Washington County Real Estate and Livability Trends
In Washington County, New York, the median home value has increased from $142,700 in 2015 to $176,900 in 2022, suggesting growth potential. Rising taxable incomes and state/local taxes alongside a notable increase in real estate taxes hint at higher property values and evolving financial landscapes. Despite fluctuations, the percentage of farm tax returns has slightly dipped, indicating potential... Read more
Washington County Market Trends
Washington County, New York's median home values have climbed steadily from $142,700 in 2015 to $176,900 in 2022, suggesting notable growth potential while staying below state and national medians. Average residential energy tax credits have fluctuated, peaking notably in 2018 at $3,363.64, but stabilizing around $1,000 in recent years—signaling evolving incentives and interest in... Read more
Median Value of Occupied Housing Units in Washington County, New York Over the Last 8 Years
Washington County, New York's housing market has seen consistent growth over the past eight years, with median home values increasing from $142,700 in 2015 to $176,900 in 2022. While this represents a steady and significant trend for the county, it is still below the state median, which surged from $283,400 to $384,100 during the same period. On a national scale, Washington County's median values have generally mirrored the upward trajectory, albeit at a lesser pace compared to the U.S. median that jumped from $125,500 in 2015 to $179,400 in 2022. This data can be particularly useful for prospective buyers or investors considering the affordability and growth potential of Washington County relative to more expensive markets in New York State and the broader national market.
Residential Energy Tax Credit Per Tax Return in Washington County, NY Over the Last 9 Years
Over the past nine years in Washington County, New York, the average residential energy tax credit claimed per tax return has shown significant fluctuation. After an initial increase from $326.97 in 2013 to $1374.29 in 2017, there was a substantial peak in 2018, reaching $3363.64. This peak suggests that 2018 may have seen significant incentives or improvements in energy-efficient home upgrades. However, subsequent years have seen a stabilization around the $1000 mark, with 2021 at $1044.00. Investors, real estate agents, and property developers might find these trends useful for predicting future incentives and gauging community interest in sustainable energy solutions.
Average Real Estate Taxes Per Tax Return in Washington County, NY Over the Last 10 Years
Real estate taxes in Washington County, New York have shown a notable upward trend over the past decade, nearly a $2,100 increase from $4,698.17 in 2012 to $6,796.91 in 2021. This upward trajectory may indicate rising property values or increased fiscal demands. Such a pattern could be relevant for potential investors or residents assessing long-term tax liabilities, real estate agents advising clients, and appraisers analyzing market dynamics. This is vital for insurance agents who must factor in tax rates when evaluating property insurance costs, and for developers gauging the financial landscape for new projects.
Percentage of Farm Returns in Washington County, NY Over the Last 10 Years
Washington County, New York, has experienced minor fluctuations in the percentage of farm tax returns over the past decade, starting at 2.23% in 2012 and slightly dipping to 2.06% by 2021. Farm tax returns are a key indicator of agricultural activity and economic health within rural areas like Washington County. This trend might imply shifts in the agricultural sector's stability or profitability over the years. For investors, this could signal the need for thorough due diligence into the agricultural market's viability before committing resources. Potential residents or property developers might find this data vital when considering the long-term prospects for agribusiness or rural real estate development in the area.
Number of Mortgages by Occupancy Type in Washington County, NY Over the Last 5 Years in Washington County
In Washington County, New York, the number of mortgages for principal residences has dominated over the last five years, with counts significantly higher than investment properties or second residences. Principal residence mortgages peaked in 2021 with 2,552 and dipped slightly to 2,027 in 2022. Investment property mortgages, while much lower, showed a slight increase from 49 in 2019 to 85 in 2021 before declining again. Second residences have remained relatively stable, fluctuating modestly between 93 and 153 over the period. Shifting occupancy types indicate evolving market demands that investors, developers, and real estate professionals should lean into when making decisions, as they directly affect property values, market stability, and risk assessments for appraisers and insurance agents alike.
Economic Outlook
In Washington County, New York, the average taxable income per tax return has seen a steady rise from $45,297.11 in 2013 to $60,916.27 in 2021, signaling potential economic growth that could attract new investments and real estate ventures. Concurrently, average state and local income taxes per tax return have increased significantly, from $4,794.01 in 2012 to $8,344.83 by 2021, hinting at changing financial landscapes and possibly higher living costs. Total tax liability per tax return also... Read more
Average Taxable Income per Tax Return in Washington County, NY over the last 9 years
In Washington County, New York, the average taxable income per tax return has steadily increased over the last nine years, rising from $45,297.11 in 2013 to $60,916.27 in 2021. This upward trend suggests a gradually improving economic environment, potentially making the area more attractive for new investments and real estate opportunities. For appraisers and insurance agents, the growing income levels might indicate evolving property values and insurance needs. Meanwhile, those considering moving to or building in Washington County could view this as a sign of economic vitality and stability.
Average State and Local Income Taxes Per Tax Return in Washington County, NY Over the Last 10 Years
Over the past decade, Washington County, New York has seen a notable rise in average state and local income taxes per tax return, going from around $4,794.01 in 2012 to approximately $8,344.83 by 2021. This steady increase, particularly the sharp jumps in 2018 and 2020, might suggest growing fiscal demands or improved economic activity within the county. For prospective investors and real estate agents, these trends could indicate changing financial landscapes and potentially higher costs of living or doing business. Appraisers and insurance agents might see these figures as reflective of broader economic health, influencing property values and risk assessments.
Average Total Tax Liability Per Tax Return in Washington County, NY Over the Last 10 Years
Over the last decade, Washington County, New York has seen a notable increase in average total tax liability per tax return, with figures rising from around $5,687.21 in 2012 to approximately $7,868.71 in 2021. This steady upward trend may indicate rising incomes or changes in tax policies, making the area potentially attractive for investors and appraisers assessing market dynamics. For potential homeowners, understanding these tax liability trends is crucial for financial planning, especially as higher liabilities might influence housing affordability and property taxes.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,385 | $1,597 | $1,453 | $2,007 | $1,580 |
| 2 adults 3 children | $1,385 | $1,304 | $1,417 | $2,007 | $1,360 |
| 1 adult 4 children | $1,385 | $1,304 | $912 | $2,007 | $1,679 |
| 1 adult 3 children | $1,385 | $1,065 | $875 | $2,007 | $1,481 |
| 2 adults 2 children | $1,068 | $1,068 | $1,380 | $1,749 | $1,143 |
| 1 adult 2 children | $1,068 | $798 | $838 | $1,749 | $1,169 |
| 2 adults 1 child | $1,068 | $844 | $1,343 | $910 | $1,036 |
| 1 adult 1 child | $1,068 | $545 | $801 | $910 | $867 |
| 2 adults | $855 | $678 | $962 | $0 | $750 |
| 1 adult | $754 | $370 | $481 | $0 | $626 |
Safety trends & Data
Washington County, New York, has seen fluctuating property crime trends, especially in vandalism and larceny-theft. Vandalism spiked dramatically to 75 cases in 2022 from just 1 in 2021, while larceny-theft peaked at 81 incidents in 2018 before dropping to a low of 32 in 2020. Fraud saw a notable decrease after reaching 33 cases in 2018, stabilizing at 4 cases by 2022. Motor vehicle theft incidents remained relatively low and stable. These trends might influence property safety considerations... Read more
Property Crime Trends in Washington County, NY Over the Last 5 Years
Washington County, New York, has seen some fluctuating trends in property crimes over the past five years. Vandalism and larceny-theft emerged as consistent issues, with vandalism peaking at 75 cases in 2022, compared to a low of 1 case in 2021. Larceny-theft also showed variability, with the highest number of incidents at 81 in 2018 and dropping to a low of 32 in 2020. Fraud declined significantly after spiking at 33 cases in 2018, stabilizing at 4 cases by 2022. Motor vehicle theft incidents remained relatively low and stable throughout the period. These trends are likely important for potential homeowners or real estate investors considering property safety and insurance risks in the area.
Demographics
In Washington County, New York, the adult population shows a nearly even split between males and females. Educationally, the majority has at least a high school diploma, but the number with advanced degrees is significantly lower. The age distribution leans towards an older demographic, with a notable proportion of residents aged 55 to 64, yet there are still considerable numbers across younger age groups. Racially, the population is predominantly White, with small percentages representing... Read more
Race Distribution in Washington County, New York (2022)
Educational Attainment in Washington County, New York (2022)
Age Distribution in Washington County, New York
Citizen Population in Washington County, New York (2022)
Political Trends & Data
Washington County, New York, demonstrated a noticeable conservative tilt in the 2020 U.S. Presidential Election, with around 56% of votes going to the Republican candidate. Democrats garnered approximately 41%, indicating a strong but not dominant support base. Minor parties pulled in minimal support, suggesting limited influence from alternative political perspectives. This political landscape could potentially impact local real estate trends, as areas with conservative preferences might... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Washington County, New York, the vote distribution in the 2020 U.S. Presidential Election showed a leaning towards the Republican party, with approximately 56% of the votes. Democrats secured around 41%, while minor parties like the Libertarians and Greens garnered just over 1% and less than half a percent, respectively. This pattern suggests a significant, though perhaps not overwhelming, conservative preference in the county's electorate.
56.42% of voters voted for the Republican party in the 2020 Presidential Election
40.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.20% of voters voted for the Livertarian party in the 2020 Presidential Election
0.45% of voters voted for the Green party in the 2020 Presidential Election
1.00% of voters voted for the Other party in the 2020 Presidential Election
School Data
Washington County, New York, has seen its student-to-teacher ratio drop drastically from around 13 in 2017 to below 10 in recent years, falling well beneath the national average of 14. This trend could influence local school appeal for families and shift demand toward family-oriented housing, tempting real estate investors and developers. For insurers, these changes might indicate a strong community investment in education... Read more
Student-to-teacher ratio in Washington County, New York over the last 10 years
Washington County, New York, has seen a fluctuating student-to-teacher ratio over the past decade. The ratio started at around 12 in 2014, peaked at nearly 13 by 2017, and has significantly dropped to under 10 in recent years. Notably, the current ratio is well below the national average of 14 students per teacher. These changes may have implications for class sizes, individual attention opportunities for students, and possibly influence the appeal of local schools for families considering moving to the area. For investors, developers, and real estate agents, these shifts might signal changing demand for family-oriented housing or influence appraisals. Insurance agents could view this as a factor when considering community investment in education quality.
