Orange County Real Estate and Livability Trends
Orange County, New York, has seen an impressive rise in the average taxable income per tax return, reaching $85,257.31 in 2021, and could be an attractive spot for investors and homebuyers. Median home values have also increased, climbing from $262,500 in 2015 to $337,800 in 2022, remaining more affordable than the state's average. Concurrently, the student-to-teacher ratio improved, with smaller... Read more
Orange County Market Trends
In Orange County, New York, median home values have steadily risen from $262,500 in 2015 to $337,800 in 2022, remaining more affordable than the state's average yet significantly higher than national figures. Residential energy tax credits fluctuated, reaching as high as $3,484.40 in 2018, which may reflect increased energy investments. Real estate taxes have steadily climbed from $8,023.87 in... Read more
Median Value of Occupied Housing Units in Orange County, New York Over the Last 8 Years
In Orange County, New York, median home values have shown a steady increase over the past eight years, climbing from $262,500 in 2015 to $337,800 in 2022. When compared to the broader New York State, where values increased from $283,400 in 2015 to $384,100 in 2022, homes in Orange County remain somewhat more affordable. Nationally, home prices have risen from $125,500 in 2015 to $179,400 in 2022. These trends suggest that while Orange County offers a more attractive price point than the state average, it significantly outpaces national figures, making it an interesting market for potential buyers and investors looking for a strategic middle ground.
Residential Energy Tax Credit Per Tax Return in Orange County, NY Over the Last 9 Years
Orange County, New York has seen notable fluctuations in residential energy tax credits per tax return over the past nine years. From a modest $424.34 in 2013, there was a significant surge to $3,484.40 in 2018, potentially reflecting heightened residential energy investments or policy changes. Post-2018, the values adjusted to hover around $1,456.01 in 2020, with another spike to $2,245.97 in 2021. These changes may interest investors, real estate agents, and homeowners considering energy-efficient upgrades, as they could suggest favorable conditions for tax benefits related to energy efficiency and sustainability improvements.
Average Real Estate Taxes Per Tax Return in Orange County, NY Over the Last 10 Years
Over the past decade, Orange County, New York has seen a steady increase in average real estate taxes per tax return, starting at $8,023.87 in 2012 and reaching $10,242.14 by 2021. This upward trend could signal rising property values and increasing tax burdens, which might influence decisions for potential investors, homebuyers, and real estate professionals. The consistent rise in real estate taxes underscores the importance for appraisers and insurance agents to consider these increases in their assessments and policy pricing. For those looking to build or develop properties, it's a factor that will impact future returns and operational costs.
Percentage of Farm Returns in Orange County, NY Over the Last 10 Years
The percentage of farm tax returns in Orange County, New York has seen incremental fluctuations over the past decade, starting at 0.27% in 2012 and slightly increasing to a peak of 0.29% in 2015 before gradually declining to 0.24% in 2021. Farm tax returns, which are tax filings specific to agricultural production, serve as an economic indicator of farming activities in the area. This subtle decline may suggest shifts in agricultural output or changes in the local farming economy, potentially impacting investment decisions and property development in the region. For those considering Orange County for agricultural ventures, it's worth noting the relatively stable yet slightly decreasing trend, which could impact long-term agricultural viability.
Number of Mortgages by Occupancy Type in Orange County, NY Over the Last 5 Years in Orange County
Analyzing mortgage trends in Orange County, New York over the last five years, there's a noticeable fluctuation in the number of mortgages across Principal Residences, Investment Properties, and Second Residences. Principal Residences have consistently dominated, peaking in 2021 but experiencing a significant drop in 2022. Investment Properties show a gradual rise, notably doubling from 2018 to 2021 before slightly decreasing. Second Residences have remained relatively low and stable. These shifts might hint at changing demographics or economic conditions, impacting local real estate markets and influencing decisions for investors, appraisers, and home buyers. Understanding these trends can offer valuable insights into market dynamics and potential opportunities or risks.
Economic Outlook
Orange County, New York, has witnessed a notable upswing in average taxable income per tax return, jumping to $85,257.31 in 2021. This trend suggests a growing affluence that could appeal to investors and homebuyers considering a move here. Concurrently, average state and local income taxes have climbed steeply, rising from $7,495.80 in 2012 to $13,044.66 in 2021, likely reflecting higher incomes or policy shifts. The average total tax liability also followed an upward trajectory, reaching... Read more
Average Taxable Income per Tax Return in Orange County, NY over the last 9 years
Orange County, New York, has seen a generally positive trend in average taxable income per tax return over the last nine years, with a substantial jump in 2021 to $85,257.31. This growth is likely enticing for potential investors and those contemplating relocation, as it suggests a robust economic environment. Real estate agents and property developers might view this as indicative of increasing affluence in the area, which can influence property values. Insurance agents and appraisers could also see this as a signal of rising incomes, prompting potential adjustments in insurance policies and property valuations.
Average State and Local Income Taxes Per Tax Return in Orange County, NY Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Orange County, New York have seen a noticeable upward trend, escalating from $7,495.80 in 2012 to $13,044.66 in 2021. This steep increase, especially marked by a significant jump between 2017 and 2018, potentially signals rising incomes or shifts in tax policy. Such changes are crucial for anyone evaluating the financial environment here, from property developers and real estate agents to prospective homebuyers and insurance agents, as they can impact overall cost of living and long-term investment feasibility.
Average Total Tax Liability Per Tax Return in Orange County, NY Over the Last 10 Years
Over the last decade in Orange County, New York, the average total tax liability per tax return has shown a notable upward trend. Starting at around $10,421.31 in 2012, it surged to approximately $14,296.43 by 2021. This consistent increase, especially a significant jump in 2021, indicates evolving economic dynamics that are likely impacting tax assessments and valuations. Prospective investors and residents should consider these rising tax liabilities when planning investments, purchasing property, or evaluating long-term financial commitments in the area.
Cost of Living in Orange County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,054 | $1,540 | $1,623 | $2,710 | $2,277 |
| 2 adults 3 children | $2,054 | $1,258 | $1,586 | $2,710 | $2,077 |
| 1 adult 4 children | $2,054 | $1,258 | $1,013 | $2,710 | $2,366 |
| 1 adult 3 children | $2,054 | $1,027 | $976 | $2,710 | $2,217 |
| 2 adults 2 children | $1,613 | $1,030 | $1,550 | $2,362 | $1,713 |
| 1 adult 2 children | $1,613 | $769 | $940 | $2,362 | $1,735 |
| 2 adults 1 child | $1,613 | $814 | $1,513 | $1,230 | $1,332 |
| 1 adult 1 child | $1,613 | $526 | $903 | $1,230 | $1,303 |
| 2 adults | $1,256 | $654 | $1,081 | $0 | $911 |
| 1 adult | $1,147 | $357 | $540 | $0 | $774 |
Safety trends & Data
Orange County, New York, has experienced notable fluctuations in property crimes over the past five years, impacting both real estate investments and neighborhood safety. Larceny-theft peaked in 2019 with 1,269 cases but dropped dramatically to 63 by 2021. Burglary incidents declined to just 11 in 2021, only to spike to 103 in 2022. Vandalism remains consistently high, with 300-400 incidents annually, highlighting ongoing concerns for property investors and... Read more
Property Crime Trends in Orange County, NY Over the Last 5 Years
Over the past five years, property crimes in Orange County, New York, have shown notable fluctuations. Larceny-theft consistently topped the list each year, reaching a peak in 2019 with 1,269 reported cases but seeing a sharp drop to 63 incidents by 2021. Burglary saw a significant decline in 2021 with just 11 reported incidents, before spiking again in 2022 to 103 cases. Vandalism remains a consistent issue, with figures hovering around 300-400 incidents annually. These trends are crucial for assessing the risk and viability for property investments, real estate development, and neighborhood safety assessments.
Demographics
Orange County, New York, exhibits a slight gender balance with nearly equal numbers of males and females. Educational attainment in the area leans heavily towards high school graduates and some college experience, but a solid cohort holds bachelor’s and advanced degrees. Age distribution highlights a significant portion of residents in their prime working years, particularly those aged 45 to 54, but there's a notable presence in the under-10 demographic, suggesting a family-oriented... Read more
Race Distribution in Orange County, New York (2022)
Educational Attainment in Orange County, New York (2022)
Age Distribution in Orange County, New York
Citizen Population in Orange County, New York (2022)
Political Trends & Data
Orange County, New York, demonstrated a nearly balanced divide between Republican and Democrat voters in the 2020 U.S. Presidential Election, with each securing about 49% of the vote. Third-party candidates, including Libertarian and Green, obtained a small yet noteworthy portion of the vote, hinting at some interest in alternative parties. This close political split might indicate a politically diverse and potentially unpredictable voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Orange County, New York, showed an almost even split between Republican and Democrat voters in the 2020 U.S. Presidential Election, with each party securing roughly 49% of the vote. Third-party options, while less significant, still managed to capture a small fraction of the electorate, illustrating a modest interest in alternatives like Libertarian and Green parties. This near-equilibrium could suggest a politically diverse and potentially unpredictable voter base.
49.04% of voters voted for the Republican party in the 2020 Presidential Election
48.86% of voters voted for the Democrat party in the 2020 Presidential Election
0.80% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.99% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Orange County, New York, the student-to-teacher ratio has decreased from around 13 students per teacher in 2014 to just over 11 students per teacher in 2023, undercutting the national average of 14 students per teacher. This trend could signify smaller class sizes and potentially more personalized attention for students, making the area appealing for families. For real estate agents and developers, this data offers a compelling angle to emphasize the quality of local schools, while... Read more
Student-to-teacher ratio in Orange County, New York over the last 10 years
In Orange County, New York, the student-to-teacher ratio has shown a decreasing trend over the last decade, dropping from approximately 13 students per teacher in 2014 to just over 11 students per teacher in 2023. This is a favorable shift when compared to the national average of 14 students per teacher, potentially suggesting smaller class sizes and possibly more individualized attention for students. For those looking to move to or invest in the area, this trend might indicate a desirable educational environment. Real estate agents and property developers could also leverage this data to highlight the quality of local schools to prospective buyers, while appraisers and insurance agents might consider it a factor in calculating valuations and risk assessments related to family housing.
