Lucas County Real Estate and Livability Trends
Lucas County, Ohio's real estate market has steadily climbed with average taxable incomes peaking at $67,376.87 in 2021, hinting at robust economic conditions for investors. Median home values rose from $104,200 in 2015 to $144,200 in 2022, presenting an affordable yet appealing option compared to statewide trends. Property tax hikes from $3,731.18 in 2012 to $6,610.41 in 2021, coupled with... Read more
Lucas County Market Trends
Lucas County, Ohio has shown a steady rise in median home values, climbing from $104,200 in 2015 to $144,200 in 2022, although still below statewide and national averages. This discrepancy might appeal to investors and homebuyers seeking affordability. On the sustainability front, residential energy tax credits spiked notably in 2018 but stabilized around $400.00-$500.00 in subsequent years,... Read more
Median Value of Occupied Housing Units in Lucas County, Ohio Over the Last 8 Years
Lucas County, Ohio has seen a steady increase in median home values over the last eight years, rising from $104,200 in 2015 to $144,200 in 2022. While this represents significant growth, it's still lower compared to the state and national levels. Ohio's median home values reached $183,300 in 2022, and the national median hit $179,400. This presents an intriguing opportunity for investors and potential homeowners considering Lucas County, as relatively lower property values might offer better affordability and investment potential compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Lucas County, OH Over the Last 9 Years
Lucas County, Ohio has seen a noticeable increase in average residential energy tax credits per tax return over the past nine years, with a significant spike in 2018, where the average credit surged to $1,683.33. This could indicate a peak year for energy-efficient home upgrades or government incentives in that period. The credits remained relatively stable around $400.00-$500.00 in subsequent years, suggesting a continued, albeit less dramatic, investment in energy efficiency. This trend is crucial for investors, property developers, and real estate agents as it could reflect growing community interest in sustainable living. Insurance agents and appraisers might also find this data valuable for assessing potential property risks and values linked to energy-efficient installations.
Average Real Estate Taxes Per Tax Return in Lucas County, OH Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Lucas County, Ohio have shown a steady upward trend, rising from around $3,731.18 in 2012 to approximately $6,610.41 in 2021. This consistent increase in real estate taxes could indicate rising property values and expanding public services, which might appeal to potential investors and homebuyers looking for growth opportunities. However, the higher tax rates may be a consideration for those on tighter budgets or concerned about long-term affordability.
Percentage of Farm Returns in Lucas County, OH Over the Last 10 Years
The percentage of farm tax returns in Lucas County, Ohio has shown a slight decline over the past decade, indicating a possible shift away from farming activities in the region. In 2012, the percentage sat at roughly 0.20%, loosening to around 0.15% by 2021. Farm tax returns reflect the income reported by farmers on their tax forms, and a drop in these returns might hint at less farming activity or fewer working farms. For potential investors, property developers, or residents, this trend could imply evolving economic activities and land use in Lucas County, potentially opening opportunities for alternative developments or businesses.
Number of Mortgages by Occupancy Type in Lucas County, OH Over the Last 5 Years in Lucas County
In Lucas County, Ohio, the number of mortgages for principal residences consistently outpaces those for investment and second residences, suggesting strong demand for primary homes. A notable drop in principal residence mortgages occurred between 2021 and 2022, yet investment property mortgages increased over the same period. Changes in occupancy types can signal shifts in market stability and housing demand; for instance, a rise in investment property mortgages could indicate growing interest from investors, potentially affecting property values and rental market dynamics. Prospective investors, real estate agents, and appraisers might find these trends useful for assessing future market conditions.
Economic Outlook
Over the past decade, Lucas County, Ohio's real estate market has seen a steady rise in average taxable income per tax return, peaking at $67,376.87 in 2021, indicating a potentially prosperous economic climate for investors and property developers. The significant increase in state and local income taxes per tax return, reaching $11,783.64 in 2021, suggests evolving economic conditions that could impact property valuations and investment decisions. The average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Lucas County, OH over the last 9 years
Over the past nine years, Lucas County, Ohio has generally seen a steady rise in average taxable income per tax return, peaking notably at $67,376.87 in 2021. This upward trend can be appealing for investors, property developers, and real estate agents as it indicates potential economic growth and higher disposable income in the region. The substantial jump from 2020 to 2021 could suggest significant economic events or shifts, making it a particularly attractive moment for financial appraisers and insurance agents to re-evaluate local risk and return profiles.
Average State and Local Income Taxes Per Tax Return in Lucas County, OH Over the Last 10 Years
Over the past decade, Lucas County, Ohio has seen a significant upward trend in average state and local income taxes per tax return. Between 2012 and 2017, the figures hovered around the mid-$6,000 mark, but there was a marked increase starting in 2018, jumping to $9,717.69. By 2021, this amount soared to $11,783.64. These changes could influence investment decisions, property valuations, and insurance considerations, making it crucial for stakeholders to understand the evolving tax landscape.
Average Total Tax Liability Per Tax Return in Lucas County, OH Over the Last 10 Years
Average total tax liability per tax return in Lucas County, Ohio has seen a steady increase over the past decade, initially rising from approximately $8,480.16 in 2012 to around $10,996.97 in 2021. Notable increments were observed particularly between 2013 and 2017, with a dip in 2019 followed by another rise. These trends could suggest increasing property values or income levels, making this a potentially lucrative area for real estate investment. Additionally, the recent significant jump in 2021 might be indicative of elevated incomes or changes in tax policies, factors that could influence insurance rates or appraisal values.
Cost of Living in Lucas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,208 | $1,399 | $1,782 | $1,778 | $1,162 |
| 1 adult 4 children | $1,208 | $1,143 | $1,370 | $1,778 | $1,279 |
| 2 adults 3 children | $1,208 | $1,143 | $1,543 | $1,778 | $962 |
| 1 adult 3 children | $1,208 | $933 | $1,131 | $1,778 | $1,050 |
| 2 adults 2 children | $898 | $936 | $1,303 | $1,589 | $807 |
| 1 adult 2 children | $898 | $699 | $891 | $1,589 | $780 |
| 2 adults 1 child | $898 | $740 | $1,063 | $974 | $736 |
| 1 adult 1 child | $898 | $478 | $651 | $974 | $617 |
| 2 adults | $692 | $594 | $824 | $0 | $513 |
| 1 adult | $632 | $324 | $412 | $0 | $431 |
Safety trends & Data
Lucas County, Ohio's property crime landscape has seen a downward trend in burglary incidents, dropping from 370.0 to 239.0 between 2018 and 2022, indicating noticeable security improvements. Conversely, larceny-theft spiked in 2022, reaching 1,448.0 incidents despite earlier decreases. Motor vehicle thefts have remained relatively stable, ranging from 32.0 to 48.0 cases annually. The notable decline in fraud cases post-2019 suggests successful enhancement in fraud detection. These trends could... Read more
Property Crime Trends in Lucas County, OH Over the Last 5 Years
Lucas County, Ohio has seen some notable fluctuations in property crime over the last five years. Between 2018 and 2022, incidents of burglary have steadily decreased from 370.0 to 239.0, suggesting improved security measures. Interestingly, larceny-theft, while showing initial decreases, had a spike in 2022 hitting 1,448.0. Motor vehicle thefts have remained relatively stable, oscillating between 32.0 and 48.0 cases annually. Fraud cases, after a peak in 2019, show a downward trend, potentially indicating enhanced fraud detection and prevention efforts. Vandalism and stolen property cases have shown minor changes, with no consistent trend. These figures should be of keen interest to potential investors, residents, real estate agents, and insurance professionals as they highlight areas of concern and improvement in the county's property crime landscape.
Demographics
The demographic landscape of Lucas County, Ohio reveals some interesting trends in both population composition and educational attainment. While the population skews somewhat female, the educational attainment shows a significant chunk of residents with at least a high school diploma, suggesting a potentially skilled labor market. White residents make up the largest racial group by far, with a notable presence of Black or African American individuals. The age distribution covers a broad... Read more
Race Distribution in Lucas County, Ohio (2022)
Educational Attainment in Lucas County, Ohio (2022)
Age Distribution in Lucas County, Ohio
Citizen Population in Lucas County, Ohio (2022)
Political Trends & Data
Lucas County, Ohio, might show a potential Democratic preference, with an estimated 57.5% of the 2020 U.S. Presidential Election votes going to the Democratic candidate. Republicans may hold a smaller share, with around 40.8% of the vote, and minor parties, including the Libertarians, seem to make up less than 2% combined. This possible Democratic leaning could shape local policies and political engagement, potentially impacting areas like public services and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lucas County, Ohio might exhibit a leaning towards the Democratic party, with around 57.5% of the vote in the 2020 U.S. Presidential Election. Republicans could hold a smaller share at approximately 40.8%, while minor parties like the Libertarians and others possibly make up less than 2% combined. This distribution indicates a likely Democratic preference, which could influence local policies and political engagement.
40.75% of voters voted for the Republican party in the 2020 Presidential Election
57.53% of voters voted for the Democrat party in the 2020 Presidential Election
1.30% of voters voted for the Livertarian party in the 2020 Presidential Election
0.42% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Lucas County, Ohio has shown notable fluctuation, peaking at around 20 students per teacher in 2017 but decreasing to about 17 in 2023, still above the national average of 14. This trend is vital for home buyers and real estate investors, as it affects class sizes, individualized attention, and overall classroom management—all factors that influence property values and community appeal. Insurance agents and appraisers may also find these ratios pertinent as... Read more
Student-to-teacher ratio in Lucas County, Ohio over the last 9 years
Over the past nine years, the student-to-teacher ratio in Lucas County, Ohio has fluctuated significantly, peaking at nearly 20 students per teacher in 2017. Recent years show a downward trend with 2023 standing at approximately 17 students per teacher, still above the national average of fourteen. Changes in student-to-teacher ratios can heavily influence educational outcomes, impacting class sizes, individualized attention, and overall classroom management. These shifts can also affect property values and community appeal, making it crucial for potential home buyers and real estate investors to monitor these trends. Additionally, insurance agents and appraisers might find these ratios relevant as they can indirectly reflect on neighborhood desirability and stability.
