Hardin County Real Estate and Livability Trends
Hardin County, Illinois showcases intriguing shifts in average taxable income, peaking at $49,868.79 in 2014 and $53,937.50 in 2021, suggesting a growing yet unpredictable economy that investors may find both lucrative and cautious. Median home values climbed from $68,800 in 2015 to $90,600 in 2022, indicating potential opportunities for those seeking undervalued properties. The rising average... Read more
Hardin County Market Trends
Over the past eight years, median home values in Hardin County, Illinois, jumped from $68,800 in 2015 to $90,600 in 2022, lagging behind state and national averages. This slower growth might hint at hidden opportunities for investors looking for undervalued properties or budget-conscious homeowners. Average residential energy tax credits per tax return have risen, indicating a higher local... Read more
Median Value of Occupied Housing Units in Hardin County, Illinois Over the Last 8 Years
Over the past eight years, Hardin County, Illinois has seen fluctuating median home values reaching a significant increase from $68,800 in 2015 to $90,600 in 2022. This local growth, while notable, is set against a backdrop of higher median values in both Illinois and nationally. Illinois saw medians rise from $173,800 in 2015 to $239,100 by 2022, and nationwide figures jumped from $125,500 to $179,400 during the same period. This marked underperformance in Hardin County could suggest opportunities for investors seeking undervalued properties or for potential homeowners looking for more affordable housing options compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in Hardin County, IL Over the Last 4 Years
Over the last four years, Hardin County, Illinois has shown a notable increase in average residential energy tax credits per tax return, starting at $200.00 in 2013 and potentially rising to $366.67 by 2016. This upward trend might suggest a growing investment in energy-efficient home improvements among residents. For potential investors, homeowners, or real estate agents, this could indicate a local market increasingly focused on sustainability and energy savings, possibly enhancing property values and appeal to eco-conscious buyers.
Average Real Estate Taxes Per Tax Return in Hardin County, IL Over the Last 6 Years
Over the past six years, real estate taxes per tax return in Hardin County, Illinois have shown minor fluctuations, with values hovering around $1,800.00. Notably, 2017 saw the highest at approximately $1,871.43, whereas 2016 hit a low at about $1,741.67. This relatively stable trend suggests consistent taxation levels, potentially adding a layer of financial predictability for prospective investors or homeowners.
Percentage of Farm Returns in Hardin County, IL Over the Last 10 Years
In Hardin County, Illinois, the percentage of farm tax returns has exhibited some fluctuations over the last decade, peaking in both 2018 at roughly 9.46% and 2017 at about 9.27%. The lowest point was in 2012 with approximately 7.83%. Farm tax returns are a critical indicator of agricultural activity and economic health in rural areas, reflecting the level of agricultural business operations. For potential investors and those considering moving to the area, these trends suggest a relatively stable yet slightly declining agricultural sector, which could influence property values and economic opportunities tied to farming.
Number of Mortgages by Occupancy Type in Hardin County, IL Over the Last 5 Years in Hardin County
Tracking mortgage trends by occupancy type in Hardin County, Illinois over the last five years shows notable fluctuations, especially in principal residences. These shifts could suggest varying degrees of market stability or economic conditions that may affect investor interest and residency decisions. For instance, a marked increase in mortgages for principal residences in 2020 and 2021 compared to other years might signal heightened demand or favorable lending conditions during those periods. For potential investors, real estate agents, and insurers, understanding these patterns can offer insights into market dynamics, risk assessment, and future property valuations. Builders and developers might leverage this data to tailor projects that better match the prevailing needs of the community.
Economic Outlook
Hardin County, Illinois showcases some interesting variability in its average taxable income, reflecting local economic shifts. Notably, peaks of $49,868.79 in 2014 and $53,937.50 in 2021 contrasted against slight declines in 2015 and 2016. This suggests a growing but somewhat unpredictable economy, creating a potentially lucrative yet cautious landscape for investors. Similarly, the average state and local income taxes have been erratic, with highs of $8,861.54 in 2013 and lows of $5,341.67 in... Read more
Average Taxable Income per Tax Return in Hardin County, IL over the last 9 years
Hardin County, Illinois has seen fluctuations in the average taxable income per tax return over the past nine years. While years like 2014 and 2021 observed substantial increases, peaking at $49,868.79 and $53,937.50 respectively, there were periods like 2015 and 2016 where income slightly dipped. This variability might reflect local economic conditions, which could be essential for potential investors or those looking to relocate for job opportunities. Despite the ups and downs, the latest trend towards higher average incomes could signal growing prosperity, making it a potentially attractive area for further financial or real estate investments.
Average State and Local Income Taxes Per Tax Return in Hardin County, IL Over the Last 6 Years
Over the past six years, average state and local income taxes per tax return in Hardin County, Illinois have fluctuated, peaking in 2013 at $8,861.54 and hitting a low point in 2016 at $5,341.67. This volatility may reflect economic shifts or changes in county tax policies, important considerations for potential investors or new residents analyzing financial commitments.
Average Total Tax Liability Per Tax Return in Hardin County, IL Over the Last 10 Years
Hardin County, Illinois has seen some variability in the average total tax liability per tax return over the past decade. The figures have fluctuated, peaking at $8,676.32 in 2014 and dipping to a low of $5,738.38 in 2018. These changes could be indicative of shifts in economic conditions, tax policies, or income levels within the county. For potential investors or those considering moving to this area, these tax liability trends might suggest a relatively stable fiscal environment with some periodic shifts that are worth monitoring.
Cost of Living in Hardin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $942 | $1,287 | $2,902 | $1,058 | $1,488 |
| 1 adult 4 children | $942 | $1,051 | $2,227 | $1,058 | $1,514 |
| 2 adults 3 children | $942 | $1,051 | $2,514 | $1,058 | $1,219 |
| 1 adult 3 children | $942 | $858 | $1,839 | $1,058 | $1,220 |
| 2 adults 2 children | $774 | $861 | $2,126 | $959 | $1,063 |
| 1 adult 2 children | $774 | $643 | $1,451 | $959 | $972 |
| 2 adults 1 child | $774 | $680 | $1,738 | $640 | $1,006 |
| 1 adult 1 child | $774 | $439 | $1,063 | $640 | $794 |
| 2 adults | $588 | $546 | $1,350 | $0 | $788 |
| 1 adult | $531 | $298 | $675 | $0 | $603 |
Demographics
Hardin County, Illinois, has a nearly balanced gender population and interesting educational attainment levels, with a notable portion of residents having only a high school diploma or some college education without a degree. The age distribution skews older, with a significant proportion of the population aged 55 and over. The racial makeup is predominantly White, with minimal representation from other racial groups. These trends highlight potential areas for targeted community services,... Read more
Race Distribution in Hardin County, Illinois (2022)
Educational Attainment in Hardin County, Illinois (2022)
Age Distribution in Hardin County, Illinois
Citizen Population in Hardin County, Illinois (2022)
Political Trends & Data
Hardin County, Illinois, exhibited a substantial Republican preference in the 2020 U.S. Presidential Election, with around 78% of votes going to the Republican candidate. The Democratic candidate received approximately 21%, while third parties collectively garnered under 1%. This strong Republican leaning might influence local political dynamics and policy decisions, potentially shaping the county's economic and social... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hardin County, Illinois, the 2020 U.S. Presidential Election saw a substantial lean towards the Republican candidate, with approximately 78% of the vote. The Democratic candidate garnered around 21%, while the Libertarian and Green parties combined received just under 1% of the vote. Other parties accounted for a negligible share. This trend may suggest a strong Republican presence in the county, potentially influencing local political dynamics and policy preferences.
78.21% of voters voted for the Republican party in the 2020 Presidential Election
20.77% of voters voted for the Democrat party in the 2020 Presidential Election
0.65% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Green party in the 2020 Presidential Election
0.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hardin County, Illinois has seen its student-to-teacher ratio fluctuate widely over the past nine years, peaking at nearly twenty students per teacher in 2015 and dropping to about fourteen and a half in 2022. A lower student-to-teacher ratio can suggest more individualized attention and better educational outcomes, making it a critical factor for real estate investors and potential movers. This fluctuation compared to the national average of roughly fourteen students per teacher hints at... Read more
Student-to-teacher ratio in Hardin County, Illinois over the last 9 years
Over the past nine years, Hardin County, Illinois has seen fluctuations in its student-to-teacher ratio, peaking at nearly twenty students per teacher in 2015 and dropping to a low of about fourteen and a half students per teacher in 2022. This changing ratio matters for potential investors, real estate agents, and those considering a move to the area because lower student-to-teacher ratios are often associated with more individualized attention and better educational outcomes. In comparison to the national average of approximately fourteen students per teacher, Hardin County’s varying ratios suggest times of both potentially enhanced and stretched educational resources. These trends can impact property values and local amenities, influencing decisions related to real estate investments and community developments.
