Pike County Real Estate and Livability Trends
Pike County, Illinois has trended upward in average taxable income, jumping from $44,457.25 in 2013 to $62,544.98 in 2021, hinting at growing economic stability. Over the past eight years, median home values have climbed from $75,300 to $97,000, though this growth lags behind broader state and national trends. Interestingly, the student-to-teacher ratio has dropped significantly from 27 in 2014... Read more
Pike County Market Trends
Pike County, Illinois, has experienced steady yet modest growth in the median value of occupied housing units, with an increase from $75,300 to $97,000 over the past eight years, which trails behind the more rapid state and national growth rates. Despite peaking at $1,842.86 in 2020, average residential energy tax credits have been notably erratic, ranging from $360.00 to over $1,275.00, likely... Read more
Median Value of Occupied Housing Units in Pike County, Illinois Over the Last 8 Years
Pike County, Illinois has seen a steady increase in the median value of occupied housing units over the past eight years, rising from $75,300 in 2015 to $97,000 in 2022. While this $21,700 increase is significant locally, it lags behind the broader trends seen at the state and national levels. In comparison, Illinois' median home values climbed from $173,800 to $239,100, and the United States' overall values saw an even sharper rise from $125,500 to $179,400 during the same period. This slower growth rate could imply a more stable or slower-moving housing market in Pike County, potentially appealing to budget-conscious buyers or investors looking for less volatile markets.
Residential Energy Tax Credit Per Tax Return in Pike County, IL Over the Last 8 Years
Over the last eight years, Pike County, Illinois has seen significant fluctuations in the average residential energy tax credit per tax return. Peaking at $1,842.86 in 2020, the values ranged from just $360.00 in 2017 to over $1,275.00 in 2021. This variable trend can signal changes in tax policy, installation rates of energy-efficient systems, or evolving economic conditions affecting local homeowners. Such data is crucial for investors, builders, and insurance agents looking to understand economic incentives and the evolving landscape of residential energy efficiency in the area.
Average Real Estate Taxes Per Tax Return in Pike County, IL Over the Last 10 Years
Over the past decade, Pike County, Illinois has experienced a significant upward trend in average real estate taxes per tax return. From $2,629.41 in 2012, these taxes have surged to $4,725.00 by 2021. This 79.72% increase may suggest rising property values or reassessments which could impact investment decisions, insurance costs, and appraisal values. This is particularly crucial information for those looking to move to the area or build property, as it indicates a possibly growing market with increasing fiscal demands.
Percentage of Farm Returns in Pike County, IL Over the Last 10 Years
Farm tax returns in Pike County, Illinois have shown a slight decline over the past decade, from a peak of approximately 10.85% in 2012 and 2013 to around 9.80% in 2021. This trend could imply that there is a gradual shift in the economic activities within the county, potentially making it an intriguing area for investors to consider shifts towards alternative land uses or developments. For those looking to build property, understanding these trends can offer insights into the evolving local economy. Farm tax returns represent a critical metric for gauging the health and scale of agricultural operations, thus reflecting broader economic conditions.
Number of Mortgages by Occupancy Type in Pike County, IL Over the Last 5 Years in Pike County
Over the last five years in Pike County, Illinois, mortgage data indicates a decrease in the number of principal residence mortgages, with the highest count in 2020 at 341 and a noticeable drop to 211 in 2022. Investment property mortgages and second residences have remained relatively stable but much lower in volume. For potential investors, changes in principal residence mortgages might suggest evolving housing demand dynamics, impacting property values and rental markets. Real estate agents and developers can infer potential shifts in homebuyer preferences, possibly guiding where and what type of properties to develop. Insurance agents might adjust their risk assessments based on these trends, while appraisers can better align property valuations with actual market activity.
Economic Outlook
Average taxable income in Pike County, Illinois has trended upward from $44,457.25 in 2013 to $62,544.98 in 2021, hinting at economic stability and gradual wealth accumulation. Meanwhile, state and local income taxes have fluctuated, peaking at $6,850.00 in 2020 and dipping to $4,247.56 in 2016, suggesting volatility in tax burdens. Total tax liabilities per return have generally increased, from $7,074.04 in 2012 to $8,665.22 in 2021, potentially influenced by rising incomes or tax code... Read more
Average Taxable Income per Tax Return in Pike County, IL over the last 9 years
Average taxable income per tax return in Pike County, Illinois has shown a notable upward trend over the last nine years. Starting from $44,457.25 in 2013, it saw an increase nearly every year, reaching $62,544.98 in 2021. This growth suggests potential for economic stability and gradual wealth accumulation for residents, making it an interesting consideration for investors, prospective movers, and property developers eyeing long-term gains in the region.
Average State and Local Income Taxes Per Tax Return in Pike County, IL Over the Last 10 Years
Over the last decade, Pike County, Illinois has seen noticeable fluctuations in average state and local income taxes per tax return. Peaking at $6,850.00 in 2020 and reaching a low of $4,247.56 in 2016, the trend suggests volatility in tax burdens that potential investors and residents should consider. This variation could impact decisions about property investment, budget planning, and long-term financial commitments in the area. Such swings in tax liability underscore the importance of keeping abreast of local fiscal policies and their implications on personal and business finances.
Average Total Tax Liability Per Tax Return in Pike County, IL Over the Last 10 Years
Over the past decade in Pike County, Illinois, average total tax liabilities per tax return have shown variable but generally increasing trends. Starting from $7,074.04 in 2012, the average dipped to $6,596.17 in 2013, and then saw a general upward trajectory, reaching $8,665.22 by 2021. This could suggest a variety of economic factors at play, from rising incomes to changes in deductions or other tax code adjustments. For investors or potential residents, understanding these shifts could inform decisions about the financial landscape of the county.
Cost of Living in Pike County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $942 | $1,319 | $2,409 | $1,058 | $1,300 |
| 1 adult 4 children | $942 | $1,077 | $1,846 | $1,058 | $1,342 |
| 2 adults 3 children | $942 | $1,078 | $2,088 | $1,058 | $1,062 |
| 1 adult 3 children | $942 | $880 | $1,525 | $1,058 | $1,081 |
| 2 adults 2 children | $774 | $882 | $1,767 | $959 | $962 |
| 1 adult 2 children | $774 | $659 | $1,204 | $959 | $872 |
| 2 adults 1 child | $774 | $697 | $1,446 | $640 | $925 |
| 1 adult 1 child | $774 | $450 | $884 | $640 | $741 |
| 2 adults | $588 | $560 | $1,126 | $0 | $726 |
| 1 adult | $584 | $305 | $563 | $0 | $589 |
Safety trends & Data
Pike County, Illinois, has seen some intriguing trends in property crime. Arson spiked from 1 case in 2021 to 5 in 2022, while burglary saw a dramatic drop from 5 to just 1. Larceny-theft cases dropped from 17 to 6, and vandalism was halved from 10 to 4. Interestingly, fraud remained consistent at 4 cases annually, and a single instance of motor vehicle theft emerged in 2022. These patterns could catch the interest of investors and developers who track evolving crime rates when selecting new... Read more
Property Crime Trends in Pike County, IL Over the Last 2 Years
Property crime trends in Pike County, Illinois indicate a notable increase in arson cases, rising from 1 instance in 2021 to 5 in 2022. Burglary incidents, however, saw a significant decrease, dropping from 5 to just 1 over the same period. Larceny-theft also experienced a sharp decline, from 17 cases in 2021 to 6 in 2022. Vandalism cases were halved, from 10 to 4, while fraud remained steady at 4 cases each year. There was also a new occurrence of motor vehicle theft with 1 recorded instance in 2022. This overall trend may interest potential investors or property developers looking for areas with evolving crime patterns.
Demographics
Pike County, Illinois, shows a slightly higher female population compared to males. In terms of educational attainment, the majority have completed high school, though a smaller percentage hold bachelor's or advanced degrees. The population is predominantly white, with minimal representation from other racial groups. Age-wise, the county has a balanced age distribution, with significant portions in both the younger and older brackets, suggesting a diverse age demographic. This mix of... Read more
Race Distribution in Pike County, Illinois (2022)
Educational Attainment in Pike County, Illinois (2022)
Age Distribution in Pike County, Illinois
Citizen Population in Pike County, Illinois (2022)
Political Trends & Data
Pike County, Illinois, heavily leaned towards the Republican party in the 2020 U.S. Presidential Election, with almost 80% of the vote. The Democratic party captured just under 19%, while minor parties contributed minimally. This data might suggest entrenched conservative values prevalent in the county's political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Pike County, Illinois, the 2020 U.S. Presidential Election saw a strong leaning towards the Republican party, which garnered nearly 80% of the vote. The Democratic party trailed significantly with just under 19%. Minor parties, including the Libertarian, Green, and other parties, made up a very small fraction of the vote, suggesting a political landscape heavily dominated by the two major parties, primarily the Republicans. This trend might point to deeply rooted conservative values within the county.
79.66% of voters voted for the Republican party in the 2020 Presidential Election
18.67% of voters voted for the Democrat party in the 2020 Presidential Election
1.38% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.10% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Pike County, Illinois has plummeted from 27 in 2014 to around 11 in 2023, significantly below the national average of 14. This could entice families seeking improved educational opportunities, possibly boosting property values and attracting real estate investors. Lower ratios may also elevate local school quality assessments, affecting insurance evaluations and community-focused development projects. This trend suggests a move towards more personalized... Read more
Student-to-teacher ratio in Pike County, Illinois over the last 9 years
Over the past nine years, the student-to-teacher ratio in Pike County, Illinois has decreased significantly from 27 students per teacher in 2014 to nearly 11 students per teacher in 2023. This marked improvement brings Pike County below the national average of 14 students per teacher, possibly indicating smaller class sizes and more personalized attention for students. This could be appealing to families considering moving to the area for better educational opportunities. Additionally, it might reflect well on property values and local real estate, offering key insights for investors and agents. A lower student-to-teacher ratio could also impact how local schools are appraised for quality and funding, potentially influencing insurance assessments and building projects tailored to community growth.
