Butler County Real Estate and Livability Trends
Butler County, Ohio, revealed interesting economic and real estate trends. The average taxable income per tax return reached $76,856.51 in 2021, suggesting growing economic stability that might bolster local property developments. Median home values surged from $157,200 in 2015 to $224,300 in 2022, outpacing state and national averages, hinting at robust equity growth opportunities. Meanwhile,... Read more
Butler County Market Trends
In Butler County, Ohio, median home values have risen from $157,200 in 2015 to $224,300 in 2022, outpacing state and national averages. This trend hints at stronger equity growth opportunities for investors. Residential energy tax credits peaked at $2,462.50 in 2018, suggesting significant investments in eco-friendly improvements. Average real estate taxes increased from $3,266.04 in 2012 to... Read more
Median Value of Occupied Housing Units in Butler County, Ohio Over the Last 8 Years
In Butler County, Ohio, median home values have seen a significant upward trajectory over the past eight years, soaring from $157,200 in 2015 to $224,300 in 2022. This growth rate outpaces both state and national averages, with Ohio's median value moving from $129,900 to $183,300 and the national figures climbing from $125,500 to $179,400 in the same timeframe. For potential investors, homebuyers, and property developers, this trend suggests that Butler County could offer enhanced equity growth opportunities compared to broader market benchmarks.
Residential Energy Tax Credit Per Tax Return in Butler County, OH Over the Last 9 Years
Butler County, Ohio has displayed a noteworthy rise in residential energy tax credits per tax return over the past nine years, starting from an average of $335.94 in 2013 to peaking at $2,462.50 in 2018. More recently, the average amount has stabilized somewhat but remains significantly elevated, with figures like $901.55 in 2019 and $1,043.48 in 2021. This trend could be indicative of either heightened local investments in eco-friendly home improvements or changes in the tax incentives themselves. For potential investors, appraisers, real estate agents, and residents, this data suggests there might be a growing emphasis and possible financial benefits associated with energy-efficient properties in the region.
Average Real Estate Taxes Per Tax Return in Butler County, OH Over the Last 10 Years
Butler County, Ohio, has seen a notable increase in average real estate taxes over the past decade. In 2012, the average tax per return was $3,266.04, but by 2021, this had risen to $5,335.76. This upward trend, especially the significant jumps around 2017 and 2018, could possibly indicate rising property values or changes in tax assessments. For prospective investors, real estate agents, and current residents, these changes might suggest heightened demand and value of properties in the area but also highlight the need to factor in higher carrying costs in financial planning.
Percentage of Farm Returns in Butler County, OH Over the Last 10 Years
Trends indicate a slight decline in the percentage of farm tax returns in Butler County, Ohio over the past decade, from approximately 0.56% in 2012 to about 0.45% in 2021. Farm tax returns indicate the portion of tax filings classified as agricultural, reflecting the economic weight of farming in the region. Although numbers suggest a drop, the slight uptick in 2021 might hint at potential stabilization. For anyone considering investments, property development, or a move to Butler County, it is worth understanding this trend, as it could influence land use decisions, economic predictions, and community planning.
Number of Mortgages by Occupancy Type in Butler County, OH Over the Last 5 Years in Butler County
In Butler County, Ohio, the mortgage counts over the past five years reveal notable trends in occupancy types. Principal residences consistently dominate the mortgage market, with a peak in 2021 at 29,470 mortgages but saw a dip to 18,471 by 2022, possibly indicating a cooling housing market or tighter lending standards. Investment properties showed a slight increase, peaking at 1,210 in 2021, reflecting an interest among investors likely due to favorable economic conditions or local market potentials. Second residences remain minimal, with few fluctuations, suggesting less interest or higher barriers to entry in this category. Shifts in these trends matter as they impact property values, local economies, and housing availability. For investors, a growing interest in investment properties may signal robust rental market potential, whereas fluctuations in principal residence mortgages can hint at broader economic shifts. Appraisers and insurance agents must consider these variations for accurate market valuations and risk assessments. Real estate agents and developers can capitalize on these insights to align their strategies with market demands, while those considering moving to the area or current residents can better understand market dynamics affecting their housing decisions.
Economic Outlook
In Butler County, Ohio, the average taxable income per tax return reached $76,856.51 in 2021, indicating growing economic stability that could impact local investment decisions and property developments. The average state and local income taxes have nearly doubled over the past decade, climbing to $10,189.95 in 2021, suggesting rising incomes or shifting tax policies. Additionally, the average total tax liability per tax return has grown from $8,761.04 in 2012 to $12,225.84 in 2021,... Read more
Average Taxable Income per Tax Return in Butler County, OH over the last 9 years
Average taxable incomes in Butler County, Ohio have shown a steady increase over the past nine years, reaching $76,856.51 in 2021. This rise suggests a growing economic stability and can impact local investment decisions, market appraisals, and property developments. Real estate agents and insurance agents might find the upward trend encouraging for both new transactions and policy adjustments, while those considering moving to the area could view it as indicative of a healthy local economy.
Average State and Local Income Taxes Per Tax Return in Butler County, OH Over the Last 10 Years
In Butler County, Ohio, the average state and local income taxes per tax return have shown a notable increase over the past decade, nearly doubling from around $5,643.56 in 2012 to roughly $10,189.95 in 2021. This upward trend may indicate rising incomes, shifting tax policies, or possibly a combination of both, presenting potential implications for those investing in property, moving here, or involved in financial planning activities within the county. These changes could influence real estate market dynamics, impact insurance premiums, and alter long-term economic forecasts for local stakeholders.
Average Total Tax Liability Per Tax Return in Butler County, OH Over the Last 10 Years
Over the past decade in Butler County, Ohio, the average total tax liability per tax return has seen consistent growth, culminating at $12,225.84 in 2021, up from $8,761.04 in 2012. This could suggest a trend of increasing incomes or changes in tax policy affecting residents. The sharpest rises appear between 2016 and 2017, and again from 2020 to 2021, both potentially reflecting broader economic factors. For potential homeowners, investors, or those in real estate, this upward movement in tax liability might correlate with an appreciating property market, while appraisers and insurance agents might see this as an indicator of rising asset values in the region.
Cost of Living in Butler County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,540 | $1,408 | $1,858 | $1,778 | $1,433 |
| 1 adult 4 children | $1,540 | $1,149 | $1,429 | $1,778 | $1,559 |
| 2 adults 3 children | $1,540 | $1,150 | $1,608 | $1,778 | $1,189 |
| 1 adult 3 children | $1,540 | $939 | $1,179 | $1,778 | $1,325 |
| 2 adults 2 children | $1,150 | $941 | $1,358 | $1,589 | $945 |
| 1 adult 2 children | $1,150 | $703 | $929 | $1,589 | $974 |
| 2 adults 1 child | $1,150 | $744 | $1,108 | $974 | $873 |
| 1 adult 1 child | $1,150 | $481 | $679 | $974 | $767 |
| 2 adults | $883 | $598 | $858 | $0 | $630 |
| 1 adult | $769 | $326 | $429 | $0 | $506 |
Safety trends & Data
Butler County, Ohio has witnessed a significant drop in property crimes over the past five years, with larceny-theft incidents plummeting from 1450.00 in 2018 to 406.00 in 2022 and burglary rates decreasing from 163.00 to 57.00. Vehicle theft rates have seen some fluctuations, but the overall trend is downward. This improving scenario in property security could be an attractive point for real estate investors, potential homebuyers, and local policymakers looking to capitalize on the county's... Read more
Property Crime Trends in Butler County, OH Over the Last 5 Years
Over the past five years, Butler County, Ohio has seen a notable decrease in most property crimes. Larceny-theft incidents dropped significantly from 1450.0 in 2018 to 406.0 in 2022. Likewise, burglary rates fell from 163.0 to 57.0 over the same period. Vehicle theft has seen fluctuations, but with lower absolute numbers. Crimes like embezzlement and fraud also show downward trends. These data points suggest a generally improving scenario in property security, which might be of interest to real estate investors, residents, and local authorities aiming to understand and leverage these trends for economic and social benefits.
Demographics
Butler County, Ohio showcases intriguing demographic patterns. The adult population reveals a slight edge in female residents over males. When it comes to educational attainment, a significant portion has at least a high school diploma, with considerable representation across all levels of higher education. Examining age distribution, the county appears relatively balanced across various age groups, though there's a notable concentration among those under 10 years and mid-life adults. Racially,... Read more
Race Distribution in Butler County, Ohio (2022)
Educational Attainment in Butler County, Ohio (2022)
Age Distribution in Butler County, Ohio
Citizen Population in Butler County, Ohio (2022)
Political Trends & Data
Butler County, Ohio, indicated a strong conservative leaning in the 2020 Presidential Election, with around 61% of votes favoring the Republican candidate, while the Democratic candidate received about 37%. Third-party candidates barely made a dent, collectively accounting for just over 1% of the vote. This Republican dominance may influence future campaign strategies and resource distribution in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Butler County, Ohio, displayed a noticeable lean towards Republican preferences in the 2020 Presidential Election, with approximately 61% of the votes going to the Republican candidate. In comparison, the Democratic candidate garnered around 37%, indicating a strong conservative inclination. The share for third-party candidates, including Libertarians and others, was minimal, collectively making up just a little over 1% of the total vote. This trend suggests that Butler County could be considered a reliably Republican area, potentially impacting future campaign strategies and resource allocations in the state.
61.26% of voters voted for the Republican party in the 2020 Presidential Election
37.28% of voters voted for the Democrat party in the 2020 Presidential Election
1.17% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
Butler County, Ohio has experienced shifts in its student-to-teacher ratio over the past nine years, peaking at 23 students per teacher in 2020 and adjusting down to 20 by 2023. While still above the national average of 14, this trend may suggest efforts to improve classroom sizes. Such changes could impact property values and demand, indicating a possible boost in family-friendly communities. Real estate agents and appraisers might view this as a sign of potential growth, while insurance... Read more
Student-to-teacher ratio in Butler County, Ohio over the last 9 years
Butler County, Ohio has seen fluctuations in its student-to-teacher ratio over the past nine years, peaking in 2020 at 23 students per teacher and showing a downward adjustment to 20 students per teacher in 2023. Although the ratio is consistently above the national average of fourteen students per teacher, recent trends suggest an effort to improve classroom sizes. For those considering relocating or investing in the area, these ratios could impact property values and demand, indicating the county's investment in education might be gradually improving. Real estate agents and appraisers might see this as a sign of potential growth in family-oriented communities, while insurance agents could leverage these trends in risk assessments.
