Seneca County Real Estate and Livability Trends
Seneca County, Ohio's real estate market has been marked by a steady rise in average taxable income, climbing from $42,392.30 in 2013 to $56,529.47 in 2021, potentially driving up property values. Median home values have increased from $96,900 in 2015 to $128,100 in 2022, although this growth still trails behind state and national levels. The hike in residential energy tax credits per return to... Read more
Seneca County Market Trends
Seneca County, Ohio, has seen its median home values rise from $96,900 in 2015 to $128,100 in 2022, although this growth lags behind both state and national averages. Residential energy tax credits per return peaked dramatically in 2018 at $2,333.33, suggesting a surge in energy-efficient upgrades that year. Real estate taxes have climbed from $1,905.41 in 2012 to $3,343.59 in 2021, with a... Read more
Median Value of Occupied Housing Units in Seneca County, Ohio Over the Last 8 Years
Seneca County, Ohio, has experienced a steady increase in median home values over the last eight years, from $96,900 in 2015 to $128,100 in 2022. While the growth rate aligns with broader trends, it still lags behind both the state and national averages. Ohio's median home value rose from $129,900 to $183,300 in the same period, and nationally, home values increased from $125,500 to $179,400. These trends suggest that Seneca County may offer more affordable housing options compared to broader markets, which could interest investors or new homebuyers looking for relatively lower entry points.
Residential Energy Tax Credit Per Tax Return in Seneca County, OH Over the Last 9 Years
Seneca County, Ohio has shown significant fluctuations in residential energy tax credits per tax return over the past nine years. The average credit peaked dramatically in 2018 at $2,333.33, possibly indicating a surge in energy-efficient home improvements or installations during that year. By contrast, other years ranged from around $332.79 to $784.62, suggesting standard variations. This data might entice investors and real estate agents to explore energy efficiency trends further, as such credits could influence home valuations and future savings for residents. Those considering moving to the area might find appeal in potential long-term benefits from these tax credits.
Average Real Estate Taxes Per Tax Return in Seneca County, OH Over the Last 10 Years
Average real estate taxes per tax return in Seneca County, Ohio, have generally trended upward over the last decade, climbing from approximately $1,905.41 in 2012 to about $3,343.59 in 2021. Notably, there was a significant jump between 2017 and 2018, moving from approximately $2,297.02 to $3,161.90, likely reflecting broader economic conditions or changes in local tax policies. This pattern could indicate increasing property values or higher tax rates, aspects that investors, potential homeowners, and real estate agents should be mindful of when considering this market.
Percentage of Farm Returns in Seneca County, OH Over the Last 10 Years
Seneca County, Ohio has exhibited a decreasing trend in the percentage of farm tax returns over the past decade. Starting from 4.26% in 2012, the figure shows fluctuations but primarily declines to 3.72% by 2021. Farm tax returns are a vital indicator for understanding how active the agriculture sector is in an area, reflecting the number of farming operations filing taxes. This information is crucial for investors, developers, and residents to gauge the viability and support for agricultural activities in the region as it may imply changes in land use, economic focus, and potential community support for farming infrastructure.
Number of Mortgages by Occupancy Type in Seneca County, OH Over the Last 5 Years in Seneca County
In Seneca County, Ohio, mortgage counts have shown a notable dominance of principal residences over the past five years, with a consistent yet smaller share of investment properties and a minimal number of second residences. Principal residences peaked in 2021 at 2,234, indicating a potential rise in homeownership or attracting residents to the area. Investment properties have seen a slight decline, possibly signaling a cooling interest from real estate investors or tighter market conditions. This shift in occupancy type can affect property values, insurance rates, and market dynamics, impacting decisions for potential investors, homebuyers, and real estate professionals. For those looking to move to or invest in Seneca County, understanding these trends could offer insights into market stability and growth opportunities.
Economic Outlook
Seneca County, Ohio has experienced a consistent rise in average taxable income per tax return, climbing from $42,392.30 in 2013 to $56,529.47 in 2021, signaling economic health and possibly boosting property values. Alongside this, state and local income taxes have spiked notably since 2018, jumping to $8,944.44 in 2018 and peaking at $11,292.10 in 2020, which might be tied to broader economic shifts or policy changes. These trends could impact financial planning and property appraisals,... Read more
Average Taxable Income per Tax Return in Seneca County, OH over the last 9 years
Seneca County, Ohio has seen a steady rise in average taxable income per tax return over the last nine years. Starting from $42,392.30 in 2013, the income has gradually increased each year, reaching $56,529.47 in 2021. This upward trend suggests growing economic health and potentially rising property values, which could be significant for real estate agents, investors, and anyone considering moving to or doing business in the area. Additionally, the consistent increase in income could impact insurance rates and property appraisals, making it a noteworthy trend for insurance agents and appraisers to monitor.
Average State and Local Income Taxes Per Tax Return in Seneca County, OH Over the Last 10 Years
Seneca County, Ohio, has seen noticeable fluctuations in average state and local income taxes per tax return over the past decade. From 2012 to 2017, the taxes ranged between $4,851.88 and $5,409.68, indicating relatively steady rates. However, a significant spike occurred from 2018 onwards, with averages jumping to $8,944.44 in 2018 and peaking at $11,292.10 in 2020. This upward trend could be indicative of broader economic changes or policy shifts and could impact the financial planning for potential investors, new residents, and real estate professionals in the area.
Average Total Tax Liability Per Tax Return in Seneca County, OH Over the Last 10 Years
Over the past decade, Seneca County, Ohio has seen a noticeable trend in increasing average total tax liabilities per tax return. Starting at $5,422.45 in 2012 and rising to $7,440.08 in 2021, the upward movement hints at growing incomes and possible economic development in the area. This trend could be a significant consideration for potential investors, real estate agents, appraisers, and insurance agents as it could indicate a strengthening local economy and potentially attract more property development and investment opportunities.
Cost of Living in Seneca County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $989 | $1,311 | $1,988 | $1,483 | $1,067 |
| 1 adult 4 children | $989 | $1,071 | $1,521 | $1,483 | $1,156 |
| 2 adults 3 children | $989 | $1,071 | $1,724 | $1,483 | $864 |
| 1 adult 3 children | $989 | $874 | $1,257 | $1,483 | $925 |
| 2 adults 2 children | $794 | $877 | $1,461 | $1,293 | $770 |
| 1 adult 2 children | $794 | $655 | $994 | $1,293 | $719 |
| 2 adults 1 child | $794 | $693 | $1,197 | $678 | $695 |
| 1 adult 1 child | $794 | $448 | $730 | $678 | $566 |
| 2 adults | $624 | $557 | $934 | $0 | $545 |
| 1 adult | $585 | $304 | $467 | $0 | $461 |
Safety trends & Data
Seneca County, Ohio has seen a notable decrease in property crimes over the last five years, particularly in larceny-theft, which dropped from 226 cases in 2018 to 36 in 2022. Burglary reports also fell from 17 incidents in 2018 to just 3 in 2022, suggesting improved security or economic factors. Vandalism rates have been more variable, peaking at 17 cases in 2019 but declining to 6 by 2022. Understanding these trends could be crucial for real estate professionals, investors, and insurance... Read more
Property Crime Trends in Seneca County, OH Over the Last 5 Years
Seneca County, Ohio has generally seen a decline in property crimes over the past five years, with larceny-theft being the most common offense but decreasing significantly from 226 cases in 2018 to 36 in 2022. Burglary incidents have also dropped from 17 in 2018 to just 3 in 2022, indicating potentially improved security measures or economic factors. Vandalism appears to fluctuate, peaking at 17 cases in 2019 but reducing to 6 by 2022. Awareness of these trends is crucial for real estate professionals, investors, and insurance agents assessing the risk and security of properties in the area.
Demographics
The adult population in Seneca County, Ohio, seems closely balanced between males and females. Educational attainment data suggests a strong prevalence of high school graduates, with a significant portion having attended some college but not secured a degree. Age distribution appears fairly typical, with notable population peaks in the 25-34 and 55-64 age ranges. Racial demographics indicate a predominately White population, with modest representation from Black or African American, and other... Read more
Race Distribution in Seneca County, Ohio (2022)
Educational Attainment in Seneca County, Ohio (2022)
Age Distribution in Seneca County, Ohio
Citizen Population in Seneca County, Ohio (2022)
Political Trends & Data
Seneca County in Ohio showed a strong preference for the Republican Party in the 2020 U.S. Presidential Election, garnering around 66% of the vote. Democrats received much less support, with about 32% of the votes. Libertarian and 'Other' votes were minimal, accounting for just 1.4% and less than 1%, respectively. This voting pattern could potentially influence the local real estate market, with conservative policies possibly shaping housing regulations and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Seneca County in Ohio leaned heavily Republican in the 2020 U.S. Presidential Election, with roughly 66% of the vote. Democrats were the second largest group but trailed significantly at about 32%. Libertarian support was minimal, clocking in at just around 1.4%, and votes categorized as 'Other' amounted to less than 1%.
66.20% of voters voted for the Republican party in the 2020 Presidential Election
32.03% of voters voted for the Democrat party in the 2020 Presidential Election
1.38% of voters voted for the Livertarian party in the 2020 Presidential Election
0.39% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Seneca County, Ohio, has shown notable fluctuation over the past nine years, with a significant spike to 24 in 2023. This sharp increase might signal overcrowded classrooms, potentially impacting the perceived quality of education and influencing real estate investment decisions. For parents and real estate agents, these dynamics could weigh heavily in making relocation choices, while appraisers and insurance agents might see relevance in how these shifts affect... Read more
Student-to-teacher ratio in Seneca County, Ohio over the last 9 years
The student-to-teacher ratio in Seneca County, Ohio, has exhibited a fluctuating trend over the past nine years, with recent spikes worth noting. Ratios ranged from around 15 in 2014, climbed to 18 by 2016, then generally hovered around 17 until a sharp increase to 24 in 2023. This latest jump could impact investment decisions, as a higher ratio might suggest overcrowded classrooms, influencing the perceived quality of education. For parents considering a move or real estate agents advising families, these dynamics could sway choices. Appraisors and insurance agents may also find this data relevant, as it could affect property values and risk assessments associated with schools.
