Saline County Real Estate and Livability Trends
Saline County, Illinois shows interesting real estate trends with median home values rising from $69,400 in 2015 to $87,900 in 2022, still falling well below state and national averages. This lower entry point could be compelling for budget-conscious buyers or investors seeking bargains. Tax burdens have increased, with real estate taxes jumping from $2,785.63 in 2012 to $4,958.33 in 2020,... Read more
Saline County Market Trends
Median home values in Saline County, Illinois have risen from $69,400 in 2015 to $87,900 in 2022, yet these figures remain well below the state and national averages. This disparity may appeal to budget-conscious buyers or investors looking for undervalued markets. Energy tax credits have surged from $287.50 in 2013 to $1,710.00 in 2021, likely driven by increased adoption of energy-efficient... Read more
Median Value of Occupied Housing Units in Saline County, Illinois Over the Last 8 Years
Over the past eight years, median home values in Saline County, Illinois have seen a steady increase, rising from $69,400 in 2015 to $87,900 in 2022. While this trend indicates a growing local market, these values still significantly lag behind the state average of $239,100 and the national average of $179,400 for 2022. This price disparity might make Saline County an attractive option for budget-conscious homebuyers or investors looking for potentially undervalued markets.
Residential Energy Tax Credit Per Tax Return in Saline County, IL Over the Last 8 Years
Saline County, Illinois has seen a potentially significant increase in average residential energy tax credits per tax return over the past 8 years, with figures jumping noticeably from $287.50 in 2013 to a striking $1,710.00 in 2021. This upward trend, especially the sharp rise post-2018, might suggest growing adoption of energy-efficient home improvements. Such a pattern is likely to interest investors and real estate agents keen on leveraging the appeal of eco-friendly homes. Moreover, insurance agents and property appraisers might need to consider these enhancements when evaluating property values, while homeowners could find potential savings in energy costs and tax incentives compelling reasons to upgrade.
Average Real Estate Taxes Per Tax Return in Saline County, IL Over the Last 10 Years
Saline County, Illinois has experienced a notable upward trajectory in real estate taxes per tax return over the past decade, starting at around $2,785.63 in 2012 and peaking at $4,958.33 in 2020. This steady increase implies a growing fiscal responsibility for homeowners, which might reflect broader economic trends or changing assessment practices. Particularly striking is the jump between 2017 and 2018, where taxes surged by over $1,000. For investors and real estate professionals, these rising costs could indicate a shifting market landscape, potentially impacting property values and rental returns. For residents, this trend may influence decisions around long-term homeownership and financial planning.
Percentage of Farm Returns in Saline County, IL Over the Last 10 Years
Saline County, Illinois has shown a mild but consistent decrease in the percentage of farm tax returns over the last decade. Starting at approximately 4.24% in 2012, the proportion dipped to about 3.69% by 2021. This subtle decline could indicate shifts in agricultural business structures or economic factors impacting farming viability in the area, which might matter for potential investors or new residents considering the stability and growth of the local agricultural sector. Farm tax returns reflect the operational existence of farms that are profitable enough to necessitate filing taxes, so observing these trends can offer insights into the overall health of the agricultural economy in Saline County, Illinois.
Number of Mortgages by Occupancy Type in Saline County, IL Over the Last 5 Years in Saline County
Investment properties have seen a slight but notable decline in mortgage counts over the past five years in Saline County, Illinois, dropping from 35 in 2018 to 24 in 2022. Principal residences have maintained a high count throughout the years, peaking at 777 in 2020 before settling at 561 in 2022. Second residences have remained consistently low, rarely exceeding single digits. These trends could suggest a stronger demand for homes intended as primary residences, which might imply a stabilized local economy attracting long-term residents. Investors may need to rethink strategies given the declining interest in investment properties, and builders focusing on family homes might find a more reliable market. Real estate agents and appraisers should take note of the predominant interest in principal residences for more accurate valuations and marketing. Insurance agents could leverage the higher stability in principal residence owners for better policy offerings.
Economic Outlook
Saline County, Illinois has witnessed a steady rise in average taxable income per tax return, climbing from $47,822.71 in 2013 to $58,115.18 in 2021. This trend might indicate a growing local economy, which could attract investors and new residents. Significant changes in state and local income taxes, particularly the dramatic rise from $6,117.07 in 2017 to $10,162.96 in 2018, highlight a growing tax burden that could impact economic decisions. Fluctuations in average total tax liability per... Read more
Average Taxable Income per Tax Return in Saline County, IL over the last 9 years
Saline County, Illinois has seen a steady rise in average taxable income per tax return over the past nine years, moving from $47,822.71 in 2013 to $58,115.18 in 2021. This increasing trend could indicate a growing local economy, making it a potentially attractive area for investors and those looking to build or move to the region. The most notable jumps occurred between 2017 and 2019, suggesting a period of economic growth that might appeal to new businesses and residents alike.
Average State and Local Income Taxes Per Tax Return in Saline County, IL Over the Last 10 Years
Saline County, Illinois, has experienced significant fluctuations in state and local income taxes per tax return over the last decade. After starting at $5,562.09 in 2012, the amount sharply increased, peaking dramatically in 2019 at $12,500.00. In particular, the uptick from $6,117.07 in 2017 to $10,162.96 in 2018 signals a notable rise. This trend suggests a growing tax burden over time, which could impact decisions on investing, moving, or building property in the county. It serves as a critical consideration for both current and prospective residents evaluating the economic landscape of Saline County.
Average Total Tax Liability Per Tax Return in Saline County, IL Over the Last 10 Years
Saline County, Illinois, has shown fluctuations in average total tax liability per tax return over the past decade, with figures swinging between approximately $7,215.23 and $8,091.18. Notable peaks occurred in 2017 and 2020, with the highest reaching around $8,091.18. Variability in this metric might be of interest to potential investors, developers, and residents as it suggests some economic instability but also points to periods of potential growth. This dynamic tax landscape could influence decisions around property investments and living expenses in the area.
Cost of Living in Saline County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,044 | $1,287 | $2,902 | $1,058 | $1,457 |
| 1 adult 4 children | $1,044 | $1,051 | $2,227 | $1,058 | $1,476 |
| 2 adults 3 children | $1,044 | $1,051 | $2,514 | $1,058 | $1,192 |
| 1 adult 3 children | $1,044 | $858 | $1,839 | $1,058 | $1,188 |
| 2 adults 2 children | $774 | $861 | $2,126 | $959 | $1,010 |
| 2 adults 1 child | $774 | $680 | $1,738 | $640 | $958 |
| 1 adult 2 children | $774 | $643 | $1,451 | $959 | $898 |
| 1 adult 1 child | $774 | $439 | $1,063 | $640 | $749 |
| 2 adults | $588 | $546 | $1,350 | $0 | $747 |
| 1 adult | $531 | $298 | $675 | $0 | $570 |
Safety trends & Data
Property crime incidents in Saline County, Illinois have fluctuated over the past two years. Vandalism incidents tripled from 1 in 2021 to 3 in 2022. Larceny-theft was the most common property crime in 2022, with 5 reported incidents. These changes might impact property insurance premiums, offering crucial insights for potential investors and... Read more
Property Crime Trends in Saline County, IL Over the Last 2 Years
Property crime incidents in Saline County, Illinois have seen some variations over the past two years. Vandalism incidents increased from 1 in 2021 to 3 in 2022. Burglary, larceny-theft, and motor vehicle theft crimes were all reported in 2022, with larceny-theft being the most common at 5 incidents. These fluctuations could impact property insurance premiums and may be a consideration for potential investors and homeowners.
Demographics
The demographic trends in Saline County, Illinois, reveal a slight male-female imbalance with females slightly outnumbering males. Education data shows a substantial portion of the population has a high school diploma or some college, though fewer have advanced degrees. Age distribution skews towards an older population, with the highest numbers in the 55-64 age bracket. The racial makeup is predominantly White, with minimal representation from other racial... Read more
Race Distribution in Saline County, Illinois (2022)
Educational Attainment in Saline County, Illinois (2022)
Age Distribution in Saline County, Illinois
Citizen Population in Saline County, Illinois (2022)
Political Trends & Data
In Saline County, Illinois, the 2020 U.S. Presidential Election results suggest a strong conservative leaning, as approximately 73.2% of the voters likely supported Republican candidates. Democratic support might have been around 25%, with minimal presence from Libertarians, Greens, and other parties. This conservative preference could influence future political and economic decisions, potentially affecting property values and development priorities in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Saline County in Illinois leaned heavily Republican in the 2020 U.S. Presidential Election, with Republican voters likely making up roughly 73.2% of the populace. Democrats may have garnered around a quarter of the votes, while Libertarians, Greens, and other parties only seemed to capture a small fraction of the electorate. This prevailing trend reflects a significant conservative preference in this locale.
73.22% of voters voted for the Republican party in the 2020 Presidential Election
25.20% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Green party in the 2020 Presidential Election
0.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
Saline County, Illinois has experienced relatively stable student-to-teacher ratios over the past nine years, barring a data anomaly in 2014. From 2015 onwards, the ratios oscillated between 12 and 15 students per teacher, aligning closely with the national average of 14. This might signal competitive class sizes, potentially alluring for families prioritizing education, and could be a selling point for real estate professionals. This factor might also influence property valuations and... Read more
Student-to-teacher ratio in Saline County, Illinois over the last 9 years
Saline County, Illinois has seen some fluctuations in student-to-teacher ratios over the past nine years. In 2014, there was an anomalous spike to 149, which could suggest data inaccuracies. From 2015 onward, the ratios seem more consistent, ranging between 12 and 15 students per teacher. Notably, this is quite close to the national average of 14 students per teacher, positioning the county's schools as potentially competitive in terms of class sizes. For investors, real estate professionals, and those considering a move, smaller class sizes could be a draw, promising more personalized attention for students. Additionally, insurance agents and appraisers might note the educational environment as a factor in property valuation and community stability.
