Ashtabula County Real Estate and Livability Trends
Ashtabula County, Ohio has experienced a consistent rise in average taxable income per tax return, growing from $40,613.21 in 2013 to $54,819.31 in 2021, which could indicate economic stability. However, median home values, climbing from $106,000 in 2015 to $139,000 in 2022, still trail behind broader state and national trends. The noteworthy increase in state and local income taxes per... Read more
Ashtabula County Market Trends
Median home values in Ashtabula County, Ohio have grown from $106,000 in 2015 to $139,000 in 2022, which, while substantial, trails behind both statewide and national trends. A remarkable surge in residential energy tax credits in 2018 suggests heightened interest in energy-efficient home improvements, presenting opportunities for savvy investors. Real estate taxes per return have nearly doubled... Read more
Median Value of Occupied Housing Units in Ashtabula County, Ohio Over the Last 8 Years
Median home values in Ashtabula County, Ohio have increased from $106,000 in 2015 to $139,000 in 2022. While this growth seems substantial, it lags behind the statewide increase where Ohio saw a rise from $129,900 to $183,300 in the same period. Nationally, the growth is even more pronounced with values escalating from $125,500 to $179,400. This slower appreciation in Ashtabula County might offer more affordable entry points for new buyers or investors compared to the broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Ashtabula County, OH Over the Last 9 Years
Residential energy tax credits in Ashtabula County, Ohio, have exhibited notable fluctuations over the last nine years. While the average credit per tax return remained relatively stable from 2013 to 2016, there was a significant surge in 2017, with an even more dramatic spike in 2018 to $1,800.00. This peak suggests a possible increase in residential energy improvements or policy changes. Post-2018, the figures showed a decline but stabilized around $775.00 in 2019 and continued to be elevated through 2021. This trend signals potential opportunities for property investors and homeowners to benefit from energy-efficient upgrades, influencing both real estate values and investment strategies in the region.
Average Real Estate Taxes Per Tax Return in Ashtabula County, OH Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Ashtabula County, Ohio show a consistent upward trend, rising from around $2,405.65 in 2012 to approximately $4,190.36 in 2021. This likely upward trajectory may suggest increasing property values or tax rates, which could be an important consideration for potential investors, homebuyers, and real estate agents. The notable jump around 2018, where the average increased to $3,512.26, followed by a steady climb, could indicate changes in local assessments or possibly new property development in the area.
Percentage of Farm Returns in Ashtabula County, OH Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Ashtabula County, Ohio has seen a subtle but noticeable decline. Starting at approximately 2.18% in 2012, it gradually decreased, reaching about 1.88% in 2019 and dropping further to around 1.78% by 2020. This suggests a slight reduction in the number of farm operations or possibly lesser income being reported for tax purposes over time, which might be of interest to investors or those considering agricultural ventures in the region. Understanding farm tax returns is crucial as they indicate the health and viability of agricultural businesses, impacting decisions for property investment, land use, and local economic planning.
Number of Mortgages by Occupancy Type in Ashtabula County, OH Over the Last 5 Years in Ashtabula County
The trends in mortgage counts for Ashtabula County, Ohio indicate notable fluctuations over the past five years. Principal residences consistently represent the bulk of mortgages, with a peak in 2021 at 5,183 mortgages which then sharply dropped to 3,748 in 2022. Investment properties and second residences show more stability but also exhibit minor variances, with investment property mortgages peaking at 179 in 2021 compared to a low of 152 in 2019. These shifts in occupancy type can guide investors and developers by signaling the demand trends and potential market saturation for different property types. Real estate agents and appraisers might use this to adjust property valuations or recommendations, while insurance agents could infer potential risk profiles based on occupancy types' popularity and stability.
Economic Outlook
Ashtabula County, Ohio has experienced a consistent rise in average taxable income per tax return, moving from $40,613.21 in 2013 to $54,819.31 in 2021, which could point to growing economic stability. Notable increases in state and local income taxes per tax return—from $4,291.73 in 2012 to $9,767.07 in 2021—may reflect rising incomes or tax policy adjustments. Total tax liabilities have also trended upwards, indicating increasing financial obligations for residents, which is relevant for... Read more
Average Taxable Income per Tax Return in Ashtabula County, OH over the last 9 years
Over the past nine years, Ashtabula County, Ohio has shown a consistent rise in average taxable income per tax return, with figures growing from $40,613.21 in 2013 to $54,819.31 in 2021. This upward trend is compelling for potential investors and real estate agents, as it may indicate increasing economic stability and affluence within the county. For insurance agents and appraisers, these figures can be significant in adjusting premiums and valuations for properties and assets. Those contemplating relocation or development in Ashtabula will find the economic growth attractive, signaling a potentially robust and prospering community.
Average State and Local Income Taxes Per Tax Return in Ashtabula County, OH Over the Last 10 Years
Over the past decade, Ashtabula County, Ohio has seen a notable upward trend in average state and local income taxes per tax return. Starting from $4,291.73 in 2012, the amount gradually increased with a noticeable spike in 2018 ($6,570.83) and reaching $9,767.07 in 2021. This rise suggests possibly higher incomes or changes in tax policy, which could impact decisions for investors, real estate agents, and residents considering the economic landscape of the county.
Average Total Tax Liability Per Tax Return in Ashtabula County, OH Over the Last 10 Years
Over the past decade, Ashtabula County, Ohio has seen a discernible upwards trend in the average total tax liability per tax return, spiking from $5,457.74 in 2012 to $7,182.16 in 2021. Interestingly, while there were intermittent declines, such as in 2013 and 2018, the general trajectory suggests increasing financial obligations for residents. This trend might indicate evolving economic conditions and possibly rising income levels that would be relevant for investors, real estate developers, insurance agents, and anyone considering relocation to the area. Understanding this shift can offer crucial insights into the community's fiscal health and economic trends.
Cost of Living in Ashtabula County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,021 | $1,456 | $1,661 | $1,483 | $1,029 |
| 1 adult 4 children | $1,021 | $1,189 | $1,269 | $1,483 | $1,122 |
| 2 adults 3 children | $1,021 | $1,189 | $1,442 | $1,483 | $830 |
| 1 adult 3 children | $1,021 | $971 | $1,050 | $1,483 | $898 |
| 2 adults 2 children | $794 | $974 | $1,223 | $1,293 | $736 |
| 1 adult 2 children | $794 | $727 | $831 | $1,293 | $686 |
| 2 adults 1 child | $794 | $769 | $1,004 | $678 | $666 |
| 1 adult 1 child | $794 | $497 | $612 | $678 | $545 |
| 2 adults | $617 | $618 | $785 | $0 | $521 |
| 1 adult | $531 | $337 | $393 | $0 | $429 |
Safety trends & Data
Ashtabula County, Ohio has experienced stable property crime rates over the past five years, with larceny-theft being the most common issue. The peak was 160.00 arrests in 2020. Burglary and vandalism have fluctuated but show a slight decline by 2022. Motor vehicle theft and fraud occur minimally each year, typically between 1.00 and 5.00 arrests. These trends offer valuable insights for investors, residents, and real estate professionals when evaluating the county's safety and associated... Read more
Property Crime Trends in Ashtabula County, OH Over the Last 5 Years
Ashtabula County, Ohio has seen fairly stable trends in property crimes over the past five years. Larceny-theft remains the most prevalent issue, with the highest number peaking at 160.00 arrests in 2020. Burglary and vandalism fluctuated but showed a slight decline by 2022. Motor vehicle theft and fraud have minimal occurrences each year, often ranging from 1.00 to 5.00 arrests annually. These trends provide a critical understanding for investors, residents, and real estate professionals assessing the area's safety and potential risks.
Demographics
Ashtabula County, Ohio in 2022 saw a nearly even gender split among its adult population, with slightly more males than females. Educational attainment is skewed towards high school graduates, but there's also a significant portion with some college and associate’s degrees, suggesting a community that values higher education. The age distribution indicates an aging population with a significant number of residents over 55 years old. Racially, the area is predominantly White, with small... Read more
Race Distribution in Ashtabula County, Ohio (2022)
Educational Attainment in Ashtabula County, Ohio (2022)
Age Distribution in Ashtabula County, Ohio
Citizen Population in Ashtabula County, Ohio (2022)
Political Trends & Data
Ashtabula County in Ohio showed a notable preference for Republican candidates in the 2020 U.S. Presidential Election, with around 61% of votes. Democrats trailed at approximately 37%, while Libertarian and other party votes were minimal. This trend hints at a predominantly conservative voter base, potentially influenced by regional economic interests or demographic profiles favoring Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ashtabula County in Ohio saw a noticeable lean towards Republican candidates in the 2020 U.S. Presidential Election, with Republicans securing around 61% of the vote. Democrats followed with about 37%, while Libertarians garnered roughly 1.3% and other parties together accounted for a small fraction of the overall votes. This distribution may suggest a predominantly conservative voter base within the county. Factors could include regional economic interests or demographic profiles aligning more closely with Republican policies.
60.91% of voters voted for the Republican party in the 2020 Presidential Election
37.37% of voters voted for the Democrat party in the 2020 Presidential Election
1.27% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ashtabula County, Ohio has seen its student-to-teacher ratio drop from 21 in 2014 to about 18 in 2023, still above the national average of 14. This continued high ratio might suggest a need for more educational infrastructure, potentially attracting investors. Families might view crowded classrooms as a downside, which could impact real estate desirability. Real estate agents, appraisers, and insurance agents should factor in these dynamics when assessing the area for prospective... Read more
Student-to-teacher ratio in Ashtabula County, Ohio over the last 9 years
Ashtabula County, Ohio has experienced a steady decline in its student-to-teacher ratio over the past nine years, with figures dropping from 21 in 2014 to about 18 in 2023. This is still notably higher than the national average of 14 students per teacher, which may affect various stakeholders differently. For potential investors, the relatively high ratios could suggest a need for more educational infrastructure. Families might view the lower but still high numbers as an indicator of crowded classrooms, which could impact the quality of education. For real estate agents, this trend could influence how the area's educational system is perceived by potential homebuyers. Appraisers and insurance agents might also consider these figures in their assessments and risk evaluations. Understanding these dynamics can be crucial when making decisions related to the county's educational and real estate markets.
