Wyandot County Real Estate and Livability Trends
Wyandot County, Ohio, is experiencing intriguing economic and property market dynamics. Average taxable income jumped from $46,469.10 in 2013 to $62,541.30 by 2021, indicating possible property value surges. Despite noteworthy tax burdens, median home values grew from $106,200 in 2015 to $154,200 by 2022, reflecting the county's appeal to investors. Real estate taxes climbed steadily, reaching... Read more
Wyandot County Market Trends
Wyandot County, Ohio, saw median home values increase from $106,200 in 2015 to $154,200 in 2022, compared to Ohio's broader rise from $129,900 to $183,300. A steady increase in average real estate taxes per tax return from $1,502.37 in 2012 to $2,658.82 in 2021 indicates appreciating property values, potentially appealing to investors. Residential energy tax credits have fluctuated, peaking at... Read more
Median Value of Occupied Housing Units in Wyandot County, Ohio Over the Last 8 Years
Wyandot County, Ohio saw median home values rise from $106,200 in 2015 to $154,200 in 2022. While this growth trend seems significant locally, home values in Ohio as a whole increased from $129,900 to $183,300 during the same period. Nationally, median values jumped from $125,500 to $179,400. The relatively lower prices in Wyandot County could indicate a more affordable entry point for investors or potential homeowners compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Wyandot County, OH Over the Last 8 Years
Residential energy tax credits per tax return in Wyandot County, Ohio have shown considerable variability over the last eight years. Notable peaks occurred in 2014 with an average of $433.33, in 2020 at $553.33, and a high in 2021 reaching $752.63. These fluctuations could suggest shifts in investment in energy-efficient home improvements or changes in state and federal incentives. Financial advisors, real estate agents, and builders may find this data useful for guiding clients and making informed decisions on energy-efficient investments.
Average Real Estate Taxes Per Tax Return in Wyandot County, OH Over the Last 10 Years
Over the last decade, Wyandot County, Ohio has seen a steady increase in average real estate taxes per tax return, climbing from $1,502.37 in 2012 to $2,658.82 in 2021. This gradual rise suggests a growing valuation of properties in the area, potentially appealing to investors looking for appreciating assets. For new residents or those considering building in the county, this upward trend may indicate an increasing demand and enhanced community services influencing property values, although it could also mean higher annual costs. Real estate agents and insurance professionals might find this trend indicative of a robust and potentially lucrative market, even as it highlights the need for careful appraisal when pricing or insuring properties.
Percentage of Farm Returns in Wyandot County, OH Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Wyandot County, Ohio exhibited a slight but consistent decline. Starting from approximately 5.12% in 2012, it reduced gradually to around 4.64% by 2021. Farm tax returns indicate the economic activity and engagement in agriculture within the county. While the trend showcases a mild decrease, the stability around the 4.5% mark suggests a steady presence of agricultural income, appealing for investors and residents interested in the agricultural landscape of Wyandot County.
Number of Mortgages by Occupancy Type in Wyandot County, OH Over the Last 5 Years in Wyandot County
In Wyandot County, Ohio, there's a noticeable emphasis on principal residence mortgages, peaking in 2021 with 1,010 counts. Investment property and second residence mortgages are significantly lower, indicating limited diversification in property types. This trend can impact market dynamics, with a high concentration of owner-occupied properties potentially stabilizing the community, influencing property values, and affecting risk assessments for insurers. Investors might find limited opportunities for rental or speculative buys, while builders and real estate agents should note the predominant demand for primary homes. Appraisors may need to consider this owner-occupancy ratio in their valuations and market analyses.
Economic Outlook
Wyandot County, Ohio demonstrates consistent economic growth, with average taxable income per tax return rising from $46,469.10 in 2013 to $62,541.30 by 2021, hinting at potentially increasing property values. Notable fluctuations in average state and local income taxes per tax return, peaking at $12,321.05 in 2021, suggest a growing tax burden, a key factor for investors and relocators. The total tax liability per tax return also reflects an upward trend, climbing from $6,214.93 in 2012 to... Read more
Average Taxable Income per Tax Return in Wyandot County, OH over the last 9 years
Over the past nine years, Wyandot County, Ohio has exhibited a steady increase in average taxable income per tax return, starting at approximately $46,469.10 in 2013 and reaching about $62,541.30 in 2021. This suggests consistent economic growth, which is a positive sign for potential investors and developers. For prospective homeowners, real estate agents, and appraisers, this trend could indicate a potentially increasing property value market. Insurance agents might find the rising incomes pertinent when assessing policy risks and coverage needs.
Average State and Local Income Taxes Per Tax Return in Wyandot County, OH Over the Last 10 Years
Over the past decade, Wyandot County, Ohio has seen significant fluctuations in average state and local income taxes per tax return, with notable increases in recent years. In 2018, there was a dramatic jump to $9,791.30 from previous values around $6,000, continuing upward to $12,321.05 in 2021. This trend suggests a growing tax burden which could impact decisions for those considering investments or relocations, influencing real estate market dynamics and financial planning within the county.
Average Total Tax Liability Per Tax Return in Wyandot County, OH Over the Last 10 Years
Over the past decade in Wyandot County, Ohio, average total tax liability per tax return has shown an overall upward trend. Notably, tax liability climbed from around $6,214.93 in 2012 to approximately $8,545.57 in 2021, with a peak observed in the most recent year indicating a rise in taxable income or changes in tax policies. This may suggest a growing local economy or an increase in property values, making it a critical point of analysis for investors, real estate professionals, and potential new residents looking to understand financial commitments in the area.
Cost of Living in Wyandot County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $966 | $1,323 | $1,997 | $1,320 | $1,037 |
| 1 adult 4 children | $966 | $1,080 | $1,528 | $1,320 | $1,117 |
| 2 adults 3 children | $966 | $1,081 | $1,732 | $1,320 | $833 |
| 1 adult 3 children | $966 | $882 | $1,263 | $1,320 | $886 |
| 2 adults 2 children | $794 | $885 | $1,467 | $1,154 | $758 |
| 1 adult 2 children | $794 | $661 | $998 | $1,154 | $702 |
| 2 adults 1 child | $794 | $699 | $1,203 | $615 | $700 |
| 1 adult 1 child | $794 | $452 | $734 | $615 | $570 |
| 2 adults | $652 | $562 | $938 | $0 | $571 |
| 1 adult | $587 | $306 | $469 | $0 | $477 |
Safety trends & Data
Property crime trends in Wyandot County, Ohio reveal that larceny-theft and vandalism are the most common offenses, with fluctuating annual numbers. Burglary incidents have seen a slight increase in 2022, while fraud and forgery-counterfeiting remain low and stable. These trends can potentially impact property values and insurance rates, making them relevant for investors, property developers, and real estate professionals who need to evaluate associated risks and opportunities within the... Read more
Property Crime Trends in Wyandot County, OH Over the Last 5 Years
Property crime trends in Wyandot County, Ohio over the past five years have shown larceny-theft and vandalism as the most frequently occurring offenses, with both displaying fluctuating numbers annually. Burglary incidents saw a slight increment in 2022 compared to previous years. Instances of fraud and forgery-counterfeiting appear relatively low and stable. Investors and property developers might want to consider these trends as they can influence property value and insurance rates. For real estate agents, appraisers, and insurance agents, understanding these trends is crucial for evaluating risks and opportunities within the county.
Demographics
Wyandot County, Ohio's demographic trends highlight an almost balanced gender distribution with perhaps a slight female majority. Education levels indicate that a large portion of the population has at least completed high school, while fewer have achieved higher educational degrees. The age distribution shows a relatively even spread across all age groups, with a marginally larger demographic in the older age brackets. The racial makeup is predominantly White, with minimal representation from... Read more
Race Distribution in Wyandot County, Ohio (2022)
Educational Attainment in Wyandot County, Ohio (2022)
Age Distribution in Wyandot County, Ohio
Citizen Population in Wyandot County, Ohio (2022)
Political Trends & Data
Wyandot County, Ohio, leaned Republican in the 2020 U.S. Presidential Election, with about 74.00% of votes possibly going to the GOP candidate. The Democratic candidate received roughly 24.00%, reflecting a strong conservative presence. Minor parties, including the Libertarians, had minimal impact, showing limited third-party influence in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wyandot County, Ohio, leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 74% of the votes potentially favoring the Republican candidate. In comparison, the Democratic candidate garnered around 24% of the vote, suggesting a strong conservative tilt in this region. Minor parties like the Libertarians and others made up a very small fraction of the vote, indicating a limited presence of third-party influence.
74.29% of voters voted for the Republican party in the 2020 Presidential Election
23.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.36% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wyandot County in Ohio has observed an increase in the student-to-teacher ratio from 16 in 2014 to approximately 17 in 2023. This trend indicates a potential rise in classroom sizes, which could influence decisions for investors and builders regarding the demand for educational facilities. Real estate agents and prospective residents may compare this to the national average of 14 students per teacher when assessing school quality. Appraisers and insurance agents might also factor in these... Read more
Student-to-teacher ratio in Wyandot County, Ohio over the last 9 years
Wyandot County, Ohio has seen a gradual increase in the student-to-teacher ratio over the last nine years, starting from 16 in 2014 and reaching around 17 in 2023. This trend might suggest growing classroom sizes, which can be relevant for investors and builders considering the demand for educational facilities. Real estate agents and potential newcomers might weigh these figures against the national average of 14 students per teacher when evaluating the quality of education. Appraisers and insurance agents could also find these insights useful in assessing property values and community needs, as higher student-to-teacher ratios can impact perceptions of local school quality.
