Bristol County Real Estate and Livability Trends
In Bristol County, Massachusetts, average taxable income per return has surged from about $58,630.72 in 2013 to roughly $81,281.32 in 2021, possibly hinting at both economic growth and rising costs of living. Concurrently, property taxes have climbed from $3,920.02 in 2012 to $5,953.36 in 2021, potentially influencing homeownership costs and long-term investment returns. Median home values have... Read more
Bristol County Market Trends
Median home values in Bristol County, Massachusetts, have seen an impressive climb from $273,100 in 2015 to $385,000 in 2022, outpacing national growth and presenting attractive investment opportunities despite being lower than the state's average of $483,900 in 2022. Energy tax credits have shown significant volatility, peaking at $4,624.03 in 2018 and then settling at $1,258.22 in 2021,... Read more
Median Value of Occupied Housing Units in Bristol County, Massachusetts Over the Last 8 Years
Over the past 8 years, median home values in Bristol County, Massachusetts have surged, starting at $273,100 in 2015 and reaching $385,000 in 2022. This increase is markedly rapid compared to the national median values, which moved from $125,500 in 2015 to $179,400 in 2022. Even when comparing it to the state level, where Massachusetts rose from $333,100 to $483,900, Bristol County's growth is significant but still highlights some viable investment opportunities given its relatively lower price point within the state. These patterns could make Bristol County an intriguing spot for value-seeking investors or those considering relocation within Massachusetts.
Residential Energy Tax Credit Per Tax Return in Bristol County, MA Over the Last 9 Years
Residential energy tax credits in Bristol County, Massachusetts have fluctuated significantly over the past nine years, indicating notable changes in energy efficiency investments and policy impacts. After a steady rise from $339.62 in 2013 to a peak of $4,624.03 in 2018, the credits fell back to around $1,047.15 in 2020 before slightly increasing to $1,258.22 in 2021. These fluctuations could suggest shifts in state or federal incentives, economic conditions impacting homeowners' ability to invest in energy improvements, or changing energy prices. For investors, real estate agents, or those looking to move, these trends hint at a dynamic energy efficiency market that may offer various opportunities and challenges.
Average Real Estate Taxes Per Tax Return in Bristol County, MA Over the Last 10 Years
Investors and prospective homeowners in Bristol County, Massachusetts, may want to note the steady increase in real estate taxes over the past decade. From $3,920.02 per tax return in 2012, property taxes have gradually climbed to $5,953.36 by 2021. This upward trend could impact decisions related to buying property or assessing long-term investment returns. Insurance agents and appraisers might also need to adjust their valuations and forecasts to accommodate these higher annual expenses.
Percentage of Farm Returns in Bristol County, MA Over the Last 10 Years
Farm tax returns in Bristol County, Massachusetts, have shown slight fluctuations over the past decade. In 2012, farm returns were at approximately 0.16% and saw minor dips and rises, reaching about 0.13% in 2021. Monitoring these trends is crucial for potential investors and property developers, as it indicates the county's agricultural activity and economic health. Stable yet modest farm returns suggest a relatively constant agricultural sector, which may impact land use regulations and property value assessments in the area.
Number of Mortgages by Occupancy Type in Bristol County, MA Over the Last 5 Years in Bristol County
Principal residence mortgages in Bristol County, Massachusetts have consistently dominated the mortgage landscape over the past five years, although there's a downward trend from 2020 to 2022. Meanwhile, investment property mortgages demonstrated a notable increase in 2021 but similarly saw a decline by 2022. Second residence mortgages have maintained relative stability with slight fluctuations. These shifts can impact property values, insurance risk assessments, and investment strategies, making it crucial for potential investors, insurers, and real estate professionals to monitor occupancy trends to better gauge the area's real estate dynamics and economic health.
Economic Outlook
In Bristol County, Massachusetts, average taxable income per tax return has climbed from about $58,630.72 in 2013 to roughly $81,281.32 in 2021. This increase may indicate economic growth but could also hint at rising living costs. Additionally, state and local income taxes per return have jumped from $5,878.38 in 2012 to $9,133.81 in 2021, suggesting a growing tax burden on residents. The average total tax liability has also risen steadily from $9,213.20 in 2012 to $13,284.79 in 2021, which... Read more
Average Taxable Income per Tax Return in Bristol County, MA over the last 9 years
Over the past nine years, Bristol County, Massachusetts, has seen a notable increase in average taxable income per tax return, rising from approximately $58,630.72 in 2013 to around $81,281.32 in 2021. This upward trend indicates potential economic growth and increasing affluence in the area. While this can be encouraging for investors and real estate developers, it may also suggest rising living costs, impacting affordability for new residents. Real estate agents and appraisers should consider these factors when evaluating property values and market conditions in Bristol County.
Average State and Local Income Taxes Per Tax Return in Bristol County, MA Over the Last 10 Years
Bristol County, Massachusetts has seen a noticeable increase in state and local income taxes per tax return over the last decade. Starting from $5,878.38 in 2012, the average amount has surged to $9,133.81 by 2021. This trend suggests rising tax burdens on residents, which potential investors and those considering relocation might want to factor into their financial planning. The significant jump between 2017 and 2018, from $6,715.64 to $7,883.04, followed by continued increases, could reflect broader economic shifts or changes in tax policies impacting the area.
Average Total Tax Liability Per Tax Return in Bristol County, MA Over the Last 10 Years
The average total tax liability per tax return in Bristol County, Massachusetts has shown a consistent upward trend over the last decade. Starting at $9,213.20 in 2012, the liability has steadily increased, peaking at $13,284.79 in 2021. This notable rise may suggest increasing incomes or changes in local tax policies, which could be crucial for investors, potential residents, real estate professionals, and those involved in property development or insurance. With tax liabilities affecting overall cost of living, understanding these trends is essential for making informed decisions.
Cost of Living in Bristol County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,800 | $1,580 | $1,659 | $2,493 | $1,965 |
| 1 adult 4 children | $1,800 | $1,291 | $1,256 | $2,493 | $2,065 |
| 2 adults 3 children | $1,800 | $1,291 | $1,445 | $2,493 | $1,690 |
| 1 adult 3 children | $1,800 | $1,054 | $1,043 | $2,493 | $1,828 |
| 2 adults 2 children | $1,467 | $1,057 | $1,232 | $2,178 | $1,363 |
| 1 adult 2 children | $1,467 | $789 | $829 | $2,178 | $1,429 |
| 2 adults 1 child | $1,467 | $835 | $1,019 | $1,153 | $1,107 |
| 1 adult 1 child | $1,467 | $540 | $616 | $1,153 | $1,027 |
| 2 adults | $1,181 | $671 | $806 | $0 | $800 |
| 1 adult | $1,057 | $366 | $403 | $0 | $653 |
Safety trends & Data
Bristol County, Massachusetts has seen a notable decrease in several key property crimes over the last five years. Larceny-theft dropped from 1,140 incidents in 2018 to 483 in 2022, and burglary incidents similarly decreased from 171 to 123 over the same period. With fluctuations in vehicle theft and arson, the overall trend in reduced crimes such as embezzlement, fraud, and vandalism points to improving safety and property stability, possibly making the area more attractive for investors,... Read more
Property Crime Trends in Bristol County, MA Over the Last 5 Years
Bristol County, Massachusetts has seen a notable decrease in several key property crimes over the last five years. Larceny-theft dropped from 1,140 incidents in 2018 to 483 in 2022. Burglary incidents similarly decreased from 171 in 2018 to 123 in 2022. Although there remains some fluctuation in categories like motor vehicle theft and arson, the overall downwards trend in crimes such as embezzlement, fraud, and vandalism could suggest improving safety and property stability. This could be an appealing factor for potential investors, property appraisers, or those considering moving to the area.
Demographics
Bristol County, Massachusetts shows a compelling snapshot in its demographic trends. The gender distribution is relatively balanced, with a slight majority of females. Education-wise, a significant portion of the population has only attained a high school diploma, suggesting potential opportunities for higher education initiatives. The age groups from 25 to 64 years represent the bulk of the population, hinting at a robust working-age demographic. Racially, the county is predominantly White,... Read more
Race Distribution in Bristol County, Massachusetts (2022)
Educational Attainment in Bristol County, Massachusetts (2022)
Age Distribution in Bristol County, Massachusetts
Citizen Population in Bristol County, Massachusetts (2022)
Political Trends & Data
Bristol County, Massachusetts may have a notably Democratic inclination in its voting patterns, with Democrats possibly securing a larger share of votes than Republicans. Minor parties like the Libertarian and Green parties might hold minimal influence, gathering around 1.3% and 0.5% of the ballots, respectively. Such trends could indicate a primarily two-party competitive field with limited but noteworthy involvement from smaller political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bristol County in Massachusetts appears to lean towards the Democratic side, with Democrats potentially capturing a higher percentage of votes compared to Republicans. Minor parties like the Libertarian and Green parties seem to have minimal impact, collecting around 1.3% and 0.5%, respectively. Other parties might have picked up roughly 1% of the vote. This distribution could suggest a predominately two-party competitive landscape with some presence of smaller political groups.
42.60% of voters voted for the Republican party in the 2020 Presidential Election
54.51% 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
0.51% of voters voted for the Green party in the 2020 Presidential Election
1.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bristol County, Massachusetts has seen a gradual decline in its student-to-teacher ratio over the past decade—from nearly 15 students per teacher in 2014 to around 13 by 2023. This shift might indicate improvements in educational quality, which could enhance the attractiveness of the area for families considering relocation. Investors and real estate agents might find this trend noteworthy, as better education quality often plays a significant role in a location’s desirability. In fact, the... Read more
Student-to-teacher ratio in Bristol County, Massachusetts over the last 10 years
Over the past decade, Bristol County, Massachusetts has seen a gradual decline in its student-to-teacher ratio, dropping from nearly 15 students per teacher in 2014 to around 13 by 2023. This trend suggests potential improvements in educational quality in the area as smaller class sizes often allow for more individualized attention to students. This is noteworthy for investors, families considering relocation, as well as real estate agents, as education quality is a key factor in the attractiveness of a location. Interestingly, the current ratio of approximately 13 students per teacher is better than the national average, which stands at 14, implying that Bristol County may offer a more favorable student-to-teacher interaction compared to other areas in the United States.
