Ohio Real Estate and Livability Trends
Ohio's average taxable income per tax return rose from $54,502.48 in 2013 to $76,985.49 in 2021, with spikes in 2018 and 2021. The median home value increased from $129,900 in 2015 to $183,300 in 2022, outpacing national trends and hinting at solid appreciation potential. Average state and local income taxes have doubled over the past decade, affecting property investment decisions. Meanwhile,... Read more
Ohio Market Trends
In Ohio, the median home value has risen from $129,900 in 2015 to $183,300 in 2022, outpacing national trends and suggesting promising appreciation potential for investors. Residential Energy Tax Credit claims peaked at over $2,400 per return in 2018, signaling periods of significant energy efficiency investments, with recent values stabilizing around $800. Average real estate taxes have also... Read more
Median Value of Occupied Housing Units in Ohio Over the Last 8 Years
In Ohio, the median value of occupied housing units has shown a consistent upward trend over the past eight years, increasing from $129,900 in 2015 to $183,300 in 2022. When comparing this to the national median, Ohio's home values are generally lower but have experienced a slightly sharper rate of increase. This could mean better appreciation potential for homeowners and investors in Ohio while still capitalizing on more affordable entry points in the housing market.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Ohio over the last 10 years
Active Loans 30-60 Days Past Due in Ohio over the last 10 years in Ohio
Perent of loans that are Active Loans 90-180 Days Past Due in Ohio over the last 10 years in Ohio
Residential Energy Tax Credit Per Tax Return in Ohio Over the Last 9 Years
Residential Energy Tax Credit claims in Ohio have experienced substantial fluctuations over the last nine years, with an overall upward trend. Notably, the average credit per return peaked sharply at over $2,400 in 2018, likely reflecting significant energy efficiency investments during that period. More recently, values have stabilized around $800, pointing to steady, albeit lower, investments in residential energy improvements. These trends could be of particular interest to potential investors, property developers, and real estate professionals assessing the market’s commitment to energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Ohio Over the Last 10 Years
Average real estate taxes per tax return in Ohio have shown a notable upward trend over the past decade. In 2012, the average tax amount was around $3,690.52 and increased steadily each year, reaching approximately $6,930.42 by 2021. This upward trajectory indicates a potential rise in property values and could impact decisions for those considering buying, selling, or building in the state. Higher taxes may reflect increased public services or infrastructural improvements, but it's crucial for investors and residents to consider these financial factors when evaluating property investments or relocations.
Percentage of Farm Returns in Ohio Over the Last 10 Years
Over the last decade, Ohio has seen a slight but consistent downward trend in the percentage of farm tax returns. Starting at approximately 13.01% in 2012, the percentage has gradually decreased to about 11.42% by 2021, indicating a small but notable decline in farm-related tax filings. Farm tax returns, representing the financial filings of agricultural operations, give insight into the economic health and activity levels within the farming sector. For investors, builders, or those considering relocation, this trend might suggest shifting dynamics in rural and agricultural areas, potentially influencing property values, business opportunities, and community composition.
Economic Outlook
Ohio has experienced a steady rise in average taxable income per tax return from about $54,502.48 in 2013 to approximately $76,985.49 in 2021, with notable spikes in 2018 and 2021. This income growth may intrigue investors and real estate agents due to its potential impact on the local economy and property values. Concurrently, average state and local income taxes have roughly doubled over the past decade, increasing from $6,758.33 in 2012 to $14,283.11 by 2021, implying a higher tax burden... Read more
Average Taxable Income per Tax Return in Ohio over the last 9 years
Over the past nine years, Ohio has seen a generally upward trend in average taxable income per tax return, starting from about $54,502.48 in 2013 and rising to approximately $76,985.49 by 2021. Notable jumps occurred in 2018 and 2021, which could stimulate interest among investors, real estate agents, and others due to the implications this income growth might have on the local economy and property market. For those in appraisal and insurance industries, this trend suggests potentially higher property values and premiums, aligning with the increasing earning potential of residents.
Average State and Local Income Taxes Per Tax Return in Ohio Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Ohio have generally trended upward, with a notable jump after 2017. Starting from $6,758.33 in 2012, the taxes saw a relatively modest rise until 2017, when they began to increase significantly, peaking at $14,283.11 in 2021. For investors and those planning to move, this reflects a potentially increasing tax burden, which might affect cost of living and property investments. Real estate agents and insurance agents may find this information critical for advising clients on long-term financial implications of living and investing in Ohio.
Average Total Tax Liability Per Tax Return in Ohio Over the Last 10 Years
Over the past decade, Ohio has seen a notable increase in the average total tax liability per tax return, climbing from approximately $9,072.64 in 2012 to about $13,063.69 in 2021. This upward trend offers potential insights into the state's economic conditions and might be reflective of rising incomes, cost of living adjustments, or increased fiscal policies. For those considering investments or relocations, this trend may suggest a thriving economic environment that can support growth and stability. However, the increasing tax liability could also impact affordability and cost-of-living considerations for residents and real estate investors alike.
Cost of Living in Ohio
Safety trends & Data
Ohio's property crime trends over the past five years reveal intriguing shifts for investors, residents, and real estate professionals. Fraud, though still the most common property crime, has dropped from 29,317 cases in 2018 to 17,343 cases in 2022. Larceny-theft and vandalism have also declined, possibly due to better preventive measures or changing crime patterns. However, arson incidents have risen to 1,278 cases in 2022, signaling potential new risks. Burglary rates remain low and have... Read more
Property Crime Trends in Ohio Over the Last 5 Years
Ohio's property crime landscape over the past five years exhibits notable trends that could inform potential investors, residents, and real estate professionals. While fraud remains the most prevalent property crime, its rate has decreased from a peak of 29,317 cases in 2018 to 17,343 cases in 2022. Larceny-theft and vandalism also saw declines, suggesting enhanced preventive measures or shifting criminal patterns. Conversely, arson incidents have gradually increased, reaching 1,278 cases in 2022, which could indicate emerging risks for property owners and insurers. Burglary rates, consistently low, have further decreased, making it relatively less of a concern for community safety and real estate value impact. Embezzlement, though more sporadic, shows a downward trajectory, aligning with broader security improvements in financial sectors.
Demographics
Ohio's demographic trends in 2022 reveal a fairly balanced gender distribution among adults, with females modestly outnumbering males. Educational attainment varies significantly across the state, with the most common level being high school graduates, followed by individuals with some college education but no degree, and a noteworthy portion holding bachelor’s degrees. The age distribution shows a sizable number of residents in the 25 to 34 age bracket, with an evident drop in the younger... Read more
Race Distribution in Ohio (2022)
Educational Attainment in Ohio (2022)
Age Distribution in Ohio
Citizen Population in Ohio (2022)
Political Trends & Data
Ohio leaned Republican in the 2020 U.S. Presidential Election, with the GOP securing around 53% of the vote, compared to the Democrats at 45%. Libertarians grabbed just over 1%, and other parties had minimal impact. This indicates Ohio's ongoing role as a battleground state, which could shape campaign strategies in upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ohio showed a trend of leaning Republican in the 2020 U.S. Presidential Election, with the GOP garnering roughly 53% of the vote compared to the Democrats' 45%. Libertarians captured just over 1% of the vote, while other parties collectively held a minimal share. This distribution may indicate Ohio's continuing status as a key battleground or swing state, potentially influencing campaign strategies in future elections.
53.27% of voters voted for the Republican party in the 2020 Presidential Election
45.24% of voters voted for the Democrat party in the 2020 Presidential Election
1.14% of voters voted for the Libertarian party in the 2020 Presidential Election
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Ohio's student-to-teacher ratio has varied widely, sometimes reaching nearly 18 students per teacher compared to the national average of 14. This trend might signal challenges in educational quality and classroom management. Families and investors may find this data useful when assessing community desirability, while real estate agents and appraisers could leverage this info to better understand local market dynamics. Higher student-to-teacher ratios might also raise red... Read more
Student-to-teacher ratio in Ohio over the last 10 years
Over the past decade, Ohio's student-to-teacher ratio has fluctuated significantly, with values ranging from 14 students per teacher in 2015 to nearly 18 students per teacher in other years. The ratio has consistently been above the U.S. national average of 14 students per teacher. This could suggest potential challenges for teachers and students in Ohio, with possible implications for educational quality and classroom management. Investors and families considering relocation may want to consider these ratios as an indicator of the education climate, while appraisers and real estate agents might use this data to gauge community desirability. Higher ratios may also concern insurance agents evaluating risk factors in school environments.
