Onondaga County Real Estate and Livability Trends
Onondaga County, New York has seen a 26% increase in median home values over the past eight years, making it more attractive for affordable investments compared to the state’s more dramatic rise. Real estate taxes per tax return have risen significantly, which could impact affordability. Mortgage counts varied by occupancy type, with dips for principal residences by 2022 and a peak in... Read more
Onondaga County Market Trends
Onondaga County, New York has seen a 26% increase in median home values over the past eight years, growing from $135,900 in 2015 to $172,800 in 2022. However, this growth is more moderate compared to the state’s surge from $283,400 to $384,100, potentially making the county more attractive for affordable investments within New York. Real estate taxes per tax return have also risen... Read more
Median Value of Occupied Housing Units in Onondaga County, New York Over the Last 8 Years
Onondaga County, New York has seen a consistent rise in median home values over the past eight years, starting at $135,900 in 2015 and reaching $172,800 in 2022. This 26% increase suggests a strong, improving market which may attract potential homebuyers and investors. When compared to the national average, which grew from $125,500 to $179,400 over the same period, Onondaga County's growth appears slightly more moderate. However, it trails the more aggressive growth observed in New York State, where values have surged from $283,400 to $384,100. This relatively lower yet consistent increase could make Onondaga County an appealing, potentially more affordable option within New York State for those looking to invest or move.
Residential Energy Tax Credit Per Tax Return in Onondaga County, NY Over the Last 9 Years
Onondaga County, New York, has experienced significant fluctuations in the average residential energy tax credit per tax return over the past nine years. An upward trend is notable from 2013 ($281.90) to a peak in 2018 ($3,215.38), which suggests a possible spike in energy-efficient home improvements or incentives during that year. Subsequent years indicate a stabilization, with amounts ranging between $497.49 in 2020 and $517.17 in 2021. This data may be critical for real estate agents, appraisers, and potential investors, as it reflects the area's engagement with energy efficiency, which could influence property values and market demand.
Average Real Estate Taxes Per Tax Return in Onondaga County, NY Over the Last 10 Years
Over the past decade, Onondaga County, New York has experienced a substantial increase in average real estate taxes per tax return, climbing from $6,105.40 in 2012 to approximately $9,424.66 in 2021. This steady uptick suggests ongoing revaluation and potentially rising property values, which could influence decisions for real estate investors and homeowners alike. While this trend may indicate a healthy real estate market, prospective buyers and insurance agents should remain mindful of the potential impact on property affordability and insurance premiums, respectively. For appraisers, understanding these tax shifts can be crucial for accurate property assessments.
Percentage of Farm Returns in Onondaga County, NY Over the Last 10 Years
Over the past decade, the proportion of farm tax returns in Onondaga County, New York has showed a gradual decline from about 0.29% in 2012 to roughly 0.23% in 2021. Farm tax returns indicate the number of tax filings associated with agricultural operations and can serve as a barometer of the local agricultural economy. This steady drop may suggest shifting economic priorities or challenges within the local farming industry, which could be critical for potential investors, new residents, and developers to consider. Assessing these trends can offer valuable insight into both the stability and potential growth areas within the county's agricultural sector.
Number of Mortgages by Occupancy Type in Onondaga County, NY Over the Last 5 Years in Onondaga County
Onondaga County, New York, has shown varying trends in mortgage counts over the past five years, notable for differing occupancy types. Mortgage counts for principal residences, the majority, peaked in 2020 with 19,507, and dipped to 14,763 by 2022. Investment property mortgages peaked at 1,040 in 2021 but saw a steady decline afterwards. Meanwhile, second residences consistently had the lowest counts, peaking modestly at 314 in 2021. Changes in occupancy type can suggest shifting demands, influencing property values and risk assessments for investors, appraisers, and insurance agents. Real estate agents might infer a cooling market for principal residences, while the increased interest in investment properties during 2021 could indicate a temporary spike in investor confidence.
Economic Outlook
Onondaga County, New York, has witnessed gradual economic improvements over the past decade, as evidenced by rising average taxable incomes per tax return, climbing from $58,719.83 in 2013 to $80,182.07 in 2021. State and local income taxes have also increased notably, with an average tax of $16,606.55 reported in 2021, suggesting potential changes in income levels or tax rates. Additionally, while the total tax liability per return has shown fluctuations, it has trended upwards, reaching... Read more
Average Taxable Income per Tax Return in Onondaga County, NY over the last 9 years
Onondaga County, New York, has seen a gradual increase in the average taxable income per tax return over the last nine years, with figures climbing from approximately $58,719.83 in 2013 to around $80,182.07 in 2021. This trend might indicate a growing economic health in the region, which could be appealing to potential investors, real estate agents, and those looking to relocate. However, the data also shows fluctuations, such as a slight dip in 2016, suggesting potential volatility that stakeholders might want to consider.
Average State and Local Income Taxes Per Tax Return in Onondaga County, NY Over the Last 10 Years
Over the past decade, Onondaga County in New York has experienced a notable increase in average state and local income taxes per tax return. Starting from $7,326.40 in 2012, the amount has steadily risen, with a significant spike observed in 2018 at $13,240.81. By 2021, taxpayers were generally reporting an average of $16,606.55. This upward trend may suggest higher income levels or tax rate changes, which could impact decisions for potential investors, homebuyers, and real estate agents. The shifts also highlight potential considerations for insurance agents and property appraisers regarding the financial landscape of the area.
Average Total Tax Liability Per Tax Return in Onondaga County, NY Over the Last 10 Years
Over the past decade, Onondaga County, New York, has seen notable fluctuations in average total tax liability per tax return. From 2012's $9,798.85 to a peak of $13,243.47 in 2021, the trend reflects economic and possibly legislative changes influencing taxpayer obligations. Notably, there was a significant increase between 2014 and 2015, followed by consistent yet moderate variations until 2021. This trend could be insightful for potential investors, appraisers, real estate agents, and prospective residents contemplating the financial landscape in the area.
Cost of Living in Onondaga County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,400 | $1,597 | $1,521 | $2,683 | $1,834 |
| 2 adults 3 children | $1,400 | $1,304 | $1,484 | $2,683 | $1,579 |
| 1 adult 4 children | $1,400 | $1,304 | $952 | $2,683 | $1,891 |
| 1 adult 3 children | $1,400 | $1,065 | $915 | $2,683 | $1,704 |
| 2 adults 2 children | $1,136 | $1,068 | $1,447 | $2,345 | $1,338 |
| 1 adult 2 children | $1,136 | $798 | $878 | $2,345 | $1,385 |
| 2 adults 1 child | $1,136 | $844 | $1,410 | $1,249 | $1,112 |
| 1 adult 1 child | $1,136 | $545 | $842 | $1,249 | $991 |
| 2 adults | $919 | $678 | $1,009 | $0 | $749 |
| 1 adult | $820 | $370 | $504 | $0 | $612 |
Safety trends & Data
In Onondaga County, New York, property crime trends have shown significant shifts, with burglary incidents rising from 299 in 2018 to 474 in 2022. Though larceny-theft peaked at 2,210 in 2019, it has since decreased to 1,930. Arson has nearly doubled, climbing from 13 to 29 incidents over the same period. Vandalism and motor vehicle theft also saw moderate increases. These evolving crime patterns could be crucial for potential investors and property developers to assess risks accurately and... Read more
Property Crime Trends in Onondaga County, NY Over the Last 4 Years
Onondaga County, New York, has shown notable fluctuations in property crime over the past four years. Burglary rates have surged from 299 in 2018 to 474 in 2022, while larceny-theft numbers, despite peaking at 2,210 in 2019, have since decreased to 1,930. Arson incidents have almost doubled, rising from 13 in 2018 to 29 in 2022. Meanwhile, vandalism and motor vehicle theft have moderately increased, suggesting a nuanced shift in criminal activity. Understanding these evolving trends could be crucial for potential investors, property developers, and insurance agents in assessing risks and strategizing accordingly for Onondaga County's real estate landscape.
Demographics
Onondaga County, New York, sees a near-equal distribution between male and female populations, with a slightly higher count of females. The educational attainment data suggests a substantial portion of the population holds at least a high school diploma, with notable segments achieving bachelor's and graduate degrees, indicating a well-educated community. Age-wise, there's a reasonable spread across various age groups, but the higher numbers in the 25 to 64 age bracket could imply a robust... Read more
Race Distribution in Onondaga County, New York (2022)
Educational Attainment in Onondaga County, New York (2022)
Age Distribution in Onondaga County, New York
Citizen Population in Onondaga County, New York (2022)
Political Trends & Data
Onondaga County, New York's 2020 U.S. Presidential Election results potentially hint at a predominantly Democratic-leaning region, with about 59% of the vote. Republicans lagged behind with roughly 38%, while Libertarians and Greens made up less than 2% combined. This could imply a solid two-party system with a significant Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Onondaga County, New York, the 2020 U.S. Presidential Election results suggested a leaning towards the Democratic party, with roughly 59% of the votes. Republicans seemed to trail significantly at approximately 38%. Minor parties like the Libertarians and Greens appeared to capture less than 2% collectively, with Libertarians at around 1% and Greens even lower. The "Other" category also garnered minimal support. This distribution possibly indicates a predominantly two-party competition with substantial Democratic preference.
38.45% of voters voted for the Republican party in the 2020 Presidential Election
58.93% 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
0.77% of voters voted for the Green party in the 2020 Presidential Election
0.76% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Onondaga County, New York's student-to-teacher ratio peaked at 14 in 2015 and recently decreased to around 12, which is lower than the national average. This trend suggests smaller class sizes and potentially more personalized attention for students. For buyers and investors, the area may be more attractive to families prioritizing education, and this factor could positively influence property values due to the appeal of a well-regarded school... Read more
Student-to-teacher ratio in Onondaga County, New York over the last 10 years
Over the last decade, Onondaga County, New York has seen its student-to-teacher ratio fluctuate, with numbers peaking at 14 in 2015 and gradually decreasing to around 12 in recent years. Currently, the ratio stands lower than the national average of 14 students per teacher, hinting at smaller class sizes and potentially more personalized attention for students. For investors, home buyers, and real estate professionals, this may suggest a strong draw for families prioritizing education. Additionally, a lower student-to-teacher ratio could be favorable for property values, as it often correlates with a more appealing school district – a factor insurance agents and appraisers should consider.
