Androscoggin County Real Estate and Livability Trends
Androscoggin County, Maine, shows notable economic resilience with average taxable income per tax return climbing from $45,951.45 in 2013 to $60,331.25 by 2021. Escalating state and local income taxes, peaking at $9,675.37 in 2019, alongside rising median home values from $151,100 in 2015 to $211,800 by 2022, hint at increased property values and living costs. The area has seen a drop in the... Read more
Androscoggin County Market Trends
Androscoggin County, Maine has experienced notable growth in median home values, rising from $151,100 in 2015 to $211,800 by 2022, surpassing national growth rates. The area also shows varying trends in residential energy tax credits, peaking at $2,911.11 in 2018 before stabilizing around $800-$900 in recent years, hinting at fluctuating investments in energy efficiency. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Androscoggin County, Maine Over the Last 8 Years
Over the last 8 years, Androscoggin County, Maine has seen a consistent rise in median home values, jumping from $151,100 in 2015 to $211,800 in 2022. This area is gaining momentum at a faster rate compared to the national median values, which started at $125,500 in 2015 and climbed to $179,400 by 2022. While Androscoggin County's median home values still lag slightly behind Maine's overall figures for 2022, the county's growth trajectory suggests burgeoning investment potential for both new buyers and property developers.
Residential Energy Tax Credit Per Tax Return in Androscoggin County, ME Over the Last 9 Years
Androscoggin County, Maine has seen fluctuating yet generally increasing trends in residential energy tax credits per tax return over the last nine years. Especially noteworthy were significant jumps around 2015 through 2018, peaking notably at $2,911.11 in 2018. Recent years (2019-2021) have stabilized around the $800-$900 range. These variations suggest heightened periods of residential energy investments, possibly influenced by renewable energy incentives, economic shifts, or changing energy policies. This insight could be crucial for potential investors, property appraisers, realtors, and insurance agents as it may indicate periods of higher energy efficiency investments in the residential sector.
Average Real Estate Taxes Per Tax Return in Androscoggin County, ME Over the Last 10 Years
Over the past decade, real estate taxes in Androscoggin County, Maine have shown a generally upward trend, starting from $3,242.04 in 2012 and peaking at $4,933.84 in 2019. Despite slight decreases in subsequent years, taxes have consistently remained around the $4,900 mark from 2018 onwards. This pattern may indicate increasing property values or adjustments in tax rates, relevant for investors, builders, and residents monitoring property costs.
Percentage of Farm Returns in Androscoggin County, ME Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Androscoggin County, Maine, has somewhat declined from 0.46% in 2012 to 0.38% in 2021. Farm tax returns reflect the portion of tax filings attributable to agricultural activities. While the overall trend appears to show a subtle downslide, with percentages hovering around the mid-to-upper 0.30s, it may suggest a mild reduction in farming operations or a shift in economic focus within the area. Understanding these trends is crucial for potential investors or those considering relocating to Androscoggin County, as it could inform on the local economy's direction and the potential for rural land use and agricultural business opportunities.
Number of Mortgages by Occupancy Type in Androscoggin County, ME Over the Last 5 Years in Androscoggin County
Androscoggin County, Maine, has shown fluctuations in mortgage counts for different occupancy types over the past five years. Principal residences remain the dominant category, peaking in 2021 with 7027 mortgages but seeing a notable reduction to 4536 in 2022. Investment properties and second residences also had variable trends, with investment property mortgages seeing slight increases from 2018 to 2020 but declining afterward. This shift in mortgage patterns might suggest changing economic conditions, investment strategies, or lifestyle preferences which could impact property valuation, market demand, and insurance risks. For those looking to invest, understanding these trends could provide insight into the county's real estate dynamics.
Economic Outlook
Androscoggin County, Maine, has seen consistent growth in average taxable income per tax return, rising from $45,951.45 in 2013 to $60,331.25 by 2021, hinting at economic resilience and increased consumer spending power. State and local income taxes have escalated from $5,372.03 in 2012 to a peak of $9,675.37 in 2019, despite slight declines in 2020 and 2021, indicating a climbing cost of living. The average total tax liability rose from $6,003.43 in 2012 to $7,917.53 in 2021, suggesting higher... Read more
Average Taxable Income per Tax Return in Androscoggin County, ME over the last 9 years
Over the past nine years, Androscoggin County in Maine has experienced a notable upward trend in average taxable income per tax return. Starting at approximately $45,951.45 in 2013, the average has steadily increased, culminating in around $60,331.25 by 2021. This consistent growth, especially the significant jump between 2020 and 2021, could suggest economic resilience and potential for increased consumer spending power. For real estate agents, insurance agents, and property developers, these trends may indicate a progressively prosperous market with rising property values. Investors might find this data useful for forecasting a stable and perhaps rewarding economic environment.
Average State and Local Income Taxes Per Tax Return in Androscoggin County, ME Over the Last 10 Years
Over the past decade, Androscoggin County, Maine, has seen a notable increase in average state and local income taxes per tax return. Starting from $5,372.03 in 2012, the amounts have progressively increased, reaching a peak of $9,675.37 in 2019. Even though there was a slight drop in 2020 and 2021, the taxes remain significantly higher than they were a decade ago. This upward trend suggests a rising cost of living, which may impact decisions for potential investors, property developers, and residents.
Average Total Tax Liability Per Tax Return in Androscoggin County, ME Over the Last 10 Years
In Androscoggin County, Maine, the average total tax liability per tax return has experienced a steady climb over the past decade, with notable jumps in 2015 and 2021. The increase from $6,003.43 in 2012 to $7,917.53 by 2021 indicates a potential rise in individual incomes or changes in tax policies. This trend might interest real estate investors, appraisers, and insurance agents as it suggests a growing economic capacity among residents, possibly translating to higher property values and insurance premiums. Such data is crucial for those planning to move, invest, or operate in the region, offering insights into the financial dynamics at play.
Cost of Living in Androscoggin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,393 | $1,601 | $2,000 | $1,581 | $1,491 |
| 1 adult 4 children | $1,393 | $1,307 | $1,537 | $1,581 | $1,649 |
| 2 adults 3 children | $1,393 | $1,308 | $1,731 | $1,581 | $1,208 |
| 1 adult 3 children | $1,393 | $1,067 | $1,269 | $1,581 | $1,349 |
| 2 adults 2 children | $1,060 | $1,070 | $1,463 | $1,384 | $951 |
| 1 adult 2 children | $1,060 | $800 | $1,000 | $1,384 | $948 |
| 2 adults 1 child | $1,060 | $846 | $1,194 | $743 | $832 |
| 1 adult 1 child | $1,060 | $546 | $731 | $743 | $720 |
| 2 adults | $834 | $680 | $925 | $0 | $637 |
| 1 adult | $747 | $371 | $463 | $0 | $563 |
Safety trends & Data
Androscoggin County, Maine has seen fluctuating property crime trends over the last five years, notably with larceny-theft incidents decreasing from 614.00 in 2018 to 380.00 in 2022. Vandalism cases have remained steady, peaking slightly in 2020 at 102 cases. Burglary rates are on a downward trend, decreasing from 37.00 in 2018 to 29.00 in 2022. These crime trends could affect community safety perceptions, potentially impacting property values and insurance rates, which are key considerations... Read more
Property Crime Trends in Androscoggin County, ME Over the Last 5 Years
Androscoggin County, Maine has shown fluctuating trends in property crime over the last five years. Larceny-theft remains the most prevalent crime but has seen a relative decrease from 614.0 incidents in 2018 to 380.0 in 2022. Vandalism has stayed relatively steady, peaking slightly in 2020 with 102.0 reported cases. Burglary rates also appear to be declining, dropping from 37.0 in 2018 to 29.0 in 2022. For stakeholders like investors and real estate agents, these variations highlight potential changes in community safety and may influence property values and insurance rates.
Demographics
In Androscoggin County, Maine, the adult population skews slightly female, with a higher proportion of residents holding a high school diploma or some college education. The age distribution suggests a significant number of residents in the prime working ages of 25 to 54, while also highlighting a relatively large older population above 55. The racial demographic predominantly consists of White residents, though there is a small but present multicultural segment. These insights hint at a... Read more
Race Distribution in Androscoggin County, Maine (2022)
Educational Attainment in Androscoggin County, Maine (2022)
Age Distribution in Androscoggin County, Maine
Citizen Population in Androscoggin County, Maine (2022)
Political Trends & Data
In Androscoggin County, Maine, the real estate market may be influenced by its politically diverse voter base. With nearly half of the electorate leaning Republican and a slight majority favoring Democrats, the area showcases a varied political landscape. This complexity could suggest a nuanced mix of resident priorities and perhaps a competitive environment for real estate developments and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Androscoggin County, Maine, voter distribution appears divided, with nearly half leaning Republican and a slight majority favoring Democrats. Smaller parties like the Libertarians and Greens collectively make up a minor yet notable portion of the vote share. This varied political landscape could indicate nuanced voter priorities and a potentially competitive environment for future elections.
49.31% of voters voted for the Republican party in the 2020 Presidential Election
46.52% of voters voted for the Democrat party in the 2020 Presidential Election
1.86% of voters voted for the Livertarian party in the 2020 Presidential Election
1.02% of voters voted for the Green party in the 2020 Presidential Election
1.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Androscoggin County, Maine, between 2014 and 2023, generally stayed near the national average of 14 students per teacher but saw some notable fluctuations. It peaked at 13.7 in 2023 and dipped to 11.67 in 2022, hinting at variability in classroom sizes or staffing changes. This data can be crucial for investors and real estate agents, as a lower ratio often implies higher quality education, making it a potential draw for families. It may also influence appraisers... Read more
Student-to-teacher ratio in Androscoggin County, Maine over the last 10 years
Between 2014 and 2023, the student-to-teacher ratio in Androscoggin County, Maine generally hovered around the national average of 14 students per teacher but experienced slight fluctuations. It peaked at 13.7 in 2023, but also saw a notable dip to 11.67 in 2022, suggesting variability in classroom sizes or staffing changes. This information can be vital for potential investors or real estate agents as a lower student-to-teacher ratio often implies more individualized attention and potentially higher quality of education, which can be a selling point for families considering a move to the area. Similarly, appraisers and insurance agents may find these trends indicative of local educational resource allocation and community development priorities.
