Morrow County Real Estate and Livability Trends
In Morrow County, Ohio, real estate trends suggest diverse economic influences, with median home values soaring 40% from $132,800 in 2015 to $185,800 in 2022, surpassing state and national averages. Increased average residential energy tax credits signal a push for energy-efficient homes, while real estate taxes doubling to $4,174.00 in 2021 point to higher property valuations and potentially... Read more
Morrow County Market Trends
Median home values in Morrow County, Ohio have risen 40%, from $132,800 in 2015 to $185,800 in 2022, outpacing both state and national trends. The county's average residential energy tax credit spiked to $3,220.00 in 2018 and remains higher than earlier years, indicating increased investment in energy-efficient homes. Real estate taxes have also more than doubled in the past decade to $4,174.00... Read more
Median Value of Occupied Housing Units in Morrow County, Ohio Over the Last 8 Years
Median home values in Morrow County, Ohio have exhibited a consistent upward trajectory over the last eight years, rising from $132,800 in 2015 to $185,800 in 2022. This 40% increase outpaces the state of Ohio, which saw values go from $129,900 to $183,300, and the national market where values rose from $125,500 to $179,400. Investing in Morrow County might offer a higher potential return compared to other areas, reflecting a robust local housing market that could be advantageous for those looking to buy, sell, or invest.
Residential Energy Tax Credit Per Tax Return in Morrow County, OH Over the Last 9 Years
Over the past nine years in Morrow County, Ohio, there has generally been a significant increase in the average residential energy tax credit claimed per tax return. Notably, the credit spiked dramatically in 2018 to $3,220.00, suggesting substantial investment in energy efficiency upgrades or solar installations. Although the credit amount has fluctuated since, it remains markedly higher than earlier years, with 2021 seeing an average credit of $1,293.94. This trend may signal rising awareness and adoption of energy-efficient practices among homeowners, serving as a key insight for real estate agents, appraisers, and investors considering the sustainability and energy costs of properties in the area.
Average Real Estate Taxes Per Tax Return in Morrow County, OH Over the Last 10 Years
Over the last decade, Morrow County, Ohio, has seen a consistent upward trajectory in average real estate taxes per tax return, jumping from $2,283.67 in 2012 to $4,174.00 in 2021. Notably, there was a marked increase between 2017 and 2018, with the average tax skyrocketing from $2,811.40 to $3,734.48. This indicates a potentially growing demand and property valuation in the area, making it crucial for investors, real estate agents, and appraisers to keep an eye on these trends. This data may also be valuable for those considering a move, as higher taxes often correlate with enhanced municipal services and amenities.
Percentage of Farm Returns in Morrow County, OH Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Morrow County, Ohio, has seen a slight decline from approximately 5.24% in 2012 down to about 4.56% in 2021. This data potentially indicates a reduction in active farming operations or a shift in the agricultural landscape of the county. Farm tax returns reflect the number of tax filings specifically from agricultural businesses, which can be a useful indicator of the health and scale of the farming sector locally. For those considering investment, relocation, or property development in Morrow County, these trends might suggest a need to investigate further into the local agricultural economy and related land use changes.
Number of Mortgages by Occupancy Type in Morrow County, OH Over the Last 5 Years in Morrow County
Morrow County, Ohio has seen fluctuations in the number of mortgages by occupancy type over the past five years. Mortgages for principal residences remained significantly higher compared to investment properties and second residences, but there have been notable increases and decreases year-to-year. In 2021, mortgages for principal residences peaked at 2,467, up from 1,827 in 2019, only to drop to 1,777 in 2022. Investment property mortgages have shown less variation, while second residences have consistently held the lowest numbers. These changes in occupancy type matter because they could signal shifting demographics and housing demands within the county, which are crucial for investors, appraisers, insurance agents, and real estate professionals to understand. Spikes in principal residence mortgages could indicate population growth or increasing desirability of the county as a primary settlement area. On the other hand, stability in investment property mortgages suggests steady interest from real estate investors, whereas fluctuations in second residence mortgages might point to changes in the county's appeal as a secondary or vacation destination.
Economic Outlook
Morrow County, Ohio has potentially seen steady economic growth, evidenced by the increase in average taxable income per tax return from $45,530.00 in 2013 to $62,002.21 in 2021. This financial uplift could be drawing interest from investors, new residents, and developers, likely affecting property values. Additionally, rising state and local income taxes, climbing from $4,488.89 in 2012 to $8,563.27 in 2021, may imply a growing economic base, valuable data for appraisers and insurance agents.... Read more
Average Taxable Income per Tax Return in Morrow County, OH over the last 9 years
Morrow County, Ohio has potentially seen a steady increase in average taxable income per tax return over the past nine years, growing from $45,530.00 in 2013 to $62,002.21 in 2021. This trend may indicate economic growth and a rise in earnings for residents, likely appealing to investors, new residents, and real estate developers. The consistent upward movement could also influence property valuations and may result in higher demand for real estate, impacting appraisals and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Morrow County, OH Over the Last 10 Years
The average state and local income taxes per tax return in Morrow County, Ohio have shown a noticeable increase over the past decade, rising from around $4,488.89 in 2012 to approximately $8,563.27 in 2021. This upward trend may indicate a growing economic base and possibly higher income levels within the county, factors that could be of interest to investors and real estate agents. Moreover, appraisers and insurance agents may find this data valuable when assessing property values and determining coverage costs. Higher income taxes might also suggest enhanced local services, possibly making the area more attractive to potential residents and business owners.
Average Total Tax Liability Per Tax Return in Morrow County, OH Over the Last 10 Years
Morrow County, Ohio has seen a steady uptick in the average total tax liability per tax return over the past decade. Starting at around $5,510.08 in 2012 and rising to approximately $7,919.57 by 2021, this trend suggests increased incomes or tax rates in the area. The jump in 2021 is notably significant, indicating potential economic growth or changes in tax policy. This data is crucial for investors, real estate agents, and others looking to understand the economic landscape of Morrow County when considering opportunities in the region.
Cost of Living in Morrow County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,154 | $1,323 | $2,085 | $1,413 | $1,241 |
| 1 adult 4 children | $1,154 | $1,080 | $1,604 | $1,413 | $1,331 |
| 2 adults 3 children | $1,154 | $1,081 | $1,804 | $1,413 | $1,003 |
| 1 adult 3 children | $1,154 | $882 | $1,323 | $1,413 | $1,086 |
| 2 adults 2 children | $941 | $885 | $1,523 | $1,256 | $869 |
| 1 adult 2 children | $941 | $661 | $1,042 | $1,256 | $852 |
| 2 adults 1 child | $941 | $699 | $1,242 | $743 | $811 |
| 1 adult 1 child | $941 | $452 | $762 | $743 | $693 |
| 2 adults | $761 | $562 | $962 | $0 | $648 |
| 1 adult | $681 | $306 | $481 | $0 | $523 |
Safety trends & Data
Morrow County, Ohio has seen a spike in property crime over the past five years, notably in burglaries which rose from 1 in 2018 to 6 in 2022. This uptick could impact both home insurance rates and real estate values, making it important for potential investors and residents to stay informed. Larceny and theft incidents fluctuated but were notably present in 2019 and 2022, while vandalism and motor vehicle theft have also been consistently problematic. This trend underscores the growing need... Read more
Property Crime Trends in Morrow County, OH Over the Last 5 Years
Morrow County, Ohio has shown a noticeable rise in property crimes over the last five years. Burglary incidents, in particular, jumped from 1 in 2018 to 6 in 2022, suggesting an increasing trend that could affect home insurance rates and real estate values. Larceny and theft incidents have fluctuated, but interestingly enough, recorded a notable presence in 2019 and 2022. Other crimes like vandalism and motor vehicle theft have also contributed to the overall trend, with instances of vandalism showing consistent occurrences each year. This data is crucial for potential investors, residents, and real estate agents to consider, as it highlights the growing need for enhanced security measures in the area.
Demographics
Morrow County, Ohio's population dynamics showcase a near balance between males and females, with slightly more males. The educational attainment indicates a predominant high school graduate population, but a fair number possess bachelor's and graduate degrees. Age distribution hints at a substantial older demographic, particularly residents aged 55-64 years. The racial composition reveals a dominantly White community with minor representation from other... Read more
Race Distribution in Morrow County, Ohio (2022)
Educational Attainment in Morrow County, Ohio (2022)
Age Distribution in Morrow County, Ohio
Citizen Population in Morrow County, Ohio (2022)
Political Trends & Data
In Morrow County, Ohio, real estate trends could potentially be influenced by the county's strong Republican leanings, as evidenced by the 2020 Presidential Election results. The dominance of conservative values possibly shapes local property preferences, potentially favoring single-family homes with larger lots over urban-style apartments. However, the presence of third-party votes hints at some political diversity, which might attract a variety of buyers seeking different property... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Morrow County, Ohio, the 2020 U.S. Presidential Election results predominantly leaned towards the Republican party, possibly reflecting a strong conservative base. The Democratic support was considerably lower, with the Libertarian and other parties garnering minimal attention. This voting pattern might suggest a solidly Republican stronghold, though the presence of third-party votes indicates some level of political diversity.
76.27% of voters voted for the Republican party in the 2020 Presidential Election
21.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.39% of voters voted for the Livertarian party in the 2020 Presidential Election
0.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Morrow County, Ohio, the student-to-teacher ratio has fluctuated over the past nine years, with a peak at 24 in 2014 and a recent low of about 16. Currently, the ratio hovers around 15 students per teacher, still above the national average of 14. These shifts could impact education quality, teacher workload, and resource distribution, making the county's school district performance a key consideration for families, real estate agents, and... Read more
Student-to-teacher ratio in Morrow County, Ohio over the last 9 years
In Morrow County, Ohio, the student-to-teacher ratio has experienced notable fluctuations over the past nine years, ranging from a high of 24 students per teacher in 2014 to a low of about 16 in recent years. While the current ratio is closer to the 15 students per teacher, it still exceeds the national average of 14. These variations may influence educational outcomes, teacher workload, and resource allocation, potentially affecting property desirability for families prioritizing education quality. Real estate agents and investors might see this as a bellwether for assessing school district performance, while insurance agents could gauge risk factors linked with varying school environments.
