Price County Real Estate and Livability Trends
In Price County, Wisconsin, the average home value hit $136,400 in 2022, trailing behind state and national growth rates, potentially signaling a more affordable and less competitive market. Real estate taxes have risen, averaging $4,460.00 by 2021, which could reflect increasing property values or local tax hikes—crucial intel for investors and residents. A drop in farm tax returns to 3.53% in... Read more
Price County Market Trends
Price County, Wisconsin's steady home value growth to $136,400 in 2022 remains slower than state and national trends, which could spell opportunity in a less competitive market. Fluctuating residential energy tax credits, peaking at $940.00 in 2019, highlight a growing focus on energy efficiency that real estate investors and appraisers should note. Rising real estate taxes, averaging $4,460.00... Read more
Median Value of Occupied Housing Units in Price County, Wisconsin Over the Last 8 Years
The median home values in Price County, Wisconsin have seen a steady, albeit mild, growth from $116,700 in 2015 to $136,400 in 2022. This contrasts with the more pronounced climb in both the state of Wisconsin, from $165,800 to $231,400, and the national trend, where median values surged from $125,500 to $179,400 in the same period. Price County's slower rate could potentially present investment opportunities for those looking for less expensive housing in Wisconsin's real estate market.
Residential Energy Tax Credit Per Tax Return in Price County, WI Over the Last 8 Years
Price County, Wisconsin has seen significant fluctuations in the average residential energy tax credit per tax return over the past eight years. Starting at approximately $288.89 in 2013, the amount peaked notably in 2019 at $940.00 before settling at around $900.00 in 2021. This suggests a growing emphasis on energy-efficient improvements and perhaps reflects the increasing incentives available for sustainable home enhancements. For those in real estate, appraising, or looking to invest, this trend could be key in evaluating property values and investment opportunities related to energy efficiency. Insurance agents might also consider this data when assessing potential risks and benefits tied to modern, energy-efficient updates.
Average Real Estate Taxes Per Tax Return in Price County, WI Over the Last 10 Years
Over the past decade, Price County, Wisconsin, has seen a notable increase in average real estate taxes per tax return, jumping from around $3,354.25 in 2012 to approximately $4,460.00 by 2021. There was a significant spike in 2018, with a rise to about $4,458.33, and since then, amounts have stabilized around this higher range. This uptick might suggest growing property values or increased local tax rates, factors that investors, new movers, real estate agents, and insurance agents should consider when evaluating the area.
Percentage of Farm Returns in Price County, WI Over the Last 10 Years
In the past decade, the percentage of farm tax returns in Price County, Wisconsin has shown a downward trend, decreasing from 4.87% in 2012 to about 3.53% in 2021. Farm tax returns indicate how many tax filings are associated with agricultural activities, which can reflect the health and scale of the local farming economy. For potential investors or those considering moving to or building property in the area, this decline might suggest a gradual reduction in agricultural activities, which could impact land values, local economy, and even lifestyle aspects related to rural farming communities.
Number of Mortgages by Occupancy Type in Price County, WI Over the Last 5 Years in Price County
The trend over the last five years in Price County, Wisconsin, shows a notable rise in mortgages for both principal and second residences, peaking in 2021, followed by a decline in 2022. Investment property mortgages, while fewer in number, have experienced slight increases. These changes in occupancy type can be significant for real estate investors and potential homeowners as they indicate shifting demand patterns, which ultimately influence property values and market competition. For appraisers and insurance agents, understanding these dynamics helps calibrate risk assessment and valuation models accurately. Builders and real estate agents might find these trends useful for identifying lucrative segments and tailoring their offerings accordingly.
Economic Outlook
In Price County, Wisconsin, the average taxable income per tax return has steadily increased over nine years, climbing from about $42,639.22 in 2013 to approximately $58,042.24 in 2021. Concurrently, the average state and local income taxes per tax return saw a notable rise from $5,063.50 in 2012 to $7,394.44 in 2021, with a sharp increase post-2017. This points to either higher earnings, increased tax rates, or both, which could influence investment decisions and cost of living. The average... Read more
Average Taxable Income per Tax Return in Price County, WI over the last 9 years
The average taxable income per tax return in Price County, Wisconsin, has shown a steady increase over the past nine years, rising from around $42,639.22 in 2013 to approximately $58,042.24 in 2021. This consistent growth in income could signal a strengthening local economy and may attract investors and new residents seeking robust economic opportunities. Real estate agents and property developers might find this upward trend encouraging for further development and investment. For appraisers and insurance agents, understanding this economic growth can be crucial in assessing property values and setting insurance premiums accordingly.
Average State and Local Income Taxes Per Tax Return in Price County, WI Over the Last 10 Years
Over the past decade, Price County, Wisconsin has seen a significant increase in average state and local income taxes per tax return, rising from $5,063.50 in 2012 to $7,394.44 in 2021. Notably, a sharp uptick is observed post-2017, suggesting either higher earnings, increased tax rates, or both. This trend could potentially impact investment decisions, cost of living calculations, and financial planning for those moving to or living in the county.
Average Total Tax Liability Per Tax Return in Price County, WI Over the Last 10 Years
Price County, Wisconsin exhibits a fluctuating yet generally upward trend in average total tax liability per tax return over the past decade. Beginning at $5,639.92 in 2012, the figure has notably increased to $7,687.05 in 2021. This rise could suggest economic growth or changes in tax policies. Such trends may influence decisions of potential investors, appraisers, and real estate agents considering this area for future endeavors. It also holds relevance for existing residents weighing the financial landscape of their community.
Cost of Living in Price County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,115 | $1,420 | $2,030 | $1,183 | $1,313 |
| 1 adult 4 children | $1,115 | $1,159 | $1,553 | $1,183 | $1,460 |
| 2 adults 3 children | $1,115 | $1,160 | $1,761 | $1,183 | $1,058 |
| 1 adult 3 children | $1,115 | $947 | $1,284 | $1,183 | $1,186 |
| 2 adults 2 children | $826 | $949 | $1,491 | $1,025 | $864 |
| 1 adult 2 children | $826 | $709 | $1,015 | $1,025 | $866 |
| 2 adults 1 child | $826 | $750 | $1,222 | $512 | $780 |
| 1 adult 1 child | $826 | $485 | $746 | $512 | $678 |
| 2 adults | $628 | $603 | $953 | $0 | $609 |
| 1 adult | $623 | $329 | $477 | $0 | $556 |
Safety trends & Data
Price County, Wisconsin has experienced noteworthy shifts in property crime trends over the past five years. Larceny-theft incidents notably dropped from 17 in 2019 to just 4 in 2021, while fraud cases peaked at 17 in 2018, then declined to 1 by 2022. Vandalism has seen intermittent spikes, hitting a high of 14 occurrences in 2020 before reducing to 9 by 2022. Motor vehicle thefts and burglaries have remained relatively stable, suggesting a nuanced crime landscape. These trends could inform... Read more
Property Crime Trends in Price County, WI Over the Last 5 Years
Price County, Wisconsin has seen fluctuations in property crime over the past five years. Larceny-theft incidents dropped sharply from 17 in 2019 to just 4 in 2021. Meanwhile, acts of fraud, which peaked at 17 cases in 2018, declined to 1 by 2022. Vandalism has intermittently increased, hitting a high of 14 occurrences in 2020, then reducing to 9 by 2022. Motor vehicle thefts and burglaries have remained relatively stable, though minor dips and peaks are observed. These trends suggest a decrease in certain crimes while others, like vandalism, might be more sporadic. This data could be crucial for potential investors, real estate agents, and residents looking to understand crime dynamics in the area.
Demographics
Price County, Wisconsin's demographic landscape in 2022 reveals a predominantly older population, with a significant proportion aged 55 years and older. Men slightly outnumber women, with 5,896 males compared to 5,533 females. The racial composition is overwhelmingly White, comprising most of the population, while other races collectively form a very small segment. Educationally, the majority of adults have a high school diploma or some college experience, though fewer hold bachelor's or... Read more
Race Distribution in Price County, Wisconsin (2022)
Educational Attainment in Price County, Wisconsin (2022)
Age Distribution in Price County, Wisconsin
Citizen Population in Price County, Wisconsin (2022)
Political Trends & Data
Price County in Wisconsin shows a strong conservative leaning, with Republicans potentially securing over 63% of votes in the 2020 U.S. Presidential Election. Democrats may have received approximately 35%, highlighting a notable but smaller presence. Libertarians and other parties appear to have minimal impact, collectively making up less than 1% of the votes. This political landscape suggests that local policies and market trends could be significantly influenced by a conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Price County in Wisconsin appears to lean heavily Republican, with potentially over 63% of votes cast for the party in the 2020 U.S. Presidential Election. Democrats may have garnered around 35%, indicating a significant but lesser presence. Libertarians and other parties seem to command minimal influence, barely breaking the 1% mark collectively. This distribution suggests political dynamics in Price County are likely shaped by a strong conservative base.
63.12% of voters voted for the Republican party in the 2020 Presidential Election
35.48% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% 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
0.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past nine years, Price County, Wisconsin, has generally maintained a student-to-teacher ratio below the national average of 14, peaking at 13 in 2014 and dropping to 11 in 2017. For investors, real estate agents, and families, a lower student-to-teacher ratio could signal more individualized attention and potentially better educational outcomes, enhancing the area's attractiveness. This lower ratio might also be crucial for appraisers and insurance agents, as properties in areas with... Read more
Student-to-teacher ratio in Price County, Wisconsin over the last 9 years
Over the past nine years, Price County, Wisconsin, has generally maintained a student-to-teacher ratio below the national average of 14 students per teacher. The ratio has experienced slight fluctuations, peaking at 13 in 2014 and dropping to as low as eleven in 2017. For investors, real estate agents, and families considering a move, a lower student-to-teacher ratio may indicate more individualized attention and potentially better educational outcomes, contributing to the area's attractiveness. Lower ratios could also be relevant for appraisers and insurance agents; properties in areas with better school systems may retain or increase their value, aligning with broader socioeconomic benefits.
