Pike County Real Estate and Livability Trends
In Pike County, Ohio, the average taxable income has been rising, from $41,381.68 in 2013 to $54,008.28 in 2021, indicating potential for increased property values and making real estate investment possibly more enticing. Home values have also surged, from $95,000 in 2015 to $131,300 in 2022, although they remain below state and national averages. Higher real estate taxes, which went from... Read more
Pike County Market Trends
In Pike County, Ohio, home values have risen from $95,000 in 2015 to $131,300 in 2022, though still lagging behind state and national averages. Residential energy tax credits have been volatile, peaking at $1,080.00 in 2019, suggesting varied investments in energy efficiency. Real estate taxes climbed from $1,895.30 in 2012 to $3,244.44 in 2021, possibly indicating rising property valuations or... Read more
Median Value of Occupied Housing Units in Pike County, Ohio Over the Last 8 Years
Pike County, Ohio has seen a gradual increase in home values over eight years, with median values rising from $95,000 in 2015 to $131,300 in 2022. Although this represents substantial growth within the county, the median home value remains below both the state average of $183,300 and the national average of $179,400 for 2022. This trend could make Pike County a more attractive option for buyers seeking affordability while still capitalizing on appreciating property values over time.
Residential Energy Tax Credit Per Tax Return in Pike County, OH Over the Last 8 Years
The residential energy tax credit per tax return in Pike County, Ohio, has shown significant volatility over the past eight years. After a noticeable dip between 2014 and 2017, there was a dramatic increase in 2019 with an average credit of $1080.00, although this amount moderated somewhat in subsequent years. This fluctuation could indicate varying levels of investment in energy-efficient home improvements, possibly influenced by changing local policies or economic conditions. This dynamic landscape suggests potential opportunities for investors, real estate agents, and appraisers to capitalize on the incentives for boosting property efficiency.
Average Real Estate Taxes Per Tax Return in Pike County, OH Over the Last 10 Years
Pike County, Ohio has experienced a noticeable increase in average real estate taxes per tax return over the past decade. Starting at approximately $1,895.30 in 2012, taxes remained relatively stable until 2017, when they started rising more sharply. By 2019, the average had jumped to about $3,014.29 and continued climbing to roughly $3,244.44 in 2021. This upward trend might suggest a growing valuation of properties or possibly increasing tax rates, which is essential information for potential investors, real estate professionals, and homeowners who need to account for higher holding costs.
Percentage of Farm Returns in Pike County, OH Over the Last 10 Years
The percentage of farm tax returns in Pike County, Ohio has seen a slight decline over the past decade, starting at approximately 4.69% in 2012 and dropping to around 3.66% by 2021. Farm tax returns are essentially documents filed by farm owners and operators reporting income and expenses, often reflecting the region’s agricultural economic health. This trend suggests a subtle decrease in the number of active farm operators, potentially hinting at shifting economic conditions or land use changes within the county. For investors, property developers, or residents, understanding these dynamics can be crucial for making informed decisions about opportunities or risks in agriculture-related ventures.
Number of Mortgages by Occupancy Type in Pike County, OH Over the Last 5 Years in Pike County
In Pike County, Ohio, mortgage trends show a notable emphasis on principal residences, indicating a stable base of owner-occupiers. Although investment property loans have fluctuated over the years, they remain a smaller segment compared to primary homes, which might suggest limited speculative or rental investment in the area. This trend can be crucial for real estate agents and investors to understand housing demand and market stability. For appraisers and insurance agents, changes in occupancy types could reflect varying risk profiles, impacting property valuations and insurance premiums. Builders and residents might find these insights valuable for future development or moving decisions, indicating a community-centered housing market with potentially lower volatility.
Economic Outlook
In Pike County, Ohio, the average taxable income per tax return has seen a consistent rise over the past nine years, increasing from $41,381.68 in 2013 to $54,008.28 in 2021. This economic growth could drive up property values and demand, making real estate investment and development more lucrative. The average state and local income taxes have also risen significantly, peaking at $7,225.00 in 2021, which may indicate broader financial trends or adjustments in tax policies. Moreover, the total... Read more
Average Taxable Income per Tax Return in Pike County, OH over the last 9 years
In Pike County, Ohio, average taxable income per tax return has gradually increased over the past nine years. Notably, from 2013 to 2021, income figures have risen from $41,381.68 to $54,008.28. Investment and development opportunities could be particularly promising given this steady economic growth, potentially leading to higher returns and more attractive insurance premiums. As these incomes rise, real estate agents might find higher demand and increased property values, while appraisers will have to adjust their evaluations accordingly.
Average State and Local Income Taxes Per Tax Return in Pike County, OH Over the Last 10 Years
Over the past decade, there has been a noticeable upward trend in the average state and local income taxes per tax return in Pike County, Ohio. Starting at $3981.76 in 2012, the figures have risen significantly, peaking at $7225.00 in 2021. This could suggest economic growth or adjustments in tax rates and policies impacting residents' tax liabilities. The spike since 2018, with values jumping from $4753.85 to $7225.00, might reflect broader financial trends or local economic factors worth considering for investors, real estate agents, and potential residents.
Average Total Tax Liability Per Tax Return in Pike County, OH Over the Last 10 Years
The average total tax liability per tax return in Pike County, Ohio, has shown a general upward trend over the past decade, increasing from $5,424.09 in 2012 to $6,922.52 in 2021. This gradual rise suggests growing incomes and potentially higher property values, making this county potentially appealing for real estate investors. For those considering relocation, this trend may also indicate a thriving local economy. Appraisers and insurance agents might find interest in these changes as they could influence property valuations and insurance premiums.
Cost of Living in Pike County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $978 | $1,279 | $1,900 | $1,320 | $966 |
| 1 adult 4 children | $978 | $1,044 | $1,453 | $1,320 | $1,040 |
| 2 adults 3 children | $978 | $1,045 | $1,648 | $1,320 | $774 |
| 1 adult 3 children | $978 | $853 | $1,201 | $1,320 | $818 |
| 2 adults 2 children | $794 | $855 | $1,397 | $1,154 | $710 |
| 1 adult 2 children | $794 | $639 | $950 | $1,154 | $647 |
| 2 adults 1 child | $794 | $676 | $1,145 | $615 | $658 |
| 1 adult 1 child | $794 | $437 | $698 | $615 | $534 |
| 2 adults | $606 | $543 | $894 | $0 | $521 |
| 1 adult | $587 | $296 | $447 | $0 | $446 |
Safety trends & Data
Pike County, Ohio has experienced notable fluctuations in property crime over the past five years. Larceny-theft arrests significantly dropped from 46 in 2020 to just 9 in 2022, suggesting a shift in local crime trends. Burglary arrests peaked in 2021 at 7 but then saw a sharp decrease, while arrests for vandalism and stolen property have stayed relatively stable. These dynamics could be key for investors, real estate agents, and potential movers analyzing the area's safety and investment... Read more
Property Crime Trends in Pike County, OH Over the Last 5 Years
Pike County, Ohio has seen varying trends in property crime over the past five years. Notably, there was a significant drop in larceny-theft arrests, from 46 in 2020 to just 9 in 2022. Burglary arrests peaked in 2021 at 7 before decreasing sharply. Meanwhile, arrests related to vandalism and stolen property have remained relatively stable. These fluctuations highlight changing crime dynamics that might interest investors, real estate agents, and those considering a move to the area.
Demographics
Pike County, Ohio showcases a nearly equal split between male and female residents, reflecting a balanced gender distribution. The adult population primarily possesses a high school diploma or higher, but a noteworthy segment does not have a high school diploma. Age distribution is fairly spread out, with a larger concentration of residents aged 45 to 64, suggesting consideration towards middle-aged demographics. Predominantly, the county is home to a vast White majority, with minimal... Read more
Race Distribution in Pike County, Ohio (2022)
Educational Attainment in Pike County, Ohio (2022)
Age Distribution in Pike County, Ohio
Citizen Population in Pike County, Ohio (2022)
Political Trends & Data
Pike County, Ohio's real estate market may be influenced by its pronounced political leanings. In the 2020 U.S. Presidential Election, Republicans possibly secured about 74% of the vote, indicating a strong conservative presence. Democrats attracted around 25%, with Libertarians and others barely making up 2%. This political composition could reflect a community with more traditional values, potentially impacting housing preferences and neighborhood developments in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Pike County, Ohio, the 2020 U.S. Presidential Election saw Republicans likely dominant with approximately 74% of the votes, while Democrats captured around 25%. Libertarians and other parties played a minimal role, garnering less than 2% combined. This voting pattern could hint at a strong Republican presence and possibly limited political diversity within the county.
73.78% of voters voted for the Republican party in the 2020 Presidential Election
25.06% of voters voted for the Democrat party in the 2020 Presidential Election
0.99% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pike County, Ohio has seen its student-to-teacher ratio drop from 21 in 2014 to around 18 in 2023, still above the national average of 14. This trend may indicate a community effort to enhance education quality with smaller class sizes, which could appeal to families placing a high premium on education. For investors, builders, and real estate agents, this shift could signal a potential rise in property values and community development, making it a point of interest for future... Read more
Student-to-teacher ratio in Pike County, Ohio over the last 9 years
Pike County, Ohio has seen its student-to-teacher ratio decrease from 21 students per teacher in 2014 to around 18 in 2023. This trend is notable given the national average of 14 students per teacher. While Pike County's ratio remains higher than the national average, the consistent reduction over the years might suggest a focus on improving education quality through smaller class sizes. For potential investors, builders, and real estate agents, a lower student-to-teacher ratio can be a draw for families prioritizing education. Additionally, appraisers and insurance agents might find this relevant as it can influence property values and community development.
