Scott County Real Estate and Livability Trends
Scott County, Illinois, has seen a consistent rise in average taxable income per tax return, growing from $50,569.55 in 2013 to $63,594.94 in 2021, suggesting a burgeoning economic stability that could attract real estate investors. Median home values have experienced modest growth, from $84,300 in 2015 to $95,000 in 2022, trailing behind state and national trends. The energy tax credit per... Read more
Scott County Market Trends
Scott County, Illinois has seen slower growth in median home values, rising from $84,300 in 2015 to $95,000 in 2022, compared to the state and national averages. The energy tax credit per return notably surged to $2,550.00 in 2021, indicating rising interest or incentives in residential energy efficiency. Average real estate taxes per return increased significantly, from approximately $2,294.59... Read more
Median Value of Occupied Housing Units in Scott County, Illinois Over the Last 8 Years
Scott County, Illinois has experienced a relatively modest increase in median home values over the past eight years, from $84,300 in 2015 to $95,000 in 2022. This local increase, while steady, lags behind both the state of Illinois, which saw values rise from $173,800 to $239,100, and the national average, which surged from $125,500 to $179,400 in the same period. This slower growth in Scott County could present opportunities for buyers seeking more affordable options compared to the broader market.
Residential Energy Tax Credit Per Tax Return in Scott County, IL Over the Last 6 Years
Over the past six years, Scott County, Illinois has seen a generally upward trend in the average residential energy tax credit per tax return. Notably, the value spiked to $1,433.33 in 2016 and then dramatically jumped to $2,550.00 in 2021. This suggests a growing interest or incentive for residential energy improvements, which could potentially attract individuals and investors looking to capitalize on these credits. This trend could also signal increasing energy efficiency initiatives or rising energy costs prompting more residents to seek out tax benefits.
Average Real Estate Taxes Per Tax Return in Scott County, IL Over the Last 10 Years
Scott County, Illinois has seen a consistent increase in average real estate taxes per tax return over the last decade. Starting at approximately $2,294.59 in 2012, the average tax amount saw a significant rise to $3,325.00 by 2019, maintaining a level above $3,000.00 in subsequent years. This upward trend could reflect changes in property values, local tax policies or shifts in public service funding. Such information may be crucial for prospective investors, real estate agents, or anyone considering property-related ventures in Scott County as it hints at not just past trends but possible future tax trajectories. Additionally, this rise can influence appraisals, insurance rates, and overall cost of living considerations.
Percentage of Farm Returns in Scott County, IL Over the Last 10 Years
In Scott County, Illinois, the percentage of farm tax returns has generally hovered around 11.1% over the last decade, with slight fluctuations between 10.7% and 11.3%. Farm tax returns reflect the number of taxpayers within the county who report farm income, pointing to a steady agricultural presence in the area. This consistency could hint at stable agricultural activity, suggesting less volatility for investors and property developers interested in benefiting from or servicing the local farming community. For those considering a move, understanding these trends provides a clearer picture of the economic backdrop that supports local infrastructure and community services.
Number of Mortgages by Occupancy Type in Scott County, IL Over the Last 5 Years in Scott County
Scott County, Illinois has seen a significant variation in mortgage counts for different occupancy types over the last five years. Principal residence mortgages consistently dominate, peaking notably in 2020 and 2021 with over 120 each year, suggesting strong local demand for primary homes. Investment property mortgages, however, show a declining trend, dropping from 8 in 2018 to just 1 by 2022. Second residences have remained a negligible segment throughout these years. These fluctuating patterns in occupancy types might matter because they can indicate shifting community priorities, affecting everything from neighborhood stability and demographic shifts to market valuations and risk assessments. For anyone considering investment, the dominant focus on principal residences potentially hints at a stable homeowner market, whereas the dip in investment properties could mean fewer opportunities or decreasing investor interest in the area.
Economic Outlook
In Scott County, Illinois, there's a noticeable rise in average taxable income per tax return, going from around $50,569.55 in 2013 to $63,594.94 in 2021. This trend may indicate blossoming economic stability and could catch the eye of real estate investors. The county's state and local income taxes have been quite volatile, with dramatic shifts from a peak of $5,754.29 in 2013 to a low of $3,953.33 in 2016, then climbing back to $6,050.00 by 2021. Additionally, total tax liability per tax... Read more
Average Taxable Income per Tax Return in Scott County, IL over the last 9 years
Scott County, Illinois, has seen a gradual increase in the average taxable income per tax return over the last nine years, rising from approximately $50,569.55 in 2013 to around $63,594.94 in 2021. This upward trend suggests a potentially growing economic stability and could make the county more attractive for investors and new residents. With average incomes steadily climbing, there might be opportunities for residential and commercial real estate developments, benefiting those looking to invest in the area.
Average State and Local Income Taxes Per Tax Return in Scott County, IL Over the Last 10 Years
Scott County, Illinois has seen significant fluctuations in average state and local income taxes per tax return over the past decade. After peaking at $5,754.29 in 2013, there was a noticeable dip to $3,953.33 by 2016. However, the last few years have shown a dramatic rise, reaching $7,450.00 in 2020 before slightly decreasing to $6,050.00 in 2021. This volatility may be relevant for prospective investors and property developers assessing financial stability in the region. Residents and potential movers should consider the varying tax burdens as part of their economic planning.
Average Total Tax Liability Per Tax Return in Scott County, IL Over the Last 10 Years
Scott County in Illinois has seen some variability in the average total tax liability per tax return over the past decade. The liability decreased notably from 2012's peak of $7,650.28 to around $7,103.63 in 2014, showing a slow yet steady decline. However, there's been a significant increase recently, with 2021 reaching a high of $8,592.71. This fluctuation could imply changes in local economic conditions or tax policies, which might influence decisions for potential investors or residents considering the county.
Cost of Living in Scott County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $948 | $1,303 | $2,409 | $1,058 | $1,324 |
| 1 adult 4 children | $948 | $1,064 | $1,846 | $1,058 | $1,373 |
| 2 adults 3 children | $948 | $1,064 | $2,088 | $1,058 | $1,086 |
| 1 adult 3 children | $948 | $869 | $1,525 | $1,058 | $1,112 |
| 2 adults 2 children | $774 | $871 | $1,767 | $959 | $979 |
| 1 adult 2 children | $774 | $651 | $1,204 | $959 | $898 |
| 2 adults 1 child | $774 | $689 | $1,446 | $640 | $942 |
| 1 adult 1 child | $774 | $445 | $884 | $640 | $760 |
| 2 adults | $614 | $553 | $1,126 | $0 | $752 |
| 1 adult | $531 | $302 | $563 | $0 | $589 |
Safety trends & Data
Scott County, Illinois has seen relatively low property crime rates over the past two years. In 2021, there were 1.00 burglary, 2.00 larceny-thefts, and 1.00 vandalism incidents reported. In 2022, reports show a slight decrease with 1.00 burglary and 1.00 larceny-theft while vandalism incidents dropped to zero. These stable yet low figures might suggest a generally safe environment for potential investors, new residents, and current homeowners, reflecting a community that could appeal to those... Read more
Property Crime Trends in Scott County, IL Over the Last 2 Years
Scott County, Illinois has seen relatively low property crime rates over the last two years. In 2021, there were 1.00 burglary, 2.00 larceny-thefts, and 1.00 vandalism incidents reported. In 2022, reports show a slight decrease with 1.00 burglary and 1.00 larceny-theft while vandalism incidents dropped to zero. These stable yet low figures suggest a generally safe environment for potential investors, new residents, and current homeowners, reflecting a community that might appeal to those prioritizing safety. Real estate agents and insurance agents may find these trends favorable when advising clients or assessing risk.
Demographics
In Scott County, Illinois, the adult population is evenly split between males and females. A significant portion of the population has completed high school, with fewer individuals attaining higher education degrees. Age-wise, there is a notable concentration of residents in the 45-64 year range, reflecting an older demographic. The racial makeup is predominantly White, with minimal representation from other racial... Read more
Race Distribution in Scott County, Illinois (2022)
Educational Attainment in Scott County, Illinois (2022)
Age Distribution in Scott County, Illinois
Citizen Population in Scott County, Illinois (2022)
Political Trends & Data
Scott County, Illinois, leaned heavily Republican in the 2020 U.S. Presidential Election, with an estimated 77.2% of votes going to the GOP. The Democratic party received about 20.9%, suggesting a robust conservative tilt in the area. Minor parties like the Libertarians and Greens saw minimal support at roughly 1.1% and 0.4% respectively. This political landscape might influence local policies and strategies, reflecting broader regional... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Scott County, Illinois, showed a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with an estimated 77.2% of the votes. The Democratic party received about 20.9% of the vote share, indicating a strong Republican presence. Minor parties like the Libertarian and Green parties garnered minimal support, roughly 1.1% and 0.4% respectively. This trend may reflect broader regional political affiliations and priorities that could impact local policy and election strategies.
77.24% of voters voted for the Republican party in the 2020 Presidential Election
20.90% of voters voted for the Democrat party in the 2020 Presidential Election
1.13% of voters voted for the Livertarian party in the 2020 Presidential Election
0.40% of voters voted for the Green party in the 2020 Presidential Election
0.33% of voters voted for the Other party in the 2020 Presidential Election
School Data
Scott County, Illinois, has mostly seen a lower student-to-teacher ratio compared to the national average of 14, fluctuating between 8 and 11 students per teacher from 2014 to 2023. Lower ratios, peaking at just 11 in 2020 and dropping to 8 in 2019, suggest smaller class sizes, indicative of a potentially more personalized educational environment. This is appealing to families focusing on education, and it could impact property values, making the area attractive for developers, builders, and... Read more
Student-to-teacher ratio in Scott County, Illinois over the last 9 years
Scott County, Illinois has generally seen a student-to-teacher ratio lower than the national average of 14 students per teacher over the last nine years. From 2014 to 2023, the ratio mostly fluctuated between 8 and 11 students per teacher, hitting a low of 8 in 2019 and peaking at 11 in 2020. For anyone looking to invest in property or move to the area, this lower student-to-teacher ratio might imply smaller class sizes which can be a marker of more personalized education. For appraisers and insurance agents, these metrics hint at community welfare and education quality, impacting property values and insurance risk assessments. Real estate agents could highlight this as a selling point, attracting families prioritizing education, while developers and builders might anticipate stable or rising demand in residential projects catering to such families.
