Lucas County Real Estate and Livability Trends
Home values in Lucas County, Iowa have seen an impressive climb from $82,400 in 2015 to $111,000 in 2022, reflecting an upward market trend while still offering affordable options compared to the state median of $181,600. This growth, coupled with the peak in residential energy tax credits at $1,400.00 in 2021, hints at a local push for energy-efficient improvements which could further boost... Read more
Lucas County Market Trends
Lucas County, Iowa, shows promising real estate trends with home values climbing from $82,400 in 2015 to $111,000 in 2022, offering affordable opportunities compared to Iowa’s median of $181,600. Notably, 2021 saw residential energy tax credits peak at $1,400.00, hinting at a surge in energy-efficient improvements, which might boost property values. Real estate taxes have risen from $2,387.50... Read more
Median Value of Occupied Housing Units in Lucas County, Iowa Over the Last 8 Years
The median home values in Lucas County, Iowa have experienced steady growth over the past eight years, with a significant jump from $82,400 in 2015 to $111,000 in 2022. Comparing this to the state and national trends, Lucas County has seen a notable increase, albeit from a lower baseline. In 2022, the county's median home value is still below Iowa's $181,600 and the U.S. median of $179,400, which suggests potential affordability for new buyers and investors looking for growth opportunities in a less saturated market.
Residential Energy Tax Credit Per Tax Return in Lucas County, IA Over the Last 8 Years
Residential energy tax credits in Lucas County, Iowa show significant variability over the last eight years, ranging from $300.00 in 2017 to a peak of $1,400.00 in 2021. Investors and homeowners might find the spike in 2021 especially noteworthy, potentially indicating increased adoption of energy-efficient improvements. For real estate agents and builders, this trend could signal a growing demand for energy-efficient homes, which may also appeal to insurance agents assessing risk and future claims. Moreover, appraisers might consider how these credits impact home valuations, particularly in recognizing the added value of energy-efficient features.
Average Real Estate Taxes Per Tax Return in Lucas County, IA Over the Last 10 Years
Over the last decade, Lucas County, Iowa has experienced a trending increase in average real estate taxes per tax return. Starting at $2,387.50 in 2012, these taxes have steadily risen, reaching nearly $3,478.00 by 2021. This upward trajectory, with minor fluctuations, suggests a growing fiscal demand on property owners. The most significant spikes occurred around 2018 and 2020, where jumps to $$2,958.33 and $3,475.00 respectively were noted. Such changes are likely to impact decisions for investors, appraisers, and anyone contemplating real estate transactions or living in Lucas County, potentially influencing property values, insurance premiums, and overall market dynamics.
Percentage of Farm Returns in Lucas County, IA Over the Last 10 Years
Lucas County, Iowa, has seen relatively stable farm tax returns over the past decade, fluctuating subtly between 13.61% and 14.46%. This minor variability suggests a consistent agricultural presence, potentially indicating robust farming activities and resilient land use policies. For investors, developers, and new residents, this stability may imply that agriculture remains a key economic driver in the area, promising steady returns in terms of both investment and property development tied to farming ventures.
Number of Mortgages by Occupancy Type in Lucas County, IA Over the Last 5 Years in Lucas County
Over the past five years in Lucas County, Iowa, there's a notable stability in investment properties, hovering around the mid-to-high teens annually, whereas principal residences show a more dynamic increase peaking at 454 mortgages in 2021 before slightly dropping. Second residences remain relatively negligible. Changes in occupancy type offer clues to the local economy's health; stable or increasing investments indicate confidence among investors, which can signal growth opportunities, while variations in principal residences might reflect economic shifts, impacting everything from home values to insurance premiums. Understanding these trends helps investors, appraisers, and real estate agents make informed decisions tailored to the market's pulse.
Economic Outlook
Lucas County, Iowa has experienced a steady rise in average taxable income per tax return, from $43,776.84 in 2013 to $58,198.70 in 2021, hinting at economic growth and financial stability. State and local income taxes per return have also surged, peaking at $12,775.00 in 2020 from $5,094.20 in 2012, reflecting a shifting fiscal landscape. Meanwhile, total tax liability per return has generally climbed from $5,754.55 in 2012 to $7,383.61 in 2021. These trends suggest that the county’s... Read more
Average Taxable Income per Tax Return in Lucas County, IA over the last 9 years
Lucas County, Iowa has shown a steady increase in the average taxable income per tax return over the last nine years, starting from $43,776.84 in 2013 to $58,198.70 in 2021. This upward trend suggests potential economic growth and financial stability in the area, which could be appealing for new residents, investors, and developers considering Lucas County for building or other investment opportunities.
Average State and Local Income Taxes Per Tax Return in Lucas County, IA Over the Last 10 Years
Lucas County, Iowa has seen a significant trend in rising state and local income taxes per tax return over the past decade. Starting at an average of $5,094.20 in 2012, there has been a noticeable ascent, with considerable jumps in recent years—peaking at $12,775.00 in 2020. This consistent increase is vital for anyone considering investment or property development in the area, as it reflects the fiscal environment of the county.
Average Total Tax Liability Per Tax Return in Lucas County, IA Over the Last 10 Years
Lucas County, Iowa has seen a generally upward trend in the average total tax liability per tax return over the past decade. In 2012, the average liability was approximately $5,754.55, climbing to around $7,383.61 by 2021. This gradual increase, with some fluctuations, indicates potentially rising incomes or changes in tax policies affecting residents. For those considering investment or relocation, understanding these trends can provide insight into the economic environment and fiscal dynamics impacting the county.
Cost of Living in Lucas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,149 | $1,420 | $1,934 | $1,126 | $1,316 |
| 1 adult 4 children | $1,149 | $1,159 | $1,479 | $1,126 | $1,472 |
| 2 adults 3 children | $1,149 | $1,160 | $1,678 | $1,126 | $1,081 |
| 1 adult 3 children | $1,149 | $947 | $1,223 | $1,126 | $1,208 |
| 2 adults 2 children | $944 | $949 | $1,422 | $982 | $943 |
| 1 adult 2 children | $944 | $709 | $967 | $982 | $929 |
| 2 adults 1 child | $944 | $750 | $1,165 | $515 | $856 |
| 1 adult 1 child | $944 | $485 | $711 | $515 | $724 |
| 2 adults | $717 | $603 | $909 | $0 | $669 |
| 1 adult | $690 | $329 | $455 | $0 | $583 |
Safety trends & Data
Property crime in Lucas County, Iowa has seen some fluctuations over the past five years. Burglary has generally decreased, but larceny-theft remains consistently higher compared to other property crimes. Vandalism spiked notably in 2022, standing out as an outlier year. Fraud and motor vehicle theft levels have been relatively low but steady. These trends might be informative for potential investors and residents evaluating the area's security and risk... Read more
Property Crime Trends in Lucas County, IA Over the Last 5 Years
Property crime in Lucas County, Iowa has exhibited some fluctuations over the past five years. Notably, instances of burglary have generally decreased, while larceny-theft remains consistently higher in occurrence when compared to other property crimes. Vandalism saw a significant jump in 2022, marking it as an outlier year. Crimes such as fraud and motor vehicle theft have remained relatively low but steady, suggesting they are less prevalent concerns for the community. Understanding these trends could be valuable for potential investors, residents, and professionals assessing the security and risk factors associated with living or doing business in Lucas County.
Demographics
Lucas County, Iowa, showcases a fairly balanced gender distribution among its adults, with males slightly outnumbering females. The majority of the population holds at least a high school diploma, but there’s a noticeable drop-off at higher education levels. Interestingly, the age distribution indicates an aging population, with a significant portion of residents being 55 years or older. The county's racial makeup is predominantly White, with minimal representation from other racial groups.... Read more
Race Distribution in Lucas County, Iowa (2022)
Educational Attainment in Lucas County, Iowa (2022)
Age Distribution in Lucas County, Iowa
Citizen Population in Lucas County, Iowa (2022)
Political Trends & Data
Lucas County, Iowa, leaned significantly towards the Republican party in the 2020 U.S. Presidential Election, with about 71% of the vote. The Democratic party received roughly 28%, showing a clear preference for major parties and perhaps reflecting broader regional cultural influences on voter behavior. Minor parties like the Libertarian and Green had minimal impact, suggesting that third-party candidates had little sway in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lucas County, Iowa, showcased a significant tilt towards the Republican party in the 2020 U.S. Presidential Election, with approximately 71% of the vote. In contrast, the Democratic party garnered around 28%, indicating a substantial disparity. Minor parties like Libertarian and Green made negligible impacts, highlighting a clear preference for major political parties within the county. This leaning could be reflective of broader regional or cultural influences affecting voter behavior in this area.
71.17% of voters voted for the Republican party in the 2020 Presidential Election
27.73% of voters voted for the Democrat party in the 2020 Presidential Election
0.65% of voters voted for the Livertarian party in the 2020 Presidential Election
0.13% of voters voted for the Green party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lucas County, Iowa, has seen some ups and downs in its student-to-teacher ratio, sometimes hovering above and below the national average of fourteen students per teacher. In 2023, a drop to around thirteen students per teacher might be a sign of improving educational quality due to smaller class sizes. For real estate agents and prospective movers, this could mean an increasingly appealing area for families. Appraisers and insurance agents might view this as a positive indicator of community... Read more
Student-to-teacher ratio in Lucas County, Iowa over the last 10 years
Over the past decade, Lucas County, Iowa exhibited fluctuations in its student-to-teacher ratio, with values sometimes above and below the national average of fourteen students per teacher. Notably, in 2023, the ratio dropped to around thirteen, suggesting potential increases in educational quality due to smaller class sizes. For real estate agents and those looking to move, this trend might indicate improving local schools, which could make the area more attractive to families. Similarly, appraisers and insurance agents might infer a positive trajectory in community investment in education, potentially affecting property values and risk assessments. Investors and developers could see in this trend an opportunity to respond to a possibly increasing demand for housing driven by a growing perception of better schooling.
