Taylor County Real Estate and Livability Trends
Taylor County, Iowa, is seeing some insightful real estate trends. From 2015 to 2022, the median home value jumped by 48.3%, reaching $104,500, making it an enticing option for investors due to its relatively low entry costs. The rise in real estate taxes, which doubled from $1,691.67 in 2012 to $3,225.00 in 2021, reflects an increasing property tax burden that could impact affordability.... Read more
Taylor County Market Trends
Between 2015 and 2022, the median home value in Taylor County, Iowa, surged from $70,400 to $104,500, a 48.3% increase. While still lower than the state and national medians, this trend might signal an attractive investment opportunity due to relatively lower entry costs and appreciating property values. Meanwhile, residential energy tax credits peaked at an average of $1,025.00 per tax return in... Read more
Median Value of Occupied Housing Units in Taylor County, Iowa Over the Last 8 Years
Between 2015 and 2022, the median home value in Taylor County, Iowa, surged from $70,400 to $104,500. While this 48.3% increase is impactful, housing prices in Taylor County still remain significantly lower than the state and national medians. For context, the median home value in Iowa went from $129,200 to $181,600 during the same period, and the national median rose from $125,500 to $179,400. This trend signals a potentially attractive investment opportunity in Taylor County for those seeking lower entry costs while benefiting from steadily appreciating property values.
Residential Energy Tax Credit Per Tax Return in Taylor County, IA Over the Last 6 Years
Residential energy tax credits in Taylor County, Iowa have seen noticeable fluctuations over the past six years, peaking at an average of $1,025.00 per tax return in 2014. This spike suggests a higher investment in energy-efficient improvements during that time. Despite a decrease in subsequent years, the tax credit levels seem to stabilize around $400.00 to $566.67. This varying pattern could reflect changing energy policies, market conditions, or homeowner behaviors, making it a point of interest for investors and property developers looking at energy efficiency trends and potential savings in the region.
Average Real Estate Taxes Per Tax Return in Taylor County, IA Over the Last 10 Years
Real estate taxes in Taylor County, Iowa, have generally trended upward over the last decade, nearly doubling from $1,691.67 in 2012 to $3,225.00 in 2021. The significant rise, particularly between 2017 and 2020, suggests an increasing property tax burden that could affect home affordability and investment returns. This ongoing trend may be a critical consideration for potential investors and current homeowners when planning their financial strategies. Additionally, real estate agents, appraisers, and insurance agents should factor this in for more accurate forecasting and advising clients.
Percentage of Farm Returns in Taylor County, IA Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Taylor County, Iowa has hovered around 20%, with slight fluctuations. This suggests that a consistent portion of the county's residents are engaged in farming, which could be indicative of stable agricultural activity in the region. For potential investors, property builders, or those looking to relocate, understanding farm tax returns might be crucial. These returns provide insights into the scale and health of local agriculture, affecting land value, community sustainability, and economic viability—important factors when considering long-term investments or settlements in Taylor County.
Number of Mortgages by Occupancy Type in Taylor County, IA Over the Last 5 Years in Taylor County
Mortgage trends in Taylor County, Iowa, over the past five years suggest a notable emphasis on principal residences, which have consistently dominated the market. Investment properties and second residences have seen minor fluctuations but remain substantially lower. Shifts in mortgage distributions by occupancy type can impact property values and insurance premiums, inform development strategies, influence appraisals, and affect neighborhood dynamics. For investors, understanding these trends helps identify demand for rental versus owned properties. For real estate agents and builders, knowing the dominant mortgage type can guide marketing and construction plans to meet local preferences and needs.
Economic Outlook
Taylor County, Iowa has experienced a notable rise in average taxable income per tax return, reaching $57,979.47 in 2021, hinting at a potentially improving economy. However, average state and local income taxes have varied significantly, peaking at $8,320.00 in 2021, which could indicate shifting economic policies. Meanwhile, the average total tax liability per tax return has shown fluctuations, trending upward to $7,749.07 in 2021, possibly reflecting economic growth and rising incomes. These... Read more
Average Taxable Income per Tax Return in Taylor County, IA over the last 9 years
Taylor County, Iowa has seen a notable increase in average taxable income per tax return over the past nine years, peaking at $57,979.47 in 2021. Despite some fluctuations, the general trend appears upward, suggesting a potentially growing economy or improving local job market. This could be a positive signal for those considering investment or property development in Taylor County, as rising incomes may indicate increased consumer spending and economic resilience.
Average State and Local Income Taxes Per Tax Return in Taylor County, IA Over the Last 10 Years
Over the last decade, Taylor County, Iowa, has seen substantial fluctuations in average state and local income taxes per tax return, ranging from a low of $5,197.14 in 2015 to a high of $8,320.00 in 2021. This variability highlights potential economic shifts and changes in tax policies that investors and potential residents should consider. The recent spike in 2021 suggests a trend of increasing tax burdens, which could impact long-term financial planning for individuals and businesses alike.
Average Total Tax Liability Per Tax Return in Taylor County, IA Over the Last 10 Years
Over the past decade, Taylor County, Iowa has seen noticeable fluctuations in average total tax liability per tax return, starting at $6,824.88 in 2012 and dropping to a low of $5,627.67 in 2016 before rising again to $7,749.07 by 2021. Investors and potential residents might find the recent increase a sign of economic changes, possibly indicating growth or increased income levels in the area. This trend could suggest evolving financial dynamics and is worth considering for property investment and relocation decisions.
Cost of Living in Taylor County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $968 | $1,371 | $2,105 | $1,050 | $1,264 |
| 1 adult 4 children | $968 | $1,120 | $1,612 | $1,050 | $1,399 |
| 2 adults 3 children | $968 | $1,120 | $1,826 | $1,050 | $1,027 |
| 1 adult 3 children | $968 | $915 | $1,332 | $1,050 | $1,131 |
| 2 adults 2 children | $795 | $917 | $1,546 | $916 | $911 |
| 1 adult 2 children | $795 | $685 | $1,053 | $916 | $875 |
| 2 adults 1 child | $795 | $725 | $1,267 | $480 | $829 |
| 1 adult 1 child | $795 | $468 | $773 | $480 | $687 |
| 2 adults | $604 | $582 | $987 | $0 | $657 |
| 1 adult | $581 | $318 | $494 | $0 | $564 |
Demographics
In Taylor County, Iowa, the adult population shows a nearly even split between males and females, suggesting balanced gender demographics. Educational attainment data indicates that most adults possess at least a high school diploma, with a significant number having some college experience or higher degrees. The age distribution highlights a sizable proportion of residents aged 55 and older, which could have implications on local healthcare and retirement services. The racial composition is... Read more
Race Distribution in Taylor County, Iowa (2022)
Educational Attainment in Taylor County, Iowa (2022)
Age Distribution in Taylor County, Iowa
Citizen Population in Taylor County, Iowa (2022)
Political Trends & Data
Taylor County, Iowa, displayed a pronounced Republican preference in the 2020 U.S. Presidential Election, capturing nearly 76% of the vote, while Democrats secured about 23%. The minimal impact of minor parties, such as the Libertarians and Greens, suggests a strong two-party dominance. This could imply a relatively stable political climate with little inclination toward smaller... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Taylor County, Iowa, showcased a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with nearly 76% of the vote. Democrats garnered roughly 23%, suggesting a significant partisan divide. Minor parties like the Libertarians and Greens barely made a dent, hinting at a predominantly two-party preference in the area. This trend could indicate a stable political landscape with limited movement towards smaller parties.
76.02% of voters voted for the Republican party in the 2020 Presidential Election
22.96% of voters voted for the Democrat party in the 2020 Presidential Election
0.52% of voters voted for the Livertarian party in the 2020 Presidential Election
0.03% of voters voted for the Green party in the 2020 Presidential Election
0.46% of voters voted for the Other party in the 2020 Presidential Election
School Data
Taylor County, Iowa's student-to-teacher ratio has been gradually increasing over the past decade, with recent figures nearing the national average of fourteen students per teacher. This trend hints at shifting educational resources and class size dynamics, potentially influencing property values and community investment. For real estate agents and investors, understanding these changes is crucial for gauging local school quality – a key factor for families considering relocation. Appraisers... Read more
Student-to-teacher ratio in Taylor County, Iowa over the last 10 years
Over the past decade, Taylor County, Iowa's student-to-teacher ratio has seen a gradual increase, with recent figures nearing the national average of fourteen students per teacher. This trend can hint at shifting educational resources and class size dynamics, which may influence property values and community investment. For real estate agents and investors, understanding these changes helps gauge the quality of local schools – often a deciding factor for families considering relocation. Appraisers and insurance agents might find these figures useful for assessing neighborhood desirability and potential risks, respectively. For residents, the evolving ratios could affect classroom experiences and educational outcomes, reflecting broader demographic and policy shifts.
