Madison County Real Estate and Livability Trends
Madison County, Ohio has seen its median home values climb to $201,200 in 2022, outpacing both state and national medians, hinting at increasing desirability and economic growth. Energy efficiency investments saw a notable rise, particularly in 2018 with tax credits reaching $2,900.00 per return, signaling a higher focus on sustainable practices. Farm tax returns have steadily declined,... Read more
Madison County Market Trends
Madison County, Ohio has seen its median home values climb to $201,200 in 2022, outpacing both state and national medians, which suggests increasing desirability and economic growth. Real estate taxes have also risen sharply, with an average hitting $4,773.47 in 2021, reflecting significant property value appreciation. Energy efficiency investments spiked dramatically, particularly in 2018 with... Read more
Median Value of Occupied Housing Units in Madison County, Ohio Over the Last 8 Years
Madison County, Ohio has experienced a significant increase in median home values over the past eight years, culminating at $201,200 in 2022. This surpasses state values, which reached $183,300 in the same year, and the national median of $179,400. This local surge may suggest a growing desirability and economic development in the county, possibly drawing interest from potential investors, new residents, and property developers.
Residential Energy Tax Credit Per Tax Return in Madison County, OH Over the Last 9 Years
In Madison County, Ohio, the average residential energy tax credit per tax return has shown notable fluctuations over the last nine years. Highlights include a substantial spike to $2,900.00 in 2018, almost tripling the previous highest value, hinting perhaps at significant investment in energy-efficient improvements or changes in tax credit policies. Following this, the amounts seem to have declined but stabilized, maintaining values above $1,000.00 since 2019. This trend may signal increasing awareness and adoption of energy-efficient practices among homeowners, which could be an important consideration for stakeholders in real estate, appraisal, and property investment.
Average Real Estate Taxes Per Tax Return in Madison County, OH Over the Last 10 Years
Over the past decade, Madison County, Ohio has seen a steady increase in average real estate taxes per tax return, rising from $2,964.15 in 2012 to $4,773.47 in 2021. Notable spikes occurred in 2018 and 2021, indicating periods of significant property value appreciation. This trend could be crucial for potential investors and homebuyers, underscoring the area's real estate growth and the potential for increasing property valuations. For appraisers and insurance agents, these rising tax values might suggest a robust local economy and escalating property worth, possibly affecting premiums and appraisals. Real estate agents may find these insights valuable for informing clients about the area's market dynamics and potential tax obligations.
Percentage of Farm Returns in Madison County, OH Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Madison County, Ohio has shown a downward trend, dropping from around 3.62% in 2012 to approximately 2.97% in 2021. Farm tax returns typically represent the number of taxpayers who report farming income, which can be a useful metric for understanding the health of the local agricultural sector. A decline might suggest fewer active farms or changes in land use, which could influence property values, investment opportunities, and economic strategies for those interested in the area.
Number of Mortgages by Occupancy Type in Madison County, OH Over the Last 5 Years in Madison County
The number of mortgages for principal residences in Madison County, Ohio has shown significant variation over the last five years, peaking in 2021 with 3,424 before dropping to 2,310 in 2022. Investment properties have also seen minor fluctuations, but overall remain much lower than principal residences, with a slight decline in recent years. Second residences have consistent but minimal activity. Changes in occupancy types in mortgage trends can deeply affect local housing markets, influencing everything from property values and rental markets to long-term community development plans. For investors, appraisers, or real estate agents, understanding these shifts helps anticipate demand and guide strategic decisions.
Economic Outlook
Madison County, Ohio has experienced a steady rise in average taxable income per tax return, climbing from $56,477.35 in 2013 to $72,484.82 in 2021. Notable increases after 2016 hint at a stronger local economy, potentially driving up property values and living standards. Meanwhile, average state and local income taxes have increased from $7,091.92 in 2012 to $10,222.33 in 2021, which could reflect higher income levels or changes in tax policies. The total tax liability per tax return also saw... Read more
Average Taxable Income per Tax Return in Madison County, OH over the last 9 years
Over the past nine years, Madison County, Ohio has shown a steady upward trend in average taxable income per tax return, rising from $56,477.35 in 2013 to $72,484.82 in 2021. Noteworthy increases occurred particularly after 2016, suggesting a more robust economic environment. This trend may hint at increasing property values and living standards, which could be attractive to investors, real estate agents, and insurers assessing the area's growth potential.
Average State and Local Income Taxes Per Tax Return in Madison County, OH Over the Last 10 Years
Over the past decade, Madison County, Ohio has seen a noticeable increase in average state and local income taxes per tax return, rising from $7,091.92 in 2012 to $10,222.33 in 2021. This upward trend, particularly the substantial jumps after 2018, might suggest growing income levels or changes in tax policies impacting residents' financial obligations. For potential investors, real estate professionals, or anyone considering a move to Madison County, this could imply evolving economic conditions that might affect cost of living or property valuations.
Average Total Tax Liability Per Tax Return in Madison County, OH Over the Last 10 Years
Over the past decade, Madison County, Ohio has seen a nuanced fluctuation in average total tax liability per tax return. Values ranged from a low of approximately $8,471.57 in 2015 to a substantial increase, peaking at around $10,678.30 by 2021. This gradual rise could suggest shifts in local economic growth, property values, or resident earnings, making it an essential factor for potential investors, appraisers, and real estate agents to consider. The increasing tax liability might indicate a robust economic environment but warrants close analysis for anyone planning long-term financial commitments in the area.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,180 | $1,347 | $1,752 | $1,034 | $989 |
| 1 adult 4 children | $1,180 | $1,100 | $1,347 | $1,034 | $1,049 |
| 2 adults 3 children | $1,180 | $1,101 | $1,517 | $1,034 | $774 |
| 1 adult 3 children | $1,180 | $898 | $1,112 | $1,034 | $830 |
| 2 adults 2 children | $962 | $901 | $1,281 | $935 | $717 |
| 1 adult 2 children | $962 | $673 | $876 | $935 | $665 |
| 2 adults 1 child | $962 | $712 | $1,045 | $615 | $718 |
| 1 adult 1 child | $962 | $460 | $640 | $615 | $615 |
| 2 adults | $778 | $572 | $810 | $0 | $597 |
| 1 adult | $697 | $312 | $405 | $0 | $488 |
Safety trends & Data
Madison County, Ohio, has seen a significant drop in property crimes over the last five years. Larceny-theft incidents plummeted from 67 in 2018 to just 18 by 2022. Burglary rates also decreased, maintaining a steady decline from 7 occurrences down to 3. Vandalism peaked at 22 cases in 2019 but dropped to 10 by 2022. These declining crime rates could indicate enhanced local law enforcement or greater community awareness, potentially boosting the appeal of Madison County for real estate... Read more
Property Crime Trends in Madison County, OH Over the Last 5 Years
Over the last five years in Madison County, Ohio, property crimes have shown a notable decrease. Larceny-theft incidents, which started at 67 occurrences in 2018, dropped significantly to 18 by 2022. Burglary rates also declined from 7 in 2018 and 2019 to just 3 in 2020 and 2022. The number of arsons remained consistently low, at around 2 per year initially but absent in the later years. Vandalism saw a peak of 22 incidents in 2019 but decreased to 10 by 2022. These trends suggest a possible improvement in local law enforcement efficacy or community vigilance, potentially making Madison County a safer place for residents and more attractive for real estate investments.
Demographics
Madison County, Ohio, presents a diverse demographic profile with significant population variances across gender, age, education, and race. The adult population is predominantly male, which might hint at unique economic or social dynamics. Educational attainment reveals a solid base with a substantial number holding high school diplomas and some college experience, though advanced degree holders are fewer, suggesting potential gaps in higher educational push or opportunities. Age distribution... Read more
Race Distribution in Madison County, Ohio (2022)
Educational Attainment in Madison County, Ohio (2022)
Age Distribution in Madison County, Ohio
Citizen Population in Madison County, Ohio (2022)
Political Trends & Data
Madison County in Ohio shows a strong conservative leaning based on the 2020 U.S. Presidential Election results, with nearly 70% of voters possibly supporting the Republican candidate. The Democratic party attracted less than 30% of the vote, reflecting a predominant conservative tendency. Minor parties received minimal backing, highlighting a polarized electorate chiefly divided between the two major... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Madison County in Ohio exhibited a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, with nearly 70% of the vote possibly going to the Republican candidate. The Democratic party garnered less than 30% of the vote, suggesting a predominant conservative tendency. Minor parties, including the Libertarian and others, received minimal support, indicating a highly polarized electorate primarily divided between the two major parties.
69.68% of voters voted for the Republican party in the 2020 Presidential Election
28.70% of voters voted for the Democrat party in the 2020 Presidential Election
1.35% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Madison County, Ohio's student-to-teacher ratio has shown a steady increase over the past nine years, from nearly 19 students per teacher in 2014 to over 20 in 2023, compared to the national average of 14. This larger class size could imply a need for more resources and may influence family decisions regarding education quality. Real estate agents and investors should consider this trend as it can affect the desirability of school districts, while insurance agents and appraisers might see its... Read more
Student-to-teacher ratio in Madison County, Ohio over the last 9 years
Madison County, Ohio has experienced fluctuations in its student-to-teacher ratio over the past nine years, starting at nearly 19 students per teacher in 2014 and reaching a peak of over 20 in 2023. Compared to the national average of 14 students per teacher, Madison County consistently has larger class sizes, potentially indicating a need for more educational resources or staff. This upward trend could be a consideration for families evaluating the quality of education, as well as for real estate agents and investors looking at school district desirability. Additionally, insurance agents and appraisers might also find these trends relevant when assessing property value and community infrastructure.
