Marshall County Real Estate and Livability Trends
Marshall County, Illinois presents an intriguing blend of affordability and economic potential for real estate investors. Median home values hovered at $124,600 in 2022, significantly less than state and national averages, suggesting entry-level opportunities. Rising real estate taxes over the past decade and varied residential energy tax credits demonstrate a dynamic financial environment,... Read more
Marshall County Market Trends
Marshall County, Illinois, presents a more affordable real estate market with median home values reaching $124,600 in 2022, notably lower than the state and national figures. While home values here have grown modestly, the uptick since 2020 signals potential for buyers and investors seeking low-entry costs. Real estate taxes have risen steadily over the past decade, which could impact carrying... Read more
Median Value of Occupied Housing Units in Marshall County, Illinois Over the Last 8 Years
Over the last 8 years, median home values in Marshall County, Illinois showed modest increases, reaching $124,600 in 2022, which is significantly lower compared to the state of Illinois at $239,100, and the national figure at $179,400 for the same year. These data points suggest that Marshall County could present more affordable investment opportunities relative to the broader real estate markets in Illinois and across the United States. While home values in Marshall County experienced slower growth, the noticeable uptick since 2020 indicates emerging potential for investors or homebuyers looking for lower entry points in the housing market.
Residential Energy Tax Credit Per Tax Return in Marshall County, IL Over the Last 8 Years
The residential energy tax credit per tax return in Marshall County, Illinois has seen substantial fluctuation over the past eight years. Initially starting at $200.00 in 2013 and peaking dramatically at $1,712.50 in 2020, this pattern may suggest increasing investments in energy-efficient upgrades or simply changing tax credit policies. This variability could be a noteworthy point for real estate agents, appraisers, and insurers to consider when evaluating property values and potential incentives for homeowners. Builders and investors might also find this trend useful in recognizing shifting priorities towards energy efficiency in the region.
Average Real Estate Taxes Per Tax Return in Marshall County, IL Over the Last 10 Years
Marshall County, Illinois has seen a steady increase in average real estate taxes per tax return over the last decade. Starting at $3,513.60 in 2012, the amount has risen to $4,928.57 by 2021. This upward trend suggests a potential impact on both prospective and current property owners in terms of higher carrying costs. For investors and real estate agents, it's crucial to note the increasing financial burden associated with property ownership in the area. Additionally, appraisers and insurance agents should factor in these changes when assessing property values and insurance premiums.
Percentage of Farm Returns in Marshall County, IL Over the Last 10 Years
Marshall County, Illinois has seen the percentage of farm tax returns hover between approximately 6.00% and 6.83% over the past decade. Farm tax returns, usually filed by individuals or entities involved in agricultural production, can be an indicator of the economic vitality and trends within the farming sector. This relatively stable range suggests a consistent, albeit small, presence of farming activities in the county. For potential investors or those interested in agricultural enterprises, this data could point to a steady environment but may not indicate rapid growth or decline in the farming community.
Number of Mortgages by Occupancy Type in Marshall County, IL Over the Last 5 Years in Marshall County
Investment Property mortgages have shown an erratic but overall slight increase over the past five years in Marshall County, Illinois, suggesting some growing interest from investors. Principal Residence mortgages spiked in 2020 and 2021 but softened in 2022, potentially indicating the impact of market fluctuations and possibly broader economic conditions. Second Residence mortgages have varied significantly but generally depicted a downward trend since 2020. These shifts in occupancy types signal important dynamics for those considering investments, relocations, or real estate ventures. For appraisers and insurance agents, understanding these changes helps in accurately assessing property values and risk profiles. For builders and real estate agents, recognizing the demand patterns can better inform strategic development and marketing opportunities.
Economic Outlook
Marshall County, Illinois, has seen a general uptick in average taxable income per tax return, jumping from around $58,500 in 2020 to approximately $67,938.83 in 2021, suggesting potential economic growth. State and local income taxes have fluctuated, with a significant peak at $7753.85 in 2021, revealing key insights into economic stability and tax policy impacts. Average total tax liabilities have also varied, rising sharply to $9348.50 in 2021 from a low of around $7789.60 in 2019,... Read more
Average Taxable Income per Tax Return in Marshall County, IL over the last 9 years
Marshall County, Illinois has seen a general uptick in average taxable income per tax return over the past nine years. Notable highlights include a significant jump from around $58,500 in 2020 to approximately $67,938.83 in 2021, indicating potential economic growth. This trend could make the county increasingly attractive for potential investors, property developers, and new residents seeking a stable economic environment. The consistent rise in income levels may also suggest improved local employment opportunities and business prospects in the region.
Average State and Local Income Taxes Per Tax Return in Marshall County, IL Over the Last 10 Years
Marshall County, Illinois has experienced significant fluctuations in average state and local income taxes per tax return over the past decade. In 2012, taxes were at $5354.78, rising to a peak of $7753.85 in 2021. This up-and-down pattern shows varying economic conditions and tax policy impacts, with a notable surge in 2018 to $6735.71 and following stable increases reflecting an overall upward trend towards 2021. This data reveals key insights for potential investors and residents who might be evaluating the economic stability and tax implications of living in the area.
Average Total Tax Liability Per Tax Return in Marshall County, IL Over the Last 10 Years
Marshall County, Illinois has experienced fluctuating average total tax liabilities per tax return over the past decade, typically hovering below $9000 until a noticeable jump to $9348.50 in 2021. This variability, with a low of around $7789.60 in 2019, suggests a shifting financial landscape that may reflect broader economic conditions and local policy changes. Investors and prospective residents should consider this trend as potentially indicative of the area's evolving economic stability and tax policy environment.
Cost of Living in Marshall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $958 | $1,617 | $2,544 | $1,110 | $1,560 |
| 1 adult 4 children | $958 | $1,320 | $1,958 | $1,110 | $1,566 |
| 2 adults 3 children | $958 | $1,321 | $2,200 | $1,110 | $1,249 |
| 1 adult 3 children | $958 | $1,078 | $1,615 | $1,110 | $1,263 |
| 2 adults 2 children | $737 | $1,081 | $1,857 | $999 | $1,059 |
| 1 adult 2 children | $737 | $808 | $1,272 | $999 | $972 |
| 2 adults 1 child | $737 | $854 | $1,514 | $641 | $989 |
| 1 adult 1 child | $737 | $552 | $928 | $641 | $794 |
| 2 adults | $582 | $686 | $1,170 | $0 | $797 |
| 1 adult | $526 | $374 | $585 | $0 | $595 |
Safety trends & Data
Property crime trends in Marshall County, Illinois show a distinct shift over the past three years. Instances of burglary surged in 2021 with 10.00 reported incidents, a sharp increase compared to other years. Larceny-theft remained relatively stable, while motor vehicle thefts experienced a modest rise. Interestingly, 2022 saw a diversification of crimes with vandalism entering the scene at 5.00 incidents. These variations in crime types are essential for potential investors, real estate... Read more
Property Crime Trends in Marshall County, IL Over the Last 3 Years
Property crime trends in Marshall County, Illinois show a distinct shift over the past three years. Notably, instances of burglary surged in 2021 with 10.00 reported incidents, a sharp increase compared to other years. Larceny-theft remained relatively stable, while motor vehicle thefts experienced a modest rise. Interestingly, 2022 saw a diversification of crimes with vandalism entering the scene at 5.00 incidents. These variations in crime types are essential for potential investors, real estate agents, and those considering a move to the area, as they suggest evolving security dynamics that could influence decisions on property value, insurance rates, and community safety.
Demographics
Marshall County, Illinois, presents a relatively balanced gender distribution among its adult population, with males and females almost equally represented. Despite an aging population, there's a substantial number of residents in the 25 to 64 age bracket, indicating a stable workforce base. When it comes to education, high school graduates form the bulk of the population, while a considerable portion has some college experience but lacks a degree. The racial makeup is predominantly White, with... Read more
Race Distribution in Marshall County, Illinois (2022)
Educational Attainment in Marshall County, Illinois (2022)
Age Distribution in Marshall County, Illinois
Citizen Population in Marshall County, Illinois (2022)
Political Trends & Data
Marshall County, Illinois, showed a marked preference for the Republican party in the 2020 U.S. Presidential Election, with around 66% of the vote. Democrats trailed with about 33%, making it clear this area's political landscape leans more conservative. Minor parties such as the Libertarians and Greens barely registered, capturing just over 1% of the vote... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marshall County in Illinois saw a significant leaning toward the Republican party in the 2020 U.S. Presidential Election, with roughly two-thirds of the vote. The Democrats garnered nearly a third of the vote, significantly trailing the Republicans. Minor parties like the Libertarians and Greens had minimal impact, with vote shares barely reaching above 1%.
66.26% of voters voted for the Republican party in the 2020 Presidential Election
31.65% of voters voted for the Democrat party in the 2020 Presidential Election
1.48% 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
0.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marshall County, Illinois boasts a consistent student-to-teacher ratio around 13:1, aligning closely with the national average of 14:1, except for a notable anomaly in 2014. This stability might appeal to families and investors, indicating a steady and reliable educational system that potentially enhances community attractiveness. Real estate agents, appraisers, and insurance agents could utilize this data to underscore the area's appeal and infer potential for stable... Read more
Student-to-teacher ratio in Marshall County, Illinois over the last 9 years
Marshall County, Illinois has seen a relatively stable student-to-teacher ratio over the past nine years, hovering mostly around 13 students per teacher, closely aligning with the national average of 14. However, there was a significant anomaly in 2014 with an unusually high ratio of 59 students per teacher, which could point to administrative or data anomalies that year. This general stability is likely appealing for those looking to invest in or move to the area, suggesting a fairly consistent educational environment. Real estate agents and appraisers might find this data useful in assessing the area's appeal to families, while insurance agents and those interested in building property can infer community stability and potential growth trends based on the educational consistency.
