Davis County Real Estate and Livability Trends
Davis County, Iowa, showcases a generally positive economic trend, with average taxable incomes rising from $42,846.11 in 2013 to $59,930.56 in 2021, signaling growing economic stability. However, median home values have increased at a slower pace compared to state and national trends, reaching $140,300 in 2022, highlighting the area's relative affordability. Real estate taxes have consistently... Read more
Davis County Market Trends
Davis County, Iowa has seen median home values rise from $99,900 in 2015 to $140,300 in 2022, a slower increase compared to both Iowa's and national trends, highlighting its relative affordability. Energy tax credits have fluctuated significantly, dropping to $233.33 by 2021, which may affect investment in energy-efficient homes. Real estate taxes have consistently increased, from $2,117.74 in... Read more
Median Value of Occupied Housing Units in Davis County, Iowa Over the Last 8 Years
Over the past eight years, Davis County, Iowa has seen its median home values rise from $99,900 in 2015 to $140,300 in 2022. This increase has generally trailed behind both Iowa state and national trends, with Iowa's median home values escalating from $129,200 to $181,600, and the national median rising from $125,500 to $179,400 in the same period. This could signify relative affordability and potential investment opportunities in Davis County compared to more pronounced market increases observed statewide and nationally.
Residential Energy Tax Credit Per Tax Return in Davis County, IA Over the Last 6 Years
In Davis County, Iowa, over the last six years, there's been a notable fluctuation in the average residential energy tax credit per tax return. From a high of $637.50 in 2013, credits saw a dip to $483.33 by 2016, rebounded slightly to $566.67 in 2019, but then dropped significantly to $233.33 by 2021. This trend suggests a shifting landscape in energy incentives and could inform potential investors and property developers about the variable support for energy-efficient home improvements, impacting long-term sustainability plans and financial projections.
Average Real Estate Taxes Per Tax Return in Davis County, IA Over the Last 10 Years
Over the last decade, Davis County, Iowa has seen a fairly consistent increase in average real estate taxes per tax return, with figures rising from approximately $2,117.74 in 2012 to around $3,840.00 in 2021. The sharpest uptick appeared between 2018 and 2019, going from $3,214.29 to $3,958.33, which could suggest significant changes in property values or tax policies during that period. This upward trend offers valuable insights for investors and property developers aiming to understand the evolving tax landscape, as higher taxes often correlate with an appreciation of property values. For local residents and those looking to move to the area, it's worth noting the steady increment in tax responsibilities, which might affect overall affordability and cost of living calculations.
Percentage of Farm Returns in Davis County, IA Over the Last 10 Years
In Davis County, Iowa, the percentage of farm tax returns has been relatively stable over the last decade, fluctuating between approximately 27% to 28.37%. This suggests a consistent reliance on agriculture, which could be appealing for investors looking into agricultural ventures or those interested in rural living. Notably, the highest farm return percentage was around $28.37% in 2018, indicating a peak in farm tax activities. Farm tax returns reflect the portion of income tax filings from farms, and their steadiness highlights the area's agricultural economy's resilience. For builders and property developers, this trend may imply opportunities for creating infrastructure tailored to farm needs. For potential residents, it's indicative of a strong, supportive farming community.
Number of Mortgages by Occupancy Type in Davis County, IA Over the Last 5 Years in Davis County
Over the last five years, Davis County, Iowa has seen a noticeable rise in mortgages for principal residences, peaking in 2021 with 237 mortgages. In contrast, the demand for investment properties and second residences has remained relatively stable but low, with investment properties averaging around 5 mortgages annually and second residences not exceeding 5 mortgages in any given year. This shift towards principal residences could indicate a growing local population and potentially stronger community ties, which might appeal to families and long-term residents. For investors, this trend suggests a cautious approach to purchasing properties for rent or resale as the market remains focused on primary residences. Those in real estate, appraisal, and insurance sectors may find this data valuable for assessing market dynamics and driving informed decision-making about property developments and pricing strategies.
Economic Outlook
Davis County, Iowa has experienced a generally upward trend in average taxable income per tax return, climbing from around $42,846.11 in 2013 to approximately $59,930.56 in 2021. This indicates growing economic stability and potential for increased earnings. Simultaneously, average state and local income taxes per tax return have also risen, peaking at $7,630.77 in 2018 before settling at $6,800.00 in 2021. Fluctuations in total tax liability, with a high of $8,069.01 in 2021, reflect shifting... Read more
Average Taxable Income per Tax Return in Davis County, IA over the last 9 years
The average taxable income per tax return in Davis County, Iowa has seen a generally upward trend over the last nine years. Starting at roughly $42,846.11 in 2013 and climbing to about $59,930.56 in 2021, this increase suggests a growing economic stability and potential for higher earnings. Notable jumps, particularly in 2020 and 2021, indicate possible economic shifts or opportunities in the area, making it an interesting location for potential investors and those looking to move or develop property.
Average State and Local Income Taxes Per Tax Return in Davis County, IA Over the Last 10 Years
Davis County, Iowa has seen a noticeable upward trend in average state and local income taxes per tax return over the past decade. Starting at $4,648.33 in 2012, the amount increased steadily, peaking at $7,630.77 in 2018. Although there were slight dips in 2016 and 2019, the general trajectory is upward, culminating in $6,800.00 in 2021. This indicates a growing tax burden, which is a significant consideration for potential investors, homeowners, and residents evaluating the financial impact of living or conducting business in the region.
Average Total Tax Liability Per Tax Return in Davis County, IA Over the Last 10 Years
Davis County, Iowa has seen significant fluctuations in average total tax liability per tax return over the last decade. From a low of $5,631.28 in 2012, tax liabilities spiked to $8,069.01 by 2021. These trends are indicative of shifting economic conditions, influencing decisions for prospective homeowners, investors, and businesses. Understanding these tax liability patterns can provide valuable insights for strategic financial planning and investment in the area.
Cost of Living in Davis County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $994 | $1,355 | $1,934 | $1,113 | $1,241 |
| 1 adult 4 children | $994 | $1,107 | $1,479 | $1,113 | $1,392 |
| 2 adults 3 children | $994 | $1,107 | $1,678 | $1,113 | $1,016 |
| 1 adult 3 children | $994 | $904 | $1,223 | $1,113 | $1,137 |
| 2 adults 2 children | $795 | $906 | $1,422 | $971 | $899 |
| 1 adult 2 children | $795 | $677 | $967 | $971 | $876 |
| 2 adults 1 child | $795 | $716 | $1,165 | $509 | $818 |
| 1 adult 1 child | $795 | $463 | $711 | $509 | $690 |
| 2 adults | $691 | $575 | $909 | $0 | $678 |
| 1 adult | $581 | $314 | $455 | $0 | $569 |
Safety trends & Data
Davis County, Iowa has seen fluctuating property crime trends over the past five years. Larceny-theft incidents reached a peak of 9 occurrences in 2019, and fraud had its highest at 5 instances in 2018 before declining. Burglary incidents hit a low in 2021 but have risen since, while motor vehicle theft remains relatively rare, averaging 1 incident per year. These variations could influence property values, insurance costs, and perceptions of... Read more
Property Crime Trends in Davis County, IA Over the Last 5 Years
Davis County, Iowa has experienced a fluctuating trend in property crime over the last five years. Larceny-theft incidents varied significantly, peaking at 9 occurrences in 2019. Fraud peaked in 2018 with 5 instances but saw a decline afterward. Burglary and vandalism incidents occur sporadically, with burglary hitting a low in 2021 before rising again. Motor vehicle theft remains relatively rare with an average of 1 incident per year. Those interested in Davis County should note the volatility in crime types, which could impact property values, insurance premiums, and overall safety perceptions.
Demographics
Davis County, Iowa, shows a nearly balanced gender distribution among adults and a predominantly White population, while minority groups are notably small. Educational attainment varies, with a significant portion of adults holding no more than a high school diploma or some college education. The age distribution leans towards a younger demographic under 34 but also has sizable groups in the 55 to 64 range. Understanding these patterns is critical for tailoring community services and... Read more
Race Distribution in Davis County, Iowa (2022)
Educational Attainment in Davis County, Iowa (2022)
Age Distribution in Davis County, Iowa
Citizen Population in Davis County, Iowa (2022)
Political Trends & Data
Davis County, Iowa, leaned heavily Republican in the 2020 U.S. Presidential Election, indicating a strong conservative preference among its voters. The Democratic vote share was notably lower, with only minor support for Libertarian and Green parties. This polarized political landscape may limit the appetite for third-party candidates and could suggest a community with particular cultural and economic priorities, potentially affecting local real estate trends and buyer... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Davis County, Iowa, leaned heavily Republican in the 2020 U.S. Presidential Election, suggesting a strong conservative preference among voters. The Democratic vote share was significantly lower, with minor support for Libertarian and Green parties. This could hint at a largely polarized political landscape with limited appetite for third-party candidates.
73.99% of voters voted for the Republican party in the 2020 Presidential Election
24.70% of voters voted for the Democrat party in the 2020 Presidential Election
0.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.12% of voters voted for the Green party in the 2020 Presidential Election
0.46% of voters voted for the Other party in the 2020 Presidential Election
School Data
Davis County, Iowa has experienced a rising student-to-teacher ratio, increasing from roughly 11 students per teacher in 2016 to about 16 by 2019, slightly above the national average of 14. This shift suggests changes in classroom dynamics and individual student attention, potentially influencing local real estate values, school funding, and community attractiveness. For prospective investors and homebuyers, these educational trends may offer insights into the area's evolving school capacity... Read more
Student-to-teacher ratio in Davis County, Iowa over the last 10 years
Davis County, Iowa has seen a fluctuating student-to-teacher ratio over the past decade. Starting at a low of approximately 11 students per teacher in 2016, the ratio increased to around 16 by 2019 and has generally stayed in that range, slightly above the national average of 14 students per teacher. These changes can imply evolving classroom dynamics, affecting individual attention students receive. For those considering investing in the local real estate or moving to the area, understanding these trends might indicate shifts in school capacity and potential educational quality. Less favorable ratios could impact property values, school funding, and community appeal.
