Lawrence County Real Estate and Livability Trends
Lawrence County, Pennsylvania's real estate market is intriguing for investors due to rising average taxable incomes, climbing from $47,679.63 in 2013 to $62,792.81 by 2021, and median home values increasing from $97,300 in 2015 to $130,000 in 2022. Even though these values trail behind state and national trends, potential for lower entry points may entice investors. The dip in property crime... Read more
Lawrence County Market Trends
The median home values in Lawrence County, Pennsylvania have risen from $97,300 in 2015 to $130,000 in 2022, yet still trail behind state and national trends, possibly offering cheaper entry points for investors. Meanwhile, average residential energy tax credits have fluctuated, peaking at $2,660.00 in 2018 and stabilizing around $836.51 in 2021, suggesting potential ongoing incentives for... Read more
Median Value of Occupied Housing Units in Lawrence County, Pennsylvania Over the Last 8 Years
The median home values in Lawrence County, Pennsylvania have seen a steady rise over the last 8 years, growing from $97,300 in 2015 to $130,000 in 2022. While this growth is significant, it still lags behind state and national trends. Pennsylvania's median values climbed from $166,000 to $226,200 during the same period, and the national median soared from $125,500 to $179,400. For those interested in investing in Lawrence County, this slower appreciation might present opportunities to enter the market at more affordable price points compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Lawrence County, PA Over the Last 9 Years
Lawrence County, Pennsylvania has seen significant fluctuations in average residential energy tax credits per tax return over the past nine years. The most notable spike occurred in 2018, when the average credit surged to $2,660.00. This could suggest either a substantial increase in energy-efficient home improvements or possibly a policy change. In recent years, there appears to be a stabilization around a higher baseline, evidenced by values of $662.86 in 2019 and $836.51 in 2021. These patterns may be of interest to investors, real estate agents, and homeowners considering energy-efficient upgrades, indicating potentially ongoing incentives and savings opportunities in the county.
Average Real Estate Taxes Per Tax Return in Lawrence County, PA Over the Last 10 Years
The average real estate taxes per tax return in Lawrence County, Pennsylvania, have shown a general upward trend over the last decade, with notable increases around 2016 and 2018. Taxes increased from approximately $3111.64 in 2012 to around $5228.42 in 2020, with the highest spike observed in 2018 when the average hit about $4985.95. This trend suggests potential implications for property investments and insurance calculations, with increasing real estate tax burdens potentially influencing the attractiveness of the area for new homeowners and investors. Those involved in real estate and property-related services may need to consider these shifts when evaluating property values and market conditions in Lawrence County.
Percentage of Farm Returns in Lawrence County, PA Over the Last 10 Years
Lawrence County, Pennsylvania has seen a slight but consistent decrease in the percentage of farm tax returns over the last decade, dipping from roughly 1.33% in 2012 to about 1.22% in 2021. Farm tax returns reflect the economic activity and viability of agricultural operations in the area. This trend could be a sign of either a shift away from agricultural pursuits, an increase in non-farming economic activities, or both. For potential investors or those looking to move to the area, this might suggest opportunities or considerations regarding the local economy's diversification.
Number of Mortgages by Occupancy Type in Lawrence County, PA Over the Last 5 Years in Lawrence County
Lawrence County, Pennsylvania, has seen a consistent demand for principal residences, with mortgage counts peaking at 4639 in 2021, despite a slight decline to 3613 in 2022. Investment properties have shown modest and stable interest, hovering around the low hundreds annually. Second residences remain a niche market, with mortgage counts fluctuating minimally between 28 and 40 each year. Changes in occupancy type matter as they reflect shifting priorities and economic conditions; investors may see opportunities in the stable investment property demand, while those considering moving might be reassured by the strong market for principal residences. For real estate agents and appraisers, these trends can inform pricing strategies and market positioning.
Economic Outlook
Lawrence County, Pennsylvania is experiencing a steady rise in average taxable income per tax return, increasing from $47,679.63 in 2013 to $62,792.81 by 2021, hinting at a favorable economic shift. Parallelly, the county saw a notable rise in state and local income taxes, peaking at $10,364.21 in 2021, which could influence property valuations and investment decisions. However, fluctuations in total tax liability, from a low of $7,321.67 in 2013 to $9,054.99 in 2021, along with a poverty rate... Read more
Average Taxable Income per Tax Return in Lawrence County, PA over the last 9 years
Lawrence County, Pennsylvania has shown a steady increase in average taxable income per tax return over the past nine years. From $47,679.63 in 2013, it climbed to $62,792.81 by 2021. This upward trend indicates a positive economic shift, which could be appealing to investors and real estate agents. Additionally, for those considering moving or building properties in the area, the consistent rise in income levels might suggest stronger economic stability.
Average State and Local Income Taxes Per Tax Return in Lawrence County, PA Over the Last 10 Years
Over the last decade, Lawrence County, Pennsylvania has experienced a noticeable rise in average state and local income taxes per tax return, with a remarkable peak in 2021 reaching $10,364.21. The most significant jumps were seen starting in 2018, suggesting possible legislative changes or economic factors driving up tax burdens. This trend might impact investment decisions, property valuations, and financial planning for current and prospective residents. Real estate agents, insurance agents, and appraisers should monitor these shifts closely for their potential to influence the local market dynamics.
Average Total Tax Liability Per Tax Return in Lawrence County, PA Over the Last 10 Years
Over the past decade, Lawrence County, Pennsylvania has shown notable fluctuation in average total tax liability per tax return. After dipping to a low of $7,321.67 in 2013, there was a significant rise to $9,054.99 by 2021. This variability could signal changes in local economic conditions, tax policies, or income levels. For potential investors, real estate agents, or anyone planning to move here, this trend might indicate a varying financial climate. It’s essential for insurance agents and appraisers to consider these shifts when assessing the county’s financial health and market prospects.
Cost of Living in Lawrence County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,109 | $1,516 | $1,356 | $2,036 | $1,227 |
| 1 adult 4 children | $1,109 | $1,238 | $1,031 | $2,036 | $1,351 |
| 2 adults 3 children | $1,109 | $1,239 | $1,180 | $2,036 | $1,032 |
| 1 adult 3 children | $1,109 | $1,011 | $854 | $2,036 | $1,136 |
| 2 adults 2 children | $840 | $1,014 | $1,004 | $1,768 | $880 |
| 1 adult 2 children | $840 | $757 | $678 | $1,768 | $843 |
| 2 adults 1 child | $840 | $801 | $828 | $897 | $740 |
| 1 adult 1 child | $840 | $518 | $502 | $897 | $632 |
| 2 adults | $638 | $644 | $651 | $0 | $553 |
| 1 adult | $562 | $351 | $326 | $0 | $461 |
Safety trends & Data
Lawrence County, Pennsylvania has experienced intriguing shifts in property crime over the last five years. Burglary saw a dramatic drop from 65 cases in 2018 to just five in 2021, rising slightly to 21 in 2022. Larceny-theft, once peaking at 311 in 2018, plummeted to six in 2021, rebounding to 47 in 2022. Fraud cases dropped from 35 in 2018 to just two in 2021. These patterns might be a sign of improved crime prevention efforts or economic changes, offering valuable insights for investors,... Read more
Property Crime Trends in Lawrence County, PA Over the Last 5 Years
Lawrence County, Pennsylvania has experienced notable fluctuations in certain property crimes over the last five years. While arson remained minimal with a consistent three cases each year through 2020, burglary saw a significant drop from a high of 65 in 2018 to just five in 2021, before rising to 21 in 2022. Larceny-theft, the most prevalent crime, peaked at 311 in 2018, dipped to 197 in 2019, stabilized around 216 in 2020, and then sharply declined to only six in 2021, slightly rebounding to 47 in 2022. Fraud cases also saw a reduction from 35 in 2018 to two in 2021, indicating a possible improvement in local economic conditions or better preventive measures. These trends may suggest evolving community efforts in crime prevention and economic shifts, which could be crucial for investors, appraisers, and real estate agents to understand when considering Lawrence County for future opportunities.
Demographics
Lawrence County, Pennsylvania exhibits a roughly even gender split with a slightly higher number of females compared to males. A significant portion of the populace holds a high school diploma, while fewer individuals proceed to college degrees, suggesting a potential area for educational development initiatives. Age-wise, there is a notable concentration of residents in the 55 to 64 age bracket, hinting at potential healthcare and retirement service needs. The racial distribution shows a... Read more
Race Distribution in Lawrence County, Pennsylvania (2022)
Educational Attainment in Lawrence County, Pennsylvania (2022)
Age Distribution in Lawrence County, Pennsylvania
Citizen Population in Lawrence County, Pennsylvania (2022)
Political Trends & Data
Lawrence County, Pennsylvania, leans heavily Republican, as evidenced by the 2020 U.S. Presidential Election where the GOP captured around 64% of the votes. Democrats secured about 35%, with Libertarians barely making a dent at just over 1%. This suggests a robust conservative presence, potentially influencing local real estate trends, such as property values and development projects, which may align with conservative policies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Lawrence County, Pennsylvania, showed a predominant leaning towards the Republican Party, capturing about 64% of the votes. Democrats garnered roughly 35%, while the Libertarian candidate received just over 1%. This could indicate a strong conservative presence in the county, though it's worth noting the minimal impact of third-party candidates.
64.24% of voters voted for the Republican party in the 2020 Presidential Election
34.68% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Lawrence County, Pennsylvania, the student-to-teacher ratio has seen some slight variations over the past decade, generally staying around the national average of 14:1. A peak of nearly 15:1 in 2016 and a dip to just under 14:1 in 2021 could point to changes in educational resource allocation. For those considering investing, moving, or working in the area, these dynamics might shed light on local educational quality and funding... Read more
Student-to-teacher ratio in Lawrence County, Pennsylvania over the last 10 years
Lawrence County, Pennsylvania has experienced slight fluctuations in its student-to-teacher ratio over the past decade. Generally hovering around the national average of 14 students per teacher, the ratio saw a peak of nearly 15 students per teacher in 2016 and a dip to just under 14 in 2021. Such changes can signal shifts in educational resource allocation, impacting everything from classroom environments to school funding. For those interested in the area—whether investing, moving, or working in education—keeping an eye on these dynamics might offer insights into the local educational quality and trend directions.
