Belmont County Real Estate and Livability Trends
Belmont County, Ohio has experienced notable income fluctuations, with average taxable income dipping to $52,570.10 in 2016 and peaking at $63,219.68 in 2018, recovering to $62,453.80 in 2021. During this period, median home values have climbed from $91,700 in 2015 to $130,200 in 2022, though this growth lags behind state and national averages. Real estate taxes have similarly surged from... Read more
Belmont County Market Trends
Median home values in Belmont County, Ohio have risen from $91,700 in 2015 to $130,200 in 2022, which is substantial though still lower than state and national growth. Rising real estate taxes, jumping from $2,071.54 in 2012 to about $3,736.00 in 2021, are impacting housing market costs. A notable spike in residential energy tax credits in 2018, which hit $2,500.00, might indicate changes in... Read more
Median Value of Occupied Housing Units in Belmont County, Ohio Over the Last 8 Years
Median home values in Belmont County, Ohio have demonstrated a steady increase over the past eight years, climbing from $91,700 in 2015 to $130,200 in 2022. This growth, while impressive locally, is still trailing behind state and national figures. Ohio saw its median home value ascend from $129,900 to $183,300 in the same period, and nationally, values surged from $125,500 to $179,400. This data suggests that Belmont County remains an attractive, potentially undervalued option for investors and new residents when compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Belmont County, OH Over the Last 9 Years
Residential energy tax credits in Belmont County, Ohio, have shown a general upward trend over the past nine years, with a particularly notable spike in 2018 at $2,500.00. This could suggest a significant event or policy change that year, as the average figures before and after remain fairly steady. For potential investors and homeowners, this upswing might indicate evolving energy efficiency standards or incentives that could impact future costs or benefits of property ownership in the area. Insurers and appraisers should consider these dynamics when evaluating property risks and values, as improved energy efficiency can influence overall property attractiveness and long-term operating costs.
Average Real Estate Taxes Per Tax Return in Belmont County, OH Over the Last 10 Years
Belmont County, Ohio has witnessed a noticeable increase in average real estate taxes per tax return over the last decade, climbing from $2,071.54 in 2012 to approximately $3,736.00 in 2021. This trend may reflect rising property values and possibly higher public service costs in the area. For investors and property developers, it's crucial to consider these escalating taxes, as they can significantly impact overall project costs and profitability. Real estate agents and appraisers should also be aware of this trend as it may influence buyer decisions and home valuations.
Percentage of Farm Returns in Belmont County, OH Over the Last 10 Years
In Belmont County, Ohio, the percentage of farm tax returns has shown a slight upward trend over the past decade. Starting at about 2.30% in 2012 and rising to approximately 2.49% by 2021, this gradual increase might suggest a modest growth in farming activity or farm ownership in the region. Farm tax returns are essential to understanding agricultural economic contributions, as they reflect the income and productivity of farms within the county. Investors or potential property buyers could find this information indicative of an active agricultural sector, which could impact land value, community resources, and investment opportunities in Belmont County.
Number of Mortgages by Occupancy Type in Belmont County, OH Over the Last 5 Years in Belmont County
Over the past five years, Belmont County, Ohio has seen variations in mortgage counts by occupancy type, predominantly driven by principal residences, which saw significant fluctuations—peaking notably in 2021. Investment properties and second residences remained relatively stable, with modest year-over-year changes. These occupancy type shifts are crucial for investors who might discern opportunities in trends, real estate agents who can tailor their strategies, and appraisers who need to understand market dynamics. Changes in these patterns could impact property values, insurance rates, and the decisions of those considering moving to or building in the area.
Economic Outlook
Belmont County, Ohio has shown notable fluctuations in average taxable income, with significant peaks and troughs over the last nine years. Average taxable income hit its lowest in 2016 at approximately $52,570.10 and peaked in 2018 at about $63,219.68, rebounding to around $62,453.80 in 2021. Similarly, average state and local income taxes per return have varied considerably, peaking at $12,703.03 in 2019 and dropping to $5,985.22 in 2016. These trends suggest potential economic instability or... Read more
Average Taxable Income per Tax Return in Belmont County, OH over the last 9 years
Over the last nine years, Belmont County, Ohio has experienced fluctuations in average taxable income per tax return, with noticeable peaks and troughs. The most significant low point occurred in 2016, with an average taxable income of approximately $52,570.10, while the highest peak was in 2018 at about $63,219.68. More recently, in 2021, the average taxable income rebounded to around $62,453.80. These variations could suggest economic instabilities or growth opportunities, offering valuable insights for potential investors, property developers, and real estate agents considering the region.
Average State and Local Income Taxes Per Tax Return in Belmont County, OH Over the Last 10 Years
Over the past decade, Belmont County, Ohio, has seen significant fluctuations in average state and local income taxes per tax return, peaking at $12,703.03 in 2019 and dropping as low as $5,985.22 in 2016. This inconsistency may suggest economic instability or shifting tax policies, factors that could impact decisions around investing, property appraisal, and insurance risk assessments. Such volatility might indicate opportunities or risks for real estate professionals and potential movers aiming to understand the long-term financial landscape of the area.
Average Total Tax Liability Per Tax Return in Belmont County, OH Over the Last 10 Years
The average total tax liability per tax return in Belmont County, Ohio has shown significant variability over the past decade, peaking in 2017 at $10,665.99 while hitting a low in 2012 at $8,156.69. Trends suggest that while the tax liability can fluctuate year to year, it generally hovers around the $9,000 to $10,000 range. This kind of volatility is relevant for potential investors, real estate agents, and those considering moving to the area, as it may reflect broader economic shifts or changes in the local tax policies. Understanding these trends helps in making informed decisions about property investments and financial planning in Belmont County.
Cost of Living in Belmont County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,065 | $1,359 | $1,991 | $1,778 | $1,203 |
| 1 adult 4 children | $1,065 | $1,110 | $1,532 | $1,778 | $1,319 |
| 2 adults 3 children | $1,065 | $1,110 | $1,723 | $1,778 | $994 |
| 1 adult 3 children | $1,065 | $907 | $1,264 | $1,778 | $1,078 |
| 2 adults 2 children | $820 | $909 | $1,455 | $1,589 | $846 |
| 1 adult 2 children | $820 | $679 | $996 | $1,589 | $803 |
| 2 adults 1 child | $820 | $718 | $1,187 | $974 | $753 |
| 1 adult 1 child | $820 | $464 | $728 | $974 | $641 |
| 2 adults | $641 | $577 | $919 | $0 | $544 |
| 1 adult | $558 | $315 | $459 | $0 | $448 |
Safety trends & Data
Belmont County, Ohio has seen a significant drop in property crimes over the past five years, with larceny-theft incidents decreasing from 48 in 2018 to just 19 in 2022. This downward trend, despite some fluctuations in other crime categories, may enhance its appeal to investors, appraisers, and homebuyers by potentially lowering insurance rates and increasing property values. Continuous monitoring is recommended to maintain these improvements and ensure a favorable environment for real estate... Read more
Property Crime Trends in Belmont County, OH Over the Last 5 Years
Belmont County, Ohio has experienced a noticeable decline in property crimes over the past five years, particularly in larceny-theft which dropped from 48 incidents in 2018 to just 19 in 2022. While other categories such as burglary and vandalism have seen fluctuations, the overall trend suggests a reduction in criminal activity, making it potentially more appealing for investors, appraisers, and homebuyers. This trend could also influence insurance rates and property values, offering a more attractive environment for real estate development. However, continuous monitoring is advised to ensure these improvements are sustained.
Demographics
Belmont County, Ohio, exhibits a predominantly White population, with over 61,000 individuals, while Black or African American residents account for a relatively minor share. Males slightly outnumber females in the adult demographic. High school graduates, including those with equivalency, make up the largest segment in educational attainment, suggesting a strong emphasis on basic education. A noticeable elderly population over 55 years hints at potential healthcare and retirement service... Read more
Race Distribution in Belmont County, Ohio (2022)
Educational Attainment in Belmont County, Ohio (2022)
Age Distribution in Belmont County, Ohio
Citizen Population in Belmont County, Ohio (2022)
Political Trends & Data
Belmont County, Ohio's real estate market might be shaped by its pronounced conservative tilt, indicated by over 71% of voters supporting the Republican candidate in the 2020 Presidential Election. This strong conservative presence could point to preferences for more traditional and possibly single-family housing options, with less interest in highly urbanized or progressive community developments. The Democratic vote, though smaller, remains significant at around 28%, hinting at potential... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Belmont County, Ohio, the 2020 U.S. Presidential Election leaned heavily Republican, with over 71% of the vote potentially indicating a strong conservative presence. The Democratic Party secured about 28%, which might suggest a smaller but still significant base. Libertarian and other minor parties captured almost negligible portions of the vote, hovering around 1%. This distribution could imply a limited appetite for third-party candidates among voters in this county.
71.20% of voters voted for the Republican party in the 2020 Presidential Election
27.62% of voters voted for the Democrat party in the 2020 Presidential Election
0.86% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Belmont County, Ohio's student-to-teacher ratio has seen a decrease from a peak of 20 in 2017 to around 16 recently, still above the national average of 14. This trend might point to better educational support or shifts in resource allocation, possibly enhancing property values. For families, the potential for more individualized attention in classrooms is appealing, potentially influencing appraisers and insurance agents in valuing and assessing regional... Read more
Student-to-teacher ratio in Belmont County, Ohio over the last 9 years
The student-to-teacher ratio in Belmont County, Ohio has fluctuated over the past nine years, peaking at 20 in 2017 before steadily declining to around 16 in recent years. Though still slightly above the national average of 14 students per teacher, the downward trend indicates improving conditions or a shift in resource allocation. For potential investors, residents, and real estate agents, these ratios might signal better educational support and potentially enhance property values. Lower ratios are often correlated with more individualized attention in classrooms, which can be an attractive feature for families considering a move to the area. This trend could influence appraisers evaluating school district quality and insurance agents assessing regional risks.
