Warren County Real Estate and Livability Trends
Warren County, New Jersey, has seen a rise in average taxable income from $66,164.79 in 2013 to $84,457.06 in 2021, potentially hinting at economic growth and higher property values. Median home values have increased from $255,300 in 2015 to $302,300 in 2022, making it a relatively affordable market within New Jersey. A steady decline in student-to-teacher ratios, now just over ten students per... Read more
Warren County Market Trends
Warren County, New Jersey has experienced an uptick in median home values from $255,300 in 2015 to $302,300 in 2022, albeit slower than the state-wide growth. While home values in New Jersey jumped from $315,900 to $401,400, Warren County still presents a more affordable option with aligned market dynamics. Residential energy tax credits in the county peaked at $3,613.33 in 2018, reflecting... Read more
Median Value of Occupied Housing Units in Warren County, New Jersey Over the Last 8 Years
Warren County, New Jersey has seen a significant uptick in median home values over the last eight years, jumping from $255,300 in 2015 to $302,300 in 2022. This rate of growth is generally slower compared to the overall state trend where median home values rose from $315,900 to $401,400 over the same period. However, both Warren County and New Jersey have both witnessed faster appreciation compared to the national median, which climbed from $125,500 in 2015 to $179,400 by 2022. This could imply that while Warren County offers relatively lower home prices than the New Jersey average, its growth is aligning with broader state and market dynamics.
Residential Energy Tax Credit Per Tax Return in Warren County, NJ Over the Last 9 Years
Warren County, New Jersey, has seen a significant fluctuation in average residential energy tax credits per tax return over the past nine years, peaking notably in 2018 at $3,613.33. Such variation may reflect changes in energy-efficient home investments or available state and federal incentives. This volatility can interest investors and homeowners considering energy-efficient renovations or new builds, as larger credits could mitigate initial costs. Insurance agents and appraisers might also consider these trends in property evaluations, while real estate agents could highlight potential savings to prospective buyers.
Average Real Estate Taxes Per Tax Return in Warren County, NJ Over the Last 10 Years
Over the past decade, Warren County, New Jersey has consistently seen an upward trend in average real estate taxes, increasing from $7,224.67 in 2012 to $8,850.94 in 2021. This gradual rise may be a key consideration for potential investors, appraisers, and real estate agents evaluating the area's tax burden. Such data could indicate higher costs of living and insurance premiums, influencing decisions for those planning to move or build property in the region.
Percentage of Farm Returns in Warren County, NJ Over the Last 10 Years
Over the last decade, Warren County, New Jersey, has seen a gradual decline in the percentage of farm tax returns, starting at 1.70% in 2012 and decreasing to 1.55% by 2021. Farm tax returns represent the filings from agricultural operations claiming farm status on income taxes. This trend might indicate shifting economic dynamics or evolving land use in the area, potentially valuable for investors or individuals keen on the long-term viability and development of agricultural sectors in the county.
Number of Mortgages by Occupancy Type in Warren County, NJ Over the Last 5 Years in Warren County
Over the past five years, Warren County, New Jersey has seen the highest mortgage activity for principal residences, peaking at 9,069 in 2021. Investment property mortgages have shown a steadier trend, with modest increases and a peak at 416 in 2021. Second residences have consistently remained low, indicating limited demand for this type of housing. These shifts in occupancy type suggest varying investor interest and homeowner confidence, useful for tailoring investment strategies, real estate valuation, and insurance risk assessments. For those looking to build or invest, understanding these trends could provide insights into market demand and potential opportunities or risks.
Economic Outlook
Warren County, New Jersey has experienced steady growth in average taxable income, climbing from $66,164.79 in 2013 to $84,457.06 in 2021, which might indicate increasing economic vitality and higher property values. Average state and local income taxes have also risen from $5,306.70 in 2012 to $8,503.68 in 2021, hinting at a higher cost of living or increased local incomes. Total tax liabilities have generally increased too, peaking at $12,977.64 in 2021. This economic context may attract... Read more
Average Taxable Income per Tax Return in Warren County, NJ over the last 9 years
Warren County, New Jersey has seen a steady rise in the average taxable income per tax return over the past nine years, from around $66,164.79 in 2013 to approximately $84,457.06 in 2021. This upward trend may suggest increasing economic vitality and potentially higher property values, making it an attractive consideration for investors and real estate agents. The consistency of this growth could imply a relatively stable economic environment, a factor that appraisers and insurance agents might find relevant when assessing property values and risks. This consistent increase in income might also appeal to new residents looking for regions with positive economic indicators.
Average State and Local Income Taxes Per Tax Return in Warren County, NJ Over the Last 10 Years
Average state and local income taxes per tax return in Warren County, New Jersey have seen a notable upward trend over the past decade. Starting at $5,306.70 in 2012, they have climbed steadily to reach $8,503.68 in 2021. This increase could suggest a higher cost of living or increased incomes in the area. For potential investors and real estate agents, this trend might imply a growing economic base and possibly an attractive market for new developments. Appraisers and insurance agents would want to consider this trend as an indicator of the economic growth and financial health of residents.
Average Total Tax Liability Per Tax Return in Warren County, NJ Over the Last 10 Years
Warren County, New Jersey has generally seen an upward trend in average total tax liability per tax return over the past decade, with only a slight dip in 2016. Notably, there was a significant increase in 2021, where the average liability jumped to $12,977.64. These fluctuations can affect decisions for potential investors, developers, real estate agents, and residents, providing a financial landscape that underscores the importance of tax implications in long-term planning and property appraisals.
Cost of Living in Warren County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,897 | $1,580 | $1,790 | $2,224 | $1,917 |
| 1 adult 4 children | $1,897 | $1,291 | $1,359 | $2,224 | $2,033 |
| 2 adults 3 children | $1,897 | $1,291 | $1,558 | $2,224 | $1,652 |
| 1 adult 3 children | $1,897 | $1,054 | $1,127 | $2,224 | $1,793 |
| 2 adults 2 children | $1,530 | $1,057 | $1,326 | $1,955 | $1,308 |
| 1 adult 2 children | $1,530 | $789 | $895 | $1,955 | $1,335 |
| 2 adults 1 child | $1,530 | $835 | $1,094 | $1,081 | $1,034 |
| 1 adult 1 child | $1,530 | $540 | $663 | $1,081 | $959 |
| 2 adults | $1,268 | $671 | $862 | $0 | $763 |
| 1 adult | $1,147 | $366 | $431 | $0 | $652 |
Safety trends & Data
Warren County, New Jersey, has seen varying property crime trends over the past five years. Arson incidents spiked significantly in 2021, though overall numbers stay low. Burglary cases peaked at 29 in 2018 but have since stabilized around 11 to 13 annually. Larceny-theft, the most common crime, declined from 221 in 2019 to 144 in 2022. Vandalism incidents have stayed fairly constant, around the mid-40s. There have been occasional spikes in motor vehicle theft, fraud, and embezzlement, but... Read more
Property Crime Trends in Warren County, NJ Over the Last 5 Years
Warren County, New Jersey, has seen varying trends in property crimes over the last five years, with notable fluctuations in different categories. Arson incidents increased significantly in 2021, though overall numbers remain low. Burglary cases appear to have fluctuated, peaking at 29 in 2018 but stabilizing around 11 to 13 annually thereafter. Larceny-theft, consistently the highest incidence type, declined from 221 cases in 2019 to 144 in 2022. Meanwhile, vandalism incidents have remained relatively steady, hovering around the mid-40s. There were some occasional spikes in motor vehicle theft, fraud, and embezzlement, but these categories showed fewer occurrences overall. This data provides valuable insights for real estate professionals, investors, and policymakers aiming to understand community safety and potential property risks.
Demographics
Warren County, New Jersey reveals a balanced gender distribution, with slightly more women than men. The population is predominantly White, with smaller Black or African American and Asian communities. Educationally, a significant portion of adults have high school diplomas, bachelor's degrees, or some college education—suggesting a moderate level of educational attainment overall. The age distribution is skewed towards middle age, with relatively fewer young children and people over 75,... Read more
Race Distribution in Warren County, New Jersey (2022)
Educational Attainment in Warren County, New Jersey (2022)
Age Distribution in Warren County, New Jersey
Citizen Population in Warren County, New Jersey (2022)
Political Trends & Data
In Warren County, New Jersey, the 2020 U.S. Presidential election results suggest a strong Republican preference with around 57% of the vote compared to approximately 41% for Democrats. This contrasts with the broader state trends, indicating a more conservative tilt in this part of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Warren County, New Jersey, the 2020 U.S. Presidential election results leaned towards the Republican party, which possibly garnered around 57% of the vote. Democrats may have secured approximately 41%, while minor parties like the Libertarian and Green parties captured only a small fragment, just over 1% combined. These numbers suggest a significant preference for Republican candidates in this area, compared to the state-wide trends which are often more varied in political leanings.
57.20% of voters voted for the Republican party in the 2020 Presidential Election
40.96% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% of voters voted for the Livertarian party in the 2020 Presidential Election
0.43% of voters voted for the Green party in the 2020 Presidential Election
0.33% of voters voted for the Other party in the 2020 Presidential Election
School Data
Warren County, New Jersey has experienced a steady decline in student-to-teacher ratios over the last decade, dropping from nearly eleven students per teacher in 2014 to just over ten in 2023. This trend, well below the national average of fourteen, could entice families prioritizing education and attract investors and real estate agents. Smaller class sizes offer potential benefits like more individualized attention, possibly boosting educational outcomes and enhancing the area's allure,... Read more
Student-to-teacher ratio in Warren County, New Jersey over the last 10 years
Warren County, New Jersey has seen a generally declining trend in student-to-teacher ratios over the last decade, starting from nearly eleven students per teacher in 2014 to just over ten in 2023. This consistent decrease suggests smaller class sizes, which could be advantageous for both educators and students, potentially leading to more individualized attention and better educational outcomes. With the national average being around fourteen students per teacher, Warren County seems to offer a more favorable environment for education. This trend may appeal to families prioritizing education, investors eyeing property developments, and real estate agents marketing to potential buyers. Lower student-to-teacher ratios could also influence appraisals and insurance assessments by potentially enhancing the attractiveness and perceived value of the area.
