Union County Real Estate and Livability Trends
Union County, Ohio, has experienced a significant rise in median home values, jumping from $171,200 in 2015 to $282,900 in 2022, suggesting strong local demand and economic growth. Taxable income per tax return climbed to approximately $118,973.84 in 2021, with corresponding taxes and liabilities doubling over the past decade, highlighting increased affluence. Simultaneously, property crimes have... Read more
Union County Market Trends
Union County, Ohio has witnessed a compelling surge in median home values, skyrocketing from $171,200 in 2015 to $282,900 in 2022, outpacing state and national trends. Real estate taxes per tax return have nearly doubled over the past decade, increasing from $3,571.06 in 2012 to $7,317.49 in 2021, likely reflecting rising property valuations or tax rate adjustments. A significant peak in the... Read more
Median Value of Occupied Housing Units in Union County, Ohio Over the Last 8 Years
Union County, Ohio has seen a substantial rise in median home values over the last eight years, climbing from $171,200 in 2015 to $282,900 in 2022. This increase outpaces both state and national trends, with Ohio's median home value rising to $183,300 and the national figure reaching $179,400 by 2022. For those eyeing property investments or relocating in the area, Union County's growth signals a robust housing market potentially driven by local economic factors and demand pressures.
Residential Energy Tax Credit Per Tax Return in Union County, OH Over the Last 9 Years
Union County, Ohio has seen notable fluctuations in the average residential energy tax credit per tax return over the past nine years, with a substantial peak in 2018 reaching approximately $4033.33. This spike suggests a potential increase in investments in energy-efficient home improvements during that year. Post-2018, the averages appear to stabilize somewhat, hovering around $873.58 to $1113.16, which may indicate a growing yet more consistent trend towards energy-saving upgrades. This dynamic is particularly relevant for investors, real estate agents, and those considering property developments in Union County, as energy efficiency can often translate to higher property values and lower long-term operational costs.
Average Real Estate Taxes Per Tax Return in Union County, OH Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Union County, Ohio have almost doubled, climbing from approximately $3,571.06 in 2012 to around $7,317.49 by 2021. The growth trajectory saw a notable spike between 2017 and 2020, suggesting increased property valuations or tax rate adjustments during these years. This trend may raise considerations for potential investors and homeowners regarding future tax liabilities and the overall cost of property ownership in the county. For appraisers and insurance agents, understanding these fluctuations could be essential for accurate property valuations and risk assessments.
Percentage of Farm Returns in Union County, OH Over the Last 10 Years
In the past decade, the percentage of farm tax returns in Union County, Ohio has shown a general decline, dropping from approximately 3.72% in 2012 to around 2.58% in 2021. Farm tax returns likely provide insight into the economic activity and viability of agriculture within the county. This trend might suggest shifts in land use, economic pressures on farming, or broader changes in the local economy, which could be crucial for potential investors, new residents, or property developers interested in Union County.
Number of Mortgages by Occupancy Type in Union County, OH Over the Last 5 Years in Union County
Union County, Ohio has seen a clear preference for principal residence mortgages over the past five years, dwarfing both investment and second residence mortgages. The particularly high spike in principal residence mortgages in 2020 and 2021 hints at a strong demand for primary living spaces, while investment and second residence properties remain relatively stable yet minimal. This trend of occupancy type shifts may matter significantly for investors, indicating potential profitability in rental markets, whereas a robust primary residence market paints a picture of community stability attractive to homebuyers. From a risk management perspective, appraisers and insurance agents might see these trends as indicators of economic health and risk distribution in Union County.
Economic Outlook
Union County, Ohio has witnessed a steady rise in average taxable income per tax return, hitting around $118,973.84 in 2021, with notable growth between 2020 and 2021. Alongside this, average state and local income taxes per tax return spiked from $6,577.92 in 2012 to $16,391.19 in 2021, with a sharp increase between 2017 and 2020. Total tax liability per tax return similarly doubled over the decade, reaching $22,206.11 in 2021. These trends indicate potential economic growth, higher property... Read more
Average Taxable Income per Tax Return in Union County, OH over the last 9 years
Over the past nine years, Union County, Ohio has seen a consistent increase in average taxable income per tax return, peaking at roughly $118,973.84 in 2021. Notably, a significant jump occurred between 2020 and 2021, suggesting a recent boom. This trend hints at a potentially thriving local economy and could be appealing for investors, developers, and real estate professionals. The data trend may also impact property valuations and insurance rates due to the growing affluence in the area, making it an interesting point of consideration for those involved in financial planning or living in Union County.
Average State and Local Income Taxes Per Tax Return in Union County, OH Over the Last 10 Years
Average state and local income taxes per tax return in Union County, Ohio have seen a notable increase over the past decade. From $6,577.92 in 2012, taxes have risen to $16,391.19 in 2021, with a particularly sharp jump between 2017 and 2020 where they escalated from $7,823.36 to $16,914.62. This trend might indicate economic changes, such as rising incomes or shifts in tax policy, which could be important considerations for investors, real estate agents, and others with financial interests in the county.
Average Total Tax Liability Per Tax Return in Union County, OH Over the Last 10 Years
Over the past decade, Union County, Ohio has seen a notable rise in average total tax liability per tax return, more than doubling from $9,933.99 in 2012 to $22,206.11 in 2021. This upward trend is significant for potential investors and real estate agents as it likely reflects increased property values and economic growth in the area. For insurance agents and appraisers, the data suggests a maturing market that might necessitate recalibrated valuations and risk assessments, while builders and developers could see it as a signal of expanding demand for residential and commercial properties. This trend potentially makes Union County an appealing location for those looking to capitalize on economic enhancements and property value appreciations.
Cost of Living in Union County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,442 | $1,444 | $1,752 | $1,413 | $1,308 |
| 1 adult 4 children | $1,442 | $1,179 | $1,347 | $1,413 | $1,457 |
| 2 adults 3 children | $1,442 | $1,179 | $1,517 | $1,413 | $1,097 |
| 1 adult 3 children | $1,442 | $963 | $1,112 | $1,413 | $1,192 |
| 2 adults 2 children | $1,185 | $965 | $1,281 | $1,256 | $911 |
| 1 adult 2 children | $1,185 | $721 | $876 | $1,256 | $928 |
| 2 adults 1 child | $1,185 | $763 | $1,045 | $743 | $864 |
| 1 adult 1 child | $1,185 | $493 | $640 | $743 | $757 |
| 2 adults | $900 | $613 | $810 | $0 | $667 |
| 1 adult | $859 | $334 | $405 | $0 | $572 |
Safety trends & Data
Union County, Ohio has seen a notable drop in property crimes, especially larceny-theft, which decreased from 113 instances in 2018 to just 42 in 2022. This trend, coupled with stable burglary rates and consistent low motor vehicle theft counts, signals a potentially improving real estate market. For appraisers, insurance agents, and real estate professionals, such safety enhancements might attract more investors and residents to the... Read more
Property Crime Trends in Union County, OH Over the Last 5 Years
Union County, Ohio has observed a general decline in property crimes over the past five years, particularly in larceny-theft, which dropped from 113 instances in 2018 to just 42 in 2022. While burglary rates remained relatively stable, fraud and vandalism saw minor fluctuations, suggesting targeted investments in community safety could be paying off. The consistent, low counts in motor vehicle theft are noteworthy and may appeal to potential investors and residents. For appraisers, insurance agents, and real estate professionals, this downward trend suggests a potentially improving market.
Demographics
Union County, Ohio, presents a largely adult-driven demographic with a slight female majority. Educational attainment leans heavily towards high school graduates and those with bachelor’s or graduate degrees. Age-wise, the county shows balanced representation across various age groups, with notable populations in the 35-44 and under-10 brackets. The racial distribution predominantly consists of White residents, with smaller percentages of Black or African American and Asian communities,... Read more
Race Distribution in Union County, Ohio (2022)
Educational Attainment in Union County, Ohio (2022)
Age Distribution in Union County, Ohio
Citizen Population in Union County, Ohio (2022)
Political Trends & Data
Union County, Ohio, likely leans strongly conservative given that around 64.8% of votes went to Republican candidates in the 2020 U.S. Presidential Election, with Democrats securing close to 33.3%. A minimal 1.6% was garnered by Libertarian candidates. This political trend could influence local policies, zoning regulations, and community planning, potentially making the area more appealing to those with conservative lifestyles and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Union County, Ohio, during the 2020 U.S. Presidential Election, Republican candidates might have seen strong support with around 64.8% of the vote, while Democrats appeared to garner close to 33.3%. Libertarian presence was minimal at approximately 1.6%, and other parties accounted for a negligible share. This data may reflect broader political trends within the county, hinting at a lean towards conservative values among the electorate.
64.79% of voters voted for the Republican party in the 2020 Presidential Election
33.31% of voters voted for the Democrat party in the 2020 Presidential Election
1.60% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
Union County, Ohio's student-to-teacher ratio has varied a lot over the past nine years, jumping to about 27 in 2018 before settling back to around 21 by 2023. Given that the national average is 14, these fluctuations may present challenges for educators and impact classroom effectiveness. This could be a crucial factor for families deciding whether to move, investors in educational infrastructure, or real estate agents discussing school district quality with... Read more
Student-to-teacher ratio in Union County, Ohio over the last 9 years
Union County, Ohio has seen its student-to-teacher ratio fluctuate significantly over the past nine years, with notable spikes. From a relatively steady range of around 19 to 21 students per teacher, the ratio unexpectedly surged to approximately 27 in 2018, before gradually normalizing to around 21 by 2023. This ratio consistently exceeds the national average of 14 students per teacher, suggesting potential challenges for educators and implications for classroom effectiveness. These dynamics could influence decisions for families considering relocation, investors in local educational infrastructure, or real estate agents advising clients on school district quality.
