Lawrence County Real Estate and Livability Trends
Lawrence County, Ohio has seen average taxable income rise from $43,967.31 in 2013 to $55,591.69 in 2021, hinting at a strengthening economy that might attract more investors. Median home values have climbed from $98,900 in 2015 to $127,900 in 2022, indicating modest growth and affordability. Real estate taxes have more than doubled, possibly reflecting higher property values or shifting tax... Read more
Lawrence County Market Trends
In Lawrence County, Ohio, median home values have risen from $98,900 in 2015 to $127,900 in 2022, lagging behind both state and national trends, which may highlight a more affordable yet growing market. Residential energy tax credits have fluctuated, peaking at $2,433.33 in 2018 but rebounding to $1,521.74 in 2021, possibly indicating a local interest in energy-efficient improvements. Real estate... Read more
Median Value of Occupied Housing Units in Lawrence County, Ohio Over the Last 8 Years
Median home values in Lawrence County, Ohio have steadily risen from $98,900 in 2015 to $127,900 in 2022. Although this increase reflects positive growth, it is still modest compared to the broader trends in Ohio and the United States. Statewide, Ohio saw home values jump from $129,900 in 2015 to $183,300 in 2022. Nationally, the median home value rose from $125,500 to $179,400 in the same period. This comparative data can be useful for potential homebuyers, investors, and developers focused on Lawrence County, highlighting an opportunity to enter a growing but potentially undervalued market.
Residential Energy Tax Credit Per Tax Return in Lawrence County, OH Over the Last 9 Years
Over the past nine years in Lawrence County, Ohio, the average residential energy tax credit per tax return has seen considerable fluctuation. While values were relatively modest from 2013 to 2016, a significant spike began in 2017, peaking in 2018 at $2,433.33. Although the credits dropped to $1,013.64 in 2020, they rebounded to $1,521.74 in 2021. This volatility might hint at varying local investment in energy-efficient improvements, making the area potentially attractive for those interested in green energy incentives or real estate investments.
Average Real Estate Taxes Per Tax Return in Lawrence County, OH Over the Last 10 Years
Over the past decade, Lawrence County, Ohio has seen a marked increase in average real estate taxes per tax return, rising from around $1,680.69 in 2012 to approximately $3,467.44 by 2021. Particularly notable is the sharp rise starting in 2018, which could be indicative of either increased property values or changes in tax policies. This upward trend could be a point of consideration for those looking to invest in or move to the area, as it may influence the overall cost of property ownership. Real estate agents, appraisers, and insurance agents might find this data important for assessing property values and forecasting future market behavior in Lawrence County.
Percentage of Farm Returns in Lawrence County, OH Over the Last 10 Years
In the past decade, the percentage of farm tax returns in Lawrence County, Ohio has steadily declined from around 1.86% in 2012 to approximately 1.38% in 2021. This trend might suggest a reduction in farm-based economic activity or a shift towards different forms of income among local residents. Analyzing farm tax returns is essential for investors, new residents, and property developers as it provides a snapshot of the agricultural sector's health, which can impact land values, local economies, and development opportunities.
Number of Mortgages by Occupancy Type in Lawrence County, OH Over the Last 5 Years in Lawrence County
Over the last 5 years in Lawrence County, Ohio, mortgages for principal residences consistently outnumbered those for investment and second properties by a significant margin. While principal residences saw a gradual yet fluctuating trend, peaking in 2021 at 2783, investment properties remained relatively stable around the 100 mark, and second residences fluctuated minimally, peaking at 37 in 2021. These shifts in occupancy types might suggest a more stable residential base, which could imply lower vacancy rates and a potentially less speculative market for investors. For prospective homeowners, this could indicate a community-centric environment, while insurance agents might view the relative steadiness in owner-occupied properties as a lower risk for insurance claims. Real estate agents and appraisers may find significant value in understanding these dynamics, as the demand for primary homes drives market value and can impact future property valuations.
Economic Outlook
Average taxable income in Lawrence County, Ohio has been trending upward from $43,967.31 in 2013 to $55,591.69 in 2021, possibly indicating a strengthening local economy attracting investors and real estate agents. State and local income taxes have also jumped significantly, peaking at $8,910.64 in 2021, which could impact decisions for potential homebuyers considering the increased tax burden. Meanwhile, the average total tax liability has generally increased, peaking at $7,226.69 in 2021,... Read more
Average Taxable Income per Tax Return in Lawrence County, OH over the last 9 years
Average taxable income per tax return in Lawrence County, Ohio has trended upward over the last nine years, rising from around $43,967.31 in 2013 to approximately $55,591.69 in 2021. This steady increase could indicate a strengthening local economy, making it potentially attractive for investors, property builders, and real estate agents. Individuals considering moving to the area might find the growing incomes indicative of economic opportunities. Appraisers and insurance agents may find this trend useful for adjusting valuations and premium calculations.
Average State and Local Income Taxes Per Tax Return in Lawrence County, OH Over the Last 10 Years
Lawrence County, Ohio has seen a significant rise in average state and local income taxes per tax return over the past decade, especially since 2018. Taxes hovered around the $4,700 - $4,800 range from 2012 to 2017 but jumped substantially to $7,330.00 in 2018 and continued to increase, peaking at $8,910.64 in 2021. This trend could impact decisions for potential homebuyers, real estate investors, and businesses considering the tax burden and its trajectory in financial planning.
Average Total Tax Liability Per Tax Return in Lawrence County, OH Over the Last 10 Years
The average total tax liability per tax return in Lawrence County, Ohio has generally trended upwards over the past decade, peaking at $7,226.69 in 2021. Notable dips occurred in 2016 and 2018, yet the overall increase suggests a growing economic burden on residents. These trends could influence decisions for potential property investors, real estate agents, and insurance agents by signaling shifts in economic stability and taxpayer capacity in the county. This information could be particularly relevant for individuals planning to move to Lawrence County, as it reflects potential changes in disposable income and cost of living.
Cost of Living in Lawrence County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,100 | $1,331 | $2,124 | $1,413 | $1,099 |
| 1 adult 4 children | $1,100 | $1,087 | $1,635 | $1,413 | $1,181 |
| 2 adults 3 children | $1,100 | $1,087 | $1,838 | $1,413 | $886 |
| 1 adult 3 children | $1,100 | $888 | $1,348 | $1,413 | $917 |
| 2 adults 2 children | $827 | $890 | $1,552 | $1,256 | $749 |
| 1 adult 2 children | $827 | $665 | $1,062 | $1,256 | $684 |
| 2 adults 1 child | $827 | $704 | $1,266 | $743 | $696 |
| 1 adult 1 child | $827 | $454 | $776 | $743 | $580 |
| 2 adults | $705 | $565 | $979 | $0 | $559 |
| 1 adult | $647 | $308 | $490 | $0 | $472 |
Safety trends & Data
Lawrence County, Ohio has seen a noticeable decrease in property crimes over the last five years. Larceny-theft incidences dropped from 91 in 2018 to 48 in 2022, suggesting improved security or effective crime prevention measures. Burglary rates have seen minor fluctuations, staying between 9 and 12 cases per year, while motor vehicle theft and fraud occurrences remain low and consistent. Vandalism reports showed a significant reduction, dropping from 12 cases in 2018 to just 2-3 cases in... Read more
Property Crime Trends in Lawrence County, OH Over the Last 5 Years
Lawrence County, Ohio has seen a noticeable decrease in property crimes over the last five years. Larceny-theft incidences dropped from 91 in 2018 to 48 in 2022, suggesting improved security or effective crime prevention measures. Burglary rates remained fairly stable, with minor fluctuations between 9 and 12 cases per year. Motor vehicle theft and fraud occurrences have stayed low and consistent, indicating targeted prevention might be in place. Vandalism reports showed a significant reduction from 2018's 12 cases to just 2-3 in recent years. This trend toward decreasing property crimes could be favorable for prospective property buyers, investors, and real estate agents considering the county.
Demographics
Lawrence County, Ohio, shows a slight majority of its adult population identifying as female. The educational attainment skews heavily toward high school graduates and those with some college but no degree, while graduate degrees are less common. Age distribution data indicates a fairly even spread across various age groups, with the largest segment being those aged 55 to 64 years. Racially, the county is predominantly White, with small percentages of other racial groups. This demographic mix... Read more
Race Distribution in Lawrence County, Ohio (2022)
Educational Attainment in Lawrence County, Ohio (2022)
Age Distribution in Lawrence County, Ohio
Citizen Population in Lawrence County, Ohio (2022)
Political Trends & Data
In Lawrence County, Ohio, the political landscape leans heavily Republican, with the 2020 U.S. Presidential Election results indicating that potentially over 72% of votes went to the GOP. The Democratic Party might have received around 27%, while Libertarians and other smaller parties captured under 1% each. This significant Republican dominance can serve as a proxy for broader political and possibly demographic preferences within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lawrence County, Ohio, the 2020 U.S. Presidential Election results suggest a strong leaning toward the Republican Party, with potentially over 72% of the vote share. The Democratic Party appears to have garnered approximately 27%, which might indicate a relatively weaker presence compared to the Republicans. Libertarians and other smaller parties captured potentially under 1% each, hinting at minimal impact on the overall outcome. This distribution could reflect broader political tendencies and demographic preferences within the county.
72.19% of voters voted for the Republican party in the 2020 Presidential Election
26.63% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lawrence County, Ohio, has seen its student-to-teacher ratio drop from a high of about 19 students per teacher in 2017 to roughly 14, aligning with the national average. This trend might imply a boost in educational quality thanks to smaller class sizes, a potentially crucial factor for families eyeing the area. Lower ratios could positively impact property values, proving favorable for investors and real estate agents, and might also influence appraisals and insurance assessments. For future... Read more
Student-to-teacher ratio in Lawrence County, Ohio over the last 9 years
In Lawrence County, Ohio, the student-to-teacher ratio has fluctuated over the past nine years, peaking at approximately 19 students per teacher in 2017 before dropping to around 14 in recent years. Notably, this recent ratio aligns closely with the national average of 14 students per teacher. This trend might suggest an improvement in educational quality due to smaller class sizes, which can be a critical factor for families considering a move to the area and can potentially influence property values, making it pertinent for investors and real estate agents. Additionally, a lower student-to-teacher ratio could affect appraisal values positively and might be seen as a favorable condition by insurance agents assessing risk. For future property developments, this educational aspect could become a key selling point, especially in the competitive real estate market.
