Portage County Real Estate and Livability Trends
Portage County, Wisconsin, is seeing robust economic growth with average taxable income per tax return jumping from $52,462.30 in 2013 to $77,091.84 in 2021. This economic uptick is accompanied by rising property values, median home prices growing from $151,700 in 2015 to $214,700 in 2022. However, this prosperity comes at a cost, with state and local income taxes surging from $6,359.14 in 2012... Read more
Portage County Market Trends
Portage County, Wisconsin's median home values have climbed steadily from $151,700 in 2015 to $214,700 in 2022, showcasing promising potential for property value appreciation, albeit at a pace below the statewide increase. The substantial fluctuations in average residential energy tax credits peaking at $2433.33 in 2018 suggest a dynamic landscape for energy-efficient investments. A marked rise... Read more
Median Value of Occupied Housing Units in Portage County, Wisconsin Over the Last 8 Years
Portage County, Wisconsin has shown a consistent upward trend in median home values over the last 8 years, with a substantial increase from $151,700 in 2015 to $214,700 in 2022. Compared to Wisconsin's overall median home values, which increased from $165,800 in 2015 to $231,400 in 2022, Portage County's growth appears somewhat stable but below the state's pace. Nationally, the median value climbed from $125,500 in 2015 to $179,400 in 2022, making Portage County's 2022 median home value roughly 20% higher than the national figure. For anyone considering investing or moving to the area, these trends may suggest promising potential for property value appreciation in Portage County relative to broader regional markets.
Residential Energy Tax Credit Per Tax Return in Portage County, WI Over the Last 9 Years
Portage County, Wisconsin has witnessed significant fluctuations in average residential energy tax credits per tax return over the last nine years, peaking dramatically in 2018 at $2433.33. The typical value has generally trended upwards with notable variability, suggesting a combination of policy changes and varying levels of homeowner investment in energy-efficient upgrades. This data may entice investors to consider the county's receptiveness to energy-efficient improvements, influencing both property values and operational costs. Real estate agents and appraisers might view these trends as potential leverage points, while decision-makers in construction and property development can strategize based on potential future incentives.
Average Real Estate Taxes Per Tax Return in Portage County, WI Over the Last 10 Years
Portage County, Wisconsin has seen a noticeable increase in average real estate taxes per tax return over the last decade. Starting at $3,746.78 in 2012, property taxes rose steadily, nearly doubling to $5,941.61 by 2021. This significant rise suggests an increase in property values or tax rates, impacting potential investors, homeowners, and real estate professionals alike. Appraisers and insurance agents might find this trend relevant for adjusting property valuations and premiums. For those considering moving to or investing in the area, this uptick in taxes could reflect a booming real estate market but also higher ongoing costs.
Percentage of Farm Returns in Portage County, WI Over the Last 10 Years
Farm tax returns in Portage County, Wisconsin have shown a slight but steady decline over the last decade, dipping from approximately 2.89% in 2012 to about 2.43% in 2021. This trend could suggest a gradual reduction in the number of active farming operations or possibly a shift in the agricultural landscape. These changes could impact decisions for potential investors, developers, and residents, as they might indicate evolving economic conditions and land use priorities.
Number of Mortgages by Occupancy Type in Portage County, WI Over the Last 5 Years in Portage County
Portage County, Wisconsin has seen fluctuating mortgage counts for principal residences over the last five years, peaking in 2021 with 3,591 and dipping in 2022 to 2,068. Investment properties and second residences remain relatively stable but significantly lower in volume compared to principal residences. For investors and developers, these trends suggest a stronger demand for homes intended for primary occupancy, which could imply a growing local population or increased homeownership aspirations. Shifts in these figures can influence property values and insurance premiums, impacting the attractiveness of the area for new developments or real estate investments.
Economic Outlook
Portage County, Wisconsin has experienced a significant increase in average taxable income per tax return, rising from $52,462.30 in 2013 to $77,091.84 in 2021. This suggests growing affluence in the area, which might interest investors and those looking to relocate. However, the county has also seen a sharp rise in state and local income taxes, jumping from $6,359.14 in 2012 to $21,136.49 in 2021, particularly increasing from 2018 onward. This could affect long-term affordability and property... Read more
Average Taxable Income per Tax Return in Portage County, WI over the last 9 years
Portage County, Wisconsin has seen a notable increase in average taxable income per tax return over the past nine years. From $52,462.30 in 2013, the amount has steadily risen, hitting $77,091.84 in 2021. This upward trend suggests a growing affluence in the region, which might appeal to investors, real estate agents, and those seeking to relocate. With a near-consistent annual increase, the county appears to offer promising opportunities for economic growth and stability.
Average State and Local Income Taxes Per Tax Return in Portage County, WI Over the Last 10 Years
Portage County, Wisconsin has seen a significant rise in average state and local income taxes per tax return over the past decade. From $6,359.14 in 2012 to $21,136.49 in 2021, there's been a notable upward trend, especially sharp from 2018 onward. Potential investors, real estate agents, insurance agents, and prospective homeowners should keep an eye on these increasing tax liabilities, as it could impact long-term affordability and property values in the area.
Average Total Tax Liability Per Tax Return in Portage County, WI Over the Last 10 Years
Over the past decade, Portage County, Wisconsin has seen a notable increase in the average total tax liability per tax return. Starting at $8,014.88 in 2012, it gradually climbed with slight fluctuations, peaking dramatically at $12,127.50 in 2021. This sharp rise in 2021 could indicate economic growth or changes in tax policies within the county. The trend suggests a growing financial responsibility for residents, which can impact decisions for potential investors, property developers, and real estate agents assessing market dynamics in the area. Appraisers and insurance agents might also find this information relevant for evaluating property values and coverage needs, respectively.
Cost of Living in Portage County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,154 | $1,544 | $1,883 | $1,841 | $1,514 |
| 1 adult 4 children | $1,154 | $1,261 | $1,440 | $1,841 | $1,670 |
| 2 adults 3 children | $1,154 | $1,262 | $1,634 | $1,841 | $1,252 |
| 1 adult 3 children | $1,154 | $1,030 | $1,191 | $1,841 | $1,411 |
| 2 adults 2 children | $904 | $1,033 | $1,385 | $1,589 | $1,001 |
| 1 adult 2 children | $904 | $771 | $942 | $1,589 | $1,057 |
| 2 adults 1 child | $904 | $816 | $1,136 | $769 | $835 |
| 1 adult 1 child | $904 | $527 | $692 | $769 | $738 |
| 2 adults | $703 | $656 | $886 | $0 | $602 |
| 1 adult | $604 | $358 | $443 | $0 | $526 |
Safety trends & Data
Portage County, Wisconsin has experienced fluctuations in property crime over the past five years, with larceny-theft being the most common. Notable spikes in fraud were seen around 2020, and vandalism peaked in 2021. Arson and embezzlement cases remain relatively rare. For investors, developers, and real estate agents, these trends are essential for assessing risk and strategic planning. Insurance agents can use these insights for evaluating coverage needs, while potential residents might... Read more
Property Crime Trends in Portage County, WI Over the Last 5 Years
Portage County, Wisconsin has seen some fluctuations in property crime over the last five years, with larceny-theft remaining the most frequently reported crime. Other significant trends include notable spikes in fraud around 2020 and higher instances of vandalism peaking in 2021. However, there have been generally fewer arson and embezzlement cases. For investors, property developers, and real estate agents, understanding these trends can help in assessing risk and strategic planning for areas with recurrent property crimes. Such insights are also crucial for insurance agents in evaluating coverage needs and for potential residents considering the safety of relocating to the area.
Demographics
Portage County, Wisconsin, shows a slightly higher male adult population compared to females. Educational attainment highlights a substantial segment with only a high school diploma or some college but no degree; however, a notable portion has achieved bachelor’s and graduate degrees. The age distribution is diverse, with significant populations in both the younger (20-34) and older age brackets (55-64), which might indicate a balanced mix of working-age individuals and retirees. The racial... Read more
Race Distribution in Portage County, Wisconsin (2022)
Educational Attainment in Portage County, Wisconsin (2022)
Age Distribution in Portage County, Wisconsin
Citizen Population in Portage County, Wisconsin (2022)
Political Trends & Data
Portage County in Wisconsin showed nearly balanced political preferences in the 2020 U.S. Presidential Election, with Democratic candidates receiving around 50.3% of the votes and Republicans close behind at approximately 47.5%. Minimal support went to third-party candidates, suggesting Portage could be a swing county in future elections. This nuanced political landscape could influence local real estate trends, affecting buyer interest and demand in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Portage County in Wisconsin showed a slight preference for Democratic candidates in the 2020 U.S. Presidential Election, with around 50.3% of votes. Republicans were a close second at approximately 47.5%. Third-party candidates, including Libertarians and Greens, garnered minimal support, together making up just about 1.6% of the vote. This distribution might indicate a relatively balanced political landscape, potentially making Portage a noteworthy swing area in future elections.
47.53% of voters voted for the Republican party in the 2020 Presidential Election
50.31% of voters voted for the Democrat party in the 2020 Presidential Election
1.58% of voters voted for the Livertarian party in the 2020 Presidential Election
0.08% of voters voted for the Green party in the 2020 Presidential Election
0.50% of voters voted for the Other party in the 2020 Presidential Election
School Data
Portage County, Wisconsin, has seen notable fluctuations in its student-to-teacher ratio over the past nine years, with dramatic spikes in 2018 and 2019, reaching nearly 35 students per teacher. These figures significantly surpass the national average of 14, raising potential concerns for families considering relocation. For real estate agents, this presents a double-edged sword, influencing discussions around educational quality and infrastructure. Investors and appraisers might also weigh... Read more
Student-to-teacher ratio in Portage County, Wisconsin over the last 9 years
The student-to-teacher ratio in Portage County, Wisconsin has seen considerable fluctuations over the past nine years, spiking dramatically in 2018 and 2019 with ratios reaching 31 and nearly 35 students per teacher, respectively. These ratios far exceed the national average of 14, which might raise concerns for families considering moving to the area or for investors evaluating the demand for quality educational infrastructure. For real estate agents, such high ratios might be a talking point, both positively and negatively, depending on current trends and anticipated changes. Insurance agents and appraisers could also factor in the quality and performance of local schools as part of their assessments, given the potential implications on property values.
