Genesee County Real Estate and Livability Trends
In Genesee County, New York, the average taxable income per tax return surged from $48,478.87 in 2013 to $63,058.38 in 2021, suggesting a growing local economy. Median home values increased from $107,000 in 2015 to $148,600 in 2022, positioning the area as an affordable option compared to New York State overall. The student-to-teacher ratio has dropped to around 9, well below the national average... Read more
Genesee County Market Trends
Genesee County, New York has seen gradual yet steady increase in median home values, rising from $107,000 in 2015 to $148,600 in 2022, offering a more affordable alternative compared to New York State overall. Residential energy tax credits in the county showed notable fluctuations, peaking dramatically in 2018 at $3700.00 per return, pointing to significant investments in energy-efficient home... Read more
Median Value of Occupied Housing Units in Genesee County, New York Over the Last 8 Years
Over the last eight years, Genesee County, New York has experienced a steady increase in median home values, climbing from $107,000 in 2015 to $148,600 in 2022. This growth, while impressive, still lags behind the state of New York where median home values rose from $283,400 to $384,100 in the same period. On a national level, median home values also increased, but not as sharply as those in New York State, with figures rising from $125,500 in 2015 to $179,400 in 2022. For potential investors and homebuyers, Genesee County presents a more affordable entry point compared to the broader state market, though its pace of appreciation indicates solid long-term growth potential.
Residential Energy Tax Credit Per Tax Return in Genesee County, NY Over the Last 9 Years
Genesee County, New York has seen some notable fluctuations in average residential energy tax credits per tax return over the past nine years, with peaks and valleys that suggest varying levels of investment in energy-efficient home improvements. There's an intriguing spike in 2018, where the average tax credit per return hit an unparalleled $3700.00, likely indicating significant investments or policy changes that year. Real estate agents, appraisers, and insurance agents might find this data valuable for understanding homeowner priorities in energy efficiency, potentially reflecting on property desirability and market values. This information could also be critical for those looking to invest in properties or retrofit existing homes with energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Genesee County, NY Over the Last 10 Years
Average real estate taxes per tax return in Genesee County, New York have shown a significant upward trend over the last decade, climbing from around $4,566.57 in 2012 to about $6,461.11 by 2021. Particularly notable spikes occurred between 2017 and 2018, leaping from approximately $5,288.09 to $6,211.93, and continued to hover above $6,300 annually thereafter. This upward trajectory suggests increasing costs for homeowners and potential investors, likely driven by rising property values or changes in tax assessments. For those considering property investments, appraisals, or insurance valuations, understanding these tax trends could be crucial for accurate budgeting and return estimations.
Percentage of Farm Returns in Genesee County, NY Over the Last 10 Years
Farm tax returns in Genesee County, New York, have seen a gradual decline over the last decade. Farm returns peaked slightly in 2013 at 1.56%, despite a consistent downward trend since, reaching a low of 1.26% in 2021. This suggests a potential decrease in the number of active farms or shifts in the agricultural landscape, indicating possible implications for land use and property values. Investors and residents may find these trends noteworthy for assessing the stability and growth of agricultural opportunities in the county.
Number of Mortgages by Occupancy Type in Genesee County, NY Over the Last 5 Years in Genesee County
Investment in Genesee County, New York, has seen steady but minimal growth in investment property mortgages, averaging around 70 per year with slight fluctuations. On the other hand, principal residence mortgages have consistently dominated the market, peaking at 2270 in 2021, which suggests a strong local demand for primary living spaces. Meanwhile, second residence mortgages have remained negligible, indicating limited interest in vacation or seasonal homes. These variations in occupancy types potentially impact property values, insurance considerations, and investment strategies, reflecting broader economic trends and resident preferences. For real estate agents, appraisers, and investors, understanding these shifts is crucial for making informed decisions about housing developments, potential returns, and risk assessments.
Economic Outlook
In Genesee County, New York, the average taxable income per tax return has climbed from $48,478.87 in 2013 to $63,058.38 in 2021, hinting at a potentially growing local economy that could drive up property values. Additionally, state and local income taxes per tax return surged from under $5,400.00 in 2012 to $8,688.46 by 2021, suggesting rising incomes or shifts in tax policies. The average total tax liability also increased steadily, reaching $8,187.68 in 2021. For investors, real estate... Read more
Average Taxable Income per Tax Return in Genesee County, NY over the last 9 years
Genesee County, New York has seen a noticeable uptick in average taxable income per tax return over the past nine years. From $48,478.87 in 2013 to $63,058.38 in 2021, the upward trend suggests a potentially growing local economy. This increase can be a signal for investors and real estate agents that the financial stability in the region might be improving, possibly leading to higher property values and a stronger market. Appraisers and insurance agents might find this information useful for assessments, and for potential residents, these trends could indicate a healthier and more robust economic environment.
Average State and Local Income Taxes Per Tax Return in Genesee County, NY Over the Last 10 Years
Over the past decade, Genesee County, New York has shown a noticeable upward trajectory in average state and local income taxes per tax return. Starting below $5,400.00 in 2012, the average amount experienced a steady increase, peaking dramatically in 2018 at $8,185.71 and pushing even higher to $8,688.46 by 2021. For potential investors, real estate agents, and those considering moving into the area, this trend suggests a growth in income levels or changes in tax policies that could impact appraisals, insurance rates, and overall financial planning.
Average Total Tax Liability Per Tax Return in Genesee County, NY Over the Last 10 Years
Genesee County, New York has experienced a consistent increase in the average total tax liability per tax return over the last decade, now reaching $8,187.68 in 2021. This upward trend may suggest a rising income level or possible changes in tax policies affecting residents. For those looking to invest or move here, it's worth noting how this increased burden might impact property values and cost of living. Real estate agents and appraisers could find this trend useful for forecasting market behaviors. Similarly, insurance agents and those involved in property development should consider these financial shifts when assessing risk and planning projects.
Cost of Living in Genesee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,233 | $1,456 | $1,287 | $1,610 | $1,178 |
| 2 adults 3 children | $1,233 | $1,189 | $1,254 | $1,610 | $993 |
| 1 adult 4 children | $1,233 | $1,189 | $805 | $1,610 | $1,278 |
| 1 adult 3 children | $1,233 | $971 | $771 | $1,610 | $1,086 |
| 2 adults 2 children | $946 | $974 | $1,221 | $1,396 | $897 |
| 1 adult 2 children | $946 | $727 | $738 | $1,396 | $861 |
| 2 adults 1 child | $946 | $769 | $1,188 | $698 | $858 |
| 1 adult 1 child | $946 | $497 | $705 | $698 | $693 |
| 2 adults | $777 | $618 | $862 | $0 | $671 |
| 1 adult | $633 | $337 | $431 | $0 | $557 |
Safety trends & Data
In Genesee County, New York, property crime rates present notable trends that could impact real estate decisions and investments. Larceny-Theft has remained consistently high, peaking at 677.00 cases in 2022, while Burglary showed significant variability, with incidents ranging from a low of 29.00 in 2021 to as high as 121.00 in 2020. Vandalism has also been common, reaching a peak of 210.00 cases in 2022. These fluctuating yet prevalent property crimes highlight critical risk assessments for... Read more
Property Crime Trends in Genesee County, NY Over the Last 5 Years
In Genesee County, New York, property crime trends over the last five years reveal some interesting dynamics. Larceny-Theft consistently tops the charts, peaking at 677.0 cases in 2022, showing a fluctuating but high rate of occurrence. Burglary has also seen significant variation, with a low of 29.0 incidents in 2021 and spikes like 121.0 in 2020 and 103.0 in 2022. Vandalism appears quite common too, reaching its highest point at 210.0 in 2022. These trends suggest fluctuating but prevalent property crimes, vital for real estate decisions, investments, and risk assessments.
Demographics
Genesee County shows a fairly balanced split between male and female populations, which could indicate gender-specific needs in services and infrastructure. The educational attainment data suggest a considerable portion of the population has a high school level education, hinting at potential workforce characteristics and opportunities for community initiatives to improve higher education completions. Age distribution tends to skew slightly older, with notable numbers in the 55-64 and 65-74 age... Read more
Race Distribution in Genesee County, New York (2022)
Educational Attainment in Genesee County, New York (2022)
Age Distribution in Genesee County, New York
Citizen Population in Genesee County, New York (2022)
Political Trends & Data
Genesee County in New York experienced a pronounced Republican preference in the 2020 U.S. Presidential Election, with the GOP securing roughly 64% of the vote. Democrats earned about 33%, and the remaining votes were scattered among Libertarians, Green Party, and other minor parties. This stark difference in support might hint at a robust conservative presence, potentially shaping both local governance and broader political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Genesee County in New York saw a significant lead for the Republican party in the 2020 U.S. Presidential Election, capturing around 64% of the vote. Democrats trailed notably with approximately 33%, while the rest of the votes were split among Libertarians, Green Party candidates, and other minor parties. This wide margin could suggest a strong conservative base in the county, influencing both local and national political dynamics.
64.14% of voters voted for the Republican party in the 2020 Presidential Election
32.70% of voters voted for the Democrat party in the 2020 Presidential Election
1.55% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% of voters voted for the Green party in the 2020 Presidential Election
1.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Genesee County, New York has seen significant ups and downs over the last decade—peaking at 17 in 2016 and most recently dropping to around 9. This is well below the national average of 14, hinting at more tailored educational attention that could attract families focused on schooling. For real estate professionals, this trend might signal a stable or improving educational environment that could elevate property values and community attractiveness. Insurance... Read more
Student-to-teacher ratio in Genesee County, New York over the last 10 years
The student-to-teacher ratio in Genesee County, New York has noticeably fluctuated over the past decade. Starting at 10 in 2014, it rose to a peak of 17 in 2016, then declined, settling around 9 in recent years. This variability, with a notably lower ratio compared to the national average of 14 students per teacher, suggests more personalized attention in classrooms, which could be appealing for families prioritizing education. For real estate agents, appraisors, and those looking to invest or build property, these trends might indicate a stable or improving educational environment, potentially enhancing property values and community desirability. Insurance agents might also consider these trends when evaluating risk factors related to school quality and educational outcomes.
