Clay County Real Estate and Livability Trends
Clay County, Illinois has seen a noteworthy rise in median home values from $77,000 in 2015 to $103,600 in 2022, suggesting increased investment potential due to its relative affordability. Notably, the average residential energy tax credit per tax return peaked at $1,400.00 in 2021, hinting at a surge in energy-efficient property investments. Farm tax returns held steady at around 8.50%,... Read more
Clay County Market Trends
Clay County, Illinois, has seen a steady increase in median home values from $77,000 in 2015 to $103,600 in 2022, outpacing state and national growth rates. This trend suggests emerging investment opportunities due to the area's relative affordability. The average residential energy tax credit per tax return also experienced significant fluctuations, peaking at $1,400.00 in 2021, indicating a... Read more
Median Value of Occupied Housing Units in Clay County, Illinois Over the Last 8 Years
Over the past eight years, Clay County, Illinois, saw an increase in median home values from $77,000 in 2015 to $103,600 in 2022, marking a notable growth compared to state and national trends. While Illinois experienced a rise from $173,800 to $239,100 and the U.S. saw home values climb from $125,500 to $179,400, Clay County's growth trajectory may initially seem modest. However, this growth could indicate emerging investment opportunities as the area’s relative affordability becomes increasingly attractive. Potential residents and investors might find appealing prospects in the county’s lower-than-average home values, suggesting room for appreciation in the coming years.
Residential Energy Tax Credit Per Tax Return in Clay County, IL Over the Last 8 Years
Over the past eight years in Clay County, Illinois, the average residential energy tax credit per tax return has shown some notable fluctuations. Starting at $546.67 in 2013, the average spiked to $869.23 in 2014, later dropping to $522.22 by 2016. The trend then saw a resurgence with figures reaching $1,050.00 in 2019 and peaking at $1,400.00 in 2021. These changes could be of particular interest to investors and property developers as they might suggest evolving incentives or growing adoption of energy-efficient technologies in the county. This data is potentially valuable for real estate agents and insurance agents evaluating the attractiveness and modernity of properties in the area.
Average Real Estate Taxes Per Tax Return in Clay County, IL Over the Last 10 Years
Over the past decade in Clay County, Illinois, average real estate taxes per tax return have shown variability, rising from $2,408.00 in 2012 to a peak of $3,758.33 in 2019, before moderating to $3,172.73 in 2021. While the beginning of the decade saw more modest increases, significant jumps occurred around 2018 and 2019. These fluctuations could be indicative of local policy changes, economic shifts, or property value adjustments, offering potential insights for investors, property developers, and real estate professionals evaluating market trends.
Percentage of Farm Returns in Clay County, IL Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Clay County, Illinois, has hovered around 8.50%, with minor fluctuations. Farm tax returns reflect the proportion of filed tax returns that report farm income, indicating the importance of agriculture in the local economy. For potential investors, builders, or new residents, these consistent percentages suggest a stable agricultural presence which might influence property values and local economic conditions. Recognizing the importance of farming here could provide opportunities for agribusiness investments or considerations in community planning.
Number of Mortgages by Occupancy Type in Clay County, IL Over the Last 5 Years in Clay County
Clay County, Illinois, has seen fluctuations in mortgage counts across different occupancy types over the last five years. Principal residences have consistently represented the bulk of mortgage activity, peaking in 2021 with 379 mortgages and showing variability with a lower count of 232 in 2018. Investment properties, although a smaller segment, have generally increased from 2 mortgages in 2018 to 11 in 2022. Meanwhile, mortgages for second residences have remained minimal and relatively stable, usually around 2 or 3 per year. This shift in occupancy type might indicate evolving housing market trends that could impact decisions for investors, homebuyers, appraisers, insurance agents, and realtors. Variability in principal residence financing suggests economic and demographic shifts, while the uptick in investment property mortgages could hint at growing confidence in rental markets or property flipping opportunities. Real estate stakeholders need to consider these trends when evaluating property values, potential returns, or insurance risk profiles.
Economic Outlook
Clay County, Illinois has experienced a steady increase in average taxable income per tax return from approximately $44,340.87 in 2013 to around $56,090.85 in 2021, hinting at potential income growth. Alongside this, the county has seen fluctuating state and local income taxes, with a peak of $6,275.00 in 2019, stabilizing around $5,890.00 in 2021. Additionally, the average total tax liability per tax return rose from $6,072.22 in 2012 to $7,136.46 in 2021, suggesting an increased economic... Read more
Average Taxable Income per Tax Return in Clay County, IL over the last 9 years
Over the past 9 years, Clay County, Illinois has seen a steady increase in the average taxable income per tax return, rising from approximately $44,340.87 in 2013 to around $56,090.85 in 2021. This upward trend suggests potential income growth, which might appeal to investors and prospective residents seeking financial stability and economic opportunity. With the average taxable income showing consistent progress, it could be an enticing indicator for those aiming to build property or move to the area.
Average State and Local Income Taxes Per Tax Return in Clay County, IL Over the Last 10 Years
Clay County, Illinois has witnessed a fluctuating trend in average state and local income taxes per tax return over the past decade. The steepest increase occurred between 2017 and 2019, peaking at $6,275.00 in 2019, followed by a slight dip in 2020 and 2021, stabilizing around $5,890.00. This variation informs potential investors and residents about the shifting fiscal landscape, crucial for budgeting and financial planning in the area.
Average Total Tax Liability Per Tax Return in Clay County, IL Over the Last 10 Years
Over the past decade, Clay County, Illinois has seen a fluctuating yet noticeable increase in the average total tax liability per tax return, culminating in a significant rise to $7,136.46 in 2021 from $6,072.22 in 2012. This trend may suggest an increasing economic burden on residents, which could influence decisions for potential investors or those considering moving to or building property in the area. While taxes have varied year-to-year, the overall upward trend is a critical factor to consider for long-term financial planning and investment strategies.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $942 | $1,379 | $2,902 | $1,058 | $1,509 |
| 1 adult 4 children | $942 | $1,126 | $2,227 | $1,058 | $1,527 |
| 2 adults 3 children | $942 | $1,127 | $2,514 | $1,058 | $1,232 |
| 1 adult 3 children | $942 | $920 | $1,839 | $1,058 | $1,226 |
| 2 adults 2 children | $774 | $922 | $2,126 | $959 | $1,068 |
| 1 adult 2 children | $774 | $689 | $1,451 | $959 | $972 |
| 2 adults 1 child | $774 | $729 | $1,738 | $640 | $1,008 |
| 1 adult 1 child | $774 | $471 | $1,063 | $640 | $791 |
| 2 adults | $600 | $586 | $1,350 | $0 | $793 |
| 1 adult | $531 | $319 | $675 | $0 | $599 |
Demographics
Clay County, Illinois, showcases a balanced adult population with a slight female majority. Educational attainment is concentrated at the high school graduate level, with less than 1,000 people holding advanced degrees. Age distribution points to a diverse age range, though there's a notable number of residents aged 55 and older. Racially, the county is predominantly White, with very minimal representation from other racial groups. This demographic framework hints at stable adult... Read more
Race Distribution in Clay County, Illinois (2022)
Educational Attainment in Clay County, Illinois (2022)
Age Distribution in Clay County, Illinois
Citizen Population in Clay County, Illinois (2022)
Political Trends & Data
Clay County, Illinois leans heavily Republican, as indicated by over 81% of votes in the 2020 Presidential Election going to GOP. Democrats lagged with nearly 16%, and minor parties like Libertarians and Greens barely made a dent. This partisan tilt might provide some insights into local real estate dynamics, potentially influencing development projects, market preferences, and community investments in areas aligned with conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Voter data for Clay County, Illinois hints at a strong Republican inclination, with over 81% of the electorate favoring the GOP in the 2020 Presidential Election. Democrats garnered nearly 16%, trailing significantly behind. Minor parties like the Libertarians and Greens, alongside other affiliations, contributed minimally to the overall vote share, each managing only a small fraction of the total. This pattern may suggest a predominantly conservative electorate within the county.
81.75% of voters voted for the Republican party in the 2020 Presidential Election
16.40% of voters voted for the Democrat party in the 2020 Presidential Election
1.28% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Green party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past nine years, Clay County, Illinois has gradually seen its student-to-teacher ratio decrease from 15:1 in 2014 to 12:1 in 2023, now below the national average of 14:1. This trend could signal smaller class sizes and potentially more individualized attention for students, which might attract families looking to move or invest in real estate in the area. Additionally, educators seeking a more engaged academic environment might find this appealing. Lower ratios could interest... Read more
Student-to-teacher ratio in Clay County, Illinois over the last 9 years
Over the past nine years, Clay County, Illinois has seen a gradual decrease in the student-to-teacher ratio, moving from 15 students per teacher in 2014 to about 12 students per teacher in 2023. This student-to-teacher ratio, which is now below the national average of 14 students per teacher, might indicate smaller class sizes and potentially more individualized attention for students. This trend could be a positive signal for those considering moving to the area, looking to invest in real estate, or even for educators seeking employment in a more engaged academic environment. Lower ratios are also likely of interest to appraisers and insurance agents who consider local school quality when assessing property values and risks.
