Washburn County Real Estate and Livability Trends
Washburn County, Wisconsin has seen average taxable incomes per tax return rise from roughly $44,815.78 in 2013 to nearly $65,330.00 in 2021, suggesting a general economic uptick that might attract investors and potential homeowners. Median home values have increased from $170,600 in 2021 to $196,900 in 2022, although they still trail behind the state average. Real estate taxes have also climbed... Read more
Washburn County Market Trends
Washburn County, Wisconsin, has seen a notable uptick in median home values, jumping from $170,600 in 2021 to $196,900 in 2022, though still trailing behind the state average of $231,400. The average residential energy tax credit peaked at $2,450.00 in 2018, suggesting increasing investments in energy efficiency, which may attract eco-conscious buyers. Real estate taxes have climbed... Read more
Median Value of Occupied Housing Units in Washburn County, Wisconsin Over the Last 8 Years
Washburn County, Wisconsin has experienced a consistent increase in median home values over the last eight years, with a significant jump from $170,600 in 2021 to $196,900 in 2022. This growth mirrors national trends but lags slightly behind Wisconsin's state average, which rose to $231,400 in 2022. Such trends suggest that Washburn County could offer a more affordable entry point for potential buyers compared to the state average, while still demonstrating solid investment potential.
Residential Energy Tax Credit Per Tax Return in Washburn County, WI Over the Last 9 Years
Over the past nine years, Washburn County, Wisconsin, has seen a fluctuating yet generally rising trend in the average residential energy tax credit per tax return. Notably, there was a significant spike to $2,450.00 in 2018, one of the highest values recorded. This suggests growing investments in energy efficiency and renewable energy among homeowners, which may entice eco-conscious buyers and investors. However, variability in these tax credits indicates that incentives and investments could change year to year, necessitating close monitoring for those looking to optimize their financial planning in this locale.
Average Real Estate Taxes Per Tax Return in Washburn County, WI Over the Last 10 Years
Investors and real estate professionals eyeing Washburn County, Wisconsin should note the significant upward trend in average real estate taxes per tax return over the last decade. Starting from $3,790.57 in 2012, taxes have consistently increased, peaking at $5,483.33 in 2019 before stabilizing slightly in the subsequent years with $5,448.65 in 2020 and $5,385.29 in 2021. This steady rise suggests an increasing demand and potentially escalating property values, which could impact both investment returns and the cost of homeownership. Such trends are likely important for appraisers, insurance agents, and those looking to build or buy property in the county, as they indicate a robust and potentially lucrative real estate market.
Percentage of Farm Returns in Washburn County, WI Over the Last 10 Years
Washburn County, Wisconsin has seen a gradual decline in the percentage of farm returns over the last decade, dipping from around 3.79% in 2012 to nearly 3.29% by 2021. This suggests a potential shift away from agricultural activities, which could impact local farming businesses and property values. Potential investors, new residents, and developers might consider these trends when evaluating property investments and economic opportunities within the county.
Number of Mortgages by Occupancy Type in Washburn County, WI Over the Last 5 Years in Washburn County
Washburn County, Wisconsin, has seen notable fluctuations in mortgage activity over the past five years, especially in principal residences, which peaked in 2020 at 947 but dropped significantly to 584 in 2022. Investment property mortgages have seen relatively minor changes, dipping to 45 in 2022 from a high of 61 in 2021. Mortgages for second residences show more volatility, with a spike in 2020 and a subsequent decline. These shifts in occupancy types could signal broader economic trends or shifting consumer preferences that could be vital for investors, real estate professionals, and local stakeholders to monitor. Changing demand for principal residences versus investment properties or second homes might influence property values, risk assessments, and development strategies in the area.
Economic Outlook
Washburn County, Wisconsin, has seen average taxable incomes per tax return rise from roughly $44,815.78 in 2013 to nearly $65,330.00 in 2021, suggesting a general economic uptick that could attract investors and potential homeowners. Alongside this, average state and local income taxes have more than doubled over the past decade, hitting $12,309.68 in 2021. Coupled with an increase in average total tax liabilities, these trends hint at economic growth or shifts in tax policy, which might... Read more
Average Taxable Income per Tax Return in Washburn County, WI over the last 9 years
Over the past nine years, Washburn County, Wisconsin has seen a gradual increase in average taxable income per tax return, jumping from approximately $44,815.78 in 2013 to around $65,330.00 in 2021. This rising trend could suggest a general economic improvement in the area, possibly attracting investors, potential homeowners, and businesses looking to tap into a more financially robust community. Notably, the significant spike in 2021 merits attention, potentially indicating changing financial dynamics or post-pandemic financial recoveries and adaptations. For real estate agents, this could mean higher property values and a potentially more competitive market.
Average State and Local Income Taxes Per Tax Return in Washburn County, WI Over the Last 10 Years
Washburn County, Wisconsin has seen a significant increase in average state and local income taxes per tax return over the last decade, starting at around $5,480.10 in 2012 and reaching approximately $12,309.68 in 2021. This trend could be indicative of rising incomes, a shift in tax policy, or changes in the tax base and would be relevant for those evaluating the financial landscape. Investors, real estate agents, and appraisers might find this information useful for assessing property values and economic growth. Those considering moving to the area or currently residing there may want to pay attention to these tax trends as part of their financial planning.
Average Total Tax Liability Per Tax Return in Washburn County, WI Over the Last 10 Years
Washburn County, Wisconsin, has experienced a noticeable upward trend in average total tax liability per tax return over the past decade. Notably, from a low of $6,254.21 in 2013, the liability surged to $9,078.50 in 2021. This increase hints at potential economic growth or changes in tax policy impacting residents' financial obligations. Investors, property developers, and real estate agents might see these fluctuations as a reflection of evolving market conditions, while appraisers and insurance agents will likely consider the implications on property valuations and insurance costs.
Cost of Living in Washburn County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,061 | $1,488 | $2,004 | $1,470 | $1,414 |
| 1 adult 4 children | $1,061 | $1,215 | $1,533 | $1,470 | $1,568 |
| 2 adults 3 children | $1,061 | $1,216 | $1,738 | $1,470 | $1,150 |
| 1 adult 3 children | $1,061 | $992 | $1,267 | $1,470 | $1,287 |
| 2 adults 2 children | $872 | $995 | $1,472 | $1,281 | $961 |
| 1 adult 2 children | $872 | $743 | $1,002 | $1,281 | $993 |
| 2 adults 1 child | $872 | $786 | $1,207 | $666 | $845 |
| 1 adult 1 child | $872 | $508 | $736 | $666 | $739 |
| 2 adults | $662 | $632 | $941 | $0 | $625 |
| 1 adult | $612 | $345 | $471 | $0 | $553 |
Safety trends & Data
Washburn County, Wisconsin has seen a volatile trend in property crimes over the past five years. Burglary incidents peaked in 2020 with 13.0 cases and hit a low in 2019 with only 1.0 case. Larceny-Theft saw a sharp decline from 18.0 in 2019 to just 2.0 in 2022, hinting at potential improvements in security or policing. Vandalism stayed high but stable, ranging between 7.0 and 11.0 cases annually. These trends are crucial for investors and property developers as they could impact insurance... Read more
Property Crime Trends in Washburn County, WI Over the Last 5 Years
Washburn County, Wisconsin has experienced a volatile trend in property crimes over the past five years, with peak burglary incidents in 2020 (13.0) contrasted by low numbers in 2019 (1.0). Larceny-Theft showed a sharp decline from 18.0 in 2019 to just 2.0 in 2022, suggesting potential improvements in security or policing efforts. Vandalism has remained relatively high but stable, fluctuating between 7.0 and 11.0 cases annually. These trends can be telltale signs for investors and property developers assessing the area’s safety and may influence insurance premiums and real estate valuations. For residents and real estate stakeholders, understanding these fluctuations could offer insights into neighborhood stability and community resilience.
Demographics
Washburn County, Wisconsin shows a balanced gender distribution with nearly equal adult male and female populations. Education levels vary widely; the majority hold a high school diploma or some college experience, but a significant portion has advanced degrees. Age-wise, there's a notable concentration of residents aged 45 and older, with this group making up a substantial part of the community. The population is predominantly White, with minimal representation from other racial groups. This... Read more
Race Distribution in Washburn County, Wisconsin (2022)
Educational Attainment in Washburn County, Wisconsin (2022)
Age Distribution in Washburn County, Wisconsin
Citizen Population in Washburn County, Wisconsin (2022)
Political Trends & Data
Washburn County, Wisconsin, demonstrated a notable preference for Republican candidates in the 2020 Presidential Election, capturing about 61% of the vote. Democrats garnered around 37%, showing a smaller yet significant voter base. Third-party votes were minimal, with Libertarians obtaining roughly 1.2% and Greens securing less than 0.04%, indicating a predominantly two-party voter alignment in the region. Other minor parties collectively accounted for just under 0.5%, suggesting limited... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Washburn County, Wisconsin, showed a significant lean towards Republican candidates in the 2020 U.S. Presidential Election, with about 61% of the vote. Democrats secured around 37%, indicating a notable, though considerably smaller, portion of the electorate. Third-party votes were minimal, with Libertarians barely reaching 1.2% and Greens capturing less than 0.04%, suggesting a strong two-party preference among voters. Other parties collectively made up just under 0.5%, reflecting limited diversity in voter alignment.
61.03% of voters voted for the Republican party in the 2020 Presidential Election
37.26% of voters voted for the Democrat party in the 2020 Presidential Election
1.19% 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
0.48% of voters voted for the Other party in the 2020 Presidential Election
School Data
Washburn County, Wisconsin's student-to-teacher ratios have experienced significant changes over the past nine years, swinging from a high of 43 in 2021 to a more favorable 11 in 2023. These fluctuations may be relevant for investors, real estate agents, and families, as they paint a picture of evolving educational quality that could influence property values and community... Read more
Student-to-teacher ratio in Washburn County, Wisconsin over the last 9 years
Over the last nine years, Washburn County, Wisconsin has seen fluctuating student-to-teacher ratios, with notable spikes and drops. For instance, in 2021 the ratio soared to 43, a significant deviation from the national average of approximately 14, indicating potential strain on educational resources during that period. Recent data from 2023 shows a substantial improvement, with the ratio dropping to about 11, suggesting a more favorable learning environment. These shifts could be relevant for potential investors, real estate agents, and families considering moves, as they reflect changing educational dynamics that might impact property values, community engagement, and overall quality of life.
