Fayette County Real Estate and Livability Trends
Fayette County, Iowa offers an intriguing real estate market over the past decade. Median home values climbed from $88,200 to $123,000, hinting at affordability despite lagging behind state and national medians. Average real estate taxes more than doubled to $3,559.09 by 2021, highlighting a significant cost increase. Remarkably stable farm returns around 12.5%-12.9% underscore the agricultural... Read more
Fayette County Market Trends
In Fayette County, Iowa, median home values rose from $88,200 to $123,000 over eight years, staying below state and national medians, presenting a potentially affordable entry point for investors. Residential energy tax credits per tax return fluctuated, peaking at $3,525.00 in 2018, signaling an increased focus on energy-efficient home improvements. Real estate taxes have surged, with average... Read more
Median Value of Occupied Housing Units in Fayette County, Iowa Over the Last 8 Years
Over the last eight years, Fayette County, Iowa saw its median home values increase from $88,200 to $123,000. Interestingly, while the county's home values have surged significantly, they still remain lower than both the state of Iowa, which grew from $129,200 to $181,600, and the national medians, which climbed from $125,500 to $179,400 during the same period. This trend could indicate a more affordable entry point for potential investors compared to state and national markets.
Residential Energy Tax Credit Per Tax Return in Fayette County, IA Over the Last 9 Years
Over the past nine years, Fayette County, Iowa has seen substantial fluctuations in its average residential energy tax credit per tax return. From a modest average of $313.64 in 2013, the credits surged dramatically, peaking at $3,525.00 in 2018. This increase reflects a growing investment in energy-efficient home improvements and renewable energy installations. For potential investors and residents, this trend suggests a community increasingly committed to sustainability, which may enhance property values and attract environmentally conscious buyers.
Average Real Estate Taxes Per Tax Return in Fayette County, IA Over the Last 10 Years
Fayette County, Iowa has experienced a notable increase in real estate taxes over the past decade, with average taxes per return rising from roughly $1,958.54 in 2012 to approximately $3,559.09 by 2021. This gradual climb suggests that property values or local tax rates are likely on the upswing, which might interest potential investors or those considering relocation. Real estate agents, appraisers, and insurance agents should take note of this trend as it could influence property demand and valuations. For anyone planning to invest in or build property in the area, understanding these tax trends could be crucial.
Percentage of Farm Returns in Fayette County, IA Over the Last 10 Years
Farm returns in Fayette County, Iowa have seen slight fluctuations over the past decade, generally hovering around 12.5% to 12.9%. These returns represent the proportion of farms filing tax returns, hinting at the economic vitality of the agricultural sector. Variations from a peak of roughly 12.91% in 2016 to a low of about 12.36% in 2015 might reflect changing market conditions, policy impacts, or operational shifts within the farming community. Understanding these trends is crucial for those looking to invest, build property, or move to the county, as they offer a glimpse into the stability and profitability of local farming operations. This data could be indicative of broader economic health and development potential in Fayette County.
Number of Mortgages by Occupancy Type in Fayette County, IA Over the Last 5 Years in Fayette County
Over the past five years, Fayette County, Iowa has seen varying levels of mortgage activity across different occupancy types. Principal residences have consistently dominated, peaking with 762 mortgages in 2021. Investment properties have shown a slight decline but remain relatively stable, with values hovering around 40-54 annually. Second residences, on the other hand, have had minimal activity, typically under ten mortgages per year. Understanding changes in occupancy type is crucial for investors, appraisers, real estate agents, and others involved in the property market. A high number of principal residence mortgages indicates strong demand for homes used as primary living spaces, which might be appealing to families and individuals moving to the area. On the flip side, stable figures for investment properties could signify an appealing environment for rental landlords or house flippers. Minimal activity in second residences suggests limited interest in vacation or secondary homes, possibly steering certain types of investors elsewhere. These trends can influence property values, insurance rates, and development opportunities, providing valuable insights for strategic decision-making.
Economic Outlook
Over the past decade, Fayette County, Iowa has experienced a generally upward trend in average taxable income per tax return, rising from $50,197.68 in 2013 to $62,944.66 in 2021. This might be an indicator of improving local economic conditions, attracting potential investors or new residents. Average state and local income taxes per tax return have also increased, climbing from $6,087.25 in 2012 to $8,415.79 in 2021, reflecting a shifting economic landscape. Additionally, total tax liability... Read more
Average Taxable Income per Tax Return in Fayette County, IA over the last 9 years
Over the past nine years, Fayette County, Iowa, has seen a somewhat fluctuating but generally upward trend in average taxable income per tax return. Since 2013, values have varied, with some decreases noted until 2017, bouncing back more significantly from 2018 onwards. By 2021, the figure rose to $62,944.66, compared to $50,197.68 in 2013. This upward trend may be a signal of improving local economic conditions, making it an interesting spot for potential investment or relocation.
Average State and Local Income Taxes Per Tax Return in Fayette County, IA Over the Last 10 Years
Fayette County, Iowa, has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting at $6,087.25 in 2012, the figure surged to $8,415.79 by 2021, with peaks in 2018 and 2020 reaching $7,919.05 and $8,850.00 respectively. This upward trend highlights a changing economic landscape, crucial for potential investors, homebuilders, or new residents considering the county's evolving financial climate.
Average Total Tax Liability Per Tax Return in Fayette County, IA Over the Last 10 Years
Fayette County, Iowa, has seen some fluctuation in average total tax liability per tax return over the past decade. Starting from $7,121.25 in 2012, there was an initial rise to $7,706.17 in 2013, followed by a dip in subsequent years, hitting a low of $6,432.75 in 2018 and 2019. Recently, there's been a notable uptick, reaching $8,519.46 in 2021. These shifts might interest investors or potential residents as they could reflect changes in local economic conditions, tax policy adjustments, or demographic shifts, all of which could affect the tax burden on households and businesses in the area.
Cost of Living in Fayette County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $973 | $1,387 | $2,164 | $1,063 | $1,276 |
| 1 adult 4 children | $973 | $1,133 | $1,657 | $1,063 | $1,405 |
| 2 adults 3 children | $973 | $1,133 | $1,877 | $1,063 | $1,036 |
| 1 adult 3 children | $973 | $925 | $1,370 | $1,063 | $1,133 |
| 2 adults 2 children | $795 | $928 | $1,589 | $927 | $913 |
| 1 adult 2 children | $795 | $693 | $1,082 | $927 | $871 |
| 2 adults 1 child | $795 | $733 | $1,302 | $486 | $828 |
| 1 adult 1 child | $795 | $474 | $795 | $486 | $682 |
| 2 adults | $604 | $589 | $1,014 | $0 | $654 |
| 1 adult | $532 | $321 | $507 | $0 | $541 |
Safety trends & Data
Property crime trends in Fayette County, Iowa, over the last five years highlight some significant patterns, especially for potential investors and new residents. There's been a sharp decline in burglary incidents from 19.00 in 2018 to just 3.00 in 2022, suggesting improved security or policing. Larceny-theft numbers fluctuated, peaking at 35.00 in 2021 but dropping to 6.00 in 2022. Motor vehicle thefts have remained low, falling to 3.00 in 2022. This variability in crime rates is key for real... Read more
Property Crime Trends in Fayette County, IA Over the Last 5 Years
Property crime trends in Fayette County, Iowa over the last five years suggest some notable patterns which might be important for stakeholders. For anyone looking to invest or move to the area, it's interesting to see a sharp decline in burglary from 19.0 incidents in 2018 to just 3.0 in 2022, perhaps indicating improved security measures or policing. Larceny-theft numbers showed a fluctuation, initially high at 28.0 in 2018, peaking at 35.0 in 2021, but then noticeably dropping to 6.0 in 2022. Motor vehicle thefts remained relatively low, the highest being 8.0 in 2018 and falling to 3.0 in 2022. Vandalism and fraud activities have varied, with some sporadic increases and decreases but overall showing no extreme spikes. This variability in crime might be crucial for real estate agents, appraisers, and insurance agents when evaluating property values and insurance premiums within the county.
Demographics
The adult population in Fayette County, Iowa is nearly evenly split between males and females. Educational attainment shows that most adults have high school diplomas and a significant portion attended some college, yet fewer progressed to bachelor's or graduate degrees. Age distribution suggests a balanced mix across age groups, with a slight concentration among those aged 55 to 64. The racial composition is predominantly White, with minimal representation from other racial groups,... Read more
Race Distribution in Fayette County, Iowa (2022)
Educational Attainment in Fayette County, Iowa (2022)
Age Distribution in Fayette County, Iowa
Citizen Population in Fayette County, Iowa (2022)
Political Trends & Data
Fayette County in Iowa showed a strong conservative presence in the 2020 U.S. Presidential Election, with Republicans potentially securing around 61% of the vote compared to Democrats' probable 38%. Minor parties such as the Libertarians and Greens had minimal impact, capturing perhaps just 1% and even less, respectively. This data could suggest a solidly Republican voter base and limited push from third-party candidates, likely shaping the local political landscape... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Fayette County in Iowa leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans possibly securing around 61% of the vote. Democrats seemed to have garnered about 38%, showing a significant gap between the two major parties. Minor parties like the Libertarians and Greens barely made a dent, with Libertarians potentially capturing just 1% and Greens even less. This trend might indicate a strong conservative base and limited influence from third parties.
60.61% of voters voted for the Republican party in the 2020 Presidential Election
37.65% of voters voted for the Democrat party in the 2020 Presidential Election
1.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Green party in the 2020 Presidential Election
0.47% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Fayette County, Iowa, the student-to-teacher ratio has seen notable changes over the past decade. While it was around the national average of 14 students per teacher in the early and mid-2010s, spikes to over 20 students per teacher occurred in 2017 and 2020. These fluctuations might indicate increased student enrollment without a proportional rise in teaching staff or potential budget constraints, affecting educational quality and possibly making the area less appealing to families seeking... Read more
Student-to-teacher ratio in Fayette County, Iowa over the last 10 years
In Fayette County, Iowa, the student-to-teacher ratio has experienced notable fluctuations over the last decade. While the ratio hovered around the national average of fourteen students per teacher in the early and mid-2010s, it saw a significant spike to twenty in 2017 and again reached over twenty in 2020. These higher ratios could suggest periods of increased student enrollment without a proportional increase in teaching staff or possibly budget constraints impacting hiring. Such variations are critical for potential investors, homeowners, real estate agents, and educators as they impact educational quality, potentially making the area less attractive to families prioritizing smaller class sizes. For appraisers and insurance agents, understanding these trends could provide context on community investments in education and infrastructure.
