Mills County Real Estate and Livability Trends
In Mills County, Iowa, the average taxable income per tax return has climbed notably from $62,881.87 in 2013 to $83,926.43 in 2021, perhaps indicating economic growth or policy shifts that could attract new residents and investors. Home values have significantly jumped from $153,100.00 in 2015 to $225,500.00 in 2022, outpacing both state and national trends, while average real estate taxes have... Read more
Mills County Market Trends
Home values in Mills County, Iowa, have surged significantly, advancing from $153,100.00 in 2015 to $225,500.00 in 2022, outpacing both state and national trends. Notable variability in energy tax credits per tax return, peaking at $817.65 in 2016 and jumping to $1,223.08 in 2021, indicates a growing local investment in energy-efficient home improvements. Average real estate taxes have steadily... Read more
Median Value of Occupied Housing Units in Mills County, Iowa Over the Last 8 Years
The median home values in Mills County, Iowa, have experienced a significant upward trend over the past eight years, with a notable jump from $153,100.00 in 2015 to $225,500.00 in 2022. This outpaces the state median, which rose from $129,200.00 to $181,600.00 during the same period, and also exceeds the national average, where values increased from $125,500.00 to $179,400.00. Such increases could make Mills County an attractive area for investment, as home values have appreciated faster compared to both state and national levels, potentially offering higher returns or better property valuation for homeowners.
Residential Energy Tax Credit Per Tax Return in Mills County, IA Over the Last 8 Years
Mills County, Iowa, saw significant fluctuations in residential energy tax credits per tax return over the past eight years, peaking notably in both 2016 at approximately $817.65 and in 2021 with an average of $1,223.08. This spike suggests a substantial and increasing investment in energy-efficient improvements. For those eyeing real estate in the area, this trend hints at a growing local focus on sustainability. Investors and insurance agents might take this as a positive indicator of property value appreciation and lower long-term utility costs, potentially translating into more attractive property appraisals and risk profiles.
Average Real Estate Taxes Per Tax Return in Mills County, IA Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Mills County, Iowa have steadily increased from $3,071.74 in 2012 to $5,148.78 in 2021. This consistent rise indicates a growing fiscal obligation for property owners, which could influence investment decisions, property values, and overall affordability. With an especially sharp increase seen between 2017 and 2020, stakeholders should consider potential impacts on housing market dynamics and budgeting.
Percentage of Farm Returns in Mills County, IA Over the Last 10 Years
Over the last 10 years in Mills County, Iowa, farm tax returns have shown a modest yet noticeable fluctuation, peaking in 2016 at approximately 6.42%. The highest point offers insight into the economic activity for local agriculture, both reflecting and influencing farm investment potential. Observations suggest that new investors or those interested in developing property here might want to consider these trends as part of their overall analysis, especially given the slow but steady downward trend to around 5.46% by 2021.
Number of Mortgages by Occupancy Type in Mills County, IA Over the Last 5 Years in Mills County
The number of mortgages for principal residences in Mills County, Iowa has shown a substantial increase from 641 in 2018 to 1206 by 2021, indicating a robust demand for housing among primary homeowners. In contrast, investment property mortgages have fluctuated modestly, peaking at 54 in 2021, which could suggest periodic interest among investors or market variability. Second residence mortgages remain consistently low, never exceeding 8 per year, highlighting limited demand for vacation or secondary homes. These shifts in mortgage types can impact property values, rental markets, and the overall economic landscape, affecting decisions for prospective buyers, real estate agents, investors, and insurance underwriters.
Economic Outlook
Mills County, Iowa, has experienced a steady rise in average taxable income per tax return, jumping from $62,881.87 in 2013 to $83,926.43 in 2021. Noteworthy increases, especially after 2017, hint at potential economic booms or policy shifts, making the area appealing to investors and new residents. However, average state and local income taxes have also risen from $6,084.47 in 2012 to $8,989.74 in 2021, peaking at $10,591.30 in 2019, which underscores the importance of analyzing tax trends for... Read more
Average Taxable Income per Tax Return in Mills County, IA over the last 9 years
Mills County, Iowa has seen a noticeable upward trajectory in average taxable income per tax return over the past nine years, with values rising from approximately $62,881.87 in 2013 to around $83,926.43 in 2021. This steady increase suggests growing economic prosperity which could be attractive for potential investors, builders, and new residents. The significant jumps, especially post-2017, indicate potential economic booms or favorable policy changes, positioning Mills County as a potentially lucrative spot for long-term investments and development.
Average State and Local Income Taxes Per Tax Return in Mills County, IA Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Mills County, Iowa increased significantly from $6,084.47 in 2012 to a peak of $10,591.30 in 2019, before slightly declining to $8,989.74 in 2021. This steady rise, especially notable from 2017 to 2019, indicates a growing tax burden which could influence financial planning for residents and potential investors. The fluctuations highlight the importance of monitoring tax trends for budgeting and forecasting property investment viability in Mills County.
Average Total Tax Liability Per Tax Return in Mills County, IA Over the Last 10 Years
Over the last decade, Mills County, Iowa has seen a noticeable upward trend in average total tax liability per tax return. Starting in 2012 at $9,426.93, the figures gradually increased, peaking dramatically to $13,448.07 in 2021. Such growth might suggest rising incomes or valuation adjustments within the region. For potential investors, homeowners, or developers, this trend could be indicative of economic health but also highlights the importance of staying alert to potential tax implications.
Cost of Living in Mills County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,172 | $1,456 | $2,116 | $1,524 | $1,612 |
| 1 adult 4 children | $1,172 | $1,189 | $1,628 | $1,524 | $1,784 |
| 2 adults 3 children | $1,172 | $1,189 | $1,831 | $1,524 | $1,348 |
| 1 adult 3 children | $1,172 | $971 | $1,343 | $1,524 | $1,478 |
| 2 adults 2 children | $876 | $974 | $1,546 | $1,340 | $1,068 |
| 1 adult 2 children | $876 | $727 | $1,058 | $1,340 | $1,095 |
| 2 adults 1 child | $876 | $769 | $1,261 | $743 | $937 |
| 1 adult 1 child | $876 | $497 | $773 | $743 | $812 |
| 2 adults | $718 | $618 | $976 | $0 | $719 |
| 1 adult | $648 | $337 | $488 | $0 | $599 |
Safety trends & Data
Property crime trends in Mills County, Iowa, reveal fluctuations that could impact property values and insurance rates. Burglary incidents peaked at 20 in 2020 but dropped sharply to 3 in 2021. Larceny-theft saw a notable increase to 32 cases in 2022, while motor vehicle theft surged from 2 cases in 2018 to 13 in 2022. Vandalism varied, peaking at 22 incidents in 2019 but dropping to 8 in 2020. These shifts in crime statistics could inform real estate agents, investors, and insurance agents... Read more
Property Crime Trends in Mills County, IA Over the Last 5 Years
Property crime trends in Mills County, Iowa over the past five years reveal fluctuations in specific crime categories. Burglary cases peaked in 2020 with 20 incidents but dropped to 3 in 2021. Larceny-theft has seen more stability with a notable increase to 32 cases in 2022. Motor vehicle theft surged from 2 cases in 2018 to 13 in 2022. Vandalism reflects some variability, with numbers as high as 22 in 2019 and dropping to 8 in 2020. These changes could inform real estate agents, investors, and insurance agents about the dynamic crime landscape, potentially impacting property values and insurance rates.
Demographics
Mills County, Iowa, exhibits a relatively balanced male-to-female adult population, with only a slight female majority. The educational attainment levels display a strong high school graduation rate and a significant portion of the population having attended some college or earned degrees, highlighting a robust educational foundation. Age-wise, there is a notable concentration in the 55 to 64-year bracket, which might indicate a maturing population that could influence future community... Read more
Race Distribution in Mills County, Iowa (2022)
Educational Attainment in Mills County, Iowa (2022)
Age Distribution in Mills County, Iowa
Citizen Population in Mills County, Iowa (2022)
Political Trends & Data
In Mills County, Iowa, the 2020 U.S. Presidential Election results indicate a strong Republican presence, with nearly 68% of the vote. The Democratic party trailed significantly with around 30%, leaving minor parties like the Libertarians and Greens with minimal traction. This data reflects a traditional two-party dominance, hinting that political preferences might influence various aspects of life, including real estate choices and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mills County, Iowa, the 2020 U.S. Presidential Election results suggest a dominant lean towards the Republican party, with nearly 68% of the vote. The Democratic party garnered around 30%, showing a significant gap, while minor parties like the Libertarians and Greens collectively captured only a small fraction of the electorate’s preference. There's a notable trend of traditional two-party dominance with minor parties struggling to make a significant impact.
67.92% of voters voted for the Republican party in the 2020 Presidential Election
30.33% of voters voted for the Democrat party in the 2020 Presidential Election
1.21% of voters voted for the Livertarian party in the 2020 Presidential Election
0.15% of voters voted for the Green party in the 2020 Presidential Election
0.39% of voters voted for the Other party in the 2020 Presidential Election
School Data
Mills County, Iowa, has seen its student-to-teacher ratio drop from around 21 students per teacher in 2014 to about 15 by 2023. This trend hints at improving education quality, which could boost property values and appeal to families prioritizing education. For real estate agents, appraisers, and insurance agents, the decreasing ratio might indicate evolving community demographics and economic stability, potentially impacting property assessments and insurance... Read more
Student-to-teacher ratio in Mills County, Iowa over the last 10 years
Mills County, Iowa, has seen notable fluctuations in its student-to-teacher ratio over the past decade, starting at around twenty-one students per teacher in 2014 and dropping to around fifteen by 2023. This trend is especially significant for investors, real estate agents, and potential residents as it may indicate evolving education quality and resource allocation in the area. The student-to-teacher ratio in Mills County has been consistently decreasing and is now lower than the national average of fourteen, suggesting potentially more personalized attention for students. This could contribute to higher property values and make the area more attractive for families prioritizing education. For appraisers and insurance agents, these changes might reflect a shift in community demographics and economic stability, impacting property assessments and insurance premiums.
