Ohio Real Estate and Livability 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... increased significantly, from $3,690.52 in 2012 to $6,930.42 in 2021, potentially reflecting higher property values and enhanced public services. A slight but consistent drop in the percentage of farm tax returns over the past decade may indicate changing dynamics in the state's rural and agricultural sectors, impacting property values and business opportunities. Read more

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... that could influence property investment decisions. Additionally, the average total tax liability per tax return rose to about $13,063.69 in 2021 from approximately $9,072.64 in 2012, hinting at a potentially thriving economic environment but also suggesting higher living costs and impacts on affordability. Read more

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... further decreased, likely easing concerns about community safety and real estate value impacts. Embezzlement, while less predictable, is also on a downward trend, reflecting broader financial security improvements. Read more

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... cohorts under 14. Racially, Ohio remains predominately White, though there is a substantial Black or African American population and a smaller but notable Asian community. Read more

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... elections. Read more

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... flags for insurance agents assessing risks in school environments. Read more