Alexander County Real Estate and Livability Trends
Alexander County, Illinois is seeing an upward trend in average taxable income, from around $35,811.52 in 2013 to approximately $45,939.72 in 2021, which may signal a growing economic base. Median home values have experienced modest growth, rising from $50,200 in 2015 to $58,600 in 2022, while mortgage activity for investment properties has notably increased from 1 in 2020 to 7 in 2022,... Read more
Alexander County Market Trends
In Alexander County, Illinois, median home values have seen modest growth, rising from $50,200 in 2015 to $58,600 in 2022, contrasting sharply with larger increases at the state and national levels. Residential energy tax credits per tax return fluctuated over the past five years, suggesting varying levels of investment in energy-efficient home improvements. Real estate taxes per tax return also... Read more
Median Value of Occupied Housing Units in Alexander County, Illinois Over the Last 8 Years
In Alexander County, Illinois, median home values have seen modest growth over the last eight years, rising from $50,200 in 2015 to $58,600 in 2022. This local trend contrasts sharply with state and national figures, where Illinois homes increased from $173,800 to $239,100, and U.S. homes surged from $125,500 to $179,400 during the same period. While Alexander County remains significantly more affordable, the larger discrepancy may offer insights into regional economic disparities, making it a potential investment opportunity for those looking to move to, or invest in, more cost-effective housing markets.
Residential Energy Tax Credit Per Tax Return in Alexander County, IL Over the Last 5 Years
Over the past five years, Alexander County in Illinois has seen some fluctuations in residential energy tax credits per tax return, peaking in 2014 at $250.00 and dropping to its lowest in 2015 at approximately $166.67. The more recent years, 2016 and 2020, show a consistent value of around $266.67. These patterns could suggest varying levels of investment in energy-efficient home improvements, possibly reflecting broader economic conditions or policy changes that might interest potential investors or real estate stakeholders in the area.
Average Real Estate Taxes Per Tax Return in Alexander County, IL Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Alexander County, Illinois, have shown significant fluctuation. Peak values were observed in 2013 reaching $2,107.69, while a notable drop occurred in 2018 with the average falling to $1,033.33. Recent years show a modest upward trend, climbing from $1,250.00 in 2019 to $1,500.00 in 2021. This variability could impact decisions for potential property investors, insurance underwriters, and those considering relocation, highlighting the importance of understanding local tax trends in financial planning and real estate valuation.
Percentage of Farm Returns in Alexander County, IL Over the Last 10 Years
The percentage of farm tax returns in Alexander County, Illinois, hovered around 4.3% to 4.6% over the past decade, with minor fluctuations. In 2012, this percentage was approximately 4.33% and saw a slight peak at around 4.51% in 2016. By 2021, it steadied at about 4.20%. Farm tax returns reflect the economic activity related to agricultural operations; relatively stable percentages suggest a consistent farming presence, which can be important for those considering real estate or investment opportunities in the area. This information hints at a stable agricultural sector that may influence local property values and community development.
Number of Mortgages by Occupancy Type in Alexander County, IL Over the Last 5 Years in Alexander County
In Alexander County, Illinois, the majority of mortgage activity over the past five years has consistently been for principal residences, with numbers generally increasing from 74 in 2019 to 111 in 2022. Although the volume for investment properties and second residences has been much lower, fluctuations in their counts can signal shifts in real estate demand. For instance, the increase in investment property mortgages from 1 in 2020 to 7 in 2022 might indicate rising investor interest, potentially affecting property values and market competitiveness. Trends like these are crucial for investors, builders, and real estate agents to gauge future market dynamics, and for insurance agents to assess risk profiles.
Economic Outlook
Average taxable income per tax return in Alexander County, Illinois has experienced an upward trend over the past nine years, increasing from around $35,811.52 in 2013 to approximately $45,939.72 in 2021. Additionally, fluctuations in state and local income taxes were observed, ranging from a low of $2,900.00 in 2019 to a high of $4,277.27 in 2014, with a recent peak in 2021 at $4,266.67. Total tax liability per tax return also saw a general increase, moving from $4,409.14 in 2012 to $5,326.83... Read more
Average Taxable Income per Tax Return in Alexander County, IL over the last 9 years
Average taxable income per tax return in Alexander County, Illinois has shown a general upward trajectory over the past nine years. Starting around $35,811.52 in 2013, there's been a noticeable increase with some fluctuations, reaching around $45,939.72 in 2021. This trend could suggest improving economic conditions or wage growth in the area, making it potentially attractive for investors, new residents, or those looking to develop property.
Average State and Local Income Taxes Per Tax Return in Alexander County, IL Over the Last 10 Years
Alexander County, Illinois has seen fluctuations in average state and local income taxes per tax return over the past decade, with amounts varying from a low of $2,900.00 in 2019 to a high of $4,277.27 in 2014. Notable declines occurred in 2015 and 2016, dropping to $3,663.16 and $3,382.35, respectively. However, recent years show a resurgence, reaching $4,266.67 in 2021. These varying tax rates can influence decisions for potential investors, property developers, and those considering moving to the area, highlighting the dynamic economic landscape of the county.
Average Total Tax Liability Per Tax Return in Alexander County, IL Over the Last 10 Years
Alexander County, Illinois has seen fluctuations in average total tax liability per tax return over the past decade, with values ranging from $4,409.14 in 2012 to $5,326.83 in 2021. The trend shows a general increase, peaking in 2021, suggesting a potential rise in income or adjustments in tax policy. This information could be crucial for investors and residents as it might impact financial planning and property investment decisions.
Cost of Living in Alexander County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,025 | $1,355 | $2,913 | $1,110 | $1,551 |
| 1 adult 4 children | $1,025 | $1,107 | $2,244 | $1,110 | $1,578 |
| 2 adults 3 children | $1,025 | $1,107 | $2,519 | $1,110 | $1,271 |
| 1 adult 3 children | $1,025 | $904 | $1,850 | $1,110 | $1,275 |
| 2 adults 2 children | $721 | $906 | $2,126 | $999 | $1,046 |
| 1 adult 2 children | $721 | $677 | $1,456 | $999 | $921 |
| 2 adults 1 child | $721 | $716 | $1,732 | $641 | $959 |
| 1 adult 1 child | $721 | $463 | $1,063 | $641 | $762 |
| 2 adults | $563 | $575 | $1,338 | $0 | $766 |
| 1 adult | $494 | $314 | $669 | $0 | $577 |
Demographics
Alexander County, Illinois, shows a slightly higher female population than male. Educational attainment levels indicate a significant concentration at the high school graduate level, but there's also a modest representation of individuals with associate’s and bachelor’s degrees. Age distribution points to a balanced spread across various age groups, though there's a noticeable spike in residents aged 55 to 64 years. The racial landscape is predominantly White, but there is also a... Read more
Race Distribution in Alexander County, Illinois (2022)
Educational Attainment in Alexander County, Illinois (2022)
Age Distribution in Alexander County, Illinois
Citizen Population in Alexander County, Illinois (2022)
Political Trends & Data
Alexander County, Illinois saw a dominant Republican voter base in recent elections, with the GOP securing over 50% of the votes. Democrats garnered just above 42%, and minor parties barely made a dent, each capturing less than 1%. This voting pattern might indicate underlying political dynamics, potentially shaped by regional or socio-economic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Alexander County in Illinois exhibited a notable lead for the Republican party, capturing over half of the vote share, while Democrats followed with just over 42%. Minor parties like the Libertarians, Greens, and others accounted for less than 1% each. This trend may hint at underlying political dynamics in the area, perhaps reflecting broader regional or socio-economic factors influencing voter behavior.
56.76% of voters voted for the Republican party in the 2020 Presidential Election
42.55% of voters voted for the Democrat party in the 2020 Presidential Election
0.27% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Alexander County, Illinois has dropped significantly from 15 in 2014 to about 8.4 in 2023, well below the national average of 14. This trend could indicate more personalized attention for students, making the area possibly more attractive to families looking to buy property. For investors and real estate agents, this could be seen as a sign of strong community investment in education, potentially boosting property values and... Read more
Student-to-teacher ratio in Alexander County, Illinois over the last 9 years
The student-to-teacher ratio in Alexander County, Illinois has seen some significant fluctuations over the last nine years. From a high of 15 in 2014, the ratio fell to approximately 13 by 2016 and continued to decline, reaching around 8.4 by 2023. These numbers are below the current national average of 14 students per teacher. Lower student-to-teacher ratios might suggest more personalized attention for each student, potentially leading to improved educational outcomes and making the area more appealing for families looking to invest in property and settle down. For potential investors, insurers, and real estate agents, these ratios may be a sign of strong community investment in education, which could positively influence property values and marketability.
