Clay County Real Estate and Livability Trends
In Clay County, Indiana, the median home values have increased from $95,000 in 2015 to $130,000 in 2022, making it an attractive yet affordable market. Tax-related metrics, like the average taxable income per return rising from $43,387.94 in 2013 to $57,913.15 in 2021, point to a possibly strengthening local economy. There's also been a notable hike in average state and local income taxes and... Read more
Clay County Market Trends
Clay County, Indiana’s median home values have surged from $95,000 in 2015 to $130,000 in 2022, offering a relatively affordable market compared to the state and national medians. Significant fluctuations in the average Residential Energy Tax Credit, peaking at $3,200.00 in 2018, indicate volatile yet growing homeowner investments in energy efficiency. Real estate taxes have sharply climbed to... Read more
Median Value of Occupied Housing Units in Clay County, Indiana Over the Last 8 Years
Clay County, Indiana has seen a substantial increase in median home values over the past eight years, jumping from $95,000 in 2015 to $130,000 in 2022. This rise is consistent with broader trends but remains slightly below the state median, which reached $183,600 in 2022, and the national median of $179,400. For investors or locals eyeing property markets, Clay County's growth suggests a burgeoning market, though still more affordable relative to wider benchmarks in Indiana and the U.S. This could imply favorable conditions for entry-level buyers or those looking for investment opportunities with potential upside in value appreciation.
Residential Energy Tax Credit Per Tax Return in Clay County, IN Over the Last 9 Years
Clay County, Indiana has seen significant fluctuations in the average Residential Energy Tax Credit per tax return over the last nine years, suggesting volatility in homeowners' energy investments or changes in tax policies. Noteworthy spikes include a dramatic leap to $3,200.00 in 2018, which appears to be an anomaly compared to other years; these figures could suggest a boon in energy-efficient home improvements or shifts in tax incentives. Recent years show an upward trend, with 2021's average reaching $992.31, indicating a potential increase in homeowner adoption of energy-saving measures or related tax benefits. Such information might interest investors, real estate agents, and insurance providers looking to understand energy efficiency trends and household investment behaviors in this region.
Average Real Estate Taxes Per Tax Return in Clay County, IN Over the Last 10 Years
Over the last decade, Clay County, Indiana has seen a notable increase in average real estate taxes per tax return. Starting at around $876.73 in 2012, the taxes remained relatively stable until 2016, when they began to climb sharply, reaching approximately $1,420.83 by 2021. This trend could suggest a rise in property values or changes in tax rates, and may impact decisions for investors and potential homeowners alike. For real estate agents and appraisers, the upward trajectory of real estate taxes may influence property pricing strategies and appraisal values. Similarly, insurance agents and builders might need to consider these increases when planning policy premiums and project budgets.
Percentage of Farm Returns in Clay County, IN Over the Last 10 Years
In Clay County, Indiana, the percentage of farm tax returns has seen a subtle but notable decline over the past decade, dropping from 3.66% in 2012 to 3.02% in 2021. This trend potentially reveals a shift in the county's agricultural dynamics, which might be intriguing for those considering investment or property development here. Farm tax returns, a reflection of the financial declarations by farmers, can serve as a barometer of farming activity and economic health in the region. Investors and new residents might be especially interested in these trends when considering the long-term stability and viability of the agricultural sector in Clay County.
Number of Mortgages by Occupancy Type in Clay County, IN Over the Last 5 Years in Clay County
Mortgage trends in Clay County, Indiana over the past five years exhibit a clear dominance of principal residence transactions, with annual counts significantly outpacing investment and second residences. Such data fluctuations have implications for market stability and can influence property values, risk assessments, and investment strategies. Notably, a surge in mortgages for principal residences could signal increased demand for long-term housing, which may lead to rising prices and a more competitive market for buyers. Conversely, relatively low figures for investment and second properties suggest underutilized opportunities for real estate investors and developers. This dynamic can impact insurance agents' risk profiles and appraisers' valuation models due to varying stability and occupancy rates. For local real estate agents and potential residents, understanding these trends is crucial in navigating the market and making informed decisions.
Economic Outlook
In Clay County, Indiana, the average taxable income per tax return has steadily increased over the past nine years, from $43,387.94 in 2013 to $57,913.15 in 2021, potentially signaling a stronger local economy. Meanwhile, average state and local income taxes per tax return rose sharply from $5,067.61 in 2012 to $12,412.00 in 2021, possibly reflecting changing economic conditions and policies. The average total tax liability per tax return also climbed from $5,413.46 in 2012 to $7,820.02 in... Read more
Average Taxable Income per Tax Return in Clay County, IN over the last 9 years
In Clay County, Indiana, average taxable income per tax return has shown a steady upward trend over the past nine years, starting from $43,387.94 in 2013 and reaching $57,913.15 in 2021. This consistent increase potentially signals a strengthening local economy, making it an attractive area for new investments or property development. The growth in average taxable income may also reflect improvements in employment opportunities or wage increases, reinforcing the county's appeal for those considering relocation.
Average State and Local Income Taxes Per Tax Return in Clay County, IN Over the Last 10 Years
Average state and local income taxes per tax return in Clay County, Indiana have seen a notable rise over the past decade. From $5,067.61 in 2012 to a striking $12,412.00 in 2021, this increase reflects a significant financial trend. This sharp uptick, particularly in the last few years, could indicate changing economic conditions and policies, affecting residents' disposable incomes and potentially influencing decisions for those considering moving, investing, or building in the area.
Average Total Tax Liability Per Tax Return in Clay County, IN Over the Last 10 Years
Over the past decade, Clay County, Indiana has seen a notable increase in average total tax liability per tax return. Starting at approximately $5,413.46 in 2012, this figure has steadily climbed, reaching about $7,820.02 by 2021. This upward trend suggests a growing economic burden, potentially reflective of higher earnings or changes in tax policies. For those considering investment opportunities or relocation to the county, this data could indicate an evolving fiscal landscape worth monitoring.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $962 | $1,279 | $1,937 | $1,528 | $1,101 |
| 1 adult 4 children | $962 | $1,044 | $1,490 | $1,528 | $1,184 |
| 2 adults 3 children | $962 | $1,045 | $1,676 | $1,528 | $907 |
| 1 adult 3 children | $962 | $853 | $1,229 | $1,528 | $963 |
| 2 adults 2 children | $790 | $855 | $1,416 | $1,345 | $827 |
| 1 adult 2 children | $790 | $639 | $969 | $1,345 | $752 |
| 2 adults 1 child | $790 | $676 | $1,155 | $749 | $745 |
| 1 adult 1 child | $790 | $437 | $708 | $749 | $622 |
| 2 adults | $628 | $543 | $894 | $0 | $594 |
| 1 adult | $594 | $296 | $447 | $0 | $499 |
Demographics
Clay County, Indiana, shows a fairly balanced gender distribution with slightly more females than males. In terms of education, the majority of residents have at least a high school diploma, with a notable portion having some college experience or an associate's degree. The age distribution suggests a diverse population, but there's a significant number of residents in the 35 to 64 years range, hinting at an aging population. The racial makeup is predominantly White, with very small... Read more
Race Distribution in Clay County, Indiana (2022)
Educational Attainment in Clay County, Indiana (2022)
Age Distribution in Clay County, Indiana
Citizen Population in Clay County, Indiana (2022)
Political Trends & Data
Clay County, Indiana, leaned heavily Republican in the 2020 U.S. Presidential Election, with about 77% of the vote. Democrats secured roughly 21%, and Libertarians managed nearly 2%. This trend could suggest a strong preference for conservative policies among voters, possibly affecting future local and state... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clay County, Indiana, leaned heavily Republican in the 2020 U.S. Presidential Election, with roughly 77% of the vote. Democrats garnered around 21%, while Libertarians collected nearly 2%, and smaller parties hardly made a dent. This pattern might indicate a strong preference for conservative policies among the county's voters, potentially influencing future local and state elections.
77.44% of voters voted for the Republican party in the 2020 Presidential Election
20.80% of voters voted for the Democrat party in the 2020 Presidential Election
1.70% of voters voted for the Livertarian party in the 2020 Presidential Election
0.05% 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
Clay County, Indiana's student-to-teacher ratio has fluctuated from a high of 18 students per teacher in 2020 to a low of 14 in 2021. This is particularly relevant for investors and real estate agents, as a lower ratio could make the area more appealing to families prioritizing quality education. Conversely, insurance agents and property developers might anticipate demand shifts influenced by perceptions of educational quality. With the national average at 14 students per teacher, Clay County's... Read more
Student-to-teacher ratio in Clay County, Indiana over the last 10 years
Clay County, Indiana has seen fluctuations in the student-to-teacher ratio over the past decade, ranging from a high of 18 students per teacher in 2020 to a low of 14 in 2021. This trend is noteworthy as it affects various stakeholders. For investors and real estate agents, a lower ratio might indicate a more attractive area for families seeking quality education. On the other hand, insurance agents and property builders could see demand changes based on shifts in educational quality perceptions. With the national average at 14 students per teacher, Clay County's historical figures are generally higher, possibly suggesting areas for improvement in educational resource allocation.
