Bradford County Real Estate and Livability Trends
Bradford County, Pennsylvania's average taxable income per tax return peaked at approximately $64,601.75 in 2021, accompanied by a sharp rise in average state and local income taxes to $12,019.40. The median home values climbed from $135,900 in 2015 to $169,700 in 2022, highlighting slower growth but offering potentially more affordable options. Educational dynamics show a favorable... Read more
Bradford County Market Trends
Bradford County, Pennsylvania's median home values have shown a more modest growth pattern compared to state and national trends, rising from $135,900 in 2015 to $169,700 in 2022. This slower growth may offer more affordable options for home buyers and investors. Meanwhile, average residential energy tax credits have fluctuated significantly, peaking at $2,400.00 in 2018, which could indicate... Read more
Median Value of Occupied Housing Units in Bradford County, Pennsylvania Over the Last 8 Years
Over the past eight years, Bradford County, Pennsylvania's median home values have generally trailed both state and national trends, though the gap has narrowed recently. For instance, Bradford County's median value rose from $135,900 in 2015 to $169,700 in 2022. In comparison, Pennsylvania's state median jumped from $166,000 to $226,200, and the national median surged from $125,500 to $179,400 during the same period. This suggests a more modest growth in Bradford County, potentially offering more affordable options for investors and home buyers relative to broader trends.
Residential Energy Tax Credit Per Tax Return in Bradford County, PA Over the Last 9 Years
In Bradford County, Pennsylvania, over the last nine years, the average residential energy tax credit per tax return has shown noticeable fluctuations. Starting from $434.34 in 2013, it peaked dramatically at $2,400.00 in 2018, suggesting a significant uptake in energy-efficient investments. However, post-2018, there's been some decline with a somewhat stable trend visible with $914.29 in 2021. These variations could be indicative of evolving local policies, economic conditions, or growing awareness and incentivization around energy efficiency. For potential investors or property developers, this trend hints at active community interest in sustainable living solutions, potentially making energy-efficient properties more appealing in this locale.
Average Real Estate Taxes Per Tax Return in Bradford County, PA Over the Last 10 Years
Over the past decade, Bradford County, Pennsylvania has seen a steady increase in average real estate taxes per tax return, beginning at roughly $3,201.67 in 2012 and peaking at $5,051.47 in 2020 before slightly dipping to $4,769.57 in 2021. This upward trend indicates rising property taxes, influencing investment attractiveness, property values, and potential relocation decisions. Such shifts are crucial for investors, prospective homeowners, appraisers, and real estate agents to consider when evaluating the county's market dynamics.
Percentage of Farm Returns in Bradford County, PA Over the Last 10 Years
Over the last decade, Bradford County, Pennsylvania has seen its percentage of farm tax returns experience some fluctuation, peaking at 3.86% in 2014 before seeing a downward trend to roughly 3.44% by 2021. Farm tax returns typically reflect the filing of income generated from agricultural activities, and these minor variances can suggest shifts in economic viability, climate conditions, or possibly the adaptation of modern farming practices in the region. For those looking to invest in or move to the area, this could imply a gradual reduction in agricultural activity, impacting local economies, land use, and property values. Understanding these patterns could be crucial for making informed decisions on investing in farmland, engaging in agricultural business, or considering rural development projects.
Number of Mortgages by Occupancy Type in Bradford County, PA Over the Last 5 Years in Bradford County
Bradford County, Pennsylvania shows a diverse trend in mortgage counts over the last five years, with principal residences consistently dominating the market. The data indicates a stable to increasing demand for principal residences with notable peaks in 2020 and 2021. Investment properties experienced slight fluctuations, while second residences remained a smaller yet relatively stable segment. Changes in occupancy types could matter greatly for investors or real estate agents as they illustrate shifts in housing demand and investment opportunities. Insurance agents and appraisers also benefit from understanding these patterns, as they can impact risk assessments and property valuations. For those moving or building in Bradford County, recognizing these trends provides better insight into the evolving housing landscape and potential future market conditions.
Economic Outlook
Bradford County, Pennsylvania's average taxable income per tax return has exhibited significant fluctuations over the past decade, peaking at approximately $64,601.75 in 2021. This period has also seen average state and local income taxes climb sharply to $12,019.40, alongside a notable peak in total tax liability at $9,590.24. These changes hint at shifting economic landscapes or demographic patterns, making it a critical time for investors, real estate agents, and potential movers to keep an... Read more
Average Taxable Income per Tax Return in Bradford County, PA over the last 9 years
Over the last nine years, Bradford County, Pennsylvania has exhibited fluctuating trends in average taxable income per tax return, with notable highs and lows. In 2013, the average was roughly $52,076.85, climbing to $55,539.01 in 2014 before experiencing a dip in subsequent years. A significant rise took place between 2018 and 2021, with a peak average of approximately $64,601.75 in 2021. This increase could potentially indicate an improved economic landscape or shifts in demographic or employment patterns, making it an interesting period for potential investors, real estate agents, and those considering relocation to observe carefully.
Average State and Local Income Taxes Per Tax Return in Bradford County, PA Over the Last 10 Years
Over the past decade, Bradford County, Pennsylvania has seen significant fluctuations in average state and local income taxes per tax return. After a relatively stable period from 2012 to 2017, there has been a noticeable increase starting in 2018, peaking sharply in 2021 at $12,019.40. This upward trend may signal economic changes or adjusted tax policies that could influence investment decisions and living costs for residents.
Average Total Tax Liability Per Tax Return in Bradford County, PA Over the Last 10 Years
The average total tax liability per tax return in Bradford County, Pennsylvania, has exhibited significant fluctuations over the past decade, with a notable peak in 2021 at $9,590.24 and a previous high in 2014 at $9,265.14. These variations could suggest economic changes impacting residents' income levels or shifts in tax policies. For those considering investments, moving to the area, or assessing property values, these numbers hint at underlying economic dynamics that might influence future financial planning. Real estate agents, appraisers, and insurance agents should consider these trends when advising clients or calculating premiums and property values.
Cost of Living in Bradford County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,111 | $1,399 | $1,655 | $1,504 | $1,132 |
| 1 adult 4 children | $1,111 | $1,143 | $1,262 | $1,504 | $1,224 |
| 2 adults 3 children | $1,111 | $1,143 | $1,438 | $1,504 | $936 |
| 1 adult 3 children | $1,111 | $933 | $1,045 | $1,504 | $1,005 |
| 2 adults 2 children | $872 | $936 | $1,221 | $1,307 | $829 |
| 1 adult 2 children | $872 | $699 | $828 | $1,307 | $779 |
| 2 adults 1 child | $872 | $740 | $1,004 | $666 | $752 |
| 1 adult 1 child | $872 | $478 | $611 | $666 | $620 |
| 2 adults | $734 | $594 | $787 | $0 | $616 |
| 1 adult | $729 | $324 | $394 | $0 | $534 |
Safety trends & Data
Property crime trends in Bradford County, Pennsylvania over the last five years have seen significant changes. Burglary incidents peaked at 41 in 2019 but fell to 17 by 2022, while larceny-theft cases dropped sharply from 182 in 2018 to 70 in 2022. However, vandalism has fluctuated and stayed high, hinting at ongoing challenges. This mix of improving and persistent crime issues could be vital for potential investors, real estate agents, and local residents when evaluating the area's market... Read more
Property Crime Trends in Bradford County, PA Over the Last 5 Years
Property crime trends in Bradford County, Pennsylvania over the last five years show a noticeable decline in certain categories. Burglary incidents peaked in 2019 at 41 but dropped significantly to 17 by 2022. Larceny-theft cases also saw a sharp decline from 182 in 2018 to just 70 in 2022. On the other hand, vandalism has fluctuated but remained relatively high, suggesting it's a persistent issue. These trends might indicate improvements in some areas of crime prevention while highlighting ongoing challenges in others, crucial for potential investors, real estate agents, and local residents to consider.
Demographics
Bradford County, Pennsylvania displays a relatively balanced gender demographic with males and females nearly equal in number. Educational attainment skews heavily towards high school graduates and those with some college education but no degree, suggesting potential for economic programs focused on higher education incentives. Age distribution highlights a significant proportion of the population in the 55 to 64 and Under 10 brackets, possibly indicating a community with both a strong elder... Read more
Race Distribution in Bradford County, Pennsylvania (2022)
Educational Attainment in Bradford County, Pennsylvania (2022)
Age Distribution in Bradford County, Pennsylvania
Citizen Population in Bradford County, Pennsylvania (2022)
Political Trends & Data
Bradford County, Pennsylvania leaned heavily Republican in the 2020 Presidential Election, with approximately 71.6% of the vote potentially backing the GOP. The Democratic Party lagged significantly at around 26.7%, while third-party candidates barely scraped 1.7%. This conservative slant may shape future electoral strategies and policy focuses, indicating a strong preference for right-leaning initiatives and candidates in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bradford County in Pennsylvania leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 71.6% of the vote potentially going to the GOP. The Democratic Party may have secured around 26.7%, trailing significantly behind. Third-party candidates, including Libertarians, garnered a minimal share, roughly 1.7%. This trend suggests a strong conservative preference in the area, which could impact future electoral strategies and policy focus.
71.62% of voters voted for the Republican party in the 2020 Presidential Election
26.68% of voters voted for the Democrat party in the 2020 Presidential Election
1.70% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Bradford County, Pennsylvania, the student-to-teacher ratio has mostly stayed below the national average of 14 over the past decade, except for a brief spike to around 14.4 in 2017. Lately, it's declined to 13.06 in 2023. This trend could draw families seeking better educational experiences for their children, as lower ratios often imply more personalized attention. For real estate agents and appraisers, this data might serve as a selling point, suggesting an educational advantage that could... Read more
Student-to-teacher ratio in Bradford County, Pennsylvania over the last 10 years
The student-to-teacher ratio in Bradford County, Pennsylvania has generally remained below the national average of 14 over the last ten years but has shown some fluctuations. Though it hit a peak of around 14.4 in 2017, it has mostly declined, reaching a low of 13.06 in 2023. These trends could be relevant for potential residents and investors, as lower student-to-teacher ratios might suggest more personalized attention for students, which can be a compelling factor for families considering relocation. For real estate agents and appraisers, these figures could be leveraged to highlight potential educational advantages in the area. Insurance agents and those looking to develop property might also interpret these ratios as indicative of a stable or improving educational environment, which adds to the overall appeal of the region.
