Winnebago County Real Estate and Livability Trends
Winnebago County, Illinois, has witnessed a modest appreciation in median home values, climbing from $117,700 in 2015 to $146,800 in 2022, appealing to both investors and families. Real estate taxes peaked at $6,527.84 in 2019 before a slight dip, which might reflect rising property values or changes in municipal funding. Interest in both principal and investment property mortgages suggests a... Read more
Winnebago County Market Trends
Winnebago County, Illinois, has experienced a steady growth in median home values over the last eight years, rising from $117,700 in 2015 to $146,800 in 2022. This modest appreciation could appeal to investors seeking stable returns and families looking for affordable housing within Illinois. Real estate taxes in the county have also increased, peaking at $6,527.84 in 2019 before a slight dip,... Read more
Median Value of Occupied Housing Units in Winnebago County, Illinois Over the Last 8 Years
Over the last eight years, Winnebago County, Illinois, has seen a relatively moderate increase in median home values, climbing from $117,700 in 2015 to $146,800 in 2022. Compared to the state average, which shot up from $173,800 to $239,100 during the same period, and the national figures that rose from $125,500 to $179,400, Winnebago County's growth appears more stable. This could make it an appealing market for investors seeking gradual appreciation, or for families looking for more affordable housing options within Illinois.
Residential Energy Tax Credit Per Tax Return in Winnebago County, IL Over the Last 9 Years
Over the past nine years in Winnebago County, Illinois, the average residential energy tax credit per tax return has shown significant fluctuations. It saw a notable peak in 2018 with an average credit of $1,684.38, followed by a decrease, averaging around $1,033.71 in 2019 and slightly less in subsequent years. This variance likely reflects changes in energy efficiency programs, property improvements, or state and federal incentives. Such trends could influence decisions for investors, potential movers, insurance agents, and real estate professionals, potentially indicating an evolving focus on energy efficiency in residential properties.
Average Real Estate Taxes Per Tax Return in Winnebago County, IL Over the Last 10 Years
Over the last decade, Winnebago County, Illinois has experienced a noticeable increase in average real estate taxes per tax return. Starting at approximately $4,726.98 in 2012, the figures rose steadily, peaking at around $6,527.84 in 2019 before a slight decline to $6,501.82 by 2021. This trend could signal rising property values, increased municipal funding needs, or shifts in tax policy, making it crucial for potential investors and property developers to conduct thorough financial assessments. Real estate agents and appraisers might find this data integral when advising clients, and insurance agents could consider these trends when pricing policies.
Percentage of Farm Returns in Winnebago County, IL Over the Last 10 Years
The farm tax returns in Winnebago County, Illinois have seen a slight but consistent decline over the last decade, dropping from roughly 0.52% in 2012 to about 0.43% in 2021. These returns, which reflect the income reported by farms for tax purposes, offer a lens into the agricultural sector's economic performance and viability in the county. For investors, builders, and residents, understanding these trends could signal shifts in the local economy and influence decisions related to property development, land use, and investment opportunities.
Number of Mortgages by Occupancy Type in Winnebago County, IL Over the Last 5 Years in Winnebago County
Winnebago County, Illinois has seen a consistent increase in the number of mortgages for principal residences over the last five years, peaking in 2021 with 15,904 mortgages but dropping slightly in 2022. Investment property mortgages have also steadily increased, suggesting a growing interest in rental and non-primary properties, which could indicate a favorable market for real estate investors. The relatively low and stable numbers for second residences imply minimal changes in vacation or secondary homeownership. These trends in mortgage activity highlight fluctuating housing demand, influencing appraisals and insurance risks, and are crucial for investors, developers, and real estate agents to monitor when making strategic decisions in the county.
Economic Outlook
Over the past decade, Winnebago County, Illinois has seen a general upward trend in average taxable income per tax return, growing from $49,919.60 in 2013 to approximately $64,603.46 in 2021, despite a few economic dips. Interestingly, state and local income taxes have more than doubled since 2018, surpassing $9,300.00 by 2021, hinting at either increased income levels or tax hikes. The average total tax liability per tax return has also risen, reaching $9,470.20 in 2021, alongside fluctuating... Read more
Average Taxable Income per Tax Return in Winnebago County, IL over the last 9 years
Over the past nine years, average taxable income per tax return in Winnebago County, Illinois has shown a general upward trend, increasing from around $49,919.60 in 2013 to approximately $64,603.46 in 2021. This rise, with notable jumps in 2017 and 2021, could hint at an improving local economy and potentially higher earning opportunities. However, dips in 2019 and 2020 should be acknowledged, as they possibly reflect broader economic fluctuations or local factors impacting income levels. For investors, new residents, or developers, these trends might suggest a resilient but variable economic environment.
Average State and Local Income Taxes Per Tax Return in Winnebago County, IL Over the Last 10 Years
Winnebago County, Illinois has seen a notable increase in average state and local income taxes per tax return over the past decade. While values hovered around $4,500.00 to $5,000.00 from 2012 to 2017, there's been a sharp rise since 2018, with the average amount jumping to over $9,300.00 by 2021. This significant escalation may indicate rising income levels or changes in the tax structure, making it crucial for investors and potential residents to consider financial planning when moving or investing in the area.
Average Total Tax Liability Per Tax Return in Winnebago County, IL Over the Last 10 Years
In Winnebago County, Illinois, average total tax liability per tax return has seen a general upward trend over the last decade. Notable increases occurred between 2014 and 2017, with a jump from $8,080.24 to $9,026.99, possibly reflecting economic or tax policy changes. Despite some fluctuations, by 2021, the average liability had climbed to $9,470.20. This pattern may suggest a growing tax burden for residents, potentially impacting investment decisions and cost of living considerations.
Cost of Living in Winnebago County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,249 | $1,484 | $2,031 | $1,533 | $1,457 |
| 1 adult 4 children | $1,249 | $1,212 | $1,563 | $1,533 | $1,538 |
| 2 adults 3 children | $1,249 | $1,212 | $1,758 | $1,533 | $1,218 |
| 1 adult 3 children | $1,249 | $990 | $1,289 | $1,533 | $1,282 |
| 2 adults 2 children | $925 | $992 | $1,484 | $1,384 | $1,019 |
| 1 adult 2 children | $925 | $741 | $1,016 | $1,384 | $970 |
| 2 adults 1 child | $925 | $784 | $1,211 | $897 | $947 |
| 1 adult 1 child | $925 | $507 | $742 | $897 | $782 |
| 2 adults | $702 | $630 | $937 | $0 | $686 |
| 1 adult | $618 | $344 | $469 | $0 | $546 |
Safety trends & Data
Property crime trends in Winnebago County, Illinois, have shifted over the past five years, with arson and burglary incidents generally decreasing. However, motor vehicle theft spiked to 46.00 in 2022, and while larceny-theft subtly declined until 2021, it rebounded to 423.00 in 2022. Fraud and vandalism have fluctuated but stayed relatively high, suggesting potential impacts on investment decisions and property... Read more
Property Crime Trends in Winnebago County, IL Over the Last 5 Years
Property crime trends in Winnebago County, Illinois, have shown some interesting shifts over the last five years. Arson and burglary incidents have generally decreased, while motor vehicle theft noticeably spiked in 2022 to 46.00 from lower figures in previous years. Fraud and vandalism fluctuated but remained relatively high, suggesting a need for vigilance in these areas. Larceny-theft, consistently the most common property crime, saw a subtle decline until 2021 before rebounding to 423.00 in 2022. These trends could impact investment decisions and property values and may warrant attention for those considering relocation or property development in the county.
Demographics
In Winnebago County, Illinois, the adult population shows a slight female majority. Educationally, a significant portion has completed high school or some college, though a smaller percentage achieves higher degrees. Age-wise, there is a notable distribution across all age brackets, but with a modest peak in the 25-34 year range. Race distribution reveals a predominantly White demographic, with smaller percentages of Black or African American residents and other races contributing to the... Read more
Race Distribution in Winnebago County, Illinois (2022)
Educational Attainment in Winnebago County, Illinois (2022)
Age Distribution in Winnebago County, Illinois
Citizen Population in Winnebago County, Illinois (2022)
Political Trends & Data
In Winnebago County, Illinois, the 2020 U.S. Presidential Election results indicate a potential trend where Democratic candidates may have had a slight edge, capturing around 50.2% of the vote compared to Republicans' 47.7%. Minor parties had limited influence, collectively garnering under 5%, highlighting a strong leaning towards the two main parties. This trend might point to a moderate political climate, where small shifts could be crucial in highly competitive electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Winnebago County, Illinois, the 2020 U.S. Presidential Election results indicate a potential trend where Democratic candidates may have had a slight edge over their Republican counterparts, capturing around 50.2% of the vote compared to Republicans' 47.7%. The minor parties' influence appears limited, with Libertarians, Greens, and others collectively garnering under 5%, suggesting a strong leaning towards the two main parties. This trend might highlight the county's moderate political climate, where small shifts could prove crucial in highly competitive electoral environments.
47.66% of voters voted for the Republican party in the 2020 Presidential Election
50.16% of voters voted for the Democrat party in the 2020 Presidential Election
1.35% of voters voted for the Livertarian party in the 2020 Presidential Election
0.51% of voters voted for the Green party in the 2020 Presidential Election
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Winnebago County, Illinois, the student-to-teacher ratio has seen a downward trend over the past nine years, recently aligning with the national average of 14 students per teacher. This shift might hint at improved education quality, a factor that can greatly influence family relocation decisions, thereby possibly boosting real estate values and community appeal. Such changes could also be relevant to insurance agents adjusting to evolving community profiles for policy... Read more
Student-to-teacher ratio in Winnebago County, Illinois over the last 9 years
Over the last nine years, Winnebago County in Illinois has generally seen a student-to-teacher ratio higher than the national average of 14. This stood at its peak in 2014 with about 16 students per teacher and slightly declined through the years, reaching approximately 14 by 2023. For those looking to invest, move, or even build property, understanding these ratios can be crucial as they might reflect on the quality of education available, influencing family decisions, real estate values, and community desirability. Lower ratios in recent years may suggest improved education focus, which could attract more families to the area, affecting market dynamics for real estate agents and appraisers alike. Insurance agents may also find varying student-to-teacher ratios indicative of changing community profiles that could impact policy offerings.
