Vernon County Real Estate and Livability Trends
Vernon County, Wisconsin, has experienced significant economic growth, with average taxable income per tax return rising from $43,519.73 in 2013 to $63,288.79 in 2021. While median home values have climbed to $192,800 in 2022, they remain below the state average of $231,400, making the area relatively more affordable. Despite fluctuating residential energy tax credits, real estate taxes have... Read more
Vernon County Market Trends
Vernon County, Wisconsin's real estate market shows an ongoing rise in median home values, peaking at $192,800 in 2022, which is more affordable compared to the state's average of $231,400. The residential energy tax credit per return has fluctuated, notably spiking to $3,500.00 in 2018, which might indicate varying incentives for energy-efficient investments. Real estate taxes have seen an... Read more
Median Value of Occupied Housing Units in Vernon County, Wisconsin Over the Last 8 Years
Vernon County's median home values have shown a consistent upward trend over the past eight years, peaking at $192,800 in 2022. Despite this growth, Vernon County remains more affordable compared to Wisconsin's statewide median of $231,400 for the same year. Nationally, the county's values align closely, with the median home value in the United States sitting at $179,400 in 2022. For investors, this suggests that property in Vernon County may offer a balanced mix of affordability and appreciation potential, especially when contrasted with higher state averages.
Residential Energy Tax Credit Per Tax Return in Vernon County, WI Over the Last 9 Years
Over the past nine years, Vernon County, Wisconsin has seen some significant fluctuations in the average residential energy tax credit per tax return. Notably, 2018 witnessed an unusually high spike to $3,500.00. While recent years like 2019 and 2020 stabilized around the $1,200.00 mark, earlier years such as 2013 and 2015 stayed closer to $530.00 and $540.00 respectively. This variability could be a signal for energy-efficient investments or varying state incentives in the area, making it an intriguing point of consideration for investors, homeowners, and real estate professionals.
Average Real Estate Taxes Per Tax Return in Vernon County, WI Over the Last 10 Years
Over the last decade, Vernon County, Wisconsin, has seen fluctuations in average real estate taxes per tax return, with a notable increase from $3,538.11 in 2012 to $4,881.82 in 2020. The highest spike appears in 2020, followed by a slight decrease in 2021 to $4,368.09. These varying rates suggest potential impacts for investors, property developers, and residents considering the area, possibly reflecting changes in local policy or economic conditions. As always, these figures should be considered with an understanding of potential variability and external factors influencing property values and taxes.
Percentage of Farm Returns in Vernon County, WI Over the Last 10 Years
Over the past decade, Vernon County, Wisconsin has experienced a slight decline in the percentage of farm tax returns, dropping from roughly 13.65% in 2012 to around 12.25% in 2021. Farm tax returns offer a glimpse into the agricultural economy, reflecting income and expenses from farming operations that impact the county's economic landscape. This mild downward trend could imply marginal shifts in the agricultural sector that potential investors, property developers, or new residents might want to consider, as it could affect economic patterns, land use, and investment opportunities in the area.
Number of Mortgages by Occupancy Type in Vernon County, WI Over the Last 5 Years in Vernon County
Over the past five years in Vernon County, Wisconsin, there has been variability in the number of mortgages by occupancy type. A noticeable trend is the predominance of principal residence mortgages, peaking in 2020 at 1,149, then declining to 818 by 2022. Investment properties saw a smaller increase, reaching 66 in 2022 from 23 in 2018. Second residences have remained relatively stable around the 30-50 range annually. These shifts suggest more families are opting for principal residences in Vernon County, reflecting potential demographic changes or economic shifts that could impact local demand. For investors and real estate agents, the growing number of investment property mortgages signals increasing interest, though still relatively low volume compared to principal residences. Changes like these can influence property values, rental markets, insurance rates, and appraisals.
Economic Outlook
Vernon County, Wisconsin, has seen a notable increase in average taxable income per tax return from $43,519.73 in 2013 to $63,288.79 in 2021, hinting at economic growth and possibly higher wages. State and local income taxes have also climbed, from around $5,220.20 in 2012 to approximately $9,852.27 in 2021, possibly indicating increased income levels or tax policy changes. The average total tax liability per tax return rose from $6,267 to $9,175 over the last decade, suggesting rising property... Read more
Average Taxable Income per Tax Return in Vernon County, WI over the last 9 years
Vernon County, Wisconsin, has shown a steady rise in average taxable income per tax return over the last nine years. From $43,519.73 in 2013 to $63,288.79 in 2021, this upward trend could suggest a growing local economy, increased wages, or other economic benefits. For those looking to invest or build property in Vernon County, these numbers may signal a relatively prosperous and potentially appealing market. Real estate agents, appraisers, and insurance agents could find this data particularly useful when assessing property values or developing market strategies in the region.
Average State and Local Income Taxes Per Tax Return in Vernon County, WI Over the Last 10 Years
The average state and local income taxes per tax return in Vernon County, Wisconsin have shown a noticeable upward trend over the last decade, with figures increasing from approximately $5,220.20 in 2012 to about $9,852.27 in 2021. This significant rise could suggest growing income levels or changes in tax policies, which might be important for potential investors, homebuyers, and real estate agents considering the area. Increased tax liabilities might influence property values and insurance costs, emphasizing the importance of this data for those making financial decisions related to Vernon County.
Average Total Tax Liability Per Tax Return in Vernon County, WI Over the Last 10 Years
Over the last decade, Vernon County, Wisconsin has experienced a steady rise in average total tax liability per tax return, notably jumping from approximately $6,267 in 2012 to about $9,175 in 2021. This upward trend, particularly marked increases around 2020 and 2021, suggests an economic shift that may interest investors and real estate agents. The growing tax liability potentially reflects rising property values or income levels, crucial for appraisers and insurance agents assessing risk and value in the area. For those considering a move, the increase might be indicative of a thriving, albeit more expensive, economic environment.
Cost of Living in Vernon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,096 | $1,436 | $1,674 | $1,537 | $1,283 |
| 1 adult 4 children | $1,096 | $1,172 | $1,278 | $1,537 | $1,459 |
| 2 adults 3 children | $1,096 | $1,173 | $1,453 | $1,537 | $1,049 |
| 1 adult 3 children | $1,096 | $958 | $1,057 | $1,537 | $1,208 |
| 2 adults 2 children | $826 | $960 | $1,232 | $1,332 | $865 |
| 1 adult 2 children | $826 | $717 | $837 | $1,332 | $898 |
| 2 adults 1 child | $826 | $759 | $1,012 | $666 | $754 |
| 1 adult 1 child | $826 | $490 | $616 | $666 | $676 |
| 2 adults | $633 | $610 | $791 | $0 | $560 |
| 1 adult | $607 | $332 | $395 | $0 | $526 |
Safety trends & Data
Property crime trends in Vernon County, Wisconsin, indicate that larceny-theft and vandalism are primary concerns, peaking notably in 2020 with 61 larceny-theft incidents. There has been a slight increase in burglaries, reaching 6 incidents in 2021, while motor vehicle theft remains consistent, averaging around 4 incidents annually. Fraud and arson rates appear low and sporadic. These patterns could potentially affect property values, influence insurance rates, and alter the overall sense of... Read more
Property Crime Trends in Vernon County, WI Over the Last 5 Years
Larceny-theft and vandalism are primary concerns in Vernon County, Wisconsin, with a notable peak in larceny-theft occurring in 2020 at 61 incidents. Burglary rates have slightly increased, particularly rising to 6 incidents in 2021. Motor vehicle theft remains relatively consistent each year, averaging around 4 incidents. Meanwhile, fraud and arson rates seem fairly low and sporadic, indicating less frequency in comparison to other property crimes. These trends could impact property values, insurance rates, and the overall sense of security in the community.
Demographics
In Vernon County, Wisconsin, the population skews slightly male with about 11,406 men compared to 11,196 women. The educational attainment shows a higher number of high school graduates followed by those with some college education but no degree. Adults aged 55 to 64 form a significant portion of the population, hinting at a potentially aging demographic. Racially, the county is predominantly White with very small representations from other racial groups. This combination of factors could... Read more
Race Distribution in Vernon County, Wisconsin (2022)
Educational Attainment in Vernon County, Wisconsin (2022)
Age Distribution in Vernon County, Wisconsin
Citizen Population in Vernon County, Wisconsin (2022)
Political Trends & Data
Vernon County, Wisconsin, shows a competitive political landscape with Republicans slightly leading at an estimated 52% of the vote and Democrats close behind at approximately 47%. Minor parties, like Libertarians, have minimal impact with around 2% of the total vote. This suggests broader trends that may be seen in similar counties, indicating potential shifts and an engaged... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Vernon County, Wisconsin, displayed a slight lead for the Republican party with an estimated 52% of the vote, while Democrats trailed closely at approximately 47%. Minor parties, including Libertarians and others, garnered minimal support, totaling around 2% combined. This data suggests a competitive political landscape, possibly indicative of broader trends in similarly situated counties.
51.61% of voters voted for the Republican party in the 2020 Presidential Election
46.83% of voters voted for the Democrat party in the 2020 Presidential Election
1.14% 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
0.38% of voters voted for the Other party in the 2020 Presidential Election
School Data
Vernon County, Wisconsin's student-to-teacher ratio has seen fluctuations over the past nine years, hitting a peak of 19 in 2021 before stabilizing around 15 in 2023, compared to the national average of 14. This trend might suggest that classroom sizes can be larger in Vernon County, potentially impacting property values and community desirability. Investors, real estate agents, and potential residents may find this data useful when evaluating the area's education quality and its potential... Read more
Student-to-teacher ratio in Vernon County, Wisconsin over the last 9 years
Over the past nine years, Vernon County, Wisconsin has seen fluctuations in its student-to-teacher ratio, peaking at 19 in 2021 and settling at nearly 15 in 2023. This variable trend compares to the national average of 14 students per teacher, suggesting that Vernon County occasionally experiences higher classroom sizes than typically seen across the United States. For investors, real estate agents, and those considering moving to the area, understanding these trends could hint at the level of attention students receive in classrooms, potentially impacting local property values and community desirability. Appraisers and insurance agents also might find these ratios useful for assessing school quality as a factor in overall property assessment.
