Mercer County Real Estate and Livability Trends
Mercer County, Ohio has experienced consistent economic growth, evidenced by the rise in average taxable income from $51,650.79 in 2013 to $73,394.48 in 2021, likely attracting both investors and prospective homeowners. This growth parallels significant increases in state and local income taxes, averaging $12,391.84 per tax return in 2021, which might signify economic shifts or policy... Read more
Mercer County Market Trends
Mercer County, Ohio has experienced a strong upward trajectory in median home values, rising from $130,200 in 2015 to $192,800 in 2022, outpacing state and national averages. Notably, residential energy tax credits per tax return hit $3,550.00 in 2018, indicating a growing trend towards energy-efficient improvements which could attract eco-conscious buyers. Additionally, real estate taxes have... Read more
Median Value of Occupied Housing Units in Mercer County, Ohio Over the Last 8 Years
Mercer County, Ohio has seen a consistent upward trend in median home values over the last 8 years, significantly outpacing both state and national averages. From 2015 to 2022, Mercer County's median home value surged from $130,200 to $192,800, reflecting robust local demand. For context, Ohio's median values during this period rose from $129,900 to $183,300, while the national figures climbed from $125,500 to $179,400. This consistent growth in Mercer County might be attractive for potential investors and homebuyers seeking reliable long-term property value increases in Ohio.
Residential Energy Tax Credit Per Tax Return in Mercer County, OH Over the Last 9 Years
Mercer County, Ohio has seen significant fluctuations in the average residential energy tax credit per tax return over the last nine years, with notable spikes in years like 2018 where it reached $3,550.00. This upward trend, particularly noticeable from 2015 to 2018, reflects growing investments in energy-efficient home improvements, potentially signaling stronger homeowner incentives or policy changes favoring sustainable living. For real estate agents and investors, these numbers suggest a market increasingly leaning towards energy efficiency, making eco-friendly property features more appealing. Appraisers and insurance agents might be interested in these trends for assessing property values and calculating premiums, respectively, based on enhanced energy efficiency measures.
Average Real Estate Taxes Per Tax Return in Mercer County, OH Over the Last 10 Years
Over the past decade, Mercer County, Ohio has seen a notable increase in average real estate taxes per tax return, climbing from around $2,443 in 2012 to approximately $3,832 by 2021. The sharpest hikes occurred between 2016 and 2019, reflecting broader property value trends and perhaps updates in tax assessments. This upward trend could impact decisions for potential investors, prospective homeowners, and real estate professionals. It also carries implications for appraising property values and setting insurance rates in the region.
Percentage of Farm Returns in Mercer County, OH Over the Last 10 Years
Mercer County, Ohio, has witnessed slight fluctuations in the percentage of farm tax returns over the last decade, ranging between 6.23% and 6.69%. Farm tax returns represent the proportion of tax filings that report income and expenses solely related to agricultural activities. This data is crucial for investors, potential residents, and property developers, suggesting the consistency and potential vitality of the agricultural sector in the region. While there is some variation in the year-to-year data, the approximately stable trend signals a reliable agri-economy which could be a promising indicator for those looking to tap into or support local farming initiatives.
Number of Mortgages by Occupancy Type in Mercer County, OH Over the Last 5 Years in Mercer County
In Mercer County, Ohio, the highest volume of mortgages over the past five years has consistently been in principal residences, peaking at nearly 1,500 in 2020. Investment properties and second residences have maintained relatively stable, yet significantly lower counts. These occupancy trends matter for potential investors and real estate agents because fluctuations in the dominant type of mortgage reflect market demands. For appraisers and insurance agents, knowing the prevailing occupancy type is crucial for accurate property valuations and risk assessments. Builders and developers might be particularly interested in the high demand for primary housing, which suggests potential opportunities for expansion in that segment. Meanwhile, those living in the area might observe that principal residences dominate the landscape, possibly contributing to community stability and lower vacancy rates.
Economic Outlook
Mercer County, Ohio has shown a generally upward trend in average taxable income per tax return, rising from $51,650.79 in 2013 to $73,394.48 in 2021. This suggests economic growth and could attract investors and prospective homeowners. State and local income taxes per tax return have also increased significantly, from a range of $5,662.03-$7,237.85 (2012-2017) to $12,391.84 in 2021, indicating potential economic shifts or policy changes. Average total tax liability per tax return has similarly... Read more
Average Taxable Income per Tax Return in Mercer County, OH over the last 9 years
Mercer County, Ohio, has seen a generally upward trend in average taxable income per tax return over the last nine years, suggesting economic growth despite some fluctuations. From $51,650.79 in 2013, income averages rose to $73,394.48 by 2021, with notable increases in more recent years. This upward trend might be of interest to investors, prospective homeowners, and real estate agents as it implies increasing prosperity and potential for growth in the region.
Average State and Local Income Taxes Per Tax Return in Mercer County, OH Over the Last 10 Years
Mercer County, Ohio's state and local income taxes per tax return have seen a notable increase over the last decade. After fluctuations between $5,662.03 and $7,237.85 between 2012 and 2017, significant rises were noted from 2018 onwards, culminating in an average of $12,391.84 in 2021. This upward trend could indicate economic growth or changing tax policies, making it a point of interest for investors, property developers, and those considering relocation. The marked increase in recent years might also impact property appraisals and insurance rates in the area.
Average Total Tax Liability Per Tax Return in Mercer County, OH Over the Last 10 Years
Average total tax liability per tax return in Mercer County, Ohio exhibits fluctuating trends over the past decade. From 2012 to 2021, tax liability rose significantly from $7,605.41 to $11,216.44, reflecting economic shifts and potential increases in property values and income levels. A notable dip occurred in 2016 with $8,173.72, but the overall trajectory suggests a general upward trend. This matters for investors, potential homeowners, insurance agents, and real estate professionals interested in assessing the tax environment, which can impact property valuations and overall cost of living in the county.
Cost of Living in Mercer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,063 | $1,247 | $1,817 | $1,320 | $995 |
| 1 adult 4 children | $1,063 | $1,018 | $1,389 | $1,320 | $1,090 |
| 2 adults 3 children | $1,063 | $1,018 | $1,577 | $1,320 | $807 |
| 1 adult 3 children | $1,063 | $831 | $1,149 | $1,320 | $876 |
| 2 adults 2 children | $794 | $834 | $1,337 | $1,154 | $715 |
| 1 adult 2 children | $794 | $623 | $909 | $1,154 | $665 |
| 2 adults 1 child | $794 | $659 | $1,097 | $615 | $668 |
| 1 adult 1 child | $794 | $426 | $668 | $615 | $551 |
| 2 adults | $603 | $529 | $856 | $0 | $532 |
| 1 adult | $599 | $289 | $428 | $0 | $468 |
Safety trends & Data
In Mercer County, Ohio, property crime trends over the past five years show significant variability, particularly in Larceny - Theft cases which peaked at 6.00 incidents in 2022. However, crimes like Vandalism and Fraud remained relatively stable and low. The sporadic nature of Burglary and Stolen Property incidents suggests these aren't persistent problems. Understanding these fluctuations is essential for real estate professionals, appraisers, and potential residents, as they could affect... Read more
Property Crime Trends in Mercer County, OH Over the Last 5 Years
Over the last five years, Mercer County, Ohio has seen fluctuations in property crime, with Larceny - Theft numbers varying notably each year, peaking at 6.00 cases in 2022, while other crimes like Vandalism and Fraud remained relatively low and stable. Burglary and Stolen Property incidents were sporadic, suggesting these issues aren't consistent concerns. These trends could influence insurance premiums and investment decisions, making it crucial for real estate professionals, appraisers, and potential residents to stay informed about localized crime dynamics.
Demographics
Mercer County, Ohio shows a close gender balance in its adult population, with males slightly outnumbering females. The area demonstrates a strong leaning toward high school education as the most common level of attainment, yet there's a notable proportion who have pursued higher education, with bachelor's and graduate degrees each having significant representation. The age distribution suggests a more mature population, with sizeable cohorts spanning from children under 10 to adults in the... Read more
Race Distribution in Mercer County, Ohio (2022)
Educational Attainment in Mercer County, Ohio (2022)
Age Distribution in Mercer County, Ohio
Citizen Population in Mercer County, Ohio (2022)
Political Trends & Data
In Mercer County, Ohio, the 2020 U.S. Presidential Election likely highlighted a strong Republican leaning, with over 81% of the votes favoring the GOP. Democrats seemingly faced substantial obstacles, capturing around 17% of the vote. Minor parties, including the Libertarians, gathered a little over 1%. This data could suggest a predominantly conservative demographic in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mercer County, Ohio, the 2020 U.S. Presidential Election likely showcased a strong Republican presence, with over 81% of the votes leaning towards the GOP. Democrats might have faced significant challenges here, securing roughly 17% of the vote. Minor parties such as the Libertarians and others appear to have had minimal impact, collectively gathering slightly over 1%. These figures could indicate a heavily conservative voter base in this county.
81.87% of voters voted for the Republican party in the 2020 Presidential Election
16.96% of voters voted for the Democrat party in the 2020 Presidential Election
0.86% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Mercer County, Ohio has experienced significant changes in its student-to-teacher ratio, reaching nearly 24 students per teacher in 2020 before falling to around 16 students per teacher recently. These fluctuations could influence home buyers, investors, and developers by providing insights into local education quality. Real estate professionals and stakeholders should consider these trends, as better ratios may make the area more appealing and potentially impact property... Read more
Student-to-teacher ratio in Mercer County, Ohio over the last 9 years
Mercer County, Ohio has seen its student-to-teacher ratio fluctuate significantly over the past nine years, peaking at nearly 24 students per teacher in 2020 before dipping to around 16 students per teacher in more recent years. These variations can impact decisions for potential home buyers, investors, and developers as they offer insights into local education quality. With ratios often exceeding the national average of 14 students per teacher, families may find recent improvements encouraging. Fluctuations also matter for appraisers and insurance agents evaluating property values, as better student-to-teacher ratios can enhance the attractiveness of the area. Real estate agents should take note of these trends to better inform clients interested in the local education landscape.
