Monroe County Real Estate and Livability Trends
Monroe County, Iowa has witnessed a notable 33% rise in median home values from $96,300 in 2015 to $128,000 in 2022, making it an attractive option compared to the state's increase from $129,200 to $181,600. This uptick aligns with rising average taxable incomes, suggesting economic improvements. However, spikes in state and local taxes and high residential energy tax credits, which peaked at... Read more
Monroe County Market Trends
Monroe County, Iowa has seen a notable 33% rise in median home values from $96,300 in 2015 to $128,000 in 2022, positioning itself as an affordable option compared to the state's growth from $129,200 to $181,600. Residential energy tax credits have varied significantly, peaking in 2016 at $760.00. Real estate taxes also increased markedly, peaking at $3,771.43 in 2019 before dropping slightly in... Read more
Median Value of Occupied Housing Units in Monroe County, Iowa Over the Last 8 Years
Over the past eight years, Monroe County, Iowa has experienced a noticeable increase in median home values, rising from $96,300 in 2015 to $128,000 in 2022, which is an approximately 33% increase. When compared to Iowa’s overall growth from $129,200 to $181,600 and the national trend moving from $125,500 to $179,400 within the same period, Monroe County remains more affordable but shows a similar upward trajectory. This data might suggest a growing local real estate market that could attract potential investors looking for more budget-friendly options within a state that is also experiencing consistent property value growth.
Residential Energy Tax Credit Per Tax Return in Monroe County, IA Over the Last 7 Years
Monroe County, Iowa has shown a varied pattern in residential energy tax credits per tax return over the last seven years, with significant fluctuations. The average tax credits peaked notably in 2016 at $760.00, a sharp increase from the $250.00 observed in 2015. Post-2016, the values have hovered between approximately $266.67 and $375.00, with 2021 closing at $375.00. This variability might be worth considering for potential investors, appraisers, and real estate agents looking into energy-efficient properties or financial incentives in Monroe County.
Average Real Estate Taxes Per Tax Return in Monroe County, IA Over the Last 10 Years
Real estate taxes in Monroe County, Iowa have shown a rising trend over the past decade, reaching a peak of $3,771.43 in 2019. While there was a slight decrease in 2020 to $3,625.00 and another drop to $3,037.50 in 2021, the general upward pattern suggests increasing property values or changes in tax policy. This information can be crucial for investors and residents in the area, as it may indicate potential shifts in the local real estate market and overall economic health.
Percentage of Farm Returns in Monroe County, IA Over the Last 10 Years
Farm tax returns in Monroe County, Iowa, have fluctuated modestly over the past decade, ranging between approximately 15.9% and 17.1%. These percentages represent the proportion of tax returns filed by farms in relation to total tax returns, indicating a generally steady agricultural presence in the region. For those considering investment, moving, building property, or already residing in Monroe County, this relatively stable farm tax return rate may hint at a consistent economic reliance on agriculture, suggesting both resilience and opportunity within this sector.
Number of Mortgages by Occupancy Type in Monroe County, IA Over the Last 5 Years in Monroe County
Over the last five years in Monroe County, Iowa, the primary occupancy type driving mortgage numbers has been principal residences, consistently outpacing investment and second residences. This dominance could suggest a stable or growing community of long-term residents, which might intrigue potential investors or new residents interested in a robust, primary residential market. Interestingly, mortgage counts for second residences and investment properties have remained relatively low and stable, perhaps indicating limited fluctuation in those markets. Understanding these dynamics can help real estate agents, appraisers, and insurance agents provide more tailored advice and services to their clients.
Economic Outlook
Monroe County, Iowa has shown a steady increase in average taxable income per tax return, going from $46,387.83 in 2013 to $67,344.35 by 2021, hinting at a potentially improving economic climate. Alongside this, state and local income taxes experienced notable spikes, particularly in 2018 when they rose sharply to $15,311.11, continuing up to $15,542.86 in 2021. This fluctuation might reflect economic shifts or policy changes affecting the cost of living. Investors and potential residents... Read more
Average Taxable Income per Tax Return in Monroe County, IA over the last 9 years
Monroe County, Iowa has seen a noticeable upward trend in average taxable income per tax return over the past nine years. Starting from $46,387.83 in 2013, the average income increased steadily, hitting $67,344.35 by 2021. This gradual rise suggests an improving economic environment, possibly attracting both current and potential investors. For those considering relocating or investing in Monroe County, this uptick might indicate promising opportunities for economic growth and property development.
Average State and Local Income Taxes Per Tax Return in Monroe County, IA Over the Last 10 Years
Monroe County, Iowa has seen its state and local income taxes per tax return exhibit significant fluctuations over the past decade. Notably, values spiked dramatically in 2018 to $15,311.11 from a relatively steady trend in the preceding years. This rise persisted into 2021, reaching $15,542.86. Such trends could reflect broader economic changes or policy shifts impacting disposable income and cost of living. Investors and potential residents should consider these tax variations when assessing the financial landscape.
Average Total Tax Liability Per Tax Return in Monroe County, IA Over the Last 10 Years
Average total tax liability per tax return in Monroe County, Iowa has shown a fluctuating and generally upward trend over the last decade. Starting at $6,250.00 in 2012, it peaked at $10,182.73 by 2021, suggesting potential economic growth or changes in tax policies. These changes can impact the cost of living and investment opportunities, making it a point of consideration for those eyeing property development or relocation.
Cost of Living in Monroe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,007 | $1,355 | $1,934 | $1,055 | $1,206 |
| 1 adult 4 children | $1,007 | $1,107 | $1,479 | $1,055 | $1,348 |
| 2 adults 3 children | $1,007 | $1,107 | $1,678 | $1,055 | $983 |
| 1 adult 3 children | $1,007 | $904 | $1,223 | $1,055 | $1,093 |
| 2 adults 2 children | $827 | $906 | $1,422 | $920 | $881 |
| 1 adult 2 children | $827 | $677 | $967 | $920 | $848 |
| 2 adults 1 child | $827 | $716 | $1,165 | $482 | $806 |
| 1 adult 1 child | $827 | $463 | $711 | $482 | $675 |
| 2 adults | $628 | $575 | $909 | $0 | $639 |
| 1 adult | $604 | $314 | $455 | $0 | $556 |
Safety trends & Data
Property crime trends in Monroe County, Iowa, have shown diverse year-on-year changes, hinting at possible shifts in local crime patterns. Burglary incidents peaked at 6.00 in 2019 but have since dipped to 2.00. Vandalism remains relatively higher, hitting 6.00 in 2021. Larceny-theft saw a slight uptick to 5.00 in 2020 and 2021, raising concerns for persistent issues. In contrast, motor vehicle theft and forgery incidents are consistently low. These dynamics likely impact property investment... Read more
Property Crime Trends in Monroe County, IA Over the Last 5 Years
Property crime trends in Monroe County, Iowa over the past five years show varied year-on-year changes, which may indicate shifts in local crime patterns. While the number of burglaries has fluctuated, peaking at 6.0 incidents in 2019 and dipping to 2.0 in subsequent years, vandalism incidents have remained relatively higher, reaching a maximum of 6.0 in 2021. Larceny-theft instances slightly increased to 5.0 in both 2020 and 2021, suggesting it is a persistent issue. Motor vehicle thefts and forgery and counterfeiting incidents remain consistently low, implying these are less frequent crimes in the area. These trends could influence property investment strategies, security measures for potential homeowners, and insurance agents' risk assessments in Monroe County.
Demographics
Monroe County, Iowa, exhibits a fairly balanced gender distribution among its adult population with a slight female majority. Educational attainment reveals a high percentage of residents with a high school diploma or some college education, yet there's a relatively low number of individuals with graduate degrees. Age-wise, the county has a significant portion of its population over the age of 45, indicating an aging demographic. Racial diversity appears limited, with an overwhelming majority... Read more
Race Distribution in Monroe County, Iowa (2022)
Educational Attainment in Monroe County, Iowa (2022)
Age Distribution in Monroe County, Iowa
Citizen Population in Monroe County, Iowa (2022)
Political Trends & Data
Monroe County, Iowa, experienced a significant tilt toward the Republican party in the 2020 U.S. Presidential Election, with Republicans capturing around 73% of the vote. Democrats received about 26%, while minor parties collectively garnered less than 1% each. This dominant support for conservative candidates and policies could suggest that local political leanings heavily favor Republican stances, potentially influencing various aspects of local governance and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Monroe County, Iowa, the 2020 U.S. Presidential Election results suggest a notable preference for the Republican party, which secured approximately 73% of the vote, compared to the Democrats with nearly 26%. Minor parties like the Libertarians, Greens, and others collectively garnered less than 1% each. This significant tilt toward the Republican side might imply strong local support for conservative policies and candidates.
72.85% of voters voted for the Republican party in the 2020 Presidential Election
26.37% of voters voted for the Democrat party in the 2020 Presidential Election
0.51% of voters voted for the Livertarian party in the 2020 Presidential Election
0.07% of voters voted for the Green party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Monroe County, Iowa's student-to-teacher ratio has generally been above the national average of 14 students per teacher, peaking at 19 in 2018 before stabilizing around 18. This trend suggests larger class sizes, which might influence real estate values and investment decisions. Families considering a move could be impacted by this, potentially affecting local educational funding... Read more
Student-to-teacher ratio in Monroe County, Iowa over the last 10 years
Monroe County, Iowa has exhibited fluctuations in its student-to-teacher ratio over the past decade, generally trending above the national average of 14 students per teacher. In 2018, the ratio peaked at approximately 19, before experiencing a slight decline. Notably, in recent years, the ratio has stabilized around 18, indicating a consistent demand for educational resources. This higher ratio compared to the national average may suggest larger class sizes, which could affect individual attention students receive, potentially influencing decisions for families considering a move, as well as impacting real estate values, investment decisions, and policy-making for local educational funding.
