Erie County Real Estate and Livability Trends
Erie County, Ohio has seen a steady rise in median home values, moving from $131,400 in 2015 to $169,400 in 2022, possibly driven by economic growth and higher taxable incomes per tax return, which have increased from $48,757.37 in 2013 to $67,956.34 in 2021. Rising average real estate taxes, hitting $5,905.08 in 2021, could signal higher property values, making the area appealing for potential... Read more
Erie County Market Trends
Erie County, Ohio has witnessed a steady rise in median home values, increasing from $131,400 in 2015 to $169,400 in 2022, although still trailing behind the state and national averages. Significant spikes in residential energy tax credits, particularly peaking at $1,700.00 in 2018, point to a growing investment in energy-efficient home upgrades, potentially attracting eco-conscious buyers. The... Read more
Median Value of Occupied Housing Units in Erie County, Ohio Over the Last 8 Years
Over the past eight years, Erie County, Ohio has seen a steady increase in median home values from $131,400 in 2015 to $169,400 in 2022. This trend reflects significant growth but still lags behind the state of Ohio, where median values rose from $129,900 to $183,300 in the same period. Nationally, home values also saw an uptrend, reaching $179,400 in 2022. For potential investors and homebuyers, Erie County represents a location where housing prices remain comparatively lower than both state and national averages, presenting potential opportunities for more affordable entry points into the market.
Residential Energy Tax Credit Per Tax Return in Erie County, OH Over the Last 9 Years
Erie County, Ohio, has seen a notable fluctuation in residential energy tax credits per tax return over the last nine years. The average credit started at around $290.00 in 2013 and peaked dramatically in 2018 at $1700.00, likely indicating a surge in energy-efficient home upgrades that year. More recently, credits seem to sit at a steadier yet elevated level, like $544.23 in 2021. This trend points to increasing investments in energy efficiency among residents, which could make the area more attractive to environmentally-conscious buyers and investors, potentially driving property values higher. For insurance agents and appraisers, understanding these investments may be crucial when evaluating home improvements and risk factors.
Average Real Estate Taxes Per Tax Return in Erie County, OH Over the Last 10 Years
Erie County, Ohio has seen a notable upward trend in average real estate taxes per tax return over the last decade. Starting at $3,104.59 in 2012, there has been a marked increase, reaching up to $5,905.08 by 2021. This sharp rise, especially between 2017 to 2019, suggests a changing real estate market and possibly increasing property values, making it a point of interest for potential investors, real estate agents, and insurers evaluating the region's economic growth and stability.
Percentage of Farm Returns in Erie County, OH Over the Last 10 Years
In Erie County, Ohio, there has been a noticeable decline in the percentage of farm tax returns over the past decade, dropping from approximately 1.03% in 2012 to about 0.78% in 2021. Farm tax returns primarily reflect income generated from agricultural activities, and this downward trend may suggest shifts in land use, agricultural profitability, or broader economic changes affecting farming. For investors and potential residents, this could signal evolving economic dynamics and perhaps opportunities or challenges in the agribusiness sector in the county.
Number of Mortgages by Occupancy Type in Erie County, OH Over the Last 5 Years in Erie County
Erie County, Ohio shows variability in the number of mortgages across different occupancy types over the last five years. Two noticeable trends are the dominance of principal residence mortgages each year and a slight decline in their numbers from a peak in 2021. Investment property mortgages have seen a relatively stable yet smaller share, with a minor increase in 2022 from previous years. Second residence loans remain the least common but have shown sporadic fluctuations. These changes in occupancy types can influence property valuation, insurance premiums, and investment strategies. For real estate agents, understanding these trends is essential for tailoring services to buyer preferences, while investors might spot opportunities or risks in shifting market dynamics. Appraisers should consider this data to adjust valuations accurately, and for those moving to or living in the area, these trends can indicate broader shifts in community composition or housing availability.
Economic Outlook
Over the past nine years, Erie County, Ohio has seen average taxable income per tax return rise from around $48,757.37 in 2013 to approximately $67,956.34 in 2021, suggesting a potentially stronger economic environment. State and local income taxes have similarly increased, from about $5,646.16 in 2012 to $13,066.37 by 2021, hinting at either higher incomes or policy changes. The average total tax liability per tax return has also climbed, starting at roughly $7,882.10 in 2012 and reaching... Read more
Average Taxable Income per Tax Return in Erie County, OH over the last 9 years
Over the past nine years, Erie County, Ohio has seen a noteworthy increase in average taxable income per tax return, growing from around $48,757.37 in 2013 to approximately $67,956.34 in 2021. This upward trend implies a potentially stronger economic environment and could be attractive to investors and real estate professionals. Those looking to move to the area might be interested in the rise, suggesting a potentially higher standard of living. Appraisers and insurance agents may find this data useful for understanding property values and economic stability.
Average State and Local Income Taxes Per Tax Return in Erie County, OH Over the Last 10 Years
Over the past decade, Erie County, Ohio has seen a significant upward trend in average state and local income taxes per tax return. Beginning at around $5,646.16 in 2012 and experiencing a notable spike to $13,066.37 by 2021, this rise could be indicative of increasing incomes or changes in tax policy. Such trends might interest real estate investors, appraisers, and insurance agents as it may reflect broader economic growth or shifting demographics within the county. These changes also hint at potential long-term value increases for property in the area, an attractive detail for prospective homeowners and investors.
Average Total Tax Liability Per Tax Return in Erie County, OH Over the Last 10 Years
Over the last decade, Erie County, Ohio has seen fluctuations in average total tax liability per tax return, with a notable increase in recent years. In 2012, the liability started at approximately $7,882.10 but climbed to about $10,661.15 by 2021. Midway, significant jumps were observed in 2015 and 2016, likely reflecting economic or policy shifts. This upward trajectory indicates a rising economic profile, appealing to investors and residents considering the long-term financial outlook. Real estate agents and builders might find the trend encouraging, as it hints at increasing property values and potentially robust market growth. Appraisers and insurance agents may also note the implications for property and policy valuations in the area.
Cost of Living in Erie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,110 | $1,420 | $1,997 | $1,483 | $1,153 |
| 1 adult 4 children | $1,110 | $1,159 | $1,528 | $1,483 | $1,246 |
| 2 adults 3 children | $1,110 | $1,160 | $1,732 | $1,483 | $942 |
| 1 adult 3 children | $1,110 | $947 | $1,263 | $1,483 | $1,004 |
| 2 adults 2 children | $912 | $949 | $1,467 | $1,293 | $820 |
| 1 adult 2 children | $912 | $709 | $998 | $1,293 | $779 |
| 2 adults 1 child | $912 | $750 | $1,203 | $678 | $740 |
| 1 adult 1 child | $912 | $485 | $734 | $678 | $605 |
| 2 adults | $731 | $603 | $938 | $0 | $585 |
| 1 adult | $726 | $329 | $469 | $0 | $502 |
Safety trends & Data
Erie County, Ohio has seen a notable decline in property crime over the past five years, particularly in larceny-theft which dropped from 414.00 arrests in 2019 to just 38.00 by 2022. Burglary and vandalism have also decreased, with burglary arrests falling from 37.00 in 2018 to 11.00 by 2022, while motor vehicle theft and fraud remain relatively stable. These trends may interest investors, real estate agents, and insurance agents, as a declining crime rate could make Erie County a more... Read more
Property Crime Trends in Erie County, OH Over the Last 5 Years
Erie County, Ohio has seen some notable shifts in property crime over the past five years. Larceny-Theft consistently had the highest numbers, peaking at 414.00 arrests in 2019 before seeing a significant drop to just 38.00 arrests by 2022. Burglary and vandalism have also seen declines, with burglary arrests dropping from 37.00 in 2018 to 11.00 by 2022, and vandalism seeing a more modest reduction. Interestingly, motor vehicle theft and fraud have stayed relatively stable, suggesting some categories of property crime are more persistent. These trends might matter to investors, real estate agents, and insurance agents as a declining crime rate can potentially make Erie County a more attractive and secure location for property investment and residency.
Demographics
Erie County, Ohio has a fairly balanced gender ratio with a slight female majority. Educational attainment levels show a high proportion of high school graduates, but there is still a significant number of residents who did not finish high school. Age distribution reveals a notable concentration of residents in the 55 to 64-year range, hinting at an aging population. The racial demographics are predominantly White, with other races making up a smaller fraction of the... Read more
Race Distribution in Erie County, Ohio (2022)
Educational Attainment in Erie County, Ohio (2022)
Age Distribution in Erie County, Ohio
Citizen Population in Erie County, Ohio (2022)
Political Trends & Data
In Erie County, Ohio, the 2020 U.S. Presidential Election leaned Republican with about 55% of the vote, while Democrats secured around 43%. This political distribution hints at a competitive yet conservatively inclined landscape, potentially influencing community values and local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Erie County, Ohio, the 2020 U.S. Presidential Election saw a lean toward the Republican Party, which appeared to secure approximately 55% of the vote. The Democratic Party trailed with close to 43%, while other parties, including the Libertarians and smaller groups, garnered minimal support. This distribution suggests a competitive but somewhat skewed political landscape, potentially indicating a stronger conservative presence within the county.
54.94% of voters voted for the Republican party in the 2020 Presidential Election
43.37% 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
0.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
Erie County, Ohio has experienced notable changes in its student-to-teacher ratio, with figures frequently surpassing the national average of fourteen to one. This ratio peaked at over twenty-one in 2022 before slightly decreasing to around twenty in 2023. Such fluctuations could hint at larger class sizes, potentially impacting individualized education, which might be a critical factor for investors and real estate agents evaluating property values. Additionally, appraisers and insurance... Read more
Student-to-teacher ratio in Erie County, Ohio over the last 9 years
Erie County, Ohio has seen fluctuations in its student-to-teacher ratio over the past nine years, with numbers generally surpassing the national average of fourteen students per teacher. The ratio ranged from approximately seventeen in 2014 to a peak of over twenty-one in 2022, before slightly declining to around twenty in 2023. These shifts in student-to-teacher ratios can have substantial implications: higher ratios might indicate larger class sizes, potentially hindering individualized attention and personalized instruction. Investors, real estate agents, and those planning to move to the area might find this information pertinent as it can reflect on the quality of education and influence property values. Appraisers and insurance agents might also consider these ratios when evaluating the desirability and risk associated with properties in the region.
