Oneida County Real Estate and Livability Trends
Homebuyers and investors might find Oneida County, New York appealing due to the median home value increase from $114,000 in 2015 to $157,600 in 2022. There’s potentially a growing focus on energy efficiency with the average residential energy tax credit peaking at $2,842.10 in 2018. Real estate taxes have surged significantly to about $7,205.66 by 2021, reflecting a dynamic tax environment.... Read more
Oneida County Market Trends
The median value of occupied housing units in Oneida County, New York climbed from $114,000 in 2015 to $157,600 in 2022, highlighting its affordability compared to both the national and New York state medians. The average residential energy tax credit per tax return saw a noteworthy spike in 2018, reaching $2,842.10, indicating a possible surge in energy-efficient home improvements. Real estate... Read more
Median Value of Occupied Housing Units in Oneida County, New York Over the Last 8 Years
The median value of occupied housing units in Oneida County, New York has experienced a steady increase over the past eight years, climbing from $114,000 in 2015 to $157,600 in 2022. Compared to the national median, which rose from $125,500 to $179,400 over the same period, Oneida County's housing market appears to be more affordable. On the other hand, it remains significantly less expensive than the New York state median, which surged from $283,400 in 2015 to reach $384,100 in 2022. This trend may interest investors and potential homeowners looking for a more budget-friendly market within the state, as well as current residents keeping an eye on property appreciation.
Residential Energy Tax Credit Per Tax Return in Oneida County, NY Over the Last 9 Years
Over the past nine years in Oneida County, New York, the average residential energy tax credit per tax return shows significant variation and overall growth. The most notable spike occurred in 2018, reaching an average of $2842.10, suggesting either a surge in energy-efficient home improvements or a change in tax policy. This trend could be of interest to those investing in local real estate, as evolving energy policies and incentives might affect property values and operating costs. Real estate agents, appraisers, and insurance agents may find these dynamics relevant when evaluating properties or advising clients.
Average Real Estate Taxes Per Tax Return in Oneida County, NY Over the Last 10 Years
Real estate taxes per tax return in Oneida County, New York, have shown a notable increase over the last decade, with a jump from approximately $4,794.45 in 2012 to around $7,205.66 in 2021. This upward trend is particularly significant for prospective real estate investors, homeowners, and insurance agents, suggesting a growing financial demand for property taxes within the county. This increase, coupled with variations in tax burdens from year to year, indicates a dynamic tax environment that may impact property valuation and investment decisions.
Percentage of Farm Returns in Oneida County, NY Over the Last 10 Years
The percentage of farm tax returns in Oneida County, New York, hovered around the 0.80% mark over the last decade, with a slight dip to approximately 0.75% in 2020. Farm tax returns indicate the proportion of tax filings from farms relative to the total number of tax filings. This measure can provide insight into the local agricultural economy and stability, potentially impacting decisions on investing, moving, building property, or even just understanding the area's economic health. These returns reflect a modest but steady presence of farming activity in the county, suggesting a consistent yet not dominant agricultural sector.
Number of Mortgages by Occupancy Type in Oneida County, NY Over the Last 5 Years in Oneida County
Changes in the number of mortgages by occupancy type over the past five years in Oneida County, New York reveal notable fluctuations, particularly in principal residences, which saw a peak in 2021 with 8,146 mortgages before dipping to 6,880 in 2022. Investment properties and second residences have exhibited relatively stable trends. These shifts can influence market conditions, with potential impacts on property values, insurance premiums, and development opportunities. Investors and real estate professionals may find trends in principal residences especially significant, as they can affect demand dynamics and long-term value assessments. Understanding these patterns can help stakeholders make informed decisions about buying, selling, or developing property in the area.
Economic Outlook
Oneida County, New York, has seen a climbing average taxable income per tax return from $49,132.75 in 2013 to $64,786.11 in 2021, reflecting a possibly stronger economic climate and potentially more affluent community. Concurrently, average state and local income taxes have surged from $6,333.11 in 2012 to $15,092.51 in 2020, which could signal higher incomes or shifts in tax policies. The area also exhibits a steady increase in the average total tax liability, rising from $7,231.83 in 2012 to... Read more
Average Taxable Income per Tax Return in Oneida County, NY over the last 9 years
Over the last nine years, Oneida County, New York has seen a consistent rise in average taxable income per tax return. Starting at $49,132.75 in 2013, the figure has gradually climbed to $64,786.11 by 2021. This upward trend suggests a potentially stronger economic climate, which may interest investors, appraisers, and real estate professionals looking into the area. For those considering moving or building property here, the increasing taxable incomes might hint at a growing local economy and a potentially more affluent community.
Average State and Local Income Taxes Per Tax Return in Oneida County, NY Over the Last 10 Years
Over the past ten years, Oneida County, New York has experienced a notable increase in average state and local income taxes per tax return. Beginning in 2012 at $6,333.11, the figure has surged, reaching a peak of $15,092.51 in 2020. This escalation, with a pronounced jump between 2017 and 2020, suggests significant changes in either income levels, tax rates, or deductions in the area. For investors, potential homeowners, and real estate professionals, this trend could indicate an evolving economic landscape, possibly reflecting higher incomes, property values, or a shift in the local tax policy.
Average Total Tax Liability Per Tax Return in Oneida County, NY Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Oneida County, New York, exhibits a steady increase from $7,231.83 in 2012 to $9,091.93 in 2021. This upward trend, with notable peaks in 2017 at $8,640.97 and 2021, suggests growing financial obligations which may be a key consideration for potential investors and builders. Real estate professionals and current residents might find this trend indicative of an evolving economic landscape, reflecting changes that could impact property valuations and insurance premiums. Appraisers and insurance agents should account for the increasing tax burden when assessing property values and risk profiles in the area.
Cost of Living in Oneida County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,187 | $1,484 | $1,373 | $2,212 | $1,365 |
| 2 adults 3 children | $1,187 | $1,212 | $1,336 | $2,212 | $1,166 |
| 1 adult 4 children | $1,187 | $1,212 | $864 | $2,212 | $1,474 |
| 1 adult 3 children | $1,187 | $990 | $827 | $2,212 | $1,280 |
| 2 adults 2 children | $975 | $992 | $1,299 | $1,927 | $1,033 |
| 1 adult 2 children | $975 | $741 | $790 | $1,927 | $1,048 |
| 2 adults 1 child | $975 | $784 | $1,263 | $1,002 | $933 |
| 1 adult 1 child | $975 | $507 | $753 | $1,002 | $764 |
| 2 adults | $775 | $630 | $905 | $0 | $646 |
| 1 adult | $771 | $344 | $453 | $0 | $580 |
Safety trends & Data
Oneida County, New York has shown a discernible decline in overall property crimes over the past five years, particularly in burglary and vandalism incidents. While larceny-theft, still the most common crime, has seen substantial fluctuations, motor vehicle theft remains low yet consistent. Crimes like arson, embezzlement, and fraud present lower numbers with varied trends, offering valuable insights for potential property investors and insurance... Read more
Property Crime Trends in Oneida County, NY Over the Last 5 Years
The past five years in Oneida County, New York have shown a discernible decline in property crimes overall, especially in burglary and vandalism incidents. Larceny-theft, while still the most common crime, has seen substantial fluctuations. Motor vehicle theft remains relatively low but consistent. Crimes like arson, embezzlement, and fraud show lower numbers with varying trends. This information may be crucial for those considering investments in property or insurance, as it provides a data-backed perspective on the county's safety trends.
Demographics
Oneida County, New York's adult population skews slightly female and shows a diverse mix of educational attainment, with most individuals having at least a high school diploma. Residents aged 55 to 64 form the largest age group by a small margin, with those under 10 years also making up a substantial portion of the demographic. The racial composition is predominantly White, but there are notable Black or African American and Asian communities. These trends may hint at a gradually aging... Read more
Race Distribution in Oneida County, New York (2022)
Educational Attainment in Oneida County, New York (2022)
Age Distribution in Oneida County, New York
Citizen Population in Oneida County, New York (2022)
Political Trends & Data
In Oneida County, New York, the 2020 Presidential Election results possibly indicate a lean towards Republican preferences, with around 56% of the vote. Democratic support, while somewhat robust at approximately 41%, trails behind. Third-party candidates, including Libertarian and Green, also have a smaller but potentially significant share, suggesting a competitive political landscape with a noticeable Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Oneida County, New York, the 2020 U.S. Presidential Election results potentially highlight a leaning towards Republican preferences, with the party garnering around 56% of the vote. Democratic support appears somewhat robust but trails behind at approximately 41%. Third-party candidates, including Libertarian and Green, alongside other affiliations, make up a smaller, yet possibly notable, portion of the electorate. Such distribution could suggest a competitive political landscape with dominant but not overwhelming Republican influence.
56.23% of voters voted for the Republican party in the 2020 Presidential Election
40.87% of voters voted for the Democrat party in the 2020 Presidential Election
1.16% 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
1.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Oneida County, New York, has shown slight fluctuations, peaking at over 14 students per teacher between 2015 and 2016 before trending downward to around 12 students per teacher in recent years. This lower-than-average ratio, compared to the national average of 14, may appeal to families and investors due to the potential for smaller class sizes and higher perceived education quality, which could positively impact property values and the... Read more
Student-to-teacher ratio in Oneida County, New York over the last 10 years
Over the past decade, the student-to-teacher ratio in Oneida County, New York experienced slight fluctuations, peaking at over 14 students per teacher between 2015 and 2016 before trending downwards. Post-2018 saw a consistent decrease, dropping to around 12 students per teacher in recent years. This ratio is notably lower than the national average of 14 students per teacher, suggesting potentially smaller class sizes, which can be an appealing factor for families considering relocation and for investors looking at the quality of local education. Lower ratios may also influence property values positively, impacting real estate agents, appraisers, and insurance agents operating in the area.
