Cattaraugus County Real Estate and Livability Trends
Cattaraugus County, New York, has experienced consistent economic uplift, with average taxable incomes growing from $44,084.26 in 2013 to $58,380.02 in 2021, potentially boosting property values despite a sharp rise in local taxes. The market shows steady increases in median home values from $84,600 in 2015 to $105,100 in 2022, offering a blend of affordability and value gains. The lower... Read more
Cattaraugus County Market Trends
Cattaraugus County, New York has seen its median home value rise from approximately $84,600 in 2015 to $105,100 in 2022. This growth, while slower than national and state averages, suggests a market that combines affordability with appreciable value gains. The average residential energy tax credit per tax return peaked at $714.06 in 2021, hinting at an increased emphasis on energy efficiency that... Read more
Median Value of Occupied Housing Units in Cattaraugus County, New York Over the Last 8 Years
Over the past eight years, Cattaraugus County, New York saw its median home value increase from around $84,600 in 2015 to $105,100 in 2022. When compared to the national growth, which saw a rise from $125,500 to $179,400, Cattaraugus County appears to present a more affordable yet appreciating market. On the state level, New York's median values climbed significantly from $283,400 to $384,100. For potential homeowners or investors, Cattaraugus County may offer a desirable balance of growth potential and lower entry costs compared to the state and national averages.
Residential Energy Tax Credit Per Tax Return in Cattaraugus County, NY Over the Last 9 Years
In Cattaraugus County, New York, the average residential energy tax credit per tax return has shown marked fluctuations over the last nine years, with an outlier peak in 2018 at $3,500.00. Outside of this spike, the general trend indicates a gradual increase, peaking at $714.06 in 2021. This suggests a growing awareness and adoption of energy-efficient improvements among homeowners, which could be attractive to real estate investors, new residents, and those involved in property appraisals and insurance. The data highlight potential financial benefits tied to energy-saving upgrades, which may impact property values and appeal.
Average Real Estate Taxes Per Tax Return in Cattaraugus County, NY Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Cattaraugus County, New York, have seen a notable upward trend. Starting at roughly $4,599.16 in 2012, these taxes escalated to around $6,449.25 by 2021. This gradual increase, with a particularly sharp rise between 2017 and 2019, may suggest rising property values or higher municipal costs. Those considering investments and property development in the area should weigh these growing tax obligations, while appraisers and insurance agents might see these figures as indicative of an evolving market landscape.
Percentage of Farm Returns in Cattaraugus County, NY Over the Last 10 Years
Farm tax returns in Cattaraugus County, New York have shown slight fluctuations over the last decade, revealing modest changes in the agricultural sector's reported incomes. The percentage tends to hover around 2.00%, slightly dipping at times, like in 2020 when it reached 1.83%. Farm tax returns refer to the filed tax documents representing income generated from farming activities and serve as an indicator of agricultural economic health. For investors or new residents, these figures could imply a stable yet relatively small agricultural presence, potentially affecting decisions related to real estate, local business opportunities, or any ventures dependent on the region’s farming output.
Number of Mortgages by Occupancy Type in Cattaraugus County, NY Over the Last 5 Years in Cattaraugus County
In Cattaraugus County, New York, over the past five years, the number of mortgages for principal residences has consistently been the highest, peaking in 2021 with 1,896 mortgages. Second residences saw their highest count in 2021 as well, with 321 mortgages, indicating a possible trend toward vacation or intermittent-use properties. Investment properties, while consistently the smallest category, have shown gradual increases, with a notable jump from 41 in 2019 to 95 in 2022. These shifts in occupancy types could reflect evolving demands in the housing market, influencing appraisals, insurance policies, and investment strategies. Growth in second homes and investment properties might point to an influx of out-of-area buyers or an interest in rental market opportunities, which can affect local property values and community dynamics.
Economic Outlook
Cattaraugus County, New York, has witnessed a gradual increase in average taxable income per tax return from $44,084.26 in 2013 to $58,380.02 in 2021, signaling a steady economic uplift that potentially boosts property values. However, local and state income taxes have surged significantly, especially between 2017 and 2020, jumping from $7,442.45 to $13,898.33, which could impact net income considerations for residents and investors alike. The total tax liability has similarly risen, indicating... Read more
Average Taxable Income per Tax Return in Cattaraugus County, NY over the last 9 years
Over the past nine years, the average taxable income per tax return in Cattaraugus County, New York, has shown a gradual upward trend, increasing from approximately $44,084.26 in 2013 to about $58,380.02 in 2021. This indicates a steady rise in income levels, which could imply economic growth and potentially increasing property values. For investors, real estate agents, and insurance agents, this trend suggests a cautiously optimistic outlook for the area. Moreover, those considering moving to Cattaraugus County might anticipate a stronger local economy, potentially translating to better job opportunities and community resources.
Average State and Local Income Taxes Per Tax Return in Cattaraugus County, NY Over the Last 10 Years
In Cattaraugus County, New York, the average state and local income taxes per tax return have shown a substantial increase over the past decade. Starting from around $5,709.32 in 2012, there's a noticeable jump to about $13,573.77 in 2021. Particularly striking is the surge from 2017 to 2020, where the average more than doubled from approximately $7,442.45 to $13,898.33 within just three years. This trend could imply rising incomes or changing tax policies, marking an important factor for potential investors, new residents, appraisers, and real estate agents to consider when evaluating the economic landscape and fiscal pressures within this county.
Average Total Tax Liability Per Tax Return in Cattaraugus County, NY Over the Last 10 Years
Cattaraugus County, New York, has seen a rising trend in the average total tax liability per tax return over the past decade, climbing from $6,052.56 in 2012 to $7,734.74 in 2021. This upward trajectory, despite minor fluctuations, may suggest increasing incomes or property values, but potentially also reflects higher local tax rates or changes in deductible expenses. For those considering investing or moving to the area, understanding these trends could be crucial, particularly for budgeting living costs or anticipating property-related expenses. Real estate professionals and appraisers might see this as indicative of a growing economic climate, albeit one with potential for higher-than-average tax burdens.
Cost of Living in Cattaraugus County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,068 | $1,424 | $1,287 | $1,716 | $1,097 |
| 2 adults 3 children | $1,068 | $1,163 | $1,254 | $1,716 | $920 |
| 1 adult 4 children | $1,068 | $1,163 | $805 | $1,716 | $1,184 |
| 1 adult 3 children | $1,068 | $949 | $771 | $1,716 | $994 |
| 2 adults 2 children | $826 | $952 | $1,221 | $1,487 | $855 |
| 1 adult 2 children | $826 | $711 | $738 | $1,487 | $799 |
| 2 adults 1 child | $826 | $752 | $1,188 | $744 | $803 |
| 1 adult 1 child | $826 | $486 | $705 | $744 | $635 |
| 2 adults | $658 | $604 | $862 | $0 | $611 |
| 1 adult | $653 | $330 | $431 | $0 | $551 |
Safety trends & Data
Cattaraugus County, New York, has experienced fluctuating property crime trends over the past five years. Arson saw a spike in 2021 but dropped again in 2022. Burglary had a significant dip in 2019, only to rise in 2022. Larceny-theft remains the most prevalent, soaring to 239 cases in 2022. Motor vehicle theft and vandalism showed varied but noticeable increases in the same year. The relatively low incidence of embezzlement and fraud may influence insurance, property valuation, and investment... Read more
Property Crime Trends in Cattaraugus County, NY Over the Last 5 Years
Over the last five years in Cattaraugus County, New York, property crimes have shown variability across different categories. Arson incidents spiked in 2021 but dropped again in 2022. Burglary saw a noticeable decline in 2019 but jumped back up in 2022. Larceny-theft has been the most common property crime, with a significant increase in 2022, reaching 239 reported cases. Motor vehicle theft and vandalism saw minor fluctuations, with noticeable peaks in 2022. Categories like embezzlement and fraud remained relatively low throughout the period. This data could suggest a shift in criminal patterns, potentially influencing insurance considerations, valuation, and investment decisions.
Demographics
Cattaraugus County, New York shows a strikingly balanced gender distribution among adults, with nearly equal numbers of males and females. The age group distribution reveals a considerable segment of residents in the 55 to 64 years range, hinting at a potentially higher demand for senior services in the near future. Educational attainment varies widely, though most adults have at least a high school diploma. The racial composition is predominantly White, with smaller representations of Black,... Read more
Race Distribution in Cattaraugus County, New York (2022)
Educational Attainment in Cattaraugus County, New York (2022)
Age Distribution in Cattaraugus County, New York
Citizen Population in Cattaraugus County, New York (2022)
Political Trends & Data
In Cattaraugus County, New York, roughly 63% of voters tend to support Republican candidates, with Democrats receiving about 34%. Third-party candidates pick up around 3%, hinting at some openness to alternatives. This conservative tilt may influence local policies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cattaraugus County in New York may exhibit a tendency toward Republican candidates, with roughly 63% of the vote. Democrats appear less dominant, garnering about 34%. Third-party and other candidates collectively capture around 3% of the vote, possibly indicating limited but present support for alternatives beyond the two main parties. This voting behavior could suggest the county leans conservative, potentially shaping local policies and governance.
63.27% of voters voted for the Republican party in the 2020 Presidential Election
33.92% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Green party in the 2020 Presidential Election
1.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cattaraugus County, New York has seen its student-to-teacher ratio drop from 12 students per teacher in 2014 to around 10, venturing below the national average of 14. This trend hints at improving classroom attention and possibly higher quality of education, making the area more appealing for families considering relocation. For investors and real estate agents, this could imply future rises in property values or stable demographic growth. Lower student-to-teacher ratios in well-resourced... Read more
Student-to-teacher ratio in Cattaraugus County, New York over the last 10 years
Over the past decade, Cattaraugus County, New York has seen its student-to-teacher ratio consistently fall from 12 students per teacher in 2014 to around 10 in recent years, even dipping below the current U.S. national average of 14 students per teacher. This trend might suggest improving classroom attention and a potentially higher quality of education, making the area more attractive for families considering relocation. For investors and real estate agents, the lower student-to-teacher ratio could signify rising property values in the future or stable demographic growth. This could also influence insurance agents and appraisers as the appeal of well-resourced schools often correlates with lower risks and higher property valuations.
