Vilas County Real Estate and Livability Trends
Vilas County, Wisconsin is experiencing substantial economic shifts with average taxable incomes jumping from $46,108.21 in 2013 to about $80,406.89 by 2021. Average home values have seen strong appreciation, moving from $194,900 in 2015 to $255,700 in 2022, outpacing regional and national trends. Rising incomes and real estate taxes, peaking at $6,388.46 in 2020, suggest increased demand and... Read more
Vilas County Market Trends
Vilas County's real estate market has seen aggressive growth in median home values, rising from $194,900 in 2015 to $255,700 in 2022, outpacing both Wisconsin and national trends. Residential Energy Tax Credit per tax return, increasing to $459.09 in 2021, suggests a community invested in energy-efficient upgrades. Real estate taxes also notably rose, with the peak at $6,388.46 in 2020,... Read more
Median Value of Occupied Housing Units in Vilas County, Wisconsin Over the Last 8 Years
Vilas County is showing a more aggressive growth in median home values compared to both Wisconsin and the national trends. From $194,900 in 2015 to $255,700 in 2022, Vilas County's housing market has appreciated faster than the state's increase from $165,800 to $231,400 and the national rise from $125,500 to $179,400. This steeper increase could signify a rising demand and limited supply, making it a potentially lucrative area for investors or new residents.
Residential Energy Tax Credit Per Tax Return in Vilas County, WI Over the Last 8 Years
The fluctuating values in Vilas County, Wisconsin's Residential Energy Tax Credit per tax return suggest notable investments in energy-efficient home improvements. From a low of $194.12 in 2015 to a high of $459.09 in 2021, this data might reflect growing awareness in energy conservation or increased costs in home upgrades. Potential home buyers and real estate agents may find these trends indicative of a proactive community with potential long-term savings on energy bills. For appraisers and insurance agents, understanding these trends is crucial to evaluating property values and risks related to energy initiatives and sustainability efforts.
Average Real Estate Taxes Per Tax Return in Vilas County, WI Over the Last 10 Years
Over the past decade, Vilas County, Wisconsin saw a noticeable increase in real estate taxes per tax return, starting from $3,647.38 in 2012 and peaking at $6,388.46 in 2020. This upward trend suggests a growing demand and possibly a rise in property values, making it a potentially attractive locale for real estate investors and developers. Notably, the spike to $5,153.01 in 2018 and subsequent increases highlight significant shifts that prospective buyers and current property owners might need to account for, especially for budgeting and future financial planning. This is crucial intel for appraisers, insurance agents, and real estate professionals aiming to understand market dynamics and guide their clients effectively.
Percentage of Farm Returns in Vilas County, WI Over the Last 10 Years
The percentage of farm tax returns in Vilas County, Wisconsin has fluctuated over the last decade, generally hovering around the 0.30% to 0.52% range. Specifically, there was a notable spike in 2016 to 0.52%, followed by a decline in the following years, settling at approximately 0.31% in 2021. Farm tax returns indicate the presence and economic activity of farms in the area, which is pivotal for understanding the agricultural sector's health. This information could be essential for potential investors or individuals interested in the agricultural viability, economic trends, or property development opportunities in the county.
Number of Mortgages by Occupancy Type in Vilas County, WI Over the Last 5 Years in Vilas County
Trends in Vilas County, Wisconsin show a noticeable fluctuation in the number of mortgages for different occupancy types over the past five years. Principal residences consistently held the highest counts, peaking in 2020 at 1607, with a considerable dip in 2022. Second residences saw a significant increase in 2020, hinting at a demand spike possibly due to lifestyle changes. Investment properties, although much lower in numbers compared to other types, remained relatively stable but show minor year-on-year declines. These shifts are crucial for investors and real estate agents as they reflect changing preferences and opportunities in the housing market. Moreover, the varied interest in second homes and investment properties can impact property values, insurance assessments, and development projects within the county.
Economic Outlook
Vilas County, Wisconsin has seen a notable rise in average taxable income per tax return, from $46,108.21 in 2013 to around $80,406.89 by 2021. This momentum might point to increasing economic vitality and greater disposable income among residents, which can be a cue for rising property values. The area also experienced a significant jump in average state and local income taxes, climbing from $5,608.82 in 2012 to $12,641.18 in 2021, especially marked between 2017 and 2021. A similar trend is... Read more
Average Taxable Income per Tax Return in Vilas County, WI over the last 9 years
Vilas County, Wisconsin has seen a steady increase in average taxable income per tax return over the last nine years, starting at around $46,108.21 in 2013 and escalating to approximately $80,406.89 by 2021. For those considering investing or moving to the area, this upward trend might suggest a growing economic vitality and potentially higher disposable income among residents. Appraisers, insurance agents, and real estate agents may also find this data valuable as it hints at a possible rise in property values and market dynamism.
Average State and Local Income Taxes Per Tax Return in Vilas County, WI Over the Last 10 Years
Over the past decade, Vilas County, Wisconsin has experienced a noticeable upward trend in average state and local income taxes per tax return, increasing from approximately $5,608.82 in 2012 to $12,641.18 in 2021. Significant spikes occurred, particularly between 2017 and 2021 where the values surged from $7,076.30 to above $12,000. This rise in tax burdens may be a signal of economic growth or shifts in fiscal policies, impacting potential investors, homebuyers, and real estate agents by highlighting the evolving financial landscape. Higher local taxes can also influence property appraisals and insurance premiums, making it essential for anyone engaged in the local real estate market to stay informed.
Average Total Tax Liability Per Tax Return in Vilas County, WI Over the Last 10 Years
The last decade in Vilas County, Wisconsin, has seen a steady rise in total tax liability per tax return, culminating in a significant spike from $11,418.72 in 2020 to $14,182.06 in 2021. This upward trend could indicate increasing property values, higher incomes, or shifts in local tax policy, which is crucial for investors and real estate agents to consider when evaluating market opportunities. Additionally, the growing tax liabilities might suggest an improving economic environment, making it an appealing area for potential homeowners and developers. However, it is also important for appraisers and insurance agents to consider these changes as they could impact property assessments and insurance premiums.
Cost of Living in Vilas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,500 | $1,948 | $1,494 | $1,376 |
| 1 adult 4 children | $1,005 | $1,225 | $1,490 | $1,494 | $1,529 |
| 2 adults 3 children | $1,005 | $1,225 | $1,690 | $1,494 | $1,115 |
| 1 adult 3 children | $1,005 | $1,000 | $1,232 | $1,494 | $1,249 |
| 2 adults 2 children | $826 | $1,003 | $1,432 | $1,297 | $936 |
| 1 adult 2 children | $826 | $749 | $974 | $1,297 | $961 |
| 2 adults 1 child | $826 | $793 | $1,174 | $656 | $814 |
| 1 adult 1 child | $826 | $512 | $716 | $656 | $709 |
| 2 adults | $628 | $637 | $916 | $0 | $602 |
| 1 adult | $623 | $347 | $458 | $0 | $546 |
Safety trends & Data
Property crime trends in Vilas County, Wisconsin, show a manageable pattern with some fluctuations. Notably, larceny-theft spiked to 10.00 in 2019 before decreasing to 3.00 by 2022, while burglary incidents dropped from 6.00 in 2019 to 2.00. Vandalism has varied, peaking at 8.00 in 2020, while motor vehicle theft remains low, peaking at 3.00 in 2019. These numbers suggest some concerns with vandalism, but overall property crime is relatively contained, which could interest potential investors... Read more
Property Crime Trends in Vilas County, WI Over the Last 5 Years
Property crime trends in Vilas County, Wisconsin, show a somewhat fluctuating but overall manageable pattern in recent years, which may be of interest to potential investors and new residents. Larceny-theft cases spiked to 10.00 in 2019 before decreasing to 3.00 by 2022. Burglary incidents dropped from 6.00 in 2019 to 2.00 in subsequent years, indicating potential improvements in security. Vandalism has seen inconsistent fluctuations, peaking at 8.00 in 2020 but showing overall variability. Motor vehicle theft remains consistently low, peaking at 3.00 in 2019. These trends suggest some areas of concern primarily around vandalism, while overall property crime appears to be relatively contained.
Demographics
Vilas County, Wisconsin has an almost balanced gender distribution with a slight male majority. The county's educational attainment reveals a substantial portion of the population as high school graduates, but only a smaller segment holds advanced degrees. Age-wise, a significant number of residents fall into the older age brackets, especially those 55 and above, which might point to an aging population. The racial makeup is predominantly White with notable American Indian and Alaska Native... Read more
Race Distribution in Vilas County, Wisconsin (2022)
Educational Attainment in Vilas County, Wisconsin (2022)
Age Distribution in Vilas County, Wisconsin
Citizen Population in Vilas County, Wisconsin (2022)
Political Trends & Data
In Vilas County, Wisconsin, the 2020 U.S. Presidential Election saw a significant Republican majority, pulling roughly 60% of the vote, while Democrats garnered about 38%. Third-party candidates, including Libertarians, collected only minor portions, underscoring a predominant two-party system. This conservative-leaning electorate could potentially influence local real estate preferences, such as favoring development that aligns with their political and economic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Vilas County, Wisconsin, the 2020 U.S. Presidential Election saw a notable Republican leaning with about 60% of the vote, while Democrats trailed with around 38%. Third parties like the Libertarians and other minor parties picked up marginal portions of the vote, highlighting a strong two-party dominance. These results suggest a primarily conservative voter base with limited consideration for alternative political perspectives.
60.26% of voters voted for the Republican party in the 2020 Presidential Election
38.41% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.44% of voters voted for the Other party in the 2020 Presidential Election
School Data
Vilas County, Wisconsin's student-to-teacher ratio peaked at 32 in 2019 but has since stabilized around 11 by 2023, which is below the national average of 14. This suggests more individualized attention in schools, potentially appealing to families and signaling resilient educational resources. Real estate agents and investors might see this as a draw for homebuyers, while appraisers and insurance agents could consider these metrics when assessing neighborhood desirability and property... Read more
Student-to-teacher ratio in Vilas County, Wisconsin over the last 9 years
Vilas County, Wisconsin has experienced considerable fluctuations in its student-to-teacher ratio over the past nine years, peaking notably at 32 in 2019 before stabilizing closer to 11 by 2023. Despite these variations, the current ratio around 11 suggests a potential advantage over the national average of 14 students per teacher, indicating smaller class sizes that might appeal to families prioritizing individualized attention in education. For investors and real estate agents, these trends might imply a community with resilient educational resources, which could be attractive for potential homebuyers. Appraisers and insurance agents might take note that such educational metrics often correlate with neighborhood desirability and property values.
