Jersey County Real Estate and Livability Trends
Jersey County, Illinois is showing signs of economic growth with average taxable income rising from $52,000.20 in 2013 to $68,113.45 in 2021, potentially attracting new investors and residents. Despite this, increased tax burdens, with state and local income taxes jumping from $4,847.84 in 2012 to $7,946.15 in 2021, could impact cost of living. Home values in the county have experienced a... Read more
Jersey County Market Trends
Home values in Jersey County, Illinois have climbed from $124,300 in 2015 to $161,800 in 2022, reflecting a moderate 30% increase, which is less aggressive compared to statewide and national growth. This slower price escalation could make Jersey County an appealing option for buyers and investors. Energy tax credits per return saw a dramatic peak in 2018 at $2,400.00, perhaps indicating a rise in... Read more
Median Value of Occupied Housing Units in Jersey County, Illinois Over the Last 8 Years
Over the past eight years, median home values in Jersey County, Illinois have seen a steady rise, climbing from $124,300 in 2015 to $161,800 in 2022. This represents an overall increase of about 30%, which could indicate growing demand or increased property values in the area. Comparing this to statewide trends, where median home values rose from $173,800 in 2015 to $239,100 in 2022, Jersey County's growth is more moderate. Nationally, median home values escalated from $125,500 in 2015 to $179,400 in 2022. The slower growth in Jersey County compared to state and national levels might make it a more affordable option for buyers and investors considering the rising housing markets elsewhere.
Residential Energy Tax Credit Per Tax Return in Jersey County, IL Over the Last 9 Years
Jersey County, Illinois has seen a notable fluctuation in average residential energy tax credit per tax return over the past nine years. In 2013, the average stood at approximately $463.64, experiencing dips and peaks, with a significant rise in 2017 to $837.50 and a dramatic surge in 2018 to $2400.00. Although the average decreased in subsequent years, it still remained significantly higher than in earlier years. This trend could indicate growing homeowner investments in energy-efficient upgrades, possibly influenced by increasing environmental awareness or financial incentives. Those interested in real estate or property improvements in Jersey County might consider the potential benefits of such energy-saving investments.
Average Real Estate Taxes Per Tax Return in Jersey County, IL Over the Last 10 Years
Real estate taxes per tax return in Jersey County, Illinois, have shown a steady increase over the last decade. Interestingly, 2018 saw a notable jump to $4,756.76, maintaining similar levels through 2019. However, a significant rise to $5,096.55 in 2020 suggests escalation in property valuations or tax rates. Investors and homeowners should be aware of these potential tax liabilities when considering real estate in the area. Real estate agents, appraisers, and insurance agents may find this trend useful for forecasting and advising clients on future financial commitments.
Percentage of Farm Returns in Jersey County, IL Over the Last 10 Years
Over the past decade, Jersey County, Illinois, has seen farm tax returns hover around the 4.2% to 4.8% range of total tax returns. This relatively stable percentage might suggest a steady agricultural presence in the area, though a slight downward trend in recent years could indicate subtle shifts in the local economy or land use. For those considering investing, developing property, or moving to Jersey County, understanding this consistency in farm returns could be essential, reflecting a maintained yet possibly declining agricultural influence amidst broader economic dynamics in the region.
Number of Mortgages by Occupancy Type in Jersey County, IL Over the Last 5 Years in Jersey County
Over the past five years, Jersey County, Illinois, has seen notable fluctuations in mortgage counts by occupancy type. Principal residences consistently dominate mortgage activity, peaking at 1,191 in 2021, which could indicate a robust housing market geared toward owner-occupied homes. Investment properties and second residences, however, show relatively minimal change and lower counts, with investment properties ranging from 46 to 66 and second residences never exceeding 18. These patterns suggest that while Jersey County may be attractive as a primary living space, it might not be a hot spot for investors or those seeking vacation homes. Such trends can be crucial for investors assessing the return on rental properties, developers considering where to focus their efforts, and insurance agents analyzing risk profiles based on occupancy types.
Economic Outlook
In Jersey County, Illinois, the average taxable income per tax return has gradually increased from approximately $52,000.20 in 2013 to about $68,113.45 by 2021, hinting at economic growth that may attract investors and new residents. Despite the rising economic vitality, average state and local income taxes per tax return surged from $4,847.84 in 2012 to $7,946.15 in 2021, suggesting increased tax burdens that could impact cost of living and appeal. Additionally, the average total tax liability... Read more
Average Taxable Income per Tax Return in Jersey County, IL over the last 9 years
Jersey County, Illinois has seen a steady rise in average taxable income per tax return over the past nine years. Starting at roughly $52,000.20 in 2013, it has climbed to approximately $68,113.45 by 2021. This upward trend suggests a growing economic vitality in the area, which could appeal to potential investors, homebuilders, and new residents looking for favorable economic conditions.
Average State and Local Income Taxes Per Tax Return in Jersey County, IL Over the Last 10 Years
In Jersey County, Illinois, average state and local income taxes per tax return have seen a notable rise over the past decade. From $4,847.84 in 2012, the taxes increased slightly until 2015, before a marked rise to $7,350.00 in 2018, eventually reaching $7,946.15 in 2021. This trend indicates increasing tax burdens, potentially impacting the cost of living and investment attractiveness. For investors and potential residents, this upward trend in taxes can significantly influence budgeting and long-term financial planning.
Average Total Tax Liability Per Tax Return in Jersey County, IL Over the Last 10 Years
In Jersey County, Illinois, the average total tax liability per tax return has seen a steady increase over the past decade. From $7,180.10 in 2012 to $9,255.92 in 2021, there are fluctuations, but the overall trend is upward. Potential investors and residents might find this data significant as it could imply growing economic activity or changes in tax policies. Peaks in 2016 and 2017 suggest possible economic events or policy changes impacting taxpayers in those years. This pattern could be a critical factor for those weighing the financial implications of moving to or investing in the area.
Cost of Living in Jersey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $971 | $1,259 | $2,459 | $1,110 | $1,358 |
| 1 adult 4 children | $971 | $1,028 | $1,893 | $1,110 | $1,382 |
| 2 adults 3 children | $971 | $1,028 | $2,127 | $1,110 | $1,094 |
| 1 adult 3 children | $971 | $839 | $1,561 | $1,110 | $1,122 |
| 2 adults 2 children | $750 | $842 | $1,796 | $999 | $966 |
| 1 adult 2 children | $750 | $629 | $1,230 | $999 | $879 |
| 2 adults 1 child | $750 | $665 | $1,464 | $641 | $919 |
| 1 adult 1 child | $750 | $430 | $898 | $641 | $753 |
| 2 adults | $596 | $534 | $1,132 | $0 | $746 |
| 1 adult | $561 | $292 | $566 | $0 | $579 |
Safety trends & Data
Jersey County, Illinois, is experiencing varied shifts in property crime trends. Burglaries tripled from 4 in 2021 to 12 in 2022, raising potential security concerns. However, larceny-theft cases dropped significantly from 33 in 2021 to 18 in 2022, hinting at some success in theft prevention measures. Motor vehicle thefts and fraud also had declines, and embezzlement disappeared completely from reports in 2022, providing some optimism for property safety. Vandalism incidents saw a slight... Read more
Property Crime Trends in Jersey County, IL Over the Last 2 Years
Jersey County, Illinois has seen noticeable shifts in property crime over the last two years, with a mix of increasing and decreasing trends. Burglary incidents tripled from 4 in 2021 to 12 in 2022, indicating potential security concerns for property owners. Larceny-theft cases, while still the most frequent, dropped significantly—from 33 in 2021 to 18 in 2022—suggesting some success in theft prevention. Motor vehicle thefts and fraud also saw declines, while embezzlement disappeared entirely from the records in 2022. Vandalism incidents have slightly decreased, showing a modest improvement in community property protection.
Demographics
Jersey County, Illinois, showcases a near-even split between male and female residents, with a slight female majority. Education-wise, the majority hold a high school diploma or equivalent, and there's a notable share with some college education or an associate’s degree, indicating a moderately educated population. The age distribution highlights a significant number of residents in the 45-64 years bracket, suggesting an older demographic trend. Racially, the county is predominantly White,... Read more
Race Distribution in Jersey County, Illinois (2022)
Educational Attainment in Jersey County, Illinois (2022)
Age Distribution in Jersey County, Illinois
Citizen Population in Jersey County, Illinois (2022)
Political Trends & Data
In Jersey County, Illinois, the 2020 U.S. Presidential Election results indicate a strong conservative leaning, with the Republican party potentially securing around 73% of the vote and the Democratic party obtaining about 25%. This voting pattern might be consistent with broader regional trends in similar areas, suggesting a heavily Republican-leaning electorate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Jersey County, Illinois, the 2020 U.S. Presidential Election voting trends suggest a strong preference for the Republican party, with them possibly securing around 73% of the vote. The Democratic party might have garnered approximately 25%, while the remaining votes were split among Libertarian, Green, and other smaller parties. This data could imply that Jersey County leans heavily conservative, reflecting wider regional voting patterns in similar areas.
72.98% of voters voted for the Republican party in the 2020 Presidential Election
24.81% of voters voted for the Democrat party in the 2020 Presidential Election
1.69% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Green party in the 2020 Presidential Election
0.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
Jersey County, Illinois has experienced notable shifts in its student-to-teacher ratio, hitting a peak of 17:1 in 2016 and falling to just under 10:1 by 2023. This trend could appeal to homebuyers and families seeking enhanced educational environments due to the promise of more individualized attention. Real estate agents and investors might see this as a signal of the area’s growing desirability, while appraisers and insurance agents could consider it a factor affecting property values and... Read more
Student-to-teacher ratio in Jersey County, Illinois over the last 9 years
Jersey County, Illinois has seen notable fluctuations in its student-to-teacher ratio over the past nine years, reaching a high of 17 students per teacher in 2016 before dropping to just under 10 by 2023. This decrease can be particularly appealing for prospective homebuyers and families, as lower ratios often correlate with more individualized student attention and potentially higher educational quality. For real estate agents and investors, these changes indicate a potentially growing attractiveness of the area for families prioritizing education. Appraisers and insurance agents might also find this trend significant as it can influence property values and risk assessments.
