Lake County Real Estate and Livability Trends
Lake County, California's home values skyrocketed from $164,300 in 2015 to $291,300 in 2022, though they still lag behind the state median. Real estate taxes doubled from $2,818.69 in 2012 to $4,375.98 in 2021, hinting at rising property assessments. Meanwhile, residential energy tax credits peaking at $4,848.57 in 2018 underscore a strong push for eco-friendly home upgrades. These shifts,... Read more
Lake County Market Trends
Lake County, California has seen home values rise from $164,300 in 2015 to $291,300 in 2022, reflecting growing demand or limited supply. Despite this increase, the county's home values remain significantly lower than California's state median. Residential energy tax credits have also risen, peaking at $4,848.57 in 2018, suggesting strong incentives for eco-friendly home improvements. Real estate... Read more
Median Value of Occupied Housing Units in Lake County, California Over the Last 8 Years
Lake County, California has experienced a steady climb in median home values over the last eight years, from $164,300 in 2015 to $291,300 in 2022. This consistent increase may suggest growing demand or limited supply, making it potentially beneficial for real estate investors. Although Lake County's home values are rising at a robust rate, they are still substantially lower compared to California's state median values, which saw an increase from $385,500 to $659,300 in the same period. When compared to the national median values that increased more modestly from $125,500 to $179,400, Lake County presents an intriguing balance of affordability and appreciation for prospective buyers or investors.
Residential Energy Tax Credit Per Tax Return in Lake County, CA Over the Last 9 Years
Over the last nine years in Lake County, California, the residential energy tax credit per tax return has seen a significant upward trend, peaking at $4,848.57 in 2018. This steady increase highlights strong incentives for energy-efficient home improvements, making it an attractive area for eco-conscious investors and homeowners. By 2021, the tax credit remained high at $4,054.69, signaling ongoing opportunities for savings through energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Lake County, CA Over the Last 10 Years
Over the past decade, Lake County, California has seen a notable rise in average real estate taxes per tax return, increasing from $2,818.69 in 2012 to approximately $4,375.98 in 2021. This upward trend might suggest escalating property values or changes in tax assessments, offering potential insights for investors considering property developments and homeowners evaluating long-term costs. This data could be particularly relevant for prospective residents or current homeowners interested in understanding the financial commitments associated with property ownership in the region.
Percentage of Farm Returns in Lake County, CA Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Lake County, California has seen a gradual decline. Starting at approximately 1.98% in 2012, the value dipped to around 1.34% in 2021, with a few intermittent fluctuations. Farm tax returns represent a portion of taxable revenue derived from agricultural activities, giving insight into the economic health and land use patterns in the area. This trend might hint at shifting economic focuses, potential challenges in the agricultural sector, or changes in land usage, which could be significant for investors, prospective property builders, or residents considering a move to Lake County.
Number of Mortgages by Occupancy Type in Lake County, CA Over the Last 5 Years in Lake County
In Lake County, California over the past five years, the majority of mortgages have consistently been for principal residences, with counts fluctuating between approximately 3,000 and 5,200 annually. Investment property and second residence mortgage counts have been considerably lower, with investment properties peaking around 337 and second residences around 407. Notably, there was a surge in principal residence mortgages in 2021 which points to potential population growth or a rising preference for homeownership during that year. Changes in occupancy type directly impact the local economy, influencing property values, demand for community amenities, and even insurance risk assessments. For investors and developers, understanding the trends in primary vs. secondary and investment properties can offer insights into market stability and growth opportunities. Real estate agents and appraisers might find these shifts useful for pricing strategies and market forecasts, while insurance agents can better gauge risk profiles based on the prevalent use of properties. Potential residents and those currently living in the county should consider how such trends could affect neighborhood dynamics and future market conditions.
Economic Outlook
Lake County, California has seen an uptick in average taxable income per tax return from approximately $41,785.38 in 2013 to about $58,400.63 in 2021, signaling potential economic growth and possibly more earning opportunities. However, this comes with a nearly doubled state and local income tax, surging from $5,380.42 in 2012 to $10,292.26 in 2021, reflecting higher living costs. Additionally, the average total tax liability per tax return has climbed from $6,005.30 in 2012 to $8,227.75 by... Read more
Average Taxable Income per Tax Return in Lake County, CA over the last 9 years
Lake County, CA has seen a notable increase in average taxable income per tax return over the last nine years, growing from approximately $41,785.38 in 2013 to about $58,400.63 in 2021. This steady rise reflects economic growth and potentially increased earning opportunities in the area, making it an attractive region for potential investors, those looking to relocate, and anyone interested in the local property market. With higher average incomes, the county could also be experiencing shifts in demographics, which may influence everything from real estate trends to community resources and services.
Average State and Local Income Taxes Per Tax Return in Lake County, CA Over the Last 10 Years
Over the past decade, Lake County, CA, has seen a significant rise in average state and local income taxes per tax return, jumping from $5,380.42 in 2012 to $10,292.26 in 2021. This near-doubling of taxes highlights increasing financial demands on residents, likely reflecting broader economic changes and cost-of-living adjustments in the area. For potential movers and current residents, the escalating tax burden underscores the need to consider these rising costs when budgeting for life in Lake County.
Average Total Tax Liability Per Tax Return in Lake County, CA Over the Last 10 Years
Lake County, California has seen a consistent upward trend in average total tax liability per tax return over the past decade. Starting at $6,005.30 in 2012, the average liability climbed to $8,227.75 by 2021. This significant rise, especially noticeable spikes in 2017 and 2020, suggests an increasing tax burden which could be attributed to various economic factors. For investors, property developers, and potential residents, this trend indicates that while the area may be growing and possibly offering more in terms of services and infrastructure, it comes at a higher cost of living and taxes compared to ten years ago.
Cost of Living in Lake County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,587 | $1,769 | $2,547 | $1,778 | $1,955 |
| 1 adult 4 children | $1,587 | $1,445 | $1,971 | $1,778 | $2,102 |
| 2 adults 3 children | $1,587 | $1,446 | $2,198 | $1,778 | $1,601 |
| 1 adult 3 children | $1,587 | $1,180 | $1,622 | $1,778 | $1,750 |
| 2 adults 2 children | $1,117 | $1,183 | $1,850 | $1,546 | $1,130 |
| 1 adult 2 children | $1,117 | $884 | $1,274 | $1,546 | $1,081 |
| 2 adults 1 child | $1,117 | $935 | $1,501 | $792 | $889 |
| 1 adult 1 child | $1,117 | $604 | $925 | $792 | $716 |
| 2 adults | $849 | $751 | $1,152 | $0 | $672 |
| 1 adult | $747 | $410 | $576 | $0 | $572 |
Safety trends & Data
Property crime in Lake County, California has seen notable shifts in the past five years, with burglary cases peaking at 87 in 2018 before dropping to just 6 in 2021 and partially rebounding to 40 in 2022. Larceny-theft cases also plummeted from 71 in 2018 to a mere 2 in 2021, then increased to 40 in 2022. Motor vehicle theft peaked at 49 cases in 2019 but declined to 17 cases by 2022, while vandalism saw a moderate decrease from 36 cases in 2018 to 28 in 2022. These fluctuations may influence... Read more
Property Crime Trends in Lake County, CA Over the Last 5 Years
Property crime trends in Lake County, California reveal noticeable fluctuations over the last five years. Burglary incidents spiked in 2018 at 87 cases but significantly dropped to just 6 cases in 2021 before slightly rising again to 40 cases in 2022. Larceny-theft saw a dramatic decrease from 71 cases in 2018 to merely 2 cases in 2021, with a partial recovery to 40 cases in 2022. Motor vehicle theft also varied, peaking at 49 cases in 2019 but reducing to 17 cases by 2022. Vandalism seems to have moderately decreased from 36 cases in 2018 to 28 cases in 2022. This data could be pertinent for those considering investment opportunities or property developments in the area, as well as for real estate agents and appraisers requiring an understanding of local crime trends for accurate assessments.
Demographics
The gender ratio in Lake County, California, shows a fairly balanced adult population, with a slight edge for females. When checking educational attainments, a diverse spread is seen with a notable portion holding high school diplomas and some college experience. The age distribution hints at an older skew, with a considerable number above 55 years, which could impact local social services and healthcare. In terms of racial demographics, the majority of the population identifies as White, yet... Read more
Race Distribution in Lake County, California (2022)
Educational Attainment in Lake County, California (2022)
Age Distribution in Lake County, California
Citizen Population in Lake County, California (2022)
Political Trends & Data
In Lake County, California, the 2020 U.S. Presidential Election results suggest Democrats could have a slight edge with around 51.9% of the vote, while Republicans captured 45.5%. Minor parties like the Libertarians and Greens achieved minimal support, indicating a potential preference for major two-party candidates in this county. This voting pattern might highlight nuanced voter priorities, relevant for predicting shifts in future local and state... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lake County, California, the 2020 U.S. Presidential Election results show Democrats might have a slight edge with approximately 51.9% of the vote, compared to Republicans' 45.5%. Minor parties like the Libertarians and Greens seem to have garnered minimal support, indicating a possible preference for the major two-party candidates in this county. These trends could suggest nuanced voter priorities that might affect future local and state elections.
45.55% of voters voted for the Republican party in the 2020 Presidential Election
51.86% of voters voted for the Democrat party in the 2020 Presidential Election
1.30% of voters voted for the Livertarian party in the 2020 Presidential Election
0.72% of voters voted for the Green party in the 2020 Presidential Election
0.58% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Lake County, California, has fluctuated over the past nine years, peaking around 22 students per teacher in 2014 and 2018, and falling to approximately 18 students per teacher in 2015. This variability might influence perceptions of property value and investment decisions, given that smaller class sizes are typically linked to higher educational quality. For those considering relocation or investment, these trends could serve as indicators of educational demand... Read more
Student-to-teacher ratio in Lake County, California over the last 9 years
The student-to-teacher ratio in Lake County, California has fluctuated over the past nine years, generally staying well above the current national average of 14 students per teacher. Ratios peaked at around 22 in 2014 and 2018, with the lowest value recorded in 2015 at approximately 18 students per teacher. This variation in classroom density can potentially impact investment decisions and property value perceptions, as smaller class sizes are often associated with higher educational quality. Those interested in moving to the area or real estate professionals might see these figures as indicators of varying educational demands and teacher staffing levels, which could influence family decisions and local economic growth. From an appraiser’s or insurance agent’s perspective, these trends might also hint at cyclical changes in community demographics and institutional resource allocations.
