Shelby County Real Estate and Livability Trends
Shelby County, Ohio's real estate market shows nuanced shifts: average home values have risen by 33.23% from 2015 to 2022, hinting at competitive affordability compared to state and national trends. Notably, rising average taxable income per tax return—from $51,060.98 in 2013 to $68,465.00 in 2021—coupled with nearly doubling state and local income taxes since 2012, suggests economic shifts... Read more
Shelby County Market Trends
Shelby County, Ohio has experienced a steady climb in home values, from $130,000 in 2015 to $174,200 in 2022, growing by 33.23%. While this lagged behind the state’s 41.10% rise and the national increase of 42.97%, it could indicate competitive affordability for potential buyers. Residential energy tax credits peaked dramatically in 2018 at $3,733.33, hinting at substantial investments in... Read more
Median Value of Occupied Housing Units in Shelby County, Ohio Over the Last 8 Years
Shelby County, Ohio has seen a fairly steady increase in median home values over the past eight years, rising from $130,000 in 2015 to $174,200 in 2022. Interestingly, while the county's home values have grown 33.23%, they have somewhat lagged behind Ohio's statewide rise where values increased 41.10% during the same period. On a national scale, Shelby County's growth also slightly trails the 42.97% increase seen across the country. This information might suggest that while Shelby County remains a growing market, it may offer a comparative affordability advantage for potential homeowners and investors.
Residential Energy Tax Credit Per Tax Return in Shelby County, OH Over the Last 9 Years
Shelby County, Ohio has seen notable fluctuations in residential energy tax credits per tax return over the past nine years, with a peak in 2018 at approximately $3733.33, which could suggest a significant investment in energy-efficient upgrades during that period. Years like 2014 and 2015 saw credits around $1000, indicating some ongoing interest in energy savings, but the average generally hovered near the $1100-$1200 range. This trend may be of interest to investors, real estate agents, and those planning to move to or build property in the county, as it reflects a community with potential for energy efficiency incentives and possibly greater long-term savings on utilities.
Average Real Estate Taxes Per Tax Return in Shelby County, OH Over the Last 10 Years
Over the past decade in Shelby County, Ohio, the average real estate taxes per tax return have steadily increased, reflecting a likely rise in property values. Starting at around $2,217.43 in 2012, the taxes per return have almost doubled, reaching approximately $4,158.93 by 2021. This trend could indicate escalating property values and property tax rates, possibly attracting investors or signaling higher costs for homeowners and new buyers. Local real estate agents and appraisers should be mindful of these increasing tax liabilities when advising clients, and potential homebuyers might consider budgeting for higher-than-expected tax bills.
Percentage of Farm Returns in Shelby County, OH Over the Last 10 Years
Shelby County, Ohio has seen a slight decrease in the percentage of farm tax returns over the past decade, from approximately 4.08% in 2012 to around 3.73% in 2021. This trend could hint at shifts in the local agricultural economy or changes in tax reporting practices. Farm tax returns are an important economic indicator, reflecting the number of farms generating taxable income. While the decline isn't drastic, prospective investors, property builders, and residents might find this data relevant as it might point towards broader changes in the rural economy and land use.
Number of Mortgages by Occupancy Type in Shelby County, OH Over the Last 5 Years in Shelby County
Shelby County, Ohio has seen a steady increase in mortgages for principal residences over the past five years, peaking significantly in 2021. Investment property mortgages have fluctuated slightly but remain a small percentage of the total, while second residence mortgages have stayed consistently low. Changes in occupancy types matter because they reflect shifting economic priorities, housing demands, and potential investment opportunities. Real estate agents, investors, and insurers should note the dominance of principal residence mortgages as it highlights a strong demand for owner-occupied housing, influencing market strategies and risk assessments.
Economic Outlook
Shelby County, Ohio's real estate market might be becoming more attractive as average taxable income per tax return has risen from about $51,060.98 in 2013 to roughly $68,465.00 by 2021. This increase hints at strengthening economic opportunities and a growing affluence, making it potentially appealing for investment. At the same time, the average state and local income taxes have almost doubled since 2012, suggesting economic shifts or policy changes impacting tax burdens. The fluctuating but... Read more
Average Taxable Income per Tax Return in Shelby County, OH over the last 9 years
Shelby County, Ohio has seen a general upward trend in average taxable income per tax return over the past nine years. Starting at about $51,060.98 in 2013, the figure has climbed to roughly $68,465.00 by 2021. This gradual increase could signal stronger economic opportunities and a potentially growing affluence in the area. For those looking to invest or move, this trend might suggest a stable or improving local economy, particularly appealing for real estate professionals, appraisers, and insurance agents considering the long-term viability and progression of the market.
Average State and Local Income Taxes Per Tax Return in Shelby County, OH Over the Last 10 Years
Shelby County, Ohio has seen a notable upward trend in average state and local income taxes per tax return over the past decade, leaping from approximately $5,808.21 in 2012 to around $13,417.24 in 2021. The sharp increase, particularly post-2018, suggests economic shifts or policy changes that may be influencing tax burdens. For investors, real estate agents, and those considering moving to the area, these rising taxes could signal growing municipal revenue but also potentially higher costs of living. Appraisers and insurance agents should also be aware of these trends, as they might affect property values and insurance premiums accordingly.
Average Total Tax Liability Per Tax Return in Shelby County, OH Over the Last 10 Years
Over the past decade, Shelby County, Ohio has seen fluctuations in average total tax liability per tax return. Key years include 2013, which had a notable rise to $7,801.75, and 2016, which peaked at $8,809.73. More recently, 2021 saw a significant increase to $10,155.71. This upward trend provides critical insights for potential investors and real estate stakeholders as it may indicate economic growth and changing financial dynamics in the county.
Cost of Living in Shelby County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,102 | $1,335 | $1,712 | $1,483 | $1,050 |
| 1 adult 4 children | $1,102 | $1,090 | $1,308 | $1,483 | $1,158 |
| 2 adults 3 children | $1,102 | $1,091 | $1,486 | $1,483 | $858 |
| 1 adult 3 children | $1,102 | $890 | $1,082 | $1,483 | $941 |
| 2 adults 2 children | $811 | $893 | $1,260 | $1,293 | $742 |
| 1 adult 2 children | $811 | $667 | $856 | $1,293 | $701 |
| 2 adults 1 child | $811 | $706 | $1,035 | $678 | $677 |
| 1 adult 1 child | $811 | $456 | $630 | $678 | $561 |
| 2 adults | $660 | $567 | $809 | $0 | $541 |
| 1 adult | $566 | $309 | $404 | $0 | $451 |
Safety trends & Data
Vandalism in Shelby County, Ohio, has been a consistent concern over the past five years, with incidents ranging between 28 and 39 annually. Burglary and motor vehicle theft have shown fluctuation, with notable spikes in 2020 and 2022. Larceny-theft cases notably increased in 2022, reaching 31 cases. Fraud incidents remain relatively low but erratic year-to-year. This dynamic crime landscape could suggest varying risk factors for investors, movers, and real estate... Read more
Property Crime Trends in Shelby County, OH Over the Last 5 Years
Over the past five years in Shelby County, Ohio, vandalism has consistently been a prominent issue, logging between 28 and 39 incidents annually. Burglary and motor vehicle theft figures have fluctuated, with notable peaks in 2020 and 2022 respectively. Larceny-theft numbers show a significant increase in 2022, hitting 31 cases, while fraud incidents appear relatively low but inconsistent year to year. This data highlights a dynamic crime landscape, suggesting varying risk factors for potential investors, movers, and real estate professionals.
Demographics
Shelby County, Ohio shows a near-equal gender split with approximately 18,000 males and females each in 2022. Educational attainment reveals a substantial segment of high school graduates, suggesting a focus on primary education rather than higher degrees. The age distribution leans towards an older population, possibly indicating aging demographics that might impact local healthcare and senior services. The racial composition is overwhelmingly White, with limited representation of other racial... Read more
Race Distribution in Shelby County, Ohio (2022)
Educational Attainment in Shelby County, Ohio (2022)
Age Distribution in Shelby County, Ohio
Citizen Population in Shelby County, Ohio (2022)
Political Trends & Data
Shelby County, Ohio, likely exhibits a strong leaning towards Republican candidates, with around 81% of the vote in the 2020 U.S. Presidential Election potentially going to the GOP. In contrast, Democratic candidates might have received just 18% of the ballots. This could suggest a significant partisan divide, with minimal support for third-party candidates, emphasizing a clear preference for the major political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Shelby County, Ohio, the 2020 U.S. Presidential Election saw Republican candidates possibly achieving substantial dominance with approximately 81% of the vote. Meanwhile, Democratic candidates perhaps gained around 18%, showcasing a significant gap. Libertarian and other minor parties potentially garnered minimal support, emphasizing a trend towards a strong two-party preference in this area.
80.85% of voters voted for the Republican party in the 2020 Presidential Election
17.68% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Shelby County, Ohio has seen its student-to-teacher ratio climb to 21 students per teacher in 2023, surpassing the national average of 14. This trend could indicate challenges in individualized attention and resource allocation within classrooms. Real estate investors and agents might view this as a factor affecting property values, while potential residents could be swayed by the implication of educational quality. Builders and appraisers may anticipate a higher demand for educational... Read more
Student-to-teacher ratio in Shelby County, Ohio over the last 9 years
Shelby County, Ohio has seen an increase in its student-to-teacher ratio, reaching 21 students per teacher in 2023, which is notably higher than the national average of 14 students per teacher. This trend could suggest potential challenges in individualized attention and resource allocation in classrooms. Investors and real estate agents might infer the area's educational strain when considering property value trends, while those relocating could be influenced by the quality of education implied by these ratios. Builders and appraisers may need to consider the possible increased demand for educational infrastructure in future planning. Insurance agents as well as current and prospective residents might also evaluate how these dynamics impact community well-being and livability.
