Placer County Real Estate and Livability Trends
Placer County, California's real estate market offers valuable insights with the median home values rising from $358,500 in 2015 to $627,100 in 2022, suggesting strong appreciation trends. High average taxable incomes and increased state and local income taxes highlight robust local economic growth, which could appeal to property developers and investors. The decline in the student-to-teacher... Read more
Placer County Market Trends
Placer County, California has experienced a substantial rise in median home values, increasing from $358,500 in 2015 to $627,100 in 2022, outpacing national growth trends. This trajectory coupled with fluctuating residential energy tax credits, peaking at $5487.54 in 2018, indicates a strong market with potential for energy-efficient investments. Average real estate taxes have also surged, rising... Read more
Median Value of Occupied Housing Units in Placer County, California Over the Last 8 Years
The median home values in Placer County, California have seen a consistent increase over the last eight years, climbing from $358,500 in 2015 to $627,100 in 2022. This growth outpaces the national trend, where median values rose from $125,500 to $179,400 over the same period. While Placer County's 2022 median value is still lower than California's statewide median of $659,300, it reflects a robust upward trajectory, indicating a strong local housing market that could be attractive for investors and potential homeowners looking for growth opportunities.
Residential Energy Tax Credit Per Tax Return in Placer County, CA Over the Last 9 Years
Over the past nine years, Placer County, California has seen notable fluctuations in the average residential energy tax credit per tax return, peaking at $5487.54 in 2018. This volatility reflects changing incentives and possibly varying rates of adoption of energy-efficient technologies among residents. Investors and potential homeowners should take note of how these tax credits can significantly impact the affordability of sustainable upgrades, while builders may find growing demand for energy-efficient homes.
Average Real Estate Taxes Per Tax Return in Placer County, CA Over the Last 10 Years
Over the last decade, Placer County, California has seen a notable increase in average real estate taxes per tax return, starting at approximately $4,365.74 in 2012 and reaching around $7,492.18 by 2021. This upward trend might suggest a rise in property values and could be an indicator of the county's growing appeal or improved infrastructure. For investors and potential homeowners, understanding these figures can provide valuable insight into the region's economic progression and future tax implications.
Percentage of Farm Returns in Placer County, CA Over the Last 10 Years
The last decade has shown a subtle yet consistent decline in the percentage of farm returns in Placer County, California, sliding from approximately 0.67% in 2012 to around 0.51% in 2021. Farm tax returns often serve as an indirect measure of the agricultural activity and economic health of rural areas. This downward trend might suggest a gradual shift away from traditional farming or a consolidation within the agricultural industry. For those considering investment, development, or relocation to Placer County, understanding this trend could offer insights into the changing economic landscape and potential opportunities or challenges in the local agricultural sector.
Number of Mortgages by Occupancy Type in Placer County, CA Over the Last 5 Years in Placer County
Over the last five years in Placer County, California, there has been a significant fluctuation in mortgage counts across different occupancy types. Principal Residences saw the highest mortgage counts, peaking at 56,378 in 2020 but dropping notably to 24,412 by 2022. Investment Properties and Second Residences also displayed varying trends, with Investment Properties peaking at 3,563 in 2021 before declining sharply to 1,851 in 2022. These changes likely reflect broader economic conditions, shifts in property market dynamics, and evolving consumer preference, all of which investors, real estate agents, insurance agents, and other stakeholders need to consider when making decisions.
Economic Outlook
Placer County, California's real estate market presents substantial opportunities, with the average taxable income per tax return rising to $123,290.32 in 2021, indicating strong local economic growth. Average state and local income taxes have also surged, hitting $21,878.36 in 2021, a key financial consideration for potential residents. The area shows a significant increase in average total tax liability per tax return, reaching $23,088.31 by 2021, reflecting higher incomes and potentially... Read more
Average Taxable Income per Tax Return in Placer County, CA over the last 9 years
Over the past nine years, the average taxable income per tax return in Placer County, CA has exhibited a notable upward trend, peaking significantly in 2021 at $123,290.32. This continuous rise, with a substantial jump in the last recorded year, signals strong economic growth and higher incomes for residents, making it an attractive location for investors and those considering moving. High average incomes suggest robust local demand for housing and services, enhancing prospects for property developers and business owners looking to capitalize on the area's economic vitality.
Average State and Local Income Taxes Per Tax Return in Placer County, CA Over the Last 10 Years
Over the last decade in Placer County, CA, average state and local income taxes per tax return have seen a substantial rise, starting from $9,060.87 in 2012 and reaching $21,878.36 by 2021. This sharp increase, particularly notable in the jump from $17,468.09 in 2020 to $21,878.36 in 2021, highlights a significant financial consideration for residents and potential movers assessing the long-term cost of living in this area.
Average Total Tax Liability Per Tax Return in Placer County, CA Over the Last 10 Years
Over the past decade, Placer County, California has seen a notable increase in average total tax liability per tax return, starting at $12,770.37 in 2012 and rising substantially to $23,088.31 in 2021. This upward trend, especially the sharp rise in the last few years, suggests more income and possibly higher property values, indicating a robust economic environment. For investors, potential homeowners, and developers, this indicates a flourishing locale with promising returns, while residents might reflect on the financial implications of this growth.
Cost of Living in Placer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,943 | $1,810 | $2,162 | $2,489 | $2,938 |
| 1 adult 4 children | $2,943 | $1,478 | $1,669 | $2,489 | $2,991 |
| 2 adults 3 children | $2,943 | $1,478 | $1,868 | $2,489 | $2,642 |
| 1 adult 3 children | $2,943 | $1,207 | $1,375 | $2,489 | $2,715 |
| 2 adults 2 children | $2,070 | $1,210 | $1,574 | $2,168 | $1,839 |
| 1 adult 2 children | $2,070 | $904 | $1,081 | $2,168 | $1,985 |
| 2 adults 1 child | $2,070 | $956 | $1,280 | $1,123 | $1,358 |
| 1 adult 1 child | $2,070 | $618 | $787 | $1,123 | $1,357 |
| 2 adults | $1,651 | $768 | $986 | $0 | $916 |
| 1 adult | $1,506 | $419 | $493 | $0 | $889 |
Safety trends & Data
Placer County, California has seen fluctuations in property crime, with notable decreases in burglary and larceny-theft in 2021, followed by a gradual increase in 2022. Motor vehicle theft remains a concern, while arson and embezzlement occur less frequently. These trends could potentially impact real estate values and insurance premiums, making them crucial considerations for potential investors or new... Read more
Property Crime Trends in Placer County, CA Over the Last 5 Years
In recent years, Placer County, California has seen noticeable fluctuations in property crime, including significant decreases and small resurgence. Notably, the most common property crimes have been burglary, larceny-theft, and motor vehicle theft. While burglary and larceny-theft saw a sharp drop in 2021, they experienced a gradual increase again by 2022. Arson and embezzlement, relatively lower in occurrence, displayed consistent but minimal changes during the period. Those considering investments or moving to the area should weigh these trends, as factors such as property safety can influence real estate values and insurance premiums.
Demographics
Placer County, California, exhibits a nearly balanced gender distribution among adults with a slightly higher count of females than males. Educational attainment is notable with a significant percentage holding bachelor's or graduate degrees, indicating a well-educated population that might drive local economic and social development. The age distribution shows a substantial segment of the population falling within the 35 to 64-year age range, potentially aligning with workforce and mid-career... Read more
Race Distribution in Placer County, California (2022)
Educational Attainment in Placer County, California (2022)
Age Distribution in Placer County, California
Citizen Population in Placer County, California (2022)
Political Trends & Data
In Placer County, California, the 2020 U.S. Presidential Election results show a slight Republican edge with around 52% of the votes, while Democrats captured roughly 45%. This near balance between the two major parties could indicate a more politically varied community. Despite the dominance of Republicans, the significant Democratic presence may influence local real estate trends, potentially attracting a diverse mix of residents who value different aspects of the community, from fiscal... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Placer County, California, the 2020 U.S. Presidential Election vote distribution indicates a leaning towards the Republican party with an estimated 52% of the vote, while Democrats garnered around 45%. Minor parties like the Libertarian and Green parties received considerably less, with approximately 2% and less than 1% respectively. This trend might suggest a predominantly conservative voter base, yet the relatively strong showing by Democrats hints at a more politically diverse landscape than might be expected.
52.10% of voters voted for the Republican party in the 2020 Presidential Election
45.46% of voters voted for the Democrat party in the 2020 Presidential Election
1.68% of voters voted for the Livertarian party in the 2020 Presidential Election
0.33% of voters voted for the Green party in the 2020 Presidential Election
0.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
Placer County, California has seen its student-to-teacher ratio decline from about 23 students per teacher in 2014 to around 21 recently, with a notable drop to 20 in 2021. This trend is potentially appealing to families and investors since a lower ratio often means more personalized education, which can positively impact property values. However, Placer County's ratio still exceeds the national average of 14, indicating possible room for further improvement but also reflecting the area's... Read more
Student-to-teacher ratio in Placer County, California over the last 9 years
Placer County, California has shown a decline in its student-to-teacher ratio over the past nine years, from around 23 students per teacher in 2014, down to approximately 21 in recent years, with a noteworthy drop in 2021 to 20 students per teacher. This matters for potential investors, residents, educators, and appraisers because a lower student-to-teacher ratio often signals a more personalized educational experience, which can be attractive to families and can enhance property values. Compared to the national average of 14 students per teacher, Placer County still has relatively higher ratios, suggesting room for improvement but also reflecting regional educational conditions that potential movers should be aware of.
