Hancock County Real Estate and Livability Trends
In Hancock County, Iowa, real estate trends reflect a dynamic market with rising median home values, increasing from $91,600 in 2015 to $116,000 in 2022, which position the area as an affordable option compared to broader averages. Despite a slight recent decrease, real estate taxes have almost doubled over the past decade, peaking at $3,425.00 in 2020, implying an overall increase that echoes... Read more
Hancock County Market Trends
In Hancock County, Iowa, the median home value has risen from $91,600 in 2015 to $116,000 in 2022, making it an affordable outlier compared to state and national averages. Real estate taxes have nearly doubled over the past decade, peaking at $3,425.00 in 2020 before slightly decreasing. Energy tax credits showed significant peaks in 2016 and 2020, hinting at sporadic investments in energy... Read more
Median Value of Occupied Housing Units in Hancock County, Iowa Over the Last 8 Years
In Hancock County, Iowa, the median home value has shown significant growth over the past eight years, jumping from $91,600 in 2015 to $116,000 in 2022. Compared to statewide trends, where Iowa's median home value rose from $129,200 to $181,600 in the same period, Hancock County offers a much more affordable option for buyers. Additionally, this is well below the national median value, which surged from $125,500 to $179,400. These price points suggest that Hancock County might be an attractive market for those looking to invest in reasonably priced property, providing a stark contrast to pricier state and national averages.
Residential Energy Tax Credit Per Tax Return in Hancock County, IA Over the Last 8 Years
Hancock County, Iowa has seen fluctuating averages in residential energy tax credits, with notable peaks in 2016 and 2020, where the average reached $900.00 and $916.67 respectively. The variability could hint at shifts in energy efficiency investments or changes in policy incentives. Most recently, the 2021 average dropped to $383.33, suggesting a potential decline in qualifying expenditures or a change in tax credit claims. This ebb and flow can be crucial for real estate agents and investors looking to advise clients on the potential financial benefits tied to energy-efficient improvements in the area.
Average Real Estate Taxes Per Tax Return in Hancock County, IA Over the Last 10 Years
Over the last decade, Hancock County, Iowa has seen a noticeable trend in average real estate taxes per tax return, starting at $1,762.50 in 2012 and peaking at $3,425.00 in 2020 before a slight decline to $3,311.76 in 2021. This steady increase likely reflects rising property values or changes in tax rates. Investors and potential homebuyers might find these figures relevant for assessing long-term cost implications, while appraisers and insurance agents could see this as indicative of broader economic trends affecting property valuations.
Percentage of Farm Returns in Hancock County, IA Over the Last 10 Years
Over the last 10 years, Hancock County in Iowa has seen a slight decline in the percentage of farm tax returns, starting at 12.40% in 2012 and dropping to 10.89% by 2021. Despite minor fluctuations, the overall trend tends to be downward, indicating potential shifts in the agricultural economy or changes in tax filing behavior among farmers. For investors and future property owners, this trend could suggest evolving agricultural dynamics which may influence land use and property values in the area. Understanding these patterns is key for anyone looking to make informed decisions regarding investments or relocations within Hancock County.
Number of Mortgages by Occupancy Type in Hancock County, IA Over the Last 5 Years in Hancock County
Occupancy type trends in Hancock County, Iowa show notable fluctuations over the past five years. Principal residences consistently dominate the mortgage count, peaking in 2021 with 264 mortgages. Investment properties, however, have seen a sharp decline, particularly from 22 in 2018 to just one in 2022. These changes matter because they reflect shifting demand dynamics that influence local property values, investment rates, and insurance premiums, all critical pieces of intel for investors, homebuyers, real estate agents, and appraisers looking to make informed decisions. Understanding these nuanced shifts can also help builders and developers align their projects with market demand, ensuring that new properties meet the needs of the community.
Economic Outlook
Hancock County, Iowa has experienced a significant rise in average taxable income, climbing from $53,891.33 in 2013 to $74,628.40 in 2021. This suggests improving economic stability, attracting potential investors, residents, and developers. The average state and local income taxes saw fluctuations but generally rose, reaching a peak in 2019 at $9,650.00 before dropping to $7,787.50 by 2021. Despite the drop, the overall upward trend in tax liabilities may indicate higher incomes or tax policy... Read more
Average Taxable Income per Tax Return in Hancock County, IA over the last 9 years
Hancock County, Iowa has seen a notable increase in average taxable income per tax return over the past nine years. Starting at $53,891.33 in 2013, it has risen steadily, peaking dramatically at $74,628.40 in 2021. Such a trend suggests a potentially growing economic stability and rising earnings for residents, which could be appealing for investors, potential residents, and developers alike, signaling a robust economic backbone in this region.
Average State and Local Income Taxes Per Tax Return in Hancock County, IA Over the Last 10 Years
Over the last decade, Hancock County, Iowa has experienced a fluctuating trend in average state and local income taxes per tax return. After a significant increase between 2012 ($6,118.52) and 2013 ($7,400.00), taxes saw mild variations but generally increased sharply, peaking in 2019 at $9,650.00. Despite a slight drop in 2020 to $9,200.00 and a further decrease in 2021 to $7,787.50, overall trends indicate a primarily upward trajectory. This steady rise in tax liabilities could reflect increased income levels or changes in tax policies, presenting vital considerations for prospective investors and residents evaluating the fiscal landscape.
Average Total Tax Liability Per Tax Return in Hancock County, IA Over the Last 10 Years
Hancock County, Iowa has seen a fluctuating yet notable increase in average total tax liability per tax return over the past decade, peaking at $10,574.17 in 2021. These trends could indicate rising incomes or changes in tax policies that may impact potential investors or residents. The relatively higher tax liabilities in recent years might suggest a growing economic base or improved property values, elements crucial for those considering property investments or relocations in this region. It’s a sign of possibly shifting financial dynamics worth exploring for anyone involved in the local real estate market or community planning.
Cost of Living in Hancock County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,096 | $1,516 | $1,777 | $1,046 | $1,265 |
| 1 adult 4 children | $1,096 | $1,238 | $1,358 | $1,046 | $1,416 |
| 2 adults 3 children | $1,096 | $1,239 | $1,542 | $1,046 | $1,032 |
| 1 adult 3 children | $1,096 | $1,011 | $1,123 | $1,046 | $1,155 |
| 2 adults 2 children | $795 | $1,014 | $1,307 | $913 | $873 |
| 1 adult 2 children | $795 | $757 | $888 | $913 | $836 |
| 2 adults 1 child | $795 | $801 | $1,073 | $478 | $796 |
| 1 adult 1 child | $795 | $518 | $654 | $478 | $664 |
| 2 adults | $645 | $644 | $838 | $0 | $648 |
| 1 adult | $581 | $351 | $419 | $0 | $550 |
Safety trends & Data
Property crime in Hancock County, Iowa, has shown fluctuating trends over the last five years, with occasional spikes in burglary and larceny-theft. Burglary cases have increased from one in 2019 to three in 2022, and there was a significant spike in larceny-theft incidents in 2021. These trends might be crucial for insurance agents assessing risks and for real estate professionals advising clients on neighborhood... Read more
Property Crime Trends in Hancock County, IA Over the Last 5 Years
Property crime in Hancock County, Iowa shows fluctuating trends over the last five years, with notable increases in certain offenses like burglary and larceny-theft. While vandalism incidents have largely remained low, burglary cases have gradually risen from one in 2019 to three in 2022. There was a significant spike in larceny-theft incidents in 2021, which could indicate emerging areas of concern for prospective investors and residents. These patterns can be critical for insurance agents assessing risks and for real estate professionals guiding clients on neighborhood safety.
Demographics
Hancock County, Iowa shows a balanced gender ratio among its adults, with males and females nearly equal in number. Educational attainment varies, with the majority having at least a high school diploma, but a significant fraction has engaged in some higher education without holding a degree. The age distribution reveals a slightly older population, with sizeable groups in the 55 to 74 years bracket, hinting at potential aging concerns. The racial breakdown is predominantly White, with small... Read more
Race Distribution in Hancock County, Iowa (2022)
Educational Attainment in Hancock County, Iowa (2022)
Age Distribution in Hancock County, Iowa
Citizen Population in Hancock County, Iowa (2022)
Political Trends & Data
Hancock County, Iowa leans significantly Republican, with 71% of the 2020 U.S. Presidential Election vote going to the GOP. Democrats received about 27%, pointing to a considerable gap. Minor parties like Libertarians and Greens garnered just about 1% of the vote, suggesting a strong and entrenched political leaning that may shape local policies and voter engagement... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hancock County, Iowa tends to lean heavily Republican based on the 2020 U.S. Presidential Election data, where around 71% of the vote went to the GOP. Democrats garnered approximately 27%, indicating a significant gap. Minor parties, including Libertarians and Greens, captured a negligible share, roughly 1% combined. This suggests a deeply entrenched political leaning that could influence local policy and voter engagement strategies.
71.31% of voters voted for the Republican party in the 2020 Presidential Election
27.27% of voters voted for the Democrat party in the 2020 Presidential Election
0.79% of voters voted for the Livertarian party in the 2020 Presidential Election
0.11% of voters voted for the Green party in the 2020 Presidential Election
0.52% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Hancock County, Iowa, has hovered close to the national average of 14 over the past ten years, seeing fluctuations from around 12 in 2014 to nearly 16 in 2021. This trend suggests balanced classroom sizes, which could enhance the area's appeal to families. For investors, developers, and real estate professionals, maintaining this ratio may indicate robust educational infrastructure, potentially bolstering property values and indicating stable community... Read more
Student-to-teacher ratio in Hancock County, Iowa over the last 10 years
Over the last decade, the student-to-teacher ratio in Hancock County, Iowa, has seen some fluctuation, starting at about 12 in 2014, peaking at nearly 16 in 2021, and settling closer to 14 in 2023. The ratio in recent years has generally been in line with the national average of 14 students per teacher, which could suggest balanced classroom sizes. For potential investors, developers, and real estate professionals, maintaining or improving this ratio might indicate good educational infrastructure, possibly making the area more attractive to families. For appraisers and insurance agents, consistent ratios within national norms might imply stable community growth and property values.
