Montgomery County Real Estate and Livability Trends
Montgomery County, Illinois, has seen rising median home values from $78,300 in 2015 to $102,000 in 2022, presenting a more affordable option compared to state and national averages. Fluctuating residential energy tax credits, peaking at $3,775.00 in 2018, show a push toward energy-efficient home improvements, which could enhance property values. Increasing real estate taxes, reaching $4,407.69... Read more
Montgomery County Market Trends
Median home values in Montgomery County, Illinois have risen from $78,300 in 2015 to $102,000 in 2022, offering an attractive and affordable alternative to higher state and national averages. Fluctuating residential energy tax credits, peaking at $3,775.00 in 2018, highlight a growing emphasis on energy-efficient home improvements, which could boost property values. Increasing real estate taxes,... Read more
Median Value of Occupied Housing Units in Montgomery County, Illinois Over the Last 8 Years
Median home values in Montgomery County, Illinois have seen steady growth from $78,300 in 2015 to $102,000 in 2022, reflecting a consistent upward trend, ideal for potential investors and homebuyers alike. This growth, though robust, lags behind the statewide median values which surged from $173,800 to $239,100 in the same period, and also falls short of the national growth where values increased from $125,500 to $179,400. This relative affordability could position Montgomery County as an attractive option for those looking to invest or relocate without the higher prices seen at the state or national levels.
Residential Energy Tax Credit Per Tax Return in Montgomery County, IL Over the Last 9 Years
Montgomery County, Illinois has experienced fluctuating residential energy tax credits per tax return over the past nine years, with a noticeable surge beginning in 2016. Peaks include $3,775.00 in 2018 and $2,492.86 in 2019, indicating significant investments in energy-efficient home improvements or installations during these periods. For potential investors, homebuyers, real estate agents, and insurance agents, these trends could reflect a growing emphasis on sustainable living and rising property values tied to energy efficiency improvements.
Average Real Estate Taxes Per Tax Return in Montgomery County, IL Over the Last 10 Years
Montgomery County, Illinois has seen a consistent rise in average real estate taxes per tax return over the past decade. Starting from approximately $2,844.84 in 2012, the taxes have incrementally increased each year, peaking at around $4,407.69 in 2020. This upward trend could impact property valuations and insurance costs, making it crucial for potential investors, homeowners, and real estate agents to factor in higher carrying costs tied to escalating taxes. Buyers and builders should also consider these changes when planning long-term investments or developing properties within the county.
Percentage of Farm Returns in Montgomery County, IL Over the Last 10 Years
Montgomery County, Illinois has seen a slight decline in the percentage of farm tax returns over the past decade, with a peak in 2016 at approximately 6.16%. Recently, it dipped to a low of around 5.42% in 2020 before recovering somewhat to 5.71% in 2021. Farm tax returns, which are tax filings from agricultural businesses, provide insight into the economic health of the farming sector. These trends might suggest a gradual shift in the county’s agricultural landscape, possibly indicating either fluctuating farm incomes or changes in land use. This information could be crucial for potential investors and residents as it reflects broader economic shifts that could impact property values and local development.
Number of Mortgages by Occupancy Type in Montgomery County, IL Over the Last 5 Years in Montgomery County
Montgomery County, Illinois has seen varying trends in mortgage counts over the past five years, with the predominant focus on principal residences. The 2020 peak in principal residence mortgages (840) likely reflects a strong housing market or favorable lending conditions, which is crucial intel for investors and real estate agents. A consistent but lower demand for investment properties and second residences suggests a more stable long-term rental market and a cautious approach to vacation homes. For appraisers and insurance agents, these shifts offer insights into market dynamics and potential policy adjustments. Understanding these trends can inform decisions on property development and valuations, essential for all stakeholders, including developers and those considering a move to the area.
Economic Outlook
Montgomery County, Illinois has experienced a gradual increase in average taxable income per tax return, reaching $64,884.40 in 2021 from $51,009.64 in 2013. This upward trend hints at economic growth and rising incomes, appealing to prospective investors and relocators. Additionally, state and local income taxes per return have fluctuated significantly, peaking at $8,960.00 by 2021, reflecting potential shifts in local policies or income changes. Average total tax liability also shows an... Read more
Average Taxable Income per Tax Return in Montgomery County, IL over the last 9 years
Over the last nine years, Montgomery County, Illinois has seen a gradual increase in average taxable income per tax return, now standing at $64,884.40 in 2021. This upward trend suggests potential economic growth and rising income levels, which might appeal to prospective investors and those considering relocating. The significant jump from $51,009.64 in 2013 to the current figure offers a promising outlook for property developers and real estate markets in the area.
Average State and Local Income Taxes Per Tax Return in Montgomery County, IL Over the Last 10 Years
Montgomery County, Illinois has seen significant fluctuations in average state and local income taxes per tax return over the last decade. Starting at $5,125.12 in 2012, the amount peaked at $8,960.00 by 2021. Noteworthy is the sharp rise post-2017, indicating potential shifts in local economic policies or changes in resident income levels, making it essential for investors and new residents to consider the evolving tax landscape when evaluating the area.
Average Total Tax Liability Per Tax Return in Montgomery County, IL Over the Last 10 Years
Montgomery County, Illinois has seen notable fluctuations in average total tax liability per tax return over the past decade, with figures oscillating between approximately $7,309.03 in 2012 and $8,946.44 in 2021. The overall trend suggests a general increase, peaking in 2021. This could be of particular interest to potential investors or residents assessing regional economic conditions and fiscal changes.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,027 | $1,331 | $2,449 | $1,058 | $1,331 |
| 1 adult 4 children | $1,027 | $1,087 | $1,877 | $1,058 | $1,371 |
| 2 adults 3 children | $1,027 | $1,087 | $2,122 | $1,058 | $1,089 |
| 1 adult 3 children | $1,027 | $888 | $1,551 | $1,058 | $1,106 |
| 2 adults 2 children | $774 | $890 | $1,796 | $959 | $951 |
| 1 adult 2 children | $774 | $665 | $1,224 | $959 | $850 |
| 2 adults 1 child | $774 | $704 | $1,470 | $640 | $912 |
| 1 adult 1 child | $774 | $454 | $898 | $640 | $725 |
| 2 adults | $594 | $565 | $1,144 | $0 | $715 |
| 1 adult | $582 | $308 | $572 | $0 | $573 |
Safety trends & Data
In Montgomery County, Illinois, property crime spiked significantly in 2022, with larceny-thefts surging from 22 to 119 cases. Fraud incidents rose from 6 to 23, and vandalism climbed from 2 to 9. This escalation could potentially impact property values and insurance premiums, and the rise in burglaries from 0 to 16 suggests that enhanced security measures may be necessary. These changes are critical for real estate agents, investors, and property managers to... Read more
Property Crime Trends in Montgomery County, IL Over the Last 2 Years
Montgomery County, Illinois, saw a drastic increase in property crimes in 2022 compared to 2021, particularly with larceny-thefts rising from 22 to 119 cases. There were notable upticks in fraud cases, jumping from 6 to 23, and vandalism incidents increasing from 2 to 9. For real estate agents and potential investors, this spike may affect property values and insurance premiums. The rise in burglaries from 0 to 16 could signal a need for improved security measures, a relevant consideration for those in property management or development.
Demographics
Montgomery County, Illinois is showing an interesting gender distribution with slightly more males than females. When it comes to educational attainment, the majority have completed high school, while a smaller percentage possess an associate's, bachelor's, or graduate degree. There's a broad age spread, but residents primarily fall between the ages of 35 to 44 and 55 to 64 years. The population is predominantly White, with minimal representation from other racial groups. These trends are... Read more
Race Distribution in Montgomery County, Illinois (2022)
Educational Attainment in Montgomery County, Illinois (2022)
Age Distribution in Montgomery County, Illinois
Citizen Population in Montgomery County, Illinois (2022)
Political Trends & Data
Montgomery County, Illinois, might be influenced by its Republican-leaning electorate, with the party securing approximately 69.5% of the votes in the 2020 Presidential Election. This pronounced preference could play a role in shaping community priorities and developmental policies, potentially impacting real estate investments and market dynamics in the area. The minimal support for third parties underscores a strong two-party system, which might reflect a political stability attractive to... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Montgomery County, Illinois, the 2020 U.S. Presidential Election saw a notable leaning towards the Republican party, which potentially reflects broader regional voting behaviors. The Republican party secured around 69.5% of the votes, considerably outpacing the Democratic party's 28.4%. Votes for third-party candidates, including the Libertarian and Green parties, were minimal, suggesting a strong two-party preference among the electorate.
69.53% of voters voted for the Republican party in the 2020 Presidential Election
28.45% of voters voted for the Democrat party in the 2020 Presidential Election
1.49% 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
0.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Montgomery County, Illinois has dropped from 21 in 2014 to just over 13 recently, falling below the national average of 14. This could signal improved individual educational attention, making the area more appealing for families prioritizing schooling. This trend might positively impact property values and appraisals, as well as influence decisions about new property developments or educational infrastructure... Read more
Student-to-teacher ratio in Montgomery County, Illinois over the last 9 years
The student-to-teacher ratio in Montgomery County, Illinois has seen a significant decrease over the last nine years, moving from a high of 21 in 2014 to approximately 14 by 2019, and further dropping to just above 13 in recent years. These changes put Montgomery County below the national average of 14 students per teacher as of 2020. For investors, real estate agents, and potential residents, a declining student-to-teacher ratio could signal improved educational attention per student, potentially making the area more attractive for families prioritizing education. Lower ratios may also impact appraisals and property values positively, as well as influence decisions related to building new properties or expanding educational infrastructure.
