Sullivan County Real Estate and Livability Trends
Sullivan County, New York has seen median home values climb from $165,900 in 2015 to $220,200 in 2022, potentially closing gaps with state and national medians, hinting at growing investment appeal. The average taxable income has risen from $49,271.77 in 2013 to $70,021.42 in 2021, with parallel increases in state and local income taxes, suggesting economic activity shifts that might impact... Read more
Sullivan County Market Trends
Sullivan County's median home values have risen steadily from $165,900 in 2015 to $220,200 in 2022, suggesting a closing gap with state and national medians that could imply growing investment potential. After peaking at an impressive $3,633.33 in 2018, residential energy tax credits have stabilized, indicating evolving energy efficiency measures. Real estate taxes have increased from $6,382.88... Read more
Median Value of Occupied Housing Units in Sullivan County, New York Over the Last 8 Years
Sullivan County's median home values have experienced a steady rise over the past eight years, jumping from $165,900 in 2015 to $220,200 in 2022. While still under New York State's median of $384,100 for the same year, the county's values have had a significant percentage increase compared to the national median, which sat at $179,400 in 2022. This upward trend might signal a growing investment potential within Sullivan County as it narrows the gap with state and national medians.
Residential Energy Tax Credit Per Tax Return in Sullivan County, NY Over the Last 9 Years
Over the past nine years, Sullivan County, New York has shown a varied trend in residential energy tax credits per tax return. There was a notable peak in 2018, with an average credit of $3,633.33, a significant jump compared to the previous years. Post-2018, the values stabilized but remained higher than pre-2017 averages, hitting $1,091.30 in 2019 and rising to $1,237.50 by 2021. These fluctuations suggest evolving energy efficiency measures and possibly changing legislation or incentives, which potential investors and homeowners might want to consider when evaluating property investments or energy costs in this area.
Average Real Estate Taxes Per Tax Return in Sullivan County, NY Over the Last 10 Years
Over the last decade, Sullivan County, New York has experienced a noticeable increase in average real estate taxes per tax return. Starting at approximately $6,382.88 in 2012, the average rose steadily, reaching about $9,016.98 by 2021. Such an upward trend might imply increasing property values or higher fiscal demands by local government entities. While this could potentially deter some homebuyers or investors, it might also reflect improved local infrastructure or services, which could be a pull factor for others. For insurance agents and appraisers, this trend underlines the evolving market dynamics and the importance of adjusting coverage and valuations accordingly.
Percentage of Farm Returns in Sullivan County, NY Over the Last 10 Years
Sullivan County, New York has shown a generally steady but modest percentage of farm tax returns over the past decade, fluctuating slightly from a high of 0.85% in 2019 to a low of 0.70% in 2020. Farm tax returns represent the filings by farms to indicate their income and operations, and they are a key indicator of agricultural activity in a region. While the percentage has remained relatively stable, the small changes could signify shifts in agricultural productivity or investment opportunities. This data is crucial for those considering investing, moving, or building property in Sullivan County, as it hints at the stability and potential growth in the local agricultural sector.
Number of Mortgages by Occupancy Type in Sullivan County, NY Over the Last 5 Years in Sullivan County
The trends in Sullivan County, New York show varied changes in mortgage counts over the past five years. Investment properties saw consistent growth, increasing from 142 in 2018 to 582 in 2022, indicating rising investor interest. Principal residences fluctuate moderately but display a general upward trend, reflecting sustained demand, increasing from 1985 in 2018 to 2729 in 2022. Second residences also grew, peaking at 945 in 2021 before slightly declining in 2022. Occupancy type shifts matter as they influence market dynamics, risk profiles for insurers, investment strategies for buyers, appraisal values, and development planning for builders and real estate agents. Changes hint at economic conditions, lifestyle shifts, and real estate market health, affecting decisions from investors to homeowners.
Economic Outlook
Over the past nine years, Sullivan County, New York has experienced a considerable rise in average taxable income, climbing from $49,271.77 in 2013 to $70,021.42 in 2021. This boost potentially makes the region more appealing for investment and real estate development. Additionally, the average state and local income taxes per return have surged, increasing from $5,633.96 in 2012 to $15,340.00 in 2021, possibly hinting at stronger economic activity or shifting tax policies, impacting property... Read more
Average Taxable Income per Tax Return in Sullivan County, NY over the last 9 years
Over the past nine years, Sullivan County, New York has seen a steady increase in average taxable income per tax return, with notable jumps in 2015, 2018, and 2021. The county's average taxable income rose from $49,271.77 in 2013 to $70,021.42 in 2021, indicating potential economic growth or shifts in income distribution. These figures may suggest a more attractive environment for investment and real estate development, while also impacting property appraisals and insurance considerations.
Average State and Local Income Taxes Per Tax Return in Sullivan County, NY Over the Last 10 Years
Over the past decade, Sullivan County, New York has seen a noteworthy increase in average state and local income taxes per tax return, rising from $5,633.96 in 2012 to $15,340.00 in 2021. The most significant jumps occurred between 2017 and 2019, with a particularly sharp increase in 2019. This trend potentially signals a growing economic activity or shifts in tax policies, which could impact property values, insurance premiums, and investment opportunities in the area. Being aware of these tax changes is crucial for anyone looking to invest, move to, or work within the real estate and financial sectors in Sullivan County.
Average Total Tax Liability Per Tax Return in Sullivan County, NY Over the Last 10 Years
Sullivan County, New York has experienced a notable upward trend in average total tax liability per tax return over the past decade. From $7,223.08 in 2012 to $10,994.13 in 2021, the increase suggests a growing financial burden for residents, which might reflect broader economic changes or shifts in local policies. For those considering investment or relocation, this trend could indicate rising incomes or property values, but it may also signal higher living costs. Given the fluctuations, particularly the spike in 2015 and steady climb post-2018, stakeholders should consider these factors in financial planning and market analyses.
Cost of Living in Sullivan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,341 | $1,436 | $1,632 | $1,827 | $1,443 |
| 2 adults 3 children | $1,341 | $1,173 | $1,599 | $1,827 | $1,246 |
| 1 adult 4 children | $1,341 | $1,172 | $1,010 | $1,827 | $1,519 |
| 1 adult 3 children | $1,341 | $958 | $977 | $1,827 | $1,328 |
| 2 adults 2 children | $1,008 | $960 | $1,566 | $1,584 | $1,056 |
| 1 adult 2 children | $1,008 | $717 | $944 | $1,584 | $1,040 |
| 2 adults 1 child | $1,008 | $759 | $1,533 | $792 | $993 |
| 1 adult 1 child | $1,008 | $490 | $911 | $792 | $814 |
| 2 adults | $838 | $610 | $1,104 | $0 | $764 |
| 1 adult | $698 | $332 | $552 | $0 | $603 |
Safety trends & Data
Sullivan County, New York has shown some promising declines in burglary and larceny-theft over the last four years, with burglary incidents dropping from 71 in 2018 to 36 in 2022, and larceny-theft reducing from 338 to 260. However, vandalism remains a concern, peaking at 111 incidents in 2019 and staying relatively high. This mixed bag of crime trends might influence how insurance agents assess risks and how real estate developers perceive the area's appeal and safety. Investors may also want... Read more
Property Crime Trends in Sullivan County, NY Over the Last 4 Years
Sullivan County, New York has shown fluctuating property crime trends over the past four years. Burglary and larceny-theft have generally decreased, with burglary dropping from 71 incidents in 2018 to 36 in 2022, and larceny-theft going from 338 to 260 during the same period. However, vandalism rates are irregular, with incidents peaking in 2019 at 111 and remaining relatively high. Insurance agents and appraisers might take note of the persistent levels of theft and vandalism when assessing risks and property values. Investors and real estate developers should consider these crime trends when evaluating the area's appeal and safety.
Demographics
Sullivan County, located in New York, presents an intriguing demographic profile. The population trends show a slight gender imbalance with approximately 30,459 males compared to 28,236 females. Educational attainment reveals a solid section of high school graduates at 17,242 and notable higher education rates, including 9,021 holding bachelor's degrees and 6,406 with graduate or professional degrees. Age distribution highlights a significant proportion in the 55 to 64 age group, potentially... Read more
Race Distribution in Sullivan County, New York (2022)
Educational Attainment in Sullivan County, New York (2022)
Age Distribution in Sullivan County, New York
Citizen Population in Sullivan County, New York (2022)
Political Trends & Data
Sullivan County, New York, showed a slight Republican leaning in the 2020 U.S. Presidential Election, with an estimated 53% of the vote going to the party. Democrats trailed closely with approximately 44%, revealing a competitive political environment. Third-party influence remains minimal, with Libertarians and Greens each attracting less than 1% of the vote. This could suggest a strong two-party dynamic in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sullivan County, New York, demonstrated a slight Republican preference in the 2020 U.S. Presidential Election, with the party potentially garnering approximately 53% of the vote. Democrats seemed to follow closely behind at around 44%, indicating a relatively competitive political landscape. Minor parties like the Libertarians and Greens made negligible impacts, each possibly attracting less than 1% of votes, alongside a small percentage for other affiliations. These figures could suggest a predominantly two-party system in this area, with limited influence from third-party contenders.
53.13% of voters voted for the Republican party in the 2020 Presidential Election
44.09% of voters voted for the Democrat party in the 2020 Presidential Election
0.70% 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
1.73% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sullivan County, New York, has seen fluctuating student-to-teacher ratios, with a peak of nearly 16 students per teacher in 2017 dropping to as low as 9 in recent years. Compared to the national average of 14, these changes hint at district funding shifts or population movements. For investors and new residents, smaller class sizes suggest a more personalized educational environment, boosting property appeal and local desirability. Real estate agents, appraisers, and insurance agents should... Read more
Student-to-teacher ratio in Sullivan County, New York over the last 10 years
Sullivan County, New York, has experienced noteworthy fluctuations in its student-to-teacher ratio over the past decade. Ratios have varied from a peak of nearly 16 students per teacher in 2017 to as low as 9 students per teacher in recent years. This variation might suggest changes in district funding, population shifts, or policy adjustments impacting classroom sizes. Compared to the national average of 14 students per teacher, Sullivan County has had several years where class sizes were significantly smaller, especially from 2020 onward. For investors and new residents, this could indicate a potentially more personalized educational environment, potentially boosting property appeal and local desirability. Real estate agents, appraisers, and insurance agents should consider these trends when assessing area value.
