De Witt County Real Estate and Livability Trends
De Witt County, Illinois, has displayed notable economic and real estate trends over the past decade. The average taxable income per tax return has risen from approximately $56,064.03 in 2014 to $72,438.66 in 2021, hinting at growing economic stability. However, property investors should be cautious of the variability in average state and local income taxes, which leapt from $4,575.81 in 2016 to... Read more
De Witt County Market Trends
De Witt County, Illinois has experienced a modest rise in median home values from $105,300 in 2015 to $121,100 in 2022, suggesting a more stable market compared to the state-wide increase from $173,800 to $239,100. Noteworthy fluctuations in residential energy tax credits, especially in 2016 and 2020, hint at inconsistent investment in energy efficiency. The steady climb in real estate taxes,... Read more
Median Value of Occupied Housing Units in De Witt County, Illinois Over the Last 8 Years
De Witt County, Illinois has seen a fluctuation in median home values over the past eight years, starting at $105,300 in 2015 and rising to $121,100 in 2022. Compared to the state of Illinois, which saw a more substantial increase from $173,800 to $239,100 in the same period, De Witt County's growth appears more modest. Nationally, the median home values jumped from $125,500 to $179,400, outpacing the growth in De Witt County but not dramatically so. This more gradual rise could suggest a less volatile market, which might appeal to potential homebuyers and investors looking for relatively stable property values.
Residential Energy Tax Credit Per Tax Return in De Witt County, IL Over the Last 8 Years
De Witt County, Illinois, has shown fluctuating trends in average residential energy tax credits per tax return over the past eight years. Especially notable are the sharp spikes in 2016 and 2020, reaching as high as $653.85 and $1,611.11 respectively, suggesting varying levels of investment in energy efficiency. These changes could interest investors, property developers, and real estate agents by signaling periods of significant upgrades or incentives, which might be attractive to potential homeowners seeking energy-efficient properties.
Average Real Estate Taxes Per Tax Return in De Witt County, IL Over the Last 10 Years
For those eyeing De Witt County, Illinois, the steady escalation in average real estate taxes per tax return over the past decade highlights significant considerations. Starting around $3,056.55 in 2012, taxes climbed to approximately $5,104.55 by 2021. This upward trend could imply rising property values, potentially higher public service investments, or an evolving property tax framework. For investors, real estate professionals, and appraisers, these figures might affect decisions on property valuations, ROI calculations, and overall financial planning. Those moving to or residing in the area may want to budget for these increases when considering long-term housing costs.
Percentage of Farm Returns in De Witt County, IL Over the Last 10 Years
De Witt County, Illinois has shown a slight downward trend in the percentage of farm tax returns over the past decade, with figures dropping from around 5.07% in 2012 to approximately 4.30% in 2021. Farm tax returns often serve as a proxy for the health and economic activity of the agricultural sector in the region. These returns can indicate the viability and growth potential of local farming, which can be crucial for investors, potential property developers, and residents interested in rural economy dynamics. A decline in farm returns might suggest evolving land use patterns or shifts in agricultural profitability, which in turn, could impact land values and investment opportunities in the area.
Number of Mortgages by Occupancy Type in De Witt County, IL Over the Last 5 Years in De Witt County
De Witt County, Illinois shows a notable fluctuation in the number of mortgages across different occupancy types over the last five years, with principal residences consistently dominating. Despite a dip in 2019, mortgage counts for principal residences surged in 2021 before slightly tapering off in 2022. Investment property mortgages peaked in 2018 but have generally declined, while second residence mortgages saw a small but significant uptick in 2022. These trends could be crucial for investors assessing market stability, potential returns, or demand shifts. For real estate agents and appraisers, understanding these movements helps in accurately valuing properties and predicting future market behavior. Insurance agents and property developers might view these shifts as indicators of changing risk profiles or community development needs.
Economic Outlook
Over the past nine years, De Witt County, Illinois has seen a clear increase in average taxable income per tax return, jumping from roughly $56,064.03 in 2014 to $72,438.66 in 2021. This growth hints at enhancing economic stability, appealing to investors and potential new residents. However, average state and local income taxes have shown significant variability, with figures swinging from $4,575.81 in 2016 to $12,730.00 in 2021, indicating shifts in economic conditions and policy changes.... Read more
Average Taxable Income per Tax Return in De Witt County, IL over the last 9 years
Over the past nine years, De Witt County, Illinois has experienced a general upward trend in average taxable income per tax return, with notable growth especially in recent years. From a low of approximately $56,064.03 in 2014, income levels have consistently increased, reaching as high as $72,438.66 in 2021. This upward trajectory may potentially be appealing for investors and those considering moving to the area, suggesting growing economic stability and opportunities.
Average State and Local Income Taxes Per Tax Return in De Witt County, IL Over the Last 10 Years
Over the last decade, De Witt County, Illinois has seen significant fluctuations in average state and local income taxes per tax return. While 2012 started at $5,448.75, dips and spikes followed, notably dipping to $4,575.81 in 2016 and then surging to $12,730.00 in 2021. Such volatility in taxation could reflect economic changes and policy shifts impacting residents and potential investors. For those looking to move, invest, or develop property in the area, this variability is a crucial factor in financial planning and forecasting long-term financial commitments.
Average Total Tax Liability Per Tax Return in De Witt County, IL Over the Last 10 Years
Over the past decade in De Witt County, Illinois, average total tax liability per tax return has mostly hovered between $8,000.00 and $9,000.00, with a noticeable dip in 2018 and 2019. However, 2021 experienced a significant rise, reaching $10,874.43. Potential investors and residents might find this data useful as it reflects a fluctuating yet recently heightened tax burden, which could influence financial planning and economic decisions in the area.
Cost of Living in De Witt County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,100 | $1,375 | $2,436 | $1,058 | $1,401 |
| 1 adult 4 children | $1,100 | $1,123 | $1,867 | $1,058 | $1,449 |
| 2 adults 3 children | $1,100 | $1,124 | $2,111 | $1,058 | $1,153 |
| 1 adult 3 children | $1,100 | $917 | $1,542 | $1,058 | $1,181 |
| 2 adults 2 children | $774 | $920 | $1,787 | $959 | $973 |
| 1 adult 2 children | $774 | $687 | $1,218 | $959 | $880 |
| 2 adults 1 child | $774 | $727 | $1,462 | $640 | $933 |
| 1 adult 1 child | $774 | $470 | $893 | $640 | $761 |
| 2 adults | $589 | $584 | $1,138 | $0 | $749 |
| 1 adult | $531 | $319 | $569 | $0 | $573 |
Safety trends & Data
De Witt County, Illinois has experienced fluctuating property crime rates recently. 2021 saw only one arrest each for larceny-theft, fraud, and vandalism, but 2022 witnessed larceny-theft cases surge tenfold to 10 arrests and vandalism instances tripling to three. Burglary arrests also jumped to five. Fraud remained consistent with one case each year. This trend could signal a need for potential property investors and homeowners to delve deeper into local security measures and insurance... Read more
Property Crime Trends in De Witt County, IL Over the Last 2 Years
De Witt County, Illinois, has seen a noticeable fluctuation in property crimes over the past two years. In 2021, incidents were relatively low with only one arrest each for larceny-theft, fraud, and vandalism. However, 2022 brought a rise in these activities, with larceny-theft increasing tenfold to 10 arrests, and vandalism instances rising to three. Burglary-related arrests also spiked to five, suggesting a potential area of concern for investors and homeowners. Interestingly, fraud remained static with one case each year. Those interested in the local property market might view this as a signal to probe deeper into security measures and insurance implications.
Demographics
De Witt County, Illinois shows a balanced gender ratio with about 6,036 males and 6,072 females. Most adults have a high school education, yet around 1,336 people did not complete high school. The population skews older, with a notable amount in the 55-64 age bracket. Predominantly White, it houses minimal racial diversity, counting only a handful of Black or African American, American Indian, Alaska Native, Asian, and other... Read more
Race Distribution in De Witt County, Illinois (2022)
Educational Attainment in De Witt County, Illinois (2022)
Age Distribution in De Witt County, Illinois
Citizen Population in De Witt County, Illinois (2022)
Political Trends & Data
DeWitt County, Illinois appears to lean heavily Republican, with the party possibly securing around 70% of the vote in the 2020 U.S. Presidential Election. Democrats perhaps managed just over 27%, and smaller parties likely saw minimal support, often below 2%. This conservative preference may influence local policies, economic incentives, and real estate development trends, potentially affecting both property values and market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In DeWitt County, Illinois, the Republican party possibly dominated the 2020 U.S. Presidential Election with around 70% of the votes. The Democratic party perhaps received just over 27%, while smaller parties like the Libertarians and Greens likely garnered minimal support, with percentages hovering below 2%. This trend suggests a strong lean towards conservative candidates in this region.
70.19% of voters voted for the Republican party in the 2020 Presidential Election
27.31% of voters voted for the Democrat party in the 2020 Presidential Election
1.73% of voters voted for the Livertarian party in the 2020 Presidential Election
0.59% of voters voted for the Green party in the 2020 Presidential Election
0.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
In De Witt County, Illinois, the student-to-teacher ratio has steadily decreased from just under 15 in 2014 to slightly below 12 in 2023. This trend could imply that students are receiving more personalized attention, potentially making the area more appealing for future residents, which might impact property values positively. For investors and real estate professionals, the improved educational environment could mean a boost in home desirability, while insurance agents and appraisers might... Read more
Student-to-teacher ratio in De Witt County, Illinois over the last 9 years
The student-to-teacher ratio in De Witt County, Illinois, has consistently decreased over the past nine years, dropping from just under fifteen in 2014 to slightly below twelve in 2023. This trend suggests that students might be receiving more personalized attention compared to the national average of fourteen students per teacher. For potential investors, educators, and real estate agents, these lower ratios could signify a more attractive education environment, potentially impacting property values and family relocation decisions. Additionally, insurance agents and appraisers may find that improved educational outcomes correlate with community stability, influencing risk assessments and property valuation.
