Ulster County Real Estate and Livability Trends
In Ulster County, New York, the average taxable income per tax return surged from $56,471.89 in 2013 to $86,976.57 in 2021, and local property values rose correspondingly, with median home values jumping from $222,800 in 2015 to $288,400 in 2022. Rising state and local income taxes, increasing from $6,368.26 in 2012 to $19,366.20 in 2021, could influence these dynamics. The poverty rate spiked to... Read more
Ulster County Market Trends
The median home values in Ulster County, New York, have surged from $222,800 in 2015 to $288,400 in 2022, hinting at strong local market growth; still, it's more affordable than the state median of $384,100. Residential energy tax credits have fluctuated significantly, peaking at $3,760.00 in 2018 before settling at $1,652.28 in 2021, offering a compelling angle for marketing energy-efficient... Read more
Median Value of Occupied Housing Units in Ulster County, New York Over the Last 8 Years
The median home values in Ulster County, New York, have seen consistent growth over the past eight years, reaching $288,400 in 2022. This local trend aligns with national and state patterns, yet Ulster County’s increase from $222,800 in 2015 appears more pronounced compared to the broader U.S. hike from $125,500 to $179,400. While still below the state’s median home value of $384,100, the county’s market appears to be catching up rapidly, which could imply good investment potential for buyers seeking more affordable options within New York.
Residential Energy Tax Credit Per Tax Return in Ulster County, NY Over the Last 9 Years
Ulster County, NY has experienced significant fluctuations in the average residential energy tax credit per tax return over the past nine years. Starting at approximately $507.78 in 2013, there was a notable peak around 2018 at $3,760.00. Subsequent years saw a decline, settling around $1,652.28 in 2021. This volatility may interest potential investors and homeowners keen on maximizing tax benefits related to energy efficiency improvements. Real estate agents and appraisers can leverage this data to highlight the potential for substantial tax credits when marketing properties.
Average Real Estate Taxes Per Tax Return in Ulster County, NY Over the Last 10 Years
In Ulster County, New York, average real estate taxes per tax return have risen steadily over the past decade, starting at approximately $6,937.42 in 2012 and climbing to around $9,617.29 in 2021. This upward trend indicates potentially increasing property values and a possibly growing demand for quality housing, making it a notable point for investors, real estate agents, and insurance agents focusing on the area. Appraisers and those considering building property in Ulster County may also find value in these trends, suggesting a stable market that could provide consistent long-term benefits.
Percentage of Farm Returns in Ulster County, NY Over the Last 10 Years
In the last decade, Ulster County, New York, has seen slight fluctuations in the percentage of farm tax returns, generally hovering around the 0.38% to 0.42% mark. A farm tax return typically allows agricultural property owners to report income and expenses specific to farming, which can impact local economic assessments and property tax valuations. This data suggests marginal variation in farming activities, which could indicate either stability or minor changes in the agricultural sector, thus providing a useful metric for stakeholders evaluating the economic health and potential investment opportunities in the county's agriculture.
Number of Mortgages by Occupancy Type in Ulster County, NY Over the Last 5 Years in Ulster County
Ulster County, New York has seen fluctuations in mortgage counts over the last five years, with principal residences consistently leading in volume. Notably, 2021 marked a high point for principal residence mortgages at 8,122, before a sharp decline to 5,997 in 2022. Investment property and second residence mortgages also showcased a variable trend, peaking in certain years. Analyzing these shifts can offer valuable insights into market demands and economic conditions. For investors and real estate agents, changes in occupancy type could indicate emerging opportunities or risks. Appraisers and insurance agents may also need to adjust valuations and coverage based on these dynamics, and potential homeowners could anticipate market conditions that might affect their purchasing power or property value.
Economic Outlook
In Ulster County, New York, the average taxable income per tax return has surged from $56,471.89 in 2013 to $86,976.57 in 2021, hinting at economic growth and rising affluence. Concurrently, average state and local income taxes per return have escalated from $6,368.26 in 2012 to $19,366.20 by 2021, possibly reflecting higher incomes or tax policy adjustments. The total tax liability also climbed from $8,556.76 to $15,335.85 within the same period, potentially influencing property values and... Read more
Average Taxable Income per Tax Return in Ulster County, NY over the last 9 years
Over the last nine years, Ulster County, New York has experienced a notable increase in average taxable income per tax return, with values rising from $56,471.89 in 2013 to $86,976.57 in 2021. This upward trend suggests potential economic growth and rising affluence in the area, which may be appealing to investors, homebuyers, and real estate professionals. However, the significant growth in 2021 calls for deeper analysis, possibly indicating shifts in the local job market, housing demands, or population changes.
Average State and Local Income Taxes Per Tax Return in Ulster County, NY Over the Last 10 Years
Ulster County, New York has witnessed a steady rise in average state and local income taxes per tax return over the past decade. Starting from a value of $6,368.26 in 2012, the figure climbed to $19,366.20 by 2021. This upward trend underscores a significant increase, particularly evident from 2017 to 2021, where the tax amount nearly doubled, reflecting possibly higher incomes or adjustments in tax policies. For those considering investing, moving to, or insuring property in Ulster County, this information could indicate economic growth or changes in fiscal policy impacting disposable incomes.
Average Total Tax Liability Per Tax Return in Ulster County, NY Over the Last 10 Years
The average total tax liability per tax return in Ulster County, New York, has demonstrated a significant upward trend over the past decade, jumping from approximately $8,556.76 in 2012 to about $15,335.85 in 2021. This increase suggests rising incomes and potentially escalating property values, making it a compelling consideration for real estate investors and developers. Additionally, such trends could influence appraisals and insurance calculations, as higher liabilities often reflect greater property and income levels. For those moving to or currently residing in the area, this data might indicate economic growth and shifts in the local financial landscape. Real estate agents can leverage this insight to cater to an evolving market of fiscally robust clientele.
Cost of Living in Ulster County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,961 | $1,568 | $1,623 | $2,764 | $2,279 |
| 2 adults 3 children | $1,961 | $1,281 | $1,586 | $2,764 | $2,074 |
| 1 adult 4 children | $1,961 | $1,281 | $1,013 | $2,764 | $2,365 |
| 1 adult 3 children | $1,961 | $1,046 | $976 | $2,764 | $2,182 |
| 2 adults 2 children | $1,498 | $1,049 | $1,550 | $2,409 | $1,661 |
| 1 adult 2 children | $1,498 | $783 | $940 | $2,409 | $1,705 |
| 2 adults 1 child | $1,498 | $829 | $1,513 | $1,255 | $1,303 |
| 1 adult 1 child | $1,498 | $535 | $903 | $1,255 | $1,263 |
| 2 adults | $1,155 | $666 | $1,081 | $0 | $882 |
| 1 adult | $1,089 | $363 | $540 | $0 | $735 |
Safety trends & Data
In Ulster County, New York, property crime rates have fluctuated, with larceny-theft peaking at 478 reports in 2018 but dropping to 291 by 2022. Burglary saw a significant spike to 266 incidents in 2022 after a low in 2021, while vandalism decreased from 294 cases in 2018 to 151 in 2022. These trends could affect property values, insurance rates, and investment decisions, signaling periods of increased activity that may require closer examination for those looking to make economic or... Read more
Property Crime Trends in Ulster County, NY Over the Last 5 Years
Ulster County, New York has experienced fluctuating property crime rates over the past five years. Larceny-theft consistently remained the most prevalent crime, peaking in 2018 with 478 reports but decreasing to 291 by 2022. Burglary saw significant changes, notably spiking to 266 incidents in 2022 after a low in 2021. Vandalism and fraud have varied as well, with vandalism dropping from 294 cases in 2018 to 151 in 2022. These trends could influence property values, insurance rates, and investment decisions, indicating periods of heightened activity that may warrant additional scrutiny for those considering economic or residential commitments in the area.
Demographics
Ulster County, New York, reveals a fairly balanced gender distribution, with females slightly outnumbering males. Educational attainment appears varied, with a significant portion of the population holding at least a high school diploma, while smaller fractions pursue higher education degrees. Age distribution hints at a mature populace, heavily concentrated in the 45 to 64 years segment, underscoring potential healthcare and retirement needs. Racially, the county is predominantly White, yet... Read more
Race Distribution in Ulster County, New York (2022)
Educational Attainment in Ulster County, New York (2022)
Age Distribution in Ulster County, New York
Citizen Population in Ulster County, New York (2022)
Political Trends & Data
Ulster County in New York may show a strong Democratic preference, with about 59% of the vote in the 2020 Presidential Election potentially going to Democrats and around 38% to Republicans. Minor parties, such as the Libertarians and Greens, seem to have garnered less than 1% each, indicating limited influence. This Democratic leaning could inform future electoral strategies and predictions, reflecting the political climate and potential policy impacts on real estate trends in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ulster County in New York saw Democrats potentially leading with about 59% of the vote in the 2020 U.S. Presidential Election, possibly outpacing the Republican share which hovered around 38%. Minor parties like the Libertarians and Greens seem to have garnered less than 1% each, while other parties collectively may have captured just over 1%. This distribution suggests a notable leaning towards Democratic preferences in this area, which could be significant for future electoral strategies and predictions.
38.29% of voters voted for the Republican party in the 2020 Presidential Election
59.06% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.63% of voters voted for the Green party in the 2020 Presidential Election
1.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ulster County, New York has experienced a significant drop in its student-to-teacher ratio over the last decade, decreasing from roughly 13 students per teacher in 2014 to just under 10 in 2023. This positions the county favorably compared to the national average of 14 students per teacher. For investors, real estate agents, and families, a lower student-to-teacher ratio often means a more personalized education experience, making the area more appealing. This trend could also be a positive... Read more
Student-to-teacher ratio in Ulster County, New York over the last 10 years
Over the last decade, Ulster County, New York has seen a notable decrease in its student-to-teacher ratio, dropping from roughly 13 students per teacher in 2014 to just under ten in 2023. This trend positions Ulster County favorably compared to the national average of 14 students per teacher. For investors, real estate agents, and those looking to move, a lower student-to-teacher ratio often correlates with a more personalized education experience, potentially increasing the area's attractiveness for families. Additionally, appraisers and insurance agents might see this as a positive indicator of community focus on education, which could impact property values and insurance assessments.
