New York County Real Estate and Livability Trends
New York County is seeing impressive growth in taxable income, climbing from $192,282.99 in 2013 to $314,595.15 by 2021, which could attract high-value property investors. Median home values soared to $1,104,000 in 2022, dwarfing the statewide median of $384,100 and the national median of $179,400. Mortgage counts for principal residences also spiked, reaching over 29,000 in 2021, signaling... Read more
New York County Market Trends
median home values in New York County leaped to $1,104,000 in 2022, significantly higher than the statewide median of $384,100 and the national median of $179,400. Residential energy tax credits have fluctuated, peaking at $4,944.00 in 2018 and declining to $2,986.26 in 2021, indicating possible shifts in energy policy or investment. Real estate taxes have nearly doubled in the past decade,... Read more
Median Value of Occupied Housing Units in New York County, New York Over the Last 8 Years
Over the past eight years, median home values in New York County saw a consistent upward trend, culminating in a significant jump to $1,104,000 in 2022. This far outpaces the statewide median, which reached $384,100 the same year, and especially dwarfs the national median of $179,400. For investors, developers, and residents, this highlights a robust, apparently accelerating real estate market in New York County, underscoring it as a high-stakes but potentially high-reward environment.
Residential Energy Tax Credit Per Tax Return in New York County, NY Over the Last 9 Years
Over the past nine years, New York County has seen fluctuating average residential energy tax credits per tax return. Notably, there was a peak in 2018 at $4,944.00, followed by a dip and subsequent gradual decline, ending at $2,986.26 in 2021. This volatility might suggest varying levels of investment in residential energy efficiency or changes in policy incentives. These insights could be particularly relevant for real estate investors or anyone planning to build or improve a home looking to leverage energy tax credits effectively.
Average Real Estate Taxes Per Tax Return in New York County, NY Over the Last 10 Years
Over the past decade in New York County, New York, average real estate taxes per tax return have shown a consistent upward trend, nearly doubling from $12,291.55 in 2012 to $21,307.82 in 2021. This substantial increase could potentially influence property investment decisions as higher tax obligations may impact overall affordability. This trend may also be crucial for real estate agents and appraisers who need to account for rising costs in valuations. Furthermore, insurance agents should consider these escalating figures in their risk assessments, while potential residents might find it practical to factor these increasing taxes into their long-term financial planning.
Percentage of Farm Returns in New York County, NY Over the Last 10 Years
In New York County, New York, the percentage of farm tax returns has seen slight fluctuations over the past decade, peaking at 0.05% in 2012 and dropping to a low of 0.04% in both 2020 and 2021. This indicates a very modest but persistent presence of agricultural business in one of the nation's most urbanized areas. For investors, this suggests niche opportunities and potential stability in an otherwise erratic field. Farm tax returns reflect the financial activity and investment within the agricultural sector, offering insights into an often-overlooked aspect of the county's economy.
Number of Mortgages by Occupancy Type in New York County, NY Over the Last 5 Years in New York County
New York County, NY has seen significant fluctuations in mortgage counts across different occupancy types over the past five years. Principal residences consistently hold the highest number of mortgages, peaking in 2021 with over 29,000, suggesting a strong demand for homes as primary living spaces. Investment properties and second residences follow but have seen less dramatic changes. Investors might find these trends indicative of market opportunities or risks, while appraisers and insurance agents could gain insights into property value stability and potential claims. For those planning to move or build, understanding these shifts in occupancy types could influence location decisions and investment viability.
Economic Outlook
New York County has seen a notable rise in average taxable income per tax return, soaring from $192,282.99 in 2013 to $314,595.15 in 2021, hinting at a wealthier population that may interest high-value property investors and real estate agents. Concurrently, state and local income taxes have also surged, with a significant leap from $100,108.22 in 2018 to $170,650.58 in 2021. This likely reflects policy changes or economic shifts, vital for those assessing the financial landscape. Additionally,... Read more
Average Taxable Income per Tax Return in New York County, NY over the last 9 years
New York County has seen a fluctuating yet upward trend in average taxable income per tax return over the past nine years, notably jumping from $192,282.99 in 2013 to $314,595.15 in 2021. This significant rise, particularly the sharp increase between 2020 and 2021, could suggest a growing affluent population or increased income among residents. Such data might interest investors and real estate agents eyeing high-value property opportunities, or insurance agents who may see this as an indicator of increased policy premiums. Appraisers and those building property could also leverage this information to gauge pricing and demand dynamics.
Average State and Local Income Taxes Per Tax Return in New York County, NY Over the Last 10 Years
In the last decade, state and local income taxes per tax return in New York County, NY have shown significant fluctuations, with a notable surge from 2017 onwards. After hovering around the $50,000 to $60,000 mark for several years, the average tax value nearly doubled to $100,108.22 in 2018 and continued to rise, peaking at an impressive $170,650.58 in 2021. These shifts could reflect changes in tax policies, economic conditions or demographic shifts, making the area particularly noteworthy for investors, real estate agents, and financial professionals seeking to understand the financial landscape and opportunities within this New York County.
Average Total Tax Liability Per Tax Return in New York County, NY Over the Last 10 Years
Over the last decade, New York County, NY has seen a notable increase in average total tax liability per tax return. Starting at $49,961.20 in 2012, the tax liability grew to $90,370.88 by 2021, with a peak anticipated during 2017 to 2018 at around $68,072.09, stabilizing at similar levels but showing a significant uptick in 2021. This rising trend may indicate an increase in the overall taxable income or changes in tax policies affecting high-income earners. For those looking to invest, move, or deal in real estate, these numbers might reflect broader economic conditions or shifts within the county.
Cost of Living in New York County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $3,561 | $2,397 | $1,777 | $2,995 | $3,289 |
| 2 adults 3 children | $3,561 | $1,958 | $1,741 | $2,995 | $3,032 |
| 1 adult 4 children | $3,561 | $1,957 | $1,105 | $2,995 | $3,161 |
| 1 adult 3 children | $3,561 | $1,599 | $1,068 | $2,995 | $2,956 |
| 2 adults 2 children | $2,836 | $1,603 | $1,704 | $2,631 | $2,482 |
| 1 adult 2 children | $2,836 | $1,197 | $1,031 | $2,631 | $2,460 |
| 2 adults 1 child | $2,836 | $1,267 | $1,667 | $1,448 | $2,044 |
| 1 adult 1 child | $2,836 | $818 | $995 | $1,448 | $1,949 |
| 2 adults | $2,511 | $1,018 | $1,189 | $0 | $1,311 |
| 1 adult | $2,456 | $555 | $594 | $0 | $1,343 |
Safety trends & Data
Property crime in New York County, New York, has experienced a substantial decline over the last four years. Fraud-related arrests peaked at 200 incidents in 2019 but fell dramatically to just 7 by 2020. Larceny-theft cases also dropped significantly from 59 in 2018 to 10 by 2020. Motor vehicle thefts followed a similar pattern, dropping from 15 in 2019 to just 2 by 2022. This overall decrease suggests an improving security situation, which may lead to higher property values and enhanced appeal... Read more
Property Crime Trends in New York County, NY Over the Last 4 Years
Property crime trends in New York County, New York, have shown significant changes over the past four years. Notably, fraud-related arrests peaked in 2019 with 200 incidents but dropped dramatically to just 7 by 2020. Similarly, larceny-theft cases initially high in 2018 (59 cases) plummeted to 10 by 2020 and remained limited. Motor vehicle thefts saw some fluctuation, maintaining a downward trend from 15 in 2019 to only 2 in 2022. Interestingly, there was an apparent decrease in most crime categories, reflecting a possibly improving security situation and stricter law enforcement. These trends could be of particular interest to real estate agents, investors, and those contemplating moving to the area, as lower crime rates generally correlate with higher property values and perceived safety.
Demographics
New York County, New York, presents an adult population that slightly leans more female, with a higher number of residents holding bachelor's and graduate degrees, suggesting a highly educated populace. The age distribution shows a significant concentration of residents in the 25 to 34 years bracket, indicating a young and potentially transient demographic. In terms of race, the county is predominantly White, but with notable representations from African American, Asian, and other races,... Read more
Race Distribution in New York County, New York (2022)
Educational Attainment in New York County, New York (2022)
Age Distribution in New York County, New York
Citizen Population in New York County, New York (2022)
Political Trends & Data
In New York County, Democrat candidates likely secured around 86% of the vote in the 2020 U.S. Presidential Election, with Republicans appearing to receive about 12%. Libertarian and Green Party votes were minimal at under 1%, suggesting a strong Democratic lean that may impact both local and national policy discussions and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In New York County, Democrat candidates likely garnered a dominant share of the vote in the 2020 U.S. Presidential Election, securing approximately 86%. Republican candidates appeared to receive significantly less support, capturing around 12%. Votes for smaller parties like Libertarian and Green were minimal, both under 1%. This suggests that New York County's electorate might heavily lean Democratic, which could influence local and national policy discussions and priorities.
12.14% of voters voted for the Republican party in the 2020 Presidential Election
85.98% of voters voted for the Democrat party in the 2020 Presidential Election
0.47% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Green party in the 2020 Presidential Election
1.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
New York County, New York has seen its student-to-teacher ratio dip from about 14 in 2014 to roughly 11 in 2023, compared to the national average of 14 students per teacher. This trend could signal stronger education quality and better student attention, potentially making the area appealing for families and investors. This detail might catch the eye of real estate agents, appraisers, and insurance agents as a positive indicator of community... Read more
Student-to-teacher ratio in New York County, New York over the last 10 years
New York County, New York has shown a steady decrease in the student-to-teacher ratio over the past decade, with the number dropping from about 14 in 2014 to approximately 11 in 2023. Compared to the current national average of 14 students per teacher, New York County appears to boast more favorable class sizes, which could potentially enhance the quality of education and individual attention students receive. For those looking to invest, move to, or build property in the area, these ratios might suggest a solid education system. Real estate agents might find this detail appealing to families, while appraisers and insurance agents could view this as a positive marker for community investment.
