Washington County Real Estate and Livability Trends
Washington County, Illinois, has seen notable growth in average taxable income, reaching $76,542.06 in 2021, reflecting a robust local economy that could drive property values up. Median home values have jumped from $106,600 in 2015 to $147,100 in 2022, indicating a trend of steady appreciation in real estate. The region has also experienced fluctuations in energy tax credits and rising real... Read more
Washington County Market Trends
Washington County, Illinois has seen impressive growth in median home values, rising from $106,600 in 2015 to $147,100 in 2022, showcasing affordability compared to statewide and national values. Energy tax credits per return have fluctuated wildly, with significant spikes in 2015, 2018, and 2020, indicating varying investment in energy efficiency. Real estate taxes averaged $3,502.47 per return... Read more
Median Value of Occupied Housing Units in Washington County, Illinois Over the Last 8 Years
Over the past eight years, median home values in Washington County, Illinois have increased from $106,600 in 2015 to $147,100 in 2022. This growth has been quite significant, especially in the last year. When compared to the statewide median values, which grew from $173,800 to $239,100 in the same period, Washington County's housing remains more affordable. Nationally, median home values rose from $125,500 in 2015 to $179,400 in 2022, indicating that while Washington County remains below national and state averages, its housing market is showing robust growth. This could be an attractive factor for potential homebuyers looking for affordability with increasing value, as well as for investors eyeing areas with upward price momentum.
Residential Energy Tax Credit Per Tax Return in Washington County, IL Over the Last 9 Years
Residential energy tax credits in Washington County, Illinois have shown significant fluctuations over the past nine years, with notable peaks in 2015, 2018, and 2020, hitting highs of $1590.91, $4733.33, and $3466.67 per tax return respectively. Conversely, 2014 and 2017 saw comparatively lower averages at $760.00 and $350.00 per return. This variability could indicate shifts in residential energy efficiency investments or changes in state and federal incentives. These trends may be relevant for potential investors, homeowners, appraisers, and real estate agents considering the attractiveness of energy-efficient properties in the area.
Average Real Estate Taxes Per Tax Return in Washington County, IL Over the Last 10 Years
Over the last decade, Washington County, Illinois has seen a steady increase in average real estate taxes per tax return, rising from approximately $3,502.47 in 2012 to around $4,731.58 in 2021. Notable jumps can be observed particularly between 2016 and 2018, with the latter marking the highest recorded average. This pattern is crucial for potential investors, property builders, and real estate agents to consider, as increasing tax liabilities may influence property valuations and overall cost of living in the area, while also reflecting on the county’s economic development and public funding priorities.
Percentage of Farm Returns in Washington County, IL Over the Last 10 Years
Over the past decade, Washington County, Illinois has seen its percentage of farm returns fluctuate, with a slight decline overall. Starting at 11.27% in 2012, the figure dipped to a low of 10.07% in 2020 before rebounding to 10.61% in 2021. This trend highlights a variable but generally stable farm economy which may indicate resilience in agricultural investments. Farm tax returns, which are tax filings specific to agricultural businesses, can serve as an indicator of the sector's health and productivity, making these trends particularly relevant for investors, potential residents, and developers keen on understanding the local economic landscape.
Number of Mortgages by Occupancy Type in Washington County, IL Over the Last 5 Years in Washington County
In Washington County, Illinois, over the past five years, mortgage activity for principal residences has dominated, peaking in 2021 with 627 mortgages. Investment properties and second residences represent a smaller but notable share, with relatively consistent but lower mortgage counts. Changes in occupancy type may indicate diverse investment opportunities or shifts in housing demands. For investors, this could mean a stable residential market for principal homes, while the steady but fewer investment property mortgages might suggest niche areas for growth. Appraisers and real estate agents could see value in these trends for pricing and marketing, respectively, while insurance agents might consider the varied risk profiles associated with different occupancy types. Understanding these dynamics is crucial for anyone considering a move or investment in this county.
Economic Outlook
Washington County, Illinois has observed significant growth in average taxable income, climbing nearly 41% from $54,324.03 in 2013 to $76,542.06 in 2021. Alongside this, the average state and local income taxes have had substantial fluctuations, peaking at $9,435.00 in 2020 before settling at $7,541.18 in 2021. Additionally, the average total tax liability per tax return has risen from $8,032.25 in 2012 to $11,813.52 in 2021. These trends suggest a dynamically evolving economy, potentially... Read more
Average Taxable Income per Tax Return in Washington County, IL over the last 9 years
Washington County, Illinois has experienced consistent growth in average taxable income per tax return over the past nine years, rising from $54,324.03 in 2013 to $76,542.06 in 2021. This nearly 41% increase in taxable income might indicate a healthier local economy, making the county potentially attractive for investors and new residents. Such trends could influence property values, business opportunities, and overall quality of life, signaling a community with rising financial stability.
Average State and Local Income Taxes Per Tax Return in Washington County, IL Over the Last 10 Years
Over the last decade in Washington County, Illinois, the average state and local income taxes per tax return exhibited substantial fluctuations. After a slight decrease from $5,294.94 in 2012 to $4,863.64 in 2016, the region experienced a notable climb, peaking at $9,435.00 in 2020 before slightly dipping to $7,541.18 in 2021. These trends suggest an economically dynamic area, reflecting both the state's fiscal policy shifts and possibly changing local economic conditions. This evolving tax landscape is crucial for potential investors, homeowners, and businesses contemplating relocation or property development in the county.
Average Total Tax Liability Per Tax Return in Washington County, IL Over the Last 10 Years
Washington County, Illinois has seen a notable increase in the average total tax liability per tax return over the past decade. From a starting point of approximately $8,032.25 in 2012, the figure has grown significantly, reaching roughly $11,813.52 by 2021. This rising trend might suggest changes in property values, income levels, and possible adjustments in local tax policies. For investors and prospective residents, this data could indicate a shifting economic landscape that may be worth investigating further.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,026 | $1,416 | $2,449 | $1,058 | $1,427 |
| 1 adult 4 children | $1,026 | $1,156 | $1,877 | $1,058 | $1,475 |
| 2 adults 3 children | $1,026 | $1,156 | $2,122 | $1,058 | $1,173 |
| 1 adult 3 children | $1,026 | $944 | $1,551 | $1,058 | $1,199 |
| 2 adults 2 children | $843 | $947 | $1,796 | $959 | $1,034 |
| 1 adult 2 children | $843 | $707 | $1,224 | $959 | $960 |
| 2 adults 1 child | $843 | $748 | $1,470 | $640 | $989 |
| 1 adult 1 child | $843 | $483 | $898 | $640 | $795 |
| 2 adults | $681 | $601 | $1,144 | $0 | $791 |
| 1 adult | $578 | $328 | $572 | $0 | $607 |
Demographics
Washington County, Illinois shows a relatively balanced gender split, with a slight majority male population. High school graduates form the largest group concerning educational attainment, with a significant drop as we move toward higher education levels. Age distribution reveals a notable concentration in both the 55-64 and 45-54 age brackets, suggesting a mature population with potential impacts on healthcare and retirement services. The ethnic demographics highlight an overwhelmingly White... Read more
Race Distribution in Washington County, Illinois (2022)
Educational Attainment in Washington County, Illinois (2022)
Age Distribution in Washington County, Illinois
Citizen Population in Washington County, Illinois (2022)
Political Trends & Data
Washington County, Illinois, leaned heavily Republican in the 2020 U.S. Presidential election, with about 77% of the votes, while Democrats attracted around 21%. This conservative tilt could influence local policies and community priorities, potentially making the area more attractive to those with similar political values. The political landscape might impact decisions in areas such as zoning, property taxes, and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Washington County, Illinois, saw Republicans potentially dominating the 2020 U.S. Presidential election with nearly 77% of the votes. Democrats seemed to garner around 21%, while Libertarians and Greens trailed much further behind. This suggests a strong Republican presence, reflecting local political leanings that are likely more conservative. Such a distribution might influence local policies and community priorities, possibly aligning more with Republican values.
77.39% of voters voted for the Republican party in the 2020 Presidential Election
20.77% of voters voted for the Democrat party in the 2020 Presidential Election
1.16% of voters voted for the Livertarian party in the 2020 Presidential Election
0.53% of voters voted for the Green party in the 2020 Presidential Election
0.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
Washington County, Illinois, has experienced consistent fluctuations in its student-to-teacher ratio over the past nine years, generally staying below the national average of 14 students per teacher. In 2015, this ratio even dropped to nearly 12, suggesting smaller class sizes. For families thinking about relocating, this could mean more individualized attention for students. Investors and real estate agents could use this as a key selling point, while appraisers and insurance agents might see... Read more
Student-to-teacher ratio in Washington County, Illinois over the last 9 years
Washington County, Illinois, has seen some fluctuation in its student-to-teacher ratio over the past nine years, with a general trend below the national average of 14 students per teacher. In 2015, the ratio dropped to nearly 12, which suggests smaller class sizes than many areas. This lower ratio could be appealing for families considering relocating, as it may indicate more individual attention for students. For investors and real estate agents, such a selling point might be valuable when marketing properties. Likewise, appraisers and insurance agents might recognize the potential for a more stable community centered around the value placed on education.
