Clay County Real Estate and Livability Trends
Clay County, Iowa's economic trends reveal a significant rise in average taxable income from $57,317 in 2013 to $74,513 in 2021, suggesting increasing economic robustness. The housing market shows an upswing in median home values from $110,500 in 2015 to $151,400 in 2022, indicating growth, albeit still below state and national levels. Real estate taxes have nearly doubled from $2,620.00 in 2012... Read more
Clay County Market Trends
Clay County, Iowa's housing market shows an intriguing trend of rising median home values, increasing from $110,500 in 2015 to $151,400 in 2022, yet still lower than state and national medians. Energy tax credits have fluctuated, indicating inconsistent but notable investments in energy efficiency. Meanwhile, real estate taxes surged from $2,620.00 in 2012 to $4,805.71 in 2021, suggesting higher... Read more
Median Value of Occupied Housing Units in Clay County, Iowa Over the Last 8 Years
Housing market trends in Clay County, Iowa have demonstrated a consistent upward trajectory in median home values over the last eight years, going from $110,500 in 2015 to $151,400 in 2022. While Clay County's values have increased, they typically remain below the state of Iowa's median home values, which were $129,200 in 2015 and surged to $181,600 by 2022. Nationally, the gap is even wider, with the U.S. starting at a median value of $125,500 in 2015 and climbing to $179,400 in 2022. This makes Clay County potentially attractive for those looking for more affordable property investment opportunities compared to broader state or national markets.
Residential Energy Tax Credit Per Tax Return in Clay County, IA Over the Last 8 Years
Clay County, Iowa has seen notable fluctuations in residential energy tax credits per tax return over the last eight years. Noteworthy peaks occurred in 2015 and 2020, with taxpayers receiving averages of $644.44 and $833.33 respectively, reflecting increased investment in energy-efficient home improvements during those years. This variability suggests active, but inconsistent, engagement in energy-saving measures among residents, potentially driven by changes in incentives or economic conditions.
Average Real Estate Taxes Per Tax Return in Clay County, IA Over the Last 10 Years
Over the past decade, Clay County, Iowa has seen a notable increase in average real estate taxes per tax return, rising from $2,620.00 in 2012 to $4,805.71 in 2021. This uptrend, particularly sharp between 2018 and 2020, may reflect rising property values or increased public spending funded by property taxes. Investors and real estate agents might see this as a sign of growing demand and higher valuations in the local market, while appraisers and insurance agents could consider the potential for elevated replacement costs and premiums. For residents, this trend hints at a stronger local economy but possibly higher expenses for homeownership.
Percentage of Farm Returns in Clay County, IA Over the Last 10 Years
In Clay County, Iowa, the percentage of farm tax returns has hovered between 6.94% and 7.58% over the past decade, generally displaying a gradual increase with minor fluctuations. Farm tax returns are critical for understanding the economic health and agricultural activity within the county, reflecting both the profitability and sustainability of local farming operations. This trend suggests a modest but steady presence of agricultural enterprises, which could be a point of interest for investors, potential residents, and anyone considering property development in the area.
Number of Mortgages by Occupancy Type in Clay County, IA Over the Last 5 Years in Clay County
Clay County, Iowa has seen notable variability in mortgage types over the last five years. Principal residences dominate the market, yet there has been a significant decline in these mortgages since their peak in 2021. Investment property mortgages have gently fluctuated, indicating a cautious but sustained interest in rental or commercial opportunities. Second residences remain a minor player, reflecting steadfast but low demand. These shifts can inform investors about changing affordability and market stability, aid real estate agents in understanding client needs, and guide appraisers and insurers in assessing market viability and risk accurately.
Economic Outlook
Clay County, Iowa, has experienced a notable increase in average taxable income per tax return over the last nine years, rising from $57,317 in 2013 to $74,513 in 2021, indicating growing economic resilience. Average state and local income taxes have also risen, peaking at $11,675.00 in 2020, which might influence disposable incomes. Additionally, average tax liabilities per return have generally increased, peaking at $11,114.52 in 2021, possibly due to higher property values or tax regulation... Read more
Average Taxable Income per Tax Return in Clay County, IA over the last 9 years
Over the last nine years, the average taxable income per tax return in Clay County, Iowa has steadily increased from about $57,317 in 2013 to approximately $74,513 in 2021. This upward trend suggests a growing economic resilience, which might be of interest to potential investors or those considering moving to the area. Such a trend could hint at improved job opportunities and a possibly flourishing local economy, making it an appealing location for economic activities and residential developments.
Average State and Local Income Taxes Per Tax Return in Clay County, IA Over the Last 10 Years
Clay County, Iowa has seen a notable increase in average state and local income taxes per tax return over the last decade. From about $6,749.42 in 2012, taxes steadily rose to a peak of $11,675.00 in 2020 before slightly decreasing to $10,710.00 in 2021. This rising trend reflects the county's evolving economic landscape, impacting disposable income and potentially influencing decisions for both current and prospective residents and investors.
Average Total Tax Liability Per Tax Return in Clay County, IA Over the Last 10 Years
Over the past decade, Clay County, Iowa has experienced fluctuating but generally increasing average tax liabilities per return, peaking at $11,114.52 in 2021. Key observations include significant jumps between 2019 and 2021, which may point to increased property values or changes in tax regulations. This trend is a crucial consideration for potential investors and residents weighing the financial implications of moving to or investing in the area.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,100 | $1,335 | $2,105 | $1,109 | $1,269 |
| 1 adult 4 children | $1,100 | $1,090 | $1,612 | $1,109 | $1,407 |
| 2 adults 3 children | $1,100 | $1,091 | $1,826 | $1,109 | $1,037 |
| 1 adult 3 children | $1,100 | $890 | $1,332 | $1,109 | $1,144 |
| 2 adults 2 children | $811 | $893 | $1,546 | $967 | $878 |
| 1 adult 2 children | $811 | $667 | $1,053 | $967 | $831 |
| 2 adults 1 child | $811 | $706 | $1,267 | $506 | $794 |
| 1 adult 1 child | $811 | $456 | $773 | $506 | $656 |
| 2 adults | $657 | $567 | $987 | $0 | $636 |
| 1 adult | $542 | $309 | $494 | $0 | $517 |
Safety trends & Data
Property crime in Clay County, Iowa has seen some noticeable variations over the past five years, with larceny-theft consistently being the most prevalent, peaking at 83 incidents in 2019. Fraud and vandalism have also been ongoing issues, with vandalism incidents reaching up to 19 in 2022. Motor vehicle theft and burglary have fluctuated, but the sharp increase in larceny-theft in 2019 is particularly noteworthy. These trends could be pivotal for potential investors, real estate agents, and... Read more
Property Crime Trends in Clay County, IA Over the Last 5 Years
Property crime in Clay County, Iowa has shown some noticeable variations over the past five years, with larceny-theft consistently being the most prevalent issue, peaking at 83 incidents in 2019. While fraud and vandalism have also been recurring issues, with up to 19 vandalism incidents in 2022, motor vehicle theft and burglary have fluctuated. Interestingly, 2019 saw a sharp increase in larceny-theft compared to other years. These trends could be pivotal for potential investors, real estate agents, and residents assessing the safety and risk factors associated with living or doing business in the area.
Demographics
Clay County, Iowa's adult population shows a slight female majority. Educational attainment suggests a strong high school completion rate, yet fewer pursuing advanced degrees. Age distribution leans towards older adults, with a noticeable portion aged 55 and above, potentially impacting local services and economy. Racially, the county is predominantly White, with minimal representation from other racial... Read more
Race Distribution in Clay County, Iowa (2022)
Educational Attainment in Clay County, Iowa (2022)
Age Distribution in Clay County, Iowa
Citizen Population in Clay County, Iowa (2022)
Political Trends & Data
In Clay County, Iowa, the 2020 U.S. Presidential Election results may show a heavy Republican lean, with nearly 69% of votes possibly going to the Republican Party. Democrats might have secured around 30%, while third-party candidates seemingly garnered less than 2% combined. This potential voting pattern could offer insights into local electoral strategies and voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clay County in Iowa may lean heavily Republican based on 2020 U.S. Presidential Election results, with nearly 69% of the vote possibly going to the Republican Party compared to approximately 30% for the Democrats. Libertarian and other third-party candidates might have garnered minimal support, each presumably receiving less than 2% combined. This potential political landscape could be significant for future electoral strategies and understanding voter behavior in the region.
68.66% of voters voted for the Republican party in the 2020 Presidential Election
29.68% of voters voted for the Democrat party in the 2020 Presidential Election
1.13% of voters voted for the Livertarian party in the 2020 Presidential Election
0.09% of voters voted for the Green party in the 2020 Presidential Election
0.45% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Clay County, Iowa has seen a drop in student-to-teacher ratios from 22 students per teacher in 2014 to around 13-14 students per teacher in recent years. This trend might point to better educational investments and potentially higher quality learning environments. Lower ratios can attract families looking for better education, drive up property values, and justify higher insurance premiums, making it a key consideration for investors, agents, and prospective... Read more
Student-to-teacher ratio in Clay County, Iowa over the last 10 years
Over the past decade, Clay County, Iowa has seen a noteworthy shift in its student-to-teacher ratios, beginning with a high of 22 students per teacher in 2014 and steadily decreasing to around 13-14 students per teacher by recent years. This steady decrease in the ratio may reflect improved educational investments and potentially higher quality learning environments compared to the national average of 14 students per teacher. Lower student-to-teacher ratios can attract families seeking better educational opportunities, drive up property values, and justify higher insurance premiums due to perceived desirability of living in the area. This trend could be an important factor for investors, real estate agents, and anyone considering building or moving to Clay County.
