Lee County Real Estate and Livability Trends
Lee County, Illinois, has shown a noticeable rise in median home values, jumping from $127,700 in 2021 to $147,100 in 2022, hinting at growing investment potential or increased demand. The average real estate taxes have also increased from $3,664.86 in 2012 to $5,132.61 in 2021, likely reflecting higher property values or adjusted tax rates. Additionally, a peak in mortgage counts for principal... Read more
Lee County Market Trends
Lee County, Illinois, has shown a steady increase in median home values with a significant surge from $127,700 in 2021 to $147,100 in 2022, hinting at growing appeal or investment potential. An unexpected spike in average residential energy tax credits to $4,150 in 2018 suggests a trend toward energy-efficient home improvements. The increase in average real estate taxes from $3,664.86 in 2012 to... Read more
Median Value of Occupied Housing Units in Lee County, Illinois Over the Last 8 Years
Over the past 8 years, Lee County, Illinois has seen a consistent rise in median home values, culminating in a significant jump from $127,700 in 2021 to $147,100 in 2022. While still catching up to the state average of $239,100 and the national median of $179,400 for the same year, Lee County's increase could indicate a growing appeal or investment potential within the area. For those looking to invest or move to Lee County, this trend might suggest an upward trajectory in property valuation, potentially offering more affordability relative to broader markets in Illinois and the U.S. overall.
Residential Energy Tax Credit Per Tax Return in Lee County, IL Over the Last 9 Years
Lee County, Illinois has seen significant fluctuations in average residential energy tax credits per tax return over the past nine years. While the early years saw relatively moderate averages hovering around $300 to $400, a sharp spike occurred in 2018 with an average credit of $4150. This dramatic increase could signal heightened investment in energy-efficient home improvements, potentially attractive to environmentally conscious buyers. Subsequent years showed more modest but elevated figures, indicating sustained interest in energy efficiencies. Investors and builders might deduce that there's an ongoing local trend toward green upgrades, presenting opportunities for those involved in sustainable housing.
Average Real Estate Taxes Per Tax Return in Lee County, IL Over the Last 10 Years
Over the past decade, Lee County, Illinois has seen a notable increase in average real estate taxes per tax return, starting from approximately $3,664.86 in 2012 and peaking at around $5,361.54 in 2020. Though there was a slight dip to $5,132.61 in 2021, this overall upward trend might indicate rising property values or tax rate changes, which could impact decisions for prospective homebuyers, real estate investors, appraisers, and insurance agents in the area. This pattern is essential for anyone looking to invest in property or move to the county, suggesting a dynamic real estate market.
Percentage of Farm Returns in Lee County, IL Over the Last 10 Years
Farm tax returns in Lee County, Illinois showed modest fluctuations over the past decade, ranging from approximately 3.85% to 4.65%. Although there was a slight decrease in the more recent years, the data underscores the county's consistent agricultural activity, which can indicate a stable local farming economy. Such trends might interest potential investors or those looking to build property, as the agricultural sector's steadiness could suggest a resilient economic foundation in the area.
Number of Mortgages by Occupancy Type in Lee County, IL Over the Last 5 Years in Lee County
Lee County, Illinois has seen varied trends in mortgage counts across different occupancy types over the last five years. Principal Residence mortgages have fluctuated notably, peaking in 2021 at 1,148 before dropping to 798 in 2022. Investment Property mortgages remained relatively stable but slightly trended upward from 45 in 2018 to 67 in 2022. Second Residences have consistently held the lowest figures, with minor fluctuations. These changes could signal shifts in the residential landscape, impacting potential investors and homeowners by indicating market demand and stability. For appraisers, developers, and insurance agents, understanding these shifts is crucial for accurate valuations, risk assessments, and strategic planning.
Economic Outlook
Lee County, Illinois has been experiencing a steady rise in average taxable income per tax return, from $52,712.39 in 2013 to $68,817.65 in 2021, possibly indicating improved economic opportunities in the region. At the same time, state and local income taxes have nearly doubled, increasing from $4,928.33 in 2012 to $9,542.86 in 2021, which could be a significant consideration for potential investors and residents. The average total tax liability also shows an upward trend, peaking at $9,930.53... Read more
Average Taxable Income per Tax Return in Lee County, IL over the last 9 years
Over the past nine years, Lee County, Illinois has seen a steady increase in average taxable income per tax return, growing from approximately $52,712.39 in 2013 to around $68,817.65 in 2021. This upward trend suggests that economic opportunities in the region may be improving, making it potentially attractive for investors and new residents. Notable upticks in yearly averages, especially the sharp rise observed between 2019 and 2021, could indicate robust local economic growth or increased earnings potential.
Average State and Local Income Taxes Per Tax Return in Lee County, IL Over the Last 10 Years
Over the past decade in Lee County, Illinois, there has been a noticeable increase in average state and local income taxes per tax return, rising from $4928.33 in 2012 to $9542.86 in 2021. The sharpest jumps occurred between 2017 and 2018 and continued to rise steeply through 2021. This trend highlights significant tax hikes that potential investors, residents, and property developers should consider when evaluating the economic landscape and cost of living in the area.
Average Total Tax Liability Per Tax Return in Lee County, IL Over the Last 10 Years
Over the past decade, average total tax liability per tax return in Lee County, Illinois, generally trended upward, with figures starting at $8,319.00 in 2012 and peaking at $9,930.53 in 2021. Notable fluctuations include a slight dip in 2018 and a significant spike in 2021. Such trends might suggest changes in local economic conditions or tax policies, making this data crucial for potential investors and residents evaluating the financial landscape and cost implications.
Cost of Living in Lee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,100 | $1,404 | $2,574 | $1,058 | $1,436 |
| 1 adult 4 children | $1,100 | $1,146 | $1,974 | $1,058 | $1,471 |
| 2 adults 3 children | $1,100 | $1,147 | $2,231 | $1,058 | $1,178 |
| 1 adult 3 children | $1,100 | $936 | $1,631 | $1,058 | $1,192 |
| 2 adults 2 children | $774 | $939 | $1,888 | $959 | $985 |
| 1 adult 2 children | $774 | $701 | $1,287 | $959 | $881 |
| 2 adults 1 child | $774 | $742 | $1,544 | $640 | $939 |
| 1 adult 1 child | $774 | $479 | $944 | $640 | $741 |
| 2 adults | $650 | $596 | $1,201 | $0 | $756 |
| 1 adult | $531 | $325 | $600 | $0 | $566 |
Demographics
Lee County, Illinois showcases a skewed male-to-female ratio, with males making up a larger proportion of the adult population. Educational attainment trends reveal a significant portion of residents have completed high school, but fewer hold a bachelor's or advanced degree. Age distribution data hints at a relatively balanced spread across different age groups, although there is a noticeable drop among the youngest and oldest segments. Racially, the county is predominately White, with small... Read more
Race Distribution in Lee County, Illinois (2022)
Educational Attainment in Lee County, Illinois (2022)
Age Distribution in Lee County, Illinois
Citizen Population in Lee County, Illinois (2022)
Political Trends & Data
Lee County, Illinois, leaned significantly Republican in the 2020 U.S. Presidential Election, with Republicans potentially capturing around 59% of the vote and Democrats about 39%. Third-party support, including Libertarians and the Green Party, appeared minimal, suggesting a strong two-party preference. This pattern hints at a predominantly conservative voter base, which could influence local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lee County, Illinois, appears to have leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans likely capturing around 59% of the vote. Democrats seem to have secured roughly 39%, indicating a significant gap between the two major parties. Support for third parties, including Libertarians, the Green Party, and others, was minimal, possibly reflecting a strong two-party preference among voters in this county. These trends might suggest a predominantly conservative voter base in this region.
58.73% of voters voted for the Republican party in the 2020 Presidential Election
39.07% of voters voted for the Democrat party in the 2020 Presidential Election
1.40% of voters voted for the Livertarian party in the 2020 Presidential Election
0.59% 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
Lee County, Illinois boasts a student-to-teacher ratio hovering between 11 and 13 over the past nine years, consistently beating the national average of 14. This lower ratio may imply better educational outcomes and more personalized attention for students. Such educational quality likely enhances the county's attractiveness for families, potentially driving demand in the real estate market. Appraisers and insurance agents might view this stable trend as signaling a solid, high-demand... Read more
Student-to-teacher ratio in Lee County, Illinois over the last 9 years
The student-to-teacher ratio in Lee County, Illinois has consistently remained below the national average of 14 students per teacher over the last nine years. With ratios fluctuating between approximately 11 and 13, the lower ratios in Lee County may suggest more personalized attention for students compared to broader U.S. norms. For real estate investors and individuals considering a move to the area, this could imply better educational outcomes, making the county more attractive for families. Similarly, appraisers and insurance agents might see these trends as indicative of a stable, potentially high-demand market due to appealing school conditions.
