Iowa Real Estate and Livability Trends
Iowa's property landscape is evolving with notable trends underpinning its dynamic real estate market. Median home values surged from $129,200 in 2015 to $181,600 by 2022, offering solid appreciation margins for investors. Residential energy tax credits showcased significant variability, peaking at $3,610.36 in 2018 from a low of $551.98 in 2013, introducing potential savings while adding to... Read more
Iowa Market Trends
Iowa's median home values have climbed steadily from $129,200 in 2015 to $181,600 in 2022, consistently outperforming the national median. This long-term appreciation could spell opportunity for investors in Iowa's resilient real estate market. On the other hand, residential energy tax credits have shown significant volatility, from $551.98 in 2013 to a peak of $3610.36 in 2018, presenting both... Read more
Median Value of Occupied Housing Units in Iowa Over the Last 8 Years
Iowa's median home values have exhibited a steady increase over the past eight years, escalating from $129,200 in 2015 to $181,600 in 2022. This progression is notably above the national median home values, which moved from $125,500 in 2015 to $179,400 in 2022. This consistent growth highlights potential opportunities for investors looking at residential real estate in Iowa, indicating a resilient and appreciating market.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Iowa over the last 10 years
Active Loans 30-60 Days Past Due in Iowa over the last 10 years in Iowa
Perent of loans that are Active Loans 90-180 Days Past Due in Iowa over the last 10 years in Iowa
Residential Energy Tax Credit Per Tax Return in Iowa Over the Last 9 Years
Over the last nine years, residential energy tax credits per tax return in Iowa have seen dramatic fluctuations. Starting at $551.98 in 2013, the average credit rose significantly to $1176.60 by 2021, peaking exceptionally at $3610.36 in 2018. This volatility might suggest varying statewide energy efficiency initiatives or changing eligibility criteria, making it noteworthy for potential investors, homeowners considering energy upgrades, and real estate professionals. Understanding these trends could provide valuable insights into long-term cost savings and incentives in Iowa's residential energy market.
Average Real Estate Taxes Per Tax Return in Iowa Over the Last 10 Years
Over the past decade in Iowa, average real estate taxes per tax return have generally trended upwards, indicating a steady increase in property tax expenses. Starting at roughly $3,149.60 in 2012 and climbing to about $5,815.26 by 2021, this rise suggests that property values or tax rates have likely been increasing. Especially notable is the jump between 2017 and 2018, where average taxes surged from approximately $4,074.45 to $5,044.17, a strong indication of shifting economic conditions or significant changes in the tax landscape. This upward movement in real estate taxes is something potential investors, property developers, and homeowners should consider when evaluating the real estate market in Iowa.
Percentage of Farm Returns in Iowa Over the Last 10 Years
The percentage of farm tax returns in Iowa has generally trended downward over the last decade, starting at 5.68% in 2012 and falling to approximately 5.11% by 2021. While there were slight variations each year, the overall decline suggests that fewer farms are filing returns, which could hint at consolidation or shifts in the agricultural sector. For potential investors or those looking to purchase agricultural property, this trend may indicate fewer smaller operations and perhaps a move towards larger-scale farming. Understanding these changes is crucial for anyone interested in the dynamics of Iowa's agricultural economy.
Economic Outlook
Iowa has experienced a steady increase in average taxable income per tax return, climbing from $58,358.83 in 2013 to $79,228.43 in 2021. This rise suggests potential economic growth, making the state more appealing for real estate investors and new residents. However, average state and local income taxes have also seen a sharp increase, particularly since 2017, reaching $13,530.61 in 2021. Coupled with the spike in total tax liability per tax return, which hit $12,474.10 in 2021, these trends... Read more
Average Taxable Income per Tax Return in Iowa over the last 9 years
Over the past nine years, Iowa has seen a noticeable upward trend in average taxable income per tax return, increasing from approximately $58,358.83 in 2013 to about $79,228.43 in 2021. This gradual income rise is potentially attractive for investors and individuals considering relocating, building, or investing in real estate in Iowa, as it could suggest economic growth and an increase in wealth among residents.
Average State and Local Income Taxes Per Tax Return in Iowa Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Iowa have shown a significant upward trend, moving from $6,435.92 in 2012 to $13,530.61 in 2021. This increase, particularly sharp from 2017 onward, can impact financial planning for both current residents and potential investors. The rising tax burden might influence decisions regarding property development, relocation, or business investment in the state.
Average Total Tax Liability Per Tax Return in Iowa Over the Last 10 Years
Over the last decade, Iowa's average total tax liability per tax return has shown a general upward trend with notable spikes, particularly in 2020 and 2021. The liability jumped from $9,345.82 in 2012 to $12,474.10 in 2021, suggesting a marked increase in what residents are paying on average. This could be due to various economic factors, including changes in state tax policies or shifts in the average income levels. For those looking to invest or move to Iowa, understanding these fluctuations can provide valuable context on the state’s financial climate and potential future tax obligations.
Cost of Living in Iowa
Safety trends & Data
Over the past five years, Iowa has witnessed varying trends in property crimes, with fraud leading the pack, peaking at 9,918 incidents in 2019 but decreasing to 6,010 in 2022. Vandalism numbers have stabilized around 1,800 incidents annually after a spike in 2019, while arson incidents fluctuated, peaking at 846 in 2021 before dropping to 692 in 2022. Larceny-theft incidents have also decreased from 1,559 in 2019 to 939 in 2022. These trends are significant for real estate investors, insurance... Read more
Property Crime Trends in Iowa Over the Last 5 Years
Over the past five years, Iowa has seen varying trends in property crimes. Fraud consistently tops other property crimes, peaking at 9,918 incidents in 2019 but showing a downward trend to 6,010 in 2022. Vandalism saw a spike in 2019 (2,194 incidents) but has hovered around the 1,800 mark in recent years. Arson incidents have fluctuated, hitting a high of 846 in 2021 but decreasing to 692 in 2022. Larceny-Theft, while common, has decreased from 1,559 incidents in 2019 to 939 in 2022. These trends are crucial for real estate investors, insurance agents, and anyone considering moving to Iowa as they indicate a dynamic crime landscape that might impact property values and insurance premiums.
Demographics
In Iowa, slightly more females than males were recorded in 2022. Educational trends reveal that high school completion and college attendance rates may be key areas of focus, with high school graduates making up a significant portion of the population. Age distribution shows balanced figures across all age groups, with notable populations in both the younger and older brackets. The state remains predominantly White, with smaller yet notable representation from Black or African American, Asian,... Read more
Race Distribution in Iowa (2022)
Educational Attainment in Iowa (2022)
Age Distribution in Iowa
Citizen Population in Iowa (2022)
Political Trends & Data
In Iowa's 2020 U.S. Presidential Election, Republicans garnered approximately 26.67% of votes, leading over Democrats who scored around 22.45%. Minor parties, such as Libertarians and Greens, received notably less support, with Libertarians at roughly 0.58% and Greens at about 0.09%. This trend indicates a considerable tilt towards the two dominant parties, with minimal backing for smaller political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Iowa, the 2020 U.S. Presidential Election voting percentages indicate a lead for Republicans with approximately 26.67%, followed by Democrats at around 22.45%. Third parties like the Libertarians and Greens garnered notably lower percentages, with Libertarians receiving around 0.58% and Greens just about 0.09%. This distribution suggests a strong preference for the two major parties, with significantly less support for minor parties in the state.
26.67% of voters voted for the Republican party in the 2020 Presidential Election
22.45% of voters voted for the Democrat party in the 2020 Presidential Election
0.58% of voters voted for the Libertarian party in the 2020 Presidential Election
0.09% of voters voted for the Green party in the 2020 Presidential Election
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
Iowa's student-to-teacher ratios have experienced some fluctuation, ranging from 14 in 2015 to around 15 in 2019 and 2020, aligning closely with the national average of 14 students per teacher. These changes could indicate varying demands on educational resources, which is key for investors and real estate agents. Lower ratios might suggest more personalized education, potentially boosting the area's appeal to families and impacting property values and investment returns. Conversely, higher... Read more
Student-to-teacher ratio in Iowa over the last 10 years
The student-to-teacher ratio in Iowa has exhibited some variability over the last ten years, ranging from a low of 14 in 2015 to a high of about 15 in 2019 and 2020. Overall, Iowa's ratios have been quite comparable to the national average of 14 students per teacher, but the peaks seen in the last few years could suggest fluctuating demands on educational resources. This metric is particularly significant for potential investors, real estate agents, and those looking to move to the area as it can impact both the quality of education and the overall desirability of the region. Lower ratios may imply more individualized attention for students, potentially making the area more attractive to families. Conversely, higher ratios could indicate overburdened schools, which might affect the perceived quality of education and influence property values and investment returns.
