Livingston County Real Estate and Livability Trends
Livingston County, New York has seen a significant rise in average taxable income, jumping from $51,611.31 in 2013 to $68,928.39 in 2021, suggesting a burgeoning local economy. Real estate taxes have climbed to an average of $7,857.73 in 2021, indicating potential property value increases but also higher costs. Simultaneously, a lower median home value of $159,900 in 2022 remains relatively... Read more
Livingston County Market Trends
Livingston County, New York, has seen a steady increase in median home values over the past eight years, with 2022 reaching $159,900. This remains lower than New York State's median of $384,100, and slightly more affordable than the national median of $179,400, highlighting a promising yet budget-friendly market. Spikes in residential energy tax credits, notably peaking at $4,871.43 in 2018,... Read more
Median Value of Occupied Housing Units in Livingston County, New York Over the Last 8 Years
Over the past eight years, median home values in Livingston County, New York have shown a steady increase, reaching $159,900 in 2022. While still below New York State's median value of $384,100, Livingston County’s growth rate appears promising. Compared to the national median of $179,400 in 2022, Livingston County’s housing market is more affordable, potentially offering value for those looking to invest or relocate. This affordability, combined with consistent growth, makes Livingston County an appealing option for property developers and homebuyers alike.
Residential Energy Tax Credit Per Tax Return in Livingston County, NY Over the Last 9 Years
In Livingston County, New York, there has been some significant fluctuation in the average residential energy tax credit per tax return over the past nine years. While the amounts hovered around $400.00 to $700.00 between 2013 and 2016, there was a notable spike in 2017 at around $1,010.53, and an even more dramatic increase in 2018 reaching approximately $4,871.43. Post-2018, the values settled back down but remained above earlier years, indicating potential periodic boosts in energy-related incentives. This variability points to a regional trend of increased investment in residential energy efficiency during certain periods, which might reveal opportunities for investors, real estate agents, and homeowners looking at energy-efficient property initiatives.
Average Real Estate Taxes Per Tax Return in Livingston County, NY Over the Last 10 Years
Livingston County, New York has seen a notable increase in average real estate taxes per tax return over the past decade, peaking at approximately $7,857.73 in 2021. This upward trend, starting from around $5,246.17 in 2012, suggests a potentially growing tax burden for property owners. For investors, this may indicate rising property values yet also increased costs. Homebuyers and real estate agents might find this data valuable in assessing future property expenses, while insurance agents might consider this in risk assessments. Builders and appraisers should note the impact of such tax trends on overall property appeal and market stability.
Percentage of Farm Returns in Livingston County, NY Over the Last 10 Years
The percentage of farm returns in Livingston County, New York, has exhibited relatively stable but slightly fluctuating trends over the last decade, hovering around the 2% mark. In 2012, the percentage stood at approximately 2.06%, with minor increases and decreases observed over the years, reaching around 1.82% in 2021. Farm tax returns capture the proportion of tax filings that report farm income, which could reflect the area's agricultural activity and its economic emphasis on farming. This data is crucial for those investing in, moving to, or developing property in Livingston County, as it highlights the significance of agriculture to the local economy and could influence property values and the types of services and infrastructure that are economically viable in the region.
Number of Mortgages by Occupancy Type in Livingston County, NY Over the Last 5 Years in Livingston County
The trends in Livingston County, New York show that principal residence mortgages substantially outnumber those for investment and second residences. Notably, 2021 saw a peak with 2,535 mortgages for principal residences, while investment and second residence mortgages remained relatively low and stable across the years. This information is crucial for investors and real estate agents as increasing principal residence mortgages may indicate growing demand for family or individual housing, potentially making the area a hot spot for residential development. For insurance agents and appraisers, understanding these occupancy types helps in assessing risk and value more accurately. Meanwhile, low variation in investment property mortgages might suggest a stable but less aggressive investment environment compared to other areas.
Economic Outlook
Livingston County, New York has seen a noteworthy rise in average taxable income per tax return, climbing from $51,611.31 in 2013 to $68,928.39 in 2021. This suggests an emerging economy that might pique the interest of investors and attract new residents. Simultaneously, state and local income taxes have surged significantly from $5,415.91 in 2012 to $12,620.24 in 2021, with remarkable peaks in 2018 and 2020 potentially due to policy changes or economic fluctuations. The total tax liability... Read more
Average Taxable Income per Tax Return in Livingston County, NY over the last 9 years
Livingston County, New York has seen a gradual increase in average taxable income per tax return over the past nine years, with figures rising from $51,611.31 in 2013 to $68,928.39 in 2021. This trend suggests a potentially growing economy which might attract investors and new residents. Real estate agents and property developers might find it appealing to explore opportunities here, while appraisers and insurance agents would benefit from understanding these shifts in taxable income as they assess property values and risks.
Average State and Local Income Taxes Per Tax Return in Livingston County, NY Over the Last 10 Years
Over the past decade, Livingston County, New York has experienced a significant increase in average state and local income taxes per tax return, with amounts rising from $5,415.91 in 2012 to $12,620.24 in 2021. Noteworthy spikes in 2018 and 2020, at $9,233.65 and $11,626.14 respectively, hint at possible policy changes or economic shifts influencing the area. Such trends are crucial for potential investors and new residents, as local tax rates directly impact financial planning and living costs, while appraisers and real estate agents might also find this data relevant in assessing property values and market conditions in the region.
Average Total Tax Liability Per Tax Return in Livingston County, NY Over the Last 10 Years
Livingston County, New York, has shown a general upward trend in average total tax liability per tax return over the past decade, peaking at $9,496.88 in 2021. This indicates a potential increase in income levels or changes in tax policies affecting residents. For investors, real estate agents, and those considering a move, it's crucial to note that these rising liabilities may reflect both economic growth and a more robust taxation framework in the area. Additionally, appraisers and insurance agents should consider these figures when assessing property values and insurance premiums, given their impact on the county's overall financial landscape.
Cost of Living in Livingston County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,257 | $1,508 | $1,448 | $2,220 | $1,552 |
| 2 adults 3 children | $1,257 | $1,232 | $1,411 | $2,220 | $1,342 |
| 1 adult 4 children | $1,257 | $1,232 | $909 | $2,220 | $1,661 |
| 1 adult 3 children | $1,257 | $1,006 | $872 | $2,220 | $1,472 |
| 2 adults 2 children | $1,033 | $1,008 | $1,375 | $1,934 | $1,170 |
| 1 adult 2 children | $1,033 | $753 | $835 | $1,934 | $1,213 |
| 2 adults 1 child | $1,033 | $797 | $1,338 | $1,006 | $1,037 |
| 1 adult 1 child | $1,033 | $515 | $798 | $1,006 | $901 |
| 2 adults | $828 | $640 | $958 | $0 | $747 |
| 1 adult | $731 | $349 | $479 | $0 | $614 |
Safety trends & Data
Livingston County, New York, has experienced varying property crime trends over the past five years. Larceny-theft incidents peaked at 139 in 2018 but dropped to 23 in 2021, only to rise again to 99 in 2022. Burglary arrests have been relatively stable, averaging around 22-27 annually, except for a drop to 16 in 2021. Vandalism showed a steady increase, hitting 42 arrests in both 2019 and 2022. Motor vehicle theft has remained minimal, with 4-7 incidents each year. Fraud and... Read more
Property Crime Trends in Livingston County, NY Over the Last 5 Years
Livingston County, New York, has seen fluctuating property crime trends over the last five years. Larceny-theft is the most prevalent, peaking at 139 incidents in 2018 before dipping to 23 in 2021 and slightly rising to 99 in 2022. Burglary figures show a somewhat stable but low number, averaging around 22-27 arrests annually, except in 2021 where it dropped to 16. Vandalism holds a steady increase, reaching 42 arrests in 2019 and again climbing near that figure in 2022 after a drop in 2020 and 2021. Motor vehicle theft remains relatively minor, with numbers consistently hovering around 4-7 incidents each year. Fraud and Forgery-Counterfeiting's noticeable decline suggests improved preventive measures or reporting. These trends matter: prospective investors, realtors, and insurance agents can benefit from understanding the risk landscape while residents and potential movers may find lower property crime rates appealing.
Demographics
Livingston County, New York exhibits a balanced gender distribution among its adult population with a slight tilt towards females. The majority of residents possess at least a high school diploma, but higher education achievements are also significant, showcasing a diverse range of educational backgrounds. The age demographics reveal a substantial portion of the population falling within the 55 to 64 age bracket, likely indicating a seasoned workforce nearing retirement. Predominantly white,... Read more
Race Distribution in Livingston County, New York (2022)
Educational Attainment in Livingston County, New York (2022)
Age Distribution in Livingston County, New York
Citizen Population in Livingston County, New York (2022)
Political Trends & Data
Livingston County, New York, leaned Republican in the 2020 Presidential Election, with approximately 57% of votes cast for the GOP. Democrats received around 39%, and minor parties collectively made up about 3.2% of the vote. This may hint at a conservative-leaning political environment but also underscores a degree of political diversity with some support for smaller... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Livingston County, New York, showed a leaning towards Republican candidates in the 2020 U.S. Presidential Election with approximately 57% support. Democrats trailed behind with around 39%, while Libertarians and Green party candidates garnered roughly 1.5% and 0.4%, respectively. Votes for other parties made up about 1.3% of the total. This suggests a potential Republican majority in the region, although the data indicates a diverse political landscape with minor party influences.
57.44% of voters voted for the Republican party in the 2020 Presidential Election
39.41% of voters voted for the Democrat party in the 2020 Presidential Election
1.45% of voters voted for the Livertarian party in the 2020 Presidential Election
0.40% of voters voted for the Green party in the 2020 Presidential Election
1.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Livingston County, New York, has experienced a decline in its student-to-teacher ratio, falling from above twelve students per teacher in 2014 to under ten. This is below the national average of fourteen students per teacher, potentially making the area more attractive to families and investors due to the possibility of more individualized educational attention. Such trends might also elevate property values, influencing appraisers and insurance agents in the... Read more
Student-to-teacher ratio in Livingston County, New York over the last 10 years
Over the last decade, Livingston County, New York has seen a noticeable decline in its student-to-teacher ratio, dropping from above twelve students per teacher in 2014 to under ten in recent years. This ratio is significantly below the current US national average of fourteen students per teacher. Such a trend could be appealing to investors, families considering relocation, and real estate agents, as smaller class sizes are often associated with more individualized attention and potentially better educational outcomes. This shift may also impact appraisers and insurance agents, as properties in areas with strong educational indicators like lower student-to-teacher ratios might be perceived as more valuable.
