Jo Daviess County Real Estate and Livability Trends
Jo Daviess County, Illinois, has seen a notable rise in average taxable income per tax return, moving from $48,741.57 in 2013 to $72,075.19 in 2021, hinting at enhanced economic stability and job opportunities. Average state and local income taxes per tax return surged, peaking at $12,990.70 in 2020, possibly due to rising incomes or shifting tax policies. The county's median home values lag... Read more
Jo Daviess County Market Trends
Jo Daviess County, Illinois' median home values have been trailing both the state and national averages, moving from $138,900 in 2015 to $179,300 by 2022. This comparatively lower growth suggests more accessible entry prices but slower appreciation rates. The county experienced a notable spike in residential energy tax credits, peaking at $4,433.33 in 2018, indicating a significant increase in... Read more
Median Value of Occupied Housing Units in Jo Daviess County, Illinois Over the Last 8 Years
Jo Daviess County, Illinois' median home values have generally trailed behind both the state and national averages over the last eight years. Starting at $138,900 in 2015, the county saw a steady but modest increase to $179,300 by 2022. This contrasts with Illinois, which began at $173,800 and surged to $239,100; and the national trend, which saw values rise from $125,500 to $179,400 in the same period. For potential investors or homebuyers, this relatively lower growth in Jo Daviess County may point to more accessible entry prices, though it could also suggest slower appreciation rates compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Jo Daviess County, IL Over the Last 9 Years
Over the past nine years, residents in Jo Daviess County, Illinois, have seen substantial shifts in their average residential energy tax credits per tax return, peaking rather dramatically in 2018 at $4,433.33. This spike might suggest a significant increase in residential energy-efficient upgrades during that time, which could be of interest to those in real estate and home improvement businesses. Although the value has somewhat decreased post-2018, the numbers still remain considerably higher than earlier years, indicating a sustained interest in energy efficiency. This trend could hold valuable insights for investors and property developers eyeing energy-efficient projects in the region.
Average Real Estate Taxes Per Tax Return in Jo Daviess County, IL Over the Last 10 Years
Over the last decade, Jo Daviess County, Illinois has shown a notable upward trend in average real estate taxes per tax return. Starting at $4,207.90 in 2012, the figure has climbed steadily, peaking at $7,539.62 in 2020 before slightly dipping to $6,980.77 in 2021. This upward trajectory could suggest increasing property values or changes in tax rates, which might be important for potential investors, real estate agents, and insurers to monitor closely. Potential homeowners and current residents should consider these shifts when assessing long-term financial commitments in the county.
Percentage of Farm Returns in Jo Daviess County, IL Over the Last 10 Years
Jo Daviess County, Illinois, shows variability in the percentage of farm tax returns over the last decade, starting at roughly 6.68% in 2012 and experiencing slight fluctuations, with the most recent data from 2021 indicating around 6.26%. Farm tax returns reflect the financial health and activity level in the agricultural sector, providing crucial insights for investors, real estate developers, and potential residents. These trends can suggest stability or volatility in local farming operations, influencing decisions regarding property investments or relocations in the county.
Number of Mortgages by Occupancy Type in Jo Daviess County, IL Over the Last 5 Years in Jo Daviess County
Jo Daviess County, Illinois, has seen fluctuations in mortgage counts across different occupancy types over the last five years. Principal residences consistently dominate the market, peaking in 2021 with 974 mortgages, possibly due to favorable lending conditions. Meanwhile, second residences saw a significant uptick in 2021, highlighting a trend towards vacation or alternative homes. Investment property mortgages remain relatively stable but less prominent. These shifts suggest a robust interest in both primary homes and second residences, making the county an intriguing option for investors and homebuyers alike. For real estate professionals, understanding these dynamics can inform strategic decisions, from property valuations to targeted marketing.
Economic Outlook
Jo Daviess County, Illinois, has shown a consistent increase in average taxable income per tax return, jumping from $48,741.57 in 2013 to $72,075.19 in 2021. This trend could point to rising economic stability and job opportunities, potentially making the county more appealing for investment and relocation. Additionally, average state and local income taxes per tax return surged from $5,859.17 in 2012 to a peak of $12,990.70 in 2020, which may imply rising incomes or shifting tax policies.... Read more
Average Taxable Income per Tax Return in Jo Daviess County, IL over the last 9 years
Jo Daviess County, Illinois, has seen a notable upward trend in average taxable income per tax return over the past nine years, with figures rising from $48,741.57 in 2013 to $72,075.19 in 2021. This consistent increase potentially points to growing economic stability and affluence in the area, making it an attractive prospect for investors and those considering relocation or property development. Such financial trends may hint at enhanced job opportunities and possibly an expanding local economy, which could be crucial for strategic planning and investments.
Average State and Local Income Taxes Per Tax Return in Jo Daviess County, IL Over the Last 10 Years
Over the last decade, Jo Daviess County, Illinois, has seen significant fluctuations in average state and local income taxes per tax return. Starting at $5,859.17 in 2012, these taxes peaked dramatically in 2020 at $12,990.70, highlighting a steep rise especially post-2018. This sharp increase could indicate rising incomes or changes in tax policies. For those eyeing investment or relocation, understanding these trends can provide a clearer picture of the region's economic landscape and potential tax obligations.
Average Total Tax Liability Per Tax Return in Jo Daviess County, IL Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Jo Daviess County, Illinois, generally trended upward, albeit with some annual fluctuations. While 2013 saw a drop to $8,025.85, the overall increase is evident, culminating in a notable rise to $11,851.00 by 2021. This rise could signal increasing property values or higher income levels, suggesting potential economic growth in the area. For investors, relocating residents, or those considering property development, this trend may reflect a robust, albeit gradually rising tax environment.
Cost of Living in Jo Daviess County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $979 | $1,432 | $2,574 | $1,058 | $1,433 |
| 1 adult 4 children | $979 | $1,169 | $1,974 | $1,058 | $1,467 |
| 2 adults 3 children | $979 | $1,170 | $2,231 | $1,058 | $1,171 |
| 1 adult 3 children | $979 | $955 | $1,631 | $1,058 | $1,183 |
| 2 adults 2 children | $774 | $957 | $1,888 | $959 | $1,020 |
| 1 adult 2 children | $774 | $715 | $1,287 | $959 | $927 |
| 2 adults 1 child | $774 | $757 | $1,544 | $640 | $970 |
| 1 adult 1 child | $774 | $489 | $944 | $640 | $783 |
| 2 adults | $644 | $608 | $1,201 | $0 | $794 |
| 1 adult | $578 | $332 | $600 | $0 | $599 |
Demographics
Jo Daviess County, Illinois, shows a nearly even gender distribution among adults. The majority of residents possess at least a high school diploma, with significant numbers holding bachelor’s or graduate degrees. The population includes a notable proportion of older adults, particularly those aged 55 to 74. The racial composition is predominantly White, with smaller minority populations. These trends suggest a well-educated, predominantly older population with limited racial... Read more
Race Distribution in Jo Daviess County, Illinois (2022)
Educational Attainment in Jo Daviess County, Illinois (2022)
Age Distribution in Jo Daviess County, Illinois
Citizen Population in Jo Daviess County, Illinois (2022)
Political Trends & Data
Jo Daviess County, Illinois, appears to have a significant Republican inclination, with approximately 57% of votes cast in the 2020 U.S. Presidential Election favoring the GOP. Democrats possibly garnered just over 40%, suggesting a sizable conservative majority. Libertarian and Green parties likely had minimal influence, collectively earning slightly more than 1% of the vote. This trend potentially signals a strong Republican foothold with small, dispersed segments of liberal and independent... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Jo Daviess County, Illinois, may have shown a considerable leaning towards Republican candidates during the 2020 U.S. Presidential Election, with nearly 57% of the votes. Democrats seemed to trail behind, pulling in just over 40%. Minor parties like the Libertarian and Green parties perhaps made nominal impacts, with Libertarians garnering about 1% of the vote and Greens less than half a percent. This data potentially highlights a predominantly red precinct with scattered pockets of liberal and independent voters.
57.35% of voters voted for the Republican party in the 2020 Presidential Election
40.89% of voters voted for the Democrat party in the 2020 Presidential Election
1.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.49% of voters voted for the Green party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
Jo Daviess County, Illinois has seen a steady decline in its student-to-teacher ratio, dropping from 13 students per teacher in 2014 to around 10 in 2023, even hitting 9 in 2022. This trend could appeal to families prioritizing smaller class sizes, which might be linked to stronger educational outcomes. Real estate agents can use this as a selling point, while property developers and other stakeholders might consider it a sign of a stable and desirable... Read more
Student-to-teacher ratio in Jo Daviess County, Illinois over the last 9 years
Jo Daviess County, Illinois has consistently maintained a student-to-teacher ratio below the national average over the past nine years. Notably, the ratio has shown a general downward trend from 13 students per teacher in 2014 to around 10 in 2023, even dipping to 9 in 2022. For investors, this could imply a potential draw for families prioritizing smaller class sizes, which are often linked to better student outcomes. Real estate agents might flag this as a selling point to families, while insurance agents, appraisers, and property developers might see it supporting stable, desirable community development.
