Montgomery County Real Estate and Livability Trends
Montgomery County, Pennsylvania has seen a substantial surge in average taxable income from $95,390.01 in 2013 to $146,586.77 in 2021, reflecting an affluent local economy that might attract investors and developers keen on economic health. Concurrently, median home values in the county increased from $292,300 in 2015 to $382,300 in 2022, outpacing both state and national trends. Average real... Read more
Montgomery County Market Trends
Montgomery County, Pennsylvania has experienced a consistent rise in median home values from $292,300 in 2015 to $382,300 in 2022, significantly outpacing both state and national averages. Residential energy tax credits fluctuated markedly, peaking at $2,941.44 in 2018, indicating potential incentives for energy-efficient home investments. The average real estate taxes have also increased notably... Read more
Median Value of Occupied Housing Units in Montgomery County, Pennsylvania Over the Last 8 Years
Over the past eight years, the median home values in Montgomery County, Pennsylvania have demonstrated a steady increase from $292,300 in 2015 to $382,300 in 2022. This rise significantly outpaces both the state average, where home values increased from $166,000 to $226,200, and the national average, which shifted from $125,500 to $179,400 in the same period. Such insights may suggest that Montgomery County could be a lucrative region for potential homebuyers or investors seeking steady property value appreciation in Pennsylvania.
Residential Energy Tax Credit Per Tax Return in Montgomery County, PA Over the Last 9 Years
Montgomery County, Pennsylvania has witnessed dramatic fluctuations in the average residential energy tax credit per tax return over the past nine years. Notably, 2018 saw an unprecedented spike to $2,941.44, likely driven by significant investment in energy-efficient upgrades or renewable energy installations. While other years like 2017 and 2021 experienced noticeable but more modest increases to $686.86 and $938.30 respectively, the overall trend suggests varying but meaningful incentives for homeowners inclined towards energy efficiency. This could be a compelling indicator for potential investors, real estate agents, and homebuilders looking to capitalize on the area's evolving focus on sustainable living and energy cost reduction.
Average Real Estate Taxes Per Tax Return in Montgomery County, PA Over the Last 10 Years
Montgomery County, Pennsylvania, has seen a notable increase in average real estate taxes per tax return over the past decade. From $6,335.70 in 2012 to $9,668.39 in 2021, the continuous rise could affect investment decisions, property development, and real estate market dynamics. Understanding these trends is crucial for potential buyers and professionals in the real estate and insurance sectors who must factor in these growing costs.
Percentage of Farm Returns in Montgomery County, PA Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Montgomery County, Pennsylvania has shown a slight but noticeable decline, beginning at approximately 0.10% in 2012 and dipping to around 0.09% by 2021. This steady decrease could suggest evolving agricultural trends or shifts in the local economy. For those looking to invest or settle in the area, it's worth considering how these subtle changes in agricultural presence might impact the local market and land use dynamics.
Number of Mortgages by Occupancy Type in Montgomery County, PA Over the Last 5 Years in Montgomery County
Trends in Montgomery County, Pennsylvania show a significant dominance of principal residence mortgages, with numbers peaking at over 70,000 in 2021 and generally indicating a robust primary homeowner market. Investment properties, though experiencing growth from 2018 (1,635) to 2021 (2,968), remain a smaller segment, which might hint at a cautious but rising interest in rental opportunities or potential property flipping, relevant for investors. Second residences maintain a consistently low profile, suggesting limited demand in this category possibly due to the region's primary appeal for full-time residents rather than vacation spots. These shifts in occupancy types could signal varying degrees of housing stability and future market potential, essential insights for investors, developers, and real estate professionals considering market dynamics in Montgomery County.
Economic Outlook
Montgomery County, Pennsylvania, has witnessed a significant rise in average taxable income per tax return from $95,390.01 in 2013 to $146,586.77 by 2021, hinting at an increasingly affluent local economy. This uptick might catch the attention of investors and developers interested in the region's economic vitality. Over the same period, average state and local income taxes per return jumped from $8,637.49 to $19,266.65, possibly reflecting growing resident wealth but also increasing tax... Read more
Average Taxable Income per Tax Return in Montgomery County, PA over the last 9 years
Montgomery County, Pennsylvania has seen a notable upward trend in average taxable income per tax return over the past nine years. Starting at $95,390.01 in 2013, the figure rose significantly to $146,586.77 by 2021, reflecting a general increase in affluence among residents. This substantial growth in income may suggest a robust local economy and could be attractive to potential investors, developers, real estate agents, and others with interests in the area. However, it is worth noting some fluctuations, such as the slight dip in 2016 and 2019, which might indicate varying economic conditions that should be considered.
Average State and Local Income Taxes Per Tax Return in Montgomery County, PA Over the Last 10 Years
Montgomery County, Pennsylvania, has seen a marked increase in average state and local income taxes per tax return over the past decade. Starting at $8,637.49 in 2012, the average surged to $19,266.65 by 2021. This sharp rise may indicate growing wealth in the area but could also pose challenges for residents concerned with tax burden. Such trends can be crucial for potential investors, homeowners, real estate agents, and other stakeholders when evaluating the economic landscape and fiscal responsibilities tied to properties within the county.
Average Total Tax Liability Per Tax Return in Montgomery County, PA Over the Last 10 Years
Average total tax liability per tax return in Montgomery County, Pennsylvania has shown a notable upward trend over the past decade, peaking dramatically in 2021 at $32,961.66. This suggests increasing overall income levels or possibly changes in state and federal tax policies affecting residents. Such data is likely valuable for real estate agents, investors, and appraisers who need to gauge the financial landscape. For those considering moving to or doing business in Montgomery County, these figures provide insights into the area's economic environment, reflecting potentially higher disposable incomes and robust economic activity.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,016 | $1,741 | $1,570 | $2,745 | $2,107 |
| 1 adult 4 children | $2,016 | $1,422 | $1,205 | $2,745 | $2,223 |
| 2 adults 3 children | $2,016 | $1,423 | $1,360 | $2,745 | $1,858 |
| 1 adult 3 children | $2,016 | $1,161 | $995 | $2,745 | $2,012 |
| 2 adults 2 children | $1,656 | $1,164 | $1,150 | $2,382 | $1,504 |
| 1 adult 2 children | $1,656 | $870 | $785 | $2,382 | $1,579 |
| 2 adults 1 child | $1,656 | $920 | $940 | $1,204 | $1,142 |
| 1 adult 1 child | $1,656 | $594 | $575 | $1,204 | $1,106 |
| 2 adults | $1,372 | $739 | $730 | $0 | $837 |
| 1 adult | $1,218 | $403 | $365 | $0 | $691 |
Safety trends & Data
Montgomery County, Pennsylvania, has experienced varying levels of property crime over the past five years. Larceny - Theft was the most common offense, peaking at 2,259 instances in 2018 before decreasing to 1,644 in 2022. Burglary arrests dropped significantly in 2019 but slightly rebounded by 2022. Arson and Embezzlement remained low but showed some minor fluctuations. Vandalism and Motor Vehicle Theft levels have been relatively stable, suggesting a consistent risk for residents and... Read more
Property Crime Trends in Montgomery County, PA Over the Last 5 Years
Property crime data in Montgomery County, Pennsylvania over the past five years suggests notable fluctuations across different crime categories. Larceny - Theft has consistently been the most prevalent offense, peaking at 2,259 instances in 2018 and experiencing a relative decrease to 1,644 in 2022. Burglary arrests saw a significant dip in 2019 but slightly rebounded by 2022. Although incidents of Arson and Embezzlement remained relatively low, their numbers displayed minor variability. Property-related offenses like Vandalism and Motor Vehicle Theft did not exhibit drastic changes, implying a somewhat steady risk level for residents and property investors.
Demographics
Montgomery County, Pennsylvania's demographic landscape reveals interesting age and gender experiences. There is a slight female majority among adults, possibly influencing local businesses and services catering to specific needs. Educational attainment figures highlight a fairly well-educated population, with a significant proportion holding bachelor's or graduate degrees, potentially driving the local economy and job market trends. The age distribution shows a broad spread across age groups,... Read more
Race Distribution in Montgomery County, Pennsylvania (2022)
Educational Attainment in Montgomery County, Pennsylvania (2022)
Age Distribution in Montgomery County, Pennsylvania
Citizen Population in Montgomery County, Pennsylvania (2022)
Political Trends & Data
Montgomery County, Pennsylvania, has exhibited a pronounced Democratic tilt, with Democrats potentially securing about 62.6% of the vote in the 2020 U.S. Presidential Election. Republicans garnered an estimated 36.4%, and Libertarians just over 1%. This trend indicates a solid Democratic preference, potentially shaping future political strategies and campaign efforts in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Montgomery County, Pennsylvania showed a significant preference for Democratic candidates in the 2020 U.S. Presidential Election, with Democrats potentially securing around 62.6% of the vote compared to Republicans' approximate 36.4%. Libertarians claimed a small share at just over 1%, while Green Party and other candidates did not manage to capture notable support. This distribution might suggest strong Democratic leanings in the region, a trend that could influence future electoral strategies and campaign focus in Pennsylvania.
36.35% of voters voted for the Republican party in the 2020 Presidential Election
62.63% of voters voted for the Democrat party in the 2020 Presidential Election
1.02% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Montgomery County, Pennsylvania has maintained a consistent student-to-teacher ratio around 13 students per teacher, slightly surpassing the national average of 14 students per teacher. This could be an appealing factor for families focused on educational quality and may also serve as a compelling point for investors and real estate agents looking to highlight the area's commitment to maintaining smaller classroom... Read more
Student-to-teacher ratio in Montgomery County, Pennsylvania over the last 10 years
Montgomery County, Pennsylvania has seen a steady decrease in its student-to-teacher ratio over the past decade, dropping from 13 students per teacher in 2014 to about 13 students per teacher in 2023. This is slightly better than the current national average of 14 students per teacher, which may suggest a potential advantage for educators and students in the area. This trend could be an important consideration for families prioritizing educational quality, as well as for investors and real estate agents highlighting the area's commitment to maintaining lower classroom sizes.
