Seneca County Real Estate and Livability Trends
Seneca County, New York, has seen a significant rise in average taxable income per tax return from $46,720.63 in 2013 to $62,295.75 in 2021, signaling a potentially stronger local economy that might drive up property values and demand. Median home values also jumped from $111,800 in 2021 to $132,000 in 2022, making it an attractive market compared to New York State's median of $384,100. Despite... Read more
Seneca County Market Trends
Median home values in Seneca County, New York, have shown notable growth, particularly from 2021 to 2022, rising from $111,800 to $132,000. This makes the county an attractive proposition for buyers compared to the significantly higher median values in New York State ($384,100) and the more gradual increase seen nationally ($179,400). The county's average residential energy tax credits have... Read more
Median Value of Occupied Housing Units in Seneca County, New York Over the Last 8 Years
Median home values in Seneca County, New York, have experienced incremental growth over the past eight years, with the largest jump seen from 2021 to 2022, increasing from $111,800 to $132,000. This pace contrasts with the state of New York, where home values are significantly higher but follow a more steady incline, reaching $384,100 in 2022. The national figures also show consistent growth but at a more gradual rate, with the median home value hitting $179,400 in 2022. For potential buyers, this could indicate a more attractive investment opportunity in Seneca County due to its lower entry price and recent upward trend in value.
Residential Energy Tax Credit Per Tax Return in Seneca County, NY Over the Last 9 Years
Seneca County, New York has seen significant fluctuations in average residential energy tax credits per tax return, with notable peaks in 2015 and 2018 where the averages reached $806.25 and $1,733.33 respectively. These peaks might suggest periods of increased investment in energy-efficient improvements, which could be advantageous for property developers, real estate agents, and potential investors eyeing opportunities in the area. For appraisers and insurance agents, understanding these fluctuations could aid in assessing the impact of energy-efficient upgrades on property values and insurance risks.
Average Real Estate Taxes Per Tax Return in Seneca County, NY Over the Last 10 Years
Over the past decade, seneca county real estate taxes per tax return have shown a noticeable upward trend, starting at approximately $4,773.73 in 2012 and escalating to around $7,484.09 by 2021. This persistent increase, particularly between 2017 and 2018, when taxes jumped from $5,695.00 to $6,900.00, suggests rising property values or changes in tax policies. Investors and potential homeowners should consider the impact of these growing taxes on future financial planning, while appraisers and insurance agents might need to adjust their assessments and premiums accordingly.
Percentage of Farm Returns in Seneca County, NY Over the Last 10 Years
In Seneca County, New York, the percentage of farm tax returns over the last decade has fluctuated but generally hovered around 3.3%. After a slight increase to 3.49% in 2015, it gradually decreased to 3.14% by 2020, rebounding slightly to 3.20% in 2021. Farm tax returns are crucial indicators of agricultural activity and financial health in the region. These trends are significant for investors and property developers as they reflect the vitality of the local farming economy, potentially influencing land value and development prospects.
Number of Mortgages by Occupancy Type in Seneca County, NY Over the Last 5 Years in Seneca County
Seneca County, New York, has experienced fluctuations in mortgage activity across different occupancy types over the last five years. Principal residences consistently dominate the market, peaking in 2021 with 1,038 mortgages, but decreased to 825 in 2022. Second residences show a more stable yet modest pattern, generally hovering around 100 mortgages annually. Investment property mortgages have seen slight increases, from 44 in 2018 to 64 in 2022. Shifts in these metrics can be crucial for investors, real estate agents, appraisers, and others interested in the area, as they may indicate evolving housing demand and investment opportunities, potentially influencing property values and insurance considerations.
Economic Outlook
Seneca County, New York, has seen a steady rise in average taxable income per tax return, climbing from about $46,720.63 in 2013 to around $62,295.75 in 2021. This increase could signal a stronger local economy, potentially driving up property values and demand. However, the spike in average state and local income taxes per return—shooting from $5,735.84 in 2012 to approximately $17,050.00 by 2021—might be a crucial factor for investors and homeowners to consider, affecting cost of living... Read more
Average Taxable Income per Tax Return in Seneca County, NY over the last 9 years
Seneca County, New York has shown a consistent increase in average taxable income per tax return over the past nine years, rising from approximately $46,720.63 in 2013 to about $62,295.75 in 2021. This trend suggests a gradually strengthening local economy, which could make the area more attractive for potential investors, new residents, and businesses considering relocation. For real estate agents and appraisers, this increase could indicate a potential rise in property values and demand. Insurance agents might find that the residents' higher incomes could affect the type and amount of coverage sought. Overall, the economic growth reflected in these numbers provides a promising outlook for various stakeholders connected to the region.
Average State and Local Income Taxes Per Tax Return in Seneca County, NY Over the Last 10 Years
Over the past decade, Seneca County, New York has seen a substantial increase in average state and local income taxes per tax return, surging from about $5,735.84 in 2012 to roughly $17,050.00 in 2021. This trend highlights a significant rise in the tax burden for residents, potentially affecting the cost of living and investment decisions. Notably, the spike starting in 2018 could indicate changes in tax policy or economic conditions specific to this area, making it crucial for potential investors, homeowners, and local business operators to factor in these escalating costs when considering their financial strategies and commitments.
Average Total Tax Liability Per Tax Return in Seneca County, NY Over the Last 10 Years
Over the past decade, Seneca County, New York has experienced a steady climb in the average total tax liability per tax return, peaking significantly between 2020 and 2021. Starting at approximately $6,514.27 in 2012 and reaching around $8,611.94 in 2021, this upward trend likely suggests increasing property values or changes in local tax policies. Such growth, particularly the notable jump in recent years, may be of interest to investors, real estate agents, and individuals contemplating a move, providing insights into the evolving financial landscape and potential economic growth within the county.
Cost of Living in Seneca County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,198 | $1,395 | $1,457 | $1,610 | $1,188 |
| 2 adults 3 children | $1,198 | $1,140 | $1,424 | $1,610 | $1,006 |
| 1 adult 4 children | $1,198 | $1,140 | $906 | $1,610 | $1,263 |
| 1 adult 3 children | $1,198 | $931 | $873 | $1,610 | $1,075 |
| 2 adults 2 children | $926 | $933 | $1,391 | $1,396 | $916 |
| 1 adult 2 children | $926 | $697 | $840 | $1,396 | $864 |
| 2 adults 1 child | $926 | $738 | $1,358 | $698 | $880 |
| 1 adult 1 child | $926 | $476 | $806 | $698 | $699 |
| 2 adults | $732 | $593 | $981 | $0 | $671 |
| 1 adult | $727 | $323 | $491 | $0 | $594 |
Safety trends & Data
Seneca County, New York, has seen some notable trends in property crimes over the past five years, with Larceny-Theft consistently being the most common, ranging from 63 to 104 incidents annually. Vandalism also fluctuates between 19 and 40 cases each year. However, Burglary saw a dramatic rise from just 1 case in 2018 to a peak of 17 in 2021 before slightly declining in 2022. Additionally, Fraud incidents have climbed significantly since 2019, spotlighting potential areas of concern for those... Read more
Property Crime Trends in Seneca County, NY Over the Last 5 Years
Over the past five years, Seneca County, New York, has seen varying trends in property crimes, with Larceny-Theft consistently being the most reported offense annually, ranging from 63 to 104 incidents. Vandalism also shows notable frequency, experiencing fluctuations between 19 and 40 cases yearly. Interestingly, Burglary saw a stark increase from 1 case in 2018 to a peak of 17 cases in 2021 before settling slightly lower in 2022. Fraud incidents climbed significantly after 2019, highlighting potential areas of concern for those interested in this locale.
Demographics
Seneca County, New York, exhibits a slightly higher male adult population compared to females. Educational attainment data suggests that while many residents have high school diplomas or some college experience, a significant number have yet to achieve these levels. The age distribution is fairly balanced but leans older, with notable populations aged 55 and up. Racially, the county is predominantly White, though small communities of African American, Asian, and other races are present. These... Read more
Race Distribution in Seneca County, New York (2022)
Educational Attainment in Seneca County, New York (2022)
Age Distribution in Seneca County, New York
Citizen Population in Seneca County, New York (2022)
Political Trends & Data
Seneca County, New York appears to lean Republican, with approximately 53% of the vote potentially supporting the Republican candidate in the latest presidential election, compared to around 44% for the Democrat. Third-party candidates seem to have minimal traction, collectively receiving under 4% of total votes. This political composition could influence local policies and development trends, particularly those aligned with conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Seneca County, New York, the Republican candidate might have had a slight lead with roughly 53% of the vote, while the Democrat possibly trailed at about 44%. Third-party candidates, including the Libertarian and Green parties, seemed to garner minimal support, with each gaining less than 2% of the total vote individually. The distribution suggests a preference for the two major parties, with a notable Republican edge.
52.99% of voters voted for the Republican party in the 2020 Presidential Election
43.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.23% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Green party in the 2020 Presidential Election
1.33% of voters voted for the Other party in the 2020 Presidential Election
School Data
Seneca County, New York has experienced a consistent decline in its student-to-teacher ratio, dropping from over 12 students per teacher in 2014 to around 9.5 recently. This trend can be appealing to families prioritizing education as it often implies smaller class sizes and more individualized student support. For real estate agents, appraisers, and insurance agents, this could hint at rising property values and increased community investment, given that the current ratio is below the national... Read more
Student-to-teacher ratio in Seneca County, New York over the last 10 years
Seneca County, New York has seen a consistent decrease in its student-to-teacher ratio over the past decade, dropping from over 12 students per teacher in 2014 to around 9.5 in recent years. This trend is notable for potential investors and new residents as lower student-to-teacher ratios often indicate smaller class sizes, which can be appealing for families prioritizing education. Real estate agents, appraisers, and insurance agents might also find this information relevant as it could impact property values and community investment. The current ratio in Seneca County is consistently below the US national average of 14 students per teacher, suggesting potentially stronger individual student attention and support compared to other regions.
