Oxford County Real Estate and Livability Trends
Oxford County, Maine’s median home values have increased gradually from $135,500 in 2015 to $176,800 in 2022, lagging behind broader trends. Local real estate taxes saw a sizable uptick from $3,067.53 in 2012 to about $5,006.58 in 2021, with a spike notably between 2017 and 2018. Notably, mortgage counts for principal residences declined from 2021 to 2022, hinting at shifting market dynamics.... Read more
Oxford County Market Trends
Oxford County, Maine's median home values increased from $135,500 in 2015 to $176,800 in 2022, offering a more gradual appreciation compared to statewide and national trends. Average residential energy tax credits saw significant fluctuations, peaking at $2,562.50 in 2018, indicating a rising focus on energy-efficient home improvements. Real estate taxes climbed from $3,067.53 in 2012 to around... Read more
Median Value of Occupied Housing Units in Oxford County, Maine Over the Last 8 Years
Oxford County, Maine has seen a steady increase in median home values over the past eight years, rising from $135,500 in 2015 to $176,800 in 2022. This growth trajectory is slightly slower than Maine's overall increase, where the median values jumped from $173,800 to $244,800 during the same period. Compared to the national trend, which saw values rise from $125,500 in 2015 to $179,400 in 2022, Oxford County appears to offer a more gradual appreciation, potentially providing a more stable investment or living option for those wary of rapid market fluctuations.
Residential Energy Tax Credit Per Tax Return in Oxford County, ME Over the Last 9 Years
Oxford County, Maine has seen some notable shifts in the average residential energy tax credit per tax return over the past nine years. Starting at around $336.59 in 2013, the credit gradually increased, peaking significantly at $2562.50 in 2018 before leveling out closer to $1174.07 by 2021. These fluctuations suggest varying levels of investment in energy-efficient home improvements, possibly influenced by changes in state or federal incentives and homeowner awareness. This trend could be particularly interesting for potential investors and real estate professionals, as it hints at a growing prioritization of energy efficiency among residents.
Average Real Estate Taxes Per Tax Return in Oxford County, ME Over the Last 10 Years
Real estate taxes in Oxford County, Maine have seen a notable upward trend over the past decade. Average taxes per tax return rose from $3,067.53 in 2012 to approximately $5,006.58 in 2021, peaking at $5,083.13 in 2020. The significant jump between 2017 and 2018, from $3,943.37 to $4,772.34, might indicate a shift in property valuation or tax policy. This steady increase could be crucial for potential investors, property developers, and real estate agents to gauge future cost implications and trends in property values within the county.
Percentage of Farm Returns in Oxford County, ME Over the Last 10 Years
In Oxford County, Maine, the percentage of farm tax returns has hovered around 1.1%, with slight fluctuations over the past decade. While the numbers peaked at approximately 1.19% in 2016, they dipped to around 0.95% in 2020, indicating some variability in farm-related filings. Farm tax returns reflect the number of taxpayers reporting farm income, providing a useful indicator of agricultural activity in the region. For those considering investment, relocation, or development, this trend suggests a relatively stable but modest agricultural sector, reinforcing the need to contextualize farm-related economic opportunities as part of broader regional assessments.
Number of Mortgages by Occupancy Type in Oxford County, ME Over the Last 5 Years in Oxford County
Oxford County, Maine has shown noticeable shifts in mortgage counts across occupancy types over the last five years, particularly in investment properties and principal residences. A decline in principal residence mortgages from 2021 to 2022 might suggest changes in either housing demand or market conditions. Fluctuations in second residence and investment property mortgages could imply evolving investment strategies or shifts in the rental market, potentially affecting both real estate values and insurance premiums. For investors, understanding these variations can highlight emerging opportunities or risks, while for potential residents, these figures may reflect neighborhood stability and long-term investment potential.
Economic Outlook
Oxford County, Maine has shown a steady rise in average taxable income per tax return, climbing from $41,885.27 in 2013 to $57,900.28 in 2021. Simultaneously, average state and local income taxes per tax return have increased from $5,125.92 in 2012 to $9,222.08 in 2021, hinting at economic growth and higher earning opportunities. This trend is potentially indicative of a strengthening local economy, relevant for investors, real estate agents, and those planning to relocate. Notably, the average... Read more
Average Taxable Income per Tax Return in Oxford County, ME over the last 9 years
Over the past nine years, Oxford County, Maine has seen a steady rise in average taxable income per tax return, starting from $41,885.27 in 2013 and reaching $57,900.28 in 2021. This consistent increase may indicate economic growth and potentially higher earning opportunities in the area. It's relevant for investors, real estate agents, and those looking to move to the region, as it suggests a strengthening local economy which could affect property values and market stability. Appraisers and insurance agents should take note of these trends, as they can impact property valuations and insurance assessments.
Average State and Local Income Taxes Per Tax Return in Oxford County, ME Over the Last 10 Years
Over the past decade, Oxford County, Maine has seen a notable rise in average state and local income taxes per tax return, climbing from around $5,125.92 in 2012 to approximately $9,222.08 in 2021. This steady increase, particularly dramatic post-2017, could reflect broader economic trends, changes in tax policy, or local economic growth. For those looking to invest, move to, or build property in the area, this upward trajectory in taxes may be an essential factor in understanding the county's economic landscape and cost of living.
Average Total Tax Liability Per Tax Return in Oxford County, ME Over the Last 10 Years
Over the past decade, Oxford County, Maine, has seen a notable upward trend in average total tax liability per tax return, climbing from $5,301.49 in 2012 to $7,868.25 in 2021. This steady increase, with a slight dip in 2018, could indicate rising incomes or changes in tax policies impacting residents. For investors, real estate agents, appraisers, and insurance agents, this trend suggests a shifting economic landscape potentially driven by evolving economic conditions or population growth. Despite annual fluctuations, the overall trajectory may impact housing market valuations and investment decisions in the area.
Cost of Living in Oxford County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,176 | $1,536 | $1,911 | $1,687 | $1,444 |
| 1 adult 4 children | $1,176 | $1,255 | $1,459 | $1,687 | $1,615 |
| 2 adults 3 children | $1,176 | $1,255 | $1,659 | $1,687 | $1,173 |
| 1 adult 3 children | $1,176 | $1,025 | $1,207 | $1,687 | $1,325 |
| 2 adults 2 children | $966 | $1,027 | $1,407 | $1,459 | $970 |
| 1 adult 2 children | $966 | $767 | $955 | $1,459 | $984 |
| 2 adults 1 child | $966 | $812 | $1,156 | $717 | $825 |
| 1 adult 1 child | $966 | $524 | $704 | $717 | $720 |
| 2 adults | $734 | $652 | $904 | $0 | $637 |
| 1 adult | $729 | $356 | $452 | $0 | $597 |
Safety trends & Data
Oxford County, Maine has seen some interesting trends in property crimes. Larceny-theft incidents peaked at 109 in 2022 after dipping to 65 in 2021, possibly signaling volatility. Burglary rates have been generally down from 25.00 in 2019 to 13.00 in 2022, suggesting a safer environment for residences. Motor vehicle thefts spiked in 2020 at 12.00 but then saw a steep decline. However, vandalism reached its highest in 2022 at 27.00. These fluctuations might serve as a critical gauge for real... Read more
Property Crime Trends in Oxford County, ME Over the Last 5 Years
Oxford County, Maine has seen fluctuating trends in property crimes over the past five years. Notably, incidents of larceny-theft have varied, with a significant peak at 109.00 in 2022 after a dip to 65.00 in 2021. Burglary rates have been on a general decline, from a high of 25.00 in 2019 to 13.00 in 2022. Motor vehicle thefts spiked in 2020 at 12.00 but dropped significantly in the following years. Vandalism showed a notable increase, reaching its highest in 2022 at 27.00. These trends could inform real estate investors, property developers, and insurance professionals of potential risks and the evolving safety landscape in Oxford County.
Demographics
Oxford County, Maine, exhibits a balanced gender distribution among its adult population, with males slightly edging out females. Educationally, a significant portion of the population holds a high school diploma or higher, yet a relatively small percentage have attained graduate or professional degrees. The age distribution indicates a higher concentration of residents over 45, hinting at an aging population that might impact local services and workforce dynamics. Racial demographics reveal a... Read more
Race Distribution in Oxford County, Maine (2022)
Educational Attainment in Oxford County, Maine (2022)
Age Distribution in Oxford County, Maine
Citizen Population in Oxford County, Maine (2022)
Political Trends & Data
In Oxford County, Maine, the 2020 U.S. Presidential Election results hint at a close political landscape, with Republicans potentially garnering around 52.3% of the vote and Democrats trailing slightly at approximately 43.6%. This competitive nature could reflect broader trends impacting local real estate, like economic policies or community investments driven by political influences. Third-party candidates, capturing about 4% of the vote, appear to have had nominal influence, underscoring the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Oxford County, Maine, the 2020 U.S. Presidential Election saw Republicans likely taking a slight lead with around 52.3% of the votes. Democrats followed closely, securing about 43.6%, indicating a relatively competitive race. Libertarian and Green parties, along with other smaller parties, collectively captured roughly 4% of the vote, suggesting minimal impact from third-party candidates in this county.
52.35% of voters voted for the Republican party in the 2020 Presidential Election
43.64% of voters voted for the Democrat party in the 2020 Presidential Election
1.92% of voters voted for the Livertarian party in the 2020 Presidential Election
1.03% of voters voted for the Green party in the 2020 Presidential Election
1.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
Oxford County, Maine boasts a student-to-teacher ratio consistently between 11 and 12, notably below the national average of 14. This could be a standout factor for families prioritizing education and might attract real estate investors and developers seeking areas with strong educational support. The lower ratio suggests a more personalized education environment, hinting at a community-focused region that could be appealing to potential... Read more
Student-to-teacher ratio in Oxford County, Maine over the last 10 years
Over the past decade, Oxford County, Maine has seen its student-to-teacher ratio fluctuate between approximately 11 and 12 students per teacher, notably below the U.S. national average of 14 students per teacher. The consistently lower ratio may suggest a more personalized education environment, potentially attracting families prioritizing education quality. This trend could be significant for real estate agents, appraisers, and investors looking to capitalize on areas with strong educational support, as well as insurance agents assessing risk factors related to community investments. Additionally, property developers and those interested in moving to the area might find this an appealing aspect, hinting at a community-focused and education-friendly region.
