Oswego County Real Estate and Livability Trends
In Oswego County, New York, real estate markets offer intriguing investment opportunities. Median home values have increased from $94,800 in 2015 to $131,800 by 2022, providing a more affordable entry point compared to the state’s spike to $384,100. Although real estate taxes have risen and peaked at $6,682.50 in 2020, energy tax credits peaked in 2018, suggesting a push towards energy... Read more
Oswego County Market Trends
Oswego County, New York has seen median home values climb from $94,800 in 2015 to $131,800 in 2022, offering a more affordable entry point compared to the state's surge from $283,400 to $384,100. Residential energy tax credits peaked in 2018 at $3,658.33 per return, indicating a push for energy-efficient improvements. Real estate taxes have also risen, peaking at around $6,682.50 in 2020,... Read more
Median Value of Occupied Housing Units in Oswego County, New York Over the Last 8 Years
Over the last 8 years, median home values in Oswego County, New York have shown a consistent upward trend, rising from $94,800 in 2015 to $131,800 in 2022. While these values are considerably lower than New York State’s, which surged from $283,400 to $384,100 during the same period, the growth rate in Oswego County may provide a more affordable entry point for investors and new residents. Comparatively, national median home values also trended upwards from $125,500 to $179,400, indicating robust growth but still maintaining a higher baseline than Oswego County. This disparity could present unique opportunities for those looking to capitalize on growth potential in a more cost-effective market.
Residential Energy Tax Credit Per Tax Return in Oswego County, NY Over the Last 9 Years
Residential energy tax credits in Oswego County, New York, have shown noticeable fluctuations over the past nine years, with a remarkable spike in 2018 reaching an average credit of $3,658.33 per tax return. This suggests significant activity in home energy efficiency improvements or installations of renewable energy systems during that year. Generally, the upward trend, especially peaking in 2017 and then again post-2018, indicates growing homeowner incentives to invest in energy efficiency. For potential investors, builders, and real estate agents, this trend may highlight an increasing local market demand for energy-efficient upgrades. Similarly, appraisers and insurance agents might consider these factors when assessing property values and coverage prerequisites.
Average Real Estate Taxes Per Tax Return in Oswego County, NY Over the Last 10 Years
Oswego County, New York has seen a steady increase in average real estate taxes over the past decade, starting from around $4,608.57 in 2012 and peaking at approximately $6,682.50 in 2020. This trend suggests a rising fiscal burden on homeowners, which might impact decisions for potential investors, real estate agents, and those looking to move to the area. While the taxes slightly dropped in 2021 to around $6,375.80, the overall upward trajectory could influence property values and affordability. Such dynamics are crucial for appraisers and insurance agents who gauge the financial and risk aspects linked to property ownership in this region.
Percentage of Farm Returns in Oswego County, NY Over the Last 10 Years
Over the past decade, Oswego County, New York, has seen its percentage of farm tax returns hover around 1.00%, mainly fluctuating between 0.86% and 1.04%. While there have been slight increases and decreases, the consistency suggests a stable agricultural presence. For potential investors or those considering moving or building in the area, this steady percentage of farm returns indicates a reliable agricultural sector that may support related businesses and services. The data could be valuable for understanding the local economy and planning future developments in a rural-friendly environment.
Number of Mortgages by Occupancy Type in Oswego County, NY Over the Last 5 Years in Oswego County
Oswego County, New York has seen a consistent preference for principal residences over the last five years, with mortgages for this category noticeably higher compared to investment or second residences. Particularly, 2021 marked a peak in principal residence mortgages, possibly driven by favorable interest rates or economic factors. Meanwhile, investment property mortgages have remained relatively stable, which could suggest steady interest from investors but not a significant influx. The relatively low count of second residences might indicate that this county is not a primary target for holiday homes or part-time living arrangements, which could impact long-term property values. Understanding these trends is crucial for investors, appraisers, real estate agents, and insurance professionals as they provide insights into residential stability, market demand, and potential growth opportunities in specific property types.
Economic Outlook
In Oswego County, New York, average taxable income per tax return has shown a steady rise from around $46,914.62 in 2013 to $61,236.72 by 2021, suggesting potential economic stability. However, with state and local income taxes per tax return climbing from $5,394.79 in 2012 to $8,816.44 by 2021, and total tax liability also increasing, the overall cost of living could be impacted. Additionally, the percentage of people living under the poverty line has been fluctuating, currently at 18.0% in... Read more
Average Taxable Income per Tax Return in Oswego County, NY over the last 9 years
Over the past nine years, Oswego County, New York, has seen a gradual yet noticeable increase in average taxable income per tax return, starting from approximately $46,914.62 in 2013 and rising to around $61,236.72 by 2021. This trend might indicate a growing economic stability, which could be of interest to potential investors, real estate agents, and those looking to build or move to the area. However, this increase in taxable income could also affect appraisals and insurance rates, so stakeholders should consider these factors when making decisions.
Average State and Local Income Taxes Per Tax Return in Oswego County, NY Over the Last 10 Years
Over the past decade in Oswego County, New York, the average state and local income taxes per tax return have generally trended upwards. Starting from $5,394.79 in 2012, there’s a noticeable increase reaching $8,816.44 by 2021. This gradual rise, particularly sharp after 2016, could reflect increasing property values, changes in tax policies, or economic growth in the region. Investors, real estate agents, and potential homeowners might find this significant as higher taxes could imply improvements in infrastructure or public services, but it might also affect the overall cost of living.
Average Total Tax Liability Per Tax Return in Oswego County, NY Over the Last 10 Years
In Oswego County, New York, the average total tax liability per tax return has shown a generally increasing trend over the past decade, with a notable rise from $6,259.45 in 2012 to $7,808.85 in 2021. While there was a dip in 2018 to $6,885.38, the overall pattern suggests growing tax burdens. This could indicate rising incomes, changes in tax laws, or shifting economic conditions, all of which are crucial considerations for investors, real estate professionals, appraisers, and insurance agents assessing the financial landscape of the county.
Cost of Living in Oswego County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,276 | $1,432 | $1,373 | $2,200 | $1,480 |
| 2 adults 3 children | $1,276 | $1,170 | $1,336 | $2,200 | $1,253 |
| 1 adult 4 children | $1,276 | $1,169 | $864 | $2,200 | $1,583 |
| 1 adult 3 children | $1,276 | $955 | $827 | $2,200 | $1,391 |
| 2 adults 2 children | $1,035 | $957 | $1,299 | $1,917 | $1,091 |
| 1 adult 2 children | $1,035 | $715 | $790 | $1,917 | $1,138 |
| 2 adults 1 child | $1,035 | $757 | $1,263 | $997 | $985 |
| 1 adult 1 child | $1,035 | $489 | $753 | $997 | $849 |
| 2 adults | $837 | $608 | $905 | $0 | $712 |
| 1 adult | $748 | $332 | $453 | $0 | $597 |
Safety trends & Data
In Oswego County, New York, property crime trends over the past five years reveal notable shifts: larceny-theft peaked at 634 reported cases in 2018 but dropped to 415 by 2022, and burglary incidents declined from 89 in 2018 to 42 in 2022, possibly suggesting enhanced home security measures. However, vandalism cases have seen an alarming rise, reaching 189 incidents in 2022. These crime patterns could indicate changing dynamics in community safety and highlight areas where enhanced security... Read more
Property Crime Trends in Oswego County, NY Over the Last 5 Years
In Oswego County, New York, the trends in property crimes over the past five years show fluctuating patterns with specific types seeing significant changes. Larceny-theft consistently remains the most common crime, hitting a high of 634 reported cases in 2018 before dropping to 415 in 2022. Burglary has declined significantly from 89 cases in 2018 to 42 cases in 2022, suggesting a potential improvement in home security measures. Other areas like vandalism and motor vehicle theft have shown variability, with vandalism cases experiencing a concerning rise to 189 reported incidents in 2022. For those investing or moving into Oswego County, these trends might imply shifts in community safety and potential areas for improved security infrastructure.
Demographics
Oswego County, New York exhibits a balanced gender distribution among adults, with only a slight edge in the male population. Educational attainment skews heavily towards high school graduates, though there's a noteworthy portion with some college education but no degree. Age distribution shows a relatively spread out population, though there's a larger segment in the 55 to 64 years bracket, which could indicate a future need for senior services. Racially, the county is predominantly White,... Read more
Race Distribution in Oswego County, New York (2022)
Educational Attainment in Oswego County, New York (2022)
Age Distribution in Oswego County, New York
Citizen Population in Oswego County, New York (2022)
Political Trends & Data
Oswego County, New York, displayed a significant Republican leaning in the 2020 U.S. Presidential Election, with approximately 58.6% of votes going to the GOP. Democrats trailed with around 38.5%, indicating a noticeable divide between the two main parties. Third-party candidates, including Libertarians and Greens, had minimal influence, collectively making up only a small fraction of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Oswego County, New York, the 2020 U.S. Presidential Election saw a majority leaning toward the Republican party, with an estimated 58.6% of the vote share. Democrats garnered about 38.5%, creating a noticeable gap between the two primary parties. Libertarians, Greens, and other parties collectively made up a very minor portion, suggesting a limited impact from third-party candidates.
58.59% of voters voted for the Republican party in the 2020 Presidential Election
38.55% of voters voted for the Democrat party in the 2020 Presidential Election
1.27% of voters voted for the Livertarian party in the 2020 Presidential Election
0.52% of voters voted for the Green party in the 2020 Presidential Election
1.08% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Oswego County, New York, the student-to-teacher ratio has decreased from 13 in 2014 to approximately 12 in 2023, below the national average of 14. For real estate investors and agents, this trend could signal smaller class sizes and more individualized attention for students, potentially boosting property values and attractiveness to homebuyers. This trend may also suggest a well-staffed school system, indicating a stable or growing community that prioritizes... Read more
Student-to-teacher ratio in Oswego County, New York over the last 10 years
In Oswego County, New York, the student-to-teacher ratio has been trending downward over the last decade, from 13 in 2014 to approximately 12 in 2023. This ratio falls below the current national average of 14 students per teacher. For investors and real estate agents, this can be an attractive metric indicating potentially smaller class sizes and more individualized attention for students, which can positively impact property values and appeal to prospective homebuyers. Appraisers and insurance agents might find lower ratios indicative of well-staffed local schools, potentially implying a stable or growing community prioritizing education.
