Luzerne County Real Estate and Livability Trends
In Luzerne County, Pennsylvania, rising average taxable income from $47,542.20 in 2013 to $62,212.29 in 2021 suggests a strengthening local economy, though increased state and local taxes, from $5,011.27 in 2012 to $9,730.39 in 2021, might strain disposable income. Home values climbed from $122,700 in 2015 to $152,400 in 2022, trailing behind broader market trends while real estate taxes per... Read more
Luzerne County Market Trends
Home values in Luzerne County, Pennsylvania have increased from $122,700 in 2015 to $152,400 in 2022, lagging behind the statewide and national increases. Average residential energy tax credits showed substantial volatility, peaking at about $1,571.05 in 2018, which might indicate fluctuating energy policies. Real estate taxes per tax return have risen sharply, from $3,599 in 2012 to around... Read more
Median Value of Occupied Housing Units in Luzerne County, Pennsylvania Over the Last 8 Years
Home values in Luzerne County, Pennsylvania have shown a steady increase over the last eight years, rising from $122,700 in 2015 to $152,400 in 2022. This growth is modest compared to the statewide trend, where the median value jumped from $166,000 to $226,200 in the same period. Nationally, home values similarly saw significant increases, with the median value going from $125,500 in 2015 to $179,400 in 2022. Such trends might indicate Luzerne County could provide more affordable investment opportunities compared to broader state and national markets, potentially appealing to budget-conscious buyers and investors.
Residential Energy Tax Credit Per Tax Return in Luzerne County, PA Over the Last 9 Years
In Luzerne County, Pennsylvania, the average residential energy tax credit per tax return has fluctuated significantly over the past nine years. The data indicates a sharp increase around 2017, with an even more notable spike in 2018 at approximately $1,571.05. While there was a subsequent decline in 2019 to around $594.66, the upward trend continued from 2020 onwards, reaching nearly $908.78 in 2021. This volatility might interest investors, property developers, and real estate agents, as it could reflect changes in energy policies or incentives that impact the cost-benefit of energy-efficient improvements in the area.
Average Real Estate Taxes Per Tax Return in Luzerne County, PA Over the Last 10 Years
In Luzerne County, Pennsylvania, the average real estate taxes per tax return have shown a noticeable upward trajectory over the last decade. Starting at approximately $3,599 in 2012, taxes climbed steadily, hitting around $4,377 in 2017. A sharp increase is apparent in 2018 when the taxes surged to roughly $5,755 and continued to rise, peaking at around $6,215 in 2020 before settling slightly at roughly $6,201 in 2021. This trend might imply a rising demand for property investment, potentially driven by economic factors or infrastructural developments, making it an intriguing prospect for investors, real estate agents, and appraisors.
Percentage of Farm Returns in Luzerne County, PA Over the Last 10 Years
Farm tax returns in Luzerne County, Pennsylvania, have seen some fluctuations over the last decade, ranging roughly between 0.18% and 0.23%. This metric, which indirectly reflects the agricultural activity and economic health of the farming sector in the area, has shown a gradual decline, with the most notable drop occurring in 2020 and 2021, dipping just below 0.18%. For investors and those looking to build property in Luzerne County, these figures might suggest a cautious outlook towards large-scale agricultural development, while signaling potential growth opportunities in other sectors.
Number of Mortgages by Occupancy Type in Luzerne County, PA Over the Last 5 Years in Luzerne County
Luzerne County, Pennsylvania, has seen a noteworthy increase in mortgage counts for investment properties over the last five years, doubling from 681 in 2018 to 1,185 in 2022. Mortgages for principal residences also saw fluctuations, peaking in 2021 with 15,008 before declining to 11,335 in 2022. Second residence mortgages remained relatively stable with minor variations. Changes in occupancy types might indicate shifting market dynamics, where increases in investment properties suggest growing interest from real estate investors, potentially driving up property values. Conversely, the dip in principal residence mortgages could signal a cooling in the primary housing market, which might affect both property developers and homeowners looking to refinance. These trends would be crucial for investors analyzing market potential, real estate agents adjusting sales strategies, and appraisers assessing property values.
Economic Outlook
Luzerne County, Pennsylvania, has seen average taxable income per tax return rise from about $47,542.20 in 2013 to nearly $62,212.29 in 2021, hinting at a stronger local economy. Meanwhile, state and local income taxes have increased from $5,011.27 in 2012 to $9,730.39 by 2021, which could impact disposable income and property values. The average total tax liability has also grown from $7,392.93 in 2012 to $9,237.07 in 2021, though with some volatility, including a dip in 2018. Poverty rates,... Read more
Average Taxable Income per Tax Return in Luzerne County, PA over the last 9 years
Luzerne County, Pennsylvania, has experienced consistent growth in average taxable income per tax return over the past nine years. Beginning at approximately $47,542.20 in 2013, it has risen to around $62,212.29 by 2021. This upward trend may interest investors, property developers, and real estate agents as it could indicate a strengthening local economy. It suggests better financial stability among residents, potentially affecting property values, property tax assessments, and overall market dynamics. This pattern could also be relevant for insurance agents assessing risk and appraisers estimating property worth in the region.
Average State and Local Income Taxes Per Tax Return in Luzerne County, PA Over the Last 10 Years
Investors and potential homeowners in Luzerne County, Pennsylvania might want to note the significant trend in increasing average state and local income taxes over the past decade. Starting around $5,011.27 in 2012 and surging to $9,730.39 by 2021, these tax hikes reflect a broader fiscal shift that could impact disposable income and property values. Such tax increments are crucial for financial planners, build property decisions, and real estate agents monitoring regional affordability trends.
Average Total Tax Liability Per Tax Return in Luzerne County, PA Over the Last 10 Years
Over the last decade, Luzerne County, Pennsylvania has seen a gradual increase in the average total tax liability per tax return, rising from $7,392.93 in 2012 to $9,237.07 in 2021. This upward trend could indicate a slowly growing economic base and possibly increasing wages or higher property values. The dip in 2018 stands out, suggesting a temporary fluctuation perhaps due to local economic conditions or policy changes. For potential investors, homeowners, and professionals involved in the local real estate market, this trend may signal a community experiencing steady economic growth, although the slight volatility at times is worth noting.
Cost of Living in Luzerne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,292 | $1,516 | $1,573 | $1,681 | $1,238 |
| 1 adult 4 children | $1,292 | $1,238 | $1,207 | $1,681 | $1,349 |
| 2 adults 3 children | $1,292 | $1,239 | $1,363 | $1,681 | $1,033 |
| 1 adult 3 children | $1,292 | $1,011 | $997 | $1,681 | $1,122 |
| 2 adults 2 children | $998 | $1,014 | $1,152 | $1,461 | $877 |
| 1 adult 2 children | $998 | $757 | $786 | $1,461 | $846 |
| 2 adults 1 child | $998 | $801 | $942 | $743 | $781 |
| 1 adult 1 child | $998 | $518 | $576 | $743 | $651 |
| 2 adults | $817 | $644 | $731 | $0 | $615 |
| 1 adult | $699 | $351 | $366 | $0 | $502 |
Safety trends & Data
Luzerne County, Pennsylvania has witnessed significant shifts in property crime trends, with burglary incidents dropping dramatically from 147 in 2019 to 29 in 2021, while fraud cases spiked to 207 in 2022 from just 24 the previous year. These fluctuations in crime rates can affect real estate values, insurance premiums, and community security perceptions, making them crucial considerations for potential buyers and... Read more
Property Crime Trends in Luzerne County, PA Over the Last 5 Years
Luzerne County, Pennsylvania has seen a substantial fluctuation in property crime rates over the past five years. Notable changes include a marked decrease in burglary incidents from 2019’s peak of 147 to just 29 in 2021. Conversely, fraud cases showed a sharp increase in 2022, jumping to 207 from 24 in 2021. While larceny-theft remains relatively high, it experienced a significant drop in 2020, likely influenced by the pandemic, before rising again. These trends suggest a dynamic crime landscape that could impact real estate values, insurance premiums, and overall community security perceptions, making it crucial for stakeholders to consider these factors in decision-making.
Demographics
Luzerne County, Pennsylvania displays some interesting demographic trends. The adult population is almost evenly split between males and females, which may suggest equal representation in social dynamics and workforce participation. Educational attainment shows a large number of high school graduates alongside a notable portion holding at least some college education, implying a relatively educated populace which could attract businesses and employers looking for skilled workers. The age... Read more
Race Distribution in Luzerne County, Pennsylvania (2022)
Educational Attainment in Luzerne County, Pennsylvania (2022)
Age Distribution in Luzerne County, Pennsylvania
Citizen Population in Luzerne County, Pennsylvania (2022)
Political Trends & Data
Luzerne County, Pennsylvania, leaned predominantly Republican in the 2020 presidential election, with around 57% of the votes going to the GOP, in contrast to the 42% captured by the Democrats. The Libertarian party barely registered, securing just under 1% of the vote. These voting patterns could suggest a robust Republican influence in local and state politics, which may have various implications for policy decisions and community development in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In 2020, Luzerne County, Pennsylvania, showed a noticeable leaning towards the Republican party, capturing around 57% of the votes, while the Democratic party accounted for approximately 42%. The Libertarian party garnered a small fraction at just under 1%, with no significant support observed for the Green party or other candidates. This trend could imply a strong Republican presence in Luzerne County, potentially influencing local and state politics in various ways.
56.70% of voters voted for the Republican party in the 2020 Presidential Election
42.31% of voters voted for the Democrat party in the 2020 Presidential Election
0.99% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Luzerne County, Pennsylvania’s student-to-teacher ratios have generally hovered just above the national average of 14 students per teacher, fluctuating between 15 and 16 from 2014 to 2023. These ratios, which have peaked at 16 in 2017 and recently stand at 15.66, could influence decisions for education-focused investments, family relocations, and real estate marketing. Larger class sizes suggest potentially less individualized attention, impacting school desirability and, consequently,... Read more
Student-to-teacher ratio in Luzerne County, Pennsylvania over the last 10 years
Luzerne County, Pennsylvania has seen student-to-teacher ratios fluctuate over the past decade, generally hovering just above the national average of 14 students per teacher. From 2014 to 2023, ratios ranged between 15 and 16, peaking in 2017 at 16 and gradually rising to 15.66 in 2023. These figures might influence decisions for potential investors in educational infrastructure, families considering moving to the area, and real estate agents marketing properties. A higher student-to-teacher ratio could imply larger class sizes and potentially less individualized attention for students, which may impact the desirability of local schools. For appraisers and insurance agents, understanding these dynamics can offer deeper insights into community trends and associated risks or opportunities in Luzerne County. Those looking to build or invest in educational facilities might see an opportunity for growth or improvement in staffing levels to compete with the national average.
