Hampden County Real Estate and Livability Trends
Hampden County, Massachusetts has seen a significant rise in property taxes and average taxable incomes, which often suggests a robust economic environment appealing to both investors and homebuyers. Median home values grew from $196,400 in 2015 to $258,100 in 2022, outpacing national averages and pointing to a strong real estate market. However, the rising cost of state and local taxes, nearly... Read more
Hampden County Market Trends
Hampden County has seen a steady median home value rise from $196,400 in 2015 to $258,100 in 2022, contrasting with Massachusetts' overall pricier market. Despite remaining lower than state averages, these values surpass national figures, indicating a solid investment area. Residential energy tax credits in the county have been highly variable, peaking impressively at $3,171.26 in 2018, hinting... Read more
Median Value of Occupied Housing Units in Hampden County, Massachusetts Over the Last 8 Years
Over the past eight years, Hampden County has shown a steady increase in median home values from $196,400 in 2015 to $258,100 in 2022. This contrasts with state-wide figures in Massachusetts, which have significantly higher values, reaching $483,900 in 2022. On the national scale, Hampden County's median values remain higher than the U.S. average, which was $179,400 in 2022. These trends suggest that while Hampden County may offer more affordable housing compared to other parts of Massachusetts, it still presents a considerable investment opportunity due to its growth trajectory when compared to the national average.
Residential Energy Tax Credit Per Tax Return in Hampden County, MA Over the Last 9 Years
In Hampden County, Massachusetts, the average residential energy tax credit per tax return has shown marked variability over the last nine years. Starting at approximately $299.69 in 2013, there was a steady increase, peaking dramatically at $3,171.26 in 2018. This spike may indicate increased incentives or higher adoption rates of energy-efficient home improvements. Following 2018, the amount dipped but remained relatively high, hovering around $1,008.67 in 2019 and $825.88 in 2020, before increasing again to $1,091.07 in 2021. This trend highlights the potential for considerable tax benefits tied to energy efficiency investments, an appealing factor for prospective homeowners, investors, and real estate agents.
Average Real Estate Taxes Per Tax Return in Hampden County, MA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Hampden County, Massachusetts have shown a general upward trend, increasing from approximately $4,221.50 in 2012 to about $6,137.00 in 2021. This steady rise, particularly noticeable after 2017, could indicate growing property values or municipal funding needs. For investors and homebuyers, this pattern might suggest higher carrying costs for property ownership. Real estate agents could potentially use this trend to forecast future market conditions, while insurance agents might see this as a factor in assessing risk and coverage requirements. Builders and appraisers should consider these escalating taxes when evaluating the viability and pricing of new projects.
Percentage of Farm Returns in Hampden County, MA Over the Last 10 Years
Farm tax returns in Hampden County, Massachusetts have shown a general decline over the last decade, with a percentage of farm returns slipping from 0.19% in 2012 to approximately 0.16% in 2021. While there was a slight peak in 2020, the overall trend suggests a consistent, albeit small, decrease. For potential investors or those considering building property in Hampden County, this trend might indicate shifting economic priorities or challenges within the agricultural sector. This could potentially influence decisions on investing in farm-related enterprises or assessing the economic landscape for long-term agricultural investments.
Number of Mortgages by Occupancy Type in Hampden County, MA Over the Last 5 Years in Hampden County
In Hampden County, Massachusetts, mortgage counts for investment properties, principal residences, and second residences have shown notable shifts over the past five years. Principal residences account for the majority, peaking at 26,283 in 2021 before dropping significantly by 2022. Investment property mortgages also fluctuated, with a peak in 2021 and a noticeable decline in 2022. Second residences have remained relatively stable but consistently low compared to other categories. Such changes in occupancy types can influence investment decisions, as they reflect buying trends and potential shifts in residential demand. For example, the decline in investment property mortgages could signal a softening rental market, while the high number of principal residence loans may indicate strong local homeownership rates. These insights are valuable for investors, appraisers, real estate agents, and insurers who need to anticipate market dynamics.
Economic Outlook
Hampden County, Massachusetts has experienced a noticeable increase in average taxable income per tax return, rising from $53,188.04 in 2013 to $70,128.52 in 2021. This upward trend implies a healthy economic environment, likely boosting property values and market stability, which could be appealing to investors and homebuyers alike. The average state and local income taxes per tax return have nearly doubled over the decade, from $5,429.64 in 2012 to $10,649.60 in 2021, potentially impacting... Read more
Average Taxable Income per Tax Return in Hampden County, MA over the last 9 years
Hampden County, Massachusetts has seen a noticeable trend in rising average taxable income per tax return over the past nine years, with figures growing from $53,188.04 in 2013 to $70,128.52 in 2021. This upward trajectory suggests a robust economic environment that might attract investors and homebuyers, reflecting potential increases in property values and market stability. Appraisers and real estate agents may find this data useful in evaluating property worth, while insurance agents should be aware of these income increases to tailor policies accordingly. The continuous growth in taxable income is a key indicator for those keeping an eye on economic health and opportunities in Hampden County.
Average State and Local Income Taxes Per Tax Return in Hampden County, MA Over the Last 10 Years
Average state and local income taxes per tax return in Hampden County, Massachusetts have shown a progressively upward trend over the last decade. Starting at $5,429.64 in 2012, the figure has increased substantially to $10,649.60 by 2021. This suggests that the tax burden on residents has nearly doubled, which could potentially impact disposable income and cost of living considerations for those planning to move to or invest in the area.
Average Total Tax Liability Per Tax Return in Hampden County, MA Over the Last 10 Years
Over the last decade, Hampden County, Massachusetts has seen a notable rise in the average total tax liability per tax return. Starting at $8,379.62 in 2012, the liability grew consistently with slight dips in 2018 and 2016 but culminated in a significant jump to $10,811.20 in 2021. This trend could be a consideration for potential homeowners, real estate investors, or those appraising property, as increasing tax liabilities may affect overall affordability and investment returns.
Cost of Living in Hampden County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,448 | $1,625 | $1,765 | $2,299 | $1,755 |
| 1 adult 4 children | $1,448 | $1,327 | $1,336 | $2,299 | $1,855 |
| 2 adults 3 children | $1,448 | $1,327 | $1,538 | $2,299 | $1,496 |
| 1 adult 3 children | $1,448 | $1,084 | $1,109 | $2,299 | $1,616 |
| 2 adults 2 children | $1,183 | $1,086 | $1,311 | $2,007 | $1,218 |
| 1 adult 2 children | $1,183 | $812 | $882 | $2,007 | $1,228 |
| 2 adults 1 child | $1,183 | $859 | $1,084 | $1,059 | $1,002 |
| 1 adult 1 child | $1,183 | $555 | $655 | $1,059 | $864 |
| 2 adults | $955 | $690 | $857 | $0 | $734 |
| 1 adult | $791 | $376 | $428 | $0 | $573 |
Safety trends & Data
In Hampden County, Massachusetts, property crime rates have fluctuated over the past five years, with burglary and larceny-theft notably decreasing in 2020 and 2021. Although motor vehicle thefts and arson saw a slight uptick in 2022, the overall trend might suggest improving conditions for property security. This dynamic is important for investors, homeowners, and insurance agents, while also highlighting the necessity for real estate agents and builders to adapt strategies to address these... Read more
Property Crime Trends in Hampden County, MA Over the Last 5 Years
In Hampden County, Massachusetts, property crimes have shown some fluctuation over the past five years, with notable decreases in significant categories like burglary and larceny-theft, particularly in 2020 and 2021. Despite a slight rise in some areas, such as motor vehicle thefts and arson in 2022, overall trends could indicate improving conditions for property security, appealing to potential investors, homeowners, and insurance agents. The shifts also reflect the need for evolving strategies among real estate agents and builders to address localized criminal activity effectively.
Demographics
Hampden County, Massachusetts exhibits a diverse demographic profile with a slightly higher number of females compared to males. The area shows varied educational attainment, featuring a significant portion of residents with high school diplomas and some college education but also notable groups at both ends of the education spectrum. Age distribution reveals a balanced spread across various age groups, with a considerable chunk of the population in the 25 to 34-year range, potentially driving... Read more
Race Distribution in Hampden County, Massachusetts (2022)
Educational Attainment in Hampden County, Massachusetts (2022)
Age Distribution in Hampden County, Massachusetts
Citizen Population in Hampden County, Massachusetts (2022)
Political Trends & Data
Hampden County, Massachusetts, saw nearly 57% of its 2020 U.S. Presidential Election votes potentially favoring the Democratic Party, suggesting a solid Democratic presence. Republicans garnered about 40%, indicating a notable minority faction. Third-party candidates like Libertarians and the Green Party made up a small yet noticeable portion of the vote, reflecting some level of dissatisfaction with the major parties. The 1.5% for other parties showcases a diversity of political opinions... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hampden County, Massachusetts, the 2020 U.S. Presidential Election showed a strong leaning towards the Democratic Party, with nearly 57% of the vote potentially indicating a solid Democratic presence in the area. Republicans garnered about 40%, suggesting a significant but clearly minority faction. Third-party candidates like Libertarians and the Green Party accounted for a small but noticeable portion of the vote, indicating some level of dissatisfaction with the major parties. The presence of nearly 1.5% for other parties perhaps reflects a diversity of political opinions within the county. These trends could be important for strategizing future campaigns and understanding voter priorities.
39.55% of voters voted for the Republican party in the 2020 Presidential Election
57.04% of voters voted for the Democrat party in the 2020 Presidential Election
1.35% of voters voted for the Livertarian party in the 2020 Presidential Election
0.53% of voters voted for the Green party in the 2020 Presidential Election
1.54% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Hampden County, Massachusetts has notably fluctuated over the past decade, hitting highs of 57 and 63 students per teacher in 2014 and 2018, respectively. Recently, the ratio has normalized to around 13 students per teacher in 2023, aligning closely with the national average. These changes may weigh on decisions about investing in education infrastructure, real estate development, or relocating to the area, as lower student-to-teacher ratios often correlate with... Read more
Student-to-teacher ratio in Hampden County, Massachusetts over the last 10 years
The student-to-teacher ratio in Hampden County, Massachusetts has experienced significant fluctuations over the last decade, with prominent peaks in 2014 (57 students per teacher) and 2018 (63 students per teacher). Recently, it has stabilized much closer to the national average of 14 students per teacher, with the most recent data in 2023 showing approximately 13 students per teacher. These variations could impact decisions for those looking to invest in education infrastructure, build property, or move to the area, as a lower student-to-teacher ratio often correlates with perceived higher quality education and can influence real estate values and local satisfaction.
