Livingston County Real Estate and Livability Trends
Livingston County, Illinois has seen its average taxable income rise dramatically from about $55,346.62 in 2013 to $72,104.48 in 2021, potentially indicating economic growth. Real estate values have steadily climbed from $107,200 in 2015 to $128,100 in 2022, which, despite staying below the state median of $239,100, present an attractive affordability factor. Property crime has spiked recently,... Read more
Livingston County Market Trends
Livingston County, Illinois, has witnessed a steady rise in median home values, climbing from $107,200 in 2015 to $128,100 in 2022, staying well below the state median of $239,100. This presents an appealing affordability factor for investors and new residents. The county's average residential energy tax credits have surged since 2018, reaching around $1,600, potentially indicating increased... Read more
Median Value of Occupied Housing Units in Livingston County, Illinois Over the Last 8 Years
Livingston County, Illinois, has seen a steady increase in median home values over the last eight years, rising from $107,200 in 2015 to $128,100 in 2022. This growth, while substantial, still places property values significantly lower compared to the state's 2022 median of $239,100 and the national median of $179,400. For potential investors or new residents, Livingston County could offer more affordable options with a positive growth trend, suggesting potential for value appreciation while remaining accessible compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Livingston County, IL Over the Last 9 Years
Livingston County, Illinois has seen a noticeable fluctuation in the average residential energy tax credit claimed per tax return over the past nine years. Between 2013 and 2017, amounts varied modestly from $240.63 to $431.25, but a significant surge occurred starting in 2018, peaking at $1,850.00. The figures have since steadied, oscillating around the mid-$1,600 range in more recent years. This trend could suggest growing investments in energy-efficient upgrades and renewable energy systems among homeowners or changing state and federal incentives, making it a potentially appealing area for energy-conscious buyers and investors.
Average Real Estate Taxes Per Tax Return in Livingston County, IL Over the Last 10 Years
Livingston County, Illinois has seen a steady increase in average real estate taxes over the past decade, rising from $3,879.62 in 2012 to $5,329.17 in 2021. This upward trend could indicate increasing property values, which may be of interest to potential homebuyers and investors. While higher taxes can affect affordability, they might also reflect enhancements in local infrastructure or amenities. Real estate agents, appraisers, and insurance agents could find these trends noteworthy for assessing market conditions and advising clients.
Percentage of Farm Returns in Livingston County, IL Over the Last 10 Years
In Livingston County, Illinois, the last decade has shown a slight fluctuation in the percentage of farm tax returns. These returns hovered around 6.8% in 2012, marginally decreasing over time but not deviating significantly, except for a few peaks and dips. Notably, 2020 marked a subtle decline to 6.38%, potentially indicating economic changes or farming challenges. For those eyeing property investments, relocating, or simply intrigued by the agricultural landscape, these numbers might provide insights into the stability and performance of the farming sector in the region. Farm tax returns are essentially filings by farm owners, reflecting income earned from agricultural activities, offering a lens into local agriculture’s financial health.
Number of Mortgages by Occupancy Type in Livingston County, IL Over the Last 5 Years in Livingston County
Over the past five years in Livingston County, Illinois, mortgage activity for principal residences consistently dominated the market, showing significant fluctuation but generally high counts. Investment properties experienced modest growth, whereas second residences remained negligible throughout. These trends suggest potential shifts in residential preferences and stability in the investment property sector. Principal residence numbers could indicate evolving living patterns, highlighting opportunities or challenges for new housing developments, lending strategies, appraisals, and insurance assessments. For prospective investors or real estate agents, this data underscores the importance of aligning with local demand to optimize returns and service satisfaction.
Economic Outlook
Livingston County, Illinois has seen its average taxable income per tax return climb from roughly $55,346.62 in 2013 to $72,104.48 in 2021, with a major boost between 2020 and 2021 hinting at economic growth or other favorable financial conditions. Meanwhile, average state and local income taxes per tax return have surged from $5,129.43 in 2012 to a high of $7,944.00 in 2021, underscoring an increased tax burden particularly evident since 2018. Average total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Livingston County, IL over the last 9 years
Livingston County, Illinois has shown a consistent upward trend in average taxable income per tax return over the last nine years. From 2013 to 2021, there's been a notable increase from approximately $55,346.62 to $72,104.48. Even more interesting, the most significant jump appears to have occurred between 2020 and 2021, suggesting potential economic growth or other positive financial influences in the area. Those looking to invest, move to, or develop property in Livingston County might find the steadily rising income levels promising for future financial opportunities.
Average State and Local Income Taxes Per Tax Return in Livingston County, IL Over the Last 10 Years
Over the last decade, Livingston County, Illinois, has seen significant fluctuations in average state and local income taxes per tax return. Rising dramatically from $5,129.43 in 2012 to peak at $7,944.00 in 2021, the data indicates a notable trend, especially from 2018 onwards where a steep increase begins with $6,618.64, reaching a high of $7,901.67 in 2019 before stabilizing slightly. This escalation likely influences the financial landscape for existing residents and potential investors or property developers. Understanding this tax burden is crucial for financial planning and long-term investment strategies in the area.
Average Total Tax Liability Per Tax Return in Livingston County, IL Over the Last 10 Years
Livingston County, Illinois has experienced fluctuations in average total tax liability per tax return over the last decade, with figures generally hovering between $8,600.00 and $9,300.00. Notable upticks occurred in 2016 and 2021, with the latter reaching an all-time high of approximately $10,675.93. This variability in tax liability could impact financial planning for current and prospective residents and investors, as it reflects both economic shifts and potential policy changes in the area.
Cost of Living in Livingston County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,098 | $1,412 | $2,436 | $1,058 | $1,392 |
| 1 adult 4 children | $1,098 | $1,153 | $1,867 | $1,058 | $1,433 |
| 2 adults 3 children | $1,098 | $1,153 | $2,111 | $1,058 | $1,142 |
| 1 adult 3 children | $1,098 | $941 | $1,542 | $1,058 | $1,163 |
| 2 adults 2 children | $834 | $944 | $1,787 | $959 | $985 |
| 1 adult 2 children | $834 | $705 | $1,218 | $959 | $891 |
| 2 adults 1 child | $834 | $746 | $1,462 | $640 | $943 |
| 1 adult 1 child | $834 | $482 | $893 | $640 | $752 |
| 2 adults | $644 | $599 | $1,138 | $0 | $741 |
| 1 adult | $630 | $327 | $569 | $0 | $592 |
Safety trends & Data
Livingston County, Illinois has noted a spike in property crime over the past two years. From relatively low numbers in 2021 (larceny-theft at 4, motor vehicle theft at 2, vandalism at 1), the rates in 2022 surged with larceny-theft at 23, burglaries at 11, and vandalism at 12. Motor vehicle thefts saw a minimal decrease, yet new crimes like fraud and embezzlement emerged. This pattern may affect property values and insurance premiums, making awareness vital for investors, real estate agents,... Read more
Property Crime Trends in Livingston County, IL Over the Last 2 Years
Livingston County, Illinois has seen a noticeable increase in property crime over the last two years. In 2021, incidents were relatively low with larceny-theft at 4, motor vehicle theft at 2, and vandalism at 1. By 2022, these numbers rose significantly with larceny-theft jumping to 23, burglaries reaching 11, and vandalism hitting 12. While motor vehicle thefts decreased slightly, other crimes like fraud and embezzlement appeared for the first time. This trend could influence property values and insurance premiums, making it crucial for potential investors, real estate agents, and residents to stay informed.
Demographics
Livingston County, Illinois exhibits a nearly balanced gender distribution among adults, with males slightly outnumbering females. The population's educational attainment reveals a strong leaning towards high school graduates, some college education, or associate degrees, while those with graduate or professional degrees represent a smaller segment. Age distribution shows a significant portion of the population in the 25-64 year range, indicating an active workforce presence, though there is... Read more
Race Distribution in Livingston County, Illinois (2022)
Educational Attainment in Livingston County, Illinois (2022)
Age Distribution in Livingston County, Illinois
Citizen Population in Livingston County, Illinois (2022)
Political Trends & Data
Livingston County, Illinois, tends to lean Republican, with the GOP likely capturing about 71% of the vote in the 2020 presidential election. This suggests a strong conservative base, which could influence local real estate policies and development trends. The Democratic slice of the vote, roughly 27%, indicates a smaller but present liberal demographic, potentially shaping niche markets. Minor party support appears minimal, reflecting limited influence on the broader political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Livingston County, Illinois, appears to have skewed heavily Republican in the 2020 U.S. Presidential Election, with Republican votes likely comprising around 71% of the total. Democratic support seems notably lower, potentially around 27%, while minor parties like the Libertarian and Green parties garnered minimal percentages, suggesting limited impact. This distribution might reflect broader regional political dynamics, which could be critical for understanding local policy preferences and electoral strategies.
71.08% of voters voted for the Republican party in the 2020 Presidential Election
26.87% of voters voted for the Democrat party in the 2020 Presidential Election
1.42% of voters voted for the Livertarian party in the 2020 Presidential Election
0.43% 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
Livingston County, Illinois has experienced notable changes in its student-to-teacher ratios, peaking at 23 students per teacher in 2014 and dropping significantly to 9 by 2022. This trend could signal to investors and families an improvement in educational quality, as the average national student-to-teacher ratio is around 14. Real estate agents might emphasize smaller class sizes as a key selling point, while appraisers and insurance agents could factor this into property values and risks.... Read more
Student-to-teacher ratio in Livingston County, Illinois over the last 9 years
Livingston County, Illinois has seen significant fluctuations in the student-to-teacher ratio over the past nine years, with a notable high of 23 students per teacher in 2014, which sharply declined to around 12 by 2015. Since then, the ratio has generally trended downward, reaching its lowest at 9 in 2022 and slightly increasing to nearly 10 in 2023. This pattern suggests a movement towards smaller class sizes, which investors and families may view as a sign of improving educational quality compared to the national average of 14 students per teacher. Real estate agents might highlight this as an attractive feature for potential homebuyers, while appraisers and insurance agents can consider this trend when assessing property values and risks. Lower student-to-teacher ratios can indicate a higher level of attention per student, potentially boosting a location’s appeal for those prioritizing education.
