Iroquois County Market Trends
In Iroquois County, Illinois, median home values have climbed from $95,900 in 2015 to $120,900 in 2022, offering a budget-friendly alternative to higher state and national averages. A notable peak in residential energy tax credits in 2018 at $2,033.33 reveals increasing investment in energy-efficient home improvements. Real estate taxes have steadily risen from around $3,409.33 per tax return in... Read more
Median Value of Occupied Housing Units in Iroquois County, Illinois Over the Last 8 Years
In Iroquois County, Illinois, median home values have consistently trended upward over the past eight years, rising from $95,900 in 2015 to $120,900 in 2022. This local increase is significant given how these values still trail behind state and national averages, with Illinois hitting $239,100 and the U.S. reaching $179,400 by 2022. For investors or individuals considering a move, Iroquois County could present more cost-effective opportunities compared to broader market trends.
Residential Energy Tax Credit Per Tax Return in Iroquois County, IL Over the Last 9 Years
Iroquois County, Illinois, has seen varied trends in residential energy tax credits per tax return over the past nine years, with a notable peak in 2018 at $2,033.33 and generally high values in recent years, such as $1,062.50 in 2020 and $1,020.00 in 2021. These fluctuations suggest increasing investment in energy-efficient home improvements, which might attract both environmentally conscious buyers and investors. However, the wide range in yearly credits indicates economic or policy-related factors at play, potentially influencing the stability and predictability for future financial planning in this market.
Average Real Estate Taxes Per Tax Return in Iroquois County, IL Over the Last 10 Years
Investors and homebuyers should note the gradual increase in real estate taxes in Iroquois County, Illinois over the past decade. Starting from an average of approximately $3,409.33 per tax return in 2012, the taxes have risen to around $4,466.67 by 2021. This upward trend, peaking notably between 2018 and 2021, could potentially influence decisions on property investments, insurance premiums, and overall affordability. For real estate agents and appraisers, understanding these figures may be crucial for accurate property valuations and pricing strategies.
Percentage of Farm Returns in Iroquois County, IL Over the Last 10 Years
Over the last decade, Iroquois County, Illinois has seen a slight but consistent decline in the percentage of farm returns, starting from 8.42% in 2012 and dropping to around 7.67% by 2021. Farm tax returns, which essentially represent the financial filings of farms, reflect broader agricultural health and economic trends in the area. This slow downward trend may suggest challenges in profitability or shifts in land use, which could impact decisions for potential investors and builders. Understanding these dynamics could be key for those looking to invest in agribusiness, purchase rural property, or simply evaluate the economic outlook of the region.
Number of Mortgages by Occupancy Type in Iroquois County, IL Over the Last 5 Years in Iroquois County
Over the past five years, Iroquois County, Illinois, has seen a notable fluctuation in the number of mortgages by occupancy type. Principal residences consistently dominate the mortgage scene, suggesting strong demand for primary homes, particularly peaking in 2020 and 2021. Investment properties exhibit a steadier trend, with slight declines, potentially signaling shifts in investment strategies or economic factors affecting investor confidence. Second residences have the lowest mortgage count but show minor increases and decreases, reflecting varying interest in vacation or secondary homes. These trends could influence decisions for real estate investors, developers, appraisers, and insurance agents by indicating market stability and potential growth areas within the county. Understanding these dynamics can better prepare stakeholders for future opportunities and challenges in the housing market.
Economic Outlook
In Iroquois County, Illinois, average taxable income per tax return has steadily risen from $50,708.27 in 2013 to $65,050.69 in 2021, with a sharp increase between 2017 and 2018. This trend could attract investors and residents seeking economic stability and income growth. However, average state and local income taxes per tax return have fluctuated, rising to $6,960.00 in 2021 from $4,993.82 in 2012, indicating potential volatility in the tax landscape. Additionally, the average total tax... Read more
Average Taxable Income per Tax Return in Iroquois County, IL over the last 9 years
Over the past nine years, Iroquois County, Illinois has shown a steady increase in average taxable income per tax return, rising from $50,708.27 in 2013 to $65,050.69 in 2021. Notably, there was a sharp hike between 2017 and 2018, with average income jumping from $52,502.63 to $56,239.59. Such trends could make Iroquois County an attractive location for investors and potential residents who are keen on economic stability and gradual income growth. This upward trend in taxable income might also hint at a robust local economy, potentially benefiting property builders and those looking at new business opportunities.
Average State and Local Income Taxes Per Tax Return in Iroquois County, IL Over the Last 10 Years
Over the past decade, Iroquois County, Illinois has seen fluctuating average state and local income taxes per tax return, with a notable rise to $6,960.00 in 2021 from $4,993.82 in 2012. The peaks of $6,013.39 in 2013 and $5,851.28 in 2019, along with the dip to $4,613.07 in 2016, highlight the volatility. This variability could be crucial for investors and new residents assessing the area's economic stability and tax landscape.
Average Total Tax Liability Per Tax Return in Iroquois County, IL Over the Last 10 Years
In Iroquois County, Illinois, average total tax liability per tax return over the past decade shows a noticeable fluctuation. While tax liabilities saw a gradual decrease from 2012 ($8609.47) to 2018 ($7513.57), there was a significant uptick in 2021 to $8933.62. These variations could influence decisions for potential investors or new residents, reflecting underlying economic or policy shifts impacting the area.
Cost of Living in Iroquois County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $998 | $1,299 | $2,569 | $1,058 | $1,359 |
| 1 adult 4 children | $998 | $1,061 | $1,970 | $1,058 | $1,396 |
| 2 adults 3 children | $998 | $1,061 | $2,227 | $1,058 | $1,113 |
| 1 adult 3 children | $998 | $866 | $1,627 | $1,058 | $1,127 |
| 2 adults 2 children | $774 | $869 | $1,884 | $959 | $978 |
| 1 adult 2 children | $774 | $649 | $1,285 | $959 | $881 |
| 2 adults 1 child | $774 | $687 | $1,541 | $640 | $936 |
| 1 adult 1 child | $774 | $443 | $942 | $640 | $746 |
| 2 adults | $588 | $552 | $1,199 | $0 | $734 |
| 1 adult | $584 | $301 | $599 | $0 | $591 |
Safety trends & Data
Property crime trends in Iroquois County, Illinois, hint at a shifting landscape. Vandalism incidents rose by 50%, while larceny-theft cases saw a notable increase, more than doubling. Stable burglary rates are now joined by emerging categories like forgery and fraud. This evolving scenario could impact property values, insurance rates, and overall community safety... Read more
Property Crime Trends in Iroquois County, IL Over the Last 2 Years
In Iroquois County, Illinois, property crime trends over the last two years show a notable increase in certain categories. Vandalism numbers rose from 10 to 15 incidents, and larceny-theft cases more than doubled from 7 to 17. While burglary remained relatively stable, new categories like forgery and fraud appeared in 2022. These trends could suggest a shifting landscape for local crime, potentially impacting property values, insurance rates, and overall community safety perceptions.
Demographics
Iroquois County, Illinois displays a relatively balanced gender ratio, though slightly more females than males. The age distribution highlights a notable proportion of seniors, with those over 55 forming a significant segment. Educationally, the majority are high school graduates with a growing minority obtaining bachelor's and advanced degrees. Racially, the area is predominantly White, though small but present other racial groups add to its diversity. These trends suggest potential areas for... Read more
Race Distribution in Iroquois County, Illinois (2022)
Educational Attainment in Iroquois County, Illinois (2022)
Age Distribution in Iroquois County, Illinois
Citizen Population in Iroquois County, Illinois (2022)
Political Trends & Data
Iroquois County, Illinois, displayed a substantial Republican stronghold during the 2020 U.S. Presidential Election, with about 78% of the votes favoring the GOP. Democratic support lagged at roughly 21%, while Libertarian and Green parties both attracted less than 2%. This overwhelming preference for Republican candidates may suggest minimal political diversity and potentially significant local and state policy impacts reflecting conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Iroquois County, Illinois, the 2020 U.S. Presidential Election results leaned heavily toward the Republican Party, with approximately 78% of the votes. Democrats received around 21%, while the Libertarian and Green parties garnered minimal support, each earning less than 2% of the vote. This suggests a strong Republican presence in the county, potentially influencing local and state politics. Other parties barely made a mark, indicating low voter diversification in political preferences.
77.55% of voters voted for the Republican party in the 2020 Presidential Election
20.73% of voters voted for the Democrat party in the 2020 Presidential Election
1.05% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Green party in the 2020 Presidential Election
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Iroquois County, Illinois, there's been a decline in the student-to-teacher ratio from about 15 students per teacher to closer to 13 over the last nine years, suggesting a shift toward smaller class sizes and potentially more individualized attention for students. This trend could make the area's school system more appealing compared to the national average of 14 students per teacher. Appraisers, real estate agents, and developers might view this as a valuable factor in assessing property... Read more
Student-to-teacher ratio in Iroquois County, Illinois over the last 9 years
Over the last nine years in Iroquois County, Illinois, the student-to-teacher ratio has seen a general decline from about 15 students per teacher to closer to 13. This trend is notable as it suggests a move towards smaller class sizes, potentially increasing individual student attention. For those looking to invest in or move to the area, this might translate into a more appealing school system, especially compared to the national average of 14 students per teacher. Appraisers and real estate agents might find this an influential factor when assessing property values, as a better educational environment can be a selling point. Furthermore, developers and insurance agents may see these trends as indicative of a community prioritizing education, which could affect long-term area growth and stability.
