Bond County Real Estate and Livability Trends
Bond County, Illinois has observed a significant rise in median home values from $106,900 in 2015 to $130,300 in 2022, indicating an affordable housing market compared to broader trends. Despite a doubling of state and local income taxes, the area remains potentially attractive for property investments, thanks to apparent economic growth. Residential energy tax credits peaking at $3,833.33 in... Read more
Bond County Market Trends
Bond County, Illinois has seen median home values climb from $106,900 in 2015 to $130,300 in 2022, offering a more affordable entry point compared to state and national trends. Notable fluctuations in residential energy tax credits, peaking at $3,833.33 in 2018, suggest a dynamic focus on energy efficiency initiatives, which may interest investors and builders. Rising real estate taxes, peaking... Read more
Median Value of Occupied Housing Units in Bond County, Illinois Over the Last 8 Years
Median home values in Bond County, Illinois have shown a steady rise over the past eight years, growing from $106,900 in 2015 to $130,300 by 2022. Interestingly, this growth, while significant, trails the broader state of Illinois, where median values jumped from $173,800 in 2015 to $239,100 in 2022. On a national scale, home values have surged from $125,500 to $179,400 in the same timeframe. For prospective investors or homeowners, Bond County might present a more affordable entry point with a likelihood for continued appreciation, especially compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in Bond County, IL Over the Last 9 Years
In Bond County, Illinois, there has been notable fluctuation in the average residential energy tax credit per tax return over the past nine years. Starting at $320.00 in 2013, there was a significant increase reaching $1,192.31 in 2016 and peaking dramatically at $3,833.33 in 2018. Since then, values have varied, hitting $1,775.00 in 2019 and $3,440.00 in 2020. These variances could reflect changes in energy efficiency investments, tax policy adjustments, or shifts in resident participation in energy-saving programs. This trend highlights a potential area of interest for investors, builders, and insurers considering the evolving emphasis on energy-efficient initiatives in the county.
Average Real Estate Taxes Per Tax Return in Bond County, IL Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Bond County, Illinois have shown a noticeable upward trend, peaking at $5,045.45 in 2020 before a slight decline in 2021 to $4,469.57. This steady increase in taxes may indicate rising property values and possibly higher local government expenditures. For investors and homebuyers, these trends underscore the importance of factoring in higher taxation when considering property in this area, which could affect overall return on investment and cost of living. Real estate agents, appraisers, and insurance agents should stay informed about these trends to better forecast costs and advise clients accurately.
Percentage of Farm Returns in Bond County, IL Over the Last 10 Years
Farm tax returns in Bond County, Illinois, have shown slight fluctuations over the past decade, generally hovering around 7.7%. The percentage of farm tax returns peaked at approximately 7.89% in 2012 but has since experienced a modest decline, dipping to around 6.99% by 2021. This trend may suggest a gradual reduction in the number of active farming businesses relative to other types of returns. For investors, developers, or new residents, this could indicate shifting economic patterns and evolving land use in the area, possibly pointing towards increased diversification of the local economy.
Number of Mortgages by Occupancy Type in Bond County, IL Over the Last 5 Years in Bond County
Bond County, Illinois has seen a notable fluctuation in mortgage counts across different occupancy types over the past five years. Principal residences consistently dominate, peaking in 2021 with 773 mortgages, likely driven by robust local demand or favorable economic conditions. Investment property mortgages remain relatively stable with minor variations, suggesting either steady investor confidence or a constant rental market. Meanwhile, second residences show no clear trend, fluctuating between 6 and 19 mortgages annually, possibly influenced by lifestyle changes or market volatility. These occupancy type shifts can significantly impact future real estate values, local demographics, and economic planning, making them crucial for investors, new residents, appraisers, and real estate agents to consider.
Economic Outlook
Bond County, Illinois has experienced a general upwards trend in average taxable income per tax return over the past nine years, starting around $48,709.50 in 2013 and reaching roughly $63,853.37 by 2021, hinting at potential economic growth. Meanwhile, state and local income taxes also climbed steeply, from approximately $4,458.74 in 2012 to $9,483.33 in 2021, indicating rising fiscal demands. The average total tax liability per tax return saw similar fluctuations and growth, topping at... Read more
Average Taxable Income per Tax Return in Bond County, IL over the last 9 years
Over the past nine years, Bond County, Illinois has seen a general upwards trend in average taxable income per tax return, starting at around $48,709.50 in 2013 and reaching approximately $63,853.37 by 2021. This increase suggests a possibly growing local economy that might be appealing for potential investors or those looking to relocate. Factors driving this growth could include local business development, increased employment opportunities, or broader economic trends. While there were some fluctuations, the continual rise particularly in recent years could signal thriving economic conditions well worth consideration for property development or investment moves.
Average State and Local Income Taxes Per Tax Return in Bond County, IL Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Bond County, Illinois, have shown a significant upward trend, starting from around $4,458.74 in 2012 and peaking at $9,483.33 in 2021. This escalates the tax landscape for potential investors and residents, signaling a growing financial commitment. The sharp rise, especially post-2017, suggests increasing fiscal demands or improved income levels, essential for anyone planning to build, invest, or move to the area.
Average Total Tax Liability Per Tax Return in Bond County, IL Over the Last 10 Years
Bond County, Illinois has seen fluctuations in the average total tax liability per tax return over the past decade, with values generally trending upwards. From $6,487.76 in 2012, there was a notable increase, reaching a peak of $8,605.64 in 2021. Larger jumps, such as those from 2015 to 2016 and 2019 to 2021, suggest significant economic or policy changes impacting taxpayers. This trend may reflect broader economic growth or increased personal incomes, making it a pertinent consideration for potential investors or residents evaluating financial expectations in the area.
Cost of Living in Bond County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,030 | $1,416 | $2,459 | $1,110 | $1,412 |
| 1 adult 4 children | $1,030 | $1,156 | $1,893 | $1,110 | $1,458 |
| 2 adults 3 children | $1,030 | $1,156 | $2,127 | $1,110 | $1,157 |
| 1 adult 3 children | $1,030 | $944 | $1,561 | $1,110 | $1,182 |
| 2 adults 2 children | $774 | $947 | $1,796 | $999 | $992 |
| 1 adult 2 children | $774 | $707 | $1,230 | $999 | $903 |
| 2 adults 1 child | $774 | $748 | $1,464 | $641 | $938 |
| 1 adult 1 child | $774 | $483 | $898 | $641 | $747 |
| 2 adults | $670 | $601 | $1,132 | $0 | $761 |
| 1 adult | $518 | $328 | $566 | $0 | $567 |
Demographics
Bond County, Illinois, presents a roughly balanced gender distribution among its adult population, suggesting nearly equal representation of males and females. There is a diverse age range, with the highest concentration in the 55 to 64 years bracket, indicating a possibly aging population. Educational attainment shows a majority with some level of college education but without a degree, while a smaller segment holds advanced degrees. Racially, the county is overwhelmingly White, with a small... Read more
Race Distribution in Bond County, Illinois (2022)
Educational Attainment in Bond County, Illinois (2022)
Age Distribution in Bond County, Illinois
Citizen Population in Bond County, Illinois (2022)
Political Trends & Data
Bond County, Illinois' real estate market could be influenced by its political landscape, where 69% of the votes leaned Republican in the 2020 election, compared to 28% Democratic. This political lean could potentially impact local policies, economic development, and community planning, making it a notable aspect for prospective buyers and investors considering factors such as property taxes, public services, and zoning laws. Minor parties like the Libertarians and Greens received negligible... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bond County, Illinois, leaned heavily towards the Republican side with roughly 69% of the votes in the 2020 presidential election. Democrats gathered about 28% of the vote, suggesting a strong but smaller presence. Minor parties like the Libertarians and Greens saw minimal support, hovering around 2% and below, respectively, indicating limited traction among voters.
69.06% of voters voted for the Republican party in the 2020 Presidential Election
28.09% of voters voted for the Democrat party in the 2020 Presidential Election
1.94% of voters voted for the Livertarian party in the 2020 Presidential Election
0.50% of voters voted for the Green party in the 2020 Presidential Election
0.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Bond County, Illinois, the student-to-teacher ratio has steadily declined over nine years, moving from nearly 15 students per teacher in 2014 to around 13 in 2023. This figure now falls below the national average of 14, which could make Bond County more appealing to families prioritizing personalized education. This trend might also positively impact property appraisals and insurance rates, as better educational metrics are often linked with stable or appreciating real estate... Read more
Student-to-teacher ratio in Bond County, Illinois over the last 9 years
Over the past nine years, Bond County, Illinois has seen a gradual decline in its student-to-teacher ratio, from a high of nearly 15 students per teacher in 2014 to around 13 in 2023. While the national average is currently 14 students per teacher, Bond County has consistently trended below this mark in recent years, especially from 2020 onwards. Lower student-to-teacher ratios can potentially attract families valuing personalized attention in education, making the area more appealing for those considering relocation or investment in local real estate. This trend might also influence property appraisals and insurance rates, as enhanced educational factors often correlate with stable or appreciating property values.
