Montgomery County Real Estate and Livability Trends
Montgomery County, Iowa has experienced a notable increase in taxable income per tax return, from $49,398.13 in 2013 to $62,675.43 in 2021, suggesting economic growth that could attract investors and new residents. Median home values have risen from $78,700 in 2015 to $99,300 in 2022, outpacing state and national rates at times. Property crimes have varied, with peaks in arson cases and vandalism... Read more
Montgomery County Market Trends
Montgomery County, Iowa has seen a steady rise in median home values, climbing from $78,700 in 2015 to $99,300 in 2022. This growth, outpacing state and national rates at times, suggests potentially untapped opportunities for investors and buyers seeking affordable homes. Though residential energy tax credits peaked at $833.33 in 2017, they’ve since declined to $260.00 in 2021, possibly... Read more
Median Value of Occupied Housing Units in Montgomery County, Iowa Over the Last 8 Years
Montgomery County, Iowa has experienced steady growth in median home values over the past eight years, rising from $78,700 in 2015 to $99,300 in 2022. Although local values remain well below both state and national averages, this upward trend could signal a potentially promising market for investors and homebuyers seeking more affordable options. Additionally, the growth rate in Montgomery County outpaced the statewide and national rates at times, suggesting that the county might offer untapped opportunities compared to higher-priced regions.
Residential Energy Tax Credit Per Tax Return in Montgomery County, IA Over the Last 8 Years
Montgomery County, Iowa saw fluctuations in residential energy tax credits per tax return over the past eight years, peaking at $833.33 in 2017. Although there was a significant increase between 2013 and 2017, recent years have shown a decline, with 2021 values dropping to $260.00. For property investors and real estate agents, these trends might indicate varying levels of investment in energy-efficient home improvements, which could impact property values and market demand. For those considering building or insuring homes, such fluctuations could suggest evolving priorities or economic conditions influencing energy efficiency initiatives in the county.
Average Real Estate Taxes Per Tax Return in Montgomery County, IA Over the Last 10 Years
Montgomery County, Iowa has seen a notable increase in average real estate taxes per tax return over the past decade, rising from around $2,372.04 in 2012 to approximately $3,764.29 by 2021. Particularly between 2017 and 2020, a significant spike occurred, peaking at about $4,316.67 in 2020. This upward trend could signal rising property valuations or tax rates, making it essential for prospective investors, real estate agents, and appraisers to stay informed.
Percentage of Farm Returns in Montgomery County, IA Over the Last 10 Years
Over the past decade, Montgomery County, Iowa, has seen a generally stable but mildly fluctuating percentage of farm tax returns, ranging from around 9.10% to just under 10.00%. Although there was a slight peak in 2016 at almost 10.00%, the percentage has slightly declined since, ending at roughly 9.11% in 2021. A farm tax return typically signifies an individual or entity's agricultural production and income, acting as a barometer for the viability and economic participation of farming activities in the area. For investors or newcomers, this data might suggest a stable agricultural presence but highlights a slight decline that could influence future economic forecasts and property valuations.
Number of Mortgages by Occupancy Type in Montgomery County, IA Over the Last 5 Years in Montgomery County
Montgomery County, Iowa has seen fluctuations in the number of mortgages across different occupancy types over the last five years, with significant differences in investment property and principal residence counts. The data shows a consistent interest in principal residences, with a noticeable peak in 2021. On the other hand, investment property mortgages have varied more dramatically, peaking in 2019 but dropping substantially by 2022. Second residences have remained quite rare. For investors and real estate professionals, such shifts in occupancy type could signal changes in market conditions, potential rental income opportunities, or housing supply dynamics. Moreover, appraisers and insurance agents might find these trends useful for assessing property values and risk factors.
Economic Outlook
Montgomery County, Iowa has seen a steady rise in taxable income per tax return over the past nine years, jumping from $49,398.13 in 2013 to $62,675.43 in 2021, signaling economic growth that might attract investors and new residents. However, the county's state and local income taxes per tax return have shown a general upward trend, peaking notably in 2013 and 2019, which might affect both current and potential residents' financial decisions. Additionally, the total tax liability per tax... Read more
Average Taxable Income per Tax Return in Montgomery County, IA over the last 9 years
Over the past nine years, Montgomery County, Iowa has seen a noticeable increase in the average taxable income per tax return, rising from $49,398.13 in 2013 to $62,675.43 in 2021. This steady upward trend, particularly significant post-2017, suggests a strengthening local economy which could be attractive to potential investors and new residents. The more recent spike in income levels also hints at improved job opportunities and economic growth in the area.
Average State and Local Income Taxes Per Tax Return in Montgomery County, IA Over the Last 10 Years
Over the past decade, Montgomery County, Iowa has experienced significant fluctuations in state and local income taxes per tax return, with notable peaks in 2013 at $7,488.24 and 2019 at $9,830.00. The trend shows a general upward trajectory, indicating an increasing tax burden that could impact residents and potential investors alike. Insight into these changes is crucial for anyone considering financial moves in the area, as it reflects broader economic influences and could affect property values and living expenses.
Average Total Tax Liability Per Tax Return in Montgomery County, IA Over the Last 10 Years
Over the last decade, Montgomery County, Iowa has seen fluctuations in its average total tax liability per tax return, influenced by various economic conditions. After starting at $7,591.29 in 2012, the liability dipped to $6,766.37 in 2019, before rising significantly to $8,444.39 in 2021. Such variability might reflect changes in local income levels, property values, and economic policies, making it a potentially insightful metric for investors and future residents aiming to understand the financial landscape of the county.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $968 | $1,456 | $2,105 | $1,114 | $1,279 |
| 1 adult 4 children | $968 | $1,189 | $1,612 | $1,114 | $1,405 |
| 2 adults 3 children | $968 | $1,189 | $1,826 | $1,114 | $1,035 |
| 1 adult 3 children | $968 | $971 | $1,332 | $1,114 | $1,131 |
| 2 adults 2 children | $795 | $974 | $1,546 | $971 | $911 |
| 1 adult 2 children | $795 | $727 | $1,053 | $971 | $866 |
| 2 adults 1 child | $795 | $769 | $1,267 | $509 | $819 |
| 1 adult 1 child | $795 | $497 | $773 | $509 | $672 |
| 2 adults | $604 | $618 | $987 | $0 | $641 |
| 1 adult | $581 | $337 | $494 | $0 | $542 |
Safety trends & Data
Montgomery County, Iowa has experienced fluctuating property crime rates over the past five years. Arson cases peaked at 4 in 2020, while burglary incidents varied, hitting 7 in 2022 compared to lower numbers in earlier years. Larceny-Theft numbers were consistently higher, peaking at 28 in 2020. Vandalism showed a lot of variability but generally had more occurrences than other crimes. These insights might be significant for real estate professionals, investors, and residents who are... Read more
Property Crime Trends in Montgomery County, IA Over the Last 5 Years
Montgomery County, Iowa has seen fluctuating property crime rates over the last five years. Arson remained relatively low with a minor peak in 2020 at 4 cases, while burglary saw variations with 7 incidents in 2022 up from 1 in some earlier years. Larceny-Theft consistently had higher figures, peaking at 28 cases in 2020. Notably, vandalism showed variability but had more occurrences compared to other categories. These trends are crucial for real estate professionals, prospective investors, and local residents who might be evaluating the safety and stability of the area for property investments and community safety planning.
Demographics
Montgomery County, Iowa, shows a slight female majority in its adult population. Over 60% have at least a high school diploma, pointing to relatively good educational attainment. The age distribution suggests a diverse age population, with a notably large group aged 55 to 64. Ethnic diversity is present but limited, with a predominantly White... Read more
Race Distribution in Montgomery County, Iowa (2022)
Educational Attainment in Montgomery County, Iowa (2022)
Age Distribution in Montgomery County, Iowa
Citizen Population in Montgomery County, Iowa (2022)
Political Trends & Data
In Montgomery County, Iowa, the real estate market is potentially influenced by its strong conservative voter base, as seen in the 2020 Presidential Election where about 69% favored the Republican Party. This political climate may affect local policies, the appeal of certain developments, and even the types of amenities valued by prospective buyers. The notable lack of third-party support could further indicate a community with clear, established preferences, potentially impacting market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Montgomery County, Iowa, displayed a strong leaning towards the Republican Party in the 2020 U.S. Presidential Election, with approximately 69% of the votes. The Democratic Party trailed significantly, capturing roughly 30% of the vote. Smaller parties like the Libertarian and Green parties drew minimal support, reflecting a trend that third-party candidates continue to face substantial challenges in gaining traction. This distribution might suggest a largely conservative voter base in this region.
68.82% of voters voted for the Republican party in the 2020 Presidential Election
29.72% of voters voted for the Democrat party in the 2020 Presidential Election
0.94% 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
0.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Montgomery County, Iowa, the student-to-teacher ratio saw ups and downs over the past decade, aligning mostly with the national average of 14 students per teacher from 2014-2019. An unusual spike to 17 students per teacher occurred in 2020, likely due to pandemic-related factors, before stabilizing at around 15 by 2023. These shifts in ratios can affect classroom manageability and education quality, key considerations for families, educators, and... Read more
Student-to-teacher ratio in Montgomery County, Iowa over the last 10 years
In Montgomery County, Iowa, the student-to-teacher ratio has shown modest fluctuations over the past decade, largely in line with the national average of fourteen students per teacher from 2014 to 2019. However, a notable spike occurred in 2020 with a ratio of seventeen, potentially reflecting pandemic-related dynamics. This gradually tapered off, reaching approximately fifteen students per teacher by 2023. For education stakeholders, changes in this ratio could impact classroom manageability and education quality, influencing decisions for families, educators, and investors. A higher ratio often signifies more students per teacher, potentially affecting personalized attention and resource allocation.
