Blackford County Real Estate and Livability Trends
Blackford County, Indiana has seen median home values climb from $67,500 in 2015 to $90,200 in 2022, a significant but still modest rise compared to state and national figures, indicating potential for more affordable investments. A steady rise in average taxable income and increased state and local income taxes hint at a healthier local economy that could draw investors and new residents. The... Read more
Blackford County Market Trends
Blackford County, Indiana has experienced a steady rise in median home values from $67,500 in 2015 to $90,200 in 2022, although these figures still trail behind state and national averages. This gap may offer investment potential for those looking for more affordable entry points into the market. The county also shows an upward trend in residential energy tax credits, peaking at $775.00 in 2021,... Read more
Median Value of Occupied Housing Units in Blackford County, Indiana Over the Last 8 Years
Over the past eight years, Blackford County, Indiana has seen a steady increase in median home values from $67,500 in 2015 to $90,200 in 2022. While impressive, these values still fall short compared to both state and national levels. For instance, Indiana's median values jumped from $124,200 in 2015 to $183,600 in 2022, while nationally, values surged from $125,500 to $179,400 in the same timeframe. This relatively lower valuation in Blackford County could present unique investment opportunities, especially for those eyeing more accessible entry points into the housing market.
Residential Energy Tax Credit Per Tax Return in Blackford County, IN Over the Last 8 Years
Blackford County, Indiana appears to have shown fluctuating but generally increasing average residential energy tax credits per tax return over the last eight years. Starting at $210.53 in 2013, the credits took a notable leap to $400.00 in 2014, saw dips and rises in the interim years, and eventually peaked at $775.00 in 2021. This growth could intrigue potential investors, property developers, and real estate agents, pointing to a community increasingly engaging in energy-efficient upgrades. For insurance agents and appraisers, these trends might suggest potential increases in property valuations due to enhanced energy standards.
Average Real Estate Taxes Per Tax Return in Blackford County, IN Over the Last 10 Years
Average real estate taxes per tax return in Blackford County, Indiana have shown a notable upward trend over the past decade. From 2012 to 2021, taxes increased from approximately $1165.22 to around $2466.67. The sharpest rise seems to have happened between 2017 and 2018, where taxes jumped from roughly $1584.48 to approximately $2085.71. This data could signify increasing property values or changing tax rates, a crucial factor for potential investors, real estate agents, and individuals considering a move to the area.
Percentage of Farm Returns in Blackford County, IN Over the Last 10 Years
Blackford County, Indiana has seen a fluctuating but generally declining trend in the percentage of farm returns over the last decade, dipping from approximately 3.73% in 2012 to around 3.17% in 2021. Farm tax returns represent the portion of income tax returns featuring farm income, which can indicate the vitality of the agricultural sector. Investors and potential residents might infer a slight contraction in local farming, possibly reflecting broader economic shifts or challenges within the agriculture industry. This data could be crucial when considering the county's economic diversity and stability.
Number of Mortgages by Occupancy Type in Blackford County, IN Over the Last 5 Years in Blackford County
In Blackford County, Indiana, mortgage data over the last five years reveal a dominant trend in principal residence mortgages, consistently outstripping those for investment and second residences. For those eyeing investments, the steady but modest rise in investment property loans suggests a growing yet cautious interest in this sector. Changes in occupancy type can signal shifts in local market dynamics; for appraisers and insurance agents, this affects property valuations and risk assessments. Real estate agents and developers should note the strong demand for principal residences, providing a clear indicator of where housing needs are currently concentrated, potentially informing future projects and marketing strategies.
Economic Outlook
Blackford County, Indiana has experienced a steady rise in average taxable income over the past nine years, growing from roughly $39,684.47 in 2013 to around $51,341.55 in 2021. This trend could signal a healthier local economy and increased purchasing power. Additionally, average state and local income taxes have shown notable variations, particularly a surge to $7,940.00 in 2018 and maintaining above $7,300.00 through 2021, indicating possible economic growth or increased fiscal pressures.... Read more
Average Taxable Income per Tax Return in Blackford County, IN over the last 9 years
Blackford County has seen a steady increase in average taxable income per tax return over the past nine years, rising from approximately $39,684.47 in 2013 to around $51,341.55 in 2021. This upward trend can be appealing to investors, developers, and potential residents as it may indicate a healthier local economy and growing purchasing power among its residents. Despite some minor fluctuations, the consistent growth suggests a stable economic environment, making it potentially attractive for those considering building property or relocating to the area.
Average State and Local Income Taxes Per Tax Return in Blackford County, IN Over the Last 10 Years
Blackford County, Indiana has seen significant fluctuations in average state and local income taxes per tax return over the last decade. After a dip to $4,387.32 in 2013, taxes increased to $5,109.38 by 2016. The most striking change came in 2018, with taxes surging to $7,940.00 and hovering above $7,300.00 through 2021. This notable rise, particularly post-2017, suggests increasing fiscal pressures or economic growth, affecting cost of living and potential investment returns.
Average Total Tax Liability Per Tax Return in Blackford County, IN Over the Last 10 Years
Blackford County, Indiana has seen fluctuations in average total tax liability per tax return over the last decade, with notable increases in more recent years. While figures hovered around $5,300.00 to $5,700.00 from 2012 to 2020, 2021 experienced a significant uptick to $6,502.83. This trend might suggest a growing income level or changes in tax policy impacting residents. For potential investors or new residents, this increase could imply a shifting economic landscape, possibly reflecting improvements in local economic conditions or property values.
Cost of Living in Blackford County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,056 | $1,299 | $1,779 | $1,246 | $994 |
| 1 adult 4 children | $1,056 | $1,061 | $1,360 | $1,246 | $1,063 |
| 2 adults 3 children | $1,056 | $1,061 | $1,544 | $1,246 | $818 |
| 1 adult 3 children | $1,056 | $866 | $1,125 | $1,246 | $850 |
| 2 adults 2 children | $826 | $869 | $1,309 | $1,089 | $743 |
| 1 adult 2 children | $826 | $649 | $890 | $1,089 | $648 |
| 2 adults 1 child | $826 | $687 | $1,074 | $580 | $688 |
| 1 adult 1 child | $826 | $443 | $655 | $580 | $569 |
| 2 adults | $727 | $552 | $839 | $0 | $603 |
| 1 adult | $576 | $301 | $420 | $0 | $474 |
Safety trends & Data
Blackford County, Indiana has experienced variable property crime rates over the last five years. Burglary incidents rose from 1 in 2018 to 4 in both 2021 and 2022, while larceny-theft peaked at 10 in 2019 but dropped to 1 by 2021. Motor vehicle theft stayed generally low, with a spike in 2019, and fraud cases showed minor fluctuations. These trends might influence investment decisions, insurance assessments, or property development strategies by highlighting potential risks and security... Read more
Property Crime Trends in Blackford County, IN Over the Last 5 Years
Blackford County, Indiana has seen fluctuating property crime rates over the past five years. The data shows that burglary incidents increased from 1 in 2018 to 4 in both 2021 and 2022. Larceny-theft varied significantly, peaking at 10 in 2019 but dropping to 1 in 2021. Motor vehicle theft remained low, with a notable spike in 2019. Fraud cases were relatively stable with slight variations. These trends are crucial for anyone considering investments, insurance evaluations, or property development in the area, providing a clearer picture of potential risks and security needs.
Demographics
Blackford County, Indiana, exhibits a near-equal split between male and female adults. The majority of residents have completed high school, with fewer individuals pursuing higher education. The age distribution shows a balanced demographic with a slight inclination towards older age groups, which might indicate an aging population. The racial composition is predominantly White, reflecting limited ethnic diversity. These demographic insights can influence local policies, resource allocation,... Read more
Race Distribution in Blackford County, Indiana (2022)
Educational Attainment in Blackford County, Indiana (2022)
Age Distribution in Blackford County, Indiana
Citizen Population in Blackford County, Indiana (2022)
Political Trends & Data
Blackford County, Indiana shows a markedly Republican tilt in the 2020 U.S. Presidential Election results, potentially mirroring the local conservative ethos or voter concerns. With Democrats capturing only about 25% of the vote, the political gap is evident, while minor parties such as the Libertarians had minimal influence. This distribution might hint at a community primarily favoring Republican ideologies but with some diversity in political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Blackford County, Indiana, the 2020 U.S. Presidential Election results leaned heavily towards the Republican party, potentially reflecting local conservative values or voter priorities. Democrats garnered roughly a quarter of the vote, which might indicate some level of support but highlights a significant gap compared to Republicans. Libertarians and other smaller parties, while present, seemed to have minimal impact on the overall outcome. This distribution could suggest a political landscape that is predominantly Republican but with pockets of varied political thought.
71.78% of voters voted for the Republican party in the 2020 Presidential Election
25.71% of voters voted for the Democrat party in the 2020 Presidential Election
2.47% 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
0.02% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Blackford County, Indiana, the student-to-teacher ratio has notably declined from nearly 22 in 2015 to around 14 in 2023, suggesting potential improvements in educational policy or funding. This trend may enhance the area's attractiveness to real estate investors and buyers, as better education metrics often correlate with higher property values. With current figures aligning more closely with the national average, the region's desirability might be on the... Read more
Student-to-teacher ratio in Blackford County, Indiana over the last 10 years
Over the last decade, Blackford County, Indiana has seen significant fluctuations in its student-to-teacher ratio, peaking at nearly 22 in 2015 before gradually declining to around 14 in 2023. This shift, particularly the notable decrease post-2020, could reflect changes in educational policy, funding, or demographic trends. For investors, real estate agents, and those considering moving to the area, a lower student-to-teacher ratio might suggest an improving education system, potentially increasing the region's appeal. Likewise, appraisers and insurance agents might factor this in when assessing property values, as better education metrics often correlate with higher real estate desirability. It's worth noting that Blackford County's recent figures align more closely with the national average of 14 students per teacher, which may enhance its standing relative to other regions.
