Hampshire County Real Estate and Livability Trends
Hampshire County, Massachusetts is seeing average incomes rise from $63,662.45 in 2013 to $90,463.34 in 2021, which might hint at growing economic health and opportunities for housing market appreciation. Median home values climbed from $265,400 in 2015 to $344,200 in 2022, positioning the county as a more affordable option compared to the state. Education improvements with a student-to-teacher... Read more
Hampshire County Market Trends
Hampshire County, Massachusetts has seen its median home values rise from $265,400 in 2015 to $344,200 in 2022, which, while impressive, lags behind the statewide growth from $333,100 to $483,900. This positions the county as a more affordable option within Massachusetts. Residential energy tax credits have also surged, peaking around $5078.87 in 2018 before stabilizing near $2000, reflecting a... Read more
Median Value of Occupied Housing Units in Hampshire County, Massachusetts Over the Last 8 Years
Hampshire County, Massachusetts has seen a significant upward trend in median home values, jumping from $265,400 in 2015 to $344,200 in 2022. While this growth is notable, it's striking to compare it to both the state and national levels. Massachusetts statewide values have risen from $333,100 to $483,900 over the same period, considerably outpacing Hampshire County. Nationally, the increase is from $125,500 to $179,400. This suggests that while Hampshire County is experiencing robust growth, it remains a relatively more accessible option within the state. Such trends could be important for potential investors or those looking to move, as the county may offer more value for money compared to other areas in Massachusetts.
Residential Energy Tax Credit Per Tax Return in Hampshire County, MA Over the Last 9 Years
Over the past nine years in Hampshire County, Massachusetts, there's been a significant uptick in the average residential energy tax credit per tax return. Starting at around $767.40 in 2013, the credit peaked dramatically at approximately $5078.87 in 2018, possibly reflecting increased investments in energy-efficient home improvements or incentives within that period. Post-2018, the values dipped but remained relatively high, hovering around $2000 in the following years. This trend could indicate a growing awareness and adaptation of energy efficiency solutions among homeowners, which might influence investment and property values in the area. Real estate professionals, appraisers, and potential movers should stay informed on these shifts as they could have implications for property assessments and market dynamics.
Average Real Estate Taxes Per Tax Return in Hampshire County, MA Over the Last 10 Years
Hampshire County, Massachusetts has experienced a steady increase in average real estate taxes per tax return over the past decade, from approximately $4,654.63 in 2012 to around $7,241.70 in 2021. This trend suggests property values could be rising, which might indicate a strong real estate market but also likely means higher costs for homeowners and investors. For appraisers and real estate agents, understanding this growth can help in evaluating property values. Insurance agents might need to consider these increases in assessments when advising clients.
Percentage of Farm Returns in Hampshire County, MA Over the Last 10 Years
Hampshire County, Massachusetts has seen relatively stable farm tax returns over the past decade, fluctuating narrowly around 0.63% to 0.70%. These numbers hint at a fairly consistent agricultural activity, which might be appealing for potential investors and property developers interested in a steady, albeit small, agri-economy. Farm tax returns refer to the proportion of filed tax returns that are for revenue generated from farming activities, reflecting how integral agriculture is to the local economy. For those considering moving here, the steadiness in farm returns may suggest a stable rural community with persistent farming operations.
Number of Mortgages by Occupancy Type in Hampshire County, MA Over the Last 5 Years in Hampshire County
In Hampshire County, Massachusetts, the majority of mortgages over the past five years have been for principal residences, followed by a much smaller number for investment properties and second residences. The noticeable downturn in mortgages for principal residences from 2021 to 2022 could signal shifts in residential preferences or economic conditions. Meanwhile, the relatively stable, albeit minor, fluctuations in investment property and second residence mortgages point to consistent, albeit niche, demand. For investors and developers, this suggests a steady, albeit small, market for rental properties; and for real estate agents and appraisers, understanding these trends could refine pricing strategies and forecast future demands. Moreover, insurance agents might see varied risk profiles based on the occupancy type, influencing premium calculations.
Economic Outlook
Hampshire County, Massachusetts has seen average taxable incomes rise from $63,662.45 in 2013 to $90,463.34 in 2021, suggesting economic growth potentially linked to higher-paying jobs. This might signal a strong housing market with opportunities for property value appreciation. Additionally, average state and local income taxes nearly doubled over the last decade, possibly reflecting legislative changes or increasing economic prosperity. Meanwhile, the average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Hampshire County, MA over the last 9 years
Hampshire County, Massachusetts has witnessed a steady increase in average taxable income per tax return over the past nine years, growing from approximately $63,662.45 in 2013 to about $90,463.34 in 2021. This trend might signify economic growth and possibly an increase in higher-paying jobs in the area. For prospective homebuyers, investors, and real estate agents, this could indicate a robust housing market with potential for property value appreciation. Appraisers and insurance agents may also view this income growth as a factor in adjusting valuations and policy structures.
Average State and Local Income Taxes Per Tax Return in Hampshire County, MA Over the Last 10 Years
Over the past decade, Hampshire County, Massachusetts has seen an upward trend in average state and local income taxes per tax return, rising from $5,772.88 in 2012 to $12,714.76 in 2021. Significant jumps occurred between 2017 and 2018, and again from 2020 to 2021, indicating potential economic or legislative shifts impacting taxpayers. This could hint at increasing economic prosperity or possibly higher tax rates, important factors for anyone looking to invest in, move to, or build property in the area.
Average Total Tax Liability Per Tax Return in Hampshire County, MA Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Hampshire County, Massachusetts, has shown a consistent upward trend. Starting at around $9,764.29 in 2012, the figures have climbed steadily, peaking at $14,878.45 by 2021. This increase may be of interest to real estate investors, potential homeowners, and insurance agents, as it suggests rising incomes or increased property values in the area. However, this could also imply higher living costs, which might affect affordability and investment calculations.
Cost of Living in Hampshire County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,711 | $1,834 | $1,765 | $2,299 | $2,067 |
| 1 adult 4 children | $1,711 | $1,498 | $1,336 | $2,299 | $2,161 |
| 2 adults 3 children | $1,711 | $1,498 | $1,538 | $2,299 | $1,786 |
| 1 adult 3 children | $1,711 | $1,223 | $1,109 | $2,299 | $1,895 |
| 2 adults 2 children | $1,398 | $1,226 | $1,311 | $2,007 | $1,443 |
| 1 adult 2 children | $1,398 | $916 | $882 | $2,007 | $1,458 |
| 2 adults 1 child | $1,398 | $969 | $1,084 | $1,059 | $1,149 |
| 1 adult 1 child | $1,398 | $626 | $655 | $1,059 | $1,050 |
| 2 adults | $1,128 | $779 | $857 | $0 | $855 |
| 1 adult | $935 | $425 | $428 | $0 | $664 |
Safety trends & Data
Hampshire County, Massachusetts has witnessed a decrease in larceny-theft incidents from 227.00 in 2018 to 164.00 in 2022, though burglary and motor vehicle theft have shown fluctuations. Vandalism incidents have stayed fairly stable, averaging 51-58 annually. These crime trends could potentially impact property values and insurance costs, making them crucial considerations for both investors and... Read more
Property Crime Trends in Hampshire County, MA Over the Last 5 Years
Hampshire County, Massachusetts has experienced varying trends in property crimes over the past five years. While incidents of larceny-theft have seen a downward swing from 227.0 in 2018 to 164.0 in 2022, there have been fluctuations in other categories like burglary and motor vehicle theft. Vandalism incidents have remained relatively stable, averaging around 51-58 annually. Potential investors and residents should take note of these trends as they can influence property values and insurance rates in the area.
Demographics
In Hampshire County, Massachusetts, the adult population skews slightly female. There appears to be a notable emphasis on higher education, with roughly equal percentages achieving bachelor's degrees and higher degrees. The age distribution indicates a youthful demographic, particularly in the 20-24 age group, likely influenced by the presence of colleges and universities. Racial diversity is relatively low, with the majority of the population identifying as White, though there is a presence of... Read more
Race Distribution in Hampshire County, Massachusetts (2022)
Educational Attainment in Hampshire County, Massachusetts (2022)
Age Distribution in Hampshire County, Massachusetts
Citizen Population in Hampshire County, Massachusetts (2022)
Political Trends & Data
Hampshire County, Massachusetts, may be characterized by its strong Democratic leaning, with about 71.7% of the vote in the last U.S. Presidential election going to the Democratic candidate, compared to around 25.2% for the Republican candidate. Minor parties like Libertarian and Green received less than 2% support each. This suggests a predominantly liberal voter base, which might influence community values and priorities, potentially impacting local real estate dynamics favoring eco-friendly... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hampshire County, Massachusetts exhibits a strong Democratic leaning, with approximately 71.7% of the vote, significantly overshadowing the Republican share of around 25.2%. The remaining minor parties, including Libertarian and Green, collectively draw minor support, hovering below 2% each. This trend seems to highlight a predominantly liberal voter base in the county.
25.22% of voters voted for the Republican party in the 2020 Presidential Election
71.73% of voters voted for the Democrat party in the 2020 Presidential Election
1.23% of voters voted for the Livertarian party in the 2020 Presidential Election
0.87% of voters voted for the Green party in the 2020 Presidential Election
0.95% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hampshire County, Massachusetts has seen its student-to-teacher ratio drop from 13 in 2014 to just 10 in 2023, suggesting a strong commitment to education with smaller class sizes. This trend is attractive to families prioritizing education and could be leveraged by real estate agents to appeal to young families, potentially influencing higher property values. It also signals to insurance agents and developers that the community might be investing more in educational infrastructure compared to... Read more
Student-to-teacher ratio in Hampshire County, Massachusetts over the last 10 years
Hampshire County, Massachusetts has observed a steady decline in its student-to-teacher ratio over the past decade, moving from 13 students per teacher in 2014 to just 10 in 2023. This trend is significant for several reasons: lower ratios often imply smaller class sizes, making the area attractive for families prioritizing individualized attention in education. Real estate agents could leverage this information to appeal to young families, while appraisers might see this as a factor positively influencing property values. Insurance agents and those looking to build in the area should also consider this trend, as it indicates a community possibly investing more in its educational infrastructure compared to the national average of 14 students per teacher.
