Fulton County Real Estate and Livability Trends
Fulton County, Illinois, has experienced a steady rise in average taxable income per tax return from $45,924.59 in 2013 to $59,019.16 in 2021, hinting at improving economic conditions. Yet, median home values have only modestly climbed from $81,500 in 2015 to $99,800 in 2022, undercutting state and national growth rates and potentially appealing to thrifty homebuyers. Despite rising real estate... Read more
Fulton County Market Trends
Median home values in Fulton County, Illinois, have increased modestly from $81,500 in 2015 to $99,800 in 2022, underperforming both state and national growth rates. By comparison, Illinois saw jumps from $173,800 to $239,100, and nationally, from $125,500 to $179,400. This could attract budget-conscious homebuyers or investors. Residential energy tax credits spiked to $2566.67 in 2018,... Read more
Median Value of Occupied Housing Units in Fulton County, Illinois Over the Last 8 Years
Over the last eight years, median home values in Fulton County, Illinois, have increased from $81,500 in 2015 to $99,800 in 2022. This growth, though steady, falls short compared to the overall state's median home value increases from $173,800 to $239,100 in the same timeframe. Nationally, home values saw an even larger rise from $125,500 to $179,400. These trends suggest that while Fulton County remains a more affordable option within Illinois, the area hasn't experienced the same acceleration in home value growth as the broader state or national markets. This could be of interest to investors seeking budget-friendly opportunities or potential homeowners prioritizing affordability.
Residential Energy Tax Credit Per Tax Return in Fulton County, IL Over the Last 9 Years
In Fulton County, Illinois, residential energy tax credits per tax return have experienced significant fluctuations over the past nine years. A notable spike occurred in 2018, reaching an average of $2566.67, possibly indicating a surge in energy-efficient home improvements or installations during that period. Though the figures have since stabilized, the average values in subsequent years remain considerably higher than those seen before 2017. This pattern suggests an ongoing trend towards investing in energy-saving measures, which could be potentially attractive for property investors and builders focusing on sustainable living.
Average Real Estate Taxes Per Tax Return in Fulton County, IL Over the Last 10 Years
Over the last decade, Fulton County, Illinois has witnessed a steady rise in average real estate taxes per tax return. Starting from approximately $2,881.74 in 2012, taxes have grown annually, reaching around $4,525.93 by 2021. This upward trend could signal increasing property values or adjustments in tax levies, which may impact potential investors, real estate developers, and current homeowners by potentially affecting property affordability and long-term investment returns.
Percentage of Farm Returns in Fulton County, IL Over the Last 10 Years
Farm tax returns in Fulton County, Illinois, have shown slight fluctuations over the last decade, hovering around 5% to 5.7% of total tax returns. The highest percentage was seen in 2017 at approximately 5.71%, while the lowest occurred in 2020 at about 5.02%. These figures might suggest a relatively stable farming economy in the area, with some minor declines in more recent years. Potential investors, new residents, or developers could consider this partly reflective of the economic dependency on agriculture in the region.
Number of Mortgages by Occupancy Type in Fulton County, IL Over the Last 5 Years in Fulton County
In Fulton County, Illinois, over the past five years, there's been notable variability in mortgage trends based on occupancy type. Principal residences consistently dominate, with a peak of 1,286 mortgages in 2020, while investment properties and second homes maintain much lower figures. This shift in occupancy types can have various implications. For investors, increasing or stable numbers of principal residences might suggest a stable or growing demand for long-term housing. Appraisers and insurance agents would need to note the predominance of principal residences when assessing property values and risks. For those looking to build, a consistent demand for primary homes could indicate a favorable market for new residential projects. Real estate agents might focus their efforts on families and individuals planning to settle down, as opposed to short-term or investment buyers. Understanding these trends is crucial for anyone looking to navigate the market dynamics in Fulton County effectively.
Economic Outlook
In Fulton County, Illinois, the average taxable income per tax return has shown a general upward trend, rising from around $45,924.59 in 2013 to approximately $59,019.16 in 2021. This gradual increase suggests a potential boost in overall economic health and earning capacity, making the area attractive for investment and relocation. However, state and local income taxes have also seen a dramatic rise, peaking at $8,680.00 in 2021, which could impact disposable income and cost of living.... Read more
Average Taxable Income per Tax Return in Fulton County, IL over the last 9 years
Average taxable income per tax return in Fulton County, Illinois, has shown a general upward trend over the last nine years, rising from around $45,924.59 in 2013 to approximately $59,019.16 in 2021. This gradual increase suggests a potential boost in overall economic health and earning capacity in the area, making it potentially attractive for investment, relocation, and property development. While factors contributing to this rise could vary, the consistent growth offers a measure of stability for those considering financial commitments in the county.
Average State and Local Income Taxes Per Tax Return in Fulton County, IL Over the Last 10 Years
Over the last decade, state and local income taxes per tax return in Fulton County, Illinois have seen a dramatic increase. Starting at $4,856.89 in 2012, taxes saw a significant dip in the mid-2010s, bottoming out at $3,907.02 in 2016. Since then, there has been a sharp upward trend, peaking at $8,680.00 in 2021. This notable rise in tax expenses is crucial for potential investors, homeowners, and current residents to consider, as it directly impacts disposable income and cost of living.
Average Total Tax Liability Per Tax Return in Fulton County, IL Over the Last 10 Years
Over the last decade, Fulton County, Illinois has seen its average total tax liability per tax return fluctuate, generally trending upwards. In 2012, the average was $6,686.98, dipping slightly in 2013 to $6,475.35 before climbing again. Notable increases occurred in 2017 and 2021, with the average reaching $7,155.55 and later jumping to $7,864.15. These shifts might hint at economic growth or policy changes impacting the county, making it a point of interest for investors and residents considering the local tax landscape.
Cost of Living in Fulton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,014 | $1,444 | $2,580 | $1,110 | $1,451 |
| 1 adult 4 children | $1,014 | $1,179 | $1,986 | $1,110 | $1,488 |
| 2 adults 3 children | $1,014 | $1,179 | $2,231 | $1,110 | $1,186 |
| 1 adult 3 children | $1,014 | $963 | $1,638 | $1,110 | $1,203 |
| 2 adults 2 children | $824 | $965 | $1,883 | $999 | $1,032 |
| 1 adult 2 children | $824 | $721 | $1,290 | $999 | $947 |
| 2 adults 1 child | $824 | $763 | $1,535 | $641 | $972 |
| 1 adult 1 child | $824 | $493 | $942 | $641 | $774 |
| 2 adults | $626 | $613 | $1,187 | $0 | $760 |
| 1 adult | $622 | $334 | $593 | $0 | $609 |
Demographics
Fulton County, Illinois, appears to have a slightly higher male population compared to females, which might reflect differential factors such as employment opportunities or migration patterns. Educational attainment shows that a significant portion of adults have only high school diplomas, while a notably smaller fraction holds graduate or professional degrees, possibly impacting local job markets and economic growth. The age distribution is relatively evenly spread with larger numbers in the... Read more
Race Distribution in Fulton County, Illinois (2022)
Educational Attainment in Fulton County, Illinois (2022)
Age Distribution in Fulton County, Illinois
Citizen Population in Fulton County, Illinois (2022)
Political Trends & Data
Fulton County, Illinois, exhibited a potential conservative voter base in the 2020 U.S. Presidential Election, with Republicans possibly securing around 59% of the vote and Democrats trailing at close to 39%. Minor parties such as the Libertarian and Green parties combined for just over 1.5% of the vote, suggesting a strong preference for major party candidates. This trend might mirror broader national patterns where specific regions show marked political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Fulton County in Illinois exhibited a strong leaning towards Republican candidates in the 2020 U.S. Presidential Election, with Republicans possibly securing around 59% of the vote. The Democratic candidates garnered close to 39%, while minor parties such as the Libertarian and Green parties trailed significantly behind with just over 1% and around 0.5% respectively. This could indicate a predominantly conservative voter base in the county, reflecting broader national trends where certain regions show marked preferences for specific political parties.
59.16% of voters voted for the Republican party in the 2020 Presidential Election
38.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.07% of voters voted for the Livertarian party in the 2020 Presidential Election
0.55% of voters voted for the Green party in the 2020 Presidential Election
0.22% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past nine years, Fulton County, Illinois, has witnessed a notable drop in student-to-teacher ratios, falling from nearly 16 students per teacher in 2014 to around 10.6 in 2023. This trend may suggest a more personalized educational experience, appealing especially to families and real estate agents touting the area's merits. Investors and developers might see this as a sign of community investment in education, potentially boosting property values over the long term. Even appraisers... Read more
Student-to-teacher ratio in Fulton County, Illinois over the last 9 years
Over the last nine years, Fulton County, Illinois, has seen a significant decline in student-to-teacher ratios, starting at nearly 16 students per teacher in 2014 and dropping to about 10.6 in 2023. This shift may suggest a more personalized educational experience for students compared to the national average of 14 students per teacher. This trend might be a strong selling point for families considering a move to the area, and for real estate agents marketing properties. Investors and developers might also view this as an indicator of community investment in education, potentially boosting property values over time. Lower student-to-teacher ratios could be relevant to appraisers and insurance agents as a metric signaling stable or improving local infrastructure.
