Schoharie County Real Estate and Livability Trends
Schoharie County, New York has seen a steady rise in average taxable income per tax return, climbing from $47,822.34 in 2013 to $64,794.95 in 2021, indicating potential economic strengthening that could appeal to investors and homebuyers. Home values rose moderately to $169,400 in 2022, well below the state median, suggesting it could be a profitable yet affordable market. Real estate taxes... Read more
Schoharie County Market Trends
Home values in Schoharie County, New York have seen moderate fluctuations, with a climb to $169,400 in 2022, significantly under the state median of $384,100. This, along with a nationwide upward trend, suggests a potentially lucrative investment opportunity in a relatively affordable market. Residential energy tax credits have varied sharply, peaking at $1,840.00 in 2018 before settling around... Read more
Median Value of Occupied Housing Units in Schoharie County, New York Over the Last 8 Years
Over the last eight years, median home values in Schoharie County, New York have experienced slight ups and downs, culminating in a significant rise to $169,400 in 2022. When compared to the statewide median value, which reached $384,100, Schoharie County's housing market remains notably more affordable. Nationally, home values have also been trending upwards, with the median reaching $179,400 in 2022. For those looking to invest or move to Schoharie County, this relative affordability, combined with the upward trend, could indicate a beneficial opportunity in a market that’s less volatile but showing positive growth.
Residential Energy Tax Credit Per Tax Return in Schoharie County, NY Over the Last 9 Years
Over the last nine years, residential energy tax credits in Schoharie County, New York, have shown significant fluctuation. While the average credit started at approximately $478.26 in 2013, it saw a sharp increase to $1,840.00 in 2018. The credits then dipped to $747.83 in 2020 before rising again to around $1,025.00 in 2021. These changes might indicate varying levels of residential investment in energy-efficiency projects, possibly driven by changes in policy incentives or energy costs, making it a noteworthy factor for potential investors, homeowners, and real estate professionals.
Average Real Estate Taxes Per Tax Return in Schoharie County, NY Over the Last 10 Years
Schoharie County, New York has seen a noticeable increase in real estate taxes per tax return over the past decade, rising from approximately $5,122.06 in 2012 to $7,501.75 in 2020, followed by a slight decrease to $7,156.60 in 2021. This trend indicates a potential for escalating property costs, which might interest investors and real estate agents looking at long-term profitability. Homebuyers and appraisers should be aware of this upward trajectory when evaluating property values and future tax liabilities. Builders might also consider this trend when forecasting budgets and pricing new developments in the area.
Percentage of Farm Returns in Schoharie County, NY Over the Last 10 Years
Schoharie County, New York, shows fairly stable farm tax returns over the last decade, with percentages hovering around 3%. Farm returns peaked at around 3.17% in 2015 but have since seen a slight decline to approximately 2.85% in 2021. This stability can potentially illustrate a resilient agricultural sector, which could be a critical factor for anyone considering investing in or moving to the area. Farm tax returns are critical financial metrics indicating the proportion of local tax filings coming from agricultural operations, offering an insight into the region's economic health and viability for farming enterprises.
Number of Mortgages by Occupancy Type in Schoharie County, NY Over the Last 5 Years in Schoharie County
In the past five years, Schoharie County, New York, has shown noticeable variations in mortgage counts by occupancy type. Principal residences have consistently dominated the market, with numbers fluctuating yet staying above the 1,000 mark. Second residences saw a notable increase in 2021, while investment property mortgages have remained relatively low but stable. These shifts in occupancy types could significantly impact property values, demand for housing, and even insurance rates. Investors and real estate agents might find the growing interest in primary living spaces interesting, while builders could see opportunities in catering to the increasing demand for second residences. Appraisers and insurance agents would benefit from these insights to adjust valuations and policy options respectively.
Economic Outlook
Schoharie County, New York, has experienced a consistent rise in average taxable income per tax return, jumping from $47,822.34 in 2013 to $64,794.95 in 2021. This indicates potential economic strengthening, which could be appealing to investors and prospective homebuyers. Meanwhile, average state and local income taxes have nearly doubled, moving from $5,263.82 in 2012 to $10,479.17 in 2021, posing possible challenges and opportunities in the housing market. Additionally, the average total tax... Read more
Average Taxable Income per Tax Return in Schoharie County, NY over the last 9 years
Over the last nine years, the average taxable income per tax return in Schoharie County, New York, has shown a steady upward trend. Starting from approximately $47,822.34 in 2013, it has incrementally increased to around $64,794.95 in 2021. This growth trajectory suggests a potentially strengthening local economy, which could be an attractive factor for investors, real estate agents, and those considering moving to the area. However, it's essential to consider potential external influences and economic conditions that might contribute to these changes.
Average State and Local Income Taxes Per Tax Return in Schoharie County, NY Over the Last 10 Years
Over the past decade, Schoharie County, New York has seen a notable increase in average state and local income taxes per tax return, particularly from 2018 onward. What started at approximately $5,263.82 in 2012 has nearly doubled to around $10,479.17 by 2021. This upward trend might raise considerations for potential investors, homeowners, and real estate agents as they evaluate the economic landscape and fiscal policies of the area. Such escalating taxes could impact property values and the overall cost of living, offering both challenges and opportunities for those connected to the housing market or planning to move to Schoharie County.
Average Total Tax Liability Per Tax Return in Schoharie County, NY Over the Last 10 Years
Schoharie County, New York, has seen a notable increase in average total tax liability per tax return over the past decade, growing from approximately $6,310.78 in 2012 to about $9,065.85 in 2021. While there have been minor fluctuations, the overall trend is upward, with a particularly sharp rise between 2019 and 2021. This trend may have implications for property investment, real estate pricing, and cost of living. Investors and potential residents can anticipate higher tax liabilities, which might be a consideration for budgeting and financial planning in the county.
Cost of Living in Schoharie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,238 | $1,383 | $1,679 | $2,007 | $1,527 |
| 2 adults 3 children | $1,238 | $1,130 | $1,642 | $2,007 | $1,330 |
| 1 adult 4 children | $1,238 | $1,130 | $1,046 | $2,007 | $1,616 |
| 1 adult 3 children | $1,238 | $923 | $1,010 | $2,007 | $1,423 |
| 2 adults 2 children | $1,017 | $925 | $1,606 | $1,749 | $1,177 |
| 1 adult 2 children | $1,017 | $691 | $973 | $1,749 | $1,160 |
| 2 adults 1 child | $1,017 | $731 | $1,569 | $910 | $1,053 |
| 1 adult 1 child | $1,017 | $472 | $936 | $910 | $894 |
| 2 adults | $836 | $587 | $1,120 | $0 | $780 |
| 1 adult | $750 | $320 | $560 | $0 | $640 |
Safety trends & Data
Schoharie County, New York has experienced fluctuating property crime trends over the past four years. Larceny-theft incidents surged to 91.0 in 2020 from just 19.0 in 2019, and vandalism doubled from 10.0 in 2018 to 22.0 in 2020, holding steady through 2022. Burglary, though initially declining, spiked to 7.0 in 2022. These shifts suggest potential risks related to property crime, which might be concerning for real estate investors and anyone considering property developments in the... Read more
Property Crime Trends in Schoharie County, NY Over the Last 4 Years
Schoharie County, New York has seen a fluctuating trend in property crimes over the last four years. Larceny-theft spiked in 2020 to 91.0 occurrences from just 19.0 in 2019, indicating a significant rise in property-related incidents. Vandalism also doubled from 10.0 in 2018 to 22.0 in 2020 and maintained that level in 2022. Interestingly, burglary incidents saw a general decline until a sharp increase to 7.0 in 2022. These trends might point to areas of concern for real estate investors and those considering property developments, as they signal potential risks related to property crime.
Demographics
Schoharie County, New York shows a nearly even split in its adult population between males and females. Educational attainment reveals that a significant portion of the population have completed high school or some college but fewer hold graduate or professional degrees. The age distribution highlights a sizable number of residents in the 45 to 64-year-old range, suggesting a mature population base. Racial demographics indicate a predominantly White population, with very small percentages of... Read more
Race Distribution in Schoharie County, New York (2022)
Educational Attainment in Schoharie County, New York (2022)
Age Distribution in Schoharie County, New York
Citizen Population in Schoharie County, New York (2022)
Political Trends & Data
Schoharie County in New York tends to lean conservative, as evidenced by around 63% of the votes going to Republican candidates in the 2020 U.S. Presidential Election. With Democrats capturing roughly 34% and minor parties a small fraction, there's some, albeit limited, political diversity. These trends suggest potential influences on local property investments and community developments driven by conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Schoharie County in New York shows a distinct preference for Republican candidates, with nearly 63% of the vote going to the GOP in the 2020 U.S. Presidential Election. Democrats garnered roughly 34%, which is notably lower but still a significant portion. Libertarians and other minor parties captured a small fraction, suggesting perhaps a limited yet existent interest in alternative political voices within this county. These trends could hint at a strong conservative leaning in the region with some minor ideological diversity.
62.64% of voters voted for the Republican party in the 2020 Presidential Election
33.81% of voters voted for the Democrat party in the 2020 Presidential Election
1.78% 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
1.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
Schoharie County, New York has experienced a notable decline in its student-to-teacher ratio, dropping from about 13 students per teacher in 2014 to under 10 by 2023—significantly below the national average of 14. This could indicate a more personalized learning environment, making the area particularly appealing to families prioritizing education or investors eyeing community growth. Real estate agents might see increased demand for housing near schools, while insurance agents could factor... Read more
Student-to-teacher ratio in Schoharie County, New York over the last 10 years
Schoharie County, New York has seen its student-to-teacher ratio steadily decline over the past decade, with the ratio dropping from approximately 13 students per teacher in 2014 to under 10 by 2023. This is considerably below the current national average of 14 students per teacher. Such trends could suggest a more personalized learning environment, potentially appealing to families prioritizing education or investors focused on community growth. For real estate agents and appraisers, this might indicate a demand for housing in areas near these schools, while insurance agents could see this trend as a factor when evaluating community risks and benefits.
