Van Wert County Real Estate and Livability Trends
Van Wert County, Ohio has seen an increase in average taxable income from $46,525.55 in 2013 to $61,893.54 in 2021, potentially making it an attractive location for investors and relocators. Median home values rose from $95,800 in 2015 to $129,300 in 2022, still below both national and state averages, offering affordability for new buyers. Property crime has experienced fluctuations, with notable... Read more
Van Wert County Market Trends
In Van Wert County, Ohio, median home values increased from $95,800 in 2015 to $129,300 by 2022, yet this growth lagged behind both the national and state averages. The county’s lower median value could attract new buyers and investors looking for affordable entry points. Residential energy tax credits have seen extreme fluctuations, peaking at $3,120.00 in 2018 and settling around $966.67 to... Read more
Median Value of Occupied Housing Units in Van Wert County, Ohio Over the Last 8 Years
Over the past eight years, Van Wert County, Ohio saw its median home values increase from $95,800 in 2015 to $129,300 in 2022. This growth is slower compared to the national average, which went from $125,500 to $179,400, and Ohio’s state average, which climbed from $129,900 to $183,300 in the same period. The relatively lower median home value in Van Wert County might suggest an affordable entry point for new buyers or investors, especially when juxtaposed against broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Van Wert County, OH Over the Last 9 Years
Van Wert County, Ohio, has seen some wild swings in average residential energy tax credits per tax return over the past nine years. Notably, there was a massive spike in 2018 with credits hitting $3,120.00, followed by a large but more modest decline to $1,412.50 in 2019. Recently, the credits have stabilized somewhat, averaging around the $966.67 to $985.00 range in 2020 and 2021. These fluctuations could signal varying levels of energy investments or policy changes, making it a key consideration for investors, builders, real estate agents, and residents looking at long-term energy efficiency and tax benefits.
Average Real Estate Taxes Per Tax Return in Van Wert County, OH Over the Last 10 Years
Van Wert County, Ohio has experienced a notable upward trend in average real estate taxes per tax return over the past decade. In 2012, the average was around $1,828.32, and it steadily increased to $3,365.38 by 2021. This growth may indicate rising property values, impacting decisions for potential investors, homebuyers, and real estate professionals. The climbing taxes hint at robust demand and possibly increased public services or improvements, which could enhance the county's attractiveness but also necessitate higher expenditures for residents.
Percentage of Farm Returns in Van Wert County, OH Over the Last 10 Years
Over the last decade, Van Wert County, Ohio has shown a subtle yet consistent decline in farm tax returns, decreasing from about 4.50% in 2012 to roughly 3.96% in 2021. This downward trend might reflect shifting economic activities and land use patterns in the county. Farm tax returns generally refer to agricultural income reported for tax purposes, indicating the prevalence and financial health of farming activities. This trend is notable for potential investors, developers, and residents, as it may influence decisions around property investments, land development, and local economic strategies.
Number of Mortgages by Occupancy Type in Van Wert County, OH Over the Last 5 Years in Van Wert County
For those eyeing real estate in Van Wert County, Ohio, there are notable shifts in mortgage activity. The principal residence category shows a clear spike in 2020, climbing from 845 in 2019 to 1143, before settling down to 868 by 2022. Investment properties have declined slightly, with a noticeable drop from 34 in 2019 to 20 in 2022. Second residences remain a small fraction of the market, but they dipped to just 2 in 2020. These changes in occupancy type can influence market dynamics, affecting everything from property values and neighborhood stability to the risk profiles that insurers must consider. For investors, the decreasing trend in investment properties might indicate either a softening of the rental market or tighter lending conditions. Real estate agents and appraisers need to understand these nuances to offer accurate valuations, while those looking to move should be aware of the shifting landscape to gauge demand and competition.
Economic Outlook
Van Wert County, Ohio has seen a general increase in average taxable income per tax return over the past nine years, rising from about $46,525.55 in 2013 to around $61,893.54 in 2021. This trend, albeit with some variability, could make the county appealing to investors and those looking to relocate due to its potential indication of economic growth. Additionally, state and local income taxes have shown a substantial jump, especially after 2018, peaking at $14,882.61 in 2020, suggesting shifts... Read more
Average Taxable Income per Tax Return in Van Wert County, OH over the last 9 years
Over the past nine years, Van Wert County, Ohio has experienced a general increase in average taxable income per tax return, climbing from approximately $46,525.55 in 2013 to around $61,893.54 in 2021. This upward trend in income could signal a growing economic health of the county, potentially making it an attractive area for investors and those considering relocating. However, it's worth noting that this growth hasn't been entirely steady, with some years showing only slight increases. This variability could impact appraisers and insurance agents when assessing property values and risk. For real estate agents, the increasing income levels might suggest a market with rising purchasing power, which could influence housing demand and pricing strategies.
Average State and Local Income Taxes Per Tax Return in Van Wert County, OH Over the Last 10 Years
Over the last decade, Van Wert County, Ohio has experienced a noticeable uptick in average state and local income taxes per tax return. From a relatively stable trend around $5,400 to $6,100 in the early 2010s, a significant increase started in 2018, peaking at $14,882.61 in 2020. This trend might suggest changing economic conditions, rising incomes, or shifts in tax policies affecting the area. These fluctuations could be particularly relevant for real estate agents, appraisers, and potential investors as they indicate changing financial landscapes and potential increases in cost of living or property valuations.
Average Total Tax Liability Per Tax Return in Van Wert County, OH Over the Last 10 Years
Over the last decade, Van Wert County, Ohio has seen a significant fluctuation in average total tax liability per tax return, peaking notably in 2021 at $8400.87. While there were periodic increases, such as $6629.53 in 2013 and $6779.05 in 2020, some years like 2018 recorded lower averages around $6182.79. This inconsistency may be reflective of varying economic conditions or local changes impacting tax obligations, making it crucial for potential investors and residents to consider these trends when planning their financial commitments in the area.
Cost of Living in Van Wert County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,036 | $1,198 | $1,817 | $1,320 | $930 |
| 1 adult 4 children | $1,036 | $979 | $1,389 | $1,320 | $1,018 |
| 2 adults 3 children | $1,036 | $979 | $1,577 | $1,320 | $758 |
| 1 adult 3 children | $1,036 | $799 | $1,149 | $1,320 | $809 |
| 2 adults 2 children | $794 | $801 | $1,337 | $1,154 | $684 |
| 1 adult 2 children | $794 | $599 | $909 | $1,154 | $627 |
| 2 adults 1 child | $794 | $633 | $1,097 | $615 | $638 |
| 1 adult 1 child | $794 | $409 | $668 | $615 | $528 |
| 2 adults | $612 | $509 | $856 | $0 | $513 |
| 1 adult | $587 | $278 | $428 | $0 | $449 |
Safety trends & Data
Van Wert County, Ohio has seen a fluctuating property crime landscape over the past five years, with Larceny - Theft peaking at 64.00 incidents in 2018 and Burglary reaching 14.00 incidents in 2022. Vandalism shows a rising trend, with 30.00 incidents in 2019 and 29.00 in 2022, and Arson appearing in 2021 with 5.00 incidents. These crime trends could potentially impact real estate values, insurance premiums, and perceptions of community safety, which are crucial factors for anyone looking to... Read more
Property Crime Trends in Van Wert County, OH Over the Last 5 Years
Van Wert County, Ohio shows a noticeable fluctuation in property crime over the past five years, with Larceny - Theft consistently the most prevalent crime, peaking at 64.00 incidents in 2018. Burglary numbers are also variable, with a high of 14.00 in 2022 and a low of 1.00 in 2020. Vandalism shows a rising trend with occasional drops, registering a high of 30.00 in 2019 and 29.00 in 2022. The introduction of Arson in 2021 with 5.00 incidents highlights a new area of concern. Those looking to invest or develop in the county should consider these trends, as they can impact real estate values, insurance premiums, and overall community safety perceptions.
Demographics
Van Wert County, Ohio, shows a balanced gender distribution among adults with a slightly higher number of females. The highest educational attainment is predominantly high school graduates, though there is a notable portion with some college education or higher degrees. Age-wise, the population leans towards older demographics, with significant numbers in the 45 to 64 age bracket. Racially, the county is overwhelmingly white, with very few residents identifying as other racial groups,... Read more
Race Distribution in Van Wert County, Ohio (2022)
Educational Attainment in Van Wert County, Ohio (2022)
Age Distribution in Van Wert County, Ohio
Citizen Population in Van Wert County, Ohio (2022)
Political Trends & Data
Van Wert County, Ohio, shows a strong Republican preference, with about 77.8% of the vote in the 2020 U.S. Presidential Election going to the Republican party, compared to roughly 20.5% for the Democrats. The Libertarian party had minimal impact, receiving around 1.3% of the votes, and there was virtually no support for the Green party. This pattern suggests a predominantly Republican lean among voters, hinting at political stability and perhaps fewer political shifts in the near... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Van Wert County, Ohio, the 2020 U.S. Presidential Election results suggest a significant lean toward the Republican party, which garnered approximately 77.8% of the vote. The Democratic party trailed significantly with roughly 20.5%. Support for other parties was minimal, with the Libertarian party receiving around 1.3%, and no notable support for the Green party. This distribution may indicate a strong Republican presence and perhaps a limited appetite for third-party candidates among the electorate in this county.
77.85% of voters voted for the Republican party in the 2020 Presidential Election
20.49% of voters voted for the Democrat party in the 2020 Presidential Election
1.34% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Van Wert County, Ohio has experienced notable fluctuations in its student-to-teacher ratio, peaking at 19 in 2022 and then slightly decreasing to 18 in 2023, well above the national average of 14. These trends suggest potential shifts in educational infrastructure demands, important for investors, developers, and real estate agents. High ratios might indicate overcrowded schools, which can influence property values and community attractiveness, highlighting the need for careful analysis when... Read more
Student-to-teacher ratio in Van Wert County, Ohio over the last 9 years
Over the last nine years, Van Wert County, Ohio has seen fluctuations in its student-to-teacher ratio, with values ranging from approximately 13 students per teacher in 2017 to a notable peak of 19 in 2022, before slightly decreasing to 18 in 2023. This ratio has consistently been higher than the national average of 14 students per teacher. For investors, developers, and real estate agents, these trends might signal changing demands in educational infrastructure, warranting close attention to school capacity and classroom sizes. Appraisers and insurance agents should also consider these ratios as they could impact property valuations and community desirability for families prioritizing education. Understanding this dynamic helps gauge the quality and potential challenges of the local education system, which can, in turn, influence residency decisions and long-term planning strategies.
