Hamilton County Real Estate and Livability Trends
Hamilton County, Ohio has seen substantial growth in both income and tax liabilities, with average taxable income per tax return jumping from $64,243.78 in 2013 to $100,748.96 by 2021. This economic uptick is mirrored by a significant rise in average home values, climbing from $142,000 in 2015 to $205,000 in 2022. Simultaneously, local real estate taxes have surged to approximately $9,019.10 in... Read more
Hamilton County Market Trends
Hamilton County, Ohio has seen a robust rise in median home values, jumping from $142,000 in 2015 to $205,000 in 2022, outpacing state and national growth rates. The average residential energy tax credit surged significantly in 2018 to approximately $2,656.94 before stabilizing at around $880.62 in 2021, potentially reflecting broader adoption of energy-efficient investments. Real estate taxes... Read more
Median Value of Occupied Housing Units in Hamilton County, Ohio Over the Last 8 Years
Hamilton County, Ohio has experienced a robust increase in median home values over the past eight years, jumping from $142,000 in 2015 to $205,000 in 2022. This growth rate outpaces both the state of Ohio, which rose from $129,900 to $183,300 over the same period, and the national trend, which climbed from $125,500 to $179,400. For potential investors, relocating individuals, or residents, this trend could indicate a thriving real estate market and rising property value in Hamilton County relative to other areas.
Residential Energy Tax Credit Per Tax Return in Hamilton County, OH Over the Last 9 Years
Hamilton County, Ohio has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years. Starting at approximately $369.74 in 2013, the credit rose steadily until 2017, when it reached around $715.34. The most striking increase occurred in 2018, surging to about $2,656.94, suggesting a significant uptake in energy-efficient investments. Post-2018, the values normalized somewhat, though remained elevated compared to earlier years, with 2021 averaging around $880.62. These trends may reflect broader adoption of energy-efficient technologies or varying governmental incentives in different years—important factors for anyone considering investments or developments related to residential energy efficiency in the county.
Average Real Estate Taxes Per Tax Return in Hamilton County, OH Over the Last 10 Years
Over the past decade, Hamilton County, Ohio has experienced a noticeable rise in average real estate taxes per tax return, increasing from approximately $4,286.76 in 2012 to around $9,019.10 in 2021. This steady uptick may reflect broader trends in property value appreciation and local tax rate adjustments. Prospective homeowners, investors, and real estate professionals should be aware of these escalating costs when considering the financial landscape of the area. Higher property taxes could also influence insurance premiums and overall affordability, impacting decisions related to property purchases, appraisals, and real estate investments in the region.
Percentage of Farm Returns in Hamilton County, OH Over the Last 10 Years
Over the last decade in Hamilton County, Ohio, the percentage of farm tax returns has modestly declined from approximately 0.20% in 2012 to about 0.14% in 2021. Farm tax returns represent the financial documentation submitted by agricultural businesses and farms to report income and expenses. This trend may suggest a gradual decrease in the number of active farm operations or a diversification of income streams among farmers. For those looking to invest in or develop property in the county, the declining farm return rates could indicate shifting economic landscapes and potential opportunities in non-agricultural sectors.
Number of Mortgages by Occupancy Type in Hamilton County, OH Over the Last 5 Years in Hamilton County
Hamilton County, Ohio has seen fluctuations in mortgage counts over the last five years, particularly in the principal residence category which peaked at 58,083 in 2021 before dipping to 36,191 in 2022. Investment properties saw a rise from 3,061 in 2018 to 4,599 in 2021, followed by a slight decrease to 3,943 in 2022. Second residences remained relatively stable but experienced a slight decline in recent years. Such trends might indicate shifting housing preferences or economic conditions, which could affect property values and investment opportunities in the area. These dynamics are crucial for investors, appraisers, and real estate professionals who need to adapt their strategies to current market conditions.
Economic Outlook
Hamilton County, Ohio has experienced a significant rise in average taxable income per tax return, climbing from $64,243.78 in 2013 to $100,748.96 by 2021, suggesting a potentially strengthening local economy. Simultaneously, average state and local income taxes per tax return have surged from $8,676.06 in 2012 to $20,261.60 by 2021, reflecting possible shifts in income levels or tax rates. Additionally, the average total tax liability per tax return has risen from $12,796.13 in 2012 to... Read more
Average Taxable Income per Tax Return in Hamilton County, OH over the last 9 years
Hamilton County, Ohio has seen a notable uptick in average taxable income per tax return over the last nine years. From $64,243.78 in 2013, it has climbed steadily, hitting $100,748.96 by 2021. A particularly sharp increase occurred between 2017 and 2018, from $74,221.66 to $80,774.26—indicative perhaps of economic shifts. This upward trend could suggest a strengthening local economy, potentially bolstering property values and offering promising opportunities for investors, real estate agents, and new residents eyeing the area.
Average State and Local Income Taxes Per Tax Return in Hamilton County, OH Over the Last 10 Years
Over the last decade in Hamilton County, Ohio, there's been a noticeable surge in average state and local income taxes per tax return. Starting at $8,676.06 in 2012 and gradually increasing to $20,261.60 by 2021, these figures suggest potential shifts in income levels, tax rates, or both. This steady upward trend may impact decisions for those considering investment, relocation, or property development, implying higher returns or costs associated with local income brackets. For appraisers and insurance agents, it could signify changes in property values and associated risks. Real estate agents might find this useful for advising clients on financial expectations when moving to or investing in the region.
Average Total Tax Liability Per Tax Return in Hamilton County, OH Over the Last 10 Years
Over the last decade, Hamilton County, Ohio has seen a notable increase in the average total tax liability per tax return, starting at approximately $12,796.13 in 2012 and rising to around $20,493.72 by 2021. This trend may suggest continuously growing economic activity and possibly rising incomes in the area. The sharp increase observed in recent years, particularly from 2020 to 2021, potentially indicates significant economic changes or shifts in local tax policies. This upward trend in tax liability could be crucial for investors, property developers, and insurance agents when assessing the financial landscape and growth trajectory of the county.
Cost of Living in Hamilton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,395 | $1,476 | $1,858 | $1,778 | $1,323 |
| 1 adult 4 children | $1,395 | $1,205 | $1,429 | $1,778 | $1,430 |
| 2 adults 3 children | $1,395 | $1,206 | $1,608 | $1,778 | $1,086 |
| 1 adult 3 children | $1,395 | $984 | $1,179 | $1,778 | $1,192 |
| 2 adults 2 children | $1,041 | $987 | $1,358 | $1,589 | $880 |
| 1 adult 2 children | $1,041 | $737 | $929 | $1,589 | $869 |
| 2 adults 1 child | $1,041 | $780 | $1,108 | $974 | $802 |
| 1 adult 1 child | $1,041 | $504 | $679 | $974 | $687 |
| 2 adults | $799 | $627 | $858 | $0 | $572 |
| 1 adult | $697 | $342 | $429 | $0 | $456 |
Safety trends & Data
In Hamilton County, Ohio, property crime has been on a notable downward trend over the past five years, especially with significant reductions in larceny-theft and burglary incidents. Larceny-theft arrests dropped from 4,120 in 2018 to 1,999 in 2022, while burglary arrests fell from 610 to 384 in the same timeframe. Declines in vandalism and motor vehicle theft have been slower but still present. The stability in arson and embezzlement rates might indicate relatively low risk for these crimes.... Read more
Property Crime Trends in Hamilton County, OH Over the Last 5 Years
In Hamilton County, Ohio, property crime has shown a downward trend over the last five years, with significant reductions in incidents of larceny-theft and burglary. Larceny-theft arrests have notably decreased from 4,120 in 2018 to 1,999 in 2022, while burglary arrests dropped from 610 to 384 in the same period. Vandalism and motor vehicle theft numbers have also seen declines but at a somewhat slower pace. Conversely, arson and embezzlement rates have remained relatively low and stable. These trends could suggest improved security measures or economic conditions, making the area potentially more attractive for real estate investment and development.
Demographics
Hamilton County, Ohio, shows a slightly higher female population compared to males. Educational attainment trends suggest a relatively balanced spread across high school graduates, some college experience, and bachelor's degrees, with a notable number of individuals holding graduate or professional degrees. Age distribution reflects a significant proportion of residents in the 25 to 34-year age group, indicating a young adult skew. The racial makeup primarily comprises White residents, followed... Read more
Race Distribution in Hamilton County, Ohio (2022)
Educational Attainment in Hamilton County, Ohio (2022)
Age Distribution in Hamilton County, Ohio
Citizen Population in Hamilton County, Ohio (2022)
Political Trends & Data
Hamilton County, Ohio showed a lean toward the Democratic party in the 2020 U.S. Presidential Election, with around 57.1% of the vote, while Republicans captured about 41.3%. Libertarians held a minimal 1.2%, signaling limited third-party influence. This voting trend might suggest shifting political dynamics or a solidifying Democratic base in this pivotal... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hamilton County, Ohio appears to have leaned toward the Democratic party in the 2020 U.S. Presidential Election, with an estimated 57.1% of the vote. Republicans seemed to hold a smaller share at approximately 41.3%, and Libertarians garnered a marginal 1.2%. Other parties made up an insignificant portion, reflecting a landscape where third-party influence was minimal. This voting trend may suggest a shift or stronghold in the political landscape of this key county.
41.28% of voters voted for the Republican party in the 2020 Presidential Election
57.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.21% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hamilton County, Ohio, has seen its student-to-teacher ratio swing from a low of 15 in 2020 to a high of 25 in 2023, significantly above the national average of 14. These fluctuations are crucial for investors, families, and education-focused professionals, influencing decisions and reflecting the educational environment's impact on property values and community appeal. Larger class sizes could affect educational quality and teacher workload, serving as a key indicator for real estate agents... Read more
Student-to-teacher ratio in Hamilton County, Ohio over the last 9 years
Hamilton County, Ohio, has witnessed a fluctuating student-to-teacher ratio over the past nine years, reaching as high as 25 in 2023, from a lower point of 15 in 2020. Comparatively, the area's recent ratios are well above the national average of 14 students per teacher. Such changes in ratios could influence decisions for potential investors, families considering relocation, and education-focused professionals. Higher ratios may suggest larger class sizes, potentially impacting educational quality and teacher workload, while also serving as a key indicator for real estate agents, appraisers, and those in the housing market, reflecting the educational environment's possible impact on property values and community appeal.
