Medina County Real Estate and Livability Trends
Medina County, Ohio has seen a significant climb in median home values from $179,500 in 2015 to $249,700 in 2022, outpacing both state and national trends. Rising real estate taxes, from approximately $3,498.10 in 2012 to $5,925.09 in 2021, reflect appreciating property values and increased local funding needs. Interestingly, the shift towards owner-occupied homes over investment properties... Read more
Medina County Market Trends
Medina County, Ohio has experienced a notable surge in median home values, climbing from $179,500 in 2015 to $249,700 in 2022, outpacing both state and national trends. A peak in residential energy tax credits in 2018 suggests a period of heightened investment in energy-efficient upgrades, while the average tax credit has since moderated to around $550.00. Rising real estate taxes, from... Read more
Median Value of Occupied Housing Units in Medina County, Ohio Over the Last 8 Years
Medina County, Ohio has seen a significant increase in median home values over the past eight years, rising from $179,500 in 2015 to $249,700 in 2022. This growth rate outpaces both state and national trends, where Ohio saw an increase from $129,900 to $183,300 and the national median rose from $125,500 to $179,400 over the same period. For those looking to invest or move, Medina County's sharp appreciation could indicate a robust housing market and potential for future gains.
Residential Energy Tax Credit Per Tax Return in Medina County, OH Over the Last 9 Years
Over the past nine years, Medina County, Ohio has seen some notable fluctuations in average residential energy tax credits per tax return. In 2016 and 2017, there were slight increases reaching around $474.04 and $428.30 respectively. The real standout is 2018, where the credit per return skyrocketed to $2750.00, which may suggest significant investment in energy-efficient upgrades that year. More recently, there has been a general decline, maintaining an average closer to $550.00 from 2019 through 2021, indicating a moderation after the peak in 2018. This data could be significant for investors, insurance agents, and those in real estate, suggesting periods of increased interest in energy efficiency and potential for related opportunities.
Average Real Estate Taxes Per Tax Return in Medina County, OH Over the Last 10 Years
Over the past decade, Medina County, Ohio has seen a notable rise in average real estate taxes per tax return, starting at approximately $3,498.10 in 2012 and reaching $5,925.09 in 2021. This steady increase may reflect rising property values and potentially greater funding needs for local infrastructure and services. Investors and homeowners should consider these trends when budgeting for property costs, as rising taxes could influence property affordability and long-term fiscal planning. Real estate agents and appraisers might also view this data as indicative of a robust local market and a sign of ongoing property value appreciation.
Percentage of Farm Returns in Medina County, OH Over the Last 10 Years
In Medina County, Ohio, the percentage of farm tax returns over the last decade has generally hovered around 1.00%. This suggests that farming might be a stable but not dominant part of the local economy. With a slight dip from 0.99% in 2012 to around 0.88% in 2021, it appears there's been a gradual reduction in farm-related tax filings. For investors, builders, and new residents, this could hint at a shift away from agricultural land use, potentially opening opportunities for residential or commercial development. For those considering a move, understanding this trend may offer insights into the evolving character of the county.
Number of Mortgages by Occupancy Type in Medina County, OH Over the Last 5 Years in Medina County
The trend in Medina County, Ohio shows a consistent dominance of principal residence mortgages over investment and second residences in the last five years. Notably, the highest number of principal residences was in 2020 with 16,289 mortgages, while investment properties and second residences saw relatively stable but smaller figures. Changes in occupancy types can influence market stability, property values, and community demographics. For investors and real estate agents, understanding these trends could hint at demand for rental properties or identify lucrative areas for new developments. Shifts in principal residences also impact local services, school enrollments, and infrastructure needs, providing crucial information for city planners and businesses.
Economic Outlook
In Medina County, Ohio, the average taxable income per tax return has climbed from $63,551.38 in 2013 to $89,915.16 in 2021, pointing to promising economic growth. However, this rise is mirrored by increasing average state and local income taxes, doubling from $6,351.43 in 2012 to $13,125.28 in 2021, reflecting a higher cost of living. The average total tax liability also surged, indicating a more affluent but financially demanding environment. The poverty rate has fluctuated, recently... Read more
Average Taxable Income per Tax Return in Medina County, OH over the last 9 years
The average taxable income per tax return in Medina County, Ohio, has shown a notable increase over the past nine years, with the figure rising from approximately $63,551.38 in 2013 to around $89,915.16 in 2021. This steady upward trend indicates economic growth and potentially higher earning potential for residents, which could be appealing for real estate investors, individuals considering moving to the area, as well as property developers. This increase in income may also have implications for appraisers and insurance agents who might expect higher appraisals and insurance premiums, reflecting the enhanced economic standing of residents in this county.
Average State and Local Income Taxes Per Tax Return in Medina County, OH Over the Last 10 Years
Over the last decade, Medina County, Ohio has seen a notable rise in average state and local income taxes per tax return. From $6,351.43 in 2012, the figures have steadily climbed, especially after 2017, reaching $13,125.28 in 2021. This substantial increase could be particularly relevant for potential investors, new residents, property developers, appraisers, insurance agents, and local real estate professionals assessing the economic landscape and cost implications of living or doing business in the area.
Average Total Tax Liability Per Tax Return in Medina County, OH Over the Last 10 Years
The average total tax liability per tax return in Medina County, Ohio, has shown a steady increase over the past decade. Starting at approximately $9,939.28 in 2012, it surged to about $15,157.89 by 2021. This upward trend suggests a growing economic base or rising incomes, which could be attractive for investors and real estate agents. However, for potential homeowners or those building property, the increasing tax liability might be a point of consideration in financial planning. For insurance agents and appraisers, these figures could indicate shifts in property values and insurance needs.
Cost of Living in Medina County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,413 | $1,665 | $1,719 | $1,778 | $1,450 |
| 1 adult 4 children | $1,413 | $1,360 | $1,322 | $1,778 | $1,595 |
| 2 adults 3 children | $1,413 | $1,360 | $1,488 | $1,778 | $1,212 |
| 1 adult 3 children | $1,413 | $1,110 | $1,091 | $1,778 | $1,346 |
| 2 adults 2 children | $1,088 | $1,113 | $1,257 | $1,589 | $979 |
| 1 adult 2 children | $1,088 | $832 | $860 | $1,589 | $1,012 |
| 2 adults 1 child | $1,088 | $880 | $1,026 | $974 | $895 |
| 1 adult 1 child | $1,088 | $568 | $628 | $974 | $786 |
| 2 adults | $894 | $707 | $795 | $0 | $669 |
| 1 adult | $784 | $386 | $397 | $0 | $538 |
Safety trends & Data
Property crime trends in Medina County, Ohio, reveal interesting shifts over the past five years. Larceny-theft, while initially high at 236.00 cases in 2018, has gradually decreased to 101.00 by 2022. Vandalism cases peaked at 37.00 in 2021, and burglary rates have remained relatively steady, fluctuating between 6.00 and 23.00 cases. The recent introduction of arson and motor vehicle theft, though low in number, adds new dynamics to the local crime landscape. These patterns could significantly... Read more
Property Crime Trends in Medina County, OH Over the Last 5 Years
Property crime trends in Medina County, Ohio, show varying patterns over the past five years. While larceny-theft consistently leads in numbers, reaching 236.00 cases in 2018 and gradually decreasing to 101.00 by 2022, other crime types like vandalism and fraud also exhibit notable occurrences, with vandalism peaking at 37.00 in 2021. Burglary cases remain relatively steady, fluctuating between 6.00 and 23.00, signaling stability despite the overall decrease in certain crimes. Noteworthy is the introduction of arson and motor vehicle theft in the latter years, though their incidences remain low. These trends could be vital for those involved in real estate, insurance, and law enforcement to understand the local crime landscape and its potential impact on investments and safety.
Demographics
Medina County, Ohio, showcases a roughly balanced gender distribution among adults, though females edge out slightly. A significant majority hold at least a high school diploma, with 30,285 possessing a bachelor's and 15,904 a graduate degree. Age-wise, the population has a notable concentration in the 45 to 64-year-old bracket, suggesting a mature demographic that may impact local services and economy. The race distribution is predominantly White, with other racial groups collectively making... Read more
Race Distribution in Medina County, Ohio (2022)
Educational Attainment in Medina County, Ohio (2022)
Age Distribution in Medina County, Ohio
Citizen Population in Medina County, Ohio (2022)
Political Trends & Data
In Medina County, Ohio, real estate activities might be subtly influenced by the county's potential political leanings, with about 61% of votes favoring Republicans in the 2020 Presidential Election. This political climate could suggest a community with preferences that may shape local policies, impacting property values and market dynamics. Although Libertarians and other minor parties had a negligible impact with around 1% of votes, the primarily Republican support might hint at a stable,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Medina County, Ohio, the 2020 U.S. Presidential Election saw Republicans potentially outpacing Democrats with around 61% of the votes compared to the Democrats' 38%. Libertarians had a minor presence with approximately 1%, while other parties barely registered, leaving notable third-party or independent impact seemingly negligible. This suggests a possibly strong Republican leaning, though underlying factors could shift these dynamics in future elections.
61.04% of voters voted for the Republican party in the 2020 Presidential Election
37.61% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% 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
In Medina County, Ohio, the student-to-teacher ratio has decreased from 19 students per teacher in 2014 to 18 in recent years, suggesting smaller class sizes and a potentially more personalized educational experience, especially when compared to the national average of 14 students per teacher. This trend might influence school funding and resource allocation due to changes in occupancy type, such as a shift from larger to smaller household units. For investors and those looking to move to the... Read more
Student-to-teacher ratio in Medina County, Ohio over the last 9 years
In Medina County, Ohio, the student-to-teacher ratio has consistently decreased from 19 students per teacher in 2014 to 18 in recent years, with minor fluctuations. This trend of decreasing ratios could suggest smaller class sizes, potentially leading to a more personalized educational experience compared to the national average of 14 students per teacher. Changes in occupancy type, such as a shift from larger to smaller household units, might influence these ratios, affecting school funding and resource allocation. For investors, real estate agents, and those looking to move to the area, a lower student-to-teacher ratio might indicate a focus on education quality, which could be a significant factor in property values and community growth.
