Marion County Real Estate and Livability Trends
Marion County, Ohio, has seen average taxable income rise from $42,858.46 in 2013 to $55,004.92 in 2021, signaling potential economic growth that might attract investors and homebuyers. However, average state and local income taxes have also escalated, hitting $7,843.10 in 2021, which could affect decisions about relocation and investment. The median home value jumped from $96,400 in 2015 to... Read more
Marion County Market Trends
Marion County, Ohio's housing market has experienced steady, if modest, growth with the median home value rising from $96,400 in 2015 to $135,900 in 2022, still below state and national averages. Significant fluctuations in residential energy tax credits, notably peaking at $2,300.00 in 2018, suggest increased attention to energy-efficient investments. Average real estate taxes increased... Read more
Median Value of Occupied Housing Units in Marion County, Ohio Over the Last 8 Years
Over the last eight years, the median value of occupied housing units in Marion County, Ohio has seen a considerable increase, rising from $96,400 in 2015 to $135,900 in 2022. While this local increase is substantial, it still lags behind broader trends. The median home value in Ohio went from $129,900 in 2015 to $183,300 in 2022, reflecting a stronger growth trajectory. Nationally, home values jumped from $125,500 in 2015 to $179,400 in 2022. These disparities suggest that Marion County might offer more accessible opportunities for potential homeowners and investors compared to the state and national markets.
Residential Energy Tax Credit Per Tax Return in Marion County, OH Over the Last 9 Years
Marion County, Ohio has seen significant fluctuations in residential energy tax credits per tax return over the past decade. Notably, the average credit jumped markedly in 2018 to $2,300.00, likely indicating a surge in energy-efficient home investments or incentives during that year. Post-2018, there was a notable decline but levels appear to have stabilized in recent years, with 2021 seeing an average of $744.90. This data might suggest that homeowners and investors are increasingly attuned to energy efficiency, which could influence future real estate valuations, property developments, and insurance rates. For appraisers and agents, understanding these trends may highlight potential growth areas in green technologies within residential markets.
Average Real Estate Taxes Per Tax Return in Marion County, OH Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Marion County, Ohio, have shown a clear upward movement. From a modest $2,022.42 in 2012, the average tax increased steadily, peaking at $3,664.15 in 2020. The most significant jumps occurred between 2017 and 2019, suggesting heightened property valuations or changes in local tax policy during that period. This trend is critical for prospective investors, homeowners, and real estate professionals as rising taxes can impact property affordability, return on investment, and long-term financial planning.
Percentage of Farm Returns in Marion County, OH Over the Last 10 Years
Over the past decade, Marion County, Ohio has seen a steady decline in farm tax returns. In 2012, farm returns hovered around 1.95%, gradually tapering off to approximately 1.60% by 2019. There was a slight recovery in 2021 at nearly 1.60%. Farm tax returns reflect the number of farms filing income under farm-related activities, suggesting subtle shifts in the local agricultural economy. This may imply changing patterns in land use and agricultural investment, which could be of interest to potential investors and property developers. Understanding these trends could be crucial for those planning to capitalize on or adapt to the evolving rural economy in Marion County.
Number of Mortgages by Occupancy Type in Marion County, OH Over the Last 5 Years in Marion County
The mortgage data from Marion County, Ohio shows a consistent preference for principal residences, reflecting an overall stable and potentially growing primary housing market. Investment properties have seen a steady, though smaller, volume indicating an ongoing interest in real estate investment, which may appeal to investors seeking long-term gains in a stable market. The extremely low numbers for second residences suggest limited demand for vacation homes in this area, which could impact market dynamics and investment strategies differently than areas with higher second home interest. These trends are crucial for investors, appraisers, and real estate agents as they influence property values, demand forecasts, and risk assessments.
Economic Outlook
Marion County, Ohio, has experienced a significant rise in average taxable income per tax return, jumping from $42,858.46 in 2013 to $55,004.92 in 2021. This trend hints at a burgeoning local economy, which could entice investors and homebuyers while signaling higher demand for housing. Meanwhile, average state and local income taxes per tax return have noticeably increased, climbing from $5,037.86 in 2012 to $7,843.10 in 2021, with sharp rises particularly from 2017 to 2018 and 2019 to 2020.... Read more
Average Taxable Income per Tax Return in Marion County, OH over the last 9 years
Marion County, Ohio, has seen notable growth in average taxable income per tax return, rising from $42,858.46 in 2013 to $55,004.92 in 2021. This upward trend suggests a strengthening local economy that may attract investors, homebuyers, and real estate professionals. For builders and appraisers, this income growth could indicate increasing demand for housing and services. Insurance agents might also find this data useful in assessing risk and potential premiums.
Average State and Local Income Taxes Per Tax Return in Marion County, OH Over the Last 10 Years
Marion County, Ohio has seen a noticeable increase in average state and local income taxes per tax return over the past decade, rising from $5,037.86 in 2012 to $7,843.10 in 2021. Notable jumps occurred between 2017 and 2018, and again from 2019 to 2020, highlighting potential shifts in economic conditions or tax policies. This trend could impact those considering a move to the area, as well as investors, appraisers, and insurance agents analyzing the financial landscape. For real estate agents and property developers, understanding these tax increases is crucial when advising clients on potential costs.
Average Total Tax Liability Per Tax Return in Marion County, OH Over the Last 10 Years
Marion County, Ohio has seen fluctuations in average total tax liability per tax return over the last decade. Notably, the average tax liability showed a significant increase in 2021, reaching $7203.34, up from $6380.80 in 2020. This jump could be indicative of economic changes or policy shifts. Trends between 2012 and 2020 show varied stability with occasional spikes, particularly in 2017 at $6493.07 and in 2018 when it dipped to $5968.17. For those involved in the local economy, including investors, real estate agents, and insurance professionals, these trends might suggest evolving financial dynamics and potential impacts on property values and investment returns.
Cost of Living in Marion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,082 | $1,315 | $2,074 | $1,320 | $1,051 |
| 1 adult 4 children | $1,082 | $1,074 | $1,588 | $1,320 | $1,124 |
| 2 adults 3 children | $1,082 | $1,074 | $1,799 | $1,320 | $844 |
| 1 adult 3 children | $1,082 | $877 | $1,312 | $1,320 | $890 |
| 2 adults 2 children | $889 | $879 | $1,524 | $1,154 | $758 |
| 1 adult 2 children | $889 | $657 | $1,037 | $1,154 | $695 |
| 2 adults 1 child | $889 | $695 | $1,249 | $615 | $700 |
| 1 adult 1 child | $889 | $449 | $762 | $615 | $566 |
| 2 adults | $675 | $558 | $973 | $0 | $549 |
| 1 adult | $657 | $305 | $487 | $0 | $468 |
Safety trends & Data
Marion County, Ohio has experienced a notable decrease in property crime over the past five years, with larceny-theft incidents dropping from over 400 in 2018 and 2019 to just 72 in 2022. Burglary incidents have also fallen from 30 to 18 over the same period. Lesser declines are observed in fraud, vandalism, and stolen property crimes, which could still matter to potential investors and real estate professionals. Declining crime rates may positively influence property values and insurance... Read more
Property Crime Trends in Marion County, OH Over the Last 5 Years
Marion County, Ohio has seen a noticeable decrease in property crime over the past five years. Larceny-theft was significantly higher in 2018 and 2019 with over 400 incidents, but dropped sharply to 77 and 72 by 2021 and 2022. Burglary incidents also decreased from 30 in 2018 and 2019 to 18 in 2022. Fraud, vandalism, and crimes related to stolen property have shown slightly less dramatic declines. These trends could be of interest to potential investors, appraisers, and real estate professionals considering property in the area, as declining crime rates may positively impact property values and insurance costs.
Demographics
Marion County, Ohio displays a diverse demographic composition, with slightly more males than females. The county's educational attainment shows a significant proportion with a high school degree or higher, although those holding bachelor’s and graduate degrees are notably less common. Age-wise, the population skews towards those in their prime working years, specifically the 25 to 64 age bracket. Racially, the county is predominantly white, but there is a presence of other racial and ethnic... Read more
Race Distribution in Marion County, Ohio (2022)
Educational Attainment in Marion County, Ohio (2022)
Age Distribution in Marion County, Ohio
Citizen Population in Marion County, Ohio (2022)
Political Trends & Data
In Marion County, Ohio, the Republican party seemed to dominate the 2020 U.S. Presidential Election with an estimated 68.40% of the vote, while the Democratic party appeared to lag significantly at around 29.70%. This suggests a strong GOP presence, possibly indicating a deeply rooted conservative preference that could influence local political strategies and future election campaigns. Small parties, including the Libertarian party, seemed to have minimal impact, each securing less than 1.50%... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Marion County, Ohio, the Republican party appeared to secure a significant lead with an estimated 68.4% of the vote in the 2020 U.S. Presidential Election. The Democratic party seemed to trail at around 29.7%, showcasing a marked preference for the GOP among voters. The Libertarian party and other smaller parties combined might have garnered only a minor portion of the electorate's support, each earning under 1.5% of the total vote. This trend could reflect a deeply ingrained red lean within the county, a noteworthy point for any political analysis or future campaign strategy.
68.38% of voters voted for the Republican party in the 2020 Presidential Election
29.73% of voters voted for the Democrat party in the 2020 Presidential Election
1.49% of voters voted for the Livertarian party in the 2020 Presidential Election
0.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marion County, Ohio has seen noteworthy shifts in its student-to-teacher ratio, peaking at 24:1 in 2021 and dropping to 16:1 in 2020, compared to a nationwide average of 14:1. These fluctuations may point to challenges in personalized education and could sway real estate desirability, insurance evaluations, and appraisals, indicating changes in local demand for family housing and affecting decisions for investors, movers, builders, and real estate... Read more
Student-to-teacher ratio in Marion County, Ohio over the last 9 years
Over the past nine years, Marion County, Ohio has experienced notable fluctuations in its student-to-teacher ratio, ranging from a high of 24 students per teacher in 2021 to a low of 16 in 2020. Compared to the national average of 14 students per teacher, Marion County's ratios have consistently been higher, which could suggest potential challenges in delivering personalized attention and quality education. These variations could impact real estate desirability, insurance assessments, and appraisals, signaling changes in local demand for family housing and influencing decisions for investors, movers, builders, and real estate agents.
