Schenectady County Real Estate and Livability Trends
Schenectady County, New York, has witnessed home values increasing significantly from $165,800 in 2015 to $204,400 in 2022, outpacing both national and state trends and making it a potentially attractive area for investors and homebuyers seeking property appreciation. The county's real estate taxes have also risen, especially between 2017-2018, which could reflect changes in property values or... Read more
Schenectady County Market Trends
Schenectady County's real estate market has seen a notable increase in median home values, reaching $204,400 in 2022 from $165,800 in 2015, which outpaces both national and New York State trends. This suggests increased interest, perhaps making the area appealing to investors and homebuyers looking for significant property appreciation. Residential energy tax credits have shown significant... Read more
Median Value of Occupied Housing Units in Schenectady County, New York Over the Last 8 Years
Schenectady County's median home values have seen an upward trend over the last eight years, peaking at $204,400 in 2022 after a stable rise from $165,800 in 2015. This increase contrasts with the more modest and gradual rise in national median home values, which started at $125,500 in 2015 and reached $179,400 by 2022. The county's growth in home values is also more pronounced when compared to New York State, where values saw a steady climb from $283,400 in 2015 to $384,100 in 2022. This trend may suggest a growing interest in Schenectady County, potentially outperforming broader trends seen at both state and national levels, and could be appealing for investors and homebuyers intrigued by significant property value appreciation.
Residential Energy Tax Credit Per Tax Return in Schenectady County, NY Over the Last 9 Years
Schenectady County, New York has seen significant fluctuations in average residential energy tax credit per tax return over the past nine years, with a notable peak at $2,030.00 in 2018. This suggests varying degrees of investment in energy efficiency improvements among homeowners. Such variations may offer insights into consumer behavior and local policy impact, potentially informing decisions for real estate agents, investors, and insurers about market trends and property valuations.
Average Real Estate Taxes Per Tax Return in Schenectady County, NY Over the Last 10 Years
Schenectady County, New York has seen a steady increase in average real estate taxes per tax return over the past decade, with figures rising from $6,267.50 in 2012 to peaking at approximately $7,840.84 in 2020. The notable surge around 2017-2018, where taxes jumped from $6,816.34 to roughly $7,455.12, indicates a shift that may correlate with property value changes or municipal budget adjustments. For potential investors or stakeholders, understanding these tax trends is crucial, as they can impact overall return on investment, property affordability, and long-term financial planning.
Percentage of Farm Returns in Schenectady County, NY Over the Last 10 Years
The percentage of farm tax returns in Schenectady County, New York has fluctuated between approximately 0.17% and 0.21% over the past ten years, showing a slight declining trend. For potential investors and developers, this data could indicate that farming is not a predominant economic activity in the county, possibly suggesting more opportunities in residential or commercial real estate. For those considering moving to Schenectady County, the lower engagement in agriculture might mean more urban or suburban lifestyle options rather than rural. Farm tax returns are essentially annual filings by farmers to report income and claim deductions related to agricultural operations, giving a glimpse into the scale and presence of farming within the region.
Number of Mortgages by Occupancy Type in Schenectady County, NY Over the Last 5 Years in Schenectady County
Schenectady County, New York has seen varying trends in mortgage counts over the last five years, particularly in the categories of principal residences, investment properties, and second residences. Principal residences consistently show the highest volume, peaking in 2021 with 8850 mortgages, suggesting a robust demand for family homes. Investment properties, although smaller in comparison, have shown a steady increase, indicating possibly a growing interest in rental markets and real estate investment. Second residences have remained relatively stable but minimal, likely reflecting the region's lower demand for vacation homes. For investors, real estate agents, and those considering a move, understanding these trends can provide insights into market dynamics and potential opportunities or risks associated with different property types.
Economic Outlook
Over the past decade, Schenectady County, New York, has seen a notable rise in average taxable income per tax return, moving from approximately $57,539.38 in 2013 to around $73,126.40 by 2021. This upward trend in income aligns with increasing state and local income taxes, which saw a significant spike between 2017 and 2019. The steady rise in total tax liability, despite a brief dip in 2018, further emphasizes an evolving economic landscape. Meanwhile, fluctuations in poverty rates, which hit... Read more
Average Taxable Income per Tax Return in Schenectady County, NY over the last 9 years
Over the past nine years, Schenectady County, New York has seen a rising trend in average taxable income per tax return, starting at approximately $57,539.38 in 2013 and increasing to around $73,126.40 by 2021. This notable increase suggests potential economic growth and could be encouraging for investors, real estate agents, and those considering moving to the area. The consistent annual growth in average income might also impact property appraisals and insurance evaluations, reflecting an overall upward economic trajectory in the county.
Average State and Local Income Taxes Per Tax Return in Schenectady County, NY Over the Last 10 Years
Over the last decade, Schenectady County, New York, has seen a notable increase in average state and local income taxes per tax return. Starting from $6,206.43 in 2012, the amount has gradually climbed, peaking at $10,035.00 in 2021. The most significant jumps occurred between 2017 and 2019, with a considerable spike from $7,004.68 in 2017 to $9,091.31 in 2019. This trend might imply rising income levels, changes in taxation policies, or both, making it a point of interest for potential investors, new residents, and industry professionals evaluating the local economic climate.
Average Total Tax Liability Per Tax Return in Schenectady County, NY Over the Last 10 Years
In Schenectady County, New York, the average total tax liability per tax return has shown a steady increase over the past decade, with an exception around 2018 where a slight dip occurred. The tax burden escalated from roughly $8,532.05 in 2012 to about $10,943.60 in 2021. This rise might suggest an increasing income base or changes in tax regulations affecting residents. For those looking to invest, relocate, or appraise property, understanding these trends could indicate a growing economic health but might also signal higher costs for residents.
Cost of Living in Schenectady County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,488 | $1,540 | $1,453 | $2,635 | $1,820 |
| 2 adults 3 children | $1,488 | $1,258 | $1,417 | $2,635 | $1,600 |
| 1 adult 4 children | $1,488 | $1,258 | $912 | $2,635 | $1,924 |
| 1 adult 3 children | $1,488 | $1,027 | $875 | $2,635 | $1,742 |
| 2 adults 2 children | $1,222 | $1,030 | $1,380 | $2,304 | $1,362 |
| 1 adult 2 children | $1,222 | $769 | $838 | $2,304 | $1,403 |
| 2 adults 1 child | $1,222 | $814 | $1,343 | $1,227 | $1,120 |
| 1 adult 1 child | $1,222 | $526 | $801 | $1,227 | $1,020 |
| 2 adults | $1,005 | $654 | $962 | $0 | $771 |
| 1 adult | $901 | $357 | $481 | $0 | $648 |
Safety trends & Data
In Schenectady County, New York, property crimes like burglary and larceny have seen significant drops, with burglary incidents falling from 101 in 2018 to just 25 in 2022, and larceny-theft cases decreasing from 803 in 2018 to 388 in 2022. Interestingly, vandalism peaked in 2019 and 2020 with around 364 incidents but sharply declined to 101 by 2022. These crime trends could impact real estate values and insurance rates, potentially influencing decisions for investors and prospective... Read more
Property Crime Trends in Schenectady County, NY Over the Last 5 Years
In Schenectady County, New York, property crimes such as arson, burglary, and larceny have exhibited notable fluctuations over the last five years. For example, burglary incidents have significantly decreased from 101 in 2018 to just 25 in 2022, while larceny-theft, a prevalent issue, has also seen reductions, dropping from 803 in 2018 to 388 in 2022. Conversely, vandalism showed a peak in 2019 and 2020 with values around 364 but took a sharp decline to 101 in 2022. These mixed trends may influence real estate and insurance assessments, prompting stakeholders to weigh the evolving safety landscape when considering investments or relocations.
Demographics
Schenectady County, New York presents an interesting demographic landscape. With a relatively balanced gender distribution, the adult population seems to favor females slightly. Educational attainment skews towards high school graduates and those with some college experience, with a significant portion holding bachelor's or higher degrees, suggesting a moderately educated community. The age distribution appears diverse, yet the 25-34 year age bracket is highly prominent, indicative of a... Read more
Race Distribution in Schenectady County, New York (2022)
Educational Attainment in Schenectady County, New York (2022)
Age Distribution in Schenectady County, New York
Citizen Population in Schenectady County, New York (2022)
Political Trends & Data
In Schenectady County, New York, the Democratic Party seems to hold a significant edge, which could be indicative of the urban area's typical lean towards blue. With the Republican Party capturing a notably smaller portion of the vote, competitiveness appears low for this cycle. Meanwhile, the Libertarian and Green parties have minimal backing, and the presence of "Other" votes could point to some voter dissatisfaction or interest in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Schenectady County in New York appears to show a noticeable lead for the Democratic Party, possibly reflecting broader trends in urban areas leaning blue. The Republican Party's smaller share of the vote might suggest low competitiveness in this particular election cycle, while the Libertarian and Green parties seem to garner minimal support. The presence of votes for "Other" indicates some level of dissatisfaction or desire for alternatives beyond the main parties.
40.78% of voters voted for the Republican party in the 2020 Presidential Election
56.33% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Livertarian party in the 2020 Presidential Election
0.47% of voters voted for the Green party in the 2020 Presidential Election
1.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
Schenectady County, New York, has experienced a consistent decline in its student-to-teacher ratio, dropping from 14.8 in 2014 to 11.3 in 2023. This trend may be appealing to families seeking better educational opportunities, with the county's ratio now lower than the national average of 14 students per teacher. Real estate agents marketing family-friendly neighborhoods and investors in education-related developments might find this particularly useful. The reduced student-to-teacher ratio... Read more
Student-to-teacher ratio in Schenectady County, New York over the last 10 years
Over the past decade, Schenectady County, New York, has seen a steady decrease in its student-to-teacher ratio, moving from 14.8 in 2014 to 11.3 in 2023. This trend suggests improvements in individual attention for students, which might appeal to families considering a move to the area. With the national average currently at 14 students per teacher, Schenectady County's lower ratios could be an attractive point for investors in education-related developments, real estate agents marketing family-friendly neighborhoods, and insurance agents assessing risk to educational infrastructure. This focus on lower student-to-teacher ratios possibly signals a commitment to higher quality education, which could influence property values and community investments.
