Ontario County Real Estate and Livability Trends
Ontario County, New York, has seen a notable rise in average taxable income, peaking at $88,708.01 in 2021, which signals increasing economic momentum. Alongside this, real estate taxes have surged from $5,754.78 in 2012 to $9,885.67 by 2021, potentially reflecting higher property values or tax policy changes. Median home values also climbed to $192,800 in 2022, surpassing the national average... Read more
Ontario County Market Trends
Ontario County, New York's median home values have trended upwards, peaking at $192,800 in 2022, and outpacing the national median. Residential energy tax credits have fluctuated, hitting $4256.25 in 2018, indicating bursts of investments in energy-efficient improvements. Real estate taxes have climbed sharply, starting from $5,754.78 in 2012 to $9,885.67 by 2021, hinting at rising property... Read more
Median Value of Occupied Housing Units in Ontario County, New York Over the Last 8 Years
Ontario County, New York's median home values have steadily increased over the past eight years, peaking at $192,800 in 2022. This growth trend, although more gradual compared to New York State’s substantial rise to $384,100, still outpaces the national median which reached $179,400. For those considering investing in or moving to Ontario County, this consistent but not overly steep appreciation in home values might suggest a relatively stable investment opportunity, often appealing to those wary of volatile market conditions.
Residential Energy Tax Credit Per Tax Return in Ontario County, NY Over the Last 9 Years
Ontario County, New York has shown significant fluctuations in average residential energy tax credits per tax return over the past nine years. The credit peaked in 2018 at $4256.25, suggesting a temporary policy change or surge in energy-efficient improvements among residents. This trend is crucial for potential investors and property developers as energy efficiency investments appear to be supported, potentially enhancing property values and marketability. Appraisers and insurance agents might also note the volatility as it implies varying levels of homeowner investment in energy-saving upgrades, which can impact property assessments and insurance premiums.
Average Real Estate Taxes Per Tax Return in Ontario County, NY Over the Last 10 Years
Ontario County, New York has seen a notable upward trend in real estate taxes per tax return over the last decade, starting at approximately $5,754.78 in 2012 and reaching $9,885.67 by 2021. This increase might indicate rising property values or potentially shifting tax policies, which could be of interest to potential investors, homeowners, and real estate professionals. Such a trend could influence decisions regarding property investments and affect long-term financial planning for those considering moving to this county. For insurance agents and appraisers, these figures provide valuable context for assessing property taxes in the region.
Percentage of Farm Returns in Ontario County, NY Over the Last 10 Years
Over the last decade, Ontario County, New York has shown a mild decrease in farm tax returns, dropping from around 1.37% in 2012 to approximately 1.21% in 2021. Farm tax returns essentially measure the number of farm-based income tax filings, reflecting the county's agricultural activity and economic health. This trend could hint at subtle declines in farming operations or a shift in agricultural practices, valuable insights for potential investors, new residents, or those interested in property development in the area.
Number of Mortgages by Occupancy Type in Ontario County, NY Over the Last 5 Years in Ontario County
Over the last five years in Ontario County, New York, the number of mortgages for principal residences has consistently remained the highest, though there was a notable drop in 2022 compared to previous years. Investment property mortgages peaked in 2021 but generally stayed lower relative to other occupancy types, while second residences saw marginal variations with a slight peak also in 2021. Changes in mortgage distributions by occupancy type might imply shifts in local housing demand, influencing property valuations and insurance requirements. These trends could guide investors on market segments to focus on, signal potential shifts for real estate agents, or suggest evolving community dynamics for potential movers and current residents.
Economic Outlook
Over the past nine years, Ontario County, New York has experienced a notable rise in average taxable income, peaking at $88,708.01 in 2021. This suggests increasing economic prosperity, which could be appealing for real estate investors and agents seeking high-yield opportunities. Coupled with significant increases in state and local income taxes, reaching $20,792.54 in 2021, and a rise in total tax liability to about $15,141.81, there's a clear indication of evolving fiscal policies and... Read more
Average Taxable Income per Tax Return in Ontario County, NY over the last 9 years
Ontario County, New York has seen a notable rise in the average taxable income per tax return over the past nine years, peaking at $88,708.01 in 2021. This upward trend, with a significant jump between 2020 and 2021, suggests increasing economic prosperity, which could be appealing for investors and real estate agents seeking high-yield opportunities. For insurance agents and appraisers, the data implies potentially higher property values and premiums. Overall, this financial growth points to a vibrant and thriving community, making Ontario County an attractive location for various stakeholders.
Average State and Local Income Taxes Per Tax Return in Ontario County, NY Over the Last 10 Years
Over the past decade, Ontario County in New York has experienced a significant rise in average state and local income taxes per tax return. From $7,658.49 in 2012 to $20,792.54 in 2021, these increases could reflect changes in local fiscal policies, economic growth, and perhaps escalating cost of living in the area. For potential investors, homeowners, and real estate professionals, understanding these tax trends is crucial for financial planning and assessing the economic health of the locality. This upward movement might also inform insurance agents and appraisers looking at property valuations within the county.
Average Total Tax Liability Per Tax Return in Ontario County, NY Over the Last 10 Years
The tax liability trend in Ontario County, New York shows a significant upward trajectory over the past decade. From 2012 to 2021, the average liability per tax return increased from about $9,819.06 to approximately $15,141.81. This rise in tax liability could potentially impact overall living costs, influencing decisions for investors, prospective property buyers, appraisers, and real estate agents. The notable jump in 2021 may particularly draw attention for those evaluating long-term fiscal commitments in the area.
Cost of Living in Ontario County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,435 | $1,580 | $1,448 | $2,659 | $1,858 |
| 2 adults 3 children | $1,435 | $1,291 | $1,411 | $2,659 | $1,631 |
| 1 adult 4 children | $1,435 | $1,291 | $909 | $2,659 | $1,964 |
| 1 adult 3 children | $1,435 | $1,054 | $872 | $2,659 | $1,775 |
| 2 adults 2 children | $1,179 | $1,057 | $1,375 | $2,324 | $1,389 |
| 1 adult 2 children | $1,179 | $789 | $835 | $2,324 | $1,457 |
| 2 adults 1 child | $1,179 | $835 | $1,338 | $1,238 | $1,146 |
| 1 adult 1 child | $1,179 | $540 | $798 | $1,238 | $1,056 |
| 2 adults | $944 | $671 | $958 | $0 | $783 |
| 1 adult | $834 | $366 | $479 | $0 | $641 |
Safety trends & Data
Ontario County, New York, has seen a notable shift in property crime trends over the past few years. Larceny-theft cases have been on the decline, dropping from 1,301.00 in 2018 to 716.00 in 2022, while burglary peaked at 150.00 incidents last year. Vandalism numbers remained steady, hovering between 240.00 and 285.00 annually, with motor vehicle theft slightly increasing to 39.00 cases in 2022. These fluctuations may influence property investments, insurance premiums, and community safety... Read more
Property Crime Trends in Ontario County, NY Over the Last 4 Years
Ontario County, New York, has shown notable fluctuations in property crimes over the last four years. Larceny-Theft consistently represents the highest numbers but has been trending downward from 1,301.00 cases in 2018 to 716.00 in 2022. Conversely, burglary incidents experienced a peak at 150.00 cases in 2022, after a dip to 117.00 in 2020. Vandalism rates have remained relatively steady, sitting around the 240-285 mark each year. Interestingly, motor vehicle theft saw minor variation, with a slight uptick to 39.00 cases in 2022. These patterns suggest varying dynamics in criminal activity, which could impact property investments, insurance assessments, and community safety strategies.
Demographics
Ontario County, New York, exhibits a slight gender imbalance with more females than males. Education levels vary, with a significant portion of the population holding a high school diploma or higher, and a noteworthy number achieving a bachelor's degree or beyond. Age distribution suggests a balanced spread across various cohorts, but a noticeable concentration of residents in the 55 to 64 age group could indicate an aging population. Racial diversity is modest, with a dominant White... Read more
Race Distribution in Ontario County, New York (2022)
Educational Attainment in Ontario County, New York (2022)
Age Distribution in Ontario County, New York
Citizen Population in Ontario County, New York (2022)
Political Trends & Data
Ontario County, New York, displayed nearly equal support for Republican and Democrat parties during the 2020 presidential election, reflecting a balanced political landscape. Each major party received approximately 48% of the vote, positioning the county as a potential battleground area for future elections. Additionally, the Libertarian party garnered about 1.6%, suggesting some local interest in third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ontario County, New York, showcased almost equal support for both the Republican and Democrat parties in the 2020 presidential election, with each garnering around 48% of the vote. This close competition could suggest a balanced political landscape, highlighting the county as a potential battleground in future elections. The Libertarian party, while small, captured about 1.6% of the vote, perhaps indicating a noteworthy level of interest in third-party candidates.
48.33% of voters voted for the Republican party in the 2020 Presidential Election
48.31% of voters voted for the Democrat party in the 2020 Presidential Election
1.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Green party in the 2020 Presidential Election
1.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ontario County, New York's student-to-teacher ratio has hovered below the national average over the past decade, peaking at 13.5 in 2014 and falling to below 10 by 2020. This trend, likely influenced by broader educational disruptions, continues to show a commitment to smaller class sizes with the ratio at 10.11 in 2023. For real estate stakeholders, this could signal enhanced educational quality, drawing families who value personalized learning experiences and possibly boosting housing demand... Read more
Student-to-teacher ratio in Ontario County, New York over the last 10 years
Over the last decade, Ontario County, New York has seen its student-to-teacher ratio consistently fall below the national average of 14 students per teacher. The ratio peaked at approximately 13.5 in 2014, steadily decreased to around 12 by 2018, and notably dipped to just below 10 in 2020, likely influenced by broader educational disruptions. The subsequent years saw slight fluctuations, landing at 10.11 in 2023. For potential investors, relocators, appraisers, insurance agents, property developers, and real estate professionals, these trends may indicate a strong commitment to smaller class sizes, which can enhance the quality of education and appeal to families prioritizing educational outcomes. Lower ratios can signify a more personalized learning experience for students, potentially driving demand for housing in the area.
