Ogle County Real Estate and Livability Trends
Ogle County, Illinois has seen a consistent rise in average taxable income per tax return, which jumped from $53,862.62 in 2013 to $71,112.03 in 2021, suggesting economic growth and potentially more disposable income among its residents. Median home values have also risen steadily from $140,000 in 2015 to $172,900 in 2022, indicating potential value for buyers compared to the state's average. The... Read more
Ogle County Market Trends
Median home values in Ogle County have consistently risen, from $140,000 in 2015 to $172,900 in 2022, suggesting potential value for buyers compared to Illinois' higher state average. Notably, the residential energy tax credit per tax return spiked dramatically to $2920.00 in 2018, reflecting a surge in energy-efficient home improvements and potentially appealing to eco-conscious buyers. Real... Read more
Median Value of Occupied Housing Units in Ogle County, Illinois Over the Last 8 Years
Median home values in Ogle County have shown a consistent upward trend over the last eight years, rising from $140,000 in 2015 to $172,900 in 2022. Although Ogle County's housing values are increasing, they still fall below Illinois' state average, which climbed from $173,800 in 2015 to $239,100 in 2022. This gap might suggest potential value for investors and homebuyers looking for more affordable options within Illinois. Comparing nationally, Ogle County's growth rate aligns with the overall U.S. trend, where the median value grew from $125,500 in 2015 to $179,400 in 2022. This context is crucial for those considering real estate investments, as it highlights Ogle County as an area with growth potential, yet still provides relatively more affordable housing compared to state averages.
Residential Energy Tax Credit Per Tax Return in Ogle County, IL Over the Last 9 Years
The residential energy tax credit per tax return in Ogle County, Illinois has shown notable fluctuations over the past nine years. From 2013 to 2017, the credits varied modestly, with an increase from $300.00 in 2013 to $466.67 in 2017. However, 2018 marked a dramatic spike to $2920.00, highlighting increased investment in energy-efficient home improvements. Though the subsequent years saw a decline, the credit levels remained significantly higher than pre-2018 levels, stabilizing around the $1300.00 to $1400.00 range in 2020 and 2021. This trend may suggest a growing emphasis on sustainable practices in the county, potentially boosting property values and appealing to eco-conscious buyers and investors.
Average Real Estate Taxes Per Tax Return in Ogle County, IL Over the Last 10 Years
Ogle County, Illinois has seen a notable increase in the average real estate taxes per tax return over the past decade. Starting at around $4,058.23 in 2012, taxes dipped slightly but started a steady climb from 2016 onwards, reaching approximately $5,717.71 by 2021. This upward trend may be indicative of rising property values or changes in local tax policies. For prospective property investors or real estate agents, this could suggest potential for increased property appraisals or higher operational costs. Meanwhile, for residents and insurance agents, this could mean adjusting budgets or premiums in accordance with the higher tax rates.
Percentage of Farm Returns in Ogle County, IL Over the Last 10 Years
In Ogle County, Illinois, the percentage of farm tax returns has seen a gradual decline over the past decade. Starting at roughly 4.06% in 2012, the figure dipped to about 3.73% by 2021. This trend suggests that while farming remains a significant part of the local economy, its share in the overall tax base might be shrinking slightly. For potential investors, property developers, or new residents, this could imply evolving land use patterns and a diversified economic landscape. Understanding farm tax returns is crucial as they reflect agricultural income and provide insights into the financial health and sustainability of farming operations within the county.
Number of Mortgages by Occupancy Type in Ogle County, IL Over the Last 5 Years in Ogle County
In Ogle County, Illinois, the trend in mortgage counts over the past five years shows a significant dominance of principal residence mortgages, peaking in 2020 with 3,185 counts. Investment property mortgages had relatively stable numbers, but there's been a slight decrease from 172 in 2020 to 126 in 2022. Second residence mortgages remain minimal throughout, never exceeding 35 annually. Such changes in occupancy type are crucial as they can reflect shifts in the local housing market dynamics, influencing property values, rental market potential, and possibly affecting local economies and community compositions. Investors, real estate agents, and insurance agents need to consider these trends for making informed decisions.
Economic Outlook
Ogle County, Illinois has experienced a consistent increase in average taxable income per tax return over the past nine years, jumping from $53,862.62 in 2013 to $71,112.03 in 2021, with notable spikes around 2018 and 2020. This suggests economic growth and potentially more disposable income among residents, presenting opportunities for investors, homebuilders, and prospective residents. Concurrently, state and local income taxes have risen, with a peak average of $7,780.00 in 2021, reflecting... Read more
Average Taxable Income per Tax Return in Ogle County, IL over the last 9 years
Over the last nine years, Ogle County, Illinois has seen a general upward trend in average taxable income per tax return, rising from $53,862.62 in 2013 to $71,112.03 in 2021. Notable increases occurred around 2018 and 2020, suggesting potential economic growth or changes in local economic factors during those periods. For investors, homebuilders, and prospective residents, this might hint at a strengthening local economy and more robust disposable incomes among the population, possibly translating to enhanced market opportunities and a favorable environment for new projects.
Average State and Local Income Taxes Per Tax Return in Ogle County, IL Over the Last 10 Years
Ogle County, Illinois has seen a notable rise in average state and local income taxes per tax return over the past decade, peaking at $7,780.00 in 2021. This increasing trend, especially significant leaps in 2018 and 2019, reflects the broader economic shifts and possibly higher earning brackets or increased tax rates. Such data is crucial for potential investors or residents evaluating the area's economic landscape and cost implications for long-term financial planning.
Average Total Tax Liability Per Tax Return in Ogle County, IL Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Ogle County, Illinois has shown an upward trend, peaking at $9,853.52 in 2021. This increase could reflect various economic factors and might be relevant for investors and residents considering the area's fiscal landscape. While there were slight dips in specific years, the general trajectory suggests a rising tax burden, which is essential to consider for long-term financial planning and property investment decisions.
Cost of Living in Ogle County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,101 | $1,480 | $2,450 | $1,194 | $1,501 |
| 1 adult 4 children | $1,101 | $1,209 | $1,878 | $1,194 | $1,549 |
| 2 adults 3 children | $1,101 | $1,209 | $2,124 | $1,194 | $1,239 |
| 1 adult 3 children | $1,101 | $987 | $1,552 | $1,194 | $1,267 |
| 2 adults 2 children | $865 | $990 | $1,797 | $1,076 | $1,057 |
| 1 adult 2 children | $865 | $739 | $1,225 | $1,076 | $986 |
| 2 adults 1 child | $865 | $782 | $1,471 | $692 | $993 |
| 1 adult 1 child | $865 | $505 | $899 | $692 | $797 |
| 2 adults | $657 | $628 | $1,144 | $0 | $768 |
| 1 adult | $611 | $343 | $572 | $0 | $602 |
Safety trends & Data
Ogle County, Illinois has exhibited a minimal property crime rate recently, with just one burglary in 2021 and a single larceny-theft in 2022. Such trends may suggest a safer environment, making it an attractive area for real estate investors, appraisers, and insurance agents. The relative safety could potentially enhance the market's appeal to prospective buyers and... Read more
Property Crime Trends in Ogle County, IL Over the Last 2 Years
Ogle County, Illinois has seen low levels of property crime over the last two years, with only a single burglary reported in 2021 and one instance of larceny-theft in 2022. These trends may suggest a relatively low property crime rate, potentially indicating a safer environment for residents and a stable market for real estate investors. The minimal crime incidents can be an attractive factor for appraisers, insurance agents, and those looking to build or purchase property in the area.
Demographics
Ogle County, Illinois, exhibits a balanced gender distribution with slightly more females than males among adults. Education levels reveal a significant portion of residents are high school graduates or have attended some college, but fewer hold advanced degrees. Age demographics indicate a substantial mature population, with a notable number of residents aged 55 and above. Racially, the county is predominantly White, with smaller representations from other race categories. These trends suggest... Read more
Race Distribution in Ogle County, Illinois (2022)
Educational Attainment in Ogle County, Illinois (2022)
Age Distribution in Ogle County, Illinois
Citizen Population in Ogle County, Illinois (2022)
Political Trends & Data
Ogle County, Illinois, exhibits a strong Republican lean with conservative candidates consistently outpacing their Democratic counterparts. This considerable Republican majority points to a relatively challenging political climate for liberal candidates. Minor parties such as the Libertarians and Greens hold only marginal support, reinforcing the area's two-party system. These voting patterns may signal broader political trends and can influence both state and national electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ogle County, Illinois, tends to lean significantly toward Republican candidates, reflecting a stable conservative voter base. While Democrats account for a considerable portion of the vote share, they trail notably behind, suggesting a challenging environment for liberal candidates. Minor parties like the Libertarians and Greens have marginal support, highlighting a predominantly two-party system in the region. The voting patterns could indicate broader state and national trends, providing insights into electoral strategies and future political shifts.
61.85% of voters voted for the Republican party in the 2020 Presidential Election
35.89% of voters voted for the Democrat party in the 2020 Presidential Election
1.48% of voters voted for the Livertarian party in the 2020 Presidential Election
0.54% of voters voted for the Green party in the 2020 Presidential Election
0.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ogle County, Illinois has experienced a steady decline in its student-to-teacher ratio over the past nine years, dropping from nearly 14 in 2014 to about 11.6 in 2023. This trend could indicate smaller class sizes, appealing to families looking for more personalized education for their children. For real estate professionals, this might suggest increased demand for housing in the county, driven by its potentially superior schooling environment compared to the national average of 14 students per... Read more
Student-to-teacher ratio in Ogle County, Illinois over the last 9 years
Ogle County, Illinois has seen a declining student-to-teacher ratio over the last nine years, from a high of approximately 14 in 2014 to around 12 in 2020, eventually reaching about 11.6 in 2023. This decreasing trend might suggest smaller class sizes, which could be appealing to families prioritizing individualized attention for their children. For real estate agents and investors, this could signal an uptick in demand for housing in areas with better schooling environments. Appraisers and insurance agents might also find these trends relevant when considering the long-term stability and desirability of properties in the county. Comparatively, Ogle County's current ratio is below the national average student-to-teacher ratio of 14 students per teacher, enhancing its attractiveness for those valuing education quality.
