Henderson County Real Estate and Livability Trends
Henderson County, Illinois, has witnessed a gradual rise in average taxable income, peaking at $57,171.15 in 2021, despite mounting state and local taxes, which hit $8,025.00 the same year. Real estate tax increments around $3,725.00 in 2021 and a median home value rise to $99,800.00 in 2022 suggest a shifting market. Residential energy tax credits saw a surge to an average of $1,500.00 per... Read more
Henderson County Market Trends
Henderson County, Illinois, has experienced a notable rise in median home values, hitting $99,800.00 in 2022, yet remains significantly more affordable than the state and national medians. Residential energy tax credits spiked to an average of $1,500.00 per return in 2020, suggesting increased home energy efficiency investments, though they dipped to roughly $466.67 in 2021. Real estate taxes... Read more
Median Value of Occupied Housing Units in Henderson County, Illinois Over the Last 8 Years
Henderson County, Illinois, has seen some fluctuations in median home values over the past eight years, but the 2022 figure of $99,800.00 shows a significant uptick from previous years. This is still markedly lower than both the state median of $239,100.00 and the national median of $179,400.00 for the same year. This discrepancy might present potential opportunities for those looking to invest or move to Henderson County, given its relatively affordable housing market compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Henderson County, IL Over the Last 8 Years
In Henderson County, Illinois, the residential energy tax credit per tax return has seen notable fluctuations over the past eight years. Initial values hovered around $200.00 to $260.00 from 2013 to 2016, with a significant jump to $400.00 in 2017. The most remarkable spike occurred in 2020, with an average of $1500.00 per return, indicating a possible increase in home energy efficiency retrofits or installations. Though it dipped to roughly $466.67 in 2021, this variance suggests a growing awareness and investment in energy efficiency among residents, a potentially attractive incentive for prospective investors and homeowners looking to reduce long-term energy costs.
Average Real Estate Taxes Per Tax Return in Henderson County, IL Over the Last 10 Years
Over the past decade, real estate taxes in Henderson County, Illinois, have displayed an upward trend, starting around $2,172.73 in 2012 and rising to approximately $3,725.00 in 2021. Notable increases were seen in 2018 and 2021, suggesting potential reassessments or tax rate hikes during these years. This gradual rise might concern potential investors and property owners, indicating higher long-term expenses but possibly reflecting enhanced county services or amenities. Real estate agents and appraisers could find these trends critical for price evaluations and property market strategies.
Percentage of Farm Returns in Henderson County, IL Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Henderson County, Illinois, has been consistently hovering around 10.00% to 10.86%. This minor fluctuation suggests a relatively stable agricultural economy. Investors and property developers might interpret this steadiness as a sign of resilience in the local farming sector, which can impact property values and long-term investments. Farm tax returns typically represent the proportion of tax filings by farm owners relative to other income sources, shedding light on the economic health and priority of agriculture in the area. Stability in this percentage might indicate ongoing viability and confidence among the farming community, crucial information for prospective land buyers and stakeholders in agricultural businesses.
Number of Mortgages by Occupancy Type in Henderson County, IL Over the Last 5 Years in Henderson County
Over the past five years in Henderson County, Illinois, there's been a consistently high number of mortgages for principal residences, peaking in 2021 with 156. Investment properties and second residences show more fluctuation but remain significantly lower. This trend can inform potential investors about market dynamics, showcasing a more stable demand for primary homes versus variable interest in investment or secondary homes. These insights matter for appraisers and insurance agents to assess risk and value appropriately, and real estate professionals to tailor their sales pitches. Changes in mortgage types reflect broader economic patterns and housing preferences, affecting decisions on development and property management.
Economic Outlook
In Henderson County, Illinois, the average taxable income per tax return has gradually increased over the past nine years, reaching $57,171.15 in 2021, hinting at a potentially strengthening local economy. However, state and local income taxes have shown notable peaks and an overall rise in recent years, hitting $8,025.00 in 2021, which could affect decisions on property investments and financial planning. The average total tax liability per tax return has also fluctuated, with a significant... Read more
Average Taxable Income per Tax Return in Henderson County, IL over the last 9 years
The average taxable income per tax return in Henderson County, Illinois has seen a gradual yet notable increase over the past nine years, culminating at $57,171.15 in 2021. This upward trend could suggest a strengthening local economy, potentially making the area more attractive for prospective investors or those considering a move. However, year-to-year fluctuations indicate variability, highlighting the necessity for cautious optimism and thorough analysis before making any financial decisions related to property or business investments.
Average State and Local Income Taxes Per Tax Return in Henderson County, IL Over the Last 10 Years
Henderson County, Illinois has seen fluctuations in average state and local income taxes per tax return over the last decade, with notable peaks in 2013 ($5,613.95), 2018 ($6,328.57), and 2021 ($8,025.00). While tax rates dipped in mid-decade, they have substantially increased in recent years, indicating a rising tax burden. This trend is critical for potential investors and residents, as higher taxes can influence decisions related to property investments, cost of living, and overall financial planning in the area.
Average Total Tax Liability Per Tax Return in Henderson County, IL Over the Last 10 Years
In Henderson County, Illinois, the average total tax liability per tax return has fluctuated over the last decade. Values have hovered generally between $6,005.78 and $7,520.16. Investors and property developers might find these trends noteworthy as they indicate variable tax burdens. In particular, 2019 marked a notable dip to $6,005.78, potentially suggesting economic adjustments influencing residents' financial obligations. Conversely, the most recent spike in 2021 to $7,520.16 could reflect changes in local economic conditions or tax policy. Understanding these fluctuations can be crucial for financial planning and assessing the economic health of the area.
Cost of Living in Henderson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,076 | $1,456 | $2,329 | $1,058 | $1,426 |
| 1 adult 4 children | $1,076 | $1,189 | $1,784 | $1,058 | $1,481 |
| 2 adults 3 children | $1,076 | $1,189 | $2,019 | $1,058 | $1,173 |
| 1 adult 3 children | $1,076 | $971 | $1,474 | $1,058 | $1,208 |
| 2 adults 2 children | $774 | $974 | $1,709 | $959 | $994 |
| 1 adult 2 children | $774 | $727 | $1,164 | $959 | $911 |
| 2 adults 1 child | $774 | $769 | $1,399 | $640 | $952 |
| 1 adult 1 child | $774 | $497 | $854 | $640 | $763 |
| 2 adults | $668 | $618 | $1,089 | $0 | $777 |
| 1 adult | $579 | $337 | $545 | $0 | $605 |
Demographics
Henderson County, Illinois, exhibits a nearly balanced gender distribution with slightly more females than males in its adult population. The community’s age distribution skews older, with significant representation in the 55 to 64 and 65 to 74 age brackets. Educational attainment shows a majority holding at least a high school diploma, and a noteworthy percentage attaining bachelor's or higher degrees. The county’s racial composition is overwhelmingly White, with very small representations... Read more
Race Distribution in Henderson County, Illinois (2022)
Educational Attainment in Henderson County, Illinois (2022)
Age Distribution in Henderson County, Illinois
Citizen Population in Henderson County, Illinois (2022)
Political Trends & Data
In Henderson County, Illinois, the 2020 U.S. Presidential election data hints at a strong Republican presence, with about 65.6% of the vote. The Democratic party secured around 32.5%, while minor parties hardly made a dent, collectively pulling just over 1.4%. This voting pattern may indicate a solid Republican leaning, potentially influencing local policies and real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Henderson County, Illinois, the 2020 U.S. Presidential election data shows that the Republican party likely had a dominant presence with approximately 65.6% of the vote. The Democratic party trailed significantly, garnering around 32.5%. Minor parties, including the Libertarian and Green parties, captured relatively minimal support, collectively accounting for just over 1.4% of the total vote. This trend might suggest a solid Republican leaning within the county.
65.64% of voters voted for the Republican party in the 2020 Presidential Election
32.55% of voters voted for the Democrat party in the 2020 Presidential Election
1.34% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% 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 Henderson County, Illinois, the student-to-teacher ratio has fluctuated around the national average of 14 students per teacher over the past nine years. Notable dips to ratios as low as 12 in 2015 and 2017 hint at periods offering more personalized classroom attention. In contrast, 2014, 2019, and 2020 saw higher ratios nearing 16, suggesting larger class sizes. These trends can influence property values, insurance risk assessments, and community dynamics, as lower student-to-teacher ratios... Read more
Student-to-teacher ratio in Henderson County, Illinois over the last 9 years
In Henderson County, Illinois, the student-to-teacher ratio has fluctuated over the past nine years, hovering mostly around the national average of 14 students per teacher. Notable dips occurred in 2015 and 2017, with ratios as low as 13 and 12 students per teacher respectively, offering more personalized attention in classrooms. By contrast, 2014, 2019, and 2020 saw higher ratios closer to 16, potentially indicating periods of larger class sizes. For investors, movers, appraisers, insurance agents, builders, and real estate professionals, these trends can affect property values, insurance risk assessments, and community dynamics, as smaller class sizes often enhance educational outcomes and overall community satisfaction.
