Stark County Real Estate and Livability Trends
Stark County, Illinois has seen average taxable income per tax return climb from $55,311.85 in 2013 to $64,719.54 in 2021, alongside a rise in state and local income taxes to $10,085.71 in 2021. Meanwhile, median home values increased to $95,900 in 2022, still lagging behind the state average of $239,100. Residential energy tax credits peaked at $2,025.00 in 2020, pointing to a possible uptick in... Read more
Stark County Market Trends
Stark County, Illinois has shown a modest rise in median home values, reaching $95,900 in 2022, yet still trailing Illinois' broader surge to $239,100. The disparity in home value trends may make Stark County appealing for those seeking a more stable and affordable market. Additionally, significant growth in residential energy tax credits, peaking at $2,025.00 in 2020, could indicate rising... Read more
Median Value of Occupied Housing Units in Stark County, Illinois Over the Last 8 Years
Stark County, Illinois has seen a modest increase in median home values over the last eight years, ending 2022 at $95,900, a noteworthy gain from $85,100 in 2015. This trend contrasts with Illinois' overall trajectory where home values have surged from $173,800 to $239,100 over the same period. Nationally, this disparity is even more pronounced, with median values climbing from $125,500 to $179,400. Investors or prospective homeowners might find Stark County appealing, given its more stable and affordable market compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Stark County, IL Over the Last 7 Years
Stark County, Illinois has seen substantial growth in the average residential energy tax credit per tax return over the past seven years. From $242.86 in 2013, the credit saw a gradual increase, stabilizing at $275.00 in 2015 and 2016. However, the most significant changes occurred in recent years, with dramatic jumps to $1,325.00 in 2019 and peaking at $2,025.00 in 2020, before settling at $1,525.00 in 2021. These trends might indicate increased investments in energy-efficient home improvements or changes in tax policies favoring such upgrades, making it an attractive consideration for real estate agents, investors, and homeowners looking to boost property value and reduce energy costs.
Average Real Estate Taxes Per Tax Return in Stark County, IL Over the Last 10 Years
Over the past decade, Stark County, Illinois, has seen fluctuating real estate taxes with a noticeable increase from $2,852.17 in 2012 to a high of $4,277.78 in 2018, before stabilizing around $3,433.33 in 2021. These trends might indicate varying economic factors and county-level fiscal policies that could affect potential property investments, making it crucial for investors and real estate agents to consider the shifting tax landscape. For those planning to build or buy property, understanding these tax patterns can provide insights into long-term costs and financial planning.
Percentage of Farm Returns in Stark County, IL Over the Last 10 Years
Stark County, Illinois has experienced marginal fluctuations in the percentage of farm tax returns over the past decade, peaking around 11.24% in 2017 and dipping to approximately 9.85% in 2021. Farm tax returns, typically filed by individuals who earn the bulk of their income from agricultural activities, provide vital insights into the economic health and viability of the local farming sector. For potential investors, this trend suggests moderate but varying engagement in farming activities, which could indicate shifts in agricultural productivity or economic viability. This data could be pivotal for those looking to invest in, move to, or develop property in Stark County, indicating a stable yet slightly declining agricultural base that could influence local economic strategies.
Number of Mortgages by Occupancy Type in Stark County, IL Over the Last 5 Years in Stark County
Principal residences dominate the mortgage scene in Stark County, Illinois, potentially indicating stable local demand for primary housing. Investment property mortgages show fluctuating yet modest interest, which might reflect changing investor confidence or rental market dynamics. Second residences make up a minor fraction, which could suggest limited appeal or opportunity for vacation or secondary homes. Understanding these trends is critical for investors, developers, and market analysts to gauge local real estate viability, assess risk, and predict future market behaviors.
Economic Outlook
Stark County, Illinois has shown a notable increase in average taxable income per tax return over the past nine years, jumping from $55,311.85 in 2013 to $64,719.54 in 2021. Correspondingly, state and local income taxes per tax return have also risen, hitting $10,085.71 in 2021. Despite these increases, the average total tax liability has actually decreased over the last decade, although there was a slight rebound to $9,192.86 in 2021 from a low of $7,623.78 in 2019. These trends suggest... Read more
Average Taxable Income per Tax Return in Stark County, IL over the last 9 years
Average taxable income per tax return in Stark County, Illinois has shown a general upward trend over the past nine years, despite some fluctuations. In 2013, it was approximately $55,311.85, increasing and decreasing slightly in subsequent years before rising more significantly to $64,719.54 by 2021. This growth might indicate economic resilience and potentially increasing prosperity, making Stark County an area worth watching for investment, property development, or relocation.
Average State and Local Income Taxes Per Tax Return in Stark County, IL Over the Last 10 Years
Over the last decade, Stark County, Illinois has experienced a notable increase in average state and local income taxes per tax return, peaking at $10,085.71 in 2021 from $5,214.89 in 2012. This upward trend, albeit with some fluctuations, highlights a rising tax burden which potential investors, homeowners, and residents should consider when evaluating the economic landscape.
Average Total Tax Liability Per Tax Return in Stark County, IL Over the Last 10 Years
The average total tax liability per tax return in Stark County, Illinois, has shown a downward trend over the last decade, starting at approximately $9,874.15 in 2012 and reaching a low of about $7,623.78 in 2019. However, it exhibited a slight rebound to roughly $9,192.86 by 2021. This pattern could indicate economic shifts influencing taxpayer liabilities, reflecting either policy changes or variations in average incomes. For potential investors, developers, and residents, understanding these fluctuations is crucial as they may impact the overall economic environment and financial planning in the area.
Cost of Living in Stark County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $998 | $1,424 | $2,544 | $1,110 | $1,500 |
| 1 adult 4 children | $998 | $1,163 | $1,958 | $1,110 | $1,519 |
| 2 adults 3 children | $998 | $1,163 | $2,200 | $1,110 | $1,208 |
| 1 adult 3 children | $998 | $949 | $1,615 | $1,110 | $1,233 |
| 2 adults 2 children | $768 | $952 | $1,857 | $999 | $1,035 |
| 1 adult 2 children | $768 | $711 | $1,272 | $999 | $955 |
| 2 adults 1 child | $768 | $752 | $1,514 | $641 | $974 |
| 1 adult 1 child | $768 | $486 | $928 | $641 | $792 |
| 2 adults | $606 | $604 | $1,170 | $0 | $787 |
| 1 adult | $548 | $330 | $585 | $0 | $595 |
Demographics
Stark County, Illinois has a nearly balanced gender ratio among adults, yet it shows a significant skew towards Whites with minimal representation from other races. The county's educational attainment reveals a strong inclination towards high school graduates, while fewer residents hold advanced degrees. Age distribution hints at a mature population with a pronounced segment over 55 years old, underscoring potential community needs for elder care... Read more
Race Distribution in Stark County, Illinois (2022)
Educational Attainment in Stark County, Illinois (2022)
Age Distribution in Stark County, Illinois
Citizen Population in Stark County, Illinois (2022)
Political Trends & Data
Stark County, Illinois, tended to skew heavily Republican in the 2020 U.S. Presidential Election, with around 70% of votes potentially going to the GOP. Democrats seemed to capture under a third of the vote, possibly indicating significant conservative leanings. Support for third parties appeared minimal, with Libertarians and Greens each garnering roughly 1.5% and 0.6% of the votes, which could suggest a strong two-party preference among... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Stark County, Illinois, might have leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 70% of the vote. Democrats appeared to capture less than a third of the vote, potentially signaling strong conservative tendencies in this region. Libertarians and Greens trailed significantly, securing around 1.5% and 0.6% respectively, which suggests limited support for third parties here.
69.51% of voters voted for the Republican party in the 2020 Presidential Election
28.27% of voters voted for the Democrat party in the 2020 Presidential Election
1.46% 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
0.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
Stark County, Illinois sports a student-to-teacher ratio consistently below the national average of 14 students per teacher, ranging from about 11.34 to 12.83 over the last nine years. This more personalized education environment might boost educational outcomes and enhance the area's appeal to families, potentially influencing property values positively. These educational metrics add weight to the area's desirability, which could interest investors, appraisers, insurance agents, property... Read more
Student-to-teacher ratio in Stark County, Illinois over the last 9 years
Stark County, Illinois shows a student-to-teacher ratio generally below the national average of 14 students per teacher over the last nine years. The ratio ranged from approximately 11.34 to 12.83, indicating smaller class sizes that might appeal to families seeking more personalized education. This lower ratio can potentially enhance educational outcomes and make the area more attractive for new residents, thus influencing property values positively. Investors, appraisers, insurance agents, property developers, and real estate agents could find these educational metrics significant as they add weight to the area's desirability and market dynamics.
