% of voters voted for the Green party in the 2020 Presidential Election
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Polk County, Wisconsin, the student-to-teacher ratio has decreased from 14:1 in 2014 to around 13:1 in 2023, putting it below the national average. This trend could appeal to families seeking smaller class sizes and personalized attention in education, potentially boosting property desirability and stability. Realtors, appraisers, and insurance agents might find this particularly relevant when considering the quality of local schools as a factor in property... Read more
Student-to-teacher ratio in Polk County, Wisconsin over the last 9 years
In Polk County, Wisconsin, the student-to-teacher ratio has generally trended downward over the past nine years, starting at 14 students per teacher in 2014 and declining to about 13 in 2023. This recent figure is below the national average of 14 students per teacher, indicating potentially smaller class sizes, which may appeal to families looking for more personalized attention in education. For real estate agents and those considering relocating, this could signal a draw for families prioritizing education. Additionally, appraisers and insurance agents might observe increased property desirability and stability in areas with lower student-to-teacher ratios due to the associated perceived quality of education.
