Ashland County Real Estate and Livability Trends
Ashland County, Ohio’s real estate market shows promising growth, with the median home value rising 35% to $163,600 in 2022. This is lower than both state and national medians but signals strong potential. Growth in average taxable income and state and local taxes suggests improving economic conditions. Real estate taxes also saw a significant hike, nearly doubling over the past decade.... Read more
Ashland County Market Trends
The median home value in Ashland County, Ohio rose 35% over the past eight years, hitting $163,600 in 2022. While this is below Ohio’s median value of $183,300 and the national $179,400, it still signals strong growth potential. Real estate taxes also saw a significant increase, with the average tax per return jumping from $2,180.24 in 2012 to $3,740.00 in 2021. Such trends, paired with spikes... Read more
Median Value of Occupied Housing Units in Ashland County, Ohio Over the Last 8 Years
The median home value in Ashland County, Ohio has seen a significant rise over the past eight years, starting at $120,800 in 2015 and climbing to $163,600 in 2022. This 35% increase is particularly interesting when compared to the state of Ohio, where the median home value increased by roughly 41% over the same period, reaching $183,300 in 2022. Nationally, the median home value grew by about 43%, peaking at $179,400 in 2022. Potential investors and homebuyers will find Ashland County presents a relatively strong growth potential while still offering values below both state and national averages, making it an attractive yet affordable option.
Residential Energy Tax Credit Per Tax Return in Ashland County, OH Over the Last 9 Years
In Ashland County, Ohio, the average residential energy tax credit per tax return has shown substantial variability over the last nine years. Notably, there was a significant spike in 2018, with an average credit of $3,640.00, and notable peaks in 2017 and 2021, reaching $729.41 and $852.94 respectively. These fluctuations might indicate periods of increased investment in energy-efficient home improvements, which could be of interest to investors, appraisers, and real estate agents monitoring market trends. It could also imply changing state or federal incentives impacting homeowner behavior.
Average Real Estate Taxes Per Tax Return in Ashland County, OH Over the Last 10 Years
Ashland County, Ohio has seen a noticeable increase in average real estate taxes per tax return over the last decade, with a marked acceleration in recent years. Starting at $2,180.24 in 2012, the figures climbed steadily to $3,740.00 by 2021. This upward trend may indicate rising property values or changes in millage rates, making it crucial for potential buyers, investors, and real estate professionals to consider the increasing tax burden. Insurers and appraisers should be aware of these changes when evaluating properties, as they can significantly affect overall costs and valuations.
Percentage of Farm Returns in Ashland County, OH Over the Last 10 Years
In Ashland County, Ohio, the percentage of farm tax returns has shown a slight but consistent decline over the past decade, starting at roughly 3.83% in 2012 and tapering down to about 3.54% by 2021. Farm tax returns, essentially income tax returns filed by farms, can indicate the economic health of the agricultural sector in the area. For those looking to invest, build, or move to Ashland County, this trend may imply a shifting economic landscape where farming is becoming a smaller part of the local economy.
Number of Mortgages by Occupancy Type in Ashland County, OH Over the Last 5 Years in Ashland County
Ashland County, Ohio has shown fluctuating interest in different occupancy types over the past five years. Principal residences consistently dominate the mortgage market, with figures ranging from 1,973 in 2018 to a peak of 2,863 in 2021 before dipping slightly in 2022. Investment property mortgages saw a gradual increase from 75 in 2018 to 107 in 2022, hinting at rising investor confidence. Second residences, while much lower in number, remained relatively stable. Shifts in occupancy types are crucial for investors and real estate agents to track as they could signal market trends that impact property values, rental yields, and demand for specific housing types. This data matters because it reflects the local economic health, informs lending practices, and impacts future property development plans.
Economic Outlook
Ashland County, Ohio has experienced steady growth in average taxable income per tax return, rising from approximately $45,104.34 in 2013 to about $60,693.40 by 2021, indicating potentially improving economic conditions. Average state and local income taxes in the county have notably increased over the past decade, starting around $4,725 in 2012 and reaching $10,686 by 2021. This may reflect rising income levels or greater local government funding needs. Additionally, average total tax... Read more
Average Taxable Income per Tax Return in Ashland County, OH over the last 9 years
Over the past nine years, average taxable income per tax return in Ashland County, Ohio has experienced steady growth, starting at approximately $45,104.34 in 2013 and rising to about $60,693.40 by 2021. This upward trend suggests that the area's economic conditions may be improving, potentially making it an attractive spot for investors and new residents. Real estate agents and appraisers could find this data encouraging as it hints at growing financial health among the county's residents, which might impact property values.
Average State and Local Income Taxes Per Tax Return in Ashland County, OH Over the Last 10 Years
Ashland County, Ohio has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting around $4,725 in 2012, there was a gradual rise with a sharp spike to approximately $8,075 in 2018, continuing upwards to $10,686 by 2021. This trend might be pertinent for potential investors and residents, indicating rising local government funding needs or increasing income levels within the county. Appraisers, real estate agents, and property developers might find this data useful in understanding the economic landscape, while insurance agents can consider these trends for risk assessments and policy pricing.
Average Total Tax Liability Per Tax Return in Ashland County, OH Over the Last 10 Years
Over the past decade, Ashland County, Ohio has seen a noticeable increase in the average total tax liability per tax return, climbing from $6,077.83 in 2012 to $8,193.34 in 2021. This upward trend implies rising incomes or changes in the tax code impacting residents. Particularly notable are the significant jumps in 2017 and 2020, suggesting potential economic growth or policy shifts during those years. Potential investors, homebuyers, and professionals involved in real estate or financial planning should consider these figures as they reflect broader economic conditions and fiscal policy impacts in the area.
Cost of Living in Ashland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,010 | $1,448 | $1,708 | $1,483 | $1,045 |
| 1 adult 4 children | $1,010 | $1,182 | $1,305 | $1,483 | $1,140 |
| 2 adults 3 children | $1,010 | $1,183 | $1,483 | $1,483 | $844 |
| 1 adult 3 children | $1,010 | $966 | $1,080 | $1,483 | $914 |
| 2 adults 2 children | $794 | $968 | $1,258 | $1,293 | $750 |
| 1 adult 2 children | $794 | $723 | $854 | $1,293 | $703 |
| 2 adults 1 child | $794 | $765 | $1,032 | $678 | $679 |
| 1 adult 1 child | $794 | $494 | $629 | $678 | $557 |
| 2 adults | $603 | $615 | $807 | $0 | $528 |
| 1 adult | $531 | $335 | $403 | $0 | $439 |
Safety trends & Data
Ashland County, Ohio has seen notable changes in property crime over the last five years, with larceny-theft dropping from a peak of 131 incidents in 2019 to just 18 in 2021. Similarly, fraud cases hit 51 in 2019 but decreased to 17 by 2021. Vandalism incidents varied but generally trended downward, while burglary rates stayed low without a clear pattern. These shifts could impact property values and risk assessments, making them crucial for real estate investors and insurers to... Read more
Property Crime Trends in Ashland County, OH Over the Last 5 Years
Ashland County, Ohio has experienced fluctuations in property crime over the last five years. There was a peak in larceny-theft in 2019 with 131 recorded incidents, followed by a significant drop to 18 in 2021. Fraud cases also spiked in 2019 at 51 but tapered off to 17 by 2021. While vandalism incidents varied annually, they generally trended downwards. Burglary rates remained relatively low but did not show a clear pattern of increase or decrease. Those interested in real estate, investments, or insurance should consider these trends, as they could have implications for property values and risk assessments in Ashland County.
Demographics
Ashland County, Ohio, has a relatively balanced gender distribution among its adult population, with slightly more females than males. When it comes to educational attainment, a substantial portion of residents have completed high school, with a notable segment having attended some college. Meanwhile, the age distribution appears quite spread out, with a larger cluster in the 55-64 age range, hinting at an aging population. Racially, Ashland County is predominantly White, with minimal... Read more
Race Distribution in Ashland County, Ohio (2022)
Educational Attainment in Ashland County, Ohio (2022)
Age Distribution in Ashland County, Ohio
Citizen Population in Ashland County, Ohio (2022)
Political Trends & Data
Ashland County, Ohio, showed a strong Republican preference in the 2020 U.S. Presidential Election, with approximately 73.5% of the votes going to the Republican candidate and about 24.8% to the Democrat. The Libertarian candidate received roughly 1.3% of the vote, and other parties made up less than half a percent. This trend may indicate a consistent Republican leaning in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ashland County, Ohio, exhibited a strong preference for the Republican candidate in the 2020 U.S. Presidential Election, with roughly 73.5% of the votes. Democrats garnered around 24.8%, showing a significant gap between the two main parties. The Libertarian vote was minimal at approximately 1.3%, while other parties collectively made up less than half a percent. This data might suggest a consistent Republican leaning in this region.
73.50% of voters voted for the Republican party in the 2020 Presidential Election
24.77% of voters voted for the Democrat party in the 2020 Presidential Election
1.31% of voters voted for the Livertarian party in the 2020 Presidential Election
0.42% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ashland County, Ohio has seen a steady decline in the student-to-teacher ratio over the past nine years, dropping from about 17 students per teacher in 2014 to just over 15 in 2023. Although this figure is still slightly above the national average of 14 students per teacher, the trend offers a potential selling point for families looking to move, as a lower ratio often correlates with better educational outcomes. This downward trend in student-to-teacher ratio could be a key factor in property... Read more
Student-to-teacher ratio in Ashland County, Ohio over the last 9 years
Ashland County, Ohio has experienced a gradual decrease in the student-to-teacher ratio over the past nine years, dropping from around 17 students per teacher in 2014 to just over 15 in 2023. Despite this improvement, the ratio still hovers slightly above the current national average of 14 students per teacher. Lowering the student-to-teacher ratio is often linked to more individualized attention and potentially better educational outcomes, making this trend significant for families considering moving to the area, real estate agents marketing local properties, and educators evaluating the quality of local schools. For appraisers and insurance agents, these figures might also be used as a factor in assessing property values and community investment.
