Carroll County Real Estate and Livability Trends
Carroll County, Indiana has seen median home values rise from $112,100 in 2015 to $152,900 in 2022, suggesting steady growth and making it appealing for those seeking affordable housing. An average residential energy tax credit spike in 2018 hints at increased energy-efficient home upgrades, while fluctuating real estate taxes and stable mortgage trends point to a dynamic and family-oriented... Read more
Carroll County Market Trends
Carroll County, Indiana's median home values rose from $112,100 in 2015 to $152,900 in 2022, showing steady growth compared to Indiana's state-wide and national averages. This makes the area appealing for those seeking affordable housing. In 2018, there was a notable spike in the average residential energy tax credit per return to $3366.67, hinting at increased energy-efficient home upgrades.... Read more
Median Value of Occupied Housing Units in Carroll County, Indiana Over the Last 8 Years
Over the last eight years, Carroll County, Indiana's median home values have shown a steady increase, climbing from $112,100 in 2015 to $152,900 in 2022. Compared to Indiana's state-wide average, which jumped from $124,200 to $183,600 during the same period, Carroll County's growth is more modest yet consistent. Nationally, home values went from $125,500 to $179,400, suggesting that Carroll County still offers relatively affordable housing compared to broader state and national markets, making it a potentially attractive option for those interested in cost-effective property investments.
Residential Energy Tax Credit Per Tax Return in Carroll County, IN Over the Last 9 Years
Carroll County, Indiana, has seen significant fluctuations in its average residential energy tax credit per return over the last nine years. Notably, there was a dramatic spike in 2018 when the credit soared to $3366.67, compared to the more modest values seen before and after this peak. This likely signals a period of increased investment in energy-efficient home upgrades, which could be of interest to potential homeowners or investors looking to capitalize on energy incentives in the region. The steady increase from 2019 to 2021, where the credit stabilized around $866.67, suggests ongoing interest and perhaps the implementation of more consistent energy-efficient measures in homes.
Average Real Estate Taxes Per Tax Return in Carroll County, IN Over the Last 10 Years
Carroll County, Indiana has experienced fluctuations in average real estate taxes per tax return over the past decade, peaking in 2018 at $2,071.88. Despite a subsequent dip in 2019 to $1,870.97, it appears there is an upward trend, with recent figures for 2021 at $2,011.54. This stability and gradual increase could be attractive for investors and property developers as it suggests a potentially stable or appreciating property value environment. Insurance agents and appraisers might want to note these trends for risk assessments and property valuations.
Percentage of Farm Returns in Carroll County, IN Over the Last 10 Years
Farm tax returns in Carroll County, Indiana, appear to reflect minor yet consistent fluctuations over the past decade. With percentages varying from approximately 4.78% in 2012 to roughly 4.17% in 2021, these numbers suggest slight declines over time. Farm tax returns are essential for understanding the economic landscape of the area, as they provide insights into the agricultural sector's vitality. Such trends might interest investors, potential residents, or property developers by indicating agribusiness dynamics and potential growth or decline in the local farming industry.
Number of Mortgages by Occupancy Type in Carroll County, IN Over the Last 5 Years in Carroll County
Over the past five years in Carroll County, Indiana, there appears to be fluctuating activity in the mortgage market, heavily dominated by principal residences, which peaked in 2021 with 1,503 mortgages. Investment properties and second residences saw comparatively fewer mortgages, with investment properties seeing a gradual decline from 44 in 2019 to 23 in 2022. These trends could be important for investors and residents alike, as a higher count of principal residence mortgages often signals a stable, family-oriented community with steady demand for housing. Conversely, the lower numbers in investment and second residences might suggest limited opportunities for short-term rentals or vacation homes but also indicate less competition for real estate investors. For appraisers and insurance agents, these shifts might affect property values and risk assessments, while builders and real estate agents could focus on crafting value propositions suited for primary homeowners rather than speculative buyers or seasonal residents.
Economic Outlook
Carroll County, Indiana has seen a rise in average taxable income per tax return, jumping from $49,797.27 in 2013 to $57,346.90 in 2021, despite a dip in 2017. Combined with a significant increase in state and local taxes, peaking at $9,125.71 in 2019, these trends might suggest shifting economic conditions and policy changes. Additionally, fluctuating total tax liabilities, with a high of $8,574.72 in 2021, highlight the dynamic fiscal landscape, offering critical insights for those eyeing... Read more
Average Taxable Income per Tax Return in Carroll County, IN over the last 9 years
Carroll County, Indiana has seen a fairly steady increase in average taxable income per tax return over the last nine years, from $49,797.27 in 2013 to $57,346.90 in 2021. Notably, there was a slight dip in 2017 to $48,083.74, but post-2017 numbers have shown a significant uptick, peaking in 2020 at $57,545.94. This trend could suggest improving economic conditions and potentially indicate a favorable environment for investment and property development in the area. The overall growth in average taxable income may appeal to those considering a move or investment in Carroll County.
Average State and Local Income Taxes Per Tax Return in Carroll County, IN Over the Last 10 Years
Carroll County, Indiana, has seen a significant uptick in average state and local income taxes per tax return over the past decade. From $5,252.91 in 2012, taxes soared to peak at $9,125.71 in 2019, marking a pronounced increase. This trend indicates a rising tax burden, which might impact both current residents and potential investors considering the area's fiscal environment. It's worth noting the substantial jump between 2018 and 2019, suggesting policy changes or economic shifts that potential movers should be aware of.
Average Total Tax Liability Per Tax Return in Carroll County, IN Over the Last 10 Years
Carroll County, Indiana has seen fluctuating average total tax liabilities per tax return over the past decade, with notable changes like a peak in 2021 at $8574.72 after a steady trend around the $7400-$7500 mark. This variability in tax liability reflects underlying economic changes and can influence investment decisions, providing critical insights for residents and potential investors considering long-term commitments in the area.
Cost of Living in Carroll County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,063 | $1,363 | $1,753 | $1,566 | $1,168 |
| 1 adult 4 children | $1,063 | $1,113 | $1,348 | $1,566 | $1,275 |
| 2 adults 3 children | $1,063 | $1,114 | $1,518 | $1,566 | $972 |
| 1 adult 3 children | $1,063 | $909 | $1,112 | $1,566 | $1,052 |
| 2 adults 2 children | $862 | $912 | $1,282 | $1,378 | $868 |
| 1 adult 2 children | $862 | $681 | $877 | $1,378 | $837 |
| 2 adults 1 child | $862 | $721 | $1,046 | $767 | $798 |
| 1 adult 1 child | $862 | $465 | $641 | $767 | $663 |
| 2 adults | $655 | $579 | $811 | $0 | $613 |
| 1 adult | $651 | $316 | $405 | $0 | $529 |
Demographics
In Carroll County, Indiana, the adult population is nearly equally split between males and females, suggesting balanced community representation. Educational attainment levels show a notable proportion of residents holding high school diplomas or equivalent, while bachelor’s degree holders and those with graduate degrees constitute a smaller, yet significant, portion. Age distribution hints at a substantial number of middle-aged and senior residents, potentially impacting local healthcare and... Read more
Race Distribution in Carroll County, Indiana (2022)
Educational Attainment in Carroll County, Indiana (2022)
Age Distribution in Carroll County, Indiana
Citizen Population in Carroll County, Indiana (2022)
Political Trends & Data
In Carroll County, Indiana, Republican candidates potentially held a strong advantage in the 2020 U.S. Presidential Election, possibly securing nearly 75% of the vote. Democrats seemed to attract around 23%, with Libertarian support appearing minimal at roughly 2%. The significant Republican lean may indicate a predominantly conservative voter base in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Carroll County, Indiana, Republican candidates seem to have had a significant edge in the 2020 U.S. Presidential Election, possibly receiving nearly 75% of the vote. Democrats, on the other hand, might have garnered just around 23%. Libertarians appear to have drawn minimal support with approximately 2% of the vote, while Green Party and other candidates did not seem to make an impact. This skew towards Republican votes could potentially signal a strong conservative inclination among the county's electorate.
74.63% of voters voted for the Republican party in the 2020 Presidential Election
23.42% of voters voted for the Democrat party in the 2020 Presidential Election
1.95% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Carroll County, Indiana's fluctuating student-to-teacher ratio, peaking at around 17 in 2014 and often falling below the national average of 14 from 2017 to 2021, could significantly impact local real estate trends. A lower student-to-teacher ratio suggests more individualized attention and potentially better educational outcomes, possibly driving housing demand. On the flip side, a higher ratio might reflect resource constraints or growing student populations, influencing school funding needs... Read more
Student-to-teacher ratio in Carroll County, Indiana over the last 10 years
The student-to-teacher ratio in Carroll County, Indiana has fluctuated over the past decade, peaking at around 17 students per teacher in 2014 and falling below the national average of 14 students per teacher on several occasions, such as from 2017 to 2021. Understanding these trends can be crucial for anyone involved in education or property markets. For those considering moving to the area or investing in property, a lower student-to-teacher ratio often indicates more individualized attention for students, potentially enhancing educational outcomes, which could drive demand for housing in the region. Conversely, a higher ratio might signify resource constraints or growing student populations, possibly influencing school funding needs and subsequently impacting local real estate markets.
