Wood County Real Estate and Livability Trends
Wood County, Wisconsin's real estate market appears increasingly appealing with home values climbing to $156,600 in 2022, reflecting growing desirability yet still lagging behind state and national medians. Sustainable living is becoming a priority, evidenced by a jump in residential energy tax credits to $1,640.00 in 2018. Local amenities and rising property valuations are likely contributing to... Read more
Wood County Market Trends
Wood County, Wisconsin's real estate market is showing some interesting trends. Home values have steadily increased to $156,600 in 2022, still trailing state and national medians but indicating a growing desirability. Residential energy tax credits jumped significantly in 2018 to $1,640.00, suggesting a keen local interest in sustainable living which may impact future property values and... Read more
Median Value of Occupied Housing Units in Wood County, Wisconsin Over the Last 8 Years
The median home values in Wood County, Wisconsin have shown a steady increase over the last eight years, with a significant jump to $156,600 in 2022. This growth trend, though consistent, usually lags behind both state and national medians. While homes in Wood County remain more affordable than the average in Wisconsin and the U.S., the recent uptick could hint at increasing desirability or economic factors making the area more attractive for investment or relocation. Comparing $231,400 in Wisconsin and $179,400 nationally in 2022 underscores Wood County’s affordability, potentially providing value for those looking to invest while still benefiting from a rising market.
Residential Energy Tax Credit Per Tax Return in Wood County, WI Over the Last 9 Years
The residential energy tax credit trend in Wood County, Wisconsin shows significant variability over the past nine years. Noteworthy is a sharp rise to $1,640.00 in 2018, a peak that significantly outpaces other years. This spike may reflect a one-time event or policy change influencing residential energy investments. Despite this peak, the general trend indicates a steady increase, highlighting a growing interest in energy-efficient upgrades among homeowners. Investors, real estate agents, and insurance agents could find this trend indicative of a community shifting towards sustainable living, potentially affecting property values and insurance premiums. For those looking to move to or build in the area, it could signal future cost savings in energy expenses.
Average Real Estate Taxes Per Tax Return in Wood County, WI Over the Last 10 Years
Wood County, Wisconsin has seen a notable increase in average real estate taxes per tax return over the last decade. Starting at approximately $3,445.90 in 2012, there has been a steady upward trend, peaking around $5,186.26 in 2020 before slightly dropping to about $4,922.76 in 2021. This rise in real estate taxes indicates a general increase in property valuations and possibly funding for local public services, which may be appealing to investors and new residents for the improved infrastructure and community amenities. However, those looking to move or invest should be aware of the increasing tax burden, which might impact overall affordability.
Percentage of Farm Returns in Wood County, WI Over the Last 10 Years
The percentage of farm tax returns in Wood County, Wisconsin, has seen a steady decline over the last decade, dropping from 2.73% in 2012 to 2.21% in 2021. Farm tax returns represent the proportion of tax filings from agricultural activities, which can indicate the health and activity level of the local farming economy. Investors, developers, and those considering moving or building in the area might view this trend as a signal of shifting economic focuses, potentially away from farming. Understanding these metrics is crucial for making informed decisions about land use, investment opportunities, and community development in Wood County.
Number of Mortgages by Occupancy Type in Wood County, WI Over the Last 5 Years in Wood County
Over the last five years, the number of mortgages for principal residences in Wood County, Wisconsin has shown a general increase from 1,830 in 2018 to 3,206 in 2021, though it saw a dip to 2,163 in 2022. Investment property mortgages remained relatively stable around the 100-150 range. Meanwhile, second residence mortgages have stayed minimal, floating between 24 and 54. This shift in occupancy type suggests a significant interest in primary homes, potentially reflecting a growing population or an inclination towards home ownership over renting. For investors, this could mean an increased demand for rental properties or ancillary services. Appraisers and real estate agents might see these trends as indicators of the market's health and demand drivers, while insurance agents and builders could use this data to tailor their offerings for primary home markets.
Economic Outlook
Wood County, Wisconsin has witnessed a steady climb in average taxable income per tax return, jumping from $50,803.98 in 2013 to $69,542.88 by 2021, suggesting growing economic opportunities. Concurrently, average state and local income taxes saw substantial increases, peaking at $12,010.08 in 2020 before a slight dip in 2021 to $10,375.00, possibly hinting at economic shifts or tax policy changes. Similarly, total tax liabilities fluctuated, with a notable spike to $10,448.57 in 2021,... Read more
Average Taxable Income per Tax Return in Wood County, WI over the last 9 years
Wood County, Wisconsin has seen a notable upward trend in average taxable income per tax return over the past nine years. Starting at $50,803.98 in 2013, it gradually rose, reaching $69,542.88 by 2021. This sustained rise, especially the significant jump between 2020 and 2021, suggests economic growth and potentially increased earning opportunities in the area. This trend could be of interest to investors, property developers, and real estate agents aiming to tap into a seemingly prosperous market. It also indicates changing economic dynamics, which may influence appraisals and insurance rates.
Average State and Local Income Taxes Per Tax Return in Wood County, WI Over the Last 10 Years
Over the past decade, Wood County, Wisconsin has experienced a significant increase in average state and local income taxes per tax return. Starting at approximately $6,428.56 in 2012, the taxes saw modest growth until a dramatic spike in 2018, reaching $9,724.34. This trend continued upwards, hitting a peak of $12,010.08 in 2020 before slightly declining to $10,375.00 in 2021. These fluctuations could indicate economic shifts or changes in tax policies, making it essential for potential investors and property developers to consider the fiscal environment. Real estate agents and insurance agents should also note these trends for better advising their clients.
Average Total Tax Liability Per Tax Return in Wood County, WI Over the Last 10 Years
In Wood County, Wisconsin, average total tax liability per tax return has seen varied trends over the past decade. From $7,658.22 in 2012, there's been a general upward trend, punctuated by a significant peak in 2021 at $10,448.57. This rise may indicate changes in income levels, property values, or tax policies, which are important factors for those considering investing, moving, or appraising property. Real estate agents and insurance agents should particularly note the fluctuation and recent spike, as it could impact real estate dynamics and insurance premiums in the area.
Cost of Living in Wood County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,109 | $1,472 | $1,883 | $1,707 | $1,388 |
| 1 adult 4 children | $1,109 | $1,202 | $1,440 | $1,707 | $1,549 |
| 2 adults 3 children | $1,109 | $1,202 | $1,634 | $1,707 | $1,137 |
| 1 adult 3 children | $1,109 | $982 | $1,191 | $1,707 | $1,283 |
| 2 adults 2 children | $859 | $984 | $1,385 | $1,486 | $928 |
| 1 adult 2 children | $859 | $735 | $942 | $1,486 | $961 |
| 2 adults 1 child | $859 | $778 | $1,136 | $769 | $795 |
| 1 adult 1 child | $859 | $502 | $692 | $769 | $703 |
| 2 adults | $653 | $625 | $886 | $0 | $564 |
| 1 adult | $574 | $341 | $443 | $0 | $501 |
Safety trends & Data
Wood County, Wisconsin has witnessed notable changes in property crime rates over the past five years. Larceny-theft, the most frequent crime, spiked at 566 cases in 2018 but fell to 185 cases by 2022. Burglary and vandalism also trended downward, with burglary dropping from 42 cases in 2018 to 14 in 2022, and vandalism decreasing from 112 to 61 cases. Though motor vehicle theft initially increased from 25 cases in 2018 to 30 in 2020, it declined to 14 cases by 2022. Additionally, fraud,... Read more
Property Crime Trends in Wood County, WI Over the Last 5 Years
Wood County, Wisconsin has seen significant fluctuations in property crime trends over the last five years. Larceny-theft consistently remained the highest, peaking at 566 cases in 2018 and then dropping to 185 cases by 2022. Burglary and vandalism followed similar declining patterns, with burglary cases decreasing from 42 cases in 2018 to just 14 in 2022, and vandalism incidents reducing from 112 in 2018 to 61 in 2022. Motor vehicle theft showcased less of a decline, showing a small increase from 25 cases in 2018 to 30 cases in 2020 then dropping to 14 in 2022. Fraud, embezzlement, and forgery each saw overall declines, indicating stronger preventive measures or economic factors that could influence crime rates. For those investing, moving, or working in real estate and insurance in Wood County, these crime trends suggest a generally improving landscape for property safety over recent years.
Demographics
Wood County, Wisconsin, reveals a fairly balanced gender distribution and a predominantly white population. Educational attainment is varied, with most adults holding a high school diploma or some college education. Age-wise, there's a notable portion of the population over 55, indicating potential future shifts in healthcare and retirement needs. The racial diversity, while present, is relatively limited, suggesting a largely homogenous community with small, but significant, minority... Read more
Race Distribution in Wood County, Wisconsin (2022)
Educational Attainment in Wood County, Wisconsin (2022)
Age Distribution in Wood County, Wisconsin
Citizen Population in Wood County, Wisconsin (2022)
Political Trends & Data
Wood County, Wisconsin, leans Republican with roughly 58.9% of 2020 Presidential Election votes going to the GOP, while Democrats captured about 39.6%. Minor parties, including Libertarian and Green, received around 1.5% combined, indicating a strong two-party system. This trend suggests a conservative voter base with limited third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wood County, Wisconsin, likely leans Republican with approximately 58.9% of the 2020 U.S. Presidential Election votes cast for the Republican party. Democrats garnered around 39.6%, indicating a significant but not dominant presence. Minor parties, including Libertarian and Green, combined for a small fraction of the vote, signaling a strong two-party system, with only about 1.5% of the total vote going to these and other parties. This trend implies a predominantly conservative voter base with limited influence from third-party candidates.
58.86% of voters voted for the Republican party in the 2020 Presidential Election
39.63% of voters voted for the Democrat party in the 2020 Presidential Election
0.98% of voters voted for the Livertarian party in the 2020 Presidential Election
0.02% of voters voted for the Green party in the 2020 Presidential Election
0.52% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Wood County, Wisconsin, has fluctuated significantly over the last nine years, starting at 25 students per teacher in 2014, dropping to about 18 by 2023, and peaking at 27 in 2021. These shifts might indicate changes in district funding, population movement, or administrative choices, potentially impacting education quality. With ratios consistently higher than the national average of 14, this possibly suggests larger class sizes, affecting teacher workload and... Read more
Student-to-teacher ratio in Wood County, Wisconsin over the last 9 years
Over the last nine years, the student-to-teacher ratio in Wood County, Wisconsin, has shown considerable fluctuation. Starting at 25 students per teacher in 2014, the ratio dropped to about 19 students per teacher in 2016, dipped further to 18 in 2017, then climbed over 20 students per teacher until peaking at 27 students per teacher in 2021 before reducing again to roughly 18 in 2023. These changes could signal shifts in district funding, population migration, or administrative decisions, potentially impacting the quality of education. Compared to the national average of 14 students per teacher, Wood County's higher ratios may imply larger class sizes, likely affecting teacher workload and individual student attention. Understanding these dynamics is crucial for prospective investors, families considering relocation, and real estate agents, all of whom seek a thorough grasp of local educational resources and their implications on property values and community development.
