Putnam County Real Estate and Livability Trends
In Putnam County, Illinois, the average taxable income per tax return climbed from $56,724.23 in 2013 to $72,790.79 in 2021, hinting at economic growth. Real estate taxes rose from around $3,304.35 in 2012 to $4,985.71 in 2021, suggesting increasing property valuations. Median home values jumped from $121,300 in 2015 to $161,500 in 2022, possibly offering value compared to faster-appreciating... Read more
Putnam County Market Trends
Median home values in Putnam County, Illinois increased from $121,300 in 2015 to $161,500 in 2022, offering potential value compared to more rapidly appreciating statewide and national markets. The residential energy tax credit per tax return has fluctuated significantly, peaking at $500.00 in 2019 but dropping to $175.00 by 2021, which might reflect varying energy-efficiency incentives. Real... Read more
Median Value of Occupied Housing Units in Putnam County, Illinois Over the Last 8 Years
Over the last eight years, median home values in Putnam County, Illinois, have seen a growth from $121,300 in 2015 to $161,500 in 2022. This increase, although steady, remains significantly below the state median, which surged from $173,800 to $239,100, and the national median, which climbed from $125,500 to $179,400 during the same period. For those considering investing or moving to Putnam County, this could imply potential value for money, especially compared to the more rapidly appreciating statewide and national markets.
Residential Energy Tax Credit Per Tax Return in Putnam County, IL Over the Last 8 Years
The average residential energy tax credit per tax return in Putnam County, Illinois has demonstrated significant fluctuations over the past eight years. The credit peaked in 2019 at $500.00 but saw decreases thereafter, reaching $175.00 in 2021. Interestingly, there were also increases and decreases in specific years, such as the notable rise from 2013’s $200.00 to 2014’s $316.67. These trends may reflect varying incentives or changing participation rates in energy-efficient improvements, potentially impacting investment decisions, property appraisals, and insurance assessments within the county.
Average Real Estate Taxes Per Tax Return in Putnam County, IL Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Putnam County, Illinois, have shown a notable upward trend, with figures rising from approximately $3,304.35 in 2012 to around $4,985.71 by 2021. This steady increase could suggest growing property valuations or adjustments in tax rates, which might appeal to investors anticipating appreciation. Such trends may also necessitate higher budget considerations for prospective homeowners and demand detailed assessments from appraisers and insurance agents. Real estate agents and developers might find this trend indicative of a market where higher value properties are gradually becoming more prevalent.
Percentage of Farm Returns in Putnam County, IL Over the Last 10 Years
Farm tax returns in Putnam County, Illinois represent a small yet consistent portion of the overall tax landscape, ranging from roughly 4.53% to 5.96% over the last decade. The trend shows a slight decrease from 2012 to 2021, with 2012 starting at 5.96% and dropping to 4.66% by 2021. This could signal shifts in the agricultural economy or changes in farm profitability, which might be important for those interested in agricultural investments or rural development in the area.
Number of Mortgages by Occupancy Type in Putnam County, IL Over the Last 5 Years in Putnam County
Putnam County, Illinois has seen shifts in mortgage numbers with a notable rise in loans for principal residences, peaking at 184 in 2021. Investment property mortgages remain low across the years, suggesting stable but limited investor interest. These trends in occupancy type can impact local markets; higher mortgages for principal residences indicate strong demand for stable housing, appealing to families and long-term residents. Limited investment property activity might suggest less pressure from rental markets, affecting real estate agents and appraisers who base property values on rental yield potentials. Conversely, insurance agents and property developers could find opportunities in the relatively under-served investment property sector.
Economic Outlook
In Putnam County, Illinois, the average taxable income per tax return has shown a steady climb from $56,724.23 in 2013 to $72,790.79 in 2021, hinting at potential economic growth. Meanwhile, state and local income taxes reached a peak of $8,400.00 in 2020, generally rising from $5,078.46 in 2012 to $7,571.43 in 2021. These tax dynamics might affect property investment decisions and cost of living considerations. Additionally, the total tax liability per tax return fluctuated, hitting a high of... Read more
Average Taxable Income per Tax Return in Putnam County, IL over the last 9 years
The trend in Putnam County, Illinois shows a gradual increase in average taxable income per tax return over the past nine years. Starting from $56,724.23 in 2013, it consistently climbed, peaking at $72,790.79 in 2021. This upward trend might suggest economic growth in the area, potentially making it more attractive for investors, new residents, and those looking to build property. However, prospective investors should consider that this could also reflect broader economic conditions or inflationary factors influencing income levels.
Average State and Local Income Taxes Per Tax Return in Putnam County, IL Over the Last 10 Years
For those eyeing investments or relocation to Putnam County, Illinois, it's intriguing to note the fluctuations in average state and local income taxes over the past decade. Peaking at $8,400.00 in 2020, the taxes have varied, generally increasing from $5,078.46 in 2012 to a still-heightened $7,571.43 in 2021. These tax trends might impact considerations on property investment and cost of living, signifying a dynamic fiscal environment in the county.
Average Total Tax Liability Per Tax Return in Putnam County, IL Over the Last 10 Years
Over the last decade, Putnam County, Illinois has experienced fluctuating average total tax liability per tax return, with values oscillating around the $9,000 mark, reaching a high of $10,073.55 in 2021. The data suggests mild volatility, but there's a subtle upward trend indicating a potential increase in fiscal pressure on taxpayers. This trend may be relevant for prospective investors, property developers, and current residents seeking to understand the financial landscape and tax obligations in the region.
Cost of Living in Putnam County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,044 | $1,387 | $2,569 | $1,058 | $1,519 |
| 1 adult 4 children | $1,044 | $1,133 | $1,970 | $1,058 | $1,569 |
| 2 adults 3 children | $1,044 | $1,133 | $2,227 | $1,058 | $1,256 |
| 1 adult 3 children | $1,044 | $925 | $1,627 | $1,058 | $1,253 |
| 2 adults 2 children | $797 | $928 | $1,884 | $959 | $1,049 |
| 1 adult 2 children | $797 | $693 | $1,285 | $959 | $973 |
| 2 adults 1 child | $797 | $733 | $1,541 | $640 | $1,000 |
| 1 adult 1 child | $797 | $474 | $942 | $640 | $815 |
| 2 adults | $645 | $589 | $1,199 | $0 | $816 |
| 1 adult | $533 | $321 | $599 | $0 | $614 |
Safety trends & Data
Putnam County, Illinois has seen a shift in property crime trends over the past two years, with larceny-theft incidents reported at 1.00 in 2021 and vandalism cases increasing to 2.00 in 2022. This change hints at evolving criminal patterns, stressing the importance of community safety measures. For real estate investors and urban developers, these trends are crucial for informed decisions on property valuations and insurance... Read more
Property Crime Trends in Putnam County, IL Over the Last 2 Years
Putnam County, Illinois has observed a noticeable shift in property crime trends over the past two years. In 2021, the reported incidents of larceny-theft stood at 1.00, while vandalism cases rose to 2.00 in 2022. This change could be indicative of evolving criminal patterns and highlights the need for adaptive community safety and protection measures. For those engaged in real estate, investment, or urban development, understanding these crime trends is crucial for making informed decisions regarding property valuations and insurance assessments.
Demographics
Putnam County, Illinois is experiencing a slightly higher male population compared to females. The area shows a predominate White racial demographic, with comparatively scant representation from other racial groups. Educational attainment indicates a majority have at least a high school education, with a notable percentage having some college experience or higher degrees. The age distribution reveals a significant portion of the population in the 45-64 age range, implying potential... Read more
Race Distribution in Putnam County, Illinois (2022)
Educational Attainment in Putnam County, Illinois (2022)
Age Distribution in Putnam County, Illinois
Citizen Population in Putnam County, Illinois (2022)
Political Trends & Data
Putnam County, Illinois, predominantly leans Republican, with an estimated 59% of the vote likely catching the GOP during the 2020 U.S. Presidential Election. Democrats seem to pull in about 39%, with minimal backing for Libertarian and Green Party candidates, barely passing 1%. This trend offers insights into a consistent alignment with conservative policies, though there is some minor yet noticeable interest in third-party options. Understanding this political landscape could be vital for... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Putnam County, Illinois, tends to lean Republican, with nearly 59% of the vote likely going to the GOP in the 2020 U.S. Presidential Election. Democrats might capture close to 39%, while Libertarians and Green Party candidates receive minor support, hardly crossing the 1% threshold. Voter preferences in this county reveal a consistent pattern favoring conservative policies, though there's a hint of support for third-party alternatives.
58.79% of voters voted for the Republican party in the 2020 Presidential Election
39.47% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.50% of voters voted for the Green party in the 2020 Presidential Election
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Putnam County, Illinois, the student-to-teacher ratio has had a downward trend over the past nine years, moving from about 14 in 2014 to just over 12 in 2023, which is below the national average. This shift might suggest smaller class sizes and more personalized attention for students, making the area potentially more attractive to families. Real estate agents could use this as a selling point, while appraisers might see it as a sign of community investment in education, possibly influencing... Read more
Student-to-teacher ratio in Putnam County, Illinois over the last 9 years
In Putnam County, Illinois, the student-to-teacher ratio has generally trended downward over the past nine years, moving from about 14 in 2014 to just over 12 in 2023. This is notably below the current national average of 14 students per teacher. For potential investors and homebuyers, this ratio might indicate smaller class sizes, which could be a sign of more personalized attention for students. Real estate agents might find this appealing when marketing properties to families. Appraisers and insurance agents could see this trend as reflective of a community investing in education, potentially impacting property values. Lower ratios could also be a draw for new construction projects targeting families prioritizing education within Illinois.
