Bureau County Real Estate and Livability Trends
Bureau County, Illinois, is experiencing notable economic changes, with the average taxable income per tax return increasing from $50,953.50 in 2013 to $66,859.19 in 2021. This upward trend is mirrored in the local real estate market, where median home values have surged to $120,200 in 2022, still considerably below the state and national averages. The county has also seen a consistent rise in... Read more
Bureau County Market Trends
Median home values in Bureau County, Illinois, have surged to $120,200 in 2022, making the area significantly more affordable compared to the state average of $239,100 and the national median of $179,400. Notably, the average residential energy tax credit has shown remarkable volatility, spiking to $2,400.00 in 2018 and stabilizing around $900.00 to $1,068.00 from 2019 to 2021. Real estate taxes... Read more
Median Value of Occupied Housing Units in Bureau County, Illinois Over the Last 8 Years
The median home values in Bureau County, Illinois have seen modest fluctuations over the last eight years, with a recent surge to $120,200 in 2022. This county's housing market remains significantly more affordable compared to both the state and national levels, where Illinois averages reached $239,100 and the U.S. hit $179,400 in the same year. This could make Bureau County an attractive option for investors or homebuyers seeking more economical properties in Illinois without compromising on the potential for future appreciation.
Residential Energy Tax Credit Per Tax Return in Bureau County, IL Over the Last 9 Years
Over the past nine years in Bureau County, Illinois, the average residential energy tax credit per tax return has shown significant fluctuations. From a relatively stable range around $262.00 to $300.00 between 2013 and 2017, there was a sudden spike to $2,400.00 in 2018, followed by a decrease and stabilization around $900.00 to $1,068.00 from 2019 to 2021. This volatility could indicate changes in energy efficiency incentives or shifts in homeowner investments in energy-saving measures. These trends might be of particular interest to investors, real estate agents, appraisers, and insurance agents assessing property values and energy efficiency programs in the area.
Average Real Estate Taxes Per Tax Return in Bureau County, IL Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Bureau County, Illinois have shown a notable upward trend. Starting at approximately $3,368.70 in 2012, the figure has climbed consistently, peaking at around $5,489.74 in 2021. This steady increase reflects the rising property values and possibly local tax rate adjustments, making it a critical consideration for potential investors and homeowners. Such data can be pertinent for appraisers and insurance agents who need to adjust their valuations, while real estate agents might use these insights to guide clients more effectively.
Percentage of Farm Returns in Bureau County, IL Over the Last 10 Years
Over the past decade, the percentage of farm returns in Bureau County, Illinois, has generally hovered around 5.0%, with only slight fluctuations. This stability might suggest consistent agricultural activity, even as other economic factors vary. Essentially, farm tax returns are IRS filings from farm owners indicating income from agriculture, including crop sales and livestock. For those considering investment or property development in Bureau County, this steady trend indicates a potentially reliable agricultural base, which could be advantageous for related business ventures or for maintaining rural charm if you're thinking about moving there.
Number of Mortgages by Occupancy Type in Bureau County, IL Over the Last 5 Years in Bureau County
Over the last five years in Bureau County, Illinois, an interesting trend emerges from the mortgage data by occupancy type. Mortgages for principal residences have consistently dominated, peaking in 2020 and dipping slightly in subsequent years. Investment properties show a slow but steady growth, suggesting a gradual increase in investor confidence. Second residences, however, remain minimal, indicating low demand or market saturation. For investors, shifts in principal residence mortgages might hint at broader market stability or fluctuations in housing demand. Builders and real estate agents can leverage these insights to identify prime investment opportunities, while appraisers and insurance agents might consider the implications of varying occupancy types on property values and risk assessments.
Economic Outlook
Bureau County, Illinois, has seen an upward trend in average taxable income per tax return, jumping from $50,953.50 in 2013 to $66,859.19 in 2021. The most notable increase between 2020 and 2021 might suggest local economic improvements. Average state and local income taxes also rose sharply from $4,870.86 in 2012 to $10,835.14 in 2021, with significant spikes post-2017. Total tax liabilities per tax return showed a similar pattern, fluctuating but generally trending upwards from $7,680.63 in... Read more
Average Taxable Income per Tax Return in Bureau County, IL over the last 9 years
Bureau County, Illinois, has seen a steady upward trend in average taxable income per tax return over the past nine years, with notable increases from $50,953.50 in 2013 to $66,859.19 in 2021. The most significant growth occurred between 2020 and 2021, which could suggest economic improvements or rising incomes locally. For potential investors, residents, or those looking into property development, this upward trend might indicate a strengthening local economy and increasing affluence in the area.
Average State and Local Income Taxes Per Tax Return in Bureau County, IL Over the Last 10 Years
Bureau County, Illinois has witnessed significant fluctuations in average state and local income taxes per tax return over the last decade. Starting with $4,870.86 in 2012, the amount saw a notable spike to $10,835.14 in 2021. This rise indicates potential economic dynamics, policy changes, or demographic shifts, impacting residents and investors alike. The substantial increases observed, especially post-2017, suggest evolving financial landscapes that future investors and property developers should account for when considering financial projections or residence in the area.
Average Total Tax Liability Per Tax Return in Bureau County, IL Over the Last 10 Years
In Bureau County, Illinois, the average total tax liability per tax return has experienced notable fluctuations over the last decade. From a low of $7,680.63 in 2019 to a high of $10,024.16 in 2021, there has been a general upward trend despite occasional dips. For investors and potential residents, these changes can hint at varying economic circumstances and shifts in income levels, highlighting the region's financial dynamics. This pattern underscores the importance of considering tax liabilities when planning financial and residential moves to the area.
Cost of Living in Bureau County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $994 | $1,387 | $2,329 | $1,058 | $1,316 |
| 1 adult 4 children | $994 | $1,133 | $1,784 | $1,058 | $1,361 |
| 2 adults 3 children | $994 | $1,133 | $2,019 | $1,058 | $1,077 |
| 1 adult 3 children | $994 | $925 | $1,474 | $1,058 | $1,100 |
| 2 adults 2 children | $814 | $928 | $1,709 | $959 | $970 |
| 1 adult 2 children | $814 | $693 | $1,164 | $959 | $883 |
| 2 adults 1 child | $814 | $733 | $1,399 | $640 | $933 |
| 1 adult 1 child | $814 | $474 | $854 | $640 | $750 |
| 2 adults | $618 | $589 | $1,089 | $0 | $733 |
| 1 adult | $544 | $321 | $545 | $0 | $574 |
Safety trends & Data
Recent trends indicate that Bureau County, Illinois has seen a notable rise in property crimes, with larceny-theft incidents increasing from 29.00 in 2021 to 36.00 in 2022. Instances of vandalism have also grown, albeit on a smaller scale, climbing from 1.00 to 7.00 during the same period. This potentially impacts property values, insurance premiums, and community satisfaction, all of which are crucial for investors, property developers, and real estate agents to... Read more
Property Crime Trends in Bureau County, IL Over the Last 2 Years
Over the past two years, Bureau County, Illinois has experienced a notable uptick in property crimes, particularly in incidents of larceny-theft, which increased from 29.00 in 2021 to 36.00 in 2022. Vandalism also showed an increase, though on a smaller scale, growing from 1.00 to 7.00 instances during the same period. This could be relevant for potential investors, property developers, and real estate agents as it may impact property values, insurance premiums, and community satisfaction.
Demographics
In Bureau County, Illinois, the adult population shows a slightly higher number of females compared to males. Educational attainment is varied, but the majority have a high school diploma or some college experience. Age-wise, the county has a significant portion of its population aged 55 and older, indicating potential needs for enhanced services for seniors. Racially, the county is predominantly White, with smaller representations from other racial groups. This demographic setup could imply... Read more
Race Distribution in Bureau County, Illinois (2022)
Educational Attainment in Bureau County, Illinois (2022)
Age Distribution in Bureau County, Illinois
Citizen Population in Bureau County, Illinois (2022)
Political Trends & Data
Bureau County, Illinois, leans predominantly Republican, with roughly 60% of the vote in the 2020 U.S. Presidential Election going to the GOP. Democrats pulled in just over 38%, while minor parties like the Libertarians and Greens had minimal traction at about 1% and 0.5%, respectively. This skew could hint at a Republican influence on local policies and priorities, which may shape the community dynamics and infrastructure... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bureau County, Illinois, appears to lean predominantly Republican, with nearly 60% of the votes in the 2020 U.S. Presidential Election favoring the GOP. Democrats garnered slightly over 38%, while minor parties such as the Libertarians and Greens made negligible impacts, pulling in around 1% and 0.5%, respectively. This voting pattern might suggest a strong Republican influence in local politics, which could affect policy decisions and community priorities.
59.72% of voters voted for the Republican party in the 2020 Presidential Election
38.25% of voters voted for the Democrat party in the 2020 Presidential Election
1.20% of voters voted for the Livertarian party in the 2020 Presidential Election
0.54% of voters voted for the Green party in the 2020 Presidential Election
0.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bureau County, Illinois exhibits a declining student-to-teacher ratio over the past nine years, dropping from 12 in 2014 to 10 in 2023. This trend could imply more individualized attention for students, a potential draw for families and an appealing factor for investors and real estate agents. Such educational support might attract those emphasizing strong community resources, making it a noteworthy point for marketing... Read more
Student-to-teacher ratio in Bureau County, Illinois over the last 9 years
Bureau County, Illinois has seen a fluctuating yet generally declining student-to-teacher ratio over the past nine years, with values ranging from a high of 12 in 2014 to a low of 10 in 2023. This trend suggests that classrooms might be getting smaller, potentially allowing for more individualized attention compared to the national average of 14 students per teacher. This could be significant for families considering moving to the area and might indicate strong educational support, which could be attractive to investors, real estate agents, and appraisers who are keen on highlighting local benefits when marketing properties. Insurance agents and those looking to build property may also find these trends useful as it paints a picture of the community's priorities and resource allocation towards education.
