Hancock County Real Estate and Livability Trends
In Hancock County, Ohio, the average taxable income per tax return has surged from $55,718.32 in 2013 to $78,744.86 in 2021, suggesting economic growth that might appeal to investors. Median home values climbing to $179,600 in 2022 indicate a robust market surpassing state and national averages at times. Real estate taxes have more than doubled, from $2,610.91 in 2012 to $4,982.71 in 2021, likely... Read more
Hancock County Market Trends
Hancock County, Ohio’s median home value growth, hitting $179,600 in 2022, suggests a thriving market that occasionally outpaces both state and national medians. The residential energy tax credit saw a notable spike in 2018 at $2,966.67, hinting at possibilities of temporary incentives or increased energy-efficient adjustments by homeowners. Real estate taxes in the county have more than... Read more
Median Value of Occupied Housing Units in Hancock County, Ohio Over the Last 8 Years
Hancock County, Ohio's median home values have seen a remarkable increase over the past eight years, reaching $179,600 in 2022. This growth trend parallels but occasionally outpaces both Ohio’s state average, which hit $183,300, and the national median of $179,400 in the same year. For those looking to invest, move, or build in Hancock County, this data might suggest persistent demand and a strengthening market relative to broader metrics.
Residential Energy Tax Credit Per Tax Return in Hancock County, OH Over the Last 9 Years
Hancock County, Ohio experienced significant fluctuations in residential energy tax credits per tax return over the last nine years. Notably, there was a sharp increase in 2018, with an average credit of $2,966.67, which may suggest a temporary incentive spike or a large-scale adoption of energy-efficient measures. Following this peak, the figures stabilized, albeit at generally higher levels compared to earlier years, reaching $525.00 in 2020 and $473.58 in 2021. This variability can indicate evolving local policies or changing homeowner behavior toward energy efficiency investments, possibly influenced by market conditions or regulatory changes. These trends could be particularly relevant for real estate developers, investors, and residents assessing the financial benefits of energy-efficient upgrades in the area.
Average Real Estate Taxes Per Tax Return in Hancock County, OH Over the Last 10 Years
In Hancock County, Ohio, average real estate taxes per tax return have shown a steady increase over the past decade, starting from $2,610.91 in 2012 and reaching $4,982.71 in 2021. Significant jumps are particularly noticeable from 2017 onward, with a sharp rise of more than $1,000 between 2017 and 2018. This trend may reflect both rising property values and potential increases in tax rates, making it a key consideration for prospective homeowners, investors, and real estate professionals. This gradual but marked upward trend suggests a strengthening property market but also potentially higher carrying costs for property owners.
Percentage of Farm Returns in Hancock County, OH Over the Last 10 Years
Over the past decade, the percentage of farm returns in Hancock County, Ohio has shown a generally declining trend, starting at approximately 2.62% in 2012 and dropping to around 2.28% by 2021. Notably, there was a slight uptick in farm returns from 2020 to 2021, possibly indicating a renewed interest in agriculture. Understanding farm tax returns in this context helps shine a light on the profitability and economic emphasis on farming in the county, which may be crucial for investors or anyone considering a move to this area. Lower farm returns could be a sign of shifting economic activities or challenges in the farming sector, influencing land use and property development decisions.
Number of Mortgages by Occupancy Type in Hancock County, OH Over the Last 5 Years in Hancock County
Over the last five years in Hancock County, Ohio, there's been a notable fluctuation in mortgage counts by occupancy type. Principal residences consistently dominate with counts peaking in 2020 at 4,903, while investment properties and second residences show much lower volumes. Such disparities could indicate a stable demand for primary homes, attracting investors looking for consistent rental income. A spike or dip in investment property mortgages might suggest shifts in rental market viability or broader economic conditions. This granularity is crucial for investors, real estate agents, and insurance agents to gauge market health and make informed decisions.
Economic Outlook
In Hancock County, Ohio, average taxable income per tax return has surged from $55,718.32 in 2013 to $78,744.86 in 2021, indicating potential for economic expansion and increased attractiveness for investors and developers. State and local income taxes have also risen, reaching $17,170.00 in 2020 before adjusting to $16,061.87 in 2021, which may impact investment decisions. Meanwhile, average total tax liability per tax return saw a rise to $13,430.72 in 2021, possibly driven by broader... Read more
Average Taxable Income per Tax Return in Hancock County, OH over the last 9 years
Over the past nine years, Hancock County, Ohio has seen a general upward trend in average taxable income per tax return. This increase in income, rising from $55,718.32 in 2013 to $78,744.86 in 2021, suggests a promising economic environment, potentially attracting investors and real estate developers. The notable jumps in average taxable income around 2018 and 2020 could indicate surges in local economic activities or investments, thus providing valuable insights for appraisers, insurance agents, and those considering property development or relocation to the area.
Average State and Local Income Taxes Per Tax Return in Hancock County, OH Over the Last 10 Years
Over the last decade, Hancock County, Ohio, has experienced a noticeable increase in average state and local income taxes per tax return. Starting at approximately $6,835.12 in 2012, the numbers have surged, with significant jumps in recent years, peaking at around $17,170.00 in 2020 and slightly adjusting to $16,061.87 in 2021. This trend suggests a growing tax burden which could influence decisions for potential investors, residents, real estate agents, and insurance professionals considering the area.
Average Total Tax Liability Per Tax Return in Hancock County, OH Over the Last 10 Years
Over the past decade, Hancock County, Ohio has seen a notable rise in average total tax liability per tax return. Starting from approximately $8,872.13 in 2012, this figure gradually increased, peaking at around $13,430.72 in 2021. The significant jumps in 2020 and 2021, particularly to over $13,000, likely reflect broader economic changes or local fiscal policies. Potential investors, real estate agents, and current residents should consider these trends when evaluating the economic environment, property values, and financial planning.
Cost of Living in Hancock County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,170 | $1,375 | $1,817 | $1,483 | $1,105 |
| 1 adult 4 children | $1,170 | $1,123 | $1,389 | $1,483 | $1,210 |
| 2 adults 3 children | $1,170 | $1,124 | $1,577 | $1,483 | $907 |
| 1 adult 3 children | $1,170 | $917 | $1,149 | $1,483 | $982 |
| 2 adults 2 children | $905 | $920 | $1,337 | $1,293 | $779 |
| 1 adult 2 children | $905 | $687 | $909 | $1,293 | $739 |
| 2 adults 1 child | $905 | $727 | $1,097 | $678 | $708 |
| 1 adult 1 child | $905 | $470 | $668 | $678 | $598 |
| 2 adults | $709 | $584 | $856 | $0 | $566 |
| 1 adult | $605 | $319 | $428 | $0 | $450 |
Safety trends & Data
Hancock County, Ohio, has experienced fluctuating property crime rates over the past five years, with larceny-theft incidents dropping from 164.00 in 2018 to 103.00 in 2022. However, burglary cases spiked again in 2022 despite a dip in 2019, and fraud incidents have hovered in the mid-20s, hitting a high of 36.00 in 2019. Vandalism and stolen property crimes have stayed low but inconsistent. These trends might shape investment decisions, housing strategies, and insurance... Read more
Property Crime Trends in Hancock County, OH Over the Last 5 Years
Hancock County, Ohio, has seen notable fluctuations in property crimes over the past five years. Larceny-theft numbers have generally decreased from 164.00 incidents in 2018 to 103.00 in 2022, while burglary incidents dipped in 2019 but spiked again in 2022. Fraud cases have varied but remained relatively consistent around the mid-20s, peaking at 36.00 in 2019. Interestingly, cases of vandalism and stolen property crimes have remained low yet sporadic. These trends may inform various stakeholders about the nature and frequency of property crimes in the area, influencing investment decisions, housing market strategies, and insurance assessments.
Demographics
Hancock County, Ohio shows a fairly balanced gender distribution with a similar number of males and females, though females slightly outnumber males. Educationally, the majority of the population has completed high school, and a significant portion has pursued some college education or higher, indicating a relatively well-educated community. Age data suggests a spread across different age groups, with noticeable representation from young children to older adults, hinting at diverse generational... Read more
Race Distribution in Hancock County, Ohio (2022)
Educational Attainment in Hancock County, Ohio (2022)
Age Distribution in Hancock County, Ohio
Citizen Population in Hancock County, Ohio (2022)
Political Trends & Data
Hancock County, Ohio, shows marked conservative tendencies, with Republican candidates potentially securing nearly 68% of the vote in the 2020 U.S. Presidential Election. Democratic candidates possibly managed just over 30%, hinting at a competitive but largely one-sided landscape. Third-party options seemed minimal, collectively earning less than 2%, likely indicating limited alternative political influence in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hancock County, Ohio, displayed a notable trend in the 2020 U.S. Presidential Election, with Republican candidates seemingly commanding a significant lead, possibly securing nearly 68% of the vote. This might suggest strong conservative leanings in the region. Meanwhile, Democratic candidates potentially garnered just over 30%, indicating some level of competition. Third-party candidates, including Libertarians, appeared to make minimal impact with less than 2% of the total votes combined.
67.86% of voters voted for the Republican party in the 2020 Presidential Election
30.32% of voters voted for the Democrat party in the 2020 Presidential Election
1.50% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hancock County, Ohio has seen its student-to-teacher ratio rise from 20 in 2014 to over 24 in 2023, peaking at 23.74 in 2018 and hitting 24.17 in 2023, significantly above the national average of 14. These fluctuations can impact property values and community desirability, influencing decisions for investors, developers, and real estate agents. This data also holds weight for insurance agents and appraisers, as it may indicate shifting school performance, which could affect risk assessments and... Read more
Student-to-teacher ratio in Hancock County, Ohio over the last 9 years
Hancock County, Ohio has experienced considerable fluctuations in its student-to-teacher ratio over the past nine years. While the ratio stood at 20 in 2014, it climbed to over 24 in 2023, peaking at 23.74 in 2018 and again at 24.17 in 2023. This is notably higher than the national average of 14 students per teacher. Such variations in the student-to-teacher ratio are crucial for investors, developers, and real estate agents as they reflect on the quality of education, which can influence property value and community appeal. For insurance agents and appraisers, a higher ratio could imply varying school performance, potentially affecting risk assessments and valuations in the area. For families considering relocation, these figures could be a decisive factor in choosing Hancock County as their new home.
