Perry County Real Estate and Livability Trends
Perry County, Illinois is seeing interesting shifts in real estate market dynamics. The average home value jumped from $85,800 in 2021 to $102,000 in 2022, presenting an enticing opportunity for buyers looking for more affordable options compared to the state's median of $239,100. Despite this increase, property taxes have risen substantially, climbing from $2,462.76 in 2012 to $3,861.11 in 2020,... Read more
Perry County Market Trends
Perry County, Illinois’s real estate market shows distinct trends worth noting. The median home values have jumped from $85,800 in 2021 to $102,000 in 2022, a significant local increase, yet still lag behind the state median of $239,100 and national median of $179,400. This disparity could hint at investment opportunities for buyers seeking more affordable homes. Residential energy tax credits... Read more
Median Value of Occupied Housing Units in Perry County, Illinois Over the Last 8 Years
In Perry County, Illinois, median home values have experienced marked growth, particularly jumping from $85,800 in 2021 to $102,000 in 2022. While this increase is significant locally, Perry County's 2022 median value still trails the state median of $239,100 and the national median of $179,400. This disparity may suggest potential for real estate investments, given the county's lower starting values could attract buyers looking for more affordable options compared to overall Illinois and U.S. metrics.
Residential Energy Tax Credit Per Tax Return in Perry County, IL Over the Last 8 Years
Perry County, Illinois has seen significant fluctuations in residential energy tax credits per tax return over the past eight years, with notable spikes in 2019 hitting $2522.22 and dips following that peak. The average credit generally increased, suggesting a growing investment in energy-efficient home improvements. However, the drop in 2020 to $1521.43 and further to $1000.00 in 2021 might indicate market adjustments or shifts in homeowner priorities. These trends can offer key insights for energy-focused investors, real estate agents, insurance agents, and those considering building or upgrading homes within the area.
Average Real Estate Taxes Per Tax Return in Perry County, IL Over the Last 10 Years
Perry County, Illinois has seen a steady upward trend in average real estate taxes per tax return over the past decade, increasing from $2,462.76 in 2012 to a peak of $3,861.11 in 2020. This suggests escalating property tax burdens, likely reflecting rising property values or increased tax rates. For potential investors and real estate professionals, this trend may signal both an appreciating market and higher overhead costs. Insurance agents and appraisers should also note this trend as it impacts property valuations and risk assessments. Current residents and those considering moving to Perry County might want to factor in these climbing taxes when budgeting for long-term housing costs.
Percentage of Farm Returns in Perry County, IL Over the Last 10 Years
Over the past decade, Perry County, Illinois has seen fluctuating percentages of farm tax returns, with rates generally hovering around the 4.5% to 5% mark. The highest recorded percentage was 5.04% in 2012, while 2020 saw a noticeable dip to 3.85%. These farm tax return figures are crucial for local policymakers and investors as they can provide insights into the region's agricultural activity and economic health. For potential investors or residents, understanding these trends might suggest stability or changes in the local farming economy, possibly influencing decisions on property investments or business ventures in Perry County.
Number of Mortgages by Occupancy Type in Perry County, IL Over the Last 5 Years in Perry County
The number of mortgages in Perry County, Illinois has shown varied trends over the last five years, with principal residences consistently dominating the market. The slight fluctuations in investment property mortgages suggest a stable yet modest interest in such properties. Meanwhile, second residences have seen minor changes, indicating this segment’s limited yet specific niche appeal. These shifts carry significance for investors eyeing stable returns, potential homeowners evaluating market conditions, appraisers needing accurate assessments, and real estate agents tailoring their strategies. Understanding these occupancy type dynamics helps map out the financial landscape and identify growth or risk areas for future developments.
Economic Outlook
Over the past nine years, Perry County, Illinois has seen a surge in average taxable income per tax return, rising from $44,823.20 in 2013 to $57,312.95 in 2021. State and local income taxes per tax return have generally increased, with a significant jump from $4,267.94 in 2012 to $6,240.00 in 2021, despite some dips. The average total tax liability per tax return has fluctuated, peaking at $7,156.36 in 2021. These economic trends may indicate a strengthening local economy, making Perry County... Read more
Average Taxable Income per Tax Return in Perry County, IL over the last 9 years
Over the past nine years, Perry County, Illinois has experienced a notable increase in average taxable income per tax return, starting from $44,823.20 in 2013 and reaching $57,312.95 in 2021. This upward trend suggests a potentially strengthening local economy, which might appeal to investors and those looking to build property. However, prospective residents and business owners should consider other economic factors and local developments that accompany this growth.
Average State and Local Income Taxes Per Tax Return in Perry County, IL Over the Last 10 Years
In Perry County, Illinois, the average state and local income taxes per tax return have generally increased over the last decade, jumping from $4,267.94 in 2012 to $6,240.00 in 2021. Notable dips occurred in 2015 and 2016, where the averages fell to $3,963.39 and $3,770.37, respectively. However, the overall trend suggests heightened tax burdens, reflecting potential changes in local fiscal policies and economic conditions. This uptick is crucial for those considering investments, relocations, or new property developments in the area, as it directly impacts the cost of living and financial planning for residents.
Average Total Tax Liability Per Tax Return in Perry County, IL Over the Last 10 Years
Over the last decade, Perry County, Illinois has seen fluctuations in the average total tax liability per tax return, starting at $5,551.24 in 2012 and peaking at $7,156.36 in 2021. There were notable increases in 2014, 2017, and especially 2021, with occasional drops or stagnation in other years. These trends may be relevant for potential investors, property developers, and residents, indicating changing financial commitments and possibly reflecting broader economic shifts within the county. This data could inform economic planning and personal financial expectations for those connected to Perry County.
Cost of Living in Perry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,100 | $1,263 | $2,902 | $1,058 | $1,505 |
| 1 adult 4 children | $1,100 | $1,031 | $2,227 | $1,058 | $1,533 |
| 2 adults 3 children | $1,100 | $1,032 | $2,514 | $1,058 | $1,238 |
| 1 adult 3 children | $1,100 | $842 | $1,839 | $1,058 | $1,242 |
| 2 adults 2 children | $774 | $844 | $2,126 | $959 | $1,024 |
| 1 adult 2 children | $774 | $631 | $1,451 | $959 | $919 |
| 2 adults 1 child | $774 | $667 | $1,738 | $640 | $971 |
| 1 adult 1 child | $774 | $431 | $1,063 | $640 | $762 |
| 2 adults | $590 | $536 | $1,350 | $0 | $758 |
| 1 adult | $531 | $292 | $675 | $0 | $577 |
Demographics
Perry County, Illinois exhibits interesting demographic patterns, with males comprising a larger proportion (approximately 56%) of the adult population compared to females. Educational attainment varies significantly, with a considerable number of residents having completed some college but lacking a degree. The age distribution indicates a relatively balanced spread, but there's a notable concentration in the 25 to 64 years demographic, suggesting a potentially active workforce. Racially, the... Read more
Race Distribution in Perry County, Illinois (2022)
Educational Attainment in Perry County, Illinois (2022)
Age Distribution in Perry County, Illinois
Citizen Population in Perry County, Illinois (2022)
Political Trends & Data
Perry County, Illinois showed a notable preference for Republican candidates in the 2020 U.S. Presidential Election, with around 73% of votes. Democrats appeared to secure roughly 26%, while Libertarians and Greens each got less than 1%. This Republican leaning might impact local and state policies, reflecting conservative values that could shape real estate trends, including regulatory environments and property... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Perry County, Illinois, the 2020 U.S. Presidential Election seemed to display a strong preference for Republican candidates, with nearly 73% of the votes. The Democrats might have captured close to 26% of the electorate, while Libertarians and Greens each garnered less than 1%. These figures could indicate a substantial leaning towards Republican values in this area, potentially influencing local and state policies.
72.74% of voters voted for the Republican party in the 2020 Presidential Election
25.98% of voters voted for the Democrat party in the 2020 Presidential Election
0.69% of voters voted for the Livertarian party in the 2020 Presidential Election
0.52% of voters voted for the Green party in the 2020 Presidential Election
0.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
Perry County, Illinois has seen its student-to-teacher ratio fluctuate over the past nine years, peaking at fifteen students per teacher in 2016 and dropping to about twelve students per teacher in 2022. Compared to the current U.S. national average of fourteen, Perry County's lower ratios suggest potentially smaller class sizes, which could be a draw for families prioritizing education. This can signal a stable or even attractive factor for prospective homebuyers, investors, and appraisers,... Read more
Student-to-teacher ratio in Perry County, Illinois over the last 9 years
Over the past nine years, Perry County, Illinois has experienced fluctuation in its student-to-teacher ratio, peaking at fifteen students per teacher in 2016 and dipping to nearly twelve students per teacher in 2022. Compared to the current U.S. national average of fourteen students per teacher, Perry County mostly trends lower, suggesting potentially smaller class sizes which can be attractive for families considering moving to the area. For real estate agents, investors, and appraisers, this can indicate a stable or even appealing factor for prospective homebuyers prioritizing education quality. Smaller class sizes could be seen as a positive for insurance agents and property developers as well, as they may correlate with a strong, community-focused environment.
