Fulton County Real Estate and Livability Trends
Fulton County, New York's average taxable income per tax return surged from $44,803.26 in 2013 to $60,172.32 by 2021, while local tax liabilities have also increased, potentially signaling economic growth that could affect property values and cost of living. Over the past eight years, median home values rose by 31%, yet still remain below the state median, with increasing energy tax credits... Read more
Fulton County Market Trends
Over the past eight years, median home values in Fulton County, New York, have increased by 31%, suggesting a robust local housing market despite values still trailing behind the state median. Notably, residential energy tax credits peaked in 2018 at $2,637.50, pointing to heightened investments in energy efficiency. Real estate taxes have also risen, averaging $7,034.67 in 2021, indicating a... Read more
Median Value of Occupied Housing Units in Fulton County, New York Over the Last 8 Years
Over the past eight years, median home values in Fulton County, New York have seen a growth trend, rising from $108,200 in 2015 to $142,000 in 2022. This 31% increase suggests a robust local housing market, though values still lag behind the state median, which surged from $283,400 to $384,100 in the same period. Interestingly, while the national market also showed growth, climbing from $125,500 to $179,400, Fulton County's relative affordability could appeal to investors and homebuyers seeking cost-effective opportunities within New York State.
Residential Energy Tax Credit Per Tax Return in Fulton County, NY Over the Last 9 Years
Over the last nine years, Fulton County, New York has shown a noticeable increase in the average residential energy tax credit per tax return, peaking significantly in 2018 at $2,637.50. Other notable spikes occurred in 2017 at $713.79 and in 2016 at $575.36, indicating periods of heightened energy efficiency investments or policy incentives. Real estate agents, potential investors, and homeowners might find this trend pertinent as it suggests a county-wide shift towards energy efficiency, which could impact property values, insurance rates, and long-term sustainability considerations. Appraisers and insurance agents should note these patterns as they reflect a potential decrease in home energy costs and an increase in property attractiveness due to sustainability improvements.
Average Real Estate Taxes Per Tax Return in Fulton County, NY Over the Last 10 Years
Over the past decade, Fulton County, New York has seen a notable increase in average real estate taxes per tax return, rising from approximately $4,545.99 in 2012 to about $7,034.67 in 2021. This upward trend suggests a steadily growing financial burden on property owners, which could influence decisions for potential investors and those considering relocation. Higher real estate taxes can impact property values, home affordability, and overall living costs, key factors for appraisers, insurance agents, and real estate professionals when assessing market dynamics and advising clients.
Percentage of Farm Returns in Fulton County, NY Over the Last 10 Years
The percentage of farm tax returns in Fulton County, New York, has fluctuated modestly over the past decade, averaging around 0.65%. Peaks occurred in 2013 and 2016 at approximately 0.72%, offering a glimpse into agricultural activity trends. Farm tax returns reflect the number of tax filings by farm owners, indicating the volume of farming operations in the area. For potential investors or residents, understanding these trends could provide valuable insight into the local agricultural economy and potential opportunities within the farming sector.
Number of Mortgages by Occupancy Type in Fulton County, NY Over the Last 5 Years in Fulton County
Fulton County, New York, has seen fluctuating trends in mortgage issuance across different occupancy types over the last five years. Principal residences consistently hold the majority share, but a dip in mortgages for these properties was notable in 2022 compared to 2021. Investment property mortgages had a moderate increase in the same period, perhaps indicating growing investor interest. Second residence mortgages peaked in 2021, signaling a potential uptick in vacation or secondary home purchases that year before dropping in 2022. Shifts in occupancy type can impact local housing markets, influencing everything from property values and rental yields to insurance risk assessments and urban planning requirements. Understanding these trends offers valuable insights for investors, real estate agents, and residents weighing the potential risks and rewards of their real estate decisions in the region.
Economic Outlook
Fulton County, New York has experienced a notable rise in average taxable income per tax return, climbing from $44,803.26 in 2013 to $60,172.32 in 2021. Concurrently, the average state and local income taxes have surged from $5,139.08 in 2012 to $11,459.09 in 2021, indicative of potential economic growth and evolving fiscal policies. Average total tax liability also saw a steady increase, from $5,813.02 in 2012 to $7,698.84 by 2021. These financial trends could profoundly impact property... Read more
Average Taxable Income per Tax Return in Fulton County, NY over the last 9 years
Fulton County, New York has seen a steady increase in average taxable income per tax return over the past nine years. From 2013 to 2021, this number rose from approximately $44,803.26 to about $60,172.32. This upward trend suggests potential economic growth and increasing affluence in the area, which might interest investors and real estate agents. This could also affect property values and insurance premiums, making it worth the attention of appraisers and insurance agents alike.
Average State and Local Income Taxes Per Tax Return in Fulton County, NY Over the Last 10 Years
The trend in Fulton County, New York suggests a significant increase in average state and local income taxes per tax return over the last decade. Starting at approximately $5,139.08 in 2012, the figure saw a general upward trajectory reaching around $11,459.09 by 2021. Noteworthy is the sharp rise between 2017 and 2019, where values jumped from approximately $6,245.77 to $9,484.00. These changes may be indicative of evolving fiscal policies or economic growth within the county, potentially impacting investment returns, property values, and cost of living. This upward trend could be crucial for stakeholders like real estate agents, appraisers, investors, and prospective residents when evaluating the financial landscape of the area.
Average Total Tax Liability Per Tax Return in Fulton County, NY Over the Last 10 Years
Over the past decade, Fulton County, New York has seen a consistent increase in the average total tax liability per tax return. Beginning at $5,813.02 in 2012 and escalating to $7,698.84 by 2021, this upward trajectory suggests a strengthening local economy and rising incomes. Nevertheless, the pace of growth varied, peaking notably in recent years, which may reflect changes in tax legislation or economic conditions impacting taxpayers. This trend could be a crucial factor for potential investors, property developers, real estate agents, and insurance providers to consider when evaluating the financial climate of the county.
Cost of Living in Fulton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,171 | $1,440 | $1,462 | $1,610 | $1,156 |
| 2 adults 3 children | $1,171 | $1,176 | $1,429 | $1,610 | $974 |
| 1 adult 4 children | $1,171 | $1,176 | $909 | $1,610 | $1,219 |
| 1 adult 3 children | $1,171 | $960 | $876 | $1,610 | $1,030 |
| 2 adults 2 children | $962 | $963 | $1,396 | $1,396 | $914 |
| 1 adult 2 children | $962 | $719 | $843 | $1,396 | $858 |
| 2 adults 1 child | $962 | $761 | $1,363 | $698 | $878 |
| 1 adult 1 child | $962 | $492 | $809 | $698 | $696 |
| 2 adults | $739 | $611 | $985 | $0 | $661 |
| 1 adult | $735 | $333 | $492 | $0 | $587 |
Safety trends & Data
Fulton County, New York, has seen some interesting shifts in property crime trends over the past four years. Larceny-Theft dramatically decreased from 180 cases in 2018 to just 17 in 2022, and burglary incidents also fell from 17 to 7 over the same period. Vandalism cases dropped more gradually, from 57 incidents in 2018 to 9 in 2022. However, other crimes like fraud and motor vehicle theft have shown inconsistent patterns. These trends could indicate evolving socio-economic dynamics in Fulton... Read more
Property Crime Trends in Fulton County, NY Over the Last 4 Years
Fulton County, New York, is witnessing a noticeable fluctuation in property crime trends over the past four years. While Larceny-Theft saw a significant decrease from 180 cases in 2018 to just 17 in 2022, incidents of burglary also trended downward, dropping from 17 in 2018 to 7 in 2022. Vandalism cases have also decreased but at a slower rate, with 57 incidents reported in 2018 compared to 9 in 2022. Other crimes such as fraud and motor vehicle theft saw more variability, peaking and dipping inconsistently across the years. These trends may suggest evolving factors in the area's socio-economic landscape, potentially drawing interest from investors and property developers looking for emerging opportunities or risks.
Demographics
Fulton County, New York has a nearly balanced adult gender distribution, with a slight male majority at 21,231 compared to 21,095 females. Educational attainment suggests a high school graduate rate of about 36%, and almost 16% hold a bachelor’s or higher degree. The age distribution shows a significant number of residents in the 55 to 64-year range, potentially indicating a maturing population. The racial composition is predominantly White at approximately 48,512 individuals, with smaller... Read more
Race Distribution in Fulton County, New York (2022)
Educational Attainment in Fulton County, New York (2022)
Age Distribution in Fulton County, New York
Citizen Population in Fulton County, New York (2022)
Political Trends & Data
In Fulton County, New York, the real estate market may be subtly influenced by its conservative-leaning electorate, especially with about 63.9% voting Republican in the 2020 U.S. Presidential Election. The strong Republican preference could point to community values that might prioritize property rights and less stringent regulations, potentially impacting investment decisions and zoning policies. Understanding this political landscape could be crucial for real estate investors looking to align... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Fulton County, New York, Republican voters were in the majority, capturing around 63.9% of the vote during the 2020 U.S. Presidential Election, while Democratic voters garnered approximately 32.9%. Third parties, including Libertarian, Green, and others, collectively made up a small fraction of the vote share. This suggests a possibly strong conservative leaning within the county, tilting heavily towards Republican preferences.
63.88% of voters voted for the Republican party in the 2020 Presidential Election
32.95% of voters voted for the Democrat party in the 2020 Presidential Election
1.03% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
1.84% of voters voted for the Other party in the 2020 Presidential Election
School Data
Fulton County, New York has experienced a notable downward trend in its student-to-teacher ratio, dropping from about 14 students per teacher in 2014 to around 11 in 2023, below the national average. This shift could indicate a focus on improved education quality, which might attract families and positively influence real estate demand. Property developers and investors might find this appealing as it may suggest rising or stable property values, while appraisers and insurance agents could... Read more
Student-to-teacher ratio in Fulton County, New York over the last 10 years
Over the past decade in Fulton County, New York, the student-to-teacher ratio has generally trended downward, starting from around 14 students per teacher in 2014 and dropping to approximately 11 in 2023. This decline became especially pronounced from 2018 onwards, dipping below the national average of 14 students per teacher. For investors and property developers, such a trend might suggest a stronger emphasis on education quality, which could be a selling point for families considering moving to the area. Real estate agents might also find this data compelling when marketing properties to potential buyers. Appraisers and insurance agents could take note as improved education standards often correlate with stable or rising property values, affecting risk assessments and premiums. Thus, fluctuations in the student-to-teacher ratio offer critical insights into the area’s educational priorities, potentially impacting real estate and overall community growth dynamics.
