Allen County Real Estate and Livability Trends
Allen County, Ohio has seen a notable rise in average taxable income per tax return, growing from $47,868.98 in 2013 to $64,615.36 in 2021, hinting at a possibly healthier local economy with better wages. Meanwhile, median home values have gone from $105,400 in 2015 to $147,000 in 2022, lagging behind state and national averages but suggesting potential affordability and investment opportunities.... Read more
Allen County Market Trends
The median home values in Allen County, Ohio, have grown from $105,400 in 2015 to $147,000 in 2022, lagging behind the Ohio state and national averages but suggesting affordability and investment potential. Residential energy tax credits peaked dramatically in 2018, indicating increased energy-efficient home improvements, which could appeal to investors. Real estate taxes climbed from... Read more
Median Value of Occupied Housing Units in Allen County, Ohio Over the Last 8 Years
The median home values in Allen County, Ohio, have shown significant growth over the past eight years, increasing from $105,400 in 2015 to $147,000 in 2022. While this upward trend reflects stability and potential for investment, Allen County still lags behind the state average of Ohio, which rose from $129,900 in 2015 to $183,300 in 2022, and the national average, which climbed from $125,500 to $179,400 over the same period. This contrast suggests that Allen County could be a more affordable and potentially lucrative alternative for property investors and prospective homeowners compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Allen County, OH Over the Last 9 Years
Allen County, Ohio has shown a varied trend in residential energy tax credits over the past nine years. Following a steady increase from $397.84 in 2013 to $597.06 in 2017, there was a significant spike to $2,825.00 in 2018, which may indicate a substantial rise in energy-efficient home improvements. Post-2018, the average credits normalized, fluctuating around the $500.00 to $750.00 mark. This data could suggest potential for strong returns on energy-efficient investments, which may be of interest to investors, property developers, and insurance agents evaluating property values based on energy efficiency enhancements.
Average Real Estate Taxes Per Tax Return in Allen County, OH Over the Last 10 Years
Allen County, Ohio has experienced a noticeable escalation in average real estate taxes over the past decade, rising from approximately $2,563.13 per return in 2012 to about $4,338.46 by 2021. This steady increase, with notable jumps particularly between 2016 and 2019, could be influenced by evolving property valuations and possible changes in tax policies. This trend may be relevant for prospective investors, real estate agents, or appraisers who are evaluating the long-term cost implications for property ownership in the region. This data could also be critical for insurance agents and those engaged in financial planning for homeownership or property investment.
Percentage of Farm Returns in Allen County, OH Over the Last 10 Years
Over the past decade in Allen County, Ohio, the percentage of farm tax returns has exhibited a slight downward trend. Starting at approximately 1.82% in 2012, the figures generally hovered around the 1.73% mark until 2016, after which there was a noticeable tapering off, reaching about 1.52% in 2021. Farm tax returns, a reflection of viable agricultural businesses filing taxes, may indicate the vitality and economic health of the farming industry in the county. For investors and potential property buyers, this trend could hint at evolving land use patterns or shifts in the agricultural sector's local prominence, making it essential to consider how these factors could impact long-term investments and property values.
Number of Mortgages by Occupancy Type in Allen County, OH Over the Last 5 Years in Allen County
Mortgage data in Allen County, Ohio over the last five years reveals a notable fluctuation in demand for different occupancy types. Principal residences consistently dominate, experiencing significant peaks in 2020 with 5566 mortgages. Investment properties show a more modest but stable presence, peaking slightly in 2018 with 281 mortgages and then showing minor variations. Second residences have the least activity but exhibit slight growth in some years. These variations are crucial for potential investors, real estate agents, and appraisers, suggesting trends in housing needs and investment opportunities. Changes in occupancy types can impact property values, development projects, and insurance considerations, especially with the marked uptick in principal residence mortgages indicating robust housing demand.
Economic Outlook
Over the past nine years, Allen County, Ohio has seen a rise in average taxable income per tax return, growing from $47,868.98 in 2013 to $64,615.36 in 2021. This trend could indicate a healthier local economy with better wages or more employment opportunities, suggesting residents might afford higher-priced homes. Meanwhile, state and local income taxes per return surged from $9,709.66 in 2018 to $12,125.21 in 2021, reflecting possible economic or policy shifts. The average total tax liability... Read more
Average Taxable Income per Tax Return in Allen County, OH over the last 9 years
Over the past nine years, Allen County, Ohio has seen a steady rise in average taxable income per tax return, starting from approximately $47,868.98 in 2013 to around $64,615.36 in 2021. This upward trend might indicate a growing local economy, potentially driven by higher wages or increased employment opportunities. For real estate investors and developers, this trend suggests a possibly increased capacity for residents to afford higher-priced homes, while insurance agents and appraisers might see higher valuations and premiums on properties. It could also be an attractive signal for businesses considering relocation, pointing to a more prosperous customer base.
Average State and Local Income Taxes Per Tax Return in Allen County, OH Over the Last 10 Years
Over the past decade, taxpayers in Allen County, Ohio have seen considerable fluctuations in their average state and local income taxes per return. Notably, a stark surge occurred from 2018 to 2021, with taxes jumping from approximately $9,709.66 to $12,125.21. This increase may reflect broader economic trends or policy changes affecting the region. These figures could interest potential investors, homebuyers, and financial professionals who need to understand the local tax landscape's current dynamics and historical context.
Average Total Tax Liability Per Tax Return in Allen County, OH Over the Last 10 Years
Over the past decade, Allen County, Ohio's average total tax liability per tax return has fluctuated but generally trended upward. Notably, there was a significant spike in 2021, with the tax liability jumping to $9858.47, compared to $8464.28 in 2020. This increasing trend could be of interest to prospective investors and real estate professionals, as it may indicate rising incomes and economic growth within the county. Potential movers and those building property might also see this data as a sign of a robust local economy but should be prepared for potentially higher tax obligations.
Cost of Living in Allen County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,086 | $1,339 | $1,828 | $1,413 | $1,010 |
| 1 adult 4 children | $1,086 | $1,094 | $1,405 | $1,413 | $1,097 |
| 2 adults 3 children | $1,086 | $1,094 | $1,582 | $1,413 | $814 |
| 1 adult 3 children | $1,086 | $893 | $1,160 | $1,413 | $876 |
| 2 adults 2 children | $854 | $896 | $1,336 | $1,256 | $730 |
| 1 adult 2 children | $854 | $669 | $914 | $1,256 | $679 |
| 2 adults 1 child | $854 | $708 | $1,090 | $743 | $686 |
| 1 adult 1 child | $854 | $457 | $668 | $743 | $569 |
| 2 adults | $680 | $569 | $844 | $0 | $528 |
| 1 adult | $657 | $310 | $422 | $0 | $460 |
Safety trends & Data
Investors and real estate professionals eyeing Allen County, Ohio should note a downward trend in property crimes over the last five years, with significant drops in burglary and larceny-theft cases. Burglary incidents decreased from 50.00 in 2018 to 25.00 in 2022, while larceny-theft fell from 390.00 to 47.00 in the same period. The drop in arson cases from 144.00 in 2018 to just 2.00 in 2021 suggests enhanced fire safety measures. These trends may indicate improving safety and stability,... Read more
Property Crime Trends in Allen County, OH Over the Last 5 Years
Investors and real estate professionals eyeing Allen County, Ohio should note a downward trend in property crimes over the last five years, with notable reductions in burglary and larceny-theft cases. For instance, burglary incidents declined from 50.0 in 2018 to 25.0 in 2022, while larceny-theft decreased from 390.0 to 47.0 over the same period. This trend may indicate improving safety and stability in the area, potentially increasing the appeal and property values. Additionally, the significant drop in arson cases, from 144.0 in 2018 to just 2.0 in 2021, highlights enhanced fire safety measures or enforcement. Such positive changes in crime statistics could affect insurance premiums and attract more residents looking for a safer environment.
Demographics
Allen County, Ohio exhibits a slightly higher female population compared to males. When it comes to educational attainment, a significant portion of the adult population has only completed high school, with a smaller percentage holding bachelor's or advanced degrees. The age distribution suggests a relatively balanced spread across different age groups, although there is a notable number of residents in the 55 to 64 years bracket. Racially, the county is predominantly White, with Black or... Read more
Race Distribution in Allen County, Ohio (2022)
Educational Attainment in Allen County, Ohio (2022)
Age Distribution in Allen County, Ohio
Citizen Population in Allen County, Ohio (2022)
Political Trends & Data
In Allen County, Ohio, the 2020 U.S. Presidential Election results seem to show a strong Republican preference, with approximately 69% of the votes going their way. The Democratic party trailed with about 29%, highlighting a substantial partisan divide. Third-party candidates had minimal impact, collectively securing a little over 1% of the total... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Allen County, Ohio, the 2020 U.S. Presidential Election results suggest a significant lean toward the Republican party with around 69% of the vote. The Democratic party garnered roughly 29%, indicating a notable gap between the two major parties. Third parties such as the Libertarians and others barely made a dent, together accumulating just over 1% of the votes.
68.98% of voters voted for the Republican party in the 2020 Presidential Election
29.47% of voters voted for the Democrat party in the 2020 Presidential Election
1.23% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Allen County, Ohio, the student-to-teacher ratio has generally bounced between 16 and 17 students per teacher over the past nine years, staying above the national average of 14. This trend could suggest a demand for more educational infrastructure, which might interest investors and builders. Real estate agents might see this as a cue to highlight potential areas for improvement in local schools, possibly impacting property values positively. Insurance agents and appraisers might also take... Read more
Student-to-teacher ratio in Allen County, Ohio over the last 9 years
The student-to-teacher ratio in Allen County, Ohio has fluctuated mildly over the past nine years, generally ranging between 16 and 17 students per teacher. While it peaked at 17 in 2017 and again in 2023, it has remained consistently higher than the national average of around 14 students per teacher. For investors, builders, and real estate agents, these ratios could imply a potential demand for more educational infrastructure or highlight areas for improvement in local school staffing. Insurance agents and appraisers may also consider these statistics indicative of the community's commitment to education and its resultant impact on property values.
