Cuyahoga County Real Estate and Livability Trends
Cuyahoga County, Ohio, has experienced a notable rise in home values from $121,800 in 2015 to $168,700 in 2022, still below state and national medians, possibly indicating more affordable entry points for investors. Significant increases in state and local income taxes, along with rising average taxable incomes, suggest growing affluence. Real estate taxes grew from $4,700.08 in 2012 to $8,574.93... Read more
Cuyahoga County Market Trends
Home values in Cuyahoga County, Ohio have seen a steady rise from $121,800 in 2015 to $168,700 in 2022, yet they remain below the Ohio state median and national median, potentially offering more affordable entry points for investors. Residential energy tax credits showed a spike in 2018 at $1500.98 but have stabilized around $450 to $525, reflecting a varied commitment to energy efficiency. Real... Read more
Median Value of Occupied Housing Units in Cuyahoga County, Ohio Over the Last 8 Years
Over the last eight years, median home values in Cuyahoga County, Ohio have experienced a steady upward trend, rising from $121,800 in 2015 to $168,700 in 2022. Interestingly, Cuyahoga County's home values have generally lagged behind the Ohio state median, which grew from $129,900 to $183,300, and the national median, which escalated from $125,500 to $179,400 during the same period. This slower growth in Cuyahoga County might suggest a more affordable entry point for investors or potential homeowners compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Cuyahoga County, OH Over the Last 9 Years
Cuyahoga County, Ohio has seen significant fluctuations in average residential energy tax credits per tax return over the past nine years. Most notably, there was a sharp spike in 2018, reaching $1500.98, which may suggest a surge in energy-efficient home improvements or government incentives during that period. However, the values have stabilized around the $450 to $525 range in the subsequent years. This indicates a growing but variable commitment to energy efficiency, which property stakeholders should account for when considering investments and renovations.
Average Real Estate Taxes Per Tax Return in Cuyahoga County, OH Over the Last 10 Years
Real estate taxes in Cuyahoga County, Ohio have shown a noticeable upward trend over the past decade, climbing from approximately $4,700.08 in 2012 to around $8,574.93 in 2021. This steady increase may be indicative of rising property values and could be a significant consideration for potential investors and property developers. For real estate agents and appraisers, the trend underscores the importance of factoring in higher tax liabilities when evaluating market dynamics and property values in the area. Existing homeowners and prospective buyers should also be aware of the potential for higher tax expenses in their financial planning.
Percentage of Farm Returns in Cuyahoga County, OH Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Cuyahoga County, Ohio, hovered consistently below 0.06%, with slight variations year-to-year. Peak values were seen in 2012 at around 0.05%, while the lowest recorded in 2019 at roughly 0.04%. These returns reflect a consistent, though minor, presence of agricultural activity within the county's economy. This data could hint at limited farming prospects, potentially guiding investment or development decisions away from agriculture-based ventures. Farm tax returns are essentially tax filings that categorize income derived from farming activities, including crop production and livestock raising. For Cuyahoga County, the consistently low percentages suggest that agriculture plays a minimal role in the local economy, which could be important for anyone considering property investments or business opportunities in the region.
Number of Mortgages by Occupancy Type in Cuyahoga County, OH Over the Last 5 Years in Cuyahoga County
Mortgage activity in Cuyahoga County, Ohio over the past five years shows fluctuating trends across different occupancy types. Principal residences dominate mortgage counts, peaking in 2021 with over 75,600 mortgages, though they dipped to approximately 51,600 in 2022. Investment properties also show a notable increase from just over 4,000 in 2018 to more than 6,500 in 2021, before settling around 6,000 in 2022. Second residences remain a minor segment, with less than 800 mortgages yearly. These shifts in occupancy type could indicate varying demand and investment opportunities; for instance, the drop in principal residence mortgages may point to economic factors affecting homebuyers. Conversely, the increase in investment property mortgages might suggest a growing interest in rental markets, pertinent for investors and property developers. Redistributions in these categories matter as they could affect neighborhood stability, property values, and market dynamics, crucial insights for real estate agents, appraisers, and insurance agents.
Economic Outlook
Cuyahoga County, Ohio has seen a significant rise in average taxable income per tax return, increasing from $56,363.90 in 2013 to $81,901.60 in 2021. State and local income taxes have similarly risen, jumping from $8,153.48 in 2012 to $18,442.55 by 2021, potentially indicating higher incomes or tax policy shifts. Average total tax liability per tax return also climbed, reaching $15,653.23 in 2021 from $10,774.24 in 2012. The percentage of people living under the poverty line has generally... Read more
Average Taxable Income per Tax Return in Cuyahoga County, OH over the last 9 years
Over the past nine years, Cuyahoga County, Ohio has seen a marked increase in the average taxable income per tax return. From $56,363.90 in 2013, income levels have steadily risen, with a notable jump to $81,901.60 in 2021. Potential investors and those considering moving to the area might find these figures encouraging, as they could imply a growing and potentially more affluent population. Appraisers, insurance agents, and builders may also find this trend relevant for assessing future property values and market stability.
Average State and Local Income Taxes Per Tax Return in Cuyahoga County, OH Over the Last 10 Years
Cuyahoga County, Ohio has experienced a significant increase in average state and local income taxes per tax return over the last decade. In 2012, the average was around $8,153.48, growing steadily with notable jumps starting in 2018, where the average skyrocketed to $14,327.24, then continued to rise, reaching $18,442.55 by 2021. This trend could be indicative of rising incomes or adjustments in tax policies, which is vital information for investors, real estate agents, and anyone considering moving to or doing business in the area.
Average Total Tax Liability Per Tax Return in Cuyahoga County, OH Over the Last 10 Years
Over the past decade, Cuyahoga County, Ohio has generally seen an increase in average total tax liability per tax return. From $10,774.24 in 2012, it has experienced a noticeable rise, reaching a high of $15,653.23 by 2021. These changes may signal a growing economic base or shifts in taxpayer income levels, making it an area of interest for potential investors, real estate agents, or those considering relocation. Given the trends, understanding the underlying factors contributing to these shifts could provide valuable insights for anyone involved in property appraisals, building, or managing real estate in the region.
Cost of Living in Cuyahoga County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,290 | $1,737 | $1,672 | $1,778 | $1,296 |
| 1 adult 4 children | $1,290 | $1,419 | $1,285 | $1,778 | $1,414 |
| 2 adults 3 children | $1,290 | $1,419 | $1,447 | $1,778 | $1,068 |
| 1 adult 3 children | $1,290 | $1,159 | $1,061 | $1,778 | $1,164 |
| 2 adults 2 children | $994 | $1,162 | $1,223 | $1,589 | $879 |
| 1 adult 2 children | $994 | $868 | $836 | $1,589 | $862 |
| 2 adults 1 child | $994 | $918 | $998 | $974 | $795 |
| 1 adult 1 child | $994 | $593 | $611 | $974 | $675 |
| 2 adults | $816 | $738 | $774 | $0 | $587 |
| 1 adult | $716 | $402 | $387 | $0 | $465 |
Safety trends & Data
Over the past five years in Cuyahoga County, Ohio, property crimes have shown fluctuating trends, with larceny-theft peaking at 2,183.00 cases in 2019 but later decreasing to 1,046.00 by 2021. Motor vehicle thefts rose to 69.00 cases in 2022, while incidents of vandalism and fraud have declined. These trends could potentially impact property risk assessments and marketability for investors, homeowners, and insurance... Read more
Property Crime Trends in Cuyahoga County, OH Over the Last 5 Years
Over the past five years in Cuyahoga County, Ohio, property crimes have shown some fluctuating trends. Burglary and larceny-theft consistently dominate the crime landscape, with larceny-theft peaking at 2,183.00 cases in 2019 but substantially decreasing to 1,046.00 by 2021. Motor vehicle thefts and incidents of arson saw smaller but notable climbs, particularly vehicle theft at 69.00 cases in 2022. Vandalism and fraud saw declining numbers, which could be a positive sign for potential investors and homeowners. For insurance agents and real estate developers, understanding these trends might influence decision-making concerning property risk assessments and marketability.
Demographics
Cuyahoga County, Ohio, displays a near-equal gender split with slightly more females than males. Educational attainment levels suggest a well-educated population, with a notable portion holding bachelor's and graduate degrees. The age distribution reveals a significant young adult demographic, particularly between the ages of 25 and 34. The racial makeup, while predominantly White, also includes a substantial Black or African American population, reflecting moderate racial diversity. These... Read more
Race Distribution in Cuyahoga County, Ohio (2022)
Educational Attainment in Cuyahoga County, Ohio (2022)
Age Distribution in Cuyahoga County, Ohio
Citizen Population in Cuyahoga County, Ohio (2022)
Political Trends & Data
Cuyahoga County, Ohio, showcased a significant Democratic lean in the 2020 U.S. Presidential Election, with around 67% of votes cast for Democrats compared to 32% for Republicans. This trend likely reflects the urban and suburban dynamics of the area, especially since it includes Cleveland. The limited support for third-party candidates indicates a polarized political landscape dominated by the two main... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cuyahoga County, Ohio, leaned heavily towards Democrats in the 2020 U.S. Presidential Election with approximately 67% of the vote, while Republicans garnered around 32%. This Democratic preference might suggest a strong urban and suburban influence, considering Cuyahoga houses Cleveland, a major metropolitan area. Third-party options, including Libertarians and others, made up a minor fraction of the votes, indicating a potential polarization between the two primary parties.
32.40% of voters voted for the Republican party in the 2020 Presidential Election
66.52% of voters voted for the Democrat party in the 2020 Presidential Election
0.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past nine years, Cuyahoga County, Ohio has seen its student-to-teacher ratios fluctuate, consistently staying above the national average of fourteen students per teacher, peaking at nineteen in 2019 and dipping to sixteen in 2021. These shifts might reflect changes in staffing levels or enrollment. For investors and residents, these trends are key as they influence perceptions of school quality and district funding, impacting overall community investment. Lower ratios can mean more... Read more
Student-to-teacher ratio in Cuyahoga County, Ohio over the last 9 years
Over the past nine years, Cuyahoga County, Ohio has experienced fluctuations in its student-to-teacher ratio, consistently remaining above the national average of fourteen students per teacher. Ratios peaked at approximately nineteen students per teacher in 2019 and dipped to about sixteen in 2021. These changes could indicate periods of increased or decreased staffing levels or enrollment changes in the area. For potential investors, real estate agents, and residents, these ratios are significant as they can influence decisions related to school quality, district funding, and overall community investment. Lower ratios often imply more individualized attention for students, which could make the area more attractive to families considering a move. Conversely, higher ratios might signal potential budget constraints or higher enrollment trends.
