Pope County Real Estate and Livability Trends
Home values in Pope County, Illinois have defied broader trends, bouncing from $102,000 in 2015 to $137,500 in 2022, suggesting a resilient market. Real estate taxes have also risen, up from $1,939.13 in 2012 to $3,133.33 in 2021, hinting at higher property values or possibly better local services. Meanwhile, the mortgage market heavily favors principal residences with investment and secondary... Read more
Pope County Market Trends
Pope County, Illinois has seen home values bounce from $102,000 in 2015 to $137,500 in 2022, defying both state and national trends with its recent upswing. The residential energy tax credit per tax return has varied widely over the past few years, peaking at $775.00 in 2013 and dropping to $250.00 in 2014, then rebounding to $700.00 in 2016, which could point to shifting incentives for... Read more
Median Value of Occupied Housing Units in Pope County, Illinois Over the Last 8 Years
Home values in Pope County, Illinois have exhibited significant variability over the past eight years, with a pronounced upswing recently. Starting at $102,000 in 2015, values dipped to a low of $84,100 in 2017 but surged to $137,500 in 2022. The county’s growth momentum contrasts with both Illinois state averages and national trends, which show a steadier, continuous increase. Illinois' median home value rose from $173,800 in 2015 to $239,100 by 2022, while national values climbed from $125,500 to $179,400. This dynamic in Pope County may entice prospective investors or new residents seeking markets with potential for further appreciable gains.
Residential Energy Tax Credit Per Tax Return in Pope County, IL Over the Last 3 Years
Over the past three years, the average residential energy tax credit per tax return in Pope County, Illinois has shown variability, with a notable spike in 2013 at $775.00, a significant drop to $250.00 in 2014, followed by a rebound to $700.00 in 2016. This fluctuation might suggest changes in energy-efficient installations or policy shifts impacting tax credits. For potential investors, builders, and real estate professionals, this could indicate fluctuating incentives for energy-efficient homes, which may influence property values and market attractiveness.
Average Real Estate Taxes Per Tax Return in Pope County, IL Over the Last 10 Years
Over the past decade, Pope County, Illinois has seen a steady increase in average real estate taxes per tax return, starting at around $1,939.13 in 2012 and reaching approximately $3,133.33 by 2021. This upward trend may interest potential investors and homeowners, as rising taxes could reflect increasing property values or enhanced public services. Real estate agents and appraisers might also find this data useful when evaluating market conditions and property desirability in the area. For insurance agents and property developers, understanding these fluctuations can aid in providing better customer insights and planning future projects.
Percentage of Farm Returns in Pope County, IL Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Pope County, Illinois has shown slight fluctuations with a general increase from 14.89% in 2012 to around 15.21% in 2021. Farm returns measure the portion of tax filings from agricultural operations, suggesting a modest but stable agricultural presence. This metric hints at consistency in farming activity, which may be a good sign for those considering agricultural investments or looking at property with potential for farming. The overall stability in farm tax return percentages might also reflect a resilient local agricultural sector, balancing periods of economic flux.
Number of Mortgages by Occupancy Type in Pope County, IL Over the Last 5 Years in Pope County
Mortgage trends in Pope County, Illinois over the last five years indicate that the majority have consistently been for principal residences, with numbers peaking at 121 in 2020. Meanwhile, secondary residences and investment properties have shown minimal fluctuations with a notable dip for investment properties in 2021. These patterns suggest a stronger demand for primary homes, possibly influenced by economic factors or local policies. For investors and developers, the relatively low and stable count for investment properties could imply less competition but might also indicate a market with limited returns. Appraisers and real estate agents should note these trends as they reflect the county's housing stability and residents' commitment to long-term living arrangements, which could affect property values and transaction frequency. This data, albeit normalized, offers valuable insights into the type of housing market that exists, impacting insurance, lending, and development decisions.
Economic Outlook
Pope County, Illinois has seen a steady rise in average taxable income per tax return over the past decade, increasing from $43,173.46 in 2013 to $52,274.85 in 2021, hinting at growing prosperity. Average state and local income taxes per tax return have experienced notable fluctuations, reaching $5,600.00 in 2020 after dipping in 2016 and 2018, signaling shifts in fiscal policies that impact financial planning and cost of living. Meanwhile, the average total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Pope County, IL over the last 9 years
Pope County, Illinois has seen a steady rise in average taxable income per tax return over the past decade, suggesting a potentially positive economic trend. Notably, average incomes have increased from $43,173.46 in 2013 to $52,274.85 by 2021. Despite minor fluctuations, the overall upward trajectory hints at growing prosperity, which could make this area appealing for investors, those looking to build property, or individuals considering relocation. This trend might also indicate a broader improvement in economic conditions within the county, adding a layer of financial stability for current residents and potential newcomers alike.
Average State and Local Income Taxes Per Tax Return in Pope County, IL Over the Last 10 Years
In Pope County, Illinois, the average state and local income taxes per tax return have seen significant fluctuations over the past decade. Starting at $3,880.95 in 2012, there was a noticeable rise to $4,286.96 by 2013 and a peak at $5,600.00 in 2020. While 2016 and 2018 recorded lower averages at $3,620.00 and $3,566.67 respectively, the overall upward trend, especially the jump in post-2018 years, indicates a growing tax burden. This trend matters for potential investors, property developers, and residents as it reflects both the economic shifts and fiscal policies impacting financial planning and cost of living in the area.
Average Total Tax Liability Per Tax Return in Pope County, IL Over the Last 10 Years
Over the past decade, Pope County, Illinois has observed subtle fluctuations in the average total tax liability per tax return. Starting at approximately $5,843.69 in 2012, there was a noticeable dip in 2013 to about $5,606.72, potentially indicating economic or policy changes that year. Values generally trended upward, peaking in 2021 at an estimated $6,444.35. The steady increase from 2017 onward might reflect economic growth or shifts in taxpayer behavior, making this period particularly interesting for investors and residents evaluating long-term fiscal trends.
Cost of Living in Pope County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $998 | $1,287 | $2,902 | $1,058 | $1,526 |
| 1 adult 4 children | $998 | $1,051 | $2,227 | $1,058 | $1,554 |
| 2 adults 3 children | $998 | $1,051 | $2,514 | $1,058 | $1,252 |
| 1 adult 3 children | $998 | $858 | $1,839 | $1,058 | $1,253 |
| 2 adults 2 children | $774 | $861 | $2,126 | $959 | $1,064 |
| 1 adult 2 children | $774 | $643 | $1,451 | $959 | $968 |
| 2 adults 1 child | $774 | $680 | $1,738 | $640 | $1,004 |
| 1 adult 1 child | $774 | $439 | $1,063 | $640 | $786 |
| 2 adults | $685 | $546 | $1,350 | $0 | $814 |
| 1 adult | $531 | $298 | $675 | $0 | $587 |
Demographics
Pope County, Illinois, appears to have a modest gender imbalance with a slightly higher male population. Educational attainment trends suggest a strong emphasis on high school education, though college graduation rates remain modest. The age distribution indicates a relatively older population, with a substantial segment aged 55 and above, which might impact local healthcare and retirement services. Race demographics show a predominantly White population, potentially influencing cultural and... Read more
Race Distribution in Pope County, Illinois (2022)
Educational Attainment in Pope County, Illinois (2022)
Age Distribution in Pope County, Illinois
Citizen Population in Pope County, Illinois (2022)
Political Trends & Data
Pope County, Illinois showed strong Republican support in the 2020 U.S. Presidential Election, with around 80% of the vote favoring the GOP candidate. The Democratic candidate garnered just under 20%, and third-party candidates like the Libertarian and Green parties received less than 1% combined. This voting pattern could imply a dominant Republican influence and limited alternative political viewpoints in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pope County in Illinois leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 80% of the vote going to the Republican candidate. The Democratic Party trailed significantly, capturing just under 20%. Contributions from third parties were minimal, with the Libertarian Party barely exceeding 0.7% and the Green Party just about 0.2%. These numbers may suggest a strong Republican presence and a limited influence of alternative political views in the area.
79.17% of voters voted for the Republican party in the 2020 Presidential Election
19.91% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Pope County, Illinois has generally decreased over the past nine years, going from above the national average of 14 students per teacher in 2014 to 11.9 students per teacher in 2018. This trend could indicate more individualized attention for students, enhancing the local educational environment. For real estate professionals, these trends offer insights into an area that may attract young families, suggesting stability and potential community... Read more
Student-to-teacher ratio in Pope County, Illinois over the last 9 years
Over the past nine years, the student-to-teacher ratio in Pope County, Illinois has generally trended downward, dipping from just above the national average of 14 students per teacher in 2014 to lower ratios, such as 11.9 students in 2018. This might suggest smaller class sizes, potentially indicating more individualized attention for students. For investors, developers, and real estate agents, this could reflect positively on the local educational environment, possibly making the area more attractive to young families. Appraisers and insurance agents might also find value in these trends as they can signify stability and potential community growth.
