Coles County Real Estate and Livability Trends
Coles County, Illinois, has shown a modest but steady rise in median home values from $91,800 in 2015 to $114,000 in 2022, suggesting potentially attractive opportunities for budget-conscious buyers and investors. Add to this, a noticeable spike in residential energy tax credits, particularly in 2017 and 2019, implies significant investments in energy-efficient home upgrades. However, an increase... Read more
Coles County Market Trends
Coles County, Illinois's median home values have edged up from $91,800 in 2015 to $114,000 in 2022, which is a slower but steady rise compared to state and national figures. This could present more affordable real estate opportunities for budget-conscious buyers and investors. The average residential energy tax credit per return spiked noticeably, especially in 2017 and 2019, suggesting a... Read more
Median Value of Occupied Housing Units in Coles County, Illinois Over the Last 8 Years
Coles County, Illinois has seen a gradual increase in median home values from $91,800 in 2015 to $114,000 in 2022, reflecting an upswing that may pique the interest of investors and potential homeowners. When compared to Illinois and national figures, Coles County's growth pace appears slower but steady. Statewide, Illinois' median home values rose from $173,800 to $239,100, and nationally, values increased from $125,500 to $179,400 over the same period. These disparities might present opportunities for more affordable investments in Coles County, which could attract those seeking cost-effective housing options within Illinois.
Residential Energy Tax Credit Per Tax Return in Coles County, IL Over the Last 8 Years
Over the past eight years, Coles County, Illinois has experienced a marked increase in the average residential energy tax credit per tax return, particularly around 2017, when it spiked to $505.56, and then surged dramatically in 2019 to $1,352.94. Despite a slight decrease afterward, the credits remained significantly higher than in earlier years. This upward trend suggests growing investment in energy-efficient upgrades, making Coles County an appealing location for real estate investors, builders, and insurance agents focusing on green energy solutions. For prospective homeowners, the higher credits could imply better energy-saving infrastructure, potentially reducing long-term living costs.
Average Real Estate Taxes Per Tax Return in Coles County, IL Over the Last 10 Years
Over the past decade, Coles County, Illinois has seen a notable increase in average real estate taxes per tax return, starting from $3680.27 in 2012 and peaking at approximately $5240.00 in 2020. This consistent upward trend suggests a rising cost of property ownership in the county, which might signal a growing local economy or increased property values. Such a shift could be pertinent for potential investors, homebuyers, and real estate agents, highlighting the need to consider these escalating tax costs in financial planning and appraisals.
Percentage of Farm Returns in Coles County, IL Over the Last 10 Years
Over the past decade, Coles County in Illinois has seen a subtle decline in the percentage of farm tax returns, dropping from roughly 2.97% in 2012 to about 2.60% in 2021. Farm tax returns, which detail income and expenses from farming activities, offer valuable insights into the agricultural economy and can highlight trends in farm profitability and rural economic stability. This downward trend might reflect broader changes in the local agricultural industry, potentially signaling shifts in farm sizes, ownership structures, or overall economic conditions. For investors, property developers, or anyone interested in this region, these changes could suggest evolving opportunities and challenges in the area's agricultural sector.
Number of Mortgages by Occupancy Type in Coles County, IL Over the Last 5 Years in Coles County
Changes in the number of mortgages by occupancy type in Coles County, Illinois, over the last five years indicate notable trends. The number of mortgages for principal residences has shown significant growth, suggesting robust demand for primary housing. Investment property mortgages have seen less consistent growth, which might imply fluctuating investor confidence or market conditions. Second residence mortgages remain relatively static and low, hinting that the market for secondary homes is quite niche. Such shifts in occupancy type can influence property values, insurance risks, and investment strategies, providing critical insights for those planning to move, invest, or build in the area.
Economic Outlook
The average taxable income per tax return in Coles County, Illinois, has risen from $50,567.14 in 2013 to $64,738.47 in 2021, hinting at improved economic conditions and potentially higher earning potential. While average state and local income taxes have significantly climbed from $6,049.86 in 2012 to $13,395.83 by 2021, suggesting increased fiscal pressures. Total tax liabilities have shown fluctuations with peaks in 2014 and 2021, offering insights into potential economic shifts or policy... Read more
Average Taxable Income per Tax Return in Coles County, IL over the last 9 years
The average taxable income per tax return in Coles County, Illinois, has shown a general upward trend over the last nine years, reaching $64,738.47 in 2021 from $50,567.14 in 2013. This consistent increase may suggest improving economic conditions or higher earning potential in the area, which could be attractive to potential investors, new residents, and developers looking to capitalize on a growing local economy. Even though there are minor fluctuations, the nearly $14,000 rise over this period implies a potentially stable environment for financial growth.
Average State and Local Income Taxes Per Tax Return in Coles County, IL Over the Last 10 Years
Over the past decade, Coles County, Illinois has seen significant growth in average state and local income taxes per tax return, starting at $6,049.86 in 2012 and skyrocketing to $13,395.83 by 2021. This upward trend, particularly notable from 2018 onwards with values hitting $9,385.48 and accelerating further, suggests increasing fiscal pressures or rising incomes within the county. Investors, potential residents, and property developers should be aware of these rising tax liabilities which could impact financial planning and cost of living assessments.
Average Total Tax Liability Per Tax Return in Coles County, IL Over the Last 10 Years
Over the past decade, Coles County, Illinois, has generally experienced fluctuations in average total tax liabilities per tax return, with notable peaks in 2014 and 2021 at $9,309.90 and $9,704.97, respectively. The lowest point occurred in 2018 at $8,078.50, providing potential insight into economic conditions or policy changes during these years. For those looking to invest or build property in Coles County, understanding these trends could help gauge fiscal health and predict future tax burdens.
Cost of Living in Coles County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,098 | $1,339 | $2,569 | $1,058 | $1,364 |
| 1 adult 4 children | $1,098 | $1,094 | $1,970 | $1,058 | $1,395 |
| 2 adults 3 children | $1,098 | $1,094 | $2,227 | $1,058 | $1,116 |
| 1 adult 3 children | $1,098 | $893 | $1,627 | $1,058 | $1,126 |
| 2 adults 2 children | $808 | $896 | $1,884 | $959 | $956 |
| 1 adult 2 children | $808 | $669 | $1,285 | $959 | $848 |
| 2 adults 1 child | $808 | $708 | $1,541 | $640 | $916 |
| 1 adult 1 child | $808 | $457 | $942 | $640 | $725 |
| 2 adults | $614 | $569 | $1,199 | $0 | $715 |
| 1 adult | $540 | $310 | $599 | $0 | $551 |
Demographics
In Coles County, Illinois, the population exhibits a fairly balanced gender ratio, with a slight predominance of females. Educational attainment levels show a significant portion of the population has at least a high school diploma, though fewer achieve higher education degrees. The age distribution reveals a diverse range of age groups, with a noticeable peak in the 20 to 24-year-old bracket, possibly due to local colleges. The racial makeup is predominantly White, with relatively small... Read more
Race Distribution in Coles County, Illinois (2022)
Educational Attainment in Coles County, Illinois (2022)
Age Distribution in Coles County, Illinois
Citizen Population in Coles County, Illinois (2022)
Political Trends & Data
Coles County, Illinois, appears to have leaned heavily conservative in the 2020 U.S. Presidential Election, with about 62% of votes possibly going to the Republican candidate. The Democratic party might have only secured around 36% of the vote, indicating a significant gap. This suggests a predominantly Republican voter base, which could influence local real estate market trends favoring developments that align with conservative values and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Coles County, Illinois, the Republican party possibly secured a solid lead in the 2020 U.S. Presidential Election, garnering roughly 62% of the votes. The Democratic party potentially trailed significantly with about 36%, while third-party candidates collectively accounted for a modest share of the remaining votes. This trend might hint at a predominantly conservative electorate within the county.
62.09% of voters voted for the Republican party in the 2020 Presidential Election
35.69% of voters voted for the Democrat party in the 2020 Presidential Election
1.35% of voters voted for the Livertarian party in the 2020 Presidential Election
0.58% of voters voted for the Green party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
Coles County, Illinois has seen notable fluctuations in its student-to-teacher ratio over the past nine years, with dramatic changes ranging from 12 to 21 students per teacher. These swings, often higher than the national average of 14, might highlight shifting policies, funding changes, or enrollment trends. Such volatility is worth considering for anyone evaluating real estate or making investment decisions in the... Read more
Student-to-teacher ratio in Coles County, Illinois over the last 9 years
Coles County, Illinois has shown significant fluctuations in the student-to-teacher ratio over the last nine years. For instance, while the ratio dropped to around 13 students per teacher in 2015 and 2018, it spiked dramatically to 21 students per teacher in 2019. Although it dipped again in 2020 to 12, it sharply increased to approximately 19 by 2022 and 18 in 2023. These variations might reflect shifting district policies, funding changes, or enrollment trends and could influence decisions for investors, prospective residents, appraisers, insurance agents, builders, and real estate agents who may be considering the area. For context, the national average sits at about 14 students per teacher, making Coles County's higher ratios in certain years potentially relevant for understanding local educational dynamics.
