Monroe County Real Estate and Livability Trends
Monroe County, Ohio, has seen a consistent rise in median home values from $92,200 in 2015 to $122,800 in 2022, indicating potential investment opportunities, although still trailing behind Ohio's median of $183,300. Real estate taxes have nearly doubled over the past decade, suggesting increased property values or tax policy shifts; this should be factored into any financial planning.... Read more
Monroe County Market Trends
Monroe County, Ohio, has seen its median home values rise from $92,200 in 2015 to $122,800 in 2022, still below Ohio's median of $183,300. The county’s housing market could represent underappreciated investment opportunities. Residential energy tax credits per tax return have fluctuated widely, indicating shifting investment in energy-efficient upgrades, which might affect property values. Real... Read more
Median Value of Occupied Housing Units in Monroe County, Ohio Over the Last 8 Years
Monroe County, Ohio has experienced a steady increase in median home values over the last eight years, rising from $92,200 in 2015 to $122,800 in 2022. Although this represents a commendable growth, the county still trails behind Ohio's median value, which hit $183,300 in 2022, and the national median of $179,400. For investors and property developers, Monroe County presents possibly undervalued opportunities compared to state and national averages, suggesting room for significant growth potential. Existing homeowners might find their property values appreciating at a solid but slower rate, making it a potentially ideal spot for those seeking long-term investments or more affordable living options within Ohio.
Residential Energy Tax Credit Per Tax Return in Monroe County, OH Over the Last 8 Years
Over the last eight years in Monroe County, Ohio, the average residential energy tax credit per tax return has shown a high degree of fluctuation, dipping to a low in 2019 at around $233.33 and peaking early on in 2013 at approximately $457.89. More recently, there seems to be a rebound, with 2020 and 2021 seeing averages returning to around $414.29 and $400.00 respectively. This volatility could suggest varying levels of investment in energy-efficient home improvements, potentially influenced by changes in state policies or economic conditions. For investors and real estate agents, these trends might indicate an evolving market consciousness toward energy efficiency, which could impact property values and buyer preferences. Appraisers and insurance agents might also have an interest in these trends, as they could affect appraisal values and insurance premiums.
Average Real Estate Taxes Per Tax Return in Monroe County, OH Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Monroe County, Ohio have shown a notable upward trend. In 2012, the average tax was approximately $1,601.43, but by 2021 it had increased to about $3,387.50. This significant rise, particularly marked after 2018, might reflect growing property values or changes in local tax policies. For investors, property developers, and real estate agents, this steady increase could indicate a burgeoning market but also underscores the importance of understanding potential tax implications. Those considering a move to Monroe County should be mindful of these rising costs when budgeting for property purchases.
Percentage of Farm Returns in Monroe County, OH Over the Last 10 Years
In Monroe County, Ohio, farm returns over the last decade have tended to cluster around 9%. The percentages slightly fluctuate each year but generally maintain a steady presence, indicating a potentially stable agricultural sector. While peaks and dips are noticeable, such as a slight decrease to 8.87% in 2020, the overall consistency could be attractive for those considering agricultural investments or establishing farming operations. Farm tax returns serve as fiscal indicators, providing insights into the profitability and sustainability of agricultural ventures in the area, which in turn could influence decisions on property investments and economic opportunities available within the county.
Number of Mortgages by Occupancy Type in Monroe County, OH Over the Last 5 Years in Monroe County
In Monroe County, Ohio, the number of mortgages for principal residences has remained relatively steady, showing slight fluctuations around 270 to 366 over the past five years. In contrast, investment properties and second residences have seen lower and more varied counts, with investment properties peaking at 20 in 2019 and declining to 6 by 2021. These trends might suggest that the area is primarily attractive for permanent residency rather than for investment or vacation purposes. This can matter to investors, property appraisers, and real estate agents as it indicates the stability and potential growth of the primary residential market versus less sustained interest in secondary or investment properties.
Economic Outlook
Monroe County, Ohio, has shown significant fluctuations in average taxable income, state and local taxes, and total tax liabilities over the past decade. Peaks in taxable income were seen in 2013 and 2018, while 2016 marked a noticeable dip, hinting at economic volatility. State and local income taxes also varied, with a high in 2019 and a low in 2017, potentially reflecting shifts in the local employment landscape. These trends can impact investor confidence, property valuations, and insurance... Read more
Average Taxable Income per Tax Return in Monroe County, OH over the last 9 years
Over the past nine years, Monroe County, Ohio has experienced significant fluctuations in average taxable income per tax return. Peak values were seen in 2013 at $70,983.83 and 2018 at $69,821.13, highlighting potentially prosperous periods. Notably, there was a noticeable dip in 2016 to about $52,423.66, suggesting economic volatility in the region. For investors, real estate agents, and potential residents, these patterns may indicate the need for a closer look at local economic drivers and stability. Insurance agents might also find the variance useful in assessing risk patterns and pricing strategies.
Average State and Local Income Taxes Per Tax Return in Monroe County, OH Over the Last 10 Years
Over the last decade, Monroe County, Ohio has experienced notable fluctuations in average state and local income taxes per tax return, peaking at $13,688.89 in 2019 and hitting a low of $6,185.71 in 2017. This trend could suggest economic variability and potential shifts in the demographic or employment landscape. For those investing or moving to Monroe County, understanding these tax trends can be crucial for financial planning and long-term commitments. Real estate agents, appraisers, and insurance agents might find these variations impactful when assessing property values and insuring assets in the area.
Average Total Tax Liability Per Tax Return in Monroe County, OH Over the Last 10 Years
Monroe County, Ohio has seen fluctuating average total tax liabilities per tax return over the past decade, peaking in 2013 at $16,885.84 and hitting a low in 2020 at $8,461.76. This variability can influence investor confidence and insurance considerations while reflecting economic shifts that might impact real estate market stability and property valuations. Investors and potential residents should consider these trends as indicative of underlying economic changes.
Cost of Living in Monroe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,007 | $1,359 | $1,981 | $1,606 | $1,169 |
| 1 adult 4 children | $1,007 | $1,110 | $1,515 | $1,606 | $1,276 |
| 2 adults 3 children | $1,007 | $1,110 | $1,718 | $1,606 | $960 |
| 1 adult 3 children | $1,007 | $907 | $1,253 | $1,606 | $1,034 |
| 2 adults 2 children | $794 | $909 | $1,456 | $1,409 | $828 |
| 1 adult 2 children | $794 | $679 | $990 | $1,409 | $794 |
| 2 adults 1 child | $794 | $718 | $1,193 | $769 | $741 |
| 1 adult 1 child | $794 | $464 | $728 | $769 | $606 |
| 2 adults | $651 | $577 | $931 | $0 | $570 |
| 1 adult | $587 | $315 | $465 | $0 | $470 |
Safety trends & Data
In Monroe County, Ohio, property crime trends have shown fluctuations over the past four years, with burglaries being the most frequent, though they have decreased from 5.0 cases in 2019 to 1.0 in both 2021 and 2022. Motor vehicle thefts and fraud were reported in 2019 but have since declined, and there was an isolated arson case in 2020. This suggests that crime prevention measures might be effective, but occasional spikes highlight the need for continued vigilance among residents and... Read more
Property Crime Trends in Monroe County, OH Over the Last 4 Years
Property crime trends in Monroe County, Ohio, over the past four years show fluctuations with burglaries being the most recurrent type, although numbers have generally decreased from 5.0 occurrences in 2019 to 1.0 in both 2021 and 2022. Motor vehicle thefts and fraud were reported in 2019 but dropped off in subsequent years. An isolated case of arson was noted in 2020, along with stolen property incidents. This insight might imply that crime prevention measures could be working, but the occasional spikes suggest ongoing vigilance is essential for residents and potential investors.
Demographics
Monroe County, Ohio shows a nearly balanced male to female adult population split. Educational attainment highlights a predominance of high school graduates, but a notable gap exists in higher education levels, with relatively few holding bachelor's or graduate degrees. Age distribution presents an older-skewed demographic, particularly between the 55 to 74 age groups. Racial composition is predominantly White, with minimal representation from other racial groups. These trends could inform... Read more
Race Distribution in Monroe County, Ohio (2022)
Educational Attainment in Monroe County, Ohio (2022)
Age Distribution in Monroe County, Ohio
Citizen Population in Monroe County, Ohio (2022)
Political Trends & Data
Monroe County, Ohio, showed a strong conservative tilt in the 2020 U.S. Presidential Election, with the Republican Party capturing around 76% of the vote, while the Democratic Party only managed approximately 22%. The minimal impact of third-party candidates, with less than 1% of the vote, underscores deep-rooted political affiliations. This conservative bent could potentially influence local policy decisions and community dynamics, making it a notable factor for anyone looking into the area's... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Monroe County, Ohio saw a significant preference for the Republican Party in the 2020 U.S. Presidential Election, with the party capturing approximately 76% of the vote. The Democratic Party, in contrast, garnered about 22%, indicating a marked lean towards conservative politics. The Libertarian Party and other minor parties collectively made up less than 1% of the vote, suggesting minimal impact from third-party candidates. This distribution may point to deeply ingrained political affiliations within the county.
76.43% of voters voted for the Republican party in the 2020 Presidential Election
22.45% of voters voted for the Democrat party in the 2020 Presidential Election
0.76% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
Monroe County, Ohio has seen a notable decrease in the student-to-teacher ratio over the past nine years, from 16 students per teacher in 2014 to around 10 in 2023. This trend could indicate improved educational resources and more personalized attention for students, compared to the national average of 14 students per teacher. For investors, families, appraisers, and real estate agents, this change might suggest a boost in local educational quality, potentially making the area more attractive... Read more
Student-to-teacher ratio in Monroe County, Ohio over the last 9 years
Over the past nine years, Monroe County, Ohio has seen a significant decrease in the student-to-teacher ratio, starting from 16 students per teacher in 2014 and dropping to around 10 in 2023. This trend could indicate improved educational resources and more personalized attention for students compared to the national average of 14 students per teacher. For potential investors, families looking to move, appraisers, and real estate agents, this shift might suggest a positive development in local educational quality, potentially making the area more attractive for new residents. Lower ratios may also foster a stronger community appeal, impacting property values and demand for real estate in Monroe County.
