Paulding County Market Trends
The median home values in Paulding County, Ohio have surged from $91,900 in 2015 to $122,200 in 2022, still lagging behind the state and national averages. This upward trend could hint at rising local demand or limited housing supply, making the area appealing for investors or developers. Residential energy tax credits here spiked to $5050.00 in 2018, suggesting increased investments in... Read more
Median Value of Occupied Housing Units in Paulding County, Ohio Over the Last 8 Years
Paulding County, Ohio has seen a significant increase in median home values over the past eight years, climbing from $91,900 in 2015 to $122,200 in 2022. This growth is even more pronounced considering the county's values were steadily lagging behind both the state average, which rose to $183,300, and the national average, peaking at $179,400 in 2022. Such an upward trend in property values might suggest growing local demand or limited housing supply, making Paulding County an interesting area for potential investors, new residents, or developers eyeing growth opportunities in Ohio.
Residential Energy Tax Credit Per Tax Return in Paulding County, OH Over the Last 9 Years
Residential energy tax credits in Paulding County, Ohio have shown considerable variability over the past nine years. The average credit per tax return notably surged to $5050.00 in 2018, a stark increase compared to previous years. While this peak saw a subsequent decline, the figures remained relatively high, pointing to increased investments in energy-efficient home improvements. For those interested in the real estate or property investment landscape, these trends might be indicative of evolving local incentives and homeowner priorities, particularly in greener technologies. Such data could also be valuable for insurance agents, appraisers, and anyone looking to understand economic behaviors in the area.
Average Real Estate Taxes Per Tax Return in Paulding County, OH Over the Last 10 Years
Over the past decade in Paulding County, Ohio, average real estate taxes per tax return have shown a mostly upward trajectory, especially notable after 2017. The trend suggests a significant rise from $1,858.82 in 2012 to $3,106.67 in 2021. This climb could indicate increasing property values or changes in tax rates, which might impact potential investors, homebuyers, insurance agents, and anyone looking to appraise or build property in the area. It hints at a growing economic vitality but also suggests higher homeownership costs.
Percentage of Farm Returns in Paulding County, OH Over the Last 10 Years
The farm tax returns in Paulding County, Ohio, have generally shown a slight decline over the past decade, dipping from approximately 6.02% in 2012 to around 5.08% in 2021. This consistent reduction indicates a gradual decrease in the number of farms filing taxes relative to overall tax returns filed in the county. For those looking to invest, move, or build property in Paulding County, this trend might suggest evolving agricultural dynamics, potentially pointing towards diversification in the local economy or shifts in land use away from traditional farming.
Number of Mortgages by Occupancy Type in Paulding County, OH Over the Last 5 Years in Paulding County
Mortgage trends in Paulding County, Ohio over the last five years reveal a notable priority towards principal residences, with mortgage counts reaching as high as 855 in 2021, while investment and second residences remain comparatively low. Shifts in occupancy types are crucial to understanding the market dynamics for those considering investments or relocations. A higher number of principal residence mortgages suggests a stable and growing local population, valuable insight for appraisers, real estate agents, and insurance agents. Lower numbers in investment and second residence categories could indicate lesser speculative opportunities, affecting builders and investors looking for high ROI areas.
Economic Outlook
Paulding County, Ohio's real estate market could be influenced by a steady increase in average taxable income per tax return, which climbed from around $44,574.00 in 2013 to roughly $58,918.00 in 2021. As incomes rise, the area might attract more investors and new residents, potentially boosting property values. However, the upward trend in state and local income taxes, from an average of $5,566.67 in 2012 to $8,413.33 in 2021, alongside fluctuating total tax liabilities peaking at $7,755.36 in... Read more
Average Taxable Income per Tax Return in Paulding County, OH over the last 9 years
Paulding County, Ohio has seen a notable trend in the average taxable income per tax return over the last nine years. From a low of around $44,574.00 in 2013, the average taxable income has generally risen, peaking at about $58,918.00 in 2021. This upward trajectory suggests economic growth, potentially making the area increasingly attractive to investors, real estate agents, and those looking to relocate. This trend might also influence property appraisals and insurance assessments, reflecting a community experiencing financial improvement and possibly increased demand for residential and commercial development.
Average State and Local Income Taxes Per Tax Return in Paulding County, OH Over the Last 10 Years
Over the last decade, Paulding County, Ohio has seen a noteworthy rise in average state and local income taxes per tax return, climbing from $5,566.67 in 2012 to $8,413.33 in 2021. This trend may suggest an increasing tax burden, potentially impacting property investments and cost of living assessments. Particularly for real estate agents, appraisers, and insurance agents, understanding this upward trajectory could be crucial for accurate evaluations and advice to clients considering moving to or building in the area.
Average Total Tax Liability Per Tax Return in Paulding County, OH Over the Last 10 Years
Paulding County, Ohio has experienced fluctuations in average total tax liability per tax return over the past decade, with the most notable increase occurring in 2021, where it reached $7,755.36. This figure represents a significant rise compared to previous years, suggesting potential changes in income levels or tax policies. This upward trend could indicate improved economic conditions or investment opportunities but may also imply higher living costs. For investors, real estate agents, or those considering a move, these changes in tax liability provide valuable insights into the financial landscape and economic health of the county.
Cost of Living in Paulding County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,079 | $1,287 | $1,817 | $1,320 | $1,034 |
| 1 adult 4 children | $1,079 | $1,051 | $1,389 | $1,320 | $1,134 |
| 2 adults 3 children | $1,079 | $1,051 | $1,577 | $1,320 | $840 |
| 1 adult 3 children | $1,079 | $858 | $1,149 | $1,320 | $912 |
| 2 adults 2 children | $794 | $861 | $1,337 | $1,154 | $732 |
| 1 adult 2 children | $794 | $643 | $909 | $1,154 | $682 |
| 2 adults 1 child | $794 | $680 | $1,097 | $615 | $681 |
| 1 adult 1 child | $794 | $439 | $668 | $615 | $560 |
| 2 adults | $691 | $546 | $856 | $0 | $568 |
| 1 adult | $587 | $298 | $428 | $0 | $470 |
Safety trends & Data
In Paulding County, Ohio, property crime data over the last five years shows interesting trends for real estate investors. Larceny-theft declined from four incidents in 2018 to none in 2022, suggesting improved community safety. Vandalism remained constant with one incident annually from 2018 to 2020. Stolen property cases fluctuated slightly, peaking at three in 2020. Burglary incidents were consistently low, dropping from two in 2020 to one in subsequent years. These trends could be valuable... Read more
Property Crime Trends in Paulding County, OH Over the Last 5 Years
In Paulding County, Ohio, property crime data over the last five years reveals nuanced trends of interest to real estate investors and professionals. Larceny-theft saw a notable decline from four incidents in 2018 to none in 2022, potentially indicating improved community safety measures or deterrents. Vandalism has maintained a constant but low presence, with one incident per year in 2018, 2019, and 2020. Markedly, incidents of stolen property either being bought, received, or possessed, fluctuated with a slight peak in 2020 at three cases. Burglary incidents persisted at low yet consistent rates with a decline from two in 2020 to one in subsequent years. Understanding these trends can aid in risk assessment for insurance underwriting and guide future property development strategies in the county.
Demographics
Paulding County, Ohio shows a relatively balanced gender distribution with slightly more females than males. Educational attainment skews heavily towards high school graduates, but there are modest segments pursuing higher education. The age distribution highlights a significant portion of the population in the rank-and-file workforce age group (25-64 years). Racially, the county is predominantly white, with very small percentages of other racial... Read more
Race Distribution in Paulding County, Ohio (2022)
Educational Attainment in Paulding County, Ohio (2022)
Age Distribution in Paulding County, Ohio
Citizen Population in Paulding County, Ohio (2022)
Political Trends & Data
Paulding County, Ohio, exhibited a clear preference for the Republican party in the 2020 U.S. Presidential Election, with roughly 75% of votes. The Democratic party secured nearly 24%, and Libertarians got just over 1%. The distinct lean toward conservative candidates and minimal third-party influence could shape local policies and investment opportunities, potentially impacting real estate dynamics and the types of businesses that thrive in this politically homogeneous... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Paulding County, Ohio, the 2020 U.S. Presidential Election results leaned heavily toward the Republican party with approximately 75% of the votes. Democrats garnered almost 24%, while Libertarians received just over 1%. Other parties collectively made up a small fraction of the total, indicating a strong two-party preference in the region. This trend might suggest a predominantly conservative voting base, with limited support for third-party candidates.
74.85% of voters voted for the Republican party in the 2020 Presidential Election
23.38% of voters voted for the Democrat party in the 2020 Presidential Election
1.31% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Paulding County, Ohio, has shown a gradual decline from a high of 16 in 2014 to around 15 in recent years, approaching the national average of 14 by 2023. This trend might indicate improving educational support, potentially boosting property values and appeal for families. Real estate agents could highlight this as a sign of increasing emphasis on education quality, while appraisers and insurance agents might see it as a marker of community investment and... Read more
Student-to-teacher ratio in Paulding County, Ohio over the last 9 years
The student-to-teacher ratio in Paulding County, Ohio, has generally been hovering just above the national average of 14 students per teacher, showing a gradual decrease from a high of 16 in 2014 to around 15 in more recent years, dipping close to the national level by 2023. Potential investors and new residents may find this trend indicative of improving educational support in the area, which could enhance property values and appeal for families. Real estate agents might leverage this data to highlight the increasing focus on education quality. For appraisers and insurance agents, a lower student-to-teacher ratio could reflect well on community investment and stability.
