Forest County Real Estate and Livability Trends
Forest County, Pennsylvania sees potential for real estate growth, given its median home value increase from $84,400 in 2015 to $102,300 in 2022, against a statewide median of $226,200. However, unpredictable property tax changes and a volatile economic backdrop necessitate careful investment planning. The area mainly attracts principal residence buyers, hinting at community and infrastructure... Read more
Forest County Market Trends
Forest County, Pennsylvania has seen its median home value climb from $84,400 in 2015 to $102,300 in 2022, still lagging well behind the statewide median of $226,200. This points to potential growth and affordable entry points. Real estate taxes have been volatile with notable hikes, like from $2,095.45 in 2012 to peaking at $4,300.00 in 2019, and then a drop to $2,600.00 in 2021, indicating an... Read more
Median Value of Occupied Housing Units in Forest County, Pennsylvania Over the Last 8 Years
Forest County, Pennsylvania has seen its median home value rise from $84,400 in 2015 to $102,300 in 2022. Despite these increases, it's still significantly lower than the state median of $226,200 and the national median of $179,400 for 2022. For investors and homebuyers, this suggests potential for growth and more affordable entry points compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Forest County, PA Over the Last 7 Years
Over the past seven years, Forest County, Pennsylvania has seen fluctuations in the average Residential Energy Tax Credit per tax return. Starting at $260.00 in 2013, the value dipped to $250.00 in 2014 but then peaked at $275.00 in 2015 and 2016. More recently, the trend shows a decrease to $233.33 in 2019 and then to $200.00 in both 2020 and 2021. This could suggest a reduction in either energy-efficient investments or changes in tax incentives, impacting decisions for those looking to invest or build property in the area.
Average Real Estate Taxes Per Tax Return in Forest County, PA Over the Last 9 Years
Over the last nine years, real estate taxes per tax return in Forest County, Pennsylvania have shown fluctuating increases, suggesting a dynamic property tax environment. There was a notable hike from $2,095.45 in 2012 to $2,428.57 in 2014, followed by a significant spike to $4,300.00 in 2019. Despite a drop to $2,600.00 in 2021, the general trend may point to variable but generally growing property tax costs. This could be crucial for potential investors, property builders, and real estate agents focusing on long-term financial planning in the area.
Percentage of Farm Returns in Forest County, PA Over the Last 10 Years
Over the last decade, farm returns in Forest County, Pennsylvania, have fluctuated modestly, hovering around 1.7% to 1.9%, with occasional dips down to 1.0% in 2020. Farm tax returns essentially indicate the proportion of overall tax returns from agricultural operations, hinting at the county's economic reliance on farming. Although the numbers suggest a rather consistent but small farming presence, slight increments and decrements might reflect changing economic conditions or varying yields in agricultural output. For investors and potential property builders, this could mean considering the stability and modest growth of the farming sector in the region. People interested in the agricultural landscape might find these trends beneficial for understanding the overall economic health and potential investment opportunities in Forest County.
Number of Mortgages by Occupancy Type in Forest County, PA Over the Last 5 Years in Forest County
In Forest County, Pennsylvania, there appears to be a notable fluctuation in mortgage activity over the past five years, particularly in the principal residence category, which consistently shows significantly higher numbers compared to investment and second residences. Trends like these often suggest that the area is primarily attractive to home buyers looking to establish their main domicile rather than investors or those seeking vacation homes. This trend could influence property values, insurance premiums, and interest for developers, as a higher number of principal residencies often leads to stable community development and infrastructure investment. For real estate agents and appraisers, understanding these dynamics helps in pricing properties accurately and tailoring marketing strategies to potential buyers most interested in primary homes.
Economic Outlook
Forest County, Pennsylvania has observed substantial fluctuations in average taxable income per tax return over the past decade, with a notable high of $50,678.28 in 2021. Similarly, average state and local income taxes per tax return showed peaks and drops, reaching up to $5,947.06 in 2015 before stabilizing around $3,950.00 in 2017. The average total tax liability also displayed a general upward movement, peaking at $6,373.17 in 2021, which might reflect economic growth or inflation impacts.... Read more
Average Taxable Income per Tax Return in Forest County, PA over the last 9 years
Forest County, Pennsylvania has seen notable fluctuations in average taxable income per tax return over the past nine years. Starting from $40,634.20 in 2013, there was a gradual increase peaking at $47,473.46 in 2018 before a dip to $39,472.22 in 2020. Despite this drop, the average income surged to a high of $50,678.28 in 2021. This could be of interest to investors and real estate agents considering the area's economic volatility and potential for growth. Those analyzing property values, including appraisers and insurance agents, might find these trends indicate shifting financial health among residents, which could impact housing demand and insurance risks.
Average State and Local Income Taxes Per Tax Return in Forest County, PA Over the Last 6 Years
Over the past six years, Forest County, Pennsylvania has experienced notable fluctuations in the average state and local income taxes per tax return. Starting at $3,833.33 in 2012 and peaking at $5,947.06 in 2015, there was a substantial increase before a drop to $3,950.00 in 2017. Potential investors and those involved in real estate might find these variations noteworthy for evaluating the area's economic stability and tax implications on property decisions.
Average Total Tax Liability Per Tax Return in Forest County, PA Over the Last 10 Years
Forest County, Pennsylvania has experienced a fluctuating but generally upward trend in average total tax liability per tax return over the past decade. Notably, there was a significant jump between 2013 ($5,200.61) and 2014 ($5,939.62), suggesting either increased income or changes in tax policy affecting residents. The liability peaked in 2021 at $6,373.17, which might indicate economic growth or inflation impacts. This trend could be a crucial indicator for potential investors or those considering moving to Forest County, as it reflects economic activity and possible shifts in the local economic landscape.
Cost of Living in Forest County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,134 | $1,375 | $1,576 | $1,478 | $1,157 |
| 1 adult 4 children | $1,134 | $1,123 | $1,200 | $1,478 | $1,261 |
| 2 adults 3 children | $1,134 | $1,124 | $1,370 | $1,478 | $957 |
| 1 adult 3 children | $1,134 | $917 | $994 | $1,478 | $1,034 |
| 2 adults 2 children | $932 | $920 | $1,164 | $1,281 | $854 |
| 1 adult 2 children | $932 | $687 | $788 | $1,281 | $789 |
| 2 adults 1 child | $932 | $727 | $958 | $641 | $755 |
| 1 adult 1 child | $932 | $470 | $582 | $641 | $632 |
| 2 adults | $743 | $584 | $751 | $0 | $616 |
| 1 adult | $686 | $319 | $376 | $0 | $506 |
Safety trends & Data
Forest County, Pennsylvania has seen fluctuating property crime trends over the past four years, affecting both potential investors and residents. Larceny-theft incidents peaked at 9 in 2021, while burglary arrests surged in 2019 and 2022, marking periods of heightened risk. Arson incidents have stayed minimal, with just one reported annually. Occasional peaks in motor vehicle thefts and vandalism call for vigilance. These trends can influence real estate valuation and insurance premiums,... Read more
Property Crime Trends in Forest County, PA Over the Last 4 Years
Forest County, Pennsylvania has observed fluctuating property crime trends over the past four years, reflecting a varied landscape for potential investors and residents. Notably, incidents of larceny-theft have shown an upward trajectory, peaking at 9 occurrences in 2021, while burglary arrests surged in 2019 and 2022, highlighting periods of increased property risk. Instances of arson have remained minimal, with just one reported each year. Motor vehicle thefts and vandalism saw some activity, with peaks in specific years, necessitating vigilance in those areas. Understanding these trends can help stakeholders make informed decisions in areas such as real estate valuation and insurance premium adjustments.
Demographics
Forest County, Pennsylvania, shows a predominantly male adult population, which might impact community services and workforce dynamics. Education attainment highlights a significant proportion of high school graduates and those with some college experience, but fewer residents with higher education degrees, potentially influencing local economic development and job opportunities. The age distribution hints at a balanced spread across various age groups, with a noticeable number of residents in... Read more
Race Distribution in Forest County, Pennsylvania (2022)
Educational Attainment in Forest County, Pennsylvania (2022)
Age Distribution in Forest County, Pennsylvania
Citizen Population in Forest County, Pennsylvania (2022)
Political Trends & Data
In Forest County, Pennsylvania, the real estate market might see trends that align with its political leanings, where a possible preference for conservative policies could shape investment decisions and development projects. Homes may cater to family-oriented, suburban-style living rather than urban renewal projects. Expect interest in properties that promise stability and traditional values, potentially influencing land use practices and zoning regulations. This political makeup could also... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Forest County, Pennsylvania, the 2020 U.S. Presidential Election revealed a significant leaning towards the Republican Party, with perhaps over 70% of the vote. This is a notable disparity compared to the Democratic Party, which managed to secure possibly just over 27%. Minimal support was seen for the Libertarian Party, and there appeared to be negligible or no votes for the Green Party or other minor parties.
71.13% of voters voted for the Republican party in the 2020 Presidential Election
27.51% of voters voted for the Democrat party in the 2020 Presidential Election
1.36% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Forest County, Pennsylvania, boasts a lower student-to-teacher ratio compared to the national average, recently reaching as low as seven students per teacher. This trend may attract families and education-focused investors, potentially boosting property values and demand in school-friendly areas. For real estate agents and appraisers, this key selling point highlights the area's... Read more
Student-to-teacher ratio in Forest County, Pennsylvania over the last 10 years
Forest County, Pennsylvania has consistently maintained a lower student-to-teacher ratio compared to the national average of fourteen students per teacher. Over the past decade, the ratio has decreased, reaching as low as seven students per teacher in recent years. This trend can significantly impact those considering investment, relocation, or property development in Forest County. Lower ratios often point to more individualized attention for students, which may appeal to families and education-focused investors. For real estate agents and appraisers, a favorable student-to-teacher ratio can be a key selling point, potentially driving higher demand and property values in school-friendly areas. Insurance agents might also find it useful, as it could correlate with community stability and lower potential risks.
