Steuben County Real Estate and Livability Trends
Steuben County, New York has exhibited notable growth in its real estate market with median home values increasing from $91,000 in 2015 to $121,000 in 2022. Despite the rise, it remains more affordable compared to state and national averages, which could attract cost-conscious families and investors. Rising average real estate taxes, up from $5,272.13 in 2012 to $8,800.78 in 2021, may reflect... Read more
Steuben County Market Trends
Steuben County, New York's median home values have risen from $91,000 in 2015 to $121,000 in 2022, signaling localized growth yet remaining below state and national averages. Such affordability might attract both investors and families seeking cost-effective alternatives within New York. Additionally, residential energy tax credit values have shown significant peaks, notably hitting an average of... Read more
Median Value of Occupied Housing Units in Steuben County, New York Over the Last 8 Years
Steuben County, New York has experienced a steady increase in median home values, from $91,000 in 2015 to $121,000 in 2022. This rise, while significant locally, still positions the county's housing costs well below both statewide and national averages, with New York State's median reaching $384,100 and the national figures hitting $179,400 in 2022. This could suggest that Steuben County offers more affordable housing options which might appeal to investors or families looking for cost-effective living alternatives within New York State.
Residential Energy Tax Credit Per Tax Return in Steuben County, NY Over the Last 9 Years
Steuben County, New York has seen significant fluctuations in residential energy tax credits per tax return over the past nine years. Notably, the highest spike occurred in 2018 with an extraordinary average of $3314.29. Values generally range between $270.92 and $797.83, suggesting occasional large investments or policy changes driving certain year's surges. This variability could impact appraisers, real estate agents, and investors by affecting property values and energy-saving amenities' appeal in the market.
Average Real Estate Taxes Per Tax Return in Steuben County, NY Over the Last 10 Years
Over the past decade, Steuben County, New York has experienced a clear upward trend in average real estate taxes per tax return, rising from roughly $5,272.13 in 2012 to around $8,800.78 in 2021. Notably, the most significant increases occurred between 2016 and 2019, suggesting heightened property values or changes in the tax code during that time. This trend might influence potential investors and homebuyers to consider the escalating tax burden, while real estate agents and appraisers need to factor in these rising taxes when evaluating property prices and market dynamics. Additionally, insurance agents and builders might see this as a sign of growing infrastructure demands or community investments, which could impact their pricing and development strategies.
Percentage of Farm Returns in Steuben County, NY Over the Last 10 Years
Steuben County, New York has seen farm tax returns hover around the 2.84% to 3.00% mark over the past decade, with slight fluctuations from year to year. The highest recorded percentage was about 3.00% in 2017, indicating perhaps a peak in farming activity or tax claims. Notably, the percentage dipped to roughly 2.75% in 2019 and has seen a small increment since. These figures can be indicative of trends in agricultural economy, making it essential data for investors or individuals considering farming ventures in this area. Farm tax returns represent the total number of tax filings that claim farm income, offering insight into the prevalence of farming operations within the county. This is particularly crucial for understanding the health and trends of the local agricultural sector.
Number of Mortgages by Occupancy Type in Steuben County, NY Over the Last 5 Years in Steuben County
Over the last five years in Steuben County, New York, mortgages for principal residences show fluctuations, peaking in 2021 at 3,456 and dropping to 2,779 in 2022. Investment properties saw a high of 189 mortgages in 2021, then slightly declined in 2022. Second residences had a small peak in 2020 with 216 mortgages but decreased significantly to 141 by 2022. Such trends in occupancy types could reflect shifts in economic factors, lifestyle preferences, or market conditions, which might matter for investors, appraisers, and real estate agents by indicating shifts in demand and potential areas for opportunity or risk. Changes in occupancy type impact property values, insurance considerations, and even local housing strategies, making it crucial for stakeholders to monitor these data.
Economic Outlook
Steuben County, New York has experienced a sharp rise in average taxable income from $51,121.79 in 2013 to $68,859.78 in 2021, hinting at a revitalized local economy. However, there's also been a significant increase in average state and local income taxes, which soared from $7,443.48 in 2012 to $23,928.70 in 2021. Interestingly, while the average total tax liability rose from $7,503.75 in 2012 to $10,353.58 in 2021, the percentage of people living below the poverty line saw a downward trend,... Read more
Average Taxable Income per Tax Return in Steuben County, NY over the last 9 years
Steuben County, New York has seen notable growth in average taxable income over the last nine years, with increases from $51,121.79 in 2013 to a peak of $68,859.78 in 2021. This upward trend could indicate a revitalized local economy, making the area potentially attractive for investors, new residents, appraisers, and real estate agents. With a diverse range in income growth across the years, gauging property value changes and market dynamics could be essential for those interested in building or insuring property in the county.
Average State and Local Income Taxes Per Tax Return in Steuben County, NY Over the Last 10 Years
Over the past decade, Steuben County's average state and local income taxes per tax return have seen a notable upward trajectory. From $7,443.48 in 2012, the figure experienced significant jumps, especially between 2017 at $8,882.75 and 2018 at $16,771.81. By 2021, the average reached a staggering $23,928.70. This trend indicates that tax burdens are increasing substantially, a factor that potential investors and residents need to consider when evaluating the financial landscape and cost of living in Steuben County, New York.
Average Total Tax Liability Per Tax Return in Steuben County, NY Over the Last 10 Years
Over the past decade in Steuben County, New York, the average total tax liability per tax return has seen a general upward trend, jumping from $7,503.75 in 2012 to $10,353.58 in 2021. Notable increases occurred between 2016 and 2017, and again from 2020 to 2021, suggesting economic factors or policy changes influencing taxpayer obligations. Such fluctuations can impact decisions for potential investors, property developers, and real estate professionals, signaling potential shifts in the economic landscape of the area.
Cost of Living in Steuben County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,099 | $1,500 | $1,529 | $1,750 | $1,254 |
| 2 adults 3 children | $1,099 | $1,225 | $1,496 | $1,750 | $1,058 |
| 1 adult 4 children | $1,099 | $1,225 | $949 | $1,750 | $1,314 |
| 1 adult 3 children | $1,099 | $1,000 | $916 | $1,750 | $1,117 |
| 2 adults 2 children | $844 | $1,003 | $1,463 | $1,517 | $952 |
| 1 adult 2 children | $844 | $749 | $883 | $1,517 | $896 |
| 2 adults 1 child | $844 | $793 | $1,430 | $759 | $895 |
| 1 adult 1 child | $844 | $512 | $850 | $759 | $701 |
| 2 adults | $714 | $637 | $1,032 | $0 | $685 |
| 1 adult | $676 | $347 | $516 | $0 | $586 |
Safety trends & Data
Steuben County, New York's property crime trends have fluctuated over the past five years. Burglary saw a spike in 2020 with 37 incidents, while larceny-theft peaked in 2018 at 151 incidents. Although fraud and motor vehicle theft have remained relatively stable, vandalism incidents have been slowly rising, reaching 67 in 2022. These trends are essential for investors, real estate agents, and residents assessing the area's overall... Read more
Property Crime Trends in Steuben County, NY Over the Last 5 Years
Steuben County, New York has seen fluctuating property crime trends over the past five years. Notably, burglary and larceny-theft incidents have varied significantly, with a notable spike in burglary in 2020 at 37 incidents and larceny-theft peaking in 2018 at 151 incidents. Conversely, fraud and motor vehicle theft have remained relatively low and stable, with minimal increases. Meanwhile, vandalism incidents appear to be on a slow rise, reaching 67 in 2022. These trends may be key indicators for prospective investors, real estate agents, and residents evaluating the overall safety and security of the area.
Demographics
Steuben County, New York, showcases a balanced gender distribution among adults and a fairly diverse age range, skewed slightly toward older demographics, with the largest cohort being 55 to 64 years old. Educational attainment reflects a strong presence of high school graduates, although fewer residents possess college degrees, indicating potential areas for educational initiatives. Predominantly White, the racial composition includes small percentages of Black or African American, Asian, and... Read more
Race Distribution in Steuben County, New York (2022)
Educational Attainment in Steuben County, New York (2022)
Age Distribution in Steuben County, New York
Citizen Population in Steuben County, New York (2022)
Political Trends & Data
In Steuben County, New York, Republicans seemed to capture around 63% of the 2020 U.S. Presidential Election votes, with Democrats getting about 34%. Minor parties, such as the Libertarian and Green, contributed only a small portion. This could indicate a significant Republican lean that might reflect wider voting behaviors in the state’s rural... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Steuben County, New York, the Republican Party appeared to dominate the 2020 U.S. Presidential Election with approximately 63% of the vote, while Democrats garnered close to 34%. Minor parties like the Libertarian and Green Parties, along with other independent candidates, collectively made up just a small fraction of the votes. This suggests a strong lean toward Republican preferences in this region, which might be indicative of broader voting patterns within rural areas in the state.
63.36% of voters voted for the Republican party in the 2020 Presidential Election
33.95% 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
0.35% of voters voted for the Green party in the 2020 Presidential Election
1.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
Steuben County, New York has seen a steady decline in the student-to-teacher ratio, going from around 12 in 2014 to approximately 10.5 by 2023. This trend, consistently below the national average of 14 students per teacher, could indicate a focus on personalized education and smaller class sizes. It can be appealing for families considering a move and influential for educational appraisers and real estate agents when evaluating property values. The lower student-to-teacher ratio might impact... Read more
Student-to-teacher ratio in Steuben County, New York over the last 10 years
Over the last decade, Steuben County, New York has experienced a steady decline in the student-to-teacher ratio, starting at around 12 in 2014 and reaching approximately 10.5 by 2023. This decreasing trend, which has consistently kept the ratio below the national average of 14 students per teacher, might indicate an increased focus on personalized education and possibly smaller class sizes. This can be particularly appealing for families considering a move to Steuben County, as well as for educational appraisers and real estate agents who factor in local school performance and student outcomes when evaluating property values. The lower student-to-teacher ratio may also influence economic decisions and community development initiatives, making the area more attractive for new residents and investors.
