Miami County Real Estate and Livability Trends
In Miami County, Ohio, the average taxable income per tax return has surged from $52,443.99 in 2013 to $75,657.05 by 2021, indicating growing economic affluence. Local property values have outpaced both state and national growth rates, with median home values climbing from $136,800 to $190,900 over eight years. Real estate taxes also increased, from $2,500.88 in 2012 to $4,541.28 in 2021,... Read more
Miami County Market Trends
Over the past eight years, Miami County, Ohio has seen median home values rise from $136,800 to $190,900, outpacing both state and national growth rates. Average residential energy tax credits have fluctuated, peaking at $4090.00 in 2018, indicating a focus on energy-efficient improvements. Real estate taxes increased from $2,500.88 in 2012 to $4,541.28 in 2021, likely reflecting rising property... Read more
Median Value of Occupied Housing Units in Miami County, Ohio Over the Last 8 Years
Over the past 8 years, Miami County, Ohio has seen its median home values rise significantly from $136,800 in 2015 to $190,900 in 2022. Compared to the state of Ohio, where the median value went from $129,900 to $183,300 in the same period, Miami County's growth rate seems more robust. Nationally, median values have grown from $125,500 to $179,400, indicating Miami County's real estate market might be outperforming broader trends. This could be of interest to investors or prospective homebuyers looking for promising opportunities in a dynamically appreciating market.
Residential Energy Tax Credit Per Tax Return in Miami County, OH Over the Last 9 Years
Over the past nine years, Miami County, Ohio has seen a fluctuating trend in the average residential energy tax credit per tax return. The figures have varied significantly, peaking dramatically in 2018 at $4090.00. Subsequent years showed a return to more consistent, albeit higher than initial, average credits around the $900.00 mark. This upward shift generally suggests increasing investments in energy-efficient home improvements, which may be of interest to potential investors, homebuilders, or real estate stakeholders considering the region's growing emphasis on energy efficiency.
Average Real Estate Taxes Per Tax Return in Miami County, OH Over the Last 10 Years
Between 2012 and 2021, average real estate taxes per tax return in Miami County, Ohio have generally increased, starting from approximately $2,500.88 in 2012 to around $4,541.28 by 2021. Notably, there was a significant jump between 2017 and 2018, from approximately $3,135.27 to $4,076.86. This trend might suggest rising property values or adjustments in tax rates, which could affect considerations for investment, potential relocation, and property appraisals. Real estate and insurance agents might need to account for these shifts when advising clients.
Percentage of Farm Returns in Miami County, OH Over the Last 10 Years
Over the past ten years, Miami County, Ohio has shown a gradual decline in the percentage of farm tax returns. Starting at approximately 1.92% in 2012, the proportion has decreased to around 1.61% in 2021. For potential investors, builders, or movers, this trend might suggest a steady reduction in agricultural business activities, possibly indicating shifts towards other types of industries or land uses. Farm tax returns, which reflect the income reported by farmers, can serve as an indicator of the economic vitality of the farming sector within the county. The declining percentages could also imply changes in land values, land use policies, or farming viability, all crucial factors for those interested in the local real estate and economic landscape.
Number of Mortgages by Occupancy Type in Miami County, OH Over the Last 5 Years in Miami County
There has been a noticeable fluctuation in the number of mortgages for principal residences in Miami County, Ohio, spiking to 8663 in 2021 but seeing a decline to 5589 in 2022. While investment properties have seen a slight increase from 248 in 2018 to 324 in 2021, second residences consistently remain the smallest segment. These shifts are crucial for potential investors and real estate agents as they indicate changing preferences and economic conditions influencing housing demand. For appraisers and insurance agents, evolving occupancy types can impact property valuations and risk assessments, respectively. Understanding these dynamics can assist in making informed decisions regarding property development and market entry strategies.
Economic Outlook
In Miami County, Ohio, the average taxable income per tax return has shown a significant upward trend, climbing from about $52,443.99 in 2013 to approximately $75,657.05 by 2021, hinting at increasing economic affluence. Concurrently, state and local income taxes per return have also doubled, suggesting either rising incomes or tax policy changes that potential investors need to consider. The average total tax liability per tax return has likewise increased, reflecting potential economic... Read more
Average Taxable Income per Tax Return in Miami County, OH over the last 9 years
In Miami County, Ohio, the average taxable income per tax return has shown a consistent upward trend over the last nine years. Starting at around $52,443.99 in 2013, it has climbed steadily to about $75,657.05 by 2021. This growth could signal economic stability and increasing affluence in the area, which may be appealing to investors, new residents, and real estate professionals. The consistent rise in income levels could also impact property values and insurance considerations, possibly offering a more lucrative environment for those interested in the local market.
Average State and Local Income Taxes Per Tax Return in Miami County, OH Over the Last 10 Years
Over the past decade, Miami County, Ohio has seen a notable increase in average state and local income taxes per tax return, with the figures growing from $6,290.03 in 2012 to $12,628.05 in 2021. This upward trend could be a reflection of rising incomes and possibly changes in tax policies or economic conditions in the area. For potential investors and those considering moving to Miami County, this trend might necessitate a closer look at the financial environment and tax implications. Real estate agents and appraisers might also want to consider these rising taxes when evaluating property values and market dynamics.
Average Total Tax Liability Per Tax Return in Miami County, OH Over the Last 10 Years
Over the past ten years, Miami County, Ohio has seen a general rise in the average total tax liability per tax return, increasing from $7618.72 in 2012 to $11568.18 in 2021. Notable spikes occurred in 2015 and 2017, suggesting periods of significant economic changes. While there were minor fluctuations, the overall trend could indicate growing income or increased taxation policies. For investors, real estate agents, and property builders, this trend could reflect broader economic growth and rising property values in the area, while insurance agents might see this as a signal to adjust coverage amounts for their clients.
Cost of Living in Miami County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,225 | $1,383 | $1,723 | $1,413 | $1,094 |
| 1 adult 4 children | $1,225 | $1,130 | $1,325 | $1,413 | $1,208 |
| 2 adults 3 children | $1,225 | $1,130 | $1,491 | $1,413 | $894 |
| 1 adult 3 children | $1,225 | $923 | $1,093 | $1,413 | $983 |
| 2 adults 2 children | $934 | $925 | $1,260 | $1,256 | $774 |
| 1 adult 2 children | $934 | $691 | $861 | $1,256 | $741 |
| 2 adults 1 child | $934 | $731 | $1,028 | $743 | $728 |
| 1 adult 1 child | $934 | $472 | $630 | $743 | $611 |
| 2 adults | $729 | $587 | $797 | $0 | $556 |
| 1 adult | $659 | $320 | $398 | $0 | $471 |
Safety trends & Data
Miami County, Ohio's property crime trends over the past five years reveal a complex picture. While larceny-theft and vandalism incidents have peaked at 520 and 108 respectively, more severe crimes like arson and motor vehicle theft have shown slight but steady variations. Burglary cases hover around the mid-40s to 50s range, and fraud rates have impressively declined, reaching a low of 25 cases in 2021. These insights are valuable for investors, real estate agents, and insurance providers,... Read more
Property Crime Trends in Miami County, OH Over the Last 5 Years
Miami County, Ohio has been experiencing fluctuations in property crime over the past five years, with notable trends in specific categories. While incidents of larceny-theft and vandalism remain relatively high, peaking at 520 and 108 respectively, other crimes such as arson and motor vehicle theft have shown slight variation but stayed lower in number. Burglary cases have experienced minor increases and reductions, holding steady around the mid-40s to 50s range, and fraud rates have generally declined, hitting a notable low at 25 cases in 2021. These dynamics provide critical insights for investors, real estate agents, and insurance providers, highlighting both areas of concern and potential stability within the community.
Demographics
Miami County, Ohio shows a relatively balanced gender distribution with slightly more females than males in the adult population. Educational attainment data suggests a community where high school graduation is common, with substantial portions having some college experience or holding an associate's, bachelor’s, or graduate/professional degree. The county's age demographics indicate a significant portion of the population in the 35 to 64-year range, hinting at a potentially experienced... Read more
Race Distribution in Miami County, Ohio (2022)
Educational Attainment in Miami County, Ohio (2022)
Age Distribution in Miami County, Ohio
Citizen Population in Miami County, Ohio (2022)
Political Trends & Data
In Miami County, Ohio, the 2020 U.S. Presidential Election results indicate a noticeable Republican preference, with about 71.4% of the votes. The Democratic party secured around 27%, showing a smaller yet significant base. Minor parties collectively drew less than 2%. This could suggest a predominantly conservative community with some degree of political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Miami County, Ohio, the 2020 U.S. Presidential Election results suggest a significant leaning towards Republican candidates, with approximately 71.4% of the votes. The Democratic party drew around 27%, indicating a considerably smaller but still substantial level of support. Libertarian and other minor parties accounted for a very small fraction of the vote, collectively under 2%. This trend might highlight a predominantly conservative populace with limited but notable diversity in political preferences.
71.36% of voters voted for the Republican party in the 2020 Presidential Election
27.02% 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
The student-to-teacher ratio in Miami County, Ohio peaked at approximately 19.5 in 2014 and hit a low of around 17.7 in 2020, staying well above the national average of 14. This trend might suggest larger class sizes and demand for more educational resources, potentially impacting property values and community planning. Investors and developers could see these fluctuations as indicators of evolving local needs, while homebuyers may factor this into their evaluation of the area's education... Read more
Student-to-teacher ratio in Miami County, Ohio over the last 9 years
The student-to-teacher ratio in Miami County, Ohio has fluctuated over the last nine years, peaking at approximately 19.5 in 2014 and 19.2 in 2022 while hitting a low of around 17.7 in 2020. Even at its lowest, Miami County's ratio remains well above the current national average of 14, which might signal larger class sizes and potentially more demand on each teacher. For investors, developers, and real estate agents, these trends could imply a need for more educational resources, a factor that might influence property values and community planning. Prospective homebuyers or those interested in moving to the area may also find this information valuable when evaluating the quality of education.
