Morgan County Real Estate and Livability Trends
Morgan County, Illinois has seen a gradual increase in median home values, from $98,500 in 2015 to $122,000 in 2022, with these changes appearing more modest compared to broader state and national trends. The county's investment in energy-efficient home improvements is highlighted by a peak in residential energy tax credits of $3,433.33 in 2018. Real estate taxes per tax return have also climbed... Read more
Morgan County Market Trends
Over the past eight years, Morgan County, Illinois has seen a moderate climb in median home values from $98,500 in 2015 to $122,000 in 2022, which appears slower compared to statewide and national spikes. The county has also experienced a significant upward trend in average residential energy tax credits, peaking at $3,433.33 in 2018, indicating increased investment in energy-efficient home... Read more
Median Value of Occupied Housing Units in Morgan County, Illinois Over the Last 8 Years
Over the past eight years, Morgan County, Illinois has seen a gradual climb in median home values, jumping from $98,500 in 2015 to $122,000 by 2022. This local growth, while steady, appears more moderate when juxtaposed with the broader trends; Illinois surged from $173,800 to $239,100, and the national median value ballooned from $125,500 to $179,400 in the same period. For investors, buyers, or developers, the relative affordability and stable rise in Morgan County could signal a less volatile, more approachable market compared to statewide and national upticks.
Residential Energy Tax Credit Per Tax Return in Morgan County, IL Over the Last 9 Years
Morgan County, Illinois has seen significant fluctuations in the average residential energy tax credits per tax return over the past nine years. Starting from $405.26 in 2013, the value peaked dramatically in 2018 at $3,433.33, suggesting a surge in energy-efficient home improvements. While there's been some variability, the continued upward trend to $1,847.06 in 2021 implies a growing local investment in sustainable living. This could signal to potential buyers, builders, and real estate agents an increasing demand for energy-efficient homes, potentially affecting property values and insurance considerations in the area.
Average Real Estate Taxes Per Tax Return in Morgan County, IL Over the Last 10 Years
Morgan County, Illinois has experienced a noticeable upward trend in average real estate taxes per tax return over the last decade. Starting from $3,193.33 in 2012, taxes gradually increased to $5,015.00 by 2021. This could signal rising property values or adjustments in local tax rates, relevant for potential buyers, investors, appraisers, insurance agents, and real estate professionals. Such changes may impact the cost burden on homeowners and influence decisions on property investments and insurance premiums.
Percentage of Farm Returns in Morgan County, IL Over the Last 10 Years
Over the past decade, Morgan County, Illinois, has seen a subtle yet evident decline in the percentage of farm tax returns. In 2012, the farm return percentage was approximately 4.36%, which showed slight dips and minor fluctuations leading to 2021, landing at around 3.88%. While the changes are not drastic, the trend could imply a gradual decrease in farming activity or a shift in the economic focus of the region. These fluctuations in farm returns might be an indicator of evolving land use, possibly shifting towards more diversified economic activities or residential developments, which could be important for prospective investors or individuals considering a move to the county.
Number of Mortgages by Occupancy Type in Morgan County, IL Over the Last 5 Years in Morgan County
In Morgan County, Illinois, the number of mortgages for principal residences has shown variability, peaking in 2020 with 1,286 mortgages, then declining to 682 by 2022. Investment property mortgages have generally decreased from 97 in 2019 to 51 in 2022. Mortgages for second residences are consistently low across all years. These shifts might signify changing economic conditions or demographic trends impacting the county, which could influence decisions for investors, potential movers, and those involved in real estate and property insurance.
Economic Outlook
Morgan County, Illinois has witnessed a steady rise in average taxable income per tax return, growing from $51,487.64 in 2013 to $64,507.64 in 2021, particularly post-2017. State and local income taxes have also climbed, reaching $9,375.68 in 2021, reflecting increasing fiscal responsibilities for residents since 2018. Additionally, the total tax liability per tax return has varied, from a low of around $7,846.28 in 2018 to a peak of $8,981.51 in 2021, pointing to dynamic economic conditions... Read more
Average Taxable Income per Tax Return in Morgan County, IL over the last 9 years
Morgan County, Illinois has seen a steady increase in the average taxable income per tax return over the past nine years. From $51,487.64 in 2013 to $64,507.64 in 2021, there is a notable upward trend, especially post-2017. This rise could suggest a growing economic stability or increasing prosperity in the area, making it potentially attractive for investors and residents considering relocation or property development. However, it's also important to consider that other economic factors might influence this growth.
Average State and Local Income Taxes Per Tax Return in Morgan County, IL Over the Last 10 Years
In the last decade, Morgan County, Illinois has seen a notable rise in state and local income taxes per tax return, peaking at $9,375.68 in 2021. Despite some fluctuations, the consistent upward trend since 2018 signifies increasing fiscal responsibilities for residents. This uptick may impact decisions for potential investors and new residents keen on understanding tax burdens, making it a crucial factor in financial planning and property investment strategies in the county.
Average Total Tax Liability Per Tax Return in Morgan County, IL Over the Last 10 Years
Morgan County, Illinois, has seen fluctuating average total tax liabilities per tax return over the last decade, with amounts ranging from a low of approximately $7,846.28 in 2018 to a high of around $8,981.51 in 2021. These variations suggest dynamic economic conditions and possible shifts in income levels or tax policies affecting residents. For potential investors or those planning to build or move to Morgan County, understanding these tax trends could be crucial for financial planning and forecasting future economic landscapes.
Cost of Living in Morgan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,303 | $2,409 | $1,058 | $1,257 |
| 1 adult 4 children | $1,005 | $1,064 | $1,846 | $1,058 | $1,290 |
| 2 adults 3 children | $1,005 | $1,064 | $2,088 | $1,058 | $1,024 |
| 1 adult 3 children | $1,005 | $869 | $1,525 | $1,058 | $1,035 |
| 2 adults 2 children | $799 | $871 | $1,767 | $959 | $923 |
| 1 adult 2 children | $799 | $651 | $1,204 | $959 | $818 |
| 2 adults 1 child | $799 | $689 | $1,446 | $640 | $890 |
| 1 adult 1 child | $799 | $445 | $884 | $640 | $710 |
| 2 adults | $607 | $553 | $1,126 | $0 | $696 |
| 1 adult | $548 | $302 | $563 | $0 | $547 |
Safety trends & Data
Morgan County, Illinois has experienced a notable rise in property crime, particularly in larceny-theft and vandalism. Larceny-theft arrests jumped from 37.00 in 2021 to 103.00 in 2022, while vandalism arrests increased from 13.00 to 43.00. These trends could prompt law enforcement, real estate agents, and insurers to heighten their focus on security issues. Additionally, property appraisers and developers might need to factor in these risks when assessing value or planning new projects, making... Read more
Property Crime Trends in Morgan County, IL Over the Last 2 Years
Morgan County, Illinois has seen a significant uptick in property crime over the past two years. Major increases are noted in larceny-theft, which jumped from 37.0 arrests in 2021 to 103.0 arrests in 2022, and vandalism, rising from 13.0 to 43.0 arrests in the same period. These shifts might suggest growing opportunities for law enforcement, real estate agents, and insurers to address security concerns in their respective fields. Additionally, the increase in vandalism might influence appraisers and developers to reconsider safety measures in property valuations and new constructions. Investors and potential movers may find this data particularly relevant when assessing the safety and risk factors associated with the area.
Demographics
In Morgan County, Illinois, the adult population is nearly evenly split between men and women, suggesting balanced gender demographics. Educational attainment reveals a significant concentration of residents with high school diplomas or some college experience, while fewer individuals hold associate's degrees or higher education credentials. Age distribution indicates a considerable proportion of the population in the 25 to 64 age range, reflecting a workforce-centric demographic. Racially, the... Read more
Race Distribution in Morgan County, Illinois (2022)
Educational Attainment in Morgan County, Illinois (2022)
Age Distribution in Morgan County, Illinois
Citizen Population in Morgan County, Illinois (2022)
Political Trends & Data
Morgan County, Illinois, leaned heavily Republican in the 2020 U.S. Presidential Election, with about 65% of votes going to the GOP. Democrats took around 33%, showing a significant presence but not a dominant one. The Libertarian and Green parties had minimal influence, with around 1% or less of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Morgan County, Illinois, leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 65% of votes going to the Republican party. Democrats received around 33% of the vote, suggesting a significant, but not dominant, presence. The Libertarian and Green parties had minimal impact, each garnering roughly 1% or less, indicating limited local support for smaller parties. This distribution could reflect broader statewide or regional trends, providing insights into the political landscape and voter behavior in Morgan County.
64.99% of voters voted for the Republican party in the 2020 Presidential Election
33.16% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% 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
Morgan County, Illinois has seen student-to-teacher ratios wobble over the past nine years, hitting 8 students per teacher in 2022 and edging up to almost 10 in 2023—still below the national average of 14. This trend suggests smaller class sizes, which might hint at a higher quality of education. For real estate investors and homebuyers, this could boost the attractiveness of properties in the area. Lower ratios might also be a critical factor for insurance agents assessing risk and... Read more
Student-to-teacher ratio in Morgan County, Illinois over the last 9 years
Morgan County, Illinois has seen some fluctuation in student-to-teacher ratios over the last nine years, with a notable dip to 8 students per teacher in 2022 and slight increase to nearly 10 in 2023. This is below the current national average of 14 students per teacher, indicating smaller class sizes, which could imply more individualized attention for students. For those considering investing in or moving to the county, this might suggest a higher quality of education, potentially affecting real estate desirability. Lower ratios may influence insurance agents assessing risk and appraisers evaluating property values. Real estate agents could use this data to appeal to families prioritizing education.
