Dutchess County Real Estate and Livability Trends
Dutchess County, New York, has seen a notable rise in median home values, increasing from $275,600 in 2015 to $348,700 in 2022. Though this remains more affordable than the state median of $384,100, it is still significantly higher than the national median of $179,400. Accompanying this trend, average real estate taxes have also climbed, which may reflect rising property values and increased... Read more
Dutchess County Market Trends
Dutchess County, New York, has seen a significant rise in median home values, jumping from $275,600 in 2015 to $348,700 in 2022. This places it more affordable than the state median of $384,100 but still high compared to the national median of $179,400. The past decade also shows an uptick in average real estate taxes, climbing from $7,331.90 in 2012 to $10,261.98 in 2021, which may hint at... Read more
Median Value of Occupied Housing Units in Dutchess County, New York Over the Last 8 Years
Over the last eight years, median home values in Dutchess County, New York, have shown a steady increase, particularly accelerating from 2020 onwards. While the 2015 value was $275,600, it saw a rise to $348,700 by 2022. When compared to the state of New York, where the median value in 2022 was $384,100, Dutchess County offers a potentially more affordable option albeit still on the higher end relative to national figures, which reached $179,400 in 2022. Such trends may suggest that this county remains a strong contender for investors and homebuyers looking for opportunities just outside the pricier markets, yet still within the prosperous Northeastern U.S. region.
Residential Energy Tax Credit Per Tax Return in Dutchess County, NY Over the Last 9 Years
Dutchess County, New York has witnessed a notable increase in the average residential energy tax credit per tax return over the past nine years. Starting at $492.59 in 2013, the tax credit surged to a peak of $3457.14 in 2018 before stabilizing around $1661.97 by 2021. This significant rise potentially reflects a growing investment in energy-efficient home improvements and renewable energy installations, making the area more attractive to eco-conscious homebuyers and investors. Real estate agents, appraisers, and insurance agents might find this trend useful to identify properties with enhanced energy features, likely contributing to increased property values and reduced environmental impact in the region.
Average Real Estate Taxes Per Tax Return in Dutchess County, NY Over the Last 10 Years
Over the past decade, Dutchess County in New York has seen a steady increase in average real estate taxes per tax return, climbing from $7,331.90 in 2012 to $10,261.98 in 2021. This upward trend, peaking particularly in 2018 and onwards, could imply rising property values and potentially increased local government expenditure. For potential investors, real estate agents, and homebuyers, understanding this gradual hike in property taxes is crucial for financial planning and assessing long-term investment viability in the area. For local residents, this data may be indicative of evolving municipal priorities or enhancements in local amenities.
Percentage of Farm Returns in Dutchess County, NY Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Dutchess County, New York has seen a gradual decline from around 0.31% in 2012 to approximately 0.26% in 2021. Despite some minor fluctuations, such as a dip to about 0.25% in 2020 followed by a slight increase in 2021, the overall trend suggests a steady decrease. Farm tax returns reflect the number of taxpayers reporting farming income, and this consistent downturn could indicate a shift away from agricultural activities. Investors and potential residents may want to consider this trend when evaluating the economic landscape and growth opportunities in the region.
Number of Mortgages by Occupancy Type in Dutchess County, NY Over the Last 5 Years in Dutchess County
In Dutchess County, New York, the number of mortgages for principal residences is notably higher compared to investment and second residence properties over the past five years. For example, in 2021, there were 15,762 principal residence mortgages, but only 680 for investment properties and 486 for second homes. These occupancy trends influence property values, insurance premiums, and investment potential, impacting decision-making for investors, developers, and real estate professionals. Shifts in occupancy type, such as a rise in principal residence acquisitions, might indicate neighborhood stability and attract more family-oriented buyers, while an increase in investment properties could imply a burgeoning rental market, enticing landlords and developers. Understanding these dynamics is crucial when assessing market conditions and future prospects in the area.
Economic Outlook
Dutchess County, New York, has experienced a significant rise in average taxable income, moving from $70,230.44 in 2013 to $100,775.80 in 2021, suggesting a robust local economy. However, accompanying this economic growth are increased state and local income taxes, soaring from $8,124.59 in 2012 to $23,320.96 in 2021, potentially influencing real estate market attractiveness and property valuations. Additionally, the consistent increase in total tax liability per tax return further highlights... Read more
Average Taxable Income per Tax Return in Dutchess County, NY over the last 9 years
Dutchess County, New York has seen a steady increase in the average taxable income per tax return over the past nine years, growing from $70,230.44 in 2013 to $100,775.80 in 2021. This notable upward trend suggests a strengthening local economy, which could be appealing for investors and real estate agents looking to capitalize on an area with rising affluence. For potential residents, the increasing income levels may indicate enhanced community resources and opportunities, making it a potentially attractive location for relocation.
Average State and Local Income Taxes Per Tax Return in Dutchess County, NY Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Dutchess County, New York, have surged significantly. Starting from around $8,124.59 in 2012, the taxes saw modest increases compounded by a dramatic rise post-2017, culminating at approximately $23,320.96 in 2021. This trend could signal a growing tax burden for residents, potentially influencing real estate and investment decisions while prompting closer scrutiny from appraisors and insurance agents. For prospective homeowners and real estate agents, these increasing tax rates might shape property values and overall market attractiveness.
Average Total Tax Liability Per Tax Return in Dutchess County, NY Over the Last 10 Years
Over the last decade, Dutchess County, New York, has seen a notable upward trend in average total tax liability per tax return. Starting at $11,673.40 in 2012, the figure has gradually increased, rising significantly to $18,340.22 by 2021. This steady increase could potentially impact various economic decisions for investors, real estate agents, and homeowners, highlighting an increased financial burden over time. For those considering moving to or investing in the area, understanding these trends might provide valuable context for personal financial planning and property appraisals.
Cost of Living in Dutchess County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,957 | $1,605 | $1,623 | $2,760 | $2,298 |
| 2 adults 3 children | $1,957 | $1,311 | $1,586 | $2,760 | $2,091 |
| 1 adult 4 children | $1,957 | $1,310 | $1,013 | $2,760 | $2,379 |
| 1 adult 3 children | $1,957 | $1,070 | $976 | $2,760 | $2,224 |
| 2 adults 2 children | $1,537 | $1,073 | $1,550 | $2,405 | $1,730 |
| 1 adult 2 children | $1,537 | $802 | $940 | $2,405 | $1,744 |
| 2 adults 1 child | $1,537 | $848 | $1,513 | $1,253 | $1,332 |
| 1 adult 1 child | $1,537 | $548 | $903 | $1,253 | $1,295 |
| 2 adults | $1,197 | $681 | $1,081 | $0 | $907 |
| 1 adult | $1,093 | $372 | $540 | $0 | $762 |
Safety trends & Data
Dutchess County, New York, has experienced varied property crime trends over the past five years. Larceny-theft saw a peak of 795 incidents in 2020, dropping to 566 by 2022. Burglary incidents hit a high of 77 in 2019 but significantly declined to 16 in 2021, and vandalism peaked at 230 in 2019 before decreasing. Vehicle thefts have stayed relatively stable, while fraud and arson trends have been less predictable. These shifts seem influenced by changes in the economy or social factors,... Read more
Property Crime Trends in Dutchess County, NY Over the Last 5 Years
Over the last five years, Dutchess County, New York, has seen fluctuating trends in property crimes. Larceny-Theft has consistently been the most frequent crime, peaking in 2020 with 795 incidents before dropping to 566 in 2022. Burglary and vandalism also show notable patterns, with burglary peaking at 77 in 2019 but seeing a significant dip to 16 in 2021, and vandalism reaching a high of 230 in 2019 before decreasing. Vehicle thefts have remained relatively stable, while instances of fraud and arson have somewhat less predictability. Such dynamics suggest potential influences from broader economic or social changes, making this data vital for investors, real estate agents, and local policymakers aiming to understand the area's safety trends.
Demographics
In Dutchess County, New York, there's a slight gender imbalance with more females than males among the adult population. Regarding education, a significant portion has at least a high school diploma, with notable percentages holding bachelor's or higher degrees, suggesting a relatively educated populace. The age distribution shows a balanced spread across various age groups, with a slight concentration in the 25-64 range, indicating a strong working-age population. Racially, the county is... Read more
Race Distribution in Dutchess County, New York (2022)
Educational Attainment in Dutchess County, New York (2022)
Age Distribution in Dutchess County, New York
Citizen Population in Dutchess County, New York (2022)
Political Trends & Data
Dutchess County, New York, leaned Democratic in the 2020 U.S. Presidential Election, with approximately 53.6% of votes cast for Democratic candidates versus 44% for Republicans. Third parties like Libertarians and Greens garnered minimal support. This pattern may suggest a slight Democratic preference, though the narrow margin hints at a competitive political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Dutchess County in New York has shown a slight preference for Democratic candidates, with about 53.6% of the votes going to Democrats compared to 44% for Republicans in the 2020 U.S. Presidential Election. Libertarians, Greens, and other parties collectively made up a small portion of the vote, suggesting minimal impact. This voting pattern might indicate a trend towards Democratic favorability, though the close margin between the two main parties could imply a competitive political landscape.
44.03% of voters voted for the Republican party in the 2020 Presidential Election
53.62% of voters voted for the Democrat party in the 2020 Presidential Election
0.82% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Green party in the 2020 Presidential Election
1.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
Dutchess County, New York, has experienced a steady drop in its student-to-teacher ratio, now at 11 students per teacher compared to 13 in 2014. This is below the national average of 14, pointing to smaller class sizes and potentially more individualized attention for students. For investors and movers, this trend could indicate a community invested in education quality, possibly influencing property values and insurance rates. Real estate agents and builders may leverage this data to attract... Read more
Student-to-teacher ratio in Dutchess County, New York over the last 10 years
Dutchess County, New York, has seen a notable decline in its student-to-teacher ratio over the last decade, dropping from 13 students per teacher in 2014 to just about 11 in recent years. This is below the current national average of 14 students per teacher and may suggest smaller class sizes and potentially more individualized attention for students. For potential investors or movers, this could indicate a community valuing education quality. Appraisers and insurance agents might also see this as a signal of the area's commitment to educational resources, potentially impacting property values and insurance rates. Real estate agents and builders can leverage this data when marketing to families prioritizing school quality.
