Montour County Real Estate and Livability Trends
Montour County, Pennsylvania's real estate market reveals some pivotal trends worth noting. Average taxable income per tax return has seen a significant rise from $62,639.89 in 2013 to $82,435.42 by 2021, hinting at a potentially strong local economy. Housing values peaked at $227,800 in 2022, exceeding state and national medians, pointing to appealing property appreciation for investors.... Read more
Montour County Market Trends
Montour County, Pennsylvania's median housing values have consistently risen, peaking at $227,800 in 2022, surpassing both state and national medians. This growth can be attractive to investors, indicating potentially higher property appreciation. Residential energy tax credits have fluctuated, with notable spikes in 2018 and 2021, possibly reflecting increased investments in energy-efficient... Read more
Median Value of Occupied Housing Units in Montour County, Pennsylvania Over the Last 8 Years
Montour County, Pennsylvania has seen a steady increase in the median value of occupied housing units over the last eight years, peaking at $227,800 in 2022. This growth outpaces both the state median, which reached $226,200 in 2022, and the national median, which was $179,400 the same year. This trend is compelling for potential investors, builders, and residents, hinting at an attractive market dynamics and possibly higher property appreciation in Montour County compared to broader benchmarks.
Residential Energy Tax Credit Per Tax Return in Montour County, PA Over the Last 9 Years
Over the last nine years in Montour County, Pennsylvania, residential energy tax credits per tax return have shown significant fluctuations, with values ranging from about $836.00 to $2,666.67. Notable spikes occurred in 2018 and 2021, potentially indicating increased investments in energy-efficient home improvements during those years. Lower averages in other years suggest more modest levels of energy-related tax credit claims. These variations may interest potential investors, real estate agents, and homeowners considering the financial benefits of energy-efficient renovations.
Average Real Estate Taxes Per Tax Return in Montour County, PA Over the Last 10 Years
Montour County, Pennsylvania, has seen a noticeable climb in average real estate taxes per tax return over the last decade, nearly doubling from around $3,081.68 in 2012 to approximately $5,051.16 in 2021. The sharpest hike occurred between 2017 and 2018, with an increase of nearly 40%, reaching $5,186.27. This trend could indicate rising property values or increased tax rates, making the area potentially more expensive for homeowners but perhaps more lucrative for investors. Those considering investing, building, or operating in Montour County should pay close attention to these escalating costs as they may impact overall investment returns and affordability.
Percentage of Farm Returns in Montour County, PA Over the Last 10 Years
Over the past decade, Montour County, Pennsylvania has seen a relatively stable percentage of farm tax returns, fluctuating between approximately 2.86% and 3.30%. Farm tax returns, critical for gauging agricultural activity and economic contribution, indicate the level of farming income reported by residents. Although slight variations are evident year-to-year, the figures suggest consistency in the county’s agricultural sector, making it a potentially stable area for agricultural investments.
Number of Mortgages by Occupancy Type in Montour County, PA Over the Last 5 Years in Montour County
Montour County, Pennsylvania has seen fluctuations in mortgage counts for various occupancy types over the last five years. Principal residences have consistently dominated the market, peaking at 817 in 2021. The demand for investment properties has shown moderate variation, with a slight uptick to 82 mortgages in 2022. Second residences remain a niche segment, holding steady with minimal changes. Shifts in occupancy type can reveal evolving economic opportunities and housing needs, impacting property values and investment strategies for buyers, builders, and real estate professionals. Such trends can also influence insurance risk assessments and future development planning.
Economic Outlook
Montour County, Pennsylvania has experienced a steady rise in average taxable income per tax return, growing from approximately $62,639.89 in 2013 to around $82,435.42 by 2021, indicating a potentially robust local economy. Average state and local income taxes also increased, with a noticeable peak at $14,254.90 in 2018 and remaining significantly higher than the previous decade at $13,260.47 in 2021. The upward trend in total tax liability, peaking at $14,975.00 in 2017, highlights economic... Read more
Average Taxable Income per Tax Return in Montour County, PA over the last 9 years
Montour County, Pennsylvania has seen a steady upward trend in average taxable income per tax return over the past nine years, growing from approximately $62,639.89 in 2013 to around $82,435.42 by 2021. This growth suggests a potentially robust local economy, which might be an attractive indicator for investors, real estate agents, and developers looking at opportunities in the area. The consistency of this increase could appeal to appraisers and insurance agents assessing property values, while residents and those considering a move may find the data indicative of increasing prosperity and potentially higher property values.
Average State and Local Income Taxes Per Tax Return in Montour County, PA Over the Last 10 Years
Average state and local income taxes per tax return in Montour County, Pennsylvania have exhibited a notable upward trend over the past decade. From a low of $7,067.65 in 2012, taxes gradually increased, peaking at $14,254.90 in 2018. Although the most recent years show a slight decline, the taxes still remain significantly higher compared to the earlier part of the decade, standing at $13,260.47 in 2021. This pronounced increase might catch the attention of potential investors and residents, potentially influencing decisions around property investments, real estate transactions, and insurance assessments.
Average Total Tax Liability Per Tax Return in Montour County, PA Over the Last 10 Years
Montour County, Pennsylvania has seen a general upward trend in average total tax liability per tax return over the last decade. Starting at $10,816.06 in 2012, the liability peaked at $14,975.00 in 2017 before stabilizing somewhat just above $14,500.00 in 2021. Noteworthy fluctuations, like the dip to $13,373.25 in 2018, indicate economic variances impacting tax obligations. This trend could suggest economic growth, changes in income levels, or demographic shifts—factors crucial for investors, property developers, and real estate professionals assessing the area’s financial and socio-economic landscape.
Cost of Living in Montour County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,359 | $1,387 | $1,928 | $1,759 | $1,395 |
| 1 adult 4 children | $1,359 | $1,133 | $1,481 | $1,759 | $1,515 |
| 2 adults 3 children | $1,359 | $1,133 | $1,669 | $1,759 | $1,177 |
| 1 adult 3 children | $1,359 | $925 | $1,223 | $1,759 | $1,276 |
| 2 adults 2 children | $956 | $928 | $1,410 | $1,522 | $938 |
| 1 adult 2 children | $956 | $693 | $964 | $1,522 | $913 |
| 2 adults 1 child | $956 | $733 | $1,151 | $753 | $821 |
| 1 adult 1 child | $956 | $474 | $705 | $753 | $689 |
| 2 adults | $836 | $589 | $892 | $0 | $672 |
| 1 adult | $681 | $321 | $446 | $0 | $518 |
Safety trends & Data
Montour County, Pennsylvania has seen a noticeable decline in property crimes in recent years, particularly since 2020. For example, larceny-theft incidents dropped from 25.00 in 2018 to just 5.00 in 2021, before a modest rise to 15.00 in 2022. Motor vehicle thefts have stayed fairly low, peaking at 4.00 in 2021. This trend could be interesting for investors, homebuyers, and insurance agents assessing property risks in the... Read more
Property Crime Trends in Montour County, PA Over the Last 5 Years
Over the past five years in Montour County, Pennsylvania, property crimes have fluctuated, with a notable decrease starting in 2020. For instance, while incidents of larceny-theft were at 25.0 in 2018, they dropped significantly to 5.0 in 2021 before slightly increasing to 15.0 in 2022. Cases of motor vehicle theft have remained relatively low, peaking at 4.0 in 2021. The data suggest a mild but observable trend toward a decrease in overall property crime, which might influence decisions by potential investors, homebuyers, and insurance agents looking at property risk assessments in the area.
Demographics
Montour County, Pennsylvania, shows a fairly balanced gender demographic with a slight female majority among adults. The educational landscape is varied, with a noticeable portion holding at least a high school diploma and a significant number possessing bachelor's or graduate degrees. The age distribution indicates a more even spread, but there's a noteworthy representation from the 55-64 age group. Racially, the county is predominantly White, while other races form a smaller fraction of the... Read more
Race Distribution in Montour County, Pennsylvania (2022)
Educational Attainment in Montour County, Pennsylvania (2022)
Age Distribution in Montour County, Pennsylvania
Citizen Population in Montour County, Pennsylvania (2022)
Political Trends & Data
Montour County, Pennsylvania leaned Republican in the 2020 U.S. Presidential Election, with around 60% of the vote likely going to the GOP. Democratic voters represented about 39%, highlighting a notable, though smaller, presence. The Libertarian vote was minimal at near 2%, with negligible influence from the Green party and other candidates. This political landscape could indicate strong GOP influence, alongside a significant Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Montour County, Pennsylvania, the 2020 U.S. Presidential Election saw Republicans potentially leading with just under 60% of the vote, while Democrats garnered close to 39%. The Libertarian party had a much smaller share, approaching 2% of the vote, and the Green party and other candidates didn't seem to make a notable impact. This distribution might suggest a strong Republican presence in the area, with a significantly smaller, yet noticeable, Democratic constituency.
59.81% of voters voted for the Republican party in the 2020 Presidential Election
38.59% of voters voted for the Democrat party in the 2020 Presidential Election
1.60% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Montour County, Pennsylvania, the student-to-teacher ratio has consistently trended below the national average of 14, ranging from a high of 11 to a low of 9 over the past decade. This could be a positive indicator for potential investors and homebuyers, suggesting a higher quality of education due to more individualized attention per student. Real estate agents can highlight this as a selling point for educational-minded families, while insurance agents and builders might consider it when... Read more
Student-to-teacher ratio in Montour County, Pennsylvania over the last 10 years
Over the last 10 years, the student-to-teacher ratio in Montour County, Pennsylvania has consistently remained below the national average of 14 students per teacher. This ratio has fluctuated slightly, with a high of approximately 11 students per teacher in 2014 and a low of about 9 in years like 2015 and 2021. For investors and those looking to move to Montour County, this could indicate a favorable educational environment with more attention per student, potentially enhancing the quality of education. Appraisers and real estate agents might also consider this a selling point for families prioritizing education. Additionally, insurance agents and builders might use this data to gauge the demand for family-oriented neighborhoods.
