Allen County Real Estate and Livability Trends
Allen County, Indiana, has shown robust economic growth, with average taxable income per tax return jumping from $53,261.54 in 2013 to $85,215.47 by 2021. Such growth is accompanied by a tripling of state and local income taxes, hinting at rising living costs. Home values have increased from $114,600 in 2015 to $173,600 in 2022, suggesting an attractive market for investors despite still being... Read more
Allen County Market Trends
In Allen County, Indiana, home values increased from $114,600 in 2015 to $173,600 in 2022. Despite outpacing national trends, these values still lag behind the state average. Energy tax credits per return have surged, notably in 2018 and 2021, likely reflecting greater investments in energy efficiency which could appeal to cost-conscious buyers and investors. Property taxes have also risen... Read more
Median Value of Occupied Housing Units in Allen County, Indiana Over the Last 8 Years
Over the last eight years, the median home values in Allen County, Indiana have seen a steady rise from $114,600 in 2015 to $173,600 in 2022. This growth, while significant, still trails behind the state of Indiana, which had values increase from $124,200 to $183,600 over the same period. Nationally, home values also showcase an upward trend, with a starting point of $125,500 in 2015 and peaking at $179,400 in 2022. For investors or potential homeowners, Allen County offers comparably affordable entry points with consistent appreciation potential, relative to both state and national markets.
Residential Energy Tax Credit Per Tax Return in Allen County, IN Over the Last 9 Years
Over the past nine years, Allen County, Indiana has shown a general upward trend in the average residential energy tax credit per tax return, with notable spikes observed in 2018 and 2021 where the credits were around $2,481.82 and $726.80 respectively. This suggests that there has likely been an increasing awareness and investment in energy efficiency among residents, which could be appealing for both property investors and potential homebuyers looking for long-term energy cost savings. Real estate agents, appraisers, and insurance agents might find this trend significant when assessing property values and potential cost savings in the area.
Average Real Estate Taxes Per Tax Return in Allen County, IN Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Allen County, Indiana have shown a noticeable upward trend. Starting at approximately $2,131.44 in 2012, the average tax has steadily increased to $4,219.54 by 2021. The most significant year-over-year jump occurred between 2017 and 2018, where the average tax surged from $2,596.19 to $3,785.34. This steady rise in property taxes may impact decisions for potential investors, homebuyers, or real estate agents assessing the area’s market conditions. Understanding these trends is essential for appraisers and insurance agents as they reflect on property values and associated risks.
Percentage of Farm Returns in Allen County, IN Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Allen County, Indiana has shown a gradual decline from approximately 1.09% in 2012 to around 0.98% in 2021. Farm tax returns represent the proportion of tax filings attributed to agricultural income, providing an indicator of the agricultural economic activity in the region. This downward trend might suggest a reduction in the number of active farms or shifting economic activities within the county, which could be relevant for potential investors, developers, and residents gauging the economic landscape and ongoing shifts in land use and business opportunities.
Number of Mortgages by Occupancy Type in Allen County, IN Over the Last 5 Years in Allen County
Over the past five years in Allen County, Indiana, the number of mortgages for principal residences has consistently outpaced those for investment and second residences, with a notable peak in 2020 at over 30,000. Investment properties have also seen some growth, albeit more modest, peaking in 2021 with 1,044 mortgages before declining in 2022. Principal residence mortgages dipped sharply from 2021 to 2022, suggesting shifting housing market dynamics, likely influenced by changing interest rates and economic conditions. For investors, real estate agents, and property developers, these variations provide insights into demand trends and potential opportunities or challenges in specific segments. Appraisers and insurance agents might find the declining numbers of second residence mortgages particularly relevant for risk assessment and property valuation.
Economic Outlook
Over the last nine years, Allen County, Indiana has seen average taxable income per tax return climb from roughly $53,261.54 in 2013 to $85,215.47 by 2021, pointing to a bolstering local economy that could attract investors and potential homeowners. This economic uptick coincides with a substantial rise in average state and local income taxes, which more than tripled from about $5,762.69 in 2012 to roughly $21,065.69 in 2021, suggesting growing fiscal obligations that could affect living costs.... Read more
Average Taxable Income per Tax Return in Allen County, IN over the last 9 years
Over the last nine years, Allen County, Indiana has seen a consistent increase in average taxable income per tax return, starting at around $53,261.54 in 2013 and growing steadily to $85,215.47 by 2021. This upward trend suggests an improving local economy and could make the area more attractive for investors, potential homeowners, and those looking to build property. The significant jump between 2020 and 2021 might indicate accelerated economic growth or changes in income dynamics within the county.
Average State and Local Income Taxes Per Tax Return in Allen County, IN Over the Last 10 Years
Over the last decade, Allen County, Indiana, has seen a significant upward trajectory in average state and local income taxes per tax return. Beginning at approximately $5,762.69 in 2012, these taxes have more than tripled, reaching around $21,065.69 by 2021. This considerable rise underscores a rapidly changing financial landscape, suggesting greater economic activity and possibly an increasing tax burden. Investors and new residents should be mindful of this trend, as it reflects growing fiscal obligations that could impact disposable income and overall cost of living in the area.
Average Total Tax Liability Per Tax Return in Allen County, IN Over the Last 10 Years
Over the past decade, Allen County, Indiana has seen a generally upward trend in average total tax liability per tax return, starting from approximately $9,251.86 in 2012 and peaking at around $15,612.01 in 2021. This steady increase may indicate a rising income level among residents, attracting potential investors and homebuyers seeking economic growth. The notable jump in 2021 could be tied to economic factors or local policy changes, making it a critical factor for stakeholders to monitor.
Cost of Living in Allen County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,164 | $1,355 | $2,090 | $1,625 | $1,252 |
| 1 adult 4 children | $1,164 | $1,107 | $1,608 | $1,625 | $1,341 |
| 2 adults 3 children | $1,164 | $1,107 | $1,809 | $1,625 | $1,042 |
| 1 adult 3 children | $1,164 | $904 | $1,327 | $1,625 | $1,105 |
| 2 adults 2 children | $913 | $906 | $1,527 | $1,430 | $895 |
| 1 adult 2 children | $913 | $677 | $1,045 | $1,430 | $850 |
| 2 adults 1 child | $913 | $716 | $1,246 | $796 | $814 |
| 1 adult 1 child | $913 | $463 | $764 | $796 | $665 |
| 2 adults | $745 | $575 | $964 | $0 | $630 |
| 1 adult | $660 | $314 | $482 | $0 | $511 |
Safety trends & Data
Over the past five years, Allen County, Indiana, has seen notable changes in property crime trends. Larceny-theft peaked in 2019 but has sharply declined since, while burglary incidents dropped significantly from 92.00 in 2018 to 31.00 in 2022. Vandalism cases spiked in 2018 but reduced dramatically to 5.00 in 2022. Motor vehicle theft has stabilized between the 30.00 to 50.00 range after a high of 85.00 in 2018. These shifts could hint at improved law enforcement or changes in criminal... Read more
Property Crime Trends in Allen County, IN Over the Last 5 Years
Over the past five years, Allen County, Indiana, has experienced some noteworthy shifts in property crime trends. Larceny - Theft consistently tops the list, peaking in 2019 with a value of 1,138.00 but showing a sharp decline in subsequent years. Burglary incidents have dropped significantly, from 92.00 in 2018 to 31.00 in 2022. Vandalism cases spiked in 2018 with a value of 110.00 and have since seen a notable reduction to just 5.00 in 2022. Conversely, Motor Vehicle Theft appears to have stabilized around the 30.00 to 50.00 range after a high of 85.00 in 2018. These trends could be indicative of improved law enforcement strategies or shifting criminal behavior in the area, making it an interesting point for investors, real estate agents, and residents alike.
Demographics
In Allen County, Indiana, the adult demographic shows a slight female majority, with women representing approximately 51% of the population. Educational attainment highlights that the dominant qualification is a high school diploma, followed closely by some college education without a degree. Age distribution skews towards younger and middle-aged adults, with notable populations under 10 years and those in the 25-34 age range. Racial composition is predominantly White, but there are significant... Read more
Race Distribution in Allen County, Indiana (2022)
Educational Attainment in Allen County, Indiana (2022)
Age Distribution in Allen County, Indiana
Citizen Population in Allen County, Indiana (2022)
Political Trends & Data
Allen County, Indiana's strong conservative presence with potentially around 54.5% of votes leaning Republican might influence the real estate market, favoring stable, family-oriented communities. The Democrats' approximate 43.3% share indicates a significant base that could drive demand for diverse and progressive housing options. The negligible impact of Libertarians and smaller parties suggests limited interest in unconventional living... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Allen County, Indiana, saw a notable lean towards the Republican party with possibly around 54.5% of the votes, suggesting a strong conservative presence. Democrats trailed with approximately 43.3%, hinting at a significant but smaller base. Libertarians and other minor parties collectively pulled in a negligible share, underlining the region's limited interest in alternatives to the two major political factions.
54.46% of voters voted for the Republican party in the 2020 Presidential Election
43.29% of voters voted for the Democrat party in the 2020 Presidential Election
2.20% of voters voted for the Livertarian party in the 2020 Presidential Election
0.02% 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
Over the past decade, Allen County, Indiana has seen its student-to-teacher ratio peak at nearly 19 students per teacher in 2016 before stabilizing around 15 in 2022 and 2023. This ratio had generally been higher than the national average of 14 until recently. These changes can appeal to families seeking better education environments and could influence property values and market demand within local school districts. Investors, appraisers, and developers might see improved prospects in areas... Read more
Student-to-teacher ratio in Allen County, Indiana over the last 10 years
Over the past decade, Allen County, Indiana has shown a shifting student-to-teacher ratio, peaking at nearly 19 students per teacher in 2016 and later stabilizing at around 15 students per teacher in 2022 and 2023. This ratio has generally exceeded the national average of 14 students per teacher until the last couple of years. A lower student-to-teacher ratio can be an attractive feature for families considering moving to the area, as it often suggests more personalized attention for students. For investors, appraisers, and real estate agents, this trend could impact property values and appeal within school districts. Additionally, insurance agents might find these shifts relevant when evaluating risk factors tied to community engagement and education quality. People building properties may also find it beneficial, as good school demographics can enhance the desirability of residential projects.
