Brown County Real Estate and Livability Trends
In Brown County, Indiana, the rising average taxable income from $49,573.45 in 2013 to $69,709.91 in 2021 suggests a growing local economy, though it also implies increased financial burdens with higher state and local taxes. Real estate values have surged significantly, with median home prices jumping from $162,300 in 2015 to $227,600 in 2022, indicating a robust property market outpacing state... Read more
Brown County Market Trends
Brown County, Indiana, has seen robust growth in median home values, climbing from $162,300 in 2015 to $227,600 in 2022, outpacing both state and national rates. Real estate taxes have similarly risen, nearly doubling over the past decade, reflecting appreciating property values and likely increased public spending. Energy tax credits have been notably volatile, peaking dramatically at $2,650.00... Read more
Median Value of Occupied Housing Units in Brown County, Indiana Over the Last 8 Years
Over the last eight years, Brown County, Indiana has seen a steady increase in median home values, starting at $162,300 in 2015 and reaching $227,600 in 2022. This local growth rate generally exceeds both Indiana's statewide median home value increase—from $124,200 to $183,600—and the national median, which climbed from $125,500 to $179,400 during the same period. This trend could signify strong local demand and potentially higher property appreciation rates for investors and homebuyers in Brown County compared to broader state and national levels.
Residential Energy Tax Credit Per Tax Return in Brown County, IN Over the Last 9 Years
Residential energy tax credits in Brown County, Indiana, have shown significant volatility over the past nine years. In 2015, there was a notable jump to $657.14 from $435.29 in 2014. An even more dramatic spike occurred in 2018, peaking at $2,650.00. This trend suggests that investments in energy efficiency and related incentives have had fluctuating impacts on tax returns. Such variations could indicate changing state or federal policies, economic conditions, or evolving homeowner priorities toward energy-efficient upgrades. This dynamic landscape might interest investors, real estate professionals, and homeowners considering property value enhancement through energy improvements.
Average Real Estate Taxes Per Tax Return in Brown County, IN Over the Last 10 Years
Over the last decade in Brown County, Indiana, real estate taxes per tax return have shown an upward trend. In 2012, the average was $1,394.90, and by 2021, it rose to $2,751.28. This steady increase suggests growing property valuations and possibly higher public spending in the area. For potential investors and residents, this trend could imply appreciating property values and changing financial commitments. Real estate agents, appraisers, and insurance agents may find this data indicative of a dynamic market, potentially influencing their recommendations and cost assessments.
Percentage of Farm Returns in Brown County, IN Over the Last 10 Years
Brown County, Indiana has seen a fluctuating but generally downward trend in the percentage of farm tax returns over the past decade. The rate peaked around 2.00% from 2012 to 2013, before gradually declining to approximately 1.41% in 2020, and then slightly rebounding to around 1.66% in 2021. Farm tax returns indicate the proportion of tax filings from agricultural activities, reflecting both the economic health of local farming and land use trends. For those considering investments, development, or moving to the area, these trends could be a sign of shifting economic bases or changing land utilization, which might influence property values and community dynamics.
Number of Mortgages by Occupancy Type in Brown County, IN Over the Last 5 Years in Brown County
In Brown County, Indiana, the number of mortgages for principal residences peaked in 2020 and 2021 but saw a significant drop in 2022. Meanwhile, mortgages for investment properties have remained relatively stable, with only slight fluctuations over the past five years. Mortgages for second residences experienced a sharp decline post-2020. Shifts in occupancy types often signal changing market dynamics and can impact property values, insurance rates, and investment opportunities. For those contemplating investment, these trends might suggest looking more closely at principal residences, which show higher overall activity but note the recent decline in 2022.
Economic Outlook
In Brown County, Indiana, the average taxable income per tax return has risen sharply from $49,573.45 in 2013 to $69,709.91 in 2021, hinting at a buoyant local economy. Meanwhile, state and local income taxes per return have more than doubled, suggesting higher resident incomes and significant economic growth. Average total tax liability per return also saw an uptick, moving from $7,356.17 in 2012 to $10,312.46 in 2021, which might point to both expanding economic opportunities and an increased... Read more
Average Taxable Income per Tax Return in Brown County, IN over the last 9 years
In Brown County, Indiana, there's been a noticeable upward trend in the average taxable income per tax return over the past nine years. Starting at $49,573.45 in 2013, it gradually increased to $69,709.91 by 2021. This growth could signal a strengthening local economy, which potentially makes it an attractive destination for prospective investors, home builders, and new residents looking for economic stability and opportunity.
Average State and Local Income Taxes Per Tax Return in Brown County, IN Over the Last 10 Years
Over the past decade, Brown County, Indiana has experienced a notable upward trend in state and local income taxes per tax return, surging from $5,239.49 in 2012 to an impressive $12,890.00 by 2021. This sharp increase, especially between 2018 and 2021, underscores significant economic growth and higher income levels among residents. Such changes are crucial for potential investors and homeowners as they reflect the county's improving fiscal landscape, potentially driving demand for property and investment opportunities.
Average Total Tax Liability Per Tax Return in Brown County, IN Over the Last 10 Years
Brown County, Indiana, has experienced a notable increase in average total tax liability per tax return over the past decade. From 2012 to 2021, the liability climbed from $7,356.17 to $10,312.46, indicating a growing financial responsibility for residents. This upward trend could suggest an expanding economy or rising incomes in the area, which might appeal to potential property investors and new residents who view such metrics as indicators of economic health. However, it also implies potentially higher financial burdens for those already settled, which could influence decisions on housing affordability and long-term economic planning.
Cost of Living in Brown County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,158 | $1,351 | $1,858 | $1,637 | $1,318 |
| 1 adult 4 children | $1,158 | $1,103 | $1,429 | $1,637 | $1,413 |
| 2 adults 3 children | $1,158 | $1,104 | $1,608 | $1,637 | $1,086 |
| 1 adult 3 children | $1,158 | $901 | $1,179 | $1,637 | $1,181 |
| 2 adults 2 children | $883 | $904 | $1,358 | $1,441 | $923 |
| 1 adult 2 children | $883 | $675 | $929 | $1,441 | $904 |
| 2 adults 1 child | $883 | $714 | $1,108 | $803 | $841 |
| 1 adult 1 child | $883 | $461 | $679 | $803 | $712 |
| 2 adults | $744 | $574 | $858 | $0 | $676 |
| 1 adult | $639 | $313 | $429 | $0 | $529 |
Safety trends & Data
In Brown County, Indiana, property crime has seen significant shifts over the past two years. There has been a marked decline in burglary and fraud incidents, reducing from 3 in 2018 to just 1 in 2021. Although larceny-theft was the highest at 4 arrests in 2018, there's no data for 2021, suggesting a possible decline or unreported cases. This trend may point to improved community safety, potentially enhancing real estate investment appeal, lowering insurance costs, and instilling greater... Read more
Property Crime Trends in Brown County, IN Over the Last 2 Years
In Brown County, Indiana, property crime shows a noticeable fluctuation over the last two years. Data indicates a substantial reduction in burglary and fraud incidents, descending from 3 in 2018 to just 1 in 2021. Although larceny-theft held the highest rate at 4 arrests in 2018, there is no recorded data for 2021, implying a potential decline or unreported instances. This trend could indicate a positive shift in community safety, potentially making it more appealing for real estate investments, bringing down insurance premiums, and offering a sense of reassurance for current residents. However, further analysis and continual monitoring would be prudent for a comprehensive understanding of property crime dynamics.
Demographics
In Brown County, Indiana, the adult population appears to be evenly split between males and females, suggesting a balanced gender distribution. Educationally, the majority seem to have at least a high school diploma, with a significant number achieving some college education or higher degrees. Age-wise, there's a noticeable skew towards older age groups, perhaps indicating an aging population. The racial demographic is overwhelmingly white, with very small percentages representing other racial... Read more
Race Distribution in Brown County, Indiana (2022)
Educational Attainment in Brown County, Indiana (2022)
Age Distribution in Brown County, Indiana
Citizen Population in Brown County, Indiana (2022)
Political Trends & Data
Brown County, Indiana, showed a strong Republican preference in the 2020 U.S. Presidential Election, with about 64% of voters casting their ballots for the GOP. Democrats lagged behind with approximately 34%, and the Libertarian Party saw close to a 2% share. The absence of significant votes for the Green Party or others may point to a largely conservative voter base, potentially influencing local real estate trends and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Brown County, Indiana, leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 64% of the vote. Democrats trailed significantly, capturing around 34%, while the Libertarian Party garnered almost 2%. Notably, neither the Green Party nor any other parties made an impact. This data suggests a predominantly conservative voter base in this region.
64.32% of voters voted for the Republican party in the 2020 Presidential Election
33.80% of voters voted for the Democrat party in the 2020 Presidential Election
1.87% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the past decade, Brown County, Indiana's student-to-teacher ratio has hovered around the national average of 14, peaking at over 15 in 2020 and dropping to approximately 13 in 2021 before normalizing back to around 15 by 2023. These fluctuations may influence the perceived quality of education, potentially impacting real estate desirability. Investors and new residents might find lower ratios more attractive for personalized education, while higher ratios could signal a need for additional... Read more
Student-to-teacher ratio in Brown County, Indiana over the last 10 years
Over the past decade, Brown County, Indiana has seen fluctuations in its student-to-teacher ratio, generally hovering around the national average of 14. In 2020, this ratio peaked at over 15 students per teacher, potentially indicating challenges in maintaining small class sizes. Notably, in 2021 the ratio dropped to approximately 13, suggesting an improvement in teacher availability or a decrease in student numbers. By 2023, the ratio normalized back to around 15. For real estate investors and new residents, these trends could influence the perceived quality of education and desirability of the county. Lower student-to-teacher ratios might be attractive to families prioritizing personalized education, whereas higher ratios could signal a need for additional educational infrastructure. Appraisers and insurance agents may also find these trends useful in assessing the area's growth and resource allocation.
