Hamilton County Real Estate and Livability Trends
Hamilton County, Illinois has seen a consistent increase in average taxable income per tax return, from $50,630.35 in 2013 to $61,301.92 in 2021, hinting at improving economic health and making it attractive to investors. Home values have risen from $84,700 in 2015 to $100,300 in 2022, still below state and national figures, suggesting growth potential. Real estate taxes fluctuated, peaking at... Read more
Hamilton County Market Trends
Home values in Hamilton County, Illinois, have seen a gradual rise, from $84,700 in 2015 to $100,300 in 2022, still lagging behind state and national figures, suggesting room for growth and potential investment opportunities. Real estate taxes have fluctuated, peaking at $3,550.00 in 2018, indicating a dynamic tax environment that could influence property values and future investments.... Read more
Median Value of Occupied Housing Units in Hamilton County, Illinois Over the Last 8 Years
The median home values in Hamilton County, Illinois have exhibited a relatively steady increase over the last eight years, with values growing from $84,700 in 2015 to $100,300 in 2022. While the local market's rise is apparent, it's worth noting that these figures are considerably lower when compared to both state and national trends. Over the same period, the median home value in Illinois elevated from $173,800 to $239,100, and in the United States, it surged from $125,500 to $179,400. This discrepancy could present a potential investment opportunity for those looking to enter the housing market in Hamilton County, as it may still have room for value appreciation.
Residential Energy Tax Credit Per Tax Return in Hamilton County, IL Over the Last 7 Years
Hamilton County, Illinois has experienced fluctuating average residential energy tax credits over the past seven years, with notable peaks in 2014 ($866.67) and 2019 ($975.00). Despite these spikes, other years saw more modest averages, such as 2015 ($250.00) and 2021 ($333.33). These variations may reflect changing energy-efficiency incentives and adoption rates, making it an interesting point for investors, property developers, and eco-conscious residents considering the financial benefits of energy improvements.
Average Real Estate Taxes Per Tax Return in Hamilton County, IL Over the Last 10 Years
Real estate taxes per tax return in Hamilton County, Illinois have shown notable fluctuation over the past decade, rising from $2,120.41 in 2012 to a peak of $3,550.00 in 2018 before moderating slightly. This pattern suggests a dynamic tax environment, with property owners facing varying financial obligations over time. For investors or potential residents, this volatility could signal changing local economic conditions or shifts in government policy affecting housing costs. Appraisers and insurance agents should consider these trends in their evaluations, while builders and real estate agents need to be aware of potential impacts on property values and client budgets.
Percentage of Farm Returns in Hamilton County, IL Over the Last 10 Years
Farm tax returns in Hamilton County, Illinois have hovered around 11% to 12% of total returns filed over the last decade. Notably, there is a slight dip around 2018 and 2019, where percentages dropped to approximately 10.25%, but most other years show a consistent trend near 11.5%. This steady flow of farm-related tax returns might indicate a stable agricultural sector, which could be appealing for those considering investments in local agribusiness or property development centered around farming communities. Understanding these trends is particularly relevant for stakeholders looking to make informed decisions about moving to or investing in Hamilton County, especially if engaging with the local agriculture industry.
Number of Mortgages by Occupancy Type in Hamilton County, IL Over the Last 5 Years in Hamilton County
The number of mortgages for principal residences in Hamilton County, Illinois shows an overall upward trend from 2018 to 2021, peaking at 266 in 2021 before dropping slightly to 223 in 2022. This growth might suggest increasing demand for primary living spaces, likely influencing the local housing market, property values, and related real estate activities. Meanwhile, mortgages for investment properties remain relatively stable, with minor fluctuations, indicating consistent interest for rental or resale opportunities, which may affect market dynamics differently. Second residences see minimal activity, suggesting limited interest in vacation or secondary homes. These shifts in occupancy types can impact market strategies for investors, insurers, appraisers, and real estate agents, affecting everything from pricing strategies to risk assessments.
Economic Outlook
Hamilton County, Illinois has seen a rise in average taxable income per tax return over the past nine years, climbing from $50,630.35 in 2013 to $61,301.92 in 2021. This consistent growth hints at improving economic health, appealing to investors and potential residents. The area has also experienced notable fluctuations in state and local income taxes, peaking at $10,340.00 in 2020 but dropping to $5,742.86 by 2021. These tax variations, alongside shifts in total tax liability, which ranged... Read more
Average Taxable Income per Tax Return in Hamilton County, IL over the last 9 years
Hamilton County, Illinois has seen a notable increase in average taxable income per tax return over the past nine years. Starting at $50,630.35 in 2013, the average steadily rose with small fluctuations, reaching a significant peak of $61,301.92 in 2021. This upward trend could indicate a growing economic health in the area, making it potentially attractive for investors, new residents, or those considering development projects. The financial growth amidst recent years might reflect broader economic shifts, potentially linked to local industries' performance or broader state economic policies.
Average State and Local Income Taxes Per Tax Return in Hamilton County, IL Over the Last 10 Years
Hamilton County, Illinois has seen notable fluctuations in average state and local income taxes per tax return over the past decade, peaking at $10,340.00 in 2020. The significant rise in 2018 to $9,614.29 and subsequent dip to $5,742.86 by 2021 suggest volatility that investors, potential homeowners, and those looking to develop property should consider. These shifts might reflect broader economic trends or policy changes impacting residents' financial commitments, crucial for anyone financially involved in or near the area.
Average Total Tax Liability Per Tax Return in Hamilton County, IL Over the Last 10 Years
Hamilton County, Illinois, has seen fluctuations in average total tax liability per tax return over the past decade, with values oscillating between $6,538.65 in 2019 and $8,513.10 in 2021. Interestingly, there's a noticeable drop in 2018 and 2019, suggesting economic conditions or policy changes might have influenced tax liabilities during those years. For potential investors, homeowners, or current residents, these trends could impact financial planning and economic projections for the area.
Cost of Living in Hamilton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $985 | $1,287 | $2,902 | $1,058 | $1,496 |
| 1 adult 4 children | $985 | $1,051 | $2,227 | $1,058 | $1,522 |
| 2 adults 3 children | $985 | $1,051 | $2,514 | $1,058 | $1,227 |
| 1 adult 3 children | $985 | $858 | $1,839 | $1,058 | $1,229 |
| 2 adults 2 children | $774 | $861 | $2,126 | $959 | $1,054 |
| 1 adult 2 children | $774 | $643 | $1,451 | $959 | $960 |
| 2 adults 1 child | $774 | $680 | $1,738 | $640 | $998 |
| 1 adult 1 child | $774 | $439 | $1,063 | $640 | $786 |
| 2 adults | $653 | $546 | $1,350 | $0 | $803 |
| 1 adult | $531 | $298 | $675 | $0 | $596 |
Demographics
Hamilton County, Illinois has a fairly balanced gender distribution, with a slight edge toward the female population. On the education front, a significant portion of adults have completed high school and some college without earning a degree. The age demographics show a wider spread across age groups, hinting at a stable population structure without sharp age-based shifts. The racial composition is predominantly White, with other races making up minimal percentages. These insights can help in... Read more
Race Distribution in Hamilton County, Illinois (2022)
Educational Attainment in Hamilton County, Illinois (2022)
Age Distribution in Hamilton County, Illinois
Citizen Population in Hamilton County, Illinois (2022)
Political Trends & Data
In Hamilton County, Illinois, the 2020 U.S. Presidential Election data potentially indicates a pronounced Republican preference, with the party possibly securing around 79.5% of votes. Democrats appeared to trail significantly, perhaps managing around 19.1%. These voting tendencies might point to a local inclination toward Republican policies and ideals, though voter behavior could be influenced by diverse... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hamilton County, Illinois, it seems the 2020 U.S. Presidential Election saw a dominant lean toward the Republican party, possibly capturing around 79.5% of the vote. The Democrat party appeared significantly behind, potentially garnering approximately 19.1%. Libertarian and Green party candidates, along with other smaller parties, perhaps collectively made up less than 2% of the total votes. This trend might suggest a strong preference for Republican policies in the area, though factors influencing voter behavior could be varied.
79.54% of voters voted for the Republican party in the 2020 Presidential Election
19.10% of voters voted for the Democrat party in the 2020 Presidential Election
0.95% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Hamilton County, Illinois, the student-to-teacher ratio has fluctuated over the past nine years, now sitting at about 18 students per teacher in 2023. Despite an unusual spike to 162 in 2014, the ratio remains above the national average of 14. These trends may indicate resource allocation challenges and could impact community appeal, potentially influencing housing market desirability and future development... Read more
Student-to-teacher ratio in Hamilton County, Illinois over the last 9 years
In Hamilton County, Illinois, the student-to-teacher ratio has seen notable changes over the past nine years, currently standing at about 18 students per teacher in 2023. After an unusual spike in 2014, where the ratio surged to 162, the numbers have since stabilized, but still slightly higher than the national average of 14. This ratio might signal both resource allocation challenges and potential class size impacts for educators and students alike. For investors, real estate agents, and prospective residents, these trends suggest a need to closely examine educational resources, as they could influence housing market appeal, community growth, and long-term development plans.
