Lebanon County Real Estate and Livability Trends
Lebanon County, Pennsylvania's median home values have surged from $163,800 in 2015 to $211,400 in 2022, highlighting a robust local real estate market. While residential energy tax credits hit a peak of about $2,884.21 in 2018, indicating a trend towards energy-efficient homes, rising real estate taxes from $3,553.83 in 2012 to $5,507.69 in 2021 could impact affordability. Moreover, with a... Read more
Lebanon County Market Trends
Lebanon County, Pennsylvania has experienced a steady rise in median home values, climbing to $211,400 in 2022 from $163,800 in 2015. While this growth is strong compared to the state average, it remains modest when evaluated against broader national trends. Residential energy tax credits have surged, peaking at around $2,884.21 in 2018, signaling a significant push towards energy efficiency that... Read more
Median Value of Occupied Housing Units in Lebanon County, Pennsylvania Over the Last 8 Years
Lebanon County, Pennsylvania has seen a steady rise in median home values over the past eight years, hitting $211,400 in 2022 from $163,800 in 2015. When stacked against Pennsylvania as a whole, which saw values increase from $166,000 to $226,200 in the same period, Lebanon County's growth is strong, yet still somewhat modest. Compared to the national median value jump from $125,500 to $179,400, Lebanon County's housing market appears more robust, offering potentially more stable returns for investors and home buyers. This steady appreciation could make Lebanon County an attractive option for those looking to invest in property or settle in an area with consistent growth.
Residential Energy Tax Credit Per Tax Return in Lebanon County, PA Over the Last 9 Years
Lebanon County, Pennsylvania has seen a significant increase in residential energy tax credits per tax return over the past nine years. Notably, there has been a sharp spike, with 2018 peaking at around $2,884.21, indicating substantial investments in energy-efficient improvements during that year. The pattern suggests a growing trend towards energy efficiency and possibly rising costs or available incentives for homeowners, drawing interest from potential investors, developers, and real estate agents. This trend can affect property valuations and insurance considerations, as energy-efficient homes are often more desirable and potentially cheaper to insure in the long run.
Average Real Estate Taxes Per Tax Return in Lebanon County, PA Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Lebanon County, Pennsylvania have seen a notable increase, jumping from around $3,553.83 in 2012 to approximately $5,507.69 in 2021. This steady rise, particularly sharp from 2016 to 2018, suggests a growing burden on homeowners which may impact property appraisals and insurance rates. Those considering investing or relocating here should weigh these financial factors, while real estate agents and builders might use this trend to anticipate market shifts.
Percentage of Farm Returns in Lebanon County, PA Over the Last 10 Years
Farm tax returns in Lebanon County, Pennsylvania, have shown slight fluctuations over the past decade, generally hovering around 1.5% of total returns. While 2012 and 2021 saw slight peaks at approximately 1.52% and 1.51% respectively, the percentage dipped to about 1.44% in 2020. These trends could indicate small shifts in the local agricultural economy, potentially impacting investment decisions, property development, or relocation plans. It's particularly insightful for those interested in the agricultural sector, as consistent slight variances suggest a stable yet modest farming presence in Lebanon County.
Number of Mortgages by Occupancy Type in Lebanon County, PA Over the Last 5 Years in Lebanon County
Principal residence mortgages dominate Lebanon County, Pennsylvania, while investment properties have seen a slight decline in recent years, with 2019 and 2020 being particularly volatile for both categories. Second residences consistently represent a minimal share of the market. These shifts in occupancy types suggest changing priorities and financial strategies among buyers, impacting everything from property values, investor interest, and lending policies to insurance premiums. For those involved in real estate and related fields, understanding these dynamics is crucial as they influence market viability, risk assessments, and long-term planning.
Economic Outlook
Lebanon County, Pennsylvania has experienced a significant rise in average taxable income, climbing from $50,873.36 in 2013 to $70,804.29 in 2021, suggesting economic growth and making it potentially attractive to real estate stakeholders. Concurrently, state and local income taxes have more than doubled, reaching $10,148.50 in 2021, signaling an increasing economic burden that could influence investment decisions. The average total tax liability per tax return has seen an upward trend, peaking... Read more
Average Taxable Income per Tax Return in Lebanon County, PA over the last 9 years
Lebanon County, Pennsylvania has shown a consistent increase in the average taxable income per tax return over the past nine years, rising from $50,873.36 in 2013 to $70,804.29 in 2021. This upward trend may indicate economic growth and increasing prosperity in the area, potentially making it an appealing destination for real estate investors, homebuyers, and professionals involved in property appraisal and insurance. For those already living in or considering moving to the county, such financial indices could suggest a relatively thriving local economy.
Average State and Local Income Taxes Per Tax Return in Lebanon County, PA Over the Last 10 Years
Lebanon County, Pennsylvania, has experienced significant increases in state and local income taxes over the past decade. Starting at $4,312.68 in 2012, taxes have more than doubled, reaching $10,148.50 in 2021. This trend could indicate a growing economic burden on residents, which might impact decisions for potential investors or individuals looking to move to the area. The sharp rise seen particularly after 2017 may suggest changes in tax policies or economic conditions influencing the local financial landscape. Understanding these shifts is crucial for appraisers, insurance agents, and real estate professionals when evaluating property values and client advisories in Lebanon County.
Average Total Tax Liability Per Tax Return in Lebanon County, PA Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Lebanon County, Pennsylvania has shown an overall upward trend, culminating in a notable leap to $10,449.79 in 2021. There were some fluctuations, most notably a dip in 2018, but the general increase suggests growing incomes or changes in tax policy affecting the area. This pattern could be significant for potential investors, property builders, and real estate agents as it hints at an escalating economic environment. For insurance agents and appraisers, the rising tax liabilities may reflect increasing property values, necessitating careful consideration in policy underwriting and property assessment.
Cost of Living in Lebanon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,379 | $1,448 | $1,876 | $1,974 | $1,466 |
| 1 adult 4 children | $1,379 | $1,182 | $1,441 | $1,974 | $1,593 |
| 2 adults 3 children | $1,379 | $1,183 | $1,624 | $1,974 | $1,244 |
| 1 adult 3 children | $1,379 | $966 | $1,190 | $1,974 | $1,356 |
| 2 adults 2 children | $1,090 | $968 | $1,372 | $1,722 | $1,020 |
| 1 adult 2 children | $1,090 | $723 | $938 | $1,722 | $1,036 |
| 2 adults 1 child | $1,090 | $765 | $1,120 | $902 | $890 |
| 1 adult 1 child | $1,090 | $494 | $686 | $902 | $747 |
| 2 adults | $838 | $615 | $869 | $0 | $654 |
| 1 adult | $793 | $335 | $434 | $0 | $550 |
Safety trends & Data
Lebanon County, Pennsylvania has experienced a significant decline in property crime rates over the past five years, particularly in burglary, larceny-theft, and fraud. For example, larceny-theft dropped sharply from 414.00 incidents in 2018 to just 104.00 in 2022. While this trend hints at better community security and effective law enforcement, areas like vandalism and motor vehicle theft still show fluctuations. These trends could make Lebanon County more attractive to investors, potential... Read more
Property Crime Trends in Lebanon County, PA Over the Last 5 Years
The past five years in Lebanon County, Pennsylvania have showcased a notable decline in overall property crime rates, with significant drops observed in burglary, larceny-theft, and fraud. For instance, larceny-theft saw a sharp decrease from 414.00 incidents in 2018 to just 104.00 in 2022. This trend may indicate improving community security and effective law enforcement. However, despite the overall declines, vandalism and motor vehicle theft have fluctuated, highlighting areas where attention is still needed. These trends make Lebanon County potentially more appealing for investors, potential residents, and real estate professionals as it suggests a somewhat safer environment with room for continued improvement.
Demographics
Lebanon County, Pennsylvania, tends to skew slightly more female than male, which could hint at social dynamics and healthcare needs. Educational attainment shows a significant portion of the population stopping at high school graduation, making educational programs and adult learning opportunities appealing. The age distribution indicates a sizable elderly population, with over 31,000 residents aged 65 or older, which might suggest growing demand for senior services and healthcare. The racial... Read more
Race Distribution in Lebanon County, Pennsylvania (2022)
Educational Attainment in Lebanon County, Pennsylvania (2022)
Age Distribution in Lebanon County, Pennsylvania
Citizen Population in Lebanon County, Pennsylvania (2022)
Political Trends & Data
In Lebanon County, Pennsylvania, the 2020 U.S. Presidential Election saw a significant lean towards Republican candidates, capturing about 65% of the vote. Democrats secured roughly 33%, while Libertarians obtained nearly 1.4%. This partisan tilt could play a key role in local and state election outcomes, potentially shaping policy and development decisions in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lebanon County, Pennsylvania, the 2020 U.S. Presidential Election saw a clear tilt with approximately 65% of the votes going to Republican candidates, while Democrats received around 33%. Libertarian candidates garnered close to 1.4% of the vote, with no notable support for Green Party or other candidates. This voting pattern could suggest a strong Republican alignment within the county, influencing local and state elections as well.
65.22% of voters voted for the Republican party in the 2020 Presidential Election
33.40% of voters voted for the Democrat party in the 2020 Presidential Election
1.38% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Lebanon County, Pennsylvania has seen its student-to-teacher ratio decrease from around 15 to 14 over the past decade, aligning with the national average. This shift suggests improving educational conditions, potentially making the area more appealing to families. Real estate agents might leverage this trend to market properties to education-focused buyers, while appraisers and insurance agents could anticipate enhanced community stability and desirability in their... Read more
Student-to-teacher ratio in Lebanon County, Pennsylvania over the last 10 years
Over the past decade, Lebanon County, Pennsylvania has seen its student-to-teacher ratio generally decrease from around 15 students per teacher to closer to 14 today. This shift suggests that class sizes are becoming more manageable compared to the national average of 14 students per teacher. For prospective investors, this can be seen as an indicator of improving educational conditions, potentially increasing the area's appeal to families. Real estate agents might find this trend favorable when marketing properties to those prioritizing education. Similarly, appraisers and insurance agents could see these changes reflect positively in their assessments due to the potential for enhanced community stability and desirability.
