Macon County Real Estate and Livability Trends
Macon County, Illinois has witnessed a steady rise in median home values from $94,900 in 2015 to $119,800 in 2022, making it relatively affordable compared to broader markets. Average taxable income per tax return has increased from about $54,591.83 in 2013 to around $70,394.04 in 2021, showcasing potential economic growth that could attract new residents. However, real estate taxes have almost... Read more
Macon County Market Trends
Macon County, Illinois has experienced a steady increase in median home values from $94,900 in 2015 to $119,800 in 2022, presenting a relative affordability compared to statewide and national figures. Energy tax credits per return in the area have shown variability, peaking notably in 2018 at $2400.00, potentially indicating growing interest in energy-efficient home improvements. Real estate... Read more
Median Value of Occupied Housing Units in Macon County, Illinois Over the Last 8 Years
Macon County, Illinois has seen an upward trend in median home values over the past eight years, increasing from $94,900 in 2015 to $119,800 in 2022. This local growth contrasts with statewide figures, where median home values in Illinois have risen from $173,800 to $239,100 during the same period, and national figures, which have surged from $125,500 to $179,400. Investors or potential homeowners in Macon County might find these trends significant, as relative affordability could indicate opportunities in a market with steady value growth but still lower median values compared to the state and country.
Residential Energy Tax Credit Per Tax Return in Macon County, IL Over the Last 9 Years
Over the past nine years, Macon County, Illinois has seen notable fluctuations in the average residential energy tax credit per tax return, with a significant peak in 2018 at $2400.00. The general trend shows gradual increases with occasional sharp spikes, implying variability in energy efficiency investments or related incentives. For investors, appraisers, and real estate agents, these trends might suggest an evolving market with growing interest in energy-efficient home improvements, which could impact property values and the overall real estate landscape.
Average Real Estate Taxes Per Tax Return in Macon County, IL Over the Last 10 Years
Over the past decade, Macon County, Illinois has seen a notable increase in average real estate taxes per tax return, starting at around $3,857.97 in 2012 and climbing to approximately $6,784.31 by 2021. This steady rise could influence decisions for potential investors, homeowners, and real estate professionals as elevated property taxes may impact both budgeting and property valuations. While initially moderate, the tax hikes showcase a significant upward trend, suggesting a compelling financial landscape for those considering property investments or relocations in the area.
Percentage of Farm Returns in Macon County, IL Over the Last 10 Years
Over the last decade, Macon County, Illinois has seen slight fluctuations in the percentage of farm tax returns, peaking at 1.32% in 2013 and dipping to 1.09% by 2020. This trend suggests a steady, albeit small, presence of agricultural activities when compared to the total number of tax returns. Farm tax returns often serve as a barometer for the economic health and viability of the agricultural sector in the region. For prospective investors or residents, understanding these figures can provide insights into the long-term sustainability and potential growth opportunities within Macon County’s farming community.
Number of Mortgages by Occupancy Type in Macon County, IL Over the Last 5 Years in Macon County
Over the last five years in Macon County, Illinois, there has been a noticeable fluctuation in the number of mortgages across different occupancy types. The data suggest some inconsistency, especially in principal residences which spiked in 2021 before dropping in 2022. Investment property and second residence mortgages have seen slight decreases. These shifts could potentially indicate varying market dynamics, economic conditions, or changes in local real estate demand. For investors, understanding these trends helps in assessing market stability and potential returns. Appraisers and insurance agents might see this data as indicative of shifting risk profiles and demand for their services. For those looking to move in or build property, these shifts can guide expectations around occupancy rates and neighborhood stability. Real estate agents will find this data useful to tailor their sales strategies, ensuring they align with prevailing market conditions.
Economic Outlook
Macon County, Illinois has shown an upward trend in average taxable income per tax return, growing from roughly $54,591.83 in 2013 to about $70,394.04 in 2021. This financial growth hints at a more robust local economy, potentially attracting new residents and investors. However, state and local income taxes have also fluctuated, spiking to $13,162.04 in 2021, possibly due to economic shifts or updated tax policies. Despite modest changes in total tax liability, which peaked at $11,406.99 in... Read more
Average Taxable Income per Tax Return in Macon County, IL over the last 9 years
Macon County, Illinois has seen a generally upward trend in average taxable income per tax return over the past nine years, starting at roughly $54,591.83 in 2013 and climbing to about $70,394.04 in 2021. This substantial increase suggests a potentially improving economic climate in the area, which could be attractive for investors, new residents, and property developers looking to capitalize on this financial growth. These figures might indicate enhanced earning opportunities and a resilient local economy, which can be a positive indicator for both current residents and prospective ones.
Average State and Local Income Taxes Per Tax Return in Macon County, IL Over the Last 10 Years
In Macon County, Illinois, state and local income taxes per tax return have seen significant fluctuations over the past decade. After a notable dip in 2016 to $5318.81, there was a sharp rise in recent years with 2021 hitting $13162.04. This surge could reflect economic changes, shifts in tax policies, or rising incomes, making it an important factor for potential investors and residents to consider when evaluating financial commitments in the area.
Average Total Tax Liability Per Tax Return in Macon County, IL Over the Last 10 Years
Over the past decade, Macon County, Illinois has exhibited modest fluctuations in the average total tax liability per tax return, with values generally hovering around the $9,500 to $9,800 range. However, an interesting and significant trend can be observed in 2021, where the average total tax liability spiked to $11,406.99. This may reflect broader economic changes or shifts in local fiscal policies, making it an important consideration for prospective investors or residents. Housing market evaluations, business opportunities, and long-term financial planning would benefit from an awareness of these tax trends.
Cost of Living in Macon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,195 | $1,375 | $2,419 | $1,110 | $1,372 |
| 1 adult 4 children | $1,195 | $1,123 | $1,862 | $1,110 | $1,416 |
| 2 adults 3 children | $1,195 | $1,124 | $2,093 | $1,110 | $1,128 |
| 1 adult 3 children | $1,195 | $917 | $1,536 | $1,110 | $1,152 |
| 2 adults 2 children | $859 | $920 | $1,767 | $999 | $949 |
| 1 adult 2 children | $859 | $687 | $1,210 | $999 | $850 |
| 2 adults 1 child | $859 | $727 | $1,440 | $641 | $902 |
| 1 adult 1 child | $859 | $470 | $883 | $641 | $721 |
| 2 adults | $701 | $584 | $1,114 | $0 | $719 |
| 1 adult | $599 | $319 | $557 | $0 | $557 |
Safety trends & Data
Macon County, Illinois has shown a mix of property crime trends over the last two years, including a rise in vandalism and burglary and a minor drop in arson. Theft rates have stayed consistent, while fraud incidents notably jumped from 13.0 to 25.0. Such fluctuations can influence real estate dynamics, possibly impacting insurance premiums and property valuations, and ultimately shaping decisions for investors, builders, and... Read more
Property Crime Trends in Macon County, IL Over the Last 2 Years
Macon County, Illinois has seen varied property crime trends over the past two years. Notably, cases of vandalism surged from 156.0 in 2021 to 191.0 in 2022, while incidents of burglary also increased from 62.0 to 80.0. Theft remains relatively steady, with 186.0 occurrences in 2021 and 184.0 in 2022. Conversely, arson incidents decreased slightly, and cases of fraud saw a significant uptick from 13.0 to 25.0. Such fluctuations could impact decisions for investors, property builders, and real estate agents, potentially affecting insurance premiums and property valuations.
Demographics
Macon County, Illinois exhibits a somewhat higher female population than male. Educationally, a significant proportion of the adult population possesses at least a high school diploma, but fewer hold graduate or professional degrees. Age-wise, the county has a fairly balanced distribution across various age groups, though those in their late middle age appear slightly more prevalent. Racially, the population is predominantly White, with Black or African American residents forming a notable... Read more
Race Distribution in Macon County, Illinois (2022)
Educational Attainment in Macon County, Illinois (2022)
Age Distribution in Macon County, Illinois
Citizen Population in Macon County, Illinois (2022)
Political Trends & Data
Macon County, Illinois, shows robust Republican preference based on the 2020 U.S. Presidential Election results, with the GOP potentially capturing the majority vote. Democrats lagged, securing a bit over 40%, while minor parties barely made a dent. This strong two-party dynamic might influence local real estate trends, as political leanings often impact community development and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Macon County, Illinois, leaned heavily Republican in the 2020 U.S. Presidential Election, with the majority of votes possibly going to the GOP candidates. Democratic support appeared substantial but fell notably behind, capturing slightly over 40% of the vote share. Minor parties, including the Libertarian and Green parties, garnered minimal support, highlighting a strong two-party dominance in the county.
57.88% of voters voted for the Republican party in the 2020 Presidential Election
40.18% of voters voted for the Democrat party in the 2020 Presidential Election
1.21% 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
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
Macon County, Illinois has seen wild swings in its student-to-teacher ratio over the past decade, ranging from a high of 31 in 2018 to as low as 16 in 2015, compared to the national average of 14. This instability could be a key factor for real estate investors, homebuyers, and families weighing the quality and appeal of local schools. Appraisers and insurance agents might also find this data useful for property assessments and risk evaluations, while real estate agents and builders may need to... Read more
Student-to-teacher ratio in Macon County, Illinois over the last 9 years
Macon County, Illinois has experienced significant fluctuations in its student-to-teacher ratio over the past nine years, peaking at 31 students per teacher in 2018 and dropping to as low as 16 in 2015. These variations are notable when compared to the national average of 14 students per teacher. Such changes might have important implications for potential real estate investors, homebuyers, and families considering relocation, as a higher ratio could impact educational quality and attractiveness of schools in the area. Furthermore, appraisers and insurance agents could find these trends relevant when assessing property values and risk. Real estate agents and builders might also need to consider these figures when marketing properties or planning new developments.
