Tioga County Real Estate and Livability Trends
Tioga County, Pennsylvania, has seen a noteworthy increase in average taxable income per tax return from $48,081.59 in 2013 to $59,996.21 in 2021. This economic upturn might influence property values and demand. Median home values reached $165,000 in 2022, lower than Pennsylvania's $226,200 median, suggesting stable investment opportunities. Real estate taxes peaked at $4,809.09 in 2020 before... Read more
Tioga County Market Trends
Median home values in Tioga County, Pennsylvania, rose to $165,000 in 2022, well below Pennsylvania's median of $226,200 and the national median of $179,400. This slower growth suggests stable investment opportunities without rapid appreciation rates seen elsewhere. The average residential energy tax credit in the county surged from $284.38 in 2013 to $970.00 in 2021, likely driven by increased... Read more
Median Value of Occupied Housing Units in Tioga County, Pennsylvania Over the Last 8 Years
Median home values in Tioga County, Pennsylvania, have shown increments over the past eight years, hitting $165,000 in 2022. This is quite moderate compared to Pennsylvania's state median of $226,200 and the national median of $179,400 for the same year. The growth pace in Tioga County is less aggressive, which might suggest relatively stable investment opportunities without the rapid appreciation rates seen elsewhere. For those considering investment or relocation, Tioga County could offer affordability and steady value growth.
Residential Energy Tax Credit Per Tax Return in Tioga County, PA Over the Last 8 Years
In Tioga County, Pennsylvania, the average residential energy tax credit per tax return has been on an upward trajectory over the past eight years. Notably, the credit increased from approximately $284.38 in 2013 to about $970.00 by 2021. The most significant jumps occurred between 2019 and 2021, indicating a rising trend in energy-efficient investments. This spike could likely be due to increased incentives or growing homeowner interest in green energy solutions. For those in real estate, property development, and insurance, this trend may signal a shift towards more sustainable and energy-efficient housing, potentially driving up property values and attracting eco-conscious residents.
Average Real Estate Taxes Per Tax Return in Tioga County, PA Over the Last 10 Years
Over the past decade, Tioga County, Pennsylvania has experienced a steady increase in average real estate taxes per tax return, peaking at $4,809.09 in 2020 before a slight decline to $4,659.52 in 2021. This gradual rise in taxes may indicate a growing demand and property value appreciation in the region. Investors, real estate agents, and potential homeowners might find this trend indicative of a robust real estate market, while appraisers and insurance agents should consider these shifts when evaluating properties in the area.
Percentage of Farm Returns in Tioga County, PA Over the Last 10 Years
Over the past decade in Tioga County, Pennsylvania, farm tax returns have demonstrated a relatively stable trend, fluctuating slightly around 4.2% to 4.7%. This consistency in farm tax returns might imply a reliable agricultural sector, which could be a crucial factor for potential investors or new residents considering the county. For those interested in property or business opportunities, this data could suggest a stable economic environment with a steady contribution from the agricultural community.
Number of Mortgages by Occupancy Type in Tioga County, PA Over the Last 5 Years in Tioga County
In Tioga County, Pennsylvania, over the last five years, there's been a notable fluctuation in mortgage counts across different occupancy types. Principal residences consistently lead in mortgage counts, indicating a strong trend towards owner-occupied properties, which might appeal to families and long-term residents. Investment properties and second residences show lower, yet varying figures, suggesting periodic shifts in investment opportunities or vacation home appeal. These changes could be significant for investors evaluating market saturation or potential returns, appraisers assessing property values, and insurance agents considering risk profiles. Real estate agents and property developers might also find this data useful to tailor their strategies to predominant housing trends.
Economic Outlook
Tioga County, Pennsylvania has demonstrated a general upward trend in average taxable income per tax return, from $48,081.59 in 2013 to $59,996.21 in 2021, hinting at a potentially prosperous market. This growth pattern could influence property values and market demand. State and local income taxes have risen by about 29%, with a significant increase from $5,320.80 in 2012 to $6,880.95 in 2021, which might reflect economic changes or policy adjustments. Average total tax liabilities per tax... Read more
Average Taxable Income per Tax Return in Tioga County, PA over the last 9 years
Tioga County, Pennsylvania has seen fluctuating trends in average taxable income per tax return over the past nine years, with a general upward trajectory. For potential investors and developers, the significant increase from $48,081.59 in 2013 to $59,996.21 in 2021 could indicate a growing and potentially prosperous market. This growth pattern might suggest rising incomes, which can affect property values, insurance premiums, and market demand. Real estate agents and appraisers could find these trends favorable when forecasting future housing market stability and growth. Understanding these income trends will also be beneficial for those considering moving to or residing in Tioga County, as it may reflect on the area's economic health and opportunities.
Average State and Local Income Taxes Per Tax Return in Tioga County, PA Over the Last 10 Years
Over the past decade, Tioga County in Pennsylvania has observed a notable rise in average state and local income taxes per tax return. From $5,320.80 in 2012, taxes slightly fluctuated but generally increased, reaching $6,880.95 by 2021. This 29% overall increase suggests growing tax liabilities, possibly due to economic changes or policy adjustments. For investors, potential residents, and real estate professionals, understanding these trends is crucial for financial planning and gauging the area's economic climate.
Average Total Tax Liability Per Tax Return in Tioga County, PA Over the Last 10 Years
Over the past decade, Tioga County, Pennsylvania has seen fluctuating average total tax liabilities per tax return, typically hovering between $7,000 and $8,000. Despite a slight dip in 2020 to $7,060.59, there's been a notable increase reaching $8,283.52 in 2021. This trend may suggest shifts in local economic conditions, income levels, or tax policies, essential for investors, potential residents, appraisers, and real estate agents to consider.
Cost of Living in Tioga County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,137 | $1,375 | $1,698 | $1,478 | $1,154 |
| 1 adult 4 children | $1,137 | $1,123 | $1,294 | $1,478 | $1,251 |
| 2 adults 3 children | $1,137 | $1,124 | $1,475 | $1,478 | $957 |
| 1 adult 3 children | $1,137 | $917 | $1,071 | $1,478 | $1,030 |
| 2 adults 2 children | $873 | $920 | $1,252 | $1,281 | $836 |
| 1 adult 2 children | $873 | $687 | $849 | $1,281 | $768 |
| 2 adults 1 child | $873 | $727 | $1,029 | $641 | $743 |
| 1 adult 1 child | $873 | $470 | $626 | $641 | $626 |
| 2 adults | $663 | $584 | $807 | $0 | $604 |
| 1 adult | $584 | $319 | $403 | $0 | $501 |
Safety trends & Data
Property crime trends in Tioga County, Pennsylvania have shown fluctuations over the past five years. Larceny-theft remains the most common crime, despite a notable dip in 2020 and 2021, followed by an increase in 2022. Burglary rates experienced a sharp decline in 2020 but have gradually increased since then. Fraud rates are on a general decline, while vandalism exhibits periodic surges. These shifts could affect property values, insurance premiums, and investment decisions, emphasizing the... Read more
Property Crime Trends in Tioga County, PA Over the Last 5 Years
Property crime trends in Tioga County, Pennsylvania have shown varying patterns over the past five years. Larceny-theft is consistently the most common crime, though it saw a notable dip in 2020 and 2021 before rising again in 2022. Burglary has fluctuated with a sharp decline in 2020, followed by gradual increases. Fraud rates have decreased overall, yet Vandalism shows periodic surges. These shifting crime rates could influence property values, insurance premiums, and investment decisions in the area, making it crucial for potential investors and residents to stay informed.
Demographics
In Tioga County, Pennsylvania, the population skews slightly female and shows a predominantly White demographic. Educational attainment varies, with a notable portion having only a high school diploma or some college but no degree. The age distribution indicates a significant number of residents are over 55, possibly pointing to an aging population. This could inform community support services and workforce planning, emphasizing the need for elder care and healthcare... Read more
Race Distribution in Tioga County, Pennsylvania (2022)
Educational Attainment in Tioga County, Pennsylvania (2022)
Age Distribution in Tioga County, Pennsylvania
Citizen Population in Tioga County, Pennsylvania (2022)
Political Trends & Data
Tioga County, Pennsylvania, seems to lean heavily Republican, with approximately 75% of the 2020 Presidential Election votes potentially supporting the GOP. Democrats might have secured around 24%, and third-party candidates, primarily libertarians, captured less than 2%. This lean suggests the area's political landscape is predominantly conservative, hinting at market preferences that might favor conservative-oriented policies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Tioga County, Pennsylvania appears to lean heavily Republican, with nearly 75% of the vote potentially supporting the GOP in the 2020 Presidential Election. Democrats possibly garnered around 24%, while third-party candidates, mainly from the Libertarian Party, seemed to capture less than 2%. This suggests that while there is some level of political diversity, the county likely skews predominantly conservative.
74.70% of voters voted for the Republican party in the 2020 Presidential Election
23.51% of voters voted for the Democrat party in the 2020 Presidential Election
1.79% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Tioga County, Pennsylvania, the student-to-teacher ratio has hovered between twelve and thirteen students per teacher over the past decade. This value remains below the national average of fourteen students per teacher, suggesting a more personalized education environment. Families might find this attractive when considering a move, while investors and real estate agents might use this as a selling point. For appraisers and insurance agents, better-staffed schools could potentially lead to... Read more
Student-to-teacher ratio in Tioga County, Pennsylvania over the last 10 years
Over the past decade in Tioga County, Pennsylvania, the student-to-teacher ratio has mostly ranged between twelve and thirteen students per teacher, showing a slight increase around 2019 but largely staying below the national average of fourteen students per teacher. This relatively low ratio could suggest a more personalized and potentially effective educational environment, which might appeal to families considering moving to the area. For investors and real estate agents, the prospect of better-staffed schools can be a selling point, while appraisers and insurance agents might find this information relevant when evaluating property values. Trends indicating a stable or improving student-to-teacher ratio could influence decisions for those contemplating developing educational facilities or residential housing in the county.
