Potter County Real Estate and Livability Trends
Potter County, Pennsylvania has seen a steady rise in average taxable income from $43,947.72 in 2013 to $57,470.63 in 2021, which could reflect growing economic opportunities. Home values have increased by 33.57% over eight years, though still trailing state and national growth. Significant gains in the average residential energy tax credit per tax return indicate a rising interest in... Read more
Potter County Market Trends
Over the past eight years, the median home values in Potter County, Pennsylvania, went from $101,200 to $135,200, a 33.57% increase, lagging slightly behind the state and national averages. Interestingly, Potter County's average residential energy tax credit per tax return shot up from $283.33 in 2019 to $607.69 in 2021, hinting at a growing interest in energy-efficient home improvements.... Read more
Median Value of Occupied Housing Units in Potter County, Pennsylvania Over the Last 8 Years
Over the past eight years, the median home values in Potter County, Pennsylvania, appreciated notably from $101,200 in 2015 to $135,200 in 2022. While Potter County saw its home values increase by around 33.57%, this growth is still modest compared to Pennsylvania's statewide median, which surged from $166,000 to $226,200—an increase of roughly 36.14%. Even more striking, the national median home value went up from $125,500 to $179,400 during the same period, reflecting a growth rate of approximately 42.98%. These trends suggest that while Potter County's housing market is heating up, it's still relatively more affordable compared to broader state and national trends, potentially offering investment opportunities or more attainable homeownership for new buyers.
Residential Energy Tax Credit Per Tax Return in Potter County, PA Over the Last 8 Years
Potter County, Pennsylvania, has experienced a fluctuating trend in residential energy tax credits per tax return over the past eight years. Notably, there's been a significant increase from 2019 to 2021, with the average credit jumping from around $283.33 in 2019 to $607.69 in 2021. This uptrend could suggest rising investments in energy-efficient home improvements, possibly driven by heightened awareness of sustainability or available incentives. For investors, real estate agents, and those in the insurance sector, this shift may indicate growing market interest in eco-friendly properties, potentially boosting property values and influencing insurance premiums.
Average Real Estate Taxes Per Tax Return in Potter County, PA Over the Last 10 Years
In Potter County, Pennsylvania, average real estate taxes per tax return have seen a marked upward trend over the past decade. Starting from $2,847.17 in 2012, they rose steadily through the early 2010s, hitting $3,227.37 by 2016. A notable spike appears from 2017 to 2019, with an appreciable jump to $4,477.78 in 2018, peaking at $4,662.50 in 2019 before slightly decreasing and stabilizing around $4,515.38 in 2021. This rise might signal growing property values or increased tax levies, potentially impacting investment decisions, property valuations, and insurance premiums in the area.
Percentage of Farm Returns in Potter County, PA Over the Last 10 Years
The percentage of farm tax returns in Potter County, Pennsylvania has shown a fairly consistent pattern over the last decade, varying between roughly 3.74% and 4.30%. Farm tax returns generally relate to the annual income declaration filed by farm owners for tax purposes, which can be a useful indicator of the area's agricultural activity. This trending data suggests a stable agricultural economy, which might be of interest to potential investors and residents considering the reliable presence of active farms in the county. Those looking to build property in Potter County might see potential in its entrenched farming community, reflecting both an essential component of the local economy and a possible source of steady investment returns.
Number of Mortgages by Occupancy Type in Potter County, PA Over the Last 5 Years in Potter County
Over the last five years in Potter County, Pennsylvania, there appears to be a steady demand for principal residences, with mortgage counts fluctuating slightly but generally remaining high. Investment property mortgages have remained relatively stable but low, indicating a potentially moderate market for real estate investors. Interestingly, second residence mortgages saw a noticeable peak in 2020, suggesting temporary increased interest in vacation or secondary homes during that period. Changes in occupancy type can significantly impact property value trends and risk assessments, important for investors, insurance agents, and appraisers. For those looking to move or invest, these trends may hint at where the market is more competitive or where there could be growth opportunities.
Economic Outlook
In Potter County, Pennsylvania, the average taxable income per tax return has generally increased from $43,947.72 in 2013 to $57,470.63 in 2021, despite some minor fluctuations. This suggests a potential rise in residents' earning capacity and may indicate economic growth. The average state and local income taxes per tax return also surged dramatically from $5,154.00 in 2012 to $9,772.73 by 2021, with a significant jump between 2017 and 2018. Combined, these trends highlight a dynamic financial... Read more
Average Taxable Income per Tax Return in Potter County, PA over the last 9 years
The average taxable income per tax return in Potter County, Pennsylvania has shown a general upward trend over the past nine years. From $43,947.72 in 2013, it increased to $57,470.63 by 2021, with some fluctuations, such as a dip in 2016 to $45,631.22. This upward trajectory might be indicative of economic growth or higher earning capacity among residents. Although there were minor decreases in certain years, the significant rise between 2013 and 2021 suggests an overall increase in the financial well-being, making it an attractive consideration for potential investors and real estate professionals looking for upward mobility in their investments.
Average State and Local Income Taxes Per Tax Return in Potter County, PA Over the Last 10 Years
Average state and local income taxes per tax return in Potter County, Pennsylvania have shown a notable increase over the last decade, starting at $5,154.00 in 2012 and rising significantly to $9,772.73 by 2021. The most dramatic spike occurred between 2017 and 2018, jumping from $5,727.91 to $11,575.00. This data might suggest a combination of rising incomes, policy changes, or other economic factors impacting taxable income in the area. These trends could be key for potential investors, real estate agents, and insurance analysts interested in understanding the financial landscape and overall economic health of Potter County.
Average Total Tax Liability Per Tax Return in Potter County, PA Over the Last 10 Years
Potter County, Pennsylvania, has experienced significant fluctuations in average total tax liability per tax return over the past decade. Peaking at $9,860.95 in 2015 and dipping to $6,704.29 in 2013, the variability in tax liability suggests a dynamic economic landscape. Notable shifts in tax liability could be attributed to changing income levels, local economic conditions, or tax policy changes, making it essential for potential investors, real estate agents, and those looking to move to the area to keep abreast of these trends. For insurance agents and property appraisers, understanding these fluctuations can aid in better advising clients and more accurately assessing property values.
Cost of Living in Potter County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,042 | $1,508 | $1,854 | $1,451 | $1,234 |
| 1 adult 4 children | $1,042 | $1,232 | $1,415 | $1,451 | $1,321 |
| 2 adults 3 children | $1,042 | $1,232 | $1,610 | $1,451 | $1,015 |
| 1 adult 3 children | $1,042 | $1,006 | $1,171 | $1,451 | $1,076 |
| 2 adults 2 children | $821 | $1,008 | $1,366 | $1,261 | $883 |
| 1 adult 2 children | $821 | $753 | $927 | $1,261 | $808 |
| 2 adults 1 child | $821 | $797 | $1,122 | $641 | $781 |
| 1 adult 1 child | $821 | $515 | $683 | $641 | $644 |
| 2 adults | $624 | $640 | $878 | $0 | $633 |
| 1 adult | $605 | $349 | $439 | $0 | $527 |
Safety trends & Data
Potter County, Pennsylvania has experienced significant fluctuations in property crime over the past five years. Burglary incidents decreased to as low as 3 in 2020 but rose again to 16 in 2021 before settling at 12 in 2022. Larceny-Theft cases have escalated sharply, from 9 in 2020 to 93 in 2022, indicating a potential growing issue. Vandalism peaked at 39 incidents in 2022, while Motor Vehicle Theft and Fraud have shown sporadic increases, hinting at emerging concerns. These trends can... Read more
Property Crime Trends in Potter County, PA Over the Last 5 Years
Potter County, Pennsylvania has seen notable shifts in its property crime trends over the last five years. Burglary incidents initially dropped from 17 in 2018 to a low of 3 in 2020, but rebounded to 16 in 2021 and then slightly decreased to 12 in 2022. Larceny-Theft cases surged dramatically from 9 in 2020 to 72 in 2021 and further to 93 in 2022, suggesting a growing issue in this category. Vandalism remains a persistent problem with its peak in 2022 at 39 incidents. Motor Vehicle Theft and Fraud have shown sporadic increases, which could point to emerging concerns in these areas. These trends are crucial for investors, real estate agents, appraisers, and anyone interested in the local real estate market, as they indicate potential risk areas.
Demographics
Potter County, Pennsylvania exhibits a relatively balanced gender ratio, with males slightly outnumbering females. The educational landscape shows a significant number of residents holding high school diplomas or higher, yet a notable portion of the population does not progress beyond high school. Age distribution highlights a substantial older demographic, particularly those 55 years and older. Racially, the county is predominantly White with minimal representation from other racial groups.... Read more
Race Distribution in Potter County, Pennsylvania (2022)
Educational Attainment in Potter County, Pennsylvania (2022)
Age Distribution in Potter County, Pennsylvania
Citizen Population in Potter County, Pennsylvania (2022)
Political Trends & Data
Potter County, Pennsylvania, shows a strong leaning toward the Republican party in the 2020 U.S. Presidential Election results, with Democrats receiving substantially fewer votes. This political landscape could hint at a predominantly conservative voter base, where third-party and alternate candidates find it challenging to gain... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Potter County, Pennsylvania, the 2020 U.S. Presidential Election results show a strong leaning toward the Republican party, potentially reflecting a predominantly conservative voter base. Democrats received significantly fewer votes, while Libertarians and other parties barely made a mark. This could suggest that third-party and alternate candidates struggle for traction in this area.
79.87% of voters voted for the Republican party in the 2020 Presidential Election
19.04% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the past decade, Potter County, Pennsylvania has seen the student-to-teacher ratio peak at 12.93 in 2015 and drop to 10.1 in 2022, currently at 10.24. This consistent trend below the national average of fourteen could interest families seeking more personalized attention for students, making the area appealing to real estate investors and developers focusing on educational infrastructure. Such stability in educational metrics might also be a draw for young families considering a... Read more
Student-to-teacher ratio in Potter County, Pennsylvania over the last 10 years
Over the past decade, the student-to-teacher ratio in Potter County, Pennsylvania has fluctuated, with a noticeable dip in recent years. The ratio peaked at 12.93 in 2015 and saw its lowest point at 10.1 in 2022. Currently sitting at 10.24, Potter County's ratio consistently trends below the national average of fourteen, potentially offering more personalized attention to students. This lower ratio might interest families considering moving to the area, investors in local educational infrastructure, and those involved in property development or real estate, as it suggests stability and a potentially attractive feature for young families.
