Saratoga County Real Estate and Livability Trends
In Saratoga County, New York, median home values climbed to $306,000 in 2022, underscoring the balance between affordability and growth. The notable increase in residential energy tax credits in 2018 points to a significant move towards renewable energy, while rising real estate taxes from $5,774.85 in 2012 to $8,948.70 in 2021 signal increasing property values. The county's student-to-teacher... Read more
Saratoga County Market Trends
Median home values in Saratoga County, New York, have risen steadily over eight years, reaching $306,000 in 2022, balancing affordability with appreciable growth. The peak in residential energy tax credits in 2018 suggests a significant shift towards renewable energy, offering potential returns for energy-efficient investments. Average real estate taxes have surged from $5,774.85 in 2012 to... Read more
Median Value of Occupied Housing Units in Saratoga County, New York Over the Last 8 Years
Median home values in Saratoga County, New York have shown a steady increase over the last eight years, culminating at $306,000 in 2022. This figure places the county's median well above the national median of $179,400 for the same year but below New York State’s median of $384,100. The consistent rise in home values in Saratoga County, compared to the sharper increases seen at the state level, offers a relatively more affordable yet appreciating investment in New York real estate. This trend might imply a promising opportunity for those looking to invest or move to the county, as it balances between state-level growth and national affordability.
Residential Energy Tax Credit Per Tax Return in Saratoga County, NY Over the Last 9 Years
Residential energy tax credits in Saratoga County, New York show some significant fluctuations over the past nine years, with a noticeable peak in 2018 at $3,719.05 per tax return. This high point suggests a major investment or incentive shift towards renewable energy or energy-efficient home improvements that year. Investors and property developers might find these figures useful for forecasting potential returns or incentives. Real estate agents may also see a correlation between energy-efficient homes and higher market value. Appraisers and insurance agents might consider energy-saving features as increasingly common and influential in property assessments and policy pricing.
Average Real Estate Taxes Per Tax Return in Saratoga County, NY Over the Last 10 Years
Saratoga County, New York has seen a notable increase in average real estate taxes per tax return over the last decade. Real estate taxes have risen from $5,774.85 in 2012 to $8,948.70 in 2021, with the most significant spike occurring between 2017 and 2018. This trend suggests escalating property values and possibly increased municipal spending, which will likely be relevant for potential investors, current homeowners, appraisers, insurance agents, and real estate professionals interested in the area.
Percentage of Farm Returns in Saratoga County, NY Over the Last 10 Years
Farm tax returns in Saratoga County, New York have shown a gradual decline over the last decade, with percentages of total returns decreasing from 0.43% in 2012 to approximately 0.37% in 2021. This downward trend could be indicative of either fewer farms operating in the region or farms diversifying their revenue streams outside traditional agriculture. For potential investors, this may present opportunities in land repurposing or in supporting local agriculture through innovative farming methods. Individuals interested in rural living or property development might find these statistics insightful when considering the community's agricultural vitality and economic shifts.
Number of Mortgages by Occupancy Type in Saratoga County, NY Over the Last 5 Years in Saratoga County
Shifts in the number of mortgages by occupancy type in Saratoga County, New York, indicate notable trends over the past five years. Principal residences consistently dominate the mortgage landscape, peaking in 2021 with 14,685 counts before declining. Investment properties saw a gradual increase until 2021, then dipped in subsequent years. Second residence mortgages show fluctuation but remain minor compared to the other categories. These changes may point to varying market dynamics and preferences, influencing investment decisions, development opportunities, and risk assessments in the region.
Economic Outlook
Saratoga County, New York, has seen notable fluctuations in average taxable income per tax return, peaking at $122,282.65 in 2021. This volatility highlights possible economic shifts or demographic changes, presenting intriguing opportunities for investors and real estate professionals. The drastic rise in state and local income taxes, from $14,385.56 in 2017 to $47,974.49 in 2021, might suggest increasing incomes or shifts in tax policy. Average total tax liability has also experienced... Read more
Average Taxable Income per Tax Return in Saratoga County, NY over the last 9 years
Saratoga County, New York has seen significant fluctuations in average taxable income per tax return over the past nine years, peaking at $122,282.65 in 2021. Between 2013 and 2021, the county experienced substantial growth punctuated by dips, notably in 2017 and 2019. This volatility could indicate broader economic shifts or changing demographics, making it a potentially interesting location for investors, real estate agents, and property developers looking to capitalize on economic upticks. Appraisers and insurance agents should note the variability, as it may impact property valuations and risk assessments.
Average State and Local Income Taxes Per Tax Return in Saratoga County, NY Over the Last 10 Years
Saratoga County, NY, has shown remarkable fluctuations in state and local income taxes per tax return over the last decade, reflecting broader economic trends and possible shifts in tax policy. Notably, the tax amount surged significantly from $14,385.56 in 2017 to a striking $29,050.44 in 2018, before experiencing further substantial increases to $47,974.49 by 2021. This steep rise might indicate increasing incomes or changes in tax regulations, presenting unique implications for investors, property developers, and financial professionals assessing the fiscal landscape of the area.
Average Total Tax Liability Per Tax Return in Saratoga County, NY Over the Last 10 Years
Over the last decade, Saratoga County, New York, has seen fluctuating average total tax liabilities per tax return, peaking at $23,836.30 in 2016 and again nearing this high at $23,801.20 in 2021. These trends indicate variable economic conditions but suggest overall growth in income levels or changes in tax policy. This data is particularly relevant for potential investors, prospective homebuyers, appraisers, and real estate professionals looking to understand the economic environment and tax implications in the region. Understanding these patterns can guide financial planning, investment decisions, and market analyses for stakeholders in Saratoga County.
Cost of Living in Saratoga County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,751 | $1,669 | $1,453 | $2,707 | $2,124 |
| 2 adults 3 children | $1,751 | $1,363 | $1,417 | $2,707 | $1,915 |
| 1 adult 4 children | $1,751 | $1,363 | $912 | $2,707 | $2,244 |
| 1 adult 3 children | $1,751 | $1,113 | $875 | $2,707 | $2,049 |
| 2 adults 2 children | $1,438 | $1,116 | $1,380 | $2,359 | $1,603 |
| 1 adult 2 children | $1,438 | $834 | $838 | $2,359 | $1,637 |
| 2 adults 1 child | $1,438 | $882 | $1,343 | $1,229 | $1,251 |
| 1 adult 1 child | $1,438 | $570 | $801 | $1,229 | $1,205 |
| 2 adults | $1,182 | $709 | $962 | $0 | $878 |
| 1 adult | $1,061 | $387 | $481 | $0 | $732 |
Safety trends & Data
Saratoga County, New York's property crime trends may sway real estate values and insurance rates. Larceny-Theft consistently leads, hitting a peak of 418.00 cases in 2022, while vandalism remains a steady concern with highs of 190.00 in 2018 and 188.00 in 2022. The irregular burglary figures suggest an inconsistent impact, and varying incidents of motor vehicle theft and fraud add to the complex picture. These issues might influence investment decisions within the... Read more
Property Crime Trends in Saratoga County, NY Over the Last 5 Years
Saratoga County, New York has experienced notable fluctuations in property crime over the past five years. Larceny-Theft consistently registers the highest numbers, peaking at 418.0 cases in 2022. Vandalism also shows a persistent presence, with highs like 190.0 cases in 2018 and 188.0 in 2022, indicating ongoing issues in maintaining property integrity. Interestingly, burglary numbers vary year by year, suggesting inconsistent impact, while other crimes like motor vehicle theft and fraud exhibit smaller but still significant variations. These trends could influence real estate values, insurance rates, and investment decisions in the county.
Demographics
Saratoga County, New York has a relatively balanced gender distribution with slightly more females than males. A significant proportion of residents hold a high school diploma, bachelor's degree, or higher, illustrating a well-educated populace. Age-wise, the most substantial segments are individuals aged 25 to 64, indicating a mature working-age population. While the racial composition is predominantly White, there's a small but diverse representation of other racial groups, including African... Read more
Race Distribution in Saratoga County, New York (2022)
Educational Attainment in Saratoga County, New York (2022)
Age Distribution in Saratoga County, New York
Citizen Population in Saratoga County, New York (2022)
Political Trends & Data
Saratoga County, New York, leans slightly Democratic with around 51.3% of the vote in the 2020 Presidential Election, while Republicans trailed with approximately 45.9%. The close margin hints at a politically competitive climate, and the minor influence of Libertarian and Green parties points to limited impact from smaller parties. This nuanced political landscape may reflect a diverse and dynamic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Saratoga County, New York, saw a slight lead for the Democratic candidate in the 2020 U.S. Presidential Election, with about 51.3% of the vote. Republicans were not far behind, potentially reflecting a competitive political climate, garnering approximately 45.9%. Smaller parties like the Libertarian and Green parties captured minimal shares, suggesting limited influence. Voter distribution in this context might indicate nuanced political leanings and a diverse electorate.
45.90% of voters voted for the Republican party in the 2020 Presidential Election
51.27% of voters voted for the Democrat party in the 2020 Presidential Election
1.30% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Green party in the 2020 Presidential Election
1.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
Saratoga County in New York has seen a decrease in the student-to-teacher ratio from 15 in 2014 to about 12 in 2023, contrasting the national average of around 14 students per teacher. This trend could suggest better educational conditions, potentially making the area more attractive to families prioritizing smaller class sizes. Real estate agents and investors might view this as a sign of increased desirability, potentially driving property values higher. Appraisers and insurance agents might... Read more
Student-to-teacher ratio in Saratoga County, New York over the last 10 years
Over the past decade, Saratoga County in New York has seen a notable decrease in the student-to-teacher ratio, moving from 15 in 2014 to approximately 12 in 2023. This trend contrasts the national average, which hovers around 14 students per teacher. Such changes could suggest improving educational conditions, potentially making the area more attractive to families prioritizing smaller class sizes. For real estate agents and investors, this data might indicate increased desirability, possibly driving property values higher. Appraisers and insurance agents might also view this as a sign of a higher quality of life, impacting their respective assessments and offerings.
