Grundy County Real Estate and Livability Trends
Grundy County, Illinois has witnessed a substantial rise in average taxable income per tax return, reaching $85,420.17 in 2021, which could hint at expanding investment potential and sustained property development. Median home values climbed to $245,400 in 2022, outpacing both statewide and national medians, driving real estate interest. Residents have seen state and local taxes per tax return... Read more
Grundy County Market Trends
Median home values in Grundy County, Illinois, have climbed steadily over eight years, hitting $245,400 in 2022, outpacing both statewide and national medians. Residential energy tax credits have risen sharply, pointing to increased interest in energy-efficient home upgrades. Real estate taxes have also grown over the past decade, suggesting rising property values or tax policy changes. The... Read more
Median Value of Occupied Housing Units in Grundy County, Illinois Over the Last 8 Years
Median home values in Grundy County, Illinois, have seen a consistent rise over the last eight years, peaking at $245,400 in 2022. This growth outpaces the statewide figures, which reached $239,100 in the same period, and significantly exceeds the national median of $179,400. Such trends could signal a robust property market in Grundy County, making it an attractive location for potential investors and homebuyers compared to the broader Illinois and U.S. markets.
Residential Energy Tax Credit Per Tax Return in Grundy County, IL Over the Last 9 Years
Over the past nine years, Grundy County, Illinois has displayed a noticeable upward trend in the average residential energy tax credit per tax return, rising from approximately $237.97 in 2013 to around $858.18 in 2021. The most significant jumps occurred between 2016 and 2018, peaking at $1020.00 in 2018. This trend potentially signals increasing investments in energy-efficient home improvements, which could suggest growing homeowner interest in sustainability. For potential investors, builders, and real estate agents, this shift might indicate a market leaning towards green properties, making it a compelling factor to consider in their ventures.
Average Real Estate Taxes Per Tax Return in Grundy County, IL Over the Last 10 Years
Grundy County, Illinois has seen a notable upward trend in average real estate taxes over the past decade, growing from approximately $4,714.35 in 2012 to about $6,397.62 by 2021. This could indicate increasing property valuations or changes in tax policy, and it's an important consideration for potential property investors, real estate professionals, and residents alike. Higher taxes might impact the overall cost of homeownership, influencing decisions on buying, selling, or investing in property in the area. For appraisers and insurance agents, these trends can signal shifts in the local housing market's economic landscape.
Percentage of Farm Returns in Grundy County, IL Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Grundy County, Illinois has exhibited a gradual decline from about 1.99% in 2012 to 1.66% in 2021. This trend may indicate a potential decrease in the number of active farms or shifts in land usage that could affect local agricultural investments. For potential investors, property developers, and those planning to move to the area, it's crucial to consider these trends as they could influence land value and the economic landscape of the county.
Number of Mortgages by Occupancy Type in Grundy County, IL Over the Last 5 Years in Grundy County
In Grundy County, Illinois, the number of mortgages for principal residences generally outweighed those for investment and second residences over the last five years. While the count of principal residence mortgages peaked in 2020, there’s been a consistent but smaller demand for investment properties and a very minimal number for second residences. Changes in occupancy type matter because they illuminate shifts in market demand and economic conditions, which can guide investors, builders, and other stakeholders in making more informed decisions. For example, a steady rise in investment property mortgages might suggest a growing rental market, while fluctuations in principal residence mortgages could reflect economic stability or instability affecting local home ownership trends.
Economic Outlook
Grundy County, Illinois has experienced a notable rise in average taxable income per tax return, peaking at $85,420.17 in 2021, which could signal increased investment opportunities and sustained property development. The area has also seen average state and local income taxes per tax return shoot up from $5,115.85 in 2012 to $9,329.41 by 2021, indicating significant changes in the local tax landscape. Additionally, the average total tax liability per tax return has grown from $9,445.22 in 2012... Read more
Average Taxable Income per Tax Return in Grundy County, IL over the last 9 years
Grundy County, Illinois has seen a notable rise in average taxable income per tax return over the past nine years, peaking at $85,420.17 in 2021. This upward trend, marked by a jump from around $61,949.40 in 2013, suggests a potentially improving economic landscape. Such income growth could signal increased investment opportunities, sustained property development, and an attractive environment for newcomers wanting to benefit from a burgeoning local economy. For residents, steady income growth might also correlate with enhanced community services and infrastructure advancements.
Average State and Local Income Taxes Per Tax Return in Grundy County, IL Over the Last 10 Years
Grundy County, Illinois has seen a significant increase in average state and local income taxes per tax return over the past decade. Starting from $5,115.85 in 2012, it has risen dramatically to $9,329.41 by 2021. This steep climb, particularly from 2017 onwards, suggests substantial changes in the local tax landscape, likely driven by policy adjustments or shifts in the economic environment. This trend may impact decisions for potential residents and investors considering Grundy County as their next destination, building site, or investment opportunity.
Average Total Tax Liability Per Tax Return in Grundy County, IL Over the Last 10 Years
Over the past decade, Grundy County, Illinois has seen a noticeable increase in average total tax liability per tax return. Starting from $9,445.22 in 2012 and reaching a peak of $13,737.29 in 2021, this escalation is likely indicative of rising incomes or changes in tax policy impacting local residents. This trend may be a key consideration for potential investors, property developers, and prospective residents who could be affected by the higher tax environment. Understanding these financial patterns can help in making informed decisions about investments and development in the county.
Cost of Living in Grundy County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,596 | $1,524 | $1,675 | $1,110 | $1,455 |
| 1 adult 4 children | $1,596 | $1,245 | $1,287 | $1,110 | $1,570 |
| 2 adults 3 children | $1,596 | $1,245 | $1,450 | $1,110 | $1,229 |
| 1 adult 3 children | $1,596 | $1,017 | $1,062 | $1,110 | $1,299 |
| 2 adults 2 children | $1,247 | $1,019 | $1,225 | $999 | $1,019 |
| 1 adult 2 children | $1,247 | $761 | $837 | $999 | $998 |
| 2 adults 1 child | $1,247 | $806 | $1,000 | $641 | $988 |
| 1 adult 1 child | $1,247 | $520 | $612 | $641 | $852 |
| 2 adults | $947 | $647 | $775 | $0 | $785 |
| 1 adult | $848 | $353 | $387 | $0 | $641 |
Safety trends & Data
Grundy County, Illinois, has experienced significant changes in property crime dynamics. Larceny-theft arrests leaped from 10 in 2021 to 41 in 2022, pointing to increased theft activity. Though burglary cases fell from 5 to 3, and vandalism reports inched up slightly from 10 to 12, the spike in forgery, counterfeiting, and fraud suggests new risk areas. These trends are essential for investors, residents, and real estate pros when assessing the county's safety and investment... Read more
Property Crime Trends in Grundy County, IL Over the Last 2 Years
Grundy County, Illinois, has seen notable shifts in property crime over the last two years. Arrests for larceny-theft surged significantly from 10 in 2021 to 41 in 2022, indicating a potential hot spot for theft concerns. Vandalism reports have also increased, moving from 10 in 2021 to 12 in 2022. Interestingly, while burglary incidents decreased from 5 in 2021 to 3 in 2022, including arrests for arson and motor vehicle theft staying minimal, the rising numbers in forgery, counterfeiting, and fraud signal emerging areas warranting attention. Understanding these trends could prove crucial for investors, residents, and real estate professionals when evaluating the county's safety and risk factors.
Demographics
Grundy County, Illinois shows a near-even gender distribution and a population with diverse educational backgrounds, ranging from a significant portion holding only high school diplomas to a good number possessing graduate degrees. The county's age distribution suggests a balanced mix of young families and older adults, with a notable segment under 35 years old. While predominantly White, the racial composition includes small percentages of African American, Asian, and other races, hinting at... Read more
Race Distribution in Grundy County, Illinois (2022)
Educational Attainment in Grundy County, Illinois (2022)
Age Distribution in Grundy County, Illinois
Citizen Population in Grundy County, Illinois (2022)
Political Trends & Data
In Grundy County, Illinois, the 2020 U.S. Presidential Election likely indicated a strong Republican preference, with Republicans perhaps capturing around 62% of the vote and Democrats around 36%. Small third-party vote shares, with Libertarians and Greens possibly getting about 1% and 0.5% respectively, might suggest a predominantly conservative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Grundy County, Illinois, the 2020 U.S. Presidential Election results show a notable leaning towards the Republican party, with Republicans possibly securing around 62% of the vote. Democrats might have garnered approximately 36%, while third-party candidates such as Libertarians and Greens received much smaller shares, potentially around 1% and 0.5% respectively. This distribution could indicate a significant Republican preference within the county, suggesting a potential trend of conservative values influencing local political dynamics.
61.90% of voters voted for the Republican party in the 2020 Presidential Election
36.06% of voters voted for the Democrat party in the 2020 Presidential Election
1.33% of voters voted for the Livertarian party in the 2020 Presidential Election
0.47% of voters voted for the Green party in the 2020 Presidential Election
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
Grundy County, Illinois, has seen a notable drop in the student-to-teacher ratio, from nearly 48 in 2014 to just under 12 in 2023. This trend hints at improved educational quality, which might attract families prioritizing education. With the current ratio now below the national average, real estate agents could highlight this as a community benefit. Such demographic shifts may also impact property values and risk assessments, signaling community investment in educational... Read more
Student-to-teacher ratio in Grundy County, Illinois over the last 9 years
Grundy County, Illinois, has witnessed a significant reduction in the student-to-teacher ratio over the past nine years, dropping from almost 48 in 2014 to just under 12 in 2023. This trend suggests potential improvements in education quality, as fewer students per teacher often allow for more personalized instruction and better classroom management. For those considering moving to or investing in the area, this can be a positive indicator of local educational resources. With the current ratio below the national average of 14 students per teacher, Grundy County might appeal to families prioritizing education or real estate agents highlighting community benefits. For appraisers and insurance agents, such demographic shifts could impact property valuations and risk assessments, reflecting broader community investment in schooling infrastructure.
