Carbon County Real Estate and Livability Trends
Carbon County, Pennsylvania has experienced a surge in median home values from $144,700 in 2015 to $179,600 in 2022, positioning it as a more accessible market compared to the state average of $226,200. Property taxes have increased notably, peaking at $6,330.10 in 2020, which suggests either rising property values or changing tax policies. Mortgage numbers reveal a shifting focus towards... Read more
Carbon County Market Trends
Carbon County, Pennsylvania has seen its median home values climb from $144,700 in 2015 to $179,600 in 2022, trailing behind the state’s average of $226,200, potentially signaling a more accessible market. The residential energy tax credit per tax return fluctuated significantly, notably spiking to $3,560.00 in 2018, reflecting dynamic investment in energy efficiency. Property taxes have been... Read more
Median Value of Occupied Housing Units in Carbon County, Pennsylvania Over the Last 8 Years
Over the last eight years, Carbon County, Pennsylvania, has shown a steady increase in median home values, rising from $144,700 in 2015 to $179,600 in 2022. This growth trajectory is somewhat aligned with national trends but remains below the average values for the state of Pennsylvania, where 2022 values reached $226,200. Interestingly, while Carbon County's growth mirrors the nation's, it trails behind the statewide surge, potentially indicating a more accessible market for new homeowners or investors looking for opportunities distinct from the broader state market.
Residential Energy Tax Credit Per Tax Return in Carbon County, PA Over the Last 9 Years
The average residential energy tax credit per tax return in Carbon County, Pennsylvania has shown significant fluctuations over the last nine years. Notably, 2018 saw a dramatic spike to $3,560.00, which might be attributed to major energy-efficient upgrades or policy changes. In comparison, the tax credits in 2013 and recent years like 2020 and 2021 ranged from approximately $398.94 to $1,059.26, indicating a general upward trend, albeit with some volatility. This variability suggests periods of major investments or shifting incentive programs, presenting potential opportunities for property developers, real estate agents, and insurers to leverage energy efficiency as a value proposition in the region.
Average Real Estate Taxes Per Tax Return in Carbon County, PA Over the Last 10 Years
Over the past decade, property taxes in Carbon County, Pennsylvania have generally shown an upward trend, beginning at $3884.60 and peaking at $6330.10 in 2020. This steady increase, with notable jumps between 2016 and 2018, could suggest rising property values or changes in tax policies. While there was a slight dip to $6180.85 in 2021, the overall trajectory still hints at higher costs for homeowners and investors. For real estate agents, appraisers, and potential property buyers, these shifts might indicate a growing market but also imply higher expenses related to property ownership in Carbon County.
Percentage of Farm Returns in Carbon County, PA Over the Last 10 Years
Over the last 10 years, the percentage of farm tax returns in Carbon County, Pennsylvania has shown a slight decline, dropping from about 0.42% in 2012 to approximately 0.34% in 2021. Farm tax returns are essentially the income tax returns filed by agricultural businesses, reflecting the presence and financial activity of farming in the area. This downward trend may suggest a reduced number of active farms or a shift towards other kinds of economic activities. Investors and prospective residents might find this information useful, particularly when considering the evolving economic landscape and the potential for commercial and residential development in the county.
Number of Mortgages by Occupancy Type in Carbon County, PA Over the Last 5 Years in Carbon County
Over the past five years, there has been a noticeable fluctuation in the number of mortgages for various occupancy types in Carbon County, Pennsylvania. Particularly, mortgages for principal residences peaked in 2021 at 4,036 but dropped to 3,215 in 2022, reflecting potential market cooling or a shift in buyer priorities. Investment property mortgages have steadily increased from 171 in 2018 to 398 in 2022, indicating growing interest in real estate investments. Second residences saw a substantial spike in 2021 but declined by 2022, suggesting a temporary surge possibly influenced by market or lifestyle changes. Understanding these changes in occupancy type is vital for investors, appraisers, insurance agents, and builders, as they signal varying demands and potential profitability in different property markets. For real estate agents and residents, recognizing these patterns can help inform strategic decisions, whether it’s about buying, selling, or advising clients on market trends.
Economic Outlook
Carbon County, Pennsylvania, has seen a notable rise in average taxable income, climbing from $46,169.75 in 2013 to $61,851.18 in 2021, suggesting a more lucrative environment for investment and real estate development. Average state and local income taxes have almost doubled in the past decade, reaching around $7,400.00 by 2021, indicating increasing wealth or rising local costs. The total tax liability has also trended upward, hitting $8,573.24 in 2021, which could be indicative of rising... Read more
Average Taxable Income per Tax Return in Carbon County, PA over the last 9 years
Carbon County, Pennsylvania has seen a steady increase in average taxable income over the past nine years. Starting at $46,169.75 in 2013 and climbing to $61,851.18 in 2021, the trend suggests economic growth and potentially improved average earning capacity for residents. This upward trajectory might imply a more attractive environment for investment, real estate development, and heightened consumer spending power, making it an interesting spot for business and property opportunities. However, the slight dip in 2017 to $51,743.02 highlights the importance of considering local economic variables.
Average State and Local Income Taxes Per Tax Return in Carbon County, PA Over the Last 10 Years
Over the past decade, Carbon County, Pennsylvania has seen a steady increase in average state and local income taxes per tax return, climbing from approximately $3,756.76 in 2012 to around $7,400.00 by 2021. This growth is significant, nearly doubling in roughly ten years, with notable jumps particularly in 2017 and 2019. Investors, real estate agents, and new residents might take this as an indicator of increasing wealth or perhaps a reflection of rising local costs. Either way, it's a critical factor influencing the fiscal landscape and living expenses in the area.
Average Total Tax Liability Per Tax Return in Carbon County, PA Over the Last 10 Years
Over the past decade, Carbon County, Pennsylvania has seen a general upward trend in the average total tax liability per tax return, starting at approximately $6,040.06 in 2012 and reaching around $8,573.24 in 2021. Significant increases, particularly between 2014 and 2016, might suggest rising property values or earnings in the area. This tends to be a point of interest for potential investors, appraisers, and real estate professionals as it can indicate a growing local economy and possibly higher living costs. For those moving to or residing in Carbon County, understanding these tax liability trends may be crucial for financial planning and property investment decisions.
Cost of Living in Carbon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,323 | $1,428 | $1,573 | $1,521 | $1,234 |
| 1 adult 4 children | $1,323 | $1,166 | $1,207 | $1,521 | $1,328 |
| 2 adults 3 children | $1,323 | $1,166 | $1,363 | $1,521 | $1,013 |
| 1 adult 3 children | $1,323 | $952 | $997 | $1,521 | $1,106 |
| 2 adults 2 children | $1,033 | $955 | $1,152 | $1,320 | $870 |
| 1 adult 2 children | $1,033 | $713 | $786 | $1,320 | $843 |
| 2 adults 1 child | $1,033 | $755 | $942 | $666 | $791 |
| 1 adult 1 child | $1,033 | $487 | $576 | $666 | $676 |
| 2 adults | $815 | $606 | $731 | $0 | $641 |
| 1 adult | $715 | $331 | $366 | $0 | $518 |
Safety trends & Data
Property crime in Carbon County, Pennsylvania has seen notable fluctuations over the past four years. Larceny-theft, the highest reported crime, peaked at 150 incidents in 2018 but fell to 12 incidents by 2022. Burglary incidents reduced from 9 in 2018 to just 1 in 2022. Crimes like fraud and vandalism have varied but generally trended downward. Investors, potential movers, and real estate agents may find this data relevant when assessing neighborhood safety and its impact on property... Read more
Property Crime Trends in Carbon County, PA Over the Last 4 Years
Property crime in Carbon County, Pennsylvania has seen notable fluctuations over the past four years. Larceny-theft, consistently the highest reported crime, peaked in 2018 with 150 incidents but dramatically fell to 12 incidents by 2022. Burglary incidents have also reduced, from 9 in 2018 to just 1 in 2022. Crimes like fraud and vandalism have varied but trended downward, suggesting improved security or socio-economic influences. Such shifts could matter to investors, potential movers, and real estate agents looking to assess neighborhood safety and its impact on property values.
Demographics
Carbon County, Pennsylvania appears to have a stable gender balance in its adult population, with males slightly edging out females. Educationally, high school graduates form the largest segment, while residents with graduate degrees remain a smaller, though significant, minority. The age distribution suggests a fairly even spread across various age groups, but there's a notable concentration of individuals in the 45 to 64 age bracket. Racially, the county's population is predominantly White,... Read more
Race Distribution in Carbon County, Pennsylvania (2022)
Educational Attainment in Carbon County, Pennsylvania (2022)
Age Distribution in Carbon County, Pennsylvania
Citizen Population in Carbon County, Pennsylvania (2022)
Political Trends & Data
Carbon County, Pennsylvania exhibits a significant conservative tilt, as indicated by the 2020 U.S. Presidential Election results showing about 65% of votes for the Republican candidate and around 33% for the Democratic candidate. Minor parties had negligible impact, with Libertarians barely making an appearance and Greens not registering any votes. This political landscape might influence various aspects of life in the county, including potential policy priorities and local real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Carbon County, Pennsylvania likely leaned heavily Republican in the 2020 U.S. Presidential Election, with around 65% of votes going to the Republican candidate. Democrats trailed significantly, capturing approximately 33% of the votes. Minor parties had minimal impact, with Libertarians barely making a dent and Greens not registering any votes. This voting behavior might suggest a strong conservative tilt in the county's political landscape.
65.37% of voters voted for the Republican party in the 2020 Presidential Election
33.34% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Carbon County, Pennsylvania has seen a decrease in the student-to-teacher ratio, hitting around thirteen students per teacher in 2022. With smaller class sizes compared to the national average of fourteen, this could mean better individualized attention for students, making it attractive for investors and those looking to move. Real estate professionals might see this as a factor boosting property values, while appraisers and insurance agents could consider this in assessments and client... Read more
Student-to-teacher ratio in Carbon County, Pennsylvania over the last 10 years
Carbon County, Pennsylvania has generally experienced a declining trend in the student-to-teacher ratio over the past decade, reaching its lowest at roughly thirteen students per teacher in 2022. This trend suggests an improvement in the quality of education, as it implies smaller class sizes compared to the national average of fourteen students per teacher, potentially leading to more individualized attention for students. For investors, real estate agents, and individuals considering moving to the area, this could signal a competitive edge in terms of educational offerings. For appraisers and insurance agents, it reflects a factor that might enhance property values and influence client preferences.
