Cumberland County Real Estate and Livability Trends
Cumberland County, Pennsylvania has shown promising economic growth, with average taxable income per tax return increasing significantly from $63,876.58 in 2013 to $95,252.35 in 2021. This upward trend, along with the rise in median home values from $188,400 in 2015 to $246,200 in 2022, suggests a potentially robust real estate market. Notably, real estate taxes per return also increased,... Read more
Cumberland County Market Trends
Cumberland County, Pennsylvania's median home values have surged from $188,400 in 2015 to $246,200 in 2022, outpacing both state and national growth rates. Residential energy tax credits in the county have seen erratic changes, peaking at $2,968.75 in 2018 and adjusting to $1,412.86 in 2021, potentially pointing to evolving energy policies and investments in efficient home improvements. Real... Read more
Median Value of Occupied Housing Units in Cumberland County, Pennsylvania Over the Last 8 Years
Cumberland County, Pennsylvania has seen a consistent rise in median home values over the past eight years, jumping from $188,400 in 2015 to $246,200 in 2022. This significant increase suggests a healthier appreciation compared to the broader state level, where values moved from $166,000 to $226,200. Nationally, the trend remains robust, but the climb from $125,500 to $179,400 still lags behind Cumberland County's growth. This disparity could indicate a stronger housing demand and potential for higher returns on investment in Cumberland County, making it an appealing option for investors and new residents alike.
Residential Energy Tax Credit Per Tax Return in Cumberland County, PA Over the Last 9 Years
Residential energy tax credits in Cumberland County, Pennsylvania have shown significant fluctuation over the last nine years. Starting at a modest $433.51 in 2013, the average tax credit per return saw a gradual increase, peaking drastically at $2,968.75 in 2018. Despite a drop in subsequent years, the credits have recently bounced back to $1,412.86 in 2021. This volatility might be indicative of changing energy policies or investment in energy-efficient home improvements, which could be an attractive factor for potential investors, real estate agents, and current residents monitoring local economic incentives.
Average Real Estate Taxes Per Tax Return in Cumberland County, PA Over the Last 10 Years
Over the past decade, real estate taxes per return in Cumberland County, Pennsylvania indicate a noticeable upward trend. Starting at $3,408.29 in 2012 and climbing steadily to $5,788.31 by 2021, this gradual increase might affect potential investors, property builders, and real estate agents considering the area. Particularly sharp rises between 2017 and 2018, as well as consistent growth post-2018, could suggest changing economic conditions or policy adjustments, influencing appraisals and insurance premiums. Those interested in the county will likely factor in these escalating tax rates when making financial decisions related to property.
Percentage of Farm Returns in Cumberland County, PA Over the Last 10 Years
Farm tax returns in Cumberland County, Pennsylvania, have exhibited slight variability over the past decade but generally seem to hover around 0.82% to 0.75%. Farm tax returns can serve as an indicator of the agricultural activity and economic health in a rural or semi-rural area. Investors and prospective property buyers might be interested in this trend as it may reflect stability or fluctuations in the farming sector. A dip in farm returns could point to economic shifts or challenges in the agricultural community, possibly affecting land values and local business opportunities.
Number of Mortgages by Occupancy Type in Cumberland County, PA Over the Last 5 Years in Cumberland County
Cumberland County, Pennsylvania, has seen fluctuating mortgage activity over the past five years, with a consistent emphasis on principal residences. Notably, mortgages for principal residences nearly doubled from 2018 to 2021, peaking at 19,326 in 2021 before dropping significantly in 2022. Investment property mortgages have shown a gradual increase, spiking in 2021. Changes in occupancy type play a crucial role for real estate agents, appraisers, and investors, as they can impact market dynamics, home values, and insurance risks. Understanding these trends can inform decisions on property development and investment strategies in the area.
Economic Outlook
Cumberland County, Pennsylvania has experienced an upward trend in average taxable income per tax return over the past nine years, from $63,876.58 in 2013 to $95,252.35 in 2021, despite a dip to $68,874.44 in 2016. This suggests potential economic growth attracting investors and industry professionals. State and local income taxes have also risen significantly, from $5,696.33 in 2012 to $13,426.00 in 2021, potentially indicating economic or tax policy changes. The average tax liability per tax... Read more
Average Taxable Income per Tax Return in Cumberland County, PA over the last 9 years
Over the last nine years, Cumberland County, Pennsylvania has seen a generally upward trend in average taxable income per tax return, increasing roughly from $63,876.58 in 2013 to $95,252.35 in 2021. There were some fluctuations, particularly a notable dip in 2016 to $68,874.44 and a resurgence thereafter, peaking in 2021. Such trends could be of interest to potential investors, real estate agents, and others eyeing the region, suggesting possible economic growth and increasing prosperity within the county. However, the variability also hints at economic factors that might occasionally impact income levels.
Average State and Local Income Taxes Per Tax Return in Cumberland County, PA Over the Last 10 Years
The most notable trend in Cumberland County, Pennsylvania over the past decade is the significant and steady increase in average state and local income taxes per tax return, starting from $5,696.33 in 2012 to a striking $13,426.00 in 2021. An exponential rise is evident particularly from 2018, with figures jumping from $9,430.21 to over $10,000 in subsequent years, peaking in 2021. This surge could suggest economic growth or changes in tax policy, making it important for potential investors, homeowners, and industry professionals to consider the evolving tax landscape when evaluating the region's financial dynamics.
Average Total Tax Liability Per Tax Return in Cumberland County, PA Over the Last 10 Years
Cumberland County, Pennsylvania has exhibited notable fluctuations in average tax liability per tax return over the past decade, peaking at $17,609.29 in 2021. This trend may indicate economic shifts and changes in income levels within the county, piquing the interest of appraisers and potential investors. The marked increase from $10,729.20 in 2012 underscores a possibly expanding job market or rising property values, which could attract new residents and businesses. Real estate agents and insurance agents may need to adjust their strategies accordingly to reflect these dynamics.
Cost of Living in Cumberland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,633 | $1,564 | $1,855 | $2,131 | $1,724 |
| 1 adult 4 children | $1,633 | $1,278 | $1,425 | $2,131 | $1,817 |
| 2 adults 3 children | $1,633 | $1,278 | $1,606 | $2,131 | $1,449 |
| 1 adult 3 children | $1,633 | $1,043 | $1,176 | $2,131 | $1,585 |
| 2 adults 2 children | $1,277 | $1,046 | $1,357 | $1,870 | $1,169 |
| 1 adult 2 children | $1,277 | $781 | $927 | $1,870 | $1,209 |
| 2 adults 1 child | $1,277 | $827 | $1,108 | $1,025 | $995 |
| 1 adult 1 child | $1,277 | $534 | $678 | $1,025 | $887 |
| 2 adults | $1,014 | $664 | $859 | $0 | $735 |
| 1 adult | $881 | $362 | $430 | $0 | $581 |
Safety trends & Data
Cumberland County, Pennsylvania, has experienced varying property crime rates over the past five years, impacting key categories such as larceny-theft, which, despite peaking at 566 cases in 2019, declined to 538 cases by 2022. Burglary incidents increased significantly, reaching 58 in 2022 from a low of 27 in 2020. Fraud cases plummeted from 217 in 2018 to just 110 in 2022, suggesting better preventive measures. Additionally, vandalism showed a slight uptrend, peaking at 111 cases in 2021.... Read more
Property Crime Trends in Cumberland County, PA Over the Last 5 Years
Cumberland County, Pennsylvania, has seen fluctuating property crime rates over the past five years, with notable changes in some categories. Larceny-theft remains the most prevalent property crime, peaking at 566 cases in 2019 but showing a decline to 538 cases by 2022. Burglary incidents also varied but reached their highest at 58 in 2022, up from a low of 27 in 2020. Conversely, fraud cases saw a significant drop from 217 in 2018 to just 110 in 2022, possibly indicating improved preventive measures. Vandalism cases increased slightly, with a peak of 111 in 2021. These trends may hint at evolving crime patterns and enforcement efficacy, crucial for prospective investors, insurers, and real estate professionals assessing the risk landscape in the area.
Demographics
Cumberland County, Pennsylvania shows a nearly balanced gender distribution with slightly more females than males. The population skews towards older adults, with notable segments aged 25-64 years, indicating a mature demographic. Educational attainment reveals a strong presence of high school graduates and those holding a bachelor's degree, suggesting a fairly educated populace. Racial composition is predominantly white, but with diverse minorities, including significant Asian and African... Read more
Race Distribution in Cumberland County, Pennsylvania (2022)
Educational Attainment in Cumberland County, Pennsylvania (2022)
Age Distribution in Cumberland County, Pennsylvania
Citizen Population in Cumberland County, Pennsylvania (2022)
Political Trends & Data
Cumberland County, Pennsylvania, demonstrated a noticeable Republican inclination in the 2020 U.S. Presidential Election, with around 54.5% of the votes going to the GOP. Democrats captured approximately 43.9%, while Libertarians hardly made a dent with just over 1.5%. This suggests that the area is predominantly influenced by conservative values, yet still has significant Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cumberland County, Pennsylvania, the 2020 U.S. Presidential Election showed a pronounced leaning towards the Republican Party, garnering approximately 54.5% of the votes. The Democratic Party secured around 43.9%, while the Libertarians trailed significantly with just over 1.5% of the vote. This suggests a relatively strong Republican presence in the county, with minor influences from third parties.
54.53% of voters voted for the Republican party in the 2020 Presidential Election
43.96% of voters voted for the Democrat party in the 2020 Presidential Election
1.51% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Cumberland County, Pennsylvania’s student-to-teacher ratio has generally aligned with the national average of 14 students per teacher over the past decade. Peak ratios of 15 students per teacher were noted in 2017 and 2019, but recent figures show a slight improvement, landing back at 14 in 2023. This stability or minor improvement in student-to-teacher ratios may signal enhanced educational quality, which can be a crucial factor for families deciding to move into the area. Real estate agents... Read more
Student-to-teacher ratio in Cumberland County, Pennsylvania over the last 10 years
Cumberland County, Pennsylvania has seen its student-to-teacher ratio hover with minor fluctuations around the national average of 14 students per teacher over the past decade. The highest ratio observed was 15 students per teacher in 2017 and 2019, although recent years have seen a slight decrease, settling at 14 students per teacher in 2023. These changes in student-to-teacher ratios might influence educational quality, impacting decisions for families considering a move to the area, as better ratios often coincide with more individualized attention and potentially improved educational outcomes. Investors and real estate agents might also consider these trends when evaluating the desirability and long-term investments in local properties. For appraisers and insurance agents, understanding such dynamics could affect property value assessments and risk evaluations, making occupational type trends an essential factor in their analyses.
