Niagara County Real Estate and Livability Trends
Niagara County, New York, is experiencing a multifaceted real estate market. Average taxable incomes are rising, which might boost property values, though higher state and local taxes could strain homeowner finances. Median home values have surged, suggesting strong investment potential, while real estate taxes have also increased, likely reflecting both property appreciation and policy shifts.... Read more
Niagara County Market Trends
Median home values in Niagara County, New York have climbed from $108,000 in 2015 to $163,100 in 2022, outpacing national growth and hinting at promising investment potential in a relatively accessible market. Residential energy tax credits have seen sharp fluctuations, especially a dramatic rise to $4,295.45 in 2018, possibly indicating shifts in energy efficiency incentives. Average real estate... Read more
Median Value of Occupied Housing Units in Niagara County, New York Over the Last 8 Years
Median home values in Niagara County, New York have steadily increased over the past eight years, rising from $108,000 in 2015 to $163,100 in 2022. This consistent growth outpaced the national trend, where home values rose from $125,500 to $179,400 in the same period. Compared to the broader New York state, where median values surged from $283,400 to $384,100, Niagara County remains more accessible, yet has shown robust appreciation, which could suggest untapped investment opportunities or a growing local economy.
Residential Energy Tax Credit Per Tax Return in Niagara County, NY Over the Last 9 Years
Niagara County, New York has seen notable fluctuations in residential energy tax credits over the past nine years. Starting from an average of $287.30 in 2013, there was a sharp increase to $372.50 in 2014 and continued growth to $447.83 by 2015. There was a slight dip in 2016 to $444.03, followed by a significant spike to $663.31 in 2017, and an extraordinary jump to $4295.45 in 2018. Subsequently, there was a decline to $857.59 in 2019 and more stable figures in 2020 and 2021 at $547.15 and $510.26 respectively. These variations could potentially be insightful for those thinking about investments or real estate in the area, as they may reflect changing energy efficiency incentives and local market conditions.
Average Real Estate Taxes Per Tax Return in Niagara County, NY Over the Last 10 Years
Niagara County, New York has experienced a consistent upward trend in average real estate taxes over the past decade, rising from around $4,876.98 in 2012 to $6,943.23 by 2021. This increase may reflect property value appreciation or changes in local tax policies, making it essential for potential investors and current homeowners to factor this into their financial planning. Real estate agents and appraisers could see this trend as a signal of the area's growing market value, while insurance agents should be mindful of the potential impact on property-related claims and coverage needs. Overall, the rising tax rates are a significant data point for anyone involved in the local real estate market.
Percentage of Farm Returns in Niagara County, NY Over the Last 10 Years
Farm tax returns in Niagara County, New York, might have slightly declined over the past decade, starting from around 0.61% in 2012 and possibly decreasing to approximately 0.51% by 2021. This trend could reflect broader shifts in the county's agricultural economy, perhaps indicating changing land use patterns or economic pressures on farming operations. For potential investors, property developers, or new residents, these dynamics might be important to consider when assessing the economic landscape and opportunities within the county.
Number of Mortgages by Occupancy Type in Niagara County, NY Over the Last 5 Years in Niagara County
Over the past five years in Niagara County, New York, the number of mortgages for principal residences fluctuated, peaking in 2021 before declining in 2022. Investment property mortgages have shown relatively steady, incremental growth, while second residence mortgages remained a minor and consistent segment. These shifts in occupancy type can be significant for investors and real estate agents as they may indicate changes in housing demand and investment opportunities. For appraisers and insurance agents, understanding these trends helps in accurately assessing property values and risk profiles. Developers and locals might find that these patterns reflect evolving community priorities and potential market adjustments.
Economic Outlook
Niagara County, New York, has seen encouraging economic growth with average taxable income per tax return increasing from $49,177.74 in 2013 to $64,570.38 in 2021, potentially signaling rising property values. However, higher state and local income taxes—doubling from $5,962.45 in 2012 to $12,449.41 by 2021—couple with a fluctuating poverty rate, peaking at 14.9% in 2015 and rising again to 13.6% in 2022, suggest financial challenges for residents. These trends are crucial for investors,... Read more
Average Taxable Income per Tax Return in Niagara County, NY over the last 9 years
The average taxable income per tax return in Niagara County, New York, has shown a steady increase over the last nine years, jumping from $49,177.74 in 2013 to $64,570.38 in 2021. This upward trend suggests a growing economic vitality, which might interest investors and real estate agents. Appraisers and insurance agents could find this data indicative of rising property values and changing risk profiles. For those considering moving to or building property in Niagara County, the persistent income growth hints at a potentially stronger local economy and more stable financial environment.
Average State and Local Income Taxes Per Tax Return in Niagara County, NY Over the Last 10 Years
Over the last decade, Niagara County, New York has seen a notable increase in average state and local income taxes per tax return. Starting at $5,962.45 in 2012, the costs have surged to $12,449.41 by 2021. The most significant jumps occurred post-2017, indicating potentially increasing tax burdens or changing economic factors. This trend might be a critical consideration for investors, potential movers, and real estate market stakeholders, as it could impact disposable income, property affordability, and overall financial planning in the area.
Average Total Tax Liability Per Tax Return in Niagara County, NY Over the Last 10 Years
Over the past decade, Niagara County, New York has seen a steady rise in the average total tax liability per tax return, moving from $6,916.31 in 2012 to $8,935.05 in 2021. This notable increase could be significant for investors, real estate agents, and those considering a move to the area, as it may impact financial planning and property values. For insurance agents and appraisers, these trends might influence risk assessment and coverage terms, given the economic environment's evolving profile.
Cost of Living in Niagara County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,131 | $1,488 | $1,278 | $2,225 | $1,354 |
| 2 adults 3 children | $1,131 | $1,216 | $1,241 | $2,225 | $1,129 |
| 1 adult 4 children | $1,131 | $1,215 | $807 | $2,225 | $1,449 |
| 1 adult 3 children | $1,131 | $992 | $770 | $2,225 | $1,252 |
| 2 adults 2 children | $923 | $995 | $1,205 | $1,939 | $1,007 |
| 1 adult 2 children | $923 | $743 | $734 | $1,939 | $1,022 |
| 2 adults 1 child | $923 | $786 | $1,168 | $1,008 | $903 |
| 1 adult 1 child | $923 | $508 | $697 | $1,008 | $757 |
| 2 adults | $784 | $632 | $839 | $0 | $657 |
| 1 adult | $751 | $345 | $419 | $0 | $569 |
Safety trends & Data
Niagara County, New York, has seen a notable decrease in larceny-theft incidents, dropping from 611.00 in 2018 to 349.00 in 2022. While categories like vandalism remain high, the decline in burglary and fraud rates could signal improving conditions for real estate investments. This trend might suggest safer property investments, offering valuable insights for real estate agents and appraisers looking to refine property valuation and risk... Read more
Property Crime Trends in Niagara County, NY Over the Last 5 Years
Niagara County, New York, has experienced variations in property crimes over the past five years, with certain categories like larceny-theft and vandalism consistently appearing high. While arson and motor vehicle theft have seen minor fluctuations, incidents of burglary and fraud indicated a general decline. Interestingly, the number of larceny-theft incidents has decreased significantly from 611.00 in 2018 to 349.00 in 2022. This data could suggest improving conditions for potential investors and property developers, showing a possible trend towards safer property investments. For real estate agents and appraisers, understanding these shifts could provide valuable insights for property valuation and risk assessment.
Demographics
In Niagara County, New York, the adult population skews slightly more female than male. Educational attainment shows that high school graduates and individuals with partial college education form the bulk of the population, with a notable number holding bachelor's and advanced degrees. The age distribution highlights a significant number of residents in the 55 to 64 age bracket, suggesting a mature demographic. Racially, the county is predominantly White, with smaller Black or African American,... Read more
Race Distribution in Niagara County, New York (2022)
Educational Attainment in Niagara County, New York (2022)
Age Distribution in Niagara County, New York
Citizen Population in Niagara County, New York (2022)
Political Trends & Data
In Niagara County, New York, the 2020 U.S. Presidential Election results suggest a conservative leaning, with Republican candidates capturing about 53.5% of the vote and Democrats around 43.9%. This notable tilt towards Republicans contrasts with New York's general Democratic stronghold, potentially hinting at local policy preferences that might notably influence real estate regulations and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Niagara County, New York, the 2020 U.S. Presidential Election revealed some interesting voter tendencies. It appears that Republican candidates were favored by more than half of the voters, capturing approximately 53.5% of the vote, while Democrats received around 43.9%. The remaining votes were split among Libertarian, Green, and other minor parties, each garnering just a small fraction. This trend could indicate a leaning towards conservative policies in this county, despite New York generally being known for its Democratic stronghold.
53.47% of voters voted for the Republican party in the 2020 Presidential Election
43.89% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Green party in the 2020 Presidential Election
1.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
Niagara County, New York, has seen its student-to-teacher ratio drop from 13.82 in 2020 to 12.57 in 2023, possibly due to increased hiring or decreased enrollment. This trend could make the area more attractive to homebuyers and investors who prioritize education quality. Real estate agents and appraisers might find property values bolstered, while insurance agents could adjust risk assessments accordingly. For prospective residents, a lower ratio could imply better educational outcomes and... Read more
Student-to-teacher ratio in Niagara County, New York over the last 10 years
Over the last decade, Niagara County, New York, has experienced fluctuations in its student-to-teacher ratio, generally hovering around the national average of fourteen students per teacher. Notably, since 2020, the ratio saw a drop from 13.82 to a current 12.57 in 2023. This improvement may point to increased hiring or decreased enrollment, positioning Niagara County as an appealing location for potential homebuyers or investors prioritizing education quality. For real estate agents and appraisers, these trends could enhance property values, while insurance agents might see changes in risk evaluations. Moreover, for those considering moving to the area, a lower student-to-teacher ratio might signify more personalized attention for students and potentially higher educational outcomes.
