Middlesex County Real Estate and Livability Trends
Middlesex County, Massachusetts, showcases intriguing trends for real estate investors. Average taxable incomes surged from $135,390.92 in 2020 to $170,092.35 in 2021, indicating economic growth or an influx of high-income earners, possibly driving up living costs and investment appeal. Median home values climbed from $414,600 in 2015 to $654,300 in 2022, surpassing state and national trends and... Read more
Middlesex County Market Trends
Middlesex County, Massachusetts, has seen its median home values climb from $414,600 in 2015 to $654,300 in 2022, outpacing both state and national trends. The rise in residential energy tax credits, peaking at $5,593.71 in 2018, underscores a growing interest in energy-efficient home improvements. Real estate taxes have also steadily increased, with the average reaching $10,507.01 in 2021,... Read more
Median Value of Occupied Housing Units in Middlesex County, Massachusetts Over the Last 8 Years
Middlesex County, Massachusetts has seen a remarkable rise in median home values over the past 8 years, peaking at $654,300 in 2022 from $414,600 in 2015. This growth outpaces both the state of Massachusetts, which saw an increase from $333,100 to $483,900, and the national trend, where median values rose from $125,500 to $179,400. For investors or homebuyers, Middlesex offers substantial appreciation potential. This pattern may indicate an area with strong demand or limited supply, suggesting favorable conditions for property investment.
Residential Energy Tax Credit Per Tax Return in Middlesex County, MA Over the Last 9 Years
Over the last nine years, Middlesex County, Massachusetts has seen a significant upward trend in residential energy tax credits per tax return, peaking in 2018 at $5,593.71. Notably, from 2013 to 2017, the average credit more than doubled each year, highlighting investment interest in energy-efficient home improvements. This trend can potentially influence real estate values, insurance rates, and appeal to investors keen on sustainable properties. Homeowners and developers may view this as an incentivized push towards green energy solutions, contributing to overall property value resilience and market desirability.
Average Real Estate Taxes Per Tax Return in Middlesex County, MA Over the Last 10 Years
Middlesex County, Massachusetts has experienced a continuous increase in average real estate taxes per tax return over the past decade, starting from about $6,613.79 in 2012 and reaching $10,507.01 in 2021. This upward trend suggests a steadily rising property value, making it an indicator for investors considering property in the area. Appraisers and insurance agents may find these increases relevant for adjusting property valuations and insurance premiums. Real estate agents should note this trend when advising clients on potential costs associated with buying or owning property in Middlesex County.
Percentage of Farm Returns in Middlesex County, MA Over the Last 10 Years
Over the last decade, Middlesex County, Massachusetts, has seen a slight decline in the percentage of farm tax returns. Starting from approximately 0.07% in 2012, the percentage dipped to about 0.06% in 2021. Farm tax returns, signifying income derived from agricultural activities, offer insights into the local agricultural economy's health. This trend can indicate a changing economic landscape potentially influenced by urban development, shifts in local farming viability, or broader economic conditions. Such data is crucial for investors or developers considering agricultural or mixed-use projects, those looking to move to rural segments of the county, or for individuals with a vested interest in the county's economic health.
Number of Mortgages by Occupancy Type in Middlesex County, MA Over the Last 5 Years in Middlesex County
In Middlesex County, Massachusetts, the number of mortgages for principal residences has shown considerable fluctuation over the past five years, peaking at 127,520 in 2020 before dropping to 58,579 in 2022. Investment properties saw a gradual increase up to 2021, hitting 8,907, then experienced a decline the following year. Second residences consistently recorded the lowest numbers, remaining below 900 annually. Shifts in occupancy types can impact market dynamics; for instance, a high number of investment property mortgages might indicate a robust rental market, while more mortgages for principal residences suggest a strong demand for owner-occupied housing. This information is crucial for investors evaluating rental potentials, real estate agents advising buyers, and insurance agents assessing risk levels.
Economic Outlook
The average taxable income per tax return in Middlesex County, Massachusetts, saw a substantial increase from $135,390.92 in 2020 to $170,092.35 in 2021, indicating potential economic growth or an influx of high-income earners. This surge could make the area more appealing for real estate investments, though it might also imply rising living costs. Additionally, average state and local income taxes per tax return have increased significantly from $10,475.86 in 2012 to $27,049.61 in 2021, which... Read more
Average Taxable Income per Tax Return in Middlesex County, MA over the last 9 years
The average taxable income per tax return in Middlesex County, Massachusetts has shown a consistent upward trend over the last nine years, with a notable jump in 2021 to $170,092.35 from $135,390.92 in 2020. This increase could indicate strong economic growth or a rise in high-income earners, making the area potentially more attractive for real estate investments and developments. However, it might also suggest escalating living costs that could impact affordability for some residents. Such income data is crucial for understanding market dynamics, assessing property values, and preparing risk assessments for insurance.
Average State and Local Income Taxes Per Tax Return in Middlesex County, MA Over the Last 10 Years
Middlesex County, Massachusetts has seen a notable increase in average state and local income taxes per tax return over the last decade, with figures rising from $10,475.86 in 2012 to $27,049.61 in 2021. Particularly sharp rises are observed starting from 2018, suggesting changes in tax policies or economic conditions. This trend could be a signal for potential investors and new residents to prepare for higher tax liabilities, while existing residents may want to explore financial strategies to manage the escalating costs.
Average Total Tax Liability Per Tax Return in Middlesex County, MA Over the Last 10 Years
Average total tax liability per tax return in Middlesex County, Massachusetts has shown a consistent upward trend over the past decade. Starting at around $20,855.65 in 2012, it has nearly doubled, reaching approximately $38,934.79 in 2021. This significant increase may reflect rising incomes, property values, or changes in tax policy, which could be crucial for potential investors, property developers, real estate agents, and prospective residents to consider when evaluating the financial landscape of the area.
Cost of Living in Middlesex County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $3,236 | $1,798 | $1,673 | $3,199 | $3,068 |
| 1 adult 4 children | $3,236 | $1,468 | $1,267 | $3,199 | $3,078 |
| 2 adults 3 children | $3,236 | $1,469 | $1,458 | $3,199 | $2,818 |
| 1 adult 3 children | $3,236 | $1,199 | $1,052 | $3,199 | $2,828 |
| 2 adults 2 children | $2,659 | $1,202 | $1,243 | $2,844 | $2,321 |
| 1 adult 2 children | $2,659 | $898 | $837 | $2,844 | $2,392 |
| 2 adults 1 child | $2,659 | $950 | $1,028 | $1,691 | $1,889 |
| 1 adult 1 child | $2,659 | $614 | $621 | $1,691 | $1,913 |
| 2 adults | $2,188 | $763 | $812 | $0 | $1,196 |
| 1 adult | $2,009 | $416 | $406 | $0 | $1,123 |
Safety trends & Data
Property crime trends in Middlesex County, Massachusetts could impact real estate considerations. Larceny-theft peaked at 1,670 incidents in 2019, dropped to 946 in 2021, then climbed to 1,145 in 2022. Vandalism hit a high of 376 incidents in 2019, while burglary dropped to a low of 221 in 2021, increasing to 245 in 2022. Embezzlement and forgery have stayed low, suggesting specific security dynamics in the... Read more
Property Crime Trends in Middlesex County, MA Over the Last 5 Years
Middlesex County, Massachusetts has seen variable trends in property crimes over the last five years. Larceny-theft consistently holds the highest numbers, notably peaking at 1,670 incidents in 2019 and dipping to 946 in 2021, before rising again to 1,145 in 2022. Vandalism and burglary also exhibited fluctuations with vandalism reaching its peak of 376 incidents in 2019, while burglary saw a significant decline, bottoming out at 221 in 2021, but then slightly increasing to 245 in 2022. Embezzlement and forgery numbers have remained relatively low. These trends provide pivotal insights for real estate agents, investors, appraisers, and insurance agents in gauging the security and potential risks associated with properties in the county.
Demographics
Middlesex County, Massachusetts has a nearly balanced gender distribution with a slight female majority. Educational attainment shows a highly educated populace, with a significant portion holding bachelor's degrees or higher. Age distribution indicates a fairly young demographic, with a substantial population between 25 to 34 years. Racially, the county is predominantly White, but there is notable Asian representation. These demographic trends suggest a diverse and well-educated community that... Read more
Race Distribution in Middlesex County, Massachusetts (2022)
Educational Attainment in Middlesex County, Massachusetts (2022)
Age Distribution in Middlesex County, Massachusetts
Citizen Population in Middlesex County, Massachusetts (2022)
Political Trends & Data
In Middlesex County, Massachusetts, the 2020 U.S. Presidential Election showed a significant Democratic preference, with over 70% of votes presumably going to the Democratic candidate while the Republican candidate secured around 26%. Minor parties barely made a mark, capturing just over 1% or less. This liberal tilt might influence local policies and community priorities, potentially shaping the county's development and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Middlesex County, Massachusetts, the 2020 U.S. Presidential Election results hint at a strong Democratic preference with just over 70% of the votes presumably going to the Democratic candidate. The Republican candidate may have secured around 26% of the vote, indicating a notable but significantly smaller support base. Minor parties like Libertarians and Greens barely registered, each capturing likely just over 1% and half a percent, respectively. The dominance of Democratic support could suggest a liberal leaning in this region, potentially influencing local policy and community priorities.
26.11% of voters voted for the Republican party in the 2020 Presidential Election
71.00% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Livertarian party in the 2020 Presidential Election
0.52% of voters voted for the Green party in the 2020 Presidential Election
1.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
Middlesex County, Massachusetts, has experienced a gradual decline in its student-to-teacher ratio over the last decade, decreasing from about 14 students per teacher in 2014 to around 12 in 2023. Given that the current national average is 14 students per teacher, this shift may signify more individualized attention and better educational outcomes, making the area especially attractive to families prioritizing education. For real estate professionals, this trend can potentially increase housing... Read more
Student-to-teacher ratio in Middlesex County, Massachusetts over the last 10 years
Over the last decade, Middlesex County in Massachusetts has seen a gradual decline in its student-to-teacher ratio, dropping from approximately 14 students per teacher in 2014 to around 12 in 2023. This consistent reduction is noteworthy given that the current national average is 14 students per teacher. A lower student-to-teacher ratio can suggest more individual attention and potentially better educational outcomes, making Middlesex County an appealing location for families prioritizing education. For real estate agents and investors, this trend may drive demand for housing, while appraisers and insurance agents may see impacts on property values and community desirability. Prospective homebuilders and those planning to move might find this educational factor advantageous.
