Cayuga County Real Estate and Livability Trends
In Cayuga County, New York, the average taxable income per tax return rose from $49,653.57 in 2013 to $70,336.24 in 2021, pointing to increasing economic stability and potentially an affluent buyer market. Although the median home values jumped from $113,600 in 2015 to $158,900 in 2022, they remain well below the New York state median of $384,100. The student-to-teacher ratio dropped to around 11... Read more
Cayuga County Market Trends
Cayuga County offers a notable opportunity for affordable homeownership with median home values rising from $113,600 in 2015 to $158,900 in 2022, significantly lower than the New York state median of $384,100. The variability in residential energy tax credits, peaking at $3011.11 per tax return in 2018, indicates potential policy changes that could influence energy efficiency investments. Real... Read more
Median Value of Occupied Housing Units in Cayuga County, New York Over the Last 8 Years
Cayuga County's median home value has seen a steady increase over the past eight years, jumping from $113,600 in 2015 to $158,900 in 2022. While this rise aligns with broader trends in New York state and the nation, it's still significantly lower than the state median of $384,100 in 2022 and the national median of $179,400. For investors or potential homeowners, Cayuga County offers a relatively affordable option compared to other regions, suggesting potential room for growth in property value.
Residential Energy Tax Credit Per Tax Return in Cayuga County, NY Over the Last 9 Years
Cayuga County, New York has seen significant fluctuations in average residential energy tax credits over the past nine years. Notably, there's a marked peak in 2018 where the average credit skyrocketed to $3011.11 per tax return. This suggests potential policy changes or incentives during that period. Trends show a gradual rise from 2013's $313.08 to 2017's $1105.26, followed by a sharp decline post-2018. This variability may reflect evolving energy policies and economic factors, influencing investment decisions and property valuations. Understanding these shifts is crucial for real estate agents, appraisers, and prospective homeowners assessing energy efficiency incentives in the county.
Average Real Estate Taxes Per Tax Return in Cayuga County, NY Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Cayuga County, New York have generally exhibited a steady upward trend, with notable increases especially after 2017. From $4,773.60 in 2012, the average taxes have climbed to over $7,253.57 by 2021. Significant jumps can be observed between 2017 and 2018, where taxes surged roughly $1,089.00, and between 2018 and 2019, with an increase of around $354.00. This trend likely impacts property affordability and could be a key consideration for potential investors, buyers, and developers in evaluating long-term costs associated with owning real estate in the area.
Percentage of Farm Returns in Cayuga County, NY Over the Last 10 Years
Farm tax returns in Cayuga County, New York, have shown a gradual decline over the last decade, starting from approximately 2.38% in 2012 to around 1.90% in 2021. These returns reflect the percentage of total tax filings attributed to farming activities, which indicates a potential reduction in the local agricultural sector's footprint. For potential investors, property developers, and new residents, this trend might point to shifts in economic activity and changing land use patterns. While agriculture remains a staple, the decrease in farm returns could suggest opportunities for diversification and development in other sectors.
Number of Mortgages by Occupancy Type in Cayuga County, NY Over the Last 5 Years in Cayuga County
In Cayuga County, New York, the number of mortgages for principal residences has consistently been the highest, with notable peaks in 2020 and 2021. Investment properties have seen a more modest and fluctuating trend, while second residences experienced a spike in 2020, followed by a decrease. These shifts in occupancy types are crucial indicators for potential investors or those looking to relocate, as they reflect the demand dynamics, influencing property values and investment returns. For appraisers, insurers, and real estate agents, understanding these trends can aid in better forecasting market behaviors and pricing strategies. Additionally, builders and developers could tailor their projects to align with the predominant occupancy trends, maximizing their market appeal.
Economic Outlook
In Cayuga County, New York, average taxable income per tax return rose significantly from $49,653.57 in 2013 to $70,336.24 in 2021, suggesting growing economic stability and a potentially affluent buyer market. State and local income taxes also saw notable increases, from $5,850.47 in 2012 to $13,181.37 in 2021, possibly due to policy changes or economic shifts. Average total tax liability spiked to $10,118.85 in 2021, reflecting rising property values or local tax policy changes. Poverty... Read more
Average Taxable Income per Tax Return in Cayuga County, NY over the last 9 years
Cayuga County, New York has experienced a notable upward trend in average taxable income per tax return over the past nine years, rising from around $49,653.57 in 2013 to approximately $70,336.24 in 2021. This steady increase, particularly the significant jump between 2020 and 2021, could be appealing to potential investors and real estate agents as it might indicate growing economic stability and prosperity in the region. For those considering building property or appraising homes, this data suggests a potentially more affluent buyer market, which could impact property values and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Cayuga County, NY Over the Last 10 Years
In Cayuga County, New York, average state and local income taxes per tax return have notably increased from $5,850.47 in 2012 to $13,181.37 in 2021. This sharp rise in taxation, especially the spikes seen from 2018 onward, could be indicative of policy changes or shifts in local economic conditions. For potential investors, property developers, and real estate agents, understanding these tax trends is crucial for financial forecasting and evaluating the attractiveness of the county for new residents or businesses. Appraisers and insurance agents would also find this data useful for assessing risk and determining cost structures.
Average Total Tax Liability Per Tax Return in Cayuga County, NY Over the Last 10 Years
Cayuga County, New York has seen fluctuations in average total tax liability per tax return over the past decade, with a notable spike in 2021 to $10,118.85. From 2012 to 2020, the values steadily crept upward, hovering mostly between $7,000 and $8,000. This recent increase could signal rising property values or changes in local tax policies, which may impact real estate investments and insurance premiums. Investors and potential homeowners should keep an eye on these trends, as they suggest increasing costs but also potential for higher property valuations.
Cost of Living in Cayuga County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,181 | $1,524 | $1,529 | $1,773 | $1,320 |
2 adults 3 children | $1,181 | $1,245 | $1,496 | $1,773 | $1,119 |
1 adult 4 children | $1,181 | $1,245 | $949 | $1,773 | $1,387 |
1 adult 3 children | $1,181 | $1,017 | $916 | $1,773 | $1,187 |
2 adults 2 children | $937 | $1,019 | $1,463 | $1,537 | $998 |
1 adult 2 children | $937 | $761 | $883 | $1,537 | $960 |
2 adults 1 child | $937 | $806 | $1,430 | $768 | $938 |
1 adult 1 child | $937 | $520 | $850 | $768 | $743 |
2 adults | $734 | $647 | $1,032 | $0 | $695 |
1 adult | $728 | $353 | $516 | $0 | $605 |
Safety trends & Data
Cayuga County, New York, has seen fluctuating property crime trends over the last five years, with significant increases in burglary and larceny-theft, peaking in 2022 at 53 and 181 cases, respectively. Vandalism reached a high in 2018 with 120 cases, and motor vehicle theft spiked in 2022 with 26 incidents. Low but stable fraud and embezzlement rates may suggest targeted areas for improvement in crime prevention. This data could be particularly useful for investors, developers, and safety... Read more
Property Crime Trends in Cayuga County, NY Over the Last 5 Years
Over the last five years, property crime in Cayuga County, New York, has shown fluctuating trends in various categories. Notably, there appears to be a significant increase in burglary and larceny-theft incidents, peaking in 2022 with 53 and 181 reported cases, respectively. Vandalism and motor vehicle theft also show notable variability, with vandalism reaching its highest in 2018 at 120 and motor vehicle theft spiking in 2022 at 26. While fraud and embezzlement crimes remain relatively low and stable, the data suggest potential vulnerabilities in preventing these specific property crimes, which could be informative for investors, property developers, and safety planners alike.
Demographics
Cayuga County, New York, exhibits a relatively balanced gender distribution with a slight male majority. The community shows a significant portion of its adult population holding high school diplomas or higher, yet a considerable number lack diplomas. This educational profile can impact employment opportunities and earning potential. The age distribution indicates a sizable baby boomer population, possibly affecting healthcare services and retirement facilities. The racial makeup is... Read more
Race Distribution in Cayuga County, New York (2022)
Educational Attainment in Cayuga County, New York (2022)
Age Distribution in Cayuga County, New York
Citizen Population in Cayuga County, New York (2022)
Political Trends & Data
In Cayuga County, New York, the 2020 U.S. Presidential Election hinted at a Republican tilt, with the party possibly securing around 53% of votes and Democrats trailing with about 44%. Libertarians and Greens collectively gathered a minimal share, while a small but noteworthy segment, around 1.4%, supported other candidates or parties. This voting pattern might influence local political dynamics and, potentially, real estate trends in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cayuga County, New York, the 2020 U.S. Presidential Election results appeared to slightly favor the Republican party, which possibly secured around 53% of the votes. Democrats seemingly garnered about 44%, while the Libertarian and Green parties each captured a smaller fraction of the vote, at roughly 1% and 0.5%, respectively. There's also an "Other" category that might suggest around 1.4% of the total vote share, indicating a minor yet notable level of support for alternative candidates or parties.
53.08% of voters voted for the Republican party in the 2020 Presidential Election
43.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% of voters voted for the Livertarian party in the 2020 Presidential Election
0.50% of voters voted for the Green party in the 2020 Presidential Election
1.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cayuga County, New York, has seen its student-to-teacher ratio decline from a peak of nearly 15 in 2015 and 2017 to around 11 in 2023, which is below the national average of 14. This trend indicates more individualized attention for students and may make the area more appealing to families focused on education. Such favorable educational metrics could be a significant selling point for real estate agents promoting family-friendly neighborhoods in the... Read more
Student-to-teacher ratio in Cayuga County, New York over the last 10 years
Cayuga County, New York, has seen its student-to-teacher ratio fluctuate over the last decade. Starting at approximately 13 in 2014 and peaking at nearly 15 in 2015 and 2017, the ratio has since decreased steadily to around 11 in 2023. This lower student-to-teacher ratio could suggest more individualized attention for students, potentially making the area more attractive to families prioritizing education. Compared to the national average of 14 students per teacher, Cayuga County's recent figures are quite favorable. This trend might be particularly interesting for those considering relocating to the area or for real estate agents marketing family-friendly neighborhoods.