Fayette County Real Estate and Livability Trends
Fayette County, Ohio's real estate market is showing intriguing signs of growth and potential. Average taxable income has jumped from around $41,335.15 in 2013 to $54,986.15 by 2021, possibly increasing the purchasing power in the area. Median home values have climbed to $151,400, indicating strong market interest despite being below state and national medians. Rising investments in... Read more
Fayette County Market Trends
Median home values in Fayette County, Ohio, have steadily increased over the past eight years, peaking at $151,400, with a notable spike in 2022. This rise, despite being lower than the state ($183,300) and national ($179,400) medians, signals strong interest and potential growth. A significant jump in residential energy tax credits, from $381.82 in 2015 to $1,061.54 by 2021, points to increasing... Read more
Median Value of Occupied Housing Units in Fayette County, Ohio Over the Last 8 Years
Over the past eight years, median home values in Fayette County, Ohio, have seen consistent increases, peaking at $151,400. Comparing this to state and national trends, Fayette County's median values have generally been lower, with Ohio's median reaching $183,300 and the national value hitting $179,400 in 2022. Despite this, the rapid 2022 spike in Fayette County's property values signals heightened interest and potential growth, making it an intriguing option for investors and new residents.
Residential Energy Tax Credit Per Tax Return in Fayette County, OH Over the Last 8 Years
Over the past eight years, Fayette County, Ohio has seen a notable increase in the average residential energy tax credit per tax return, particularly since 2015. Starting from $381.82 in 2015, the average values skyrocketed to $812.50 by 2019, topping off at $1061.54 in 2021. This trend could reflect a growing investment in energy-efficient home improvements, which might appeal to investors, homebuyers, and other real estate stakeholders keen on sustainability and cost-saving benefits in the long term.
Average Real Estate Taxes Per Tax Return in Fayette County, OH Over the Last 10 Years
In the last decade, Fayette County, Ohio has seen a notable rise in average real estate taxes per tax return. Starting around $2,091.88 in 2012, there has been a relatively steady increase, culminating in an average tax of approximately $3,345.83 by 2021. This upward trend may indicate a growing property value, making it an intriguing area for potential investors and real estate agents. For those considering building or purchasing property, it's crucial to be aware of these rising taxes, as they could impact overall affordability and insurance evaluations.
Percentage of Farm Returns in Fayette County, OH Over the Last 10 Years
In Fayette County, Ohio, the percentage of farm returns appears to have experienced some fluctuations over the past decade, oscillating between 3.02% and 3.66%. The highest farm return rate was observed in 2014 at approximately 3.66%, while the lowest dipped to around 3.02% in 2020. Although there is a general downward trend with occasional slight upticks, it suggests a modest decline in farm-related tax filings. Investors, property developers, and residents might find these insights useful when considering the agricultural economic landscape of the county. This data could impact decisions regarding long-term investments or development plans in Fayette County.
Number of Mortgages by Occupancy Type in Fayette County, OH Over the Last 5 Years in Fayette County
In terms of mortgage trends in Fayette County, Ohio, principal residences dominate the market with consistent, high mortgage counts over the past five years, showing a notable dip in 2022. Investment properties and second homes represent a much smaller share, yet the investment property segment demonstrates steady, slight increases. Changes in occupancy types can influence local property values, neighborhood dynamics, and market demand. A drop in principal residence purchases, as seen in 2022, might signal shifts in economic factors or buyer preferences, which could affect decisions for investors, movers, appraisers, and real estate agents alike.
Economic Outlook
Average taxable income per tax return in Fayette County, Ohio has climbed from approximately $41,335.15 in 2013 to around $54,986.15 in 2021, suggesting a trend of growing affluence. Meanwhile, state and local income taxes per tax return have shown a more erratic path, with a noticeable rise post-2017 hitting $7,489.66 by 2021. The increasing total tax liability, peaking at $7,350.47 in 2021, hints at economic growth or tax policy changes. These metrics collectively may signal promising... Read more
Average Taxable Income per Tax Return in Fayette County, OH over the last 9 years
The average taxable income per tax return in Fayette County, Ohio has exhibited a steady increase over the past nine years. Starting at approximately $41,335.15 in 2013 and rising to around $54,986.15 in 2021, the upward trend suggests growing affluence in the area. This could indicate promising conditions for real estate investments or new business ventures, as increasing incomes may translate to greater purchasing power. Such economic progression might also impact property valuations and insurance premiums, making it a key point of interest for stakeholders such as appraisers, insurance agents, and potential investors.
Average State and Local Income Taxes Per Tax Return in Fayette County, OH Over the Last 10 Years
Average state and local income taxes per tax return in Fayette County, Ohio have fluctuated over the past decade, with a noticeable increase in recent years. In 2012, the amount was approximately $4677.29, spiking to $5527.46 in 2013. After some fluctuations, a sharper rise is seen post-2017, climbing to $7489.66 by 2021. This upward trend could imply an increasing tax burden, potentially influencing decisions for investors, property appraisers, and those considering relocation.
Average Total Tax Liability Per Tax Return in Fayette County, OH Over the Last 10 Years
The average total tax liability per tax return in Fayette County, Ohio over the last decade shows a generally increasing trend, with some fluctuations. Starting at approximately $6,064.78 in 2012, the tax liability saw peaks and troughs, reaching its highest level at $7,350.47 in 2021. This rise may suggest economic growth or changes in tax policies, and could be relevant for investors or appraisers assessing long-term investments in the area. Insurance agents and real estate professionals might find these figures indicative of the economic climate and potential property values, while potential residents could consider these numbers reflective of local fiscal health.
Cost of Living in Fayette County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,026 | $1,335 | $1,741 | $1,320 | $950 |
| 1 adult 4 children | $1,026 | $1,090 | $1,331 | $1,320 | $1,033 |
| 2 adults 3 children | $1,026 | $1,091 | $1,512 | $1,320 | $767 |
| 1 adult 3 children | $1,026 | $890 | $1,101 | $1,320 | $817 |
| 2 adults 2 children | $807 | $893 | $1,282 | $1,154 | $695 |
| 1 adult 2 children | $807 | $667 | $871 | $1,154 | $635 |
| 2 adults 1 child | $807 | $706 | $1,052 | $615 | $644 |
| 1 adult 1 child | $807 | $456 | $641 | $615 | $528 |
| 2 adults | $655 | $567 | $822 | $0 | $525 |
| 1 adult | $566 | $309 | $411 | $0 | $434 |
Safety trends & Data
Fayette County, Ohio's property crime rates have shown notable fluctuations over the past five years, especially with Larceny-Theft, which peaked at 139 incidents in 2019 but dropped to 95 by 2022. Burglary incidents saw a dramatic drop from 15 in 2018 to just 1 in 2021, although they ticked back up to 8 in 2022. Vandalism cases have remained relatively stable, around the mid-twenties annually. Interestingly, motor vehicle thefts have stayed low and stable throughout this period. This crime... Read more
Property Crime Trends in Fayette County, OH Over the Last 5 Years
Over the last five years, Fayette County, Ohio has seen a fluctuating frequency in property crime rates, with notable variances among different types. Larceny-Theft consistently accounts for the highest number of incidents, peaking at 139 in 2019 and showing a general decline to 95 by 2022. Burglary incidents have decreased significantly, from 15 in 2018 to just 1 in 2021, though they rose again to 8 in 2022. Instances of vandalism have seen minor fluctuations but tend to hover around the mid-twenties annually. Interestingly, the occurrences of motor vehicle theft have remained relatively low and stable. These patterns suggest potential areas for targeted community safety initiatives and could be pertinent for investors and residents assessing the local security landscape.
Demographics
Fayette County, Ohio's demographic trends paint a diverse and intriguing portrait. The adult population is relatively balanced with modestly more females than males. Educational attainment reveals that a significant portion of residents hold a high school diploma, but fewer progress to higher degrees. Age distribution is spread across all ranges, suggesting a stable, multi-generational community. Racial composition shows a predominantly White population, with smaller representations of Black or... Read more
Race Distribution in Fayette County, Ohio (2022)
Educational Attainment in Fayette County, Ohio (2022)
Age Distribution in Fayette County, Ohio
Citizen Population in Fayette County, Ohio (2022)
Political Trends & Data
Fayette County, Ohio leans solidly Republican with the GOP potentially securing around 75% of the vote in the 2020 U.S. Presidential Election. Democrats might have captured only about 24%, and minor parties had minimal impact. This political landscape could suggest a robust conservative influence, with limited interest in third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Fayette County, Ohio leaned heavily Republican in the 2020 U.S. Presidential Election, with the GOP possibly securing around 75% of the vote. Democrats captured approximately 24%, while the remaining votes were scattered among Libertarian and other candidates, though these were minimal. This distribution may indicate a strong conservative base in the area, with limited traction for third parties.
75.11% of voters voted for the Republican party in the 2020 Presidential Election
23.59% of voters voted for the Democrat party in the 2020 Presidential Election
1.05% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
Fayette County, Ohio, has seen a student-to-teacher ratio fluctuating between 18 and 20 over the past nine years, with a peak near 20 in 2020. This figure is notably higher than the national average of 14 students per teacher. Such ratios could impact education quality, which is a critical consideration for families, investors, real estate agents, appraisers, and insurance agents, given its potential influence on property values and insurance risk... Read more
Student-to-teacher ratio in Fayette County, Ohio over the last 9 years
In Fayette County, Ohio, the student-to-teacher ratio has consistently hovered between 18 and 20 over the past nine years, peaking at nearly 20 in 2020 before slightly decreasing in subsequent years. This ratio is notably higher than the national average of 14 students per teacher, potentially impacting the quality of education and student performance due to larger class sizes. Investors, real estate agents, and those looking to move to the area might view this as a crucial factor, particularly when considering the long-term education prospects for families. Additionally, appraisers and insurance agents might find these ratios relevant since educational quality can influence property values and insurance risk assessments.
