Wayne County Real Estate and Livability Trends
Wayne County, New York's real estate landscape is experiencing some intriguing shifts. The average taxable income per tax return has seen a notable rise, climbing from $49,168.54 in 2013 to $64,875.10 in 2021, highlighting growing affluence that could attract more investors and residents. Median home values have also surged from $112,900 in 2015 to $151,900 in 2022, making it an appealing,... Read more
Wayne County Market Trends
Wayne County, New York, has experienced a substantial growth in median home values from $112,900 in 2015 to $151,900 in 2022, positioning it as a more affordable option within the state despite the broader New York median of $384,100. Fluctuations in residential energy tax credits, such as the 2018 spike to $3,320.00, suggest variable investment in energy-efficiency measures influenced by state... Read more
Median Value of Occupied Housing Units in Wayne County, New York Over the Last 8 Years
Wayne County, New York, has seen significant growth in median home values over the past eight years, with figures jumping from $112,900 in 2015 to $151,900 in 2022. In comparison, the state's median home values are substantially higher, reaching $384,100 in 2022, while the national median edged up to $179,400 in the same period. For those considering investment or relocation, Wayne County offers a more affordable entry point in New York, yet still illustrates a robust appreciation in property values.
Residential Energy Tax Credit Per Tax Return in Wayne County, NY Over the Last 9 Years
Wayne County, New York has seen fluctuating residential energy tax credits over the past nine years, with significant spikes like the one in 2018, where the average credit surged to $3,320.00. Although there's no clear pattern, the average value per tax return generally trends upward, peaking again at $725.24 in 2021. This volatility may suggest varied investment in energy-efficient home improvements, making it an intriguing area for investors, real estate agents, and property developers. It's a landscape that's likely influenced by statewide energy policies and incentives, which could continue to evolve.
Average Real Estate Taxes Per Tax Return in Wayne County, NY Over the Last 10 Years
Over the past decade, Wayne County, New York has seen a consistent increase in average real estate taxes per tax return, rising from approximately $5,047.41 in 2012 to about $7,143.11 in 2021. This trend may reflect rising property values or increasing tax rates, which could influence decisions for potential investors, homebuyers, and real estate agents. Understanding these dynamics is crucial for those considering market viability and long-term financial implications of owning property in the county.
Percentage of Farm Returns in Wayne County, NY Over the Last 10 Years
In Wayne County, New York, the percentage of farm tax returns has shown a mildly fluctuating but generally decreasing trend over the last decade, dropping from approximately 1.79% in 2012 to around 1.51% in 2021. This slight decline might hint at shifting economic factors or changes in farming practices. Farm tax returns typically involve filings where primary income is derived from agricultural activities, which may be an important indicator of the local agricultural economy's health. These shifts may influence decisions for those considering investing in agricultural ventures, moving to rural areas, or developing new properties in this region.
Number of Mortgages by Occupancy Type in Wayne County, NY Over the Last 5 Years in Wayne County
The trends in Wayne County, New York, indicate varying shifts in priority among different types of residential properties over the past five years. Principal residences have consistently dominated mortgage counts, peaking in 2021. However, there's notable fluctuation in investment properties with a decrease in numbers from 2021 to 2022. The market for second residences seems to follow a similar yet subtle trend, peaking in 2020. Changes in occupancy trends can be significant for stakeholders; investors might see opportunity in increasing vacancies or need for rental properties, while insurers and appraisers must adjust their valuations based on the primary use of properties. Builders and real estate agents can tailor their strategies to meet the prevalent demand, making a direct impact on future developments and sales tactics.
Economic Outlook
Wayne County, New York's real estate market could be in for some interesting times given recent financial trends. From 2013 to 2021, the average taxable income per tax return jumped from $49,168.54 to $64,875.10, suggesting a growing affluence that might draw both investors and new residents. Concurrently, state and local income taxes increased sharply from $5,087.85 in 2012 to $8,876.03 by 2021, indicating possible shifts in economic policy or local spending. The total tax liability per tax... Read more
Average Taxable Income per Tax Return in Wayne County, NY over the last 9 years
Over the past nine years, the average taxable income per tax return in Wayne County, New York has shown a steady increase, rising from $49,168.54 in 2013 to $64,875.10 in 2021. This uptick suggests a growing prosperity that might attract potential investors and residents. Notably, any significant spikes, such as the jump between 2020 and 2021, could influence property values and insurance rates while indicating economic growth that could benefit real estate agents and appraisers.
Average State and Local Income Taxes Per Tax Return in Wayne County, NY Over the Last 10 Years
Wayne County, New York has experienced a notable rise in state and local income taxes per tax return over the past decade. The figures have gradually increased from around $5,087.85 in 2012 to a significant $8,876.03 by 2021. This upward trend, especially the sharp rise post-2017, could indicate shifting economic policies or increased local expenditures, which may be relevant for potential investors, property builders, and insurance agents seeking insight into the local fiscal environment.
Average Total Tax Liability Per Tax Return in Wayne County, NY Over the Last 10 Years
Wayne County, New York has experienced a notable upward trend in average total tax liability per tax return over the past decade, increasing from approximately $6,401.87 in 2012 to roughly $8,587.80 in 2021. This steady rise, with slight fluctuations, may indicate a variety of economic factors at play, such as increases in property values, regional investments, or changes in income levels. For those considering investments or relocations, it's a signal of evolving financial dynamics within the county. Additionally, it could offer valuable insights for real estate appraisers and insurance agents assessing risk and property valuation.
Cost of Living in Wayne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,208 | $1,448 | $1,448 | $2,181 | $1,473 |
| 2 adults 3 children | $1,208 | $1,183 | $1,411 | $2,181 | $1,272 |
| 1 adult 4 children | $1,208 | $1,182 | $909 | $2,181 | $1,592 |
| 1 adult 3 children | $1,208 | $966 | $872 | $2,181 | $1,397 |
| 2 adults 2 children | $993 | $968 | $1,375 | $1,900 | $1,119 |
| 1 adult 2 children | $993 | $723 | $835 | $1,900 | $1,157 |
| 2 adults 1 child | $993 | $765 | $1,338 | $988 | $1,007 |
| 1 adult 1 child | $993 | $494 | $798 | $988 | $865 |
| 2 adults | $795 | $615 | $958 | $0 | $728 |
| 1 adult | $702 | $335 | $479 | $0 | $601 |
Safety trends & Data
Wayne County, New York, has shown variable property crime rates over the last four years, with larceny-theft consistently leading, peaking at 227 incidents in 2022. Burglary incidents have been on the rise, especially in 2019 and 2022 with up to 24 incidents. Vandalism has decreased significantly from 95 incidents in 2018 to 50 in 2022. Fraud and arson have remained notably low, indicating they may be lesser concerns for assessing area risk. These trends could provide valuable insights for... Read more
Property Crime Trends in Wayne County, NY Over the Last 4 Years
Wayne County, New York, has seen fluctuating property crime rates over the last four years. Larceny-theft consistently had the highest numbers, peaking at 227 incidents in 2022. Burglary has been gradually increasing, with notable spikes in 2019 and 2022, reaching 22 and 24 incidents, respectively. Meanwhile, incidents of vandalism have dipped from 95 in 2018 to 50 in 2022. Interestingly, fraud and arson have remained relatively low throughout the period, suggesting these are less prevalent concerns. These trends could be key for investors, real estate agents, and insurance agents assessing risk and property value assessments in the area.
Demographics
Wayne County, New York, exhibits a relatively balanced gender distribution with a slight edge towards females. Educational attainment levels indicate that a significant portion of the population has at least completed high school, with a notable number holding an associate or bachelor's degree. Age distribution trends highlight a substantial number of residents in the 55 to 64-year age bracket compared to younger cohorts, suggesting an aging population. Racial demographics are predominantly... Read more
Race Distribution in Wayne County, New York (2022)
Educational Attainment in Wayne County, New York (2022)
Age Distribution in Wayne County, New York
Citizen Population in Wayne County, New York (2022)
Political Trends & Data
Wayne County, New York, exhibited a marked preference for the Republican candidate in the 2020 U.S. Presidential Election with a likely margin close to 20 percentage points over the Democrat candidate. Meanwhile, smaller parties like the Libertarians and Greens, although only capturing a combined total of under 2% of the vote, might suggest an emerging, albeit minor, interest in alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wayne County, New York, saw a significant preference for the Republican candidate in the 2020 U.S. Presidential Election, with a probable margin of nearly 20 percentage points over the Democrat candidate. While smaller parties like the Libertarian and Green parties garnered less than 2% of the vote collectively, their presence may indicate a slight but notable inclination towards alternative political options among a minority of voters.
58.19% of voters voted for the Republican party in the 2020 Presidential Election
38.76% of voters voted for the Democrat party in the 2020 Presidential Election
1.46% of voters voted for the Livertarian party in the 2020 Presidential Election
0.41% of voters voted for the Green party in the 2020 Presidential Election
1.18% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wayne County, New York has seen its student-to-teacher ratio drop from around 13.76 in 2019 to about 9.81 in 2023, significantly lower than the national average of 14 students per teacher. This could suggest more personalized education and smaller class sizes, making the area potentially attractive to relocating families. Real estate agents and investors might view this as a sign of a desirable education system, which could boost property values. Insurance agents and appraisers may find this... Read more
Student-to-teacher ratio in Wayne County, New York over the last 10 years
Wayne County, New York has experienced significant fluctuations in the student-to-teacher ratio over the past decade, with a notable decrease from a peak of approximately 13.76 in 2019 to around 9.81 in 2023. This lower ratio compared to the national average of 14 students per teacher could indicate more personalized attention and smaller class sizes, which may appeal to families considering relocation. For real estate agents and investors, these trends might reflect an attractive education system, potentially increasing property values. Insurance agents and appraisers might also find this data relevant as it can influence risk assessments and property evaluations due to perceived community quality.
