Wayne County Real Estate and Livability Trends
In Wayne County, Ohio, economic growth is evident as the average taxable income per tax return rose from $49,051.57 in 2013 to $67,188.22 in 2021. This prosperity is mirrored in real estate trends, with median home values jumping from $135,700 in 2015 to $189,800 in 2022. Higher average real estate taxes, up from $2,726.56 in 2012 to $4,629.67 in 2021, also point to increased property values and... Read more
Wayne County Market Trends
Wayne County, Ohio's median home values have shown consistent growth, jumping to $189,800 in 2022 from $135,700 in 2015, outpacing state and national medians. The sharp rise in residential energy tax credits peaking at $2,442.86 in 2018 suggests robust investment in energy-efficient improvements. A steady increase in average real estate taxes, climbing to about $4,629.67 in 2021 from $2,726.56 in... Read more
Median Value of Occupied Housing Units in Wayne County, Ohio Over the Last 8 Years
Wayne County, Ohio's median home values have experienced consistent growth over the last eight years, with 2022 seeing a substantial increase to $189,800 from $135,700 in 2015. This outpaces Ohio's overall median home value of $183,300 and the national figure of $179,400 for the same year. For those considering investment or relocation, such a trend might suggest a thriving housing market that could be poised for further appreciation, making Wayne County potentially attractive compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Wayne County, OH Over the Last 9 Years
Wayne County, Ohio has experienced significant fluctuations in residential energy tax credits over the past nine years, showing a sharp increase from about $327.42 in 2013 to a peak of around $2,442.86 in 2018, indicating a robust investment in energy-efficient home improvements. Despite some declines post-2018, recent values around $1,114.12 in 2021 are still notably higher than early years. This rising trend could suggest increased awareness and incentives for energy efficiency, potentially enhancing property values and appeal for environmentally-conscious buyers, appraisers, and investors.
Average Real Estate Taxes Per Tax Return in Wayne County, OH Over the Last 10 Years
Over the past decade, Wayne County, Ohio has experienced a noticeable increase in average real estate taxes per tax return, jumping from approximately $2,726.56 in 2012 to roughly $4,629.67 in 2021. This trend suggests a gradually rising property tax burden, which may be indicative of both economic development and increasing property valuations in the area. For potential homeowners, builders, and investors, this can signal a thriving market but also underscores the importance of budgeting for higher tax costs when considering real estate transactions in this region. Real estate agents and appraisers should take note of this upward trajectory as it might impact property affordability and market dynamics.
Percentage of Farm Returns in Wayne County, OH Over the Last 10 Years
Wayne County, Ohio, has seen some notable fluctuations in the percentage of farm tax returns over the past decade, peaking around 3.75% in 2018 and dipping to approximately 3.42% in 2020. For those considering investments or development in this area, these figures suggest a relatively consistent yet slightly declining trend in agricultural filings. This trend could indicate subtle shifts in the local economy or a rise in other forms of land use. Understanding farm tax returns is key—they highlight the proportion of total tax filings consisting of farm income, reflecting the agricultural sector's health and its impact on the regional economy.
Number of Mortgages by Occupancy Type in Wayne County, OH Over the Last 5 Years in Wayne County
Over the past five years in Wayne County, Ohio, mortgage counts for principal residences have exhibited significant fluctuations, spiking notably in 2020 and 2021. Investment property and second residence mortgages have remained relatively stable but vastly lower in volume compared to principal residences. These shifts in occupancy type could suggest changing housing demands, presenting opportunities and challenges for investors, potential residents, appraisers, and real estate agents. For those considering building or investing, understanding these trends might help assess market stability and potential growth areas. Additionally, insurance agents might find these patterns useful for risk assessment and policy adjustments in the region.
Economic Outlook
In Wayne County, Ohio, the average taxable income per tax return has risen from around $49,051.57 in 2013 to roughly $67,188.22 in 2021, signaling economic growth or higher earning potential that could interest investors and property developers. Average state and local income taxes have seen a marked increase, up over 150% from $5,311.07 in 2012 to $13,757.06 in 2021, possibly reflecting shifts in local economic conditions and tax policies. The rising average total tax liability per tax return,... Read more
Average Taxable Income per Tax Return in Wayne County, OH over the last 9 years
In Wayne County, Ohio, the average taxable income per tax return has seen a general upward trend over the past nine years. Starting at approximately $49,051.57 in 2013, there has been occasional fluctuation, but the increase has been more pronounced in recent years, reaching around $67,188.22 by 2021. Such an increase in taxable income could be an indicator of economic growth or higher earning potential, which might interest prospective investors, property developers, and those considering moving to the area. The trend may also influence real estate values and insurance rates, making it a significant consideration for anyone involved in the local economy or property market.
Average State and Local Income Taxes Per Tax Return in Wayne County, OH Over the Last 10 Years
Average state and local income taxes per tax return in Wayne County, Ohio have depicted a significant upward trajectory over the past decade, marking an over 150% increase from $5,311.07 in 2012 to $13,757.06 in 2021. Noticeable spikes occurred post-2017, with a sharp rise in 2018 and peaking in recent years. This upward trend might be indicative of evolving local economic conditions and potential alterations in tax policies, impacting investment strategies, property values, insurance factors, and the general desirability of the area for new residents and businesses. To anyone involved in the real estate sector or financial planning in Wayne County, these shifting tax landscapes are a critical consideration.
Average Total Tax Liability Per Tax Return in Wayne County, OH Over the Last 10 Years
Wayne County, Ohio has seen a notable increase in the average total tax liability per tax return over the last decade. Starting at around $6,840.60 in 2012 and climbing to approximately $9,271.37 by 2021, this upward trend may indicate rising incomes or changes in tax policies affecting residents. For potential investors, builders, and real estate agents, understanding this trend is crucial as it could reflect the economic growth and stability of the area. Appraisers and insurance agents might also find this data useful when assessing property values and risk.
Cost of Living in Wayne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,103 | $1,584 | $1,932 | $1,483 | $1,226 |
| 1 adult 4 children | $1,103 | $1,294 | $1,478 | $1,483 | $1,325 |
| 2 adults 3 children | $1,103 | $1,294 | $1,676 | $1,483 | $1,001 |
| 1 adult 3 children | $1,103 | $1,057 | $1,222 | $1,483 | $1,070 |
| 2 adults 2 children | $861 | $1,060 | $1,420 | $1,293 | $844 |
| 1 adult 2 children | $861 | $791 | $966 | $1,293 | $805 |
| 2 adults 1 child | $861 | $837 | $1,165 | $678 | $758 |
| 1 adult 1 child | $861 | $541 | $710 | $678 | $616 |
| 2 adults | $654 | $673 | $909 | $0 | $589 |
| 1 adult | $611 | $367 | $454 | $0 | $486 |
Safety trends & Data
Wayne County, Ohio has seen notable fluctuations in property crime over the past five years. Larceny-theft incidents peaked in 2018 at 129.00 but decreased thereafter. Similarly, there was a high of 35.00 burglary incidents in 2021, though numbers were lower in 2020. Vandalism incidents have also significantly dropped post-2018, and overall fraud cases show a downward trend despite minor fluctuations. These trends may point to improved local law enforcement or community engagement, making it an... Read more
Property Crime Trends in Wayne County, OH Over the Last 5 Years
Over the past five years in Wayne County, Ohio, property crimes have fluctuated significantly. Larceny-theft peaked in 2018 with 129.00 incidents but notably dropped in subsequent years. Burglary saw a high of 35.00 incidents in 2021, contrasting with a low in 2020. Vandalism incidents also varied, with a significant reduction noted after 2018. Fraud cases showed a downward trend overall, with minor fluctuations. The property crime landscape in Wayne County suggests a general decrease in most categories, potentially indicating improvements in local law enforcement or community engagement strategies. This matters to potential investors, developers, and residents as it reflects trends in safety and security within the county.
Demographics
Wayne County, Ohio has a relatively balanced gender distribution among adults, with slightly more females than males. The population shows a significant proportion with at least a high school education, but higher education attainment like bachelor's or graduate degrees is somewhat less common. The age distribution features a substantial segment in the 55 to 64 age bracket, suggesting an aging population. Racially, the county is predominantly white, with minorities making up a smaller fraction... Read more
Race Distribution in Wayne County, Ohio (2022)
Educational Attainment in Wayne County, Ohio (2022)
Age Distribution in Wayne County, Ohio
Citizen Population in Wayne County, Ohio (2022)
Political Trends & Data
Wayne County, Ohio leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 68% of the vote favoring the GOP. Democrats pulled in around 31%, while Libertarians barely made a dent at just over 1%, and the Green Party saw zero support. This strong Republican preference could indicate conservative values shaping local policies and candidate choices in future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wayne County in Ohio leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 68% of the vote. Democrats garnered around 31%, while Libertarians trailed far behind with just over 1%. The minimal support for other parties, including zero for the Green Party, highlights a strong two-party dominance with a significant tilt towards Republicans. This skew could suggest entrenched conservative values within the community, potentially influencing local policies and candidate selections in future elections.
67.72% of voters voted for the Republican party in the 2020 Presidential Election
30.69% of voters voted for the Democrat party in the 2020 Presidential Election
1.23% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wayne County, Ohio has experienced varying student-to-teacher ratios, peaking at 26 students per teacher in 2017 compared to the national average of 14. These ratios dropped to 18 in 2018 and have hovered just below 20 from 2019 to 2023. Such fluctuations could influence property values and investments due to the impact on quality of education—a key factor for families. For real estate agents, appraisers, developers, and insurance agents, these metrics offer insights into community dynamics... Read more
Student-to-teacher ratio in Wayne County, Ohio over the last 9 years
Wayne County, Ohio has experienced fluctuating student-to-teacher ratios over the past nine years, peaking at 26 students per teacher in 2017, compared to the national average of 14 students per teacher. Ratios dropped to 18 in 2018 and have hovered slightly below 20 from 2019 to 2023. These changes could impact property values, potential investments, and quality of life considerations for families, as lower ratios generally suggest more personalized education, potentially making the area more desirable to families prioritizing education. Real estate agents and appraisers might find these metrics useful in understanding community dynamics, while developers and insurance agents can gauge potential demographic shifts.
