Piscataquis County Real Estate and Livability Trends
Piscataquis County, Maine, has seen a significant jump in average taxable incomes, growing from $40,498.06 in 2013 to $60,705.51 in 2021. This economic shift points to higher wages and increased purchasing power, likely pushing up property values and drawing investor interest. Meanwhile, median home values lag behind state and national averages at $137,800 in 2022, though a recent rise from... Read more
Piscataquis County Market Trends
Median home values in Piscataquis County, Maine, at $137,800 in 2022, are lagging behind the state’s $244,800 and national median of $179,400. A recent increase from $119,800 in 2021 to $137,800 may hint at growing interest or changing market conditions. Residential energy tax credits have surged from $325.00 per tax return in 2013 to $742.86 in 2021, highlighting a shift towards... Read more
Median Value of Occupied Housing Units in Piscataquis County, Maine Over the Last 8 Years
Median home values in Piscataquis County, Maine have shown a mixed trend over the last eight years, but overall appear to be lagging behind both the state and national figures. While Piscataquis County's median home value in 2022 was $137,800, the state of Maine surged to $244,800, and the national median hit $179,400. This suggests that Piscataquis County could offer more affordable housing options compared to broader markets, which may be attractive to investors and homebuyers looking for lower entry costs. However, with the county's values showing a recent sharp increase—from $119,800 in 2021 to $137,800 in 2022—there might be growing interest or changing market conditions that could push values higher in the near term.
Residential Energy Tax Credit Per Tax Return in Piscataquis County, ME Over the Last 8 Years
Residential energy tax credits in Piscataquis County, Maine have shown significant fluctuations over the past eight years, with notable increases. In 2013, the average credit per tax return was $325.00, growing to $742.86 by 2021. The most considerable jumps were seen after 2019, suggesting recent investments or policy changes emphasizing energy efficiency. This trend could be appealing to prospective homebuyers and investors looking at sustainable living benefits. For appraisers and insurance agents, the increased energy credits may indicate enhanced property values and lower risk profiles tied to energy-efficient homes.
Average Real Estate Taxes Per Tax Return in Piscataquis County, ME Over the Last 10 Years
Over the last decade, Piscataquis County, Maine has seen a noticeable upward trend in average real estate taxes per tax return, escalating from around $3,158 in 2012 to roughly $6,424 in 2021. This substantial increase could be a signal to potential investors and real estate agents about rising property values and increased demand in the region. Those currently living in or considering a move to Piscataquis County should be aware of these increasing tax obligations as it could reflect broader shifts in the local economy and property market. Appraisers and insurance agents might also find these trends useful for evaluating risk and property worth accurately.
Percentage of Farm Returns in Piscataquis County, ME Over the Last 10 Years
Farm tax returns in Piscataquis County, Maine, have shown slight fluctuations over the past decade, with percentages generally hovering around the 1.2% mark. The highest point was in 2014 at approximately 1.25%, while the most recent data from 2021 indicates a slight drop to around 0.99%. This data is crucial for those interested in the agricultural viability and property investment in the region, signaling relatively stable but modest agricultural activity.
Number of Mortgages by Occupancy Type in Piscataquis County, ME Over the Last 5 Years in Piscataquis County
In Piscataquis County, Maine, there appears to be a shifting dynamic in mortgage acquisitions based on occupancy types. Over the past five years, the number of mortgages for principal residences has seen fluctuations, peaking in 2020 with 744 and subsequently declining to 605 in 2022. Investment property mortgages have been relatively low, but notably increased from 13 in 2018 to 57 in 2021 before dropping back slightly. Meanwhile, second residences experienced a spike in 2020 with 312, followed by a decline to 163 in 2022. Such changes in occupancy can impact market demand and property values, influencing decisions for investors, new residents, real estate professionals, and insurers on where to focus their efforts and resources.
Economic Outlook
Piscataquis County in Maine has seen a substantial rise in average taxable income per tax return, growing from roughly $40,498.06 in 2013 to about $60,705.51 in 2021. This economic trend hints at higher local wages and increased purchasing power, likely raising property values and attracting investor interest. Additionally, the county's average state and local income taxes have spiked, climbing from approximately $6,138.39 in 2012 to $23,688.24 in 2021, possibly reflecting policy shifts or... Read more
Average Taxable Income per Tax Return in Piscataquis County, ME over the last 9 years
Over the last nine years, Piscataquis County in Maine has experienced a noteworthy increase in the average taxable income per tax return, growing from approximately $40,498.06 in 2013 to about $60,705.51 in 2021. This trend suggests economic growth and potentially rising wages, making the county an attractive area for investors, property builders, and real estate agents. With consistently higher incomes, residents might have increased purchasing power, influencing local markets and appraised property values. This pattern can also be of interest to insurance agents who might see changes in policy demands based on growing affluence.
Average State and Local Income Taxes Per Tax Return in Piscataquis County, ME Over the Last 10 Years
Over the past decade, Piscataquis County, Maine, has seen a significant increase in the average state and local income taxes per tax return. While starting around $6,138.39 in 2012, there was a noticeable spike in 2018 at $8,500.00, reaching a peak of $23,688.24 in 2021. These fluctuations might indicate changing economic conditions or policy shifts impacting tax burdens. For potential investors, property developers, or new residents, understanding these trends can provide insight into the evolving financial landscape of the county.
Average Total Tax Liability Per Tax Return in Piscataquis County, ME Over the Last 10 Years
Over the past decade, average total tax liability per tax return in Piscataquis County, Maine, has shown a notable increase, reflecting broader economic and fiscal changes in the region. While starting at roughly $5,477.16 in 2012, the liability dipped slightly in 2013 before gradually rising to $5,787.59 by 2017. Since then, more significant spikes occurred, with liabilities reaching $6,374.43 in 2019, $7,333.04 in 2020, and peaking at an estimated $9,292.61 in 2021. This trend suggests increased economic activity or valuation assessments impacting tax burdens, relevant for potential investors, appraisers, and residents considering fiscal capacity and economic growth within the county.
Cost of Living in Piscataquis County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,105 | $1,601 | $2,009 | $1,244 | $1,319 |
| 1 adult 4 children | $1,105 | $1,307 | $1,535 | $1,244 | $1,454 |
| 2 adults 3 children | $1,105 | $1,308 | $1,744 | $1,244 | $1,040 |
| 1 adult 3 children | $1,105 | $1,067 | $1,270 | $1,244 | $1,148 |
| 2 adults 2 children | $860 | $1,070 | $1,479 | $1,102 | $871 |
| 1 adult 2 children | $860 | $800 | $1,004 | $1,102 | $827 |
| 2 adults 1 child | $860 | $846 | $1,214 | $641 | $796 |
| 1 adult 1 child | $860 | $546 | $739 | $641 | $675 |
| 2 adults | $661 | $680 | $948 | $0 | $630 |
| 1 adult | $657 | $371 | $474 | $0 | $571 |
Safety trends & Data
Property crime trends in Piscataquis County, Maine, experienced fluctuations, with larceny-theft peaking at 28 incidents in 2020. Burglary incidents notably dropped to 3 in 2021 before rising to 8 in 2022, while vandalism spiked to 14 incidents in 2021. These crime trends could influence property values and insurance premiums, impacting the area's desirability and risk... Read more
Property Crime Trends in Piscataquis County, ME Over the Last 5 Years
Property crime trends in Piscataquis County, Maine, reveal some fluctuations over the past five years. Between 2018 and 2022, larceny-theft consistently emerged as the most reported crime, peaking at 28 incidents in 2020. Burglary numbers have varied, with a notable drop to 3 incidents in 2021 before rising again to 8 in 2022. Vandalism saw a sharp increase in 2020 and 2021, with the most significant spike reaching 14 incidents in 2021. Fraud cases generally trended downward, and motor vehicle theft remained relatively low but steady. No consistent trend is seen in forgery and counterfeiting, and stolen property incidences have mostly been minimal. These patterns matter for potential investors, residents, appraisers, and real estate agents as they directly impact property values and insurance premiums, potentially influencing the desirability and risk profile of the area.
Demographics
Piscataquis County, Maine, reflects a predominantly White population, with very small representation from other racial groups. The educational attainment shows that a significant portion of the population holds only a high school diploma, with relatively fewer residents achieving bachelor's or graduate degrees. Age distribution leans towards an older demographic, which could potentially impact local economic and social services. The gender distribution is fairly balanced, suggesting no... Read more
Race Distribution in Piscataquis County, Maine (2022)
Educational Attainment in Piscataquis County, Maine (2022)
Age Distribution in Piscataquis County, Maine
Citizen Population in Piscataquis County, Maine (2022)
Political Trends & Data
Piscataquis County, Maine, showed a noticeable Republican preference in the 2020 U.S. Presidential Election, with around 61.45% of votes for Republican candidates compared to 35.18% for Democrats. Libertarian and Green Party candidates captured roughly 1.73% and 0.60%, respectively, suggesting minimal influence from third parties. Votes for other parties made up just over 1%, reaffirming the county's strong leaning towards major political parties, especially the Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Piscataquis County, Maine, Republican candidates seemingly had a significant edge with around 61.45% of the vote in the 2020 U.S. Presidential Election, compared to 35.18% for Democrats. Libertarians and Green Party candidates garnered relatively minimal support, with around 1.73% and 0.60% of the vote, respectively. Votes for other parties constituted just over 1%, hinting that the county leans heavily towards the major parties, particularly the Republican Party.
61.45% of voters voted for the Republican party in the 2020 Presidential Election
35.18% of voters voted for the Democrat party in the 2020 Presidential Election
1.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.60% of voters voted for the Green party in the 2020 Presidential Election
1.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
Piscataquis County, Maine has seen a trend of decreasing student-to-teacher ratios over the last decade, dipping to about 10 students per teacher in 2021 before slightly rising to just over 11 in 2023. This trend suggests smaller class sizes compared to the national average of 14, which might lead to more individualized attention and potentially improved educational outcomes. Families and investors could find this appealing, as better educational settings can increase community allure and... Read more
Student-to-teacher ratio in Piscataquis County, Maine over the last 10 years
Over the last decade, Piscataquis County in Maine has generally seen a trend of decreasing student-to-teacher ratios, reaching a low of about 10 students per teacher in 2021 before slightly increasing again to just over 11 in 2023. This shift indicates smaller class sizes compared to the U.S. national average of 14 students per teacher, potentially leading to more individualized attention and improved educational outcomes. Investors and families considering relocation might find value in this trend, as improved educational settings can enhance community appeal and property values. Real estate agents and appraisers could leverage this data when highlighting the benefits of the area to prospective buyers, while insurance agents and builders might recognize an increased demand for residential properties as education quality improves.
