Monroe County Real Estate and Livability Trends
Monroe County, New York's real estate market showcases a substantial increase in the median value of housing units, jumping from $138,600 in 2015 to $182,700 in 2022, suggesting a robust housing market that surpasses national trends but lags behind the state median. A rise in real estate taxes, from $6,289.08 in 2012 to $9,697.82 in 2021, possibly reflects valuation hikes or local fiscal... Read more
Monroe County Market Trends
Monroe County, New York has seen the median value of its housing units increase from $138,600 in 2015 to $182,700 in 2022, positioning it above the national median but well below the state median. Fluctuating energy tax credits peaked dramatically in 2018 at $2,719.28 before stabilizing, signaling potential policy shifts that could attract homeowners interested in tax incentives. Real estate... Read more
Median Value of Occupied Housing Units in Monroe County, New York Over the Last 8 Years
Monroe County, New York has seen the median value of its occupied housing units increase from $138,600 in 2015 to $182,700 in 2022. This growth is relatively modest compared to New York state's median values, which climbed from $283,400 to $384,100 over the same period. On the national level, the median home value went from $125,500 to $179,400. This positions Monroe County slightly above the national median but significantly below the state median, offering potential opportunities for investors and homebuyers looking for relatively affordable options within New York.
Residential Energy Tax Credit Per Tax Return in Monroe County, NY Over the Last 9 Years
Over the past nine years, Monroe County, New York has seen a notable fluctuation in the average residential energy tax credit per tax return. Starting at around $267.41 in 2013, it peaked dramatically in 2018 at $2,719.28 before stabilizing between $541.29 and $633.06 in the ensuing years. This volatility could signal changing policies or incentives aimed at energy efficiency, which might attract investors and homeowners interested in substantial tax credits. Understanding these trends is crucial for financial planning, especially for real estate agents, prospective movers, and insurance appraisers assessing property-related energy efficiency investments.
Average Real Estate Taxes Per Tax Return in Monroe County, NY Over the Last 10 Years
In Monroe County, New York, real estate taxes have seen a notable upward trend over the past decade. In 2012, the average real estate taxes per tax return were approximately $6,289.08, which has progressively risen each year to $9,697.82 by 2021. Such consistent increases could indicate a strengthening local property market but might also reflect higher property valuations or adjustments in local tax policies. This data is crucial for potential homeowners, investors, real estate agents, and appraisers considering the area, as it highlights ongoing changes in the cost of property ownership which may impact affordability and investment returns.
Percentage of Farm Returns in Monroe County, NY Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Monroe County, New York has remained relatively stable, fluctuating slightly between 0.14% and 0.13%. This steady trend might suggest a consistent presence of agricultural activity, albeit at a modest scale. For developers, investors, or new residents, this could imply limited, but stable agricultural opportunities. Farm tax returns are filed by agricultural businesses to report income and claim deductions unique to farming, and their stability might be a positive indicator for the rural economy in the area.
Number of Mortgages by Occupancy Type in Monroe County, NY Over the Last 5 Years in Monroe County
There seems to be a consistent dominance of principal residence mortgages in Monroe County, New York, with peaks in 2020 and 2021 likely reflecting broader housing market trends influenced by the pandemic. Notably, investment property mortgages showed a general increase until 2021 but saw some decline in 2022. This shift in occupancy types can affect market stability, influencing property values and affecting strategic decisions for investors and developers. Appraisers and real estate agents might find higher risk associated with fluctuating investment property trends, while insurance agents must account for these changes when underwriting policies. Overall, these trends provide valuable insights into the evolving landscape of property ownership within the region.
Economic Outlook
Monroe County, New York has witnessed a steady increase in average taxable income per tax return, rising from $58,724.03 in 2013 to $79,613.10 in 2021. This trend suggests growing economic stability and earning power, which may be appealing for investors and homebuyers. Meanwhile, state and local income taxes have also surged, peaking at $16,495.14 in 2021, potentially affecting disposable income and investment decisions. The upward trajectory in total tax liabilities, with peaks in 2015 and... Read more
Average Taxable Income per Tax Return in Monroe County, NY over the last 9 years
Monroe County, New York has seen a consistent upward trend in average taxable income per tax return over the past nine years, rising from approximately $58,724.03 in 2013 to around $79,613.10 in 2021. This growth indicates potential economic stability and increasing earning power, which could be attractive for investors, real estate professionals, and individuals considering relocation. The noticeable leap in 2021 might be partially attributed to pandemic-related economic shifts, making it a critical point of interest for financial analysts and policy makers.
Average State and Local Income Taxes Per Tax Return in Monroe County, NY Over the Last 10 Years
Over the past decade, Monroe County, New York has seen a notable increase in state and local income taxes per tax return. Starting at approximately $7,212.56 in 2012, it gradually rose to $8,479.10 by 2017 before a significant jump to $12,380.64 in 2018. The peak was in 2021, reaching $16,495.14. These rising tax rates could influence decision-making for potential investors, home buyers, and businesses considering the area, as higher taxes often correlate with increased funding for public services but may also affect disposable income.
Average Total Tax Liability Per Tax Return in Monroe County, NY Over the Last 10 Years
Over the last decade, Monroe County, New York has experienced a general upward trend in average total tax liability per tax return. Notable peaks were seen in 2015 and 2021, with tax liabilities reaching $11526.12 and $13149.42 respectively. However, it’s interesting to see slight dips in 2016 and 2018, hinting at some volatility in tax liabilities. This fluctuation could be crucial for potential investors, property developers, and real estate agents considering the area, as it might reflect broader economic shifts or tax policy changes that impact financial planning.
Cost of Living in Monroe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,478 | $1,580 | $1,448 | $2,670 | $1,798 |
| 2 adults 3 children | $1,478 | $1,291 | $1,411 | $2,670 | $1,572 |
| 1 adult 4 children | $1,478 | $1,291 | $909 | $2,670 | $1,897 |
| 1 adult 3 children | $1,478 | $1,054 | $872 | $2,670 | $1,711 |
| 2 adults 2 children | $1,215 | $1,057 | $1,375 | $2,335 | $1,334 |
| 1 adult 2 children | $1,215 | $789 | $835 | $2,335 | $1,395 |
| 2 adults 1 child | $1,215 | $835 | $1,338 | $1,243 | $1,111 |
| 1 adult 1 child | $1,215 | $540 | $798 | $1,243 | $1,003 |
| 2 adults | $973 | $671 | $958 | $0 | $748 |
| 1 adult | $859 | $366 | $479 | $0 | $614 |
Safety trends & Data
Monroe County, New York has seen fluctuating property crime trends over the past five years, with larceny-theft incidents peaking at 2,871 in 2018 and dropping to 1,648 in 2021 before rising again in 2022. Burglary rates have been fairly steady but had noticeable spikes around 2018 and 2022. Motor vehicle thefts also showed a modest rise in 2022. Arson incidents spiked notably in 2020 and 2022, though they typically remain low in number. Vandalism has generally trended downward, while fraud and... Read more
Property Crime Trends in Monroe County, NY Over the Last 5 Years
Monroe County, New York has seen fluctuating property crime trends over the past five years. The number of larceny-theft incidents, which is the most frequent type of property crime, peaked in 2018 at 2,871 and saw a minimum in 2021 at 1,648 before rising again in 2022. Burglary rates remained fairly steady, with minor increases and decreases but experienced higher occurrences around 2018 and 2022. Motor vehicle thefts have stayed relatively constant but with a slight increase in 2022. Meanwhile, arson incidents, although lower in number, spiked notably in 2020 and 2022. Vandalism incidents generally trended downward, while crimes like fraud and embezzlement maintained low and stable figures. These insights could prove crucial for potential investors, real estate agents, and current residents in assessing the local property crime landscape.
Demographics
Monroe County, New York, features a fairly balanced gender demographic with males slightly outnumbered by females. The county's educational attainment reveals a substantial portion holding at least a high school diploma, and a notable number with bachelor’s degrees or higher. Age distribution skews younger, with a significant number of residents under 35. The racial composition is predominantly White, but there is a substantial representation of African Americans and smaller yet diverse... Read more
Race Distribution in Monroe County, New York (2022)
Educational Attainment in Monroe County, New York (2022)
Age Distribution in Monroe County, New York
Citizen Population in Monroe County, New York (2022)
Political Trends & Data
Monroe County in New York showed a noticeable preference for Democratic candidates during the 2020 Presidential Election, with roughly 58.9% of the vote going to Democrats and around 37.9% to Republicans. This voter inclination might suggest a lean towards progressive policies, which could impact regional development and public services. The support for smaller parties like the Libertarians and Greens remained minimal, with each collecting less than 1.5% of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Monroe County in New York showed a notable preference for Democratic candidates during the 2020 U.S. Presidential Election, with around 58.9% of the vote. Republicans garnered approximately 37.9%, while smaller parties like the Libertarians and Greens captured less than 1.5% each. This likely suggests a leaning towards progressive policies and candidates among the county's voters.
37.98% of voters voted for the Republican party in the 2020 Presidential Election
58.86% of voters voted for the Democrat party in the 2020 Presidential Election
1.27% 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
1.49% of voters voted for the Other party in the 2020 Presidential Election
School Data
Monroe County, New York has seen a downward trend in the student-to-teacher ratio from 13 students per teacher in 2014 to about 12 students per teacher in 2023, compared to the U.S. national average of 14 students per teacher. For investors, homeowners, and real estate developers, this could hint at an emphasis on educational quality, potentially boosting local property values. Appraisers and insurance agents might also find this metric useful for assessing properties and mitigating risks... Read more
Student-to-teacher ratio in Monroe County, New York over the last 10 years
In Monroe County, New York, the student-to-teacher ratio has generally trended downward over the past decade, moving from 13 students per teacher in 2014 to approximately 12 students per teacher in 2023. This indicates smaller class sizes compared to the current U.S. national average of 14 students per teacher. For potential investors, homeowners, and real estate developers, this trend might suggest a focus on maintaining or improving educational quality. Appraisers and insurance agents might use this information to assess property values and risks linked to local school performance. Lower ratios can also be a draw for families relocating to the area, enhancing the appeal of local real estate markets.
