Morgan County Real Estate and Livability Trends
Morgan County, Ohio, has seen its median home value jump from $88,300 in 2015 to approximately $121,200 in 2022, suggesting a growth appeal even though it lags behind state and national averages. With residents enjoying rising taxable incomes—averaging about $48,753.13 in 2021—the area seems to be experiencing some economic traction. Homebuyers have also shown a notable uptick in interest,... Read more
Morgan County Market Trends
Morgan County, Ohio has seen its median home value increase from $88,300 in 2015 to $121,200 in 2022, signaling potential growth appeal despite trailing state and national averages. Rising residential energy tax credits, from $263.16 in 2013 to $1,110.00 in 2021, suggest a growing interest in energy-efficient home improvements. Real estate taxes per return peaked at $2,277.78 in 2018, hinting at... Read more
Median Value of Occupied Housing Units in Morgan County, Ohio Over the Last 8 Years
Morgan County, Ohio has experienced impressive growth in median home values over the last eight years, starting at $88,300 in 2015 and climbing to $121,200 by 2022. Even though Morgan County's 2022 median home value trails the national average of $179,400 and Ohio's state average of $183,300, the county has seen a steady upward trend, outpacing some areas in terms of percentage growth. This could signal a rising interest in the area, making it potentially appealing for those looking to invest or build property.
Residential Energy Tax Credit Per Tax Return in Morgan County, OH Over the Last 8 Years
Morgan County, Ohio has potentially seen a significant increase in residential energy tax credit values per tax return over the last eight years, moving from $263.16 in 2013 to a high of $1,110.00 in 2021. This upward trajectory may suggest growing investments in energy-efficient home improvements, which could be attractive to real estate investors and potential homeowners looking for forward-thinking communities. For insurance agents and appraisers, these enhancements might indicate a trend towards higher property values and improved risk profiles. Additionally, those in the property development sector might find this trend indicative of a market increasingly conscious of sustainability.
Average Real Estate Taxes Per Tax Return in Morgan County, OH Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Morgan County, Ohio have mostly trended upwards, peaking at $2277.78 in 2018. This upward movement can inform investment strategies, suggesting a potential increase in property values. However, the jump between 2017 and 2018 may warrant deeper analysis for those interested in market dynamics or planning new property developments. Investors and appraisers might find these trends useful for forecasting future tax implications and assessing the overall economic health of the county.
Percentage of Farm Returns in Morgan County, OH Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Morgan County, Ohio has hovered between 8.42% and 8.94%. These figures suggest a relatively stable agricultural sector, with slight fluctuations but no major spikes or drops. For those considering investing, moving to, or building property in Morgan County, these steady numbers might indicate an enduring presence of farming activity, which could influence local economic conditions, land use, and community services. This data could be particularly insightful for those interested in the agribusiness or related industries, providing a snapshot of the region's agricultural stability.
Number of Mortgages by Occupancy Type in Morgan County, OH Over the Last 5 Years in Morgan County
Morgan County, Ohio has seen a noticeable fluctuation in mortgage counts across different occupancy types over the past five years, with principal residences consistently making up the majority of mortgages. The number of mortgages for principal residences surged from 354 in 2018 to a peak of 514 in 2021, suggesting a strong local demand for primary housing. Investment properties and second residences have had relatively stable but lower numbers, with investments slightly decreasing from 19 in 2020 to 14 in 2022, and second residences modestly varying, peaking at 27 in 2021. These shifts are significant for potential investors and developers, indicating evolving market dynamics, which may influence property value appraisals, insurance risk assessments, and the strategic decisions of real estate agents.
Economic Outlook
Morgan County, Ohio, has showcased an upward trend in average taxable income per tax return, moving from $38,462.33 in 2013 to $48,753.13 in 2021. This rise might hint at underlying economic development, drawing the interest of real estate agents, investors, and potential residents. Additionally, the county's average state and local income taxes have seen fluctuations but generally increased, impacting financial planning and potentially affecting real estate values and insurance premiums.... Read more
Average Taxable Income per Tax Return in Morgan County, OH over the last 9 years
In Morgan County, Ohio, there's been a generally upward trend in average taxable income per tax return over the past nine years. Starting from about $38,462.33 in 2013, the figure has risen to roughly $48,753.13 by 2021. This growth signals potential economic development, which might be of interest to real estate agents, investors, and those considering relocation. The increasing income levels could also influence property values and insurance premiums, making it a crucial piece of information for appraisers and insurance agents.
Average State and Local Income Taxes Per Tax Return in Morgan County, OH Over the Last 10 Years
Morgan County, located in Ohio, has seen a gradual increase in average state and local income taxes per tax return over the past decade. From $3,328.38 in 2012 to a peak of $5,971.43 in 2019, with a slight drop in 2020 but rising again to $5,450.00 in 2021, the trend suggests a fluctuating but overall upward trajectory. This dynamic may affect financial planning for prospective residents, investors, and real estate agents, as it indicates potential changes in the cost of living and economic environment in the county. Real estate appraisers and insurance agents might also need to factor in these variations when assessing property values and risk assessments.
Average Total Tax Liability Per Tax Return in Morgan County, OH Over the Last 10 Years
Over the past decade, Morgan County, Ohio has seen a consistent rise in the average total tax liability per tax return, starting at around $4,392.18 in 2012 and peaking at approximately $5,753.65 in 2021. This upward trend, albeit with minor fluctuations, indicates a growing financial responsibility for residents which could impact various economic aspects including appraisals, insurance rates, and real estate values. This progressive increase may be of particular interest to potential investors, homebuyers, and real estate professionals considering the area for its long-term financial implications.
Cost of Living in Morgan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $966 | $1,295 | $1,981 | $1,320 | $1,025 |
| 1 adult 4 children | $966 | $1,057 | $1,515 | $1,320 | $1,105 |
| 2 adults 3 children | $966 | $1,058 | $1,718 | $1,320 | $822 |
| 1 adult 3 children | $966 | $864 | $1,253 | $1,320 | $874 |
| 2 adults 2 children | $794 | $866 | $1,456 | $1,154 | $749 |
| 1 adult 2 children | $794 | $647 | $990 | $1,154 | $691 |
| 2 adults 1 child | $794 | $684 | $1,193 | $615 | $691 |
| 1 adult 1 child | $794 | $442 | $728 | $615 | $560 |
| 2 adults | $703 | $550 | $931 | $0 | $576 |
| 1 adult | $587 | $300 | $465 | $0 | $463 |
Safety trends & Data
Morgan County, Ohio's property crime trends highlight a generally low and fluctuating number of incidents over the last five years. Larceny-theft has consistently been the most common crime, whereas burglary saw a rise in 2022 with six reported cases. Motor vehicle theft has remained minimal, never exceeding one incident per year. Meanwhile, vandalism cases have decreased from nine in 2018 to four in 2022. These patterns suggest a relatively stable but vigilant community environment,... Read more
Property Crime Trends in Morgan County, OH Over the Last 5 Years
Property crime trends in Morgan County, Ohio, suggest a fluctuating but generally low number of incidents over the last five years, with larceny-theft consistently being the most common crime. Burglary incidents saw a notable increase in 2022 with six reported cases, while motor vehicle theft has remained low, never exceeding one incident per year. Vandalism cases have seen variable numbers but experienced a decline from nine in 2018 to four in 2022. These patterns could imply a relatively stable but vigilant community environment, making it a cautiously optimistic area for investment, development, and real estate activities.
Demographics
Morgan County, Ohio, displays intriguing demographic trends with a nearly equal adult population between males and females, suggesting balanced gender representation. Educational attainment shows a significant portion of residents holding high school diplomas or some college experience, yet a smaller number achieve bachelor's or graduate degrees, indicating potential barriers to higher education. Age distribution suggests a more mature demographic, with a pronounced number of individuals aged... Read more
Race Distribution in Morgan County, Ohio (2022)
Educational Attainment in Morgan County, Ohio (2022)
Age Distribution in Morgan County, Ohio
Citizen Population in Morgan County, Ohio (2022)
Political Trends & Data
Morgan County, Ohio tends to lean heavily Republican, as indicated by the 2020 U.S. Presidential Election where Republicans likely secured around 73.6% of the vote. Democrats may have garnered only about 25.2%, with third parties capturing less than 1%. This political tendency could play a role in shaping local policies and economic conditions, potentially impacting real estate trends and investment opportunities in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Morgan County, Ohio, the 2020 U.S. Presidential Election saw Republicans potentially securing a commanding lead with approximately 73.6% of the vote, while Democrats might have garnered about 25.2%. The presence of third parties was minimal, with Libertarians capturing just under 1% and other minor parties collectively totaling around 0.2%. This could indicate a strong Republican leaning within the county.
73.62% of voters voted for the Republican party in the 2020 Presidential Election
25.19% of voters voted for the Democrat party in the 2020 Presidential Election
0.93% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
Morgan County, Ohio's student-to-teacher ratio has decreased from 14 in 2014 to just above 11 in 2023, dipping below the national average. This trend could be a key factor for investors and real estate agents looking to identify areas of increased desirability due to a perceived higher quality of education. For appraisers and insurance agents, understanding these fluctuations may be crucial for assessing property values and related risks. Builders might also find this data instrumental in... Read more
Student-to-teacher ratio in Morgan County, Ohio over the last 9 years
Morgan County, Ohio has experienced fluctuations in its student-to-teacher ratio over the past nine years, with a notable decrease from 14 students per teacher in 2014 to just above 11 in 2023. On average, this area has seen ratios hover around the national average of 14 but has recently dropped below it. Such changes can impact various stakeholders; for potential investors and real estate agents, lower ratios could signify a higher quality of education, making the area more attractive to families. For appraisers and insurance agents, understanding these trends may assist in assessing property values and risks, respectively. Potential builders might find this data useful in projections for new school facility requirements, while residents can gauge these metrics as an indicator of local education quality.
