Montgomery County Real Estate and Livability Trends
Montgomery County, Maryland, showcases a steadily rising average taxable income, climbing from about $96,795.18 in 2013 to roughly $144,827.58 in 2021, signaling affluence and economic vitality. Median home values also saw a significant jump to $588,900 by 2022, outpacing state and national trends, and highlighting potential for elevated property investments. Rising real estate taxes and a... Read more
Montgomery County Market Trends
Montgomery County, Maryland has experienced a significant rise in median home values, climbing from $454,700 in 2015 to $588,900 in 2022, which outpaces both state and national trends. The heightened emphasis on energy-efficient upgrades is reflected in residential energy tax credits peaking dramatically in 2018 at $3,659.61, suggesting a market leaning towards sustainability. Average real estate... Read more
Median Value of Occupied Housing Units in Montgomery County, Maryland Over the Last 8 Years
Montgomery County, Maryland has seen a significant increase in median home values over the past eight years, rising from $454,700 in 2015 to $588,900 in 2022. This growth far outpaces both Maryland's overall increase from $286,900 to $380,500 and the national trend where median values went from $125,500 to $179,400 during the same period. This suggests an attractive market for potential investors or those considering relocation, driven possibly by the area's appealing amenities, robust job market, or other local factors.
Residential Energy Tax Credit Per Tax Return in Montgomery County, MD Over the Last 9 Years
Montgomery County, Maryland has seen a notable increase in residential energy tax credits per tax return over the past nine years, peaking dramatically in 2018 at $3,659.61 before stabilizing around $1,461.88 in 2021. This trend suggests a growing emphasis on energy-efficient upgrades among homeowners. For investors, appraisers, and real estate agents, this could indicate a rising market for properties with energy-efficient features. Insurance agents might consider adjusting risk assessments based on the implementation of modern energy systems. This pattern is essential for anyone considering development or real estate activity in the county as it reflects a strong community commitment to sustainability.
Average Real Estate Taxes Per Tax Return in Montgomery County, MD Over the Last 10 Years
Montgomery County, Maryland has seen a steady increase in average real estate taxes per tax return over the last decade, starting from $5,457.26 in 2012 to about $7,424.59 in 2021. This upward trend may suggest rising property values or increasing tax rates, which could be important for potential investors, homeowners, appraisers, and real estate agents as they evaluate the financial landscape. The consistent rise could potentially impact insurance premiums and the overall cost of living in the area, making it a critical piece of information for anyone engaged in or considering a move to Montgomery County.
Percentage of Farm Returns in Montgomery County, MD Over the Last 10 Years
Farm tax returns in Montgomery County, Maryland show a gradual, albeit modest, decline over the past decade, dipping from 0.15% in 2012 to around 0.11% by 2021. This trend might hint at a slight reduction in farming activity or a shift in the economic landscape of the area, making it an essential factor for potential investors, builders, or those looking to move to the region to consider. Farming activity often reflects the overall health and economic diversities within a county, so the consistent decline could potentially impact property investments or future development plans.
Number of Mortgages by Occupancy Type in Montgomery County, MD Over the Last 5 Years in Montgomery County
Montgomery County, Maryland has seen significant shifts in the number of mortgages across different occupancy types over the past five years. Principal residences consistently hold the majority of mortgages, peaking in 2020 before a notable drop by 2022. Investment properties saw a peak in 2021, while second residences have shown only minor fluctuations. These changes indicate potential market shifts, with higher investment property activity possibly reflecting increased investor interest or speculation during certain years. For real estate agents, appraisers, and potential homeowners, understanding these trends is vital for making informed decisions about property values, investment potential, and market stability in the county.
Economic Outlook
Montgomery County, Maryland, shows a steady increase in average taxable income per tax return, climbing from about $96,795.18 in 2013 to roughly $144,827.58 in 2021. This trend may signal a robust local economy and growing affluence among residents, making it an attractive market for investors and real estate professionals. Concurrently, state and local income taxes in the county have risen from approximately $12,895.36 in 2012 to around $24,453.09 by 2021, possibly reflecting both economic... Read more
Average Taxable Income per Tax Return in Montgomery County, MD over the last 9 years
Montgomery County, Maryland has seen a notable increase in average taxable income per tax return over the past nine years. Starting at approximately $96,795.18 in 2013, it climbed steadily each year, peaking at around $144,827.58 in 2021. This trend could indicate a robust local economy and possibly a growing affluence among residents. Such financial trajectories might be relevant for investors, real estate agents, and prospective homeowners looking to tap into a prosperous and dynamic market.
Average State and Local Income Taxes Per Tax Return in Montgomery County, MD Over the Last 10 Years
Montgomery County, Maryland, has seen a notable rise in state and local income taxes per tax return over the last decade. Starting from around $12,895.36 in 2012, there has been a steady increase to approximately $24,453.09 by 2021. This trend might reflect the county's economic growth, changes in tax policies, or shifts in residents' income levels. Potential investors and residents should consider these tax dynamics as they may impact financial planning and the overall attractiveness of the county for new ventures and relocation.
Average Total Tax Liability Per Tax Return in Montgomery County, MD Over the Last 10 Years
Montgomery County, Maryland has seen a notable increase in average total tax liability per tax return over the last decade, starting from approximately $21,080.97 in 2012 and climbing to about $31,121.37 in 2021. This upward trend could suggest a growing economic base, higher incomes among residents, or changes in tax policy impacting the area. For potential investors, real estate agents, and those looking to move, this might indicate a robust local economy and potentially higher property values. Appraisers and insurance agents might find this data useful for assessing risk and valuation in an area experiencing such financial growth.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,372 | $1,818 | $1,404 | $3,068 | $2,457 |
| 1 adult 4 children | $2,372 | $1,484 | $1,069 | $3,068 | $2,522 |
| 2 adults 3 children | $2,372 | $1,485 | $1,220 | $3,068 | $2,208 |
| 1 adult 3 children | $2,372 | $1,212 | $886 | $3,068 | $2,345 |
| 2 adults 2 children | $1,896 | $1,216 | $1,036 | $2,666 | $1,740 |
| 1 adult 2 children | $1,896 | $908 | $702 | $2,666 | $1,843 |
| 2 adults 1 child | $1,896 | $961 | $853 | $1,358 | $1,275 |
| 1 adult 1 child | $1,896 | $621 | $518 | $1,358 | $1,300 |
| 2 adults | $1,666 | $772 | $669 | $0 | $950 |
| 1 adult | $1,639 | $421 | $334 | $0 | $911 |
Safety trends & Data
In Montgomery County, Maryland, property crimes have shown notable shifts over the past five years. Larceny-theft peaked at 2,465 cases in 2019 before dropping dramatically to 1,156 in 2022. Burglary and motor vehicle theft consistently declined, with burglary falling from 393 cases to 199. Meanwhile, embezzlement, arson, and fraud cases have remained low, each under 100 annually. These patterns could influence real estate investment, property valuation, and risk assessment... Read more
Property Crime Trends in Montgomery County, MD Over the Last 5 Years
Trends in property crime in Montgomery County, Maryland reveal notable fluctuations over the past five years. Larceny-theft remains the most prevalent, peaking at 2,465 cases in 2019 before dropping significantly in subsequent years to 1,156 in 2022. Burglary and motor vehicle theft saw a consistent decline, with burglary decreasing from 393 cases in 2019 to 199 in 2022, and motor vehicle theft varying slightly year over year. Embezzlement, arson, and fraud cases have generally stayed low, all under 100 cases annually, showing relative stability. These trends reflect shifting dynamics in property-related crimes and could inform investment, valuation, and risk assessment strategies in the real estate and insurance sectors.
Demographics
Montgomery County's adult population leans slightly female, and a considerable portion holds advanced educational qualifications, with nearly one-quarter having a graduate or professional degree. The age distribution skews towards working-age adults, with the majority between 25 and 54 years old. The racial composition is diverse but predominantly White, with significant Asian and African American communities. These demographic trends underscore a highly educated, diverse, and predominantly... Read more
Race Distribution in Montgomery County, Maryland (2022)
Educational Attainment in Montgomery County, Maryland (2022)
Age Distribution in Montgomery County, Maryland
Citizen Population in Montgomery County, Maryland (2022)
Political Trends & Data
Montgomery County, Connecticut, appears to have a strong Democratic inclination, with Democrats capturing about 79% of the vote in the 2020 U.S. Presidential Election. Republicans, on the other hand, seemed to draw around 19% of the vote. The data also suggests that third parties like the Libertarians and Green Party had minimal impact, each garnering approximately 1%. These trends may indicate a robust Democratic presence, though there is a small yet established Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Montgomery County in Connecticut seemingly leans heavily Democratic based on the 2020 U.S. Presidential Election results, with Democrats potentially capturing around 79% of the vote. Republicans may have garnered approximately 19%, while third parties such as the Libertarians and Green Party received less noticeable support, potentially around 1% each. These trends could suggest a strong Democratic presence and possibly a smaller but established Republican base, with minimal impact from other parties.
18.96% of voters voted for the Republican party in the 2020 Presidential Election
78.61% of voters voted for the Democrat party in the 2020 Presidential Election
0.80% of voters voted for the Livertarian party in the 2020 Presidential Election
0.58% of voters voted for the Green party in the 2020 Presidential Election
1.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Montgomery County, Maryland, the student-to-teacher ratio has declined over the past decade, moving from around 15 students per teacher in 2014 to approximately 13.6 in 2023. A notable dip below the national average of 14 occurred in 2021. For those eyeing the real estate market, this trend might suggest improving educational quality, potentially enhancing property values and community desirability. Lower ratios often mean more personalized attention for students, which could be a strong... Read more
Student-to-teacher ratio in Montgomery County, Maryland over the last 10 years
Montgomery County, Maryland has seen a gradual decline in the student-to-teacher ratio over the past decade, starting at roughly 15 students per teacher in 2014 and moving to approximately 14 by 2019. A noteworthy dip occurred around 2021 when the ratio fell below the national average of 14, reaching about 13 and slightly increasing to 13.6 in 2023. For investors, real estate agents, and those considering a move, these shifts could indicate improving educational quality or changes in school funding and enrollment. Lower ratios often translate to more personalized attention for students, which can be a strong selling point for families, potentially impacting property values and community desirability.
