Marion County Real Estate and Livability Trends
In Marion County, Illinois, average taxable income has grown from $44,082.20 in 2013 to $57,323.71 in 2021, hinting at economic growth. Meanwhile, real estate taxes reached $4,664.71 in 2021, possibly signaling increased property values or tax policy shifts. Median home values rose to $96,200 in 2022, presenting an attractive option for buyers seeking lower entry costs compared to state and... Read more
Marion County Market Trends
Median home values in Marion County, Illinois have steadily grown from $68,600 in 2015 to $96,200 in 2022, although they still trail state and national medians. This pricing gap might appeal to buyers seeking lower entry costs. Residential energy tax credits here have surged, peaking at $2,900.00 in 2018, hinting at growing investments in energy-efficient homes. Real estate taxes have risen... Read more
Median Value of Occupied Housing Units in Marion County, Illinois Over the Last 8 Years
Median home values in Marion County, Illinois have been on a consistent upward trend over the past eight years, rising from $68,600 in 2015 to $96,200 in 2022. While this represents significant localized growth, the county still lags behind both the state of Illinois and the national average, where 2022 median values reached $239,100 and $179,400, respectively. This disparity may make Marion County an attractive option for homebuyers and investors seeking lower entry costs within Illinois, potentially offering appealing opportunities for market growth and property value appreciation in the coming years.
Residential Energy Tax Credit Per Tax Return in Marion County, IL Over the Last 9 Years
In Marion County, Illinois, the average residential energy tax credit per tax return has seen significant fluctuations over the last nine years, with a notable surge in recent years. Rates spiked dramatically from $514.81 in 2016 to $1,090.00 in 2017, and then soared to a peak of $2,900.00 in 2018. Although there's been a decrease since then, the average credits remained well over $1,000.00, stabilizing at $1,505.26 in 2021. This upward trend could reflect increased investments in energy-efficient home improvements or heightened awareness and utilization of available tax credits. For investors, homeowners, and real estate professionals, these numbers hint at a growing market for sustainable and energy-saving residential projects in the county.
Average Real Estate Taxes Per Tax Return in Marion County, IL Over the Last 10 Years
Over the past decade, real estate taxes in Marion County, Illinois have shown a notable increase, climbing from approximately $2,910.28 in 2012 to about $4,664.71 in 2021. This steady rise, especially marked between 2017 and 2021, could indicate escalating property values or changes in local tax policies. For potential investors and property builders, understanding this trend is crucial as it can impact overall project costs and future profitability. Real estate agents and insurance professionals should also consider these figures when advising clients, as the tax burden might affect property desirability and affordability.
Percentage of Farm Returns in Marion County, IL Over the Last 10 Years
The percentage of farm tax returns in Marion County, Illinois, has shown a slight but notable decline over the past decade. Starting at around 4.46% in 2012, the percentage fell to 3.76% in 2020 before a minor uptick to 3.96% in 2021. Farm tax returns, which indicate the proportion of taxpayers filing as farmers, are an essential marker of agricultural activity and economic health in the area. For investors, developers, and residents, these trends could suggest shifts in agricultural viability, economic focus, or demographic changes. The declining percentages might warrant attention for those considering investments or property development tied to the agricultural sector in Marion County.
Number of Mortgages by Occupancy Type in Marion County, IL Over the Last 5 Years in Marion County
In Marion County, Illinois, the data over the last five years indicates fluctuating trends in mortgage counts by occupancy type. Principal residences consistently hold the highest number of mortgages, with notable spikes in 2020 and 2021. Investment properties and second residences, though significantly lower in comparison, show moderate variability, with incremental increases or decreases. These trends could suggest strategic opportunities for real estate investors and developers focusing on primary homes, while changes in second and investment property mortgages might reflect shifting economic conditions or buying power in the region. Insurers, appraisers, and real estate agents may find these trends useful for risk assessments, property appraisals, and understanding market demand.
Economic Outlook
Marion County, Illinois has seen a steady rise in average taxable income per tax return from $44,082.20 in 2013 to $57,323.71 in 2021, hinting at economic growth and increased earning potential for residents. Average state and local income taxes also climbed from $5,149.37 in 2012 to $9,345.16 in 2021, suggesting a growing fiscal burden that could influence investment and relocation decisions. The average total tax liability per tax return fluctuated but ultimately showed an upward trend,... Read more
Average Taxable Income per Tax Return in Marion County, IL over the last 9 years
Marion County, Illinois has seen a steady increase in the average taxable income per tax return over the past 9 years, rising from $44,082.20 in 2013 to $57,323.71 in 2021. This upward trend suggests economic growth and potentially higher earning power for residents, which could make the area more attractive for investment opportunities and residential development. This growth in taxable income might also reflect broader economic improvements that can appeal to new residents and businesses looking to establish themselves in a progressing community.
Average State and Local Income Taxes Per Tax Return in Marion County, IL Over the Last 10 Years
Marion County, Illinois, has seen a notable increase in average state and local income taxes per tax return over the past decade, starting from $5,149.37 in 2012 and rising significantly to $9,345.16 in 2021. After a brief dip in 2015 and 2016, the numbers climbed steadily with marked jumps in 2018 and 2019. This upward trend suggests potential growing state and local fiscal pressure that current and prospective residents, investors, and property developers should consider.
Average Total Tax Liability Per Tax Return in Marion County, IL Over the Last 10 Years
Marion County, Illinois has seen fluctuations in average total tax liability per tax return over the last decade. Starting around $6,386.10 in 2012, there's been some ups and downs, but a notable upward trend is evident, peaking at $7,827.42 in 2021. The highest jump occurred between 2019 and 2021, indicating potential economic shifts or changes in the tax code that might be of interest to investors and potential movers. Such trends could impact financial planning, property investments, and overall cost of living considerations.
Cost of Living in Marion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,013 | $1,239 | $2,902 | $1,058 | $1,419 |
| 1 adult 4 children | $1,013 | $1,012 | $2,227 | $1,058 | $1,438 |
| 2 adults 3 children | $1,013 | $1,012 | $2,514 | $1,058 | $1,161 |
| 1 adult 3 children | $1,013 | $826 | $1,839 | $1,058 | $1,156 |
| 2 adults 2 children | $774 | $828 | $2,126 | $959 | $1,000 |
| 2 adults 1 child | $774 | $655 | $1,738 | $640 | $951 |
| 1 adult 2 children | $774 | $619 | $1,451 | $959 | $889 |
| 1 adult 1 child | $774 | $423 | $1,063 | $640 | $746 |
| 2 adults | $627 | $526 | $1,350 | $0 | $755 |
| 1 adult | $519 | $287 | $675 | $0 | $565 |
Safety trends & Data
Property crime trends in Marion County, Illinois show a mix of fluctuations that might interest local real estate stakeholders. Larceny-theft saw a slight decline from 53 incidents in 2021 to 46 in 2022, while burglary increased from 7 to 12 cases. Vandalism also edged up from 8 to 10 incidents, but fraud experienced a notable drop from 5 cases in 2021 to just 1 in 2022. These shifting patterns could impact real estate assessments and insurance considerations in the... Read more
Property Crime Trends in Marion County, IL Over the Last 2 Years
Property crime in Marion County, Illinois has seen varied activity over the past two years. In 2021, larceny-theft was the most common crime with 53 recorded incidents, but it slightly declined to 46 cases in 2022. Burglary showed a worrying increase from 7 incidents in 2021 to 12 in 2022. Vandalism cases also ticked up from 8 to 10. Conversely, fraud saw a significant decrease from 5 occurrences in 2021 to just 1 in 2022. These trends could suggest shifting crime patterns that might interest those involved in local real estate or the insurance market.
Demographics
Marion County, Illinois, shows a nearly balanced gender distribution among adults. Educational attainment varies widely, with the largest group being high school graduates and a significant number having attended some college. The age distribution suggests a mature population with substantial representation in the 55 to 64 age range. Racially, the county appears predominantly White, with small percentages of Black or African American, Asian, and other minority groups. These trends may inform... Read more
Race Distribution in Marion County, Illinois (2022)
Educational Attainment in Marion County, Illinois (2022)
Age Distribution in Marion County, Illinois
Citizen Population in Marion County, Illinois (2022)
Political Trends & Data
In Marion County, Illinois, the 2020 U.S. Presidential Election results suggest a robust Republican presence, with the GOP securing around 73% of the vote. Democrats followed with approximately 26%, and minor parties like the Libertarians and Greens each securing under 1%. This political leaning may hint at underlying demographic and social trends that could influence local policies and, potentially, the property market as... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Marion County, Illinois, the 2020 U.S. Presidential Election seemed to favor the Republican party significantly, with nearly 73% of the vote. Democrats garnered about 26%, while minor parties like the Libertarians and Greens barely made a dent, each holding around 1% or less. This distribution suggests a strong Republican presence, which could reflect broader political and demographic trends within the county.
72.62% of voters voted for the Republican party in the 2020 Presidential Election
25.91% of voters voted for the Democrat party in the 2020 Presidential Election
0.93% of voters voted for the Livertarian party in the 2020 Presidential Election
0.42% of voters voted for the Green party in the 2020 Presidential Election
0.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marion County, Illinois has seen its student-to-teacher ratio change significantly over the past nine years, usually around fourteen students per teacher, peaking at fifteen in 2017, and dropping to under ten by 2022. This decreasing ratio could imply better educational resources or shifting enrollment, making the area more appealing to families. Lower ratios often mean more personalized attention in schools, which might attract prospective homebuyers and influence property valuations and... Read more
Student-to-teacher ratio in Marion County, Illinois over the last 9 years
Over the last nine years, Marion County, Illinois has experienced fluctuations in its student-to-teacher ratio, largely hovering around the national average of fourteen students per teacher. Notably, the ratio peaked at fifteen in 2017 but saw a significant decrease to under ten by 2022. This trend of reducing students per teacher might suggest improving educational resources or changing enrollment patterns, influencing decisions for families considering a move. Investors and real estate agents may find this trend beneficial as lower ratios generally imply more personalized attention in classrooms, potentially boosting the county's attractiveness to prospective homebuyers. Additionally, appraisers and insurance agents might view these educational metrics as indicators of community investment in quality schooling, impacting property valuations and risk assessments in the area.
