DuPage County Real Estate and Livability Trends
In DuPage County, Illinois, the average taxable income per tax return has climbed from $85,290.80 in 2013 to $132,128.47 by 2021, signaling robust economic growth and potential attractiveness for investors. The median home value skyrocketed from $278,500 in 2015 to $361,700 in 2022, outpacing state and national growth rates, suggesting a vibrant market for investment. Real estate taxes rose... Read more
DuPage County Market Trends
The median home value in DuPage County, Illinois has surged from $278,500 in 2015 to $361,700 in 2022, outpacing both state and national growth rates. This upward trend suggests a more vibrant market for investment or residential interest. Residential energy tax credits witnessed a stark jump from $508.65 in 2017 to $2,236.67 in 2018, hinting at heightened incentives or investment in... Read more
Median Value of Occupied Housing Units in DuPage County, Illinois Over the Last 8 Years
The median home value in DuPage County, Illinois has seen a consistent upward trajectory over the past eight years, starting at $278,500 in 2015 and reaching $361,700 in 2022. This growth rate outpaces both the state and national averages, where the median values for Illinois went from $173,800 to $239,100 and the national figures rose from $125,500 to $179,400 over the same period. This suggests that DuPage County could be a more robust market for investment or residential interest compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in DuPage County, IL Over the Last 9 Years
DuPage County, Illinois has experienced significant fluctuations in residential energy tax credits over the past nine years. The average tax credit saw a dramatic increase from $508.65 in 2017 to $2,236.67 in 2018, reflecting heightened incentives or more extensive energy-saving investments in that year. Following this peak, there was a notable decrease, yet figures remained relatively high compared to earlier years, stabilizing around $760.25 in 2021. For investors, developers, and real estate agents, these trends could indicate growing attention to energy-efficient properties and possibly more favorable state policies incentivizing such investments.
Average Real Estate Taxes Per Tax Return in DuPage County, IL Over the Last 10 Years
DuPage County, Illinois has seen a significant increase in average real estate taxes per tax return over the last decade, with figures rising from around $7,523.37 in 2012 to approximately $11,204.33 in 2021. This upward trend might suggest growing property values or increased municipal budgets, likely catching the eye of potential investors, home buyers, real estate agents, and insurance agents looking to understand the evolving financial landscape. The consistent rise in taxes could impact affordability and return on investment, which are crucial factors for anyone invested in the local real estate market.
Percentage of Farm Returns in DuPage County, IL Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in DuPage County, Illinois has shown a steady decline, from 0.13% in 2012 to approximately 0.09% in 2021. Farm tax returns are financial filings by farms that report income, expenses, and profits for taxation purposes. This decrease suggests a gradual reduction in farm-related activities or a shift in land use within the county, which can be a crucial consideration for investors and individuals interested in real estate or agricultural ventures in the area. Coupled with other economic indicators, this trend might be indicative of urban expansion or changes in the agricultural economy of DuPage County.
Number of Mortgages by Occupancy Type in DuPage County, IL Over the Last 5 Years in DuPage County
DuPage County, Illinois has shown a significant concentration in mortgages for principal residences, suggesting strong local homeownership trends, with numbers peaking in 2020. Investment property mortgages have been steadily present but at much lower volumes, indicating a more stable yet less dominant market. This could imply varying risk profiles and investment returns. Changes in occupancy types can influence property values, community dynamics, and insurance assessments, making it crucial for stakeholders like investors, real estate agents, and insurers to stay informed. Observing these shifts helps anticipate market demands and adjust strategies accordingly.
Economic Outlook
DuPage County, Illinois has seen a notable increase in average taxable income per tax return, climbing from $85,290.80 in 2013 to $132,128.47 by 2021. This likely indicates strong economic growth and rising affluence, making it potentially attractive for investors and new residents. Concurrently, there has been a significant rise in average state and local income taxes per tax return, reaching $18,845.06 by 2021, which impacts disposable income and cost of living. The gradual increase in... Read more
Average Taxable Income per Tax Return in DuPage County, IL over the last 9 years
Over the past nine years, DuPage County, Illinois has seen a noteworthy increase in the average taxable income per tax return, starting from $85,290.80 in 2013 and reaching $132,128.47 by 2021. This upward trend likely signals strong economic growth and rising affluence, making it potentially attractive for investors and new residents looking for prosperous areas. It could also indicate a favorable environment for property development, underpinned by the steady rise in residents' earning power.
Average State and Local Income Taxes Per Tax Return in DuPage County, IL Over the Last 10 Years
DuPage County, Illinois has seen a significant climb in average state and local income taxes per tax return over the past decade, with notable jumps around 2018 and beyond. From a moderate $7,988.39 in 2012, taxes surged to $18,845.06 by 2021. This steady increase, especially the sharp rises of recent years, highlights the growing tax burden for residents or potential investors, impacting disposable income and cost of living. This trend is crucial for anyone looking to navigate financial decisions related to property investments or relocation in this region.
Average Total Tax Liability Per Tax Return in DuPage County, IL Over the Last 10 Years
Over the past decade, DuPage County, Illinois has seen a gradual increase in the average total tax liability per tax return, notably spiking from $18,044.09 in 2012 to $27,855.43 in 2021. This trend underscores a potential rise in incomes or property values, making DuPage an intriguing area for potential investors or residents. The consistent upward movement in tax liability hints at economic resilience and possibly an appreciation in asset values, positioning the county as a potentially lucrative spot for building property or making long-term investments.
Cost of Living in DuPage County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,114 | $1,689 | $1,719 | $2,027 | $2,121 |
| 1 adult 4 children | $2,114 | $1,379 | $1,321 | $2,027 | $2,222 |
| 2 adults 3 children | $2,114 | $1,380 | $1,488 | $2,027 | $1,876 |
| 1 adult 3 children | $2,114 | $1,126 | $1,090 | $2,027 | $2,006 |
| 2 adults 2 children | $1,666 | $1,130 | $1,257 | $1,806 | $1,503 |
| 1 adult 2 children | $1,666 | $844 | $859 | $1,806 | $1,538 |
| 2 adults 1 child | $1,666 | $893 | $1,026 | $1,089 | $1,257 |
| 1 adult 1 child | $1,666 | $577 | $628 | $1,089 | $1,213 |
| 2 adults | $1,452 | $717 | $795 | $0 | $963 |
| 1 adult | $1,340 | $391 | $397 | $0 | $826 |
Safety trends & Data
In DuPage County, Illinois, property crime data suggests a rising trend in burglaries and larceny-theft incidents, with 2022 seeing significant increases to 34 and 113 cases, respectively. Motor vehicle thefts showed steady numbers, but fraud cases rose from 4 to 13 between the years. Vandalism also nearly doubled, from 19 to 39 incidents. This likely indicates a growing need for enhanced security measures and bigger investments in neighborhood watch... Read more
Property Crime Trends in DuPage County, IL Over the Last 2 Years
In DuPage County, Illinois, property crimes show varied trends over the last two years. While 2021 recorded 19 burglaries and 35 larceny-theft incidents, these numbers rose significantly in 2022 to 34 and 113, respectively. Interestingly, motor vehicle theft remained steady with minor fluctuations, while incidents of fraud saw a jump from 4 to 13 between the years. Vandalism cases almost doubled, moving from 19 to 39 over the same period. This data could suggest a need for enhanced security measures and possibly more investment in neighborhood watch programs.
Demographics
The demographics of DuPage County, Illinois reveal intriguing trends. The population is quite balanced between males and females. Residents display a high level of educational attainment, with a significant portion having a bachelor's degree or higher, suggesting a well-educated community. Age distribution shows a notable number of residents in the 35 to 64 range, hinting at a mature working-age population. The racial distribution is predominantly white, but also includes a substantial Asian... Read more
Race Distribution in DuPage County, Illinois (2022)
Educational Attainment in DuPage County, Illinois (2022)
Age Distribution in DuPage County, Illinois
Citizen Population in DuPage County, Illinois (2022)
Political Trends & Data
Dupage County, Illinois, showed a preference towards the Democratic party in the 2020 U.S. Presidential Election with about 58% of the vote, while Republicans garnered around 40%. Minor parties like the Libertarian and Green parties captured around 1% each, hinting at a steady but limited interest in third-party options. This data might suggest a Democratic leaning in the county and highlight the persistence of third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Dupage County, Illinois, leaned towards the Democratic party with approximately 58% of the vote, while Republican support was around 40%. The Libertarian and Green parties captured roughly 1% each, suggesting minimal but present third-party interest. These figures potentially indicate a trend towards Democratic preference in this region, with third parties holding a minor but consistent presence.
39.91% of voters voted for the Republican party in the 2020 Presidential Election
57.97% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.51% of voters voted for the Green party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Dupage County, Illinois has generally maintained a student-to-teacher ratio of about 13 to 15 students per teacher over the past nine years, slightly better than the national average of 14. This could be appealing for investors and property developers as it's often linked to higher property values due to improved educational outcomes. Real estate agents might use this as a selling point to attract prospective residents seeking a community-oriented living environment with a commitment to smaller... Read more
Student-to-teacher ratio in Dupage County, Illinois over the last 9 years
Over the past nine years, Dupage County, Illinois has seen fluctuations in its student-to-teacher ratio, with a significant spike in 2014 showing an overly high and likely erroneous ratio of 694 students per teacher. Excluding this outlier, the ratio has hovered around 13 to 15 students per teacher, slightly better than the national average of 14 students per teacher. These ratios matter for various stakeholders: investors and property developers might find the lower ratios appealing as they generally indicate more personalized attention for students, which can enhance property values. For real estate agents, this trend can be a selling point. Insurance agents and appraisers may also consider these ratios when evaluating associated risks and values. Prospective residents could find Dupage County's commitment to smaller class sizes attractive, contributing to a community-oriented living environment.
