Baltimore County Real Estate and Livability Trends
Baltimore County, Maryland, has seen a surge in average taxable income, climbing from $84,867.22 in 2019 to $96,879.69 in 2021, signaling a more robust local economy. With state and local taxes also up, from $8,797.11 in 2012 to $15,775.16 in 2021, and an increase in average total tax liability, financial health here appears stronger, possibly affecting property values. Median home values have... Read more
Baltimore County Market Trends
Baltimore County's housing market has seen a consistent rise in median home values from $246,600 in 2015 to $310,800 in 2022, remaining more affordable than Maryland's overall median but still presenting higher values compared to the national average. The notable increase in energy tax credits, peaking at $2710.33 in 2018, underscores a growing trend in energy-efficient home improvements, hinting... Read more
Median Value of Occupied Housing Units in Baltimore County, Maryland Over the Last 8 Years
Over the past eight years, Baltimore County's housing market has seen a consistent upward trend, with median home values rising from $246,600 in 2015 to $310,800 in 2022. Despite this growth, Baltimore County's median home values have remained below Maryland’s overall median values, which surged from $286,900 in 2015 to $380,500 in 2022. However, Baltimore County has consistently outperformed the national median, where values increased from $125,500 to $179,400 during the same period. This suggests that while Baltimore County may offer more affordable options within Maryland, it still presents a higher value proposition compared to the broader U.S. market, which is a key consideration for investors and those looking to relocate.
Residential Energy Tax Credit Per Tax Return in Baltimore County, MD Over the Last 9 Years
The average residential energy tax credit per tax return in Baltimore County, Maryland has shown a general upward trend over the past nine years, with a noticeable spike in 2018 reaching $2710.33. This suggests increasing investments in energy-efficient upgrades by residents. The significant fluctuation in 2018 could indicate a surge in policy incentives or a peak in household energy improvements. For real estate and property development, this trend highlights a growing market for energy-efficient homes, potentially attracting environmentally conscious buyers and investors. Appraisers and insurance agents might also consider these improvements in property valuations and risk assessments.
Average Real Estate Taxes Per Tax Return in Baltimore County, MD Over the Last 10 Years
Over the past decade, the average real estate taxes per tax return in Baltimore County, Maryland have seen a steady climb from approximately $3,752.54 in 2012 to around $5,298.49 in 2021. This upward trend in property taxes could indicate a growing investment in local infrastructure and public services, which may appeal to potential property developers and real estate investors. However, for homeowners, these rising costs could influence decisions on buying or selling properties within the county. Those engaged in appraisals and insurance also need to consider these tax changes as they impact property values and premiums.
Percentage of Farm Returns in Baltimore County, MD Over the Last 10 Years
Baltimore County, Maryland has seen a slight but consistent downward trend in the percentage of farm tax returns over the last decade, falling from approximately 0.16% in 2012 to just under 0.12% in 2021. Farm tax returns generally indicate the financial health and activity level of agricultural operations in a region, revealing insights about land use and the prevalence of farming. For potential investors, this trend suggests a gradual decline in agricultural operations, indicating a possible shift in land use that could impact property values and types of investments worth considering. Those looking to move to or build property in the area might find this data useful for understanding the evolving economic landscape.
Number of Mortgages by Occupancy Type in Baltimore County, MD Over the Last 5 Years in Baltimore County
The recent trends in Baltimore County, Maryland's mortgage data show a clear predominance of principal residence mortgages over the last five years, with totals ranging from around 35,400 to over 65,000 annually. Investment property mortgages have also increased, peaking at 3,756 in 2021, while second residence counts remained relatively static but low. This shift suggests a growing interest in primary homeownership, with a noticeable, albeit more volatile, inclination towards investment properties. For investors, movers, and real estate professionals, these trends highlight a robust primary housing market and a potentially lucrative investment climate. Appraisers and insurance agents might find the rise in investment properties significant, as it could imply shifts in property values and risk assessments.
Economic Outlook
Baltimore County, Maryland, has experienced a significant rise in average taxable income over the past nine years, jumping from $84,867.22 in 2019 to $96,879.69 in 2021. This upward trend hints at a stronger local economy, offering promising conditions for investors and real estate professionals. Concurrently, state and local income taxes have increased from $8,797.11 in 2012 to $15,775.16 in 2021, possibly indicating rising incomes or policy shifts. The county's average total tax liability has... Read more
Average Taxable Income per Tax Return in Baltimore County, MD over the last 9 years
Baltimore County, Maryland has seen a steady rise in the average taxable income per tax return over the past nine years, with a notable jump from $84,867.22 in 2019 to $96,879.69 in 2021. This increasing income trend signals a potentially stronger local economy, making it appealing for investors, real estate agents, and those considering moving to the area. The financial growth also holds implications for appraisers and insurance agents, possibly correlating with higher property values and increased demand for housing.
Average State and Local Income Taxes Per Tax Return in Baltimore County, MD Over the Last 10 Years
Over the last decade, residents in Baltimore County, Maryland have seen a noticeable climb in state and local income taxes per tax return, with amounts escalating from $8,797.11 in 2012 to $15,775.16 in 2021. This trend could imply rising incomes or changes in tax policies and might impact decisions for potential investors, property developers, and new residents considering the area's financial landscape. The substantial jump from 2017 to 2018 and the continued rise afterward may also suggest significant economic changes worth investigating.
Average Total Tax Liability Per Tax Return in Baltimore County, MD Over the Last 10 Years
Baltimore County has seen a notable rise in average total tax liability per tax return over the past decade. From around $12,549.48 in 2012 to approximately $18,090.63 in 2021, liabilities have generally trended upward with some fluctuations. This consistent increase could indicate a rise in income levels or changes in taxation policies, making the county potentially more attractive for investors and real estate agents. Additionally, this trend may impact property appraisals and insurance rates, suggesting a growing economic vitality in Maryland's Baltimore County.
Cost of Living in Baltimore County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,990 | $1,572 | $1,404 | $1,668 | $1,593 |
| 1 adult 4 children | $1,990 | $1,284 | $1,069 | $1,668 | $1,756 |
| 2 adults 3 children | $1,990 | $1,285 | $1,220 | $1,668 | $1,371 |
| 1 adult 3 children | $1,990 | $1,049 | $886 | $1,668 | $1,550 |
| 2 adults 2 children | $1,534 | $1,052 | $1,036 | $1,458 | $1,067 |
| 1 adult 2 children | $1,534 | $785 | $702 | $1,458 | $1,125 |
| 2 adults 1 child | $1,534 | $831 | $853 | $775 | $973 |
| 1 adult 1 child | $1,534 | $537 | $518 | $775 | $888 |
| 2 adults | $1,242 | $668 | $669 | $0 | $785 |
| 1 adult | $1,072 | $364 | $334 | $0 | $657 |
Safety trends & Data
Baltimore County has experienced significant reductions in burglary rates, down to 304.0 cases in 2022 from 512.0 in 2018, and has seen fluctuations in larceny-theft with a high of 2461.0 arrests in 2019. Motor vehicle theft and vandalism are also on the decline. On the other hand, embezzlement and fraud arrests have spiked intermittently, particularly in 2022. These trends might reflect enhanced security measures or evolving criminal patterns, crucial information for real estate professionals... Read more
Property Crime Trends in Baltimore County, MD Over the Last 5 Years
Over the past five years, Baltimore County has seen a noticeable decline in burglary rates, dropping from 512.0 cases in 2018 to 304.0 in 2022. Larceny-theft, although still prevalent, has fluctuated, peaking at 2461.0 arrests in 2019 and overall showing a trend towards decreasing numbers. Motor vehicle theft and vandalism cases have also seen reductions. However, embezzlement and fraud arrests have seen sporadic increases, especially in 2022. These trends may reflect increased security measures or shifting criminal activity, essential insights for real estate agents, investors, and insurance professionals assessing risk and property value in the area.
Demographics
Baltimore County's adult population leans slightly female, indicating potential targeting opportunities for female-centric services. The age distribution skews towards a significant population in the 25 to 64-year range, potentially driving demand for workforce development and health services. Educational attainment data reveals a considerable percentage of high school graduates and individuals with some college education, potentially translating into a moderately educated workforce demanding... Read more
Race Distribution in Baltimore County, Maryland (2022)
Educational Attainment in Baltimore County, Maryland (2022)
Age Distribution in Baltimore County, Maryland
Citizen Population in Baltimore County, Maryland (2022)
Political Trends & Data
Baltimore County, Maryland, has shown a notable Democratic leaning in the 2020 U.S. Presidential Election, with an estimated 62.3% of votes going to the Democratic Party. Republicans received around 35.2%, indicating a solid yet lesser presence. Third parties such as Libertarians and Greens combined for just under 2%. This political landscape might influence broader socio-political dynamics in the region, potentially impacting community priorities and local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Baltimore County, Maryland, the 2020 U.S. Presidential Election results suggest a significant leaning towards the Democratic Party, with an estimated 62.3% of votes. Republicans received close to 35.2%, while third parties like Libertarians and Greens combined for a modest share under 2%. This trend possibly underscores a strong Democratic presence in the region, which may reflect broader socio-political dynamics at play.
35.24% of voters voted for the Republican party in the 2020 Presidential Election
62.28% of voters voted for the Democrat party in the 2020 Presidential Election
1.19% of voters voted for the Livertarian party in the 2020 Presidential Election
0.44% of voters voted for the Green party in the 2020 Presidential Election
0.86% of voters voted for the Other party in the 2020 Presidential Election
School Data
Baltimore County, Maryland has seen its student-to-teacher ratio shift over the last decade, peaking at 15.42 in 2017 before declining to 14.33 in 2023. This trend, nearing the national average of 14, may appeal to investors and families eyeing the area, as a lower ratio often implies better educational outcomes. For real estate agents and appraisers, these figures could translate to stabilizing or even increasing property values, while insurance agents might consider the county's educational... Read more
Student-to-teacher ratio in Baltimore County, Maryland over the last 10 years
Baltimore County, Maryland has seen fluctuation in its student-to-teacher ratio over the last decade. The ratio reached a peak of 15.42 in 2017 and has since decreased to 14.33 in 2023, bringing it closer to the current national average of 14 students per teacher. This trend might reassure potential investors and families considering a move to the county, as a lower student-to-teacher ratio often suggests more individualized attention for students and potentially better educational outcomes. For appraisers and real estate agents, this data could indicate stable, if not improving, public school resources, which can influence property values positively. Likewise, insurance agents may view the county's educational improvements as a factor in overall community stability and risk assessment.
