Bucks County Real Estate and Livability Trends
Bucks County, Pennsylvania has experienced a notable rise in median home values, from $308,800 in 2015 to $395,800 in 2022, surpassing state and national growth. Increased real estate taxes, hitting $8,597.17 in 2021, and a strong preference for principal residence mortgages over investment properties highlight the area's appeal for long-term living. Declines in property crimes and low poverty... Read more
Bucks County Market Trends
Bucks County, Pennsylvania has seen a significant surge in median home values from $308,800 in 2015 to $395,800 in 2022, outpacing both state and national increases. Fluctuating residential energy tax credits, peaking dramatically at approximately $3,251.90 in 2018, suggest a dynamic market for energy-efficient home upgrades. Real estate taxes have also climbed steadily, reaching $8,597.17 by... Read more
Median Value of Occupied Housing Units in Bucks County, Pennsylvania Over the Last 8 Years
Over the past eight years, Bucks County, Pennsylvania has seen a consistent rise in median home values from $308,800 in 2015 to $395,800 in 2022. This growth appears to outpace the state of Pennsylvania, which climbed from $166,000 to $226,200, and the national median, which increased from $125,500 to $179,400 in the same period. This suggests that Bucks County could be a more desirable or high-demand area, which might interest investors and potential homebuyers looking for promising property investment opportunities in the region.
Residential Energy Tax Credit Per Tax Return in Bucks County, PA Over the Last 9 Years
Over the past nine years, residential energy tax credits in Bucks County, Pennsylvania have exhibited significant fluctuations. Starting around $419.56 per tax return in 2013, the value showed relatively stable increases until 2017, which saw a notable spike to approximately $690.09. In 2018, a dramatic jump occurred with tax credits soaring to around $3,251.90, likely reflecting heightened incentives for energy-efficient home improvements. Following this peak, values stabilized around $1,028.30 in 2019, with a steady trend hovering close to $740.25 in 2020 and $983.26 in 2021. This variability suggests a growing but somewhat unpredictable market for energy-efficient upgrades, making it a dynamic area for investors, property developers, and insurance agents to watch closely.
Average Real Estate Taxes Per Tax Return in Bucks County, PA Over the Last 10 Years
Over the past decade, Bucks County, Pennsylvania has seen a consistent rise in the average real estate taxes per tax return. Starting at $6,130.31 in 2012, these taxes have steadily increased to reach $8,597.17 by 2021. The most notable hike occurred between 2017 and 2018, where the taxes jumped from $6,833.58 to $8,023.70. This trend may be of interest to potential homeowners, investors, appraisers, and real estate professionals, as it suggests an escalating fiscal environment. This upward trajectory in real estate taxes could reflect local economic conditions, possibly influencing property market dynamics and long-term investment strategies.
Percentage of Farm Returns in Bucks County, PA Over the Last 10 Years
The percentage of farm tax returns in Bucks County, Pennsylvania, has shown minor fluctuations over the past decade, ranging from 0.15% to 0.17%. A slight downward trend emerged around 2017 and 2020, reflecting marginal shifts in the number of farm operations filing tax returns. Investors, developers, and potential residents might find this trend indicative of the county's shifting agricultural landscape, potentially suggesting changes in land use or economic priorities. While maintaining a consistent presence, the slight variations highlight the importance of monitoring local agricultural dynamics for informed decision-making.
Number of Mortgages by Occupancy Type in Bucks County, PA Over the Last 5 Years in Bucks County
The mortgage data for Bucks County, Pennsylvania, indicates a steady preference for principal residence mortgages over the past five years, with the highest numbers in 2021 reaching 55,111. Investment property mortgages have seen some fluctuation, peaking at 1,882 that same year, whereas second residence mortgages have remained relatively low, averaging around 250-330 annually. Shifts in occupancy type can signify broader economic trends and community development patterns. For investors and developers, rising investment property mortgages could imply increasing rental demand or property flipping opportunities. For real estate agents and insurance agents, higher principal residence purchases emphasize the area's desirability for long-term living, impacting market strategies and risk assessments accordingly. Appraisers should note these trends to gauge property values accurately, while prospective homeowners can better understand market attractiveness and stability.
Economic Outlook
Bucks County, Pennsylvania shows a steady increase in average taxable income per tax return, rising from $82,541.89 in 2013 to $127,478.81 in 2021, possibly signaling a growing economic prosperity attractive to investors and homeowners. State and local income taxes have also climbed, starting at $6,919.24 in 2012 and peaking at $15,181.69 in 2021, meaning potential residents need to plan for higher taxes. The average total tax liability per tax return increased from $15,835.86 in 2012 to... Read more
Average Taxable Income per Tax Return in Bucks County, PA over the last 9 years
Bucks County, Pennsylvania has seen a notable upward trend in average taxable income per tax return over the past nine years. From $82,541.89 in 2013 to $127,478.81 in 2021, the data suggests a steady increase in income levels with a significant jump between 2020 and 2021. This trend might indicate a growing economic prosperity in the region, making it an appealing area for investors, prospective homeowners, and real estate professionals. These figures could also potentially influence property values, tax assessments, and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Bucks County, PA Over the Last 10 Years
Bucks County, Pennsylvania has seen a notable rise in average state and local income taxes per tax return over the past decade. Starting at $6,919.24 in 2012, the figure steadily increased each year, peaking at $15,181.69 by 2021. This steady upward trend could influence potential investors and residents to factor higher taxes into their financial planning. Appraisers and insurance agents might also find this trend valuable for assessing property costs and risks. The significant jump between 2017 and 2018—for instance, from $8,664.59 to $11,320.03—could reflect policy changes or economic shifts that merit closer examination.
Average Total Tax Liability Per Tax Return in Bucks County, PA Over the Last 10 Years
In Bucks County, Pennsylvania, the average total tax liability per tax return has seen a steady increase over the past decade, moving from approximately $15,835.86 in 2012 to about $26,028.56 in 2021. This upward trend might signal a growing local economy and rising incomes. However, the significant jump in 2021 could warrant further examination for potential financial, policy, or population changes impacting the tax landscape. For investors, real estate agents, and other stakeholders, these figures imply potential shifts in economic activity and could affect property values, insurance rates, and market dynamics.
Cost of Living in Bucks County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,915 | $1,641 | $1,570 | $2,597 | $1,979 |
| 1 adult 4 children | $1,915 | $1,340 | $1,205 | $2,597 | $2,123 |
| 2 adults 3 children | $1,915 | $1,340 | $1,360 | $2,597 | $1,737 |
| 1 adult 3 children | $1,915 | $1,094 | $995 | $2,597 | $1,894 |
| 2 adults 2 children | $1,573 | $1,097 | $1,150 | $2,250 | $1,411 |
| 1 adult 2 children | $1,573 | $820 | $785 | $2,250 | $1,481 |
| 2 adults 1 child | $1,573 | $867 | $940 | $1,122 | $1,092 |
| 1 adult 1 child | $1,573 | $560 | $575 | $1,122 | $1,041 |
| 2 adults | $1,304 | $697 | $730 | $0 | $813 |
| 1 adult | $1,157 | $380 | $365 | $0 | $674 |
Safety trends & Data
Bucks County, Pennsylvania's property crime landscape presents interesting trends over the past five years. Larceny-theft, despite being the highest category, saw a major drop from 1,361 incidents in 2018 to 711 in 2022, hinting at improved security or economic conditions. Burglary incidents were slashed from 108 to 49 over the same period, while fraud and embezzlement also declined, possibly due to better detection and prevention methods. Motor vehicle theft and vandalism followed similar... Read more
Property Crime Trends in Bucks County, PA Over the Last 5 Years
Bucks County, Pennsylvania has seen fluctuating property crime trends over the past five years, with notable decreases in certain categories. Larceny-theft, while consistently the highest, dropped significantly from 1,361 in 2018 to 711 in 2022, possibly indicating improved security measures or economic conditions. Burglary incidents have also seen a marked decrease, from 108 in 2018 to just 49 in 2022. Conversely, fraud and embezzlement, though initially high, notably dwindled to lower values, suggesting better detection and preventative measures in financial transactions. A similar trend follows for motor vehicle theft and vandalism, indicating effective local law enforcement strategies or community vigilance.
Demographics
Bucks County, Pennsylvania's demographic trends highlight a slight majority female population and a diverse educational background with a significant portion holding Bachelor's or higher degrees. The age distribution reveals a substantial number of older residents, particularly those aged 55 and over, suggesting an aging population. Racially, the county remains predominantly White, though there are notable minorities, including Black or African American and Asian communities, reflecting a... Read more
Race Distribution in Bucks County, Pennsylvania (2022)
Educational Attainment in Bucks County, Pennsylvania (2022)
Age Distribution in Bucks County, Pennsylvania
Citizen Population in Bucks County, Pennsylvania (2022)
Political Trends & Data
Bucks County, Pennsylvania, presents a fascinatingly competitive political landscape, with around 51.7% of voters leaning Democratic and 47.3% favoring Republican candidates in the 2020 Presidential Election. Libertarian and other minor parties barely register, each just over 1%, which could indicate broader statewide or national voting trends and a potentially divided electorate. This environment of near-parity between the two major parties might also reflect or influence local real estate,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bucks County, Pennsylvania, might reveal an intriguing political landscape, with approximately 47.3% leaning Republican and about 51.7% favoring Democratic candidates in the 2020 Presidential Election. Libertarian support barely registers at just over 1%, while other minor parties seem to barely make a dent. This could suggest a highly competitive political atmosphere, possibly reflecting broader statewide or national trends.
47.29% of voters voted for the Republican party in the 2020 Presidential Election
51.66% of voters voted for the Democrat party in the 2020 Presidential Election
1.05% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Bucks County, Pennsylvania's student-to-teacher ratio has generally trended downward over the past decade, with the 2023 ratio at approximately 14, slightly below the national average. Smaller class sizes can be appealing for families, potentially driving up property values. For real estate agents, investors, appraisers, and insurance agents, these favorable educational metrics can signal less risky and more stable communities, making the area particularly... Read more
Student-to-teacher ratio in Bucks County, Pennsylvania over the last 10 years
The student-to-teacher ratio in Bucks County, Pennsylvania has seen some fluctuations over the past decade, generally trending downward. As of 2023, the ratio stands at around 14, just below the national average of 14 students per teacher, which might indicate smaller class sizes. This could be a draw for families considering a move to the area, as smaller class sizes often mean more individualized attention for students. For real estate agents and investors, such metrics are noteworthy since areas with favorable educational metrics can potentially drive property values up. Lower student-to-teacher ratios also interest appraisers and insurance agents as these communities could be considered less risky and more stable.
