Hillsborough County Real Estate and Livability Trends
Hillsborough County, New Hampshire has experienced substantial economic growth, reflected in the rise of average taxable income per tax return from $67,997.78 in 2013 to $112,588.57 in 2021. This economic upturn might be driving up real estate demand, as evidenced by median home values jumping from $245,700 in 2015 to $356,200 in 2022. Concurrently, average state and local income taxes and real... Read more
Hillsborough County Market Trends
Median home values in Hillsborough County, New Hampshire have surged from $245,700 in 2015 to $356,200 in 2022, consistently outpacing state and national trends. Over the past nine years, the average residential energy tax credit per tax return has fluctuated significantly, peaking at $3,632.26 in 2018 before dropping to $1,082.30 in 2021, likely reflecting changes in energy policies and... Read more
Median Value of Occupied Housing Units in Hillsborough County, New Hampshire Over the Last 8 Years
Median home values in Hillsborough County, New Hampshire have shown robust growth over the last eight years, surging from $245,700 in 2015 to $356,200 in 2022. This county's market has consistently outpaced both the state of New Hampshire and national figures, where the median values increased from $237,300 to $337,100 and $125,500 to $179,400, respectively, during the same period. Such a trend suggests a healthy demand for housing in Hillsborough County, potentially making it a compelling option for investors or those planning to move to the area.
Residential Energy Tax Credit Per Tax Return in Hillsborough County, NH Over the Last 9 Years
Over the last nine years in Hillsborough County, New Hampshire, the average residential energy tax credit per tax return has experienced significant fluctuations. While it started at $308.02 in 2013, it saw a substantial peak at $3,632.26 in 2018, before tapering down to $1,082.30 by 2021. This volatility could reflect changes in energy policies, incentives for energy-efficient home improvements, or shifts in taxpayer behavior. For investors and property developers, this trend might indicate varying levels of homeowner investment in energy efficiency, potentially affecting the value and marketability of properties. Real estate agents and appraisers may want to consider how these credits impact perceived property value and attractiveness in the area.
Average Real Estate Taxes Per Tax Return in Hillsborough County, NH Over the Last 10 Years
Hillsborough County, New Hampshire has seen a notable increase in average real estate taxes per tax return over the past decade, growing from approximately $6,524.78 in 2012 to about $9,103.63 in 2021. This consistent rise, particularly the sharp jump between 2017 and 2018, which saw an increase of about $1,256.42, may signal escalating property values or significant adjustments in local tax policies. These trends suggest potential implications for prospective investors, homeowners, and real estate professionals, as the rising tax rates might impact affordability and ROI calculations.
Percentage of Farm Returns in Hillsborough County, NH Over the Last 10 Years
Hillsborough County, New Hampshire has seen varying trends in the percentage of farm tax returns over the last decade, starting at approximately 1.59% in 2012, dipping to about 1.36% in 2020, and slightly rising again to roughly 1.39% by 2021. Farm tax returns represent the proportion of farms that filed returns, indicative of economic activity in agriculture within the county. These fluctuations might suggest shifts in the local agricultural economy that could impact decisions on investing, moving, or building property there, highlighting the region's changing dynamics in farm-related economic contributions.
Number of Mortgages by Occupancy Type in Hillsborough County, NH Over the Last 5 Years in Hillsborough County
In Hillsborough County, New Hampshire, the number of mortgages for principal residences has shown significant fluctuations over the past five years, peaking in 2021. Investment properties also saw an uptick, particularly in 2021. The mortgage counts for second residences have remained relatively stable but notably lower. These changes in occupancy type can affect market dynamics in various ways. For investors, an increase in mortgage counts for investment properties might signal a supportive climate for rental markets. Real estate agents and appraisers may find the trends useful for predicting client needs and setting property values. Insurance agents and those considering moving to the area might notice that a higher volume of principal residence mortgages typically correlates with increased demand and possibly higher premiums due to higher property values. For developers and those looking to build, understanding these trends could help in identifying the most promising segments of the housing market to target.
Economic Outlook
Hillsborough County, New Hampshire has seen a substantial rise in average taxable income per tax return from $67,997.78 in 2013 to $112,588.57 in 2021, indicating economic resilience and growing affluence. This income growth, coupled with a notable increase in average state and local income taxes—from $4,683.29 in 2012 to $8,443.18 in 2021—could suggest stronger local spending power and heightened property demand. Additionally, the average total tax liability per tax return has surged,... Read more
Average Taxable Income per Tax Return in Hillsborough County, NH over the last 9 years
Over the past nine years, Hillsborough County, New Hampshire, has experienced a notable increase in average taxable income per tax return, rising from $67,997.78 in 2013 to $112,588.57 in 2021. This steady growth, particularly the significant jump in 2021, may suggest economic resilience and increasing affluence in the area. It is potentially of interest to investors, real estate professionals, and anyone considering relocating to or working within the region. As incomes rise, it could signal stronger local spending power and potentially higher property demands.
Average State and Local Income Taxes Per Tax Return in Hillsborough County, NH Over the Last 10 Years
Over the past decade in Hillsborough County, New Hampshire, average state and local income taxes per tax return have significantly increased from $4,683.29 in 2012 to $8,443.18 in 2021. This steady rise might indicate higher income levels or changes in tax policies, which could be relevant for potential investors, residents, and professionals in the real estate or financial sectors. The peak in 2021 may reflect broader economic factors impacting tax burdens, making it essential for appraisers and insurance agents to consider these trends when working in the area.
Average Total Tax Liability Per Tax Return in Hillsborough County, NH Over the Last 10 Years
Hillsborough County, New Hampshire has seen a general increase in average total tax liability per tax return over the last decade, with a particularly steep rise from 2020 to 2021, jumping from $15,468.36 to $22,640.47. This upward trend may imply escalating property values, rising incomes, and possibly higher state and local taxes, all signaling strong economic activity. This information is particularly relevant for investors, real estate agents, and prospective homeowners as it underscores the potential for robust financial returns but also higher costs entered into the local market.
Cost of Living in Hillsborough County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,145 | $1,637 | $1,465 | $2,347 | $1,551 |
| 1 adult 4 children | $2,145 | $1,337 | $1,124 | $2,347 | $1,746 |
| 2 adults 3 children | $2,145 | $1,337 | $1,269 | $2,347 | $1,336 |
| 1 adult 3 children | $2,145 | $1,092 | $928 | $2,347 | $1,539 |
| 2 adults 2 children | $1,706 | $1,095 | $1,073 | $2,038 | $1,059 |
| 1 adult 2 children | $1,706 | $818 | $732 | $2,038 | $1,150 |
| 2 adults 1 child | $1,706 | $865 | $877 | $1,036 | $868 |
| 1 adult 1 child | $1,706 | $559 | $537 | $1,036 | $836 |
| 2 adults | $1,301 | $695 | $682 | $0 | $643 |
| 1 adult | $1,160 | $379 | $341 | $0 | $552 |
Safety trends & Data
Over the past five years, Hillsborough County, New Hampshire, has seen a notable decline in property crimes like larceny-theft, which dropped from 897.00 reported cases in 2018 to 421.00 in 2022, and burglary incidents, which fell from 115.00 to 70.00 in the same period. This trend might be encouraging for investors and property developers, signaling a potentially safer environment. However, vandalism cases have remained fairly steady with only slight variations, indicating that ongoing... Read more
Property Crime Trends in Hillsborough County, NH Over the Last 5 Years
Hillsborough County, New Hampshire, has experienced a noticeable decline in certain property crimes over the past five years, particularly in larceny-theft, which dropped from 897.00 reported cases in 2018 to 421.00 in 2022. Burglary incidents also saw a significant reduction, from 115.00 in 2018 to 70.00 in 2022. This trend could be promising for potential investors and property developers, indicating a potentially safer environment. However, vandalism cases seem to hover steadily with only slight variations, suggesting the need for continued community vigilance. These trends hold significant relevance for real estate agents, appraisers, insurance agents, and prospective residents looking for a secure living environment.
Demographics
Hillsborough County, New Hampshire, presents an interesting demographic profile. The population is almost evenly split between males and females, reflecting gender parity. Educational attainment data suggests a concentration of people with high school diplomas and bachelor's degrees, highlighting an overall well-educated populace. Age distribution indicates a larger segment of residents in their prime working years, specifically 25 to 54 years old, which could imply a dynamically employed... Read more
Race Distribution in Hillsborough County, New Hampshire (2022)
Educational Attainment in Hillsborough County, New Hampshire (2022)
Age Distribution in Hillsborough County, New Hampshire
Citizen Population in Hillsborough County, New Hampshire (2022)
Political Trends & Data
Hillsborough County, New Hampshire shows an intriguing political shift with Democrats possibly gaining ground by securing about 53% of the 2020 U.S. Presidential Election votes compared to Republicans' 45%. Although the Libertarian party had over 1%, it's a modest but telling change in a region that may usually exhibit more balanced political dynamics. This trend could influence local policies and, eventually, the county's real estate market, as political climates often correlate with shifts in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hillsborough County, New Hampshire, the 2020 U.S. Presidential Election saw Democrats potentially gaining an edge with approximately 53% of the votes, while Republicans captured around 45%. The Libertarian party, while minor, still made a slight impact with just over 1% of the vote. This distribution hints at a modest Democratic lean in an area that might traditionally have more balanced political dynamics.
45.30% of voters voted for the Republican party in the 2020 Presidential Election
52.98% of voters voted for the Democrat party in the 2020 Presidential Election
1.72% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Hillsborough County, New Hampshire has seen its student-to-teacher ratio decline from 14 students per teacher in 2014 to around 12 in 2023. This trend of smaller class sizes could attract families seeking schools with more individualized attention for their children. For real estate agents, this can be a key selling point, while insurers and appraisers might view these trends as indicators of district investments and community values. These patterns might also influence property developers and... Read more
Student-to-teacher ratio in Hillsborough County, New Hampshire over the last 10 years
Over the past decade, the student-to-teacher ratio in Hillsborough County, New Hampshire has seen a gradual decline, dropping from 14 students per teacher in 2014 to around 12 in 2023. This trend suggests smaller class sizes, which may attract families seeking more individualized attention for their children. For real estate agents, this can be a selling point when highlighting local school quality. Insurers and appraisers might consider these trends as potential indicators of district investments and community values. These patterns can also influence property developers and investors to weigh educational benefits when making decisions about the area. Notably, Hillsborough County's ratio has consistently dipped below the national average of 14, making it potentially more appealing for those prioritizing education.
