Noble County Real Estate and Livability Trends
Noble County, Ohio's real estate market shows an upward trend in home values, advancing from $87,100 in 2015 to $137,500 in 2022, making it a potentially affordable entry point with appreciation potential. Notable tax dynamics, such as increased real estate taxes rising from $1,635.53 in 2012 to $2,714.29 in 2021, likely reflect rising property values or changes in tax policy. The area’s... Read more
Noble County Market Trends
The median home values in Noble County, Ohio have been on an upward trajectory, growing from $87,100 in 2015 to $137,500 in 2022, though still trailing state and national averages. This slower pace could make Noble County a more affordable entry point with potential for appreciation. Residential energy tax credits have also spiked recently, hitting $576.92 in 2021, possibly reflecting growing... Read more
Median Value of Occupied Housing Units in Noble County, Ohio Over the Last 8 Years
The median home values in Noble County, Ohio have shown consistent growth over the last eight years, rising from $87,100 in 2015 to $137,500 in 2022. While these increases are promising, they lag behind the state of Ohio, where values increased from $129,900 in 2015 to $183,300 in 2022, and the national level, which saw values rise from $125,500 to $179,400 during the same period. For investors and homebuyers, Noble County might offer more affordable entry points, potentially indicating room for appreciation as it catches up with broader market trends.
Residential Energy Tax Credit Per Tax Return in Noble County, OH Over the Last 8 Years
Over the last eight years in Noble County, Ohio, the average residential energy tax credit per tax return has shown significant fluctuations, with notable increases in recent years. In 2020, there was a sharp rise to $430.00, followed by an even higher jump to $576.92 in 2021. This trend might suggest growing investments in energy-efficient home improvements, potentially increasing property values and presenting a compelling opportunity for real estate investors, appraisers, and insurance agents. Such data could signal increased demand for energy-efficient homes, which is valuable information for those looking to build or buy property in the area. Additionally, the consistent upward movement from 2019 onward could indicate a broader trend towards sustainability in the community, making it attractive to environmentally-conscious buyers.
Average Real Estate Taxes Per Tax Return in Noble County, OH Over the Last 10 Years
Real estate taxes per tax return in Noble County, Ohio have shown a significant upward trend over the past decade, starting at approximately $1,635.53 in 2012 and reaching around $2,714.29 in 2021. This continual rise, peaking at $3,042.86 in 2020, may signal increasing property values or changes in tax policy, relevant for investors, property developers, and insurance agents evaluating the area. The escalation affects potential homebuyers and could be a critical factor for real estate agents when advising clients.
Percentage of Farm Returns in Noble County, OH Over the Last 10 Years
Over the past decade, the percentage of farm returns in Noble County, Ohio, has shown slight fluctuations. Starting from 9.55% in 2012, it peaked minimally at 9.85% in 2016, but experienced a noticeable dip to 7.65% in 2020, before partially recovering to 8.41% in 2021. Farm tax returns generally represent the proportion of tax filings from agricultural operations, an indicator of the region's farming activity. For investors, property developers, or those considering relocation, these trends might suggest a modest but significant variational presence of agriculture which could be a critical factor in economic assessments and land use planning.
Number of Mortgages by Occupancy Type in Noble County, OH Over the Last 5 Years in Noble County
In Noble County, Ohio, over the last five years, there's been a noticeable fluctuation in mortgage counts for different occupancy types. Principal Residences consistently dominate in numbers, peaking in 2021 with 391 mortgages before dropping to 273 in 2022. Investment Properties and Second Residences have seen much lower but somewhat stable numbers, with a slight increase in Second Residence mortgages in recent years. These shifts may impact a range of stakeholders. For investors, the relative stability and low numbers of Investment Properties might point to a conservative, less speculative market. Appraisers and insurance agents might find the dominance of principal residence mortgages indicative of fewer risks associated with non-owner-occupied properties. Understanding these trends can help real estate agents guide potential buyers or developers in identifying demand dynamics and planning their strategies accordingly.
Economic Outlook
In Noble County, Ohio, the average taxable income per tax return has experienced notable fluctuations, with peaks in 2014 at $64,463.86 and 2015 at $56,409.83 and a dip to $48,617.13 in 2016, but recent years like 2021 showing a moderate recovery to $56,315.19. This variability suggests a community that, while facing economic uncertainties, demonstrates resilience and potential for rebound. State and local income taxes also show considerable variation, peaking at approximately $8,301.30 in 2012... Read more
Average Taxable Income per Tax Return in Noble County, OH over the last 9 years
The average taxable income per tax return in Noble County, Ohio has shown some fluctuation over the past nine years. Peaks were observed in 2014 with an average of $64,463.86 and in 2015 at $56,409.83, while a notable dip occurred in 2016, reaching $48,617.13. Recent years have seen a moderate recovery, with 2021's average income nearing $56,315.19. These trends are substantial for potential investors, real estate agents, and insurance agents evaluating the economic stability and growth potential of the region. The varied income levels may suggest economic uncertainty but also indicate a resilient community capable of rebounding.
Average State and Local Income Taxes Per Tax Return in Noble County, OH Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Noble County, Ohio, have shown significant fluctuations, with figures peaking at around $8,301.30 in 2012 and dipping to a low of roughly $4,460.32 by 2017. Recently, taxes per return have settled somewhat, reaching $5,825.00 in 2021. These shifts indicate a variable taxable income landscape, potentially reflecting changes in the local economy and workforce earnings. For investors, potential new residents, and real estate experts, understanding these trends could provide critical insights into the region's financial status and its future economic potential.
Average Total Tax Liability Per Tax Return in Noble County, OH Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Noble County, Ohio has shown notable fluctuations. For instance, in 2014, the figure spiked to $12,926.57, while 2020 saw a significant dip to $6,055.50. These variations might hint at underlying economic shifts or changes in local income levels that could impact decisions around property investments or insurance evaluations. For those keeping an eye on financial stability and growth trends, understanding these fluctuations could be crucial to making well-informed choices.
Cost of Living in Noble County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $966 | $1,355 | $1,981 | $1,320 | $1,036 |
| 1 adult 4 children | $966 | $1,107 | $1,515 | $1,320 | $1,112 |
| 2 adults 3 children | $966 | $1,107 | $1,718 | $1,320 | $829 |
| 1 adult 3 children | $966 | $904 | $1,253 | $1,320 | $875 |
| 2 adults 2 children | $794 | $906 | $1,456 | $1,154 | $750 |
| 1 adult 2 children | $794 | $677 | $990 | $1,154 | $687 |
| 2 adults 1 child | $794 | $716 | $1,193 | $615 | $689 |
| 1 adult 1 child | $794 | $463 | $728 | $615 | $553 |
| 2 adults | $703 | $575 | $931 | $0 | $572 |
| 1 adult | $587 | $314 | $465 | $0 | $455 |
Demographics
In Noble County, Ohio, the adult population skews significantly more male, with approximately 60% males compared to 40% females. The age distribution leans towards older demographics, with notable numbers in the 55-64 and 65-74 age brackets, which might point to a trend of aging residents. Educational attainment shows a strong bias towards high school graduates, though a smaller portion of the population holds college degrees. The racial makeup is predominantly White, with other races... Read more
Race Distribution in Noble County, Ohio (2022)
Educational Attainment in Noble County, Ohio (2022)
Age Distribution in Noble County, Ohio
Citizen Population in Noble County, Ohio (2022)
Political Trends & Data
In Noble County, Ohio, real estate market trends could be influenced by its marked political leanings, with nearly 81% of residents voting Republican in the 2020 U.S. Presidential Election. This political consistency hints at a stable, traditionally conservative community which might appeal to buyers seeking such environments. However, the area's market dynamics could be less affected by shifts in political sentiment and more driven by other factors, such as economic policies favored by local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Noble County, Ohio, seemingly leans heavily Republican with close to 81% of the vote in the 2020 U.S. Presidential Election. While Democrats secured roughly 18%, minor parties like the Libertarians and others combined for a negligible share just over half a percent. This potentially indicates a strong, consistent conservative base in the region.
80.96% of voters voted for the Republican party in the 2020 Presidential Election
18.45% of voters voted for the Democrat party in the 2020 Presidential Election
0.39% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Noble County, Ohio sports a student-to-teacher ratio consistently below the national average, hovering around 11 in 2023. This could suggest more individualized attention for students, attracting families and educational professionals. Real estate investors might view this as a growth opportunity, while appraisers and insurance agents may need to account for these demographic... Read more
Student-to-teacher ratio in Noble County, Ohio over the last 9 years
Noble County, Ohio has maintained a student-to-teacher ratio consistently below the national average of 14. Starting from 10 in 2014 and peaking slightly above 12 by 2017, the ratio has shown minor fluctuations but generally trended lower in recent years, settling around 11 in 2023. This relatively lower student-to-teacher ratio could potentially mean more individualized attention for students, which might attract families and educational professionals considering relocation. Additionally, real estate investors and builders might see this as a promising factor for community growth, while appraisers and insurance agents might need to account for these demographic dynamics in their assessments.
