Yates County Real Estate and Livability Trends
Yates County, New York has seen a steady rise in average taxable income, climbing from around $46,040.88 in 2013 to $68,135.38 by 2021, which suggests a strengthening economic foundation and may be of interest to real estate developers and investors. The median home values have increased from $124,200 to $159,800 over the past eight years but still lag behind state and national averages,... Read more
Yates County Market Trends
Yates County, New York has exhibited a steady increase in median home values over the last eight years, climbing from $124,200 to $159,800, yet still trailing behind state and national averages. The fluctuating residential energy tax credits, peaking at $3,975.00 in 2018 before falling to $840.00 in 2021, may point to variable energy initiatives and economic conditions. Real estate taxes soared... Read more
Median Value of Occupied Housing Units in Yates County, New York Over the Last 8 Years
Yates County, New York has shown a consistent rise in median home values over the last eight years, increasing from $124,200 in 2015 to $159,800 in 2022. While this growth is significant, it's worth noting that these values still lag behind the state average, which escalated from $283,400 to $384,100 over the same period. Interestingly, Yates County started below the national median home value in 2015 and, despite substantial growth, still trails behind the national figure of $179,400 in 2022. For those looking to invest, move, or build property in Yates County, the relatively lower property values and steady appreciation might signify a balanced opportunity between affordability and investment growth.
Residential Energy Tax Credit Per Tax Return in Yates County, NY Over the Last 9 Years
Yates County, New York has seen significant fluctuation in residential energy tax credits per tax return over the past nine years. The average credit jumped from $458.82 in 2013 to a high of $3,975.00 in 2018 before declining to $840.00 by 2021. This volatility may suggest changes in energy efficiency initiatives, economic conditions, or available incentives, offering both potential opportunities and risks for property investors and stakeholders in the area.
Average Real Estate Taxes Per Tax Return in Yates County, NY Over the Last 10 Years
Over the past decade, Yates County, New York has seen a noticeable increase in average real estate taxes per tax return, jumping from $5366.23 in 2012 to a peak of $9000.00 in 2020 before a slight dip to $8210.53 in 2021. This trend suggests escalating property values or tax rates, which could impact investment and living costs. Potential property buyers, real estate agents, and appraisers may find these figures critical for evaluating market conditions and financial planning for the region.
Percentage of Farm Returns in Yates County, NY Over the Last 10 Years
Yates County, New York has seen a gradual increase in the percentage of farm tax returns over the past decade, moving from approximately 6.78% in 2012 to around 7.31% in 2021. Farm tax returns represent the submissions made by farms for taxation purposes, indicating both the prevalence and economic role of farming in the area. This trend could suggest a growing or stabilizing agricultural sector, which might be of interest to investors, potential residents, or developers considering the value of this rural community. Agricultural activity, as indicated by these tax returns, might influence the local economy, land use policies, and long-term sustainability plans.
Number of Mortgages by Occupancy Type in Yates County, NY Over the Last 5 Years in Yates County
Over the past five years in Yates County, New York, there has generally been a higher number of mortgages for principal residences compared to second residences and investment properties. The fluctuation in these figures can offer insights into the region’s housing market dynamic, reflecting potential shifts in demand and economic conditions. For investors and developers, the decreasing trend in mortgages for second residences might signify an untapped opportunity or a shift in buyer preferences. Appraisers and real estate agents could find the rise and fall in various occupancy types essential for accurate property valuation and market strategy, while insurance agents might gauge risk differently based on the changing landscape of property ownership. Understanding these patterns is crucial for making informed decisions whether planning to invest, develop, or simply navigate the local real estate market.
Economic Outlook
Yates County, New York, has experienced a steady increase in average taxable income per tax return, rising from around $46,040.88 in 2013 to $68,135.38 by 2021, suggesting a growing economic base. This upward trend could be appealing to investors, prospective residents, and real estate developers looking for promising opportunities. Meanwhile, fluctuating state and local income taxes, from $5,895.51 in 2012 to a peak of $16,423.33 in 2020, hint at significant economic shifts possibly linked to... Read more
Average Taxable Income per Tax Return in Yates County, NY over the last 9 years
Yates County, New York has seen a steady increase in average taxable income per tax return over the past nine years, starting at approximately $46,040.88 in 2013 and rising to $68,135.38 by 2021. This upward trend indicates a potentially growing economic base and increased earning potential, which could be attractive for investors, prospective residents, and real estate developers. Real estate agents might find these trends useful for understanding market dynamics, while appraisers and insurance agents could use this data for accurate assessments and risk evaluations.
Average State and Local Income Taxes Per Tax Return in Yates County, NY Over the Last 10 Years
Over the last decade, Yates County, New York has seen significant fluctuations in state and local income taxes per tax return, starting from $5,895.51 in 2012 and peaking dramatically at $16,423.33 in 2020. The substantial increase, especially evident post-2017, implies notable economic changes possibly linked to policy shifts or demographic trends. This has important implications for potential investors, new residents, real estate agents, and financial professionals, who might need to consider these tax variations when making informed decisions about their involvement in the area.
Average Total Tax Liability Per Tax Return in Yates County, NY Over the Last 10 Years
Over the past decade, Yates County, New York, has seen a notable increase in the average total tax liability per tax return, growing from around $6,232.39 in 2012 to approximately $10,179.21 by 2021. This upward trend suggests a steady rise in income levels or significant changes in tax policy impacting county residents. For investors, real estate agents, and insurance professionals, understanding these shifts is essential as they can influence market conditions, property values, and risk assessments. If you're considering moving to or building in this area, it may indicate a growing, potentially more affluent population.
Cost of Living in Yates County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,333 | $1,605 | $1,448 | $2,007 | $1,560 |
| 2 adults 3 children | $1,333 | $1,311 | $1,411 | $2,007 | $1,341 |
| 1 adult 4 children | $1,333 | $1,310 | $909 | $2,007 | $1,659 |
| 1 adult 3 children | $1,333 | $1,070 | $872 | $2,007 | $1,461 |
| 2 adults 2 children | $997 | $1,073 | $1,375 | $1,749 | $1,117 |
| 1 adult 2 children | $997 | $802 | $835 | $1,749 | $1,140 |
| 2 adults 1 child | $997 | $848 | $1,338 | $910 | $1,017 |
| 1 adult 1 child | $997 | $548 | $798 | $910 | $843 |
| 2 adults | $757 | $681 | $958 | $0 | $723 |
| 1 adult | $667 | $372 | $479 | $0 | $606 |
Safety trends & Data
Yates County, New York has seen varied property crime trends over the last five years, particularly in larceny-theft, which peaked at 35 incidents in 2019 and dropped to 8 by 2021. Vandalism showed a resurgence to 21 incidents in 2022 after a low of 9 in 2021. Burglary rates have been inconsistent, with a notable dip in 2020 and 2021 but a slight rise in 2022. These fluctuations could influence investor decisions, affect real estate values, and are critical for insurance agents to consider when... Read more
Property Crime Trends in Yates County, NY Over the Last 5 Years
Yates County, New York has displayed fluctuations in property crimes over the last five years with notable variations across different categories. Larceny-Theft consistently emerges as the most prevalent crime, peaking at 35 incidents in 2019 and dipping to 8 in 2021. Vandalism follows a similar pattern, with a high of 28 cases in 2019 and a low of 9 in 2021, and shows a resurgence to 21 by 2022. Burglary rates are quite sporadic, with a significant decline observed in 2020 and 2021, but a slight rebound in 2022. Notably, fraud cases also saw a considerable drop after 2018. Such trends could be pivotal for investors and real estate agents assessing the safety and appeal of Yates County, making it essential for insurance agents and appraisers to be aware of these fluctuations when gauging risk and property value.
Demographics
Yates County, New York, shows a balanced gender distribution with a slight tilt towards females. Educational attainment reveals that a majority have completed high school, but fewer hold college degrees, highlighting a potential area for educational development. Age-wise, there's a noticeable aging population which might impact healthcare needs and workforce dynamics. Racially, the county is predominantly White, with very small percentages identifying as other... Read more
Race Distribution in Yates County, New York (2022)
Educational Attainment in Yates County, New York (2022)
Age Distribution in Yates County, New York
Citizen Population in Yates County, New York (2022)
Political Trends & Data
In Yates County, New York, the 2020 U.S. Presidential Election results suggest a significant Republican Party presence, with 57.5% of the vote. The Democratic Party secured roughly 39.1%, reflecting a smaller yet considerable portion. Minor parties captured just over 3% collectively, indicating limited impact. This voting pattern likely mirrors regional political leanings or specific demographic traits within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Yates County, New York, voting patterns from the 2020 U.S. Presidential Election possibly indicate a strong leaning towards the Republican Party, which secured a notable 57.5% of the votes. The Democratic Party garnered around 39.1%, a significant but clearly smaller share. Minor parties, such as the Libertarian and Green, along with other candidates, collectively attracted just over 3% of the vote, suggesting a limited influence. This distribution may reflect broader regional political inclinations or demographic factors unique to the county.
57.55% of voters voted for the Republican party in the 2020 Presidential Election
39.11% of voters voted for the Democrat party in the 2020 Presidential Election
1.53% 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
1.45% of voters voted for the Other party in the 2020 Presidential Election
School Data
Yates County, New York has seen a decrease in its student-to-teacher ratio from twelve students per teacher in 2015 to eight students per teacher in 2023. This more personalized education experience, especially compared to the national average of fourteen students per teacher, might attract families prioritizing education. Real estate agents could use this as a selling point, and it may positively influence property valuations and insurance computations, reflecting the community's commitment to... Read more
Student-to-teacher ratio in Yates County, New York over the last 10 years
Over the past decade, Yates County, New York has seen its student-to-teacher ratio decrease from a high of twelve students per teacher in 2015 to just eight students per teacher in 2023. This trend indicates a more personalized education experience compared to the national average of fourteen students per teacher. For potential investors, lower ratios might imply better educational support infrastructure, which could attract families to the area. For real estate agents or those looking to build, this could signify a marketing point for properties appealing to families prioritizing education. Appraisers and insurance agents could also see this as a metric impacting property valuations and insurance computations, reflecting the community's investment in education quality.
