Boone County Real Estate and Livability Trends
Boone County, Iowa, has seen significant economic and real estate growth, particularly since 2018. The average taxable income surged to $74,351.27 by 2021, and the average tax liability hit $10,247.44, reflecting local economic expansion or policy shifts. Median home values climbed from $119,600 in 2015 to $171,600 in 2022, although still lagging behind state and national trends. Mortgage... Read more
Boone County Market Trends
Boone County, Iowa has seen a steady increase in median home values, from $119,600 in 2015 to $171,600 in 2022, though this still trails state and national growth. Significant fluctuations in residential energy tax credits, peaking at $3,466.67 in 2018, suggest potential incentives for energy-efficient investments. Average real estate taxes have risen, peaking at $4,896.72 in 2020, indicating... Read more
Median Value of Occupied Housing Units in Boone County, Iowa Over the Last 8 Years
Over the last 8 years, Boone County, Iowa has seen a steady increase in median home values, moving from $119,600 in 2015 to $171,600 in 2022. This trajectory, while encouraging, still lags behind the state of Iowa, which increased from $129,200 to $181,600 in the same period, and the national trend, which rose from $125,500 to $179,400. For those looking to invest, relocate, or build in Boone County, these figures indicate a gradually appreciating market, though it remains somewhat behind broader state and national trends, possibly suggesting more affordable entry points compared to other areas.
Residential Energy Tax Credit Per Tax Return in Boone County, IA Over the Last 9 Years
Boone County, Iowa has seen significant fluctuations in residential energy tax credits per tax return over the past nine years. Notably, there was a sharp spike to $3,466.67 in 2018, suggesting a possible increase in energy-efficient investments or policy changes. Despite this peak, the average credit remained relatively stable, hovering around $900 to $1,500 in other years. This trend indicates both opportunities and variability in energy credit benefits, valuable information for potential investors and homeowners considering energy-efficient improvements or new constructions in Boone County.
Average Real Estate Taxes Per Tax Return in Boone County, IA Over the Last 10 Years
Over the last decade, Boone County, Iowa has generally experienced a steady increase in average real estate taxes per tax return, peaking at $4,896.72 in 2020 before a slight dip to $4,879.66 in 2021. This trend suggests rising property values and a potentially expanding tax base, which could signal economic growth or increased public service funding. Property owners, real estate agents, and investors might view this trajectory as indicative of the area’s growing appeal and infrastructure development. However, this rise in taxes might also be a consideration for those evaluating the cost of living or investment returns in the county.
Percentage of Farm Returns in Boone County, IA Over the Last 10 Years
Farm tax returns in Boone County, Iowa, have exhibited minor fluctuations over the past decade, ranging from around 5.32% in 2012 to approximately 5.05% in 2021. These small changes suggest a relatively stable agricultural sector, with a slight decrease in the later years. Farm tax returns serve as a useful indicator of the financial health and viability of farming activities within the county, and consistent numbers imply a steady agricultural economy. For investors, homeowners, or those considering relocation, these stability trends hint at a robust farming community that could mean less volatility in property values and local economic conditions.
Number of Mortgages by Occupancy Type in Boone County, IA Over the Last 5 Years in Boone County
In Boone County, Iowa, the last five years have shown fairly stable mortgage counts for investment properties, hovering between 65 and 82 annually. Mortgages for principal residences saw a notable spike in 2020 and 2021, surpassing 1800, but then experienced a decline back to around 1200 by 2022. Mortgages for second residences have remained relatively minimal throughout, never exceeding 11 per year. These shifts in occupancy type hint at fluctuating demand and possibly changing socio-economic factors in the county, influencing decisions for investment, construction, and real estate services. Understanding these patterns can aid investors and agencies in making informed decisions, planning insurance coverage, or facilitating community development.
Economic Outlook
Boone County, Iowa, has experienced an upward trend in average taxable income over the past nine years, with a noticeable spike from 2018 onward, reaching $74,351.27 in 2021. The average state and local income taxes per tax return have also risen dramatically, with a significant hike between 2017 and 2018, possibly due to growing economic development or changing tax policies. Additionally, the average total tax liability per tax return has increased steadily, peaking at $10,247.44 in 2021,... Read more
Average Taxable Income per Tax Return in Boone County, IA over the last 9 years
Boone County, Iowa has seen a consistent upward trend in average taxable income over the past nine years, with a noticeable spike from 2018 onward. Despite some fluctuations, the average income per tax return increased from $57,285.62 in 2013 to $74,351.27 in 2021. This growth may signify robust economic conditions, making it potentially attractive for investors and those considering relocation or property development in the area.
Average State and Local Income Taxes Per Tax Return in Boone County, IA Over the Last 10 Years
Boone County, Iowa has seen a notable rise in average state and local income taxes per tax return, with figures jumping from $5,426.45 in 2012 to $9,394.55 in 2021. The most significant hike occurred between 2017 and 2018, when taxes surged from $6,524.93 to $10,229.23. This steep increase may signal growing economic development or shifts in tax policies, impacting both current residents and potential investors contemplating the area.
Average Total Tax Liability Per Tax Return in Boone County, IA Over the Last 10 Years
Boone County, Iowa has seen a steady increase in the average total tax liability per tax return over the past decade, peaking at $10,247.44 in 2021. Notably, there was a significant jump from $8,973.69 in 2017 to $10,247.44 in 2021, reflecting economic growth or policy changes. This trend can impact decisions for potential investors and residents considering financial commitments in the area.
Cost of Living in Boone County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,246 | $1,424 | $1,909 | $1,467 | $1,464 |
| 1 adult 4 children | $1,246 | $1,163 | $1,468 | $1,467 | $1,641 |
| 2 adults 3 children | $1,246 | $1,163 | $1,652 | $1,467 | $1,221 |
| 1 adult 3 children | $1,246 | $949 | $1,211 | $1,467 | $1,382 |
| 2 adults 2 children | $883 | $952 | $1,395 | $1,290 | $984 |
| 1 adult 2 children | $883 | $711 | $954 | $1,290 | $994 |
| 2 adults 1 child | $883 | $752 | $1,138 | $716 | $870 |
| 1 adult 1 child | $883 | $486 | $698 | $716 | $760 |
| 2 adults | $671 | $604 | $881 | $0 | $654 |
| 1 adult | $602 | $330 | $441 | $0 | $541 |
Safety trends & Data
Boone County, Iowa has seen fluctuating property crime rates over the past three years. Larceny-theft incidents remain notably high, peaking at 42 in both 2018 and 2019, but decreased to 36 in 2020. Burglary rates peaked at 9 in 2019, then dropped to just 3 in 2020. Vandalism incidents have also decreased, from 26 in 2018 to 14 in 2020. These trends matter as they influence property values, safety perceptions, and insurance... Read more
Property Crime Trends in Boone County, IA Over the Last 3 Years
Boone County, Iowa has seen fluctuating trends in property crime over the last three years. Larceny-theft numbers remain concerningly high, peaking at 42 instances in both 2018 and 2019, but saw a slight decrease to 36 in 2020. Burglary rates spiked to 9 in 2019 before dropping to just 3 in the following year. Vandalism incidents have decreased notably from 26 in 2018 to 14 in 2020. These trends are crucial for investors, property developers, and residents as they reflect safety and risk factors impacting property values and insurance premiums.
Demographics
In Boone County, Iowa, males slightly outnumber females. Educational attainment reveals a predominantly high school-educated populace, though a significant portion also holds an associate's or higher degree. The age distribution suggests a balanced mix, with a notable concentration in the 35-64 year range. Racially, the county is predominantly White, with comparatively small minority groups, including Black or African American and Asian... Read more
Race Distribution in Boone County, Iowa (2022)
Educational Attainment in Boone County, Iowa (2022)
Age Distribution in Boone County, Iowa
Citizen Population in Boone County, Iowa (2022)
Political Trends & Data
Boone County, Iowa leaned Republican in the 2020 U.S. Presidential Election with roughly 57% of the vote, but the 41% Democratic turnout shows substantial bipartisan support. The minimal third-party vote share, just over 2%, highlights the dominance of the two main parties in the area. This political composition could influence local real estate trends, potentially affecting buyer preferences and neighborhood developments in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Boone County in Iowa seems to have leaned Republican during the 2020 U.S. Presidential Election, with approximately 57% of the votes going to the Republican candidate. Democrats garnered around 41%, while third-party candidates, including Libertarians and the Green Party, received a small fraction, collectively totaling just over 2%. This distribution might suggest a relatively strong Republican presence, though the significant Democratic share indicates considerable support for the opposing party as well.
56.90% of voters voted for the Republican party in the 2020 Presidential Election
41.09% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Green party in the 2020 Presidential Election
0.56% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Boone County, Iowa has swung between 13 and nearly 17 over the past decade, with recent years like 2023 showing a more favorable drop to 13.03, which is below the national average of 14. This trend could appeal to families prioritizing education, potentially boosting property values. Real estate agents, appraisers, and even insurance agents might find these insights valuable when assessing property values and insurance risks, given the correlation between lower... Read more
Student-to-teacher ratio in Boone County, Iowa over the last 10 years
The student-to-teacher ratio in Boone County, Iowa has fluctuated over the last decade, with values ranging from 13 to nearly 17. Notably, years like 2015 and 2018 saw higher ratios of 16.84 and 15.33 respectively, while more recent years like 2023 show a favorable drop to 13.03, dipping below the national average of 14. This variability can be significant for those considering investing in property or moving to the area, as a lower ratio often correlates with better education quality and more individualized attention for students. For real estate agents and appraisers, understanding these trends could be useful for justifying the value of properties, particularly to families prioritizing education. Insurance agents might also find these insights pertinent, as the perceived quality of local schools can indirectly affect property values and insurance risks.
