Nassau County Real Estate and Livability Trends
In Nassau County, New York, the average taxable income per tax return has surged from $98,723.53 in 2013 to $147,553.72 in 2021, signaling potential rising wealth among residents likely due to economic shifts and increased property values. Median home values have also climbed, from $446,400 in 2015 to $633,800 in 2022, far outpacing national and state averages, suggesting a robust real estate... Read more
Nassau County Market Trends
Nassau County, New York, has experienced a notable climb in median home values, jumping from $446,400 in 2015 to $633,800 in 2022, far outpacing both national and New York State averages. Residential energy tax credits also surged, peaking at $4,087.77 in 2018, reflecting a growing focus on energy-efficient homes. Meanwhile, real estate taxes per tax return have steadily increased, reaching... Read more
Median Value of Occupied Housing Units in Nassau County, New York Over the Last 8 Years
Nassau County, New York, has experienced a consistently upward trend in median home values over the past eight years, with an increase from $446,400 in 2015 to $633,800 in 2022. This rise is significantly steeper compared to the national figures, which grew from $125,500 to $179,400 in the same period. Even when compared to New York State's overall growth—from $283,400 to $384,100—Nassau County shows a much more accelerated appreciation. This could indicate a robust demand for properties in Nassau County, possibly driven by factors such as local economic conditions, desirability, and limited housing supply.
Residential Energy Tax Credit Per Tax Return in Nassau County, NY Over the Last 9 Years
Nassau County, New York, has seen a notable increase in the average residential energy tax credit per tax return over the past nine years. Starting at around $587.54 in 2013, the average amount rose significantly, peaking at $4,087.77 in 2018, although it declined to $2,349.31 by 2021. This upward trend, despite some fluctuations, suggests a growing investment in energy-efficient home improvements. For investors, real estate agents, and those building property, this might indicate a rising demand for energy-conscious homes and a more favorable market for eco-friendly investments.
Average Real Estate Taxes Per Tax Return in Nassau County, NY Over the Last 10 Years
Nassau County, New York has seen a steady rise in real estate taxes per tax return over the past decade, with the average amount paid increasing from $11,645.31 in 2012 to $15,566.80 in 2021. Notable increases occurred between 2016 and 2017, when taxes jumped from $12,855.15 to $14,096.85, and between 2018 and 2019, when they rose from $13,621.24 to $14,559.08. For those considering investments, property development, or real estate purchases in the area, these trends may imply higher homeownership costs. Insurance agents and appraisers might also find these rising taxes relevant for risk assessment and valuation purposes.
Percentage of Farm Returns in Nassau County, NY Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Nassau County, New York, has shown a slight decline. Starting at approximately 0.019% in 2012, the percentage dipped to a low of 0.014% by 2020, with a modest rise to around 0.018% in 2021. Farm tax returns indicate the number of tax filings identifying as farm income, and this trend suggests a potential decline in agricultural activity or farm-related income in the county. For those looking to invest, move to, or build property in the area, this trend could imply lesser focus or dwindling opportunities in agriculture, potentially influencing land use and economic decisions.
Number of Mortgages by Occupancy Type in Nassau County, NY Over the Last 5 Years in Nassau County
Over the last five years, Nassau County, New York, has seen fluctuations in mortgage counts across different occupancy types. Principal residences consistently dominate mortgage counts, with a notable peak in 2020. Investment properties have shown a steady but lower count compared to principal residences, while second residences remain the least common, showing slight variability each year. Changes in occupancy types could signal shifting market demands and investor confidence, affecting property values, insurance risks, and development opportunities. This dynamic impacts appraisals, real estate investments, and insurance rates, offering a nuanced understanding of the local housing market.
Economic Outlook
Over the past decade, Nassau County, New York has experienced substantial growth in average taxable income per tax return, climbing from roughly $98,723.53 in 2013 to about $147,553.72 in 2021. This increase may suggest rising wealth among residents and could be driven by post-pandemic economic shifts or increased property values. Moreover, the county has seen a significant rise in average state and local income taxes, almost tripling from approximately $13,684.65 in 2012 to $32,368.37 in 2021;... Read more
Average Taxable Income per Tax Return in Nassau County, NY over the last 9 years
Over the past nine years, Nassau County, New York has shown a general upward trend in average taxable income per tax return. In 2013, the average stood at roughly $98,723.53 and saw significant increases over the years, peaking in 2021 at approximately $147,553.72. This trend suggests an overall growth in wealth among residents. The sharp rise in 2021 could be influenced by post-pandemic economic adjustments or increased real estate values, making the area potentially attractive to investors, real estate agents, and anyone interested in property or financial services in Nassau County.
Average State and Local Income Taxes Per Tax Return in Nassau County, NY Over the Last 10 Years
Over the past decade, Nassau County, New York has shown a noticeable increase in average state and local income taxes per tax return, with figures rising from approximately $13,684.65 in 2012 to a substantial $32,368.37 in 2021. This sharp increase, particularly evident after 2017, may influence investment decisions, real estate behaviors, and living costs, potentially being a factor for prospective residents and stakeholders to weigh. The significant jumps in 2018 and beyond could impact appraisals, insurance rates, and overall market dynamics.
Average Total Tax Liability Per Tax Return in Nassau County, NY Over the Last 10 Years
Over the past decade, Nassau County, New York, has seen a steady rise in average total tax liability per tax return, beginning at $22,121.22 in 2012 and peaking at $33,767.09 in 2021. Such an upward trend indicates a possible increase in property values or incomes within the county, offering potential upsides for real estate investments. However, these rising liabilities may also elevate costs for prospective buyers and existing homeowners, making it essential for appraisers and insurance agents to adjust valuations and premiums accordingly. This financial evolution reflects local economic factors that impact both market participants and residents.
Cost of Living in Nassau County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $2,987 | $1,689 | $1,749 | $3,652 | $3,303 |
2 adults 3 children | $2,987 | $1,380 | $1,712 | $3,652 | $3,095 |
1 adult 4 children | $2,987 | $1,379 | $1,088 | $3,652 | $3,255 |
1 adult 3 children | $2,987 | $1,126 | $1,051 | $3,652 | $3,049 |
2 adults 2 children | $2,324 | $1,130 | $1,675 | $3,161 | $2,523 |
1 adult 2 children | $2,324 | $844 | $1,015 | $3,161 | $2,560 |
2 adults 1 child | $2,324 | $893 | $1,639 | $1,563 | $1,953 |
1 adult 1 child | $2,324 | $577 | $978 | $1,563 | $1,906 |
2 adults | $1,937 | $717 | $1,169 | $0 | $1,207 |
1 adult | $1,554 | $391 | $585 | $0 | $1,011 |
Safety trends & Data
Nassau County, New York has seen some interesting property crime trends over the past five years. Larceny-Theft, the most reported crime, peaked at 2,711 instances in 2018, dipped in 2021, and then rose again. Burglary had a decline in 2021 but shot back up to 303 in 2022. Vandalism arrests hit a peak of 1,206 in 2022, while Motor Vehicle Theft shows an upward trend, jumping from 69 in 2018 to 183 in 2022. For those in real estate, these crime trends could influence property valuations, risk... Read more
Property Crime Trends in Nassau County, NY Over the Last 5 Years
In Nassau County, New York, property crime trends over the past five years indicate significant fluctuations. Larceny-Theft has consistently been the most reported crime, peaking at 2,711 instances in 2018 and dropping to a low in 2021 before rising again. Burglary saw a notable decline in 2021 but rebounded to 303 in 2022. Similarly, Vandalism arrests peaked at 1,206 in 2022, reflecting a concerning spike. Motor Vehicle Theft appears to trend upwards, jumping from 69 in 2018 to 183 in 2022. For investors, insurance agents, and real estate professionals, these trends may impact decisions related to property valuation, risk assessment, and community safety measures.
Demographics
In Nassau County, New York, the adult population shows a slight female majority. Educational attainment figures suggest a highly educated populace, with a significant portion holding bachelor's degrees and graduate or professional degrees. The age distribution appears balanced, with a notable concentration in the 35 to 64 age range, hinting at a robust, working-age demographic. Racial diversity is evident but skewed, with a predominant White population followed by Black or African American and... Read more
Race Distribution in Nassau County, New York (2022)
Educational Attainment in Nassau County, New York (2022)
Age Distribution in Nassau County, New York
Citizen Population in Nassau County, New York (2022)
Political Trends & Data
In Nassau County, New York, 2020 U.S. Presidential Election results indicated a probable Democratic tilt with around 53.7% of votes for Democratic candidates and about 44.2% for Republicans. The roughly 2% vote share for third-party candidates suggests minor fluctuations could shift future outcomes, contingent on voter turnout and campaign tactics. This pattern may imply a somewhat stable yet potentially flexible political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Nassau County, New York, showed a likely preference for Democratic candidates in the 2020 U.S. Presidential Election, with approximately 53.7% of votes. Republican candidates received about 44.2%, while third-party and other candidates collectively garnered just over 2%. This trend might suggest a potentially consistent Democratic leaning in subsequent elections, though slight swings could occur depending on voter turnout and campaign strategies.
44.25% of voters voted for the Republican party in the 2020 Presidential Election
53.70% of voters voted for the Democrat party in the 2020 Presidential Election
0.49% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
1.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Nassau County, New York has generally hovered around or below the national average of 14 students per teacher, suggesting favorable conditions for individualized attention. However, a significant spike to 40 students per teacher in 2022 and a recent increase to 16 in 2023 might raise concerns among potential investors, families, and educational stakeholders. This uptick could influence decisions related to real estate, school enrollment, and community engagement,... Read more
Student-to-teacher ratio in Nassau County, New York over the last 10 years
Over the past decade, the student-to-teacher ratio in Nassau County, New York has generally stayed close to or below the national average of 14 students per teacher, which may suggest relatively favorable conditions for individualized attention in classrooms. Significant fluctuations, such as the spike to 40 students per teacher in 2022, could indicate temporary disruptions likely due to external factors. However, the recent increase to 16 students per teacher in 2023 might concern potential investors, families, and stakeholders in education spaces, potentially impacting their decisions related to real estate, school enrollment, and community engagement. Keeping an eye on these trends is crucial for anticipating future needs and ensuring balanced educational resources.