Jasper County Real Estate and Livability Trends
Jasper County, Illinois has seen average taxable income rise from $50,200 in 2013 to $65,562 in 2021, suggesting improving economic conditions. Home values increased from $94,500 in 2015 to $117,900 in 2022, showing stable, albeit slower, growth. Real estate taxes jumped notably around 2019 and 2020, reflecting rising property valuations. Farm tax returns remained steady, highlighting... Read more
Jasper County Market Trends
The median home value in Jasper County, Illinois increased from $94,500 in 2015 to $117,900 in 2022, presenting slower growth compared to the state and national levels but still indicating a stable market. Residential energy tax credits spiked sharply, peaking at $1,275.00 in 2021, highlighting potential financial incentives for energy-efficient upgrades. Real estate taxes grew from $2,180.56 in... Read more
Median Value of Occupied Housing Units in Jasper County, Illinois Over the Last 8 Years
Over the past eight years, the median home value in Jasper County, Illinois has seen a steady increase from $94,500 in 2015 to $117,900 in 2022. This growth, although slower than the national and state levels, indicates a stable real estate market locally. By comparison, Illinois’ median home value surged from $173,800 to $239,100, while the national median rose from $125,500 to $179,400 within the same period. These trends suggest that Jasper County remains an affordable option for potential homebuyers, with slower but consistent appreciation that may appeal to investors seeking steady long-term gains.
Residential Energy Tax Credit Per Tax Return in Jasper County, IL Over the Last 8 Years
Residential energy tax credits in Jasper County, Illinois, present a highly variable yet potentially lucrative opportunity for property owners focusing on energy-efficient upgrades. Starting at $707.69 in 2013, credits peaked sharply in 2021 at $1275.00, suggesting that recent investments in energy efficiency might yield significant financial returns. Investors and prospective residents considering energy-efficient improvements can leverage these fluctuating tax incentives to offset costs, while insurance agents and appraisers may need to adjust valuations based on energy-efficient installations. Builders and real estate agents should note this as a growing trend that could drive demand and improve property attractiveness in the market.
Average Real Estate Taxes Per Tax Return in Jasper County, IL Over the Last 10 Years
Jasper County, Illinois has witnessed a notable escalation in real estate taxes over the last decade, with the average tax return in 2012 at $2,180.56 climbing to $3,391.67 by 2021. Peaks in the data around 2019 and 2020, when taxes surged past $3,700, may warrant extra attention for anyone planning their financial commitments in the county. This trend could suggest increasing property valuations or shifts in tax policies, making it relevant for investors, homebuyers, and real estate agents to carefully consider the implications of rising tax burdens on overall costs.
Percentage of Farm Returns in Jasper County, IL Over the Last 10 Years
In Jasper County, Illinois, farm tax returns appear to have hovered between 15.33% and 16.06% over the last decade. These figures imply a relatively stable agricultural sector. For potential investors or those looking to move to the area, it's worth noting that the steady percentage of farm returns could suggest enduring agricultural activity and an ongoing dedication to farming within the local community. This may be indicative of a stable local economy with deep agricultural roots, potentially offering investment opportunities in farming-related businesses and real estate.
Number of Mortgages by Occupancy Type in Jasper County, IL Over the Last 5 Years in Jasper County
Over the past five years, Jasper County, Illinois has seen fluctuating numbers in mortgages for principal residences, with a notable peak in 2020. Conversely, mortgages for investment properties and second residences remain relatively low but have increased slightly. These occupancy trends may suggest varying levels of market stability and investment potential in Jasper County. For investors, this indicates limited competition in the market for investment properties. Real estate agents and appraisers might find the high volume of principal residence mortgages indicative of a stable, family-oriented community, while insurance agents could focus on tailoring services to a demographic that appears to prioritize homeownership over secondary or investment housing. These shifts can signal nuanced economic dynamics and inform future property development and investment strategies in the area.
Economic Outlook
Jasper County, Illinois has enjoyed a steady rise in average taxable income per tax return over the past nine years, from $50,200 in 2013 to $65,562 in 2021, hinting at improving economic conditions and growing market opportunities. State and local income taxes have been more erratic, peaking at $6,880.00 in 2020 but dropping to $4,015.87 in 2016, with a trend toward higher taxes recently. Meanwhile, total tax liabilities per tax return have fluctuated, hitting a high of $9,085.18 in 2021,... Read more
Average Taxable Income per Tax Return in Jasper County, IL over the last 9 years
Jasper County, Illinois has seen a steady increase in average taxable income per tax return over the past nine years, starting from approximately $50,200 in 2013 to about $65,562 in 2021. This gradual rise suggests improving economic conditions and potentially higher earning potential for residents. For investors and property developers, this trend may indicate a promising economic environment and growing market opportunities in the area. Prospective residents might view this as a signal of a healthy local economy with increasing income levels, making Jasper County an appealing location to move to or build property in.
Average State and Local Income Taxes Per Tax Return in Jasper County, IL Over the Last 10 Years
Over the last decade, Jasper County, Illinois, has seen a fluctuating pattern in average state and local income taxes per tax return, peaking at $6,880.00 in 2020 and dipping to a low of $4,015.87 in 2016. Notably, recent years show a trend towards higher taxes, making it essential for potential investors and new residents to factor these variations into their financial planning.
Average Total Tax Liability Per Tax Return in Jasper County, IL Over the Last 10 Years
Jasper County, Illinois, has seen fluctuating average total tax liabilities per tax return over the past decade, with a notable peak in 2021 at $9085.18. This recent surge could indicate economic changes, shifts in income levels, or alterations in tax policies. For potential investors or new residents, understanding these trends could be key to financial planning and assessing the local economic environment.
Cost of Living in Jasper County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,042 | $1,379 | $2,902 | $1,058 | $1,586 |
| 1 adult 4 children | $1,042 | $1,126 | $2,227 | $1,058 | $1,613 |
| 2 adults 3 children | $1,042 | $1,127 | $2,514 | $1,058 | $1,305 |
| 1 adult 3 children | $1,042 | $920 | $1,839 | $1,058 | $1,311 |
| 2 adults 2 children | $774 | $922 | $2,126 | $959 | $1,087 |
| 1 adult 2 children | $774 | $689 | $1,451 | $959 | $1,000 |
| 2 adults 1 child | $774 | $729 | $1,738 | $640 | $1,026 |
| 1 adult 1 child | $774 | $471 | $1,063 | $640 | $825 |
| 2 adults | $642 | $586 | $1,350 | $0 | $840 |
| 1 adult | $531 | $319 | $675 | $0 | $612 |
Demographics
Jasper County, Illinois, has a nearly balanced gender distribution in its adult population with slightly more males than females. The county's educational attainment reveals a strong presence of high school graduates and those with some college experience, though fewer residents hold graduate or professional degrees. Age-wise, the population is relatively spread out, with significant representation across most age brackets, especially among residents aged 55 to 64. The racial makeup is... Read more
Race Distribution in Jasper County, Illinois (2022)
Educational Attainment in Jasper County, Illinois (2022)
Age Distribution in Jasper County, Illinois
Citizen Population in Jasper County, Illinois (2022)
Political Trends & Data
Jasper County, Illinois, displays a marked preference for Republican candidates, with over 80% of the 2020 U.S. Presidential Election votes. Democratic support hovered around 18%, and third-party candidates collectively drew less than 3%. This conservative leaning is indicative of similar rural voting trends, potentially informing socio-political dynamics and economic policies that may impact local real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Jasper County, Illinois, saw a significant preference for the Republican candidate in the 2020 U.S. Presidential Election, with just over 80% of the votes. Democratic support was considerably lower, around 18%, while third-party candidates collectively garnered less than 3%. This data might suggest a strong conservative leaning in the county, reflecting broader rural voting patterns often observed in similar regions.
80.60% of voters voted for the Republican party in the 2020 Presidential Election
18.06% 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
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Jasper County, Illinois, the student-to-teacher ratio has fluctuated over the past nine years, but recent trends show a sharp decline to about eleven students per teacher in 2022 and 2023. This could imply improved educational experiences and more personalized attention for students, a potential selling point for real estate agents targeting families. Appraisers and insurance agents might view this as a sign of community investment in education, while developers may see it as an opportunity... Read more
Student-to-teacher ratio in Jasper County, Illinois over the last 9 years
Over the past nine years, Jasper County, Illinois experienced fluctuations in its student-to-teacher ratio. While some years, like 2016 and 2018, saw ratios well above the national average of 14 students per teacher, recent years have seen a sharp decline, with ratios dropping to around eleven students per teacher in 2022 and 2023. For potential investors or those considering a move, this could indicate improved classroom experiences and more personalized attention for students. Real estate agents may use this as a selling point for families seeking a better educational environment, while appraisers and insurance agents might see these trends as indicators of a community investing in education infrastructure. Construction companies and developers could also interpret these lower ratios as a potential draw for families, possibly influencing local housing market dynamics.
