Portage County Real Estate and Livability Trends
Portage County, Ohio, has seen a steady rise in average taxable income from $54,216.57 in 2013 to $73,076.77 in 2021, suggesting economic growth and increased affluence. Median home values have surged from $150,900 in 2015 to $197,100 in 2022, potentially making the area attractive for investors. However, the county has experienced fluctuations in its poverty rate, peaking at 16.0% in 2016 and... Read more
Portage County Market Trends
In Portage County, Ohio, the median home values have climbed from $150,900 in 2015 to $197,100 in 2022, outpacing both state and national trends, potentially making it a hotspot for homebuyers and investors. The area has also seen significant swings in residential energy tax credits per tax return, notably peaking at $2,150.00 in 2018, which may reflect shifts in energy policies and efficiency... Read more
Median Value of Occupied Housing Units in Portage County, Ohio Over the Last 8 Years
The median home values in Portage County, Ohio have shown a steady increase over the last eight years, rising from $150,900 in 2015 to $197,100 in 2022. This outpaces the state of Ohio, which saw values climb from $129,900 to $183,300 in the same period, and also exceeds national trends where values increased from $125,500 to $179,400. Given this faster appreciation, Portage County could be a more attractive option for potential homebuyers and investors looking for a comparatively robust real estate market in Ohio.
Residential Energy Tax Credit Per Tax Return in Portage County, OH Over the Last 9 Years
Portage County, Ohio has seen significant fluctuations in residential energy tax credits per tax return over the past nine years. Notably, 2018 experienced a dramatic spike with an average credit of $2,150.00, which stands out compared to other years like 2013 with $307.00 and 2017 with $438.46. Though the figures dipped in 2019 to $808.70 and then again in 2020 to $662.93, there was a modest increase to $716.92 by 2021. This variability could be relevant for investors, insurance agents, and real estate professionals as it may reflect changing energy efficiency investments and policies in the area.
Average Real Estate Taxes Per Tax Return in Portage County, OH Over the Last 10 Years
Over the last decade, Portage County, Ohio has seen a noticeable upward trend in average real estate taxes per tax return, jumping from $3,194.60 in 2012 to $5,681.29 in 2021. This significant increase, especially sharp post-2017, could suggest rising property values or changing tax policies. For potential investors or those considering a move, it's important to factor in these escalating costs. Local real estate agents and appraisers may find these trends indicative of a robust real estate market, warranting closer inspection of property valuations and future tax implications.
Percentage of Farm Returns in Portage County, OH Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Portage County, Ohio has generally hovered around 0.92% to 0.98%. This trend suggests a stable farming presence, though not expanding significantly. For investors, property developers, or new residents, the steady numbers might indicate a consistent rural economy but limited growth potential in the agricultural sector. The tax returns here represent filings from farming operations, hinting at the size and financial health of agricultural businesses in the county.
Number of Mortgages by Occupancy Type in Portage County, OH Over the Last 5 Years in Portage County
In Portage County, Ohio, mortgage trends over the past five years reveal a marked preference for principal residence investments, with numbers peaking at 11,261 in 2021 before tapering to 7,657 in 2022. Investment properties have maintained a steady demand, hovering around the mid-200s annually, while second residences are consistently the least common, ranging from 62 to 92 mortgages per year. These shifts in occupancy types could indicate varying degrees of market stability and homeowners' confidence, reflecting broader economic conditions and impacting property values and insurance considerations. Potential investors, property developers, and real estate agents might find these fluctuations useful for strategic planning and risk assessment.
Economic Outlook
In Portage County, Ohio, average taxable income per tax return has been rising steadily over the last nine years, increasing from $54,216.57 in 2013 to $73,076.77 in 2021. This trend suggests potential economic growth and rising affluence, potentially correlating with higher property values. Simultaneously, average state and local income taxes have surged from $5,939.26 in 2012 to $10,972.99 in 2021, which could impact financial planning for prospective investors and residents. The average... Read more
Average Taxable Income per Tax Return in Portage County, OH over the last 9 years
Over the last nine years, Portage County, Ohio has seen a notable rise in average taxable income per tax return, climbing from $54,216.57 in 2013 to $73,076.77 in 2021. The steady increase, with minor dips in 2016, could be attractive for investors and real estate agents, potentially indicating economic growth and rising affluence in the area. For those building property or moving here, the upward trend might correlate with increased property values and a healthier economic environment. Appraisers and insurance agents might find the linkage to higher incomes useful for their assessments and risk evaluations.
Average State and Local Income Taxes Per Tax Return in Portage County, OH Over the Last 10 Years
Over the past decade, Portage County, Ohio has seen a notable increase in average state and local income taxes per tax return, with values rising from $5,939.26 in 2012 to $10,972.99 in 2021. This upward trend, especially sharp from 2017 onward, might influence financial planning for potential investors and new residents. The significant jump in tax liabilities could have implications for property appraisals, insurance considerations, and overall affordability for those looking to settle or invest in the area.
Average Total Tax Liability Per Tax Return in Portage County, OH Over the Last 10 Years
The average total tax liability per tax return in Portage County, Ohio has shown a general upward trajectory over the last decade, with notable fluctuations. From $8,110.74 in 2012, it peaked at $11,327.46 in 2021. Significant bumps were observed in 2015 and 2017, and a remarkable surge in 2021. Such trends could hint at economic growth or changes in tax laws affecting residents, making the area intriguing for potential investors, real estate agents, and new residents assessing financial commitments.
Cost of Living in Portage County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,343 | $1,532 | $1,719 | $1,778 | $1,320 |
| 1 adult 4 children | $1,343 | $1,251 | $1,322 | $1,778 | $1,463 |
| 2 adults 3 children | $1,343 | $1,252 | $1,488 | $1,778 | $1,104 |
| 1 adult 3 children | $1,343 | $1,022 | $1,091 | $1,778 | $1,225 |
| 2 adults 2 children | $1,063 | $1,025 | $1,257 | $1,589 | $918 |
| 1 adult 2 children | $1,063 | $765 | $860 | $1,589 | $934 |
| 2 adults 1 child | $1,063 | $810 | $1,026 | $974 | $846 |
| 1 adult 1 child | $1,063 | $523 | $628 | $974 | $716 |
| 2 adults | $837 | $651 | $795 | $0 | $604 |
| 1 adult | $737 | $355 | $397 | $0 | $501 |
Safety trends & Data
Portage County, Ohio, has generally stable property crime rates over the past five years, but with some intriguing trends. Larceny-theft remains the most reported crime, peaking at 318 cases in 2021 and slightly decreasing to 305 cases in 2022. Burglary incidents saw a sharp drop from 118 in 2018 to 31 in 2021 but then rose again to 50 in 2022. Fraud cases have notably increased from 5 in 2020 to 31 in 2022, indicating a possible shift in criminal activity. These trends could offer insights for... Read more
Property Crime Trends in Portage County, OH Over the Last 5 Years
Portage County, Ohio has generally maintained stable property crime rates over the last five years, though some categories show notable trends. Larceny-theft is consistently the highest reported crime, peaking at 318 cases in 2021 and slightly decreasing to 305 cases in 2022. Burglary incidents have fluctuated, sharply dropping from 118 in 2018 to a low of 31 in 2021 before rising again to 50 in 2022. Interestingly, fraud cases seem to be on the rise, from just 5 in 2020 to 31 in 2022, suggesting a potential shift in criminal activity. Motor vehicle theft, while not high, exhibited a spike in 2019 with 15 cases but balanced out in the following years. Investors, real estate agents, and residents may want to pay attention to these trends for more informed decision-making regarding property security measures and potential risks.
Demographics
Portage County, Ohio has a slightly higher female population compared to males. A significant portion of the adult population has achieved a high school degree or higher, yet there's a notable number who have some college education but no degree. The age distribution shows a considerable number of young adults, especially those between 20 and 34 years old, potentially hinting at a vibrant, dynamic demographic. Racially, the county is overwhelmingly White, with smaller representations of Black... Read more
Race Distribution in Portage County, Ohio (2022)
Educational Attainment in Portage County, Ohio (2022)
Age Distribution in Portage County, Ohio
Citizen Population in Portage County, Ohio (2022)
Political Trends & Data
Portage County, Ohio, leaned Republican in the 2020 Presidential Election, with around 55% of the vote going to the GOP. Democrats captured about 43%, reflecting a notable conservative tilt among voters. This political landscape might influence local real estate market trends, potentially making the area more appealing to buyers looking for areas with conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Portage County, Ohio, showed a leaning towards the Republican side, with roughly 55% of the vote. The Democratic party followed with approximately 43%, while the Libertarian and other minor parties garnered negligible support. This trend likely reflects the county's broader political inclinations and could hint at a significant portion of the electorate favoring conservative policies.
55.50% of voters voted for the Republican party in the 2020 Presidential Election
43.03% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Portage County, Ohio, the student-to-teacher ratio has hovered between approximately 15 and 17 students per teacher over the past nine years, with the latest data showing a ratio of 15.52. This is slightly higher than the national average of 14, potentially impacting classroom dynamics and resource allocation. For real estate stakeholders, these figures might influence property values and community attractiveness, as school performance is a key factor for homebuyers with children. Appraisers... Read more
Student-to-teacher ratio in Portage County, Ohio over the last 9 years
Over the past nine years, Portage County, Ohio, has seen its student-to-teacher ratio fluctuate between approximately 15 and 17 students per teacher, with the latest data in 2023 reflecting a ratio of 15.52. This figure is slightly above the national average of 14 students per teacher, which might signal varying impacts on classroom dynamics and resource allocation. For investors, real estate agents, and those considering a move to Portage County, such ratios could affect decisions regarding educational quality and community desirability, as lower ratios often imply more personalized attention and potentially better educational outcomes. It could also influence property values, as school performance is a significant factor for homebuyers with children. For appraisers and insurance agents, these trends might suggest altering risk assessments or property evaluations based on perceived changes in school system quality.
