Mason County Real Estate and Livability Trends
Mason County, Illinois, showcases a gradual uptick in average taxable income per tax return, peaking at $60,828.43 in 2021, alongside a notable rise in state and local income taxes. The median home value has climbed from $81,300 in 2015 to $97,000 in 2022, suggesting an affordable real estate market, further supported by increasing investments in energy-efficient home improvements. Real estate... Read more
Mason County Market Trends
Mason County, Illinois has seen a steady rise in median home values, increasing from $81,300 in 2015 to $97,000 in 2022, but still lags behind state and national increases, suggesting a potentially more affordable market for buyers. The sharp increase in residential energy tax credits, peaking at $1,500.00 in 2020 before settling at $557.14 in 2021, indicates growing investment in... Read more
Median Value of Occupied Housing Units in Mason County, Illinois Over the Last 8 Years
Mason County, Illinois saw a modest increase in median home values from $81,300 in 2015 to $97,000 in 2022. This contrasts sharply with broader trends; Illinois as a whole saw values rise from $173,800 to $239,100, and nationally from $125,500 to $179,400 in the same period. This data suggests that Mason County may offer relatively affordable investment opportunities compared to soaring prices at the state and national levels, though it may not experience the same rate of appreciation.
Residential Energy Tax Credit Per Tax Return in Mason County, IL Over the Last 8 Years
Over the past eight years in Mason County, Illinois, the average residential energy tax credit per tax return has seen some fluctuation with a notable increase in recent years. Between 2013 and 2017, the credits remained under $400.00 but saw a significant jump to $1,075.00 in 2019 and peaked at $1,500.00 in 2020, before slightly decreasing to $557.14 in 2021. This trend may suggest that more residents are investing in energy-efficient improvements, potentially driven by rising energy costs or increased availability of incentive programs. For those looking to invest or move in, it could indicate a growing focus on sustainable living in the area.
Average Real Estate Taxes Per Tax Return in Mason County, IL Over the Last 10 Years
Mason County, Illinois has generally seen a gradual increase in average real estate taxes per tax return over the past decade, starting from $3,059.62 in 2012 and peaking at $3,941.67 in 2020. These trends suggest a potential rise in overall property values or shifting fiscal policies affecting real estate taxation. This information could be critical for prospective homeowners and real estate investors aiming to gauge the long-term financial commitments involved. Additionally, insurance agents and appraisers might infer steadier property valuations, while current residents and builders could anticipate shifts in their economic landscape.
Percentage of Farm Returns in Mason County, IL Over the Last 10 Years
Farm tax returns in Mason County, Illinois, have seen slight fluctuations over the past decade, with percentages generally hovering around 5.5% to 6.0%. While there was a peak at 6.0% around 2015, the numbers dipped to roughly 5.4% by 2020. This potentially reflects minor economic shifts or changes in farm profitability in the area. For those looking to invest in, move to, or build property in Mason County, this steady yet slightly declining trend in farm returns may indicate an overall stable but cautious agricultural market.
Number of Mortgages by Occupancy Type in Mason County, IL Over the Last 5 Years in Mason County
Over the last five years in Mason County, Illinois, mortgage data reveals some trends worth noting. Principal Residence loans have consistently dominated, peaking in 2021, while Investment Property loans have shown slight fluctuations without a clear upward or downward trend. Second Residence mortgages have been the least common, though they did see a notable spike in 2021. These variations in occupancy types are important because they can signal economic factors such as the attractiveness of the county for long-term residency versus investment potential. For investors, a stable or rising number of investment property loans can indicate a healthy rental market. Appraisers and insurance agents might find this data useful for risk assessment and value estimation. Real estate agents can leverage these insights to tailor their services according to buyer demands, whether catering to potential homeowners or investors.
Economic Outlook
Mason County, Illinois has seen a gradual increase in average taxable income per tax return over the past nine years, peaking at $60,828.43 in 2021, with a significant uptick starting in 2018. Average state and local income taxes also rose notably from $5,122.33 in 2012 to $8,290.91 in 2021, particularly spiking between 2020 and 2021. The average total tax liability per tax return shows some fluctuation, with the highest at $8,195.93 in 2013 and a dip to $6,964.45 in 2018, indicating a need for... Read more
Average Taxable Income per Tax Return in Mason County, IL over the last 9 years
Over the past nine years, Mason County, Illinois has seen a generally gradual increase in the average taxable income per tax return, peaking at $60,828.43 in 2021. Notably, after a dip in 2016 and 2017 to around $50,000, there was a significant uptick starting from 2018, suggesting potential economic improvement or employment opportunities. For investors, this could point to a strengthening economic baseline. For those considering moving or building in Mason County, an upward trend in income might translate to a growing and more stable local economy, which can be an attractive feature.
Average State and Local Income Taxes Per Tax Return in Mason County, IL Over the Last 10 Years
Mason County, Illinois has seen a notable increase in average state and local income taxes per tax return over the past decade, climbing from $5,122.33 in 2012 to $8,290.91 in 2021. This clearly reflects a significant rise, particularly with a sharp spike between 2020 and 2021. For potential investors or residents, this upward trend is crucial as it indicates higher tax obligations which can affect overall cost of living and investment returns in the area.
Average Total Tax Liability Per Tax Return in Mason County, IL Over the Last 10 Years
The average total tax liability per tax return in Mason County, Illinois has seen some fluctuations over the past decade. Between 2012 and 2021, the highest recorded liability was $8,195.93 in 2013, with a notable dip to $6,964.45 in 2018. The general trend suggests an increase towards the later years, especially from 2018 to 2021, reaching $7,994.03. This volatility could impact decisions for those considering investments or property development in the area, suggesting a need for careful financial planning.
Cost of Living in Mason County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $980 | $1,444 | $2,409 | $1,058 | $1,363 |
| 1 adult 4 children | $980 | $1,179 | $1,846 | $1,058 | $1,401 |
| 2 adults 3 children | $980 | $1,179 | $2,088 | $1,058 | $1,112 |
| 1 adult 3 children | $980 | $963 | $1,525 | $1,058 | $1,129 |
| 2 adults 2 children | $774 | $965 | $1,767 | $959 | $981 |
| 1 adult 2 children | $774 | $721 | $1,204 | $959 | $886 |
| 2 adults 1 child | $774 | $763 | $1,446 | $640 | $938 |
| 1 adult 1 child | $774 | $493 | $884 | $640 | $746 |
| 2 adults | $629 | $613 | $1,126 | $0 | $750 |
| 1 adult | $531 | $334 | $563 | $0 | $574 |
Safety trends & Data
Mason County, Illinois, has shown notable fluctuations in property crime over the past two years. In 2021, burglaries reached 3, with larceny-theft and vandalism at 2 and 1 respectively. By 2022, larceny-theft rose to 3 and vandalism to 2, while new crime categories like forgery and counterfeiting (2 occurrences) and fraud (3 occurrences) emerged. This evolving crime landscape could be an essential aspect for prospective investors, homeowners, insurance agents, and real estate professionals to... Read more
Property Crime Trends in Mason County, IL Over the Last 2 Years
Mason County, Illinois has seen variations in property crime over the past two years, with notable fluctuations in specific crime categories. In 2021, burglary incidents reached 3, while larceny-theft and vandalism had 2 and 1 occurrences respectively. The following year experienced a rise in larceny-theft to 3 and vandalism to 2 instances. Additionally, new categories like forgery and counterfeiting (2 occurrences) and fraud (3 occurrences) emerged in 2022. This evolving crime landscape is an essential consideration for prospective investors, homeowners, insurance agents, and real estate professionals evaluating the area.
Demographics
In Mason County, Illinois, the adult population is fairly evenly split between males and females. Educational attainment averages higher with high school graduates making up the largest group, while less than 9th-grade education is relatively rare. Age distribution highlights a significant portion of residents aged 55 years and over, suggesting potential future shifts in local service needs. Racial demographics show a predominantly White population, with other racial groups each making up a... Read more
Race Distribution in Mason County, Illinois (2022)
Educational Attainment in Mason County, Illinois (2022)
Age Distribution in Mason County, Illinois
Citizen Population in Mason County, Illinois (2022)
Political Trends & Data
Mason County, Illinois, seems to display a strong conservative leaning, with Republican candidates potentially capturing about 69% of the vote in the 2020 U.S. Presidential Election. Democratic support appears to trail, possibly hitting around 29%, while minor parties likely have minimal influence. This electoral trend could point to a community where conservative values play a pivotal role, influencing various aspects of life, including the real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mason County, Illinois, the 2020 U.S. Presidential Election results reveal that Republican candidates may have gained a dominant share of the vote at approximately 69%, while Democrats potentially captured around 29%. Minor parties like the Libertarian and Green parties seemingly made minimal impacts, possibly receiving just over 1% and under 0.5%, respectively. This voting pattern could suggest a stronger alignment with conservative values in the region.
68.79% of voters voted for the Republican party in the 2020 Presidential Election
29.34% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Green party in the 2020 Presidential Election
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Mason County, Illinois has consistently been below the national average of 14 students per teacher for the past nine years, with a low of twelve students per teacher in 2017 and around thirteen in recent years. This trend suggests a commitment to smaller class sizes, which can appeal to families prioritizing education. Real estate professionals might leverage this as a selling point, while insurance agents could see it as a sign of community stability and lower... Read more
Student-to-teacher ratio in Mason County, Illinois over the last 9 years
The student-to-teacher ratio in Mason County, Illinois has been consistently below the national average of 14 students per teacher over the past nine years, indicating more personalized attention for students. Ratios dipped to their lowest in 2017 at twelve students per teacher and hovered around thirteen in recent years. For those looking to invest in, move to, or build property in the area, this trend suggests a commitment to smaller class sizes, which can be attractive to families prioritizing education. Real estate agents and appraisers might leverage this as a selling point, while insurance agents could see it as an indicator of community stability and lower risk.
