Richland County Real Estate and Livability Trends
In Richland County, Wisconsin, average home values have climbed to $161,600 in 2022 from $124,200 in 2015, though the growth lags behind state and national increases. Property taxes are notably up, averaging $5,019.23 in 2021 compared to $2,964.53 in 2012, potentially reflecting enhanced infrastructure or increased spending. Despite fewer farm tax returns, investment properties seem to be... Read more
Richland County Market Trends
Richland County home values have gradually risen to $161,600 in 2022 from $124,200 in 2015, trailing behind the larger increases seen across Wisconsin and the nation. Real estate taxes have also climbed, averaging $5,019.23 in 2021 compared to $2,964.53 in 2012, indicating possible property value boosts from enhanced infrastructure or higher spending. Residential energy tax credits have... Read more
Median Value of Occupied Housing Units in Richland County, Wisconsin Over the Last 8 Years
Over the past eight years, the median home values in Richland County, Wisconsin, have consistently risen from $124,200 in 2015 to $161,600 in 2022. While this upward trend aligns with broader national and state growth, Richland County's values remain notably lower. In comparison, Wisconsin's median home values surged from $165,800 to $231,400, and national values increased from $125,500 to $179,400 over the same period. This discrepancy presents an appealing opportunity for potential investors or homebuyers looking for more affordable real estate within the county while benefiting from statewide and national property appreciation trends.
Residential Energy Tax Credit Per Tax Return in Richland County, WI Over the Last 8 Years
Richland County, Wisconsin, has seen notable fluctuations in residential energy tax credits per tax return over the past eight years, with values ranging from a low of $200.00 in 2017 to a high of $566.67 in 2021. Interestingly, the year 2019 experienced a significant uptick at $488.89, followed by a slight decrease in 2020 before hitting the peak in 2021. This variability could suggest changing incentives or shifts in homeowner engagement with energy-efficient upgrades, potentially indicating the evolving landscape for energy use and savings opportunities in residential properties within the county. These insights might be useful for real estate agents, appraisers, and anyone interested in property investments or building developments in the area.
Average Real Estate Taxes Per Tax Return in Richland County, WI Over the Last 10 Years
Over the past decade, Richland County in Wisconsin has seen a notable increase in average real estate taxes per tax return, growing from around $2,964.53 in 2012 to approximately $5,019.23 by 2021. This upward trend may suggest a growing valuation of properties in the area, possibly influenced by improved local infrastructure, rising home prices, or increased county expenditure. For those considering investment or relocation, understanding this tax trajectory could be crucial, signaling both the potential for appreciating property values as well as the need for more substantial budgeting for taxes.
Percentage of Farm Returns in Richland County, WI Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Richland County, Wisconsin has shown a gradual decline, dropping from roughly 11.58% in 2012 to 9.75% in 2020. Farm tax returns, which represent income tax filings by agricultural operations, are critical indicators of the health and activity levels within the farming sector. This decreasing trend might hint at broader agricultural economic pressures or shifts in land use, potentially influencing decisions for investors, developers, and residents regarding the viability and future prospects of farming in the area.
Number of Mortgages by Occupancy Type in Richland County, WI Over the Last 5 Years in Richland County
Richland County, Wisconsin has seen fluctuations in mortgage counts across different occupancy types over the last five years. Notably, principal residences dominate the market, with a peak at 594 in 2020 and a slight decrease to 562 in 2022. Investment properties and second residences have lower and more varied counts, but increases in investment properties could suggest a growing interest in rental markets or speculative investments. These shifts in occupancy types could impact property values, insurance premiums, and market stability, making this data essential for investors, real estate agents, and policymakers who need to understand the evolving dynamics of the local real estate market.
Economic Outlook
In Richland County, Wisconsin, the average taxable income per tax return has grown from $42,618.09 in 2013 to $63,385.37 in 2021, hinting at a potentially strengthening local economy that could catch the eye of investors and homebuyers. Similarly, the average state and local income taxes have increased significantly from $5,004.35 in 2012 to $13,221.74 in 2021, potentially reflecting rising incomes or changing tax policies. The average total tax liability per tax return has also climbed from... Read more
Average Taxable Income per Tax Return in Richland County, WI over the last 9 years
In Richland County, Wisconsin, the average taxable income per tax return has seen a notable upward trend over the past nine years. Starting from approximately $42,618.09 in 2013, it has increased steadily, peaking at around $63,385.37 in 2021. This growth could suggest a strengthening local economy, which may be attractive for potential investors, homebuyers, and real estate professionals. Building and insuring properties in this area might align well with rising income levels, presenting opportunities for financial growth and stability.
Average State and Local Income Taxes Per Tax Return in Richland County, WI Over the Last 10 Years
Over the last decade, the average state and local income taxes per tax return in Richland County, Wisconsin have seen a notable upward trajectory. Starting at approximately $5,004.35 in 2012, the taxes have more than doubled, reaching around $13,221.74 by 2021. This steady increase, with a particularly sharp rise from 2018 onward, might reflect various factors such as rising incomes, changes in tax policies, or demographic shifts. For those considering relocating, investing, or building property in the area, understanding these trends could be crucial for financial planning and evaluating overall economic health.
Average Total Tax Liability Per Tax Return in Richland County, WI Over the Last 10 Years
Richland County, Wisconsin has seen a notable increase in the average total tax liability per tax return over the past decade. Starting from $5,524.51 in 2012, this figure has climbed steadily, peaking significantly in 2021 at $9,213.32. This upward trend may hint at a rising cost of living and economic growth, presenting potential implications for investors, real estate agents, and current or prospective residents. The spike in 2021 could suggest changes in tax policies or economic factors specific to that year, warranting further investigation for those with financial interests in the county.
Cost of Living in Richland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,104 | $1,387 | $1,642 | $1,774 | $1,328 |
| 1 adult 4 children | $1,104 | $1,133 | $1,253 | $1,774 | $1,518 |
| 2 adults 3 children | $1,104 | $1,133 | $1,425 | $1,774 | $1,098 |
| 1 adult 3 children | $1,104 | $925 | $1,037 | $1,774 | $1,270 |
| 2 adults 2 children | $826 | $928 | $1,209 | $1,537 | $896 |
| 1 adult 2 children | $826 | $693 | $821 | $1,537 | $945 |
| 2 adults 1 child | $826 | $733 | $993 | $769 | $759 |
| 1 adult 1 child | $826 | $474 | $605 | $769 | $687 |
| 2 adults | $725 | $589 | $776 | $0 | $575 |
| 1 adult | $554 | $321 | $388 | $0 | $495 |
Safety trends & Data
Property crime trends in Richland County, Wisconsin over the last five years show fluctuating rates, with larceny-theft peaking in 2019 at 50 cases, dropping to 5 in 2021, and rising again to 41 in 2022. Vandalism incidents have been more consistent, ranging between 7 and 16 cases annually. Burglary numbers decreased from 11 in 2018 to 4 in 2019 but slightly increased to 5 by 2022. Motor vehicle thefts are rare, and sporadic crimes like forgery, fraud, and embezzlement have minimal impact.... Read more
Property Crime Trends in Richland County, WI Over the Last 5 Years
Property crime trends in Richland County, Wisconsin, over the last five years suggest fluctuating rates and varying types of criminal activities. Larceny-theft consistently appears as the most frequent property crime, spiking notably in 2019 with 50 cases, dipping in 2021 to just 5 cases, and rising again to 41 cases in 2022. Vandalism has shown a steadier yet concerning presence, with values oscillating between 7 and 16 incidents annually. Burglary saw a significant drop from 2018 with 11 incidents to only 4 in 2019, but then it slightly increased again to 5 by 2022. Motor vehicle theft remains a minor concern with isolated occurrences. Though there are sporadic appearances of crimes like forgery, fraud, and embezzlement, their impact appears nominal. These trends could be essential for real estate developers, investors, and residents to understand the changing dynamics of property safety in this county.
Demographics
Richland County, Wisconsin, shows a nearly balanced gender distribution with males slightly outnumbering females. Educational attainment reflects a predominant high school graduation rate, with a substantial proportion having some college education or higher degrees. Age distribution leans towards an older demographic, notably with a significant population aged 55 to 64 years. Racially, the county remains predominantly White, with minor representations from other racial groups. These trends... Read more
Race Distribution in Richland County, Wisconsin (2022)
Educational Attainment in Richland County, Wisconsin (2022)
Age Distribution in Richland County, Wisconsin
Citizen Population in Richland County, Wisconsin (2022)
Political Trends & Data
Richland County, Wisconsin, leaned Republican in the 2020 U.S. Presidential Election, though there's a significant Democratic base too. Minor parties like the Libertarians had minimal impact, showing a strong two-party system. This political landscape may influence housing policies and community development preferences in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Richland County, Wisconsin, exhibited a lean toward the Republican party in the 2020 U.S. Presidential Election, suggesting potential conservative values among its voters. The Democratic party represented a significant portion, indicating a notable but smaller base. Minor parties like the Libertarians and others barely registered, hinting at the county's predominant two-party preferences.
54.04% of voters voted for the Republican party in the 2020 Presidential Election
44.32% of voters voted for the Democrat party in the 2020 Presidential Election
1.13% of voters voted for the Livertarian party in the 2020 Presidential Election
0.51% of voters voted for the Other party in the 2020 Presidential Election
School Data
Richland County, Wisconsin has exhibited some variation in its student-to-teacher ratio over the past nine years, peaking at around fifteen students per teacher in 2018 but generally close to the national average of 14. This fluctuation may suggest changing educational resources or student populations—factors that could matter to potential investors, real estate agents, and families considering moving to the area. Lower ratios often indicate more personalized student attention, a key selling... Read more
Student-to-teacher ratio in Richland County, Wisconsin over the last 9 years
Richland County, Wisconsin has seen some variation in its student-to-teacher ratio over the last nine years, peaking at approximately fifteen students per teacher in 2018 but generally hovering around the national average of 14. This could indicate fluctuating educational resources or changing student populations, which might matter to potential investors, real estate agents, and those looking to move to the area. Lower student-to-teacher ratios often suggest more personalized attention for students, which can be a selling point for families and may influence property values. Appraisers and insurance agents could also find these trends relevant when assessing the area's educational infrastructure and its implications for community development.
