Rusk County Real Estate and Livability Trends
Rusk County, Wisconsin's real estate market is manifesting several intriguing trends. Median home values have climbed to $144,800 in 2022, still below state and national medians. Average real estate taxes have also increased, suggesting rising property values. Notably, principal mortgage activities peaked in 2020 but dropped by 2022, indicating shifting housing demands. Residential energy tax... Read more
Rusk County Market Trends
Rusk County, Wisconsin has seen its median home values grow from $119,400 in 2021 to $144,800 in 2022, still trailing behind the national median of $179,400 and the state median of $231,400. Average real estate taxes per return have climbed from $2,947.66 in 2012 to $4,282.35 in 2021, with spikes suggesting rising property values. Residential energy tax credits spiked dramatically in 2021 to... Read more
Median Value of Occupied Housing Units in Rusk County, Wisconsin Over the Last 8 Years
Over the last eight years, the median home values in Rusk County, Wisconsin have experienced incremental growth with a more significant jump from 2021 to 2022, rising from around $119,400 to $144,800. While this value remains lower compared to the national median of $179,400 and the state median of $231,400 in 2022, this relatively steady and substantial increase could be appealing for investors looking for upward market potential. Residents and prospective homebuyers may also find this trend encouraging, indicating a potentially sound investment in a more affordable market.
Residential Energy Tax Credit Per Tax Return in Rusk County, WI Over the Last 8 Years
Over the past eight years in Rusk County, Wisconsin, the average residential energy tax credit per tax return has seen notable fluctuations. Figures ranged from approximately $226.32 in 2013 to a significant spike at $1,088.89 in 2021. This trend could indicate increasing home energy efficiency investments or possibly changing tax incentives. For potential investors, real estate agents, and insurance agents, these fluctuations could signal evolving property values and policy impacts.
Average Real Estate Taxes Per Tax Return in Rusk County, WI Over the Last 10 Years
Rusk County, Wisconsin has seen a consistent rise in average real estate taxes per tax return over the past decade, with a notable increase from around $2,947.66 in 2012 to approximately $4,282.35 in 2021. This upward trend suggests that homeowners and potential investors could expect gradually increasing property tax obligations. The significant jumps between 2017 and 2018, as well as continued growth through 2021, may indicate local government funding requirements or rising property values in the area. For appraisers, insurance agents, and real estate professionals, these figures could be crucial in evaluating property costs and making informed decisions.
Percentage of Farm Returns in Rusk County, WI Over the Last 10 Years
In Rusk County, Wisconsin, the percentage of farm returns has shown a slight decline over the past decade, dropping from approximately 7.66% in 2012 to around 6.39% in 2021. Farm tax returns, a critical indicator of agricultural activity, suggest a modest decrease in local farming operations. This trend may indicate changing economic conditions, such as rising operational costs or shifts towards other forms of land use. For those interested in investing, moving, or building property in Rusk County, it's crucial to consider how these shifts in agricultural participation might affect the local economy and land values.
Number of Mortgages by Occupancy Type in Rusk County, WI Over the Last 5 Years in Rusk County
In Rusk County, Wisconsin, mortgage activity over the last five years reveals notable trends in occupancy types. Principal residences consistently make up the majority of mortgage counts, peaking in 2020 with 629 mortgages but experiencing a significant drop to 393 by 2022. Investment properties show minimal fluctuations, maintaining a steady, low count throughout the period. Second residences exhibit a moderate decline, from 149 in 2020 to 60 in 2022. These changes in occupancy type matter because they reflect shifting housing demands, impacting housing inventory, rental market dynamics, and investment opportunities. For investors and real estate agents, understanding these trends helps navigate market conditions and optimize strategies. Appraisers and insurance agents can also glean insights into property valuations and risk assessments based on occupancy trends.
Economic Outlook
Rusk County, Wisconsin has seen an upward trend in average taxable income per tax return, rising from $39,253.57 in 2013 to $53,679.56 in 2021, reflecting a potentially strengthening local economy and higher wages. State and local income taxes per tax return have also increased, reaching $7,646.67 in 2021 from $4,685.12 in 2012, with spikes suggesting changes in economic conditions or tax policies. Additionally, average total tax liability per tax return has grown by over 50%, hitting a peak of... Read more
Average Taxable Income per Tax Return in Rusk County, WI over the last 9 years
Rusk County, Wisconsin has seen a notable upward trend in average taxable income per tax return over the past nine years, starting from $39,253.57 in 2013 and peaking at $53,679.56 in 2021. There was a significant increase between 2017 and 2018, with income jumping from $43,841.19 to $47,623.75. This overall rise could indicate a strengthening local economy and potentially higher wages, making it an interesting prospect for investors, real estate professionals, and those considering moving to the area. It also may impact property appraisals and insurance evaluations, reflecting a growing economic base.
Average State and Local Income Taxes Per Tax Return in Rusk County, WI Over the Last 10 Years
Over the past 10 years, there has been a noticeable increase in the average state and local income taxes per tax return in Rusk County, Wisconsin. Starting from $4,685.12 in 2012, the figure has risen to $7,646.67 by 2021. Particularly sharp spikes between 2017 and 2020 indicate potentially significant changes in local economic conditions or tax policy shifts. This consistent rise highlights a trend that could impact multiple stakeholders, from potential investors and homebuyers to real estate agents and insurance professionals.
Average Total Tax Liability Per Tax Return in Rusk County, WI Over the Last 10 Years
Over the last decade, Rusk County, Wisconsin has seen fluctuations in average total tax liability per tax return, with a general upward trend. From a low of about $4,580.78 in 2012 to a peak of approximately $6,954.60 in 2021, tax liabilities have increased by over 50%. Though there are occasional dips, such as in 2019, the overall rise suggests an expanding tax base possibly due to growth in property values and incomes. Those looking to invest or build in the area should consider this increasing tax liability, as it might impact long-term costs. Real estate agents and appraisers would find this trend useful for advising clients on financial planning and property value estimations.
Cost of Living in Rusk County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,031 | $1,424 | $2,163 | $1,774 | $1,548 |
| 1 adult 4 children | $1,031 | $1,163 | $1,656 | $1,774 | $1,693 |
| 2 adults 3 children | $1,031 | $1,163 | $1,875 | $1,774 | $1,276 |
| 1 adult 3 children | $1,031 | $949 | $1,369 | $1,774 | $1,421 |
| 2 adults 2 children | $826 | $952 | $1,588 | $1,537 | $1,032 |
| 1 adult 2 children | $826 | $711 | $1,081 | $1,537 | $1,085 |
| 2 adults 1 child | $826 | $752 | $1,301 | $769 | $871 |
| 1 adult 1 child | $826 | $486 | $794 | $769 | $758 |
| 2 adults | $628 | $604 | $1,014 | $0 | $623 |
| 1 adult | $579 | $330 | $507 | $0 | $546 |
Safety trends & Data
Rusk County, Wisconsin has experienced fluctuating property crime rates over the past five years, with burglary cases peaking in 2021 at 20 incidents. Vandalism was notably high in 2020 with 17 cases. Larceny-theft incidents have been relatively steady, also peaking in 2021 at 18 cases. Sporadic instances of arson and motor vehicle theft present an additional consideration. These crime patterns could offer valuable insights for real estate investors and homebuyers assessing neighborhood... Read more
Property Crime Trends in Rusk County, WI Over the Last 5 Years
Rusk County, Wisconsin has seen fluctuating property crime rates over the past five years, with notable spikes in 2021. Burglary cases peaked that year at 20 incidents, a substantial increase from the previous years. Vandalism also saw significant activity, particularly in 2020 with 17 cases. Larceny-theft incidents have been relatively consistent, peaking at 18 in 2021. Instances of arson and motor vehicle theft appear to be sporadic, with no clear upward or downward trend. For those looking into real estate or investment opportunities, understanding these patterns can provide valuable insights into potential risks and neighborhood stability.
Demographics
Rusk County, Wisconsin's adult population shows a near-even split between males and females. Educational attainment levels are broad, with the highest portion holding high school diplomas; however, a significant segment has pursued some college education or obtained associate degrees. Age distribution indicates a mature demographic, particularly those aged 55 and above. Racial diversity is limited, with the vast majority identifying as White, followed by minimal representation from other racial... Read more
Race Distribution in Rusk County, Wisconsin (2022)
Educational Attainment in Rusk County, Wisconsin (2022)
Age Distribution in Rusk County, Wisconsin
Citizen Population in Rusk County, Wisconsin (2022)
Political Trends & Data
In Rusk County, Wisconsin, Republican candidates appeared to have secured around 67% of the vote in the 2020 U.S. Presidential Election, hinting at a strong conservative leaning in the area. Democrats received approximately 32%, indicating some level of minority political presence. Libertarian and other parties had a minimal impact, with close to 1% and less than 1% of the vote, respectively, suggesting limited local support for third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Rusk County, Wisconsin, Republican candidates seemingly secured about 67% of the vote in the 2020 U.S. Presidential Election, potentially indicating a strong conservative preference. Democrats garnered roughly 32%, which might suggest a significant minority political presence. Libertarian and other parties had minimal impact, capturing close to 1% and less than 1% of the vote, respectively, implying limited support for third-party candidates.
66.66% of voters voted for the Republican party in the 2020 Presidential Election
31.92% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
Rusk County, Wisconsin has had a roller coaster ride with its student-to-teacher ratios over the last nine years, peaking at 37 in 2016 but currently sitting at 11 in 2023, comfortably below the national average of 14. This trend might attract real estate investors and families who place a premium on education quality. More favorable ratios could also impact home appraisals and insurance rates, hinting at a stable, community-centric environment that enhances both property value and... Read more
Student-to-teacher ratio in Rusk County, Wisconsin over the last 9 years
Over the last nine years, student-to-teacher ratios in Rusk County, Wisconsin have seen significant fluctuations. The ratio peaked alarmingly at 37 in 2016 but has since steadily declined to approximately 11 in 2023. Despite the pronounced spike in 2016, Rusk County's current ratio is below the national average of 14 students per teacher. This trend could impact real estate investment decisions, drawing in families who prioritize lower student-to-teacher ratios for better educational outcomes. Lower ratios might also influence appraisals and insurance considerations due to the potential for stable, community-focused school environments.
