Mahoning County Real Estate and Livability Trends
Mahoning County, Ohio, has shown a substantial rise in median home values from $97,400 in 2015 to $132,000 in 2022, making it appealing for budget-conscious buyers compared to Ohio's median of $183,300. While real estate taxes nearly doubled from $2,927.01 in 2012 to $5,896.04 in 2021, pointing to increased property values, the county saw a peak in residential energy tax credits in 2018,... Read more
Mahoning County Market Trends
Mahoning County, Ohio's median home values have climbed from $97,400 in 2015 to $132,000 in 2022, making it an attractive option for cost-conscious buyers compared to Ohio's state median of $183,300. The significant fluctuation in residential energy tax credits, especially the peak of $1,986.67 in 2018, indicates intermittent interest in energy-efficient home improvements, which could sway... Read more
Median Value of Occupied Housing Units in Mahoning County, Ohio Over the Last 8 Years
Mahoning County, Ohio has seen its median home values increase from $97,400 in 2015 to $132,000 in 2022, though it still trails behind Ohio's state median of $183,300 and the national median of $179,400 for the same year. This relatively lower entry point may appeal to value-seeking homebuyers and investors looking for growth potential without the higher upfront costs found in other parts of Ohio or across the United States.
Residential Energy Tax Credit Per Tax Return in Mahoning County, OH Over the Last 9 Years
Mahoning County, Ohio has seen noticeable fluctuations in the average residential energy tax credit per tax return over the past nine years. Starting from $274.65 in 2013, the value peaked dramatically at $1,986.67 in 2018 before adjusting to $494.44 in 2021. These variations suggest intermittent spikes in energy-efficient home investments, particularly the substantial increase in 2018. This could potentially influence investment decisions, property valuations, and insurance considerations, indicating a shifting focus towards energy sustainability among homeowners. For real estate agents and appraisers, these changes may reflect an evolving market demand prioritizing energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Mahoning County, OH Over the Last 10 Years
Over the past decade, Mahoning County, Ohio has seen a notable upward trend in average real estate taxes per tax return. Starting at approximately $2,927.01 in 2012, these taxes have risen impressively to about $5,896.04 by 2021. This upward trajectory suggests a potential increase in property values and possibly local government expenditures, impacting decisions for homebuyers and investors alike. Property insurance agents and real estate professionals might find these changes significant as they reflect shifting economic factors within the county.
Percentage of Farm Returns in Mahoning County, OH Over the Last 10 Years
Over the past decade, Mahoning County, Ohio has seen its percentage of farm tax returns slightly fluctuate, hovering around a consistent 0.54%. Farm tax returns provide an insight into the agricultural economy of a region, representing the share of tax filers who report income from farming activities. For potential investors, property developers, or new residents, a stable percentage of farm returns suggests a steady, albeit small, agricultural presence which can impact local economic stability and land use patterns.
Number of Mortgages by Occupancy Type in Mahoning County, OH Over the Last 5 Years in Mahoning County
Over the past five years, Mahoning County, Ohio has seen fluctuating trends in mortgage counts for different occupancy types. Principal residences consistently lead, peaking in 2021 with 13,007 mortgages before dropping to 10,176 in 2022. Investment properties, while fewer, have shown a gradual rise, reaching 615 mortgages in 2022. Meanwhile, second residences represent a negligible portion, with numbers wavering but remaining low. These shifts in occupancy type can influence investment strategies significantly, as a rise in investment property mortgages might suggest growing rental market potential or changing community demographics. For appraisers and insurance agents, the dominant principal residence market implies a stable, owner-occupied housing base but also highlights periods of cooling or heightened activity that could affect property valuations or risk assessments.
Economic Outlook
Mahoning County, Ohio, has experienced a noticeable rise in average taxable income per tax return, climbing from about $47,768.34 in 2013 to around $64,310.77 in 2021, suggesting economic growth that could attract investors and new residents. The sharp increase in state and local income taxes, from $6,206.20 in 2012 to $14,330.42 in 2021, might reflect rising local revenues and a potentially stronger economic environment, though possibly at higher costs for living and doing business.... Read more
Average Taxable Income per Tax Return in Mahoning County, OH over the last 9 years
Over the past nine years, Mahoning County, Ohio has seen a noticeable upward trend in average taxable income per tax return, jumping from around $47,768.34 in 2013 to approximately $64,310.77 in 2021. This could signal a growing economic base and potentially more lucrative opportunities for investors and new residents. For real estate agents and builders, this upswing might mean increased demand for higher-end properties. Insurance agents and appraisers might also note this trend as an indicator of rising property values and insurance needs.
Average State and Local Income Taxes Per Tax Return in Mahoning County, OH Over the Last 10 Years
Over the past decade, Mahoning County, Ohio has seen a notable increase in average state and local income taxes per tax return, escalating from approximately $6,206.20 in 2012 to around $14,330.42 in 2021. This upward trend, particularly sharp from 2018 onwards, could indicate rising local revenues, which may correlate with economic growth or policy changes. For potential investors, real estate agents, and developers, this trend may imply a strengthening economic environment but could also signify higher costs of living and doing business compared to previous years. Additionally, this tax trend is crucial for appraisers and insurance agents assessing property values and risks.
Average Total Tax Liability Per Tax Return in Mahoning County, OH Over the Last 10 Years
In Mahoning County, Ohio, the average total tax liability per tax return has fluctuated over the last decade, showing a notable uptick in recent years. From $8,053.29 in 2012, there was a gradual rise to $8,579.16 in 2018, followed by a sharp increase reaching $10,515.57 in 2021. This trend might suggest an evolving economic landscape and could be indicative of rising incomes or changes in tax policies. For potential investors, property developers, and real estate agents, these tax liability trends are crucial for evaluating the county's financial environment. Understanding these patterns can also help insurance agents and appraisers in better assessing risk and property values.
Cost of Living in Mahoning County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,049 | $1,560 | $1,882 | $1,778 | $1,219 |
| 1 adult 4 children | $1,049 | $1,274 | $1,447 | $1,778 | $1,323 |
| 2 adults 3 children | $1,049 | $1,275 | $1,629 | $1,778 | $998 |
| 1 adult 3 children | $1,049 | $1,041 | $1,194 | $1,778 | $1,073 |
| 2 adults 2 children | $793 | $1,043 | $1,375 | $1,589 | $840 |
| 1 adult 2 children | $793 | $779 | $941 | $1,589 | $806 |
| 2 adults 1 child | $793 | $825 | $1,122 | $974 | $756 |
| 1 adult 1 child | $793 | $533 | $688 | $974 | $622 |
| 2 adults | $632 | $663 | $869 | $0 | $537 |
| 1 adult | $573 | $361 | $435 | $0 | $440 |
Safety trends & Data
Property crime trends in Mahoning County, Ohio, suggest a decrease in larceny-theft, dropping from 809 incidents in 2018 to 434 in 2022. However, motor vehicle thefts surged significantly, jumping from 6 to 336 incidents in the same period. These shifts may affect insurance premiums and investment decisions. Crimes such as fraud and vandalism have shown more stable trends, with only minor fluctuations. These trends could be essential for potential homebuyers and real estate agents when... Read more
Property Crime Trends in Mahoning County, OH Over the Last 5 Years
Property crime trends in Mahoning County, Ohio, over the last five years reveal some noteworthy patterns. Larceny-theft remains consistently high but has been decreasing since 2018, dropping from 809 to 434 incidents by 2022. Interestingly, motor vehicle thefts saw a dramatic surge, skyrocketing from 6 incidents in 2018 to 336 in 2022. Such shifts may influence insurance premiums and investment decisions. Meanwhile, crimes like fraud and vandalism show a more stable trend, with minor fluctuations over the years. Potential homebuyers and real estate agents may find these insights crucial for evaluating neighborhood safety and property risk.
Demographics
Mahoning County, Ohio shows an almost even split between genders in its adult population, indicating a balanced demographic that may influence local policies and economies. The educational attainment levels highlight that a significant portion of the population has completed high school, with a notable share possessing some college education or higher degrees, which could contribute to the region's workforce skills and potential for higher income brackets. Age distribution here leans towards an... Read more
Race Distribution in Mahoning County, Ohio (2022)
Educational Attainment in Mahoning County, Ohio (2022)
Age Distribution in Mahoning County, Ohio
Citizen Population in Mahoning County, Ohio (2022)
Political Trends & Data
Mahoning County, Ohio's close political split in the 2020 Presidential Election—Republicans leading Democrats by just under 2%—highlights the region's competitive and unpredictable voter dynamics. Such a narrow margin suggests a fluctuating political landscape, which could have broader implications for local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mahoning County, Ohio, showed a near-even split between Republican and Democrat voters in the 2020 Presidential Election, with Republicans slightly edging out Democrats by just under 2%. Third-party candidates, including Libertarians and others, collectively barely made a dent, capturing roughly 1% of the vote. This tight race might reflect a broader trend of political competitiveness and shifting voter dynamics in traditionally swing areas.
50.35% of voters voted for the Republican party in the 2020 Presidential Election
48.45% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Other party in the 2020 Presidential Election
School Data
Mahoning County, Ohio has seen its student-to-teacher ratio peak at nearly 20 in 2016 before dropping to around 17 in recent years, which, although still above the national average of 14, indicates a trend toward smaller class sizes. Smaller class sizes might offer better individual attention, suggesting potential improvements in educational outcomes. For investors and real estate agents, this trend could signal a community that prioritizes education, which is always an attractive selling point... Read more
Student-to-teacher ratio in Mahoning County, Ohio over the last 9 years
Mahoning County, Ohio has experienced fluctuations in its student-to-teacher ratio over the past nine years, peaking at nearly 20 in 2016 and dropping to around 17 in recent years. Though these figures are above the national average of 14 students per teacher, recent years show a trend toward decreased ratios, indicating possible improvements in classroom sizes. This could be a positive indicator for those considering moving to the area, as smaller class sizes often lead to better individual attention and potentially higher educational outcomes. Investors and real estate agents might view this as a sign of a community valuing education, which can be an attractive selling point. Changes in occupancy types within schools also matter as they reflect the community’s adaptation to demographic shifts and resource allocation, impacting long-term planning and investment decisions.
