Armstrong County Real Estate and Livability Trends
Armstrong County, Pennsylvania, has seen a notable rise in median home values, climbing to $135,800 in 2022 from $96,000 in 2015, outpacing both the state and national medians. The average taxable income per tax return jumped from about $46,253.00 in 2013 to roughly $60,393.31 in 2021, hinting at a strengthening local economy. This economic growth is mirrored by an increase in average real estate... Read more
Armstrong County Market Trends
Armstrong County, Pennsylvania has seen a notable rise in median home values, climbing to $135,800 in 2022 from $96,000 in 2015, outpacing both the state and national medians. The average residential energy tax credit per tax return surged to $820.34 in 2021 from $237.86 in 2013, suggesting a growing local commitment to energy-efficient home improvements. Additionally, average real estate taxes... Read more
Median Value of Occupied Housing Units in Armstrong County, Pennsylvania Over the Last 8 Years
Over the last eight years, Armstrong County, Pennsylvania has experienced a significant rise in median home values, hitting $135,800 in 2022 from just $96,000 in 2015. This local trend shows a faster appreciation compared to the state median, which increased from $166,000 to $226,200 over the same period, and the national median, which grew from $125,500 to $179,400. These shifts may attract potential investors and homeowners looking for growing markets with relative affordability.
Residential Energy Tax Credit Per Tax Return in Armstrong County, PA Over the Last 8 Years
Over the past eight years, Armstrong County, Pennsylvania, has seen a notable increase in the average residential energy tax credit per tax return, rising from approximately $237.86 in 2013 to around $820.34 in 2021. Such a significant rise in tax credits potentially underscores growing investment in energy-efficient home improvements and renewable energy sources among residents. For potential investors, insurance agents, appraisers, and those in the real estate market, this trend may reflect an evolving market with increasing property values driven by sustainability practices.
Average Real Estate Taxes Per Tax Return in Armstrong County, PA Over the Last 10 Years
Over the past decade, Armstrong County, Pennsylvania has experienced a noticeable increase in average real estate taxes per tax return. Starting at $3,190.37 in 2012, this figure climbed steadily, peaking in 2018 at $4,941.03. Since then, it has marginally decreased, landing at $4,850.91 in 2021. This trend may suggest rising property values or adjustments in tax policies, making it crucial for prospective buyers and investors to consider these tax implications. Real estate professionals, insurance agents, and appraisers should also take note of this trend as it could impact market dynamics and property valuations.
Percentage of Farm Returns in Armstrong County, PA Over the Last 10 Years
Armstrong County, Pennsylvania has seen a slight downward trend in the percentage of farm tax returns over the past decade, moving from 1.73% in 2012 to around 1.49% in 2021. This small dip might reflect broader changes in local agricultural activities or a shift in economic priorities within the county. For those considering investments or property developments, understanding these subtle shifts could inform decisions about potential opportunities or challenges in the agricultural sector.
Number of Mortgages by Occupancy Type in Armstrong County, PA Over the Last 5 Years in Armstrong County
Armstrong County, Pennsylvania has seen consistent demand for principal residences over the past five years, with mortgage counts peaking in 2021 at 2,733. Investment property mortgages have remained relatively stable, ranging between 71 and 92 per year, while second residence mortgages have seen minimal variation, hovering between 25 and 53 annually. Investors and real estate professionals should consider that the high proportion of principal residence mortgages indicates a strong owner-occupier market, which could mean steadier property values and rental income potential compared to areas with higher investment property or second residence activity. Consequently, changes in occupancy type can significantly impact local property values, insurance premiums, and market dynamics, playing a crucial role in decision-making for various stakeholders.
Economic Outlook
Armstrong County, Pennsylvania, has seen a significant rise in average taxable income per tax return, climbing from approximately $46,253.00 in 2013 to around $60,393.31 in 2021, hinting at a strengthening local economy. However, the county has also experienced volatility in state and local income taxes, peaking at $9,616.98 in 2020 before settling at $7,786.54 in 2021. The average total tax liability has shown an overall upward trajectory, moving from $6,375.12 in 2013 to $8,260.93 in 2021,... Read more
Average Taxable Income per Tax Return in Armstrong County, PA over the last 9 years
Over the past nine years, Armstrong County, Pennsylvania has seen a notable upward trend in average taxable income per tax return, with a rise from approximately $46,253.00 in 2013 to around $60,393.31 in 2021. This growth may suggest a gradually strengthening local economy, which could be appealing for potential investors, property developers, and real estate professionals. The consistent increase largely points towards an improving financial landscape, potentially indicating enhanced earning opportunities and economic stability in the area. Such trends are beneficial for appraisers and insurance agents when assessing property values and risks.
Average State and Local Income Taxes Per Tax Return in Armstrong County, PA Over the Last 10 Years
Armstrong County, Pennsylvania has experienced fluctuations in average state and local income taxes per tax return over the past decade, with a notable spike starting in 2018. Tax values, which hovered around $4,700 to $5,000 from 2012 through 2017, saw a dramatic increase, peaking at $9,616.98 in 2020 before slightly decreasing to $7,786.54 in 2021. This volatility can impact financial planning for residents and may influence appraisers, real estate agents, and potential investors in assessing the cost of living or the fiscal climate for new development in the county.
Average Total Tax Liability Per Tax Return in Armstrong County, PA Over the Last 10 Years
Over the past decade, Armstrong County, Pennsylvania has witnessed a fluctuating but overall upward trend in the average total tax liability per tax return. Investors and new residents might note the sharp rise in tax liability from $6,375.12 in 2013 to $8,260.93 in 2021, suggesting increasing income or higher local tax rates. Such financial shifts can impact property values, insurance costs, and investment returns, making it crucial for appraisers and real estate agents to factor in these variables. This trend could indicate economic growth or changes in local fiscal policies, influencing future investments and living costs.
Cost of Living in Armstrong County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,102 | $1,375 | $1,567 | $1,820 | $1,182 |
| 1 adult 4 children | $1,102 | $1,123 | $1,203 | $1,820 | $1,298 |
| 2 adults 3 children | $1,102 | $1,124 | $1,358 | $1,820 | $988 |
| 1 adult 3 children | $1,102 | $917 | $993 | $1,820 | $1,081 |
| 2 adults 2 children | $897 | $920 | $1,148 | $1,576 | $871 |
| 1 adult 2 children | $897 | $687 | $784 | $1,576 | $829 |
| 2 adults 1 child | $897 | $727 | $938 | $782 | $746 |
| 1 adult 1 child | $897 | $470 | $574 | $782 | $637 |
| 2 adults | $687 | $584 | $728 | $0 | $578 |
| 1 adult | $600 | $319 | $364 | $0 | $480 |
Safety trends & Data
Armstrong County, Pennsylvania, shows fluctuating property crime trends over the past five years, with larceny-theft peaking at 208.00 instances in 2018 and significant variability thereafter. Burglary incidents dropped dramatically from 40.00 in 2018 to just 5.00 in 2021, before slightly increasing in 2022. Vandalism, although decreasing from 45.00 in 2019 to 14.00 in 2021, saw a slight uptick to 26.00 in 2022. These crime trends could potentially impact property values and insurance premiums,... Read more
Property Crime Trends in Armstrong County, PA Over the Last 5 Years
Over the past 5 years, Armstrong County, Pennsylvania has experienced fluctuating trends in property crimes. Larceny-theft consistently dominates the crime statistics, peaking at 208.00 instances in 2018 and showing significant variability thereafter. Interestingly, instances of burglary have seen a notable reduction from 40.00 in 2018 to just 5.00 in 2021, before slightly increasing again in 2022. Vandalism remains a persistent issue, although the numbers suggest a decrease from 45.00 in 2019 to 14.00 in 2021, with a slight uptick to 26.00 in 2022. These patterns could be crucial for real estate investors and appraisers in understanding the ebb and flow of property-related crime in the region, potentially affecting property values and insurance premiums.
Demographics
Armstrong County, Pennsylvania presents a nearly balanced adult population split between males and females. The region's educational attainment highlights a significant portion of the population graduating high school, with a noticeable drop-off at higher education levels; Bachelor's and Graduate degrees are less common. Age distribution appears weighted towards older demographics, particularly those between 55 and 74 years. Racial composition shows a predominantly White population, with... Read more
Race Distribution in Armstrong County, Pennsylvania (2022)
Educational Attainment in Armstrong County, Pennsylvania (2022)
Age Distribution in Armstrong County, Pennsylvania
Citizen Population in Armstrong County, Pennsylvania (2022)
Political Trends & Data
Armstrong County, Pennsylvania, showcases a strong Republican tilt, with around 75% of votes cast for the GOP in the 2020 U.S. Presidential Election. Democrats captured roughly 23%, and Libertarians got close to 1%. This voting pattern might suggest a politically conservative climate, which could influence community priorities and local government policies—key factors that can indirectly impact the local real estate market, particularly when it comes to zoning laws, property taxes, and public... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Armstrong County, Pennsylvania, the 2020 U.S. Presidential Election leaned heavily Republican, with an estimated 75% of votes. Democrats garnered about 23%, while Libertarians secured close to 1%. The data shows minimal to no support for Green or other parties, highlighting a predominantly two-party voter base with a strong Republican preference in this region.
75.58% of voters voted for the Republican party in the 2020 Presidential Election
23.25% of voters voted for the Democrat party in the 2020 Presidential Election
1.17% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Armstrong County, Pennsylvania's student-to-teacher ratio has steadily declined from 14 in 2014 to around 13 in 2023. This gradual reduction suggests improved educational support, as lower ratios typically enable more individualized attention for students. Given that the current ratio is now slightly below the national average, this trend may interest investors, relocating families, real estate agents, and education sector professionals focusing on property development and school quality in the... Read more
Student-to-teacher ratio in Armstrong County, Pennsylvania over the last 10 years
Armstrong County, Pennsylvania has seen a generally declining trend in the student-to-teacher ratio over the past decade, moving from 14 in 2014 to nearly 13 as of 2023. This drop is significant as lower ratios often imply more personalized attention for students, which can lead to better educational outcomes. The current ratio of approximately 13 students per teacher is now slightly below the national average of 14, indicating potentially stronger educational support in the area. This could be appealing to investors, families considering a move, real estate agents, and those in the education sector looking at property development or school quality in the region.
