Bristol County Real Estate and Livability Trends
Bristol County, Rhode Island's real estate market might be heating up due to a significant rise in average taxable income, jumping from around $91,571.68 in 2013 to approximately $135,779.18 in 2021. Median home values have surged from $330,100 in 2015 to $443,700 in 2022, outpacing state and national averages. This, combined with a considerable hike in residential energy tax credits peaking at... Read more
Bristol County Market Trends
Bristol County, Rhode Island has experienced a notable rise in median home values from $330,100 in 2015 to $443,700 in 2022, outpacing both state and national averages. The significant fluctuations in residential energy tax credits, peaking at $4,819.05 in 2018, suggest shifts in policy incentives or energy investments. Real estate taxes have also seen a steep climb from $6,980.20 in 2012 to... Read more
Median Value of Occupied Housing Units in Bristol County, Rhode Island Over the Last 8 Years
Bristol County, Rhode Island has shown a strong upward trend in median home values over the last 8 years, jumping from $330,100 in 2015 to $443,700 in 2022. This trajectory outpaced both the state of Rhode Island, which saw values increase from $238,000 to $343,100, and the national average, which rose from $125,500 to $179,400. The substantial gains in Bristol County suggest a robust real estate market, making it an appealing option for investors and homebuyers looking for value growth potential.
Residential Energy Tax Credit Per Tax Return in Bristol County, RI Over the Last 9 Years
Over the past nine years, Bristol County, Rhode Island has seen significant fluctuations in the average residential energy tax credit per tax return. Starting at around $282.93 in 2013, the credit amount sharply increased, peaking at $4819.05 in 2018, before settling at $1863.49 in 2021. These variances suggest changes in either policy incentives, energy upgrade investments, or taxpayer engagement with energy-efficient home improvements. Investors, real estate agents, and homeowners might find this data indicative of broader economic and policy trends affecting property values and sustainability measures in the area.
Average Real Estate Taxes Per Tax Return in Bristol County, RI Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Bristol County, Rhode Island have notably increased from $6,980.20 in 2012 to $10,747.37 in 2021. This upward trend suggests a steady rise in property tax burdens, which could potentially influence the affordability and attractiveness of the area for prospective buyers and investors. For real estate agents and appraisers, understanding this escalation is crucial when advising clients on investment decisions. Insurance agents might also see this trend as indicative of changing property values and associated risks. Furthermore, those considering building property in Bristol County or moving there should be aware of these financial implications.
Percentage of Farm Returns in Bristol County, RI Over the Last 10 Years
Farm tax returns in Bristol County, Rhode Island have generally exhibited minor fluctuations, staying around the 0.12% to 0.09% mark over the last decade. Peaks were seen in 2012 and 2014 at about 0.13%, but there has been a slight downward trend in the latter half of the decade, dipping to around 0.09% by 2020. For those looking to invest in agricultural property or considering moving to the area, these relatively stable but low percentages might suggest that farming isn't a prominent sector within the local economy, possibly indicating limited but consistent agricultural activity.
Number of Mortgages by Occupancy Type in Bristol County, RI Over the Last 5 Years in Bristol County
In Bristol County, Rhode Island, the number of mortgages for principal residences has generally been robust, peaking in 2021 with 4,444 loans. Investment properties and second residences have seen fewer mortgages year over year, with principal residence loans consistently outstripping them. These trends could matter for investors, appraisers, and real estate agents because principal residences tend to reflect broad housing demand and stability, potentially indicating a strong local housing market. Lower mortgage counts for second residences and investment properties might suggest fewer opportunities for vacation rentals or investment flips, which could impact future property valuations and insurance considerations. Understanding these shifts provides strategic insight for anyone involved in the area's real estate landscape.
Economic Outlook
Bristol County, Rhode Island's real estate market might be heating up, thanks to an uptrend in average taxable income per tax return, which jumped from approximately $91,571.68 in 2013 to around $135,779.18 in 2021. This spike, especially noticeable between 2020 and 2021, could hint at a growing local economy, enticing investors and property developers. Concurrently, state and local income taxes have also risen, moving from about $10,418.46 in 2012 to roughly $22,102.13 in 2021, with a... Read more
Average Taxable Income per Tax Return in Bristol County, RI over the last 9 years
Bristol County, Rhode Island has seen a noticeable upward trend in average taxable income per tax return over the past nine years. Starting from approximately $91,571.68 in 2013, the figure experienced fluctuations but generally increased, peaking at around $135,779.18 in 2021. This steady rise, particularly the sharp jump between 2020 and 2021, could signal a growing economy in the region, making it potentially attractive for investors, property developers, and real estate agents. The income growth might also affect appraisals and insurance rates, reflecting the changing economic landscape and impacting those living in or considering moving to the area.
Average State and Local Income Taxes Per Tax Return in Bristol County, RI Over the Last 10 Years
Over the past decade, Bristol County, Rhode Island has seen a general upward trend in state and local income taxes per tax return, with figures rising from around $10,418.46 in 2012 to approximately $22,102.13 in 2021. Notably, there was a sharp increase between 2017 and 2018, jumping from about $12,113.69 to nearly $17,293.99, and continuing to climb steadily afterward. These trends may indicate economic growth or changes in tax policy, potentially impacting decisions for investors, real estate agents, and those contemplating a move to the area.
Average Total Tax Liability Per Tax Return in Bristol County, RI Over the Last 10 Years
In Bristol County, Rhode Island, the average total tax liability per tax return has shown a general upward trend over the past decade. While there were fluctuations, the most notable increases were in 2014 and 2021, where the average liabilities reached roughly $23,753.41 and $29,564.27 respectively. Such growth could be reflective of rising incomes or property values, making this area potentially attractive for investors and real estate professionals who are assessing economic growth and fiscal trends. For insurance agents and appraisers, understanding these numbers may provide better insights into property evaluations and risk assessments.
Cost of Living in Bristol County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,766 | $1,934 | $1,483 | $2,188 | $1,773 |
| 1 adult 4 children | $1,766 | $1,580 | $1,138 | $2,188 | $1,920 |
| 2 adults 3 children | $1,766 | $1,580 | $1,285 | $2,188 | $1,503 |
| 1 adult 3 children | $1,766 | $1,290 | $940 | $2,188 | $1,657 |
| 2 adults 2 children | $1,451 | $1,294 | $1,086 | $1,953 | $1,203 |
| 1 adult 2 children | $1,451 | $966 | $741 | $1,953 | $1,279 |
| 2 adults 1 child | $1,451 | $1,022 | $888 | $1,189 | $1,028 |
| 1 adult 1 child | $1,451 | $660 | $543 | $1,189 | $975 |
| 2 adults | $1,206 | $821 | $690 | $0 | $746 |
| 1 adult | $1,098 | $448 | $345 | $0 | $633 |
Safety trends & Data
Bristol County, Rhode Island's property crime trends reveal consistent concerns, especially with vandalism incidents rarely dropping below 26 per year and peaking at 34 in 2018. Larceny incidents have shown minor annual variations, ranging between 13 and 25. A notable surge occurred in burglary incidents in 2022, with 21 cases, significantly higher than in previous years. Fraud and embezzlement cases appear sporadically and are generally lower than vandalism and larceny. These trends may... Read more
Property Crime Trends in Bristol County, RI Over the Last 5 Years
Bristol County, Rhode Island's property crime trends over the past five years suggest fluctuating but generally consistent levels in various categories. Vandalism has consistently been a top concern with figures rarely dropping below 26 incidents per year, peaking at 34 in 2018. Larceny incidents have ranged between 13 and 25, showing minor variations annually. There's a notable surge in burglary incidents in 2022 with 21 cases, significantly higher than the previous years. Fraud and embezzlement cases display no clear trend but appeared sporadically lower compared to vandalism and larceny. For those considering property investments or moving to Bristol County, these trends could inform risk assessments and insurance considerations.
Demographics
Bristol County, Rhode Island shows a slightly higher number of females than males in its adult population. The county's educational attainment distribution hints at a strong emphasis on higher education, with a notable portion holding bachelor's and graduate degrees. Age-wise, there's a balanced spread across different age groups, though fewer people are seen in the younger age cohorts. Racially, the county is predominantly White, with minimal representation from other ethnic... Read more
Race Distribution in Bristol County, Rhode Island (2022)
Educational Attainment in Bristol County, Rhode Island (2022)
Age Distribution in Bristol County, Rhode Island
Citizen Population in Bristol County, Rhode Island (2022)
Political Trends & Data
Bristol County, Rhode Island, leaned heavily towards the Democratic party in the 2020 U.S. Presidential Election, significantly outpacing Republican support. Libertarian and other parties barely registered, implying a strong Democratic preference that could shape future election tactics and strategies. This trend suggests a level of predictability in voter behavior that political analysts and campaigners might focus on for upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bristol County, Rhode Island, showed notable support for the Democratic party in the 2020 U.S. Presidential Election, with a substantial margin over the Republican party. Although Libertarian and other parties hardly made a mark, the data implies a solid lean towards Democratic preferences amongst the voters. These trends suggest an increasingly predictable voter behavior in this region that may influence future election strategies.
34.30% of voters voted for the Republican party in the 2020 Presidential Election
63.52% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
1.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Bristol County, Rhode Island has seen its student-to-teacher ratio decline from 17 students per teacher in 2014 to 14 in 2023. This trend implies potential improvements in educational quality, appealing to families considering a move. As Bristol County's ratios now align closely with the national average, this could positively influence local real estate markets by driving property values up and attracting young... Read more
Student-to-teacher ratio in Bristol County, Rhode Island over the last 10 years
Over the last decade, Bristol County, Rhode Island has seen a steady decline in the student-to-teacher ratio, from 17 students per teacher in 2014 to 14 in 2020, and currently at 14 students per teacher in 2023. This trend suggests potential improvements in educational quality and individualized attention for students, making it an attractive area for families considering relocation. With the national average of 14 students per teacher, Bristol County's recent ratios indicate it now aligns closely with broader educational standards. These shifts can significantly impact local real estate markets, as better education metrics can drive property values up, interest from young families, and influence the decisions of investors, appraisers, and insurance agents in the region.
