Lewis County Real Estate and Livability Trends
Lewis County, New York, seems to be experiencing a consistent rise in average taxable incomes, hitting $59,942.18 in 2021, suggesting a possible uptick in economic strength that could be promising for real estate investors. Median home values have appreciated from $117,300 in 2015 to $146,100 in 2022, reflecting a steady but modest growth. While average real estate taxes have surged to $5,912.00... Read more
Lewis County Market Trends
Median home values in Lewis County, New York, increased from $117,300 in 2015 to $146,100 in 2022, suggesting a steady appreciation in property values despite remaining below state and national medians. Spikes in residential energy tax credits, peaking at $2,525.00 in 2018, point to changes in incentives that could attract investments in energy-efficient homes. Average real estate taxes have... Read more
Median Value of Occupied Housing Units in Lewis County, New York Over the Last 8 Years
Median home values in Lewis County, New York, have experienced a growth trajectory over the past eight years, climbing from $117,300 in 2015 to $146,100 in 2022. While still significantly lower than the state median of $384,100 and the national median of $179,400 in 2022, Lewis County offers a potentially more affordable entry point into the housing market. This could attract real estate investors and first-time homebuyers seeking more competitive home values compared to both state and national levels. Moreover, the upward trend suggests a gradual yet steady appreciation in property values, which may offer appealing long-term investment opportunities.
Residential Energy Tax Credit Per Tax Return in Lewis County, NY Over the Last 9 Years
Residential energy tax credits in Lewis County, New York, have shown significant fluctuations over the past nine years. From a steady range of roughly $350.00-$375.00 between 2013 and 2015, there were notable spikes, especially in 2017 and 2018, when the average credit shot up to $863.64 and $2525.00, respectively. Such peaks suggest key changes in either local or federal incentives, making Lewis County a potentially attractive focus for those interested in renewable energy investments or energy-efficient home improvements. Although the average credit returned to a more moderate range of $733.33-$1006.25 in recent years, these trends could influence appraisals, insurance considerations, and the overall appeal of residential properties in the area.
Average Real Estate Taxes Per Tax Return in Lewis County, NY Over the Last 10 Years
Lewis County, New York has experienced a noticeable upward trend in average real estate taxes per tax return over the last 10 years. From an average of $3,664.82 in 2012, the figure has climbed consistently, peaking at $5,912.00 in 2021. Notably, the increases were more pronounced in recent years, with a steep rise from $5,071.88 in 2018 to $5,903.33 in 2019. This trend might cause property investors and buyers to factor in higher tax liabilities, potentially impacting overall affordability and influencing real estate market dynamics. For insurance agents and appraisers, these fluctuations underscore evolving local economic conditions, while real estate agents may need to counsel clients on tax implications more frequently.
Percentage of Farm Returns in Lewis County, NY Over the Last 10 Years
Farm tax returns in Lewis County, New York have shown mild fluctuations over the past decade, with the percentage typically hovering around 5%. The highest rate was observed in 2013 at approximately 5.05%, while the lowest was in 2020 at about 4.43%. These numbers might suggest a stable farming economy with slight declines, potentially useful for investors or those looking to engage in the agricultural sector. Understanding these trends could help in assessing the viability and financial health of farming investments in the area.
Number of Mortgages by Occupancy Type in Lewis County, NY Over the Last 5 Years in Lewis County
Lewis County, New York, shows noticeable fluctuations in mortgage counts by occupancy type over the past five years. While principal residences consistently dominate the market, minor but intriguing shifts are seen in investment and second residences. For those looking to invest, changes in occupancy type might signal emerging trends or potential opportunities. Appraisers and real estate agents should note the steadiness in principal residence mortgages, which could impact property values and market stability. Insurers and builders may also find value in understanding these trends, as they inform risk assessment and development focus areas. Those moving to or living in Lewis County might see these metrics as indicative of the county's evolving housing preferences and economic health.
Economic Outlook
Lewis County, New York has seen a consistent increase in the average taxable income per tax return, reaching $59,942.18 in 2021. This trend could hint at a strengthening local economy, making it attractive for real estate investors and developers. Additionally, average state and local income taxes have fluctuated but shown a significant upward trend from $4,935.75 in 2013 to $7,891.30 in 2021, signaling potential policy changes or economic growth. The total tax liability per return also rose... Read more
Average Taxable Income per Tax Return in Lewis County, NY over the last 9 years
Over the past nine years, Lewis County, New York has seen a steady rise in the average taxable income per tax return, culminating in a noticeable jump to $59,942.18 in 2021. This upward trend may indicate a strengthening local economy, which could be an attractive factor for potential investors and real estate developers. For insurers and appraisers, the consistent income growth points to potentially higher value properties and an overall more robust market in the county.
Average State and Local Income Taxes Per Tax Return in Lewis County, NY Over the Last 10 Years
Over the last decade, Lewis County in New York has seen fluctuations in average state and local income taxes per tax return, with a significant upward trend. The taxes ranged from approximately $4,935.75 in 2013 to about $7,891.30 in 2021. Dramatic increases are particularly notable from 2017 onwards, which could suggest a stronger local economy or potential policy changes impacting tax rates. For investors and those considering relocation, understanding these tax trends is crucial for financial planning and property valuation.
Average Total Tax Liability Per Tax Return in Lewis County, NY Over the Last 10 Years
Over the past decade, Lewis County, New York has witnessed a general upward trend in the average total tax liability per tax return, growing from approximately $5,485.78 in 2012 to around $7,495.25 in 2021. This increase, peaking in 2021, suggests potentially higher incomes or changes in tax policy that could impact taxpayers. For real estate investors and potential home buyers, this might indicate a more affluent area with significant revenue, which could be a consideration for property valuations and investment decisions. Meanwhile, insurance agents and appraisers might find the upward trend useful for adjusting coverage limits and understanding community financial health.
Cost of Living in Lewis County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,111 | $1,347 | $1,382 | $1,610 | $1,135 |
| 2 adults 3 children | $1,111 | $1,101 | $1,348 | $1,610 | $961 |
| 1 adult 4 children | $1,111 | $1,100 | $861 | $1,610 | $1,225 |
| 1 adult 3 children | $1,111 | $898 | $828 | $1,610 | $1,042 |
| 2 adults 2 children | $899 | $901 | $1,315 | $1,396 | $906 |
| 1 adult 2 children | $899 | $673 | $795 | $1,396 | $872 |
| 2 adults 1 child | $899 | $712 | $1,282 | $698 | $872 |
| 1 adult 1 child | $899 | $460 | $761 | $698 | $707 |
| 2 adults | $692 | $572 | $928 | $0 | $665 |
| 1 adult | $685 | $312 | $464 | $0 | $602 |
Safety trends & Data
Lewis County, New York has seen varying trends in property crimes over the past five years. Larceny-theft remains the most frequent offense with a notable dip in 2020, while vandalism peaked at 23 incidents in 2018 and dropped to 12 by 2021. Interesting spikes, like the sudden increase in stolen property cases in 2022 and a significant rise in burglary incidents toward the end of the observed period, suggest changes in law enforcement practices, economic conditions, or community programs.... Read more
Property Crime Trends in Lewis County, NY Over the Last 5 Years
Lewis County, New York has seen varying trends in property crimes over the past five years. While larceny-theft consistently remains the most frequent offense with a notable dip in 2020, vandalism has also been relatively common, peaking at 23 incidents in 2018 and dropping to its lowest at 12 by 2021. Interesting spikes are observed in certain years, such as a sudden increase in stolen property cases in 2022 and a significant rise in burglary incidents toward the end of the observed period. These fluctuations could suggest changes in law enforcement practices, economic conditions, or community programs, which prospective investors, insurance agents, and real estate agents should monitor closely.
Demographics
In Lewis County, New York, the adult population shows a nearly balanced gender distribution. Educational attainment leans heavily towards high school graduates, with a noticeable drop-off at advanced degrees. Age-wise, the county has more residents in the 55 to 64 age group compared to younger categories like 20 to 24 years. The racial makeup is predominantly White, with minimal representation from other racial groups. These trends might suggest a community with an aging demographic, potential... Read more
Race Distribution in Lewis County, New York (2022)
Educational Attainment in Lewis County, New York (2022)
Age Distribution in Lewis County, New York
Citizen Population in Lewis County, New York (2022)
Political Trends & Data
Lewis County, New York, potentially shows a strong conservative inclination, with the Republican party possibly getting around 68% of the vote in the 2020 U.S. Presidential Election. Democrats might have received nearly 29%, while third parties shared just over 2%. This voter pattern suggests a predominantly Republican, and likely conservative, community in this county, which could influence local real estate trends, from property values to the types of developments... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Lewis County, New York, appeared to lean heavily towards the Republican party, which possibly garnered approximately 68% of the vote. Democrats might have secured close to 29%, with Libertarians, Greens, and other parties collectively receiving just over 2% of the total votes. This distribution suggests a strong Republican preference in this county, hinting at a potentially conservative voter base.
68.23% of voters voted for the Republican party in the 2020 Presidential Election
29.33% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Green party in the 2020 Presidential Election
1.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Lewis County, New York, the student-to-teacher ratio has fluctuated over the past decade, peaking at 17 in 2016 and dropping to just under 11 in 2020. Currently around 12, this is slightly below the national average of 14 students per teacher. Such class size variations could influence real estate values, school funding, and family relocation decisions. Lower ratios might signal better educational support, making the county potentially more appealing to families with school-aged children.... Read more
Student-to-teacher ratio in Lewis County, New York over the last 10 years
In Lewis County, New York, the student-to-teacher ratio has fluctuated over the past decade, peaking at 17 in 2016 and dropping to just under 11 in 2020. Currently, the ratio hovers around 12, slightly below the national average of 14 students per teacher. Such variations in class sizes could impact real estate values, school funding, and family decisions to move into the area. Potential investors and real estate agents might view lower ratios as a sign of better educational support, possibly making the county more attractive for families with school-aged children. These trends can provide useful data for appraisers and insurance agents when assessing property values and risks associated with local educational quality.
