Carroll County Real Estate and Livability Trends
Carroll County, Illinois has seen a rise in average taxable incomes, reaching about $66,666.71 in 2021, hinting at economic stability. Median home values increased from $95,700 in 2015 to $109,900 in 2022, suggesting relatively affordable buying options compared to broader trends. Energy-efficient home investments appear notable with tax credit claims nearing $1,820.00 from 2018 to 2021. Despite... Read more
Carroll County Market Trends
Carroll County, Illinois has experienced an upward trend in median home values, rising from $95,700 in 2015 to $109,900 in 2022, which suggests more affordable buying opportunities compared to state and national trends. Residential energy tax credit claims surged to almost $1820.00 from 2018 to 2021, likely reflecting increased investments in energy-efficient home upgrades and potential tax... Read more
Median Value of Occupied Housing Units in Carroll County, Illinois Over the Last 8 Years
Carroll County, Illinois has seen its median home values fluctuate over the past eight years, with an overall upward trend from $95,700 in 2015 to $109,900 in 2022. Compared to the state and national trends, Carroll County's values are noticeably lower but have grown steadily. Illinois' median home values rose from $173,800 to $239,100 in the same timeframe, while nationally, the values surged from $125,500 to $179,400. This suggests that Carroll County could offer more affordable opportunities for buyers and investors when compared to broader trends, possibly making it an attractive option for those looking for cost-effective real estate investments or affordable living options.
Residential Energy Tax Credit Per Tax Return in Carroll County, IL Over the Last 8 Years
Carroll County, Illinois has seen intriguing fluctuations in residential energy tax credits per tax return over the past eight years. The amounts generally hovered between $300.00 and $400.00 until 2016, after which there was a notable decline to $214.29 in 2017. The most significant jump occurred between 2018 and 2019, spiking to $1427.27 and then increasing further to hover around $1806.67 to $1820.00 from 2020 to 2021. This trend suggests a growing investment in energy-efficient home upgrades, offering potential tax advantages and long-term savings, making it a valuable insight for investors, realtors, and appraisers alike.
Average Real Estate Taxes Per Tax Return in Carroll County, IL Over the Last 10 Years
Real estate taxes in Carroll County, Illinois, have shown a fluctuating but generally upward trend over the past decade, with significant increases seen specifically in 2019 ($6278.26) and 2020 ($6470.00). Such variability suggests potential financial volatility, possibly impacting investment decisions and property valuations. The recent moderation to $5290.00 in 2021 may hint at stabilization, but the overall trend highlights the need for careful financial planning for homeowners and investors, as tax implications could affect long-term affordability and returns.
Percentage of Farm Returns in Carroll County, IL Over the Last 10 Years
Over the last decade, Carroll County, Illinois has seen subtle fluctuations in the percentage of farm tax returns. Starting from around 7.12% in 2012, this metric showed a slight overall increase, peaking at approximately 7.40% in 2018 before settling near 7.04% in 2021. These small changes in farm returns might indicate a stable agricultural economy, which can be appealing for potential investors looking at rural development, property investment, or community growth in farming regions.
Number of Mortgages by Occupancy Type in Carroll County, IL Over the Last 5 Years in Carroll County
Over the past five years in Carroll County, Illinois, there's been a noticeable fluctuation in the number of mortgages, particularly for principal residences and second homes. Principal residence mortgages showed a significant peak in 2020, followed by a gradual decline, while second residences saw a spike and then a sharp drop. Investment property mortgages have remained relatively low and stable. Such shifts in occupancy type might indicate underlying economic or lifestyle changes affecting the region. For investors and real estate agents, understanding these trends is key to identifying potential opportunities or risks. Appraisers and insurance agents could also find this data valuable for assessing property values and risk. The observed variations could be driven by factors like economic conditions, market demand, and population trends, impacting decisions for those considering moving to or investing in Carroll County.
Economic Outlook
Carroll County, Illinois has witnessed a steady rise in average taxable incomes, hitting about $66,666.71 in 2021, hinting at possible economic stability. Meanwhile, state and local income taxes have varied significantly over the past decade, surging from just over $4,500.00 in 2012 to almost $7,900.00 by 2020, which could reflect shifts in local tax policies or economic conditions. The total tax liability per return also shows an overall upward trend, peaking at $9,555.97 in 2021, implying... Read more
Average Taxable Income per Tax Return in Carroll County, IL over the last 9 years
Carroll County, Illinois, has shown a consistent increase in average taxable income over the last nine years, with the 2021 figure reaching approximately $66,666.71. This upward trajectory, especially significant since 2018, might indicate a growing economic stability and prosperity in the area. For investors, this trend could suggest a robust local economy, while prospective residents might view this as a promising sign of financial health. Builders and property developers might see Carroll County's rising incomes as a signal for potential growth opportunities in the housing market.
Average State and Local Income Taxes Per Tax Return in Carroll County, IL Over the Last 10 Years
Investors and residents eyeing Carroll County, Illinois should note a fluctuating trend in average state and local income taxes per tax return over the past decade. Taxes rose notably from just above $4,500.00 in 2012 to nearly $7,900.00 by 2020, showing significant peaks and dips. The county saw substantial increases in periods like 2018-2020, indicating potential shifts in local fiscal policy or economic conditions. Such variances can impact disposable income, influencing both the cost of living and investment viability in the area.
Average Total Tax Liability Per Tax Return in Carroll County, IL Over the Last 10 Years
Over the last decade, Carroll County, Illinois has seen a fluctuating yet generally upward trend in average total tax liability per tax return, peaking at $9,555.97 in 2021. This pattern suggests a potential increase in taxable income or changes in tax policy, which might be of particular interest to investors or potential residents looking at economic conditions. The notable jump from $8,699.44 in 2020 to $9,555.97 in 2021 indicates a significant rise in financial obligations, possibly signaling economic growth or policy adjustments. Understanding these increments could be crucial for anyone considering financial commitments in the area.
Cost of Living in Carroll County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children |
$942 | $1,404 | $2,574 | $1,058 | $1,385 |
1 adult 4 children |
$942 | $1,146 | $1,974 | $1,058 | $1,414 |
2 adults 3 children |
$942 | $1,147 | $2,231 | $1,058 | $1,127 |
1 adult 3 children |
$942 | $936 | $1,631 | $1,058 | $1,134 |
2 adults 2 children |
$774 | $939 | $1,888 | $959 | $1,002 |
1 adult 2 children |
$774 | $701 | $1,287 | $959 | $904 |
2 adults 1 child |
$774 | $742 | $1,544 | $640 | $954 |
1 adult 1 child |
$774 | $479 | $944 | $640 | $755 |
2 adults |
$611 | $596 | $1,201 | $0 | $754 |
1 adult |
$531 | $325 | $600 | $0 | $576 |
Demographics
Carroll County, Illinois, shows a fairly balanced gender distribution with a slight majority of males over females. Educational attainment is mixed, with a notable chunk of the population having a high school diploma or some college education, yet a significant portion lacks a formal diploma. Age-wise, the county skews older, with a substantial number of residents aged 55 and above, indicating potential future challenges related to aging populations. Racial diversity is quite limited, with the... Read more
Race Distribution in Carroll County, Illinois (2022)
Educational Attainment in Carroll County, Illinois (2022)
Age Distribution in Carroll County, Illinois
Citizen Population in Carroll County, Illinois (2022)
Political Trends & Data
Carroll County, Illinois, may show a pronounced preference for the Republican Party, with Republicans perhaps receiving around 63.6% of the 2020 U.S. Presidential Election vote, compared to Democrats who might have garnered approximately 34.2%. Other parties only captured marginal support, each probably under 2%. This suggests a potential lack of political diversity, emphasizing a strong two-party system skewed towards Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Carroll County, Illinois, showed a strong leaning towards the Republican Party in the 2020 U.S. Presidential Election, with Republicans possibly capturing around 63.6% of the vote. Democrats trailed behind, potentially securing close to 34.2%, while Libertarians and other parties had relatively minor impacts, each gaining less than 2%. The data may reflect a notable partisan split, with third parties barely making a dent in voter preference. This distribution might suggest that Carroll County isn't very politically diverse, favoring a two-party system with a heavy tilt toward Republican ideals.
63.62% of voters voted for the Republican party in the 2020 Presidential Election
34.25% of voters voted for the Democrat party in the 2020 Presidential Election
1.38% of voters voted for the Livertarian party in the 2020 Presidential Election
0.49% of voters voted for the Green party in the 2020 Presidential Election
0.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
Carroll County, Illinois, has experienced a significant decline in its student-to-teacher ratio, dropping from 22 in 2014 to around 13 recently, well below the national average of 14. This trend could be appealing to investors and prospective residents, as smaller class sizes often suggest better educational outcomes and more personalized attention for students. This shift in educational quality may influence property values, making the area more attractive to families and potentially... Read more
Student-to-teacher ratio in Carroll County, Illinois over the last 9 years
Over the past nine years, Carroll County, Illinois, has seen a notable decline in its student-to-teacher ratio, dropping from 22 in 2014 to around 13 in recent years. This shift trends significantly below the national average of 14 students per teacher. Investors, prospective residents, and real estate agents might find this appealing because smaller class sizes could imply better educational outcomes and more personalized attention for students. Appraisers and insurance agents may also see this data influencing property values, as high-quality education is a critical factor for families when choosing a place to live, which can indirectly impact demand and property prices.