Henry County Real Estate and Livability Trends
Henry County, Ohio has seen a rise in average taxable incomes per tax return, from $49,621.62 in 2013 to $64,967.93 in 2021, suggesting economic growth. Increased state and local tax liabilities and nearly doubled real estate taxes could impact the cost of living and property carrying costs. Median home values rose from $111,000 in 2015 to $157,500 in 2022, undercutting state and national medians... Read more
Henry County Market Trends
Henry County, Ohio's median home values surged from $111,000 in 2015 to $157,500 in 2022, although still lower than the state and national medians. This could attract investors and new homeowners seeking affordability. Fluctuations in residential energy tax credits, with a peak at $3,266.67 in 2018, suggest a potential focus on energy-efficient improvements in the area. Real estate taxes nearly... Read more
Median Value of Occupied Housing Units in Henry County, Ohio Over the Last 8 Years
Over the past eight years, Henry County, Ohio has seen its median home values rise from $111,000 in 2015 to $157,500 in 2022. While this growth is impressive, Henry County's 2022 median value still lags behind both the state's median of $183,300 and the national median of $179,400. This could suggest a more affordable real estate market in Henry County, potentially offering attractive opportunities for investors and new homeowners looking for value.
Residential Energy Tax Credit Per Tax Return in Henry County, OH Over the Last 9 Years
Henry County, Ohio has seen significant fluctuation in average residential energy tax credits per tax return over the last nine years. While the values started at $415.38 in 2013, they peaked dramatically at $3,266.67 in 2018, indicating a potential boom in energy-saving investments or incentives. Aside from this spike, the average credit generally hovers around $600-$800, showcasing consistent taxpayer engagement in energy-efficient improvements. This pattern could be appealing to investors and homeowners considering Henry County as a region committed to energy sustainability, as well as giving insurance agents a clearer picture of potential property upgrades.
Average Real Estate Taxes Per Tax Return in Henry County, OH Over the Last 10 Years
Henry County, Ohio, has seen a notable upward trend in real estate taxes per tax return over the past decade, starting at roughly $2272.82 in 2012 and nearly doubling to around $3876.47 by 2021. The most significant spikes occurred between 2017 and 2020, with a particularly sharp rise in 2018 and 2019. For potential investors or those looking to build property, these increases suggest a growing market and potentially rising property values, but they also imply higher carrying costs. Real estate agents and appraisers may find this information valuable for advising clients about the long-term financial commitments of owning property in the region. Local residents might be concerned with the steady rise in taxes impacting their annual budgets and financial planning.
Percentage of Farm Returns in Henry County, OH Over the Last 10 Years
Over the last decade, Henry County, Ohio has seen a slight but consistent decrease in the percentage of farm tax returns, starting from 5.86% in 2012 and dipping to 5.07% in 2021. Farm tax returns, which track the financial filings from agricultural businesses, can provide insights into the local agricultural economy's health and land use trends. For investors or potential new residents, a declining proportion of these returns might suggest a gradual shift away from strictly agricultural activities, potentially making room for diverse developments or investments. It’s worth noting for property developers and current residents alike that this information could signal evolving opportunities within the county's economy.
Number of Mortgages by Occupancy Type in Henry County, OH Over the Last 5 Years in Henry County
Henry County, Ohio has seen fluctuating mortgage trends over the last five years, with a noticeable predominance of principal residences. In 2021, there were 1,402 principal residence mortgages, a sharp increase from 936 in 2018. However, second residences have remained marginal, peaking only at 8 mortgages in 2021. Investment properties have seen slight declines, from 45 mortgages in 2021 to 32 in 2022. These trends highlight a strong local focus on personal residency, which may influence property values, insurance risks, and local market dynamics, making it a favorable climate for first-time buyers and primary homeowners. Appraisers and real estate agents may find the principal residence spike crucial in value assessments, while investors should be mindful of the subtle decline in investment property interest.
Economic Outlook
Henry County, Ohio has experienced a significant rise in average taxable income per tax return, climbing from $49,621.62 in 2013 to $64,967.93 in 2021, hinting at a strengthening local economy. The average state and local income taxes per tax return have also increased, from $4,960.71 in 2012 to $10,039.39 in 2021, suggesting a higher cost of living. The average total tax liability per return has likewise grown from $6,717.20 in 2012 to around $8,982.90 in 2021. These trends could affect... Read more
Average Taxable Income per Tax Return in Henry County, OH over the last 9 years
Over the past nine years, Henry County, Ohio has seen a notable increase in average taxable income per tax return. From $49,621.62 in 2013 to $64,967.93 in 2021, the consistent rise suggests a strengthening local economy. This trend could be promising for potential investors and real estate agents eyeing property developments, as well as insurance agents assessing the financial health of their client base. Additionally, those considering moving to Henry County may find this income growth indicative of a more prosperous community.
Average State and Local Income Taxes Per Tax Return in Henry County, OH Over the Last 10 Years
Henry County, Ohio has seen a notable increase in average state and local income taxes per tax return over the past decade. From $4,960.71 in 2012 to a substantial rise to $10,039.39 in 2021, this trend may influence various economic activities and decisions. Potential investors and real estate agents might consider the increasing tax burden when evaluating property values and market attractiveness. Current residents and newcomers could view this as an indication of rising local costs, possibly affecting the cost of living and long-term financial planning in the area. Insurance agents and appraisers might also factor in these rising costs when assessing risk and property value trends.
Average Total Tax Liability Per Tax Return in Henry County, OH Over the Last 10 Years
Henry County, Ohio has seen a notable increase in average total tax liability per tax return over the last decade, rising from approximately $6,717.20 in 2012 to around $8,982.90 in 2021. While there have been fluctuations, such as a dip to about $7,145.90 in 2019, the general trend points towards a rising tax burden. This could be a relevant consideration for potential investors, real estate agents, and those looking to move into the area, signaling possible growth in property values or shifts in local economic conditions.
Cost of Living in Henry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,053 | $1,271 | $1,772 | $1,320 | $979 |
| 1 adult 4 children | $1,053 | $1,038 | $1,354 | $1,320 | $1,070 |
| 2 adults 3 children | $1,053 | $1,038 | $1,538 | $1,320 | $792 |
| 1 adult 3 children | $1,053 | $848 | $1,120 | $1,320 | $857 |
| 2 adults 2 children | $794 | $850 | $1,304 | $1,154 | $706 |
| 1 adult 2 children | $794 | $635 | $886 | $1,154 | $654 |
| 2 adults 1 child | $794 | $672 | $1,070 | $615 | $659 |
| 1 adult 1 child | $794 | $434 | $652 | $615 | $543 |
| 2 adults | $703 | $540 | $836 | $0 | $556 |
| 1 adult | $552 | $294 | $418 | $0 | $447 |
Safety trends & Data
Henry County, Ohio has seen significant shifts in property crime trends over the last five years, with a notable spike in burglary arrests in 2020 reaching 16, before dropping to 4 in 2022. Larceny-theft incidents peaked at 41 in 2019 but decreased to 24 by 2022. Vandalism arrests have been on a gradual rise, hitting a high of 19 in 2021. These fluctuations could indicate changing criminal behavior or shifts in law enforcement focus, key factors for potential investors and residents evaluating... Read more
Property Crime Trends in Henry County, OH Over the Last 5 Years
Henry County, Ohio has seen notable fluctuations in property crime over the last five years, with peaks and declines in various categories. Burglary arrests spiked in 2020 to 16 before dropping to 4 in 2022, while larceny-theft incidents remained relatively high, reaching a peak of 41 in 2019 and then seeing a decline to 24 by 2022. Vandalism arrests have gradually increased, with a high of 19 in 2021. These trends could imply changing criminal behavior or shifts in law enforcement focus, essential insights for potential investors, property developers, and residents evaluating the safety and security of the area.
Demographics
Henry County, Ohio, maintains a relatively balanced adult population with slight female predominance. Educational attainment reveals a strong inclination towards high school diplomas, while college degrees appear much less prevalent. The age distribution shows a larger contingency in the 55 to 64 bracket than in younger segments. The racial composition is predominantly White, with minimal representation from other racial groups, indicating limited racial diversity in the area. These trends may... Read more
Race Distribution in Henry County, Ohio (2022)
Educational Attainment in Henry County, Ohio (2022)
Age Distribution in Henry County, Ohio
Citizen Population in Henry County, Ohio (2022)
Political Trends & Data
Henry County, Ohio, tends to lean heavily Republican, as evidenced by the 2020 U.S. Presidential Election where about 71% voted Republican compared to 28% Democratic. The limited support for third parties, such as the Libertarians at just over 1%, indicates that voters in this area align primarily with the major parties, potentially influencing local policy and real estate investment trends. Understanding these political dynamics can be critical for gauging future market behaviors and aligning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Henry County, Ohio, saw a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with approximately 71% of the votes. Democrats captured roughly 28%, while Libertarians garnered just over 1%. The presence of other parties like the Green party was negligible. These results suggest a possible trend of Republican dominance in this region, although the relatively low support for alternative parties might reflect a lack of viable third-party candidates or voter alignment with major party platforms.
70.98% of voters voted for the Republican party in the 2020 Presidential Election
27.51% of voters voted for the Democrat party in the 2020 Presidential Election
1.19% of voters voted for the Livertarian party in the 2020 Presidential Election
0.33% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Henry County, Ohio has varied between 13 and 16 over the past nine years, with a notable low of around 13 in 2021, which is below the national average of 14. This suggests smaller class sizes that might offer more personalized instruction, making the area attractive to families prioritizing education. Even recent increases to 14 still present favorable conditions compared to the national average, potentially impacting real estate decisions and enhancing the... Read more
Student-to-teacher ratio in Henry County, Ohio over the last 9 years
The student-to-teacher ratio in Henry County, Ohio has shown noticeable fluctuations over the past nine years, with ratios ranging from about 13 to 16 students per teacher. In 2021, the ratio dropped to around 13, which is below the national average of 14 students per teacher. This trend might indicate smaller class sizes recently, potentially offering more personalized instruction and a better educational experience, which could influence family decisions on moving to the area. However, recent increases towards 14 students per teacher still reflect a favorable setting compared to the national average. This data might be particularly compelling for real estate agents, investors, and families considering long-term residential decisions based on the quality of education.
