Brown County Real Estate and Livability Trends
Brown County, Illinois boasts steadily increasing average taxable income, peaking at $61,248.21 in 2021, which might attract savvy investors despite fluctuating state and local income taxes. While median home values have risen to $122,100 in 2022, they remain substantially lower than state and national medians, indicating potential affordability. Residential energy tax credits have grown... Read more
Brown County Market Trends
Median home values in Brown County, Illinois, have been climbing over the past eight years, hitting $122,100 in 2022, yet they remain significantly lower than the Illinois state median of $239,100 and the national median of $179,400. Residential energy tax credits have seen a notable rise, jumping from $525.00 in 2013 to $1,600.00 by 2020, which could reflect a growing investment in... Read more
Median Value of Occupied Housing Units in Brown County, Illinois Over the Last 8 Years
Over the past eight years, median home values in Brown County, Illinois have shown a steady increase, reaching $122,100 as of 2022. While this upward trend reflects growth, Brown County's median home values still lag behind the Illinois state median of $239,100 and the national median of $179,400 for 2022. This disparity could indicate potential opportunities for investors or homebuyers seeking more affordable housing options within Illinois, especially when compared to the higher state and national medians.
Residential Energy Tax Credit Per Tax Return in Brown County, IL Over the Last 5 Years
Over the past five years, residential energy tax credits in Brown County, Illinois have fluctuated, with a notable upward trend. Starting from $525.00 in 2013, there's a significant rise to $1,600.00 by 2020. This could indicate increasing investments in energy-efficient home improvements, possibly reflecting broader statewide or national incentives. For investors, real estate agents, and property developers, this persistent growth suggests a market that values and invests in energy efficiency, potentially enhancing property values and lowering long-term energy costs.
Average Real Estate Taxes Per Tax Return in Brown County, IL Over the Last 10 Years
Over the past decade, Brown County, Illinois has experienced a fluctuating yet upward trend in average real estate taxes per tax return. From $2,435.00 in 2012, taxes dipped and peaked, hitting a notable high of $3,266.67 in 2020 before slightly decreasing to $3,116.67 in 2021. This variability, likely influenced by local economic and policy changes, might be a critical consideration for prospective investors, homebuilders, real estate professionals, and current residents assessing the long-term financial landscape of the area.
Percentage of Farm Returns in Brown County, IL Over the Last 10 Years
Over the past decade in Brown County, Illinois, the percentage of farm tax returns demonstrates some fluctuations, peaking in 2016 at around 14.72% and dropping notably in 2020 to approximately 9.72%. Farm tax returns are essential financial filings for farmers, showcasing their income, expenses, and profitability within the agricultural sector. This data can be an indicator of the economic health and sustainability of farming in the county, potentially influencing investment decisions, property development, and the overall agricultural landscape.
Number of Mortgages by Occupancy Type in Brown County, IL Over the Last 5 Years in Brown County
In Brown County, Illinois, trends show fluctuating mortgage counts for investment properties and principal residences over the past five years, with a spike in investment property mortgages in 2022. This variation in occupancy type is crucial for investors and real estate agents, as rising investment property mortgages could signal increasing confidence and potential growth in rental demand. Appraisers might find these trends useful for assessing property values, while insurance agents could adjust policies to reflect the shifting climate. For prospective homeowners, knowing that principal residence mortgages have generally been high might encourage a stable outlook on the local housing market.
Economic Outlook
Real estate investors and homebuyers in Brown County, Illinois might find the region increasingly attractive given the steady rise in average taxable income, peaking at $61,248.21 in 2021. However, the area has experienced notable fluctuations in state and local income taxes, with significant peaks in 2018 and 2021 at $6,057.14 and $6,220.00, respectively. This variability, along with an upward trend in total tax liabilities reaching $7,826.52 in 2021, could influence financial decisions and... Read more
Average Taxable Income per Tax Return in Brown County, IL over the last 9 years
Average taxable income per tax return in Brown County, Illinois has seen a steady increase over the past nine years, reaching a peak of $61,248.21 in 2021. This upward trend suggests potential growth in economic conditions and could indicate a rising standard of living in the area. Such an increase may encourage investors, homebuyers, and property developers to consider Brown County as a viable location for investment and development, looking to capitalize on the area’s apparent economic growth.
Average State and Local Income Taxes Per Tax Return in Brown County, IL Over the Last 10 Years
Brown County, Illinois has seen a notable fluctuation in average state and local income taxes per tax return over the past decade, with significant increases around 2018 and 2021 where figures peaked at $6,057.14 and $6,220.00, respectively. These shifts indicate changing economic conditions and possibly evolving local policies. Such trends are critical for potential investors and new residents in assessing long-term financial commitments and understanding the broader economic landscape of the county.
Average Total Tax Liability Per Tax Return in Brown County, IL Over the Last 10 Years
Over the past decade, Brown County, Illinois has exhibited fluctuations in average total tax liability per tax return, with a general upward trend. Notably, there was a peak in 2016 at approximately $7597.14, followed by a slight dip, and a substantial increase in 2021, reaching around $7826.52. This pattern suggests a potentially growing tax burden which could impact financial decisions for residents and investors alike. Understanding these shifts is crucial for those assessing the long-term economic stability and tax climate of the area.
Cost of Living in Brown County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $942 | $1,428 | $2,409 | $1,058 | $1,353 |
| 1 adult 4 children | $942 | $1,166 | $1,846 | $1,058 | $1,390 |
| 2 adults 3 children | $942 | $1,166 | $2,088 | $1,058 | $1,102 |
| 1 adult 3 children | $942 | $952 | $1,525 | $1,058 | $1,118 |
| 2 adults 2 children | $774 | $955 | $1,767 | $959 | $987 |
| 1 adult 2 children | $774 | $713 | $1,204 | $959 | $894 |
| 2 adults 1 child | $774 | $755 | $1,446 | $640 | $943 |
| 1 adult 1 child | $774 | $487 | $884 | $640 | $750 |
| 2 adults | $588 | $606 | $1,126 | $0 | $738 |
| 1 adult | $531 | $331 | $563 | $0 | $571 |
Demographics
Brown County, Illinois shows a gender discrepancy with males possibly outnumbering females significantly. Educational attainment appears varied, with high school graduates representing the largest group and a minor portion of residents holding graduate or professional degrees. Age distribution seems balanced, but there's an observable younger demographic under 35 years old. The population is predominantly White, though there is a noteworthy presence of Black or African American residents,... Read more
Race Distribution in Brown County, Illinois (2022)
Educational Attainment in Brown County, Illinois (2022)
Age Distribution in Brown County, Illinois
Citizen Population in Brown County, Illinois (2022)
Political Trends & Data
Brown County, Illinois, seems to heavily favor Republican candidates, with around 76% of the vote in the latest presidential election. This conservative leaning, contrasted by Democrats receiving about 19% and Libertarians and others at under 2% each, suggests that political preferences here could shape community and development policies, potentially influencing real estate trends. Understanding this political backdrop may offer insights into resident priorities and long-term investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Brown County, Illinois, shows a significant leaning towards the Republican party, with approximately 76% of the vote. Democrats garnered about 19%, while Libertarians and other parties captured just under 2% each. These figures suggest that Brown County residents substantially prefer Republican candidates over others, indicating a potentially deep-seated conservative inclination in local political attitudes.
76.60% of voters voted for the Republican party in the 2020 Presidential Election
19.28% of voters voted for the Democrat party in the 2020 Presidential Election
1.86% of voters voted for the Livertarian party in the 2020 Presidential Election
0.40% of voters voted for the Green party in the 2020 Presidential Election
1.86% of voters voted for the Other party in the 2020 Presidential Election
School Data
Brown County, Illinois has seen decreasing student-to-teacher ratios over the past nine years, moving from 17 students per teacher in 2014 to around 13 recently. This trend nearing the national average might attract families looking for more personalized education for their kids, potentially uplifting property values. For investors and real estate agents, it can signal improved educational quality, influencing appraisals and insurance considerations as the community appears to invest in... Read more
Student-to-teacher ratio in Brown County, Illinois over the last 9 years
Over the past nine years, the student-to-teacher ratio in Brown County, Illinois has shown a general trend of decline, moving from 17 students per teacher in 2014 to around 13 in recent years. This ratio has gradually approached the national average of 14 students per teacher, which might make the area more attractive to families seeking personalized education opportunities for their children. For investors, real estate agents, and those considering a move, such a trend could indicate improvements in educational quality and potentially uplift property values. Lower student-to-teacher ratios can also influence appraisals and insurance considerations, as they often reflect a community investing in educational infrastructure.
