Shelby County Real Estate and Livability Trends
Shelby County, Iowa, has experienced an increase in average taxable income per tax return, surging from $58,764.46 in 2013 to $77,593.32 in 2021. The median home values have climbed from $108,800 in 2015 to $152,900 in 2022, though at a slower pace compared to state and national levels, suggesting a potentially more stable market for investors. Property crime rates have seen fluctuations, with... Read more
Shelby County Market Trends
The median home values in Shelby County, Iowa have risen from $108,800 in 2015 to $152,900 in 2022, a growth rate that is less aggressive compared to the overall state and national averages. This could point to a less overheated market, potentially offering more stable investment opportunities for first-time buyers and investors. Residential energy tax credits have fluctuated significantly,... Read more
Median Value of Occupied Housing Units in Shelby County, Iowa Over the Last 8 Years
Median home values in Shelby County, Iowa have experienced a noticeable rise over the last eight years, starting from $108,800 in 2015 and reaching $152,900 in 2022. Compared to the state of Iowa, which saw an increase from $129,200 to $181,600 within the same period, Shelby County's growth appears moderately less aggressive. The national trend also shows a similar pattern, beginning at $125,500 and surging to $179,400. This relatively lower rate of increase might suggest a less overheated market, potentially offering better opportunities for first-time buyers or investors seeking more stability in property values. Potential investors and those considering relocating should weigh these trends carefully, as they indicate Shelby County’s housing market might provide a more balanced and potentially less volatile investment compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in Shelby County, IA Over the Last 8 Years
Shelby County, Iowa's residential energy tax credit figures have shown notable fluctuations over the past eight years, with a sharp peak in 2015 at $1,430.00 and a significant high of $1,000.00 again in 2017. More recently, amounts have collectively averaged closer to $500.00, suggesting heightened variability in investment incentives likely tied to energy-efficient home improvements. For investors, builders, and real estate agents, this trend may indicate a county with potential opportunities or current incentives for enhancing property values through green energy initiatives, making it a crucial aspect to consider when appraising property or offering tailored insurance solutions.
Average Real Estate Taxes Per Tax Return in Shelby County, IA Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Shelby County, Iowa have shown a notable upward trend, peaking at approximately $4,242.11 in 2020 before a slight decline to about $3,715.79 in 2021. This rise underscores potential increases in property values and possibly shifts in county tax policies, which could be significant for investors, prospective homeowners, and real estate professionals gauging market stability and future growth.
Percentage of Farm Returns in Shelby County, IA Over the Last 10 Years
The percentage of farm tax returns in Shelby County, Iowa appears to have fluctuated slightly over the past decade, with values generally hovering around 12.8% to 13.3%. These minor changes suggest a fairly consistent agricultural presence in the county, which might imply stability for those looking to invest in farming or related industries here. Farm tax returns relate to the income reported by farmers, indicating the economic activity in this sector. This consistency might be appealing for those interested in building property or moving to Shelby County, as it suggests a stable local economy rooted in agriculture.
Number of Mortgages by Occupancy Type in Shelby County, IA Over the Last 5 Years in Shelby County
Shelby County, Iowa has seen varying trends in the number of mortgages by occupancy type over the last five years. Principal Residence mortgages are the most prevalent, peaking in 2020 and 2021. Investment Property mortgages have remained relatively steady with a slight decline in 2020. Second Residence mortgages consistently represent a small portion. These shifts in occupancy types can influence several factors for investors, real estate agents, and appraisers, such as market demand, property valuations, and insurance considerations. For those looking to build or move to the area, understanding these trends can provide insights into community growth and housing stability.
Economic Outlook
Shelby County, Iowa, has experienced a notable rise in average taxable income per tax return, reaching $77,593.32 in 2021 from $58,764.46 in 2013. This trend suggests potential economic growth and improving financial conditions for residents, which may pique the interest of investors and developers. Meanwhile, average state and local income taxes per return have shown significant fluctuations, peaking at $11,975.00 in 2019, reflecting either rising incomes or adjustments in tax rates.... Read more
Average Taxable Income per Tax Return in Shelby County, IA over the last 9 years
Shelby County, Iowa's average taxable income per tax return has seen a notable increase over the past nine years, peaking at $77,593.32 in 2021. This upward trend may be indicative of economic growth and improving financial conditions for residents. While there have been slight fluctuations, the overall rise from $58,764.46 in 2013 highlights a potential for sustainable economic stability. Investors, potential residents, and developers might find Shelby County attractive due to these positive economic signals, suggesting a thriving community and a possibly robust consumer base.
Average State and Local Income Taxes Per Tax Return in Shelby County, IA Over the Last 10 Years
Shelby County, Iowa has seen significant fluctuations in average state and local income taxes per tax return over the last decade. Starting at around $6,906.11 in 2012, the trend showcases a general upward movement, peaking at $11,975.00 in 2019. Notably, 2018 and 2020 also marked high values, with $9,643.48 and $9,822.22 respectively. This growth in tax values indicates rising incomes or tax rate adjustments, making Shelby County an intriguing locale for potential investors and residents keen on understanding local economic dynamics.
Average Total Tax Liability Per Tax Return in Shelby County, IA Over the Last 10 Years
Shelby County, Iowa has seen fluctuating average total tax liability per tax return over the past decade, peaking at $11,932.47 in 2021. Despite a notable dip to $8,231.00 in 2018, the general trend might suggest resilience and growth potential. Investors and potential property developers could find this volatility indicative of underlying economic shifts, making Shelby County both a challenging yet potentially rewarding market. Those considering relocating should also weigh these fiscal changes as part of their decision-making process.
Cost of Living in Shelby County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,130 | $1,432 | $2,105 | $1,084 | $1,367 |
| 1 adult 4 children | $1,130 | $1,169 | $1,612 | $1,084 | $1,516 |
| 2 adults 3 children | $1,130 | $1,170 | $1,826 | $1,084 | $1,120 |
| 1 adult 3 children | $1,130 | $955 | $1,332 | $1,084 | $1,240 |
| 2 adults 2 children | $795 | $957 | $1,546 | $945 | $921 |
| 1 adult 2 children | $795 | $715 | $1,053 | $945 | $884 |
| 2 adults 1 child | $795 | $757 | $1,267 | $495 | $833 |
| 1 adult 1 child | $795 | $489 | $773 | $495 | $689 |
| 2 adults | $676 | $608 | $987 | $0 | $683 |
| 1 adult | $581 | $332 | $494 | $0 | $562 |
Safety trends & Data
Over the past five years, Shelby County, Iowa has seen fluctuating property crime rates, with larceny-theft incidents peaking at 6.00 in 2022 and burglary arrests averaging around 1.00 per year. Motor vehicle thefts reached a high of 3.00 in 2018, while a sudden increase in vandalism in 2021 matched 2018 levels at 3.00. These varying trends in property-related crime might influence decisions by potential investors, real estate agents, and residents considering the area's short-term spikes and... Read more
Property Crime Trends in Shelby County, IA Over the Last 5 Years
Over the last five years, Shelby County, Iowa has experienced fluctuating property crime rates. Larceny-theft incidents peaked at 6.00 in 2022 after a notable dip in 2019 and 2020. Burglary arrests have remained relatively low, averaging around 1.00 per year, while motor vehicle thefts saw minor increases with a high of 3.00 in 2018. Vandalism showed a sudden increase in 2021 reaching 3.00 again, comparable to 2018 levels. With these varying trends, potential investors, real estate agents, and residents should consider both the short-term spikes and longer-term stability in property-related crime.
Demographics
Shelby County, Iowa, shows a nearly balanced adult population with a slight female majority. The educational attainment distribution suggests a solid foundation, with a significant portion having completed high school or higher education. Age distribution highlights an older demographic, especially in the 55-64 and 65-74 age brackets, indicating potential needs for senior services. Shelby County's racial makeup is predominantly White, with very limited... Read more
Race Distribution in Shelby County, Iowa (2022)
Educational Attainment in Shelby County, Iowa (2022)
Age Distribution in Shelby County, Iowa
Citizen Population in Shelby County, Iowa (2022)
Political Trends & Data
Shelby County, Iowa, voted overwhelmingly Republican in the 2020 U.S. Presidential Election, with Republicans capturing close to 70% of the vote. Democrats lagged behind significantly, earning less than 30%, while Libertarian and Green parties received minimal support, each around 1% or less. This voting pattern indicates that third parties may have a tough time establishing a foothold in this predominantly Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Shelby County, Iowa, shows a marked preference for the Republican party, which garnered nearly 70% of the vote in the 2020 U.S. Presidential Election. Democrats trailed significantly, with less than 30%, while Libertarian and Green parties barely made a dent, both securing around 1% or less. The data suggests that third parties might struggle to gain traction in this predominantly Republican area.
69.33% of voters voted for the Republican party in the 2020 Presidential Election
28.83% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.52% of voters voted for the Other party in the 2020 Presidential Election
School Data
Shelby County, Iowa has seen its student-to-teacher ratio swing noticeably over the past decade, peaking at 22 in 2017 before stabilizing around the national average of 14. Such fluctuations may signal changes in local education policy or funding. These shifts can be crucial for investors, real estate agents, and potential movers, as a lower ratio often implies smaller class sizes and more individualized student attention, potentially boosting the area's appeal to... Read more
Student-to-teacher ratio in Shelby County, Iowa over the last 10 years
Shelby County, Iowa has seen significant fluctuations in its student-to-teacher ratio over the past decade. Starting from around 13 students per teacher in 2014, the ratio peaked dramatically at 22 in 2017 before averaging closer to the national average of 14 in recent years. The county's ratios suggest that local education policy, funding, or other influences might have varied considerably during this period. For potential investors, real estate agents, and those considering a move, a lower ratio generally indicates smaller class sizes and potentially more individualized attention for students, which could enhance the attractiveness of the area for families.
