Holmes County Real Estate and Livability Trends
In Holmes County, Ohio, there's a notable surge in economic indicators with average taxable income per tax return climbing to $71,046 by 2021 and an increase in median home values from $161,100 in 2015 to $245,800 by 2022. Real estate taxes doubled to $4,985.71 in the same timeframe, suggesting a rise in property values. The county also shows a consistent preference for energy-efficient... Read more
Holmes County Market Trends
Holmes County, Ohio has exhibited significant growth in median home values from $161,100 in 2015 to $245,800 by 2022, outpacing both the state and national averages. Increased residential energy tax credits, rising from $528.57 in 2013 to $2,047.06 by 2021, suggest a strong push towards energy-efficient investments. Average real estate taxes also climbed from $2,684.96 in 2012 to $4,985.71 in... Read more
Median Value of Occupied Housing Units in Holmes County, Ohio Over the Last 8 Years
Holmes County, Ohio has shown consistent growth in median home values over the past eight years, starting from $161,100 in 2015 and reaching $245,800 by 2022. This increase is more robust compared to Ohio's average, where 2022 values are around $183,300, and considerably higher than the national median, which is at $179,400 for the same year. This trend could suggest Holmes County as a potentially rewarding area for property investments, reflecting a healthy real estate appreciation pace that might draw both new residents and investors seeking stronger returns.
Residential Energy Tax Credit Per Tax Return in Holmes County, OH Over the Last 9 Years
Holmes County, Ohio has seen a noticeable rise in average residential energy tax credits per tax return over the past nine years, indicating increased investment in energy-efficient upgrades. Starting at around $528.57 in 2013, the figure jumped to approximately $2,047.06 by 2021. This trend could suggest growing homeowner awareness and governmental incentives towards sustainability and energy efficiency, making it an enticing element for investors, real estate developers, and insurance agents who prioritize energy-efficient properties.
Average Real Estate Taxes Per Tax Return in Holmes County, OH Over the Last 10 Years
Holmes County, Ohio has seen a noticeable increase in average real estate taxes per tax return over the last decade, climbing from approximately $2,684.96 in 2012 to about $4,985.71 in 2021. This upward trend indicates a potentially increasing property value and associated costs, which could be crucial for investors, appraisers, and real estate agents. With such trends, prospective property buyers and current homeowners may need to factor in higher tax costs when evaluating long-term investments and living expenses. It may also be relevant for insurance agents to consider these rising values when assessing coverage needs.
Percentage of Farm Returns in Holmes County, OH Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Holmes County, Ohio has fluctuated slightly but generally maintained a consistent level around 10%. In 2020, there was a noticeable peak at approximately 10.40%, indicating a potential brief surge in agricultural activity or profitability. Farm tax returns reflect the financial health and income levels of local agricultural businesses, offering insights for potential investors, developers, or residents into the economic stability and capacity for growth in the region.
Number of Mortgages by Occupancy Type in Holmes County, OH Over the Last 5 Years in Holmes County
In Holmes County, Ohio, the mortgage landscape over the last five years shows a predominance of principal residence loans compared to investment and second residences. Year-to-year variations indicate a spike in principal residence mortgages in 2020, likely due to market conditions favoring home purchases. The investment property mortgage count is relatively stable but low, suggesting cautious investment trends. Such occupancy type shifts could influence investment decisions, housing market forecasts, and insurance risk assessments. Understanding these trends helps real estate agents, insurance agents, and potential investors gauge demand and tailor their strategies to dynamic market conditions.
Economic Outlook
Holmes County, Ohio has witnessed significant growth in average taxable income per tax return, jumping from around $46,575 in 2013 to approximately $71,046 by 2021, suggesting a potential increase in economic stability and purchasing power. State and local income taxes per tax return have also fluctuated, hitting $14,856.60 by 2021, indicating either rising incomes or changing tax structures. Additionally, the average total tax liability per tax return increased to $9,649.17 in 2021, reflecting... Read more
Average Taxable Income per Tax Return in Holmes County, OH over the last 9 years
Over the last nine years, average taxable income per tax return in Holmes County, Ohio has seen significant growth, jumping from approximately $46,575 in 2013 to around $71,046 in 2021. This steady increase could be appealing to real estate investors and property developers, suggesting a potentially affluent and stable economic environment. For those considering moving to or doing business in Holmes County, this upward trend in income might indicate a community with increasing purchasing power and economic resilience.
Average State and Local Income Taxes Per Tax Return in Holmes County, OH Over the Last 10 Years
Holmes County, Ohio has seen significant fluctuations in average state and local income taxes per tax return over the past decade. Starting at $5901.84 in 2012, the figure has both dipped and soared, climbing to $14856.60 by 2021. Notably, from 2018 onward, there’s been a dramatic and consistent increase, suggesting either rising incomes or changing tax structures. This trend may pique the interest of potential investors, property developers, and real estate agents looking to capitalize on an apparently growing economic base, although it may necessitate closer scrutiny by appraisers and insurance agents evaluating economic risk factors.
Average Total Tax Liability Per Tax Return in Holmes County, OH Over the Last 10 Years
Holmes County, Ohio has seen a general upward trend in the average total tax liability per tax return over the past decade, increasing from $6,791.44 in 2012 to $9,649.17 in 2021. This indicates potentially rising incomes or changes in tax policy affecting residents. Notable jumps occurred between 2014 and 2015, as well as from 2020 to 2021, which may warrant further investigation. These trends could influence decisions for those considering investments, moving, or developing property in the area, as they reflect the financial landscape and potential economic growth.
Cost of Living in Holmes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $978 | $1,383 | $1,932 | $1,320 | $1,068 |
| 1 adult 4 children | $978 | $1,130 | $1,478 | $1,320 | $1,159 |
| 2 adults 3 children | $978 | $1,130 | $1,676 | $1,320 | $862 |
| 1 adult 3 children | $978 | $923 | $1,222 | $1,320 | $927 |
| 2 adults 2 children | $794 | $925 | $1,420 | $1,154 | $777 |
| 1 adult 2 children | $794 | $691 | $966 | $1,154 | $732 |
| 2 adults 1 child | $794 | $731 | $1,165 | $615 | $720 |
| 1 adult 1 child | $794 | $472 | $710 | $615 | $593 |
| 2 adults | $603 | $587 | $909 | $0 | $576 |
| 1 adult | $587 | $320 | $454 | $0 | $502 |
Demographics
In Holmes County, Ohio, the adult population gender ratio is nearly equal, with a slight edge to females. Educationally, the majority of residents have a high school diploma or lower, revealing potential gaps in higher education. The age distribution skews younger, particularly under 10 years old, which might suggest strong family and community roots. Meanwhile, the racial demographic is overwhelmingly White, with very minimal representation from other racial... Read more
Race Distribution in Holmes County, Ohio (2022)
Educational Attainment in Holmes County, Ohio (2022)
Age Distribution in Holmes County, Ohio
Citizen Population in Holmes County, Ohio (2022)
Political Trends & Data
Holmes County, Ohio, has a notable Republican stronghold, with over 83.00% of the 2020 U.S. Presidential Election votes leaning towards the GOP. In stark contrast, the Democratic Party garnered only around 15.00% of the votes, signaling a substantial gap between the two major parties. With third-party votes barely crossing the 1.00% mark, this area appears to have a consolidated conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Holmes County, Ohio, shows a significant leaning towards Republican candidates with over 83% of the vote in the 2020 U.S. Presidential Election. The Democratic Party trailed significantly, capturing just around 15%. The presence of other parties like Libertarian and Green was minimal, making up less than 1% combined. This points to a strong, perhaps growing, Republican base in the county.
83.39% of voters voted for the Republican party in the 2020 Presidential Election
15.40% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% 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
Over the past nine years, Holmes County, Ohio, has seen its student-to-teacher ratio fluctuate, peaking at 19 students per teacher in 2018 and decreasing to about 15 students per teacher by 2023. This trend brings local ratios closer to the national average and may suggest improving educational conditions. Such dynamics could influence decisions by prospective homebuyers, investors in educational properties, and real estate agents while appealing to families seeking personalized learning... Read more
Student-to-teacher ratio in Holmes County, Ohio over the last 9 years
Holmes County, Ohio has experienced a fluctuating student-to-teacher ratio over the past nine years, with a notable peak at 19 students per teacher in 2018 and a gradual decrease to approximately 15 students per teacher by 2023. This brings the county's ratio closer to the current national average of 14 students per teacher, potentially indicating improved educational conditions. Such shifts in the student-to-teacher ratio could influence decisions for those evaluating educational quality, including prospective homebuyers, investors in local education properties, and real estate agents. A lower student-to-teacher ratio may also appeal to families prioritizing a more personalized educational experience for their children, while appraisers and insurance agents might see implications for property values and risk assessments in the area.
