Franklin County Real Estate and Livability Trends
Franklin County, Iowa, shows intriguing trends that highlight potential for property development and investment. Average taxable income per tax return hit $72,975.63 in 2021, indicating growing economic stability. Median home values increased from $85,900 in 2015 to $108,200 in 2022, staying budget-friendly compared to state and national levels. Real estate taxes nearly doubled, pointing to... Read more
Franklin County Market Trends
In Franklin County, Iowa, median home values rose from $85,900 in 2015 to $108,200 in 2022, still trailing the state and national medians, making it attractive for budget-conscious buyers. The residential energy tax credit per tax return has shown substantial fluctuation, peaking at $1,800.00 in 2020, highlighting increased investments in energy-efficient home improvements. Real estate taxes per... Read more
Median Value of Occupied Housing Units in Franklin County, Iowa Over the Last 8 Years
Franklin County, Iowa has seen median home values rise from $85,900 in 2015 to $108,200 in 2022. While this reflects a healthy gain, it's still below the 2022 Iowa state median of $181,600 and the national median of $179,400. This trend could make Franklin County appealing for more budget-conscious buyers looking for lower entry points, while still offering room for property appreciation.
Residential Energy Tax Credit Per Tax Return in Franklin County, IA Over the Last 8 Years
In Franklin County, Iowa, the residential energy tax credit per tax return has shown significant volatility over the past eight years, peaking at $1,800.00 in 2020 but also hitting a low of $436.36 in 2016. The substantial rise in recent years, particularly the spike in 2020 and steady level above $1,000.00 since then, signals growing investment in energy-efficiency improvements by homeowners. This trend could indicate increasing awareness and adoption of sustainable living practices, potentially making the county a burgeoning market for green technology businesses and an attractive location for eco-conscious residents.
Average Real Estate Taxes Per Tax Return in Franklin County, IA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Franklin County, Iowa have shown a general upward trend, nearly doubling from $1,954.76 in 2012 to $3,386.67 in 2021. Notably, there was a significant spike between 2018 and 2019, jumping from $2,689.47 to $3,322.22, which could be indicative of rising property values or increased tax rates. This trend could affect prospective property buyers, real estate investors, and homeowners, highlighting the importance of considering potential tax increases when planning long-term investments or relocations. For insurance agents and appraisers, this data suggests a need to adjust evaluations and premiums accordingly, reflecting the increasing financial commitment required for property ownership in the county.
Percentage of Farm Returns in Franklin County, IA Over the Last 10 Years
Farm tax returns in Franklin County, Iowa, have shown some variability but remained relatively stable over the past decade. The highest percentage was observed in 2013 at approximately 13.24%, while 2020 saw a low around 11.88%. Generally hovering between 11% and 14%, these numbers suggest consistent agricultural activity in the area. Those considering investing in or moving to Franklin County might find this stability encouraging, as it hints at a steady farming industry which could be beneficial for local economic conditions and community resources.
Number of Mortgages by Occupancy Type in Franklin County, IA Over the Last 5 Years in Franklin County
Over the past five years, Franklin County, Iowa has seen fluctuating trends in mortgage counts by occupancy type, with a notable dominance of principal residences. Investment properties, though consistently lower in number, have exhibited slight increases at times, suggesting a potential growing interest in income-generating properties. The low and relatively stable counts for second residences may imply limited demand for vacation homes or secondary living spaces in the area. These shifts could influence decisions for investors, developers, and real estate agents, as they reflect changing preferences and economic conditions affecting housing markets. Understanding these trends helps appraisers and insurance agents gauge the risk and value associated with different property types in the region.
Economic Outlook
Franklin County, Iowa, has shown a steady rise in average taxable income per tax return, peaking at about $72,975.63 in 2021 after a dip in 2016. This upward trend hints at growing economic stability and some potential for property development. The fluctuating state and local income taxes, which peaked at $10,223.53 in 2019 but fell to $6,857.14 by 2021, are important for planning, indicating potential changes in the financial landscape. Total tax liabilities have also varied, with notable... Read more
Average Taxable Income per Tax Return in Franklin County, IA over the last 9 years
Franklin County, Iowa, generally shows a steady increase in average taxable income per tax return over the past nine years. After a notable dip in 2016, the income levels rebounded and consistently rose, hitting a peak of approximately $72,975.63 in 2021. This upward trend potentially suggests a growing economic stability and an attractive environment for investment and property development. For those considering moving to or living in Franklin County, the rising incomes might imply improving job opportunities and economic conditions.
Average State and Local Income Taxes Per Tax Return in Franklin County, IA Over the Last 10 Years
Residents and potential investors should note that average state and local income taxes in Franklin County, Iowa, have fluctuated significantly over the past decade. Despite a peak in 2019 at $10,223.53, taxes have generally seen a downward trend since, dropping to $6,857.14 by 2021. This volatility in tax rates is crucial for budgeting and long-term financial planning for both individuals and businesses considering relocation or investment in the area.
Average Total Tax Liability Per Tax Return in Franklin County, IA Over the Last 10 Years
In Franklin County, Iowa, average total tax liability per tax return has shown notable fluctuations over the last decade. Starting at $10,528.29 in 2012, it hit a low of $7,488.51 in 2018 before spiking to $10,680.11 in 2021. Investors and potential residents should consider these tax trends when evaluating the financial climate, as they may suggest economic shifts or policy changes affecting individual tax burdens.
Cost of Living in Franklin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,092 | $1,516 | $1,777 | $1,097 | $1,280 |
| 1 adult 4 children | $1,092 | $1,238 | $1,358 | $1,097 | $1,435 |
| 2 adults 3 children | $1,092 | $1,239 | $1,542 | $1,097 | $1,046 |
| 1 adult 3 children | $1,092 | $1,011 | $1,123 | $1,097 | $1,173 |
| 2 adults 2 children | $795 | $1,014 | $1,307 | $956 | $884 |
| 1 adult 2 children | $795 | $757 | $888 | $956 | $853 |
| 2 adults 1 child | $795 | $801 | $1,073 | $501 | $802 |
| 1 adult 1 child | $795 | $518 | $654 | $501 | $671 |
| 2 adults | $604 | $644 | $838 | $0 | $634 |
| 1 adult | $581 | $351 | $419 | $0 | $551 |
Safety trends & Data
Franklin County, Iowa has experienced varied property crime trends over the past five years. Larceny-theft cases peaked at 9.00 in 2019 but dropped to 3.00 by 2022. Vandalism arrests surged to 7.00 in 2020 before falling to 1.00 in 2022, hinting at temporary influences. Burglary and fraud have remained low but steady, with occasional increases. For investors, appraisers, or insurers, these fluctuations offer valuable insights into the evolving security landscape of the... Read more
Property Crime Trends in Franklin County, IA Over the Last 5 Years
Franklin County, Iowa has seen notable fluctuations in property crime over the past five years with varying trends across different crime categories. Incidents of larceny-theft peaked in 2019 with 9.00 reported cases but have since seen a decline to just 3.00 in 2022. Vandalism arrests surged to 7.00 in 2020 but dropped to 1.00 by 2022, suggesting potential temporary factors that year. Burglary and fraud have remained relatively low but steady, with occasional upticks. For anyone looking to invest, appraise, or insure property, understanding these crime patterns could offer crucial insights into the community's evolving security landscape.
Demographics
Franklin County, Iowa's demographics reveal a nearly balanced gender distribution with a slight female majority. Education levels show potential for growth in higher education, as a substantial portion of the adult population have attained only a high school diploma or some college experience without a degree. Age distribution points to a significant number of residents in the 55 to 64 age range, making them potentially influential in local economics and healthcare needs. The county is... Read more
Race Distribution in Franklin County, Iowa (2022)
Educational Attainment in Franklin County, Iowa (2022)
Age Distribution in Franklin County, Iowa
Citizen Population in Franklin County, Iowa (2022)
Political Trends & Data
Franklin County, Iowa, generally leans Republican, with GOP candidates possibly receiving around two-thirds of the vote in recent elections. Democrats might be obtaining about a third, while minor parties like the Libertarian and Green parties appear to have little influence, each struggling to reach even one percent. This Republican dominance could shape the local political landscape and policy-making... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Franklin County, Iowa, saw a notable leaning toward Republican candidates, with them potentially securing nearly two-thirds of the votes. Democrats garnered approximately a third of the total votes, lagging behind significantly. Minor parties, including the Libertarian and Green parties, seem to have had minimal impact, each capturing less than one percent of the vote share. This trend suggests a strong Republican presence, which might influence local political dynamics and policy decisions.
66.92% of voters voted for the Republican party in the 2020 Presidential Election
31.70% of voters voted for the Democrat party in the 2020 Presidential Election
0.88% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
Franklin County, Iowa has seen its student-to-teacher ratio increase from 10 to around 13 students per teacher by 2023, still below the national average of 14. This could hint at shifts in educational funding, enrollment, or staffing that could impact education quality. Such trends might reflect community development and stability, key factors for potential investors or new residents. This data can be a useful tool for real estate agents and appraisers when assessing property values, as... Read more
Student-to-teacher ratio in Franklin County, Iowa over the last 10 years
Franklin County, Iowa has experienced fluctuations in the student-to-teacher ratio over the last decade, with a notable increase from 10 students per teacher to around 13 students per teacher by 2023. Although still below the national average of 14, these changes might suggest shifts in educational funding, enrollment rates, or staffing levels, which can impact the quality of education. For potential investors or those looking to move to Franklin County, these trends could be indicative of evolving educational priorities and resources, offering insights into community development and stability. Real estate agents and appraisers might find this data useful when assessing property values location-wise, as education quality often influences market desirability.
