Logan County Real Estate and Livability Trends
Logan County, Illinois is showing a steady climb in average taxable income, jumping from around $53,060.83 in 2013 to $64,729.16 in 2021, suggesting potential economic strengthening. Median home values are significantly lower at $118,200 in 2022 compared to the Illinois state median of $239,100, indicating more affordable real estate options. Interestingly, residential energy tax credits peaked... Read more
Logan County Market Trends
Logan County's median home value hit $118,200 in 2022, which is considerably lower than the Illinois state median of $239,100 and the national median of $179,400. This suggests more affordable entry points into the real estate market. Residential energy tax credits have fluctuated significantly, peaking at $2,050.00 in 2018 and indicating a trend towards energy-efficient investments. Real estate... Read more
Median Value of Occupied Housing Units in Logan County, Illinois Over the Last 8 Years
Logan County's median home values have shown a steady increase over the last eight years, reaching $118,200 in 2022. This growth, while substantial, remains significantly lower than both the Illinois state median of $239,100 and the national median of $179,400 for the same year. For investors and those considering relocating, Logan County could offer more affordable entry points into the market compared to broader state and national levels.
Residential Energy Tax Credit Per Tax Return in Logan County, IL Over the Last 9 Years
Residential energy tax credits per tax return in Logan County, Illinois have experienced significant fluctuations over the past nine years. After a steady range from 2013 to 2016 with an average below $550.00, there was a sharp increase to $2,050.00 in 2018. Although this surged dipped to $1,340.00 in 2019 and later to $857.14 by 2021, it suggests growing investments in energy-efficient upgrades. This trend could attract investors and real estate agents seeking properties with potential energy savings and increased property values. Additionally, appraisers and insurance agents may find this data useful for evaluating risk and value related to sustainable features in homes.
Average Real Estate Taxes Per Tax Return in Logan County, IL Over the Last 10 Years
The average real estate taxes per tax return in Logan County, Illinois, have shown a gradual increase over the past decade, starting from $2,990.57 in 2012 and rising to $4,663.64 by 2021. This upward trend indicates a steady growth in property values or adjustments in tax rates, suggesting a potentially attractive market for property investments. Higher taxes could correlate with enhanced community services and infrastructure, factors that prospective residents and investors often weigh. However, this trend may also impact affordability, making it crucial for potential buyers and real estate professionals to consider these costs in their financial planning.
Percentage of Farm Returns in Logan County, IL Over the Last 10 Years
Over the last decade, the percentage of farm returns in Logan County, Illinois has shown a general decline, starting at around 4.55% in 2012 and dropping to roughly 4.02% by 2021. Notably, there was a brief increase between 2020 and 2021, from around 3.85% to 4.02%. A farm tax return essentially reflects taxable income from farming activities, which can be influenced by various factors like crop yield, market prices, and economic conditions. For prospective investors or those eyeing real estate opportunities, understanding these patterns might offer a glimpse into the agricultural vitality and economic shifts in the region.
Number of Mortgages by Occupancy Type in Logan County, IL Over the Last 5 Years in Logan County
Logan County, Illinois has seen a notable uptick in the number of mortgages for principal residences over the past five years, peaking at 1,201 in 2021, while investment property mortgages have remained relatively stable, fluctuating around the 40-50 range. Mortgages for second residences are minimal but show a slight increase, particularly in 2021. Changing occupancy types can inform investment strategies, insurance premiums, property appraisals, and development planning, as they reflect shifting buyer preferences and economic conditions in the area. This data also proves beneficial for real estate agents and residents to understand market dynamics and housing demand trends.
Economic Outlook
Logan County, Illinois has experienced a steady climb in average taxable income per tax return, jumping from around $53,060.83 in 2013 to $64,729.16 in 2021, which could indicate a stronger local economy. This rise could make the area more appealing for investors and new residents. Meanwhile, state and local income taxes have fluctuated, peaking at $7,056.67 in 2020, potentially affecting overall cost of living. The average total tax liability also saw a notable increase in 2021, reaching... Read more
Average Taxable Income per Tax Return in Logan County, IL over the last 9 years
Over the past nine years, Logan County, Illinois has seen a steady increase in average taxable income per tax return, which climbed from roughly $53,060.83 in 2013 to $64,729.16 in 2021. Notably, a significant jump occurred post-2017, with 2018's average income reaching $56,845.32 and continuing to rise sharply thereafter. This upward trend may suggest an improving local economy and potentially makes Logan County a more attractive spot for investors, new residents, and those looking to build property.
Average State and Local Income Taxes Per Tax Return in Logan County, IL Over the Last 10 Years
Over the last decade, Logan County, Illinois has seen notable fluctuations in average state and local income taxes per tax return, with a low of $4,017.93 in 2016 and a high of $7,056.67 in 2020. These variations reflect broader economic trends and may impact decisions related to investment and property development in the area. The significant increase in recent years could influence the overall cost of living and financial planning for current and potential residents.
Average Total Tax Liability Per Tax Return in Logan County, IL Over the Last 10 Years
The average total tax liability per tax return in Logan County, Illinois has seen a fluctuating trend over the past decade, hovering around the $7,800 to $8,000 mark with occasional dips and spikes. Noteworthy is the significant increase in 2021, reaching approximately $8,653.92, indicating a possible rise in taxable income or changes in taxation policies. This variability could potentially interest investors and prospective homeowners by suggesting economic shifts in the region. Understanding these trends might be valuable for financial planning and investment strategies within Logan County.
Cost of Living in Logan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,111 | $1,339 | $2,409 | $1,058 | $1,334 |
| 1 adult 4 children | $1,111 | $1,094 | $1,846 | $1,058 | $1,377 |
| 2 adults 3 children | $1,111 | $1,094 | $2,088 | $1,058 | $1,095 |
| 1 adult 3 children | $1,111 | $893 | $1,525 | $1,058 | $1,116 |
| 2 adults 2 children | $837 | $896 | $1,767 | $959 | $951 |
| 1 adult 2 children | $837 | $669 | $1,204 | $959 | $853 |
| 2 adults 1 child | $837 | $708 | $1,446 | $640 | $915 |
| 1 adult 1 child | $837 | $457 | $884 | $640 | $732 |
| 2 adults | $657 | $569 | $1,126 | $0 | $722 |
| 1 adult | $653 | $310 | $563 | $0 | $587 |
Safety trends & Data
Property crime in Logan County, Illinois, has shown notable fluctuations over the past three years. Burglary incidents have jumped from 2.00 in 2020 to 15.00 in 2022, and although larceny-theft peaked at 56.00 in 2021, it slightly decreased to 48.00 in 2022. Fraud cases rose sharply from 2.00 in 2021 to 8.00 in 2022, and vandalism reports remained relatively consistent, hitting a high of 8.00 in 2022. These trends suggest varying risks for investors and real estate agents evaluating the area's... Read more
Property Crime Trends in Logan County, IL Over the Last 3 Years
Property crime trends in Logan County, Illinois over the past three years indicate significant fluctuations. Burglary incidents increased from 2.00 in 2020 to 15.00 in 2022, while Larceny-Theft spiked to a high of 56.00 in 2021 before slightly decreasing to 48.00 in 2022. Noteworthy is the rise in fraud cases from 2.00 in 2021 to 8.00 in 2022 and consistent vandalism reports with a high of 8.00 in 2022. These trends highlight varying levels of property crime which stakeholders such as investors and real estate agents should consider when assessing the locale.
Demographics
Logan County, Illinois, presents a balanced demographic with a slight majority of females over males. Educational attainment reveals a significant portion of the population has either completed high school or attended some college, but there's a relatively small proportion of individuals holding advanced degrees. The age distribution skews towards the middle-age groups, especially those aged 35 to 64, suggesting a stable workforce. The racial demographics indicate a predominantly White... Read more
Race Distribution in Logan County, Illinois (2022)
Educational Attainment in Logan County, Illinois (2022)
Age Distribution in Logan County, Illinois
Citizen Population in Logan County, Illinois (2022)
Political Trends & Data
Logan County, Illinois, showed a predominant Republican preference in the 2020 U.S. Presidential Election, with roughly 69% of votes likely going to the Republican Party. In comparison, Democrats seemed to secure less than 29% of the votes, suggesting a significant partisan gap. Minor parties had minimal influence, indicating a strong two-party system in the area. This trend could mirror rural political leanings in Illinois or be unique to Logan County's local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Logan County in Illinois leaned heavily Republican in the 2020 U.S. Presidential Election, with almost 69% of the votes potentially going to the Republican Party. Democrats seemed to trail significantly, capturing just under 29% of the votes. Minor parties like the Libertarian and Green parties, along with other candidates, collectively appeared to garner only a small fraction of the vote, suggesting a strong two-party preference among the electorate. This trend might reflect broader political inclinations in rural Illinois or could be specific to local dynamics in Logan County.
68.72% of voters voted for the Republican party in the 2020 Presidential Election
28.89% of voters voted for the Democrat party in the 2020 Presidential Election
1.59% of voters voted for the Livertarian party in the 2020 Presidential Election
0.50% of voters voted for the Green party in the 2020 Presidential Election
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Logan County, Illinois has experienced a steady decline in the student-to-teacher ratio, decreasing from about 14 students per teacher in 2014 to roughly 12 in 2023. This suggests smaller class sizes, which could appeal to families seeking more individualized attention for their children. Given that the national average stands at 14 students per teacher, Logan County's favorable ratio might enhance its attractiveness to potential homeowners and investors, potentially positively affecting... Read more
Student-to-teacher ratio in Logan County, Illinois over the last 9 years
Logan County, Illinois has seen a consistent decrease in the student-to-teacher ratio over the past nine years, dropping from approximately 14 students per teacher in 2014 to nearly 12 in 2023. This trend could imply smaller class sizes, which might be attractive to families prioritizing individualized attention for their children and could influence decisions for potential homeowners, real estate agents, and investors considering the quality of local education. Compared to the national average of 14 students per teacher, Logan County appears to offer a more favorable environment for personalized learning, potentially impacting property values and community investment.
