Solano County Real Estate and Livability Trends
Solano County, California's real estate market has experienced substantial evolution with notable economic and tax changes. The average taxable income surged from $59,752.63 in 2013 to $82,798.88 in 2021, indicating growing affluence, although state and local income taxes also increased to $11,115.95, impacting cost of living. Property values demonstrated explosive growth, with median home values... Read more
Solano County Market Trends
The median home value in Solano County, California has almost doubled from $279,100 in 2015 to $549,100 in 2022, noticeably outpacing both state and national trends. This substantial appreciation hints at a robust local housing demand. The rise in residential energy tax credits, peaking at $5242.76 in 2018, indicates strong investment in energy-efficient home improvements, appealing to... Read more
Median Value of Occupied Housing Units in Solano County, California Over the Last 8 Years
Over the past eight years, the median home value in Solano County, California has surged from $279,100 in 2015 to $549,100 in 2022, representing nearly a doubling of property values. Compared to the state of California and the national market, Solano County's growth rate is particularly striking, given that California's median value rose from $385,500 to $659,300, and the national median only moved from $125,500 to $179,400 during the same period. This significant local appreciation underscores a robust housing demand in Solano County, which may be attracting both investors and potential homeowners drawn by its relatively lower entry price compared to the broader California market.
Residential Energy Tax Credit Per Tax Return in Solano County, CA Over the Last 9 Years
Solano County, California has seen a significant rise in residential energy tax credits over the past nine years, with notable peaks in 2018 at $5242.76 and steady support even in recent years. This trend indicates a strong investment in energy-efficient home improvements, making the area attractive for eco-conscious residents and investors looking to capitalize on green incentives. With average credits frequently above $3000, property developers and homeowners alike might find financial advantages in the county's focus on sustainable living.
Average Real Estate Taxes Per Tax Return in Solano County, CA Over the Last 10 Years
Over the past decade, Solano County in California has experienced a notable upward trend in average real estate taxes per tax return. Starting at approximately $3,205.61 in 2012, this figure progressively rose to around $6,086.91 by 2021. This increase suggests a significantly growing financial commitment for property owners in the area. For potential investors or those considering moving to Solano County, this trend highlights the importance of preparing for higher ongoing costs associated with property ownership.
Percentage of Farm Returns in Solano County, CA Over the Last 10 Years
The percentage of farm tax returns in Solano County, California has generally shown a downward trend over the past decade, starting at around 0.35% in 2012 and dipping to a low of about 0.25% by 2020, with a slight uptick to 0.27% in 2021. Farm tax returns are an indicator of agricultural economic activity, reflecting the number of farms filing taxes. This decline may point to fewer active farms or shifts in the agricultural landscape, which could be relevant for investors, developers, and residents interested in the area's land use and economic stability.
Number of Mortgages by Occupancy Type in Solano County, CA Over the Last 5 Years in Solano County
Solano County, California shows a steady decline in mortgage counts for Principal Residences from 45,964 in 2020 to 20,587 in 2022, implying a broader trend of decreasing primary home purchases or refinancing activity. Interestingly, Investment Properties had varied trends but maximally peaked at 3,768 mortgages in 2021 before dropping sharply. Second Residences maintained very low counts throughout, with a slight peak in 2021. These numbers could suggest shifting investment dynamics, changes in residency patterns, or broader economic conditions impacting mortgage decisions. Understanding these trends is crucial for investors, real estate agents, and appraisers as they adjust strategies for a potentially transforming housing market. Insurance agents and those considering building new property can also better gauge potential risks and demand fluctuations.
Economic Outlook
Solano County, California has seen a significant rise in average taxable income per tax return, growing from $59,752.63 in 2013 to $82,798.88 in 2021, illustrating economic growth and increasing affluence. Concurrently, state and local income taxes have surged to $11,115.95 per tax return in 2021 from $6,484.93 in 2012, especially ramping up post-2018, affecting cost of living. These trends, coupled with a slight fluctuation in poverty rates, position Solano County as a compelling region for... Read more
Average Taxable Income per Tax Return in Solano County, CA over the last 9 years
Solano County, CA has seen a steady increase in average taxable income per tax return over the past nine years, growing from $59,752.63 in 2013 to a significant $82,798.88 in 2021. This upward trend highlights the area's economic growth and increasing affluence, making it an attractive destination for investors, prospective residents, and developers interested in capitalizing on its robust financial climate.
Average State and Local Income Taxes Per Tax Return in Solano County, CA Over the Last 10 Years
Solano County, CA has seen a steady increase in average state and local income taxes per tax return over the past decade, surging from $6,484.93 in 2012 to $11,115.95 by 2021. This upward trend is particularly pronounced from 2018 onwards, indicating significant tax escalations in recent years. Prospective residents should be aware of the rising tax burden, which might affect overall cost of living and financial planning.
Average Total Tax Liability Per Tax Return in Solano County, CA Over the Last 10 Years
Over the past decade, Solano County in California has seen a steady increase in average total tax liability per tax return, climbing from $8,497.03 in 2012 to $12,267.00 in 2021. This upward trend highlights a burgeoning local economy and increasing incomes, making it an appealing spot for potential investors and property developers.
Cost of Living in Solano County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,790 | $1,568 | $2,196 | $2,243 | $2,615 |
| 1 adult 4 children | $2,790 | $1,281 | $1,695 | $2,243 | $2,708 |
| 2 adults 3 children | $2,790 | $1,281 | $1,898 | $2,243 | $2,322 |
| 1 adult 3 children | $2,790 | $1,046 | $1,397 | $2,243 | $2,457 |
| 2 adults 2 children | $1,963 | $1,049 | $1,599 | $1,957 | $1,582 |
| 1 adult 2 children | $1,963 | $783 | $1,098 | $1,957 | $1,733 |
| 2 adults 1 child | $1,963 | $829 | $1,300 | $1,031 | $1,207 |
| 1 adult 1 child | $1,963 | $535 | $799 | $1,031 | $1,205 |
| 2 adults | $1,620 | $666 | $1,002 | $0 | $876 |
| 1 adult | $1,428 | $363 | $501 | $0 | $841 |
Safety trends & Data
Property crime trends in Solano County, California, highlight fluctuating patterns over the past five years. Burglary incidents plummeted from 691.0 cases in 2018 to just 7.0 in 2021, reflecting major progress in reducing break-ins. However, arson cases surged to 51.0 incidents in 2020, up from 15.0 in 2018, pointing to a rising concern. Motor vehicle thefts peaked at 266.0 cases in 2018 before declining to 150.0 by 2022, indicating continuous challenges. These shifts impact insurance rates,... Read more
Property Crime Trends in Solano County, CA Over the Last 5 Years
Property crime trends in Solano County, California, show variances across several categories over the last five years. Burglary saw a significant drop from 691.0 cases in 2018 to just 7.0 in 2021, suggesting clear success in reducing break-ins. Conversely, arson cases spiked noticeably in 2020 with 51.0 incidents, up from 15.0 in 2018, indicating a growing area of concern. The fluctuation in motor vehicle thefts, peaking in 2018 at 266.0 cases and dropping to 150.0 by 2022, illustrates ongoing challenges in vehicle security. Overall, the data imply nuanced changes in property crime, influencing insurance rates, property values, and the general sense of safety among residents and potential investors.
Demographics
Solano County, California, shows a nearly balanced gender distribution with a slight female majority. Educational attainment data indicates a significant portion of the population has some college experience, though many have not obtained a degree. The age distribution suggests a substantial number of residents are in their prime working years (25-54), which may influence the local economy and services. Racially, the county is diverse, with sizable White and Asian populations, and notable... Read more
Race Distribution in Solano County, California (2022)
Educational Attainment in Solano County, California (2022)
Age Distribution in Solano County, California
Citizen Population in Solano County, California (2022)
Political Trends & Data
Voting trends in Solano County, California, reflected a tendency towards Democratic preferences, with roughly 64% of voters supporting the Democratic candidate in the 2020 U.S. Presidential Election. The Republican candidate managed to attract around 34% of the vote, while minor parties such as the Libertarian and Green gained negligible support, approximately 1% and less than 0.5%, respectively. This suggests a solid two-party system dominance in the area, potentially impacting local and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Solano County, California, voting patterns in the 2020 U.S. Presidential Election suggested a likely inclination towards the Democratic Party, with approximately 64% of ballots cast in their favor. The Republican Party appeared to capture about 34% of the vote. Minor parties like the Libertarian and Green saw minimal traction, garnering around 1% and less than 0.5% respectively. This distribution could imply a general preference for more traditional major party candidates over third-party options among Solano County voters.
33.66% of voters voted for the Republican party in the 2020 Presidential Election
63.94% of voters voted for the Democrat party in the 2020 Presidential Election
1.20% of voters voted for the Livertarian party in the 2020 Presidential Election
0.47% of voters voted for the Green party in the 2020 Presidential Election
0.73% of voters voted for the Other party in the 2020 Presidential Election
School Data
Solano County, California has shown fluctuating student-to-teacher ratios, peaking at nearly 25 students per teacher in 2015 and hitting a recent low of around 22 in 2022. With ratios notably higher than the national average of 14, this could pose challenges and opportunities for educational investors and those considering relocation. The declining trend from 2019 to 2022 may indicate improving conditions, potentially impacting property values and educational infrastructure demands. For real... Read more
Student-to-teacher ratio in Solano County, California over the last 9 years
Solano County, California has experienced fluctuating student-to-teacher ratios over the past nine years, peaking at nearly 25 students per teacher in 2015 and seeing a recent low of around 22 in 2022. This is notably higher than the current national average of 14 students per teacher, potentially presenting challenges and opportunities for educational investors, appraisers, and those considering relocation. Higher ratios might suggest crowded classrooms, which could indicate the need for additional educational infrastructure and possibly affect property values and insurance considerations. Conversely, the downward trend from 2019 to 2022 might imply improving educational conditions, making it a point of interest for stakeholders in the education sector and real estate market.
