San Benito County Real Estate and Livability Trends
San Benito County, California, has seen a significant rise in median home values, jumping from $380,200 in 2015 to $703,200 in 2022, far outpacing state and national trends. This surge signals a high-demand market but raises affordability concerns for investors and homebuyers alike. Energy tax credits have also increased, pointing to a trend in energy-efficient housing that's attractive to... Read more
San Benito County Market Trends
San Benito County's median home values have surged from $380,200 in 2015 to $703,200 in 2022, significantly outpacing both California's and national trends. This sharp rise indicates a high-demand market, making it attractive but also potentially costly for investors and homebuyers. Residential energy tax credits have similarly soared, reflecting increased investments in energy-efficient homes... Read more
Median Value of Occupied Housing Units in San Benito County, California Over the Last 8 Years
San Benito County's median home values have shown significant growth over the last eight years, jumping from $380,200 in 2015 to $703,200 in 2022. This rise outpaces both California's state trend and the national trend. The median value in California went from $385,500 to $659,300 in the same period, while nationwide figures increased from $125,500 to $179,400. Investors and homebuyers looking at San Benito County might find these trends appealing, but they should also be prepared for potentially higher costs compared to state and national averages. Builders and developers could see opportunities in accommodating the rising demand in this increasingly valuable market.
Residential Energy Tax Credit Per Tax Return in San Benito County, CA Over the Last 9 Years
San Benito County, California has seen significant growth in residential energy tax credits per tax return over the past nine years, reflecting a rising trend in energy-efficient improvements. Starting from an average of $1,377.14 in 2013, the tax credits peaked at $5,019.35 in 2018 before stabilizing around $4,276.81 in 2021. This upward trajectory underscores the increasing adoption of energy-saving measures in home construction and renovation, making the county an attractive prospect for eco-conscious investors and homeowners.
Average Real Estate Taxes Per Tax Return in San Benito County, CA Over the Last 10 Years
San Benito County, California has seen a fairly consistent rise in real estate taxes over the last decade, with average taxes per return increasing from around $3,941.07 in 2012 to about $7,386.64 in 2021. This trend could suggest growing property values or changes in tax rates, making it important for potential investors or residents to factor in the rising tax burden when considering the area.
Percentage of Farm Returns in San Benito County, CA Over the Last 10 Years
San Benito County, California, has seen a decline in farm tax returns over the last decade, dropping from approximately 1.79% in 2012 to about 1.28% in 2021. Farm tax returns, which account for income generated from agricultural activities, provide insights into the economic health of the farming sector. This downward trend could suggest challenges in profitability or shifts in land use, which might influence land value and investment opportunities. Potential investors and property developers may want to closely examine these trends, as they could impact decisions related to agricultural ventures, real estate development, and local economic planning.
Number of Mortgages by Occupancy Type in San Benito County, CA Over the Last 5 Years in San Benito County
In the last five years, San Benito County, California has seen an interesting shift in mortgage counts across different occupancy types. Principal residences dominate the mortgage market by a large margin, peaking in 2021, while investment properties and second residences follow significantly behind. Investment properties saw a steady increase up to 2021 before dropping in 2022. This trend could suggest broad investment interest leading up to 2021, followed by a potential saturation or economic shift. Understanding these dynamics is crucial for investors, appraisers, and real estate agents as it indicates market health, potential property value shifts, and risk factors for insurance assessments. Changes suggest varying demand influences driven by broader economic, social, or local policy changes, providing insight into market opportunities or risks.
Economic Outlook
San Benito County, California has experienced a notable increase in average taxable income, rising from $57,598.06 in 2013 to $88,374.77 in 2021, showcasing a strong local economy that could appeal to investors and property developers. Concurrently, average state and local income taxes per tax return have increased from $7,458.82 in 2012 to $13,552.63 in 2021, with a sharp rise between 2019 and 2021, possibly influencing cost-of-living considerations. The average total tax liability per tax... Read more
Average Taxable Income per Tax Return in San Benito County, CA over the last 9 years
San Benito County, CA has seen a noticeable increase in average taxable income over the past nine years, rising from $57,598.06 in 2013 to $88,374.77 in 2021. This upward trend indicates a strong and growing local economy, making it an attractive area for investment and property development. The data suggests a significant rise in residents' disposable income, which can fuel local business growth and neighborhood improvements.
Average State and Local Income Taxes Per Tax Return in San Benito County, CA Over the Last 10 Years
Over the past decade, San Benito County, CA has seen a steady increase in average state and local income taxes per tax return, rising from $7,458.82 in 2012 to a significant $13,552.63 in 2021. Notably, there's a sharp rise between 2019 and 2021, suggesting growing fiscal demands or increased incomes in the region. This upward trend could impact decisions for those considering moving to or investing in the area, as higher taxes might influence the overall cost of living.
Average Total Tax Liability Per Tax Return in San Benito County, CA Over the Last 10 Years
Over the past decade, San Benito County, California, has seen a steady increase in the average total tax liability per tax return, rising from $8,817.38 in 2012 to $13,896.17 in 2021. Notably, the upward trend highlights an expanding economic base and increasing income levels. This trend is particularly relevant for investors, property developers, and potential residents, as it reflects both economic growth and possibly an increasing cost of living. The spike in 2021 could be indicative of post-COVID economic recovery or adjustments in tax legislation impacting liability.
Cost of Living in San Benito County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $3,063 | $1,866 | $2,036 | $2,097 | $2,931 |
| 1 adult 4 children | $3,063 | $1,524 | $1,572 | $2,097 | $2,975 |
| 2 adults 3 children | $3,063 | $1,524 | $1,759 | $2,097 | $2,616 |
| 1 adult 3 children | $3,063 | $1,244 | $1,295 | $2,097 | $2,728 |
| 2 adults 2 children | $2,155 | $1,248 | $1,482 | $1,833 | $1,847 |
| 1 adult 2 children | $2,155 | $932 | $1,018 | $1,833 | $2,004 |
| 2 adults 1 child | $2,155 | $986 | $1,206 | $973 | $1,442 |
| 1 adult 1 child | $2,155 | $637 | $741 | $973 | $1,434 |
| 2 adults | $1,637 | $792 | $929 | $0 | $953 |
| 1 adult | $1,441 | $432 | $464 | $0 | $933 |
Safety trends & Data
San Benito County, California has seen fluctuating property crime trends over the past five years. In 2019, burglaries peaked at 42 cases but dropped drastically to 13 in 2022. Vandalism, however, has been on the rise, hitting 31 cases in 2022. Low but slightly increasing arson rates in 2020 and 2021, combined with varied larceny-theft incidents, suggest shifting criminal activity patterns that might impact property investment decisions, safety protocols, and community planning... Read more
Property Crime Trends in San Benito County, CA Over the Last 5 Years
San Benito County, California has experienced fluctuating property crime trends over the past five years. While burglaries spiked in 2019 at 42 cases, they dropped significantly by 2022 to just 13 reported incidents. Vandalism cases, on the other hand, climbed steadily, peaking at 31 in 2022. Arson incidents remained relatively low but saw slight increases in both 2020 and 2021. Trends in fraud and theft cases have varied, with noticeable increases in larceny-theft in recent years. Such data might indicate shifts in criminal activity and could influence decisions around property investments, safety measures, and community planning.
Demographics
San Benito County showcases a fairly balanced gender distribution with a slight male majority. Educational attainment reveals a significant portion of the adult population has a high school diploma or some college experience, while fewer individuals hold a graduate or professional degree. The county exhibits a broad age range, with notable populations in both the under 10 and 25 to 64 year categories. Racially, the area is predominantly White, though there's a considerable representation from... Read more
Race Distribution in San Benito County, California (2022)
Educational Attainment in San Benito County, California (2022)
Age Distribution in San Benito County, California
Citizen Population in San Benito County, California (2022)
Political Trends & Data
San Benito County, California, leaned Democratic in the 2020 U.S. Presidential Election, with around 61% of votes supporting the Democratic candidate. Republicans garnered about 37%, while minor parties like Libertarians and Greens had minimal impact at around 1% and 0.3%, respectively. The data hints at a primarily Democratic voter base in recent... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
San Benito County, California, shows a notable leaning toward the Democratic Party with approximately 61% of the vote share in the 2020 U.S. Presidential Election. Republicans came in second, garnering around 37%. Minor parties like the Libertarian and Green parties had minimal impact, contributing roughly 1% and 0.3%, respectively, along with other parties collectively receiving about 0.6%. This highlights San Benito's political leanings and might suggest a predominantly Democratic voter base in recent elections.
36.73% of voters voted for the Republican party in the 2020 Presidential Election
61.14% 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
0.32% of voters voted for the Green party in the 2020 Presidential Election
0.61% of voters voted for the Other party in the 2020 Presidential Election
School Data
San Benito County, California's student-to-teacher ratio has shown variation over the past nine years, peaking at about 23 in 2015 and hitting a low at roughly 19 in 2017. These figures have consistently been above the national average of 14 students per teacher, hinting at unique local educational investment trends. This could reflect changes in population dynamics or shifts in educational funding and policy. For potential investors, new residents, real estate agents, and insurance agents,... Read more
Student-to-teacher ratio in San Benito County, California over the last 9 years
Over the last nine years, San Benito County, California's student-to-teacher ratio has fluctuated, peaking at about 23 in 2015 and dropping to its lowest at approximately 19 in 2017. This ratio has consistently remained higher than the national average of 14 students per teacher. These trends might suggest varying levels of investment in education within the county, and could be indicative of either changing population dynamics or shifts in educational funding and policy. Potential investors, new residents, real estate agents, and insurance agents might find this information useful as it offers insight into community resources and the quality of local education, which could influence property values and desirability.
