Mifflin County Real Estate and Livability Trends
Mifflin County, Pennsylvania’s real estate market has seen noteworthy growth, with median home values rising from $97,800 in 2015 to $131,300 by 2022, faster than state averages. This upswing indicates increased demand and makes it appealing for buyers seeking affordable options in Pennsylvania. Energy-efficient upgrades have gained traction, as shown by peaks in energy tax credits in 2018 and... Read more
Mifflin County Market Trends
Mifflin County's median home values surged from $97,800 in 2015 to $131,300 by 2022, showing a faster rise compared to Pennsylvania's overall figures. This growth makes it an intriguing spot for those in search of affordable housing within the state. Meanwhile, residential energy tax credits have fluctuated but saw significant peaks in 2018 and again in 2021, hinting at greater adoption of... Read more
Median Value of Occupied Housing Units in Mifflin County, Pennsylvania Over the Last 8 Years
Mifflin County's median home values have seen growth from $97,800 in 2015 to $131,300 by 2022. This represents a steeper climb compared to Pennsylvania's median values, which rose from $166,000 to $226,200 over the same period. Mifflin County's trends are particularly striking when placed against the national figures, which went from $125,500 in 2015 to $179,400 by 2022. This dataset reveals a consistent upward trajectory, albeit at a lower price point, making Mifflin County an intriguing spot for investors and those seeking more affordable housing within Pennsylvania.
Residential Energy Tax Credit Per Tax Return in Mifflin County, PA Over the Last 9 Years
In Mifflin County, Pennsylvania, residential energy tax credits have shown notable fluctuations over the past nine years. The average tax credit starts from around $374.58 in 2013 and dips to a low of approximately $268.89 in 2015, indicating potential shifts in policy or taxpayer behavior. A significant spike occurs in 2018, with the average credit reaching an impressive $1,333.33, potentially hinting at increased adoption of energy-efficient technologies or supportive legislative changes. Interestingly, there is another upward trend visible post-2018, peaking again in 2021 at around $1,055.88. This pattern might be indicative of growing environmental consciousness or beneficial tax incentives in the county, making it an opportune time for stakeholders such as property developers, insurers, and investors to consider the long-term benefits and cost savings of energy-efficient installations.
Average Real Estate Taxes Per Tax Return in Mifflin County, PA Over the Last 10 Years
In Mifflin County, Pennsylvania, average real estate taxes per tax return have experienced a noticeable increase over the last decade. Starting at approximately $2684.90 in 2012, taxes rose steadily to about $3249.08 by 2017. A significant jump occurred between 2017 and 2018, where the average spiked to $4129.55, followed by a continued rise to around $4369.05 in 2019. Recent years have seen a slight decline, stabilizing near $4302.94 in 2021. This trend could indicate growing property values or changing tax policies, crucial information for prospective investors, homeowners, and real estate professionals.
Percentage of Farm Returns in Mifflin County, PA Over the Last 10 Years
Farm tax returns in Mifflin County, Pennsylvania, have generally shown a stable trend over the last 10 years, hovering between 3.26% and 3.51%. This indicates that the proportion of income derived from farm activities relative to overall returns has been relatively constant, which might suggest a stable agricultural sector. For those interested in investing, moving to, or developing property in Mifflin County, the consistent percentage of farm returns could signify resilience in the local farming economy, potentially offering reliable opportunities in agribusiness ventures or farm-related properties.
Number of Mortgages by Occupancy Type in Mifflin County, PA Over the Last 5 Years in Mifflin County
In Mifflin County, Pennsylvania, mortgage activity has been most robust in the Principal Residence category over the past five years, peaking at 1,740 mortgages in 2021. Investment property mortgages have seen a moderate increase from 68 in 2018 to 116 in 2022. Second Residence mortgages remain a minor segment but show gradual growth, reaching 37 in 2022. Shifts in the type of property occupancy can influence everything from property values to community demographics, affecting decisions by investors, real estate agents, insurers, and prospective movers. For instance, rising investment property mortgages might indicate growing interest from landlords, impacting rental market dynamics and neighborhood compositions.
Economic Outlook
Mifflin County, Pennsylvania, has shown a substantial uptick in the average taxable income per tax return, ascending from $41,916.79 in 2013 to $54,964.94 in 2021. This increase suggests a bolstering local economy which may attract investors and homebuyers while influencing property appraisals and development opportunities. Average state and local income taxes have also surged, from $4,219.30 in 2012 to $7,483.87 in 2021, especially spiking post-2018, hinting at economic shifts or tax policy... Read more
Average Taxable Income per Tax Return in Mifflin County, PA over the last 9 years
Mifflin County, Pennsylvania, has demonstrated a steady increase in average taxable income per tax return over the past nine years, jumping from $41,916.79 in 2013 to $54,964.94 in 2021. This growth trend could imply a more robust local economy, potentially making the area more attractive to investors and homebuyers. The consistent rise may also influence property appraisals, insurance rates, and development plans, offering promising opportunities for real estate agents and those looking to build property locally.
Average State and Local Income Taxes Per Tax Return in Mifflin County, PA Over the Last 10 Years
Over the last decade, Mifflin County, Pennsylvania has experienced a noticeable uptick in average state and local income taxes per tax return, from $4,219.30 in 2012 to a peak of $7,483.87 in 2021. Particularly sharp increases were seen starting in 2018, potentially signaling changes in local tax policies or economic shifts in the area. This data may be indicative of broader economic trends and could impact decisions for potential investors, homebuyers, and real estate professionals considering the region.
Average Total Tax Liability Per Tax Return in Mifflin County, PA Over the Last 10 Years
Over the last decade, Mifflin County, Pennsylvania has seen a notable rise in the average total tax liability per tax return, growing from approximately $5,490.62 in 2012 to roughly $7,059.34 in 2021. This gradual increase, albeit with some fluctuations, may indicate a growing economic base or changes in local tax policies. Such trends could be insightful for those considering real estate investments or evaluating property values in the area, as higher tax liabilities might reflect increased property values and a potentially robust local economy. Insurance agents might also find this useful for adjusting premium calculations, while appraisers can leverage this data for more accurate market assessments.
Cost of Living in Mifflin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,099 | $1,355 | $1,936 | $1,432 | $1,164 |
| 1 adult 4 children | $1,099 | $1,107 | $1,479 | $1,432 | $1,243 |
| 2 adults 3 children | $1,099 | $1,107 | $1,681 | $1,432 | $959 |
| 1 adult 3 children | $1,099 | $904 | $1,224 | $1,432 | $1,012 |
| 2 adults 2 children | $821 | $906 | $1,426 | $1,243 | $828 |
| 1 adult 2 children | $821 | $677 | $968 | $1,243 | $741 |
| 2 adults 1 child | $821 | $716 | $1,171 | $628 | $736 |
| 1 adult 1 child | $821 | $463 | $713 | $628 | $606 |
| 2 adults | $682 | $575 | $915 | $0 | $617 |
| 1 adult | $605 | $314 | $458 | $0 | $502 |
Safety trends & Data
Mifflin County, Pennsylvania has experienced fluctuating yet overall declining property crime rates over the past five years. Larceny-Theft fell sharply from 109 incidents in 2018 to just 4 in 2021, though it rose back to 72 in 2022. Fraud cases also decreased from 21 in 2018 to 6 in 2022. However, burglary incidents doubled from 8 in 2019 to 17 in 2022, and vandalism cases decreased from a peak of 30 in 2018 to 16 by 2022. While there are spikes in specific crimes like burglary, the general... Read more
Property Crime Trends in Mifflin County, PA Over the Last 5 Years
Mifflin County, Pennsylvania has seen fluctuating but overall declining trends in property crimes over the past five years. Larceny-Theft incidents dropped dramatically from 109 in 2018 to just 4 in 2021, though it saw an uptick to 72 in 2022. Fraud cases also decreased from 21 in 2018 to 6 in 2022. On the other hand, burglary has seen a notable resurgence with incidents doubling from 8 in 2019 up to 17 in 2022. Meanwhile, vandalism peaked at 30 cases in 2018 but fell to 16 by 2022. Overall, while certain crimes like B&E and arson have spiked, the total property crime rates appear to be on a general decline, potentially indicating improved local security measures or socio-economic factors at play.
Demographics
Mifflin County, Pennsylvania has a fairly balanced gender split with slightly more females than males. Educational attainment trends indicate a large segment of the adult population holding only a high school diploma. The age distribution suggests an aging population, with substantial numbers in the 55 to 64 and 65 to 74-year age brackets. Racial diversity appears minimal, with a predominantly White population and very small percentages of other racial groups. These demographic trends may... Read more
Race Distribution in Mifflin County, Pennsylvania (2022)
Educational Attainment in Mifflin County, Pennsylvania (2022)
Age Distribution in Mifflin County, Pennsylvania
Citizen Population in Mifflin County, Pennsylvania (2022)
Political Trends & Data
Mifflin County, Pennsylvania leans significantly Republican, with the GOP securing roughly 77.5% of the vote in the 2020 Presidential Election. The Democratic candidate trailed behind with about 21.4%, and the Libertarian presence was minimal at around 1.1%. This political landscape might influence local policies and community attitudes, making it crucial for potential residents or investors to understand these... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mifflin County, Pennsylvania, the 2020 U.S. Presidential Election saw a significant lean towards the Republican candidate, who secured roughly 77.5% of the vote. The Democrat contender garnered around 21.4%, while the Libertarian presence was minimal at approximately 1.1%. The data suggests that Mifflin County is predominantly Republican-leaning with little to no support for Green or other third-party candidates.
77.53% of voters voted for the Republican party in the 2020 Presidential Election
21.41% of voters voted for the Democrat party in the 2020 Presidential Election
1.07% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Mifflin County, Pennsylvania, has seen its student-to-teacher ratio drop from 13 in 2014 to just over 11 in 2023, consistently staying below the national average of fourteen. This suggests more personalized student attention, making the area attractive for families and appealing for real estate agents. Lower student-to-teacher ratios could also boost property values, offering advantages for appraisers and insurance... Read more
Student-to-teacher ratio in Mifflin County, Pennsylvania over the last 10 years
Mifflin County, Pennsylvania has consistently boasted a student-to-teacher ratio below the national average of fourteen over the last decade, indicating potentially more personalized attention for students. This trend has seen a steady decline from 13 in 2014 to just over 11 in 2023. Investors and real estate agents might find this appealing when highlighting the quality of education in the area, while prospective residents might appreciate the potential for smaller class sizes. Lower student-to-teacher ratios can also positively impact property values, benefiting appraisers and insurance agents.
