Knox County Real Estate and Livability Trends
Knox County, Ohio has experienced a noticeable rise in median home values from $132,500 in 2015 to $197,400 in 2022, surpassing both Ohio and national averages. Residential energy tax credits significantly increased, suggesting a strong homeowner focus on energy efficiency. Real estate taxes per tax return have also seen a significant uptick from $2,590.03 in 2012 to $4,603.03 in 2021, implying... Read more
Knox County Market Trends
Knox County, Ohio has seen a brisk increase in median home values, jumping from $132,500 in 2015 to $197,400 in 2022, outpacing both Ohio and national averages. Residential energy tax credits surged from an average of $412.86 in 2013 to $3,112.50 in 2018, suggesting robust investments in energy efficiency among homeowners. Real estate taxes per tax return have also risen significantly from... Read more
Median Value of Occupied Housing Units in Knox County, Ohio Over the Last 8 Years
Over the past eight years, Knox County, Ohio has experienced a compelling increase in median home values, jumping from $132,500 in 2015 to $197,400 in 2022. This growth rate could be seen as brisker when compared to both Ohio and national levels. The state of Ohio saw its median home values rise from $129,900 to $183,300 in the same period, while the national values went from $125,500 to $179,400. For those considering investment, building or moving to Knox County, this trend may suggest a strong local housing market which might outperform broader state and national averages.
Residential Energy Tax Credit Per Tax Return in Knox County, OH Over the Last 9 Years
Knox County, Ohio has seen a noticeable increase in residential energy tax credits per tax return over the past nine years. While the average credit in 2013 was a modest $412.86, it surged dramatically to $3,112.50 in 2018. More recently, between 2019 and 2021, values hover in the $1,153.13 to $1,413.89 range. This trend may indicate growing investments in energy efficiency among homeowners, suggesting favorable conditions for property improvements and energy-efficient investments.
Average Real Estate Taxes Per Tax Return in Knox County, OH Over the Last 10 Years
Over the past decade, Knox County, Ohio has seen a steady increase in average real estate taxes per tax return. Starting at $2,590.03 in 2012, the figure has risen markedly to $4,603.03 by 2021. Significant jumps are observed in 2018 and 2019, which could reflect changes in property values or tax policies. These rising tax amounts suggest potential buyers and investors need to account for higher carrying costs, while current homeowners might see an impact on their long-term expenses. For appraisers and insurance agents, understanding these trends helps in providing accurate valuations and policies tailored to the local financial landscape.
Percentage of Farm Returns in Knox County, OH Over the Last 10 Years
Over the last decade, Knox County, Ohio has seen stable but slight fluctuations in the percentage of farm returns, hovering around 4.2% to 4.6%. This relatively consistent trend might indicate steady agricultural activity despite varying economic conditions. For potential investors or new residents, this steady agricultural engagement suggests a strong foundation in local farming, which could be pivotal for rural development projects or agribusiness ventures. Understanding the nuances of farm tax returns—essentially tax filings specific to farming income and expenses—can provide insights into the financial health and viability of the farming community in the region. The consistency in these returns may also signal a dependable, resilient local economy pivotal for investment and long-term planning.
Number of Mortgages by Occupancy Type in Knox County, OH Over the Last 5 Years in Knox County
In Knox County, Ohio, mortgage activity for principal residences has seen notable fluctuations over the past five years, peaking in 2020 with 3,878 mortgages and dropping significantly to 2,695 in 2022. Investment property mortgages also slightly fluctuated but generally remained stable, while second residence mortgages consistently stayed below 200 annually. These shifts in occupancy types could indicate changing preferences or economic circumstances, which would be crucial for investors assessing market stability, real estate agents advising clients, and builders strategizing new projects. Appraisers and insurance agents would also use this data to adjust valuations and risk assessments accordingly.
Economic Outlook
Knox County, Ohio, has shown a gradual increase in average taxable income per tax return, from $49,389.25 in 2013 to $67,270.25 in 2021. This growth could hint at economic advancement and rising wages, attracting investors and influencing property values. Additionally, state and local taxes have varied, peaking at $10,800.00 in 2018, while maintaining an upward trend since 2017, potentially signaling an increased tax burden on residents. Lastly, the average total tax liability per tax return... Read more
Average Taxable Income per Tax Return in Knox County, OH over the last 9 years
Over the last nine years, Knox County, Ohio has seen a general upward trend in average taxable income per tax return, growing from $49,389.25 in 2013 to $67,270.25 in 2021. This steady increase could indicate economic growth or rising wages, making it potentially attractive for investors, new residents, and real estate stakeholders. However, this also has implications for property appraisals and insurance rates in the area.
Average State and Local Income Taxes Per Tax Return in Knox County, OH Over the Last 10 Years
Over the past ten years, Knox County, Ohio, has experienced noticeable fluctuations in average state and local income taxes per tax return, ranging from roughly $5,294.46 in 2013 to a high of around $10,800.00 in 2018. Notably, the spike in 2018 suggests a significant shift that potential investors, appraisers, and insurance agents may want to delve deeper into for potential underlying causes. The trend generally shows an upward trajectory from 2017 onward, with recent figures hovering in the $8,516.10 to $9,531.58 range. This could imply an increased tax burden on residents, which may influence financial planning, property investment strategies, or relocation decisions.
Average Total Tax Liability Per Tax Return in Knox County, OH Over the Last 10 Years
Knox County, Ohio has seen a noticeable increase in average total tax liability per tax return over the past decade. Starting at approximately $7,277.77 in 2012, the liability has fluctuated but overall increased to around $9,706.91 by 2021. This upward trend suggests rising incomes or changes in tax structures, which could impact property values and cost of living. For those considering investments, moving, property development, or real estate in the area, these trends may reflect economic growth and evolving financial dynamics.
Cost of Living in Knox County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,149 | $1,387 | $1,741 | $1,606 | $1,126 |
| 1 adult 4 children | $1,149 | $1,133 | $1,331 | $1,606 | $1,243 |
| 2 adults 3 children | $1,149 | $1,133 | $1,512 | $1,606 | $929 |
| 1 adult 3 children | $1,149 | $925 | $1,101 | $1,606 | $1,016 |
| 2 adults 2 children | $859 | $928 | $1,282 | $1,409 | $788 |
| 1 adult 2 children | $859 | $693 | $871 | $1,409 | $758 |
| 2 adults 1 child | $859 | $733 | $1,052 | $769 | $712 |
| 1 adult 1 child | $859 | $474 | $641 | $769 | $592 |
| 2 adults | $686 | $589 | $822 | $0 | $545 |
| 1 adult | $635 | $321 | $411 | $0 | $466 |
Safety trends & Data
Property crimes in Knox County, Ohio have seen notable declines over the past five years, particularly in larceny-theft, which dropped from 123.0 cases in 2018 to just 5.0 in 2022. This trend, along with mixed but generally low incidents of vandalism and burglary, could indicate enhanced community security measures. Such changes may pique the interest of investors, insurance agents, and real estate professionals due to potential influences on property values and insurance... Read more
Property Crime Trends in Knox County, OH Over the Last 5 Years
Knox County, Ohio has seen significant fluctuations in property crimes over the past five years, with notable declines in larceny-theft and fraud incidents. In 2018, larceny-theft peaked at 123.0 cases but dropped sharply to just 5.0 by 2022, suggesting enhanced security measures or community vigilance. Vandalism showed mixed trends with a peak of 20.0 incidents in 2019, while burglary incidents were most variable but generally low. These trends might interest investors, insurance agents, and real estate professionals as they hint at improving security, which could influence property values and insurance premiums in the area.
Demographics
Knox County, Ohio shows a slight female majority among adults while the population skews older, with notable numbers in the 55-64 and 65-74 age brackets. Educational attainment reveals a significant portion with only high school diplomas or some college, indicating potential for expanded higher education initiatives. The racial composition is predominantly White, with minimal representation from other racial and ethnic groups. These trends could suggest areas for targeted community services and... Read more
Race Distribution in Knox County, Ohio (2022)
Educational Attainment in Knox County, Ohio (2022)
Age Distribution in Knox County, Ohio
Citizen Population in Knox County, Ohio (2022)
Political Trends & Data
Knox County, Ohio, exhibits a strong Republican inclination, with roughly 71% of voters supporting the GOP in the 2020 U.S. Presidential Election, compared to about 27% for Democratic candidates. This considerable disparity suggests a local political landscape heavily dominated by the two major parties, as third-party options barely made a dent with each capturing around 1% of the vote or... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Knox County, Ohio, a notable majority of voters tended to favor Republican candidates, with approximately 71% of the vote leaning in that direction during the 2020 U.S. Presidential Election. Democratic candidates possibly garnered around 27%, marking a significant gap between the two major parties. Third-party options like the Libertarian party and other minor parties collectively attracted minimal support, each drawing around 1% or less, which could indicate a strong two-party dynamic in the local political landscape.
71.15% of voters voted for the Republican party in the 2020 Presidential Election
27.36% 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
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
Knox County, Ohio has seen a student-to-teacher ratio consistently above the national average, ranging from roughly 16.65 to 18.44 students per teacher over the past nine years. This trend might signal crowded classrooms, possibly affecting educational outcomes and the general school experience. For families prioritizing education, this could be a point of concern and might suggest a need for additional educational resources or new schools. This insight could be valuable for real estate agents... Read more
Student-to-teacher ratio in Knox County, Ohio over the last 9 years
Over the past nine years, the student-to-teacher ratio in Knox County, Ohio has consistently remained above the national average of 14 students per teacher, ranging from approximately 16.65 to 18.44 students per teacher. This trend may suggest that classrooms in Knox County are more crowded compared to the national average, which could have implications for educational outcomes and the overall school experience. For potential investors or those looking to move to the area, this data might indicate a need for additional educational resources or new schools. Real estate agents may find this information useful when advising families prioritizing education. For insurance agents, the higher ratio could subtly impact the perceived value and appeal of properties in the area.
