Stephenson County Real Estate and Livability Trends
Stephenson County, Illinois has seen a notable rise in average taxable income per tax return, jumping from $47,534.98 in 2013 to $61,119.27 in 2021, which could attract investors and homebuilders. Average state and local income taxes per return peaked at $9,587.27 in 2021, potentially influencing financial considerations for new residents. The median home value increased from $99,600.00 in 2020... Read more
Stephenson County Market Trends
Stephenson County, Illinois has seen an upward trend in median home values, rising from $99,600.00 in 2020 to $122,000.00 in 2022, which could signal new investment opportunities despite still being below state and national averages. Residential energy tax credits peaked notably in 2018 at $4,575.00 before dropping to approximately $1,153.66 by 2021, offering potential savings for... Read more
Median Value of Occupied Housing Units in Stephenson County, Illinois Over the Last 8 Years
In recent years, Stephenson County, Illinois has experienced a gradual increase in median home values, especially notable since 2020 when values jumped from $99,600.00 to $122,000.00 in 2022. While these figures still lag behind the state average, which reached $239,100.00 in 2022, and the national average of $179,400.00, the county's growth could hint at emerging investment opportunities. For potential buyers, builders, or investors, this upward trend suggests that Stephenson County might be becoming a more attractive and affordable option compared to other parts of Illinois and the broader U.S. Those already living in the county may find the increasing home values positively impacting their property equity.
Residential Energy Tax Credit Per Tax Return in Stephenson County, IL Over the Last 9 Years
Stephenson County, Illinois has seen fluctuating residential energy tax credits per tax return over the past nine years, with a notable spike in 2018 at $4,575.00, which is substantially higher than other years. Prior to this, the average credit gradually increased from $211.67 in 2013 to $380.00 in 2017. Post-2018, the credit saw a decline, settling around the $1,153.66 mark by 2021. This variability might interest real estate investors, insurance agents, and those considering energy-efficient home improvements, as it highlights potential incentives and savings tied to residential energy upgrades within the county.
Average Real Estate Taxes Per Tax Return in Stephenson County, IL Over the Last 10 Years
Over the past decade, Stephenson County, Illinois has seen a gradual increase in average real estate taxes per tax return, with values rising from $4,037.45 in 2012 to $5,312.50 in 2021. Notably, there's a sharp uptick starting from 2017, peaking at $5,541.03 in 2019 before a slight decrease in the following years. For investors, appraisers, and real estate agents, this trend suggests evolving financial dynamics in the region, potentially influencing property values and homeowner costs. For those looking to build or move here, it's crucial to factor in these rising taxes when planning long-term investments.
Percentage of Farm Returns in Stephenson County, IL Over the Last 10 Years
Farm tax returns in Stephenson County, Illinois over the past decade show a gradual decrease from approximately 4.78% in 2012 to around 4.29% in 2021. The trend offers insights for those considering agricultural investments or rural development in the area. A closer examination indicates fluctuations likely tied to broader economic or policy shifts impacting local agriculture. This data is useful for prospective investors, developers, and residents looking to understand local economic conditions or the potential stability of property values within agricultural zones.
Number of Mortgages by Occupancy Type in Stephenson County, IL Over the Last 5 Years in Stephenson County
Over the last five years, the number of mortgages for principal residences in Stephenson County, Illinois, has fluctuated, peaking in 2021 but generally showing a downward trend. Investment property mortgages have seen a gradual increase, suggesting a growing interest from investors. Second residence mortgages remain relatively low and stable, indicating less demand in that segment. These shifts in occupancy types could impact how appraisers evaluate property values, as increased investor activity might drive up home prices and change neighborhood dynamics. For insurance agents and real estate professionals, understanding these trends is crucial for anticipating market demands and advising clients accurately. Potential investors and residents should consider these changes when making decisions, as they could influence future property values and the overall market stability.
Economic Outlook
Stephenson County, Illinois has experienced a steady rise in average taxable income per tax return, climbing from $47,534.98 in 2013 to $61,119.27 in 2021. This trend could lure investors and homebuilders to the area, but they should weigh economic factors and sustainability before diving in. Meanwhile, average state and local income taxes per return in the county have fluctuated significantly, peaking at $9,587.27 in 2021. This ongoing rise in tax burdens, highlighted by a notable spike in... Read more
Average Taxable Income per Tax Return in Stephenson County, IL over the last 9 years
Stephenson County, Illinois has seen a steady increase in average taxable income per tax return over the past nine years. It rose from $47,534.98 in 2013 to $61,119.27 in 2021, indicating a general trend of economic growth. This pattern may attract potential investors and homebuilders seeking a burgeoning market. However, interested parties should consider economic factors and sustainability when making decisions.
Average State and Local Income Taxes Per Tax Return in Stephenson County, IL Over the Last 10 Years
Over the last decade, Stephenson County, Illinois has seen significant fluctuations in average state and local income taxes per tax return, ranging from $4,396.17 in 2016 to $9,587.27 in 2021. The spike in 2018, where the average tax burden rose to $7,633.33, and its continued climb, peaking in 2021, suggests increasing financial pressures or changes in tax regulations. These trends are crucial for prospective investors and residents as they highlight the evolving economic landscape, impacting cost of living, disposable income, and overall financial planning.
Average Total Tax Liability Per Tax Return in Stephenson County, IL Over the Last 10 Years
Over the past decade, Stephenson County, Illinois has experienced fluctuating yet generally rising average total tax liabilities per tax return, peaking significantly in 2021 at $8667.20. This upward trend could impact residents and potential investors, signaling possible changes in economic conditions or tax policies in the area. For anyone interested in the financial climate of Stephenson County, these numbers may suggest a heavier tax burden over time, which is crucial for financial planning and property investments.
Cost of Living in Stephenson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $985 | $1,500 | $2,574 | $1,058 | $1,400 |
| 1 adult 4 children | $985 | $1,225 | $1,974 | $1,058 | $1,420 |
| 2 adults 3 children | $985 | $1,225 | $2,231 | $1,058 | $1,136 |
| 1 adult 3 children | $985 | $1,000 | $1,631 | $1,058 | $1,135 |
| 2 adults 2 children | $774 | $1,003 | $1,888 | $959 | $990 |
| 1 adult 2 children | $774 | $749 | $1,287 | $959 | $880 |
| 2 adults 1 child | $774 | $793 | $1,544 | $640 | $940 |
| 1 adult 1 child | $774 | $512 | $944 | $640 | $738 |
| 2 adults | $588 | $637 | $1,201 | $0 | $734 |
| 1 adult | $522 | $347 | $600 | $0 | $561 |
Safety trends & Data
In Stephenson County, Illinois, property crime data over the past two years indicate a notable rise in larceny-theft, climbing from 22 incidents in 2021 to 66 in 2022, and a slight increase in burglary rates from 12 to 19 cases. Despite a small dip, vandalism remains relatively high with 37 occurrences. Fraud cases held steady with 14 each year, whereas incidents of arson, forgery, embezzlement, and stolen property possession have emerged. These shifts could impact risk assessments for... Read more
Property Crime Trends in Stephenson County, IL Over the Last 2 Years
In Stephenson County, Illinois, property crime trends over the past two years show a significant rise in larceny-theft, jumping from 22 incidents in 2021 to 66 in 2022. Burglary rates also appear to have increased from 12 to 19 cases in the same period. Vandalism remains relatively high but dipped slightly from 40 to 37 occurrences. Consistent levels of fraud were noted with 14 cases each year, while isolated incidents of arson, forgery, and new cases of embezzlement and possession of stolen property emerged. These trends could be pivotal for potential investors, insurance agents, and real estate professionals assessing the county's risk profile and for residents understanding shifts in local crime dynamics.
Demographics
Stephenson County, Illinois, shows a relatively balanced male (16,639) to female (17,906) adult population. The county appears to prioritize education, with a significant portion having at least some college education and 4,130 holding a bachelor's degree. Age-wise, there's a fairly even spread, though the 55 to 64 years group stands out, suggesting a large nearing-retirement population. Racial diversity in the county seems limited, with a predominant White population (37,047) and smaller Black... Read more
Race Distribution in Stephenson County, Illinois (2022)
Educational Attainment in Stephenson County, Illinois (2022)
Age Distribution in Stephenson County, Illinois
Citizen Population in Stephenson County, Illinois (2022)
Political Trends & Data
Stephenson County, Illinois exhibits a Republican lean with approximately 57% of the votes in the 2020 U.S. Presidential Election, while Democrats received around 41%. Minor parties, such as the Libertarian and Green parties, collectively made up about 2%. This voting pattern could be indicative of broader state or national trends and might impact local policy decisions and political strategies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Stephenson County, Illinois shows a leaning towards Republican support with about 57% of the votes in the 2020 U.S. Presidential Election, while Democrats garnered roughly 41%. Minor parties like the Libertarian and Green parties combined might have influenced around 2% of the vote. This distribution suggests a significant Republican presence, though the Democratic portion indicates a substantial opposition. This kind of voting breakdown might reflect broader state or national trends and could influence local policy decisions and party strategies moving forward.
56.79% of voters voted for the Republican party in the 2020 Presidential Election
41.07% of voters voted for the Democrat party in the 2020 Presidential Election
1.49% of voters voted for the Livertarian party in the 2020 Presidential Election
0.43% of voters voted for the Green party in the 2020 Presidential Election
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
Stephenson County, Illinois has experienced significant swings in its student-to-teacher ratio over the last nine years, dropping from 20 in 2014 to about 10.5 in 2022, and then rising to 13 by 2023. This lower ratio, compared to the national average of 14, might be appealing to families due to the potential for more personalized education. These changes could interest investors and real estate agents as they hint at rising demand from families, while appraisers and insurance agents might need... Read more
Student-to-teacher ratio in Stephenson County, Illinois over the last 9 years
Stephenson County, Illinois has seen significant fluctuations in its student-to-teacher ratio over the past nine years, dropping from 20 in 2014 to a low of around 10.5 in 2022, before rising back to 13 by 2023. This current ratio is notably lower than the national average of 14 students per teacher. Such changes could impact various stakeholders: investors and real estate agents may find the dips appealing as they often indicate smaller class sizes that could attract families; appraisers and insurance agents might see potential changes in property values; potential residents might view the lower ratios as a sign of more personalized education, making the area more attractive for families with children.
