Jefferson County Real Estate and Livability Trends
Jefferson County, New York, shows steady growth in average taxable income, rising from $44,227.19 in 2013 to $59,937.72 in 2021, which may hint at increasing economic stability. Home values have also appreciated from $141,000 in 2015 to $169,600 in 2022, which, while still below the state median of $384,100, remains competitive on a national level. Real estate taxes have notably increased, from... Read more
Jefferson County Market Trends
Home values in Jefferson County, New York have climbed from $141,000 in 2015 to $169,600 in 2022, making it more affordable than the state's $384,100 median, but competitive nationally. Energy tax credits have fluctuated from $313.10 in 2013 to a peak of $3,122.22 in 2018, then stabilized at $762.69 in 2021, reflecting changing incentives for energy-efficient home upgrades. Real estate taxes rose... Read more
Median Value of Occupied Housing Units in Jefferson County, New York Over the Last 8 Years
Jefferson County, New York has seen a steady increase in median home values over the past eight years, peaking at $169,600 in 2022, a significant rise from $141,000 back in 2015. Compared to the state median, which reached $384,100 in 2022, Jefferson County's values tend to be more affordable. While the national median of $179,400 in 2022 is closer in range, Jefferson County still offers relatively lower costs, which could appeal to prospective homebuyers and investors looking for affordability within New York State.
Residential Energy Tax Credit Per Tax Return in Jefferson County, NY Over the Last 9 Years
Residential energy tax credits in Jefferson County, New York have shown significant fluctuations over the past nine years. Starting at $313.10 in 2013, the average credit surged notably to $3,122.22 in 2018 before stabilizing around $762.69 in 2021. This variability suggests that investments in energy-efficient home improvements have varied greatly, potentially influenced by changing incentive programs or consumer confidence. Such trends could be particularly relevant for those looking to invest in energy-efficient properties or for appraisers assessing the added value of these improvements.
Average Real Estate Taxes Per Tax Return in Jefferson County, NY Over the Last 10 Years
Over the past decade in Jefferson County, New York, average real estate taxes per tax return have shown an overall upward trend, beginning at approximately $3,980.53 in 2012 and peaking around $6,568.94 in 2020. This upward trajectory highlights an increase in property-related costs, which might influence decisions for potential investors, homebuyers, and real estate professionals. Notable spikes were observed in 2017 and 2018, suggesting periods of significant tax adjustments. Individuals considering property transactions or investments in this area should account for these rising tax trends when evaluating financial commitments.
Percentage of Farm Returns in Jefferson County, NY Over the Last 10 Years
Farm tax returns in Jefferson County, New York have seen some fluctuations over the past decade, peaking at 1.45% in 2014 and dipping to 1.28% in 2020. Farm tax returns are financial filings specific to agricultural operations, reflecting the economic health and viability of farming in the area. For potential investors or new residents, these trends might suggest variable agricultural stability, which can influence both land value and economic opportunities in the region.
Number of Mortgages by Occupancy Type in Jefferson County, NY Over the Last 5 Years in Jefferson County
In Jefferson County, New York, mortgage trends over the past five years indicate a majority preference for principal residences, which have consistently accounted for the highest number of mortgages. Mortgages for investment properties and second residences remain significantly lower, with slight fluctuations year-over-year. These changes in occupancy type might matter for potential investors and real estate agents looking to understand market demand and for insurance agents and appraisers assessing risk and property values. Insights into whether the market skews towards primary residences or investment properties can guide decisions on portfolio diversification, property development, and community planning.
Economic Outlook
In Jefferson County, New York, the average taxable income per tax return has steadily risen from $44,227.19 in 2013 to $59,937.72 in 2021, signaling potential economic stability. Meanwhile, state and local income taxes showed fluctuations but saw a significant rise from $6,366.21 in 2014 to $11,618.92 in 2021. Total tax liabilities also increased from $6,357.48 in 2012 to $7,563.21 in 2021. This financial evolution might be relevant for property investors, real estate agents, and residents, as... Read more
Average Taxable Income per Tax Return in Jefferson County, NY over the last 9 years
In Jefferson County, New York, over the past nine years, the average taxable income per tax return has shown a steady increase. From $44,227.19 in 2013 to $59,937.72 in 2021, this upward trend may suggest a growing economic stability in the region, which is particularly relevant for potential investors and real estate agents. Homebuyers and property developers could see this as a positive indicator of long-term growth and prosperity in the area. However, insurance agents and appraisers might find these figures noteworthy when assessing coverages or property values, reinforcing the county’s evolving financial landscape.
Average State and Local Income Taxes Per Tax Return in Jefferson County, NY Over the Last 10 Years
Over the last decade, Jefferson County, New York has seen significant fluctuations in the average state and local income taxes per tax return. Starting at $7,028.81 in 2012, there was a noticeable dip in the subsequent years, with a low of $6,366.21 in 2014. However, from 2016 onward, a marked upward trend emerged, culminating in an average of $11,618.92 in 2021. This variability and recent increase are crucial for those interested in the area, as they impact the financial landscape for potential investors, property developers, real estate agents, insurance agents, and residents. Keeping an eye on such tax trends can offer valuable insights into the local economic environment and its implications.
Average Total Tax Liability Per Tax Return in Jefferson County, NY Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Jefferson County, New York has generally shown an upward trend, starting from $6,357.48 in 2012 and reaching $7,563.21 in 2021. This gradual increase, with some fluctuations, suggests that residents and investors might experience growing tax obligations. This could influence decisions for those considering property investments, moves, or staying informed about local financial trends.
Cost of Living in Jefferson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,650 | $1,488 | $1,373 | $2,161 | $1,640 |
| 2 adults 3 children | $1,650 | $1,216 | $1,336 | $2,161 | $1,430 |
| 1 adult 4 children | $1,650 | $1,215 | $864 | $2,161 | $1,768 |
| 1 adult 3 children | $1,650 | $992 | $827 | $2,161 | $1,589 |
| 2 adults 2 children | $1,221 | $995 | $1,299 | $1,883 | $1,151 |
| 1 adult 2 children | $1,221 | $743 | $790 | $1,883 | $1,206 |
| 2 adults 1 child | $1,221 | $786 | $1,263 | $979 | $1,033 |
| 1 adult 1 child | $1,221 | $508 | $753 | $979 | $891 |
| 2 adults | $928 | $632 | $905 | $0 | $715 |
| 1 adult | $816 | $345 | $453 | $0 | $608 |
Safety trends & Data
Jefferson County, New York, has seen fluctuating property crime rates over the past five years, with larceny-theft as the most common type, peaking at 463 incidents in 2018 and declining to 348 by 2022. Vandalism is also on a downward trend, from 191 cases in 2018 to 164 in 2022. Burglary rates have shown more variability, rising to 60 incidents in 2020 and then decreasing to 55 by 2022. Lesser offenses such as motor vehicle theft and arson have shown low but periodic fluctuations. These trends... Read more
Property Crime Trends in Jefferson County, NY Over the Last 5 Years
Property crime trends in Jefferson County, New York, have demonstrated fluctuating dynamics over the past five years, with notable consistency in certain areas. Larceny-theft remains the most prevalent type of property crime, peaking at 463 incidents in 2018 and witnessing a general decline to 348 incidents by 2022. Vandalism, another significant concern, also shows a downward trend from 191 cases in 2018 to around 164 cases in 2022. On the other hand, burglary saw variability, sharply rising to 60 incidents in 2020 before settling at 55 incidents in 2022. Lesser offenses like motor vehicle theft, arson, and various types of fraud and counterfeiting show relatively low but periodic fluctuations. These trends provide essential insights for potential investors, real estate agents, and residents in understanding the changing landscape of property crime in the area.
Demographics
In Jefferson County, New York, the male population slightly outnumbers females. Educational achievements show a diverse spread, with a significant portion having a high school diploma while the number of individuals attaining bachelor’s and graduate degrees indicates a presence of higher education. The age profile reveals a younger skew with notable populations in the 20 to 34 years brackets, aligning with local educational and employment opportunities. Race distribution reflects a... Read more
Race Distribution in Jefferson County, New York (2022)
Educational Attainment in Jefferson County, New York (2022)
Age Distribution in Jefferson County, New York
Citizen Population in Jefferson County, New York (2022)
Political Trends & Data
In Jefferson County, New York, the real estate market is likely influenced by its 2020 political landscape. With roughly 58% of the vote leaning Republican and 39% Democratic, the area shows a competitive and politically diverse environment. This mix could impact community services, local policies, and neighborhood development trends, making it a potentially dynamic place to invest or settle down. Minor parties also grabbed about 1.5%, indicating some interest in alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Jefferson County, New York, may have a majority leaning toward the Republican party with approximately 58% of the vote in the 2020 U.S. Presidential Election. Democrats garnered around 39% of the vote, indicating a competitive political landscape. Minor parties like the Libertarians and Greens collectively captured just over 1.5% of the vote, highlighting limited but existent alternative political preferences. This data may suggest a strong Republican presence yet acknowledges a noteworthy Democratic footprint, painting a picture of political diversity within the county.
58.08% of voters voted for the Republican party in the 2020 Presidential Election
39.22% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Livertarian party in the 2020 Presidential Election
0.42% of voters voted for the Green party in the 2020 Presidential Election
1.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
Jefferson County, New York, has seen shifts in its student-to-teacher ratio, peaking at 15:1 in 2017, above the national average. Recent years have shown a significant decrease to around 12:1 by 2023. This trend could entice families seeking quality education, potentially driving up property demand and values. For appraisers and insurance agents, these fluctuations might impact risk assessments and property appraisals, aligning with local development and resource allocation... Read more
Student-to-teacher ratio in Jefferson County, New York over the last 10 years
Jefferson County, New York, has seen fluctuations in its student-to-teacher ratio over the past decade, with a notable peak in 2017 at 15 students per teacher, which is above the current national average of 14 students per teacher. More recently, the ratio has decreased significantly, reaching as low as 12 students per teacher in 2022 and slightly improving to 12 in 2023. These changes are crucial for investors, potential residents, and those involved in education and real estate, as a lower student-to-teacher ratio could indicate better educational quality, which might attract families and enhance property values. Conversely, higher ratios could signal potential challenges in educational outcomes and may affect local school funding and community interest. For appraisers and insurance agents, these fluctuations can impact risk assessments and property appraisals, aligning them with community development and resource allocation trends.
