Menard County Real Estate and Livability Trends
Menard County, Illinois has seen a notable rise in median housing values from $127,900 in 2015 to $177,100 in 2022. However, this is still below the state average, signaling potential affordability for new buyers. Interestingly, real estate taxes per tax return peaked at $5,737.50 in 2020 but slightly dipped to $5,140.00 in 2021, indicating a fluctuating property tax environment. Residential... Read more
Menard County Market Trends
Menard County, Illinois, has experienced a steady rise in the median value of occupied housing units over the past eight years, jumping from $127,900 in 2015 to $177,100 in 2022, while still remaining below the state average. Residential energy tax credits have shown significant volatility, with figures fluctuating from $400.00 to $533.33, then spiking sharply to $2,200.00 in 2019 before settling... Read more
Median Value of Occupied Housing Units in Menard County, Illinois Over the Last 8 Years
Over the last eight years, Menard County, Illinois, has seen a steady rise in the median value of occupied housing units, culminating in a jump from $127,900 in 2015 to $177,100 in 2022. Interestingly, this growth mirrors national trends but remains significantly below Illinois' average, which escalated from $173,800 to $239,100 during the same period. This could indicate Menard County still offering relatively more affordable housing options compared to statewide figures, making it potentially attractive for those looking to invest or purchase property without the higher costs seen in broader state markets.
Residential Energy Tax Credit Per Tax Return in Menard County, IL Over the Last 8 Years
Menard County, Illinois has seen dramatic fluctuations in residential energy tax credits per tax return over the past eight years. Since 2013, credits trended mostly between $400.00 and $533.33, spiking sharply in 2019 to $2200.00. Though 2020 saw a dip to $1700.00, the 2021 figure settled at $1070.00. This volatility indicates significant changes in energy efficiency investments or policies. These insights could be crucial for real estate agents, investors, and policy advisors looking to understand economic incentives related to property improvements in Menard.
Average Real Estate Taxes Per Tax Return in Menard County, IL Over the Last 10 Years
Menard County, Illinois, has seen a marked increase in average real estate taxes per tax return over the last decade, with values climbing from around $3,763.53 in 2012 to a peak of approximately $5,737.50 in 2020. Notably, 2021 saw a slight decrease to $5,140.00. These trends suggest that property owners and potential investors should be prepared for fluctuating tax obligations. This data could be crucial for appraisers and insurance agents who need to factor in changing tax rates for accurate evaluations and premium calculations. Real estate agents and those considering building properties here should also consider these tax trends when advising clients or planning construction projects.
Percentage of Farm Returns in Menard County, IL Over the Last 10 Years
In Menard County, Illinois, over the past decade, farm tax returns have hovered between 4.56% and 4.91% of total returns, reflecting a relatively stable agricultural presence. Farm tax returns generally represent the income farmers report from their operations, which can be an indicator of the health of the local agricultural economy. For those interested in investing, moving to, or building property in Menard County, this data suggests a consistent, though small, segment of the economy reliant on farming. This stability could imply a lower risk for investment in agricultural ventures or related businesses in the area.
Number of Mortgages by Occupancy Type in Menard County, IL Over the Last 5 Years in Menard County
Recent trends in the mortgage counts for Menard County, Illinois indicate notable fluctuations in different occupancy types over the past five years. Principal residences saw a significant rise in 2020, reaching a peak of 1,004 from 457 in 2018, but then declining to 403 in 2022. Investment properties and second residences have remained fairly stable, though there's been a slight dip in mortgages for investment properties. For those considering investment, understanding these changes could help gauge market demand and potential returns and risks better. Builders and real estate agents might find the peak in 2020 indicative of a temporary boom, possibly driven by external factors influencing homeowner demand. Appraisers and insurance agents should consider the varying mortgage trends as a measure of the county's shifting property landscape, potentially affecting valuations and coverage evaluations.
Economic Outlook
Menard County, Illinois has experienced a notable rise in average taxable income per tax return, climbing from $59,586.43 in 2013 to $77,731.45 in 2021, hinting at a possibly flourishing local economy and better living standards. Simultaneously, average state and local income taxes per tax return have surged to $8,920.00 in 2021, reflecting increased living costs and potential enhancements in public service funding. The overall economic trend is further highlighted by the average total tax... Read more
Average Taxable Income per Tax Return in Menard County, IL over the last 9 years
Menard County, Illinois has seen a general upward trend in the average taxable income per tax return over the last nine years. From $59,586.43 in 2013 to $77,731.45 in 2021, this increase might suggest a growing local economy and potentially higher living standards. For investors, property developers, or new residents, this could indicate a stable and possibly thriving community with increasing income levels. Additionally, the marked jump between 2019 and 2021 could be particularly noteworthy as it may reflect broader economic trends or local developments in the area.
Average State and Local Income Taxes Per Tax Return in Menard County, IL Over the Last 10 Years
Over the past decade, Menard County, Illinois has seen a notable increase in average state and local income taxes per tax return, peaking at $8,920.00 in 2021. This upward trend, particularly sharp since 2018, suggests a rising cost of living and potentially higher public service funding. With taxes jumping from $4,867.74 in 2012 to $8,920.00, this shift may influence investment decisions, relocation considerations, and property valuations in the area.
Average Total Tax Liability Per Tax Return in Menard County, IL Over the Last 10 Years
Over the past decade, Menard County, Illinois has witnessed a generally upward trend in the average total tax liability per tax return, peaking at $10,684.77 in 2021. This could indicate increasing incomes or changes in tax policies, making it a point of interest for those evaluating the financial landscape of the region. Fluctuations around the $9,000 mark for several years suggest some volatility, yet the overall rise might signal growing economic potential.
Cost of Living in Menard County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,051 | $1,528 | $2,419 | $1,110 | $1,520 |
| 1 adult 4 children | $1,051 | $1,248 | $1,862 | $1,110 | $1,544 |
| 2 adults 3 children | $1,051 | $1,248 | $2,093 | $1,110 | $1,226 |
| 1 adult 3 children | $1,051 | $1,019 | $1,536 | $1,110 | $1,257 |
| 2 adults 2 children | $802 | $1,022 | $1,767 | $999 | $1,041 |
| 1 adult 2 children | $802 | $763 | $1,210 | $999 | $967 |
| 2 adults 1 child | $802 | $808 | $1,440 | $641 | $982 |
| 1 adult 1 child | $802 | $522 | $883 | $641 | $802 |
| 2 adults | $652 | $649 | $1,114 | $0 | $801 |
| 1 adult | $536 | $354 | $557 | $0 | $594 |
Demographics
Menard County, Illinois presents an interesting demographic landscape with a slight female majority in the adult population. The area has a relatively high concentration of individuals with a high school diploma or some college, indicating a solid educational foundation. The age distribution shows a significant portion of the population is either approaching or in retirement, which could impact local services and economy. Racially, the county is predominantly White, with minimal representation... Read more
Race Distribution in Menard County, Illinois (2022)
Educational Attainment in Menard County, Illinois (2022)
Age Distribution in Menard County, Illinois
Citizen Population in Menard County, Illinois (2022)
Political Trends & Data
Menard County, Illinois, exhibited a strong conservative preference in the 2020 U.S. Presidential Election, with about 69% of the vote going to the Republican candidate. Democrats received around 29%, while minor parties like the Libertarians and Greens barely made an impact with around 1.4% and 0.5% respectively. This conservative tilt potentially shapes local policies and community attitudes, possibly influencing sectors such as real estate development and market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Menard County, Illinois, displayed a dominant Republican preference in the 2020 U.S. Presidential Election, with approximately 69% of the vote. Democrats garnered around 29%, indicating a significantly smaller, yet notable, support base. Minor parties like the Libertarians and Greens barely registered, receiving around 1.4% and 0.5% respectively, with other parties making up roughly 0.2%. This suggests a strong conservative leaning within the county, with minimal influence from third parties.
68.76% of voters voted for the Republican party in the 2020 Presidential Election
29.19% of voters voted for the Democrat party in the 2020 Presidential Election
1.37% of voters voted for the Livertarian party in the 2020 Presidential Election
0.48% of voters voted for the Green party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Menard County, Illinois has experienced significant changes in its student-to-teacher ratio over the past nine years, with a peak over 20 students per teacher in 2014, but stabilizing around 12 to 13 students per teacher recently. This figure is slightly below the national average of 14 students per teacher, suggesting the potential for smaller class sizes and more individualized student attention. These trends are worth noting for families considering relocation, educators evaluating job... Read more
Student-to-teacher ratio in Menard County, Illinois over the last 9 years
Menard County, Illinois has seen a notable fluctuation in its student-to-teacher ratio over the last nine years. The ratio peaked at over 20 students per teacher in 2014, but has largely trended downward since, with figures stabilizing around 12 to 13 students per teacher in recent years. This is slightly below the current national average of 14 students per teacher, which could imply smaller class sizes and potentially more individualized attention for students. These trends are relevant for families considering moving to the area, educators evaluating job prospects, and real estate investors aiming to understand community dynamics. Lower student-teacher ratios can also impact property values and may influence demand for housing in the county.
