Bedford County Real Estate and Livability Trends
Bedford County, Pennsylvania has seen median home values grow from $122,700 in 2015 to $165,200 by 2022, a slower growth compared to state and national trends, but still indicating potential stability in the housing market. The rise in property and income taxes, along with consistent median home value increases, points to economic progress, though affordability might become a concern. Trends like... Read more
Bedford County Market Trends
Median home values in Bedford County, Pennsylvania have shown a steady, albeit slower, growth compared to state and national trends, starting at $122,700 in 2015 and reaching $165,200 by 2022. Real estate taxes have seen a notable increase over the last ten years, peaking at around $3,641.67 in 2020, providing insight into potential affordability challenges. The adoption of energy-efficient home... Read more
Median Value of Occupied Housing Units in Bedford County, Pennsylvania Over the Last 8 Years
Over the past eight years, median home values in Bedford County, Pennsylvania have shown consistent growth, starting at $122,700 in 2015 and reaching $165,200 by 2022. This increase is relatively modest compared to the statewide trend in Pennsylvania, where median home values escalated from $166,000 to $226,200 during the same period. Nationally, home values also rose significantly from $125,500 in 2015 to $179,400 in 2022. The slower appreciation in Bedford County might present opportunities for those looking to invest in more affordable housing markets within the state.
Residential Energy Tax Credit Per Tax Return in Bedford County, PA Over the Last 9 Years
Over the past nine years, Bedford County, Pennsylvania has seen significant fluctuation in average residential energy tax credits per tax return, peaking at $3,275.00 in 2018 and showing an overall upward trend. This growth suggests increased adoption of energy-efficient home upgrades, which could make the area more attractive for investors and homeowners interested in sustainable living. Real estate professionals and appraisers might find this data valuable when assessing property values, while insurers might consider these improvements as risk reducers, potentially leading to premium adjustments.
Average Real Estate Taxes Per Tax Return in Bedford County, PA Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Bedford County, Pennsylvania have shown a notable upward trajectory, from a low of approximately $1,825.66 in 2012, peaking at around $3,641.67 in 2020, before slightly dropping to about $3,371.43 in 2021. This trend is potentially significant for investors, homebuyers, and real estate professionals, as rising taxes could impact property valuation and affordability. It also suggests an evolving financial landscape in Bedford County, likely influencing local governmental budgeting and resource allocation.
Percentage of Farm Returns in Bedford County, PA Over the Last 10 Years
Farm tax returns in Bedford County, Pennsylvania have shown minor fluctuations over the past decade, hovering around 3.78% to 3.88%. These returns represent the percentage of total tax returns filed by farmers, providing a snapshot into the agricultural presence and economic health of the farming community. Investors and residents might take note of this stability as it suggests a consistent agricultural base, hinting at potential reliability in rural property development or agribusiness ventures. While the year-to-year changes are marginal, the consistency could be seen as an indicator of a relatively steady farming environment.
Number of Mortgages by Occupancy Type in Bedford County, PA Over the Last 5 Years in Bedford County
Mortgages for principal residences in Bedford County, Pennsylvania, have noticeably outpaced those for investment and second residences over the last five years. There's a clear dominance of mortgages for principal residences, peaking in 2021. This trend might reflect a stable demand for primary housing, which could drive appreciation in residential property values and affect rental markets. For investors or insurance agents, understanding these shifts can be crucial for making informed decisions about property investments and risk assessments. Regulatory changes or economic factors driving people to prioritize primary homeownership over secondary properties or investments could create opportunities or restrictions in market activities.
Economic Outlook
Bedford County, Pennsylvania has exhibited a notable rise in average taxable income per tax return, growing from $43,250.09 in 2013 to $59,015.69 by 2021, signaling potential economic stability and market growth. On the flip side, average state and local income taxes have also surged, moving from $4,257.53 in 2012 to $9,141.67 in 2021, perhaps reflecting either growing fiscal pressures or economic advancements. Average total tax liability has similarly climbed from approximately $5,448.41 in... Read more
Average Taxable Income per Tax Return in Bedford County, PA over the last 9 years
Average taxable income per tax return in Bedford County, Pennsylvania has shown a consistent upward trend over the last nine years. Starting at $43,250.09 in 2013, it has gradually increased, reaching $59,015.69 by 2021. This indicates a steady growth in income levels, which might be of interest to real estate agents, appraisers, and investors who are watching the area for economic stability and potential market growth. For those considering moving to or investing in Bedford County, this increase in average taxable income could signify a stronger, more resilient local economy.
Average State and Local Income Taxes Per Tax Return in Bedford County, PA Over the Last 10 Years
Bedford County, Pennsylvania, has seen a notable upward trend in average state and local income taxes per tax return from $4,257.53 in 2012 to $9,141.67 in 2021. This steep increase, particularly sharp between 2017 and 2019, suggests a growing tax burden on residents, which potential investors, property builders, and real estate agents might interpret as both a sign of economic growth or an increased cost challenge. For appraisers and insurance agents, this trajectory could imply more affluent incoming populations or escalating property values, facets crucial for financial risk assessments and property pricing. Living in Bedford County might mean preparing for higher tax liabilities over time.
Average Total Tax Liability Per Tax Return in Bedford County, PA Over the Last 10 Years
Over the past decade, Bedford County, Pennsylvania has seen a steady increase in the average total tax liability per tax return, climbing from approximately $5,448.41 in 2012 to about $7,921.15 in 2021. Notably, there was a significant rise from 2020 to 2021, suggesting changing economic or legislative factors impacting residents. Potential investors, property developers, and real estate professionals might find these trends indicative of shifting economic conditions, possibly affecting property values and investment viability. The data also provides useful context for insurance agents and appraisers in understanding local market dynamics and fiscal pressures on residents.
Cost of Living in Bedford County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,056 | $1,476 | $1,356 | $1,301 | $997 |
| 1 adult 4 children | $1,056 | $1,205 | $1,031 | $1,301 | $1,081 |
| 2 adults 3 children | $1,056 | $1,206 | $1,180 | $1,301 | $824 |
| 1 adult 3 children | $1,056 | $984 | $854 | $1,301 | $872 |
| 2 adults 2 children | $821 | $987 | $1,004 | $1,127 | $744 |
| 1 adult 2 children | $821 | $737 | $678 | $1,127 | $662 |
| 2 adults 1 child | $821 | $780 | $828 | $564 | $676 |
| 1 adult 1 child | $821 | $504 | $502 | $564 | $570 |
| 2 adults | $639 | $627 | $651 | $0 | $573 |
| 1 adult | $635 | $342 | $326 | $0 | $502 |
Safety trends & Data
Bedford County, Pennsylvania has seen fluctuating trends in property crimes over the past five years, with larceny-theft peaking at 98.00 cases in 2018 and varying afterwards. Burglary saw a sharp spike to 20.00 cases in 2019, a decline to 2.00 in 2020, and rose again, indicating instability. Motor vehicle theft has also trended upwards, particularly with 10.00 incidents reported in 2022. These variable crime trends are crucial for potential investors, real estate agents, and residents to... Read more
Property Crime Trends in Bedford County, PA Over the Last 5 Years
Over the past five years, Bedford County, Pennsylvania has experienced fluctuating trends in property crimes. Larceny-theft consistently accounted for the highest number of incidents, peaking at 98.00 cases in 2018 and showing variability thereafter. Burglary saw a significant spike in 2019 at 20.00 cases, declined sharply to 2.00 in 2020, and then rose again, indicating some instability in this type of crime. Motor vehicle theft also showed an upward trend, particularly in 2022 with 10.00 reported incidents. Overall, the data suggests notable but inconsistent shifts in various property crimes, making it vital for potential investors, property developers, real estate agents, and residents to stay informed about these patterns for better risk assessment and decision-making.
Demographics
Bedford County, Pennsylvania shows a nearly balanced gender distribution with a slight female majority. Educational attainment reflects a population where a significant number of adults, roughly 38%, hold a high school diploma as their highest achievement. Age distribution suggests an aging population, particularly notable in the 55-64 age bracket. The racial makeup, predominantly White, hints at limited racial diversity. This demographic profile is essential for understanding community needs,... Read more
Race Distribution in Bedford County, Pennsylvania (2022)
Educational Attainment in Bedford County, Pennsylvania (2022)
Age Distribution in Bedford County, Pennsylvania
Citizen Population in Bedford County, Pennsylvania (2022)
Political Trends & Data
Bedford County, Pennsylvania, displayed a pronounced Republican preference in the 2020 U.S. Presidential Election, with roughly 83.5% of the votes. The Democratic party trailed significantly at around 15.8%, and the Libertarian party captured a minor share near 0.7%. This political orientation could hint at a considerable Republican influence, which might affect local and state-level political decisions and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bedford County, Pennsylvania, saw a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with approximately 83.5% of the vote. The Democratic party garnered around 15.8%, while the Libertarian party received a small fraction at about 0.7%. This trend could indicate a strong Republican stronghold in the county, potentially influencing local and state political dynamics.
83.50% of voters voted for the Republican party in the 2020 Presidential Election
15.84% of voters voted for the Democrat party in the 2020 Presidential Election
0.66% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Bedford County, Pennsylvania has seen a decline in the student-to-teacher ratio over the last decade, dropping from about 14 students per teacher in 2014 to just over 12 in 2023. This decrease may attract families who value smaller class sizes for their children, suggesting a potentially stronger educational environment. This aspect could be a key selling point for real estate agents, while appraisers and insurance agents might also find this trend useful when evaluating the community’s... Read more
Student-to-teacher ratio in Bedford County, Pennsylvania over the last 10 years
Bedford County, Pennsylvania has experienced a generally decreasing student-to-teacher ratio over the last decade, dropping from around 14 students per teacher in 2014 to slightly over 12 in 2023. This trend suggests smaller class sizes, which could appeal to families prioritizing individualized attention for their children. For real estate agents and those seeking to invest or build in the area, this lower ratio might be a selling point, indicating a potentially more robust educational environment compared to the national average of 14 students per teacher. Appraisers and insurance agents might also find this data relevant for assessing community desirability.
