Monroe County Real Estate and Livability Trends
Monroe County, Illinois has seen housing values surge from $191,200.00 in 2015 to $254,100.00 in 2022, outpacing state and national averages. Real estate taxes rose from $4,239.55 in 2012 to $6,285.58 in 2021, suggesting higher costs for homeowners. The county's improved student-to-teacher ratio, dropping from 16 in 2014 to 11 in 2023, enhances its appeal for families seeking quality education.... Read more
Monroe County Market Trends
Monroe County, Illinois has experienced an upward trend in housing values, increasing from $191,200 in 2015 to $254,100 in 2022, surpassing both state and national growth rates. Residential energy tax credits peaked at $4,340.00 in 2018, reflecting a notable emphasis on energy-efficient home improvements, which could enhance property attractiveness. Meanwhile, real estate taxes have risen notably... Read more
Median Value of Occupied Housing Units in Monroe County, Illinois Over the Last 8 Years
Monroe County, Illinois has seen a consistent uptrend in median home values over the past eight years, spiking from $191,200 in 2015 to $254,100 in 2022. This localized growth outpaces both the state of Illinois and the national figures, with Illinois seeing an increase from $173,800 to $239,100 and the national median rising from $125,500 to $179,400 in the same timeframe. This suggests strong local demand and possible robustness in the housing market, presenting potential opportunities for investors and homebuyers interested in this region.
Residential Energy Tax Credit Per Tax Return in Monroe County, IL Over the Last 9 Years
Monroe County, Illinois, has seen notable fluctuations in average residential energy tax credits per tax return over the last nine years, with amounts ranging from $472.50 in 2013 to a peak of $4,340.00 in 2018. This indicates a growing investment in energy-efficient home improvements. The spike in 2018 and sustained high levels in subsequent years could be relevant for investors and appraisers considering property upgrades. These trends suggest that homeowners may benefit from lower utility costs and potential tax savings, which could increase property desirability for buyers. Insurance agents and real estate professionals might want to highlight these energy improvements when evaluating or marketing homes.
Average Real Estate Taxes Per Tax Return in Monroe County, IL Over the Last 10 Years
Real estate taxes in Monroe County, Illinois have shown a notable upward trend over the past decade, rising from approximately $4,239.55 in 2012 to around $6,285.58 by 2021. This gradual increase, particularly significant from 2016 onwards, suggests a growing burden for property owners. Such data could signal rising property values or shifts in municipal tax policies, potentially impacting decisions for investors, homebuyers, appraisers, insurance agents, and real estate agents.
Percentage of Farm Returns in Monroe County, IL Over the Last 10 Years
The percentage of farm tax returns in Monroe County, Illinois over the last decade has shown a consistent, albeit slight, decline from approximately 3.49% in 2012 to around 2.91% by 2021. Farm tax returns reflect the proportion of tax filings related to agricultural activities, indicating both the number of active farming enterprises and their economic stability. This gradual decrease may suggest shifts in land use, possibly due to urban development, economic pressures on small farmers, or changes in agricultural viability. For investors, property developers, or potential residents, recognizing these trends could be key to understanding land use dynamics and economic opportunities within the region.
Number of Mortgages by Occupancy Type in Monroe County, IL Over the Last 5 Years in Monroe County
Over the past five years, Monroe County, Illinois, has seen varying trends in mortgage types. Mortgages for principal residences have generally dominated, peaking at 3,516 in 2020 before declining to 1,444 in 2022. Investment property mortgages have remained relatively stable, fluctuating modestly around the 70-100 range. Mortgages for second residences have consistently been low, never exceeding 13. Shifts in occupancy types are crucial for investors, real estate agents, appraisers, and insurance agents as they can indicate changing housing demands and market stability. For instance, a spike in principal residence mortgages could signal robust housing demand, impacting property values and insurance premiums, while steady investment property numbers might imply stable rental markets.
Economic Outlook
Monroe County, Illinois has seen a generally upward trend in average taxable income, with a significant leap in 2021 to $99,401.99, pointing to a flourishing local economy and making the area enticing for potential investors or new residents. Alongside this, the average state and local income taxes per return have increased substantially, starting from approximately $6,500.00 in 2018 to $10,438.30 in 2021, an essential consideration for those analyzing the financial landscape. Over the past... Read more
Average Taxable Income per Tax Return in Monroe County, IL over the last 9 years
Monroe County, Illinois, has shown a generally upward trend in average taxable income per tax return over the past nine years, with a noticeable jump in 2021 reaching $99,401.99. This steady increase indicates a potentially thriving local economy, making the area attractive for investors or those considering relocating. Such income growth may also suggest a positive environment for real estate development and could appeal to residents seeking a community with increasing financial stability.
Average State and Local Income Taxes Per Tax Return in Monroe County, IL Over the Last 10 Years
Over the past decade, Monroe County, Illinois has seen a noticeable increase in average state and local income taxes per tax return, with a significant jump starting in 2018 where taxes surged from around $6,500.00 to approximately $9,500.00 and then continued rising to $10,438.30 by 2021. This surge suggests rising assessments or an improved economic status resulting in higher taxable incomes. Understanding these trends is crucial for potential investors, residents, or property developers aiming to analyze the fiscal landscape before making decisions related to finances or relocation in the area.
Average Total Tax Liability Per Tax Return in Monroe County, IL Over the Last 10 Years
Over the past decade in Monroe County, Illinois, there has been a notable increase in the average total tax liability per tax return, with figures climbing from $11,269.02 in 2012 to $16,647.05 in 2021. This trend could indicate a growing local economy or shifts in tax policy impacting residents. Notably, there's a substantial jump in 2021 that might be worth investigating for underlying factors. Investors and potential homebuyers should consider these tax dynamics as they could influence the overall cost of living and investment returns.
Cost of Living in Monroe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,220 | $1,456 | $1,847 | $1,533 | $1,494 |
| 1 adult 4 children | $1,220 | $1,189 | $1,420 | $1,533 | $1,575 |
| 2 adults 3 children | $1,220 | $1,189 | $1,598 | $1,533 | $1,237 |
| 1 adult 3 children | $1,220 | $971 | $1,172 | $1,533 | $1,329 |
| 2 adults 2 children | $942 | $974 | $1,350 | $1,384 | $1,055 |
| 1 adult 2 children | $942 | $727 | $923 | $1,384 | $1,042 |
| 2 adults 1 child | $942 | $769 | $1,102 | $897 | $988 |
| 1 adult 1 child | $942 | $497 | $675 | $897 | $848 |
| 2 adults | $749 | $618 | $853 | $0 | $753 |
| 1 adult | $705 | $337 | $427 | $0 | $611 |
Safety trends & Data
Monroe County, Illinois has seen some shifts in property crime over the past two years. Notably, burglary incidents dropped from 11 in 2021 to zero in 2022. Larceny-theft remained stable with one incident each year, while motor vehicle theft and fraud cases, recorded only in 2021, did not recur in 2022. Vandalism also saw a slight decrease. These trends might suggest a decline in certain property crimes, potentially easing concerns for investors, homebuyers, and insurance agents evaluating the... Read more
Property Crime Trends in Monroe County, IL Over the Last 2 Years
Monroe County, Illinois has shown fluctuations in property crime over the past two years. While burglary incidents were recorded at 11 in 2021, there were no reported cases in 2022. Larceny-theft remained consistent with one incident each year. Motor vehicle theft and fraud cases appeared only in 2021 with one and two incidents respectively. Vandalism cases decreased slightly from three in 2021 to two in 2022. These trends may indicate a downward shift in certain property crimes, which could be relevant for potential investors, homebuyers, and insurance agents assessing local risks.
Demographics
Monroe County, Illinois, exhibits a slightly higher female population compared to males. The educational attainment data may suggest a relatively well-educated population, with substantial numbers holding high school diplomas, some college experience, or higher degrees. The age distribution indicates a somewhat balanced age spread, though there seems to be a noticeable dip in the population for those in the 20 to 24-year bracket. The racial composition appears overwhelmingly White, with minimal... Read more
Race Distribution in Monroe County, Illinois (2022)
Educational Attainment in Monroe County, Illinois (2022)
Age Distribution in Monroe County, Illinois
Citizen Population in Monroe County, Illinois (2022)
Political Trends & Data
Monroe County, Illinois, appears to lean predominantly Republican, with roughly two-thirds of the vote supporting the GOP in the 2020 Presidential Election. Democrats garnered around 31% of the votes, while third parties like Libertarians and Greens received minimal backing. This conservative tilt might influence local policies and political strategies, potentially affecting real estate regulations and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Monroe County, Illinois, appears to lean predominantly Republican, with around two-thirds of the vote going to the GOP in the 2020 Presidential Election. Democrats saw support from roughly 31% of voters, while third parties like the Libertarians and Greens garnered minimal backing. This trend might suggest a strong conservative presence, potentially influencing local policies and political strategies.
66.87% of voters voted for the Republican party in the 2020 Presidential Election
31.06% of voters voted for the Democrat party in the 2020 Presidential Election
1.46% of voters voted for the Livertarian party in the 2020 Presidential Election
0.39% of voters voted for the Green party in the 2020 Presidential Election
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last nine years, the student-to-teacher ratio in Monroe County, Illinois has declined from 16 in 2014 to around 11 in 2023. This suggests an improving educational environment, especially compared to the national average of 14 students per teacher. Such trends could attract investors and families, as lower ratios often mean more individualized attention and potentially higher-quality education. Real estate agents might highlight this to demonstrate the county's commitment to education,... Read more
Student-to-teacher ratio in Monroe County, Illinois over the last 9 years
Over the last nine years, the student-to-teacher ratio in Monroe County, Illinois has seen a notable decline, dropping from 16 in 2014 to around 11 in 2023. This trend suggests an improving educational environment, particularly when compared to the national US average of 14 students per teacher. Such changes matter to prospective investors and families considering moving to the area, as lower student-to-teacher ratios can imply more individualized attention and potentially higher-quality education. Real estate agents might leverage this information to highlight the county's commitment to education, while appraisers and insurance agents could view it as a positive factor affecting property values and community stability. Lower ratios often appeal to those looking for a supportive and engaging learning environment for children.
