Gallatin County Real Estate and Livability Trends
Gallatin County, Illinois, has shown notable economic and real estate trends that point to an evolving landscape. Average taxable income fluctuated between $49,787.84 and $62,473.43 from 2017 to 2021, while state and local income taxes also displayed variability, reflecting economic shifts that potentially affect financial planning. Median home values increased from $65,700 in 2015 to $81,000 in... Read more
Gallatin County Market Trends
Median home values in Gallatin County, Illinois have steadily risen from $65,700 in 2015 to $81,000 in 2022, yet remain well below both state and national medians. This could attract investors or homebuyers seeking more affordable properties in Southern Illinois. Average residential energy tax credits have fluctuated, rebounding to $333.33 in 2016, possibly reflecting changing investments in... Read more
Median Value of Occupied Housing Units in Gallatin County, Illinois Over the Last 8 Years
Median home values in Gallatin County, Illinois have seen consistent growth over the past eight years, rising from $65,700 in 2015 to $81,000 in 2022. Compared to the broader landscape, Gallatin County's growth, though positive, still places it significantly below both Illinois state and national median values, which were $239,100 and $179,400 respectively in 2022. While the county’s values are lower, this could present an appealing opportunity for investors or homebuyers looking for more affordable property options in Southern Illinois.
Residential Energy Tax Credit Per Tax Return in Gallatin County, IL Over the Last 4 Years
Over the last four years, Gallatin County, Illinois has shown fluctuating trends in the average residential energy tax credit per tax return. After a notable decrease from $242.86 in 2013 to $150.00 in 2014, the credit amounts appeared to rebound, climbing back to $200.00 in 2015 and reaching $333.33 in 2016. These variations highlight potential changes in energy efficiency investments or incentives that could interest potential investors, property developers, and insurance agents, reflecting the community's shifting focus on energy-saving improvements.
Average Real Estate Taxes Per Tax Return in Gallatin County, IL Over the Last 10 Years
Average real estate taxes per tax return in Gallatin County, Illinois, have generally trended upward over the last decade, starting at approximately $1,496.30 in 2012 and reaching about $2,733.33 in 2021. Noteworthy peaks include 2020, with a high of around $3,300.00, indicating potential volatility or shifts in property value assessments. This gradual increase in property taxes could influence investment decisions, cost of living considerations for new residents, and appraisal strategies. Real estate agents and builders might see these trends as crucial when advising clients or planning projects.
Percentage of Farm Returns in Gallatin County, IL Over the Last 10 Years
Farm tax returns in Gallatin County, Illinois have hovered between approximately 7.30% and 8.26% over the last decade, showing a relatively stable pattern with minor fluctuations. This steadiness might suggest a resilient agricultural sector, reflecting consistent participation in farming activities within the county. Such stability in farm tax returns can be a positive indicator for potential investors and new residents considering real estate investments or agricultural ventures in the region. Those looking to build or move to Gallatin County could find this data reassuring, as it implies a continuous presence and potential support of the farming community.
Number of Mortgages by Occupancy Type in Gallatin County, IL Over the Last 5 Years in Gallatin County
Gallatin County, Illinois has seen fluctuations in mortgage counts over the last five years, with principal residences overwhelmingly leading compared to investment and second residences. A noticeable uptick in mortgages for principal residences in 2021 suggests a strong demand for primary homes. In contrast, investment property mortgages remain low, indicating limited interest in rental or commercial opportunities or perhaps a stable rental market. For investors and real estate agents, these trends could imply a focus on residential properties rather than commercial ventures. Insurance agents and appraisers might find the dominance of principal residences suggests stable risk profiles. This data is valuable for understanding local market dynamics and making informed decisions about property investments or developments.
Economic Outlook
Gallatin County, Illinois has experienced varying average taxable income per tax return, hitting lows around $49,787.84 in 2017 and highs of $62,473.43 in 2021. This fluctuation might point to an evolving economic landscape, potentially creating ripe opportunities for investors. State and local income taxes in the county also show a shifting pattern, with a peak in 2014 at $8,232.14 and a low of $5,082.61 in 2016, settling around $7,000 and $5,350 in recent years. This variability underscores... Read more
Average Taxable Income per Tax Return in Gallatin County, IL over the last 9 years
Gallatin County, Illinois has shown fluctuations in average taxable income per tax return over the past nine years, with notable lows around $49,787.84 in 2017 and highs reaching approximately $62,473.43 in 2021. This variability may indicate an evolving economic landscape, potentially providing opportunities for savvy investors and those considering relocating. While there have been dips, the general trend suggests an incremental rise in income, which could signal a positive outlook for future growth and development in the area.
Average State and Local Income Taxes Per Tax Return in Gallatin County, IL Over the Last 10 Years
Over the past decade, Gallatin County, Illinois has seen fluctuations in average state and local income taxes per tax return, peaking at $8,232.14 in 2014 and dipping to a low of $5,082.61 in 2016. Recent years, specifically 2020 and 2021, indicate a moderate stabilization with averages around $7,000 and $5,350 respectively. For potential investors or residents, this variability in tax rates highlights the county's economic shifts, impacting overall financial planning and long-term commitments.
Average Total Tax Liability Per Tax Return in Gallatin County, IL Over the Last 10 Years
Over the last decade, Gallatin County, Illinois, has seen fluctuations in average total tax liability per tax return. Peaks occurred in 2013 with $10,065.29 and 2021 with $8,640.36, while notable decreases were observed around 2017 at $7,300.62. These trends might reflect broader economic changes or shifts in local financial policies. Potential investors and residents should consider these variations for a better understanding of the area's economic stability and planning needs.
Cost of Living in Gallatin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,044 | $1,287 | $2,902 | $1,058 | $1,546 |
| 1 adult 4 children | $1,044 | $1,051 | $2,227 | $1,058 | $1,578 |
| 2 adults 3 children | $1,044 | $1,051 | $2,514 | $1,058 | $1,273 |
| 1 adult 3 children | $1,044 | $858 | $1,839 | $1,058 | $1,280 |
| 2 adults 2 children | $774 | $861 | $2,126 | $959 | $1,065 |
| 1 adult 2 children | $774 | $643 | $1,451 | $959 | $975 |
| 2 adults 1 child | $774 | $680 | $1,738 | $640 | $1,008 |
| 1 adult 1 child | $774 | $439 | $1,063 | $640 | $794 |
| 2 adults | $661 | $546 | $1,350 | $0 | $813 |
| 1 adult | $531 | $298 | $675 | $0 | $600 |
Demographics
Gallatin County, Illinois, shows a slight majority of males within its adult population, with males making up just over half of the demographic. The educational attainment data reveals a significant portion of the population reached high school graduation or attended some college, while only a small fraction earned a bachelor's or advanced degree. The age distribution is skewed towards older age groups, especially those between 55 and 64 years. In terms of racial composition, the county is... Read more
Race Distribution in Gallatin County, Illinois (2022)
Educational Attainment in Gallatin County, Illinois (2022)
Age Distribution in Gallatin County, Illinois
Citizen Population in Gallatin County, Illinois (2022)
Political Trends & Data
Gallatin County, Illinois, tends to favor Republican candidates, judging by the 2020 U.S. Presidential Election results, where the GOP secured a clear majority. Democratic votes were significantly lower, indicating that the party's influence might be limited here. Third-party candidates like those from the Libertarian or Green parties seem to have minimal impact, suggesting alternative political movements struggle to gain... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Gallatin County, Illinois, appears to lean heavily towards Republican candidates, with a substantial majority of votes going to the GOP in the 2020 U.S. Presidential Election. Meanwhile, Democratic support seems quite modest, trailing significantly behind. Votes for third parties, including Libertarian and Green, are minimal, which could suggest limited traction for alternative political movements in this area.
75.50% of voters voted for the Republican party in the 2020 Presidential Election
23.26% of voters voted for the Democrat party in the 2020 Presidential Election
0.67% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% 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
Gallatin County, Illinois has experienced significant changes in its student-to-teacher ratio, dropping from 21 students per teacher in 2014 to 12 in 2023. This trend toward smaller class sizes suggests a shift towards a more personalized learning environment, which could impact property values and area desirability. Those interested in investing, moving, or working in the education sector might find this trend indicative of a positive shift, potentially enhancing the overall quality of... Read more
Student-to-teacher ratio in Gallatin County, Illinois over the last 9 years
Gallatin County, Illinois has seen substantial fluctuations in the student-to-teacher ratio over the past nine years, starting at 21 students per teacher in 2014 and dropping to 12 in 2023, with a notable low of 13 in 2019 and 13 in 2020. These changes suggest a trend toward smaller class sizes, which could potentially enhance the quality of education and individual attention students receive. For those interested in investing, moving to, or working in the education sector, this trend might indicate a positive shift towards a more personalized learning environment compared to the national average of 14 students per teacher. This evolving dynamic could influence property values, desirability of the area, and future development strategies.
