Tioga County Real Estate and Livability Trends
Tioga County, New York has experienced intriguing trends in multiple areas that could influence real estate market dynamics. The county's average taxable income grew from roughly $50,133.90 in 2013 to $67,282.48 in 2021, signaling potential economic growth. Property taxes have also escalated from $4,883.87 in 2012 to $7,193.24 in 2021, likely due to infrastructure investments or rising property... Read more
Tioga County Market Trends
Tioga County, New York's median home value has seen a solid rise from $119,800 in 2020 to $144,200 in 2022, staying well below the state average of $384,100, presenting it as an affordable option. Residential energy tax credits peaked in 2018 at $3,950.00, hinting at a growing focus on energy efficiency, possibly due to policy shifts or increased upgrades. Average real estate taxes rose from... Read more
Median Value of Occupied Housing Units in Tioga County, New York Over the Last 8 Years
Tioga County, New York's median home values have generally trended upward over the past eight years, suggesting a steady increase in house prices. In 2022, the median value of occupied housing units in Tioga County hit $144,200, reflecting a significant jump compared to $119,800 in 2020. Despite this upward trend, Tioga County remains substantially more affordable than the state average, where median home values reached $384,100 in 2022. Compared to the national median, which was $179,400 in 2022, Tioga County's housing market seems like a more budget-friendly option. This relative affordability might make Tioga County appealing for new homeowners, investors, or those seeking to move to a less expensive yet steadily appreciating area.
Residential Energy Tax Credit Per Tax Return in Tioga County, NY Over the Last 9 Years
Tioga County, New York, has seen a notable fluctuation in average residential energy tax credits per tax return over the past nine years, peaking dramatically in 2018 with an average of $3,950.00. This spike suggests possible increased investments in energy-efficient upgrades or local policy changes that may have incentivized such improvements. For potential investors, builders, and real estate agents, this trend could hint at a growing emphasis on sustainability and energy efficiency in the county, potentially impacting property values and market attractiveness. Appraisers and insurance agents might consider the implications of these energy upgrades when assessing property risks and values.
Average Real Estate Taxes Per Tax Return in Tioga County, NY Over the Last 10 Years
Over the past decade, Tioga County, New York has seen a consistent increase in average real estate taxes per tax return, starting at approximately $4,883.87 in 2012 and rising to around $7,193.24 in 2021. This upward trend could signal a robust investment in local infrastructure or increased property values, making it particularly relevant for potential investors, real estate agents, and current residents assessing the cost implications. Potential buyers and builders should consider these rising costs in their financial planning, while appraisers and insurance agents may need to adjust their evaluations and coverage options accordingly.
Percentage of Farm Returns in Tioga County, NY Over the Last 10 Years
Data over the last decade indicates that the percentage of farm tax returns in Tioga County, New York, has generally shown a slight downward trend, fluctuating between 1.72% in 2012 and dropping to around 1.48% in 2021. Farm tax returns refer to the tax filings associated with agricultural operations, and the shift in these percentages might suggest varying levels of agricultural activity or changes in the economic landscape impacting farming. For those interested in investing, relocating, or developing property in Tioga County, it's worthwhile to consider these subtle drops as potential indicators of broader trends in the local agrarian economy.
Number of Mortgages by Occupancy Type in Tioga County, NY Over the Last 5 Years in Tioga County
The number of mortgages in Tioga County, New York, indicates a significant dominance of principal residence loans over the past five years, peaking in 2021 with 1940 mortgages. Investment properties have shown a steady but modest increase, while second residences remain minimal, fluctuating between 5 to 30. These shifts in occupancy types suggest varying degrees of demand and investment appeal, potentially signaling market stability for family-oriented communities while offering modest opportunities for investors. Understanding these trends can inform decisions for investors looking at market growth, real estate agents scoping for client needs, and appraisers assessing property values in the county.
Economic Outlook
Tioga County, New York has witnessed a steady rise in average taxable income per tax return, climbing from around $50,133.90 in 2013 to about $67,282.48 in 2021, indicating potential economic growth that could attract investors and new residents. Despite substantial fluctuations, state and local income taxes peaked at $11,226.92 in 2019, reflecting possible changes in tax rates or income brackets, which is crucial for prospective property buyers and investors evaluating market stability.... Read more
Average Taxable Income per Tax Return in Tioga County, NY over the last 9 years
Over the past nine years, Tioga County, New York has shown a steady increase in the average taxable income per tax return, rising from approximately $50,133.90 in 2013 to around $67,282.48 in 2021. This upward trajectory could suggest economic growth, potentially making the county more attractive to investors, real estate agents, and new residents. Such trends may also serve as a useful benchmark for appraisers and insurance agents assessing property values and risk. The growth in income levels hints at a robust local economy, which might support continued development and stability.
Average State and Local Income Taxes Per Tax Return in Tioga County, NY Over the Last 10 Years
Over the last decade, Tioga County, New York, has seen significant fluctuations in average state and local income taxes per tax return. Notably, there was a steep rise from $7,051.27 in 2017 to a peak of $11,226.92 in 2019, suggesting a possible increase in tax rates or income brackets during that period. While there was a slight drop in 2020 to $8,857.14, the figure rebounded to $9,615.71 in 2021. These variations could impact decisions for prospective property buyers, investors evaluating market stability, and local service expectations relative to tax contributions.
Average Total Tax Liability Per Tax Return in Tioga County, NY Over the Last 10 Years
Over the last decade, Tioga County, New York has seen notable fluctuations in average total tax liability per tax return, peaking around $9,360.11 in 2021. Interestingly, a progressive increase is evident from 2016 onwards with only minor dips, potentially reflecting economic shifts or changes in tax policies. This trend could be crucial for investors and real estate agents, hinting at a growing tax burden which may influence property valuations and investment decisions. For appraisers and insurance agents, these figures might suggest changing financial dynamics in the region.
Cost of Living in Tioga County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,292 | $1,532 | $1,521 | $2,007 | $1,513 |
| 2 adults 3 children | $1,292 | $1,252 | $1,484 | $2,007 | $1,302 |
| 1 adult 4 children | $1,292 | $1,251 | $952 | $2,007 | $1,612 |
| 1 adult 3 children | $1,292 | $1,022 | $915 | $2,007 | $1,408 |
| 2 adults 2 children | $988 | $1,025 | $1,447 | $1,749 | $1,103 |
| 1 adult 2 children | $988 | $765 | $878 | $1,749 | $1,114 |
| 2 adults 1 child | $988 | $810 | $1,410 | $910 | $1,010 |
| 1 adult 1 child | $988 | $523 | $842 | $910 | $826 |
| 2 adults | $777 | $651 | $1,009 | $0 | $722 |
| 1 adult | $743 | $355 | $504 | $0 | $620 |
Safety trends & Data
In Tioga County, New York, property crime trends over the past four years offer intriguing insights for investors and real estate stakeholders. Notably, larceny-theft arrests have decreased from 77.00 in 2018 to 27.00 in 2022, suggesting possible improvements in security or socioeconomic conditions. Burglary incidents have also declined, down from 12.00 arrests in 2018 to 7.00 in 2022, which may point to an increasingly safer environment. On the flip side, vandalism incidents have shown... Read more
Property Crime Trends in Tioga County, NY Over the Last 4 Years
Over the past four years in Tioga County, New York, notable shifts in property crime patterns could pique the interest of investors, insurance agents, and real estate professionals. Larceny-theft arrests have generally declined from 77.00 in 2018 to 27.00 in 2022, potentially reflecting improved security measures or socioeconomic changes. Vandalism incidents, however, have seen a slight increase, with values fluctuating yet peaking at 43.00 in 2019. Burglary incidents also diminished over time, descending from 12.00 arrests in 2018 to 7.00 in 2022, possibly indicating a safer environment for residential and commercial properties. This nuanced understanding of crime trends can assist stakeholders in making informed decisions regarding property investments, risk assessments, and community safety initiatives.
Demographics
Tioga County, New York, shows a balanced gender ratio with nearly equal numbers of males and females. High school graduates form the largest group in terms of educational attainment, while those with graduate degrees are comparatively fewer. Middle-aged groups from 45 to 64 years are notably prevalent, suggesting a mature demographic. The racial composition is predominately White, with minor representation from other racial and ethnic groups. This diverse educational and age profile can... Read more
Race Distribution in Tioga County, New York (2022)
Educational Attainment in Tioga County, New York (2022)
Age Distribution in Tioga County, New York
Citizen Population in Tioga County, New York (2022)
Political Trends & Data
Tioga County in New York leaned significantly Republican in the 2020 presidential election, with nearly 59% of the vote compared to around 38% for Democrats. Minor parties like the Libertarian and Green parties collectively received just over 2% of the vote. This conservative tilt might hint at future political trends and policy decisions in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Tioga County in New York saw a noticeable Republican tilt with nearly 59% of the votes during the 2020 presidential election, while Democratic support was around 38%. Minor parties such as the Libertarian and Green parties collectively garnered just over 2% of the vote. This could suggest a strong conservative leaning in local political sentiment, potentially influencing future local policies and elections.
58.76% of voters voted for the Republican party in the 2020 Presidential Election
38.28% of voters voted for the Democrat party in the 2020 Presidential Election
1.65% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% of voters voted for the Green party in the 2020 Presidential Election
0.94% of voters voted for the Other party in the 2020 Presidential Election
School Data
Tioga County, New York has seen its student-to-teacher ratio drop as low as 11:1 in 2020 and 2021, before slightly climbing to just over 12:1 in 2023. Compared to the national average of 14:1, this nearby below-average ratio may enhance educational outcomes, drawing families who prioritize education. These stats could serve as a fruitful lever for real estate agents and investors aiming to market properties, as more individualized student attention is a key... Read more
Student-to-teacher ratio in Tioga County, New York over the last 10 years
Over the past ten years, Tioga County in New York has experienced fluctuations in its student-to-teacher ratio. Notably, the ratio dipped to as low as 11 students per teacher in 2020 and 2021 before slightly increasing to just over 12 in 2023. This trend indicates a generally favorable student-to-teacher ratio compared to the national average of 14 students per teacher. These changes might signal potential advantages for educational outcomes, making the area quite appealing for families prioritizing quality education. Lower ratios can sometimes lead to more individualized attention for students, which is an important selling point for real estate agents, appraisers, and those looking to invest in or build property within the county. Insurance agents might also find this data relevant as it could affect the perceived risk and desirability of residence in the area.
