Pennsylvania Real Estate and Livability Trends

In Pennsylvania, median home values have steadily increased from $166,000 in 2015 to $226,200 in 2022, outpacing national trends. This could make the state an attractive option for real estate investors. Residential energy tax credits per tax return have fluctuated over the last nine years, with a peak of $2380.45 in 2018, potentially highlighting changes in energy efficiency initiatives.... Additionally, average real estate taxes per tax return have nearly doubled from $4678.72 in 2012 to $7551.90 in 2021, suggesting rising property values or shifts in tax policy. Meanwhile, farm tax returns have seen a slight but steady decline, indicating evolving agricultural landscapes. Read more

Average taxable incomes in Pennsylvania have seen steady growth, climbing from $60,888.83 in 2013 to $88,021.17 by 2021. Significant jumps in income between 2017-2018 and 2020-2021 could hint at the effects of economic policies or external events. Over the same period, average state and local income taxes per tax return more than doubled, reaching $14,482 in 2021. This sharp increase in taxes reflects a growing tax burden that can influence property values and living costs. Additionally, the... total tax liability per tax return also rose from approximately $11,030.97 in 2012 to $16,191.97 by 2021, indicating potential changes in income levels or tax policies affecting the real estate market and economic environment. Read more

Property crime trends in Pennsylvania over the past five years suggest some significant shifts across different categories. Fraud offenses, peaking at $35,411.00 in 2018, nearly halved by 2022. Forgery and counterfeiting cases also saw a steep decline from $8,105.00 in 2018 to $2,674.00 in 2022. Arson-related arrests fluctuated, with a low of $953.00 in 2021 and a rebound to $2,008.00 in 2022. Burglary and motor vehicle thefts seemed to generally decline, while embezzlement arrests dropped... markedly from $2,195.00 to $566.00 within three years. Although vandalism is still an issue, it decreased significantly from $6,144.00 in 2018 to $1,781.00 by 2021. Prospective investors and residents might find these trends noteworthy for assessing property-related crime risks over different periods. Read more

Pennsylvania's adult population in 2022 showed a slight gender imbalance with females potentially outnumbering males. The state's educational attainment levels might reflect a focus on high school completion, while higher education saw significant participation. The age distribution suggests a mature population, with a notable percentage in the 55 to 64 age range. Racially, the majority population is likely white, with African American, Asian, and other races contributing to the... diversity. Read more

The 2020 U.S. Presidential Election in Pennsylvania highlighted an intensely competitive political climate, with Democrats securing a slight majority by just over 50% of the vote. This tight race reveals a deeply polarized electorate with marginal influence from third-party candidates, suggesting that future elections could see significant fluctuations based on minor shifts in voter... sentiment. Read more

Over the past ten years, Pennsylvania has seen a decreasing trend in student-to-teacher ratios, dropping from 13 students per teacher in 2014 to around 12 in 2023. This period had fluctuations, but the trend indicates smaller class sizes compared to the national average of 14 students per teacher. Investors and homebuyers might find this appealing as smaller class sizes could imply more individualized attention for students. This could be a significant selling point for real estate agents and... developers looking to market properties to families interested in quality education options. Appraisers and insurance agents might also factor the quality of local schools into their assessments and policies. Read more