Adams County Real Estate and Livability Trends
Adams County, Indiana has seen average taxable income climb from $46,598.24 in 2013 to $67,046.21 by 2021, signaling potential economic growth which can attract investors and new homeowners. However, rising state and local income taxes, peaking at $19,237.04 in 2021, are worth noting for financial planning. Property values have steadily risen from $116,900 in 2015 to $164,500 in 2022, presenting... Read more
Adams County Market Trends
Adams County, Indiana has registered an increase in median home values from $116,900 in 2015 to $164,500 in 2022, suggesting an upward trend that remains below Indiana's and the national medians, making it potentially appealing for budget-conscious buyers. Residential energy tax credits in the county have fluctuated, peaking at $2,500.00 in 2018, hinting at varying incentives for energy-efficient... Read more
Median Value of Occupied Housing Units in Adams County, Indiana Over the Last 8 Years
Adams County, Indiana, has seen a notable rise in median home values over the past eight years, going from $116,900 in 2015 to $164,500 in 2022. This growth, although significant, still places the county below the Indiana state median value of $183,600 and the national median value of $179,400 in 2022. This could make Adams County an attractive option for investors and homebuyers looking for more affordable housing options within the state, especially considering the comparative affordability against broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Adams County, IN Over the Last 9 Years
Adams County, Indiana, has shown fluctuations in the average residential energy tax credit per tax return over the past nine years, with notable peaks such as $2,500.00 in 2018 and consistent rises towards $909.52 by 2021. These shifts suggest variable incentives or investments in energy-efficient home improvements, possibly influenced by evolving state and federal tax policies. For prospective homeowners and investors, understanding these trends can provide insights into potential cost savings and long-term benefits of energy-efficient renovations. Real estate agents and appraisers could use this data to highlight energy-saving features as a selling point, while insurance agents might consider how these improvements impact property valuations and risks.
Average Real Estate Taxes Per Tax Return in Adams County, IN Over the Last 10 Years
Adams County, Indiana has experienced a noticeable increase in average real estate taxes per tax return over the past decade. In 2012, the average stood at approximately $1,628.57, but by 2021, it escalated to around $2,741.86. The most significant jump occurred between 2017 and 2018, with an increase of over $780. This trend may influence decisions on property investments, appraisals, or new developments, as the rising taxes could impact overall affordability and financial planning.
Percentage of Farm Returns in Adams County, IN Over the Last 10 Years
Adams County, Indiana has shown a relatively stable trend in the percentage of farm tax returns over the last decade, starting with 8.91% in 2012 and fluctuating to a peak of 9.65% in 2020 before slightly decreasing to 9.06% in 2021. Farm tax returns, indicating the proportion of tax filings from agricultural enterprises, can serve as a barometer for the robustness of the local agriculture sector. For those eyeing investment or property development in Adams County, it's notable that this metric reflects a largely steady agricultural presence, which could suggest a resilient local economy rooted in farming activities.
Number of Mortgages by Occupancy Type in Adams County, IN Over the Last 5 Years in Adams County
Occupancy types in Adams County, Indiana reveal a noticeable dominance of mortgages for principal residences, showing consistently higher counts compared to investment and second homes. Investment properties and secondary residences, while much lower in numbers, display relatively minor fluctuations over the years. This trend could suggest that Adams County is primarily a market for owner-occupied homes, which may signal stability for long-term investors or homeowners. However, appraisers and insurance agents might want to take into account the low but steady interest in investment properties, indicating potential for niche markets. This data would be crucial for real estate agents targeting specific buyer demographics or advising clients on property investments.
Economic Outlook
Adams County, Indiana has observed a steady rise in average taxable income per tax return, jumping from $46,598.24 in 2013 to $67,046.21 by 2021. This trend could make the county more appealing to investors and prospective homeowners, hinting at economic growth and improved financial health. However, the average state and local income taxes per tax return have also surged, from $5,274.32 in 2012 to $19,237.04 by 2021, with a notable spike between 2017 and 2018. The increased tax burden is a... Read more
Average Taxable Income per Tax Return in Adams County, IN over the last 9 years
Adams County, Indiana has potentially seen a steady rise in average taxable income per tax return over the last nine years. Starting from $46,598.24 in 2013, the average taxable income has climbed to $67,046.21 by 2021. Such an upward trend could make the county increasingly attractive for investors, prospective homeowners, and those considering development projects, as a rise in taxable income might hint at a growing local economy and improved financial health of its residents.
Average State and Local Income Taxes Per Tax Return in Adams County, IN Over the Last 10 Years
Over the past decade, Adams County, Indiana has experienced a significant rise in average state and local income taxes per tax return, jumping from $5,274.32 in 2012 to $19,237.04 by 2021. Notably, there was a dramatic increase between 2017 and 2018, where taxes went from $6,654.32 to $14,089.29. This trend suggests increasing tax burdens that potential investors, builders, and residents should factor into their financial planning and decision-making when considering this area.
Average Total Tax Liability Per Tax Return in Adams County, IN Over the Last 10 Years
Adams County, Indiana has seen a noticeable uptick in average total tax liability per tax return over the last decade, peaking dramatically in 2021 with an average of $10,601.65. This trend could be indicative of rising incomes or changes in tax policies in the area. For potential investors or property developers, this could suggest a growing local economy, although further investigation into the underlying causes is prudent. For residents or those considering a move, awareness of these changes may influence decisions regarding financial planning and tax strategies.
Cost of Living in Adams County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,085 | $1,231 | $1,855 | $1,219 | $1,012 |
| 1 adult 4 children | $1,085 | $1,005 | $1,418 | $1,219 | $1,085 |
| 2 adults 3 children | $1,085 | $1,005 | $1,610 | $1,219 | $834 |
| 1 adult 3 children | $1,085 | $821 | $1,173 | $1,219 | $875 |
| 2 adults 2 children | $826 | $823 | $1,364 | $1,066 | $751 |
| 1 adult 2 children | $826 | $615 | $927 | $1,066 | $659 |
| 2 adults 1 child | $826 | $650 | $1,119 | $567 | $700 |
| 1 adult 1 child | $826 | $420 | $682 | $567 | $583 |
| 2 adults | $628 | $522 | $873 | $0 | $587 |
| 1 adult | $576 | $285 | $437 | $0 | $492 |
Safety trends & Data
Property crime trends in Adams County, Indiana highlight relatively low but varied criminal activity over the past two years. In 2018, the county reported single incidents of burglary and vandalism. In 2019, there was a slight increase with ongoing burglary and vandalism, new cases of larceny-theft, forgery, counterfeiting, and a notable rise in fraud with four incidents. This variability in crime types, despite small numbers, may concern those evaluating the area's security and potential crime... Read more
Property Crime Trends in Adams County, IN Over the Last 2 Years
Property crime trends in Adams County, Indiana reveal relatively low but diverse criminal activity over the past two years. In 2018, there were single instances each of burglary and vandalism. The subsequent year saw a modest uptick with ongoing burglary and vandalism incidents, along with new occurrences of larceny-theft, forgery, counterfeiting, and a notable increase in fraud cases, with four reported incidents. This variability in crime types, despite small absolute numbers, might be a consideration for those evaluating the area's security and potential crime risk.
Demographics
Adams County, Indiana's population distribution highlights a nearly even split between males and females and a predominant white demographic. The educational attainment data shows a significant portion of adults have either graduated high school or completed some college, with relatively fewer attaining higher degrees. The age distribution suggests a young to middle-aged majority, with a noticeable segment under ten and those in the senior age brackets. These demographic insights might point... Read more
Race Distribution in Adams County, Indiana (2022)
Educational Attainment in Adams County, Indiana (2022)
Age Distribution in Adams County, Indiana
Citizen Population in Adams County, Indiana (2022)
Political Trends & Data
Adams County, Indiana, showed a significant preference for the Republican Party in the 2020 U.S. Presidential Election, with about 75% of votes likely favoring the GOP. Democrats captured around 23%, while Libertarians saw minimal support at roughly 2%. This predominant conservative leaning could indicate a region with strong ties to traditional Republican values, potentially impacting local real estate trends and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Adams County, Indiana, leaned heavily Republican in the 2020 U.S. Presidential Election, with roughly 75% of the votes potentially favoring the GOP. Democrats garnered around 23%, while Libertarians received a small fraction of the vote, approximately 2%. Other parties were virtually absent in the final tally. This distribution might suggest a strong conservative base in this particular region.
75.21% of voters voted for the Republican party in the 2020 Presidential Election
22.77% of voters voted for the Democrat party in the 2020 Presidential Election
2.02% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Adams County, Indiana has experienced a student-to-teacher ratio fluctuating around and occasionally below the national average of 14 students per teacher over the past decade. After peaking at almost 15 students per teacher in 2015, the ratio has steadily declined, reaching a low of approximately 12.3 in 2021. These trends suggest a potential for more personalized education, which could attract families seeking better school support. For real estate professionals, these insights can help... Read more
Student-to-teacher ratio in Adams County, Indiana over the last 10 years
Adams County, Indiana has shown a student-to-teacher ratio fluctuating around and occasionally below the national average of 14 students per teacher over the past decade. After hitting a high of almost 15 students per teacher in 2015, the ratio steadily declined, bottoming out at around 12.3 in 2021 before slightly rising again. Lower ratios in recent years could imply more personalized education, which might attract families seeking better school support. For investors and real estate agents, understanding these trends aids in assessing the area's educational appeal—a critical factor for families considering relocation. Additionally, appraisers and insurance agents can use these insights to determine property values and insurance risks associated with community development linked to schooling quality.
