Hamilton County Real Estate and Livability Trends
Hamilton County, New York, has seen average taxable income per tax return rise from roughly $46,595.43 in 2013 to about $70,018.15 in 2021, perhaps making it an appealing market for investors and homebuyers. Median home value hit $204,900 in 2022, surpassing the national median and hinting at potential investment opportunities. The student-to-teacher ratio dropped to approximately four in 2023,... Read more
Hamilton County Market Trends
Hamilton County, New York, has seen its median home value jump to $204,900 in 2022, a significant rise that now surpasses the national median, hinting at emerging opportunities for investors outside urban areas. Energy tax credits have fluctuated but show a trend towards stability in recent years, reflecting the region's commitment to energy efficiency, which could affect property values and... Read more
Median Value of Occupied Housing Units in Hamilton County, New York Over the Last 8 Years
Hamilton County, New York has seen a noticeable uptick in median home values over the last eight years, culminating in a sharp increase to $204,900 in 2022. This is a significant leap from earlier years, especially when compared to the state’s median value of $384,100 and the national median of $179,400 in the same year. Although Hamilton County typically lags behind the state average, its recent surge surpasses the national growth rate, potentially making it an intriguing option for investors and homebuyers seeking growth outside the bustling urban markets.
Residential Energy Tax Credit Per Tax Return in Hamilton County, NY Over the Last 8 Years
Hamilton County, New York has experienced some fluctuations in the average residential energy tax credit per tax return over the past eight years. While the credit was stable at $333.33 in 2013 and 2014, it saw significant variations, hitting a high of $400.00 in 2017 and a low of $300.00 in 2016. Recent years show a trend towards consistency, with figures hovering between $350.00 and $380.00 from 2019 to 2021. This data might interest potential investors, homebuyers, and real estate professionals, as it reflects the county's focus on energy-efficient improvements, potentially impacting property value assessments and living costs.
Average Real Estate Taxes Per Tax Return in Hamilton County, NY Over the Last 10 Years
Real estate taxes in Hamilton County, New York, have shown a general upward trend over the past decade. Starting at an average of $4,883.61 in 2012 and peaking at $7,658.33 in 2020, this indicates a significant rise that could suggest increasing property values or higher tax rates. The growth in real estate taxes might be a red flag for potential investors or property developers but also signals potential for higher property appraisals and valuations in the region. For insurance agents and real estate professionals, understanding this trend could be crucial in assessing risk and advising clients.
Number of Mortgages by Occupancy Type in Hamilton County, NY Over the Last 5 Years in Hamilton County
Over the past five years, Hamilton County, New York has seen fluctuating trends in mortgage activity by occupancy type, with principal and second residences clearly dominating the market. While the number of principal residences peaked in 2021, investment properties have consistently remained a small fraction of the total mortgages. This indicates a stronger demand for personal and vacation homes, potentially highlighting a trend towards lifestyle-driven relocation or investment strategies in this county. For investors, builders, and real estate agents, understanding these trends is crucial for aligning strategies with market demands and assessing the stability and growth potential of housing types in the area. Changes in occupancy type matter as they affect the overall market dynamics, including property values, insurance rates, and community development patterns.
Economic Outlook
Hamilton County, New York has seen average taxable income per tax return rise from roughly $46,595.43 in 2013 to about $70,018.15 in 2021, suggesting a potentially attractive market for investors and homebuyers. The sharp increase in state and local income taxes, which jumped from $6,030.00 in 2018 to $10,677.78 by 2021, could hint at new local policies or higher median incomes. The fluctuating but generally rising trend in average total tax liability, peaking at $9,015.35 in 2021, may affect... Read more
Average Taxable Income per Tax Return in Hamilton County, NY over the last 9 years
Hamilton County, New York has seen a notable upward trend in average taxable income per tax return over the past nine years, with a jump from roughly $46,595.43 in 2013 to about $70,018.15 in 2021. This gradual rise likely implies a strengthening local economy, which could be attractive for potential investors and homebuyers. With income levels moving higher, property values and market conditions may become increasingly favorable, which is important for real estate agents, appraisers, and insurance agents. Elevated average income levels also suggest enhanced purchasing power within the community, making Hamilton County a potentially promising spot for new businesses and construction projects.
Average State and Local Income Taxes Per Tax Return in Hamilton County, NY Over the Last 10 Years
Hamilton County, New York has seen notable fluctuations in average state and local income taxes per tax return over the past decade. While there was a gradual increase from $5,784.44 in 2012 to $6,030.00 in 2018, a sharp spike occurred in 2019, reaching $8,700.00 and climbing even further to $10,677.78 by 2021. This significant rise, especially in the latter years, could suggest a changing economic landscape, possibly linked to new local policies or shifts in the area's median income. Stakeholders like potential investors, homeowners, and financial professionals might find these trends indicative of the broader fiscal and economic health of Hamilton County.
Average Total Tax Liability Per Tax Return in Hamilton County, NY Over the Last 10 Years
In Hamilton County, New York, the average total tax liability per tax return has shown notable fluctuations over the past decade, peaking at $7,110.05 in 2014 and reaching a significant high of $9,015.35 in 2021. While the liability varied year over year, the overall trend indicates a gradual increase, with pronounced jumps in certain years. For those considering investments or property developments, this upward trend may imply rising tax obligations, which could affect long-term financial planning. Real estate agents and insurance agents may need to assess how these fluctuations impact property values and insurance premiums. Appraisers, too, should factor in this evolving tax landscape when valuing properties in the county.
Cost of Living in Hamilton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,233 | $1,572 | $1,382 | $1,610 | $1,358 |
| 2 adults 3 children | $1,233 | $1,285 | $1,348 | $1,610 | $1,150 |
| 1 adult 4 children | $1,233 | $1,284 | $861 | $1,610 | $1,463 |
| 1 adult 3 children | $1,233 | $1,049 | $828 | $1,610 | $1,258 |
| 2 adults 2 children | $1,013 | $1,052 | $1,315 | $1,396 | $1,032 |
| 1 adult 2 children | $1,013 | $785 | $795 | $1,396 | $1,042 |
| 2 adults 1 child | $1,013 | $831 | $1,282 | $698 | $988 |
| 1 adult 1 child | $1,013 | $537 | $761 | $698 | $817 |
| 2 adults | $770 | $668 | $928 | $0 | $757 |
| 1 adult | $765 | $364 | $464 | $0 | $680 |
Safety trends & Data
Hamilton County, New York has seen low but fluctuating property crime rates over the past four years, with larceny-theft peaking at three cases in 2018 and dropping to one by 2022. Vandalism hit a high in 2019 with four incidents, then fell to just one by 2022. Sporadic occurrences of burglary and fraud suggest a relatively safe environment, important for real estate investment and insurance... Read more
Property Crime Trends in Hamilton County, NY Over the Last 4 Years
Hamilton County, New York has seen fluctuating property crime trends over the past four years, though incidents remain relatively low. Larceny-theft is the most common with a high of three cases in 2018, reducing to one by 2022. Vandalism saw a peak in 2019 with four cases but dropped to one by 2022. Burglary and fraud have both occurred sporadically, with single instances in certain years. Understanding these trends provides valuable insight for real estate investment, insurance assessment, and community planning within the county.
Demographics
Hamilton County, New York, exhibits a fairly balanced adult population, with male residents slightly outnumbering females. In terms of educational attainment, a significant portion of the population has high school diplomas, though a notable number also have some college education or an associate's degree. Age-wise, residents aged 55 and over make up a substantial portion of the county's population, potentially indicating an aging community. Racially, the county is predominantly White, with... Read more
Race Distribution in Hamilton County, New York (2022)
Educational Attainment in Hamilton County, New York (2022)
Age Distribution in Hamilton County, New York
Citizen Population in Hamilton County, New York (2022)
Political Trends & Data
Hamilton County, New York's real estate market may potentially be influenced by its political leaning, as the 2020 U.S. Presidential Election showed a strong Republican preference with nearly 64% of the votes. This conservative trend might impact buyer preferences, community developments, and investment strategies, given that political affiliations can subtly shape market dynamics and neighborhood... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hamilton County in New York reportedly showed a clear preference for the Republican party in the 2020 U.S. Presidential Election, with nearly 64% of the votes. Democrats garnered about 34%, while other parties like Libertarian and Green collectively amassed just over 1% of the vote share. This trend suggests a significant inclination toward conservative candidates, although minor parties still managed to capture a small segment of the electorate.
63.77% of voters voted for the Republican party in the 2020 Presidential Election
33.76% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
1.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hamilton County, New York, has seen its student-to-teacher ratio drop from just over six in 2014 to approximately four in 2023, well below the national average of around 14. For families considering relocation, this indicates a potentially more personalized educational experience for children. Real estate agents could leverage this data to market to buyers prioritizing quality education, while investors might see opportunities to expand educational facilities. Lower ratios might also suggest... Read more
Student-to-teacher ratio in Hamilton County, New York over the last 10 years
Hamilton County, New York, has seen a consistent decrease in its student-to-teacher ratio over the past decade, dropping from just over six in 2014 to approximately four in 2023. This ratio is significantly below the current national average of around fourteen students per teacher, which could indicate a more personalized educational experience for students in the county. For families considering relocating, this could be a strong factor in favor of Hamilton County, suggesting potentially better academic support for children. Real estate agents might use this information to attract buyers looking for quality education, while investors and developers may see this as an opportunity to support or expand educational facilities. For insurance agents and appraisers, lower student-to-teacher ratios might reflect positively on community stability and education quality.
