Union County Real Estate and Livability Trends
Union County, Illinois has seen median home values rise from $93,900 in 2015 to $129,300 in 2022, pointing to a steadily appreciating market. Real estate taxes have also increased significantly, impacting affordability. Peaks in residential energy tax credits in 2019 and 2020 suggest growing investments in energy efficiency. The mortgage landscape is dominated by principal residence mortgages,... Read more
Union County Market Trends
Union County, Illinois has seen a significant rise in median home values from $93,900 in 2015 to $129,300 in 2022, suggesting a steadily appreciating market. Real estate taxes have also increased from $2,637.14 in 2012 to around $4,682.35 in 2021, potentially impacting affordability. Peaks in residential energy tax credits, especially in 2019 and 2020, hint at growing investments in energy... Read more
Median Value of Occupied Housing Units in Union County, Illinois Over the Last 8 Years
Union County, Illinois shows a significant increase in median home values over the past eight years, climbing from $93,900 in 2015 to $129,300 in 2022. This upward trend, although less steep than the national rise from $125,500 to $179,400 and Illinois state values from $173,800 to $239,100, could indicate a steadily appreciating market. For buyers, this suggests potential for investment growth, while existing homeowners might see their property gains aligning positively with broader market patterns, albeit at a more modest pace.
Residential Energy Tax Credit Per Tax Return in Union County, IL Over the Last 8 Years
Union County, Illinois has seen some variability in residential energy tax credits over the past eight years. Notably, there's a significant spike in 2019 when the average credit per return jumped to $1,733.33, and it remained high at $1,800.00 in 2020 before slightly decreasing to $1,600.00 in 2021. These peaks could be indicative of growing investments in energy-efficient home improvements, which might appeal to potential investors and homeowners looking to capitalize on these credits. For real estate agents, appraisers, and insurance agents, understanding these fluctuations can provide insights into the local market trends and homeowner priorities regarding energy efficiency.
Average Real Estate Taxes Per Tax Return in Union County, IL Over the Last 10 Years
Union County, Illinois has seen a steady increase in average real estate taxes per tax return over the past decade. Starting at approximately $2,637.14 in 2012, there is a noticeable upward trend reaching around $4,682.35 by 2021. This significant rise could be a critical factor for potential investors, homeowners, and real estate agents to consider when evaluating long-term financial commitments in the area. The steep increases observed particularly from 2017 to 2021 might influence the affordability and desirability of properties, impacting decisions on purchasing, selling, or insuring real estate in the county.
Percentage of Farm Returns in Union County, IL Over the Last 10 Years
Over the last 10 years in Union County, Illinois, the percentage of farm tax returns has hovered consistently around 6.4% to 6.7%. Farm tax returns reflect the proportion of tax returns filed by individuals or entities engaged in farming activities, indicating the region's agricultural presence. For potential investors, property developers, or new residents, a stable percentage of farm returns may signal a steady agricultural economy, which could be a cornerstone of the local economy and a point of consideration for economic stability and land use planning.
Number of Mortgages by Occupancy Type in Union County, IL Over the Last 5 Years in Union County
Union County, Illinois has seen notable trends in its mortgage landscape over the past five years, primarily dominated by principal residence mortgages, which peaked at 434 in 2021. Investment property mortgages have remained consistently low, with a minor increase in 2020, while second residence mortgages have declined sharply, hitting just 2 in 2022. Shifts in these occupancy types could suggest changes in the population's housing needs, investment opportunities, and market stability. Such trends are key for investors, real estate agents, and appraisers, indicating potential shifts in demand and offering cues for future property developments and valuations.
Economic Outlook
Union County, Illinois has experienced a steady increase in average taxable income per tax return, growing from around $45,916.93 in 2013 to $57,497.86 in 2021. Concurrently, average state and local income taxes per tax return have nearly doubled, reaching $8,681.25 by 2021. The region's total tax liability per tax return has shown some fluctuations, peaking in 2015 but generally trending upward. These trends hint at economic growth but also indicate rising fiscal pressures, making tax... Read more
Average Taxable Income per Tax Return in Union County, IL over the last 9 years
Union County, Illinois has seen a consistent rise in average taxable income per tax return over the last nine years, with values growing from approximately $45,916.93 in 2013 to $57,497.86 in 2021. This upward trend suggests potential economic growth and increasing prosperity in the region, which could be key for individuals and businesses considering investments or relocation. The steady increase year-over-year may indicate a stable economic environment fostering growth and development.
Average State and Local Income Taxes Per Tax Return in Union County, IL Over the Last 10 Years
Over the past decade, Union County, Illinois has seen a significant upward trend in average state and local income taxes per tax return, starting from $4,689.52 in 2012 and reaching $8,681.25 by 2021. Noteworthy spikes occurred in 2018 and 2019 with particularly sharp increases, reflecting a region under growing fiscal pressure. Investors and potential residents should consider the rising tax burden as a critical factor when evaluating financial commitments or lifestyle choices in this area.
Average Total Tax Liability Per Tax Return in Union County, IL Over the Last 10 Years
Union County, Illinois has seen fluctuations in the average total tax liability per tax return over the last decade. Starting from $6,342.91 in 2012, there's been a notable rise to $7,511.95 by 2021. A peak was observed in 2015 at $7,214.41, followed by slight decreases and increases. Investing in or relocating to Union County could mean grappling with these variations, reflecting deeper economic shifts and possibly changes in county tax policies.
Cost of Living in Union County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,029 | $1,404 | $2,902 | $1,058 | $1,555 |
| 1 adult 4 children | $1,029 | $1,146 | $2,227 | $1,058 | $1,576 |
| 2 adults 3 children | $1,029 | $1,147 | $2,514 | $1,058 | $1,274 |
| 1 adult 3 children | $1,029 | $936 | $1,839 | $1,058 | $1,273 |
| 2 adults 2 children | $774 | $939 | $2,126 | $959 | $1,068 |
| 1 adult 2 children | $774 | $701 | $1,451 | $959 | $971 |
| 2 adults 1 child | $774 | $742 | $1,738 | $640 | $1,008 |
| 1 adult 1 child | $774 | $479 | $1,063 | $640 | $790 |
| 2 adults | $593 | $596 | $1,350 | $0 | $790 |
| 1 adult | $578 | $325 | $675 | $0 | $616 |
Safety trends & Data
Union County, Illinois, has experienced a notable decrease in property crime over the past two years, particularly with larceny-theft cases falling from 22 in 2021 to 13 in 2022, and vandalism cases dropping from 13 to 5. However, fraud cases increased significantly, from just 1 in 2021 to 7 in 2022. Burglary and forgery-counterfeiting both surfaced in 2022 with 3 and 2 instances, respectively, while motor vehicle thefts remained stable at 2 cases annually. These shifts in crime data could... Read more
Property Crime Trends in Union County, IL Over the Last 2 Years
Union County, Illinois has seen some shifts in property crime over the past two years, with larceny-theft cases decreasing from 22 in 2021 to 13 in 2022 and vandalism cases also dropping from 13 to 5 in the same period. However, incidents of fraud increased significantly, from just 1 in 2021 to 7 in 2022. Burglary and forgery-counterfeiting appeared only in the 2022 data, with 3 and 2 cases, respectively. Motor vehicle thefts remained stable at 2 cases per year. This data could be of interest to investors, real estate professionals, and residents alike, as it reflects changes in the community's safety landscape.
Demographics
Union County, Illinois, sees a fairly balanced gender ratio among adults, and the educational attainment suggests a community leaning heavily towards high school graduates and those with some college experience, though a smaller fraction holds graduate or professional degrees. Age-wise, the population appears fairly dispersed across different age groups, highlighting an aging demographic with a noticeable chunk over 55 years. Racially, Union County is predominantly White, with minimal... Read more
Race Distribution in Union County, Illinois (2022)
Educational Attainment in Union County, Illinois (2022)
Age Distribution in Union County, Illinois
Citizen Population in Union County, Illinois (2022)
Political Trends & Data
In Union County, Illinois, the 2020 U.S. Presidential Election results seemed to reflect a strong Republican presence, with around 69% of the votes potentially going to Republican candidates. Democrats appeared to capture about 29% of the vote. Minor parties like the Libertarians and the Green Party most likely received marginal support, at close to 1% and 0.4%, respectively, while all other parties might have combined for just under 0.3%. This indicates a significant preference for major... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Union County, Illinois, Republican candidates seemingly held a significant lead in the 2020 U.S. Presidential Election with approximately 69% of the vote. Democratic representation appeared to be less robust, potentially capturing around 29%. Minor parties like the Libertarians and the Green Party may have garnered minimal support, collecting close to 1% and 0.4%, respectively. Other parties combined might have secured just under 0.3% of the vote, hinting at a notable preference for major parties within the county.
69.33% of voters voted for the Republican party in the 2020 Presidential Election
29.02% of voters voted for the Democrat party in the 2020 Presidential Election
1.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Green party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
Union County, Illinois has experienced a notable shift in its educational landscape, with the student-to-teacher ratio decreasing to around 13 in 2023, slightly below the national average. This move towards smaller class sizes likely reflects a focus on individualized attention, enhancing its appeal to families prioritizing quality education. For real estate investors and agents, these improvements might indicate a strengthening local infrastructure, which could make Union County a more... Read more
Student-to-teacher ratio in Union County, Illinois over the last 9 years
The student-to-teacher ratio in Union County, Illinois has seen significant fluctuations over the last nine years, notably peaking at 54 in 2014 before stabilizing closer to the national average. Recent years show a decrease to around 13 students per teacher in 2023, slightly below the US average of 14. This trend towards smaller class sizes potentially reflects a commitment to more individualized attention and could make Union County more appealing to families seeking quality education. For investors, real estate agents, and insurance agents, these educational improvements could signify a strengthening local infrastructure, contributing to a more attractive living environment and potentially boosting property values.
