Putnam County Real Estate and Livability Trends
Putnam County, New York's average taxable income per tax return surged from $84,320.52 in 2013 to $112,663.56 in 2021, potentially indicating a healthier economy and rising property values. Concurrently, median home values increased from $354,900 in 2015 to $421,800 in 2022, outpacing state and national averages and attracting investors. Real estate taxes rose from $9,721.82 in 2012 to $12,771.88... Read more
Putnam County Market Trends
Putnam County, New York has seen a notable rise in median home values over the past eight years, outperforming the state and national averages. Median home values jumped from $354,900 in 2015 to $421,800 in 2022, attracting potential real estate investors and developers. Additionally, residential energy tax credits have seen considerable fluctuation, with a significant increase in 2018 to... Read more
Median Value of Occupied Housing Units in Putnam County, New York Over the Last 8 Years
Putnam County, New York has seen a steady rise in median home values over the last eight years, starting from $354,900 in 2015 to $421,800 in 2022. This trajectory outpaces both the state of New York, which started at $283,400 and reached $384,100 in the same period, and the national average, climbing from $125,500 to $179,400. For those considering investments, moving, or property development in Putnam County, these trends might indicate a robust and potentially lucrative real estate market compared to broader state and national levels.
Residential Energy Tax Credit Per Tax Return in Putnam County, NY Over the Last 9 Years
Over the last nine years, Putnam County, New York has experienced significant fluctuations in residential energy tax credits per tax return, seeing peaks and notable increases. In 2017, the average credit jumped to $936.92, but the most striking change occurred in 2018 with a substantial increase to $3,642.86. Subsequent years saw a stabilization with amounts between approximately $1,198.78 and $1,297.40. These trends suggest a growing investment in energy-efficient home improvements, potentially signaling attractive incentives for homebuyers and real estate investors interested in energy-efficient properties. This variability might also be of interest to appraisers and insurance agents assessing long-term property values and policy risks related to energy improvements.
Average Real Estate Taxes Per Tax Return in Putnam County, NY Over the Last 10 Years
Average real estate taxes per tax return in Putnam County, New York, have shown a steady increase over the past decade, beginning at $9,721.82 in 2012 and rising to $12,771.88 in 2021. This trend suggests a consistent upward pressure on property tax obligations, which could be an important consideration for potential homebuyers, investors, and real estate professionals assessing the county's market environment. The steady rise may indicate increasing property values or adjustments in tax rates, both of which can play a significant role in overall housing affordability and investment viability.
Percentage of Farm Returns in Putnam County, NY Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Putnam County, New York has seen slight fluctuations, maintaining a relatively low and stable rate, peaking at approximately 0.08% in 2012 and seeing marginal decreases and increases in other years. Farm tax returns, essentially, are the financial documents filed for farming income and expenses, reflecting the scale and health of the agricultural sector. These figures might suggest limited but steady agricultural activity, possibly indicating that while farming isn't a primary industry in Putnam County, it holds consistent support. This could be an interesting factor for potential investors or property buyers in determining the rural and farming landscape of the area.
Number of Mortgages by Occupancy Type in Putnam County, NY Over the Last 5 Years in Putnam County
Putnam County, New York has shown varying trends in mortgage numbers across different occupancy types over the last five years. Principal residences consistently lead with the highest mortgage counts, peaking at 6,148 in 2021 before dropping to 3,854 in 2022. This could signal economic shifts or changes in residential preferences. Investment property mortgages have remained relatively stable but low, slightly decreasing from 144 in 2019 to 164 in 2022. Mortgages for second residences have fluctuated but remain the smallest segment, indicating less demand for vacation or intermittent-use homes. These shifting dynamics are crucial for investors, real estate agents, and developers as they suggest where opportunities might lie. Appraisers and insurance agents might also find value in knowing which types of properties are seeing more activity, hinting at levels of market stability or risk.
Economic Outlook
Putnam County, New York's average taxable income per tax return has surged from $84,320.52 in 2013 to $112,663.56 in 2021, potentially reflecting a healthier local economy and escalating property values. Concurrently, average state and local income taxes per tax return jumped from $8,918.39 in 2012 to $17,180.92 in 2021, with a notable spike between 2017 and 2020, possibly indicating legislative or economic shifts. Average total tax liability per tax return has also climbed from $14,542.92 in... Read more
Average Taxable Income per Tax Return in Putnam County, NY over the last 9 years
Putnam County, New York has seen a consistent upward trend in the average taxable income per tax return over the last nine years. Starting at $84,320.52 in 2013, it has gradually increased each year, recently reaching $112,663.56 in 2021. This steady growth could indicate a healthier local economy and potentially higher property values, which might appeal to real estate agents, investors, and potential homebuyers. The rising incomes may also influence appraisals and insurance premiums, making it an interesting data point for professionals in these fields.
Average State and Local Income Taxes Per Tax Return in Putnam County, NY Over the Last 10 Years
Putnam County, New York has experienced a pronounced increase in average state and local income taxes per tax return over the past decade. In 2012, taxpayers were paying roughly $8,918.39, which has surged to approximately $17,180.92 by 2021. Notably, there was a sharp rise between 2017 and 2020, suggesting potential changes in legislation, income levels, or economic factors that might affect long-term financial planning. For those considering moving to or investing in the area, these climbing tax rates could imply a higher cost of living. Appraisers and insurance agents should also factor this trend into their evaluations and risk assessments. Real estate agents may need to highlight the implications of such tax increases to potential buyers and sellers.
Average Total Tax Liability Per Tax Return in Putnam County, NY Over the Last 10 Years
Over the past decade, average total tax liability per tax return in Putnam County, New York has shown a general upward trend. Starting from $14,542.92 in 2012, tax liability increased consistently, peaking at $20,968.10 in 2021. Such a rise might indicate an increase in property values or effective tax rates, which could be significant for real estate investors, appraisers, and insurance agents assessing the area's financial landscape. Notably, this trend suggests a progressively higher financial commitment for residents, which could influence decisions on property investment and development in the county.
Cost of Living in Putnam County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,942 | $1,737 | $1,623 | $3,352 | $3,221 |
| 2 adults 3 children | $2,942 | $1,419 | $1,586 | $3,352 | $3,005 |
| 1 adult 4 children | $2,942 | $1,419 | $1,013 | $3,352 | $3,187 |
| 1 adult 3 children | $2,942 | $1,159 | $976 | $3,352 | $2,989 |
| 2 adults 2 children | $2,343 | $1,162 | $1,550 | $2,901 | $2,506 |
| 1 adult 2 children | $2,343 | $868 | $940 | $2,901 | $2,536 |
| 2 adults 1 child | $2,343 | $918 | $1,513 | $1,434 | $1,951 |
| 1 adult 1 child | $2,343 | $593 | $903 | $1,434 | $1,891 |
| 2 adults | $2,074 | $738 | $1,081 | $0 | $1,264 |
| 1 adult | $2,029 | $402 | $540 | $0 | $1,285 |
Safety trends & Data
Property crime in Putnam County, New York has seen notable fluctuations over the past five years. Burglary incidents significantly decreased from 16 in 2018 to 1 in 2021 but saw a small rise to 5 in 2022. Larceny-theft dropped sharply from 97 cases in 2018 to 27 in 2021, though it slightly rebounded to 51 in 2022. Motor vehicle thefts have remained consistently low, and vandalism incidents decreased from 45 in 2018 to 15 in 2021 but upticked to 31 in 2022. These trends might reflect improved... Read more
Property Crime Trends in Putnam County, NY Over the Last 5 Years
Property crime trends in Putnam County, New York have shown fluctuations over the past five years. Burglary incidents have generally decreased, from 16 in 2018 to 1 in 2021. However, there was a slight uptick to 5 incidents in 2022. Larceny-theft saw a significant reduction, dropping from 97 cases in 2018 to just 27 in 2021, but rebounded slightly to 51 in 2022. Motor vehicle thefts have remained relatively low, with minor variations from year to year. Vandalism incidents, though showing a decrease from 45 cases in 2018 to 15 in 2021, slightly increased to 31 in 2022. The data suggests a general downward trend in most property crimes, which could indicate improved community safety initiatives, making the area potentially more attractive for property investments and new residents.
Demographics
Putnam County, New York shows a balanced gender distribution with nearly equal numbers of males and females in the adult population. Educational attainment reveals a varied landscape, with the largest segments having either a high school diploma or a bachelor's degree, indicating a potential for diverse skilled labor. Age distribution suggests a significant proportion of the population is middle-aged, which may imply stability but also hints at a growing need for elder care services in the... Read more
Race Distribution in Putnam County, New York (2022)
Educational Attainment in Putnam County, New York (2022)
Age Distribution in Putnam County, New York
Citizen Population in Putnam County, New York (2022)
Political Trends & Data
In Putnam County, New York, the 2020 U.S. Presidential Election showcased a slight Republican preference with about 53% of the vote, compared to the Democrats' 45%. Minor parties like the Libertarian and Green managed just over 2%, revealing their limited impact in the region's political landscape. This suggests a predominantly two-party dynamic with modest third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Putnam County, New York, the 2020 U.S. Presidential Election revealed interesting dynamics across different political affiliations. Republicans seemed to have a slight edge, capturing approximately 53% of the vote, while Democrats secured around 45%. Minor parties like the Libertarian and Green parties, along with other affiliations, collectively garnered just over 2% of the vote, indicating a relatively narrow influence compared to the major parties.
52.94% of voters voted for the Republican party in the 2020 Presidential Election
45.11% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Green party in the 2020 Presidential Election
0.92% of voters voted for the Other party in the 2020 Presidential Election
School Data
Putnam County, New York has experienced a steady decline in the student-to-teacher ratio over the last decade, down from 14 in 2014 to about 11 in 2023. Given the national average of 14 students per teacher, this trend may attract families who prioritize more personalized education. As class sizes shrink, the county could see increased interest from potential investors and new residents. This educational quality can influence property appraisals and insurance assessments, as experts often... Read more
Student-to-teacher ratio in Putnam County, New York over the last 10 years
Putnam County, New York has seen a notable decline in the student-to-teacher ratio over the last ten years, dropping from around 14 students per teacher in 2014 to approximately 11 in 2023. This suggests that class sizes in the county have been decreasing, which can be appealing for families prioritizing education quality. With the national average standing at 14 students per teacher, Putnam County is positioned to attract potential investors and new residents who value more personalized and focused educational settings for their children. Lower ratios can also influence appraisors and insurance agents in their assessments, as they often consider factors such as community appeal and educational resources when determining property values and insurance risks.
