Williamson County Real Estate and Livability Trends
Williamson County, Illinois has seen rising average incomes alongside a notable increase in state and local income taxes. Home values have steadily increased from $99,200 in 2015 to $139,500 in 2022, reflecting but trailing state and national trends. A significant spike in residential energy tax credits in 2018 hints at a rise in energy-efficient home improvements, potentially influencing... Read more
Williamson County Market Trends
Williamson County, Illinois has experienced a steady home value increase, climbing from $99,200 in 2015 to $139,500 in 2022, reflecting but trailing behind state and national medians. Meanwhile, the county saw a significant spike in average residential energy tax credits in 2018, suggesting a potential rise in energy-efficient home improvements that could influence property values and insurance... Read more
Median Value of Occupied Housing Units in Williamson County, Illinois Over the Last 8 Years
The median home value in Williamson County, Illinois has experienced steady growth over the past eight years, climbing from $99,200 in 2015 to $139,500 in 2022. While this rise mirrors broader trends, it is worth noting that the county's values remain significantly lower than both state and national medians. For instance, Illinois saw an increase from $173,800 to $239,100 over the same period, whereas the national median jumped from $125,500 to $179,400. This disparity might suggest Williamson County could offer more affordable investment opportunities compared to other regions.
Residential Energy Tax Credit Per Tax Return in Williamson County, IL Over the Last 9 Years
Williamson County, Illinois has seen fluctuating trends in the average residential energy tax credit claimed per tax return over the past nine years. Notably, there was a significant spike in 2018 with an average credit of $4471.43 per return, which dramatically surpasses other years. This period of higher-than-usual credits might indicate increased investments in energy-efficient home improvements or renewable energy installations. For investors, real estate developers, and insurance agents, this suggests a possible period of heightened awareness and adoption of energy-efficient practices, potentially impacting property values and insurance premiums. For current residents, it might be worth exploring opportunities for credits related to energy improvements which could lead to long-term savings.
Average Real Estate Taxes Per Tax Return in Williamson County, IL Over the Last 10 Years
Over the past decade, Williamson County, Illinois has experienced a notable uptick in real estate taxes per tax return, escalating from approximately $3,184.71 in 2012 to about $5,569.00 in 2021. This growth suggests increasingly higher property assessments, which may impact investment decisions, home purchases, and insurance rates. The steepest jumps occurred from 2017 to 2019, indicating a sharp rise in property values or tax rates. Such trends could be crucial for potential investors, developers, and real estate agents in gauging the economic climate and affordability of the area.
Percentage of Farm Returns in Williamson County, IL Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Williamson County, Illinois has displayed a slight downward trend, moving from approximately 2.13% in 2012 to around 1.91% by 2021. Farm tax returns, reflecting the proportion of tax filings by those owning or operating farms, can indicate broader agricultural economic health and land use priorities in rural areas. For investors, developers, or prospective residents, these figures might suggest a gradual shift away from traditional farming activities, possibly opening opportunities for diversified land use or development projects.
Number of Mortgages by Occupancy Type in Williamson County, IL Over the Last 5 Years in Williamson County
Williamson County, Illinois has seen varying trends in mortgage counts for different occupancy types over the past five years. Principal residences have consistently dominated, peaking in 2021 with over 3,100 mortgages, while investment properties saw a gradual rise until a slight dip in 2022 when they recorded around 190 mortgages. Second residences have remained the least common with counts barely surpassing 50 annually. These shifts impact potential investors and developers, as fluctuating demand for different property types can influence market strategies, pricing models, and risk assessments for insurers. For real estate agents, understanding these trends is crucial for tailoring services to the most active segments.
Economic Outlook
Williamson County, Illinois has seen an upward trend in average taxable income per tax return, rising from $49,807.51 in 2013 to $65,648.05 in 2021. This could suggest economic growth or increased earning capacity, possibly making it attractive for investors, new residents, and developers. Average state and local income taxes have also surged from $4,730.25 in 2016 to $10,902.25 by 2021, which indicates a growing tax burden that might affect living costs and investment returns. Additionally,... Read more
Average Taxable Income per Tax Return in Williamson County, IL over the last 9 years
Over the past nine years, Williamson County, Illinois has generally seen an upward trend in average taxable income per tax return. From $49,807.51 in 2013 to $65,648.05 in 2021, the increase suggests possible economic growth or an increase in earning capacity in the area. This could be an indicator of a healthier local economy, making it potentially attractive for investors, new residents, and developers. However, fluctuations in some years highlight the importance of considering other economic factors at play.
Average State and Local Income Taxes Per Tax Return in Williamson County, IL Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Williamson County, Illinois have shown significant fluctuation. From a low of $4,730.25 in 2016, the average surged to $10,902.25 by 2021, reflecting an upward trend with notable increases from 2018 onwards. For potential investors, property builders, and residents, this upward trajectory indicates a growing tax burden that could impact both cost of living and investment returns. Illinois's taxation trends warrant careful consideration for anyone interested in moving to or investing in Williamson County.
Average Total Tax Liability Per Tax Return in Williamson County, IL Over the Last 10 Years
In the past decade, Williamson County, Illinois, has seen a notable trend in average total tax liability per tax return, rising from $7,242.09 in 2012 to $9,581.08 in 2021. This upward trajectory suggests that economic conditions and possibly employment rates may be improving, albeit with fluctuations, hinting at a stronger local economy. For those considering investments or relocation, understanding these tax trends could signal the potential for growth and development in the area.
Cost of Living in Williamson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,182 | $1,383 | $2,913 | $1,110 | $1,598 |
| 1 adult 4 children | $1,182 | $1,130 | $2,244 | $1,110 | $1,625 |
| 2 adults 3 children | $1,182 | $1,130 | $2,519 | $1,110 | $1,316 |
| 1 adult 3 children | $1,182 | $923 | $1,850 | $1,110 | $1,324 |
| 2 adults 2 children | $890 | $925 | $2,126 | $999 | $1,083 |
| 1 adult 2 children | $890 | $691 | $1,456 | $999 | $996 |
| 2 adults 1 child | $890 | $731 | $1,732 | $641 | $1,014 |
| 1 adult 1 child | $890 | $472 | $1,063 | $641 | $801 |
| 2 adults | $676 | $587 | $1,338 | $0 | $788 |
| 1 adult | $672 | $320 | $669 | $0 | $621 |
Demographics
Williamson County, Illinois, shows a balanced gender distribution and a diverse age spread, with a noticeable concentration in the 35 to 64 age range. Educational attainment is quite varied, with many residents holding high school diplomas or some college experience, while a smaller portion has advanced degrees. The majority demographic in Williamson County is white, with smaller representations of Black or African American, Asian, and American Indian populations. These trends highlight... Read more
Race Distribution in Williamson County, Illinois (2022)
Educational Attainment in Williamson County, Illinois (2022)
Age Distribution in Williamson County, Illinois
Citizen Population in Williamson County, Illinois (2022)
Political Trends & Data
In Williamson County, Illinois, the 2020 Presidential Election results might indicate a strong conservative presence, with the Republican party receiving about 67.8% of the votes. This notable lean could influence local policies and community planning, which might be a factor to consider if you're thinking about investing or moving to the area. The Democratic party followed with roughly 30.3%, while Libertarians and Greens had minimal impact with around 1.2% and 0.5%,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Williamson County, Illinois, the 2020 Presidential Election saw a significant lean towards the Republican party, garnering about 67.8% of the votes. The Democratic party followed with roughly 30.3%, while Libertarians and Greens barely made a dent with around 1.2% and 0.5%, respectively. This trend could suggest a strong conservative presence or voter base, potentially influencing local and state-level policies and elections.
67.75% of voters voted for the Republican party in the 2020 Presidential Election
30.33% 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
0.50% 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
Williamson County, Illinois has seen its student-to-teacher ratio drop from 17 in 2014 to as low as 12 in 2022, bouncing slightly to 13 in 2023. This decreasing trend could appeal to homebuyers who value individualized attention in education, potentially hinting at better academic outcomes. With current ratios below the national average of 14 students per teacher, Williamson County may offer an educational advantage that attracts families placing emphasis on quality schooling... Read more
Student-to-teacher ratio in Williamson County, Illinois over the last 9 years
Williamson County, Illinois has shown a varied student-to-teacher ratio over the past nine years, starting at 17 students per teacher in 2014 and dropping to around 14 students per teacher by 2015. Recent numbers fluctuate between a low of 12 in 2022 and 13 in 2023. These trends suggest a general decline in classroom sizes, which might be attractive to those prioritizing individualized attention in education. Compared to the national average of 14 students per teacher, Williamson County is showing favorable numbers for potential residents concerned about education quality. Lower ratios could indicate better academic outcomes or more tailored teaching.
