Sangamon County Real Estate and Livability Trends
Sangamon County, Illinois, has seen a substantial rise in average taxable income, increasing from $62,044.21 in 2013 to $81,308.89 in 2021, indicative of possible economic prosperity that could allure residents and investors. Median home values rose consistently from $130,900 in 2015 to $162,400 in 2022, presenting more affordable housing relative to the state or national averages. However, real... Read more
Sangamon County Market Trends
Sangamon County, Illinois has experienced a steady increase in median home values, climbing from $130,900 in 2015 to $162,400 in 2022, offering more affordable opportunities compared to broader state or national markets. Residential energy tax credits saw significant fluctuations, peaking dramatically at $3,205.56 in 2018, likely reflecting major policy changes. Average real estate taxes per tax... Read more
Median Value of Occupied Housing Units in Sangamon County, Illinois Over the Last 8 Years
Sangamon County, Illinois has seen a steady increase in median home values over the past 8 years, rising from $130,900 in 2015 to $162,400 in 2022. This rate of increase is somewhat slower compared to Illinois state overall, where values jumped from $173,800 to $239,100 in the same period. Nationally, the trend shows a sharp rise, with values moving from $125,500 to $179,400. For investors or potential homebuyers, this suggests Sangamon County may offer more affordable opportunities compared to broader state or national market conditions, while still experiencing healthy growth.
Residential Energy Tax Credit Per Tax Return in Sangamon County, IL Over the Last 9 Years
Over the past nine years in Sangamon County, Illinois, there has been a notable fluctuation in the average residential energy tax credit per tax return. Starting at approximately $436.82 in 2013, it saw a gradual increase to $746.81 by 2017. However, 2018 witnessed a dramatic spike to $3205.56, potentially reflecting significant investments or policy changes related to energy efficiency. Following this peak, the numbers dipped to around $1179.05 in 2019 and $1088.89 in 2020, settling at $1010.29 in 2021. These variations might provide useful insights for potential homeowners or investors interested in energy-related tax incentives in the region.
Average Real Estate Taxes Per Tax Return in Sangamon County, IL Over the Last 10 Years
In Sangamon County, Illinois, average real estate taxes per tax return have shown a notable upward trend over the past decade, with figures climbing from approximately $4,205.84 in 2012 to about $7,167.83 in 2021. This consistent increase could be indicative of rising property values or shifts in tax policy, potentially impacting decisions around property investment and development. The marked rise, particularly between 2017 and 2019, might suggest heightened local factors driving this change. For investors and those moving to the area, these patterns emphasize the importance of budgeting for higher tax expenditures.
Percentage of Farm Returns in Sangamon County, IL Over the Last 10 Years
Sangamon County, Illinois has seen a gradual decrease in the percentage of farm tax returns over the past decade, starting from 1.11% in 2012 and dropping to roughly 0.99% in 2021. Farm tax returns can serve as a barometer for the economic health and viability of agricultural activities in the area, impacting local land values, investment opportunities, and even the planning for infrastructure. For potential investors or new residents, this downtrend might suggest a shift in economic focus or changing land use patterns, making it critical to consider these dynamics when planning to invest or move to this region.
Number of Mortgages by Occupancy Type in Sangamon County, IL Over the Last 5 Years in Sangamon County
Over the past five years, Sangamon County, Illinois has seen substantial variation in the number of mortgages across different occupancy types. Principal residence mortgages peaked in 2020 with 12,928 but dropped significantly to 6,262 in 2022. Investment properties, while fewer in number, also saw fluctuations, peaking at 1,114 in 2021 and bottoming out at 762 in 2018. Second residences remain consistently low, peaking at just 87 in 2021. These changes can signal shifts in economic conditions, housing market trends, and buyer preferences, all crucial for investors, appraisers, real estate agents, and insurance agents to monitor closely. For potential homebuyers or investors, understanding these shifts can provide deeper insights into market stability and future growth potential.
Economic Outlook
Sangamon County, Illinois has seen an appreciable rise in average taxable income per tax return, moving from $62,044.21 in 2013 to $81,308.89 in 2021, suggesting a trend of economic prosperity that could attract new residents and investors. There’s been a sharp increase in state and local income taxes, doubling between 2017 and 2019, which might affect disposable income and the overall allure for businesses. The area's total tax liability has also escalated over the years, hinting at either... Read more
Average Taxable Income per Tax Return in Sangamon County, IL over the last 9 years
Average taxable income per tax return in Sangamon County, Illinois has shown a general upward trend over the last nine years, increasing from $62,044.21 in 2013 to $81,308.89 in 2021. This steady rise may suggest a growing economic stability and potential income growth in the area, which could be attractive for investors and new residents. The data also reflect a brief dip in 2019, but the quick recovery in subsequent years highlights resilience.
Average State and Local Income Taxes Per Tax Return in Sangamon County, IL Over the Last 10 Years
Sangamon County, Illinois has seen a notable rise in average state and local income taxes per tax return over the last decade, jumping from $6,130.29 in 2012 to $13,443.32 in 2021. This sharp increase, particularly between 2017 to 2019, where taxes nearly doubled, signals significant fiscal changes that could impact residents' disposable income and overall cost of living. For potential investors and developers, this trend suggests a shifting economic landscape that may influence property values and the attractiveness of the area for new business ventures.
Average Total Tax Liability Per Tax Return in Sangamon County, IL Over the Last 10 Years
Over the past decade, Sangamon County in Illinois has experienced a noticeable increase in the average total tax liability per tax return, climbing from about $10,740.54 in 2012 to approximately $13,291.58 in 2021. This upward trend, with slight fluctuations around 2016 to 2020, may suggest growing economic activity or shifts in tax policies affecting the area. For investors and potential residents, this could indicate a robust local economy, while developers might see opportunities in a region with rising fiscal contributions.
Cost of Living in Sangamon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,200 | $1,528 | $2,419 | $1,533 | $1,630 |
| 1 adult 4 children | $1,200 | $1,248 | $1,862 | $1,533 | $1,653 |
| 2 adults 3 children | $1,200 | $1,248 | $2,093 | $1,533 | $1,337 |
| 1 adult 3 children | $1,200 | $1,019 | $1,536 | $1,533 | $1,381 |
| 2 adults 2 children | $916 | $1,022 | $1,767 | $1,384 | $1,103 |
| 1 adult 2 children | $916 | $763 | $1,210 | $1,384 | $1,055 |
| 2 adults 1 child | $916 | $808 | $1,440 | $897 | $1,015 |
| 1 adult 1 child | $916 | $522 | $883 | $897 | $838 |
| 2 adults | $745 | $649 | $1,114 | $0 | $769 |
| 1 adult | $612 | $354 | $557 | $0 | $571 |
Safety trends & Data
Sangamon County, Illinois has shown variable trends in property crime, with notable shifts including the doubling of arson cases from 6.00 in 2021 to 8.00 in 2022, and a reduction in burglary from 98.00 to 62.00. Larceny-theft also saw a slight decrease from 485.00 to 443.00, while fraud dropped significantly from 335.00 to 232.00. However, motor vehicle theft increased from 16.00 to 31.00. These patterns might reflect changing criminal behaviors or law enforcement effectiveness, offering... Read more
Property Crime Trends in Sangamon County, IL Over the Last 3 Years
Sangamon County, Illinois has seen notable fluctuations in property crime over the past few years. Arson cases almost doubled from 6.0 in 2021 to 8.0 in 2022, while burglary incidents decreased from 98.0 to 62.0 over the same period. Larceny-theft occurrences dropped slightly from 485.0 in 2021 to 443.0 in 2022, and fraud cases also declined from 335.0 to 232.0. However, motor vehicle theft saw an uptick from 16.0 to 31.0. These patterns could indicate shifting focuses in criminal activity or the effectiveness of law enforcement strategies, relevant to potential investors, real estate stakeholders, appraisers, insurance agents, and residents alike.
Demographics
Sangamon County, Illinois, seems to have a fairly balanced adult population with males making up roughly 47.5% and females around 52.5%. In terms of educational attainment, it appears a significant portion of the population has pursued higher education, with about 28,222 residents holding bachelor's degrees and another 19,064 having graduate or professional degrees. The age distribution showcases a notable presence of individuals aged 55 to 64, indicating potential implications for retirement... Read more
Race Distribution in Sangamon County, Illinois (2022)
Educational Attainment in Sangamon County, Illinois (2022)
Age Distribution in Sangamon County, Illinois
Citizen Population in Sangamon County, Illinois (2022)
Political Trends & Data
Sangamon County, Illinois, had a slight Republican leaning in the 2020 U.S. Presidential Election, with about 51% of votes. Democrats received around 47%, and minor parties, including Libertarian and Green, captured a negligible share. This close margin hints at a competitive political landscape, suggesting that even minor voter swings could influence future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sangamon County, Illinois, saw a slight Republican tilt in the 2020 U.S. Presidential Election, with approximately 51% of the vote, while Democrats garnered roughly 47%. Minor parties, including the Libertarian and Green parties, collectively captured a small slice of the vote share, indicating limited traction beyond the two major parties. This narrow margin could suggest a competitive political landscape, where even small shifts could impact future elections.
51.06% of voters voted for the Republican party in the 2020 Presidential Election
46.70% 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
0.59% 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
Sangamon County, Illinois has experienced a steady decline in the student-to-teacher ratio over the last nine years, dropping from roughly 15 students per teacher in 2014 to around 12 in 2023. This trend is significant as it implies smaller class sizes, more personalized student attention, and possibly better educational outcomes. Compared to the national average of 14 students per teacher, Sangamon County's lower ratios could appeal to families prioritizing education and real estate investors... Read more
Student-to-teacher ratio in Sangamon County, Illinois over the last 9 years
Over the last nine years, Sangamon County, Illinois has seen a consistent decline in the student-to-teacher ratio, moving from approximately 15 students per teacher in 2014 to about 12 in 2023. This trend is notable as it suggests smaller class sizes, which can indicate more personalized attention for students and potentially better educational outcomes. Compared to the national average of 14 students per teacher, Sangamon County's current ratios are lower, which could be appealing to families prioritizing education, real estate investors focusing on family-friendly areas, and appraisers assessing property values. Insurance agents and builders might also find this data useful, as it can reflect a stable and improving community, potentially impacting property insurance rates and the demand for new housing developments.
