Wood County Real Estate and Livability Trends
Wood County, Ohio is experiencing substantial changes in its real estate market, driven by a notable rise in average taxable income per taxpayer and a significant increase in median home values from $146,300 in 2015 to $203,300 in 2022. These shifts hint at an underlying strength in the local economy and growing property values. Notably, real estate taxes have surged from $3,272.78 in 2012 to... Read more
Wood County Market Trends
The median home value in Wood County, Ohio has risen significantly from $146,300 in 2015 to $203,300 in 2022, outpacing both state and national growth rates. Residential energy tax credits spiked in 2018 to an average of $2,975.00 per tax return, hinting at increased home energy improvements, with recent values like $648.28 in 2021 indicating sustained interest in energy efficiency. Meanwhile,... Read more
Median Value of Occupied Housing Units in Wood County, Ohio Over the Last 8 Years
Over the last eight years, the median home value in Wood County, Ohio has seen consistent growth from $146,300 in 2015 to $203,300 in 2022. This trend surpasses both the state of Ohio, which climbed from $129,900 to $183,300, and the national median, which increased from $125,500 to $179,400 in the same period. Investors and homebuyers might find Wood County particularly interesting due to its sharper upward trajectory in home values compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Wood County, OH Over the Last 9 Years
Wood County, Ohio's residential energy tax credits have shown notable fluctuations over the past nine years, with a particularly significant spike in 2018 to an average of $2,975.00 per tax return, possibly indicating a surge in home energy improvements that year. Since then, values have stabilized but remain higher than earlier years, with recent figures like $648.28 in 2021 suggesting continued interest in energy-efficient home upgrades. This could be attractive for investors, real estate agents, and homeowners, highlighting potential incentives and cost savings related to property developments in the area.
Average Real Estate Taxes Per Tax Return in Wood County, OH Over the Last 10 Years
Real estate taxes per tax return in Wood County, Ohio have seen a noticeable upward trend over the past decade. Starting at $3,272.78 in 2012, the average taxes have climbed to $6,422.06 by 2021. Notable jumps occurred between 2017 and 2018 ($4,077.10 to $5,153.41) and between 2019 and 2020 ($5,597.68 to $6,102.38). This data reflects a potentially increasing demand and rising property values, which could be of interest to investors, real estate agents, and those considering moving to or insuring property in the area.
Percentage of Farm Returns in Wood County, OH Over the Last 10 Years
Wood County, Ohio, has seen a gradual decline in the percentage of farm tax returns over the past decade. In 2012, farm returns were around 1.85%, but by 2021, that figure had eased to approximately 1.54%. Farm tax returns often indicate the agricultural activity in a region and offer insights into the economic health of the farming sector. For potential investors, builders, and residents, the decline may suggest shifts in local business dynamics and land use. This could potentially influence property values, development opportunities, and regional growth prospects, making it essential to consider these trends when making decisions about living or investing in Wood County.
Number of Mortgages by Occupancy Type in Wood County, OH Over the Last 5 Years in Wood County
Over the past five years, the number of mortgages for principal residences in Wood County, Ohio has shown variability, peaking notably in 2020 with 8,402 mortgages before declining to 5,147 in 2022. Investment property mortgages reached a high of 308 in 2021, demonstrating a potential burgeoning interest in this sector, though they saw a decrease to 196 by 2022. Mortgages for second residences have remained relatively low and steady. Shifts in occupancy types can signal changing real estate dynamics and economic conditions, impacting decisions from investors assessing market viability, to insurers evaluating risk profiles. Real estate agents and appraisers might find these trends crucial when advising clients on property values and market opportunities, while builders might gauge demand for different types of housing developments.
Economic Outlook
Wood County, Ohio has seen a notable rise in average taxable income per tax return, jumping from $57,544.16 in 2013 to $79,419.38 in 2021, which might indicate a strengthening local economy and potentially increasing property values. At the same time, average state and local income taxes per tax return have surged from $6,676.25 in 2012 to $13,214.49 in 2021, reflecting possible hikes in local income levels or tax rates. Average tax liability per return has also increased, rising from $8,888.85... Read more
Average Taxable Income per Tax Return in Wood County, OH over the last 9 years
Wood County, Ohio has seen a notable upward trend in average taxable income per tax return over the past nine years, increasing from around $57,544.16 in 2013 to approximately $79,419.38 in 2021. This steady growth, particularly the significant jump between 2020 and 2021, could suggest a strengthening economy and potentially increasing property values, which might attract investors and homebuyers. For real estate agents, appraisers, and insurance agents, this may indicate a vibrant market, with potentially higher returns on property investments and sales. Economic growth like this generally sparks interest for those looking to move in or build properties, as it hints at a financially healthy and potentially prosperous community.
Average State and Local Income Taxes Per Tax Return in Wood County, OH Over the Last 10 Years
Over the past decade, Wood County, Ohio has experienced a significant upward trend in average state and local income taxes per tax return. From $6,676.25 in 2012, these taxes have surged to $13,214.49 by 2021. The steepest increases appear to have started in 2018, suggesting a considerable hike in local income levels or tax rates, which might be essential for appraisers and investors assessing the economic climate and future growth prospects in the area. This trend could influence decisions related to property investments, real estate ventures, and overall financial planning for those considering moving to or investing in Wood County.
Average Total Tax Liability Per Tax Return in Wood County, OH Over the Last 10 Years
Over the past decade, the average tax liability per return in Wood County, Ohio has shown a notable upward trend, climbing from $8,888.85 in 2012 to $12,738.44 in 2021. This surge may reflect a combination of rising incomes, property values, or changes in tax rates and regulations. It's worth noting the sharp jumps between 2016 and 2017, and again between 2020 and 2021, suggesting possibly significant local economic shifts or policy changes. For investors, real estate agents, and those considering a move to Wood County, understanding these financial patterns can provide context for evaluating market conditions, property investment potentials, and expected cost of living changes.
Cost of Living in Wood County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,271 | $1,448 | $1,782 | $1,778 | $1,260 |
| 1 adult 4 children | $1,271 | $1,182 | $1,370 | $1,778 | $1,396 |
| 2 adults 3 children | $1,271 | $1,183 | $1,543 | $1,778 | $1,051 |
| 1 adult 3 children | $1,271 | $966 | $1,131 | $1,778 | $1,162 |
| 2 adults 2 children | $945 | $968 | $1,303 | $1,589 | $866 |
| 1 adult 2 children | $945 | $723 | $891 | $1,589 | $861 |
| 2 adults 1 child | $945 | $765 | $1,063 | $974 | $791 |
| 1 adult 1 child | $945 | $494 | $651 | $974 | $670 |
| 2 adults | $728 | $615 | $824 | $0 | $558 |
| 1 adult | $665 | $335 | $412 | $0 | $472 |
Safety trends & Data
Wood County, Ohio's property crime trends reveal some interesting fluctuations. Larceny-theft has remained quite high, peaking at 210.00 incidents in 2019 and staying similar at 208.00 in 2022. There's been a notable decline in burglary incidents, dropping from 26.00 in 2019 to 11.00 in 2022. Vandalism incidents saw a peak in 2019 with 76.00 cases, while fraud slightly increased to 22.00 by 2022. Though motor vehicle theft and arson incidents are minimal, these patterns might be worth... Read more
Property Crime Trends in Wood County, OH Over the Last 5 Years
Wood County, Ohio has experienced varying levels of property crime over the last five years. Larceny-theft consistently shows high numbers, peaking at 210.0 incidents in 2019, while 2022 saw a very similar rate at 208.0 incidents. Burglary incidents have generally declined, from 26.0 in 2019 to 11.0 in 2022. Vandalism and fraud display moderate fluctuations, with vandalism peaking at 76.0 incidents in 2019 and fraud seeing a slight rise to 22.0 incidents in 2022. Although motor vehicle theft and arson remain minimal, these trends might signal stability or concern depending on one's viewpoint, particularly if considering investment or security measures in the area.
Demographics
Wood County, Ohio exhibits a slight female majority in its adult population, which could impact local policies on health and social services. Educational attainment is diverse, but a significant portion of adults possess at least a high school diploma or some college experience, indicating potential for workforce education programs to enhance skill sets. The population skews younger, with notable concentrations in the 20 to 34 age range, and a sizeable elderly population over 65, suggesting... Read more
Race Distribution in Wood County, Ohio (2022)
Educational Attainment in Wood County, Ohio (2022)
Age Distribution in Wood County, Ohio
Citizen Population in Wood County, Ohio (2022)
Political Trends & Data
Wood County, Ohio's real estate market trends could be influenced by its political leanings, which slightly favor Republicans with just over 52% of the vote in the 2020 Presidential Election. The relatively competitive race, with Democrats securing around 45%, hints at a balanced community that might attract a diverse range of homebuyers. Minor parties like Libertarians showed minimal support, capturing around 1-2% collectively, suggesting limited demand for unconventional lifestyle choices... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wood County in Ohio exhibited a slight Republican preference during the 2020 U.S. Presidential Election, with Republicans potentially capturing just over 52% of the votes. Democrats trailed closely with approximately 45%, suggesting a relatively competitive landscape. Minor party candidates, including Libertarians and others, collectively gained minimal support, around 1-2%, indicating limited traction for alternative political movements in the area.
52.90% of voters voted for the Republican party in the 2020 Presidential Election
45.29% of voters voted for the Democrat party in the 2020 Presidential Election
1.47% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wood County, Ohio has seen a student-to-teacher ratio slightly above the national average of 14 students per teacher over the past nine years, fluctuating between 16 and 17 students per teacher. This trend could suggest a steady demand for educational resources, which might be an important consideration for those looking to invest in educational infrastructure or move into the area with school-age children. Understanding these dynamics can help real estate agents better serve clients who... Read more
Student-to-teacher ratio in Wood County, Ohio over the last 9 years
Wood County, Ohio has seen a student-to-teacher ratio that hovers slightly above the national average of 14 students per teacher over the past nine years. Ratios have fluctuated between 16 and 17 students per teacher, with a peak at 17 in 2019 and a more recent low of 16 in 2023. This trend could suggest a steady demand for educational resources that slightly outpaces the national average, which might be an important consideration for those looking to invest in educational infrastructure or move into the area with school-age children. For real estate agents, understanding these dynamics can help better serve clients who prioritize smaller class sizes, while appraisers and builders can factor in the potential for continued or increased investment in school facilities.
