Chenango County Real Estate and Livability Trends
Chenango County, New York, has seen a steady rise in average taxable income per tax return, increasing from $43,644.79 in 2013 to $57,009.97 in 2021. Real estate tax burdens have also grown, with taxes climbing from $4,477.55 in 2012 to $6,739.22 in 2020. Median home values have jumped from $91,700 in 2015 to $121,100 in 2022, still more moderate compared to the state's growth. The county also... Read more
Chenango County Market Trends
Median home values in Chenango County, New York have risen from $91,700 in 2015 to $121,100 in 2022, outpacing earlier years but showing less aggressive growth compared to the state's jump from $283,400 to $384,100. This highlights Chenango County as a stable and affordable market, potentially appealing to cost-conscious buyers. The Residential Energy Tax Credit peaked dramatically at $1,950 in... Read more
Median Value of Occupied Housing Units in Chenango County, New York Over the Last 8 Years
The median home values in Chenango County, New York have shown consistent growth over the past eight years, rising from $91,700 in 2015 to $121,100 in 2022. This local upward trend is noteworthy as it compares to the broader state and national increases. In contrast, New York's state median home values have soared from $283,400 to $384,100 in the same period, highlighting a more aggressive increase. Nationally, the values have moved from $125,500 to $179,400. For those looking to invest, build property, or move to Chenango County, this suggests a relatively stable real estate market with potentially less volatility than seen statewide. The affordability compared to state and national levels could be a compelling factor for potential buyers.
Residential Energy Tax Credit Per Tax Return in Chenango County, NY Over the Last 9 Years
The Residential Energy Tax Credit per tax return in Chenango County, New York has shown notable fluctuations over the past nine years. While the average credit started at $274.24 in 2013 and saw a significant jump to $663.16 by 2017, the most remarkable spike occurred in 2018, reaching $1,950. This indicates potential increases in energy-efficient home upgrades or possibly changes in tax incentive policies during that year. The credit stabilized somewhat in the following years, hovering around $722.73 to $748.78 between 2019 and 2021. This trend could be relevant for investors, property developers, and homeowners aiming to assess the financial benefits of energy-efficient investments in this area.
Average Real Estate Taxes Per Tax Return in Chenango County, NY Over the Last 10 Years
Over the past decade, Chenango County, New York has generally seen a steady increase in average real estate taxes per tax return, with notable jumps in 2017 and 2018. The figures spiked from $4,477.55 in 2012 to $6,739.22 in 2020, though there was a slight dip in 2021 to $6,497.78. This trend suggests a steady upward pressure on property taxes, which may affect decisions for potential investors, homeowners, and real estate professionals considering the area. Higher taxes could also factor into insurance appraisals and assessments for new builds, potentially influencing broader housing market trends in Chenango County.
Percentage of Farm Returns in Chenango County, NY Over the Last 10 Years
The percentage of farm tax returns in Chenango County, New York, has shown a slight, yet consistent, trend of decline over the past decade. Starting at about 2.89% in 2012, it has decreased to approximately 2.59% by 2021. Farm tax returns are a good indicator of agricultural activity and economic vitality within rural regions. For investors, property developers, or those considering a move to Chenango County, this subtle downward trend might suggest a shift in the local economy. Understanding these dynamics will be crucial for making informed decisions.
Number of Mortgages by Occupancy Type in Chenango County, NY Over the Last 5 Years in Chenango County
In recent years, Chenango County, New York has witnessed notable fluctuations in mortgage counts across different occupancy types. Principal residences consistently lead, showing a peak in 2021 with 1,553 mortgages, followed by a mild decline in the subsequent year. Although investment property mortgages remain relatively low in volume, their slight decline could indicate a shift in investor confidence or market dynamics. Second residences have also seen a modest decrease from 2018 to 2022. These trends could interest potential investors, real estate agents, and property developers by highlighting changes in demand and potentially signaling shifting market conditions. Appraisers and insurance agents might also find this data valuable for assessing property values and risk profiles over time.
Economic Outlook
Chenango County, New York, has seen a consistent rise in average taxable income per tax return, climbing from $43,644.79 in 2013 to $57,009.97 in 2021. State and local income taxes per tax return also increased, moving from $5,413.62 in 2012 to $8,319.44 in 2021, with notable spikes in 2015 and 2018. Additionally, the total tax liability per tax return trended upwards, peaking at $7,077.14 in 2021. These trends may reflect an improving economic landscape, potentially impacting property... Read more
Average Taxable Income per Tax Return in Chenango County, NY over the last 9 years
Chenango County, New York has shown a consistent upward trend in average taxable income per tax return over the past nine years, with figures rising from $43,644.79 in 2013 to $57,009.97 in 2021. This growth suggests a gradually improving economic landscape, which may be attractive for potential investors, real estate agents, and those looking to build property. The climbing income levels could potentially influence property appraisals and insurance premiums, reflecting a community that is experiencing economic development.
Average State and Local Income Taxes Per Tax Return in Chenango County, NY Over the Last 10 Years
Chenango County, New York, has seen a notable upward trend in average state and local income taxes per tax return over the last decade, with amounts rising from around $5,413.62 in 2012 to approximately $8,319.44 in 2021. Significant jumps occurred in 2015 and 2018, suggesting potential policy changes or economic shifts. This increase could indicate growing economic activities or shifts in tax policies, making it essential for potential investors, developers, and real estate agents to consider the implications on future financial planning and property values in the area.
Average Total Tax Liability Per Tax Return in Chenango County, NY Over the Last 10 Years
Over the last decade, Chenango County, New York, has seen fluctuations in the average total tax liability per tax return, with a notable upward trend. The value jumped from $5,628.48 in 2012 to $7,077.14 in 2021, with its highest peak at $6,809.83 in 2017 before slightly decreasing, then rising again. This trend potentially suggests increasing property values or higher income levels, factors that can be critical for those considering investments, relocations, and financial planning in the area.
Cost of Living in Chenango County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,077 | $1,383 | $1,382 | $1,610 | $1,078 |
| 2 adults 3 children | $1,077 | $1,130 | $1,348 | $1,610 | $906 |
| 1 adult 4 children | $1,077 | $1,130 | $861 | $1,610 | $1,150 |
| 1 adult 3 children | $1,077 | $923 | $828 | $1,610 | $963 |
| 2 adults 2 children | $829 | $925 | $1,315 | $1,396 | $848 |
| 1 adult 2 children | $829 | $691 | $795 | $1,396 | $777 |
| 2 adults 1 child | $829 | $731 | $1,282 | $698 | $811 |
| 1 adult 1 child | $829 | $472 | $761 | $698 | $636 |
| 2 adults | $696 | $587 | $928 | $0 | $637 |
| 1 adult | $577 | $320 | $464 | $0 | $532 |
Safety trends & Data
Chenango County, New York, shows fluctuating property crime trends over the last five years, notably in larceny-theft with a significant spike in 2018 at 175 cases, dropping to an all-time low of 6 in 2021, then rising again to 96 in 2022. Burglary incidents peaked in 2020 with 44 cases but have since declined. Vandalism saw its high point in 2020 with 91 offenses. Minor crimes like arson have remained low but doubled in 2022 to 2 cases. This volatility likely reflects shifts in local economic... Read more
Property Crime Trends in Chenango County, NY Over the Last 5 Years
Chenango County, New York, shows fluctuating property crime trends over the last five years. The most common offenses include larceny-theft, which spiked at 175 cases in 2018 but saw a significant drop to just 6 in 2021, before slightly rebounding to 96 in 2022. Burglary incidents rose to a peak in 2020 with 44 cases but declined considerably in subsequent years. Vandalism has varied, peaking at 91 offenses in 2020. Minor crimes like arson remained relatively low but did double in 2022 to 2 cases. This volatility could indicate shifts in local economic conditions or law enforcement effectiveness, which might be of particular interest to potential investors, real estate agents, and local residents looking to understand the safety landscape.
Demographics
Chenango County, New York has a nearly equal distribution of males and females within the adult population. Educational attainment varies significantly, with a large portion holding just a high school diploma or some college experience, while fewer possess advanced degrees. The age distribution indicates a substantial older population, particularly those aged 55 to 64. Racially, the county is predominantly White, with minimal representation from other racial groups. This demographic insight can... Read more
Race Distribution in Chenango County, New York (2022)
Educational Attainment in Chenango County, New York (2022)
Age Distribution in Chenango County, New York
Citizen Population in Chenango County, New York (2022)
Political Trends & Data
Chenango County, New York, exhibited a notable Republican preference in the 2020 U.S. Presidential Election, with around 60.1% of the vote. Democratic support was significantly lower at approximately 37%, and third parties secured minimal votes. This voting pattern could hint at a firmly conservative base, though it's important to consider potential shifts in upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Chenango County, New York, the 2020 U.S. Presidential Election results potentially suggest a significant leaning towards the Republican Party, with approximately 60.1% of the vote. Democratic support appears to trail at around 37%, while third parties, including Libertarians and Greens, collectively garnered minimal traction. This distribution might indicate a solidly conservative voter base, although fluctuating trends and future elections could shift these dynamics.
60.14% of voters voted for the Republican party in the 2020 Presidential Election
36.98% of voters voted for the Democrat party in the 2020 Presidential Election
1.41% of voters voted for the Livertarian party in the 2020 Presidential Election
0.48% of voters voted for the Green party in the 2020 Presidential Election
0.99% of voters voted for the Other party in the 2020 Presidential Election
School Data
Chenango County, New York has shown fluctuating student-to-teacher ratios, from as low as 10 recently to over 12 in 2019, consistently below the national average of 14. This could mean more individualized attention for students, making it appealing for families considering a move, and suggesting a strong educational support system. Real estate agents and investors may find this factor beneficial, as it indicates community stability and investment in... Read more
Student-to-teacher ratio in Chenango County, New York over the last 10 years
Chenango County, New York has experienced fluctuating student-to-teacher ratios over the past decade, ranging from as low as 10 in recent years to over 12 in 2019. Despite these variations, the county consistently falls below the national average of 14 students per teacher. For families considering a move, this translates to potentially more individualized attention for students. Real estate agents and investors may find this appealing as it suggests a strong educational support system, which can be a deciding factor for families. Additionally, appraisers and insurance agents might see this as a marker of community stability and investment in education.
