Montgomery County Real Estate and Livability Trends
In Montgomery County, New York, real estate market trends show substantial growth, with median home values rising from $101,600 in 2015 to $132,300 in 2022. This trend may hint at promising investment opportunities. Concurrently, average state and local income taxes have jumped from about $4,830.65 in 2012 to approximately $8,067.24 in 2021, signaling a growing tax burden but also reflecting... Read more
Montgomery County Market Trends
Montgomery County, New York's real estate market presents unique opportunities for budget-conscious buyers and investors due to relatively lower median home values compared to state and national trends. The county's median home value rose from $101,600 in 2015 to $132,300 in 2022, suggesting a steady appreciation that could signal growth potential. Fluctuations in residential energy tax credits,... Read more
Median Value of Occupied Housing Units in Montgomery County, New York Over the Last 8 Years
Montgomery County, New York’s median home values have trailed both state and national trends, yet have shown a progressive increase. The county’s median value jumped from $101,600 in 2015 to $132,300 in 2022, which might be appealing for budget-conscious buyers or investors seeking growth potential. By comparison, New York State saw values climb from $283,400 to $384,100, and the national figures rose from $125,500 to $179,400 over the same period. This gap suggests that Montgomery County could be a more affordable option within the state while still showing healthy appreciation, making it an interesting prospect for those looking to invest in or move to the area.
Residential Energy Tax Credit Per Tax Return in Montgomery County, NY Over the Last 9 Years
Montgomery County, New York has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years. Starting at just $269.05 in 2013, there was a noticeable spike reaching up to $1,960.00 in 2018. Although the average dropped to $787.50 in 2019 and further to $582.86 in 2020, it then slightly recovered to $674.47 in 2021. For those looking to invest in or build property in this area, these tax credits could represent potential savings or incentives for energy-efficient residential investments. Real estate agents and appraisers might also find this trend noteworthy as it impacts the overall attractiveness and long-term value of properties in the county.
Average Real Estate Taxes Per Tax Return in Montgomery County, NY Over the Last 10 Years
Over the past decade in Montgomery County, New York, average real estate taxes per tax return have trended upwards, with notable jumps particularly between 2016 and 2018. By 2021, the average tax amount stabilized slightly below its peak, averaging around $6093.85. Such fluctuations may impact your financial forecasts if you're planning to invest in property here, as escalating taxes could influence the long-term affordability and profitability of real estate endeavors.
Percentage of Farm Returns in Montgomery County, NY Over the Last 10 Years
Over the past decade, Montgomery County, New York has seen a slight, yet consistent, decrease in the percentage of farm tax returns, starting at about 2.44% in 2012 and dipping to around 2.29% in 2021. Farm tax returns are filings made by farm owners for the purpose of reporting income and expenses related to their agricultural activities. This trend might suggest a slow decline in the number of active farms or profitability within the county, which could be pivotal for potential investors, developers, or anyone with an interest in the local agricultural economy. Such a shift could also impact property values, local markets, and community demographics, hinting at evolving priorities and economic conditions in the area.
Number of Mortgages by Occupancy Type in Montgomery County, NY Over the Last 5 Years in Montgomery County
Montgomery County, New York has seen varying trends in mortgage counts over the last five years, indicating fluctuations in property demand. Principal residences consistently dominate the scene, underscoring a robust local housing market with a high demand for primary living spaces. Investment properties, while fewer in number, have shown a relatively stable increase, hinting at growing interest in rental and revenue-generating properties. Second residences remain the smallest category, which might reflect limited appeal for seasonal or vacation homes. For investors, these trends suggest a stable yet opportunistic environment for securing rental properties. Those looking to move might find a healthy array of primary homes, while appraisers and insurers can note the steady principal home market as a sign of stable community growth. Builders and real estate agents can leverage the interest in both principal and investment properties to cater to market needs.
Economic Outlook
In Montgomery County, New York, the average taxable income per tax return has steadily climbed from around $43,911.39 in 2013 to roughly $58,485.86 by 2021, implying an improving local economy. Concurrently, average state and local income taxes have increased from about $4,830.65 in 2012 to approximately $8,067.24 in 2021, signaling a growing tax burden. Moreover, the total tax liability per tax return rose consistently to around $7,259.08 in 2021. This could indicate surging property values or... Read more
Average Taxable Income per Tax Return in Montgomery County, NY over the last 9 years
In Montgomery County, New York, the average taxable income per tax return has shown appreciable growth over the past nine years. Starting at approximately $43,911.39 in 2013, it increased steadily, reaching around $58,485.86 by 2021. This upward trend suggests a strengthening local economy, which might make the county more attractive for potential investors and property developers, while also potentially impacting real estate values and insurance costs.
Average State and Local Income Taxes Per Tax Return in Montgomery County, NY Over the Last 10 Years
Over the last decade, Montgomery County, New York has seen a steady increase in average state and local income taxes per tax return, climbing from around $4,830.65 in 2012 to approximately $8,067.24 in 2021. This upward trend suggests a growing tax burden for residents, which may be a key consideration for potential investors and those looking to relocate. Real estate agents and appraisers should note that higher local taxes can impact property values and overall market attractiveness. For insurance agents and builders, understanding this tax trend is crucial as it could influence the demand for new housing and insurance policies in the area.
Average Total Tax Liability Per Tax Return in Montgomery County, NY Over the Last 10 Years
Over the past decade, Montgomery County, New York has seen a notable increase in the average total tax liability per tax return, with figures rising from roughly $5,619.42 in 2012 to approximately $7,259.08 in 2021. The data observed a consistent rise each year, peaking in 2017 at around $6,898.98 before a slight dip and another increase in 2021. This upward trend suggests growing tax obligations, which could be a signal of rising property values or increased income levels, making it an essential factor for those considering investments, property development, or relocations in the area.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,115 | $1,468 | $1,688 | $1,610 | $1,224 |
| 2 adults 3 children | $1,115 | $1,199 | $1,655 | $1,610 | $1,034 |
| 1 adult 4 children | $1,115 | $1,199 | $1,044 | $1,610 | $1,253 |
| 1 adult 3 children | $1,115 | $979 | $1,010 | $1,610 | $1,061 |
| 2 adults 2 children | $889 | $982 | $1,622 | $1,396 | $952 |
| 1 adult 2 children | $889 | $733 | $977 | $1,396 | $874 |
| 2 adults 1 child | $889 | $776 | $1,588 | $698 | $915 |
| 1 adult 1 child | $889 | $501 | $944 | $698 | $707 |
| 2 adults | $751 | $623 | $1,143 | $0 | $708 |
| 1 adult | $747 | $340 | $572 | $0 | $610 |
Safety trends & Data
Montgomery County, New York has experienced fluctuating property crime trends over the past five years. Larceny-Theft has been the most consistent issue, peaking at 165 cases in 2020. Burglaries spiked to 31 in 2020 but dropped significantly by 2021, while Motor Vehicle Theft gradually increased, notably jumping to 16 in 2022. Vandalism also saw peaks in 2018 and 2022 with 63 incidents each year. These shifts could influence property investment decisions, real estate values, and insurance... Read more
Property Crime Trends in Montgomery County, NY Over the Last 5 Years
Montgomery County, New York, has seen variable trends in property crime over the last five years. Larceny-Theft cases have consistently been the highest, with a peak of 165 in 2020. Burglaries spiked to 31 in 2020 but dropped significantly by 2021. Motor Vehicle Theft has seen gradual increases, notably jumping to 16 in 2022. Vandalism peaked in 2018 and 2022 with 63 incidents each year, despite a dip in the interim period. These fluctuations could impact property investment decisions, real estate market values, and even insurance premiums, making it crucial for potential investors, developers, real estate agents, and residents to stay informed.
Demographics
Montgomery County, New York presents an interesting demographic profile. The gender split is fairly even with slightly more females than males. In terms of education, the majority have at least a high school diploma, but there is also a significant number with some college experience or an associate degree. Age-wise, the population seems evenly spread across various age groups, with a notable proportion of individuals over 55 years old. The racial composition is predominantly White, with... Read more
Race Distribution in Montgomery County, New York (2022)
Educational Attainment in Montgomery County, New York (2022)
Age Distribution in Montgomery County, New York
Citizen Population in Montgomery County, New York (2022)
Political Trends & Data
In Montgomery County, New York, the 2020 U.S. Presidential Election data reveals that Republican candidates may have secured close to 60% of the vote, while Democrats possibly garnered around 38%. This noticeable gap implies a strong Republican presence. Third-party candidates, such as those from the Libertarian and Green parties, collectively had less than 3%, highlighting their limited influence in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Montgomery County, New York, Republican candidates appear to have potentially secured a solid lead with nearly 60% of the vote in the 2020 U.S. Presidential Election. Meanwhile, Democrats might have garnered close to 38%, suggesting a noticeable gap between the two major parties. Libertarian and Green party candidates, along with other parties, collectively seemed to make up less than 3% of the vote, indicating limited third-party influence in this region.
59.99% of voters voted for the Republican party in the 2020 Presidential Election
37.55% of voters voted for the Democrat party in the 2020 Presidential Election
1.14% of voters voted for the Livertarian party in the 2020 Presidential Election
0.41% of voters voted for the Green party in the 2020 Presidential Election
0.92% of voters voted for the Other party in the 2020 Presidential Election
School Data
Montgomery County, New York has seen its student-to-teacher ratio drop from a peak of about 15 in 2018 to around 12 by 2023. This decline suggests a shift towards smaller class sizes, which might attract parents looking for more personalized educational environments for their children. With the student-to-teacher ratio sitting below the national average of 14, this could be a potential selling point for real estate agents, investors, and builders focusing on family-oriented neighborhoods. Lower... Read more
Student-to-teacher ratio in Montgomery County, New York over the last 10 years
Montgomery County, New York has experienced fluctuations in its student-to-teacher ratio over the past decade, peaking at around fifteen in 2018 before gradually declining to approximately twelve by 2023. This trend potentially indicates a shift towards smaller class sizes more recently, which could be appealing to parents prioritizing individualized attention for their children. Comparatively, the student-to-teacher ratio in Montgomery County now sits comfortably below the national average of fourteen, highlighting a potential selling point for real estate agents or investors looking to market residential properties in the area. Additionally, the lower ratio may interest appraisers and insurance agents as it might correlate with a favorable indicator of community investment in education. These trends are also relevant to builders aiming to develop family-oriented neighborhoods and anyone considering moving to, living in, or doing business in Montgomery County.
