Delaware County Real Estate and Livability Trends
In Delaware County, Ohio, average taxable income per tax return rose from about $98,143.73 in 2013 to around $142,472.34 in 2021, reflecting local economic vitality. Home values have surged to $393,000, significantly above state and national medians, making it a promising market for investors. There’s been a notable increase in residential energy tax credits and real estate taxes per tax... Read more
Delaware County Market Trends
Delaware County, Ohio has seen a notable rise in median home values over the past 8 years, reaching $393,000 in 2022, far surpassing Ohio’s median of $183,300 and the national median of $179,400. This indicates a potentially robust local market with strong investment potential. Residential energy tax credits in the county spiked dramatically in 2018 to $3,531.58 and have generally increased... Read more
Median Value of Occupied Housing Units in Delaware County, Ohio Over the Last 8 Years
Delaware County, Ohio has seen a significant rise in median home values over the past 8 years, reaching $393,000 in 2022. This growth is particularly compelling when compared to the overall state of Ohio, where the median hit $183,300 in 2022, and the national median of $179,400 for the same year. Such a marked increase suggests Delaware County may offer strong investment potential and a dynamic real estate market, outpacing both state and national trends consistently.
Residential Energy Tax Credit Per Tax Return in Delaware County, OH Over the Last 9 Years
Over the past nine years, Delaware County, Ohio has seen significant fluctuations in the average residential energy tax credit per tax return. Notably, 2018 experienced a dramatic leap to $3,531.58, far surpassing other years. From 2019 onwards, there has been a marked increase, with 2021 showing an average of $1,034.80. These trends might reflect growing investment in energy-efficient home improvements and increasing governmental incentives.
Average Real Estate Taxes Per Tax Return in Delaware County, OH Over the Last 10 Years
Delaware County, Ohio has seen a significant upward trend in average real estate taxes per tax return over the past decade, starting around $5,706.44 in 2012 and increasing to approximately $9,614.57 by 2021. This consistent rise, particularly notable from 2016 onward, may indicate a combination of increased property values and higher tax rates, potentially impacting homeowner affordability and investment returns. Given this trajectory, prospective buyers, investors, appraisers, and real estate agents should consider these tax increases when evaluating the long-term financial landscape and property appeal in Delaware County.
Percentage of Farm Returns in Delaware County, OH Over the Last 10 Years
Over the last decade, Delaware County, Ohio has seen a gradual decrease in the percentage of farm tax returns, dropping from around 0.84% in 2012 to approximately 0.60% in 2021. Farm tax returns generally reflect the financial filings of individuals or businesses involved in agricultural activities and can serve as an indicator of the health and presence of farming within the county. This decline may reflect a shift away from traditional farming, impacts of urban development, or changes in agricultural viability that could be relevant for investors, developers, and new residents. Understanding these trends may help in assessing long-term land use planning and property investment opportunities in the region.
Number of Mortgages by Occupancy Type in Delaware County, OH Over the Last 5 Years in Delaware County
In Delaware County, Ohio, the number of mortgages for principal residences has consistently dwarfed those for investment and second properties over the last five years. Notably, a sharp decline in principal residence mortgages was observed from 2020 to 2022. Changes in the occupancy type of mortgages can signal shifts in housing demand, economic stability, and potential investment opportunities. For investors, fewer principal residence mortgages might hint at increasing rental property demand. Real estate agents and appraisers could leverage this data to better understand market dynamics and inform clients accordingly, while builders and developers might see potential in diversifying housing projects based on these evolving trends.
Economic Outlook
In Delaware County, Ohio, the average taxable income per tax return has shown a consistent upward trend, increasing from around $98,143.73 in 2013 to approximately $142,472.34 in 2021. This growth hints at a thriving local economy, attracting investors and relocating families. Concurrently, state and local income taxes per tax return have risen notably, from approximately $9,385.71 in 2012 to around $16,562.69 by 2021, likely due to economic shifts or policy changes. This upward trend is... Read more
Average Taxable Income per Tax Return in Delaware County, OH over the last 9 years
In Delaware County, Ohio, the average taxable income per tax return has shown a consistent upward trend over the last nine years, increasing from around $98,143.73 in 2013 to approximately $142,472.34 in 2021. This steady growth indicates a potentially thriving local economy, making the area attractive for investors, relocators, real estate agents, and those involved in property development and insurance. For residents, this trend might reflect higher earning potentials and an improving standard of living, while appraisers might consider this financial growth when assessing property values.
Average State and Local Income Taxes Per Tax Return in Delaware County, OH Over the Last 10 Years
Delaware County, Ohio has seen a notable increase in average state and local income taxes per tax return over the past decade, with figures jumping from approximately $9,385.71 in 2012 to around $16,562.69 by 2021. The rise starting from 2018 is particularly steep, suggesting significant economic shifts or policy changes affecting tax burdens. This trend may influence decisions for potential investors, homeowners, and real estate agents, as well as the strategies of appraisers and insurance agents working within the county. Higher taxes could reflect increased local investments or higher resident incomes, offering nuanced insights for those considering engaging with the Delaware County property market.
Average Total Tax Liability Per Tax Return in Delaware County, OH Over the Last 10 Years
Over the past decade, Delaware County, Ohio has experienced a notable upward trend in average total tax liability per tax return, with figures rising from approximately $18,344.00 in 2012 to around $28,865.73 in 2021. This trend could be indicative of various factors such as increases in property values, income levels, or local tax rates. For those involved in real estate, investment, or insurance, these changes suggest a potentially higher financial commitment and could influence decisions on property development, appraisals, and coverage. It’s worthwhile to keep an eye on these figures as they can impact long-term financial planning and market positioning.
Cost of Living in Delaware County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,630 | $1,548 | $1,752 | $1,778 | $1,537 |
| 1 adult 4 children | $1,630 | $1,264 | $1,347 | $1,778 | $1,664 |
| 2 adults 3 children | $1,630 | $1,265 | $1,517 | $1,778 | $1,273 |
| 1 adult 3 children | $1,630 | $1,033 | $1,112 | $1,778 | $1,425 |
| 2 adults 2 children | $1,329 | $1,035 | $1,281 | $1,589 | $1,057 |
| 1 adult 2 children | $1,329 | $773 | $876 | $1,589 | $1,108 |
| 2 adults 1 child | $1,329 | $818 | $1,045 | $974 | $955 |
| 1 adult 1 child | $1,329 | $529 | $640 | $974 | $877 |
| 2 adults | $1,076 | $657 | $810 | $0 | $714 |
| 1 adult | $962 | $359 | $405 | $0 | $587 |
Safety trends & Data
Property crime rates in Delaware County, Ohio, have seen a significant decrease over the last five years, creating a safer environment. Burglary cases dropped from 28 in 2018 to just 3 in 2022, while larceny-theft incidents fell from 371 to 146 over the same period. This reduction in crime could be attractive for investors, homeowners, and real estate agents, suggesting improved security and a more appealing... Read more
Property Crime Trends in Delaware County, OH Over the Last 5 Years
Over the last five years, Delaware County, Ohio, has seen a notable decline in property crimes. Arson incidents remain minimal at a consistent 1 per year, while burglary cases have plummeted from 28 in 2018 to just 3 in 2022. Larceny-theft, although still the most frequent property crime, decreased significantly from 371 in 2018 to 146 in 2022. Vandalism and fraud have also shown a downward trend, indicative of improved security and preventive measures. For investors, homeowners, and real estate agents, this reduced property crime rate could signal a safer, more appealing community.
Demographics
Delaware County, Ohio, is characterized by a slightly higher female adult population, with females marginally outnumbering males. The educational landscape shows a strong leaning towards higher education, with nearly half of the population holding a bachelor's degree or higher. Educational attainment correlates with age distribution, where a significant portion of residents are in their prime working years, particularly those aged 35 to 44 and 45 to 54. The county's racial composition is... Read more
Race Distribution in Delaware County, Ohio (2022)
Educational Attainment in Delaware County, Ohio (2022)
Age Distribution in Delaware County, Ohio
Citizen Population in Delaware County, Ohio (2022)
Political Trends & Data
Delaware County, Ohio displayed a trend of leaning towards Republican candidates in the 2020 U.S. Presidential Election, with around 53% of the votes cast in their favor. On the Democratic side, candidates captured approximately 46% of the vote. This political climate might influence future local policies and election outcomes, hinting at a potentially consistent lean towards conservative preferences in upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Delaware County, Ohio, the 2020 U.S. Presidential Election showed a noticeable preference for Republican candidates, with about 53% of the votes. Democrats garnered approximately 46%, while third-party options like Libertarian and Other were minimal, contributing only around 1-2% of the vote. This trend may reflect the county's political leaning, which could have implications for future elections.
52.63% of voters voted for the Republican party in the 2020 Presidential Election
45.80% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Delaware County, Ohio has mostly been around 19 students per teacher, spiking to nearly 25 in 2018. This higher ratio compared to the national average of 14 might suggest larger class sizes, possibly affecting the quality of education and individual student attention. For families, this could be a factor when considering a move. Real estate agents and developers might see shifts in demand based on perceived educational quality, while appraisers and insurance... Read more
Student-to-teacher ratio in Delaware County, Ohio over the last 9 years
The student-to-teacher ratio in Delaware County, Ohio has generally hovered around 19 students per teacher over the last nine years, with a notable spike to nearly 25 in 2018. Compared to the national average of 14 students per teacher, Delaware County's higher ratios could suggest larger class sizes, potentially impacting the quality of education and the degree of individual attention each student receives. For families considering a move, this might be a consideration when evaluating local school districts. Real estate agents and property developers could see shifts in demand based on perceptions about educational quality. For appraisers and insurance agents, understanding these dynamics can help better assess community profiles and associated risks.
