Madison County Real Estate and Livability Trends
Madison County, Idaho's real estate market has shown notable growth, with median home values jumping from $177,700 in 2015 to $324,300 in 2022, outpacing state and national growth rates. Energy tax credits peaked at around $4,266.67 in 2018, suggesting strong incentives for energy-efficient improvements. Real estate taxes have nearly doubled from $1,867.11 in 2012 to $3,227.73 in 2021, possibly... Read more
Madison County Market Trends
Median home values in Madison County, Idaho increased from $177,700 in 2015 to $324,300 in 2022, outpacing both state and national growth rates. This suggests high local demand and potentially lucrative investment opportunities. Average residential energy tax credits per tax return peaked at roughly $4,266.67 in 2018, indicating strong incentives for energy-efficient home improvements which may... Read more
Median Value of Occupied Housing Units in Madison County, Idaho Over the Last 8 Years
Median home values in Madison County, Idaho have seen a steady increase over the last 8 years, jumping from $177,700 in 2015 to $324,300 in 2022. This growth appears to outpace both the state of Idaho’s increase from $162,900 to $331,600 and the national increase from $125,500 to $179,400 during the same period. Such data hints at robust demand in Madison County, outstripping broader housing trends, and could signal significant investment opportunities in the area. Whether you’re looking to invest, move, or build property, Madison County's housing market dynamics suggest a potentially advantageous climate when compared to both state and national averages.
Residential Energy Tax Credit Per Tax Return in Madison County, ID Over the Last 9 Years
Madison County, Idaho has seen significant fluctuations in average residential energy tax credits per tax return over the last nine years, with a notable peak in 2018 at approximately $4,266.67. This suggests increased incentives for energy-efficient home improvements during that period. Recent years continue to show elevated credits compared to earlier years, indicating sustained interest in energy efficiency among homeowners. This trend may appeal to potential investors and homebuyers who value energy savings and eco-friendly property upgrades. Real estate agents and builders might find this insight useful for highlighting the financial benefits of energy-efficient homes in marketing efforts. Insurance agents and appraisers could also consider these trends when assessing property values and risks associated with green technology investments.
Average Real Estate Taxes Per Tax Return in Madison County, ID Over the Last 10 Years
Madison County, Idaho has seen a steady increase in average real estate taxes per tax return over the last decade, with notable jumps occurring particularly after 2017. In 2012, the average was around $1,867.11 and grew to $3,227.73 by 2021. This trend may suggest rising property values, potentially signaling a robust real estate market. Investors, appraisers, and insurance agents should take note of these increases, as they could affect property valuation and insurance premiums. Real estate agents and future homeowners might also find this data relevant when assessing long-term costs.
Percentage of Farm Returns in Madison County, ID Over the Last 10 Years
The percentage of farm tax returns in Madison County, Idaho, has seen a noticeable decline over the last decade, dropping from approximately 3.74% in 2012 to 2.39% in 2021. Farm tax returns, which represent income and expenses reported by farming businesses for tax purposes, can give a rough picture of the agricultural economic activity in a region. For those looking to invest, move to, build property in, or are generally interested in Madison County, Idaho, this trend could indicate shifting economic dynamics away from agriculture, possibly affecting land use, property values, and local support services related to farming.
Number of Mortgages by Occupancy Type in Madison County, ID Over the Last 5 Years in Madison County
The number of mortgages for principal residences in Madison County, Idaho, has remained significantly higher than for investment and second properties over the past five years, with notable spikes in 2020 and 2021. This trend hints at a strong local demand for primary homes, which can impact property values, rental market dynamics, and development planning. Investors and real estate agents might find the consistent yet lower volume of investment property mortgages also indicative of opportunities for rental or resale potential. For appraisers and insurance agents, understanding these shifts is crucial for accurate assessments and risk calculations, while prospective residents can gauge the evolving community landscape.
Economic Outlook
Madison County, Idaho has experienced a consistent rise in average taxable income per tax return, increasing from $40,658.74 in 2013 to $56,849.32 in 2021. This economic growth could be enticing to investors and new residents. However, the average state and local income taxes have also surged, jumping from $4,589.39 in 2012 to $10,023.58 in 2021, particularly escalating after 2017. Meanwhile, total tax liabilities have fluctuated but hit a noticeable peak in 2021 at $9,217.01. These trends... Read more
Average Taxable Income per Tax Return in Madison County, ID over the last 9 years
Madison County, Idaho has seen a steady increase in average taxable income per tax return over the past nine years, starting from $40,658.74 in 2013 to $56,849.32 in 2021. Such growth might signify a healthier economic environment and rising incomes, which can be appealing for potential investors and individuals looking to relocate. The significant jump between 2020 and 2021 especially indicates a robust economic trend that could be capitalized upon for various financial opportunities.
Average State and Local Income Taxes Per Tax Return in Madison County, ID Over the Last 10 Years
Average state and local income taxes per tax return in Madison County, Idaho, have shown a notable climb over the last decade, spiking from $4,589.39 in 2012 to $10,023.58 in 2021. This substantial increase, particularly the sharp rise from 2017 onwards, highlights a growing financial obligation for residents and potential investors. The trends suggest escalating income levels or tax rates, making it essential for those contemplating an investment or relocation to factor in these escalating tax implications.
Average Total Tax Liability Per Tax Return in Madison County, ID Over the Last 10 Years
Madison County, Idaho has seen fluctuations in average total tax liability per tax return over the past decade, ranging from a low of around $5,627.12 in 2013 to a high of approximately $9,217.01 in 2021. These changes could suggest varying economic conditions and policy changes impacting residents and investors. Notably, the significant rise in 2021 might reflect broader economic trends or specific local developments, important considerations for prospective homeowners, investors, and builders assessing the area's financial landscape.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,322 | $1,399 | $1,790 | $1,054 | $1,065 |
| 1 adult 4 children | $1,322 | $1,143 | $1,386 | $1,054 | $1,176 |
| 2 adults 3 children | $1,322 | $1,143 | $1,545 | $1,054 | $843 |
| 1 adult 3 children | $1,322 | $933 | $1,141 | $1,054 | $928 |
| 2 adults 2 children | $930 | $936 | $1,299 | $914 | $684 |
| 1 adult 2 children | $930 | $699 | $895 | $914 | $607 |
| 2 adults 1 child | $930 | $740 | $1,053 | $458 | $645 |
| 1 adult 1 child | $930 | $478 | $650 | $458 | $546 |
| 2 adults | $806 | $594 | $808 | $0 | $583 |
| 1 adult | $805 | $324 | $404 | $0 | $583 |
Safety trends & Data
Over the past five years in Madison County, Idaho, property crimes like larceny-theft and vandalism have seen significant fluctuations, with larceny-theft peaking at 72.00 incidents in 2019 but dramatically falling to 11.00 by 2022. Vandalism rose to 26.00 cases in 2021 before decreasing to 11.00 in 2022. Meanwhile, burglary incidents spiked to 22.00 in 2022, and fraud rates have seen slight variations. These trends might interest investors, real estate agents, and insurance providers, as they... Read more
Property Crime Trends in Madison County, ID Over the Last 5 Years
Over the past five years in Madison County, Idaho, property crime trends have shown notable fluctuations, particularly in categories such as larceny-theft and vandalism. Larceny-theft peaked at 72.00 occurrences in 2019 but saw a dramatic decline to 11.00 by 2022. Vandalism experienced a rise from 7.00 cases in 2018 to as high as 26.00 in 2021 before dropping to 11.00 in 2022. Other crimes like burglary and fraud have shown more steady numbers, with occasional spikes such as burglaries increasing to 22.00 incidents in 2022 and slight variations in fraud incidents. These crime patterns could be of interest to potential investors, real estate agents, and insurance providers, indicating both risks and improvements in different areas.
Demographics
The adult population in Madison County, Idaho leans slightly female, with an intriguing balance likely impacting local services and community dynamics. Age distribution skews younger, particularly in the 15-24 age brackets, which may suggest a strong student or young adult presence. Educational attainment figures show a substantial portion having achieved some college education or higher, implying a relatively educated populace. The racial composition is predominantly White, but there are small... Read more
Race Distribution in Madison County, Idaho (2022)
Educational Attainment in Madison County, Idaho (2022)
Age Distribution in Madison County, Idaho
Citizen Population in Madison County, Idaho (2022)
Political Trends & Data
Madison County, Idaho, leaned heavily Republican in the 2020 U.S. Presidential Election, with close to 80% of votes for GOP candidates. Democrats received a bit over 15%, and the Libertarian Party captured around 4%. This strong conservative preference may indicate a firmly right-leaning voter base, echoing broader political trends in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Madison County, Idaho, leaned significantly Republican in the 2020 U.S. Presidential Election, with nearly 80% of voters favoring the GOP. Democrats garnered just over 15%, while the Libertarian Party managed about 4%, and other parties received minimal support. This strong Republican preference could suggest a predominantly conservative voter base in the county, reflecting larger regional trends in Idaho.
79.24% of voters voted for the Republican party in the 2020 Presidential Election
15.58% of voters voted for the Democrat party in the 2020 Presidential Election
3.76% of voters voted for the Livertarian party in the 2020 Presidential Election
1.42% of voters voted for the Other party in the 2020 Presidential Election
School Data
Madison County, Idaho's student-to-teacher ratio has fluctuated between 17 in 2016 to 20 in 2023, consistently surpassing the national average of 14. This higher ratio could signal larger class sizes and different educational dynamics, hinting at potential resource allocation challenges or increasing enrollment pressures. This trend is essential for prospective investors, homebuyers, and those in the education sector, as it may influence decision-making regarding local... Read more
Student-to-teacher ratio in Madison County, Idaho over the last 10 years
Madison County, Idaho has seen fluctuations in its student-to-teacher ratio over the past decade, ranging from a low of around 17 in 2016 to a high of 20 in 2023. This ratio has consistently been higher than the national average of 14 students per teacher, which may indicate larger class sizes and potentially different educational dynamics. For prospective investors, homebuyers, real estate agents, and those in the education sector, understanding these trends could be crucial for decision-making, as higher student-to-teacher ratios might suggest resource allocation challenges or growing enrollment pressures in local schools.
