Cumberland County Real Estate and Livability Trends
In Cumberland County, Illinois, home values have appreciated steadily from $93,400 in 2015 to $116,000 in 2022, signaling potential investment opportunities. Tax data shows a rise in average taxable income per return from $47,629.61 in 2013 to $64,542.77 in 2021, suggesting stronger economic conditions. Interestingly, residential energy tax credits surged from $415.38 in 2013 to $2,140.00 in... Read more
Cumberland County Market Trends
Cumberland County, Illinois has experienced a steady home value appreciation from $93,400 in 2015 to $116,000 in 2022, presenting a potentially lucrative and accessible market for homebuyers and investors. The average residential energy tax credits spiked dramatically from $415.38 in 2013 to $2,140.00 in 2021, suggesting increased investments in energy efficiency, which might enhance property... Read more
Median Value of Occupied Housing Units in Cumberland County, Illinois Over the Last 8 Years
Cumberland County, Illinois has experienced a steady rise in median home values over the past eight years, with the median value increasing from $93,400 in 2015 to $116,000 in 2022. While this upward trend might seem modest compared to the statewide median value rise from $173,800 to $239,100, it offers a more accessible entry point for potential homeowners or investors. On the national front, median home values also saw significant growth, moving from $125,500 to $179,400 in the same period. For those considering a move or investment, Cumberland County stands out as a more affordable option with strong growth potential relative to both state and national figures.
Residential Energy Tax Credit Per Tax Return in Cumberland County, IL Over the Last 8 Years
Cumberland County, Illinois has showcased a fluctuating yet overall increasing trend in average residential energy tax credits per tax return over the last eight years. In 2013, the average was approximately $415.38, peaking dramatically in 2021 at about $2,140.00. This volatility might suggest an increased investment in energy-efficient home improvements or changes in tax policy. These trends are crucial for potential investors and real estate agents to consider as they indicate a growing awareness and possibly subsidization of energy-efficient properties, which could add value and appeal to new buyers. Insurance agents might also find interest in this data, as energy-efficient upgrades might lower risk and claims costs, affecting premium calculations.
Average Real Estate Taxes Per Tax Return in Cumberland County, IL Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Cumberland County, Illinois have shown a general upward trend, climbing from $2,622.50 in 2012 to around $3,742.86 in 2021. This gradual increase could be of significant interest to prospective property investors and real estate agents as it potentially reflects rising property values in the area. Appraisers and insurance agents may also want to note this trend for their assessments and premium calculations. For current residents or those looking to move, understanding this rise in property taxes can help in financial planning and budgeting.
Percentage of Farm Returns in Cumberland County, IL Over the Last 10 Years
Over the last decade, Cumberland County, Illinois has seen fluctuating percentages of farm tax returns, hovering around 10-11%. This tax return data provides insight into the agricultural activity and stability in the area, with the highest percentage in 2017 at approximately 11.29% and the lowest in 2020 at about 10.06%. For investors and developers, these numbers suggest a relatively stable agricultural sector, which can be an indicator of economic health and opportunities within the county.
Number of Mortgages by Occupancy Type in Cumberland County, IL Over the Last 5 Years in Cumberland County
Cumberland County, Illinois has seen a consistent trend in its mortgage data over the last five years, revealing some shifts in property preferences. Principal residences dominate the mortgage counts, peaking in 2020 with 245 mortgages, but have notably declined to 149 by 2022. Mortgages for investment properties have dwindled from 7 down to 2, while second residences remain a minor, stable segment. These shifts might indicate changing economic conditions, market confidence, or demographic movements, providing key insights for potential investors, developers, and real estate professionals evaluating this area's market dynamics.
Economic Outlook
In Cumberland County, Illinois, average taxable income per tax return has steadily climbed from $47,629.61 in 2013 to $64,542.77 in 2021, hinting at a possible strengthening of local economic conditions. While state and local income taxes per return peaked sharply at $8,622.22 in 2020 before easing to $6,937.50 in 2021, these fluctuations could be pivotal for potential residents and investors in financial planning. Additionally, the rising total tax liability per return, which increased notably... Read more
Average Taxable Income per Tax Return in Cumberland County, IL over the last 9 years
Cumberland County, Illinois has seen a notable upward trend in average taxable income per tax return over the past nine years. Starting at $47,629.61 in 2013 and gradually increasing to $64,542.77 in 2021, the data suggests a gradual but consistent rise in local economic conditions. This trend could potentially indicate a growing financial stability and attractiveness of the area for both current residents and new investors. With notable jumps in 2018 and 2019, those considering building property or relocating might view this as a promising sign of economic vitality.
Average State and Local Income Taxes Per Tax Return in Cumberland County, IL Over the Last 10 Years
Over the past decade, Cumberland County, Illinois has experienced fluctuating state and local income taxes per tax return, with a notable steep increase from 2017 to 2020, peaking at $8,622.22 in 2020. However, these values dipped to $6,937.50 in 2021. This significant rise and subsequent slight decrease can impact residents' financial planning and may influence decisions related to investing or relocating to the county. These tax trends are critical for understanding the broader economic landscape of Cumberland County.
Average Total Tax Liability Per Tax Return in Cumberland County, IL Over the Last 10 Years
Over the last decade in Cumberland County, Illinois, the average total tax liability per tax return has shown a general upward trend. Particularly notable is the jump from $6,340.05 in 2015 to $8,388.81 in 2021. This rise might hint at increasing incomes or adjustments in tax policies affecting the area. For potential investors, builders, or those considering a move, understanding these shifts could be crucial for financial planning and evaluating the economic landscape of the county.
Cost of Living in Cumberland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $942 | $1,339 | $2,569 | $1,058 | $1,383 |
| 1 adult 4 children | $942 | $1,094 | $1,970 | $1,058 | $1,423 |
| 2 adults 3 children | $942 | $1,094 | $2,227 | $1,058 | $1,133 |
| 1 adult 3 children | $942 | $893 | $1,627 | $1,058 | $1,150 |
| 2 adults 2 children | $774 | $896 | $1,884 | $959 | $1,010 |
| 1 adult 2 children | $774 | $669 | $1,285 | $959 | $925 |
| 2 adults 1 child | $774 | $708 | $1,541 | $640 | $966 |
| 1 adult 1 child | $774 | $457 | $942 | $640 | $773 |
| 2 adults | $588 | $569 | $1,199 | $0 | $761 |
| 1 adult | $531 | $310 | $599 | $0 | $598 |
Demographics
Cumberland County in Illinois shows a nearly even split in gender among its adult population, hinting at a balanced community dynamic. However, the educational attainment profile reveals that the majority have a high school diploma, with a fair number pursuing higher education, suggesting a moderately educated workforce. Age-wise, the population is broadly distributed, though there is a noticeable peak in the adult and near-retirement age groups, possibly indicating a stable yet aging... Read more
Race Distribution in Cumberland County, Illinois (2022)
Educational Attainment in Cumberland County, Illinois (2022)
Age Distribution in Cumberland County, Illinois
Citizen Population in Cumberland County, Illinois (2022)
Political Trends & Data
Cumberland County, Illinois, demonstrated a significant conservative leaning in the 2020 U.S. Presidential Election, with approximately 79% of voters favoring the Republican party. Democrats garnered nearly 20% of the vote, indicating a strong partisan divide. Minor parties, including the Libertarian and Green, saw minimal support, each possibly receiving around 1% or less. This political landscape might influence local policies, economic decisions, and community investments, potentially... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cumberland County, Illinois, the voting preferences in the 2020 U.S. Presidential Election showed a strong inclination towards the Republican party, with nearly 79% of votes possibly aligning with them. Democrats appeared to capture close to 20% of the votes, while minor parties like the Libertarian and Green saw minimal support, each likely receiving around 1% or less. The tendency towards a dominant party may suggest a significant conservative leaning in this region.
78.89% of voters voted for the Republican party in the 2020 Presidential Election
19.58% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Green party in the 2020 Presidential Election
0.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cumberland County, Illinois has experienced significant fluctuations in its student-to-teacher ratios over the past nine years, dropping from a high of 20 students per teacher in 2016 to a low of 13 students per teacher in 2023, now below the national average of 14 students per teacher. This trend suggests a more personalized education experience, potentially increasing the attractiveness of local schools. Real estate professionals, appraisers, insurers, developers, and builders could use this... Read more
Student-to-teacher ratio in Cumberland County, Illinois over the last 9 years
Cumberland County, Illinois has shown notable changes in its student-to-teacher ratios over the past nine years, fluctuating from a high of 20 students per teacher in 2016 to a low of 13 students per teacher in 2023. This trend now places Cumberland County below the current national average of 14 students per teacher. For anyone looking to invest in property or move to the area, these decreasing ratios could suggest a more personalized education experience, potentially making the local schools more attractive. Real estate agents, appraisers, and insurance agents might find this useful when evaluating properties and their associated values. For developers and builders, such trends could indicate a growing or changing demographic that values education, possibly impacting decisions around new developments.
