Monroe County Real Estate and Livability Trends
Monroe County, Pennsylvania, has seen average taxable income grow from $51,065.58 in 2013 to $66,961.40 by 2021, reflecting potential economic growth. Median home values surged to $221,100 in 2022 from $167,000 in 2018, potentially outperforming national trends. With a notable focus on energy efficiency, residential energy tax credits spiked to $3,088.46 in 2018 before stabilizing around... Read more
Monroe County Market Trends
Monroe County, Pennsylvania, has seen a remarkable rise in median home values, climbing to $221,100 in 2022 from $167,000 in 2018, which aligns with state trends but slightly outperforms national figures. Energy efficiency appears to be a growing focus, with average residential energy tax credits spiking to $3,088.46 in 2018 before stabilizing around $1,354.29 by 2021, signaling substantial... Read more
Median Value of Occupied Housing Units in Monroe County, Pennsylvania Over the Last 8 Years
Monroe County, Pennsylvania has shown a significant upward trend in median home values over the last 8 years, culminating in a jump to $221,100 in 2022 from $167,000 in 2018. Compared to Pennsylvania's state average and the national average, Monroe County is closely aligned with state trends but slightly above national figures, providing a potentially attractive market for real estate investment and development. Aspiring homeowners and investors might find Monroe County's growth indicative of a solid investment given its outpacing of national housing value trends.
Residential Energy Tax Credit Per Tax Return in Monroe County, PA Over the Last 9 Years
Over the past nine years in Monroe County, Pennsylvania, there's been a noticeable fluctuation in the average residential energy tax credit per tax return. Tax credits saw moderate amounts between $391.86 and $472.55 from 2013 to 2016, but 2017 showed a significant leap to $717.11. The spike continued exponentially in 2018 at $3,088.46, indicating a potential surge in energy-efficient home improvements or related incentives. While the credit amount dropped to $1,091.40 in 2019, it remained considerable through 2021 at $1,354.29. These shifts suggest a growing focus on energy efficiency, making Monroe County a compelling area for real estate investments focused on sustainable living.
Average Real Estate Taxes Per Tax Return in Monroe County, PA Over the Last 10 Years
Monroe County, Pennsylvania has seen a gradual increase in average real estate taxes per tax return over the past decade, starting from $5,660.06 in 2012 and peaking at $6,986.99 in 2019. Although there was a slight dip in 2020, the figures stabilized around $6,762.08 in 2021. This upward trend might suggest rising property values or increased tax rates, which stakeholders like property developers and real estate agents should consider when assessing the market. It’s also useful information for potential homebuyers and investors for financial planning.
Percentage of Farm Returns in Monroe County, PA Over the Last 10 Years
The percentage of farm tax returns in Monroe County, Pennsylvania has seen minor fluctuations over the past decade, hovering around 0.18%. It peaked in 2016 at around 0.19% before dipping to its lowest point in 2019 at roughly 0.16%. Farm tax returns are a reflection of the financial activity of agricultural entities in the area, suggesting a relatively stable farming sector with slight variability over time. This information might be valuable for those considering agricultural investments, land development, or relocation, indicating a consistent yet modest farming presence in the region.
Number of Mortgages by Occupancy Type in Monroe County, PA Over the Last 5 Years in Monroe County
Monroe County, Pennsylvania, has seen variations in mortgage counts across different occupancy types over the past five years. Principal residence mortgages have consistently dominated, suggesting a strong demand for primary homes despite a recent dip post-2021. Investment property mortgages nearly doubled from 2018 to 2022, possibly indicating growing investor confidence or an attractive rental market. Second residence mortgages also peaked in 2021 and have since decreased, which might reflect changing buyer priorities or economic factors. These trends could influence market dynamics for investors, buyers, and real estate stakeholders, affecting property values, insurance rates, and investment strategies in the county.
Economic Outlook
In Monroe County, Pennsylvania, average taxable income per tax return has steadily climbed from $51,065.58 in 2013 to $66,961.40 by 2021, potentially signaling economic growth. State and local taxes have also risen from $4,379.76 in 2012 to $8,174.02 in 2021, which might indicate higher incomes or tax rates. Average total tax liability has grown from $7,359.38 in 2012 to $10,106.41 in 2021, reflecting a potentially strengthening local economy. These trends offer key insights for investors,... Read more
Average Taxable Income per Tax Return in Monroe County, PA over the last 9 years
Average taxable income per tax return in Monroe County, Pennsylvania, has seen a steady increase over the past nine years. Starting at $51,065.58 in 2013, it climbed each subsequent year, reaching $66,961.40 by 2021. This upward trend may suggest potential economic growth in the area, presenting possible opportunities for investors, builders, and real estate agents. This can also be a signal for appraisers and insurance agents to re-evaluate property values and coverage accordingly.
Average State and Local Income Taxes Per Tax Return in Monroe County, PA Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Monroe County, Pennsylvania have seen a notable rise. From $4,379.76 in 2012 to $8,174.02 in 2021, the upward trend could suggest increasing incomes or tax rates, impacting decisions around property investment, appraisals, insurance premiums, and overall cost of living. This trend might be a consideration for prospective homeowners, real estate agents, and current residents who are sensitive to tax liabilities.
Average Total Tax Liability Per Tax Return in Monroe County, PA Over the Last 10 Years
Monroe County, Pennsylvania has seen a notable upward trend in average total tax liability per tax return over the past decade. Beginning at approximately $7,359.38 in 2012, this figure has shown consistent growth, reaching around $10,106.41 by 2021. This steady increase could indicate rising incomes and property values in the area, or changes in tax policies that impact residents. For investors, real estate agents, and insurance professionals, this trend might hint at a potentially strengthening local economy and changing financial landscape.
Cost of Living in Monroe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,798 | $1,496 | $1,573 | $1,859 | $1,630 |
| 1 adult 4 children | $1,798 | $1,222 | $1,207 | $1,859 | $1,762 |
| 2 adults 3 children | $1,798 | $1,222 | $1,363 | $1,859 | $1,378 |
| 1 adult 3 children | $1,798 | $998 | $997 | $1,859 | $1,537 |
| 2 adults 2 children | $1,307 | $1,000 | $1,152 | $1,614 | $1,065 |
| 1 adult 2 children | $1,307 | $747 | $786 | $1,614 | $1,119 |
| 2 adults 1 child | $1,307 | $791 | $942 | $820 | $941 |
| 1 adult 1 child | $1,307 | $511 | $576 | $820 | $839 |
| 2 adults | $993 | $635 | $731 | $0 | $723 |
| 1 adult | $986 | $346 | $366 | $0 | $625 |
Safety trends & Data
Monroe County, Pennsylvania, has seen notable fluctuations in property crimes over the past five years. Notably, larceny-theft peaked in 2018 with 781 reported cases but declined to 374 in 2022. Burglary dropped from 61 incidents in 2018 to 20 by 2021, only to slightly rise to 53 in 2022. Crimes involving forgery and counterfeiting surged in 2021 with 140 cases, up from just 10 in 2020, indicating potential economic distress. The declining burglary rates may be promising for insurance agents... Read more
Property Crime Trends in Monroe County, PA Over the Last 5 Years
Monroe County, Pennsylvania, has seen notable fluctuations in various property crime categories over the past five years. Most strikingly, larceny-theft has consistently been the most frequent crime, peaking in 2018 with 781 reported cases but generally declining each year to 374 in 2022. Burglary also experienced a significant drop, from 61 incidents in 2018 to 20 by 2021, and only slightly increasing to 53 in 2022. Interestingly, crimes involving forgery and counterfeiting saw an uptick in 2021 with 140 cases, up from just 10 in 2020, indicating possible economic distress. Insurance agents and appraisers might find the declining burglary rates promising, although the fluctuations in fraud and embezzlement warrant cautious consideration for potential investors.
Demographics
Monroe County, Pennsylvania, presents a balanced gender distribution with slightly more females than males. In terms of educational attainment, a substantial portion of the population has completed high school, though a notable number have attended some college without earning a degree. The age distribution skews towards a mature demographic, with a significant share of residents being 55 or older. The racial composition is predominantly White, with Black or African American individuals forming... Read more
Race Distribution in Monroe County, Pennsylvania (2022)
Educational Attainment in Monroe County, Pennsylvania (2022)
Age Distribution in Monroe County, Pennsylvania
Citizen Population in Monroe County, Pennsylvania (2022)
Political Trends & Data
Monroe County, Pennsylvania shows slight Democratic leanings with 52.6% of the vote in the 2020 U.S. Presidential Election, while the Republican Party captured 46.2%. The narrow margin between the two major parties suggests it may be a key battleground area in future elections, potentially influencing local political dynamics and voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Monroe County, Pennsylvania, the 2020 U.S. Presidential Election results suggest a slight lean toward the Democratic Party, with about 52.6% of the votes. The Republican Party followed closely behind with approximately 46.2%, making it a competitive area in terms of political preference. The Libertarian Party garnered a small fraction of the vote, around 1.2%, while other parties seemed to have negligible support. This data highlights Monroe County's potential role as a battleground region in future elections, given the narrow margin between the two major parties.
46.20% of voters voted for the Republican party in the 2020 Presidential Election
52.56% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Monroe County, Pennsylvania, has consistently maintained student-to-teacher ratios below the national average, hovering around twelve students per teacher over the past decade and even dipping to eleven students in 2021. This trend could attract families prioritizing personalized education, potentially boosting property values. Real estate agents and investors might see higher demand and stability in the residential market given the area's well-regarded schooling... Read more
Student-to-teacher ratio in Monroe County, Pennsylvania over the last 10 years
Monroe County, Pennsylvania, has seen generally low student-to-teacher ratios over the past decade, consistently below the national average of fourteen students per teacher. From 2014 to 2023, the ratio has fluctuated but largely remained around twelve, with a notable dip in 2021 to around eleven students per teacher. This relatively low ratio could be appealing for families prioritizing personalized education and could also boost property values, as nearby schools are seen as more desirable. Real estate agents and investors might find this trend attractive as it implies well-regarded schooling options, potentially leading to higher demand and stability in the residential market.
