Randolph County Real Estate and Livability Trends
Randolph County, Illinois has experienced a rise in median housing unit values from $96,700 in 2015 to $129,400 in 2022, which, while still below state and national averages, may indicate steady growth potential for investors. Notably, residential energy tax credits per tax return surged from $725.00 in 2017 to over $3,100.00 by 2019, suggesting increased adoption of energy-efficient upgrades.... Read more
Randolph County Market Trends
Randolph County, Illinois has seen its median housing unit values rise from $96,700 in 2015 to $129,400 in 2022, though these figures remain lower than both state and national averages. Residential energy tax credits per tax return have surged, jumping from $725.00 in 2017 to over $3,100.00 by 2019, indicating a boost in energy-efficient home improvements. Real estate taxes have also increased,... Read more
Median Value of Occupied Housing Units in Randolph County, Illinois Over the Last 8 Years
Randolph County, Illinois has seen its median housing unit values steadily increase over the past eight years from $96,700 in 2015 to $129,400 in 2022. While impressive, these figures are still significantly lower compared to the state's median value which climbed from $173,800 to $239,100 over the same period. On a national scale, Randolph County's values also lag behind, with the U.S. median value rising from $125,500 to $179,400 during these years. This could suggest potential affordability for those looking to move to or invest in this area contrasted with state and national trends.
Residential Energy Tax Credit Per Tax Return in Randolph County, IL Over the Last 8 Years
Over the past eight years, residential energy tax credits per tax return in Randolph County, Illinois, have shown notable variability. A significant spike is observed in recent years, especially with averages jumping from $725.00 in 2017 to over $3,100.00 by 2019. This could indicate an increased adoption of energy-efficient improvements, making the area potentially attractive for those looking to invest in sustainable properties. Such trends might also affect the appraisal values and insurance considerations for homes in the county. Real estate agents and potential homeowners should keep this in mind when evaluating properties and their long-term value proposition.
Average Real Estate Taxes Per Tax Return in Randolph County, IL Over the Last 10 Years
Over the past decade in Randolph County, Illinois, the average real estate taxes per tax return have seen a noticeable upward trend. Starting at $2,447.50 in 2012, the figure rose steadily close to $2,900.00 by 2016, followed by a significant jump to $4,050.00 in 2019. While there was a slight dip in 2020, the average tax reached a new peak at $4,070.97 in 2021. This trend suggests increasing property values or tax rates, which can impact investment decisions, property values, and living costs. This long-term growth in real estate taxes hints at a possibly appreciating market, which could be of interest to real estate agents, potential homeowners, and investors.
Percentage of Farm Returns in Randolph County, IL Over the Last 10 Years
Farm returns in Randolph County, Illinois have fluctuated over the last decade, showing marginal but notable shifts. In 2012, the percentage of farm returns stood at approximately 5.29%, reaching a peak of around 5.37% in 2014 before tapering off to about 4.82% by 2021. These numbers suggest a minor decline in farm-based income filings over the years. For those considering investment or property development, these trends might indicate slight variations in the agrarian economy's contribution, potentially reflecting broader economic conditions that could influence future business opportunities in the region.
Number of Mortgages by Occupancy Type in Randolph County, IL Over the Last 5 Years in Randolph County
Principal residences have consistently led mortgage counts in Randolph County, Illinois, suggesting a stable, family-oriented housing market. Investment property mortgages show moderate interest, with a gradual rise from 2018 to 2022, indicating potential opportunities for rental income or future resale profit. Second residences have remained minimal, pointing to a limited market for vacation homes. For investors, this data signals a relatively safer bet on primary homes, while cautious opportunists might explore the steady demand in investment properties. Appraisers and insurance agents can tailor their services accordingly, knowing principal homes dominate occupancy, thereby influencing home value assessments and insurance premium calculations. This trend suggests that builders and real estate agents might find more consistent demand and value in catering to principal residence developments.
Economic Outlook
Over the past nine years, Randolph County in Illinois has seen a general upward trend in average taxable income per tax return, rising from $50,152.09 in 2013 to $63,903.75 in 2021. This suggests increasing economic stability, pointing towards greater investment opportunities. Meanwhile, average state and local income taxes per tax return have shown significant fluctuations, peaking at $9,148.28 in 2021, reflecting rising tax burdens on residents. The total tax liability per tax return mirrors... Read more
Average Taxable Income per Tax Return in Randolph County, IL over the last 9 years
Over the past nine years, Randolph County in Illinois has seen a generally upward trend in average taxable income per tax return, starting from $50,152.09 in 2013 and reaching $63,903.75 in 2021. This growth suggests increasing economic stability and potentially greater investment opportunities in the region. Interestingly, there was a slight dip in 2020, likely reflecting broader economic challenges, but the robust rebound in 2021 indicates resilience. For those looking to invest, build, or move to the area, these figures imply a potentially strong and growing economy, making Randolph County an attractive option.
Average State and Local Income Taxes Per Tax Return in Randolph County, IL Over the Last 10 Years
Over the last decade, Randolph County, Illinois has experienced significant fluctuations in average state and local income taxes per tax return. Notably, taxes spiked sharply in 2018 to $7,057.58, continued upward in 2019 to $7,562.50, and surged again in 2021 to $9,148.28. Despite periods of decline, such as in 2016 and 2017, the overall trend indicates increasing tax burdens on residents, crucial for investors and potential residents to consider when estimating the cost of living and the financial landscape for long-term commitments in the area.
Average Total Tax Liability Per Tax Return in Randolph County, IL Over the Last 10 Years
The average total tax liability per tax return in Randolph County, Illinois has seen fluctuations over the last decade. Starting from around $6,934.31 in 2012, it peaked at $8,837.02 in 2021. Years like 2016 and 2017 showed steady increments, while 2018 saw a drop to $7,089.17. Understanding these trends is crucial for potential investors, prospective residents, and property developers, as it provides insights into the financial landscape and economic stability of the area.
Cost of Living in Randolph County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,018 | $1,331 | $2,449 | $1,058 | $1,333 |
| 1 adult 4 children | $1,018 | $1,087 | $1,877 | $1,058 | $1,375 |
| 2 adults 3 children | $1,018 | $1,087 | $2,122 | $1,058 | $1,091 |
| 1 adult 3 children | $1,018 | $888 | $1,551 | $1,058 | $1,111 |
| 2 adults 2 children | $774 | $890 | $1,796 | $959 | $957 |
| 1 adult 2 children | $774 | $665 | $1,224 | $959 | $860 |
| 2 adults 1 child | $774 | $704 | $1,470 | $640 | $919 |
| 1 adult 1 child | $774 | $454 | $898 | $640 | $733 |
| 2 adults | $588 | $565 | $1,144 | $0 | $720 |
| 1 adult | $518 | $308 | $572 | $0 | $561 |
Safety trends & Data
Randolph County, Illinois, has seen a sharp increase in larceny-theft incidents, jumping from 1 case in 2021 to 21 in 2022. Burglary and fraud cases also reached 6 each in 2022, and vandalism incidents were reported at 9. These changes could affect property valuations, insurance premiums, and overall community safety perceptions, making them essential to consider for potential investors, insurance agents, and real estate... Read more
Property Crime Trends in Randolph County, IL Over the Last 2 Years
Randolph County, Illinois, has experienced noticeable shifts in property crime over the past two years, with larceny-theft incidents rising sharply from 1 in 2021 to 21 in 2022. Burglary and fraud cases each reached 6 in 2022, while vandalism incidents were reported at 9 the same year. These changes might be of particular interest to potential investors, insurance agents, and real estate professionals, as they can impact property valuations, insurance premiums, and overall community safety perceptions.
Demographics
Randolph County, Illinois has an adult population that's slightly skewed towards males. When it comes to education, most adults have completed high school, but higher education attainment falls off after some college or an associate's degree. The age distribution suggests a balanced demographic across different age groups, with a slight tilt towards the older population. The racial makeup is predominantly White, but there's some representation from Black or African American and other racial... Read more
Race Distribution in Randolph County, Illinois (2022)
Educational Attainment in Randolph County, Illinois (2022)
Age Distribution in Randolph County, Illinois
Citizen Population in Randolph County, Illinois (2022)
Political Trends & Data
In Randolph County, Illinois, the 2020 U.S. Presidential Election saw approximately 74% of the vote going to the Republican party, indicating a robust Republican presence. The Democratic party potentially received around 24% of votes, while minor parties like the Libertarians and Greens each secured less than 1%. This Republican-leaning voting pattern could shape local political dynamics and policy focuses, potentially influencing factors like community investment, infrastructure, and local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Randolph County, Illinois, the 2020 U.S. Presidential Election leaned heavily toward the Republican party with an estimated 74% of the vote. The Democratic party potentially secured around 24%, while other parties like the Libertarian and Green struggled to make an impact, each garnering less than 1%. This voting pattern suggests a strong Republican preference within the county, which may influence local political dynamics and policy priorities.
74.38% of voters voted for the Republican party in the 2020 Presidential Election
24.12% of voters voted for the Democrat party in the 2020 Presidential Election
0.89% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Green party in the 2020 Presidential Election
0.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
Randolph County, Illinois boasts a student-to-teacher ratio that typically fluctuates between twelve and thirteen students per teacher, lower than the national average of fourteen. A recent dip to around eleven students per teacher suggests potential changes in school funding or staffing, likely providing students with more individual attention. This distinction might appeal to investors, real estate agents, and families seeking an area with a more personalized educational... Read more
Student-to-teacher ratio in Randolph County, Illinois over the last 9 years
Randolph County, Illinois has experienced a steady student-to-teacher ratio, mostly fluctuating between twelve and thirteen students per teacher, which is notably lower than the national average of fourteen students per teacher. However, a significant drop to around eleven students per teacher in the last two years might imply increased individual attention for students or changes in school funding and staffing. For investors, real estate agents, and families considering a move, this lower student-to-teacher ratio is potentially advantageous, signalling a more personalized educational environment compared to the national average.
