Warren County Real Estate and Livability Trends
Warren County, Illinois might pique investor interest due to its steady economic growth and manageable real estate market. Median home values rose from $81,900 in 2015 to $98,200 in 2022, indicating slow but potentially profitable appreciation compared to state and national trends. The increase in total tax liability per tax return to $7,874.21 in 2021 points to rising incomes or tax adjustments,... Read more
Warren County Market Trends
Warren County's median home values have increased from $81,900 in 2015 to $98,200 in 2022, showcasing relatively slow growth compared to Illinois and national averages. This could present more affordable investment opportunities. Residential energy tax credits peaked at $1,512.50 in 2019, suggesting increased energy-efficient home improvements, which could boost property values and market... Read more
Median Value of Occupied Housing Units in Warren County, Illinois Over the Last 8 Years
Warren County, Illinois has seen its median home values rise gradually from $81,900 in 2015 to $98,200 in 2022, reflecting a slower growth rate compared to both state and national levels. While Illinois' statewide median home value spiked from $173,800 in 2015 to $239,100 in 2022, and nationally from $125,500 to $179,400 in the same period, Warren County's lower rates may offer more affordable investment opportunities. For potential homebuyers or investors, this indicates relative affordability and possible untapped potential in the market, compared to the sharp rises and higher costs seen across Illinois and the United States.
Residential Energy Tax Credit Per Tax Return in Warren County, IL Over the Last 8 Years
The average residential energy tax credit per tax return in Warren County, Illinois has seen significant fluctuations over the last eight years. From modest averages of under $350 in years 2013 to 2017, a notable spike occurred in 2019 reaching $1,512.50, hinting at a possible rise in energy-efficient home improvements or installations. Subsequent years also maintained higher averages compared to earlier years, with $1,300 in 2020 and $1,015.38 in 2021. These trends could be enticing for investors and real estate professionals, highlighting potential increases in property values and market interest in energy-efficient homes.
Average Real Estate Taxes Per Tax Return in Warren County, IL Over the Last 10 Years
In the last decade, average real estate taxes per tax return in Warren County, Illinois have shown a general upward trend. Starting at $2,777.98 in 2012, the amount has incrementally increased with notable peaks such as $3,394.62 in 2016 and $4,078.95 in 2018, reaching $4,100.00 in 2021. This trend could be of interest to investors, potential residents, and real estate professionals, as it suggests a gradual increase in property-related expenses, which might impact overall property values and the cost of living in the area.
Percentage of Farm Returns in Warren County, IL Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Warren County, Illinois has shown slight fluctuations but generally remained stable, hovering around 7.00% to 7.40%. This trend could indicate a relatively steady agricultural base, suggesting that farming remains a consistent economic activity. For those looking to invest in or move to Warren County, this stability might signal a dependable and ongoing engagement in the agricultural sector. Knowing that farm returns haven't dramatically declined can be reassuring for potential investors or developers interested in building properties related to agribusiness or rural living.
Number of Mortgages by Occupancy Type in Warren County, IL Over the Last 5 Years in Warren County
Warren County, Illinois, saw fluctuating trends in mortgage counts over the past five years, with principal residences experiencing the highest volume, peaking in 2020 at 450 and then dropping to 242 by 2022. Investment property mortgages stayed relatively stable, with a minor increase from 17 in 2018 to 30 in 2022. Mortgages for second residences saw minimal variation, highlighting a small niche market. Shifts in occupancy type can signal evolving buyer preferences, impacting local real estate dynamics, investment opportunities, appraisal values, insurance assessments, and development plans. Understanding these trends can guide decisions for stakeholders such as investors, homebuyers, agents, and property developers.
Economic Outlook
Warren County, Illinois has been experiencing a generally upward trend in average taxable income per tax return, indicating stable economic growth which could attract investors and potential residents. With average state and local income taxes exhibiting notable fluctuations but stabilizing around $6,000, the area presents a relatively high tax environment. Additionally, the recent increase in total tax liability per tax return to $7,874.21 in 2021 may signal rising income levels or adjustments... Read more
Average Taxable Income per Tax Return in Warren County, IL over the last 9 years
Over the past nine years, Warren County, Illinois has seen a generally upward trend in average taxable income per tax return. Starting at approximately $48,385 in 2013, the figure fluctuated slightly before reaching around $54,762 in 2020 and then jumping to nearly $59,978 in 2021. This suggests a relatively stable economic growth in the area, making it potentially attractive for investors or those considering moving to the county. For residents and property developers, these figures may indicate an improving financial landscape and opportunities for economic development.
Average State and Local Income Taxes Per Tax Return in Warren County, IL Over the Last 10 Years
Warren County, Illinois, has exhibited notable fluctuations in average state and local income taxes per tax return over the last decade, ranging from a low of $4,270.33 in 2016 to a peak of $6,822.12 in 2013. Recent years have seen somewhat stabilized figures, hovering around the $6,000 mark. These trends indicate a variable yet relatively high tax environment, crucial for prospective investors and residents to consider since it affects overall cost of living and investment returns in the area.
Average Total Tax Liability Per Tax Return in Warren County, IL Over the Last 10 Years
Over the last decade, Warren County, Illinois has seen fluctuations in average total tax liability per tax return, peaking at $8,748.28 in 2012 and dipping to its lowest at $7,136.25 in 2019. The recent uptrend to $7,874.21 in 2021 indicates a potential increase in income levels or changes in tax policy. This information might be particularly relevant for potential investors and residents considering the area's economic stability and growth trajectory.
Cost of Living in Warren County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,100 | $1,436 | $2,329 | $1,058 | $1,374 |
| 1 adult 4 children | $1,100 | $1,172 | $1,784 | $1,058 | $1,422 |
| 2 adults 3 children | $1,100 | $1,173 | $2,019 | $1,058 | $1,128 |
| 1 adult 3 children | $1,100 | $958 | $1,474 | $1,058 | $1,155 |
| 2 adults 2 children | $774 | $960 | $1,709 | $959 | $954 |
| 1 adult 2 children | $774 | $717 | $1,164 | $959 | $857 |
| 2 adults 1 child | $774 | $759 | $1,399 | $640 | $916 |
| 1 adult 1 child | $774 | $490 | $854 | $640 | $730 |
| 2 adults | $623 | $610 | $1,089 | $0 | $730 |
| 1 adult | $518 | $332 | $545 | $0 | $560 |
Demographics
Warren County's adult population shows a nearly even split between males and females, slightly skewing towards females. Educationally, a significant portion of adults has a high school diploma or some college education, with fewer residents holding advanced degrees. The age distribution is quite balanced, though there's a noticeable concentration of adults in their late 50s and early 60s. The racial makeup remains predominantly white, with smaller yet diverse representations of African... Read more
Race Distribution in Warren County, Illinois (2022)
Educational Attainment in Warren County, Illinois (2022)
Age Distribution in Warren County, Illinois
Citizen Population in Warren County, Illinois (2022)
Political Trends & Data
In Warren County, Illinois, the 2020 U.S. Presidential Election results indicate a possible conservative dominance with Republicans potentially capturing around 59% of the vote. Democrats seemed to lag behind, accruing about 39%, while Libertarians and the Green party garnered minimal backing, possibly only 1.2% and 0.4% respectively. This trend might suggest a downplayed role of minor parties in the local political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Warren County, Illinois, the Republican party appeared to have a significant lead during the 2020 U.S. Presidential Election, potentially amassing around 59% of the vote. Democrats seemed to trail with approximately 39%, while Libertarians and the Green party received minimal support, around 1.2% and 0.4% respectively. These results may or may not suggest a strong conservative leaning in the county, with minor parties barely making a dent.
59.12% of voters voted for the Republican party in the 2020 Presidential Election
39.07% of voters voted for the Democrat party in the 2020 Presidential Election
1.25% 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
0.13% of voters voted for the Other party in the 2020 Presidential Election
School Data
Warren County, Illinois has seen its student-to-teacher ratio fluctuate dramatically over the past nine years, peaking at 26 in 2019 before dropping to 11 in 2023. This lower ratio, now below the national average of 14, can attract families seeking smaller class sizes, potentially driving up demand for housing in neighborhoods with desirable schools. For investors and developers, areas with consistently lower ratios could offer higher returns as these educational perks may boost property values... Read more
Student-to-teacher ratio in Warren County, Illinois over the last 9 years
Warren County, Illinois has shown a significant fluctuation in the student-to-teacher ratio over the past nine years, peaking sharply at 26 in 2019 before dropping to 11 in 2023. With a current ratio well below the US national average of 14, this trend implies smaller class sizes, which is often a selling point for families considering a move here. For real estate agents and investors, these dips could correlate with varying demand for housing, particularly in neighborhoods with desirable schools. Prospective appraisers and insurance agents should note that such trends might impact property values and risk profiles. Real estate developers might see steady or increased interest in areas with consistently lower student-to-teacher ratios, offering a potential for higher returns on investment.
