Wyoming County Real Estate and Livability Trends
Wyoming County, Pennsylvania, has experienced notable economic and real estate changes. Average taxable income rose from $51,916.99 in 2013 to $69,792.14 in 2021, possibly indicating more economic opportunities and higher consumer spending power. Median home values have also climbed, reaching $194,700 in 2022, suggesting strong housing demand although homes remain more affordable than the state... Read more
Wyoming County Market Trends
Wyoming County, Pennsylvania, has seen median home values rise consistently over the past eight years, reaching $194,700 in 2022, making it more affordable yet appreciating faster compared to the state median of $226,200. The residential energy tax credit has fluctuated significantly, with a notable peak at $918.18 in 2019, suggesting evolving policies or energy efficiency investments. Real... Read more
Median Value of Occupied Housing Units in Wyoming County, Pennsylvania Over the Last 8 Years
Wyoming County, Pennsylvania, has seen a consistent rise in median home values over the past eight years, reaching $194,700 in 2022. This is slightly below the state median for Pennsylvania, which hit $226,200 that same year but above the national median of $179,400. This indicates that Wyoming County might offer a more affordable yet appreciating housing market compared to other parts of Pennsylvania, making it an intriguing prospect for investors and prospective homebuyers.
Residential Energy Tax Credit Per Tax Return in Wyoming County, PA Over the Last 8 Years
The residential energy tax credit in Wyoming County, Pennsylvania, has experienced significant fluctuations over the past eight years, starting at around $394.59 in 2013 and peaking at $918.18 in 2019. Recent years have stayed relatively high, with 2021 showing an average of $752.63 per tax return. This variability could indicate evolving energy efficiency investments or policy changes affecting homeowner incentives. Higher credits in recent years might attract potential homebuyers and investors interested in energy-efficient properties, presenting opportunities for real estate agents, appraisers, and insurance agents focusing on green initiatives in the area.
Average Real Estate Taxes Per Tax Return in Wyoming County, PA Over the Last 10 Years
Average real estate taxes per tax return in Wyoming County, Pennsylvania have shown a generally upward trend over the past decade, starting at $3,455.84 in 2012 and rising to $5,702.86 by 2021. Notably, there was a significant jump between 2017 and 2018, from $4,187.70 to $5,302.08, which might be of interest to prospective investors or appraisers trying to understand local tax implications. This consistent increase could affect decisions on property investments, insurance premiums, and overall living costs, making it crucial for real estate agents and potential homeowners to stay informed on how such trends may influence long-term financial planning.
Percentage of Farm Returns in Wyoming County, PA Over the Last 10 Years
Wyoming County, Pennsylvania has seen a slight decline in the percentage of farm tax returns over the past decade. Starting at approximately 1.94% in 2012, there's been a gradual decrease to around 1.63% in 2021. Farm tax returns essentially reflect the number of farmers or farming-related entities filing taxes, offering a glimpse into agricultural activity and economic health in the area. For potential investors, this trend might suggest shifts in the agricultural landscape or economic viability of farming within the county, which could be important for decisions surrounding land investment or residential development focused on a rural lifestyle.
Number of Mortgages by Occupancy Type in Wyoming County, PA Over the Last 5 Years in Wyoming County
Wyoming County, Pennsylvania has shown a consistent dominance of mortgages for principal residences over the past five years, with figures peaking in 2021 at 1,320 and holding a significant lead over investments and second homes. Investment property mortgages, while significantly lower, have seen slight fluctuations, with the highest count in 2022 at 51. Second residences have maintained the smallest share with a gradual rise and fall, illustrating a relatively stable but minor role in the market. Changes in the types of mortgages can shed light on market dynamics: for investors, a rise in principal residence mortgages might signal a strong local housing demand, while fluctuations in investment property mortgages could indicate shifting investor confidence or market opportunities. Understanding these trends helps appraisers, insurance agents, and real estate professionals better gauge market stability and potential growth areas, fostering more informed decisions for both inhabitants and stakeholders.
Economic Outlook
Average taxable income in Wyoming County, Pennsylvania, has generally increased over the past nine years, climbing from $51,916.99 in 2013 to $69,792.14 in 2021. This upward trend suggests rising economic opportunities and potential for higher consumer spending. Accompanying this, state and local income taxes nearly doubled from $4,540.70 in 2012 to $9,088.23 in 2021, reflecting increasing fiscal demands. Additionally, total tax liability has seen fluctuations, peaking at $10,798.78 in 2021,... Read more
Average Taxable Income per Tax Return in Wyoming County, PA over the last 9 years
Average taxable income per tax return in Wyoming County, Pennsylvania, has generally trended upward over the last nine years. Starting at $51,916.99 in 2013, it peaked at $69,792.14 in 2021. This period saw some fluctuations, notably a dip in 2016 to $51,248.66, but overall income levels saw significant growth, suggesting rising economic opportunities and potential for higher consumer spending. Real estate investors, appraisers, and insurance agents might find this appealing as higher incomes can lead to increased property values and premiums. Those considering moving to or investing in Wyoming County could view this trend as an indicator of the area's growing financial health.
Average State and Local Income Taxes Per Tax Return in Wyoming County, PA Over the Last 10 Years
Over the past decade, Wyoming County, Pennsylvania has experienced a notable rise in average state and local income taxes per tax return. In 2012, this figure was approximately $4,540.70, but by 2021 it had nearly doubled to about $9,088.23. There was a particularly sharp increase starting around 2018, when taxes jumped to $7,534.78, maintaining an upward trend since. This trend is important for potential investors, property developers, real estate professionals, and those considering relocation to the area, as it reflects increasing fiscal demands that could impact financial planning and housing market dynamics.
Average Total Tax Liability Per Tax Return in Wyoming County, PA Over the Last 10 Years
Over the past decade, Wyoming County, Pennsylvania has experienced fluctuating average total tax liability per tax return. While 2014 saw a notable increase to $9,639.23, the peak arose in 2021 with a significant climb to $10,798.78. Interestingly, there was a dip in 2016 to $7,603.58, suggesting some variability in economic factors or taxpayer incomes. For investors and stakeholders, these shifts highlight the importance of understanding local economic conditions and their potential impact on financial obligations.
Cost of Living in Wyoming County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,292 | $1,412 | $1,573 | $1,657 | $1,263 |
| 1 adult 4 children | $1,292 | $1,153 | $1,207 | $1,657 | $1,391 |
| 2 adults 3 children | $1,292 | $1,153 | $1,363 | $1,657 | $1,062 |
| 1 adult 3 children | $1,292 | $941 | $997 | $1,657 | $1,167 |
| 2 adults 2 children | $998 | $944 | $1,152 | $1,448 | $904 |
| 1 adult 2 children | $998 | $705 | $786 | $1,448 | $892 |
| 2 adults 1 child | $998 | $746 | $942 | $769 | $818 |
| 1 adult 1 child | $998 | $482 | $576 | $769 | $689 |
| 2 adults | $817 | $599 | $731 | $0 | $641 |
| 1 adult | $699 | $327 | $366 | $0 | $528 |
Safety trends & Data
Wyoming County, Pennsylvania has exhibited notable fluctuations in property crime over the last five years, with larceny-theft incidents climbing to 78 in 2022 from just 5 in 2020. Burglary spiked in 2021 with 23 cases while vandalism rose to 49 incidents in 2022 from a mere 4 two years earlier. Forgery and counterfeiting cases also increased significantly to 24 in 2022. These trends hint at possible shifts in local behavior or law enforcement focus, suggesting an evolving security landscape... Read more
Property Crime Trends in Wyoming County, PA Over the Last 5 Years
Wyoming County, Pennsylvania has shown noticeable fluctuations in property crime over the past five years. The most significant trend is the variable nature of larceny-theft incidents, peaking at 78 cases in 2022 from a low of 5 in 2020. Burglary cases also saw a marked spike in 2021 with 23 incidents. Vandalism trends are on the rise, climbing to 49 cases in 2022 from just 4 in 2020, indicating potential shifts in local behavior or law enforcement focus. Interestingly, cases of forgery and counterfeiting surged to 24 in 2022, a stark increase from previous years. These trends may suggest an evolving security landscape that stakeholders should closely monitor.
Demographics
Wyoming County, Pennsylvania presents an intriguing demographic profile. The adult population features a nearly balanced gender distribution. Educational attainment levels highlight that a considerable portion of the population has at least a high school degree, with many pursuing higher education degrees. The age distribution suggests a fairly even spread among various age groups, though there might be a slight skew toward older adults. Racially, the county appears predominantly White, with... Read more
Race Distribution in Wyoming County, Pennsylvania (2022)
Educational Attainment in Wyoming County, Pennsylvania (2022)
Age Distribution in Wyoming County, Pennsylvania
Citizen Population in Wyoming County, Pennsylvania (2022)
Political Trends & Data
Wyoming County in Pennsylvania witnessed a noticeable Republican dominance in the 2020 U.S. Presidential Election, with Republicans potentially capturing around 66% of the vote. Democrats might have secured a bit over 30%, signaling a significant partisan leaning that could shape local policies and political dynamics. This Republican stronghold may influence community decisions, development priorities, and even property taxes over... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wyoming County in Pennsylvania saw a pronounced tilt towards the Republican party in the 2020 U.S. Presidential Election, with Republicans potentially securing around two-thirds of the vote. Democrats, on the other hand, possibly garnered a little over 30%, while Libertarians made a minimal impact. This voting pattern suggests a strong Republican presence, which might influence local policies and political dynamics.
66.87% of voters voted for the Republican party in the 2020 Presidential Election
31.66% of voters voted for the Democrat party in the 2020 Presidential Election
1.47% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Wyoming County, Pennsylvania has consistently maintained a student-to-teacher ratio below the U.S. national average of fourteen students per teacher over the past decade. From 13 students per teacher in 2014 to a notable low of 12 in 2017, the region offers small class sizes that could attract families prioritizing personalized education. By 2023, the ratio returned to 13 students per teacher, still competitive nationally, and potentially appealing to prospective residents and real estate... Read more
Student-to-teacher ratio in Wyoming County, Pennsylvania over the last 10 years
Over the last decade, Wyoming County, Pennsylvania has experienced a student-to-teacher ratio that consistently falls below the U.S. national average of fourteen students per teacher. The ratio has seen a gradual decrease from 13 students per teacher in 2014 to as low as 12 students per teacher in 2017, indicating small class sizes which may appeal to prospective residents valuing personalized education. While there was a slight increase to 13 students per teacher by 2023, it remains competitive compared to the national average, presenting a potentially appealing aspect for parents, educators, and real estate investors prioritizing quality education environments.
