Dukes County Real Estate and Livability Trends
Dukes County, Massachusetts has seen its average taxable income per tax return almost double from $65,708.34 in 2013 to $127,152.72 in 2021, hinting at rising affluence and investment prospects that could impact property valuations and insurance premiums. Median home values surged from $699,500 in 2019 to $998,100 in 2022, outpacing state and national growth, suggesting heightened demand. Average... Read more
Dukes County Market Trends
Median home values in Dukes County, Massachusetts have surged from $699,500 in 2019 to $998,100 in 2022, outpacing both state and national growth. This trend hints at heightened demand and potentially unique economic pressures. Residential energy tax credits per tax return spiked from $1,443.33 in 2013 to $5,100.00 in 2018, reflecting increased investment in energy-efficient upgrades. Average... Read more
Median Value of Occupied Housing Units in Dukes County, Massachusetts Over the Last 8 Years
Median home values in Dukes County, Massachusetts have experienced significant growth, particularly in the last three years, skyrocketing from $699,500 in 2019 to $998,100 in 2022. This rise outpaces both the state of Massachusetts, where values increased from $381,600 to $483,900, and the national median, which went from $142,700 to $179,400 over the same period. Such trends might indicate a heightened demand for properties in Dukes County, making it a potentially lucrative market for investors and prospective homeowners, or perhaps reflecting unique economic pressures distinct to this region.
Residential Energy Tax Credit Per Tax Return in Dukes County, MA Over the Last 9 Years
Over the past nine years, Dukes County, Massachusetts has seen a noteworthy fluctuation in residential energy tax credits per tax return. The average credit jumped significantly from $1,443.33 in 2013 to a peak of $5,100.00 in 2018, suggesting an increasing investment in energy-efficient upgrades and possibly fluctuating state or federal incentives. This trend could imply that homeowners are more motivated to implement green technologies, which might be of interest to real estate agents, investors, and builders focusing on sustainable properties. Insurance agents and appraisers might also watch these changes closely, as they can reflect broader economic dynamics and shifts in property values within the county.
Average Real Estate Taxes Per Tax Return in Dukes County, MA Over the Last 10 Years
Over the past decade, Dukes County, Massachusetts, has seen a noticeable increase in average real estate taxes per tax return. This upward trend, growing from approximately $4,763.93 in 2012 to around $7,602.89 in 2021, suggests rising property values and possibly heightened municipal budgets. For potential investors, this trend might imply appreciating real estate values, while current homeowners might see larger tax obligations. Real estate professionals and appraisers should account for these changes when assessing property worth, and insurance agents may need to adjust coverage costs accordingly.
Percentage of Farm Returns in Dukes County, MA Over the Last 10 Years
Farm tax returns in Dukes County, Massachusetts have seen slight fluctuations over the past decade, generally hovering below 1%. Specifically, 2016 marked a modest increase to about 0.53%, while more recent years like 2021 saw a percentage around 0.36%. Farm tax returns are essentially the percentage of all tax returns filed by farm owners, indicating the proportion of farm activity relative to other economic activities. For potential investors, property developers, or residents, the relatively low and stable farm tax return percentages suggest that agriculture is present but not dominant in the local economy. This might affect considerations such as zoning, local market opportunities, and community involvement in agricultural initiatives.
Number of Mortgages by Occupancy Type in Dukes County, MA Over the Last 5 Years in Dukes County
Dukes County, Massachusetts has seen fluctuation in mortgage counts over the past five years, with principal residences consistently showing the highest numbers. However, a notable increase in investment properties and second residences in 2021 suggests growing interest in non-primary home investments. Such shifts may appeal to investors looking for rental income opportunities or vacation homes. These trends could affect property values and insurance risks, which are crucial considerations for appraisers, insurance agents, and those looking to move or invest in this area. Understanding these dynamics helps gauge market demand and forecast future real estate developments.
Economic Outlook
Dukes County, Massachusetts has witnessed a significant rise in average taxable income per tax return, jumping from $65,708.34 in 2013 to $127,152.72 in 2021. This trend hints at growing affluence and investment prospects, while potentially impacting property valuations and insurance premiums. Moreover, the average state and local income taxes have surged, moving from $6,896.70 in 2012 to $22,802.75 in 2020, which could suggest economic growth, higher incomes, or shifts in tax policies.... Read more
Average Taxable Income per Tax Return in Dukes County, MA over the last 9 years
Dukes County, Massachusetts has seen a notable upward trend in average taxable income per tax return over the past nine years. Starting at $65,708.34 in 2013, the average income has climbed significantly, reaching $127,152.72 in 2021. This rise suggests increasing affluence in the area, which could signal growing investment opportunities and housing market potential, while also possibly impacting property valuations and insurance premiums. Real estate agents, appraisers, and potential property developers might find this data indicative of a flourishing economic environment that warrants further exploration.
Average State and Local Income Taxes Per Tax Return in Dukes County, MA Over the Last 10 Years
Over the past decade in Dukes County, Massachusetts, there has been a noticeable upward trend in average state and local income taxes per tax return. Starting from $6,896.70 in 2012, the figures have significantly increased, with a sharp spike to $22,802.75 in 2020. This consistent rise might suggest growing economic activity, higher incomes, or changes in tax policies. The surge in 2018 and 2019, hitting over $12,000 and $16,000 respectively, could indicate rapid economic growth or property value changes. This pattern is essential for potential investors and residents considering the financial landscape of Dukes County.
Average Total Tax Liability Per Tax Return in Dukes County, MA Over the Last 10 Years
Over the past decade, Dukes County, Massachusetts has experienced a notable upward trend in average total tax liability per tax return. From $11,884.31 in 2012 to a substantial increase to $26,846.75 by 2021, this steady rise could reflect increasing property values, higher incomes, or both. For those considering investments or real estate ventures in this region, understanding this pattern may highlight the potential for rising property values or changing economic conditions, directly impacting appraisals and insurance assessments.
Cost of Living in Dukes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $3,016 | $2,051 | $2,245 | $2,429 | $3,110 |
| 1 adult 4 children | $3,016 | $1,675 | $1,692 | $2,429 | $3,037 |
| 2 adults 3 children | $3,016 | $1,676 | $1,961 | $2,429 | $2,803 |
| 1 adult 3 children | $3,016 | $1,368 | $1,407 | $2,429 | $2,753 |
| 2 adults 2 children | $2,325 | $1,372 | $1,676 | $2,114 | $2,210 |
| 1 adult 2 children | $2,325 | $1,025 | $1,123 | $2,114 | $2,199 |
| 2 adults 1 child | $2,325 | $1,084 | $1,391 | $1,089 | $1,756 |
| 1 adult 1 child | $2,325 | $700 | $838 | $1,089 | $1,688 |
| 2 adults | $2,058 | $871 | $1,107 | $0 | $1,289 |
| 1 adult | $1,778 | $475 | $553 | $0 | $1,143 |
Safety trends & Data
Dukes County, Massachusetts, has experienced variable trends in property crimes over the past five years, with notable fluctuations in arson, burglary, and larceny-theft incidents. Particularly, burglary cases saw a peak at 21 incidents in 2022 after a significant drop to six in 2021, and larceny-theft cases bounced back to 33 in 2022 after dipping to 15 in 2021. Fraud incidents also saw a notable increase in 2022 compared to previous years. These shifts in criminal activity influence real... Read more
Property Crime Trends in Dukes County, MA Over the Last 5 Years
Dukes County, Massachusetts, has seen fluctuating trends in property crimes over the past five years. Arson incidents have remained minimal but showed a slight increase from one case in 2020 and 2021 to two cases in 2022. Burglary cases peaked in 2022 at 21 incidents after a drop to 6 in 2021. Larceny-theft cases have varied, starting at 33 in 2018, dipping to 15 in 2021, then bouncing back to 33 in 2022. Motor vehicle thefts have remained consistently low, ranging from two to five cases annually. Fraud incidents notably increased in 2022 to seven, up from two in 2018. Vandalism incidents, while peaking at 37 in 2018, have generally declined, settling at 12 in 2022. These trends potentially indicate shifting patterns in criminal activity and demand attention for those investing, moving, or involved in real estate within the county.
Demographics
Dukes County, Massachusetts, presents a balanced gender distribution among adults, with a slight surplus of females. Educational attainment varies, with the majority possessing high school diplomas or higher. The age distribution reveals a significant representation of individuals over 55, suggesting a mature population. Racial demographics indicate a predominantly White community, with modest diversity across other races. These insights can inform local policy and business strategies, catering... Read more
Race Distribution in Dukes County, Massachusetts (2022)
Educational Attainment in Dukes County, Massachusetts (2022)
Age Distribution in Dukes County, Massachusetts
Citizen Population in Dukes County, Massachusetts (2022)
Political Trends & Data
Dukes County in Massachusetts showed a significant lean towards the Democratic Party, with around 77% of votes in the 2020 U.S. Presidential Election. Republican support was considerably lower at about 20%, while Libertarian, Green, and other parties received minimal votes. This suggests that the county could have a solidly liberal voter base, potentially shaping local political and policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Dukes County in Massachusetts demonstrated a strong lean towards the Democratic Party in the 2020 U.S. Presidential Election, capturing around 77% of the vote. Republican support was significantly lower, with just about 20%. The Libertarian, Green, and other parties collectively garnered a minimal share of the vote, suggesting voters in this county may be less inclined towards third-party candidates. This trend could indicate a solidly liberal voter base in Dukes County, possibly influencing the political landscape and policy preferences locally.
20.44% of voters voted for the Republican party in the 2020 Presidential Election
77.01% of voters voted for the Democrat party in the 2020 Presidential Election
1.07% of voters voted for the Livertarian party in the 2020 Presidential Election
0.64% of voters voted for the Green party in the 2020 Presidential Election
0.84% of voters voted for the Other party in the 2020 Presidential Election
School Data
Dukes County, Massachusetts, boasts a significantly lower student-to-teacher ratio compared to the national average, often ranging between 8 and 9 students per teacher. This trend can be a strong selling point for real estate agents targeting families who value smaller class sizes and the potential for better educational outcomes. Appraisers might see these strong education metrics as a factor that could positively influence property values, while insurance agents could consider them when... Read more
Student-to-teacher ratio in Dukes County, Massachusetts over the last 10 years
Dukes County, Massachusetts, has consistently maintained a student-to-teacher ratio well below the national average of 14 students per teacher over the past decade, fluctuating between roughly 8 and 9 students per teacher. This smaller class size could be an appealing factor for potential homebuyers and investors looking for areas with potentially higher quality of education, as more individualized attention can often lead to better student outcomes. For real estate agents, highlighting such educational metrics may make properties more attractive to families prioritizing education. Appraisers might consider the positive impact of these education trends on property values, while insurance agents could also weigh these factors when assessing risk and setting premiums.
