Shelby County Real Estate and Livability Trends
Shelby County, Illinois, has experienced a pronounced increase in median home values, from $85,300 in 2015 to $125,200 in 2022, though they still lag behind the state average. Fluctuating residential energy tax credits, peaking at $1,025.00 in 2021, may reflect growing interest in energy-efficient investments. Noteworthy too are the rising real estate taxes, hitting $3,786.36 in 2020, suggesting... Read more
Shelby County Market Trends
Shelby County, Illinois has seen median home values grow from $85,300 in 2015 to $125,200 in 2022, marking a notable upward trend even though these values still trail behind the state average. Residential energy tax credits in the county have fluctuated, reaching a high of $1,025.00 in 2021, which might signal increased energy-efficient investments—a potential draw for homebuilders and property... Read more
Median Value of Occupied Housing Units in Shelby County, Illinois Over the Last 8 Years
Shelby County, Illinois has seen its median home values climb from $85,300 in 2015 to $125,200 in 2022, indicating a consistent upward trend. While these values remain lower than the overall state of Illinois, which rose from $173,800 to $239,100 during the same period, they reflect a faster pace of growth relative to national averages. This suggests that Shelby County might present appealing investment opportunities for those looking to capitalize on emerging housing markets without the higher price points seen nationally.
Residential Energy Tax Credit Per Tax Return in Shelby County, IL Over the Last 8 Years
Over the past eight years, Shelby County, Illinois has experienced notable fluctuations in residential energy tax credits per tax return, with amounts ranging from $500.00 in 2017 to a peak of $1,025.00 in 2021. This variability presents opportunities for energy-efficient investments that may yield significant tax benefits, making it an attractive consideration for potential investors, homebuilders, and property owners. Higher credits in recent years might indicate increased adoption of energy-efficient technologies or incentives, which could be of particular interest to appraisers and real estate agents assessing properties' values and appeal in the area.
Average Real Estate Taxes Per Tax Return in Shelby County, IL Over the Last 10 Years
Over the past decade, Shelby County, Illinois has witnessed a general upward trend in average real estate taxes per tax return, starting at approximately $2,801.19 in 2012 and peaking at around $3,786.36 in 2020 before a slight dip to $3,532.00 in 2021. This increase may be indicative of rising property values or adjustments in tax rates. Potential investors and homeowners should be aware of the higher tax burden, which could impact long-term financial planning. Property developers and real estate agents might find this trend useful for advising clients and setting realistic expectations.
Percentage of Farm Returns in Shelby County, IL Over the Last 10 Years
Shelby County, Illinois has seen modest fluctuations in farm tax returns over the last decade, with values ranging from approximately 9.48% to 10.48%. These returns reflect the proportion of agricultural businesses filing taxes in the area. For investors and potential property developers, this trend may indicate the relative stability of agricultural activities in Shelby County, suggesting a steady market presence without significant volatility. This consistent presence can potentially offer a low-risk entry point for agricultural investments or development opportunities.
Number of Mortgages by Occupancy Type in Shelby County, IL Over the Last 5 Years in Shelby County
In Shelby County, Illinois, the number of mortgages for principal residences has seen notable fluctuations over the past five years, peaking at 516 in 2020 and dipping to 345 by 2022. Investment property mortgages have gradually declined from 16 in 2018 to just 12 in 2022, while second residence mortgages witnessed a slight increase in 2020 before settling back. Shifts in occupancy types impact neighborhood dynamics, local services demand, and property values, which are crucial for investors, movers, appraisers, insurers, builders, and real estate agents familiarizing themselves with the area. Understanding these changes can provide insights into the county's evolving real estate market and economic health, aiding strategic decisions in property investments and developments.
Economic Outlook
Shelby County, Illinois, has seen a steady rise in average taxable income per tax return, climbing from $49,386.88 in 2013 to $65,033.17 by 2021. This suggests an improving economic environment that might attract investors and new residents. However, fluctuations in state and local income taxes, where notable drops in 2015 and 2016 were followed by a peak of $8,563.64 in 2021, indicate volatile fiscal policies. Additionally, the average total tax liability per tax return has also grown, peaking... Read more
Average Taxable Income per Tax Return in Shelby County, IL over the last 9 years
Shelby County, Illinois has experienced a general upward trend in average taxable income per tax return over the past nine years. Starting at approximately $49,386.88 in 2013, the average income steadily grew to around $65,033.17 by 2021. This growth suggests a potentially improving economic environment, which could be attractive for prospective investors, property developers, and new residents considering the area.
Average State and Local Income Taxes Per Tax Return in Shelby County, IL Over the Last 10 Years
Shelby County, Illinois, has seen significant fluctuations in average state and local income taxes per tax return over the past decade. After a notable drop to $4,416.43 in 2015 and $4,006.77 in 2016, there was a dramatic increase, peaking at $8,563.64 in 2021. This volatility in tax burdens could be critical for potential investors and residents, signaling changing fiscal policies and economic conditions impacting disposable incomes and investment potential in the area.
Average Total Tax Liability Per Tax Return in Shelby County, IL Over the Last 10 Years
Over the last decade, Shelby County, Illinois has experienced some fluctuations in average total tax liability per tax return. From a starting point of $6,850.46 in 2012, there was a noticeable upward trend, peaking at $8,481.10 in 2021. Despite a few dips, especially in 2014 and 2018, the overall growth suggests a gradual increase in tax obligations. For investors and potential residents, this could hint at an evolving economic landscape and fiscal policy shifts, possibly reflecting broader economic growth or changes in the local tax structure.
Cost of Living in Shelby County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $979 | $1,279 | $2,409 | $1,058 | $1,296 |
| 1 adult 4 children | $979 | $1,044 | $1,846 | $1,058 | $1,342 |
| 2 adults 3 children | $979 | $1,045 | $2,088 | $1,058 | $1,063 |
| 1 adult 3 children | $979 | $853 | $1,525 | $1,058 | $1,086 |
| 2 adults 2 children | $774 | $855 | $1,767 | $959 | $953 |
| 1 adult 2 children | $774 | $639 | $1,204 | $959 | $862 |
| 2 adults 1 child | $774 | $676 | $1,446 | $640 | $918 |
| 1 adult 1 child | $774 | $437 | $884 | $640 | $738 |
| 2 adults | $588 | $543 | $1,126 | $0 | $722 |
| 1 adult | $531 | $296 | $563 | $0 | $573 |
Demographics
Shelby County, Illinois, presents a balanced gender demographic with a slight female majority. Educational attainment generally skews toward high school graduates, with fewer residents holding advanced degrees. The age distribution indicates a substantial middle-aged population, with the 45 to 64-year range dominating. The racial makeup predominantly consists of White residents, with very small representation from other races. These trends suggest a stable, primarily homogeneous population with... Read more
Race Distribution in Shelby County, Illinois (2022)
Educational Attainment in Shelby County, Illinois (2022)
Age Distribution in Shelby County, Illinois
Citizen Population in Shelby County, Illinois (2022)
Political Trends & Data
Shelby County in Illinois showed a strong conservative presence in the 2020 U.S. Presidential Election, with Republicans capturing about 78% of the vote. This political landscape may suggest local policies and community outcomes are influenced by conservative values. Minor parties had minimal impact, collectively receiving less than 2% of the vote, pointing to a predominantly two-party dynamic in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Shelby County in Illinois leaned heavily Republican in the 2020 U.S. Presidential Election, with around 78% of the vote. Democrats received roughly 21%, while minor parties, including the Libertarians and Greens, collectively garnered less than 2% of the vote. This suggests a strong conservative presence in the county, potentially influencing local policies and community outcomes.
77.92% of voters voted for the Republican party in the 2020 Presidential Election
20.70% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% of voters voted for the Green party in the 2020 Presidential Election
0.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
Shelby County, Illinois has shown a decrease in its student-to-teacher ratio over the past nine years, going from 13:1 in 2014 to about 10:1 in 2023. This figure is currently below the U.S. national average of 14:1, possibly indicating more personalized attention in schools and better educational outcomes. Such trends could appeal to investors, real estate agents, and families eyeing the area, as they might view this as a factor in community stability and attractiveness. Additionally, lower... Read more
Student-to-teacher ratio in Shelby County, Illinois over the last 9 years
Shelby County, Illinois has seen a notable decline in its student-to-teacher ratio over the past nine years, dropping from 13 students per teacher in 2014 to around 11 in 2022 and 10 in 2023. This ratio is currently under the US national average of 14 students per teacher, which could imply more personalized attention for each student and potentially better educational outcomes. Investors, real estate agents, and families considering a move might see this as a selling point, while appraisers and insurance agents might consider it an indicator of a stable and potentially more attractive community. Lower student-to-teacher ratios might also suggest community investment in education, reflecting positively on local property values and the overall quality of living in the area.
