Walworth County Real Estate and Livability Trends
Walworth County, Wisconsin, boasts a striking increase in average taxable income per tax return, from $61,508.11 in 2013 to $92,856.50 in 2021, pointing to growing affluence. Median home values have surged, outpacing state and national trends, from $189,600 in 2015 to $254,300 in 2022, likely influencing real estate taxes, which climbed from $5,186.65 in 2017 to $7,900.28 in 2021. Notably,... Read more
Walworth County Market Trends
Walworth County's median home values have surged from $189,600 in 2015 to $254,300 in 2022, outpacing Wisconsin's and national trends. Residential energy tax credits showed significant volatility, peaking at $1525.00 in 2018, indicating possible policy shifts or increased energy-efficient investments. Real estate taxes skyrocketed from $5,186.65 in 2017 to $7,900.28 in 2021, reflecting an... Read more
Median Value of Occupied Housing Units in Walworth County, Wisconsin Over the Last 8 Years
Walworth County, Wisconsin's housing market has experienced considerable growth in median home values over the past eight years, leaping from $189,600 in 2015 to $254,300 in 2022. This local trend outpaces both the statewide increase from $165,800 to $231,400 and the national rise from $125,500 to $179,400 during the same period. Such a dynamic shift makes Walworth County an enticing prospect for investors, homebuyers, and developers eyeing potential market gains compared to broader regional and national trends.
Residential Energy Tax Credit Per Tax Return in Walworth County, WI Over the Last 9 Years
Walworth County, Wisconsin has experienced significant fluctuations in the average residential energy tax credit per tax return over the last nine years. Starting at around $247.29 in 2013, the credit saw a steady increase, peaking dramatically in 2018 at $1525.00, before adjusting down and stabilizing around $573.63 in 2021. This volatility can indicate shifts in state or federal energy policies, changing homeowner investments in energy efficiency, or evolving eligibility criteria for the tax credit. Prospective investors, homeowners, and real estate agents should consider these patterns when planning energy-efficient property upgrades or assessing the potential for tax incentives.
Average Real Estate Taxes Per Tax Return in Walworth County, WI Over the Last 10 Years
Over the past decade in Walworth County, Wisconsin, average real estate taxes per tax return have shown a sharp increase, particularly from 2017 onward, with a significant leap from $5,186.65 in 2017 to $7,900.28 in 2021. This upward trend suggests a rapidly appreciating property market, which could impact housing affordability and property investment strategies. For real estate agents and potential investors, these rising tax burdens may signal a strong demand for housing, while appraisers and insurance agents might see this as an indicator of regional economic growth and changing property values.
Percentage of Farm Returns in Walworth County, WI Over the Last 10 Years
While Walworth County, Wisconsin has seen a slight decline in farm returns over the last decade, this trend might highlight shifts in agricultural profitability or changes in land use. Only about 1.49% of tax returns were farm-related in 2012, decreasing marginally to approximately 1.19% by 2021. This subtle yet consistent drop could suggest that farming is becoming less dominant in the local economy, potentially opening opportunities for new types of development or investment. It's worth considering the implications for property value dynamics and potential new avenues for economic growth in the region.
Number of Mortgages by Occupancy Type in Walworth County, WI Over the Last 5 Years in Walworth County
Mortgages in Walworth County, Wisconsin show a notable preference towards principal residences, peaking at 8089 in 2021 before sharply decreasing to 4553 in 2022. Second residences and investment properties appear to have grown in 2021 but generally remain significantly lower. Shifts in occupancy type could impact housing demand, pricing trends, and the overall market strategy. Investors may be drawn to areas with rising investment property mortgages while those looking to move might consider the stability of principal residences. Real estate agents and appraisers could find this data valuable for market analysis and anticipating future trends.
Economic Outlook
Walworth County, Wisconsin, has seen a significant rise in average taxable income per tax return, climbing from $61,508.11 in 2013 to $92,856.50 in 2021, indicating growing affluence. State and local income taxes have shown notable variability, peaking at $16,633.24 by 2021, which might suggest economic growth or tax policy changes. The average total tax liability has also surged, reaching $16,836.42 in 2021, likely driven by higher property values and income levels, impacting living costs and... Read more
Average Taxable Income per Tax Return in Walworth County, WI over the last 9 years
Over the last nine years, Walworth County, Wisconsin has seen an upward trend in average taxable income per tax return, peaking at $92,856.50 in 2021. This climb from $61,508.11 in 2013 suggests a potentially growing affluence in the area, making it a potentially attractive spot for investors and real estate agents. Insurance agents and appraisers might find this data useful for understanding the evolving financial landscape and tailoring their services accordingly.
Average State and Local Income Taxes Per Tax Return in Walworth County, WI Over the Last 10 Years
Walworth County, Wisconsin has seen notable variability in its average state and local income taxes per tax return over the last decade. Starting from around $6,824.37 in 2012, there was a substantial peak at $8,424.04 in 2013, followed by a dip and steady climb until 2017. A sharp increase occurred in 2018, reaching $11,441.58, and surged to $16,633.24 by 2021. This trend may suggest economic growth or changing tax policies. These fluctuations are crucial for investors, real estate agents, and property developers as they impact the cost of living and investment returns in the area.
Average Total Tax Liability Per Tax Return in Walworth County, WI Over the Last 10 Years
Walworth County, Wisconsin has seen an upward trend in the average total tax liability per tax return over the past decade. In 2012, the average tax liability was $9,228.37, and by 2021, it had increased dramatically to $16,836.42. This significant rise, particularly noticeable from 2020 to 2021, suggests a growing tax burden possibly driven by higher property values and income levels. Such information could be crucial for potential investors, real estate agents, and new residents, as it might indicate economic growth but also suggests higher costs of living and property taxation in the area. Appraisers and insurance agents should consider these trends when evaluating property and risk assessments.
Cost of Living in Walworth County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,371 | $1,496 | $1,699 | $1,622 | $1,486 |
| 1 adult 4 children | $1,371 | $1,222 | $1,297 | $1,622 | $1,632 |
| 2 adults 3 children | $1,371 | $1,222 | $1,475 | $1,622 | $1,211 |
| 1 adult 3 children | $1,371 | $998 | $1,073 | $1,622 | $1,386 |
| 2 adults 2 children | $1,031 | $1,000 | $1,251 | $1,409 | $958 |
| 1 adult 2 children | $1,031 | $747 | $849 | $1,409 | $1,015 |
| 2 adults 1 child | $1,031 | $791 | $1,026 | $717 | $836 |
| 1 adult 1 child | $1,031 | $511 | $625 | $717 | $767 |
| 2 adults | $783 | $635 | $802 | $0 | $622 |
| 1 adult | $689 | $346 | $401 | $0 | $540 |
Safety trends & Data
Property crime trends in Walworth County, Wisconsin, show significant fluctuations over the past five years. Larceny-theft incidents peaked at 297 in 2022, while vandalism cases peaked at 132 in 2019. Interestingly, fraud cases dropped dramatically from 91 in 2018 to just 19 in 2021. Understanding these patterns is crucial for prospective investors, appraisers, and real estate agents to assess risk and make informed decisions about property investments and valuations in the... Read more
Property Crime Trends in Walworth County, WI Over the Last 5 Years
Property crime trends in Walworth County, Wisconsin, have seen notable fluctuations over the past five years, with larceny-theft consistently being the most reported crime, reaching a peak of 297 incidents in 2022. Vandalism incidents also exhibit variability, peaking at 132 cases in 2019. Interestingly, fraud cases saw a significant drop from 91 in 2018 to just 19 in 2021, but the numbers remain a point of concern. For prospective investors, appraisers, and real estate agents, understanding these patterns is crucial for assessing risk and making informed decisions about property investments and valuations in the area.
Demographics
Walworth County, Wisconsin shows a fairly balanced gender distribution among its adult population. Educational attainment suggests a significant portion of residents only have a high school diploma or some college education, with fewer pursuing higher degrees. The age distribution reveals a more populous older demographic, particularly those aged 55 to 64 years. Racially, the county is predominantly White with very few residents from other ethnic backgrounds, indicating low diversity. These... Read more
Race Distribution in Walworth County, Wisconsin (2022)
Educational Attainment in Walworth County, Wisconsin (2022)
Age Distribution in Walworth County, Wisconsin
Citizen Population in Walworth County, Wisconsin (2022)
Political Trends & Data
Walworth County, Wisconsin, leans heavily Republican, as evidenced by the 2020 U.S. Presidential Election where the GOP secured around 59% of the vote. Democratic support was substantial yet clearly in the minority at about 40%, and third-party impact was minimal, collectively gaining just over 1% of the vote. This suggests a political landscape highly favorable to Republican policies and potentially limited by third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Walworth County, Wisconsin, the 2020 U.S. Presidential Election saw a noticeable lead for the Republican party, with a voter share of around 59%, which likely indicates a strong Republican presence. The Democratic party garnered approximately 40% of the vote, suggesting a minority yet significant representation. Minor parties, including the Libertarians and Greens, barely made a ripple, collectively capturing just over 1% of the votes. This data paints a picture of a predominantly Republican-leaning county with limited influence from third-party candidates.
58.77% of voters voted for the Republican party in the 2020 Presidential Election
39.56% of voters voted for the Democrat party in the 2020 Presidential Election
1.11% of voters voted for the Livertarian party in the 2020 Presidential Election
0.03% of voters voted for the Green party in the 2020 Presidential Election
0.53% of voters voted for the Other party in the 2020 Presidential Election
School Data
Walworth County, Wisconsin's fluctuating student-to-teacher ratio, ranging from a low of 13 in 2020 to a high of 33 in 2021, stands notably higher than the US average of about 14. This variation could influence decisions for potential residents, investors, and educators, as larger class sizes may affect educational outcomes and property values, impacting the perceived quality of local schools. Real estate agents and appraisers should factor in these trends when assessing the area's appeal to... Read more
Student-to-teacher ratio in Walworth County, Wisconsin over the last 9 years
Walworth County, Wisconsin has seen significant fluctuations in its student-to-teacher ratio over the last nine years, with numbers ranging from a low of 13 in 2020 to a peak of 33 in 2021. The national average for the US is generally around 14 students per teacher, making Walworth County's ratios notably higher in several years. These variations can impact decisions for potential residents, investors, and educators, as larger class sizes may affect educational outcomes, property values, and the perceived quality of local schools. Real estate agents and appraisers might also note this trend when assessing the appeal of the area to families and potential homebuyers.
