Union County Real Estate and Livability Trends
Union County, Iowa, has experienced steady growth in average taxable income per tax return, jumping from $45,855.18 in 2013 to $58,791.08 in 2021, particularly between 2020 and 2021. During the same period, state and local income taxes per return nearly doubled, from $4,967.01 in 2012 to $10,478.57 by 2021. Median home values have risen from $87,200 in 2015 to $113,800 in 2022, although still... Read more
Union County Market Trends
Union County, Iowa's housing market has gradually increased in median home values from $87,200 in 2015 to $113,800 in 2022, though it trails behind statewide and national appreciation trends. The median home value in Iowa was $181,600 in 2022, significantly higher than the national median of $179,400. Real estate taxes have climbed, peaking at $4,362.50 in 2020, which could affect property values... Read more
Median Value of Occupied Housing Units in Union County, Iowa Over the Last 8 Years
Union County, Iowa has seen a gradual but clear increase in median home values over the past eight years, rising from $87,200 in 2015 to $113,800 in 2022. This growth, while steady, lags behind both state and national trends, where median values have surged more vigorously. Iowa's median home value for 2022 was $181,600, reflecting sharper appreciation, and the national median hit $179,400 the same year. For investors and potential homeowners, Union County presents a more affordable option within Iowa, though it may offer less short-term capital gain potential compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Union County, IA Over the Last 8 Years
Over the past eight years, Union County, Iowa has seen fluctuating average residential energy tax credits per tax return, which might hint at varying degrees of investment in energy-efficient home upgrades. The average amount peaked significantly in 2021 at $1725.00, possibly reflecting increased awareness or incentives for energy saving. While there was a remarkable dip in 2019 to $266.67, averages seem to rebound and suggest a growing interest in energy-efficient projects, particularly appealing to eco-conscious buyers and investors focused on cost-saving measures.
Average Real Estate Taxes Per Tax Return in Union County, IA Over the Last 10 Years
Over the past decade, Union County, Iowa has seen a notable rise in average real estate taxes per tax return, peaking at $4,362.50 in 2020. Although there was a slight dip to $4,093.75 in 2021, the overall trend suggests an upward trajectory from $2,616.19 in 2012. This upward trend could potentially impact property values, insurance rates, and investment opportunities, making it crucial for stakeholders like real estate agents, appraisers, and potential homeowners to monitor these changes closely.
Percentage of Farm Returns in Union County, IA Over the Last 10 Years
Union County, Iowa has seen relatively stable percentages of farm tax returns over the last decade, with values fluctuating slightly around the 12% mark. The highest was in 2013 at approximately 12.66% and the lowest in 2020 at around 11.67%. Such consistencies suggest a robust agricultural presence, which could imply a strong local food economy and resilient farming community. For potential investors or residents, this might indicate reliable agricultural activities and economic stability rooted in farming.
Number of Mortgages by Occupancy Type in Union County, IA Over the Last 5 Years in Union County
Union County, Iowa has seen fluctuations in the number of mortgages for different occupancy types over the last five years. The principal residence category consistently dominates, peaking at 458 in 2021 but showing a decrease afterwards. Investment property mortgages have seen a slight upward trend, reaching a peak of 12 in 2021, while second residence mortgages remain minimal, fluctuating between 1 and 5 over the same period. These changes in occupancy type can provide insights into the area's economic conditions and housing market dynamics, influencing decisions for investors, builders, and insurance agents concerning property values and market stability.
Economic Outlook
Union County, Iowa, has observed a steady increase in average taxable income per tax return, climbing from about $45,855.18 in 2013 to around $58,791.08 by 2021. Interestingly, the period between 2020 and 2021 saw the most notable jump, hinting at economic growth or job market changes. This trend may entice investors or new residents by indicating improving economic conditions. Concurrently, average state and local income taxes per tax return have surged significantly, nearly doubling from... Read more
Average Taxable Income per Tax Return in Union County, IA over the last 9 years
Over the last nine years, Union County, Iowa has seen a relatively steady increase in average taxable income per tax return. Starting at approximately $45,855.18 in 2013, the value has risen to around $58,791.08 by 2021. The most notable jump occurred between 2020 and 2021, suggesting potential economic growth or changes in the job market. This trend might attract those interested in investing or moving to the county, as it signals improving economic conditions and possibly higher earnings potential for residents.
Average State and Local Income Taxes Per Tax Return in Union County, IA Over the Last 10 Years
Union County, Iowa, has seen a substantial increase in average state and local income taxes per tax return over the last decade, starting at $4,967.01 in 2012 and reaching $10,478.57 by 2021. This nearly 111% rise could reflect broader economic growth, expanding public services, or shifting tax policies, making it a key consideration for investors and potential residents. The sharpest jumps occurred between 2017 and 2018, indicating significant policy or demographic shifts. For those considering real estate development or relocation, understanding these fiscal dynamics could provide valuable insight into the county's evolving economic landscape.
Average Total Tax Liability Per Tax Return in Union County, IA Over the Last 10 Years
Over the last decade, Union County, Iowa has seen a fluctuating but generally increasing trend in average total tax liability per tax return, with a notable jump to $7,920.61 in 2021. While there were peaks and dips, years like 2015 and 2017 also experienced relatively higher tax liabilities, sitting at around $6,469.72 and $6,720.87 respectively. This trend could potentially reflect growing incomes or changes in tax policies, making the area increasingly relevant for prospective investors and residents monitoring economic conditions.
Cost of Living in Union County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,082 | $1,629 | $2,105 | $1,034 | $1,374 |
| 1 adult 4 children | $1,082 | $1,330 | $1,612 | $1,034 | $1,499 |
| 2 adults 3 children | $1,082 | $1,331 | $1,826 | $1,034 | $1,111 |
| 1 adult 3 children | $1,082 | $1,086 | $1,332 | $1,034 | $1,208 |
| 2 adults 2 children | $795 | $1,089 | $1,546 | $902 | $923 |
| 1 adult 2 children | $795 | $814 | $1,053 | $902 | $868 |
| 2 adults 1 child | $795 | $861 | $1,267 | $472 | $832 |
| 1 adult 1 child | $795 | $556 | $773 | $472 | $675 |
| 2 adults | $644 | $692 | $987 | $0 | $673 |
| 1 adult | $581 | $377 | $494 | $0 | $553 |
Safety trends & Data
Union County, Iowa, grapples with varying property crime rates that could influence real estate decisions. Larceny-theft stands out, with yearly incidents ranging from 12.00 to 34.00. Vandalism incidents have been relatively steady but peaked at 19.00 in 2021. Motor Vehicle Theft saw a notable rise to 7.00 incidents in 2022. These crime trends may play a crucial role in affecting property values, insurance premiums, and overall safety, making them essential considerations for investors,... Read more
Property Crime Trends in Union County, IA Over the Last 5 Years
Larceny-theft consistently shows up as the most prominent type of property crime in Union County, Iowa, with yearly counts fluctuating between 12.0 and 34.0 incidents. Vandalism cases also remain relatively steady, though peaking at 19.0 incidents in 2021. Notably, incidents of Motor Vehicle Theft have varied, culminating in a significant increase to 7.0 in 2022. These trends may be critical for those looking to invest, reside, or work within the real estate sector in Union County, as they reflect the local property crime landscape's potential impact on property values, insurance premiums, and safety considerations.
Demographics
Union County, Iowa, exhibits a fairly balanced adult population with a slight female majority. Educational attainment shows a significant portion of residents have completed high school and some college, although fewer hold advanced degrees. Age distribution leans towards those between 25 and 64 years old, with a noticeable portion also being seniors. The racial composition remains predominantly White, with other racial groups forming a small... Read more
Race Distribution in Union County, Iowa (2022)
Educational Attainment in Union County, Iowa (2022)
Age Distribution in Union County, Iowa
Citizen Population in Union County, Iowa (2022)
Political Trends & Data
Union County, Iowa, displayed a significant Republican tilt in the 2020 U.S. Presidential Election, with Republicans likely capturing approximately 65% of the vote. Democrats trailed with just under 34%, showing a substantial partisan divide. Libertarians and minor parties had negligible influence, suggesting a strong two-party system here. This voting trend might reflect Union County’s broader political leanings, which could shape future electoral strategies and party priorities in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Union County, Iowa, saw a clear Republican lean in the 2020 U.S. Presidential Election, with Republicans potentially capturing around 65% of the vote. Democrats possibly garnered just under 34%, trailing significantly. Libertarians and other minor parties appeared to have minimal impact, each securing less than 1% of the vote, suggesting a strong two-party system in this region. This distribution may indicate Union County's political alignment and voter priorities, potentially influencing future electoral strategies and party focuses.
65.06% of voters voted for the Republican party in the 2020 Presidential Election
33.32% of voters voted for the Democrat party in the 2020 Presidential Election
0.99% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Green party in the 2020 Presidential Election
0.47% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Union County, Iowa, the student-to-teacher ratio has ranged from lows around twelve to highs near thirteen students per teacher, currently under the national average of fourteen. This subtle increase could hint at changes in educational funding or shifts in population, aspects that might influence property values and community growth. For real estate investors and those considering relocation, these evolving educational demands signify potential impacts on local real estate... Read more
Student-to-teacher ratio in Union County, Iowa over the last 10 years
Over the past decade in Union County, Iowa, the student-to-teacher ratio has exhibited some fluctuations, ranging from a low of around twelve students per teacher in several years to a high of thirteen in 2023. While these numbers generally stay below the current national average of fourteen students per teacher, the recent increase could signal shifts in educational funding or population changes in the area. For potential investors, real estate agents, and those considering a move to Union County, these variations might suggest evolving educational demands and resource allocation which can directly affect property values and community growth.
