Cambria County Real Estate and Livability Trends
Cambria County, Pennsylvania has seen home values rise from $87,100 in 2015 to $110,900 in 2022, suggesting a steady growth trend, although local real estate taxes spiked to $4,908.26 in 2018, hinting at possible reassessment activities. The average taxable income has increased significantly, reaching about $59,794 in 2021, paralleling higher state and local income taxes and tax liabilities. An... Read more
Cambria County Market Trends
The median home value in Cambria County, Pennsylvania, has climbed from $87,100 in 2015 to $110,900 in 2022, suggesting a steady yet moderate increase compared to state and national figures. The average residential energy tax credit per tax return peaked sharply in 2018 at $2,271.43, indicating significant energy efficiency investments during that period, albeit with subsequent stabilization.... Read more
Median Value of Occupied Housing Units in Cambria County, Pennsylvania Over the Last 8 Years
The median home value in Cambria County, Pennsylvania, has shown a steady upward trend over the last eight years, increasing from $87,100 in 2015 to $110,900 in 2022. This growth, although more gradual than the state and national averages, indicates a consistent rise in property values that could appeal to potential investors and homebuyers looking for more affordable alternatives within Pennsylvania. Comparatively, the state median jumped from $166,000 to $226,200, and the national figure surged from $125,500 to $179,400 during the same period. Cambria County's relative affordability and its manageable growth in property values may offer a compelling opportunity for those seeking to build or move to a location with steady appreciation potential.
Residential Energy Tax Credit Per Tax Return in Cambria County, PA Over the Last 9 Years
In Cambria County, Pennsylvania, the average residential energy tax credit per tax return has shown a general upward trend over the past nine years, peaking dramatically in 2018 at $2,271.43. While values fluctuated year-to-year, significant increases in 2016 through 2018 suggest a period of heightened investment in energy efficiency measures. However, the subsequent dip to $640.00 in 2020 and recovery to $795.65 in 2021 might imply a stabilization post-2018 surge. This can be valuable insight for investors, real estate agents, and appraisers looking to understand homeowners' commitment to energy-efficient upgrades in the area.
Average Real Estate Taxes Per Tax Return in Cambria County, PA Over the Last 10 Years
Cambria County, Pennsylvania has experienced notable fluctuations in average real estate taxes per tax return over the past decade. Starting at approximately $2,992.85 in 2012, there's been a general upward trend with a significant spike in 2018 reaching $4,908.26. This sudden surge may reflect broad reassessment or local tax rate adjustments possibly driven by governmental fiscal needs. While taxes appeared to stabilize somewhat post-2018, they haven't returned to pre-2018 levels. This ongoing variability could impact decisions for investors, potential homeowners, and real estate professionals who need to anticipate future tax liabilities.
Percentage of Farm Returns in Cambria County, PA Over the Last 10 Years
In the last decade, the percentage of farm tax returns in Cambria County, Pennsylvania, showed slight fluctuations but ultimately followed a gentle downward trend from around 0.60% to approximately 0.56%. Farm tax returns serve as a critical indicator of agricultural activity and economic vitality within the county's farming sector. Though minor, the decrease may hint at underlying challenges or shifts in the local agricultural landscape. For prospective investors or those looking to integrate within the community, understanding these nuances is essential for gauging long-term viability and potential growth in the agricultural sector.
Number of Mortgages by Occupancy Type in Cambria County, PA Over the Last 5 Years in Cambria County
Cambria County, Pennsylvania has shown varying mortgage trends among different occupancy types over the past five years. Principal residences overwhelmingly dominate the mortgage counts, with a noticeable peak in 2021 at 5,051 loans, but declined slightly to 4,146 in 2022. Investment properties and second residences follow, showing a smaller volume with fluctuations, such as a rise in investment properties from 170 in 2018 to 239 in 2022. These shifts in occupancy types could suggest evolving residential priorities and economic conditions. For investors, a higher number of principal residence loans might indicate a stable, long-term market, whereas fluctuations in investment property loans could highlight emerging opportunities for rental markets. Appraisers and real estate agents can use this data to better understand market demand, while builders and insurance agents might gauge potential risks and opportunities within these trends.
Economic Outlook
Cambria County, Pennsylvania has shown a gradual increase in average taxable income per tax return, rising from around $46,056 in 2013 to about $59,794 by 2021. Meanwhile, average state and local income taxes jumped significantly, peaking at $10,231.46 in 2021. Tax liability followed a similar upward trend, ending at approximately $8,650.61 in 2021. However, the county grapples with fluctuating poverty rates, spiking to 16.0% in 2022, above the national average. This mixed economic picture... Read more
Average Taxable Income per Tax Return in Cambria County, PA over the last 9 years
Cambria County, Pennsylvania has seen a gradual yet notable increase in average taxable income per tax return over the past nine years. Starting from approximately $46,056 in 2013, there has been consistent growth, culminating in an average of about $59,794 by 2021. This upward trend may suggest improving economic conditions and potential for investment in the region. For those considering moving, building property, or engaging in real estate transactions, the apparent rise in income levels could indicate a more robust economic environment. Appraisers and insurance agents might also find this financial data valuable for assessing property values and risk profiles.
Average State and Local Income Taxes Per Tax Return in Cambria County, PA Over the Last 10 Years
Cambria County, Pennsylvania has seen notable fluctuations in average state and local income taxes per tax return over the last 10 years. After some relatively minor increases from $5,108.95 in 2012 to $5,796.94 in 2017, there was a significant spike to $9,360.00 in 2018, peaking at $10,231.46 in 2021. For investors, real estate agents, and those considering moving to Cambria County, this trend could imply shifts in income levels or changes in tax policies, affecting disposable income and potentially the local economy.
Average Total Tax Liability Per Tax Return in Cambria County, PA Over the Last 10 Years
Over the past decade, tax liability per return in Cambria County, Pennsylvania, has generally increased, with notable fluctuations. Starting from approximately $6,948.91 in 2012, it saw consistent growth hitting around $7,878.69 in 2017, even though 2018 experienced a dip to roughly $7,347.17. By 2021, there was a significant climb to approximately $8,650.61. These trends may influence financial planning for new residents and investors, while also affecting property assessments and insurance premiums.
Cost of Living in Cambria County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,055 | $1,452 | $1,567 | $1,504 | $1,056 |
| 1 adult 4 children | $1,055 | $1,186 | $1,203 | $1,504 | $1,136 |
| 2 adults 3 children | $1,055 | $1,186 | $1,358 | $1,504 | $864 |
| 1 adult 3 children | $1,055 | $968 | $993 | $1,504 | $919 |
| 2 adults 2 children | $821 | $971 | $1,148 | $1,307 | $772 |
| 1 adult 2 children | $821 | $725 | $784 | $1,307 | $690 |
| 2 adults 1 child | $821 | $767 | $938 | $666 | $683 |
| 1 adult 1 child | $821 | $496 | $574 | $666 | $570 |
| 2 adults | $641 | $616 | $728 | $0 | $553 |
| 1 adult | $637 | $336 | $364 | $0 | $478 |
Safety trends & Data
Cambria County, Pennsylvania has experienced a decline in property crimes over the past five years, notably in larceny-theft and burglary. Larceny-theft incidents fell from 509 to 109, and burglaries decreased from 57 to 21 between 2018 and 2022. However, erratic trends in arson and motor vehicle theft highlight the need for ongoing surveillance. This changing landscape is crucial for real estate stakeholders to understand for accurate property valuations and insurance... Read more
Property Crime Trends in Cambria County, PA Over the Last 5 Years
Cambria County, Pennsylvania has seen a noticeable decline in property crimes over the past five years, particularly in larceny-theft and burglary. Between 2018 and 2022, larceny-theft incidents fell from 509 to 109, while burglaries dropped from 57 to 21. However, some categories like arson and motor vehicle theft have shown more erratic trends with occasional spikes. This shifts the focus for real estate agents, appraisers, and potential buyers, indicating not only a positive trend in neighborhood safety but also the necessity to monitor fluctuating crime rates in specific areas for accurate property valuation and insurance assessments.
Demographics
Cambria County, Pennsylvania, shows a nearly equal gender distribution among adults, with slight predominance of females over males. The educational attainment levels reveal that the majority are high school graduates, while a significant portion have some college education or hold an associate's degree. Age distribution data highlights an aging population, with a noticeable number nearing retirement age, especially those between 55 to 64 years old. Racially, the county is predominantly White,... Read more
Race Distribution in Cambria County, Pennsylvania (2022)
Educational Attainment in Cambria County, Pennsylvania (2022)
Age Distribution in Cambria County, Pennsylvania
Citizen Population in Cambria County, Pennsylvania (2022)
Political Trends & Data
Cambria County, Pennsylvania, displayed a significant Republican preference in the 2020 U.S. Presidential Election with around 68% of the vote, while Democrats received about 31%. This notable conservative tilt might suggest a local alignment with right-leaning policies, which could influence real estate market trends, favoring suburban or rural developments over urban expansion, reflecting constituents' lifestyle preferences and economic policies. Minor parties like the Libertarian party had... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cambria County, Pennsylvania, saw a significant lean towards the Republican party in the 2020 U.S. Presidential Election, capturing roughly 68% of the vote. In contrast, the Democratic party garnered about 31%, suggesting a strong conservative presence in the region. Minor parties such as the Libertarian party made a minimal impact, with just over 1% of the votes. This voting pattern may indicate a prevailing preference for right-leaning policies among constituents.
68.13% of voters voted for the Republican party in the 2020 Presidential Election
30.79% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Cambria County, Pennsylvania, the student-to-teacher ratio has generally been below the national average of 14 over the last decade, fluctuating significantly. From 2014 to 2022, the ratio decreased from 13 to just above 12 but spiked to 14 in 2023. This could reflect changes in school funding, population shifts, or local educational policies. For investors and real estate agents, lower ratios can hint at a more personalized education environment, potentially boosting the county's school... Read more
Student-to-teacher ratio in Cambria County, Pennsylvania over the last 10 years
Over the last decade, the student-to-teacher ratio in Cambria County, Pennsylvania has mostly remained below the national average of 14 students per teacher, with significant fluctuations. From 2014 to 2022, the ratio steadily decreased from 13 to just above 12. However, the ratio spiked to 14 in 2023. This trend might suggest varying factors such as changes in school funding, population shifts, or local educational policies. For investors, real estate agents, and those considering a move to the area, lower ratios could indicate a more personalized education environment, potentially enhancing the appeal of the county's schools. Appraisers and insurance agents might find these metrics beneficial when assessing property values and risks, respectively, as they can often correlate with community quality and desirability.
