Pike County Real Estate and Livability Trends
In Pike County, Pennsylvania, the average taxable income per tax return has surged from $53,877.20 in 2013 to $77,180.97 in 2021, hinting at expanding economic opportunities and a potentially growing affluent demographic. Median home values have consistently risen from $183,200 in 2015 to $225,100 in 2022, reflecting broader state trends but with less dramatic increases compared to national... Read more
Pike County Market Trends
Median home values in Pike County, Pennsylvania, have experienced a consistent rise from $183,200 in 2015 to $225,100 in 2022, reflecting broader state trends but with less dramatic jumps compared to national figures. The residential energy tax credit peaked dramatically in 2018 at $1,566.67, stabilizing around $600-$1,000 thereafter, hinting at significant policy or incentive shifts that year.... Read more
Median Value of Occupied Housing Units in Pike County, Pennsylvania Over the Last 8 Years
Median home values in Pike County, Pennsylvania, have shown a notable upward trend over the last eight years, climbing from $183,200 in 2015 to $225,100 in 2022. This local growth closely mirrors the overall market trajectory seen across Pennsylvania, which saw values increase from $166,000 to $226,200 in the same period. However, Pike County's starting point was higher and its growth less aggressive compared to national figures, where the median home value rose from $125,500 to $179,400. This suggests Pike County offers a more stable investment climate with less volatility, likely appealing to those seeking enduring property value in a competitive market.
Residential Energy Tax Credit Per Tax Return in Pike County, PA Over the Last 9 Years
The average residential energy tax credit per tax return in Pike County, Pennsylvania, has seen notable fluctuations over the past nine years, peaking dramatically in 2018 at $1,566.67 and then stabilizing around the $600-$1,000 range in the subsequent years. This trend hints at potential incentives or policy changes that occurred around 2018, making it an intriguing period for investors and developers interested in sustainable living solutions. Additionally, the overall upward trend, aside from the 2018 anomaly, suggests increasing energy-efficient upgrades among homeowners, which could be a selling point for real estate agents and a consideration for appraisers and insurance agents dealing with property valuations and risk assessments.
Average Real Estate Taxes Per Tax Return in Pike County, PA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Pike County, Pennsylvania have seen a notable upward trend. Starting at around $4,220.68 in 2012, they have gradually increased each year, reaching approximately $6,381.05 by 2021. This consistent rise, especially the significant jumps from 2017 to 2018 and again from 2019 to 2020, suggests potential implications for property valuation and investment strategies in the area. Individuals looking to invest, move, or work in real estate in Pike County should consider these increasing tax trends as part of their financial planning and property appraisals.
Percentage of Farm Returns in Pike County, PA Over the Last 10 Years
Over the last 10 years, the percentage of farm tax returns in Pike County, Pennsylvania, has fluctuated between approximately 0.11% and 0.19%. Notably, 2014 saw the highest rate at roughly 0.19%, indicating a peak in farm-related financial activities. On the other hand, more recent years like 2020 and 2021 show a stabilization around 0.11% to 0.12%. Farm tax returns are essential for understanding the agricultural economy of the county, signaling how many farm operations are profitable enough to file taxes. Investors, potential movers, and current residents might find these trends valuable when considering the local economic landscape and agricultural investment opportunities.
Number of Mortgages by Occupancy Type in Pike County, PA Over the Last 5 Years in Pike County
In Pike County, Pennsylvania, the mortgage counts for principal residences have seen fluctuations, peaking notably in 2021 with 5177 mortgages and falling to 3834 in 2022. Investment properties and second residences have also exhibited variability, with investment property mortgages dropping from 242 in 2021 to 201 in 2022, and second residences showing a significant decrease from 1265 in 2021 to 700 in 2022. These shifts in occupancy type mortgages could signal changing consumer preferences or economic conditions impacting purchasing decisions, which is valuable for investors, appraisers, and real estate agents discerning market health, risks, and opportunities for development. Understanding these trends could influence decisions on where to build properties or how to approach the market in terms of insurance and investments.
Economic Outlook
In Pike County, Pennsylvania, the average taxable income per tax return has climbed from $53,877.20 in 2013 to $77,180.97 in 2021, hinting at expanding economic opportunities and a potentially growing affluent demographic. Concurrently, state and local income taxes per tax return have risen from $4,341.15 to roughly $9,590.18, with significant jumps between 2018 and 2019. Total tax liability per tax return also experienced a steady increase, from $7,897.82 in 2012 to $12,552.22 in 2021. These... Read more
Average Taxable Income per Tax Return in Pike County, PA over the last 9 years
Pike County, Pennsylvania, has seen a notable increase in average taxable income per tax return over the last nine years. Starting at $53,877.20 in 2013, there's a consistent rise, peaking at $77,180.97 in 2021. This upward trend could suggest expanding local economic opportunities and potentially a growing affluent demographic, making the area potentially attractive for investors, real estate agents, and insurance professionals. Higher average incomes may indicate greater purchasing power among residents, which could buoy property values and catalyze further development.
Average State and Local Income Taxes Per Tax Return in Pike County, PA Over the Last 10 Years
Average state and local income taxes per tax return in Pike County, Pennsylvania have demonstrated a steady upward trajectory over the last decade. In 2012, the average stood at approximately $4,341.15, escalating to around $9,590.18 by 2021. Particularly noteworthy were the jumps in 2018 and 2019, with averages rising to $7,496.08 and $8,217.17 respectively. This trend may indicate increasing financial responsibilities for residents and could influence various stakeholders including potential investors, property developers, and local real estate agents looking to gauge economic conditions, as well as appraisers and insurance agents who factor taxes into their assessments.
Average Total Tax Liability Per Tax Return in Pike County, PA Over the Last 10 Years
Over the past decade, average total tax liability per tax return in Pike County, Pennsylvania, has shown a steady rise from $7,897.82 in 2012 to $12,552.22 in 2021. This upward trend could suggest increasing property values or rising incomes in the area, which might be appealing to potential investors or those looking to move. However, higher tax liabilities could also impact affordability and influence insurance rates or appraisal values. This consistent increase may be a key consideration for real estate agents, developers, or anyone planning to build property in the county.
Cost of Living in Pike County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,878 | $1,524 | $1,731 | $1,884 | $1,734 |
| 1 adult 4 children | $1,878 | $1,245 | $1,330 | $1,884 | $1,869 |
| 2 adults 3 children | $1,878 | $1,245 | $1,499 | $1,884 | $1,488 |
| 1 adult 3 children | $1,878 | $1,017 | $1,098 | $1,884 | $1,644 |
| 2 adults 2 children | $1,442 | $1,019 | $1,267 | $1,640 | $1,179 |
| 1 adult 2 children | $1,442 | $761 | $866 | $1,640 | $1,234 |
| 2 adults 1 child | $1,442 | $806 | $1,035 | $846 | $1,017 |
| 1 adult 1 child | $1,442 | $520 | $634 | $846 | $928 |
| 2 adults | $1,095 | $647 | $803 | $0 | $774 |
| 1 adult | $1,088 | $353 | $402 | $0 | $662 |
Safety trends & Data
Pike County, Pennsylvania has seen changing property crime rates over the past five years, with Larceny-Theft consistently leading, peaking at 99 cases in 2022. Burglary incidents dropped to just 1 in 2020 but then increased to 6 in subsequent years. Vandalism spiked to 40 cases in 2019 but has since decreased. Motor Vehicle Theft remains rare but present. These shifting crime patterns could affect property values and insurance rates, hinting at a possible need for better security measures in... Read more
Property Crime Trends in Pike County, PA Over the Last 5 Years
Pike County, Pennsylvania has witnessed fluctuating property crime rates over the past five years, which may impact decisions for potential investors, homeowners, and real estate professionals. Larceny-Theft consistently remains the most prevalent crime, peaking at 99 reported cases in 2022. In contrast, Burglary incidents showed a notable drop in 2020 with just 1 report but increased again to 6 reports in the following years. Cases of Vandalism spiked to 40 in 2019 but decreased significantly afterward. Interestingly, some crimes like Motor Vehicle Theft remain relatively rare but still present. These trends suggest changing patterns in crime that could influence property values and insurance rates, potentially signaling a need for enhanced security measures in the area.
Demographics
Pike County, Pennsylvania exhibits a relatively balanced gender composition with nearly an even split between male and female residents. The population leans predominantly white, constituting the vast majority, though there are small but notable representations of Black or African American and Asian residents. Education levels show a significant portion of the adult population holding at least a high school diploma, with around half of these continuing to attain some college education or... Read more
Race Distribution in Pike County, Pennsylvania (2022)
Educational Attainment in Pike County, Pennsylvania (2022)
Age Distribution in Pike County, Pennsylvania
Citizen Population in Pike County, Pennsylvania (2022)
Political Trends & Data
In Pike County, Pennsylvania, real estate trends might be partly influenced by its predominantly conservative voter base, with Republicans securing nearly 60% of votes in the 2020 U.S. Presidential Election. The area's political climate could play a role in shaping local development priorities and housing market dynamics, potentially affecting buyer preferences and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Pike County, Pennsylvania, the 2020 U.S. Presidential Election trends reveal a stronger Republican presence, with nearly 60% of votes leaning towards the GOP, while Democrats garnered about 40%. The Libertarian Party attracted slightly under 1% of voters, and other parties had negligible or no representation. This data suggests a predominantly conservative voter base with limited traction for third parties.
59.02% of voters voted for the Republican party in the 2020 Presidential Election
39.99% 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
The student-to-teacher ratio in Pike County, Pennsylvania, has gradually decreased from roughly 13 students per teacher in 2014 to just over 12 in 2023. This trend of improving educational attention could appeal greatly to families considering the area and may serve as a notable selling point for real estate agents. With current ratios below the national average of 14, the county’s commitment to education may indicate a desirable living environment, potentially boosting property values for... Read more
Student-to-teacher ratio in Pike County, Pennsylvania over the last 10 years
The student-to-teacher ratio in Pike County, Pennsylvania, has shown a gradual decrease over the past decade, moving from approximately 13 students per teacher in 2014 to just over 12 in 2023. This trend of lowering student-to-teacher ratios could suggest improving educational attention to individual students, which might appeal to families considering moving to the area. For real estate agents, these figures can be a key selling point, highlighting the county's commitment to education. Appraisers and insurance agents might see lowered ratios as indicative of community investment in school resources and infrastructure. Developers and investors might also find this trend attractive, as strong educational stats often correlate with desirable living conditions and could influence property values positively. Notably, the current student-to-teacher ratio in Pike County is below the national average of 14, underscoring its potentially better educational environment compared to other regions.
