Hunterdon County Real Estate and Livability Trends
Hunterdon County, New Jersey has experienced a notable increase in average taxable income per tax return, growing from $113,316.17 in 2013 to $161,617.13 in 2021, which may indicate higher property values. Home values in this county have risen to a median of $478,600 in 2022, surpassing state and national medians, suggesting substantial market potential. Rising property taxes, now at $12,300.44... Read more
Hunterdon County Market Trends
Home values in Hunterdon County, New Jersey, have seen a sharp increase, reaching a median of $478,600 in 2022, outpacing both the state and national medians. This trend may signal a strong real estate market with considerable potential for returns. Despite fluctuations, the county has demonstrated significant interest in energy-efficient homes, spiking at $5909.09 in energy tax credits per... Read more
Median Value of Occupied Housing Units in Hunterdon County, New Jersey Over the Last 8 Years
Hunterdon County, New Jersey, has seen its median home values rise significantly over the past eight years, hitting $478,600 in 2022. This increase is much higher compared to New Jersey's state median of $401,400 and the national median of $179,400. For investors and home buyers, this trend might indicate a robust local real estate market, potentially offering better returns when compared to state and national levels. If you're considering building or investing in property, this county's consistent growth could be quite promising.
Residential Energy Tax Credit Per Tax Return in Hunterdon County, NJ Over the Last 9 Years
Hunterdon County, New Jersey has seen some notable fluctuations in average residential energy tax credits over the past nine years, with a dramatic spike in 2018 reaching $5909.09 per tax return. This suggests a significant investment in energy-efficient updates or renewable energy installations during that period. While there's a noticeable drop afterward, the averages still hover around $1000.00 to $1600.00, indicating ongoing interest and engagement with energy-saving initiatives. Investors, homeowners, and professionals in real estate and insurance might find these trends indicative of a community committed to sustainability and potentially lower long-term utility costs.
Average Real Estate Taxes Per Tax Return in Hunterdon County, NJ Over the Last 10 Years
Over the past decade, Hunterdon County, New Jersey, has seen a notable upward trend in average real estate taxes per tax return. Starting at approximately $9,622.56 in 2012, these taxes have escalated to around $12,300.44 by 2021. This consistent increase in property taxes could impact various stakeholders: investors might need to account for higher operational costs, potential homebuyers should anticipate greater tax expenses, and insurance agents may consider these trends when setting premiums. This steady rise might also influence real estate agents and appraisers in evaluating property values and advising clients.
Percentage of Farm Returns in Hunterdon County, NJ Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Hunterdon County, New Jersey, has shown a subtle but noticeable decline, starting at 2.25% in 2012 and dipping to 1.90% by 2021. Farm tax returns reflect the proportion of tax filings that include income from farming activities, offering insight into the agricultural sector’s economic role. This marginal decrease may hint at shifting economic dynamics, potentially signaling changes in land use, farming viability, or investment trends. For those looking to invest, move to, or build property in Hunterdon County, understanding these trends could be crucial for making informed decisions about the area's economic landscape and development potential.
Number of Mortgages by Occupancy Type in Hunterdon County, NJ Over the Last 5 Years in Hunterdon County
Hunterdon County, New Jersey has seen fluctuating mortgage activities over the past five years, particularly in principal residences which showed substantial variation with a notable drop from 11,717 in 2021 to 6,444 in 2022. Investment properties and second residences remain relatively stable but with less volume compared to principal residences. Shifts in occupancy types reflect broader economic or social trends, potentially impacting property values, investment opportunities, and local development. For investors, real estate agents, and appraisers, these fluctuations might suggest shifts in market demand and could influence decisions on where and what type of properties to buy, develop, or insure.
Economic Outlook
Hunterdon County, New Jersey has seen a steady rise in average taxable income per tax return, climbing from approximately $113,316.17 in 2013 to $161,617.13 in 2021. This suggests an influx of higher-income households and likely an increase in property values. The upward trend in state and local income taxes, which soared from $13,187.88 in 2017 to $24,802.46 in 2021, implies a more complex financial landscape for potential investors. Average total tax liability per tax return also rose... Read more
Average Taxable Income per Tax Return in Hunterdon County, NJ over the last 9 years
Hunterdon County, New Jersey has experienced a steady increase in average taxable income per tax return over the past decade, jumping from approximately $113,316.17 in 2013 to a notable $161,617.13 in 2021. This upward trend suggests that the county is becoming a more affluent area, potentially attracting higher-income households and increasing property values, which is relevant for real estate agents and property developers. Such economic growth also impacts insurance and appraisal values, making Hunterdon County a compelling area for investment and residential consideration. Real estate stakeholders might find these trends promising as they could indicate a strong economic environment and growing prosperity within the county.
Average State and Local Income Taxes Per Tax Return in Hunterdon County, NJ Over the Last 10 Years
Hunterdon County, New Jersey has seen a notable rise in average state and local income taxes per tax return over the past decade. In recent years, values jumped significantly from $13,187.88 in 2017 to a considerable high of $24,802.46 in 2021. This upward trend in tax expenses may have substantial implications for potential investors, real estate agents, and homebuilders, suggesting a need for careful financial planning when considering property investments or relocations in the area. Insurance agents and appraisers should also note these increasing tax figures, as they could impact property valuations and insurance costs.
Average Total Tax Liability Per Tax Return in Hunterdon County, NJ Over the Last 10 Years
Over the last decade, Hunterdon County, New Jersey has experienced an overall increase in average total tax liability per tax return, moving from approximately $23,795.17 in 2012 to about $34,442.42 in 2021. Notable spikes are seen from 2016 onwards, with a significant jump in 2021. This trend may influence investment decisions, property valuations, and potentially affect the overall desirability for both residents and real estate agents. The consistent rise in tax liabilities suggests an evolving tax landscape, requiring appraisers and insurance agents to stay informed for accurate assessments and coverage.
Cost of Living in Hunterdon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,137 | $1,641 | $1,790 | $3,047 | $2,424 |
| 1 adult 4 children | $2,137 | $1,340 | $1,359 | $3,047 | $2,486 |
| 2 adults 3 children | $2,137 | $1,340 | $1,558 | $3,047 | $2,174 |
| 1 adult 3 children | $2,137 | $1,094 | $1,127 | $3,047 | $2,281 |
| 2 adults 2 children | $1,756 | $1,097 | $1,326 | $2,638 | $1,739 |
| 1 adult 2 children | $1,756 | $820 | $895 | $2,638 | $1,818 |
| 2 adults 1 child | $1,756 | $867 | $1,094 | $1,308 | $1,229 |
| 1 adult 1 child | $1,756 | $560 | $663 | $1,308 | $1,183 |
| 2 adults | $1,388 | $697 | $862 | $0 | $821 |
| 1 adult | $1,224 | $380 | $431 | $0 | $699 |
Safety trends & Data
Hunterdon County, New Jersey has seen varied property crime trends, with larceny-theft remaining the most frequent, peaking at 78 instances in 2018. Burglary showed a significant rise in 2022, jumping to 17 cases from just 5 in 2021. Vandalism has been relatively stable, fluctuating between 13 to 26 incidents annually. Motor vehicle theft and fraud remain lower but occasional spikes suggest they still merit attention. These crime trends could be crucial for real estate investors, insurance... Read more
Property Crime Trends in Hunterdon County, NJ Over the Last 5 Years
Hunterdon County, New Jersey has shown slight fluctuations in various property crimes over the past five years. Larceny-theft consistently appears as the most prevalent issue, peaking in 2018 with 78 instances. Meanwhile, burglary rates saw a notable rise in 2022, increasing to 17 cases from a low of 5 in 2021. Vandalism has remained relatively stable with minor ups and downs, hovering between 13 to 26 incidents annually. Motor vehicle theft and fraud present lower yet concerning figures, with occasional increases in specific years. Overall, these trends highlight potential focal points for policy adjustments and community awareness, particularly for those invested in real estate, insurance evaluations, or property development in Hunterdon County.
Demographics
Hunterdon County, New Jersey, presents a balanced gender distribution with a slight female majority. The population leans heavily toward higher educational attainment, with many residents holding bachelor's or graduate degrees. The age distribution suggests a mature community, with significant portions in the 45-64 age range and a notable number of retirees. Racially, the county is predominantly White, with smaller representations from Black, Asian, and other racial groups. This demographic... Read more
Race Distribution in Hunterdon County, New Jersey (2022)
Educational Attainment in Hunterdon County, New Jersey (2022)
Age Distribution in Hunterdon County, New Jersey
Citizen Population in Hunterdon County, New Jersey (2022)
Political Trends & Data
Hunterdon County, New Jersey, saw Republican candidates in the 2020 U.S. Presidential Election slightly outpace Democrats, capturing just over 51% of the vote against Democrats' roughly 47%. Libertarian and Green Party candidates collectively held less than 2%, indicating limited third-party influence. This mild Republican edge hints at a conservative tilt among voters but maintains a competitive political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hunterdon County, New Jersey, Republican candidates appeared to marginally outpace their Democratic counterparts in the 2020 U.S. Presidential Election, garnering just over 51% of the vote compared to the Democrats' roughly 47%. Libertarian and Green Party candidates combined only managed to capture a bit less than 2% of the vote, reflecting limited traction for third parties within the county. This slight edge for Republicans may indicate a leaning towards conservative values among the electorate, though it remains relatively competitive.
51.23% of voters voted for the Republican party in the 2020 Presidential Election
46.84% of voters voted for the Democrat party in the 2020 Presidential Election
1.17% of voters voted for the Livertarian party in the 2020 Presidential Election
0.49% of voters voted for the Green party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hunterdon County, New Jersey's student-to-teacher ratio has consistently stayed below the national average of 14, hitting a low of 9 in several years. This suggests smaller class sizes, which might attract families focused on individualized education. For real estate agents and investors, this could be a strong selling point, potentially increasing property values. Appraisers might see higher home valuations in areas with better school stats, and insurance agents could factor this into risk... Read more
Student-to-teacher ratio in Hunterdon County, New Jersey over the last 10 years
Over the last decade, Hunterdon County, New Jersey's student-to-teacher ratio has consistently remained below the national average of fourteen, reaching a low of nine in several years. This trend suggests smaller class sizes, which might appeal to families prioritizing individualized attention in education. For real estate agents and investors, this could be a selling point, potentially increasing property values. Appraisers might see higher valuations for homes in areas with favorable school statistics, and insurance agents could consider these factors when assessing risk and setting premiums. Builders might be encouraged to develop new housing projects, anticipating demand from families seeking quality education environments.
