Geauga County Real Estate and Livability Trends
Geauga County, Ohio real estate has been on an upward trajectory, with median home values hitting $288,000 in 2022—well above state and national levels. This surge aligns with increased property taxes, which grew from $5,117.14 in 2012 to $8,608.13 in 2021, highlighting rising home values but also higher costs for owners. Residential energy tax credits spiked in 2018, indicating strong... Read more
Geauga County Market Trends
Over the past eight years, median home values in Geauga County, Ohio have risen steadily, reaching $288,000 by 2022, substantially above both state and national medians. The notable spike in residential energy tax credits in 2018 signals significant incentives for energy-efficient home improvements. Real estate taxes have consistently increased, starting from $5,117.14 in 2012 to $8,608.13 in... Read more
Median Value of Occupied Housing Units in Geauga County, Ohio Over the Last 8 Years
Over the past eight years, median home values in Geauga County, Ohio have seen a consistent upward trend, closing at $288,000 in 2022. This places the county well above the state's median value of $183,300 and the national median of $179,400 for the same year. Investors and potential homeowners might find this growth appealing, signaling strong local demand and potentially higher returns on property investments. The steady increase could also suggest a stable and thriving housing market here, which may offer long-term benefits for those planning to settle down or build in the area.
Residential Energy Tax Credit Per Tax Return in Geauga County, OH Over the Last 9 Years
Geauga County, Ohio has seen notable fluctuations in the average residential energy tax credit per tax return over the last nine years, with a significant spike in 2018 at $2,760.00, compared to other years typically averaging below $800.00. This suggests that certain conditions or incentives introduced in 2018 led to a substantial increase in energy tax credits, highlighting a key opportunity for both investors and homeowners looking to understand the potential financial benefits associated with energy-efficient home improvements. Additionally, such variability is critical for appraisers and insurance agents in assessing property values and risks.
Average Real Estate Taxes Per Tax Return in Geauga County, OH Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Geauga County, Ohio have shown a clear upward trajectory. Starting at around $5,117.14 in 2012 and climbing to approximately $8,608.13 by 2021, the consistent increases highlight the rising cost of property ownership in this area. This trend could indicate growing property values, which might be attractive to investors and developers, albeit potentially signaling higher financial commitment for prospective homeowners.
Percentage of Farm Returns in Geauga County, OH Over the Last 10 Years
Over the last decade, Geauga County, Ohio has seen fluctuations in the percentage of farm tax returns filed, generally hovering around 1.6% to 1.7% of total returns. This consistency can indicate a stable agricultural presence in the area, relevant for those considering investments or ventures connected to farming. This measured trend might suggest reliable farmland valuation, potentially beneficial for those eyeing property for agricultural purposes. Farm tax returns specifically highlight income from farming activities and can affect local economic assessments, providing a window into the health and sustainability of farming as a primary industry in the county.
Number of Mortgages by Occupancy Type in Geauga County, OH Over the Last 5 Years in Geauga County
Over the last five years in Geauga County, Ohio, the significant shifts in mortgage counts for different occupancy types offer important insights into market trends. Mortgage counts for principal residences have fluctuated, peaking in 2021 and hitting a low in 2022, which might indicate economic factors or housing market conditions influencing primary home purchases. Investment properties and second residences haven’t shown as much volatility but do reflect minor declines over the same period. These trends matter because a higher prevalence of mortgages for principal residences could point to a stable, resident-focused community, whereas increases in investment property mortgages might signal rising rental markets or speculative buying. For investors, these patterns could guide decisions on whether to buy for resale or rental purposes. Real estate agents, appraisers, and insurance agents need to pay attention to these trends as they can impact property values, insurance risks, and the overall market appeal for prospective buyers.
Economic Outlook
Geauga County, Ohio has consistently increased its average taxable income per tax return from $81,602.41 in 2013 to $123,646.90 in 2021. The significant spikes in 2017 and 2018 may reflect a strengthening local economy. Average state and local income taxes per return jumped to over $14,000 in 2018 and peaked near $19,000 in 2021, hinting at higher incomes or policy changes. The total tax liability has also risen from about $16,552.22 in 2012 to $25,384.84 in 2021, indicating potential economic... Read more
Average Taxable Income per Tax Return in Geauga County, OH over the last 9 years
Geauga County, Ohio has seen a consistent increase in average taxable income per tax return over the last nine years, rising from $81,602.41 in 2013 to $123,646.90 in 2021. Particularly notable are the jumps in 2017 and 2018, with average incomes increasing to $94,970.11 and $106,673.88, respectively. This upward trend may signal a strengthening local economy and could be appealing for prospective investors, homeowners, and real estate professionals, while appraisers and insurers might find this data useful for their valuations and risk assessments.
Average State and Local Income Taxes Per Tax Return in Geauga County, OH Over the Last 10 Years
The average state and local income taxes per tax return in Geauga County, Ohio have shown a noteworthy increase over the last decade. From 2012 to 2017, the amounts fluctuated modestly around $9,000 to $10,000. However, starting in 2018, there was a sharp spike with taxes per return jumping to over $14,000, and peaking in 2021 at nearly $19,000. This suggests a significant increase in tax liability per return, which could be reflective of higher incomes or changes in tax policy. This trend matters for potential investors, property developers, and residents contemplating financial planning, as the rising tax burden could impact disposable income and economic decisions.
Average Total Tax Liability Per Tax Return in Geauga County, OH Over the Last 10 Years
Geauga County, Ohio, has seen a noticeable increase in the average total tax liability per tax return over the past decade. An uptick from about $16,552.22 in 2012 to approximately $25,384.84 in 2021 represents a trend that could be of interest to potential investors and homeowners. The notable spike in 2018 suggests a shift that might correlate with economic developments or policy changes. This steady rise in tax liabilities implies a possibly growing economy or increasing property values, factors crucial for appraisers, real estate agents, and insurance agents to consider.
Cost of Living in Geauga County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,320 | $1,701 | $1,672 | $1,778 | $1,437 |
| 1 adult 4 children | $1,320 | $1,389 | $1,285 | $1,778 | $1,582 |
| 2 adults 3 children | $1,320 | $1,390 | $1,447 | $1,778 | $1,198 |
| 1 adult 3 children | $1,320 | $1,135 | $1,061 | $1,778 | $1,331 |
| 2 adults 2 children | $1,016 | $1,138 | $1,223 | $1,589 | $974 |
| 1 adult 2 children | $1,016 | $850 | $836 | $1,589 | $1,006 |
| 2 adults 1 child | $1,016 | $899 | $998 | $974 | $889 |
| 1 adult 1 child | $1,016 | $581 | $611 | $974 | $778 |
| 2 adults | $835 | $722 | $774 | $0 | $667 |
| 1 adult | $732 | $394 | $387 | $0 | $535 |
Safety trends & Data
Geauga County, Ohio has seen fluctuating property crime trends over the past five years, with larceny-theft dropping from 80.0 incidents in 2018 to just 17.0 in 2022. Burglary numbers remained relatively low, peaking at 12.0 in 2019 and falling to 8.0 by 2022. Fraud incidents slightly increased from 3.0 in 2018 to 6.0 in 2022. Vandalism spiked at 15.0 incidents in 2018 but decreased to 5.0 by 2022. These trends suggest an overall decline in property crimes, potentially making Geauga County more... Read more
Property Crime Trends in Geauga County, OH Over the Last 5 Years
Over the past five years, Geauga County, Ohio has experienced fluctuating property crime trends, with larceny-theft consistently being the most prevalent offense, though it saw a significant drop from 80.0 reported incidents in 2018 to just 17.0 in 2022. Burglary numbers varied but remained relatively low, peaking at 12.0 incidents in 2019 before dropping down to 8.0 by 2022. Notably, fraud incidents showed a slight increase, from 3.0 in 2018 to 6.0 in 2022, indicating a potential area of concern for those considering economic activities in the region. Vandalism crimes spiked in 2018 at 15.0 but trended downward to a low of 5.0 by 2022. These trends suggest an overall decline in property crimes, making the area potentially more attractive to new residents and investors.
Demographics
Geauga County, Ohio shows a nearly balanced gender ratio and a notable emphasis on higher education, with a significant portion holding bachelor's and graduate degrees. The age distribution leans toward middle-aged and senior populations, suggesting possible needs for services tailored to these groups. Racial diversity appears limited, with a predominantly white population and small representations from other racial groups. This demographic layout provides insights into the community's social... Read more
Race Distribution in Geauga County, Ohio (2022)
Educational Attainment in Geauga County, Ohio (2022)
Age Distribution in Geauga County, Ohio
Citizen Population in Geauga County, Ohio (2022)
Political Trends & Data
Geauga County in Ohio leaned heavily towards Republicans in the 2020 U.S. Presidential Election, with Republicans potentially securing just over 60% of the vote. Democrats might have gathered close to 38%, while third parties like the Libertarians appeared to receive under 1%. This distribution hints at a solid Republican preference but also suggests an undercurrent of diverse political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Geauga County in Ohio leaned heavily towards the Republican side in the 2020 U.S. Presidential Election, with Republicans potentially securing just over 60% of the vote. Democrats might have gathered close to 38%, while third parties like the Libertarians appeared to receive a marginal share, under 1%. This distribution suggests a solid Republican preference but also indicates some level of support for alternative parties, hinting at an undercurrent of diverse political perspectives.
60.95% of voters voted for the Republican party in the 2020 Presidential Election
37.84% of voters voted for the Democrat party in the 2020 Presidential Election
0.95% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Geauga County, Ohio, the student-to-teacher ratio has generally spiked over the past nine years, peaking at 18 in 2022 and slightly dropping to 18 in 2023. This higher-than-average ratio, compared to the national average of 14, could signal larger class sizes, impacting families' relocation decisions along with real estate investors' assessments of the local market. This trend might also influence property valuations and insurance rates as increased educational demands shift perceptions of... Read more
Student-to-teacher ratio in Geauga County, Ohio over the last 9 years
The student-to-teacher ratio in Geauga County, Ohio has generally increased over the last nine years, peaking at 18 in 2022 and slightly dropping to 18 in 2023. This higher ratio, compared to the national average of 14 students per teacher, might suggest potentially larger class sizes in local schools. This trend could influence decisions for families considering moving to the area, as well as investors and real estate agents looking to understand local educational infrastructure. For insurance agents and appraisers, increased demand on educational resources might affect property valuations and insurance considerations due to perceived shifts in neighborhood desirability.
