Allegheny County Real Estate and Livability Trends
Allegheny County, Pennsylvania has shown a marked increase in economic stability, with average taxable income per tax return peaking at $95,012.04 in 2021. This rising affluence is further evidenced by a surge in state and local income taxes, which jumped to approximately $17,237.09. The real estate market mirrors this economic growth, with median home values increasing substantially from... Read more
Allegheny County Market Trends
Allegheny County, Pennsylvania has experienced a steady increase in median home values over the past eight years, from $129,600 in 2015 to $200,200 in 2022, signaling potential for market growth. Notably, residential energy tax credits have fluctuated, peaking significantly in 2018 at $2,340.22, suggesting heightened focus on energy-efficient upgrades. Real estate taxes have steadily risen,... Read more
Median Value of Occupied Housing Units in Allegheny County, Pennsylvania Over the Last 8 Years
Over the last 8 years, Allegheny County, Pennsylvania has seen a steady increase in median home values, from $129,600 in 2015 to $200,200 in 2022. Although Allegheny County's median home value growth is impressive, it's still catching up to Pennsylvania's statewide median of $226,200 for 2022 but has surpassed the national median of $179,400. This climb indicates robust market potential and could signal good opportunities for investors, movers, and property developers interested in the area.
Residential Energy Tax Credit Per Tax Return in Allegheny County, PA Over the Last 9 Years
Residential energy tax credits in Allegheny County, Pennsylvania have shown significant fluctuation over the last nine years. After a gradual rise from $271.60 in 2013 to a peak in 2017 at $497.52, there was a notable spike in 2018 to $2340.22, suggesting possible incentives or increased awareness in energy-efficient upgrades during that year. Subsequently, the credits dipped to around $670.43 in 2020 before rising again to $879.96 in 2021. This variability indicates changing incentives or adoption rates for energy-efficient improvements, which can be pivotal for investors, insurers, appraisers, builders, and residents planning property developments or considering renovations in the county.
Average Real Estate Taxes Per Tax Return in Allegheny County, PA Over the Last 10 Years
Average real estate taxes per tax return in Allegheny County, Pennsylvania, have seen a steady increase over the past decade, rising from approximately $5,008.62 in 2012 to about $8,658.39 in 2021. A particularly sharp jump is noticeable in 2018, with taxes leaping to an average of $8,020.53 from $6,010.15 in 2017. For investors and potential homeowners, this trend suggests a burgeoning real estate market, likely driven by rising property values and potentially shifting tax policies. For insurance agents and appraisers, this indicates a heightened need for accurate property valuations and risk assessments. Real estate agents could highlight these trends as part of the area's growing appeal and investment potential.
Percentage of Farm Returns in Allegheny County, PA Over the Last 10 Years
Over the past decade, agriculture in Allegheny County, Pennsylvania, has consistently shown a negligible fraction of farm tax returns, peaking at 0.06% in 2015 but steadily declining to a low of 0.05% by 2020. Farm tax returns, which indicate the number of households reporting farming income on their taxes, offer a glimpse into the local agricultural activity and can reflect economic trends for rural areas. For investors, developers, and new residents, this downward trend could suggest that agriculture isn't a primary economic driver in the county, potentially pointing toward more urban or alternative economic opportunities.
Number of Mortgages by Occupancy Type in Allegheny County, PA Over the Last 5 Years in Allegheny County
Allegheny County, Pennsylvania has seen fluctuations in mortgage counts across different occupancy types over the past five years. The demand for principal residences remained relatively high but showed a dip in 2022, whereas investment properties and second residences saw minor year-to-year changes. These shifts can imply varying degrees of market confidence and economic factors influencing purchasing behavior. For investors, knowing that the number of principal residence mortgages peaked in 2021 might suggest past market robustness. Meanwhile, insurance agents and appraisers should be aware of these trends as they could hint at changing risk profiles and property valuations. Builders and real estate agents could find the consistent interest in investment properties noteworthy as it potentially indicates a steady interest from rental property buyers. Overall, these mortgage trends offer a multi-faceted view into the county’s housing market dynamics.
Economic Outlook
Allegheny County, Pennsylvania has experienced a rise in average taxable income per tax return over the past nine years, peaking at $95,012.04 in 2021, suggesting increasing economic stability in the region. Meanwhile, state and local income taxes have also surged, jumping to approximately $17,237.09 in 2021, which could reflect changes in tax policy and impact the cost of living. The average total tax liability per tax return has followed a similar upward trend, reaching $17,956.75 in 2021.... Read more
Average Taxable Income per Tax Return in Allegheny County, PA over the last 9 years
Allegheny County, Pennsylvania has generally shown a rising trend in average taxable income per tax return over the last nine years, peaking significantly in 2021 at $95,012.04. While there were minor fluctuations, the overall increase suggests a potentially growing economic stability and prosperity in the region. This upward trajectory in income could make the area increasingly attractive for investors, potential new residents, real estate agents, and other stakeholders.
Average State and Local Income Taxes Per Tax Return in Allegheny County, PA Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Allegheny County, Pennsylvania, have shown a steady increase. Starting at around $7,132.50 in 2012, there was a noticeable jump to approximately $17,237.09 by 2021. Particularly significant was the sharp rise from 2017 to 2018, indicating potential changes in tax policy or economic conditions impacting taxpayer liabilities. Such trends could be crucial for prospective investors, property developers, and those considering relocation, as they might influence overall cost of living and financial planning in the county.
Average Total Tax Liability Per Tax Return in Allegheny County, PA Over the Last 10 Years
Over the past decade in Allegheny County, Pennsylvania, the average total tax liability per tax return has shown a consistent upward trend, rising from $12,504.05 in 2012 to $17,956.75 in 2021. This surge suggests potential higher incomes or changing tax policies, making the area increasingly significant for investors, insurance agents, and those looking to appraise or build property. Real estate agents and prospective residents may need to consider these financial dynamics when evaluating the region for relocations or investments.
Cost of Living in Allegheny County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,482 | $1,705 | $1,289 | $2,218 | $1,479 |
| 1 adult 4 children | $1,482 | $1,392 | $988 | $2,218 | $1,608 |
| 2 adults 3 children | $1,482 | $1,393 | $1,118 | $2,218 | $1,243 |
| 1 adult 3 children | $1,482 | $1,137 | $817 | $2,218 | $1,383 |
| 2 adults 2 children | $1,166 | $1,140 | $946 | $1,928 | $1,009 |
| 1 adult 2 children | $1,166 | $852 | $645 | $1,928 | $1,045 |
| 2 adults 1 child | $1,166 | $901 | $774 | $986 | $860 |
| 1 adult 1 child | $1,166 | $582 | $473 | $986 | $745 |
| 2 adults | $967 | $724 | $602 | $0 | $646 |
| 1 adult | $922 | $395 | $301 | $0 | $547 |
Safety trends & Data
Property crime in Allegheny County, Pennsylvania has seen a downward trend over the past five years, especially in burglary and larceny-theft. A spike in arson cases in 2020 and a significant drop in most crime categories in 2021 suggest external influences like the pandemic. Investors might consider these shifting risk profiles impactful for both commercial and residential appeal. Reduced crime rates could attract homebuyers and influence property appraisals and construction plans, as safer... Read more
Property Crime Trends in Allegheny County, PA Over the Last 5 Years
Property crime in Allegheny County, Pennsylvania has generally trended downward over the past five years, with noticeable dips in categories like burglary and larceny-theft. There was, however, a notable spike in arson cases in 2020 and a significant drop in most crime categories in 2021, hinting at possible external influences, such as the pandemic. For potential investors, this data underscores shifting risk profiles that could sway both commercial and residential appeal. Homebuyers and real estate agents might find the reduced crime rates promising, while insurance agents may adjust premiums accordingly. These trends could also influence property appraisals and construction plans, as safer neighborhoods typically garner higher values.
Demographics
Allegheny County, Pennsylvania, exhibits intriguing demographic patterns that start with its nearly equal gender split, showing slightly more females than males. Educational attainment levels indicate a substantial portion of the population holds at least a high school diploma, with notable numbers advancing to associate's, bachelor's, and even graduate degrees. The age distribution reveals a strong representation in the 25 to 34-year bracket, which may suggest a competitive job market fueled... Read more
Race Distribution in Allegheny County, Pennsylvania (2022)
Educational Attainment in Allegheny County, Pennsylvania (2022)
Age Distribution in Allegheny County, Pennsylvania
Citizen Population in Allegheny County, Pennsylvania (2022)
Political Trends & Data
Allegheny County, Pennsylvania's 2020 U.S. Presidential Election results hint at a Democratic leaning, with about 60% of the votes going to the Democratic party and around 39% to the Republicans. The Libertarian party captured just over 1%, with negligible support for the Green party or other minor parties. This voting trend may suggest a predominantly Democratic voter base in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Allegheny County, Pennsylvania, the 2020 U.S. Presidential Election results suggest a tilt towards the Democratic party, which garnered approximately 60% of the votes, while the Republican party received around 39%. The Libertarian party saw minimal support, with just over 1%. No significant votes were recorded for the Green party or other parties. This voting pattern potentially indicates a stronger Democratic presence in the county.
39.23% of voters voted for the Republican party in the 2020 Presidential Election
59.61% of voters voted for the Democrat party in the 2020 Presidential Election
1.16% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Allegheny County, Ohio, has seen a generally declining student-to-teacher ratio, dropping from around 14 students per teacher in 2015 to about 12.5 in 2023. This trend suggests more personalized attention in classrooms compared to the national average of 14 students per teacher, potentially attracting families who prioritize education. Consequently, a lower student-to-teacher ratio could positively influence property values, making the region appealing for real estate investors and developers,... Read more
Student-to-teacher ratio in Allegheny County, Ohio over the last 10 years
Allegheny County, Ohio, has seen a generally declining student-to-teacher ratio over the past decade, starting at around 14 students per teacher in 2015 and dropping to roughly 12.5 in 2023. This trend implies that the area might offer more personalized attention in classrooms compared to the national average of 14 students per teacher, which could be attractive for families prioritizing education. Furthermore, a lower student-to-teacher ratio could influence property values positively, making the region potentially more appealing for real estate investors and developers. For appraisers and insurance agents, understanding these shifts can offer deeper insights into the community's demographic trends and infrastructure demands.
