Beaver County Real Estate and Livability Trends
Beaver County, Pennsylvania, has experienced notable economic growth with average taxable incomes rising from $50,888.08 in 2013 to $68,617.49 in 2021. This economic upswing, accompanied by increasing state and local income taxes, suggests that the area might be more attractive to investors and homebuyers. Median home values have also risen steadily from $120,100 in 2015 to $170,900 in 2022,... Read more
Beaver County Market Trends
Beaver County, Pennsylvania has seen its median home values rise steadily from $120,100 in 2015 to $170,900 in 2022, still falling short of the state median of $226,200 and the national figure of $179,400 during the same period. This area remains attractive for investors seeking affordable yet appreciating properties. The county also witnessed a dramatic increase in residential energy tax... Read more
Median Value of Occupied Housing Units in Beaver County, Pennsylvania Over the Last 8 Years
Beaver County, Pennsylvania has seen a steady increase in median home values over the past eight years, rising from $120,100 in 2015 to $170,900 in 2022. This local growth trend, while significant, remains below the broader Pennsylvania state median, which reached $226,200 in 2022. Nationally, the median home value grew from $125,500 in 2015 to $179,400 in 2022, suggesting that Beaver County offers relatively affordable housing options compared to both state and national levels. This could be interesting for investors or prospective homebuyers aiming for lower entry points with good appreciation potential.
Residential Energy Tax Credit Per Tax Return in Beaver County, PA Over the Last 9 Years
The average residential energy tax credit per tax return in Beaver County, Pennsylvania has seen notable fluctuations over the last nine years. Starting around $302.19 in 2013, it remained relatively stable until a significant spike in 2017 with an average of $579.31. The most dramatic increase occurred in 2018, with a staggering jump to $2,166.67, followed by a drop but still high average values in subsequent years, peaking again at $1,210.37 in 2021. This volatility may suggest periods of rising property improvements or changing energy policies, making it a key detail for potential investors, builders, and real estate professionals to consider when evaluating the county's market dynamics.
Average Real Estate Taxes Per Tax Return in Beaver County, PA Over the Last 10 Years
Over the past decade, Beaver County, Pennsylvania has experienced a steady rise in average real estate taxes per tax return. Starting at approximately $3,443.39 in 2012, the taxes increased in a gradual manner to about $5,558.82 by 2021. Notably, the most substantial hike occurred between 2017 and 2018, where average taxes jumped from roughly $4,167.81 to $5,194.33. These trends suggest a potential increase in property values or adjustments in tax rates, making it crucial for investors, real estate agents, and potential homeowners to consider these changes when evaluating the cost of property ownership in the area.
Percentage of Farm Returns in Beaver County, PA Over the Last 10 Years
The percentage of farm tax returns in Beaver County, Pennsylvania has shown a slight downward trend over the past ten years, dipping from around 0.46% in 2012 to roughly 0.43% in 2021. Farm tax returns are filings made by agricultural businesses to report their revenues, expenses, and any related deductions or credits. This subtle decline might suggest a decrease in active farming operations or shifts in the local agricultural economy, which could impact land use trends, property development, and investment opportunities in the area. Those interested in this region should consider how these changes may affect future property value and community dynamics.
Number of Mortgages by Occupancy Type in Beaver County, PA Over the Last 5 Years in Beaver County
Mortgages for principal residences in Beaver County, Pennsylvania have shown significant fluctuations over the past five years, peaking at 10,611 in 2021 before dropping to 7,039 in 2022. Investment property mortgages have remained relatively stable, while second residences have consistently low numbers, suggesting a strong inclination toward owner-occupied properties. Changes in occupancy types could impact market dynamics and neighborhood stability. For investors and real estate professionals, understanding these trends informs decisions on where to allocate resources and assess market viability. Appraisers and insurance agents can also better gauge property values and risk profiles in the area.
Economic Outlook
Beaver County, Pennsylvania, has experienced a steady rise in average taxable income per tax return, climbing from $50,888.08 in 2013 to $68,617.49 in 2021. This suggests an economic upswing that could be attracting investors and homebuyers. Additionally, state and local income taxes per tax return have increased substantially, from around $4,772.58 in 2012 to approximately $8,926.12 in 2021, indicating potential changes in income or tax rates. The total tax liability per tax return also rose,... Read more
Average Taxable Income per Tax Return in Beaver County, PA over the last 9 years
Beaver County, Pennsylvania, has shown a steady increase in the average taxable income per tax return over the past nine years, growing from $50,888.08 in 2013 to $68,617.49 in 2021. This upward trend may signal economic growth and rising resident earnings, which could make the area more attractive to potential investors and homebuyers. Real estate professionals and property developers might find this growth indicative of a robust market, while appraisers and insurance agents could see shifts in property valuations and coverage needs. Generally, this data suggests an evolving economic landscape in Beaver County that could impact various financial and property-related decisions.
Average State and Local Income Taxes Per Tax Return in Beaver County, PA Over the Last 10 Years
Over the past decade, Beaver County, Pennsylvania has seen a substantial increase in average state and local income taxes per tax return, rising from approximately $4,772.58 in 2012 to around $8,926.12 in 2021. Notable spikes occurred in 2018 and 2020, suggesting significant local economic changes or policy adjustments during these years. This trend may signal rising incomes or tax rate changes, factors worth considering for potential investors, property developers, and current residents planning their financial strategies.
Average Total Tax Liability Per Tax Return in Beaver County, PA Over the Last 10 Years
Beaver County, Pennsylvania has seen a notable rise in the average total tax liability per tax return over the past decade. Starting from approximately $7,540.38 in 2012, there has been a progressive increase, peaking at $9,917.81 in 2021. This upward trend may reflect broader economic changes, impacting how much residents are paying in taxes, potentially influenced by local policies, economic growth, or changes in income levels. Investors, real estate agents, and those looking to move to the area should consider these tax implications as they could affect overall living expenses and investment returns.
Cost of Living in Beaver County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,512 | $1,407 | $1,851 | $1,241 |
| 1 adult 4 children | $1,174 | $1,235 | $1,079 | $1,851 | $1,342 |
| 2 adults 3 children | $1,174 | $1,235 | $1,219 | $1,851 | $1,021 |
| 1 adult 3 children | $1,174 | $1,008 | $892 | $1,851 | $1,122 |
| 2 adults 2 children | $923 | $1,011 | $1,031 | $1,614 | $883 |
| 1 adult 2 children | $923 | $755 | $704 | $1,614 | $865 |
| 2 adults 1 child | $923 | $799 | $844 | $846 | $778 |
| 1 adult 1 child | $923 | $516 | $516 | $846 | $666 |
| 2 adults | $766 | $642 | $656 | $0 | $610 |
| 1 adult | $730 | $350 | $328 | $0 | $511 |
Safety trends & Data
Property crime in Beaver County, Pennsylvania, has been declining over the past five years, with larceny-theft cases dropping from 480.00 in 2018 to 166.00 in 2022. This significant decrease might suggest better security measures or economic improvements. Consistently low embezzlement and arson rates, along with a general decline in vandalism despite some fluctuations, indicate strong community vigilance and effective law enforcement. Lower crime rates can be attractive to investors, insurance... Read more
Property Crime Trends in Beaver County, PA Over the Last 5 Years
Over the past five years, property crime in Beaver County, Pennsylvania, has shown a declining trend. Larceny-Theft significantly decreased from 480.00 cases in 2018 to 166.00 cases in 2022, which could indicate improved security measures or economic stabilizations. Embezzlement and Arson cases remained relatively minimal, suggesting consistent containment in these crime types. Interestingly, Vandalism saw fluctuations but decreased overall, highlighting potential improvements in community vigilance and law enforcement effectiveness. These observations matter for investors, insurance agents, and real estate agents as they often correlate lower crime rates with higher property values and community appeal.
Demographics
Beaver County, Pennsylvania's adult population is almost evenly split between males and females, but there's a slight tilt towards females. Educational attainment shows that a large portion of the population are high school graduates, while bachelor's and graduate degree holders are pretty significant too. Age distribution reveals a large number of residents aged 55 to 64, indicating perhaps an aging population. Looking at race, the county is predominantly White, with a smaller representation... Read more
Race Distribution in Beaver County, Pennsylvania (2022)
Educational Attainment in Beaver County, Pennsylvania (2022)
Age Distribution in Beaver County, Pennsylvania
Citizen Population in Beaver County, Pennsylvania (2022)
Political Trends & Data
In Beaver County, Pennsylvania, the 2020 U.S. Presidential Election reflected a generally conservative leaning with the Republican Party securing about 58% of the votes, while the Democratic Party saw around 41%. The Libertarian Party's minimal influence potentially registering just over 1% suggests limited but present alternative political support. This might underline a prevailing conservative preference, but also hints at some ideological... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Beaver County, Pennsylvania, the 2020 U.S. Presidential Election saw the Republican Party generally leading with around 58% of the votes, while the Democratic Party garnered approximately 41%. The Libertarian Party had a minor presence, potentially capturing just over 1% of the vote. The Green Party and other parties seemingly didn't make a noticeable impact. This pattern might highlight a predominantly conservative voting trend in this region, albeit with some support for alternative viewpoints.
58.18% of voters voted for the Republican party in the 2020 Presidential Election
40.50% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Beaver County, Pennsylvania has witnessed a decline in the student-to-teacher ratio from 15 in 2014 to around 14 in 2023, which could make the area more attractive to families focused on education. Smaller class sizes are often associated with enhanced educational environments, potentially driving up property values. Real estate agents might market this trend to prospective buyers seeking a quality educational experience for their children. This shift could also influence appraisers and... Read more
Student-to-teacher ratio in Beaver County, Pennsylvania over the last 10 years
Beaver County, Pennsylvania has seen a gradual decline in the student-to-teacher ratio over the past decade, dropping from 15 in 2014 to approximately 14 in 2023. This trend indicates that class sizes have been getting smaller, a factor that could affect various stakeholders in different ways. For investors and developers, smaller class sizes might make the area more attractive to families prioritizing education, potentially driving up property values. Real estate agents could leverage this trend to market homes to prospective buyers looking for a more personalized educational environment for their children. Appraisers and insurance agents might also consider these educational quality improvements when assessing property values and risk, respectively. With the current national average standing at 14 students per teacher, Beaver County's improvements bring its ratio below the national average, which could be seen as a positive indicator for educational quality.
