LaSalle County Real Estate and Livability Trends
In LaSalle County, Illinois, notable economic growth is reflected in the rise of average taxable incomes, from $51,872.41 in 2013 to $68,186.44 in 2021, suggesting increasing attractiveness for investors and new residents. Despite a conservative increase in median home values from $123,100 in 2015 to $147,400 in 2022, real estate taxes have surged, impacting housing affordability. A significant... Read more
LaSalle County Market Trends
LaSalle County, Illinois has experienced a relatively conservative increase in median home values from $123,100 in 2015 to $147,400 in 2022, contrasted by more significant appreciation statewide and nationally. Residential energy tax credits have seen notable fluctuations, spiking to over $1,750.00 in 2018 and settling at $861.54 in 2021, hinting at shifting incentives or trends in... Read more
Median Value of Occupied Housing Units in LaSalle County, Illinois Over the Last 8 Years
LaSalle County, Illinois has seen a relatively modest increase in median home values over the last eight years, from $123,100 in 2015 to $147,400 in 2022. This growth is more conservative compared to the statewide figures, where Illinois median home values jumped from $173,800 to $239,100 during the same period. At the national level, home values climbed from $125,500 to $179,400, outpacing LaSalle County but still trailing behind Illinois’ statewide surge. These trends suggest that while LaSalle County offers comparatively stable and affordable housing, it may present slower appreciation rates for investors compared to broader markets.
Residential Energy Tax Credit Per Tax Return in LaSalle County, IL Over the Last 9 Years
Over the last nine years, LaSalle County, Illinois has experienced a notable fluctuation in residential energy tax credits, with an average credit per tax return oscillating significantly. From a modest $250.32 in 2013, the value jumped to over $1,750.00 in 2018, indicating potential incentives or sudden increased adoption of energy-efficient upgrades by homeowners. This spike was followed by fluctuations, reaching $861.54 in 2021. These trends might suggest varying levels of governmental incentives or broader shifts in local investments in energy-efficient technologies. Such data would be of interest to potential investors, real estate developers, and policy planners aiming to align future developments with energy-saving trends in the region.
Average Real Estate Taxes Per Tax Return in LaSalle County, IL Over the Last 10 Years
LaSalle County, Illinois has seen a steady increase in average real estate taxes per tax return over the past decade, rising from $4,266.76 in 2012 to $6,305.68 in 2021. This upward trend indicates a growing tax burden for property owners, potentially impacting housing affordability and influencing decisions for prospective buyers, investors, and developers. The increase in taxes may also reflect higher property valuations or shifts in local government funding strategies. It’s a crucial factor for appraisers and insurance agents to consider when evaluating property costs and risks.
Percentage of Farm Returns in LaSalle County, IL Over the Last 10 Years
Farm tax returns in LaSalle County, Illinois have shown a generally slight declining trend over the past decade, starting at approximately 2.70% in 2012 and winding down to around 2.46% in 2021, with some minor fluctuations in between. A farm tax return is essentially a way for the government to track income, expenses, and financial viability of farms, which can provide insight into the health of the agricultural sector. This trend may suggest changes in farm profitability, potential shifts toward other forms of land use, or evolving agricultural practices in the county. Investors, developers, and residents might find these trends useful for understanding economic opportunities or challenges in the local farming industry.
Number of Mortgages by Occupancy Type in LaSalle County, IL Over the Last 5 Years in LaSalle County
The number of mortgages for principal residences in LaSalle County, Illinois has been consistently high over the past five years, peaking in 2021 with 4579 mortgages. Investment properties also saw a notable increase in the same year, reaching 316 mortgages. In contrast, second residences have consistently lower numbers, fluctuating between 61 and 120 mortgages. Variations in occupancy type like these can impact local market dynamics, affecting everything from property values to demand for amenities. Investors and real estate professionals should note these trends as they indicate potential shifts in the housing market and the types of properties being prioritized by buyers. Changes in occupancy patterns can also influence insurance rates and risk assessments in the area.
Economic Outlook
LaSalle County, Illinois has experienced a steadier increase in average taxable income per tax return, growing from $51,872.41 in 2013 to $68,186.44 in 2021, hinting at potential economic growth and possibly making the area more appealing to investors and new residents. The noticeable plateau in income from 2018 to 2020, followed by a rise in 2021, might suggest an upward trend post-pandemic. Concurrently, average state and local income taxes per return surged from $4,522.96 in 2016 to... Read more
Average Taxable Income per Tax Return in LaSalle County, IL over the last 9 years
Over the last nine years, LaSalle County, Illinois has generally experienced a steady increase in average taxable income per tax return, climbing from $51,872.41 in 2013 to $68,186.44 in 2021. This trend suggests potential economic growth, making it possibly attractive for investors and new residents considering the area. However, recent years show a plateau around $59,645.21 to $59,694.82 from 2018 to 2020 before the noticeable rise in 2021, which could indicate an upward trend post-pandemic.
Average State and Local Income Taxes Per Tax Return in LaSalle County, IL Over the Last 10 Years
LaSalle County, Illinois has seen a notable increase in average state and local income taxes per tax return over the last decade, with a low of $4,522.96 in 2016 surging to $8,566.67 in 2021. This upward trend, especially the significant jump starting in 2018, could indicate fiscal shifts, economic growth, or policy changes impacting taxpayers. For anyone considering investment, relocation, or property development in the area, understanding these dynamics is crucial for financial and strategic planning.
Average Total Tax Liability Per Tax Return in LaSalle County, IL Over the Last 10 Years
Over the last decade, LaSalle County, Illinois has seen a steady increase in average total tax liability per tax return, rising from $7,993.61 in 2012 to $9,991.27 in 2021. This trend suggests a growing financial responsibility for taxpayers in the area, which might be indicative of rising incomes or changes in tax policy. This data could potentially impact investment decisions, cost of living calculations, and property development plans, as increasing tax liabilities might affect overall affordability and economic dynamics in the county.
Cost of Living in LaSalle County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,200 | $1,468 | $2,569 | $1,058 | $1,519 |
| 1 adult 4 children | $1,200 | $1,199 | $1,970 | $1,058 | $1,558 |
| 2 adults 3 children | $1,200 | $1,199 | $2,227 | $1,058 | $1,251 |
| 1 adult 3 children | $1,200 | $979 | $1,627 | $1,058 | $1,270 |
| 2 adults 2 children | $886 | $982 | $1,884 | $959 | $1,040 |
| 1 adult 2 children | $886 | $733 | $1,285 | $959 | $953 |
| 2 adults 1 child | $886 | $776 | $1,541 | $640 | $990 |
| 1 adult 1 child | $886 | $501 | $942 | $640 | $803 |
| 2 adults | $673 | $623 | $1,199 | $0 | $788 |
| 1 adult | $669 | $340 | $599 | $0 | $615 |
Safety trends & Data
LaSalle County, Illinois has experienced notable shifts in property crime, with burglary incidents slightly down but larceny-theft spiking dramatically from 20.00 to 88.00. Motor vehicle theft rose modestly, and fraud cases more than doubled, while vandalism jumped from 17.00 to 47.00. For investors, residents, and real estate professionals, these trends might influence perceptions of safety and property value, signaling broader impacts on the local... Read more
Property Crime Trends in LaSalle County, IL Over the Last 2 Years
LaSalle County, Illinois has seen noticeable shifts in property crime over the past two years. While burglary incidents decreased slightly from 5.0 in 2021 to 4.0 in 2022, larceny-theft saw a substantial spike from 20.0 to 88.0. Motor vehicle theft also rose modestly, and cases of fraud more than doubled. Vandalism incidents increased from 17.0 to 47.0, indicating a broader trend of rising property crime in 2022. These trends could be significant for potential investors, residents, and professionals in real estate and insurance, as they impact perceptions of safety and property value.
Demographics
LaSalle County, Illinois, presents an intriguing snapshot of demographic shifts. The gender distribution is relatively balanced, with slightly more males than females. Educational attainment signals a workforce primarily anchored by high school graduates and those with some college experience, while bachelor's degree holders form a smaller contingent. Age-wise, there's a significant middle-aged population, hinting at stable family units but also an impending need for senior services as a... Read more
Race Distribution in LaSalle County, Illinois (2022)
Educational Attainment in LaSalle County, Illinois (2022)
Age Distribution in LaSalle County, Illinois
Citizen Population in LaSalle County, Illinois (2022)
Political Trends & Data
In La Salle County, Illinois, the 2020 U.S. Presidential Election results lean towards a Republican preference, with around 56% of the vote. Democratic candidates secured about 42%, while third-party contenders collectively managed barely over 1%. This voting pattern hints at a strong two-party system, with minimal third-party influence, shaping the county's political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In La Salle County, Illinois, the 2020 U.S. Presidential Election results indicate a potential Republican leaning, with approximately 56% of votes going to the Republican candidate. The Democratic candidate garnered about 42%, while minor parties such as the Libertarian and Green were substantially less influential, capturing roughly 1% and 0.5% respectively. This distribution could suggest a predominantly two-party dynamic within the county, with third-party candidates struggling to make significant inroads.
56.19% of voters voted for the Republican party in the 2020 Presidential Election
41.88% of voters voted for the Democrat party in the 2020 Presidential Election
1.26% of voters voted for the Livertarian party in the 2020 Presidential Election
0.48% of voters voted for the Green party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lasalle County, Illinois has seen its student-to-teacher ratio drop from nearly fifteen in 2014 to under eleven in 2023. This trend could offer a significant selling point for new residents and real estate investors, given that lower ratios often imply better educational quality. Appraisers and insurance agents might find this indicative of a stable or improving area, potentially affecting property values and insurance risk evaluations positively. Compared to the national average of fourteen,... Read more
Student-to-teacher ratio in Lasalle County, Illinois over the last 9 years
Over the past nine years, Lasalle County, Illinois has experienced a general decline in its student-to-teacher ratio, dropping from nearly fifteen in 2014 to just under eleven in 2023. This trend is significant for potential investors, new residents, and real estate professionals, as a lower student-to-teacher ratio can indicate more personalized attention for students and potential enhancements in educational quality. For appraisers and insurance agents, these trends might suggest a stable or improving educational environment, which could impact property values and insurance risk evaluations. Compared to the national average of fourteen students per teacher, Lasalle County's current ratio suggests a potential competitive edge in educational services.
