Adams County Real Estate and Livability Trends
Adams County, Illinois, shows promising investment opportunities with median home values rising from $110,000 in 2015 to $151,300 in 2022, despite being slower than state and national rates. Steadily increasing average taxable income, from $52,701.85 in 2013 to $77,947.77 in 2021, hints at economic growth and a better standard of living, offset somewhat by a significant hike in taxes. A declining... Read more
Adams County Market Trends
Adams County, Illinois has seen its median home values rise from $110,000 in 2015 to $151,300 in 2022, a slower growth rate compared to the state and national averages. This trend suggests potentially affordable opportunities for investors or buyers seeking appreciating yet cost-effective properties. The area has also experienced significant fluctuations in residential energy tax... Read more
Median Value of Occupied Housing Units in Adams County, Illinois Over the Last 8 Years
Over the past eight years, median home values in Adams County, Illinois have seen a steady rise, increasing from $110,000 in 2015 to $151,300 in 2022. This trend, though noteworthy, suggests that Adams County's property values are growing at a slower pace compared to the broader Illinois market, where median values soared from $173,800 to $239,100 in the same period. Nationally, the median value of occupied housing units also surged, reaching $179,400 in 2022. For those considering an investment in Adams County, this may imply relatively affordable opportunities compared to state and national levels, potentially attracting more buyers or investors looking for less expensive, yet appreciating markets.
Residential Energy Tax Credit Per Tax Return in Adams County, IL Over the Last 9 Years
Adams County, Illinois has seen quite a fluctuation in residential energy tax credits over the past nine years, with notable peaks in 2016 at $951.79 and a sharp increase to $4683.33 in 2018. This variability could be significant for potential investors, appraisers, and real estate agents, indicating shifts in energy efficiency investments or tax policy changes. Understanding these trends might inform decisions on new property builds, insurance premiums, and investment opportunities related to energy efficiency upgrades in the region.
Average Real Estate Taxes Per Tax Return in Adams County, IL Over the Last 10 Years
Adams County, Illinois has experienced a consistent increase in average real estate taxes per tax return over the past decade, starting at around $3,592.83 in 2012 and rising to $6,409.47 by 2021. This upward trend is notable for potential investors, real estate agents, and property developers as it could signal increasing property values and a strengthening local economy. However, for residents and insurance agents, the sharp rise in tax rates might necessitate a closer look at budget allocations or insurance coverage.
Percentage of Farm Returns in Adams County, IL Over the Last 10 Years
Farm tax returns in Adams County, Illinois, which refer to the annual filings reporting agricultural income and expenses, have shown a slow but steady decline over the last decade. From 2012 to 2021, the percentage dropped from approximately 4.34% to 4.06%. This could imply a gradual reduction in the number of active farms or shifts in agricultural profitability within the county. For potential investors, property developers, and residents, this trend might signal changing economic conditions and agricultural viability in the region, necessitating a closer look at the local farming industry and its future prospects.
Number of Mortgages by Occupancy Type in Adams County, IL Over the Last 5 Years in Adams County
Adams County, Illinois, has experienced shifts in mortgage patterns over the last five years, with notable trends in mortgage counts for investment properties, principal residences, and second residences. Notably, there's been a marked fluctuation in mortgages for principal residences peaking in 2020 at 2,490 and declining significantly by 2022. Investment property mortgages demonstrated a steadier but increasing interest until they too tapered off slightly by 2022. The relatively low and stable numbers for second residences suggest less volatility in this segment. These changes could impact investment decisions and valuations; for instance, a spike in principal residence mortgages might indicate a thriving market, leading to heightened demand and potentially higher home values. For insurance agents and appraisers, fluctuating mortgage trends might reflect changing risk profiles or help fine-tune market assessments. Real estate agents, developers, and those considering moving to the area should keep an eye on these trends as they often signal broader economic conditions and consumer confidence levels in Adams County.
Economic Outlook
Adams County, Illinois appears to be experiencing economic growth, as evidenced by the steady increase in average taxable income per tax return, rising from $52,701.85 in 2013 to around $77,947.77 in 2021. This upward trend might suggest appealing investment opportunities and a rising standard of living. Meanwhile, the significant rise in state and local income taxes—from $5,913.28 in 2012 to a notable $20,881.05 in 2021—could indicate shifts in tax policies or economic conditions that are... Read more
Average Taxable Income per Tax Return in Adams County, IL over the last 9 years
Over the past nine years, Adams County, Illinois has likely seen a steady increase in average taxable income per tax return, climbing from approximately $52,701.85 in 2013 to around $77,947.77 in 2021. Notably, 2021 exhibited a significant leap, suggesting potential economic growth or broader income changes in the area. This pattern may indicate promising investment opportunities or a rising standard of living, making it appealing for new residents or property developers.
Average State and Local Income Taxes Per Tax Return in Adams County, IL Over the Last 10 Years
Over the past decade, Adams County, Illinois has experienced a significant rise in average state and local income taxes per tax return. Starting at $5,913.28 in 2012, the amount steadily increased to $20,881.05 in 2021. Noteworthy spikes occurred in 2018 and 2019, with tax amounts jumping to $12,122.22 and $14,063.06, respectively. This upward trend is crucial for potential investors, property developers, and new residents considering the long-term financial landscape in the county.
Average Total Tax Liability Per Tax Return in Adams County, IL Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Adams County, Illinois has shown a general upward trend. Notably, from $8,294.67 in 2012 to $13,202.76 in 2021, it reflects a marked increase especially significant in the jump from $10,592.93 in 2020 to $13,202.76 in 2021. These changes may highlight economic growth or shifts in tax policies, which could be crucial for potential investors and residents evaluating the financial climate of the county.
Cost of Living in Adams County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,063 | $1,428 | $2,409 | $1,058 | $1,330 |
| 1 adult 4 children | $1,063 | $1,166 | $1,846 | $1,058 | $1,362 |
| 2 adults 3 children | $1,063 | $1,166 | $2,088 | $1,058 | $1,085 |
| 1 adult 3 children | $1,063 | $952 | $1,525 | $1,058 | $1,098 |
| 2 adults 2 children | $837 | $955 | $1,767 | $959 | $958 |
| 1 adult 2 children | $837 | $713 | $1,204 | $959 | $858 |
| 2 adults 1 child | $837 | $755 | $1,446 | $640 | $920 |
| 1 adult 1 child | $837 | $487 | $884 | $640 | $736 |
| 2 adults | $636 | $606 | $1,126 | $0 | $722 |
| 1 adult | $569 | $331 | $563 | $0 | $568 |
Safety trends & Data
Adams County, Illinois has experienced some shifts in property crime trends recently. Burglary incidents increased from 10 in 2021 to 15 in 2022, while larceny-theft incidents slightly declined from 17 to 13. Motor vehicle theft saw minimal activity with 2 incidents in 2021 and none in 2022, and vandalism incidents stayed consistent with 8 each year. Potential investors and residents might find this data useful for making informed decisions about property security and valuations in the... Read more
Property Crime Trends in Adams County, IL Over the Last 2 Years
Adams County, Illinois has seen some fluctuation in property crime over the last two years. Notable trends include a rise in burglary incidents from 10 in 2021 to 15 in 2022. However, larceny-theft incidents have seen a slight decline, moving from 17 in 2021 to 13 in 2022. Other notable categories like motor vehicle theft saw minor activity in 2021 with 2 incidents but were absent in 2022. Meanwhile, vandalism incidents remained consistent with 8 each year. This information might suggest areas of increased risk or stability, useful for potential investors, real estate agents, and residents looking to make informed decisions about property security and valuations in the county.
Demographics
Adams County, Illinois presents an interesting demographic profile with a fairly balanced gender distribution and significant age diversity. A notable segment has achieved at least a high school diploma, but fewer have attained higher educational degrees. The racial makeup predominantly features a White population, with African Americans being the largest minority group. This suggests a community where educational interventions could potentially improve higher education attainment rates, while... Read more
Race Distribution in Adams County, Illinois (2022)
Educational Attainment in Adams County, Illinois (2022)
Age Distribution in Adams County, Illinois
Citizen Population in Adams County, Illinois (2022)
Political Trends & Data
Adams County, Illinois, seems to have a strongly Republican-leaning electorate, with about 72% of the vote going to the GOP in the 2020 Presidential Election. Democratic candidates only secured roughly 26%, and third parties barely made a dent. This political landscape could influence various aspects of the community, including local policy decisions and the appeal of certain types of developments or... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Adams County, Illinois, generally favored Republican candidates in the 2020 U.S. Presidential Election, with approximately 72% of the vote. The Democratic Party captured about 26%, while Libertarians garnered roughly 1.4%. Minor parties like the Green Party and others saw minimal support, each drawing around 0.3% and 0.2% respectively. This suggests a predominantly Republican leaning electorate with limited traction for third parties.
72.24% of voters voted for the Republican party in the 2020 Presidential Election
25.75% of voters voted for the Democrat party in the 2020 Presidential Election
1.44% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Adams County, Illinois, has experienced a notable decline in its student-to-teacher ratio over the past nine years, from 16 students per teacher in 2014 to just under 10 in 2023. This trend suggests a more personalized education experience than the national average of 14 students per teacher, possibly making the area more appealing to families. For real estate agents, this could highlight an attractive selling point, while investors and property developers might see potential in the area’s... Read more
Student-to-teacher ratio in Adams County, Illinois over the last 9 years
Adams County, Illinois has seen its student-to-teacher ratio fluctuate over the past nine years, starting at 16 students per teacher in 2014 and dropping to just under 10 students per teacher in 2023. This decreasing trend suggests a more personalized education experience compared to the national average of 14 students per teacher, which could be particularly appealing to families considering moving to the area. For real estate agents, this trend might highlight an attractive selling point, while investors and property developers could see potential in the area’s growing emphasis on educational quality. Appraisers and insurance agents might also find this trend significant as it potentially indicates stronger community investments and stability.
