Washakie County Real Estate and Livability Trends
Washakie County, Wyoming's real estate market may offer intriguing opportunities for investors with median home values rising from $160,800 in 2015 to $194,000 in 2022. Economic fluctuations, like the peak taxable income per return hitting $70,719.20 in 2021 and erratic state and local tax changes, hint at varying housing demand. Energy tax credits averaging $366.67 per return in 2021 suggest... Read more
Washakie County Market Trends
Washakie County, Wyoming has seen median home values rise from $160,800 in 2015 to $194,000 in 2022, indicating a steadily appreciating market that may appeal to potential investors seeking growth in a less saturated area. The county's average residential energy tax credit per return climbed from $233.33 in 2016 to $366.67 in 2021, suggesting increased investment in energy-efficient home... Read more
Median Value of Occupied Housing Units in Washakie County, Wyoming Over the Last 8 Years
Over the past eight years, Washakie County, Wyoming has experienced fluctuations in median home values, with a significant increase from $160,800 in 2015 to $194,000 in 2022. While the county's pricing remained competitive compared to the national values, which went from $125,500 to $179,400 during the same period, it's important to note that Wyoming as a whole witnessed a more substantial growth, climbing from $194,800 to $269,900. This data suggests that while Washakie County offers more affordable housing relative to the state average, it presents an appreciating market which may appear attractive to potential investors or homebuyers looking for growth potential in a less saturated market.
Residential Energy Tax Credit Per Tax Return in Washakie County, WY Over the Last 5 Years
Washakie County, Wyoming has seen some interesting fluctuations in the average residential energy tax credit per tax return over the last five years. From 2013 to 2016, the credit hovered around $250.00 but dipped to $233.33 in 2016, possibly indicating a temporary decrease in energy-efficient upgrades or installations. By 2021, the average credit spiked to $366.67, suggesting increased investments in energy-efficient home improvements. For those considering investing, moving, or building property here, this trend might signal growing opportunities and financial incentives tied to energy efficiency in Washakie County.
Average Real Estate Taxes Per Tax Return in Washakie County, WY Over the Last 10 Years
Over the past decade, Washakie County, Wyoming has seen a noticeable increase in average real estate taxes per tax return. Starting at $1,720.00 in 2012, taxes fluctuated slightly before climbing significantly in the late 2010s, peaking at $3,330.00 in 2019. Although there was some reduction afterwards, 2021 still registered a relatively high $2,511.11. This upward trend could be indicative of rising property values or increased local government funding needs, possibly affecting insurance costs, appraisals, and investment decisions.
Percentage of Farm Returns in Washakie County, WY Over the Last 10 Years
Over the last decade, Washakie County, Wyoming, has seen fluctuations in the percentage of farm tax returns, varying from 4.28% to 5.20%. While there was a general upward trend from 2012 to 2018, reaching a peak of 5.20%, 2019 saw a dip to 4.28%, and the percentage has slightly rebounded since. Farm tax returns are essentially filed by agricultural producers to report their business income and expenses, offering insights into the economic vitality and the level of agricultural activity in the area. This trend is crucial for investors, potential residents, and developers to understand, as it hints at the agricultural stability and potential growth of Washakie County.
Number of Mortgages by Occupancy Type in Washakie County, WY Over the Last 5 Years in Washakie County
In Washakie County, Wyoming, the trends over the last five years show significant changes in the number of mortgages across different occupancy types. There has been a noticeable spike in principal residence mortgages, peaking in 2021 with 391 counts, compared to 213 in 2018 and oscillating levels in other years. Meanwhile, investment property and second residence mortgages have remained relatively stable, with principal residences far outpacing other types. These shifts in mortgage types might matter because they could signal changing housing demands and investment priorities. For investors, a surge in principal residence mortgages hints at a growing population or increased buyer activity that could spur both rental and purchasing demand, potentially elevating property values. Builders and real estate agents could interpret these trends as a need to adjust development projects or marketing strategies to cater to homebuyers primarily seeking principal residences. Additionally, appraisers and insurance agents might find these changes relevant for risk assessment and policy adjustments, respectively, as varying occupancy types come with different risk profiles.
Economic Outlook
Washakie County, Wyoming shows varied economic indicators that could impact real estate trends. Average taxable income per tax return peaked at $70,719.20 in 2021 after hitting a low of $60,929.08 in 2017, hinting at a recovery pattern. State and local income taxes have been erratic, with a sharp rise to $10,033.33 in 2013 and subsequent fluctuations, likely influencing housing demand. Total tax liabilities have also been unstable, peaking at $13,249.15 in 2013 before decreasing and slightly... Read more
Average Taxable Income per Tax Return in Washakie County, WY over the last 9 years
Washakie County, Wyoming has seen fluctuations in average taxable income per tax return over the last nine years, peaking at $70,719.20 in 2021. From a low of $60,929.08 in 2017, the income levels have generally rebounded, suggesting a potential recovery or growth trend. This data could be pertinent for real estate agents, potential investors, and insurance agents to gauge economic stability and prosperity in the area.
Average State and Local Income Taxes Per Tax Return in Washakie County, WY Over the Last 6 Years
The average state and local income taxes per tax return in Washakie County, Wyoming have shown significant fluctuations over the past six years. The sharp increase to $10,033.33 in 2013, followed by a steep decline suggests volatile economic conditions or shifting tax policies. Investors and potential property buyers may find these oscillations indicative of broader financial stability trends within the county. Such variability in tax burdens could also affect housing demand and insurance premium calculations, making it a critical point of consideration for stakeholders.
Average Total Tax Liability Per Tax Return in Washakie County, WY Over the Last 10 Years
Over the past decade, Washakie County, Wyoming has experienced notable fluctuations in average total tax liability per tax return. After peaking at $13,249.15 in 2013, the figures saw a decline to $8,889.55 by 2019. Values have since slightly rebounded, reaching $10,914.77 in 2021. These shifts may reflect broader economic conditions and local developments, potentially affecting decisions for investors, property developers, and residents considering tax implications.
Cost of Living in Washakie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,516 | $2,879 | $1,107 | $1,187 |
| 1 adult 4 children | $1,174 | $1,238 | $2,228 | $1,107 | $1,246 |
| 2 adults 3 children | $1,174 | $1,239 | $2,485 | $1,107 | $922 |
| 1 adult 3 children | $1,174 | $1,011 | $1,834 | $1,107 | $971 |
| 2 adults 2 children | $826 | $1,014 | $2,091 | $962 | $739 |
| 1 adult 2 children | $826 | $757 | $1,440 | $962 | $666 |
| 2 adults 1 child | $826 | $801 | $1,698 | $491 | $697 |
| 1 adult 1 child | $826 | $518 | $1,046 | $491 | $545 |
| 2 adults | $629 | $644 | $1,304 | $0 | $599 |
| 1 adult | $625 | $351 | $652 | $0 | $475 |
Safety trends & Data
Washakie County, Wyoming has seen varied property crime trends over the past five years. Larceny-theft is the most common, peaking at 31.0 incidents in 2021. Burglary has significantly declined from 12.0 instances in 2018 to just 1.0 recently, and motor vehicle theft also shows a downward trajectory. Vandalism appeared only in 2020 and 2021, while arson remains minimal. This data is crucial for property investors, real estate agents, and insurance professionals assessing the area's risk profile... Read more
Property Crime Trends in Washakie County, WY Over the Last 5 Years
Over the past five years, Washakie County, Wyoming has experienced fluctuating property crime trends. While incidents of larceny-theft peaked at 31.0 in 2021, they've generally remained the most frequent type of property crime. Burglary and motor vehicle theft show a decline, with the former dropping from 12.0 instances in 2018 to just 1.0 in recent years. Interestingly, vandalism appeared in records only in 2020 and 2021, while arson saw minimal occurrences. These insights could be pivotal for property investors, real estate agents, and insurance professionals as they evaluate the area's risk profile and plan future developments.
Demographics
Washakie County, Wyoming showcases an adult population that's fairly balanced between males and females, with males slightly outnumbering females. The educational attainment data suggests that a significant portion of the adult population has some college education, though high school graduates form the largest single category. Age-wise, the county has a noticeable skew toward older age groups, with a substantial number of residents aged 55 and older. The race distribution is predominantly... Read more
Race Distribution in Washakie County, Wyoming (2022)
Educational Attainment in Washakie County, Wyoming (2022)
Age Distribution in Washakie County, Wyoming
Citizen Population in Washakie County, Wyoming (2022)
Political Trends & Data
Washakie County, Wyoming showed a pronounced preference for the Republican candidate in the 2020 U.S. Presidential Election, with the Democratic party receiving markedly fewer votes. Libertarian and other minor parties barely registered. This Republican leaning is consistent with broader rural voting... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Washakie County, Wyoming leaned heavily towards the Republican candidate in the 2020 U.S. Presidential Election with an overwhelming majority of votes. The Democratic party garnered significantly less support, while the Libertarian and other minor parties registered minimal percentages. This trend suggests a strong Republican preference within the county, which is indicative of broader voting patterns observed in rural areas.
80.48% of voters voted for the Republican party in the 2020 Presidential Election
16.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.61% of voters voted for the Livertarian party in the 2020 Presidential Election
1.76% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Washakie County, Wyoming, fluctuates between 9 and 11.5, generally lower than the national average of 14. This trend may indicate higher educational quality, making the area attractive to families. For real estate agents, this is a compelling selling point, while appraisers and insurance agents might factor it into property value assessments. Developers may see potential for family-friendly housing projects in response to this educational... Read more
Student-to-teacher ratio in Washakie County, Wyoming over the last 10 years
The student-to-teacher ratio in Washakie County, Wyoming has experienced fluctuations over the past decade, ranging from a low of around 9 to a peak of nearly 11.5. This local figure generally falls below the national average of 14 students per teacher, potentially indicating smaller class sizes. For investors, smaller ratios can signal higher educational quality, attracting families looking to move to the area. Real estate agents might leverage this as a selling point, while appraisers and insurance agents could see this as a factor in property value assessments. Additionally, developers might find opportunities in this trend for creating family-friendly housing projects.
