Madison County Real Estate and Livability Trends
Home values in Madison County, Iowa have surged from $160,200 in 2015 to $230,500 in 2022, which may attract both investors and homebuyers looking for areas with promising returns. Sharp increases in energy tax credits, from $910.53 per return in 2013 to $4,266.67 in 2018, reveal a growing commitment to energy-efficient homes, hinting at potential property value appreciation. A steady rise in... Read more
Madison County Market Trends
In Madison County, Iowa, median home values skyrocketed from $160,200 in 2015 to $230,500 in 2022, outpacing state and national trends. This rise may signal enhanced desirability for investors and homebuyers. Energy tax credits saw dramatic spikes from $910.53 per return in 2013 to $4,266.67 in 2018, pointing toward heightened interest in energy-efficient homes, which could drive property values... Read more
Median Value of Occupied Housing Units in Madison County, Iowa Over the Last 8 Years
Median home values in Madison County, Iowa, have seen a significant upward trend over the last eight years, rising from $160,200 in 2015 to $230,500 in 2022. This local increase outpaces both statewide figures in Iowa, which went from $129,200 to $181,600, and nationwide, where median values rose from $125,500 to $179,400 over the same period. This suggests that Madison County might be becoming a more desirable location for investors and potential homeowners, relative to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Madison County, IA Over the Last 9 Years
Madison County, Iowa has seen significant fluctuations in residential energy tax credits per tax return over the past nine years. Beginning at $910.53 in 2013, there was a notable spike reaching $4,266.67 in 2018, highlighting a potential increase in energy-saving investments. The most recent data from 2021 also suggests a renewed interest in energy-efficient home improvements, with an average credit of $2,507.69. These trends could be indicative for real estate agents and investors of a growing market for energy-efficient homes, potentially translating to higher property values and investment returns, as well as relevant factors for appraisors and insurance agents to consider.
Average Real Estate Taxes Per Tax Return in Madison County, IA Over the Last 10 Years
Madison County, Iowa, has experienced a steady increase in average real estate taxes per tax return over the last decade. Starting from $3,238.89 in 2012, it saw a consistent rise each year, reaching $6,146.43 in 2021. This trend may indicate a growing local real estate market, attracting potential investors and homebuyers. Higher taxes could also imply improvements in public infrastructure or increased property values, which might be pivotal data for appraisers and real estate agents. For insurers and those looking to build property, understanding these trends could be critical for future planning and risk assessment.
Percentage of Farm Returns in Madison County, IA Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Madison County, Iowa shows a mild but consistent downward trend, dipping from around 13.29% in 2012 to approximately 12.06% by 2021. Farm tax returns typically indicate the proportion of income generated from agricultural activities, and these figures offer a snapshot of the economic health and evolution of the farming sector in the county. This trend may suggest shifts in local economic reliance on farming, which can be a pivotal insight for investors and residents considering the agricultural stability and growth potential of the region.
Number of Mortgages by Occupancy Type in Madison County, IA Over the Last 5 Years in Madison County
Madison County, Iowa, has seen fluctuations in mortgage counts over the last five years, with a notable peak in principal residences in 2020, reaching 1,479. Investment property mortgages, however, experienced a decline, from 59 in 2019 to 31 in 2022. The trends in occupancy type can signal shifts in the market's stability and investor confidence. Changes in principal residences can impact everything from local school funding to community development, while shifts in investment properties may indicate changing market opportunities or challenges for investors. For insurance agents and appraisers, understanding these dynamics is crucial in assessing risk and property values. Real estate agents and builders can leverage this data to better position themselves in a market influenced by both residential and investment interests.
Economic Outlook
Madison County, Iowa has experienced a significant rise in average taxable income per tax return, moving from $61,764.86 in 2013 to $83,744.49 in 2021. This could signal a strengthening economy, attracting investors and new residents. Meanwhile, local and state income taxes have seen major fluctuations, with a notable peak in 2021 at $10,926.92, hinting at increasing economic activity or tax policy changes. Additionally, the average total tax liability per tax return has grown from $8,924.68 in... Read more
Average Taxable Income per Tax Return in Madison County, IA over the last 9 years
Madison County, Iowa has seen a noticeable increase in average taxable income per tax return over the past nine years, climbing from $61,764.86 in 2013 to $83,744.49 in 2021. This steady growth trend may suggest a strengthening local economy, making the area potentially attractive for investors, new residents, and property developers. With income levels rising, the region might offer growing opportunities for businesses targeting higher-income demographics.
Average State and Local Income Taxes Per Tax Return in Madison County, IA Over the Last 10 Years
Madison County, Iowa, has seen significant fluctuations in state and local income taxes per tax return over the past decade, with notable increases in 2015 and more recently in 2021, where the average hit $10,926.92. For potential investors and residents, this could imply growing economic activities or changes in tax policies, impacting disposable incomes and cost of living. Such a trend might reflect a burgeoning economy that demands closer attention from individuals looking to capitalize on market opportunities or those weighing the cost of living implications.
Average Total Tax Liability Per Tax Return in Madison County, IA Over the Last 10 Years
In Madison County, Iowa, the average total tax liability per tax return has shown a noticeable upward trend, with figures rising from $8,924.68 in 2012 to $12,594.39 in 2021. These increases suggest potential economic growth or changes in local tax policies that could impact decisions for individuals and businesses considering this region. However, fluctuations such as a dip in 2018 to $9,863.26 also indicate variability, which might interest investors looking for detailed fiscal stability before committing resources.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,330 | $1,629 | $1,712 | $1,685 | $1,704 |
| 1 adult 4 children | $1,330 | $1,330 | $1,316 | $1,685 | $1,905 |
| 2 adults 3 children | $1,330 | $1,331 | $1,482 | $1,685 | $1,439 |
| 1 adult 3 children | $1,330 | $1,086 | $1,086 | $1,685 | $1,601 |
| 2 adults 2 children | $970 | $1,089 | $1,252 | $1,482 | $1,109 |
| 1 adult 2 children | $970 | $814 | $856 | $1,482 | $1,179 |
| 2 adults 1 child | $970 | $861 | $1,022 | $822 | $966 |
| 1 adult 1 child | $970 | $556 | $626 | $822 | $854 |
| 2 adults | $803 | $692 | $792 | $0 | $731 |
| 1 adult | $714 | $377 | $396 | $0 | $613 |
Safety trends & Data
Madison County, Iowa has experienced a notable decline in property crimes over the past five years, with larceny-theft cases dropping from 19 in 2018 to just 1 in both 2021 and 2022. Burglary and vandalism incidents also generally trend downward, indicating improving safety. This reduction in crime could potentially attract more investors, property developers, and new residents, enhancing its appeal for lifestyle and business... Read more
Property Crime Trends in Madison County, IA Over the Last 5 Years
Madison County, Iowa has seen a decline in property crimes over the past five years, with notable decreases in larceny-theft cases — from 19 in 2018 to just 1 in both 2021 and 2022. Burglary and vandalism have shown more variability but on a generally downward trend, suggesting improving safety. Lower crime rates could attract potential investors, property developers, and new residents, making it an appealing destination for both lifestyle and business opportunities.
Demographics
Madison County, Iowa reveals a gender balance in its adult population with a slight male majority. Education-wise, the majority of residents have at least a high school diploma, while roughly 20% have earned a bachelor's or higher degree. Age distribution suggests a balanced spread across age groups, but there might be a notable concentration in the 55 to 64-year range. Racially, the county is predominantly White, with limited representation from other racial groups. This demographic data... Read more
Race Distribution in Madison County, Iowa (2022)
Educational Attainment in Madison County, Iowa (2022)
Age Distribution in Madison County, Iowa
Citizen Population in Madison County, Iowa (2022)
Political Trends & Data
In Madison County, Iowa, the real estate market may be influenced by the strong conservative lean of the area, with around 66% of votes in the 2020 election likely going to Republicans. This political climate might attract buyers who prefer conservative communities, potentially impacting demand and property values. On the flip side, the minimal support for minor parties indicates a less diverse political landscape, which could be a deterrent for those seeking a more politically varied... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Madison County in Iowa showed a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with around 66% of the votes potentially going their way. Democrats seemed to have garnered close to 32%, while minor parties like the Libertarians, Greens, and others appeared to barely make a dent, with votes hovering around 1% or less. This distribution might suggest a predominantly conservative voter base in the county.
66.42% of voters voted for the Republican party in the 2020 Presidential Election
31.90% of voters voted for the Democrat party in the 2020 Presidential Election
1.26% 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
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
Madison County, Iowa has seen fluctuating student-to-teacher ratios over the past decade, ranging from a low of 13 students per teacher in 2016 to nearly 15 in 2018 and 2020. These ratios mostly hover around the national average of 14 students per teacher. Lower ratios typically mean more personalized attention for students, which can be appealing to families and educators. This trend may signal a stable or attractive location for new families, potentially impacting housing demand and property... Read more
Student-to-teacher ratio in Madison County, Iowa over the last 10 years
The student-to-teacher ratio in Madison County, Iowa has shown some fluctuations over the past decade, ranging from a low of around 13 students per teacher in 2016 to a high of almost 15 students per teacher in 2018 and 2020. Compared to the national average of 14 students per teacher, Madison County's ratios have mostly aligned with or occasionally dipped below average. Lower ratios suggest more personalized attention for students, potentially appealing to families and educators seeking a more supportive schooling environment. For investors, appraisers, and those in real estate, understanding these trends could indicate a stable or attractive location for new families, possibly affecting housing demand and values.
