Indiana Real Estate and Livability Trends
Indiana's median home values have surged from $124,200 in 2015 to $183,600 in 2022, paralleling broader national trends. Coupled with a significant jump in average real estate taxes from $2,076.54 in 2012 to $4,314.96 by 2021, the sharpest increase occurring between 2017 and 2018, this data points towards both rising property values and higher financial obligations for homeowners. Fluctuations in... Read more
Indiana Market Trends
Indiana's median home values have increased steadily from $124,200 in 2015 to $183,600 in 2022, closely mirroring national trends. The average real estate taxes jumped significantly, from $2,076.54 in 2012 to $4,314.96 in 2021, with the sharpest rise between 2017 and 2018. Energy tax credits per tax return have seen fluctuations, peaking at $2,095.58 in 2018, signaling potential shifts in state... Read more
Median Value of Occupied Housing Units in Indiana Over the Last 8 Years
Indiana's median home values have seen a steady increase over the last eight years, reaching $183,600 in 2022 from $124,200 in 2015. This pace seems to align closely with the national trend, where values rose to $179,400 in 2022 from $125,500 in 2015. The sharp uptrend indicates that Indiana might be experiencing a robust demand for housing, making it potentially attractive for investors and homebuyers looking for appreciating assets. Despite these gains, Indiana's values remain competitive, particularly when considering the broader market.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Indiana over the last 10 years
Active Loans 30-60 Days Past Due in Indiana over the last 10 years in Indiana
Perent of loans that are Active Loans 90-180 Days Past Due in Indiana over the last 10 years in Indiana
Residential Energy Tax Credit Per Tax Return in Indiana Over the Last 9 Years
Over the last nine years, Indiana has seen significant fluctuations in the average residential energy tax credit per tax return, with notable spikes in 2018 at $2095.58 and a noticeable jump in 2017 to $639.98. The fiscal ups and downs in these credits may suggest changing state policies or incentive structures, which could influence investment and energy efficiency strategies in the residential sector. For investors, appraisers, and those planning to build or buy, understanding these fluctuations can hint at broader economic factors or government incentives at play that impact overall home energy costs and sustainability measures.
Average Real Estate Taxes Per Tax Return in Indiana Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Indiana have been trending upwards. In 2012, the average was around $2,076.54, but by 2021 it had increased to approximately $4,314.96. The most significant jump occurred from 2017 to 2018, where the average surged from about $2,571.22 to $3,701.79. Real estate professionals, investors, and potential homebuyers might find this information valuable when considering the tax implications of property investments in the state.
Percentage of Farm Returns in Indiana Over the Last 10 Years
Farm tax returns in Indiana have generally seen a downward trend over the last decade, with a percentage dropping from 1.74% in 2012 to about 1.45% in 2021. This decrease could suggest shifts in the agricultural economy or changes in the number of farm operations able to sustain profitability. For investors or those considering moving to Indiana, this trend might indicate a potential need for closer scrutiny of the agricultural sector's viability, especially if looking to build property or engage in farming within the state. The fluctuations in farm tax returns can also reflect broader economic conditions affecting farm incomes and expenses.
Economic Outlook
Indiana's average taxable income per tax return surged from $53,009.35 in 2013 to $74,914.50 in 2021, hinting at economic growth and better earning opportunities. However, average state and local income taxes also almost tripled from $5,591.47 in 2012 to $14,150.58 by 2021, driven by notable hikes between 2017-2018 and 2020-2021. This increase in tax income could affect financial planning. Further, the average total tax liability per return saw a general rise to $12,535.93 by 2021, with key... Read more
Average Taxable Income per Tax Return in Indiana over the last 9 years
Over the past nine years, Indiana has seen a steady increase in average taxable income per tax return, jumping from $53,009.35 in 2013 to $74,914.50 in 2021. This upward trend could suggest economic growth and enhanced earning potential for residents, which may appeal to investors eyeing stable markets or individuals considering relocation. However, it's also wise to factor in external variables like inflation and broader economic conditions when interpreting these figures.
Average State and Local Income Taxes Per Tax Return in Indiana Over the Last 10 Years
Indiana has seen a notable upward trend in average state and local income taxes per tax return over the past decade. Starting at $5,591.47 in 2012, the figure almost tripled to $14,150.58 by 2021. The most significant jumps occurred between 2017 and 2018, and again between 2020 and 2021. This progressive increase implies a likely rise in both state and local tax rates or base adjustments, which could influence financial planning for potential investors and residents.
Average Total Tax Liability Per Tax Return in Indiana Over the Last 10 Years
The average total tax liability per tax return in Indiana has generally trended upward over the past decade, starting at approximately $8,779.33 in 2012 and reaching around $12,535.93 by 2021. Notably, there was a consistent rise until 2017, a slight dip in 2018 and 2019, followed by a significant increase in 2020 and 2021. This pattern suggests a growing financial responsibility for taxpayers, with potential implications for residents and investors considering the area's economic trajectory and tax climate.
Cost of Living in Indiana
Safety trends & Data
Indiana has experienced a notable decline in property crime over the past five years, with fraud decreasing significantly from $13,282.00 in 2018 to $7,882.00 in 2022. Motor vehicle theft, however, saw an uptick from $88.00 in 2021 to $174.00 in 2022, demonstrating some volatility. The steady drop in burglary and larceny rates could be the result of better security measures or enforcement, a key factor for investors, real estate agents, and residents alike. These trends may influence property... Read more
Property Crime Trends in Indiana Over the Last 5 Years
Over the past five years, Indiana has seen a significant decrease in property crime, particularly in high-valued categories like fraud, which dropped from 13,282.00 in 2018 to 7,882.00 in 2022. Conversely, motor vehicle theft fluctuated, with a noticeable increase from 88.00 in 2021 to 174.00 in 2022. The consistent decline in burglary and larceny suggests improved security measures or enforcement. These trends are vital for potential investors, real estate agents, and residents, as they indicate a shifting landscape in property-related crime, which could impact property values, insurance premiums, and overall community safety.
Demographics
In Indiana, the adult population skews slightly female with an evenly balanced male to female ratio. Educational attainment varies, with a significant portion having just a high school diploma, but fewer advancing to graduate degrees. Age-wise, there's a noticeable concentration of people in their prime working years (25-64 years), hinting at a potentially robust workforce. Racial makeup shows a predominantly White population, but with notable Black or African American and Asian communities,... Read more
Race Distribution in Indiana (2022)
Educational Attainment in Indiana (2022)
Age Distribution in Indiana
Citizen Population in Indiana (2022)
Political Trends & Data
Indiana's 2020 U.S. Presidential Election results suggest a preference towards Republican candidates, with roughly 57% of votes. Democrats received about 41%, and Libertarians captured around 2%, hinting at a politically conservative lean. This trend may have nuanced implications for the real estate market, potentially influencing everything from policy decisions to buyer preferences in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Indiana's 2020 U.S. Presidential Election results reveal a potential preference towards Republican candidates, with around 57% of votes. Democrats garnered about 41%, while Libertarians received roughly 2%. Votes for the Green Party and other minor parties barely registered. This data hints at a politically conservative lean, though it's essential to consider other factors that could influence these trends.
57.02% of voters voted for the Republican party in the 2020 Presidential Election
40.96% of voters voted for the Democrat party in the 2020 Presidential Election
1.95% of voters voted for the Libertarian party in the 2020 Presidential Election
0.03% of voters voted for the Green party in the 2020 Presidential Election
0.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
Indiana's student-to-teacher ratio has trended downward over the past decade, from about 17 students per teacher in 2015 to roughly 15 students per teacher in 2023, aligning more closely with the national average of 14. This shift may suggest improved learning environments, possibly making Indiana more appealing to families considering relocation. For real estate investors and agents, this could indicate a rising demand for housing in areas with reputable school systems. Analyzing these trends... Read more
Student-to-teacher ratio in Indiana over the last 10 years
Indiana's student-to-teacher ratio has shown a decreasing trend over the past decade, moving from approximately 17 students per teacher in 2015 to around 15 students per teacher in 2023, which is closer to the national average of 14 students per teacher. This reduction in class size may indicate improved learning environments, potentially making Indiana more attractive for families considering relocation. For investors and real estate agents, this shift could signal a growing demand for housing in areas with reputable school systems. Appraisers and insurance agents might also take note, as properties in districts with favorable student-to-teacher ratios could see valuation adjustments. For those building property, understanding these trends could influence decisions on whether to target family-centric development.
