Sagadahoc County Real Estate and Livability Trends
Sagadahoc County, Maine's real estate market has been on an upswing, with median home values soaring from $189,300 in 2015 to $268,600 in 2022, signaling strong market dynamics. The rise in average taxable income and state and local taxes may reflect economic growth, potentially boosting property values. Additionally, a consistent drop in the student-to-teacher ratio could be enhancing... Read more
Sagadahoc County Market Trends
Sagadahoc County's median home values skyrocketed from $189,300 in 2015 to $268,600 in 2022, outpacing both state and national trends. This surge indicates a robust real estate market that could lure investors and homeowners eyeing significant returns. Average residential energy tax credits peaked at $3700.00 in 2018 before dropping, suggesting fluctuating interest in energy-efficient... Read more
Median Value of Occupied Housing Units in Sagadahoc County, Maine Over the Last 8 Years
Sagadahoc County's median home values surged from $189,300 in 2015 to $268,600 in 2022, showcasing a striking increase especially when compared to both state and national trends. Over the same period, Maine's median values moved from $173,800 to $244,800, while the U.S saw gradual climbs from $125,500 to $179,400. This dramatic growth in Sagadahoc County could attract investors and homeowners seeking areas with rising property values, indicating strong market health and potential returns.
Residential Energy Tax Credit Per Tax Return in Sagadahoc County, ME Over the Last 9 Years
Sagadahoc County, Maine has seen notable fluctuations in the average residential energy tax credit per tax return over the last nine years, peaking dramatically in 2018 at $3700.00. After this peak, there's been a significant drop with variations, suggesting increased investment in energy-efficient home improvements followed by a reassessment or reduction in such activities. For those considering investments or property development here, understanding these incentives could highlight the potential for future energy tax credit opportunities, impacting the overall cost-efficiency of energy-saving upgrades. Appraisers and real estate agents might find these trends useful to evaluate the appeal of properties with energy-efficient features.
Average Real Estate Taxes Per Tax Return in Sagadahoc County, ME Over the Last 10 Years
Sagadahoc County, Maine has seen a steady increase in average real estate taxes per tax return over the last decade, rising from $3,758.86 in 2012 to a peak of $6,022.69 in 2020 before a slight decrease to $5,886.36 in 2021. This trend could indicate growing property values, which may attract investors and home buyers seeking appreciation potential. However, it also suggests potentially higher costs for homeowners and may impact appraisals and insurance calculations. Real estate agents and developers might find this data useful for advising clients and strategizing future projects.
Percentage of Farm Returns in Sagadahoc County, ME Over the Last 10 Years
Sagadahoc County, Maine has seen fluctuating percentages of farm tax returns over the past decade, ranging roughly between 0.55% and 0.67%. This data could suggest varying levels of agricultural activity or profitability within the region. For investors or new residents, these trends might indicate the stability or volatility of local farming, potentially influencing decisions related to land use or agricultural investments. Farm tax returns typically reflect the income and expenses of farming activities, providing insight into the economic health of the agricultural sector in the area.
Number of Mortgages by Occupancy Type in Sagadahoc County, ME Over the Last 5 Years in Sagadahoc County
Sagadahoc County, nestled in Maine, has shown varied patterns in mortgage counts across different property types over the last five years. Principal residences have consistently dominated mortgage numbers, peaking notably in 2020 and dipping in 2022, which could suggest shifts in the housing market or economic conditions. Mortgages for second residences and investment properties have maintained relatively stable figures, yet their lower volumes compared to primary homes may impact appraisals, insurance considerations, and investment evaluations. These trends highlight a potentially higher demand for primary homes over investment or second homes, signaling market dynamics crucial for investors, real estate agents, and builders planning future projects.
Economic Outlook
Sagadahoc County, Maine has seen a notable rise in average taxable income per tax return, climbing from $54,596.55 in 2013 to $76,681.21 in 2021, suggesting economic growth and increasing household incomes. State and local income taxes per tax return have nearly doubled over the last decade, pushing from $5,855.07 in 2012 to $11,120.91 in 2021. The average total tax liability per tax return has also trended upward, especially between 2020 and 2021, rising from $7,433.14 in 2012 to $10,946.88 in... Read more
Average Taxable Income per Tax Return in Sagadahoc County, ME over the last 9 years
Over the past nine years in Sagadahoc County, Maine, the average taxable income per tax return has shown a steady increase from $54,596.55 in 2013 to $76,681.21 in 2021. This upward trend indicates potential economic growth and increasing household incomes, making it appealing for investors and real estate professionals. This growing income trend can also hint at rising property values and changing demographics, which might be of particular interest to appraisers and insurance agents calculating risk and premiums.
Average State and Local Income Taxes Per Tax Return in Sagadahoc County, ME Over the Last 10 Years
Average state and local income taxes per tax return in Sagadahoc County, Maine, have shown a noticeable upward trend over the last decade, rising from around $5,855.07 in 2012 to roughly $11,120.91 in 2021. This steady increase, especially the sharp rise between 2017 and 2018, might suggest a growing tax burden for residents, which could be due to various economic and policy shifts. For investors and prospective homeowners, understanding these tax trends can provide valuable insights into the long-term financial commitment required when considering relocating to or investing in Sagadahoc County.
Average Total Tax Liability Per Tax Return in Sagadahoc County, ME Over the Last 10 Years
Over the past decade, Sagadahoc County, Maine, has seen a noticeable upward trend in average total tax liability per tax return, rising from approximately $7,433.14 in 2012 to around $10,946.88 by 2021. A significant spike occurred between 2020 and 2021, which could indicate increased income levels or changes in tax policies. This could be of particular interest to potential investors and real estate agents, as it may reflect underlying economic growth and possibly higher property values. Appraisers and insurance agents might need to consider these financial shifts when evaluating properties or underwriting insurance in the area.
Cost of Living in Sagadahoc County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,688 | $1,814 | $1,817 | $1,567 | $1,758 |
| 1 adult 4 children | $1,688 | $1,481 | $1,396 | $1,567 | $1,917 |
| 2 adults 3 children | $1,688 | $1,482 | $1,573 | $1,567 | $1,443 |
| 1 adult 3 children | $1,688 | $1,210 | $1,152 | $1,567 | $1,622 |
| 2 adults 2 children | $1,236 | $1,213 | $1,330 | $1,409 | $1,095 |
| 1 adult 2 children | $1,236 | $906 | $909 | $1,409 | $1,160 |
| 2 adults 1 child | $1,236 | $959 | $1,086 | $897 | $1,002 |
| 1 adult 1 child | $1,236 | $619 | $665 | $897 | $916 |
| 2 adults | $1,016 | $770 | $842 | $0 | $756 |
| 1 adult | $826 | $420 | $421 | $0 | $616 |
Safety trends & Data
Sagadahoc County, Maine has seen a shift in property crime trends over the past five years. Larceny-theft peaked at 53 incidents in 2018 but dropped to 35 in 2021, while burglary has decreased significantly to just 2 incidents by 2021. Vandalism remains relatively stable with 13 to 18 incidents annually. Motor vehicle thefts and fraud are notably low, highlighting specific areas of reduced risk. These crime trends provide valuable context for investors and residents, revealing a dynamic yet... Read more
Property Crime Trends in Sagadahoc County, ME Over the Last 5 Years
Sagadahoc County, Maine has experienced fluctuating property crime rates over the past five years, with larceny-theft consistently being the most prevalent offense, peaking at 53 incidents in 2018 and hitting a low of 35 in 2021. Burglary occurrences have generally declined, seeing just 2 incidents by 2021. Vandalism shows some variability but has remained relatively steady with values ranging from 13 to 18. Interestingly, motor vehicle thefts and fraud incidents are low, suggesting areas of lower risk for these specific crimes. This dynamic landscape of crime rates offers potential insights for investors, real estate agents, and residents, indicating areas of relative safety and concern.
Demographics
Sagadahoc County, Maine's adult population leans slightly female, with women making up just over 50% of the demographic split. A significant portion of the population holds a high school diploma, though a notable number have pursued higher education, with around 4,547 residents holding graduate or professional degrees. The age distribution suggests a mature population, with a higher number of residents in the 55-64 and 65-74 age brackets. Racially, the county is predominantly White, with... Read more
Race Distribution in Sagadahoc County, Maine (2022)
Educational Attainment in Sagadahoc County, Maine (2022)
Age Distribution in Sagadahoc County, Maine
Citizen Population in Sagadahoc County, Maine (2022)
Political Trends & Data
Sagadahoc County, Maine, leans towards the Democratic party, hinting at a shift or reinforcement of local political trends. Republicans also drew significant support, but Democrats led the tally. Minimal yet existing support for third parties like the Libertarian and Green parties suggests diverse political interests within the predominantly two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sagadahoc County, Maine, displayed a notable leaning towards the Democratic party, which possibly indicates a shift or reinforcement of political trends in the area. Although Republicans also garnered significant support, their numbers were lesser when compared to Democrats. The presence of third parties like the Libertarian and Green parties was minimal but still contributed to the overall political landscape, potentially reflecting diverse political interests even within a predominantly two-party system.
40.18% of voters voted for the Republican party in the 2020 Presidential Election
55.72% of voters voted for the Democrat party in the 2020 Presidential Election
1.95% 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
1.13% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sagadahoc County, Maine has experienced a consistent drop in its student-to-teacher ratio, from about twelve students per teacher in 2014 to fewer than ten in 2023, potentially enhancing educational outcomes due to smaller class sizes. Compared to the national average of fourteen students per teacher, this trend might suggest a higher quality of education, possibly boosting property values and making the area more appealing to residents. Real estate agents and investors might view this as an... Read more
Student-to-teacher ratio in Sagadahoc County, Maine over the last 10 years
Sagadahoc County, Maine has seen a steady decrease in its student-to-teacher ratio over the past decade, dropping from around twelve students per teacher in 2014 to under ten in 2023. This trend suggests smaller class sizes which could imply improved individual attention for students, potentially increasing educational outcomes. For investors, real estate agents, and those considering moving to the area, these ratios could signal a commitment to education quality, making the locale more attractive. Compared to the national average of fourteen students per teacher, Sagadahoc County's lower ratios may reflect positively on local school systems and influence property values and desirability. Additionally, appraisers and insurance agents might see value implications tied to the likely perception of quality education in the community.
