Middlesex County Real Estate and Livability Trends
Middlesex County, New Jersey is seeing consistent economic growth marked by a rise in average taxable income per tax return, climbing from $71,629.77 in 2013 to $99,608.87 in 2021. Median home values have also surged, hitting $411,900 in 2022, outpacing both the state and national averages. However, this economic growth comes with rising taxes; average state and local income taxes have nearly... Read more
Middlesex County Market Trends
Middlesex County, New Jersey, has experienced a consistent rise in median home values, reaching $411,900 in 2022, outpacing the state average of $401,400 and the national median of $179,400. This highlights an attractive market for investors seeking potentially higher returns. Real estate taxes have steadily increased, peaking at $10,547.63 in 2021, indicating higher property values and potential... Read more
Median Value of Occupied Housing Units in Middlesex County, New Jersey Over the Last 8 Years
Middlesex County, New Jersey has seen a steady increase in median home values over the last eight years, culminating in $411,900 in 2022. This local trend is slightly ahead of the state of New Jersey, which hit $401,400 in the same year. Comparing this to the national median of $179,400 for 2022 highlights a premium on properties in Middlesex County, which could be enticing for investors looking for potentially higher returns in a sought-after market.
Residential Energy Tax Credit Per Tax Return in Middlesex County, NJ Over the Last 9 Years
Middlesex County, New Jersey, has seen significant fluctuations in the average residential energy tax credit per tax return over the last nine years. It started at $370.28 in 2013 and peaked dramatically at $4060.27 in 2018 before stabilizing around the $1400-$1700 range between 2019 and 2021. Such volatility might reflect varying investments in residential energy improvements or shifts in tax policy. For investors, real estate agents, and potential homeowners, this trend hints at a potentially strong commitment to energy efficiency, which could influence property values and future tax incentives.
Average Real Estate Taxes Per Tax Return in Middlesex County, NJ Over the Last 10 Years
For those with an eye on Middlesex County, New Jersey, you'd notice that average real estate taxes per tax return have been on a steady climb over the last decade, peaking at $10,547.63 in 2021. This rise, notably sharp between 2016 and 2019, suggests potential buyers and investors may need to budget for progressively higher property tax expenses. However, such trends could also indicate the area’s increasing property value, which is something appraisers and insurance agents will likely take into account. Moreover, real estate agents and developers might find this data valuable when advising clients about long-term cost implications and investment potential in the region.
Percentage of Farm Returns in Middlesex County, NJ Over the Last 10 Years
Farm tax returns in Middlesex County, New Jersey have seen a slight but general decline over the last decade. In 2012, the percentage of farm returns stood at around 0.066%, dropping gradually to approximately 0.048% by 2021. While there are minor fluctuations in the data, the overall trend suggests a subtle decrease in farm-related tax filings. For potential investors or those considering building property, this trend could indicate shifting land use away from agriculture, possibly favoring residential or commercial development. Farm tax returns often reflect the agricultural activity and land use, making these trends a crucial indicator for predicting future development opportunities in the area.
Number of Mortgages by Occupancy Type in Middlesex County, NJ Over the Last 5 Years in Middlesex County
In Middlesex County, New Jersey, mortgage counts for principal residences have consistently outnumbered those for investment and second properties over the last five years, peaking in 2021. The substantial volume of mortgages for principal residences suggests a stable and possibly growing demand for primary living spaces. Meanwhile, investment property mortgages showed a spike in 2021 but generally hovered around 2,000 to 3,500 annually, indicating interest in this market segment. Second residence mortgages remained low, hinting at lesser demand for vacation or secondary homes. These shifts in occupancy type can signal significant implications for potential investors, property developers, and realtors by highlighting market demand areas. For appraisers and insurance agents, these trends provide insights into shifts in homeowner priorities and the allocation of risk over different property types.
Economic Outlook
Middlesex County, New Jersey has seen a consistent rise in average taxable income per tax return over the past nine years, jumping from $71,629.77 in 2013 to $99,608.87 in 2021. This trend could indicate economic growth and potentially higher living standards. Meanwhile, average state and local income taxes per tax return have nearly doubled from $6,885.27 in 2012 to $14,508.43 in 2021, hinting at increasing property values or rising incomes. For real estate stakeholders, these trends suggest a... Read more
Average Taxable Income per Tax Return in Middlesex County, NJ over the last 9 years
Over the past nine years, Middlesex County, New Jersey has experienced a consistent increase in average taxable income per tax return. Starting at $71,629.77 in 2013 and rising to $99,608.87 in 2021, this upward trend suggests economic growth and potentially higher living standards. For real estate agents, appraisers, and investors, these figures could indicate a robust housing market, while for insurance agents and those looking to migrate, the data may imply rising affluence and possibly increased demand for high-value properties.
Average State and Local Income Taxes Per Tax Return in Middlesex County, NJ Over the Last 10 Years
Income taxes in Middlesex County, New Jersey, have shown a notable upward trend over the past decade, with average state and local income taxes per tax return jumping from approximately $6,885.27 in 2012 to around $14,508.43 in 2021. This doubling in tax burden may be seen as reflective of broader economic trends, increasing property values, or rising incomes in the area. For potential homeowners, real estate investors, or those considering moving to the county, this increasing tax trend might be an essential factor to consider when evaluating overall cost of living and financial planning.
Average Total Tax Liability Per Tax Return in Middlesex County, NJ Over the Last 10 Years
Middlesex County, New Jersey has seen a steady increase in average total tax liability per tax return over the past decade, jumping from $12,086.80 in 2012 to $17,518.31 in 2021. A notable spike occurred between 2015 and 2017, with tax liabilities increasing by over $1,200 in a single year between 2016 and 2017. Such trends could signal rising property values and potentially higher income levels, which might interest real estate investors and agents. Appraisers and insurance agents may also find these trends useful for valuation and premium calculations, respectively.
Cost of Living in Middlesex County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,309 | $1,548 | $1,790 | $2,676 | $2,236 |
| 1 adult 4 children | $2,309 | $1,264 | $1,359 | $2,676 | $2,319 |
| 2 adults 3 children | $2,309 | $1,265 | $1,558 | $2,676 | $1,981 |
| 1 adult 3 children | $2,309 | $1,033 | $1,127 | $2,676 | $2,121 |
| 2 adults 2 children | $1,897 | $1,035 | $1,326 | $2,307 | $1,560 |
| 1 adult 2 children | $1,897 | $773 | $895 | $2,307 | $1,648 |
| 2 adults 1 child | $1,897 | $818 | $1,094 | $1,110 | $1,142 |
| 1 adult 1 child | $1,897 | $529 | $663 | $1,110 | $1,090 |
| 2 adults | $1,499 | $657 | $862 | $0 | $803 |
| 1 adult | $1,322 | $359 | $431 | $0 | $686 |
Safety trends & Data
Middlesex County, New Jersey has experienced notable fluctuations in property crime over the past five years, with larceny-theft being the most common. There's been a consistent decrease in burglary cases from 2018 to 2021, although a slight uptick was seen in 2022. Interestingly, arson cases spiked in 2022 despite low numbers in prior years. These crime trends could influence insurance premiums, investment decisions, and property valuations, highlighting the importance for stakeholders to stay... Read more
Property Crime Trends in Middlesex County, NJ Over the Last 5 Years
Middlesex County, New Jersey has seen notable fluctuations in various types of property crimes over the last five years. Larceny-theft consistently tops the list, though there's a notable drop in such incidents in 2020, likely due to pandemic-related restrictions. There's also been a steady decrease in burglary cases from 2018 to 2021, with a slight uptick in 2022. On the other hand, arson cases spiked in 2022 despite being relatively low in the preceding years. These trends might influence insurance premiums, investment decisions, and property valuations, making it important for stakeholders to stay updated on these dynamics.
Demographics
Middlesex County, New Jersey displays a nearly balanced gender distribution with slightly more females than males. Educational attainment reveals a significant proportion of the population with at least a high school diploma, and a sizable number completing higher education, particularly bachelor's and graduate degrees. The age distribution emphasizes a substantial share of residents in the working-age groups, notably between 35 to 44 years old. The racial composition shows a diverse community,... Read more
Race Distribution in Middlesex County, New Jersey (2022)
Educational Attainment in Middlesex County, New Jersey (2022)
Age Distribution in Middlesex County, New Jersey
Citizen Population in Middlesex County, New Jersey (2022)
Political Trends & Data
Middlesex County, New Jersey, experienced a significant preference for the Democratic Party in the 2020 U.S. Presidential Election, with about 60 percent of voters choosing the Democratic candidate. This democratic tilt could signal a trend toward more liberal local policies, impacting aspects like community development and real estate regulations. Conversely, the Republican candidate received around 38 percent of the vote, and third parties saw minimal support, collectively securing less than... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Middlesex County, New Jersey, saw a substantial lean towards the Democratic Party in the 2020 U.S. Presidential Election, possibly indicating a trend towards more liberal policies and governance in the area. Approximately 60 percent of the votes went to the Democratic candidate, whereas the Republican candidate garnered around 38 percent. Minor parties like the Libertarian and Green parties combined received less than 1 percent of the vote, suggesting minimal local support for third-party candidates in this election cycle.
38.32% of voters voted for the Republican party in the 2020 Presidential Election
60.44% of voters voted for the Democrat party in the 2020 Presidential Election
0.68% of voters voted for the Livertarian party in the 2020 Presidential Election
0.33% of voters voted for the Green party in the 2020 Presidential Election
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Middlesex County, New Jersey, the student-to-teacher ratio has gradually dropped from 13 students per teacher in 2014 to just over 11 in 2023. This trend, well below the national average of 14, might boost property appeal for families prioritizing education quality. Lower ratios often suggest smaller class sizes, a key factor for investors and real estate agents, potentially raising property values and attracting more buyers and educational professionals to the area. This shift could also... Read more
Student-to-teacher ratio in Middlesex County, New Jersey over the last 10 years
The student-to-teacher ratio in Middlesex County, New Jersey, has experienced a gradual decline over the past decade, dropping from 13 students per teacher in 2014 to just over 11 in 2023. This is notably lower than the national average of 14 students per teacher. Such a trend could signal smaller class sizes, which may be attractive to families considering a move to the area and could elevate property values. For investors, appraisers, and real estate agents, a lower student-to-teacher ratio may enhance the perception of the local education system, potentially making properties more desirable. Smaller class sizes can also appeal to educational professionals and influence decisions on school funding and development projects.
