Cecil County Real Estate and Livability Trends
Cecil County, Maryland, has been experiencing intriguing market dynamics that could catch the eye of savvy investors and real estate professionals. Average taxable income per tax return has seen a noticeable climb to $75,154.10 in 2021, hinting at a thriving local economy. Meanwhile, property values have steadily risen, with median home values hitting $292,500 in 2022, significantly lower than... Read more
Cecil County Market Trends
Median home values in Cecil County, Maryland have seen a steady rise, reaching $292,500 in 2022, suggesting a relatively affordable but growing market compared to the state's median of $380,500. Residential energy tax credits have fluctuated significantly, peaking at $4,527.27 in 2018 before settling around $1,411.76 in 2021, indicating varying investment levels in energy-efficient home... Read more
Median Value of Occupied Housing Units in Cecil County, Maryland Over the Last 8 Years
Median home values in Cecil County, Maryland have shown a steady upward trend over the past eight years, reaching $292,500 in 2022. This local appreciation appears modest compared to the broader Maryland market, which saw median home values climb to $380,500 the same year. Meanwhile, the national median has trailed behind both at $179,400 in 2022. For investors and homebuyers in Cecil County, this indicates a growing, yet relatively affordable market within the state that has room for value growth due to its more steady increases in past years.
Residential Energy Tax Credit Per Tax Return in Cecil County, MD Over the Last 9 Years
Over the last nine years in Cecil County, Maryland, there has been a notable fluctuation in the average residential energy tax credit per tax return. Starting at $590.15 in 2013, the amount saw a significant peak in 2018 at $4,527.27 before normalizing to around $1,411.76 in 2021. This volatility suggests varying levels of investment in energy-efficient improvements among residents, which could be influential information for investors, appraisers, and real estate agents gauging the local market's responsiveness to energy-saving incentives.
Average Real Estate Taxes Per Tax Return in Cecil County, MD Over the Last 10 Years
Over the past decade, Cecil County, Maryland has seen a rising trend in average real estate taxes per tax return, with a marked jump from $3,104.36 in 2012 to $4,083.94 in 2021. Notably, a significant increase occurred between 2017 and 2018, where the average spiked from $3,369.09 to $3,873.52. This upward trend may suggest escalating property values and an expanding local economy, potentially making Cecil County an attractive option for real estate investors, appraisers, and builders looking to capitalize on a growing market. However, higher taxes are something prospective homeowners and real estate agents should take into consideration.
Percentage of Farm Returns in Cecil County, MD Over the Last 10 Years
Over the last decade in Cecil County, Maryland, the percentage of farm tax returns has largely hovered around 0.8% to 0.9%, with a slight dip in 2020 to approximately 0.8%. These farm tax returns reflect the filing status of individuals or entities involved in agricultural activities within the county, which could indicate the level of farming business activities and economic conditions affecting this sector. Investors looking into farmland or those considering agricultural ventures might find this trend noteworthy, as it suggests relatively stable activity despite minor fluctuations. For real estate developers and potential homeowners, the consistent farm returns might hint at a steady rural economy, potentially influencing land values and community development.
Number of Mortgages by Occupancy Type in Cecil County, MD Over the Last 5 Years in Cecil County
In Cecil County, Maryland, the number of mortgages for principal residences has shown substantial variation over the past five years, peaking in 2021 with 8,876 mortgages but dropping significantly to 5,502 in 2022. Investment property mortgages remained relatively stable, while second residence mortgages have generally been low but similarly stable. Changes in occupancy type can indicate shifts in market demand, economic conditions, and personal financial stability, which are crucial for investors, real estate agents, and insurance agents to understand for making informed decisions. For those looking to build property or move to the area, these trends offer insight into housing market dynamics and potential investment opportunities or risks.
Economic Outlook
Cecil County, Maryland, has witnessed a consistent rise in average taxable income per tax return, reaching $75,154.10 in 2021 from $58,129.49 in 2013. This trend suggests a potentially growing economy and higher living standards, which can make the market attractive to investors and real estate professionals. Concurrently, average state and local income taxes have also increased significantly, from around $6,888.30 in 2012 to $10,367.34 in 2021. Additionally, the average total tax liability per... Read more
Average Taxable Income per Tax Return in Cecil County, MD over the last 9 years
Over the last nine years, Cecil County, Maryland has seen a consistent increase in the average taxable income per tax return, starting at $58,129.49 in 2013 and climbing to $75,154.10 in 2021. This upward trend suggests a potentially growing local economy and could imply rising standards of living, making the county an attractive area for potential investors and real estate professionals. Higher income averages can also affect property valuations and insurance considerations, reflecting a stronger market with potentially higher-quality housing developments.
Average State and Local Income Taxes Per Tax Return in Cecil County, MD Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Cecil County, Maryland have shown a notable upward trend. Starting at approximately $6,888.30 in 2012, the average increased steadily to around $10,367.34 by 2021, peaking at $11,130.53 in 2020. This trend might suggest that residents are experiencing increasing tax liabilities, potentially impacting disposable income and the cost of living. Investors and prospective residents should be aware of these rising taxes, as they could influence long-term financial planning and property investment decisions.
Average Total Tax Liability Per Tax Return in Cecil County, MD Over the Last 10 Years
Cecil County, Maryland, has seen a notable increase in average total tax liability per tax return over the past decade. Starting at around $8,120.69 in 2012, the numbers have steadily risen, peaking at approximately $11,305.17 in 2021. This trend may reflect rising incomes or property values and could influence decisions for potential investors, homebuyers, and real estate agents considering the area. Those involved in property evaluation and insurance should also account for this upward trend.
Cost of Living in Cecil County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,739 | $1,448 | $1,456 | $1,691 | $1,535 |
| 1 adult 4 children | $1,739 | $1,182 | $1,110 | $1,691 | $1,721 |
| 2 adults 3 children | $1,739 | $1,183 | $1,265 | $1,691 | $1,324 |
| 1 adult 3 children | $1,739 | $966 | $919 | $1,691 | $1,505 |
| 2 adults 2 children | $1,429 | $968 | $1,074 | $1,478 | $1,092 |
| 1 adult 2 children | $1,429 | $723 | $728 | $1,478 | $1,159 |
| 2 adults 1 child | $1,429 | $765 | $883 | $787 | $987 |
| 1 adult 1 child | $1,429 | $494 | $537 | $787 | $912 |
| 2 adults | $1,184 | $615 | $693 | $0 | $808 |
| 1 adult | $1,051 | $335 | $346 | $0 | $687 |
Safety trends & Data
Cecil County, Maryland has seen fluctuating trends in property crime over the past four years, with notable decreases. Larceny-theft incidents dropped sharply from 499 in 2019 to 212 in 2022, while burglary cases fell from 117 in 2018 to 46 in 2022. Fraud incidents also plummeted, with only 8 reported in 2022 compared to 65 in 2019. Vandalism showed a similar decline from 70 cases in 2019 to 30 in 2022. This downward trend in property crimes could hint at a safer environment, possibly making... Read more
Property Crime Trends in Cecil County, MD Over the Last 4 Years
Cecil County, Maryland has seen significant fluctuations in property crime over the past four years. Larceny-theft consistently dominates the crime landscape, with a sharp decrease from 2019's high of 499 incidents to 212 in 2022, potentially indicating improved preventative measures or economic factors. Burglary incidents also trended downward from 117 in 2018 to 46 in 2022. Fraud and vandalism have similarly decreased, with fraud dropping from 65 incidents in 2019 to just 8 in 2022, and vandalism from 70 in 2019 to 30 in 2022. These data points may suggest a safer environment potentially driven by community efforts and law enforcement strategies, making the area more attractive for new residents and investors alike.
Demographics
Cecil County, Maryland's demographic landscape reveals a near-even split between male and female adults. Educational attainment is notably concentrated at the high school level, though a significant portion has pursued higher education, with 11,804 earning bachelor's degrees. Age distribution shows a diverse populace, with substantial numbers in both the 25-34 and 55-64 age brackets. Racially, the county is predominantly White, with a smaller representation of Black or African American and... Read more
Race Distribution in Cecil County, Maryland (2022)
Educational Attainment in Cecil County, Maryland (2022)
Age Distribution in Cecil County, Maryland
Citizen Population in Cecil County, Maryland (2022)
Political Trends & Data
In Cecil County, Maryland, the real estate market might be influenced by its predominantly Republican leanings, as evidenced by the 2020 U.S. Presidential Election where about 62.00% of voters supported the Republican candidate and around 35.00% backed the Democrats. The strong Republican support, coupled with a minor yet present third-party vote share, suggests a community with a solid conservative base but with an underlying diversity. This political landscape could play a role in shaping... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cecil County, Maryland, the Republican party appeared to have a significant lead with approximately 62% of the votes. Democrats secured around 35%, trailing behind the Republican margin. The Libertarian, Green, and other parties collectively garnered a minor share, suggesting a predominantly two-party preference in this region. These figures could indicate a strong Republican inclination in Cecil County during the 2020 U.S. Presidential Election, though the presence of third-party votes hints at some level of political diversity.
62.03% of voters voted for the Republican party in the 2020 Presidential Election
35.42% of voters voted for the Democrat party in the 2020 Presidential Election
1.49% of voters voted for the Livertarian party in the 2020 Presidential Election
0.48% of voters voted for the Green party in the 2020 Presidential Election
0.59% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cecil County, Maryland, has seen a gradual decline in student-to-teacher ratios over the past decade, from 14 in 2016 to approximately 13 in 2021, often staying below the national average. This trend could imply smaller class sizes, appealing to families prioritizing personalized education. These shifts might influence property values and demand in areas with reputable schools, making this data relevant for real estate agents, appraisers, and insurance... Read more
Student-to-teacher ratio in Cecil County, Maryland over the last 10 years
Cecil County, Maryland, has experienced a slight but consistent decline in student-to-teacher ratios over the past decade, dropping from a high of 14 in 2016 to a low of about 13 in 2021. This ratio has generally been below or close to the national average of 14 students per teacher. For those considering moving to or investing in Cecil County, this trend might suggest smaller class sizes, which could be appealing for families prioritizing personalized education and attention in schools. Real estate agents, appraisers, and insurance agents might find this data relevant as it could influence property values and demand in neighborhoods with well-regarded schools.
